Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2018 • EIN 14-6036390

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 31, 2019

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

59th percentile

0.00x

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

2018 filings • NTEE T • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.00x

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

2018 filings • NTEE T • $10M-$25M nonprofits • Source year 2018

Net Margin

79th percentile

63%

Higher net margin than 79% of similar nonprofits.

2018 filings • NTEE T • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$75,568

Higher top officer pay than 74% of similar nonprofits.

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

2018 filings • NTEE T • $10M-$25M nonprofits • Source year 2018

Asset Growth

17th percentile

-6.6%

Faster asset growth than 17% of similar nonprofits.

2018 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

48%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$17,945,258

Down $1,270,407 (-6.6%) from 2017

Net Assets

Down

$17,945,258

Down $1,270,407 (-6.6%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin79th percentile

Revenue

Up

$1,632,683

Up $531,447 (+48%) from 2017

Expenses

Up

$597,553

Up $50,543 (+9.2%) from 2017

Net Income

Up

$1,035,130

Up $480,904 (+87%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2018

Assets$17,945,258
Liabilities$0
Net Assets$17,945,258
Open 2018 Filing

Operations Trend

Revenue Growth72nd 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

2018

Revenue$1,632,683
Expenses$597,553
Net Income$1,035,130
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 31, 2019
Return Version
2018v3.1
Gross Receipts
$5,284,641
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$18,393,006$16,762,101▼ $1,630,905
Savings and Temporary Cash Investments$744,198$1,111,563▲ $367,365
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$19,215,665$17,945,258▼ $1,270,407
Other Assets Total$78,461$71,594▼ $6,867
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$391,572$11,725,408▲ $11,333,836
Unrestricted Net Assets$18,330,346$6,219,850▼ $12,110,496
Temporarily Rstr Net Assets$493,747--
Total Net Assets Fund Balance$19,215,665$17,945,258▼ $1,270,407
Total Liabilities and Net Assets / Fund Balance$19,215,665$17,945,258▼ $1,270,407

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$16,923,076$36,619▼ $578,018-$15,723,635
2017$15,236,138$123,957▲ $2,055,801-$16,923,076
2016$13,644,507$78,463▲ $2,055,802-$15,236,138
2015$12,219,145$70,266▲ $1,841,044-$13,644,507
2014$10,942,682$62,926▲ $1,648,721-$12,219,145
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleBaseTotal
TD Bank Wealth ManagementTrustee$75,568$75,568

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
$36,619
Program Service Revenue
$0
Investment Income
$1,596,064
Other Revenue
$0
All Other Contributions
$36,619
Change in Net Assets
$1,035,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,557,115
Revenue Not Reported on Financial Statements
$75,568
Revenue Not Reported on Form 990
$-2,305,537
Other Revenue Adjustments
$75,568
Total Revenue per Audited Statements
$-748,422
Total Revenue per Form 990
$1,632,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$472,458
Salaries, Compensation, and Employee Benefits$75,568
Other Expenses$49,527
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$303,632--$303,632
Grants to Domestic Individuals$168,826--$168,826
Current Officers, Directors, Trustees, and Key Employees-$75,568-$75,568
Fees for Services Management-$33,000-$33,000
Fees for Services Accounting-$10,950-$10,950
Insurance-$1,622-$1,622
Fees for Services Legal-$1,480-$1,480
Fees for Services Other-$775-$775
Other Expenses-$565-$565
Total Functional Expenses$472,458$125,095$0$597,553

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$597,553
Expenses per Audited Statements$521,985
Total Expenses per Audited Statements$521,985
Expenses Not Reported on Financial Statements$75,568
Other Expense Adjustments$75,568
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Regional Food Bank of NENYLatham, NY--$35,267
Glens Falls HospitalGlens Falls, NY-General Grant to Organization$33,630
Hyde CollectionGlens Falls, NY-General Grant to Organization$25,625
The Open Door Servants of WoGlens Falls, NY--$17,543
US Championship Rodeo FundQueensbury, NY--$16,000
Hudson View CemeteryMechanicvill, NY-General Grant to Organization$10,372
Big Brothers Big Sisters of tGlens Falls, NY-General Grant to Organization$10,000
Habitat for HumanityGlens Falls, NY-General Grant to Organization$10,000
Operation Santa ClausHudson Falls, NY-General Grant to Organization$10,000
SUNY Adirondack FoundationQueensbury, NY--$10,000
Support-Link IncQueensbury, NY--$10,000
First Presbyterian ChurchGlens Falls, NY-General Grant to Organization$9,192
Queensbury Senior Citizen CenQueensbury, NY-General Grant to Organization$8,903
Family Service AssociationGlens Falls, NY-General Grant to Organization$8,579
Glens Falls Symphony OrchestrGlens Falls, NY-General Grant to Organization$8,500
Crandall LibraryGlens Falls, NY-General Grant to Organization$8,243
Gansevoort CemeteryGansevoort, NY-General Grant to Organization$7,948
Juckett ParkHudson Falls, NY-General Grant to Organization$6,493
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
2019-07-31
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

Endowment Funds Restated

“The endowment funds on schedule D, Part 5, have been restated to reflect funds that were recently classified as endowment funds this year that should have been classified as such in the past. The endowment funds are also restated to reflect the fair market value, as the prior year return reflected the cost basis.”

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

“In accordance with generally accepted accounting principles, the Foundation accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2018, the Foundation believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2018, the tax years that remain subject to examination by taxing authorities begin with 2015.”

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

“Officer Compensation $75568”

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

“Officer Compensation $75568”

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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/LegalDomicileStateCd0NY
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IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/NetAssetsOrFundBalancesBOYAmt019215665
IRS990/NetAssetsOrFundBalancesEOYAmt017945258
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01094368
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01094368
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-2305537
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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt078461
IRS990/OtherAssetsTotalGrp/EOYAmt071594
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Website & Misc
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1565
IRS990/OtherExpensesGrp/TotalAmt01135
IRS990/OtherExpensesGrp/TotalAmt1565
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/BOYAmt0391572
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt011725408
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Mrs Donna Perkett
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR HIGH SCHOOL AND COLLEGE STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0168826
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0168826
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0123957
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0437533
IRS990/PYInvestmentIncomeAmt0902334
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt046524
IRS990/PYOtherRevenueAmt074945
IRS990/PYRevenuesLessExpensesAmt0554226
IRS990/PYSalariesCompEmpBnftPaidAmt062953
IRS990/PYTotalExpensesAmt0547010
IRS990/PYTotalRevenueAmt01101236
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01035130
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0744198
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01111563
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/CurrentTaxYearAmt036619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0123957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0361199
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0668401
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0501696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0491020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0376944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0455799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0498497
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02323956
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0814
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0814
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.10670
IRS990ScheduleA/PublicSupportPY170Pct00.10510
IRS990ScheduleA/PublicSupportTotal170Amt0319443
IRS990ScheduleA/SubstantialContributorsTotAmt0348958
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt036619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0123957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt068736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0361199
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0668401
IRS990ScheduleA/TotalSupportAmt02993171
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.39470
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0189246
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt016923076
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt036619
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt015723635
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0468796
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578018
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt094547
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt015236138
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0123957
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt016923076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0398273
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02055801
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0132465
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt013644507
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt078463
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt015236138
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0410169
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02055802
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0118627
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012219145
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt070266
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt013644507
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0367321
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01841044
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0106235
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010942682
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt062926
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012219145
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0328949
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01648721
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt075568
IRS990ScheduleD/ExpensesSubtotalAmt0521985
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2305537
IRS990ScheduleD/OtherExpensesNotIncludedAmt075568
IRS990ScheduleD/OtherRevenuesNotIncludedAmt075568
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60530
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-2305537
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt075568
IRS990ScheduleD/RevenueSubtotalAmt01557115
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/ExplanationTxt1In accordance with generally accepted accounting principles, the Foundation accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2018, the Foundation believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2018, the tax years that remain subject to examination by taxing authorities begin with 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Officer Compensation $75568
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Officer Compensation $75568
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/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0597553
IRS990ScheduleD/TotalRevenuePerForm990Amt01632683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-748422
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0521985
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0168826
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt069
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt18243
IRS990ScheduleI/RecipientTable/CashGrantAmt28579
IRS990ScheduleI/RecipientTable/CashGrantAmt39192
IRS990ScheduleI/RecipientTable/CashGrantAmt47948
IRS990ScheduleI/RecipientTable/CashGrantAmt533630
IRS990ScheduleI/RecipientTable/CashGrantAmt68500
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt810372
IRS990ScheduleI/RecipientTable/CashGrantAmt925625
IRS990ScheduleI/RecipientTable/CashGrantAmt106493
IRS990ScheduleI/RecipientTable/CashGrantAmt1110000
IRS990ScheduleI/RecipientTable/CashGrantAmt126000
IRS990ScheduleI/RecipientTable/CashGrantAmt138903
IRS990ScheduleI/RecipientTable/CashGrantAmt1435267
IRS990ScheduleI/RecipientTable/CashGrantAmt1510000
IRS990ScheduleI/RecipientTable/CashGrantAmt1610000
IRS990ScheduleI/RecipientTable/CashGrantAmt1717543
IRS990ScheduleI/RecipientTable/CashGrantAmt1816000

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,945,258
Liabilities
$0
Net assets
$17,945,258
Revenue
$1,632,683
Expenses
$597,553
Net income
$1,035,130
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