Civic Intelligence

Livonia Public Schools Foundation Inc.

990 • Fiscal year 2019 • EIN 20-1085968

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

Organization ProfileWWW.LPSFOUNDATION.ORG
15125 Farmington RdLivonia, MI 48154

(734) 744-2510

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-2.6%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,049,487

Up $101,965 (+11%) from 2018

Net Assets

Up

$1,049,487

Up $101,965 (+11%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin95th percentile

Revenue

Down

$130,938

Down $3,498 (-2.6%) from 2018

Expenses

Down

$42,424

Down $16,667 (-28%) from 2018

Net Income

Up

$88,514

Up $13,169 (+17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $513,032Liabilities 2012: $70,620Net Assets 2012: $442,4122012Assets 2013: $599,391Liabilities 2013: $0Net Assets 2013: $599,3912013Assets 2014: $656,658Liabilities 2014: $0Net Assets 2014: $656,6582014Assets 2015: $706,763Liabilities 2015: $0Net Assets 2015: $706,7632015Assets 2016: $742,751Liabilities 2016: $0Net Assets 2016: $742,7512016Assets 2017: $835,622Liabilities 2017: $0Net Assets 2017: $835,6222017Assets 2018: $947,522Liabilities 2018: $0Net Assets 2018: $947,5222018Assets 2019: $1,049,487Liabilities 2019: $0Net Assets 2019: $1,049,4872019Assets 2020: $1,153,868Liabilities 2020: $0Net Assets 2020: $1,153,8682020Assets 2021: $574,027Liabilities 2021: $0Net Assets 2021: $574,0272021Assets 2022: $549,217Liabilities 2022: $0Net Assets 2022: $549,2172022Assets 2023: $1,285,136Liabilities 2023: $2,525Net Assets 2023: $1,282,6112023Assets 2024: $1,407,510Liabilities 2024: $1,004Net Assets 2024: $1,406,5062024Assets 2025: $1,523,107Liabilities 2025: $4,017Net Assets 2025: $1,519,0902025

Highlighted filing

2019

Assets$1,049,487
Liabilities$0
Net Assets$1,049,487
Open 2019 Filing

Operations Trend

Revenue Growth33rd percentile

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

$200K$100K$0-$100KRevenue 2012: $107,905Expenses 2012: $9,033Net Income 2012: $98,8722012Expenses 2013: $7,3932013Revenue 2014: $88,164Expenses 2014: $44,857Net Income 2014: $43,3072014Revenue 2015: $108,080Expenses 2015: $48,313Net Income 2015: $59,7672015Revenue 2016: $117,656Expenses 2016: $50,313Net Income 2016: $67,3432016Revenue 2017: $108,722Expenses 2017: $52,556Net Income 2017: $56,1662017Revenue 2018: $134,436Expenses 2018: $59,091Net Income 2018: $75,3452018Revenue 2019: $130,938Expenses 2019: $42,424Net Income 2019: $88,5142019Revenue 2020: $176,748Expenses 2020: $72,368Net Income 2020: $104,3802020Revenue 2021: $115,213Expenses 2021: $73,309Net Income 2021: $41,9042021Revenue 2022: $85,270Expenses 2022: $159,450Net Income 2022: -$74,1802022Revenue 2023: $118,401Expenses 2023: $120,126Net Income 2023: -$1,7252023Revenue 2024: $130,663Expenses 2024: $138,445Net Income 2024: -$7,7822024Revenue 2025: $136,977Expenses 2025: $139,220Net Income 2025: -$2,2432025

Highlighted filing

2019

Revenue$130,938
Expenses$42,424
Net Income$88,514
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$146,125
Mission and Program Overview

Mission

To provide resources for the enrichment of students in the livonia public schools district and contributing to the establishement of college savings programs.

To provide resources for the enrichment of students in the livonia public schools district; and contributing to the establishment of college savings programs for students entering kindergarten, while educating parents on the benefits of college savings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$455,344$492,520▲ $37,176
Investments Program Related$377,624$435,359▲ $57,735
Savings and Temporary Cash Investments$101,267$107,759▲ $6,492
Investments Other Securities$12,661$13,045▲ $384
Cash and Non-Interest-Bearing Accounts$626$804▲ $178
Total Assets$947,522$1,049,487▲ $101,965
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$569,898$1,049,487▲ $479,589
Temporarily Rstr Net Assets$377,624--
Total Net Assets Fund Balance$947,522$1,049,487▲ $101,965
Total Liabilities and Net Assets / Fund Balance$947,522$1,049,487▲ $101,965

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$435,359--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Diane R PolicelliPresident
Cathy CondonDirector
Ernest NataliniDirector
Jill WozniakDirector
Liz JarvisDirector
Paul CondonDirector
Randy LiepaDirector
Randy RoulierDirector
Mark JohnsonLps Board Pr
Jay YoungCo-secretary
Lorna DurandCo-secretary
Andrea OquistSuperintende
Ron KulczyckiTreasurer
Lynda ScheelVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$108,440
Program Service Revenue
$0
Investment Income
$37,685
Other Revenue
$-15,187
All Other Contributions
$82,681
Change in Net Assets
$88,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$141,996
Revenue Not Reported on Financial Statements
$-11,058
Revenue Not Reported on Form 990
$13,451
Other Revenue Adjustments
$-15,187
Total Revenue per Audited Statements
$155,447
Total Revenue per Form 990
$130,938
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$31,453
Other Expenses$10,971
Total Fundraising Expense$547
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$31,453--$31,453
Fees for Service Investment Mgmnt Fees-$4,129-$4,129
Fees for Services Accounting-$3,100-$3,100
Office Expenses-$1,722-$1,722
Insurance-$1,000-$1,000
Fees for Services Other--$547$547
Other Expenses-$53-$53
Total Functional Expenses$31,453$10,424$547$42,424

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$53,482
Total Expenses per Form 990$42,424
Expenses per Audited Statements$38,295
Expenses Not Reported on Form 990$15,187
Expenses Not Reported on Financial Statements$4,129
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,187
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Back to School$18,398---
Luncheon$7,361---
Total Events$25,759-$15,187$-15,187
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
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, Page 6, Part VI, Line 11B

“Form 990 is made available in the office for all directors and officers for review prior to submission. A written notice was sent to each director and officer informing them of this availability.”

Form 990, Page 6, Part VI, Line 19

“An annual report is prepared and made available on the foundation website. All governing documents, policies, and reports are available to the public in the foundation office, as requested.”

Filing and Contact Details

Filer

Filer Name
Lps Education Foundation Inc
EIN
20-1085968
Phone
7347442510
Address
15125 FARMINGTON RD, LIVONIA, MI 48154

Signing Officer

Name
Diane R Policelli
Title
President
Phone
7347442510
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diane R Policelli
Formed
2004
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
75

Preparer

Firm
Cole Newton & Duran Cpas
Address
33762 SCHOOLCRAFT RD, LIVONIA, MI 48150
Preparer
Brian Sutton
Phone
7344272030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide resources for the enrichment of students in the livonia public schools district; and contributing to the establishment of college savings programs for the students entering kindergarten, while educating the parents on the benefits of college savings.”

Form 990, Part XI, Line 9

“Fundraising expense 15,187 fundraising expense -15,187”

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has analyzed the tax positions taken by the foundation and has concluded that as of june 30, 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.”

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

“Fundraising expense -15,187”

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

“Fundraising expense 15,187”

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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/OtherExpensesGrp/TotalAmt0420
IRS990/OtherExpensesGrp/TotalAmt153
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DIANE R POLICELLI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0124371
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt046000
IRS990/PYInvestmentIncomeAmt023531
IRS990/PYOtherExpensesAmt013091
IRS990/PYOtherRevenueAmt0-13466
IRS990/PYRevenuesLessExpensesAmt075345
IRS990/PYTotalExpensesAmt059091
IRS990/PYTotalRevenueAmt0134436
IRS990/ReconcilationRevenueExpnssAmt088514
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101267
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107759
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FUNDRAISING INCOME 110,316
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0108440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0101465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0101755
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0106493
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0103699
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0521852
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt037685
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt023531
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt018658
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt025037
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt016951
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0121862
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt037685
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt023531
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt018658
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt025037
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt016951
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0121862
IRS990ScheduleA/InvestmentIncomeCYPct00.16000
IRS990ScheduleA/InvestmentIncomePYPct00.13000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt022906
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt017470
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt033223
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt036717
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0110316
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.69210
IRS990ScheduleA/PublicSupportPY509Pct00.67940
IRS990ScheduleA/PublicSupportTotal509Amt0521852
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0108440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0101465
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101755
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0106493
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0103699
IRS990ScheduleA/Total509Grp/TotalAmt0521852
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0146125
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0147902
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0137883
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0164753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0157367
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0754030
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/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExpensesNotReportedAmt015187
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04129
IRS990ScheduleD/ExpensesSubtotalAmt038295
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04129
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04129
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0435359
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0SECTION 529 ACCOUNTS FOR STUDENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013451
IRS990ScheduleD/OtherExpensesIncludedAmt015187
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-15187
IRS990ScheduleD/RevenueNotReportedAmt013451
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-11058
IRS990ScheduleD/RevenueSubtotalAmt0141996
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSE -15,187
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSE 15,187
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/TotalBookValueProgramRltdAmt0435359
IRS990ScheduleD/TotalExpensesPerForm990Amt042424
IRS990ScheduleD/TotalRevenuePerForm990Amt0130938
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0155447
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt053482
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt025759
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt018398
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt07361
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015187
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt011937
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt03250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt015187
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BACK TO SCHOOL
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0LUNCHEON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018398
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt07361
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt025759
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15187
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031453
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TEACHERS GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt024
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THIS PROGRAM OFFERS A DONATION OF 100 TO EACH KINDERGARTEN STUDENT IN THE LIVONIA PUBLIC SCHOOL DISTRICT THROUGH A 529 COLLEGE SAVINGS PROGRAM WITH PARENTS PERMISSION TO HELP PAY FOR THE COST OF THE STUDENT'S COLLEGE EDUCATION. ONCE THE STUDENT GRADUATES FROM LIVONIA PUBLIC SCHOOLS, THE VALUE OF THE MESP ACCOUNT FOR THAT KINDERGARTEN CLASS YEAR, INCLUDING INTEREST EARNED ON THE ACCOUNTS, IS DIVIDED AMONG ELIGIBLE STUDENTS AND DISTRIBUTED TO HELP PAY COLLEGE COSTS FOR STUDENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE RESOURCES FOR THE ENRICHMENT OF STUDENTS IN THE LIVONIA PUBLIC SCHOOLS DISTRICT; AND CONTRIBUTING TO THE ESTABLISHMENT OF COLLEGE SAVINGS PROGRAMS FOR THE STUDENTS ENTERING KINDERGARTEN, WHILE EDUCATING THE PARENTS ON THE BENEFITS OF COLLEGE SAVINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS MADE AVAILABLE IN THE OFFICE FOR ALL DIRECTORS AND OFFICERS FOR REVIEW PRIOR TO SUBMISSION. A WRITTEN NOTICE WAS SENT TO EACH DIRECTOR AND OFFICER INFORMING THEM OF THIS AVAILABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ANNUAL REPORT IS PREPARED AND MADE AVAILABLE ON THE FOUNDATION WEBSITE. ALL GOVERNING DOCUMENTS, POLICIES, AND REPORTS ARE AVAILABLE TO THE PUBLIC IN THE FOUNDATION OFFICE, AS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSE 15,187 FUNDRAISING EXPENSE -15,187
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0377624
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0947522
IRS990/TotalAssetsEOYAmt01049487
IRS990/TotalAssetsGrp/BOYAmt0947522
IRS990/TotalAssetsGrp/EOYAmt01049487
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0108440
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0547
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010424
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt031453
IRS990/TotalFunctionalExpensesGrp/TotalAmt042424
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0947522
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01049487
IRS990/TotalProgramServiceExpensesAmt031453
IRS990/TotalRevenueGrp/ExclusionAmt037685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0130938
IRS990/TotalVolunteersCnt075

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,049,487
Liabilities
$0
Net assets
$1,049,487
Revenue
$130,938
Expenses
$42,424
Net income
$88,514
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.14$0.14$0.00
2024Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.13$0.14$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.28$0.12$0.12$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.09$0.16$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.12$0.07$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.15$0.18$0.07$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.13$0.04$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$0.13$0.06$0.08
2017Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.11$0.05$0.06
2016Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$0.12$0.05$0.07
2015Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$0.11$0.05$0.06
2014Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.09$0.04$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.01
2012Summary only. Only limited summary data is available for this year.$0.51$0.07$0.44$0.11$0.01$0.10