Civic Intelligence

Massasoit Community College Foundation Inc.

990 • Fiscal year 2015 • EIN 23-7100537

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 28, 2016

Organization ProfileWWW.MASSASOIT.MASS.EDU
One Massasoit BlvdBrockton, MA 02302

(508) 588-9100

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

32nd percentile

0.04x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

56th percentile

2.4%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$1,609,439

Up $37,583 (+2.4%) from 2014

Net Assets

Up

$1,601,689

Up $37,333 (+2.4%) from 2014

Liabilities

Up

$7,750

Up $250 (+3.3%) from 2014

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin77th percentile

Revenue

Down

$197,022

Down $44,715 (-18%) from 2014

Expenses

Down

$162,422

Down $84,581 (-34%) from 2014

Net Income

Up

$34,600

Up $39,866 (+757%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,393,455Liabilities 2011: $11,050Net Assets 2011: $1,382,4052011Assets 2012: $1,400,750Liabilities 2012: $13,500Net Assets 2012: $1,387,2502012Assets 2013: $1,507,167Liabilities 2013: $7,100Net Assets 2013: $1,500,0672013Assets 2014: $1,571,856Liabilities 2014: $7,500Net Assets 2014: $1,564,3562014Assets 2015: $1,609,439Liabilities 2015: $7,750Net Assets 2015: $1,601,6892015Assets 2016: $1,691,566Liabilities 2016: $9,300Net Assets 2016: $1,682,2662016Assets 2017: $1,830,065Liabilities 2017: $11,000Net Assets 2017: $1,819,0652017Assets 2018: $1,867,649Liabilities 2018: $18,047Net Assets 2018: $1,849,6022018Assets 2019: $1,999,565Liabilities 2019: $44,361Net Assets 2019: $1,955,2042019Assets 2020: $2,242,553Liabilities 2020: $14,000Net Assets 2020: $2,228,5532020Assets 2021: $2,862,208Liabilities 2021: $271,068Net Assets 2021: $2,591,1402021Assets 2022: $2,221,109Liabilities 2022: $274,002Net Assets 2022: $1,947,1072022Assets 2023: $2,163,879Liabilities 2023: $24,618Net Assets 2023: $2,139,2612023Assets 2024: $2,656,858Liabilities 2024: $42,318Net Assets 2024: $2,614,5402024

Highlighted filing

2015

Assets$1,609,439
Liabilities$7,750
Net Assets$1,601,689
Open 2015 Filing

Operations Trend

Revenue Growth16th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $120,4602011Expenses 2012: $193,0342012Expenses 2013: $204,7372013Revenue 2014: $241,737Expenses 2014: $247,003Net Income 2014: -$5,2662014Revenue 2015: $197,022Expenses 2015: $162,422Net Income 2015: $34,6002015Revenue 2016: $306,784Expenses 2016: $226,751Net Income 2016: $80,0332016Revenue 2017: $263,516Expenses 2017: $156,165Net Income 2017: $107,3512017Revenue 2018: $398,588Expenses 2018: $215,664Net Income 2018: $182,9242018Revenue 2019: $308,994Expenses 2019: $189,292Net Income 2019: $119,7022019Revenue 2020: $512,468Expenses 2020: $205,092Net Income 2020: $307,3762020Revenue 2021: $647,895Expenses 2021: $440,553Net Income 2021: $207,3422021Revenue 2022: $580,357Expenses 2022: $1,086,554Net Income 2022: -$506,1972022Revenue 2023: $359,213Expenses 2023: $259,373Net Income 2023: $99,8402023Revenue 2024: $621,170Expenses 2024: $284,980Net Income 2024: $336,1902024

Highlighted filing

2015

Revenue$197,022
Expenses$162,422
Net Income$34,600
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 28, 2016
Return Version
2014v6.0
Gross Receipts
$361,994
Mission and Program Overview

Mission

Assist in serving students of massasoit community college who are in need of financial aid and to enrich or add to the facilities, services, or programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$673,891$673,891→ $0
Investments Other Securities$515,514$551,744▲ $36,230
Cash and Non-Interest-Bearing Accounts$382,451$383,804▲ $1,353
Total Assets$1,571,856$1,609,439▲ $37,583
Liabilities
Accounts Payable and Accrued Expenses$7,500$7,750▲ $250
Total Liabilities$7,500$7,750▲ $250
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,358,208$1,362,245▲ $4,037
Unrestricted Net Assets$206,148$239,444▲ $33,296
Total Net Assets Fund Balance$1,564,356$1,601,689▲ $37,333
Total Liabilities and Net Assets / Fund Balance$1,571,856$1,609,439▲ $37,583

Asset Categories

AssetBook ValueDepreciationBasis
Land$673,891-$673,891
Other Securities$551,744--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$1,139,702-▲ $10,549-$1,150,251
2013$1,084,531-▲ $55,171-$1,139,702
2012$1,046,829-▲ $37,702-$1,084,531
2011$1,045,825-▲ $1,004-$1,046,829
2010$1,006,641-▲ $39,184-$1,045,825
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kevin WalshPresident
Wayne PerkinsVice President
Charles AltieriMember
Charles H TartagliaMember
Conrad MartinMember
John BoutinMember
John Mullaney EsqMember
Joseph MosesMember
KEVIN O'REILLYMember
Maria SamsonMember
Philip J TortorellaMember
ROSEMARY O'NEILMember
Robert AnzaloneMember
Ruthanne RussellMember
Lisa Rheault-slineyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$76,620
Program Service Revenue
$38,919
Investment Income
$6,759
Other Revenue
$74,724
All Other Contributions
$76,620
Change in Net Assets
$34,600

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 Table2$40,000Est Cost of Employee
Total Noncash Contributions2$40,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$195,094
Revenue Not Reported on Financial Statements
$1,928
Revenue Not Reported on Form 990
$91,754
Total Revenue per Audited Statements
$286,848
Total Revenue per Form 990
$197,022
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$132,942
Other Expenses$29,480
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$132,942--$132,942
Fees for Services Accounting-$7,750-$7,750
Other Expenses$7,144$6,232-$6,232
Conferences and Meetings-$2,292-$2,292
Office Expenses-$2,167-$2,167
Insurance-$1,967-$1,967
Fees for Service Investment Mgmnt Fees-$1,928-$1,928
Total Functional Expenses$140,086$22,336$0$162,422

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$249,515
Total Expenses per Form 990$162,422
Expenses per Audited Statements$160,494
Expenses Not Reported on Form 990$89,021
Expenses Not Reported on Financial Statements$1,928
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massasoit Community CollegeBrockton, MA115Scholarships for Its Students$132,942
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,745
Fundraising Direct Expenses$49,021
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$45,550$45,550$26,665$18,885
Gala$44,365$44,365$22,356$22,009
Total Events$93,745$93,745$49,021$44,724
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Existing members of the board of directors approve new members.”

Form 990, Part VI, Section B, Line 11

“The president and another officer review the form 990.”

Form 990, Part VI, Section C, Line 19

“The foundation makes it governing documents and financial statements available to the public upon reuqest.”

Filing and Contact Details

Filer

Filer Name
Massasoit Community College Foundation Inc
EIN
23-7100537
Phone
5085889100
Address
ONE MASSASOIT BLVD, BROCKTON, MA 02302

Signing Officer

Name
Kevin Walsh
Title
President
Phone
5085889100
Signed
2016-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Walsh
Formed
1976
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
25

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
David a Diiulis
Phone
6174711120
Supplemental Narrative

Additional Explanations

FORM 990 - PART XII - LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the endowment funds is to support the programs of the foundation.”

PART X, LINE 2:

“The foundation has been notified by the internal revenue service that it meets the qualifications to be classified as a tax exempt entity under section 501 (c)(3) of the internal revenue code. As a not-for-profit entity exempt from income taxes, the foundation may, however, be subject to tax on unrelated business income. Accounting principles generally accepted in the united states require an entity to assess the probability that a tax position has a "more likely than not" sustainability after review by tax authorities. If a tax position is deemed not to meet this threshold, any unrecognized tax benefits and costs are estimated and recognized. Tax returns are routinely open for review by the tax authorities for three years from their due date. In certain circumstances, the statute of limitations may remain open indefinitely.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense”

Part XI- Line 2D & Part XII- Line 2D

“The other items included on the audited financial statements but not on the form 990 are direct revenues and expenses from an exempt fundraising event (see part xi- line 2d) and unrecognized gains on investments (part xii- line 2d). Investment management fees are also included as a reconciling item along with services donated from a related party.”

Raw XML AppendixShowing 400 of 561 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/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ASSIST IN SERVING STUDENTS OF MASSASOIT COMMUNITY COLLEGE WHO ARE IN NEED OF FINANCIAL AID AND TO ENRICH OR ADD TO THE FACILITIES, SERVICES, OR PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05938
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt044724
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt044724
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt030000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt030000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02733
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt02167
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt07144
IRS990/OtherExpensesGrp/TotalAmt07144
IRS990/OtherExpensesGrp/TotalAmt16232
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN WALSH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt038919
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION ASSISTS THE COLLEGE IN ENCOURAGING STUDENTS TO BECOME INVOLVED WITH THE ARTS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011873
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IRS990/PYGrantsAndSimilarPaidAmt0214185
IRS990/PYInvestmentIncomeAmt0-4816
IRS990/PYOtherExpensesAmt032818
IRS990/PYOtherRevenueAmt078406
IRS990/PYProgramServiceRevenueAmt038434
IRS990/PYRevenuesLessExpensesAmt0-5266
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt034600
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt030000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027046
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt076620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0129713
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0158870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt061178
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt071979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0498360
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt040000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt040000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt030821
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt033235
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035385
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032206
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0172670
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0261422
IRS990ScheduleA/PublicSupportCY170Pct00.75720
IRS990ScheduleA/PublicSupportPY170Pct00.75180
IRS990ScheduleA/PublicSupportTotal170Amt0538360
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0129713
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0158870
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt061178
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt071979
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0538360
IRS990ScheduleA/TotalSupportAmt0711030
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/CYEndwmtFundGrp/BeginningYearBalanceAmt01139702
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01150251
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt010549
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01084531
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01139702
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055171
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01046829
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01084531
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt037702
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01045825
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01046829
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01004
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01006641
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01045825
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt039184
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt040000
IRS990ScheduleD/DonatedServicesUseFcltsAmt040000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt089021
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01928
IRS990ScheduleD/ExpensesSubtotalAmt0160494
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01928
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01928
IRS990ScheduleD/LandGrp/BookValueAmt0673891
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0673891
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02733
IRS990ScheduleD/OtherExpensesIncludedAmt049021
IRS990ScheduleD/OtherRevenueAmt049021
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0551744
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt091754
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01928
IRS990ScheduleD/RevenueSubtotalAmt0195094
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO SUPPORT THE PROGRAMS OF THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS BEEN NOTIFIED BY THE INTERNAL REVENUE SERVICE THAT IT MEETS THE QUALIFICATIONS TO BE CLASSIFIED AS A TAX EXEMPT ENTITY UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY EXEMPT FROM INCOME TAXES, THE FOUNDATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUTE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4THE OTHER ITEMS INCLUDED ON THE AUDITED FINANCIAL STATEMENTS BUT NOT ON THE FORM 990 ARE DIRECT REVENUES AND EXPENSES FROM AN EXEMPT FUNDRAISING EVENT (SEE PART XI- LINE 2D) AND UNRECOGNIZED GAINS ON INVESTMENTS (PART XII- LINE 2D). INVESTMENT MANAGEMENT FEES ARE ALSO INCLUDED AS A RECONCILING ITEM ALONG WITH SERVICES DONATED FROM A RELATED PARTY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI- LINE 2D & PART XII- LINE 2D
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0551744
IRS990ScheduleD/TotalExpensesPerForm990Amt0162422
IRS990ScheduleD/TotalRevenuePerForm990Amt0197022
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0286848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0249515
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045550
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt03830
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt093745
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt044724
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt049021

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,609,439
Liabilities
$7,750
Net assets
$1,601,689
Revenue
$197,022
Expenses
$162,422
Net income
$34,600
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.66$0.04$2.61$0.62$0.28$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.16$0.02$2.14$0.36$0.26$0.10
2022Detailed filing. Detailed filing data is available for this year.$2.22$0.27$1.95$0.58$1.09$0.51
2021Detailed filing. Detailed filing data is available for this year.$2.86$0.27$2.59$0.65$0.44$0.21
2020Detailed filing. Detailed filing data is available for this year.$2.24$0.01$2.23$0.51$0.21$0.31
2019Detailed filing. Detailed filing data is available for this year.$2.00$0.04$1.96$0.31$0.19$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.85$0.40$0.22$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.83$0.01$1.82$0.26$0.16$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.69$0.01$1.68$0.31$0.23$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.01$1.60$0.20$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.01$1.56$0.24$0.25$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.01$1.50$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.01$1.39$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.01$1.38$0.12