Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2021 • EIN 14-6036390

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

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

49th percentile

0.00x

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

2021 filings • NTEE T • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.00x

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

2021 filings • NTEE T • $25M-$50M nonprofits • Source year 2021

Net Margin

69th percentile

62%

Higher net margin than 69% of similar nonprofits.

2021 filings • NTEE T • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$0

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE T • $25M-$50M nonprofits • Source year 2021

Asset Growth

63rd percentile

15%

Faster asset growth than 63% of similar nonprofits.

2021 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

291%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • NTEE T • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$25,044,685

Up $3,231,624 (+15%) from 2020

Net Assets

Up

$25,044,685

Up $3,231,624 (+15%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin69th percentile

Revenue

Up

$2,010,467

Up $1,496,901 (+291%) from 2020

Expenses

Down

$755,558

Down $122,720 (-14%) from 2020

Net Income

Up

$1,254,909

Up $1,619,621 (+444%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2021

Assets$25,044,685
Liabilities$0
Net Assets$25,044,685
Open 2021 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

2021

Revenue$2,010,467
Expenses$755,558
Net Income$1,254,909
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$5,884,866
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$19,737,592$23,688,438▲ $3,950,846
Savings and Temporary Cash Investments$2,075,469$1,356,247▼ $719,222
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$21,813,061$25,044,685▲ $3,231,624
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$14,097,148$15,639,238▲ $1,542,090
Net Assets Without Donor Restrictions$7,715,913$9,405,447▲ $1,689,534
Total Net Assets Fund Balance$21,813,061$25,044,685▲ $3,231,624
Total Liabilities and Net Assets / Fund Balance$21,813,061$25,044,685▲ $3,231,624

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$18,974,724$347,137▲ $2,478,376-$21,198,841
2020$17,770,023$15,870▲ $2,000,659-$18,974,724
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
Compensation and Service Providers
Top Officer Pay64th percentile

Board Members and Trustees

NameTitle
Mrs Donna PerkettChair
Mr Mark BehanVice Chair
Dr Howard FritzDirector
Dr Jim FuchsDirector
Dr Stacey MandelbaumDirector
Mrs Cheryl Potvin HoganDirector
Ms Elizabeth Barton-NavitskyDirector
Glens Falls National BankTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$979,286
Program Service Revenue
$0
Investment Income
$1,031,181
Other Revenue
$0
All Other Contributions
$979,286
Change in Net Assets
$1,254,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,915,344
Revenue Not Reported on Financial Statements
$95,123
Revenue Not Reported on Form 990
$1,976,715
Other Revenue Adjustments
$95,123
Total Revenue per Audited Statements
$3,892,059
Total Revenue per Form 990
$2,010,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$612,635
Other Expenses$142,923
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$358,004--$358,004
Grants to Domestic Individuals$254,631--$254,631
Fees for Service Investment Mgmnt Fees-$95,123-$95,123
Fees for Services Management-$36,000-$36,000
Fees for Services Accounting-$6,000-$6,000
Insurance-$1,622-$1,622
Fees for Services Other-$900-$900
Other Expenses-$542-$542
Fees for Services Legal-$180-$180
Total Functional Expenses$612,635$142,923$0$755,558

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$755,558
Expenses per Audited Statements$660,435
Total Expenses per Audited Statements$660,435
Expenses Not Reported on Financial Statements$95,123
Other Expense Adjustments$95,123
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glens Falls Hospital FdtnGlens Falls, NY501(c)(3)General Grant to Organization$38,744
Northeast Health FoundationAlbany, NY501(c)(3)General Grant to Organization$25,000
Big Brothers Big SistersGlens Falls, NY501(c)(3)General Grant to Organization$20,000
Tri County LiteracyGlens Falls, NY-General Grant to Organization$15,000
Gansevoort Cemetery IncGansevoort, NY501(c)(3)General Grant to Organization$14,550
Queensbury Senior Citizen CenQueensbury, NYGovernment EntityGeneral Grant to Organization$13,597
First Presbyterian ChurchGlens Falls, NY501(c)(3)General Grant to Organization$13,275
Crandall Public LibraryGlens Falls, NY501(c)(3)General Grant to Organization$13,067
Glens Falls HospitalGlens Falls, NY501(c)(3)General Grant to Organization$12,915
Hudson View CemeteryMechanicville, NY501(c)(3)General Grant to Organization$10,692
Battenkill Community ServicesGreenwich, NY501(c)(3)General Grant to Organization$10,000
Full Fdtn Pentacostal ChurchGlens Falls, NY501(c)(3)General Grant to Organization$10,000
High Peaks HospiceGlens Falls, NY501(c)(3)General Grant to Organization$10,000
Special OlympicsAlbany, NY501(c)(3)General Grant to Organization$10,000
Family Services AssociationGlens Falls, NY501(c)(3)General Grant to Organization$8,868
Fort Edward Historical AssocFort Edward, NY501(c)(3)General Grant to Organization$8,465
Gansevoort Volunteer FireGansevoort, NY501(c)(3)General Grant to Organization$7,275
Tri County United WayQueensbury, NY-General Grant to Organization$7,152
Aim Services IncSaratoga Spring, NY501(c)(3)General Grant to Organization$7,000
Town of JohnsburgNorth Creek, NY501(c)(3)General Grant to Organization$7,000
Cafe LenaSaratoga Spring, NY501(c)(3)General Grant to Organization$6,000
Prospect Child & Family CtrQueensbury, NY501(c)(3)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
No
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

“The foundation's governing documents, policies and financial statements are 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
2022-11-14
Discuss with paid preparer
Yes

Organization Details

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

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.

“Donor restricted net assets consist of endowment fund investments to be held indefinitely, the income from which is expendable to support scholarships and local charitable organizations including public library operations and support for underprivileged children and the needy.”

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, 2021, 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, 2021, the tax years that remain subject to examination by taxing authorities begin with 2018.”

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

“Investment Fees $95123”

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

“Investment Fees $95123”

Raw XML AppendixShowing 400 of 684 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/InvestmentsPubTradedSecGrp/EOYAmt023688438
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03874399
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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/NetAssetsOrFundBalancesBOYAmt021813061
IRS990/NetAssetsOrFundBalancesEOYAmt025044685
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0483401
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0483401
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01976715
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07715913
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09405447
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Website & Miscellaneous
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02556
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1542
IRS990/OtherExpensesGrp/TotalAmt02556
IRS990/OtherExpensesGrp/TotalAmt1542
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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/ExpenseAmt0254631
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0254631
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0265870
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0753641
IRS990/PYInvestmentIncomeAmt0247696
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt051302
IRS990/PYRevenuesLessExpensesAmt0-364712
IRS990/PYSalariesCompEmpBnftPaidAmt073335
IRS990/PYTotalExpensesAmt0878278
IRS990/PYTotalRevenueAmt0513566
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01254909
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02075469
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01356247
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/CurrentTaxYearAmt0979286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0265870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt054434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt036619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0123957
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01460166
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0547780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0395826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0430600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0501696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0491020
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02366922
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.19780
IRS990ScheduleA/PublicSupportPY170Pct00.12480
IRS990ScheduleA/PublicSupportTotal170Amt0756893
IRS990ScheduleA/SubstantialContributorsTotAmt0703273
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0979286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0265870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt054434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt036619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0123957
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01460166
IRS990ScheduleA/TotalSupportAmt03827088
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/BoardDesignatedBalanceEOYPct00.40060
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt018974724
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0347137
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021198841
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0601396
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02478376
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt058187
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt017770023
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt015870
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt018974724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0753641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02000659
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt092512
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt015723635
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt054434
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt017770023
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0425625
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02510091
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0189246
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt016923076
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt036619
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt015723635
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0468796
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578018
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt094547
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt015236138
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0123957
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt016923076
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0398273
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02055801
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt095123
IRS990ScheduleD/ExpensesSubtotalAmt0660435
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01976715
IRS990ScheduleD/OtherExpensesNotIncludedAmt095123
IRS990ScheduleD/OtherRevenuesNotIncludedAmt095123
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.59940
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt01976715
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt095123
IRS990ScheduleD/RevenueSubtotalAmt01915344
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Donor restricted net assets consist of endowment fund investments to be held indefinitely, the income from which is expendable to support scholarships and local charitable organizations including public library operations and support for underprivileged children and the needy.
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, 2021, 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, 2021, the tax years that remain subject to examination by taxing authorities begin with 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Investment Fees $95123
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Investment Fees $95123
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/TotalExpensesPerForm990Amt0755558
IRS990ScheduleD/TotalRevenuePerForm990Amt02010467
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03892059
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0660435
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0254631
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt077
IRS990ScheduleI/RecipientTable/CashGrantAmt07000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/CashGrantAmt36000
IRS990ScheduleI/RecipientTable/CashGrantAmt413067
IRS990ScheduleI/RecipientTable/CashGrantAmt58868
IRS990ScheduleI/RecipientTable/CashGrantAmt613275
IRS990ScheduleI/RecipientTable/CashGrantAmt78465
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt914550
IRS990ScheduleI/RecipientTable/CashGrantAmt107275
IRS990ScheduleI/RecipientTable/CashGrantAmt1112915
IRS990ScheduleI/RecipientTable/CashGrantAmt1238744
IRS990ScheduleI/RecipientTable/CashGrantAmt1310000
IRS990ScheduleI/RecipientTable/CashGrantAmt1410692
IRS990ScheduleI/RecipientTable/CashGrantAmt1525000
IRS990ScheduleI/RecipientTable/CashGrantAmt166000
IRS990ScheduleI/RecipientTable/CashGrantAmt1713597
IRS990ScheduleI/RecipientTable/CashGrantAmt1810000
IRS990ScheduleI/RecipientTable/CashGrantAmt197000
IRS990ScheduleI/RecipientTable/CashGrantAmt2015000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,044,685
Liabilities
$0
Net assets
$25,044,685
Revenue
$2,010,467
Expenses
$755,558
Net income
$1,254,909
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