Civic Intelligence

Kennebec Valley Community College Foundation

990 • Fiscal year 2018 • EIN 01-0471173

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 30, 2018

Organization ProfileWWW.KVCC.ME.EDU
92 Western AvenueFairfield, ME 04937-1367

(207) 453-5020

Siviq Scores

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Balance Sheet

Assets

Flat

$4,321,539

Flat from 2018

Net Assets

Flat

$4,293,381

Flat from 2018

Liabilities

Flat

$28,158

Flat from 2018

Revenue And Expenses

Revenue

Flat

$1,046,178

Flat from 2018

Expenses

Flat

$354,470

Flat from 2018

Net Income

Flat

$691,708

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,689,262Liabilities 2010: $2,258Net Assets 2010: $2,687,0042010Assets 2011: $3,239,884Liabilities 2011: $3,752Net Assets 2011: $3,236,1322011Assets 2012: $3,194,087Liabilities 2012: $23,021Net Assets 2012: $3,171,0662012Assets 2013: $3,473,369Liabilities 2013: $21,640Net Assets 2013: $3,451,7292013Assets 2014: $3,910,685Liabilities 2014: $13,506Net Assets 2014: $3,897,1792014Assets 2015: $4,125,530Liabilities 2015: $10,576Net Assets 2015: $4,114,9542015Assets 2016: $4,100,826Liabilities 2016: $80,706Net Assets 2016: $4,020,1202016Assets 2017: $4,198,187Liabilities 2017: $22,837Net Assets 2017: $4,175,3502017Assets 2018: $4,321,539Liabilities 2018: $28,158Net Assets 2018: $4,293,3812018Assets 2018: $4,321,539Liabilities 2018: $28,158Net Assets 2018: $4,293,3812018Assets 2019: $4,500,571Liabilities 2019: $50,489Net Assets 2019: $4,450,0822019Assets 2020: $4,243,879Liabilities 2020: $24,974Net Assets 2020: $4,218,9052020Assets 2021: $5,369,576Liabilities 2021: $13,001Net Assets 2021: $5,356,5752021Assets 2022: $5,554,302Liabilities 2022: $19,664Net Assets 2022: $5,534,6382022Assets 2023: $5,562,726Liabilities 2023: $33,832Net Assets 2023: $5,528,8942023Assets 2024: $5,977,355Liabilities 2024: $67,475Net Assets 2024: $5,909,8802024Assets 2025: $6,365,417Liabilities 2025: $219,860Net Assets 2025: $6,145,5572025

Highlighted filing

2018

Assets$4,321,539
Liabilities$28,158
Net Assets$4,293,381
Open 2018 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $191,0942010Expenses 2011: $149,6102011Expenses 2012: $273,4892012Revenue 2013: $879,602Expenses 2013: $253,997Net Income 2013: $625,6052013Revenue 2014: $475,474Expenses 2014: $288,812Net Income 2014: $186,6622014Revenue 2015: $660,216Expenses 2015: $371,148Net Income 2015: $289,0682015Revenue 2016: $461,320Expenses 2016: $699,373Net Income 2016: -$238,0532016Revenue 2017: $357,019Expenses 2017: $364,767Net Income 2017: -$7,7482017Revenue 2018: $1,046,178Expenses 2018: $354,470Net Income 2018: $691,7082018Revenue 2018: $1,046,178Expenses 2018: $354,470Net Income 2018: $691,7082018Revenue 2019: $501,436Expenses 2019: $395,706Net Income 2019: $105,7302019Revenue 2020: $339,411Expenses 2020: $431,519Net Income 2020: -$92,1082020Revenue 2021: $579,733Expenses 2021: $351,631Net Income 2021: $228,1022021Revenue 2022: $699,650Expenses 2022: $309,644Net Income 2022: $390,0062022Revenue 2023: $534,504Expenses 2023: $399,851Net Income 2023: $134,6532023Revenue 2024: $555,685Expenses 2024: $494,673Net Income 2024: $61,0122024Revenue 2025: $625,285Expenses 2025: $645,676Net Income 2025: -$20,3912025

Highlighted filing

2018

Revenue$1,046,178
Expenses$354,470
Net Income$691,708
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$4,544,421
Mission and Program Overview

Mission

To provide scholarships to qualifying Kennebec Valley Community College (KVCC) students and financial support to the College to use in support of academic programs, capital investment and college operations.

To raise funds for scholarships, facilities and support for Kennebec Valley Community College.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,997,326$4,075,606▲ $78,280
Savings and Temporary Cash Investments$158,686$227,280▲ $68,594
Cash and Non-Interest-Bearing Accounts$29,838$14,804▼ $15,034
Total Assets$4,198,187$4,321,539▲ $123,352
Other Assets Total$12,337$3,849▼ $8,488
Liabilities
Accounts Payable and Accrued Expenses$14,237$16,058▲ $1,821
Deferred Revenue$8,600$12,100▲ $3,500
Total Liabilities$22,837$28,158▲ $5,321
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,646,550$2,671,815▲ $25,265
Temporarily Rstr Net Assets$1,407,085$1,476,082▲ $68,997
Unrestricted Net Assets$121,715$145,484▲ $23,769
Total Net Assets Fund Balance$4,175,350$4,293,381▲ $118,031
Total Liabilities and Net Assets / Fund Balance$4,198,187$4,321,539▲ $123,352

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,997,326$57,382▲ $296,054-$4,075,606
2016$3,901,088$37,614▲ $343,369-$3,997,326
2015$4,003,494$473,269▲ $67,781-$3,901,088
2014$3,886,207$396,815▲ $93,276-$4,003,494
2013$3,444,727$362,224▲ $377,321-$3,886,207
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dwight LittlefieldChair
John DaltonPast Chair
Dann Hayden2nd Vice Chair
Bruce HarringtonVice Chair / Treasurer
Donald BormanTrustee
George OrestisTrustee
Jeffrey TraskTrustee
John E MardenTrustee
John PicchiottiTrustee
Kathy L CoreyTrustee
Melissa HigginsTrustee
Michael CrowellTrustee
Michael WadsworthTrustee
Nancy SmithTrustee
Philippe BofiaTrustee
Rita BilodeauTrustee
Sara J SylvesterTrustee
Richard HopperSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$109,316
Program Service Revenue
$0
Investment Income
$891,714
Other Revenue
$45,148
All Other Contributions
$72,661
Change in Net Assets
$691,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,024,477
Revenue Not Reported on Financial Statements
$21,701
Revenue Not Reported on Form 990
$-534,058
Total Revenue per Audited Statements
$490,419
Total Revenue per Form 990
$1,046,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$213,340
Total Fundraising Expense$105,518
Salaries, Compensation, and Employee Benefits$101,768
Other Expenses$39,362
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$213,340--$213,340
Other Salaries and Wages--$80,185$80,185
Fees for Service Investment Mgmnt Fees-$21,701-$21,701
Other Employee Benefits--$12,194$12,194
Pension Plan Contributions--$9,389$9,389
Fees for Services Other-$8,268-$8,268
Other Expenses-$4,376$3,750$8,126
Conferences and Meetings-$1,146-$1,146
Travel-$121-$121
Total Functional Expenses$213,340$35,612$105,518$354,470

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$372,388
Total Expenses per Form 990$354,471
Expenses per Audited Statements$332,770
Expenses Not Reported on Form 990$39,618
Expenses Not Reported on Financial Statements$21,701
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
KvccFairfield, ME-Scholarships & Support$207,101
KvccFairfield, ME-Capital expenses$6,239
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$71,680
Fundraising Direct Expenses$26,532
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Evening of Jazz$91,330$63,775$4,496$59,279
Golf Tournament$17,005$7,905$7,289$616
Total Events$108,335$71,680$26,532$45,148
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“Line 9 explanation - The Foundation does not have any committee with the authority to act on behalf of the governing body. All committees are advisory in nature.”

Form 990, Part VI, Section B, line 11B

“The Foundation compares a draft copy of Form 990 prepared by an independent public accounting firm to the Foundation s audited financial statements. The return is then reviewed by interested members of the Board of Trustees.”

Form 990, Part VI, Section B, line 12C

“At the beginning of each meeting, the President of the Board of Trustees will ask if there are any conflicts of interest with any item on the agenda for that meeting. If there are no conflicts, the meeting proceeds uninterrupted.”

Form 990, Part VI, Section B, line 15

“Compensation is paid by Kennebec Valley Community College and the Foundation reimburses the College for the compensation and related benefits and taxes.”

Form 990, Part VI, Section C, line 19

“The Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Kennebec Valley Community College
EIN
01-0471173
Phone
2074535020
Address
92 WESTERN AVENUE, FAIRFIELD, ME 04937-1367

Signing Officer

Name
Bruce Harrington
Title
Treasurer
Phone
2074535020
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Harrington
Formed
1991
Legal Domicile
Me
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
18

Preparer

Firm
Wipfli Llp
Address
30 Long Creek Drive, South Portland, ME 04106
Preparer
Patrick Nicholas
Phone
2077745701
Supplemental Narrative

Financial Statement Notes

Part V, Line 4:

“Endowment funds were awarded as scholarships to eligible recipients. Eligibility is governed by the wishes of each respective donor and screening process accomplished by College financial aid staff prior to award.”

Part X, Line 2:

“The Foundation has been determined to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has determined that the Foundation has no uncertain tax positions that require adjustment to the financial statements. The Foundation is currently open to examination under the statute of limitations by the Internal Revenue Service for three years after the filing of the return.”

Part XI, Line 2D - Other Adjustments:

“Special Events 26,532.”

Part XII, Line 2D - Other Adjustments:

“Special Events 26,532.”

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IRS990/InvestmentIncomeGrp/ExclusionAmt0106922
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106922
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03997326
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04075606
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03471711
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide scholarships to qualifying Kennebec Valley Community College (KVCC) students and financial support to the College to use in support of academic programs, capital investment and college operations.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04175350
IRS990/NetAssetsOrFundBalancesEOYAmt04293381
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0784792
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0784792
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt045148
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt045148
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-573676
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012337
IRS990/OtherAssetsTotalGrp/EOYAmt03849
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012194
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012194
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt03750
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04376
IRS990/OtherExpensesGrp/TotalAmt08126
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt080185
IRS990/OtherSalariesAndWagesGrp/TotalAmt080185
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PensionPlanContributionsGrp/FundraisingAmt09389
IRS990/PensionPlanContributionsGrp/TotalAmt09389
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02646550
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02671815
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Bruce Harrington
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Grants to KVCC for academic support and capital purposes.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt029370
IRS990/ProgSrvcAccomActy2Grp/GrantAmt029370
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0130478
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0229817
IRS990/PYInvestmentIncomeAmt0209120
IRS990/PYOtherExpensesAmt040925
IRS990/PYOtherRevenueAmt017421
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-7748
IRS990/PYSalariesCompEmpBnftPaidAmt094025
IRS990/PYTotalExpensesAmt0364767
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0357019
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0691708
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0158686
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0227280
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0109316
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0130478
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0462504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0440280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0293235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01435813
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0106922
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0117569
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0118224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0122364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0150664
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0615743
IRS990ScheduleA/PublicSupportCY170Pct00.35130
IRS990ScheduleA/PublicSupportPY170Pct00.40000
IRS990ScheduleA/PublicSupportTotal170Amt0720639
IRS990ScheduleA/SubstantialContributorsTotAmt0715174
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0109316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0130478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0462504
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0440280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0293235
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01435813
IRS990ScheduleA/TotalSupportAmt02051556
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt061816
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03997326
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt057382
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04075606
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0213340
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0296054
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt054978
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03901088
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt037614
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03997326
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0229767
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0343369
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt084578
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt04003494
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0473269
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03901088
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0558878
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067781
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0129248
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03886207
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0396815
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt04003494
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0243556
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0124753
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03444727
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0362224
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03886207
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0173312
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0377321
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt013086
IRS990ScheduleD/DonatedServicesUseFcltsAmt013086
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt039618
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt021701
IRS990ScheduleD/ExpensesSubtotalAmt0332770
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt021701
IRS990ScheduleD/InvestmentExpensesNotIncldAmt021701
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-573676
IRS990ScheduleD/OtherExpensesIncludedAmt026532
IRS990ScheduleD/OtherRevenueAmt026532
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.66000
IRS990ScheduleD/RevenueNotReportedAmt0-534058
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021701
IRS990ScheduleD/RevenueSubtotalAmt01024477
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds were awarded as scholarships to eligible recipients. Eligibility is governed by the wishes of each respective donor and screening process accomplished by College financial aid staff prior to award.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation has been determined to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. Management has determined that the Foundation has no uncertain tax positions that require adjustment to the financial statements. The Foundation is currently open to examination under the statute of limitations by the Internal Revenue Service for three years after the filing of the return.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Special Events 26,532.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Special Events 26,532.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.34000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0354471
IRS990ScheduleD/TotalRevenuePerForm990Amt01046178
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0490419
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0372388
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt036655

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,321,539
Liabilities
$28,158
Net assets
$4,293,381
Revenue
$1,046,178
Expenses
$354,470
Net income
$691,708
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.37$0.22$6.15$0.63$0.65$0.02
2024Detailed filing. Detailed filing data is available for this year.$5.98$0.07$5.91$0.56$0.49$0.06
2023Detailed filing. Detailed filing data is available for this year.$5.56$0.03$5.53$0.53$0.40$0.13
2022Detailed filing. Detailed filing data is available for this year.$5.55$0.02$5.53$0.70$0.31$0.39
2021Detailed filing. Detailed filing data is available for this year.$5.37$0.01$5.36$0.58$0.35$0.23
2020Detailed filing. Detailed filing data is available for this year.$4.24$0.02$4.22$0.34$0.43$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.50$0.05$4.45$0.50$0.40$0.11
2018Detailed filing. Detailed filing data is available for this year.$4.32$0.03$4.29$1.05$0.35$0.69
2018Detailed filing. Detailed filing data is available for this year.$4.32$0.03$4.29$1.05$0.35$0.69
2017Detailed filing. Detailed filing data is available for this year.$4.20$0.02$4.18$0.36$0.36$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.10$0.08$4.02$0.46$0.70$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.13$0.01$4.11$0.66$0.37$0.29
2014Detailed filing. Detailed filing data is available for this year.$3.91$0.01$3.90$0.48$0.29$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.02$3.45$0.88$0.25$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.02$3.17$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.00$3.24$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.00$2.69$0.19
Peer Organizations

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