Civic Intelligence

Carbonfundorg Foundation Inc

990 • Fiscal year 2020 • EIN 20-0231609

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 06, 2021

853 Main StreetEast Aurora, NY 14052

(240) 247-0630

Siviq Scores

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

Liabilities / Assets

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.15x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

86th percentile

37%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$502,567

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

74th percentile

20%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-19%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$15,899,226

Up $2,631,097 (+20%) from 2019

Net Assets

Up

$15,237,372

Up $2,613,316 (+21%) from 2019

Liabilities

Up

$661,854

Up $17,781 (+2.8%) from 2019

Revenue

Down

$4,336,813

Down $1,037,012 (-19%) from 2019

Expenses

Up

$2,743,900

Up $82,689 (+3.1%) from 2019

Net Income

Down

$1,592,913

Down $1,119,701 (-41%) from 2019

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $4,824,242Liabilities 2010: $640,064Net Assets 2010: $4,184,1782010Assets 2011: $6,158,327Liabilities 2011: $846,831Net Assets 2011: $5,311,4962011Assets 2012: $6,053,954Liabilities 2012: $405,457Net Assets 2012: $5,648,4972012Assets 2013: $5,858,264Liabilities 2013: $100,335Net Assets 2013: $5,757,9292013Assets 2014: $6,827,041Liabilities 2014: $289,285Net Assets 2014: $6,537,7562014Assets 2015: $7,864,227Liabilities 2015: $231,896Net Assets 2015: $7,632,3312015Assets 2016: $8,737,754Liabilities 2016: $336,940Net Assets 2016: $8,400,8142016Assets 2017: $9,533,200Liabilities 2017: $223,518Net Assets 2017: $9,309,6822017Assets 2018: $10,332,990Liabilities 2018: $621,073Net Assets 2018: $9,711,9172018Assets 2019: $13,268,129Liabilities 2019: $644,073Net Assets 2019: $12,624,0562019Assets 2020: $15,899,226Liabilities 2020: $661,854Net Assets 2020: $15,237,3722020Assets 2021: $24,217,627Liabilities 2021: $4,083,224Net Assets 2021: $20,134,4032021Assets 2022: $31,227,885Liabilities 2022: $1,786,996Net Assets 2022: $29,440,8892022Assets 2023: $32,629,202Liabilities 2023: $218,781Net Assets 2023: $32,410,4212023Assets 2024: $33,734,030Liabilities 2024: $426,657Net Assets 2024: $33,307,3732024

Highlighted filing

2020

Assets$15,899,226
Liabilities$661,854
Net Assets$15,237,372

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $1,655,5422010Expenses 2011: $1,783,4362011Expenses 2012: $1,622,5362012Revenue 2013: $2,237,807Expenses 2013: $2,158,911Net Income 2013: $78,8962013Revenue 2014: $3,948,248Expenses 2014: $3,141,374Net Income 2014: $806,8742014Revenue 2015: $2,676,826Expenses 2015: $1,451,674Net Income 2015: $1,225,1522015Revenue 2016: $2,187,668Expenses 2016: $1,750,096Net Income 2016: $437,5722016Revenue 2017: $2,691,316Expenses 2017: $2,508,114Net Income 2017: $183,2022017Revenue 2018: $3,245,475Expenses 2018: $2,584,671Net Income 2018: $660,8042018Revenue 2019: $5,373,825Expenses 2019: $2,661,211Net Income 2019: $2,712,6142019Revenue 2020: $4,336,813Expenses 2020: $2,743,900Net Income 2020: $1,592,9132020Revenue 2021: $8,709,351Expenses 2021: $5,547,022Net Income 2021: $3,162,3292021Revenue 2022: $28,831,424Expenses 2022: $16,281,832Net Income 2022: $12,549,5922022Revenue 2023: $5,482,060Expenses 2023: $2,288,844Net Income 2023: $3,193,2162023Revenue 2024: $1,568,544Expenses 2024: $3,618,062Net Income 2024: -$2,049,5182024

Highlighted filing

2020

Revenue$4,336,813
Expenses$2,743,900
Net Income$1,592,913
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 6, 2021
Return Version
2020v4.0
Gross Receipts
$5,031,382
Mission and Program Overview

Mission

Our mission is to reduce the impact of climate change through the reduction of carbon dioxide emissions, educate the public about the issues of climate change, support renewable energy, energy efficiency, and forestry projects, and seek ways to have a cleaner and healthier environment.

Reducing the impact of climate change through reduction of co2 emissions, education, renewable and efficient energy, and forestry projects for a cleaner and healthier environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,339,078$11,930,120▲ $3,591,042
Cash and Non-Interest-Bearing Accounts$2,086,477$1,842,194▼ $244,283
Inventories for Sale or Use$919,658$1,097,134▲ $177,476
Savings and Temporary Cash Investments$308,036$295,574▼ $12,462
Pledges and Grants Receivable$486,671$192,250▼ $294,421
Intangible Assets$91,721$84,423▼ $7,298
Accounts Receivable$606,516$28,539▼ $577,977
Land, Buildings, and Equipment, Net$2,527$1,547▼ $980
Total Assets$13,268,129$15,899,226▲ $2,631,097
Other Assets Total$427,445$427,445→ $0
Liabilities
Deferred Revenue$157,002$306,218▲ $149,216
Unsecured Notes Loans Payable-$178,852-
Accounts Payable and Accrued Expenses$487,071$176,784▼ $310,287
Total Liabilities$644,073$661,854▲ $17,781
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,472,612$13,722,581▲ $3,249,969
Net Assets With Donor Restrictions$2,151,444$1,514,791▼ $636,653
Total Net Assets Fund Balance$12,624,056$15,237,372▲ $2,613,316
Total Liabilities and Net Assets / Fund Balance$13,268,129$15,899,226▲ $2,631,097

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,547$1,393$2,940
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric CarlsonPresidentFT$367,358$135,209$502,567
Brian McfarlandSr. VP of PrFT$180,058$3,947$184,005
Brian McfarlandSr. VP of Projects-$151,697$48,140$184,005
Jarett EmertVP of PartneFT$158,148$20,867$179,015
Jarett EmertVP of Partnerships-$128,605$44,116$179,015
Linda KellyVP of PartneFT$144,611$14,905$159,516
Linda KellyVP of Partnerships-$130,582$19,396$159,516
Nicholas HerculesCamp DirectoFT$108,915$21,851$130,766
Suzanne KaufmanFinance ManaPT$74,269-$74,269
W Paul RowlandChairman-$4,752-$4,752

Board Members and Trustees

NameTitle
L Hunter LovinsDirector
Mark ReesDirector
Reed SpellmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Camp Profiles LLCWebsite300 MASSACHUSETTS AVE, Boston, MA 02155$109,849
Revenue and Support

Revenue Composition

Contributions and Grants
$3,622,874
Program Service Revenue
$0
Investment Income
$151,497
Other Revenue
$562,442
All Other Contributions
$3,165,659
Change in Net Assets
$1,592,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,879,598
Revenue Not Reported on Financial Statements
$457,215
Revenue Not Reported on Form 990
$1,342,097
Other Revenue Adjustments
$457,215
Total Revenue per Audited Statements
$5,221,695
Total Revenue per Form 990
$4,336,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,441,926
Salaries, Compensation, and Employee Benefits$1,301,974
Total Fundraising Expense$72,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$596,944--$596,944
Current Officers, Directors, Trustees, and Key Employees$472,075$68,171$42,278$582,524
Fees for Services Other$92,839$88,433-$181,272
Advertising$99,223--$99,223
Information Technology$39,139$20,553$19,611$79,303
Fees for Services Lobbying$70,000--$70,000
Payroll Taxes$62,776$3,546$2,364$68,686
Occupancy$57,008--$57,008
Other Employee Benefits$45,948--$45,948
Depreciation Depletion$41,281--$41,281
Insurance$15,128$12,087-$27,215
Travel$24,779$1,773-$26,552
Fees for Services Accounting-$20,705-$20,705
Other Expenses$2,986$4,015$7,801$14,802
All Other Expenses$8,351$2,088-$10,439
Fees for Services Legal-$9,792-$9,792
Pension Plan Contributions$7,872--$7,872
Office Expenses-$6,302-$6,302
Total Functional Expenses$2,434,381$237,465$72,054$2,743,900

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,743,900
Total Expenses per Audited Statements$2,516,612
Expenses per Audited Statements$2,303,612
Expenses Not Reported on Financial Statements$440,288
Other Expense Adjustments$440,288
Expenses Not Reported on Form 990$213,000
International Activity

International Summary

Employees
1
Spending
$533,894

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesCarbon Credit Produc-1$533,894
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The draft 990 is reviewed in detail by the finance manager, treasurer, and president before filing.

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

The foundation addresses conflicts of interest on a regular basis for both the governing body as well as employees. This is typically done during senior management and board meetings, and in accordance with the foundations written conflict of interest policy and procedures. Board members are asked to excuse themselves from a discussion or vote if there is a conflict of interest. All new employees are required to read the employee handbook and acknowledge the receipt of it by signing it. The handbook contains the conflict of interest policy.

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

The salary of the president of the organization is determined using an independent contractor who determines a salary range which is on par industry peers. The board is responsible for setting the salary within this range.

Form 990, Page 6, Part VI, Line 17

Massachusetts, maryland, maine, michigan, minnesota, north carolina, new hampshire, new jersey, new mexico, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, washington, wisconsin, west virginia

Form 990, Page 6, Part VI, Line 19

The foundation's governing documents and conflict of interest policy are made available upon request. The foundation's financial statements are available on their website as well as upon request.

Filing and Contact Details

Filer

Filer Name
Carbonfundorg Foundation Inc
EIN
20-0231609
Phone
2402470630
Address
853 MAIN STREET, EAST AURORA, NY 14052

Signing Officer

Name
Suzanne Kaufman
Title
Finance Manager
Phone
2402470630
Signed
2021-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Carlson
Formed
2003
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
17

Preparer

Firm
Brown Schultz Sheridan & Fritz
Address
205 EAST MAIN STREET, WESTMINSTER, MD 21157
Preparer
Wanda K Lynn CPA
Phone
4108763990
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to reduce the impact of climate change through the reduction of carbon dioxide emissions, educate the public about the issues of climate change, support renewable energy, energy efficiency, and forestry projects, and seek ways to have a cleaner and healthier environment.

Form 990

The board of directors and management were committed to selling camp quinebarge to a buyer who would retain the camp's current management and related operations. The sale of the camp was finalized in april 2021.

Form 990, Part XI, Line 9

Impairment loss on camp q -108,694 loss on uncollectible pledge -213,000 total -321,694

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is incorporated under the laws of the state of delaware as a nonprofit organization. The foundation has elected under provisions of internal revenue code section 501(c)(3) and state income tax statues to be excluded from taxes on exempt function income. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b) (1)(a) and has been classified as an organization other than a private foundation under section 509(a)(1). Therefore, no provision is made for taxes on income. The subsidiary has elected under the internal revenue code to be taxed as a disregarded entity for federal and state income tax purposes. As a disregarded entity, its existence will be ignored for federal income tax purposes and all of the profits, losses, credits and deductions of the entity are passed through to the foundation. Therefore, no provision or liability for federal income taxes has been included in these consolidating financial statements. The foundation files tax returns for unrelated business income as necessary. The foundation and subsidiary generally have no sources of unrelated business income as the subsidiary's activities relate to the exempt purpose of the foundation. For the years ended december 31, 2020 and 2019, the foundation incurred no income tax expense.

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

Revenue from discontinued operations 457,215

Schedule D, Page 4, Part XII, Line 2D

Loss on uncollectible pledge 213,000

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

Expenses from discontinued operations 440,288

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SR. VP OF PR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF PARTNE
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF PARTNE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CAMP DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt5FINANCE MANA
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/MissionDesc0OUR MISSION IS TO REDUCE THE IMPACT OF CLIMATE CHANGE THROUGH THE REDUCTION OF CARBON DIOXIDE EMISSIONS, EDUCATE THE PUBLIC ABOUT THE ISSUES OF CLIMATE CHANGE, SUPPORT RENEWABLE ENERGY, ENERGY EFFICIENCY, AND FORESTRY PROJECTS, AND SEEK WAYS TO HAVE A CLEANER AND HEALTHIER ENVIRONMENT.
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0RETIREMENT OF CARBON OFFS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSES
IRS990/OtherExpensesGrp/Desc2CAMP Q ACTIVITIES & MEALS
IRS990/OtherExpensesGrp/Desc3LICENSES AND PERMITS
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0596944
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt02364
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03546
IRS990/PayrollTaxesGrp/ProgramServicesAmt062776
IRS990/PayrollTaxesGrp/TotalAmt068686
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07872
IRS990/PensionPlanContributionsGrp/TotalAmt07872
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0486671
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0192250
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ERIC CARLSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0CAMP QUINEBARGE IN MOULTONBOROUGH, NEW HAMPSHIRE FOCUSES ON HELPING CHILDREN DEVELOP AN APPRECIATION FOR NATURE, THE ENVIRONMENT AND THE OUTDOORS, ALONG WITH AN ACTIVE LIFESTYLE. CAMP QUINEBARGE WAS NOT OPEN FOR THE 2020 CAMPING SEASON DUE TO THE COVID-19 PANDEMIC.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0434836
IRS990/ProgSrvcAccomActy3Grp/Desc0CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE FOUNDATION, CONTINUED TO ADVISE AND ASSIST WITH THE IMPLEMENTATION OF FOUR REDD+ CARBON REDUCTION PROJECTS IN THE ACRE, BRAZIL, HELPING TO PRESERVE 750,000 ACRES, VERIFYING THE CARBON REDUCTIONS, ALONG WITH THE COMMUNITY AND BIODIVERSITY BENEFITS TO THE HIGHEST INTERNATIONAL STANDARDS, INCLUDING VCS AND CCBS WITH GOLD LEVEL DISTINCTION.
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYProgramServiceRevenueAmt01019580
IRS990/PYRevenuesLessExpensesAmt02712614
IRS990/PYSalariesCompEmpBnftPaidAmt01391972
IRS990/PYTotalExpensesAmt02661211
IRS990/PYTotalRevenueAmt05373825
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01592913
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0308036
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01675231
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0144367
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0173756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0154833
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0136672
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0117518
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06438787
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.84880
IRS990ScheduleA/PublicSupportPY170Pct00.80720
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IRS990ScheduleA/SubstantialContributorsTotAmt01328923
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt08110
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt064660
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0true
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CARBONFUND.ORG FOUNDATION, INC. WORKED WITH AN INDEPENDENT CONSULTING GROUP TO OBTAIN INSIGHT INTO LEGISLATION AND REGULATIONS REGARDING CARBON CREDITS AND ENVIRONMENTAL ISSUES. THE GROUP ALSO HAS HELPED THE ORGANIZATION COMMUNICATE THEIR MESSAGE TO KEY DECISION MAKERS, IN TERMS OF PROMOTING CLIMATE CHANGE MITIGATION AND THE SPECIFIC ROLE CARBON REDUCTION CAN PLAY IN THE EFFORTS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
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IRS990ScheduleC/VolunteersInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE AS A NONPROFIT ORGANIZATION. THE FOUNDATION HAS ELECTED UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND STATE INCOME TAX STATUES TO BE EXCLUDED FROM TAXES ON EXEMPT FUNCTION INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THEREFORE, NO PROVISION IS MADE FOR TAXES ON INCOME. THE SUBSIDIARY HAS ELECTED UNDER THE INTERNAL REVENUE CODE TO BE TAXED AS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES. AS A DISREGARDED ENTITY, ITS EXISTENCE WILL BE IGNORED FOR FEDERAL INCOME TAX PURPOSES AND ALL OF THE PROFITS, LOSSES, CREDITS AND DEDUCTIONS OF THE ENTITY ARE PASSED THROUGH TO THE FOUNDATION. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATING FINANCIAL STATEMENTS. THE FOUNDATION FILES TAX RETURNS FOR UNRELATED BUSINESS INCOME AS NECESSARY. THE FOUNDATION AND SUBSIDIARY GENERALLY HAVE NO SOURCES OF UNRELATED BUSINESS INCOME AS THE SUBSIDIARY'S ACTIVITIES RELATE TO THE EXEMPT PURPOSE OF THE FOUNDATION. FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, THE FOUNDATION INCURRED NO INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REVENUE FROM DISCONTINUED OPERATIONS 457,215
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON UNCOLLECTIBLE PLEDGE 213,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES FROM DISCONTINUED OPERATIONS 440,288
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05221695
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02516612
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.7$0.43$33.3$1.57$3.62$2.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$0.22$32.4$5.48$2.29$3.19
2022Detailed filing. Detailed filing data is available for this year.$31.2$1.79$29.4$28.8$16.3$12.5
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$4.08$20.1$8.71$5.55$3.16
2020Detailed filing. Detailed filing data is available for this year.$15.9$0.66$15.2$4.34$2.74$1.59
2019Detailed filing. Detailed filing data is available for this year.$13.3$0.64$12.6$5.37$2.66$2.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.62$9.71$3.25$2.58$0.66
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.53$0.22$9.31$2.69$2.51$0.18
2016Detailed filing. Detailed filing data is available for this year.$8.74$0.34$8.40$2.19$1.75$0.44
2015Detailed filing. Detailed filing data is available for this year.$7.86$0.23$7.63$2.68$1.45$1.23
2014Detailed filing. Detailed filing data is available for this year.$6.83$0.29$6.54$3.95$3.14$0.81
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.86$0.10$5.76$2.24$2.16$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.41$5.65$1.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.16$0.85$5.31$1.78
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.82$0.64$4.18$1.66