Civic Intelligence

Grambling Black & Gold Foundation

990 • Fiscal year 2020 • EIN 05-0624523

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

P O Box 587Grambling, LA 71245-1183

(318) 274-6426

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

3.39x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

83rd percentile

31%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$330,128

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

49th percentile

6.0%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-45%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$7,071,919

Up $399,494 (+6.0%) from 2019

Net Assets

Up

$1,150,345

Up $547,967 (+91%) from 2019

Liabilities

Down

$5,921,574

Down $148,473 (-2.4%) from 2019

Revenue

Down

$1,748,169

Down $1,454,954 (-45%) from 2019

Expenses

Down

$1,200,202

Down $1,725,523 (-59%) from 2019

Net Income

Up

$547,967

Up $270,569 (+98%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $4,928,387Liabilities 2013: $3,676,012Net Assets 2013: $1,252,3752013Assets 2014: $5,216,317Liabilities 2014: $4,001,086Net Assets 2014: $1,215,2312014Assets 2015: $5,590,240Liabilities 2015: $3,984,728Net Assets 2015: $1,605,5122015Assets 2016: $5,942,468Liabilities 2016: $4,106,877Net Assets 2016: $1,835,5912016Assets 2017: $6,341,894Liabilities 2017: $4,326,569Net Assets 2017: $2,015,3252017Assets 2018: $6,564,076Liabilities 2018: $6,239,096Net Assets 2018: $324,9802018Assets 2019: $6,672,425Liabilities 2019: $6,070,047Net Assets 2019: $602,3782019Assets 2020: $7,071,919Liabilities 2020: $5,921,574Net Assets 2020: $1,150,3452020Assets 2021: $8,111,552Liabilities 2021: $6,563,933Net Assets 2021: $1,547,6192021Assets 2022: $9,165,612Liabilities 2022: $5,599,348Net Assets 2022: $3,566,2642022Assets 2023: $11,204,102Liabilities 2023: $6,396,483Net Assets 2023: $4,807,6192023Assets 2024: $12,780,543Liabilities 2024: $5,440,964Net Assets 2024: $7,339,5792024

Highlighted filing

2020

Assets$7,071,919
Liabilities$5,921,574
Net Assets$1,150,345

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $446,515Expenses 2013: $238,157Net Income 2013: $208,3582013Revenue 2014: $602,326Expenses 2014: $639,470Net Income 2014: -$37,1442014Revenue 2015: $648,944Expenses 2015: $258,663Net Income 2015: $390,2812015Revenue 2016: $839,216Expenses 2016: $609,137Net Income 2016: $230,0792016Revenue 2017: $1,274,734Expenses 2017: $1,095,000Net Income 2017: $179,7342017Revenue 2018: $1,471,740Expenses 2018: $3,162,085Net Income 2018: -$1,690,3452018Revenue 2019: $3,203,123Expenses 2019: $2,925,725Net Income 2019: $277,3982019Revenue 2020: $1,748,169Expenses 2020: $1,200,202Net Income 2020: $547,9672020Revenue 2021: $2,072,551Expenses 2021: $1,675,277Net Income 2021: $397,2742021Revenue 2022: $2,895,594Expenses 2022: $876,949Net Income 2022: $2,018,6452022Revenue 2023: $3,295,897Expenses 2023: $2,042,088Net Income 2023: $1,253,8092023Revenue 2024: $5,402,600Expenses 2024: $2,788,657Net Income 2024: $2,613,9432024

Highlighted filing

2020

Revenue$1,748,169
Expenses$1,200,202
Net Income$547,967
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$1,748,169
Mission and Program Overview

Mission

The grambling university foundation, inc. Was organized to solicit, receive, hold, invest

The grambling university foundation, inc. Was organized to solicit, receive, hold, invest and transfer funds for the benefit of grambling state university. The foundation assists grambling state university in meeting the criteria for accreditation as outlined by the commission on colleges for the southern association of colleges and schools. Grambling state university and the foundation are also in a management agreement related to endowed chairs and professorships. This agreement is in compliance with board of regents policy and allows the foundation to manage funds on behalf of grambling state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,725,749$4,795,173▲ $69,424
Cash and Non-Interest-Bearing Accounts$1,946,676$1,885,463▼ $61,213
Investments Other Securities-$391,283-
Total Assets$6,672,425$7,071,919▲ $399,494
Liabilities
Other Liabilities$5,893,482$5,921,574▲ $28,092
Accounts Payable and Accrued Expenses$176,565$0▼ $176,565
Total Liabilities$6,070,047$5,921,574▼ $148,473
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,333,711$3,405,111▲ $71,400
Net Assets Without Donor Restrictions$-2,731,333$-2,254,766▲ $476,567
Total Net Assets Fund Balance$602,378$1,150,345▲ $547,967
Total Liabilities and Net Assets / Fund Balance$6,672,425$7,071,919▲ $399,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$391,283--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$3,333,711$860,865▲ $33,300$780,153$3,405,111
2018$1,129,721$3,106,070▲ $18,605$878,583$3,333,711
2017$1,066,527$732▲ $12,225-$1,129,721
2016$971,410$2,701▲ $10,107-$1,066,527
2015$899,543$31,735▲ $16,022-$971,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Rachel NealControllerFT$89,875$89,875
Sarah Dennis PhdTreasurer-$58,080$58,080

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,280,682
Program Service Revenue
$349,485
Investment Income
$37,879
Other Revenue
$80,123
All Other Contributions
$1,280,682
Change in Net Assets
$547,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,748,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,606
Total Revenue per Audited Statements
$1,769,775
Total Revenue per Form 990
$1,748,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$990,723
Grants and Similar Amounts Paid$209,479
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$141,580--$141,580
Interest-$91,434-$91,434
Grants to Domestic Individuals$67,899--$67,899
Other Expenses$3,015--$3,015
Total Functional Expenses$1,108,768$91,434$0$1,200,202

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,221,808
Expenses per Audited Statements$1,200,202
Total Expenses per Form 990$1,200,202
Expenses Not Reported on Form 990$21,606
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grambling State UniversityGrambling, LA-Gsu Stadium Project$141,580
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Grambling State University$4,285,554
Stadium Project$1,636,020
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Management duties delegated
No

Governance Explanations

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

A copy of the form 990 is provided to the board members for review prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, and financial statements available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Grambling University Foundation Inc
EIN
05-0624523
Phone
3182746426
Address
P O BOX 587, GRAMBLING, LA 71245-1183

Signing Officer

Name
David J Aubrey
Title
Chairman
Phone
3182746426
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David J Aubrey
Formed
2005
Legal Domicile
La
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
15

Preparer

Firm
Heard Mcelroy & Vestal LLC
Address
333 TEXAS STREET SUITE 1525, SHREVEPORT, LA 71101
Preparer
Darin K Seal CPA
Phone
3184291525
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XI, Line 2C

The board of directors assumes responsibility for oversight of the audit of the organization's financial statements and selection of an independent accountant.

Financial Statement Notes

PART III, LINE 1A:

The foundation received a collection of aboriginal indegenous art from an independent donor during the year ended june 30, 2008. The collection was appraised by an independent third party appraisal firm at approximately $318,000 at the time of donation. In accordance with fasb asc #958, not-for-profit entities", the foundation does not capitalize the collection of artwork in its financial statements as it is held for public exhibition, education, or research in furtherance of public service rather than financial gain. It is the policy of the foundation that proceeds from the sale of any collection items are to be used to purchase additional collection items, and no additional items were purchased for or removed from the collection in fiscal year ended june 30, 2020.

PART X, LINE 2:

The foundation is exempt from federal income taxes under section 501(a) of the internal revenue code (irc) as an organization described in irc section 501(c)(3). Accordingly, no provision for income taxes has been made in the financial statements, but the foundation is required to file an annual information return. However, should the foundation engage in activities unrelated to its exempt purpose, taxable income could result. The foundation had no material unrelated business income for the fiscal year audited. The foundation has elected to adopt the provisions of fasb interpretation #48, "accounting for uncertainties in income taxes." the foundation has not adopted any uncertain tax positions with respect to those amounts reported in the financial statements. The foundation files a federal form 990 return for information purposes. The returns for the income tax years 2016 and subsequent remain subject to examination by the internal revenue service.

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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE GRAMBLING UNIVERSITY FOUNDATION, INC. WAS ORGANIZED TO SOLICIT, RECEIVE, HOLD, INVEST AND TRANSFER FUNDS FOR THE BENEFIT OF GRAMBLING STATE UNIVERSITY. THE FOUNDATION ASSISTS GRAMBLING STATE UNIVERSITY IN MEETING THE CRITERIA FOR ACCREDITATION AS OUTLINED BY THE COMMISSION ON COLLEGES FOR THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. GRAMBLING STATE UNIVERSITY AND THE FOUNDATION ARE ALSO IN A MANAGEMENT AGREEMENT RELATED TO ENDOWED CHAIRS AND PROFESSORSHIPS. THIS AGREEMENT IS IN COMPLIANCE WITH BOARD OF REGENTS POLICY AND ALLOWS THE FOUNDATION TO MANAGE FUNDS ON BEHALF OF GRAMBLING STATE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0602378
IRS990/NetAssetsOrFundBalancesEOYAmt01150345
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2731333
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2254766
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INSTITUTIONAL SUPPORT
IRS990/OtherExpensesGrp/Desc1BAYOU CLASSIC OPERATION
IRS990/OtherExpensesGrp/Desc2GSU BAND CAMPAIGN
IRS990/OtherExpensesGrp/ProgramServicesAmt0884235
IRS990/OtherExpensesGrp/ProgramServicesAmt112039
IRS990/OtherExpensesGrp/ProgramServicesAmt23015
IRS990/OtherExpensesGrp/TotalAmt0884235
IRS990/OtherExpensesGrp/TotalAmt112039
IRS990/OtherExpensesGrp/TotalAmt23015
IRS990/OtherLiabilitiesGrp/BOYAmt05893482
IRS990/OtherLiabilitiesGrp/EOYAmt05921574
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt080123
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt080123
IRS990/OtherRevenueTotalAmt080123
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID J AUBREY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0HOMECOMING AND CAMPUS
IRS990/ProgramServiceRevenueGrp/Desc1BAYOU/RED RIVER CLASSI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0320665
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0320665
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128820
IRS990/ProgSrvcAccomActy2Grp/Desc0BAYOU CLASSIC AND RED RIVER CLASSIC: INTERCOLLEGIATE FOOTBALL GAME THAT COMMEMORATES HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, ACADEMIC ACHIEVEMENT, TRADITION, SPORTMANSHIP, MARCHING BANDS, SPIRIT GROUPS, AND FRIENDLY ATHLETIC COMPETITION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012039
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0404908
IRS990/ProgSrvcAccomActy3Grp/Desc0ROAR IS AN ORIENTATION PROGRAM DESIGNED TO HELP NEW STUDENTS MAKE A SMOOTH TRANSITION FROM HIGH SCHOOL TO COLLEGE LIFE AT GRAMBLING STATE UNIVERSITY.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt024700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01365072
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01948389
IRS990/PYInvestmentIncomeAmt020692
IRS990/PYOtherExpensesAmt0977336
IRS990/PYOtherRevenueAmt056315
IRS990/PYProgramServiceRevenueAmt01761044
IRS990/PYRevenuesLessExpensesAmt0277398
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02925725
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03203123
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0547967
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04725749
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04795173
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01280682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01365072
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01293132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01039255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0577009
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05555150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037879
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020692
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt019099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018386
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0119158
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02504126
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt080123
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt056315
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt044825
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0117764
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt059521
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0358548
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80670
IRS990ScheduleA/PublicSupportPY170Pct00.92630
IRS990ScheduleA/PublicSupportTotal170Amt04866617
IRS990ScheduleA/SubstantialContributorsTotAmt0688533
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01280682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01365072
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01293132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01039255
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0577009
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05555150
IRS990ScheduleA/TotalSupportAmt06032856
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt042612
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03333711
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0860865
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03405111
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt033300
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0780153
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt042102
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01129721
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt03106070
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03333711
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0878583
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt036409
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01066527
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0732
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01129721
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt086646
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012225
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt034293
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0971410
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02701
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01066527
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0116602
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010107
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt090040
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0899543
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt031735
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0971410
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0114150
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016022
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt021606
IRS990ScheduleD/DonatedServicesUseFcltsAmt021606
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt021606
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01200202
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04285554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11636020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GRAMBLING STATE UNIVERSITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STADIUM PROJECT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0391283
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SECURITIES HELD WITH ARGENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.66000
IRS990ScheduleD/RevenueNotReportedAmt021606
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01748169
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVED A COLLECTION OF ABORIGINAL INDEGENOUS ART FROM AN INDEPENDENT DONOR DURING THE YEAR ENDED JUNE 30, 2008. THE COLLECTION WAS APPRAISED BY AN INDEPENDENT THIRD PARTY APPRAISAL FIRM AT APPROXIMATELY $318,000 AT THE TIME OF DONATION. IN ACCORDANCE WITH FASB ASC #958, NOT-FOR-PROFIT ENTITIES", THE FOUNDATION DOES NOT CAPITALIZE THE COLLECTION OF ARTWORK IN ITS FINANCIAL STATEMENTS AS IT IS HELD FOR PUBLIC EXHIBITION, EDUCATION, OR RESEARCH IN FURTHERANCE OF PUBLIC SERVICE RATHER THAN FINANCIAL GAIN. IT IS THE POLICY OF THE FOUNDATION THAT PROCEEDS FROM THE SALE OF ANY COLLECTION ITEMS ARE TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS, AND NO ADDITIONAL ITEMS WERE PURCHASED FOR OR REMOVED FROM THE COLLECTION IN FISCAL YEAR ENDED JUNE 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS, BUT THE FOUNDATION IS REQUIRED TO FILE AN ANNUAL INFORMATION RETURN. HOWEVER, SHOULD THE FOUNDATION ENGAGE IN ACTIVITIES UNRELATED TO ITS EXEMPT PURPOSE, TAXABLE INCOME COULD RESULT. THE FOUNDATION HAD NO MATERIAL UNRELATED BUSINESS INCOME FOR THE FISCAL YEAR AUDITED. THE FOUNDATION HAS ELECTED TO ADOPT THE PROVISIONS OF FASB INTERPRETATION #48, "ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES." THE FOUNDATION HAS NOT ADOPTED ANY UNCERTAIN TAX POSITIONS WITH RESPECT TO THOSE AMOUNTS REPORTED IN THE FINANCIAL STATEMENTS. THE FOUNDATION FILES A FEDERAL FORM 990 RETURN FOR INFORMATION PURPOSES. THE RETURNS FOR THE INCOME TAX YEARS 2016 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 1A:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.34000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0391283
IRS990ScheduleD/TotalExpensesPerForm990Amt01200202
IRS990ScheduleD/TotalLiabilityAmt05921574
IRS990ScheduleD/TotalRevenuePerForm990Amt01748169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01769775
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01221808
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt067899
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS OF THE UNIVERSITY.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt074
IRS990ScheduleI/RecipientTable/CashGrantAmt0141580
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GSU STADIUM PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GRAMBLING STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0726000751
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0403 MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAMBLING
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0LA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd071245
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$5.44$7.34$5.40$2.79$2.61
2023Detailed filing. Detailed filing data is available for this year.$11.2$6.40$4.81$3.30$2.04$1.25
2022Detailed filing. Detailed filing data is available for this year.$9.17$5.60$3.57$2.90$0.88$2.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.11$6.56$1.55$2.07$1.68$0.40
2020Detailed filing. Detailed filing data is available for this year.$7.07$5.92$1.15$1.75$1.20$0.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.67$6.07$0.60$3.20$2.93$0.28
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.56$6.24$0.32$1.47$3.16$1.69
2017Detailed filing. Detailed filing data is available for this year.$6.34$4.33$2.02$1.27$1.10$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.94$4.11$1.84$0.84$0.61$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$3.98$1.61$0.65$0.26$0.39
2014Detailed filing. Detailed filing data is available for this year.$5.22$4.00$1.22$0.60$0.64$0.04
2013Summary only. Only limited summary data is available for this year.$4.93$3.68$1.25$0.45$0.24$0.21
Peer Organizations

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