Civic Intelligence

Massachusetts Nurses Foundation Inc.

990 • Fiscal year 2017 • EIN 04-2740257

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

Organization ProfileN/A
340 Turnpike StreetCanton, MA 02021

(781) 281-4625

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

93rd percentile

55%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

85th percentile

53%

Faster asset growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$385,258

Up $134,149 (+53%) from 2016

Net Assets

Up

$385,258

Up $134,149 (+53%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

Up

$198,567

Up $50,776 (+34%) from 2016

Expenses

Down

$89,326

Down $89,587 (-50%) from 2016

Net Income

Up

$109,241

Up $140,363 (+451%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$600K$400K$200K$0Assets 2010: $244,764Liabilities 2010: $0Net Assets 2010: $244,7642010Assets 2011: $264,941Liabilities 2011: $0Net Assets 2011: $264,9412011Assets 2012: $265,617Liabilities 2012: $0Net Assets 2012: $265,6172012Assets 2013: $291,308Liabilities 2013: $0Net Assets 2013: $291,3082013Assets 2014: $299,570Liabilities 2014: $02014Assets 2015: $284,035Liabilities 2015: $0Net Assets 2015: $284,0352015Assets 2016: $251,109Liabilities 2016: $0Net Assets 2016: $251,1092016Assets 2017: $385,258Liabilities 2017: $0Net Assets 2017: $385,2582017Assets 2018: $416,194Liabilities 2018: $0Net Assets 2018: $416,1942018Assets 2019: $426,027Liabilities 2019: $0Net Assets 2019: $426,0272019Assets 2020: $435,368Liabilities 2020: $0Net Assets 2020: $435,3682020Assets 2021: $481,403Liabilities 2021: $0Net Assets 2021: $481,4032021Assets 2022: $469,693Liabilities 2022: $0Net Assets 2022: $469,6932022Assets 2023: $433,636Liabilities 2023: $0Net Assets 2023: $433,6362023Assets 2024: $403,863Liabilities 2024: $0Net Assets 2024: $403,8632024Assets 2025: $427,650Liabilities 2025: $0Net Assets 2025: $427,6502025

Highlighted filing

2017

Assets$385,258
Liabilities$0
Net Assets$385,258
Open 2017 Filing

Operations Trend

Revenue Growth80th percentile

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

$200K$100K$0-$100KRevenue 2010: $100,248Expenses 2010: $94,086Net Income 2010: $6,1622010Revenue 2011: $108,087Expenses 2011: $101,895Net Income 2011: $6,1922011Revenue 2012: $111,664Expenses 2012: $100,788Net Income 2012: $10,8762012Revenue 2013: $117,894Expenses 2013: $98,522Net Income 2013: $19,3722013Revenue 2014: $87,314Expenses 2014: $91,104Net Income 2014: -$3,7902014Revenue 2015: $123,316Expenses 2015: $148,166Net Income 2015: -$24,8502015Revenue 2016: $147,791Expenses 2016: $178,913Net Income 2016: -$31,1222016Revenue 2017: $198,567Expenses 2017: $89,326Net Income 2017: $109,2412017Revenue 2018: $95,244Expenses 2018: $82,370Net Income 2018: $12,8742018Revenue 2019: $81,861Expenses 2019: $88,163Net Income 2019: -$6,3022019Revenue 2020: $88,053Expenses 2020: $75,662Net Income 2020: $12,3912020Revenue 2021: $81,226Expenses 2021: $69,070Net Income 2021: $12,1562021Revenue 2022: $102,089Expenses 2022: $70,487Net Income 2022: $31,6022022Revenue 2023: $34,253Expenses 2023: $75,519Net Income 2023: -$41,2662023Revenue 2024: $33,926Expenses 2024: $77,824Net Income 2024: -$43,8982024Revenue 2025: $56,991Expenses 2025: $50,281Net Income 2025: $6,7102025

Highlighted filing

2017

Revenue$198,567
Expenses$89,326
Net Income$109,241
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.1
Gross Receipts
$234,790
Mission and Program Overview

Mission

The massachusetts nurses foundation, inc. (the "foundation") is a non-profit corporation established to 1) provide scholarships, grants and loans to nurses and students of nursing, 2) maintain a fund to assist members through education, training, and practice development, 3) support research which is significant to the profession of nursing and of public interest, 4) support the publication of reports, treatises and other literary works on nursing subjects, 5) establish a center for nursing where the goals of the foundation can be achieved and 6) administer scholarship funds for alumni associations and schools of nursing.

See Part III, Line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$149,828$272,227▲ $122,399
Investments in Publicly Traded Securities$101,281$113,031▲ $11,750
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$251,109$385,258▲ $134,149
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$80,016$189,888▲ $109,872
Temporarily Rstr Net Assets$90,291$112,315▲ $22,024
Permanently Rstr Net Assets$80,802$83,055▲ $2,253
Total Net Assets Fund Balance$251,109$385,258▲ $134,149
Total Liabilities and Net Assets / Fund Balance$251,109$385,258▲ $134,149
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
KAren HigginsPresident
Beth AmslerDirector
Betty Sparksdirector
Dave GuineyDirector
Donna DudikDirector
Donna Kelly-Williamsdirector
Dorothy Mccabedirector
Eileen Nortondirector
Fran PiaseckiDirector
Joe-Ann FergusDirector
Karen Duffydirector
Kathy BelbinDirector
Merrie EatonDirector
Shirley ThompsonDirector
Francis EatonSecretary
Tina RussellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$168,263
Program Service Revenue
$0
Investment Income
$1,353
Other Revenue
$28,951
All Other Contributions
$168,263
Change in Net Assets
$109,241

Audited Revenue Reconciliation

Revenue per Audited Statements
$234,790
Revenue Not Reported on Financial Statements
$-36,223
Revenue Not Reported on Form 990
$24,908
Other Revenue Adjustments
$-36,223
Total Revenue per Audited Statements
$259,698
Total Revenue per Form 990
$198,567
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$47,500
Other Expenses$41,826
Total Fundraising Expense$18
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$47,500--$47,500
Fees for Services Accounting-$9,400-$9,400
Insurance-$1,050-$1,050
Office Expenses-$487-$487
Other Expenses$3,834$480$18$480
Travel-$176-$176
Total Functional Expenses$51,334$37,974$18$89,326

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$125,549
Expenses per Audited Statements$89,326
Total Expenses per Form 990$89,326
Expenses Not Reported on Form 990$36,223
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,174
Fundraising Direct Expenses$36,223
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournment$60,894$60,894-$60,894
Auction$1,070$1,070-$1,070
Total Events$65,174$65,174$36,223$28,951
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Page 6 Part VI Section A Line 2 - Family/Business Relationship

“SEVERAL board members are also the board members for MassACHUSETTS Nurses Association. TWO BOARD MEMBERS ARE SPOUSES.”

Page 6 Part VI Section B Line 11 - Responsible for 990 Review

“The board of directors has delegated the responsibility for reviewing, approving and signing the form 990 to the president. The form 990 is made available to any director upon request.”

PAGE 6 PART VI SECTION B LINE 12 - Conflict of Interest Policy

“The massachusetts nurse foundation does not have a written conflict of interest policy. However as the trustees are also on the board of massachusetts nurse association, a related organization. The foundation follows the same policies as massachusetts nurse association.”

Page 6 Part VI Section C Line 19 - Availability of 990 to Public

“The organizational governing documents, financial statements and form 990 are available upon request to the general public.”

Page 6 Part VI Section A Lines 6, 7A & 7B - Members

“The foundation is related to the massachusetts nurses association since the members of the association's board of directors are also members of the foundation. The members of the foundation in turn appoint the board of trustees which is responsible for managing the foundation.”

Page 6 Part VI Section B Lines 15A & 15B - Officer Compensation

“The foundation doesn't have employees.”

Filing and Contact Details

Filer

Filer Name
Massachusetts Nurses Foundation Inc
EIN
04-2740257
In Care Of
% PHYLLIS SHELDON
Phone
7812814625
Address
340 TURNPIKE STREET, CANTON, MA 02021

Signing Officer

Name
Tina Russell
Title
Treasurer
Phone
7818214625
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tina Russell
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
16

Preparer

Firm
Wolf & Company Pc
Address
99 HIGH STREET 21ST FLOOR, BOSTON, MA 02110
Preparer
Michael J Rowe CPA
Phone
6174399700
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 20

“Description:UNREALIZED LOSSES ON INVESTMENTS Amount:10668”

Form 990EZ Part I Line 20

“Description:DONATED SERVICES Amount:14240”

Financial Statement Notes

Schedule D, Page 3, Part X, Line 2 - Uncertain Tax Position

“The Foundation is a tax exempt organization under Section 501(c)(3) of the Internal Revenue Code and is, therefore, exempt from Federal and state income tax. The Foundation evaluates tax positions taken, including the position that the Foundation qualifies as a tax-exempt organization, and evaluates whether the tax positions are more likely than not to be sustained upon examination by the Internal Revenue Service. Since the Foundation utilizes the modified cash basis of accounting the resulting impact of these tax positions are recognized in the financial statements when actually paid, based on the result of this evaluation. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of June 30, 2017 and 2016 there are no uncertain tax positions taken or expected to be taken that would require disclosure in the financial statements. The Foundation believes it is no longer subject to examinations for years prior to June 30, 2014. The Foundations policy is to recognize any interest and penalties related to tax matters as an expense when paid.”

Schedule D, Page 4, Part XI - Reconcilation of Revenue

“Line 4(b) - reclass $36,223 fundraising expense to revenue”

Schedule D, Page 4, Part XII - Reconcilation of Expenses

“Line 2(d) - reclass $36,223 fundraising expense to revenue”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9director
IRS990/Form990PartVIISectionAGrp/TitleTxt10director
IRS990/Form990PartVIISectionAGrp/TitleTxt11director
IRS990/Form990PartVIISectionAGrp/TitleTxt12director
IRS990/Form990PartVIISectionAGrp/TitleTxt13President
IRS990/Form990PartVIISectionAGrp/TitleTxt14director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt036223
IRS990/FundraisingGrossIncomeAmt065174
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt047500
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt047500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt047500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0234790
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01050
IRS990/InsuranceGrp/TotalAmt01050
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01353
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01353
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0101281
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0113031
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Massachusetts Nurses Foundation, Inc. (the "Foundation") is a non-profit corporation established to 1) provide scholarships, grants and loans to nurses and students of nursing, 2) maintain a fund to assist members through education, training, and practice development, 3) maintain a fund to assist members with disaster and/or catastrophe relief, 4) support research which is significant to the profession of nursing and of public interest, 5) support the publication of reports, treatises and other literary works on nursing subjects, 6) establish a center for nursing where the goals of the Foundation can be achieved and 7) administer scholarship funds for alumni associations and schools of nursing.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0251109
IRS990/NetAssetsOrFundBalancesEOYAmt0385258
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt028951
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt010668
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0487
IRS990/OfficeExpensesGrp/TotalAmt0487
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE SERVICES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/Desc2FEES
IRS990/OtherExpensesGrp/FundraisingAmt018
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025956
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1425
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2480
IRS990/OtherExpensesGrp/ProgramServicesAmt03834
IRS990/OtherExpensesGrp/TotalAmt029808
IRS990/OtherExpensesGrp/TotalAmt1425
IRS990/OtherExpensesGrp/TotalAmt2480
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt080802
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt083055
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0TINA RUSSELL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0During 2015, the Foundation became a partner with the Association in a grant agreement funded by the Health Care Workforce Transformation Fund, and administered by Commonwealth Corporation. The grant is on a cost reimbursement basis for allowed program expenditures. The period of the grant will be from February 1, 2015 through January 31, 2017 with the maximum amount of the grant to be approximately $164,800. The Association acts as an agent under the grant in which it submits requisitions for reimbursable costs to Commonwealth Corporation. Upon receipt of the grant funds, the Association will transfer these funds to the Foundation to be used for the purpose of the grant. During the years ended June 30, 2017 and 2016, the Foundation collected $91,588 and $67,465, respectively, of grant funds from the Association, which is reflected in the statement of revenue, expenses and changes in net assets as temporarily restricted grant income. Grant expenses incurred during 2017 and 2016 were $3,833 and $93,326, respectively. Included in grant expenses are reimbursements to the Association for costs incurred under the grant.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03834
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0124522
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt055600
IRS990/PYInvestmentIncomeAmt01821
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0123313
IRS990/PYOtherRevenueAmt021448
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-31122
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0178913
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0147791
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0109241
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0168263
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0124522
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt078635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt052291
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt079963
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0503674
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01353
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01821
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0403
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01532
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt065174
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt046530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt073385
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt051044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0295561
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01353
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01821
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01532
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05131
IRS990ScheduleA/InvestmentIncomeCYPct00.00638
IRS990ScheduleA/InvestmentIncomePYPct00.01020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$385,258
Liabilities
$0
Net assets
$385,258
Revenue
$198,567
Expenses
$89,326
Net income
$109,241
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$0.57$0.50$0.07
2024Detailed filing. Detailed filing data is available for this year.$4.04$0.00$4.04$0.34$0.78$0.44
2023Detailed filing. Detailed filing data is available for this year.$4.34$0.00$4.34$0.34$0.76$0.41
2022Detailed filing. Detailed filing data is available for this year.$4.70$0.00$4.70$1.02$0.70$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.81$0.69$0.12
2020Detailed filing. Detailed filing data is available for this year.$4.35$0.00$4.35$0.88$0.76$0.12
2019Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$0.82$0.88$0.06
2018Detailed filing. Detailed filing data is available for this year.$4.16$0.00$4.16$0.95$0.82$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$1.99$0.89$1.09
2016Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$1.48$1.79$0.31
2015Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$1.23$1.48$0.25
2014Summary only. Only limited summary data is available for this year.$3.00$0.00$0.87$0.91$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.00$2.91$1.18$0.99$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.00$2.66$1.12$1.01$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.00$2.65$1.08$1.02$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.00$2.45$1.00$0.94$0.06