Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2013 • EIN 14-6036390

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 29, 2014

Organization Profilewww.glensfallsfoundation.org
TD Bank-FidTax Dept 111 Main Street05401

(518) 761-7350

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

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

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

64th percentile

0.00x

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

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Net Margin

89th percentile

78%

Higher net margin than 89% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

76th percentile

$50,687

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2013 filings • NTEE T • $10M-$25M nonprofits • Source year 2013

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

65th percentile

36%

Faster revenue growth than 65% of similar nonprofits.

2013 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$15,140,899

Up $1,805,751 (+14%) from 2012

Net Assets

Up

$15,140,899

Up $1,805,751 (+14%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin89th percentile

Revenue

$2,329,081

No earlier filing loaded for comparison.

Expenses

Up

$523,330

Up $92,178 (+21%) from 2012

Net Income

$1,805,751

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$30M$20M$10M$0Assets 2010: $12,623,261Liabilities 2010: $0Net Assets 2010: $12,623,2612010Assets 2011: $13,336,425Liabilities 2011: $0Net Assets 2011: $13,336,4252011Assets 2012: $13,335,148Liabilities 2012: $0Net Assets 2012: $13,335,1482012Assets 2013: $15,140,899Liabilities 2013: $0Net Assets 2013: $15,140,8992013Assets 2014: $15,753,598Liabilities 2014: $0Net Assets 2014: $15,753,5982014Assets 2015: $15,935,100Liabilities 2015: $0Net Assets 2015: $15,935,1002015Assets 2016: $15,623,630Liabilities 2016: $0Net Assets 2016: $15,623,6302016Assets 2017: $19,215,665Liabilities 2017: $0Net Assets 2017: $19,215,6652017Assets 2018: $17,945,258Liabilities 2018: $0Net Assets 2018: $17,945,2582018Assets 2019: $20,271,623Liabilities 2019: $0Net Assets 2019: $20,271,6232019Assets 2020: $21,813,061Liabilities 2020: $0Net Assets 2020: $21,813,0612020Assets 2021: $25,044,685Liabilities 2021: $0Net Assets 2021: $25,044,6852021Assets 2022: $20,931,962Liabilities 2022: $0Net Assets 2022: $20,931,9622022Assets 2023: $23,563,753Liabilities 2023: $0Net Assets 2023: $23,563,7532023Assets 2024: $25,860,803Liabilities 2024: $0Net Assets 2024: $25,860,8032024

Highlighted filing

2013

Assets$15,140,899
Liabilities$0
Net Assets$15,140,899
Open 2013 Filing

Operations Trend

Revenue Growth65th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $638,9632010Revenue 2011: $1,252,859Expenses 2011: $539,695Net Income 2011: $713,1642011Expenses 2012: $431,1522012Revenue 2013: $2,329,081Expenses 2013: $523,330Net Income 2013: $1,805,7512013Revenue 2014: $1,182,134Expenses 2014: $569,435Net Income 2014: $612,6992014Revenue 2015: $691,620Expenses 2015: $510,118Net Income 2015: $181,5022015Revenue 2016: $227,158Expenses 2016: $538,628Net Income 2016: -$311,4702016Revenue 2017: $1,101,236Expenses 2017: $547,010Net Income 2017: $554,2262017Revenue 2018: $1,632,683Expenses 2018: $597,553Net Income 2018: $1,035,1302018Revenue 2019: $3,596,576Expenses 2019: $537,941Net Income 2019: $3,058,6352019Revenue 2020: $513,566Expenses 2020: $878,278Net Income 2020: -$364,7122020Revenue 2021: $2,010,467Expenses 2021: $755,558Net Income 2021: $1,254,9092021Revenue 2022: $580,040Expenses 2022: $936,750Net Income 2022: -$356,7102022Revenue 2023: $1,198,350Expenses 2023: $1,138,329Net Income 2023: $60,0212023Revenue 2024: $1,126,396Expenses 2024: $995,522Net Income 2024: $130,8742024

Highlighted filing

2013

Revenue$2,329,081
Expenses$523,330
Net Income$1,805,751
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 29, 2014
Return Version
2013v3.1
Gross Receipts
$11,617,250
Mission and Program Overview

Mission

To improve the quality of life for the people of the Greater Glens Falls area through grants to non-profit organizations and donor-directed scholarships for area students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,748,076$14,635,054▲ $1,886,978
Savings and Temporary Cash Investments$587,072$505,845▼ $81,227
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$13,335,148$15,140,899▲ $1,805,751
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$12,983,009$14,772,390▲ $1,789,381
Permanently Rstr Net Assets$336,164$348,891▲ $12,727
Temporarily Rstr Net Assets$15,975$19,618▲ $3,643
Total Net Assets Fund Balance$13,335,148$15,140,899▲ $1,805,751
Total Liabilities and Net Assets / Fund Balance$13,335,148$15,140,899▲ $1,805,751

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,412,960$800▲ $72,304-$1,394,265
2012$1,364,481$1,125▲ $101,754-$1,412,960
2011$1,482,896$11,158▼ $78,755-$1,364,481
2010$1,398,907$21,782▲ $131,746-$1,482,896
2009$1,249,276$9,274▲ $313,945-$1,398,907
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleBaseTotal
Shawn W Howard TD BankTrustee$50,687$50,687

Board Members and Trustees

NameTitle
Mrs Donna PerkettChairman
Mark BehanVice-Chairman
Dr Kathryn O'KeeffeDirector
Dr Stacey MandelbaumDirector
Mr Paul McPhillipsDirector
Mrs Cheryl HoganDirector
Ms Elizabeth Barton-NavitskyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$29,832
Program Service Revenue
$0
Investment Income
$2,299,249
Other Revenue
$0
All Other Contributions
$29,832
Change in Net Assets
$1,805,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,329,081
Total Revenue per Audited Statements
$2,329,081
Total Revenue per Form 990
$2,329,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$430,673
Salaries, Compensation, and Employee Benefits$50,687
Other Expenses$41,970
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$283,448--$283,448
Grants to Domestic Individuals$147,225--$147,225
Current Officers, Directors, Trustees, and Key Employees-$50,687-$50,687
Fees for Services Management-$26,000-$26,000
Fees for Services Accounting-$9,475-$9,475
Fees for Services Legal-$3,683-$3,683
Insurance-$1,947-$1,947
Other Expenses-$740-$740
Fees for Services Other-$125-$125
Total Functional Expenses$430,673$92,657$0$523,330

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$523,330
Total Expenses per Audited Statements$523,330
Total Expenses per Form 990$523,330
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
13-1930701-501(c)(3)General Grant to Organization$65,000
14-1649371-501(c)(3)General Grant to Organization$53,379
14-1338413-501(c)(3)General Grant to Organization$23,516
--501(c)(3)General Grant to Organization$20,000
22-2212538-501(c)(3)General Grant to Organization$12,000
22-2565313-501(c)(3)General Grant to Organization$10,000
14-1586030-501(c)(3)General Grant to Organization$8,052
14-1338405-501(c)(3)General Grant to Organization$6,104
26-1378425-501(c)(3)General Grant to Organization$6,000
22-2902944-501(c)(3)General Grant to Organization$6,000
22-3787718-501(c)(3)General Grant to Organization$6,000
14-1495700-501(c)(3)General Grant to Organization$6,000
14-1338381-501(c)(3)General Grant to Organization$5,456
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“D. Michael Niles the financial administrator to the foundation as well as TD Bank the trustee, receive a draft copy of the 990 which they review and compare to the audited financial statements and corresponding schedules with the distribution committee. Any changes are forwarded to the accountant and verified as corrected. A final approval is made by the distribution committee before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“ANNUAL CONFLICT of interest statements are signed annually by the distribution committee and reviwed by the Administrator.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon Request”

Filing and Contact Details

Filer

EIN
14-6036390
Phone
5187617350

Signing Officer

Name
TD Bank
Title
Trustee
Signed
2014-09-29
Discuss with paid preparer
Yes

Organization Details

Formed
1939
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
0

Preparer

Preparer
Colin D Combs CPA
Phone
5187920918
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Permanently restricted net assets consist of endowment fund investments to be held indefinitely, the income from which is expendable to support scholarship and aid to the needy program services, and public library operations.”

Part X : FIN48 Footnote

“The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code as evidenced by an exemption letter dated July 1944. The Foundation is also exempt from New York State income and sales taxes.As of December 31, 2013, the tax years that remain subject to examination by taxing authorities begin with 2010.”

Raw XML AppendixShowing 400 of 593 raw XML fields

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/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing and Publications
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0740
IRS990/OtherExpensesGrp/TotalAmt0740
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0336164
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0348891
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessAddress/BusinessNameLine10TD Bank
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR HIGH SCHOOL AND COLLEGE STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0147225
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0147225
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt011725
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0345089
IRS990/PYInvestmentIncomeAmt0418150
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt038018
IRS990/PYRevenuesLessExpensesAmt0-1277
IRS990/PYSalariesCompEmpBnftPaidAmt048045
IRS990/PYTotalExpensesAmt0431152
IRS990/PYTotalRevenueAmt0429875
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01805751
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0587072
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0505845
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0The organization has been notified by the Internal Revenue Service that it has been grandfathered from the requirement to meet the public support test.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0Additional Supplemental Information - Support Schedule
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt029832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt042628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt048525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0555507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0688217
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0467711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0395036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0369000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0406691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0389226
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02027664
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0387
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07916
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0710
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05260
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014563
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.24930
IRS990ScheduleA/PublicSupportPY170Pct00.25870
IRS990ScheduleA/PublicSupportTotal170Amt0680835
IRS990ScheduleA/SubstantialContributorsTotAmt07382
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt029832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt042628
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0555507
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0688217
IRS990ScheduleA/TotalSupportAmt02730444
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.74000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt03156
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01412960
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0800
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01394265
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt088642
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt072304
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt08281
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01364481
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01412960
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt046119
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101754
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt012735
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01482896
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt011158
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01364481
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt038083
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-78755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt017712
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01398907
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt021782
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01482896
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt051827
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0131746
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07728
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01249276
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt09274
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01398907
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0165860
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0313945
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0523330
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.25000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt02329081
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Permanently restricted net assets consist of endowment fund investments to be held indefinitely, the income from which is expendable to support scholarship and aid to the needy program services, and public library operations.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code as evidenced by an exemption letter dated July 1944. The Foundation is also exempt from New York State income and sales taxes.As of December 31, 2013, the tax years that remain subject to examination by taxing authorities begin with 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.01000
IRS990ScheduleD/TotalExpensesPerForm990Amt0523330
IRS990ScheduleD/TotalRevenuePerForm990Amt02329081
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02329081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0523330
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0147225
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt085
IRS990ScheduleI/RecipientTable/CashGrantAmt06000
IRS990ScheduleI/RecipientTable/CashGrantAmt15456
IRS990ScheduleI/RecipientTable/CashGrantAmt265000
IRS990ScheduleI/RecipientTable/CashGrantAmt36104
IRS990ScheduleI/RecipientTable/CashGrantAmt48052
IRS990ScheduleI/RecipientTable/CashGrantAmt523516
IRS990ScheduleI/RecipientTable/CashGrantAmt66000
IRS990ScheduleI/RecipientTable/CashGrantAmt76000
IRS990ScheduleI/RecipientTable/CashGrantAmt86000
IRS990ScheduleI/RecipientTable/CashGrantAmt953379
IRS990ScheduleI/RecipientTable/CashGrantAmt1010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1112000
IRS990ScheduleI/RecipientTable/CashGrantAmt1220000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(c)(3)

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,140,899
Liabilities
$0
Net assets
$15,140,899
Revenue
$2,329,081
Expenses
$523,330
Net income
$1,805,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.9$0.00$25.9$1.13$1.00$0.13
2023Detailed filing. Detailed filing data is available for this year.$23.6$0.00$23.6$1.20$1.14$0.06
2022Detailed filing. Detailed filing data is available for this year.$20.9$0.00$20.9$0.58$0.94$0.36
2021Detailed filing. Detailed filing data is available for this year.$25.0$0.00$25.0$2.01$0.76$1.25
2020Detailed filing. Detailed filing data is available for this year.$21.8$0.00$21.8$0.51$0.88$0.36
2019Detailed filing. Detailed filing data is available for this year.$20.3$0.00$20.3$3.60$0.54$3.06
2018Detailed filing. Detailed filing data is available for this year.$17.9$0.00$17.9$1.63$0.60$1.04
2017Detailed filing. Detailed filing data is available for this year.$19.2$0.00$19.2$1.10$0.55$0.55
2016Detailed filing. Detailed filing data is available for this year.$15.6$0.00$15.6$0.23$0.54$0.31
2015Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$0.69$0.51$0.18
2014Detailed filing. Detailed filing data is available for this year.$15.8$0.00$15.8$1.18$0.57$0.61
2013Detailed filing. Detailed filing data is available for this year.$15.1$0.00$15.1$2.33$0.52$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$0.00$13.3$0.43
2011Summary only. Only limited summary data is available for this year.$13.3$0.00$13.3$1.25$0.54$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$0.00$12.6$0.64