Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2019 • EIN 14-6036390

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilewww.glensfallsfoundation.org
Glens Falls National 250 Glen StGlens Falls, NY 12801

(518) 926-8372

Siviq Scores

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

Liabilities / Assets

64th percentile

0.00x

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

2019 filings • NTEE T • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.00x

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

2019 filings • NTEE T • $10M-$25M nonprofits • Source year 2019

Net Margin

89th percentile

85%

Higher net margin than 89% of similar nonprofits.

2019 filings • NTEE T • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

73rd percentile

$64,245

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2019 filings • NTEE T • $10M-$25M nonprofits • Source year 2019

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

2019 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

120%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$20,271,623

Up $2,326,365 (+13%) from 2018

Net Assets

Up

$20,271,623

Up $2,326,365 (+13%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin89th percentile

Revenue

Up

$3,596,576

Up $1,963,893 (+120%) from 2018

Expenses

Down

$537,941

Down $59,612 (-10.0%) from 2018

Net Income

Up

$3,058,635

Up $2,023,505 (+195%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2019

Assets$20,271,623
Liabilities$0
Net Assets$20,271,623
Open 2019 Filing

Operations Trend

Revenue Growth83rd 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

2019

Revenue$3,596,576
Expenses$537,941
Net Income$3,058,635
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$19,895,096
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
Savings and Temporary Cash Investments$1,111,563$20,267,269▲ $19,155,706
Investments in Publicly Traded Securities$16,762,101$0▼ $16,762,101
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$17,945,258$20,271,623▲ $2,326,365
Other Assets Total$71,594$4,354▼ $67,240
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,725,408$13,202,432▲ $1,477,024
Net Assets Without Donor Restrictions$6,219,850$7,069,191▲ $849,341
Total Net Assets Fund Balance$17,945,258$20,271,623▲ $2,326,365
Total Liabilities and Net Assets / Fund Balance$17,945,258$20,271,623▲ $2,326,365

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$15,723,635$54,434▲ $2,510,091-$17,770,023
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
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleBaseTotal
TD Bank Wealth ManagementTrustee$64,245$64,245

Board Members and Trustees

NameTitle
Mrs Donna PerkettChairman
Mr Mark BehanVice-Chairman
Dr Howard FritzDirector
Dr Jim FuchsDirector
Dr Stacey MandelbaumDirector
Mrs Cheryl HoganDirector
Ms Elizabeth Barton-NavitskyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$54,434
Program Service Revenue
$0
Investment Income
$3,542,142
Other Revenue
$0
All Other Contributions
$54,434
Change in Net Assets
$3,058,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,532,331
Revenue Not Reported on Financial Statements
$64,245
Revenue Not Reported on Form 990
$-732,270
Other Revenue Adjustments
$64,245
Total Revenue per Audited Statements
$2,800,061
Total Revenue per Form 990
$3,596,576
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$425,625
Salaries, Compensation, and Employee Benefits$64,245
Other Expenses$48,071
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$277,914--$277,914
Grants to Domestic Individuals$147,711--$147,711
Current Officers, Directors, Trustees, and Key Employees-$64,245-$64,245
Fees for Services Management-$33,000-$33,000
Fees for Services Accounting-$11,325-$11,325
Insurance-$1,622-$1,622
Fees for Services Other-$1,025-$1,025
Other Expenses-$530-$530
Total Functional Expenses$425,625$112,316$0$537,941

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$537,941
Expenses per Audited Statements$473,696
Total Expenses per Audited Statements$473,696
Expenses Not Reported on Financial Statements$64,245
Other Expense Adjustments$64,245
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glens Falls HospitalGlens Falls, NY-General Grant to Organization$27,542
The Open Door Servants of WoGlens Falls, NY-General Grant to Organization$20,000
Salvation ArmyGlens Falls, NY-General Grant to Organization$15,000
WwamhHudson Falls, NY-General Grant to Organization$15,000
Tri-County United WayQueensbury, NY-General Grant to Organization$14,966
Village of Fort Edward CanalFort Edward, NY-General Grant to Organization$12,500
Historic Salem CourthouseSalem, NY-General Grant to Organization$12,000
US Championship Rodeo FundQueensbury, NY-General Grant to Organization$12,000
First Presbyterian ChurchGlens Falls, NY-General Grant to Organization$11,100
Hudson View CemeteryMechanicvill, NY-General Grant to Organization$10,478
Gansevoort CemeteryGansevoort, NY-General Grant to Organization$10,200
Queensbury Senior Citizen CenQueensbury, NY-General Grant to Organization$10,169
Crandall Park BeautificationGlens Falls, NY-General Grant to Organization$10,000
Greater Glens Falls Senior CiGlens Falls, NY-General Grant to Organization$10,000
Family Service AssociationGlens Falls, NY-General Grant to Organization$8,463
Crandall LibraryGlens Falls, NY-General Grant to Organization$7,796
World Awareness ChildrenbGlens Falls, NY-General Grant to Organization$7,250
Prospect Child and FamilyQueensbury, NY-General Grant to Organization$6,000
Gansevoort Volunteer Fire DepGansevoort, NY-General Grant to Organization$5,100
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 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
Glens Falls National 250 Glen St, Glens Falls, NY 12801

Signing Officer

Name
GF National Bank
Title
Trustee
Signed
2020-11-13
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
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

“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 $64245”

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

“Officer Compensation $64245”

Raw XML AppendixShowing 400 of 632 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/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
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IRS990/NetAssetsOrFundBalancesEOYAmt020271623
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03111542
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/TotalAmt00
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt071594
IRS990/OtherAssetsTotalGrp/EOYAmt04354
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Website & Misc
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0569
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1530
IRS990/OtherExpensesGrp/TotalAmt0569
IRS990/OtherExpensesGrp/TotalAmt1530
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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/ExpenseAmt0147711
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0147711
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt036619
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0472458
IRS990/PYInvestmentIncomeAmt01596064
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IRS990/PYOtherExpensesAmt049527
IRS990/PYRevenuesLessExpensesAmt01035130
IRS990/PYSalariesCompEmpBnftPaidAmt075568
IRS990/PYTotalExpensesAmt0597553
IRS990/PYTotalRevenueAmt01632683
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03058635
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt01111563
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020267269
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/CurrentTaxYearAmt054434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt036619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0123957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt077890
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt068736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0361636
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0430600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0501696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0491020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0376944
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0455799
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02256059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.10810
IRS990ScheduleA/PublicSupportPY170Pct00.10670
IRS990ScheduleA/PublicSupportTotal170Amt0282851
IRS990ScheduleA/SubstantialContributorsTotAmt078785
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt036619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0123957
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077890
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068736
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0361636
IRS990ScheduleA/TotalSupportAmt02617695
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/BoardDesignatedBalanceEOYPct00.39780
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt092512
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt015723635
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt054434
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt017770023
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0425625
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02510091
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0189246
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt016923076
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt036619
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt015723635
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0468796
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578018
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt094547
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt015236138
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0123957
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt016923076
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0398273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02055801
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0132465
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt013644507
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt078463
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt015236138
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0410169
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02055802
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0118627
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012219145
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt070266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt013644507
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0367321
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01841044
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt064245
IRS990ScheduleD/ExpensesSubtotalAmt0473696
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-732270
IRS990ScheduleD/OtherExpensesNotIncludedAmt064245
IRS990ScheduleD/OtherRevenuesNotIncludedAmt064245
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60220
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-732270
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt064245
IRS990ScheduleD/RevenueSubtotalAmt03532331
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 $64245
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Officer Compensation $64245
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/TotalExpensesPerForm990Amt0537941
IRS990ScheduleD/TotalRevenuePerForm990Amt03596576
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02800061
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0473696
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0147711
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt073
IRS990ScheduleI/RecipientTable/CashGrantAmt07796
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt28463
IRS990ScheduleI/RecipientTable/CashGrantAmt311100
IRS990ScheduleI/RecipientTable/CashGrantAmt410200
IRS990ScheduleI/RecipientTable/CashGrantAmt55100
IRS990ScheduleI/RecipientTable/CashGrantAmt627542
IRS990ScheduleI/RecipientTable/CashGrantAmt710000
IRS990ScheduleI/RecipientTable/CashGrantAmt812000
IRS990ScheduleI/RecipientTable/CashGrantAmt910478
IRS990ScheduleI/RecipientTable/CashGrantAmt106000
IRS990ScheduleI/RecipientTable/CashGrantAmt1110169
IRS990ScheduleI/RecipientTable/CashGrantAmt1215000
IRS990ScheduleI/RecipientTable/CashGrantAmt1320000
IRS990ScheduleI/RecipientTable/CashGrantAmt1414966
IRS990ScheduleI/RecipientTable/CashGrantAmt1512000
IRS990ScheduleI/RecipientTable/CashGrantAmt1612500
IRS990ScheduleI/RecipientTable/CashGrantAmt177250
IRS990ScheduleI/RecipientTable/CashGrantAmt1815000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,271,623
Liabilities
$0
Net assets
$20,271,623
Revenue
$3,596,576
Expenses
$537,941
Net income
$3,058,635
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