Civic Intelligence

Massasoit Community College Foundation Inc.

990 • Fiscal year 2022 • EIN 23-7100537

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 21, 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

60th percentile

0.12x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.47x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

4th percentile

-87%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

86th percentile

$163,800

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-10%

Faster revenue growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$2,221,109

Down $641,099 (-22%) from 2021

Net Assets

Down

$1,947,107

Down $644,033 (-25%) from 2021

Liabilities

Up

$274,002

Up $2,934 (+1.1%) from 2021

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin4th percentile

Revenue

Down

$580,357

Down $67,538 (-10%) from 2021

Expenses

Up

$1,086,554

Up $646,001 (+147%) from 2021

Net Income

Down

-$506,197

Down $713,539 (-344%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2022

Assets$2,221,109
Liabilities$274,002
Net Assets$1,947,107
Open 2022 Filing

Operations Trend

Revenue Growth26th 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

2022

Revenue$580,357
Expenses$1,086,554
Net Income-$506,197
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 21, 2022
Return Version
2021v4.2
Gross Receipts
$1,493,186
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
Savings and Temporary Cash Investments$1,033,298$1,087,581▲ $54,283
Investments Other Securities$1,094,381$1,045,585▼ $48,796
Land, Buildings, and Equipment, Net$673,891--
Pledges and Grants Receivable$57,018$65,000▲ $7,982
Cash and Non-Interest-Bearing Accounts$3,620$20,943▲ $17,323
Prepaid Expenses and Deferred Charges-$2,000-
Total Assets$2,862,208$2,221,109▼ $641,099
Liabilities
Accounts Payable and Accrued Expenses$254,768$262,002▲ $7,234
Deferred Revenue$16,300$12,000▼ $4,300
Total Liabilities$271,068$274,002▲ $2,934
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,732,090$1,133,469▼ $598,621
Net Assets Without Donor Restrictions$859,050$813,638▼ $45,412
Total Net Assets Fund Balance$2,591,140$1,947,107▼ $644,033
Total Liabilities and Net Assets / Fund Balance$2,862,208$2,221,109▼ $641,099

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$148,711--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,659,740-▼ $119,652$673,891$866,197
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
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Ray DipasqualeCollege President
Richard FryeFoundation President Thru 6/30
Robert Terravecchia JrVice President
Angela NussDirector
Azeddine FadliDirector
Bruce HughesDirector
Charles TartagliaDirector
Edward Perry JrDirector
Frank LaneDirector
Mark ColettaDirector
Patrick PowersDirector
Rita MendesDirector
Robert MacintoshDirector
Thomas Carroll JrDirector
PAUL GRAND PRE'Executive Director Thru 3/31
Eval SilveraSecretary
Lisa Rheault-slineyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$540,330
Program Service Revenue
$0
Investment Income
$2,391
Other Revenue
$37,636
All Other Contributions
$540,330
Change in Net Assets
$-506,197

Audited Revenue Reconciliation

Revenue per Audited Statements
$580,357
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34
Total Revenue per Audited Statements
$580,391
Total Revenue per Form 990
$580,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$712,648
Grants and Similar Amounts Paid$373,906
Total Fundraising Expense$2,234
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$373,906--$373,906
Fees for Services Accounting-$14,562-$14,562
Office Expenses-$8,323-$8,323
Fees for Services Other-$4,756-$4,756
Insurance-$2,895-$2,895
Other Expenses$679,302-$2,234$2,234
Fees for Services Legal-$325-$325
Travel-$251-$251
Total Functional Expenses$1,053,208$31,112$2,234$1,086,554

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,224,424
Expenses per Audited Statements$1,086,554
Total Expenses per Form 990$1,086,554
Expenses Not Reported on Form 990$137,870
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massasoit Community CollegeBrockton, MA115Scholarships for Its Students$373,906
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,506
Fundraising Direct Expenses$65,870
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$65,431$65,431$21,700$43,731
Golf Tournament$38,075$38,075$3,517$34,558
Total Events$103,506$103,506$65,870$37,636
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
Robert Terravecchia Jr
Title
President
Phone
5085889100
Signed
2022-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Terravecchia Jr
Formed
1976
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
17

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 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 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 - OTHER ADJUSTMENTS:

“Direct expenses from fundraising events 65,870.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct expenses from fundraising events 65,870.”

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 615 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 THRU 6/30
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15COLLEGE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR THRU 3/31
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt065870
IRS990/FundraisingGrossIncomeAmt0103506
IRS990/GainOrLossGrp/SecuritiesAmt0-24824
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantAmt0373906
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0373906
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0373906
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0822135
IRS990/GrossReceiptsAmt01493186
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02895
IRS990/InsuranceGrp/TotalAmt02895
IRS990/InvestmentIncomeGrp/ExclusionAmt027215
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027215
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01094381
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01045585
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0673891
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0846959
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/NetAssetsOrFundBalancesBOYAmt02591140
IRS990/NetAssetsOrFundBalancesEOYAmt01947107
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-24824
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-24824
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt037636
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt037636
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-137836
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0859050
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0813638
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08323
IRS990/OfficeExpensesGrp/TotalAmt08323
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER FUNDRAISING EXPEN
IRS990/OtherExpensesGrp/FundraisingAmt02234
IRS990/OtherExpensesGrp/ProgramServicesAmt0679302
IRS990/OtherExpensesGrp/TotalAmt0679302
IRS990/OtherExpensesGrp/TotalAmt12234
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt057018
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt065000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02000
IRS990/PrincipalOfficerNm0ROBERT TERRAVECCHIA JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION ASSISTS THE COLLEGE IN ENCOURAGING STUDENTS TO BECOME INVOLVED WITH THE ARTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05411
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION PROVIDED LAND TO AID IN THE OPERATIONS OF THE COLLEGE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0673891
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0615486
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0408168
IRS990/PYInvestmentIncomeAmt032409
IRS990/PYOtherExpensesAmt032385
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0207342
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0440553
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0647895
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-506197
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01033298
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01087581
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0540330
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0615486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0418377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0193715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0121209
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01889117
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt072000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt078000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt078000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt062000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt058000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0348000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023453
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt042998
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032076
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0162912
IRS990ScheduleA/PublicSupportCY170Pct00.93210
IRS990ScheduleA/PublicSupportPY170Pct00.91630
IRS990ScheduleA/PublicSupportTotal170Amt02237117
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0612330
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0693486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0496377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0255715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0179209
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02237117
IRS990ScheduleA/TotalSupportAmt02400029
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/BoardDesignatedBalanceEOYPct00.74000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01659740
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0866197
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-119652
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0673891
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01502330
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01659740
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0157410
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01301092
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0168157
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01502330
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033081
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01223437
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt026081
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01301092
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt051574
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01193932
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01223437
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt029505
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt072000
IRS990ScheduleD/DonatedServicesUseFcltsAmt072000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0137870
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01086554
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-137836
IRS990ScheduleD/OtherExpensesIncludedAmt065870
IRS990ScheduleD/OtherRevenueAmt065870
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0666989
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1229885
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2148711
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CORPORATE EQUITY SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1US GOVERNMENT OBLIGATIONS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2CORPORATE BONDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/RevenueNotReportedAmt034
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0580357
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/ExplanationTxt2DIRECT EXPENSES FROM FUNDRAISING EVENTS 65,870.

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,221,109
Liabilities
$274,002
Net assets
$1,947,107
Revenue
$580,357
Expenses
$1,086,554
Net income
-$506,197
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