Civic Intelligence

Massasoit Community College Foundation Inc.

990 • Fiscal year 2021 • EIN 23-7100537

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 02, 2022

Organization ProfileMASSASOIT.EDU/ALUMNI/MASSASOIT-FOUNDATION
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

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

77th percentile

0.42x

Higher debt load relative to revenue than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

76th percentile

32%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$185,640

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 28.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

75th percentile

28%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

26%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,862,208

Up $619,655 (+28%) from 2020

Net Assets

Up

$2,591,140

Up $362,587 (+16%) from 2020

Liabilities

Up

$271,068

Up $257,068 (+1836%) from 2020

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin76th percentile

Revenue

Up

$647,895

Up $135,427 (+26%) from 2020

Expenses

Up

$440,553

Up $235,461 (+115%) from 2020

Net Income

Down

$207,342

Down $100,034 (-33%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2021

Assets$2,862,208
Liabilities$271,068
Net Assets$2,591,140
Open 2021 Filing

Operations Trend

Revenue Growth64th 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

2021

Revenue$647,895
Expenses$440,553
Net Income$207,342
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 2, 2022
Return Version
2020v4.2
Gross Receipts
$1,889,934
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
Investments Other Securities$687,861$1,094,381▲ $406,520
Savings and Temporary Cash Investments$878,776$1,033,298▲ $154,522
Land, Buildings, and Equipment, Net$673,891$673,891→ $0
Pledges and Grants Receivable$0$57,018▲ $57,018
Cash and Non-Interest-Bearing Accounts$2,025$3,620▲ $1,595
Total Assets$2,242,553$2,862,208▲ $619,655
Liabilities
Accounts Payable and Accrued Expenses$14,000$254,768▲ $240,768
Deferred Revenue$0$16,300▲ $16,300
Total Liabilities$14,000$271,068▲ $257,068
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,515,912$1,732,090▲ $216,178
Net Assets Without Donor Restrictions$712,641$859,050▲ $146,409
Total Net Assets Fund Balance$2,228,553$2,591,140▲ $362,587
Total Liabilities and Net Assets / Fund Balance$2,242,553$2,862,208▲ $619,655

Asset Categories

AssetBook ValueDepreciationBasis
Land$673,891-$673,891
Other Securities$1,094,381--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,502,330-▲ $157,410-$1,659,740
2019$1,301,092$168,157▲ $33,081-$1,502,330
2018$1,223,437$26,081▲ $51,574-$1,301,092
2017$1,193,932-▲ $29,505-$1,223,437
2016$1,147,491-▲ $46,441-$1,193,932
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Dr Brenda MolifeCollege President Thru 6/30/21
Richard FryeFoundation President
Robert Terravecchia JrVice President
Albert a Smith JrDirector
Angela NussDirector
Azeddine FadliDirector
Bruce HughesDirector
Charles TartagliaDirector
Edward Perry JrDirector
Frank LaneDirector
Patrick PowersDirector
Rita MendesDirector
Robert MacintoshDirector
Thomas Carroll JrDirector
Paul D Grand PreExecutive Director
Eval SilveraSecretary
Lisa Rheault-slineyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$615,486
Program Service Revenue
$0
Investment Income
$32,409
Other Revenue
$0
All Other Contributions
$615,486
Change in Net Assets
$207,342

Audited Revenue Reconciliation

Revenue per Audited Statements
$647,895
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$233,245
Total Revenue per Audited Statements
$881,140
Total Revenue per Form 990
$647,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$408,168
Other Expenses$32,385
Total Fundraising Expense$960
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$408,168--$408,168
Fees for Services Accounting-$14,680-$14,680
Office Expenses-$8,660-$8,660
Fees for Services Other-$3,384-$3,384
Insurance-$2,880-$2,880
Other Expenses$1,074-$960$960
Fees for Services Legal-$618-$618
Travel-$129-$129
Total Functional Expenses$409,242$30,351$960$440,553

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$518,553
Expenses per Audited Statements$440,553
Total Expenses per Form 990$440,553
Expenses Not Reported on Form 990$78,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massasoit Community CollegeBrockton, MA115Scholarships for Its Students$408,168
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
No
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
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
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 11B

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

Form 990, Part VI, Section B, Line 12C

“If there is a conflict of interest, the member shall not review that prospective item and shall abstain from voting. Abstention from voting shall be recorded in the minutes of the meeting.in special circumstances, with a vote of the majority of the disinterested members, the board may vote to suspend the conflict policy and then allow all memebers to vote. This special vote will also be entered into the minutes of the meeting. All memebers shall provide an annual written summary of all business involvement with the foundation.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Richard Frye
Title
President
Phone
5085889100
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Frye
Formed
1976
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
15

Preparer

Firm
O'CONNOR & DREW PC
Address
25 BRAINTREE HILL OFC PK SUITE 102, BRAINTREE, MA 02184
Preparer
Michael J Cosgrove
Phone
6174711120
Supplemental Narrative

Additional Explanations

Form 99, 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 are 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 & 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 574 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/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6FOUNDATION PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7COLLEGE PRESIDENT THRU 6/30/21
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt0408168
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0408168
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0408168
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01237278
IRS990/GrossReceiptsAmt01889934
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02880
IRS990/InsuranceGrp/TotalAmt02880
IRS990/InvestmentIncomeGrp/ExclusionAmt037170
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt037170
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0687861
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01094381
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0673891
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0673891
IRS990/LandBldgEquipCostOrOtherBssAmt0673891
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01242039
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
IRS990/NetAssetsOrFundBalancesBOYAmt02228553
IRS990/NetAssetsOrFundBalancesEOYAmt02591140
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-4761
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4761
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0155245
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0712641
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0859050
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08660
IRS990/OfficeExpensesGrp/TotalAmt08660
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER FUNDRAISING EXPEN
IRS990/OtherExpensesGrp/FundraisingAmt0960
IRS990/OtherExpensesGrp/ProgramServicesAmt01074
IRS990/OtherExpensesGrp/TotalAmt01074
IRS990/OtherExpensesGrp/TotalAmt1960
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt057018
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD FRYE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION ASSISTS THE COLLEGE IN ENCOURAGING STUDENTS TO BECOME INVOLVED WITH THE ARTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01074
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0418377
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0141304
IRS990/PYInvestmentIncomeAmt069108
IRS990/PYOtherExpensesAmt063788
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt024983
IRS990/PYRevenuesLessExpensesAmt0307376
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0205092
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0512468
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0207342
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0878776
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01033298
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0615486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0418377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0193715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0136195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01484982
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt078000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt078000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt062000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt058000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt064893
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0340893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt037170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt023453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt032076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt031164
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0166861
IRS990ScheduleA/PublicSupportCY170Pct00.91630
IRS990ScheduleA/PublicSupportPY170Pct00.89650
IRS990ScheduleA/PublicSupportTotal170Amt01825875
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0693486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0496377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0255715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0179209
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0201088
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01825875
IRS990ScheduleA/TotalSupportAmt01992736
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/BoardDesignatedBalanceEOYPct00.45000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01502330
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01659740
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0157410
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01301092
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0168157
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01502330
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033081
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01223437
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt026081
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01301092
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051574
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01193932
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01223437
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029505
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01147491
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01193932
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046441
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt078000
IRS990ScheduleD/DonatedServicesUseFcltsAmt078000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt078000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0440553
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0673891
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0673891
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0155245
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01094381
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0233245
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0647895
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE ENDOWMENT FUNDS ARE 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/ExplanationTxt2THE 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 & PART XII- LINE 2D
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.55000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0673891
IRS990ScheduleD/TotalBookValueSecuritiesAmt01094381
IRS990ScheduleD/TotalExpensesPerForm990Amt0440553
IRS990ScheduleD/TotalRevenuePerForm990Amt0647895
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0881140
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0518553
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0408168

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,862,208
Liabilities
$271,068
Net assets
$2,591,140
Revenue
$647,895
Expenses
$440,553
Net income
$207,342
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