Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2018 • EIN 20-0033926

Sep 01, 2017 to Aug 31, 2018 • Filed on Jul 15, 2019

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

59th percentile

0.15x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

6.9%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$171,604

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

87th percentile

31%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

44th percentile

1.5%

Faster revenue growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$2,558,219

Up $602,269 (+31%) from 2017

Net Assets

Up

$2,170,357

Up $214,682 (+11%) from 2017

Liabilities

Up

$387,862

Up $387,587 (+140941%) from 2017

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin60th percentile

Revenue

Up

$1,658,268

Up $24,490 (+1.5%) from 2017

Expenses

Up

$1,544,483

Up $171,159 (+12%) from 2017

Net Income

Down

$113,785

Down $146,669 (-56%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2018

Assets$2,558,219
Liabilities$387,862
Net Assets$2,170,357
Open 2018 Filing

Operations Trend

Revenue Growth44th 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

2018

Revenue$1,658,268
Expenses$1,544,483
Net Income$113,785
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jul 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,087,567
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$1,610,288$1,804,255▲ $193,967
Savings and Temporary Cash Investments$340,662$752,141▲ $411,479
Prepaid Expenses and Deferred Charges$5,000$1,823▼ $3,177
Total Assets$1,955,950$2,558,219▲ $602,269
Liabilities
Accounts Payable and Accrued Expenses$275$387,862▲ $387,587
Total Liabilities$275$387,862▲ $387,587
Net Assets / Fund Balance
Unrestricted Net Assets$1,683,866$1,874,925▲ $191,059
Permanently Rstr Net Assets$253,190$254,190▲ $1,000
Temporarily Rstr Net Assets$18,619$41,242▲ $22,623
Total Net Assets Fund Balance$1,955,675$2,170,357▲ $214,682
Total Liabilities and Net Assets / Fund Balance$1,955,950$2,558,219▲ $602,269

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,649,922$33,692▲ $169,835-$1,827,173
2016$1,383,156$235,991▲ $45,728-$1,649,922
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
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Shelly MyersExecutive DirectorFT$49,102$62,380$111,482

Board Members and Trustees

NameTitle
Debbie KraskaPresident
Leah RennhackVice President
Christine RossDirector
Deanna TizlerDirector
Dr Ahu SiegDirector
Karen StoltenbergDirector
Kevin HansenDirector
Laura LuckettDirector
Leigh Rea SansoneDirector
Michael ColbyDirector
Wendy GreenwoodDirector
Zan JonesDirector
Debbie PiperFinance Director
Adam SmithSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,666,227
Program Service Revenue
$0
Investment Income
$69,836
Other Revenue
$-77,795
All Other Contributions
$1,075,075
Change in Net Assets
$113,785

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 Table289$124,440Retail Value
Securities Publicly Traded2$7,738Nyse
Total Noncash Contributions291$132,178-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,658,268
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$223,042
Total Revenue per Audited Statements
$1,881,310
Total Revenue per Form 990
$1,658,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,407,094
Total Fundraising Expense$91,320
Other Expenses$70,076
Salaries, Compensation, and Employee Benefits$67,313
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,407,094--$1,407,094
Current Officers, Directors, Trustees, and Key Employees--$48,450$48,450
Office Expenses-$15,094$16,862$31,956
Other Expenses-$8,145$7,145$15,290
Other Salaries and Wages--$12,774$12,774
Advertising-$9,503-$9,503
Fees for Services Accounting-$5,307-$5,307
Other Employee Benefits--$4,204$4,204
Information Technology-$3,018-$3,018
Fees for Services Other-$2,652-$2,652
Fees for Services Legal-$2,248-$2,248
Payroll Taxes--$1,885$1,885
Conferences and Meetings-$102-$102
Total Functional Expenses$1,407,094$46,069$91,320$1,544,483

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,666,628
Expenses per Audited Statements$1,544,483
Total Expenses per Form 990$1,544,483
Expenses Not Reported on Form 990$122,145
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.$1,407,094
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$122,145
Fundraising Gross Income$44,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gallery Night$332,940$31,950$22,630$9,320
Westlake Baja$302,562$12,400$27,572$-15,172
Total Events$635,502$44,350$122,145$-77,795
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
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 11B

“The form 990 is reviewed by the executive director and the finance director prior to being filed. 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
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Shelly Myers
Formed
2003
Legal Domicile
TX
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
90

Preparer

Firm
Weaver and Tidwell Llp
Address
2300 N FIELD ST STE 1000, DALLAS, TX 75201
Preparer
Ira L Nevelow
Phone
9724901970
Supplemental Narrative

Additional Explanations

Part XII, Line 2C Explanation

“No changes to method of accounting or audit committee procedures occurred during the fiscal year.”

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, 2018 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 122,145.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 122,145.”

Raw XML AppendixShowing 400 of 595 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/GainOrLossGrp/SecuritiesAmt013956
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt01407094
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01407094
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01407094
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0321110
IRS990/GrossReceiptsAmt02087567
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03018
IRS990/InformationTechnologyGrp/TotalAmt03018
IRS990/InvestmentIncomeGrp/ExclusionAmt055880
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055880
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01610288
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01804255
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0307154
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 PROVIDE STUDENTS WITH AN INTERNATIONALLY-MINDED EDUCATION OF THE HIGHEST QUALITY, SO THEY ARE WELL-BALANCED AND RESPECTFUL LIFE-LONG LEARNERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01955675
IRS990/NetAssetsOrFundBalancesEOYAmt02170357
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt013956
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013956
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-77795
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-77795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0100897
IRS990/NoncashContributionsAmt0132178
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt016862
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015094
IRS990/OfficeExpensesGrp/TotalAmt031956
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04204
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04204
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt07145
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08145
IRS990/OtherExpensesGrp/TotalAmt015290
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012774
IRS990/OtherSalariesAndWagesGrp/TotalAmt012774
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01885
IRS990/PayrollTaxesGrp/TotalAmt01885
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0253190
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0254190
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01823
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01663163
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01251715
IRS990/PYInvestmentIncomeAmt036697
IRS990/PYOtherExpensesAmt056451
IRS990/PYOtherRevenueAmt0-66082
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0260454
IRS990/PYSalariesCompEmpBnftPaidAmt065158
IRS990/PYTotalExpensesAmt01373324
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01633778
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0113785
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0340662
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0752141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01666227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01663163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01337363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01422196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01242245
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07331194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt055880
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018922
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0136499
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt044350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt052670
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt053050
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt053740
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt047750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0251560
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94970
IRS990ScheduleA/PublicSupportPY170Pct00.90750
IRS990ScheduleA/PublicSupportTotal170Amt07331194
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01666227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01663163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01337363
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01422196
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01242245
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07331194
IRS990ScheduleA/TotalSupportAmt07719253
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.52810
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt013776
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01649922
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt033692
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01827173
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt012500
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0169835
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt012453
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01383156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0235991
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01649922
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045728
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07832
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01310457
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt032111
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01383156
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050920
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07781
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01307545
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt048124
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01310457
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01200
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-36231
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0901000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0273518
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01307545
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0133027
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0122145
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01544483
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0100897
IRS990ScheduleD/OtherExpensesIncludedAmt0122145
IRS990ScheduleD/OtherRevenueAmt0122145
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.40600
IRS990ScheduleD/RevenueNotReportedAmt0223042
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01658268
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, 2018 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 122,145.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 122,145.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.06590
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01544483
IRS990ScheduleD/TotalRevenuePerForm990Amt01658268
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01881310
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01666628
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt01043
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01043
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0591152
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0300990
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0290162
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0122145
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt011099
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt011099
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt030896
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt016867
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt047763
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0332940

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,558,219
Liabilities
$387,862
Net assets
$2,170,357
Revenue
$1,658,268
Expenses
$1,544,483
Net income
$113,785
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
2018Detailed filing. Detailed filing data is available for this year.$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