Civic Intelligence

Academy of Whole Learning

990 • Fiscal year 2019 • EIN 16-1671503

Aug 01, 2018 to Jul 31, 2019 • Filed on Oct 13, 2019

3500 Williston RoadMinnetonka, MN 55345

(952) 737-6900

Siviq Scores

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

Liabilities / Assets

79th percentile

0.44x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

70th percentile

0.26x

Higher debt load relative to revenue than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$103,012

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

95th percentile

89%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

45%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,909,716

Up $897,894 (+89%) from 2018

Net Assets

Up

$1,076,663

Up $687,169 (+176%) from 2018

Liabilities

Up

$833,053

Up $210,725 (+34%) from 2018

Revenue

Up

$3,170,515

Up $982,359 (+45%) from 2018

Expenses

Up

$2,483,346

Up $356,461 (+17%) from 2018

Net Income

Up

$687,169

Up $625,898 (+1022%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $51,797Liabilities 2011: $52,815Net Assets 2011: -$1,0182011Assets 2012: $91,742Liabilities 2012: $62,025Net Assets 2012: $29,7172012Assets 2013: $248,189Liabilities 2013: $202,897Net Assets 2013: $45,2922013Assets 2014: $337,243Liabilities 2014: $246,874Net Assets 2014: $90,3692014Assets 2015: $541,273Liabilities 2015: $386,927Net Assets 2015: $154,3462015Assets 2016: $697,347Liabilities 2016: $457,435Net Assets 2016: $239,9122016Assets 2017: $812,267Liabilities 2017: $477,767Net Assets 2017: $334,5002017Assets 2018: $1,011,822Liabilities 2018: $622,328Net Assets 2018: $389,4942018Assets 2019: $1,909,716Liabilities 2019: $833,053Net Assets 2019: $1,076,6632019Assets 2020: $2,387,838Liabilities 2020: $1,084,016Net Assets 2020: $1,303,8222020Assets 2021: $10,374,738Liabilities 2021: $1,028,249Net Assets 2021: $9,346,4892021Assets 2022: $21,363,631Liabilities 2022: $6,222,528Net Assets 2022: $15,141,1032022Assets 2023: $17,682,086Liabilities 2023: $1,279,560Net Assets 2023: $16,402,5262023Assets 2024: $18,854,617Liabilities 2024: $2,966,053Net Assets 2024: $15,888,5642024Assets 2025: $18,919,532Liabilities 2025: $3,497,356Net Assets 2025: $15,422,1762025

Highlighted filing

2019

Assets$1,909,716
Liabilities$833,053
Net Assets$1,076,663

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $413,732Expenses 2011: $423,415Net Income 2011: -$9,6832011Revenue 2012: $440,570Expenses 2012: $409,835Net Income 2012: $30,7352012Expenses 2013: $517,2172013Revenue 2014: $809,193Expenses 2014: $762,115Net Income 2014: $47,0782014Revenue 2015: $1,084,869Expenses 2015: $1,000,291Net Income 2015: $84,5782015Revenue 2016: $1,339,091Expenses 2016: $1,253,525Net Income 2016: $85,5662016Revenue 2017: $1,950,705Expenses 2017: $1,856,432Net Income 2017: $94,2732017Revenue 2018: $2,188,156Expenses 2018: $2,126,885Net Income 2018: $61,2712018Revenue 2019: $3,170,515Expenses 2019: $2,483,346Net Income 2019: $687,1692019Revenue 2020: $3,309,263Expenses 2020: $3,090,234Net Income 2020: $219,0292020Revenue 2021: $11,141,204Expenses 2021: $3,856,751Net Income 2021: $7,284,4532021Revenue 2022: $11,015,661Expenses 2022: $5,204,299Net Income 2022: $5,811,3622022Revenue 2023: $8,150,089Expenses 2023: $6,367,563Net Income 2023: $1,782,5262023Revenue 2024: $7,279,036Expenses 2024: $7,850,824Net Income 2024: -$571,7882024Revenue 2025: $8,774,196Expenses 2025: $9,292,607Net Income 2025: -$518,4112025

Highlighted filing

2019

Revenue$3,170,515
Expenses$2,483,346
Net Income$687,169
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Oct 13, 2019
Return Version
2018v3.1
Gross Receipts
$3,183,323
Mission and Program Overview

Mission

Franklin center transforms lives by addressing the holistic academic, social, emotional and mental health needs of the neurodiverse community.

The mission of aowl is to provide a personalized learning path integrating social, academic, and life skills for students with autism spectrum disorder or individual learning needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$255,971$1,115,247▲ $859,276
Pledges and Grants Receivable$47,356$356,100▲ $308,744
Cash and Non-Interest-Bearing Accounts$154,857$220,393▲ $65,536
Accounts Receivable$63,167$96,397▲ $33,230
Land, Buildings, and Equipment, Net$1,289$61,199▲ $59,910
Prepaid Expenses and Deferred Charges$32,555$50,394▲ $17,839
Savings and Temporary Cash Investments$456,627$9,986▼ $446,641
Total Assets$1,011,822$1,909,716▲ $897,894
Liabilities
Deferred Revenue$554,909$712,797▲ $157,888
Accounts Payable and Accrued Expenses$67,419$120,256▲ $52,837
Total Liabilities$622,328$833,053▲ $210,725
Net Assets / Fund Balance
Unrestricted Net Assets$291,976$885,653▲ $593,677
Temporarily Rstr Net Assets$97,518$191,010▲ $93,492
Total Net Assets Fund Balance$389,494$1,076,663▲ $687,169
Total Liabilities and Net Assets / Fund Balance$1,011,822$1,909,716▲ $897,894

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$61,199$29,038$90,237

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018-$600,000▲ $4,158-$604,158
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wyayn RasmussenExecutive DiFT$87,091$15,921$103,012
Mike OnanDirector of-$27,651$1,332$28,983

Board Members and Trustees

NameTitle
Allison BaroskoDirector
Bob TiftDirector
Chad KinartDirector
Margie FuchsDirector
Pat MulvihillDirector
Patty SalmonDirector
Rob DingmannDirector
Ross OlsonDirector
Samantha FunkDirector
Teri CrosbyDirector
John HigginsDirector/CHA
Chris ElliottDirector/sec
Ashley LeeDirector/tre
Rebecca GibsonDirector/vic
Revenue and Support

Revenue Composition

Contributions and Grants
$1,154,825
Program Service Revenue
$2,013,135
Investment Income
$9,387
Other Revenue
$-6,832
All Other Contributions
$1,033,042
Change in Net Assets
$687,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,002,371
Revenue Not Reported on Financial Statements
$168,144
Other Revenue Adjustments
$167,502
Total Revenue per Audited Statements
$3,002,371
Total Revenue per Form 990
$3,170,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,798,368
Other Expenses$504,331
Total Fundraising Expense$208,752
Grants and Similar Amounts Paid$167,502
Professional Fundraising Fees$13,145

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,032,903$157,725$76,067$1,266,695
Occupancy$184,806$14,924$1,981$201,711
Current Officers, Directors, Trustees, and Key Employees$38,376$102,501$38,376$179,253
Grants to Domestic Individuals$167,502--$167,502
Other Employee Benefits$108,001$16,026$7,476$131,503
Payroll Taxes$85,155$23,421$10,928$119,504
Comp Disqual Persons-$44,293$29,529$73,822
Office Expenses$27,963$22,934$10,050$60,947
Information Technology$35,843$2,688$8,230$46,761
Fees for Services Other$28,033$8,347$2,784$39,164
Pension Plan Contributions$21,126$4,217$2,248$27,591
Advertising$7,665$15,480$3,291$26,436
Other Expenses$13,841$14,403$1,339$13,841
All Other Expenses$8,495$2,740$2,111$13,346
Fees for Services Professional Fundraising--$13,145$13,145
Fees for Services Accounting-$11,970-$11,970
Insurance$8,122$2,005$931$11,058
Depreciation Depletion$7,679$679$266$8,624
Fees for Service Investment Mgmnt Fees-$642-$642
Fees for Services Legal-$568-$568
Total Functional Expenses$1,825,622$448,972$208,752$2,483,346

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,483,346
Expenses per Audited Statements$2,315,202
Total Expenses per Audited Statements$2,315,202
Expenses Not Reported on Financial Statements$168,144
Other Expense Adjustments$167,502
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$13,145
Fundraising Direct Expenses$9,742

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast$121,783-$4,309-
Total Events$121,783-$9,742$-9,742
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Wyayn RasmussenExecutive Dir.Salary/benefitsNo$127,921
Carly KortuemDir.advancementSalary/benefitsNo$73,822
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
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Page 6, Part VI, Line 8B

The organization does not have any committees which have the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

Each member of the board of directors receives a copy of the form 990 prior to submission. Questions regarding the form are answered by the form 990 preparer or by the treasurer. After all directors have approved the form 990, it is filed with the irs.

Form 990, Page 6, Part VI, Line 12C

Compliance with the conflict of interest policy is discussed during orientation for employees and during the annual orientation meeting for the board of directors.

Form 990, Page 6, Part VI, Line 15A

The finance committee is responsible for reviewing comparability data for the head of school and making a recommendation on her annual compensation. Additionally, the head of school is responsible for reviewing comparability data for all other positions and recommending annual compensation to the finance committee. The finance committee approves all wages and presents an annual budget to the board of directors, who then vote on the approved budget.

Form 990, Page 6, Part VI, Line 19

All governing documents, conflict of interest statements, and financial statements of the organization are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Academy of Whole Learning
EIN
16-1671503
Phone
9527376900
Address
3500 WILLISTON ROAD, MINNETONKA, MN 55345

Signing Officer

Name
Wyayn Rasmussen
Title
Executive Director
Phone
7156309488
Signed
2019-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wyayn Rasmussen
Formed
2004
Legal Domicile
Mn
Voting Board Members
14
Independent Board Members
14
Employees
51
Volunteers
75

Preparer

Firm
Sherry D Heffernan Ltd
Address
6650 HORSESHOE BEND DR, CORCORAN, MN 55340-9549
Preparer
Sherry D Heffernan Ltd
Phone
7632297129
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Academy of whole learning provides services to children with autism spectrum disorder and individual learning needs through a personalized learning path integrating social, academic and life skills. Our services include a nationally recognized school of excellence; beyond the bell, an after-school enrichment program, bridge the gap summer programming and a therapy clinic offering behavioral health and psychotherapy. As a national association of special education teacher (naset) 2018-19 school of excellence, our program is unique in its ability to meet the needs of high functioning students with autism spectrum disorder or related learning differences. We offer a robust academic, social and life skills curriculum that allows students with special learning needs to reach their full potential. Our highly trained faculty and behavioral staff know that the underlying sensory, social and behavioral needs of each student must be met before learning can take place. Our students grow and learn in a nurturing, positive, encouraging environment. Academy of whole learning is a place where active minds are challenged. Our school uses a blended learning approach to allow us to personalize each student's learning path. Blended learning allows the teachers to customize instruction and assessment while giving the student control over time, place, path and pace. Along with using a blended learning approach, we use vertical integration (multi-ages grouped by learning and social level), allowing students to move at a flexible pace using various learning pathways to mastery. Students experience success because they are taught at their instructional level to ensure mastery before introducing new concepts. Our faculty and behavioral staff believe that students have learning potential, which the school must identify, stimulate, and nurture. All children want to learn and do well. Our responsibility as educators is to discover how to motivate each student. We develop a plan that fosters curiosity and a love of learning. We use a variety of testing procedures in order to evaluate progress and guide instruction. At the completion of the 2018-19 school year, 66 students were enrolled. Our beyond the bell after-school enrichment program includes after-school clubs, service learning, owls' nest, experientials and curriculum based- learning. Students can contribute and develop leadership skills through participation in service-learning and after-school activities such as clubs and athletics. These activities enable students to be more self-directed, allow them to explore areas of interest and provide opportunities to experience success. Service learning is a teaching and learning strategy that integrates meaningful community service with instruction and reflection to enrich the learning experience, teach civic responsibility, and strengthen communities. It is a form of experiential education aimed at enhancing and enriching student learning in course material. It is student-centered, hands-on and directly applicable to the curriculum. Owls' nest is a before and after school extended day program and is available everyday school is in session. The program provides a safe, fun and productive environment for academy of whole learning students while their parents are at work. Owls' nest consists of structured time for homework help, reading, playing games, and relaxing. Community based instruction (cbi) is educational instruction in naturally occurring community environments providing students "real-life experiences". The goal is to provide a variety of hands-on learning opportunities to help our students acquire the skills to live in the world today. Bridge the gap summer camp offers students, entering grades 3 through 12 unique opportunities for enrichment, advancement, and fun in academics and essential social and life skills. We have ample opportunities to explore interests, develop important skills, and become more prepared for the next level of academic ch

Form 990, Part XI, Line 9

Financial aid -167,502 add financial aid to expenses 167,502

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The board of trustees has designated an endowment fund from net assets without donor restrictions. The investment objectives of the fund are to enable a rate of return that over the long run will retain the purchasing power of the contributions made to the endowment and allow 2-5% of the balance in the endowment to be distributed each year. The annual distributions are to be used for aowl's operating needs. It is the intent to retain in the endowment fund an amount at least equal to the inflation-adjusted amounts of cumulative donations. However, the board has the discretion to make exceptions to this intent. Any such exception, however, requires the approval of a 75% supermajority of the total board membership.

Schedule D, Page 3, Part X

The organization has evaluated its potential exposure for uncertain tax positions and management has expressed there are no uncertain tax positions as of july 31, 2019. Tax returns for the past three tax years remain open for examination by tax jurisdictions.

Schedule D, Page 4, Part XI, Line 4B

FINANCIAL AID 167,502

Schedule D, Page 4, Part XII, Line 4B

Add financial aid to expenses 167,502

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IRS990/Desc0ACADEMY OF WHOLE LEARNING PROVIDES SERVICES TO CHILDREN WITH AUTISM SPECTRUM DISORDER AND INDIVIDUAL LEARNING NEEDS THROUGH A PERSONALIZED LEARNING PATH INTEGRATING SOCIAL, ACADEMIC AND LIFE SKILLS. OUR SERVICES INCLUDE A NATIONALLY RECOGNIZED SCHOOL OF EXCELLENCE; BEYOND THE BELL, AN AFTER-SCHOOL ENRICHMENT PROGRAM, BRIDGE THE GAP SUMMER PROGRAMMING AND A THERAPY CLINIC OFFERING BEHAVIORAL HEALTH AND PSYCHOTHERAPY. AS A NATIONAL ASSOCIATION OF SPECIAL EDUCATION TEACHER (NASET) 2018-19 SCHOOL OF EXCELLENCE, OUR PROGRAM IS UNIQUE IN ITS ABILITY TO MEET THE NEEDS OF HIGH FUNCTIONING STUDENTS WITH AUTISM SPECTRUM DISORDER OR RELATED LEARNING DIFFERENCES. WE OFFER A ROBUST ACADEMIC, SOCIAL AND LIFE SKILLS CURRICULUM THAT ALLOWS STUDENTS WITH SPECIAL LEARNING NEEDS TO REACH THEIR FULL POTENTIAL. OUR HIGHLY TRAINED FACULTY AND BEHAVIORAL STAFF KNOW THAT THE UNDERLYING SENSORY, SOCIAL AND BEHAVIORAL NEEDS OF EACH STUDENT MUST BE MET BEFORE LEARNING CAN TAKE PLACE. OUR STUDENTS GROW AND LEARN IN A NURTURING, POSITIVE, ENCOURAGING ENVIRONMENT. ACADEMY OF WHOLE LEARNING IS A PLACE WHERE ACTIVE MINDS ARE CHALLENGED. OUR SCHOOL USES A BLENDED LEARNING APPROACH TO ALLOW US TO PERSONALIZE EACH STUDENT'S LEARNING PATH. BLENDED LEARNING ALLOWS THE TEACHERS TO CUSTOMIZE INSTRUCTION AND ASSESSMENT WHILE GIVING THE STUDENT CONTROL OVER TIME, PLACE, PATH AND PACE. ALONG WITH USING A BLENDED LEARNING APPROACH, WE USE VERTICAL INTEGRATION (MULTI-AGES GROUPED BY LEARNING AND SOCIAL LEVEL), ALLOWING STUDENTS TO MOVE AT A FLEXIBLE PACE USING VARIOUS LEARNING PATHWAYS TO MASTERY. STUDENTS EXPERIENCE SUCCESS BECAUSE THEY ARE TAUGHT AT THEIR INSTRUCTIONAL LEVEL TO ENSURE MASTERY BEFORE INTRODUCING NEW CONCEPTS. OUR FACULTY AND BEHAVIORAL STAFF BELIEVE THAT STUDENTS HAVE LEARNING POTENTIAL, WHICH THE SCHOOL MUST IDENTIFY, STIMULATE, AND NURTURE. ALL CHILDREN WANT TO LEARN AND DO WELL. OUR RESPONSIBILITY AS EDUCATORS IS TO DISCOVER HOW TO MOTIVATE EACH STUDENT. WE DEVELOP A PLAN THAT FOSTERS CURIOSITY AND A LOVE OF LEARNING. WE USE A VARIETY OF TESTING PROCEDURES IN ORDER TO EVALUATE PROGRESS AND GUIDE INSTRUCTION. AT THE COMPLETION OF THE 2018-19 SCHOOL YEAR, 66 STUDENTS WERE ENROLLED. OUR BEYOND THE BELL AFTER-SCHOOL ENRICHMENT PROGRAM INCLUDES AFTER-SCHOOL CLUBS, SERVICE LEARNING, OWLS' NEST, EXPERIENTIALS AND CURRICULUM BASED- LEARNING. STUDENTS CAN CONTRIBUTE AND DEVELOP LEADERSHIP SKILLS THROUGH PARTICIPATION IN SERVICE-LEARNING AND AFTER-SCHOOL ACTIVITIES SUCH AS CLUBS AND ATHLETICS. THESE ACTIVITIES ENABLE STUDENTS TO BE MORE SELF-DIRECTED, ALLOW THEM TO EXPLORE AREAS OF INTEREST AND PROVIDE OPPORTUNITIES TO EXPERIENCE SUCCESS. SERVICE LEARNING IS A TEACHING AND LEARNING STRATEGY THAT INTEGRATES MEANINGFUL COMMUNITY SERVICE WITH INSTRUCTION AND REFLECTION TO ENRICH THE LEARNING EXPERIENCE, TEACH CIVIC RESPONSIBILITY, AND STRENGTHEN COMMUNITIES. IT IS A FORM OF EXPERIENTIAL EDUCATION AIMED AT ENHANCING AND ENRICHING STUDENT LEARNING IN COURSE MATERIAL. IT IS STUDENT-CENTERED, HANDS-ON AND DIRECTLY APPLICABLE TO THE CURRICULUM. OWLS' NEST IS A BEFORE AND AFTER SCHOOL EXTENDED DAY PROGRAM AND IS AVAILABLE EVERYDAY SCHOOL IS IN SESSION. THE PROGRAM PROVIDES A SAFE, FUN AND PRODUCTIVE ENVIRONMENT FOR ACADEMY OF WHOLE LEARNING STUDENTS WHILE THEIR PARENTS ARE AT WORK. OWLS' NEST CONSISTS OF STRUCTURED TIME FOR HOMEWORK HELP, READING, PLAYING GAMES, AND RELAXING. COMMUNITY BASED INSTRUCTION (CBI) IS EDUCATIONAL INSTRUCTION IN NATURALLY OCCURRING COMMUNITY ENVIRONMENTS PROVIDING STUDENTS "REAL-LIFE EXPERIENCES". THE GOAL IS TO PROVIDE A VARIETY OF HANDS-ON LEARNING OPPORTUNITIES TO HELP OUR STUDENTS ACQUIRE THE SKILLS TO LIVE IN THE WORLD TODAY. BRIDGE THE GAP SUMMER CAMP OFFERS STUDENTS, ENTERING GRADES 3 THROUGH 12 UNIQUE OPPORTUNITIES FOR ENRICHMENT, ADVANCEMENT, AND FUN IN ACADEMICS AND ESSENTIAL SOCIAL AND LIFE SKILLS. WE HAVE AMPLE OPPORTUNITIES TO EXPLORE INTERESTS, DEVELOP IMPORTANT SKILLS, AND BECOME MORE PREPARED FOR THE NEXT LEVEL OF ACADEMIC CH
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IRS990/MissionDesc0THE MISSION OF AOWL IS TO PROVIDE A PERSONALIZED LEARNING PATH INTEGRATING SOCIAL, ACADEMIC, AND LIFE SKILLS FOR STUDENTS WITH AUTISM SPECTRUM DISORDER OR INDIVIDUAL LEARNING NEEDS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES HAS DESIGNATED AN ENDOWMENT FUND FROM NET ASSETS WITHOUT DONOR RESTRICTIONS. THE INVESTMENT OBJECTIVES OF THE FUND ARE TO ENABLE A RATE OF RETURN THAT OVER THE LONG RUN WILL RETAIN THE PURCHASING POWER OF THE CONTRIBUTIONS MADE TO THE ENDOWMENT AND ALLOW 2-5% OF THE BALANCE IN THE ENDOWMENT TO BE DISTRIBUTED EACH YEAR. THE ANNUAL DISTRIBUTIONS ARE TO BE USED FOR AOWL'S OPERATING NEEDS. IT IS THE INTENT TO RETAIN IN THE ENDOWMENT FUND AN AMOUNT AT LEAST EQUAL TO THE INFLATION-ADJUSTED AMOUNTS OF CUMULATIVE DONATIONS. HOWEVER, THE BOARD HAS THE DISCRETION TO MAKE EXCEPTIONS TO THIS INTENT. ANY SUCH EXCEPTION, HOWEVER, REQUIRES THE APPROVAL OF A 75% SUPERMAJORITY OF THE TOTAL BOARD MEMBERSHIP.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.9$3.50$15.4$8.77$9.29$0.52
2024Detailed filing. Detailed filing data is available for this year.$18.9$2.97$15.9$7.28$7.85$0.57
2023Detailed filing. Detailed filing data is available for this year.$17.7$1.28$16.4$8.15$6.37$1.78
2022Detailed filing. Detailed filing data is available for this year.$21.4$6.22$15.1$11.0$5.20$5.81
2021Detailed filing. Detailed filing data is available for this year.$10.4$1.03$9.35$11.1$3.86$7.28
2020Detailed filing. Detailed filing data is available for this year.$2.39$1.08$1.30$3.31$3.09$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.83$1.08$3.17$2.48$0.69
2018Detailed filing. Detailed filing data is available for this year.$1.01$0.62$0.39$2.19$2.13$0.06
2017Summary only. Only limited summary data is available for this year.$0.81$0.48$0.33$1.95$1.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.70$0.46$0.24$1.34$1.25$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.39$0.15$1.08$1.00$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.25$0.09$0.81$0.76$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.20$0.05$0.52
2012Summary only. Only limited summary data is available for this year.$0.09$0.06$0.03$0.44$0.41$0.03
2011Summary only. Only limited summary data is available for this year.$0.05$0.05$0.00$0.41$0.42$0.01