Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2016 • EIN 20-0033926

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 29, 2017

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

22nd percentile

0.01x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

57th percentile

4.5%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

85th percentile

$156,266

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

65th percentile

6.0%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-6.8%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$1,695,889

Up $96,124 (+6.0%) from 2015

Net Assets

Up

$1,685,485

Up $104,028 (+6.6%) from 2015

Liabilities

Down

$10,404

Down $7,904 (-43%) from 2015

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin57th percentile

Revenue

Down

$1,276,355

Down $93,798 (-6.8%) from 2015

Expenses

Down

$1,218,489

Down $98,918 (-7.5%) from 2015

Net Income

Up

$57,866

Up $5,120 (+9.7%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2016

Assets$1,695,889
Liabilities$10,404
Net Assets$1,685,485
Open 2016 Filing

Operations Trend

Revenue Growth28th 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

2016

Revenue$1,276,355
Expenses$1,218,489
Net Income$57,866
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 29, 2017
Return Version
2015v3.0
Gross Receipts
$4,025,074
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$922,583$1,224,814▲ $302,231
Cash and Non-Interest-Bearing Accounts$652,294$459,194▼ $193,100
Pledges and Grants Receivable$22,973$7,565▼ $15,408
Prepaid Expenses and Deferred Charges$1,915$4,316▲ $2,401
Total Assets$1,599,765$1,695,889▲ $96,124
Liabilities
Accounts Payable and Accrued Expenses$17,558$10,404▼ $7,154
Deferred Revenue$750$0▼ $750
Total Liabilities$18,308$10,404▼ $7,904
Net Assets / Fund Balance
Unrestricted Net Assets$1,519,433$1,598,745▲ $79,312
Permanently Rstr Net Assets$52,333$52,705▲ $372
Temporarily Rstr Net Assets$9,691$34,035▲ $24,344
Total Net Assets Fund Balance$1,581,457$1,685,485▲ $104,028
Total Liabilities and Net Assets / Fund Balance$1,599,765$1,695,889▲ $96,124

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,310,457$32,111▲ $50,920-$1,383,156
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
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Shelly MyersExecutive DirectorFT$46,246$56,475$102,721

Board Members and Trustees

NameTitle
Karen StoltenbergPresident
Leah RennhackVice President
Adam SmithDirector
Andy GrieserDirector
Andy SedinoDirector
Chris JeppesenDirector
Christine RossDirector
Deanna TitzlerDirector
Debbie KraskaDirector
Jeff WatsonDirector
Kevin HansenDirector
Wendy GreenwoodDirector
Zan JonesDirector
Debbie PiperFinance Director
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,337,363
Program Service Revenue
$0
Investment Income
$5,422
Other Revenue
$-66,430
All Other Contributions
$970,713
Change in Net Assets
$57,866

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table227$31,359Retail Value
Securities Publicly Traded5$19,980Nyse
Total Noncash Contributions232$51,339-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,276,355
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$165,642
Total Revenue per Audited Statements
$1,441,997
Total Revenue per Form 990
$1,276,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,108,333
Total Fundraising Expense$69,722
Salaries, Compensation, and Employee Benefits$60,339
Other Expenses$49,817
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,108,333--$1,108,333
Current Officers, Directors, Trustees, and Key Employees--$49,190$49,190
Office Expenses-$26,549$959$27,508
Other Salaries and Wages--$9,256$9,256
Information Technology-$4,856-$4,856
Advertising--$4,525$4,525
Fees for Services Accounting-$4,125-$4,125
Payroll Taxes--$1,893$1,893
Fees for Services Other--$750$750
Conferences and Meetings-$586-$586
Other Expenses-$500$3,149$500
Total Functional Expenses$1,108,333$40,434$69,722$1,218,489

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,337,969
Expenses per Audited Statements$1,218,489
Total Expenses per Form 990$1,218,489
Expenses Not Reported on Form 990$119,480
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westlake AcademyWestlake, TX501(c)(3)Provide Financial Support for Westlake Academy in Its Efforts to Achieve Academic Excellence.$1,108,333
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$119,480
Fundraising Gross Income$53,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gallery Night$282,441$31,050$32,483$-1,433
Westlake Baja$137,259$22,000$14,389$7,611
Total Events$419,700$53,050$119,480$-66,430
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
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 finance director, waf executive director and waf treasurer review the 990. Upon their approval, a copy is emailed to the waf board of directors for their review. The 990 is then sent to the irs for filing.”

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
2017-06-29
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
Heidi J Dolan
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, 2016 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 119,480.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 119,480.”

Raw XML AppendixShowing 400 of 579 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/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt01108333
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01108333
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01108333
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02618754
IRS990/GrossReceiptsAmt04025074
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04856
IRS990/InformationTechnologyGrp/TotalAmt04856
IRS990/InvestmentIncomeGrp/ExclusionAmt015907
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015907
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0922583
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01224814
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02629239
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/NetAssetsOrFundBalancesBOYAmt01581457
IRS990/NetAssetsOrFundBalancesEOYAmt01685485
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10485
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10485
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-66430
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-66430
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt046162
IRS990/NoncashContributionsAmt051339
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0959
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026549
IRS990/OfficeExpensesGrp/TotalAmt027508
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt03149
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03818
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1500
IRS990/OtherExpensesGrp/TotalAmt06967
IRS990/OtherExpensesGrp/TotalAmt1500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09256
IRS990/OtherSalariesAndWagesGrp/TotalAmt09256
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01893
IRS990/PayrollTaxesGrp/TotalAmt01893
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt052333
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt052705
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt022973
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07565
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01915
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04316
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01422196
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01207293
IRS990/PYInvestmentIncomeAmt011751
IRS990/PYOtherExpensesAmt052935
IRS990/PYOtherRevenueAmt0-63794
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt052746
IRS990/PYSalariesCompEmpBnftPaidAmt057179
IRS990/PYTotalExpensesAmt01317407
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01370153
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt057866
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01337363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01422196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01242245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0744363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01062219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05808386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt018845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018922
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010265
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt078207
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt053050
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt053740
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt047750
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0351487
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0424110
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0930137
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85210
IRS990ScheduleA/PublicSupportPY170Pct00.79040
IRS990ScheduleA/PublicSupportTotal170Amt05808386
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01337363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01422196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01242245
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0744363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01062219
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05808386
IRS990ScheduleA/TotalSupportAmt06816730
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.95850
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07832
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01310457
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt032111
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01383156
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt050920
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt07781
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01307545
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt048124
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01310457
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01200
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-36231
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0901000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0273518
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01307545
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0133027
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0900000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0901000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0500000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0400000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0900000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0119480
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01218489
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt046162
IRS990ScheduleD/OtherExpensesIncludedAmt0119480
IRS990ScheduleD/OtherRevenueAmt0119480
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.03390
IRS990ScheduleD/RevenueNotReportedAmt0165642
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01276355
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, 2016 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 119,480.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 119,480.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00760
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01218489
IRS990ScheduleD/TotalRevenuePerForm990Amt01276355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01441997
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01337969
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0366650
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0251391
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0115259
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0119480
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt07600
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0925
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt08525
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt028757
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt015449
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt044206
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0282441
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0137259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0419700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt022000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053050
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-66430

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,695,889
Liabilities
$10,404
Net assets
$1,685,485
Revenue
$1,276,355
Expenses
$1,218,489
Net income
$57,866
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