Civic Intelligence

Glens Falls Foundation

990 • Fiscal year 2022 • EIN 14-6036390

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

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

67th percentile

0.00x

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

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Net Margin

32nd percentile

-61%

Higher net margin than 32% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

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.

2022 filings • NTEE T • $10M-$25M nonprofits • Source year 2022

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

25th percentile

-71%

Faster revenue growth than 25% of similar nonprofits.

2022 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$20,931,962

Down $4,112,723 (-16%) from 2021

Net Assets

Down

$20,931,962

Down $4,112,723 (-16%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$580,040

Down $1,430,427 (-71%) from 2021

Expenses

Up

$936,750

Up $181,192 (+24%) from 2021

Net Income

Down

-$356,710

Down $1,611,619 (-128%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$20,931,962
Liabilities$0
Net Assets$20,931,962

Operations Trend

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

2022

Revenue$580,040
Expenses$936,750
Net Income-$356,710
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$10,838,172
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$23,688,438$20,096,180▼ $3,592,258
Savings and Temporary Cash Investments$1,356,247$835,782▼ $520,465
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$25,044,685$20,931,962▼ $4,112,723
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$15,639,238$12,917,992▼ $2,721,246
Net Assets Without Donor Restrictions$9,405,447$8,013,970▼ $1,391,477
Total Net Assets Fund Balance$25,044,685$20,931,962▼ $4,112,723
Total Liabilities and Net Assets / Fund Balance$25,044,685$20,931,962▼ $4,112,723

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$21,198,841$39,159▼ $3,003,572-$17,607,275
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
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$309,375
Program Service Revenue
$0
Investment Income
$270,665
Other Revenue
$0
All Other Contributions
$309,375
Change in Net Assets
$-356,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$488,062
Revenue Not Reported on Financial Statements
$91,978
Revenue Not Reported on Form 990
$-3,756,013
Other Revenue Adjustments
$91,978
Total Revenue per Audited Statements
$-3,267,951
Total Revenue per Form 990
$580,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$780,980
Other Expenses$155,770
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$503,772--$503,772
Grants to Domestic Individuals$277,208--$277,208
Fees for Service Investment Mgmnt Fees-$91,978-$91,978
Fees for Services Management-$42,977-$42,977
Fees for Services Accounting-$17,625-$17,625
Insurance-$1,622-$1,622
Fees for Services Other-$775-$775
Other Expenses-$282-$282
Total Functional Expenses$780,980$155,770$0$936,750

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$936,750
Expenses per Audited Statements$844,772
Total Expenses per Audited Statements$844,772
Expenses Not Reported on Financial Statements$91,978
Other Expense Adjustments$91,978
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glens Falls Hospital FdtnGlens Falls, NY501(c)(3)General Grant to Organization$46,800
Comfort Food of Washington CoGreenwich, NY501(c)(3)General Grant to Organization$32,200
Adirondack Welcome CircleGlens Falls, NY501(c)(3)General Grant to Organization$30,121
Habitat for HumanityGlens Falls, NY501(c)(3)General Grant to Organization$30,000
North Granville Hose Co IncNorth Granville, NY501(c)(3)General Grant to Organization$29,685
Planned Parenthood Greater NYNew York, NY501(c)(3)General Grant to Organization$25,000
US Championship Rodeo FdtnQueensbury, NY-General Grant to Organization$25,000
The Open Door MissionGlens Falls, NY501(c)(3)General Grant to Organization$22,000
Pember Library & MuseumGranville, NY501(c)(3)General Grant to Organization$15,000
Gansevoort Cemetery IncGansevoort, NY501(c)(3)General Grant to Organization$14,000
First Presbyterian ChurchGlens Falls, NY501(c)(3)General Grant to Organization$13,000
Queensbury Senior CitizensQueensbury, NY501(c)(3)General Grant to Organization$12,347
Crandall Public LibraryGlens Falls, NY501(c)(3)General Grant to Organization$12,282
Slate Valley Museum FdtnGranville, NY501(c)(3)General Grant to Organization$11,730
Hudson View CemeteryMechanicville, NY501(c)(3)General Grant to Organization$10,805
The Park Theater FoundationGlens Falls, NY501(c)(3)General Grant to Organization$10,125
Granville Engine & Hose Co #1Granville, NY501(c)(3)General Grant to Organization$10,000
Granville Rescue Squad IncGranville, NY501(c)(3)General Grant to Organization$10,000
Rebuilding Together SaratogaBallston Spa, NY501(c)(3)General Grant to Organization$10,000
St Pauls Episcopal ChurchSalem, NY501(c)(3)General Grant to Organization$10,000
Family Services AssociationGlens Falls, NY501(c)(3)General Grant to Organization$8,788
Gansevoort Volunteer FireGansevoort, NY501(c)(3)General Grant to Organization$7,000
Historic Salem CourthouseSalem, NY501(c)(3)General Grant to Organization$7,000
Tri County United WayQueensbury, NY-General Grant to Organization$6,721
St James Episcopal ChurchLake George, NY501(c)(3)General Grant to Organization$6,600
Look Media Resource IncGlens Falls, NY501(c)(3)General Grant to Organization$6,000
Prospect Child & Family CtrQueensbury, NY501(c)(3)General Grant to Organization$6,000
Mettowee Valley Senior CitGranville, NY501(c)(3)General Grant to Organization$5,600
Granville Area Food PantryGranville, NY501(c)(3)General Grant to Organization$5,521
Lake George Music FestivalQueensbury, NY501(c)(3)General Grant to Organization$5,290
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, Section B, Line 11B

The business administrator of the foundation, as well as 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, Section B, Line 12C

Conflict of interest statements are signed annually by the distribution committee and are reviewed by the business administrator.

Form 990, Part VI, Section C, Line 19

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
2023-10-31
Discuss with paid preparer
Yes

Organization Details

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

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, 2022, 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, 2022, the tax years that remain subject to examination by taxing authorities begin with 2019.

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

Investment Fees $91978

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

Investment Fees $91978

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01622
IRS990/InsuranceGrp/TotalAmt01622
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0625761
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0625761
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt023688438
IRS990/InvestmentsPubTradedSecGrp/EOYAmt020096180
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010258132
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/NetAssetsOrFundBalancesBOYAmt025044685
IRS990/NetAssetsOrFundBalancesEOYAmt020931962
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-355096
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-355096
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-3756013
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt09405447
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08013970
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/Desc0Telephone
IRS990/OtherExpensesGrp/Desc1Website & Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1282
IRS990/OtherExpensesGrp/TotalAmt0511
IRS990/OtherExpensesGrp/TotalAmt1282
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/ExpenseAmt0277208
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0277208
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0979286
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0612635
IRS990/PYInvestmentIncomeAmt01031181
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0142923
IRS990/PYRevenuesLessExpensesAmt01254909
IRS990/PYTotalExpensesAmt0755558
IRS990/PYTotalRevenueAmt02010467
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-356710
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01356247
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0835782
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/CurrentTaxYearAmt0309375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0979286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0265870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt054434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt036619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01645584
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0625761
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0547780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0395826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0430600
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0501696
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02501663
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.20100
IRS990ScheduleA/PublicSupportPY170Pct00.19780
IRS990ScheduleA/PublicSupportTotal170Amt0833520
IRS990ScheduleA/SubstantialContributorsTotAmt0812064
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0309375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0979286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0265870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt054434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt036619
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01645584
IRS990ScheduleA/TotalSupportAmt04147247
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/BoardDesignatedBalanceEOYPct00.40370
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt021198841
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt039159
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt017607275
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0627153
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3003572
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt018974724
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0347137
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt021198841
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0601396
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02478376
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt058187
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt017770023
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt015870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt018974724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0753641
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02000659
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt092512
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt015723635
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt054434
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt017770023
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0425625
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02510091
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0189246
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt016923076
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt036619
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt015723635
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0468796
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-578018
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt091978
IRS990ScheduleD/ExpensesSubtotalAmt0844772
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3756013
IRS990ScheduleD/OtherExpensesNotIncludedAmt091978
IRS990ScheduleD/OtherRevenuesNotIncludedAmt091978
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.59630
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-3756013
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt091978
IRS990ScheduleD/RevenueSubtotalAmt0488062
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, 2022, 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, 2022, the tax years that remain subject to examination by taxing authorities begin with 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Investment Fees $91978
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Investment Fees $91978
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/TotalExpensesPerForm990Amt0936750
IRS990ScheduleD/TotalRevenuePerForm990Amt0580040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-3267951
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0844772
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0277208
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Individual Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt089
IRS990ScheduleI/RecipientTable/CashGrantAmt030121
IRS990ScheduleI/RecipientTable/CashGrantAmt132200
IRS990ScheduleI/RecipientTable/CashGrantAmt212282
IRS990ScheduleI/RecipientTable/CashGrantAmt38788
IRS990ScheduleI/RecipientTable/CashGrantAmt413000
IRS990ScheduleI/RecipientTable/CashGrantAmt514000
IRS990ScheduleI/RecipientTable/CashGrantAmt67000
IRS990ScheduleI/RecipientTable/CashGrantAmt746800
IRS990ScheduleI/RecipientTable/CashGrantAmt85521
IRS990ScheduleI/RecipientTable/CashGrantAmt910000
IRS990ScheduleI/RecipientTable/CashGrantAmt1010000
IRS990ScheduleI/RecipientTable/CashGrantAmt1130000
IRS990ScheduleI/RecipientTable/CashGrantAmt127000
IRS990ScheduleI/RecipientTable/CashGrantAmt1310805
IRS990ScheduleI/RecipientTable/CashGrantAmt145290
IRS990ScheduleI/RecipientTable/CashGrantAmt156000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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