Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2017 • EIN 14-6036390

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 14, 2018

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

(518) 926-8372

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2017 filings • NTEE T • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.00x

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

2017 filings • NTEE T • $10M-$25M nonprofits • Source year 2017

Net Margin

66th percentile

50%

Higher net margin than 66% of similar nonprofits.

2017 filings • NTEE T • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$62,953

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2017 filings • NTEE T • $10M-$25M nonprofits • Source year 2017

Asset Growth

81st percentile

23%

Faster asset growth than 81% of similar nonprofits.

2017 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

385%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$19,215,665

Up $3,592,035 (+23%) from 2016

Net Assets

Up

$19,215,665

Up $3,592,035 (+23%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin66th percentile

Revenue

Up

$1,101,236

Up $874,078 (+385%) from 2016

Expenses

Up

$547,010

Up $8,382 (+1.6%) from 2016

Net Income

Up

$554,226

Up $865,696 (+278%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2017

Assets$19,215,665
Liabilities$0
Net Assets$19,215,665
Open 2017 Filing

Operations Trend

Revenue Growth88th 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

2017

Revenue$1,101,236
Expenses$547,010
Net Income$554,226
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 14, 2018
Return Version
2017v2.2
Gross Receipts
$3,442,338
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$14,514,207$18,393,006▲ $3,878,799
Savings and Temporary Cash Investments$1,109,423$744,198▼ $365,225
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$15,623,630$19,215,665▲ $3,592,035
Other Assets Total-$78,461-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$14,758,851$18,330,346▲ $3,571,495
Temporarily Rstr Net Assets$487,680$493,747▲ $6,067
Permanently Rstr Net Assets$377,099$391,572▲ $14,473
Total Net Assets Fund Balance$15,623,630$19,215,665▲ $3,592,035
Total Liabilities and Net Assets / Fund Balance$15,623,630$19,215,665▲ $3,592,035

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,266,426-▲ $62,872-$1,273,603
2016$1,274,047-▲ $59,643-$1,266,426
2015$1,319,891-▲ $61,135-$1,274,047
2014$1,394,265$1,455▲ $62,423-$1,319,891
2013$1,412,960$800▲ $72,304-$1,394,265
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleBaseTotal
TD Bank Wealth ManagementTrustee$62,953$62,953

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
$123,957
Program Service Revenue
$0
Investment Income
$902,334
Other Revenue
$74,945
All Other Contributions
$123,957
Change in Net Assets
$554,226

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,026,291
Revenue Not Reported on Financial Statements
$74,945
Revenue Not Reported on Form 990
$1,501,472
Other Revenue Adjustments
$74,945
Total Revenue per Audited Statements
$2,527,763
Total Revenue per Form 990
$1,101,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$437,533
Salaries, Compensation, and Employee Benefits$62,953
Other Expenses$46,524
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$307,500--$307,500
Grants to Domestic Individuals$130,033--$130,033
Current Officers, Directors, Trustees, and Key Employees-$62,953-$62,953
Fees for Services Management-$33,000-$33,000
Fees for Services Accounting-$10,400-$10,400
Insurance-$1,622-$1,622
Fees for Services Other-$775-$775
Other Expenses-$158-$158
Total Functional Expenses$437,533$109,477$0$547,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$547,010
Total Expenses per Audited Statements$547,010
Total Expenses per Form 990$547,010
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Open Door Servants of WoGlens Falls, NY-General Grant to Organization$60,000
Glens Falls HospitalGlens Falls, NY-General Grant to Organization$34,061
Juckett ParkHudson Falls, NY-General Grant to Organization$24,912
North Country MinistryNorth Creek, NY-General Grant to Organization$20,000
Family Service AssociationGlens Falls, NY-General Grant to Organization$18,000
Hudson View CemeteryMechanicville, NY-General Grant to Organization$10,267
Adirondack Community CollegeFQueensbury, NY-General Grant to Organization$10,000
Glens Falls Area Youth CenterGlens Falls, NY-General Grant to Organization$10,000
Glens Falls Queensbury HistorGlens Falls, NY-General Grant to Organization$8,949
Gansevoort CemeteryGansevoort, NY-General Grant to Organization$7,766
Queensbury Senior Citizen CenQueensbury, NY-General Grant to Organization$7,303
Crandall LibraryGlens Falls, NY-General Grant to Organization$7,218
Adirondack Theater FestivalGlens 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
5189268372
Address
TD Bank-FidTax Dept 111 Main Street, Burlington, VT 05401

Signing Officer

Name
TD Bank
Title
Trustee
Signed
2018-08-14
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

Additional Explanations

Change in Accounting Method

“In previous years, the Foundation prepared its financial statements and 990 using the cash basis of accounting. Effective January 1, 2017, the Foundation adopted the accrual basis of accounting for financial statement reporting as well as the basis for preparing the 990. The result of the change in accounting method is reflected as a section 481 adjustment of $74,945 and a prior period adjustment on the 990, in the amount of $1,536,337. These amounts represent the cumulative adjustment to report investments at fair market value and accrued income receivable.”

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, 2017, the tax years that remain subject to examination by taxing authorities begin with 2014.”

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Sec 481 Adjustment $74945”

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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/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt015623630
IRS990/NetAssetsOrFundBalancesEOYAmt019215665
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0411314
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0411314
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01501472
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt078461
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Website & Misc
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0569
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1158
IRS990/OtherExpensesGrp/TotalAmt0569
IRS990/OtherExpensesGrp/TotalAmt1158
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Section 481 Adjustment
IRS990/OtherRevenueMiscGrp/ExclusionAmt074945
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074945
IRS990/OtherRevenueTotalAmt074945
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0377099
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0391572
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Mrs Donna Perkett
IRS990/PriorPeriodAdjustmentsAmt01536337
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR HIGH SCHOOL AND COLLEGE STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0130033
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0130033
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt077890
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0443547
IRS990/PYInvestmentIncomeAmt0149268
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt043646
IRS990/PYRevenuesLessExpensesAmt0-311470
IRS990/PYSalariesCompEmpBnftPaidAmt051435
IRS990/PYTotalExpensesAmt0538628
IRS990/PYTotalRevenueAmt0227158
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0554226
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01109423
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0744198
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/CurrentTaxYearAmt0123957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt077890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt068736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0361199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt029832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0661614
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0491020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0376944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0455799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0498497
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0467711
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02289971
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0814
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0387
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01201
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.10510
IRS990ScheduleA/PublicSupportPY170Pct00.07000
IRS990ScheduleA/PublicSupportTotal170Amt0310235
IRS990ScheduleA/SubstantialContributorsTotAmt0351379
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0123957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt077890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt068736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0361199
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt029832
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0661614
IRS990ScheduleA/TotalSupportAmt02952786
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.30000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt05222
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01266426
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01273603
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt050473
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt062872
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt08275
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01274047
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01266426
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt058989
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt059643
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt022393
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01319891
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01274047
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt084586
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061135
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt011990
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01394265
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01455
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01319891
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0126262
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt062423
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt03156
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01412960
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0800
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01394265
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt088642
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt072304
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0547010
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01501472
IRS990ScheduleD/OtherRevenuesNotIncludedAmt074945
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.31000
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt01501472
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt074945
IRS990ScheduleD/RevenueSubtotalAmt01026291
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, 2017, the tax years that remain subject to examination by taxing authorities begin with 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Sec 481 Adjustment $74945
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.39000
IRS990ScheduleD/TotalExpensesPerForm990Amt0547010
IRS990ScheduleD/TotalRevenuePerForm990Amt01101236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02527763
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0547010
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0130033
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt061
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt16500
IRS990ScheduleI/RecipientTable/CashGrantAmt27218
IRS990ScheduleI/RecipientTable/CashGrantAmt318000
IRS990ScheduleI/RecipientTable/CashGrantAmt46000
IRS990ScheduleI/RecipientTable/CashGrantAmt57766
IRS990ScheduleI/RecipientTable/CashGrantAmt610000
IRS990ScheduleI/RecipientTable/CashGrantAmt734061
IRS990ScheduleI/RecipientTable/CashGrantAmt88949
IRS990ScheduleI/RecipientTable/CashGrantAmt910267
IRS990ScheduleI/RecipientTable/CashGrantAmt1024912
IRS990ScheduleI/RecipientTable/CashGrantAmt1120000
IRS990ScheduleI/RecipientTable/CashGrantAmt126000
IRS990ScheduleI/RecipientTable/CashGrantAmt137303
IRS990ScheduleI/RecipientTable/CashGrantAmt1460000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$19,215,665
Liabilities
$0
Net assets
$19,215,665
Revenue
$1,101,236
Expenses
$547,010
Net income
$554,226
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