Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2015 • EIN 20-0033926

Sep 01, 2014 to Aug 31, 2015 • Filed on Jul 14, 2016

Organization ProfileWESTLAKEACADEMYFOUNDATION.ORG
2600 Jt Ottinger RoadWestlake, TX 76262

(817) 490-5722

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

54th percentile

3.8%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$139,527

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

48th percentile

0.3%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

42nd percentile

0.7%

Faster revenue growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,599,765

Up $4,337 (+0.3%) from 2014

Net Assets

Up

$1,581,457

Up $4,281 (+0.3%) from 2014

Liabilities

Up

$18,308

Up $56 (+0.3%) from 2014

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin54th percentile

Revenue

Up

$1,370,153

Up $9,292 (+0.7%) from 2014

Expenses

Up

$1,317,407

Up $165,220 (+14%) from 2014

Net Income

Down

$52,746

Down $155,928 (-75%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,012,131Liabilities 2011: $8,791Net Assets 2011: $1,003,3402011Assets 2012: $1,366,114Liabilities 2012: $104,598Net Assets 2012: $1,261,5162012Assets 2013: $1,397,787Liabilities 2013: $19,328Net Assets 2013: $1,378,4592013Assets 2014: $1,595,428Liabilities 2014: $18,252Net Assets 2014: $1,577,1762014Assets 2015: $1,599,765Liabilities 2015: $18,308Net Assets 2015: $1,581,4572015Assets 2016: $1,695,889Liabilities 2016: $10,404Net Assets 2016: $1,685,4852016Assets 2017: $1,955,950Liabilities 2017: $275Net Assets 2017: $1,955,6752017Assets 2018: $2,558,219Liabilities 2018: $387,862Net Assets 2018: $2,170,3572018Assets 2019: $2,380,643Liabilities 2019: $0Net Assets 2019: $2,380,6432019Assets 2020: $2,677,971Liabilities 2020: $8,410Net Assets 2020: $2,669,5612020Assets 2021: $3,244,083Liabilities 2021: $7,600Net Assets 2021: $3,236,4832021Assets 2022: $2,748,901Liabilities 2022: $6,895Net Assets 2022: $2,742,0062022Assets 2023: $3,284,208Liabilities 2023: $181,144Net Assets 2023: $3,103,0642023Assets 2024: $3,178,246Liabilities 2024: $33,898Net Assets 2024: $3,144,3482024

Highlighted filing

2015

Assets$1,599,765
Liabilities$18,308
Net Assets$1,581,457
Open 2015 Filing

Operations Trend

Revenue Growth42nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $997,386Expenses 2011: $783,349Net Income 2011: $214,0372011Revenue 2012: $1,414,264Expenses 2012: $1,150,038Net Income 2012: $264,2262012Revenue 2013: $1,041,758Expenses 2013: $971,686Net Income 2013: $70,0722013Revenue 2014: $1,360,861Expenses 2014: $1,152,187Net Income 2014: $208,6742014Revenue 2015: $1,370,153Expenses 2015: $1,317,407Net Income 2015: $52,7462015Revenue 2016: $1,276,355Expenses 2016: $1,218,489Net Income 2016: $57,8662016Revenue 2017: $1,633,778Expenses 2017: $1,373,324Net Income 2017: $260,4542017Revenue 2018: $1,658,268Expenses 2018: $1,544,483Net Income 2018: $113,7852018Revenue 2019: $1,761,972Expenses 2019: $1,489,130Net Income 2019: $272,8422019Revenue 2020: $1,623,760Expenses 2020: $1,407,200Net Income 2020: $216,5602020Revenue 2021: $1,490,806Expenses 2021: $1,274,358Net Income 2021: $216,4482021Revenue 2022: $2,338,496Expenses 2022: $2,335,632Net Income 2022: $2,8642022Revenue 2023: $1,827,657Expenses 2023: $1,609,044Net Income 2023: $218,6132023Revenue 2024: $1,452,100Expenses 2024: $1,566,439Net Income 2024: -$114,3392024

Highlighted filing

2015

Revenue$1,370,153
Expenses$1,317,407
Net Income$52,746
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Jul 14, 2016
Return Version
2014v6.0
Gross Receipts
$4,761,471
Mission and Program Overview

Mission

To provide financial support for westlake academy in its efforts to achieve academic excellence in developing responsible, global, lifelong learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,265,114$922,583▼ $342,531
Cash and Non-Interest-Bearing Accounts$298,480$652,294▲ $353,814
Pledges and Grants Receivable$28,267$22,973▼ $5,294
Prepaid Expenses and Deferred Charges$3,567$1,915▼ $1,652
Total Assets$1,595,428$1,599,765▲ $4,337
Liabilities
Accounts Payable and Accrued Expenses$18,252$17,558▼ $694
Deferred Revenue-$750-
Total Liabilities$18,252$18,308▲ $56
Net Assets / Fund Balance
Unrestricted Net Assets$1,511,920$1,519,433▲ $7,513
Permanently Rstr Net Assets$51,876$52,333▲ $457
Temporarily Rstr Net Assets$13,380$9,691▼ $3,689
Total Net Assets Fund Balance$1,577,176$1,581,457▲ $4,281
Total Liabilities and Net Assets / Fund Balance$1,595,428$1,599,765▲ $4,337

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,307,545$48,124▼ $36,231-$1,310,457
2013$901,000$273,518▲ $133,027-$1,307,545
2012$900,000$1,000--$901,000
2011$500,000$400,000--$900,000
2010$250,000$250,000--$500,000
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie PiperFinance DirectorFT-$139,527$139,527
Dr Shelly MyersExecutive DirectorFT$42,630$51,982$94,612

Board Members and Trustees

NameTitle
Karen StoltenbergPresident
Leah RennhackVice President
Andy GrieserDirector
Andy SedinoDirector
Bill GreenwoodDirector
Chris JeppesenDirector
Debbie KraskaDirector
Jeff WatsonDirector
Kevin HansenDirector
Zan JonesDirector
Ken GordonSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,422,196
Program Service Revenue
$0
Investment Income
$11,751
Other Revenue
$-63,794
All Other Contributions
$1,086,976
Change in Net Assets
$52,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,370,153
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$69,069
Total Revenue per Audited Statements
$1,439,222
Total Revenue per Form 990
$1,370,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,207,293
Total Fundraising Expense$75,467
Salaries, Compensation, and Employee Benefits$57,179
Other Expenses$52,935
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,207,293--$1,207,293
Current Officers, Directors, Trustees, and Key Employees--$46,533$46,533
Office Expenses-$20,195$4,610$24,805
Other Salaries and Wages--$8,859$8,859
Fees for Services Other-$4,730$2,582$7,312
Advertising--$6,040$6,040
Fees for Services Accounting-$4,000-$4,000
Information Technology-$3,911-$3,911
Occupancy--$2,704$2,704
Payroll Taxes--$1,787$1,787
Conferences and Meetings-$1,436-$1,436
Other Expenses-$175$2,352$175
Total Functional Expenses$1,207,293$34,647$75,467$1,317,407

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,434,941
Expenses per Audited Statements$1,317,407
Total Expenses per Form 990$1,317,407
Expenses Not Reported on Form 990$117,534
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westlake AcademyWestlake, TX501(c)(3)To Provide Financial Support for Westlake Academy in Its Efforts to Achieve Academic Excellence.$1,207,293
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$117,534
Fundraising Gross Income$53,740
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Westlake Baja$154,585$28,000-$28,000
Gallery Night$234,375$25,740$32,867$-7,127
Total Events$388,960$53,740$117,535$-63,795
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11

“The form 990 is reviewed by the executive director and the finance director prior to being filed and each board member has the opportunity to see the 990 prior to filing by request.”

Form 990, Part VI, Section C, Line 19

“The organization maintains a copy of its governing documents, policies and financial statements and each is available for review upon request along with the public availability of the annual audit report.”

Filing and Contact Details

Filer

Filer Name
Westlake Academy Foundation
EIN
20-0033926
Phone
8174905722
Address
2600 JT OTTINGER ROAD, WESTLAKE, TX 76262

Signing Officer

Name
Debbie Piper
Title
Finance Director
Phone
8174905722
Signed
2016-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shelly Myers
Formed
2003
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
90

Preparer

Firm
Weaver and Tidwell Llp
Address
12221 MERIT DRIVE SUITE 1400, DALLAS, TX 75251
Preparer
Ira L Nevelow
Phone
9724901970
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been recorded in the accompanying financial statements. The foundation is unaware of any uncertain tax positions as of august 31, 2015 that would be subject to the recognition provision of financial accounting standards board (fasb) accounting standards codification (asc) 740-10, accounting for uncertainty in income taxes." generally, the three prior years remain open for federal income tax examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 117,534.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 117,534.”

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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03273784
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT FOR WESTLAKE ACADEMY IN ITS EFFORTS TO ACHIEVE ACADEMIC EXCELLENCE IN DEVELOPING RESPONSIBLE, GLOBAL, LIFELONG LEARNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01577176
IRS990/NetAssetsOrFundBalancesEOYAmt01581457
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7094
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7094
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-63794
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-63794
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-48465
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02704
IRS990/OccupancyGrp/TotalAmt02704
IRS990/OfficeExpensesGrp/FundraisingAmt04610
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020195
IRS990/OfficeExpensesGrp/TotalAmt024805
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER FUNDRAISING COSTS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt02352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1175
IRS990/OtherExpensesGrp/TotalAmt02352
IRS990/OtherExpensesGrp/TotalAmt1200
IRS990/OtherExpensesGrp/TotalAmt2175
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08859
IRS990/OtherSalariesAndWagesGrp/TotalAmt08859
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01787
IRS990/PayrollTaxesGrp/TotalAmt01787
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt051876
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt052333
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028267
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt022973
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03567
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01915
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01235495
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01048749
IRS990/PYInvestmentIncomeAmt0170410
IRS990/PYOtherExpensesAmt052587
IRS990/PYOtherRevenueAmt0-45044
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0208674
IRS990/PYSalariesCompEmpBnftPaidAmt050851
IRS990/PYTotalExpensesAmt01152187
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01360861
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt052746
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01422196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01242245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0744363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01062219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0785186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05256209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018922
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010265
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01841
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt064141
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt053740
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt047750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0351487
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0424110
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0300382
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01177469
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79040
IRS990ScheduleA/PublicSupportPY170Pct00.68490
IRS990ScheduleA/PublicSupportTotal170Amt05136165
IRS990ScheduleA/SubstantialContributorsTotAmt0120044
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01422196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01242245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0744363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01062219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0785186
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05256209
IRS990ScheduleA/TotalSupportAmt06497819
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/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.95270
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07781
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01307545
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt048124
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01310457
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01200
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-36231
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0901000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0273518
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01307545
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0133027
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0900000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0901000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0400000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0900000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0250000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0250000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0500000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0117534
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01317407
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-48465
IRS990ScheduleD/OtherExpensesIncludedAmt0117534
IRS990ScheduleD/OtherRevenueAmt0117534
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03990
IRS990ScheduleD/RevenueNotReportedAmt069069
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01370153
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS UNAWARE OF ANY UNCERTAIN TAX POSITIONS AS OF AUGUST 31, 2015 THAT WOULD BE SUBJECT TO THE RECOGNITION PROVISION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." GENERALLY, THE THREE PRIOR YEARS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSE 117,534.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 117,534.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01317407
IRS990ScheduleD/TotalRevenuePerForm990Amt01370153
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01439222
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01434941
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0335220
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0208635
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0126585
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0117535
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06900
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt014055
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt020955
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt025621
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt014469
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt040090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0234375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0154585
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0388960
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025740
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053740
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-63795
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt032867
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt032867
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt07192

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,599,765
Liabilities
$18,308
Net assets
$1,581,457
Revenue
$1,370,153
Expenses
$1,317,407
Net income
$52,746
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.03$3.14$1.45$1.57$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.18$3.10$1.83$1.61$0.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.01$2.74$2.34$2.34$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$0.01$3.24$1.49$1.27$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.68$0.01$2.67$1.62$1.41$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.00$2.38$1.76$1.49$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.56$0.39$2.17$1.66$1.54$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.96$0.00$1.96$1.63$1.37$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.28$1.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.37$1.32$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.36$1.15$0.21
2013Summary only. Only limited summary data is available for this year.$1.40$0.02$1.38$1.04$0.97$0.07
2012Summary only. Only limited summary data is available for this year.$1.37$0.10$1.26$1.41$1.15$0.26
2011Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$1.00$0.78$0.21
Peer Organizations

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