Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2014 • EIN 14-6036390

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 30, 2015

Organization Profilewww.glensfallsfoundation.org
TD Bank-FidTax Dept 111 Main StreetBurlington, VT 05401

(518) 761-7350

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

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

2014 filings • NTEE T • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.00x

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

2014 filings • NTEE T • $10M-$25M nonprofits • Source year 2014

Net Margin

70th percentile

52%

Higher net margin than 70% of similar nonprofits.

2014 filings • NTEE T • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$54,776

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2014 filings • NTEE T • $10M-$25M nonprofits • Source year 2014

Asset Growth

57th percentile

4.0%

Faster asset growth than 57% of similar nonprofits.

2014 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-49%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$15,753,598

Up $612,699 (+4.0%) from 2013

Net Assets

Up

$15,753,598

Up $612,699 (+4.0%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin70th percentile

Revenue

Down

$1,182,134

Down $1,146,947 (-49%) from 2013

Expenses

Up

$569,435

Up $46,105 (+8.8%) from 2013

Net Income

Down

$612,699

Down $1,193,052 (-66%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth57th 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

2014

Assets$15,753,598
Liabilities$0
Net Assets$15,753,598
Open 2014 Filing

Operations Trend

Revenue Growth12th 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

2014

Revenue$1,182,134
Expenses$569,435
Net Income$612,699
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 30, 2015
Return Version
2014v5.0
Gross Receipts
$4,358,315
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$14,635,054$15,281,844▲ $646,790
Savings and Temporary Cash Investments$505,845$471,754▼ $34,091
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$15,140,899$15,753,598▲ $612,699
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$14,772,390$15,022,422▲ $250,032
Temporarily Rstr Net Assets$19,618$374,748▲ $355,130
Permanently Rstr Net Assets$348,891$356,428▲ $7,537
Total Net Assets Fund Balance$15,140,899$15,753,598▲ $612,699
Total Liabilities and Net Assets / Fund Balance$15,140,899$15,753,598▲ $612,699

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,394,265$1,455▲ $62,423-$1,319,891
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
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleBaseTotal
TD Bank Wealth ManagementTrustee$54,776$54,776

Board Members and Trustees

NameTitle
Mrs Donna PerkettChairman
Mr 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
$361,199
Program Service Revenue
$0
Investment Income
$820,935
Other Revenue
$0
All Other Contributions
$361,199
Change in Net Assets
$612,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,182,134
Total Revenue per Audited Statements
$1,182,134
Total Revenue per Form 990
$1,182,134
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$433,700
Other Expenses$80,959
Salaries, Compensation, and Employee Benefits$54,776
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$286,677--$286,677
Grants to Domestic Individuals$147,023--$147,023
Current Officers, Directors, Trustees, and Key Employees-$54,776-$54,776
Fees for Services Management-$26,000-$26,000
Fees for Services Accounting-$9,725-$9,725
Fees for Service Investment Mgmnt Fees-$4,722-$4,722
Insurance-$1,622-$1,622
Fees for Services Other-$1,550-$1,550
Other Expenses-$370-$370
Total Functional Expenses$433,700$135,735$0$569,435

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$569,435
Total Expenses per Audited Statements$569,435
Total Expenses per Form 990$569,435
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Queensbury Senior Citizen CenQueensbury, NY-General Grant to Organization$81,757
Glens Falls HospitalGlens Falls, NY-General Grant to Organization$31,085
Gansevoort CemeteryGansevoort, NY-General Grant to Organization$16,674
Glens Falls Family YMCAGlens Falls, NY-General Grant to Organization$11,000
Habitat for HumanityGlens Falls, NY-General Grant to Organization$10,000
Crandall LibraryGlens Falls, NY-General Grant to Organization$8,906
Family Services AssociationGlens Falls, NY-General Grant to Organization$8,428
Charles R Wood TheaterGlens Falls, NY-General Grant to Organization$8,000
Cambridge Food PantryCambridge, NY-General Grant to Organization$7,000
Glens Falls Area Youth CenterGlens Falls, NY-General Grant to Organization$6,500
First Presbyterian ChurchGlens Falls, NY-General Grant to Organization$6,000
Prospect Child and FamilyQueensbury, NY-General Grant to Organization$6,000
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

“Conflict of interest statements are signed annually by the distribution committee and are reviewed by the Administrator.”

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

“Upon Request”

Filing and Contact Details

Filer

Filer Name
Glens Falls Foundation
EIN
14-6036390
Phone
5187617350
Address
TD Bank-FidTax Dept 111 Main Street, Burlington, VT 05401

Signing Officer

Name
TD Bank
Title
Trustee
Signed
2015-10-30
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Whittemore Dowen & Ricciardelli Llp
Address
333 AVIATION RD BLDG B, QUEENSBURY, NY 12804-2915
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, 2014, the tax years that remain subject to examination by taxing authorities begin with 2011.”

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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Cost Amortization
IRS990/OtherExpensesGrp/Desc1Printing and Publications
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036970
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1370
IRS990/OtherExpensesGrp/TotalAmt036970
IRS990/OtherExpensesGrp/TotalAmt1370
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/BOYAmt0348891
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0356428
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0TD Bank
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR HIGH SCHOOL AND COLLEGE STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0147023
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0147023
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt029832
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0430673
IRS990/PYInvestmentIncomeAmt02299249
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt041970
IRS990/PYRevenuesLessExpensesAmt01805751
IRS990/PYSalariesCompEmpBnftPaidAmt050687
IRS990/PYTotalExpensesAmt0523330
IRS990/PYTotalRevenueAmt02329081
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0612699
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0505845
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0471754
IRS990ScheduleA/Form990ScheduleAPartVIGrp/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/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0361199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt011725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt042628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt048525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0493909
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0498497
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0467711
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0395036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0369000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0406691
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02136935
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0814
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0387
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt07916
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0710
IRS990ScheduleA/OtherIncome170Grp/TotalAmt010117
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.07450
IRS990ScheduleA/PublicSupportPY170Pct00.24930
IRS990ScheduleA/PublicSupportTotal170Amt0196728
IRS990ScheduleA/SubstantialContributorsTotAmt0297181
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestPYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0361199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt029832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt011725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt042628
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt048525
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0493909
IRS990ScheduleA/TotalSupportAmt02640961
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/BoardDesignatedBalanceEOYPct00.45000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt011990
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01394265
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01455
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01319891
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0126262
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt062423
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01412960
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01394265
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt088642
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072304
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt08281
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01364481
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01125
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01412960
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt046119
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101754
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012735
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01482896
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt011158
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01364481
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt038083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-78755
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt017712
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01398907
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt021782
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01482896
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt051827
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0131746
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0569435
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.27000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueSubtotalAmt01182134
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, 2014, the tax years that remain subject to examination by taxing authorities begin with 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.28000
IRS990ScheduleD/TotalExpensesPerForm990Amt0569435
IRS990ScheduleD/TotalRevenuePerForm990Amt01182134
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01182134
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0569435
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0147023
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt060
IRS990ScheduleI/RecipientTable/CashGrantAmt07000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt28906
IRS990ScheduleI/RecipientTable/CashGrantAmt38428
IRS990ScheduleI/RecipientTable/CashGrantAmt46000
IRS990ScheduleI/RecipientTable/CashGrantAmt516674
IRS990ScheduleI/RecipientTable/CashGrantAmt66500
IRS990ScheduleI/RecipientTable/CashGrantAmt711000
IRS990ScheduleI/RecipientTable/CashGrantAmt831085
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt106000
IRS990ScheduleI/RecipientTable/CashGrantAmt1181757
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,753,598
Liabilities
$0
Net assets
$15,753,598
Revenue
$1,182,134
Expenses
$569,435
Net income
$612,699
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