Civic Intelligence

Westlake Academy Foundation

990 • Fiscal year 2020 • EIN 20-0033926

Sep 01, 2019 to Aug 31, 2020 • Filed on Jul 15, 2021

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

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$257,579

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-7.8%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$2,677,971

Up $297,328 (+12%) from 2019

Net Assets

Up

$2,669,561

Up $288,918 (+12%) from 2019

Liabilities

Up

$8,410

Up $8,410 from 2019

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin64th percentile

Revenue

Down

$1,623,760

Down $138,212 (-7.8%) from 2019

Expenses

Down

$1,407,200

Down $81,930 (-5.5%) from 2019

Net Income

Down

$216,560

Down $56,282 (-21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2020

Assets$2,677,971
Liabilities$8,410
Net Assets$2,669,561
Open 2020 Filing

Operations Trend

Revenue Growth35th 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

2020

Revenue$1,623,760
Expenses$1,407,200
Net Income$216,560
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 15, 2021
Return Version
2019v5.2
Gross Receipts
$1,897,449
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$1,831,544$1,927,540▲ $95,996
Savings and Temporary Cash Investments$547,114$744,789▲ $197,675
Investments Other Securities-$5,642-
Prepaid Expenses and Deferred Charges$1,985$0▼ $1,985
Total Assets$2,380,643$2,677,971▲ $297,328
Liabilities
Accounts Payable and Accrued Expenses$0$8,410▲ $8,410
Total Liabilities$0$8,410▲ $8,410
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,096,480$2,371,259▲ $274,779
Net Assets With Donor Restrictions$284,163$298,302▲ $14,139
Total Net Assets Fund Balance$2,380,643$2,669,561▲ $288,918
Total Liabilities and Net Assets / Fund Balance$2,380,643$2,677,971▲ $297,328

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,865,084$25,903▲ $153,125-$2,021,775
2018$1,827,173$32,210▲ $22,761-$1,865,084
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
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Dr Shelly MyersExecutive DirectorFT$112,620$112,620

Board Members and Trustees

NameTitle
Christine RossPresident
Leah RennhackVice President
Debbie KraskaDirector
Dr Ahu SiegDirector
Karen StoltenbergDirector
Laura LuckettDirector
Leigh Rea SansoneDirector
Meghan DorrDirector
Michael ColbyDirector
Zan JonesDirector
Debbie PiperFinance Director
Wendy GreenwoodSecretary
Sean ShopeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,618,821
Program Service Revenue
$0
Investment Income
$81,835
Other Revenue
$-76,896
All Other Contributions
$1,053,311
Change in Net Assets
$216,560

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 Table189$106,340Retail Value
Securities Publicly Traded3$11,267Nyse
Total Noncash Contributions192$117,607-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,623,760
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$187,679
Total Revenue per Audited Statements
$1,811,439
Total Revenue per Form 990
$1,623,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,346,016
Other Expenses$61,184
Total Fundraising Expense$2,276
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,346,016--$1,346,016
Office Expenses-$18,936$1,302$20,238
Information Technology-$13,006-$13,006
Advertising-$11,194-$11,194
Fees for Services Accounting-$9,800-$9,800
Fees for Services Other-$1,202-$1,202
Conferences and Meetings-$374$466$840
Other Expenses-$346$508$346
Total Functional Expenses$1,346,016$58,908$2,276$1,407,200

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,522,521
Expenses per Audited Statements$1,407,200
Total Expenses per Form 990$1,407,200
Expenses Not Reported on Form 990$115,321
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.$1,346,016
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$115,321
Fundraising Gross Income$37,150
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gallery Night$227,415$23,131$36,201$-13,070
Westlake Baja$375,245$14,019$23,094$-9,075
Total Events$602,660$37,150$115,321$-78,171
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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
Ginger R Awtry
Title
Director of Finance
Phone
8174905722
Signed
2021-07-15
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, 2020 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 115,321.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 115,321.”

Raw XML AppendixShowing 400 of 575 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/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0158368
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/NetAssetsOrFundBalancesBOYAmt02380643
IRS990/NetAssetsOrFundBalancesEOYAmt02669561
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt013762
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013762
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-78171
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-78171
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt072358
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02096480
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02371259
IRS990/NoncashContributionsAmt0117607
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt01302
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018936
IRS990/OfficeExpensesGrp/TotalAmt020238
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0508
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1346
IRS990/OtherExpensesGrp/TotalAmt04558
IRS990/OtherExpensesGrp/TotalAmt1346
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt01275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01275
IRS990/OtherRevenueTotalAmt01275
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01985
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DR SHELLY MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01748516
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01331856
IRS990/PYInvestmentIncomeAmt085446
IRS990/PYOtherExpensesAmt090220
IRS990/PYOtherRevenueAmt0-71990
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0272842
IRS990/PYSalariesCompEmpBnftPaidAmt067054
IRS990/PYTotalExpensesAmt01489130
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01761972
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0216560
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0547114
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0744789
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01053311
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01748516
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01666227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01663163
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01337363
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07468580
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt068073
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt078048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt055880
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026945
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015907
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0244853
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt037150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt041700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt044350
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt052670
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt053050
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0228920
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94030
IRS990ScheduleA/PublicSupportPY170Pct00.94670
IRS990ScheduleA/PublicSupportTotal170Amt07468580
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01053311
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01748516
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01666227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01663163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01337363
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07468580
IRS990ScheduleA/TotalSupportAmt07942353
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/BoardDesignatedBalanceEOYPct00.88830
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt014509
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01865084
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt025903
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02021775
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt07828
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0153125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt011154
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01827173
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt032210
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01865084
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt05906
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022761
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt013776
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01649922
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt033692
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01827173
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt012500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0169835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012453
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01383156
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0235991
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01649922
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt045728
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07832
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01310457
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt032111
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01383156
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt02500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050920
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0115321
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01407200
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt072358
IRS990ScheduleD/OtherExpensesIncludedAmt0115321
IRS990ScheduleD/OtherRevenueAmt0115321
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.11170
IRS990ScheduleD/RevenueNotReportedAmt0187679
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01623760
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, 2020 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 115,321.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE 115,321.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01407200
IRS990ScheduleD/TotalRevenuePerForm990Amt01623760
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01811439
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01522521
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0565510
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0204284
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt0361226
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0115321
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt05725
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt05725
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALLERY NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0WESTLAKE BAJA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt031433
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt018868
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt050301
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0227415
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0375245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0602660
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt023131

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,677,971
Liabilities
$8,410
Net assets
$2,669,561
Revenue
$1,623,760
Expenses
$1,407,200
Net income
$216,560
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
2020Detailed filing. Detailed filing data is available for this year.$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