Civic Intelligence

The Riverbend Center for Montessori Excellence Inc.

990 • Fiscal year 2015 • EIN 23-7122908

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 10, 2016

Organization ProfileWWW.THERIVERBENDSCHOOL.ORG

View Organization Page

6 Auburn StreetSouth Natick, MA 01760

(508) 655-7333

Siviq Scores

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

Liabilities / Assets

81st percentile

0.66x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

1.18x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

57th percentile

4.8%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$152,760

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

89th percentile

30%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$6,517,320

Up $2,632,257 (+68%) from 2013

Net Assets

Up

$2,247,798

Up $326,334 (+17%) from 2013

Liabilities

Up

$4,269,522

Up $2,305,923 (+117%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin57th percentile

Revenue

$3,603,512

No earlier filing loaded for comparison.

Expenses

Up

$3,428,896

Up $540,335 (+19%) from 2013

Net Income

$174,616

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,474,954Liabilities 2010: $1,400,526Net Assets 2010: $1,074,4282010Assets 2012: $3,507,429Liabilities 2012: $1,724,709Net Assets 2012: $1,782,7202012Assets 2013: $3,885,063Liabilities 2013: $1,963,599Net Assets 2013: $1,921,4642013Assets 2015: $6,517,320Liabilities 2015: $4,269,522Net Assets 2015: $2,247,7982015Assets 2016: $6,849,647Liabilities 2016: $4,567,859Net Assets 2016: $2,281,7882016Assets 2018: $8,611,375Liabilities 2018: $6,044,105Net Assets 2018: $2,567,2702018Assets 2019: $8,991,423Liabilities 2019: $6,140,186Net Assets 2019: $2,851,2372019Assets 2020: $17,298,871Liabilities 2020: $13,875,211Net Assets 2020: $3,423,6602020Assets 2021: $19,151,375Liabilities 2021: $14,847,599Net Assets 2021: $4,303,7762021Assets 2022: $19,023,555Liabilities 2022: $13,863,370Net Assets 2022: $5,160,1852022Assets 2023: $15,978,909Liabilities 2023: $10,384,313Net Assets 2023: $5,594,5962023Assets 2024: $16,182,549Liabilities 2024: $10,422,305Net Assets 2024: $5,760,2442024Assets 2025: $18,066,816Liabilities 2025: $10,258,225Net Assets 2025: $7,808,5912025

Highlighted filing

2015

Assets$6,517,320
Liabilities$4,269,522
Net Assets$2,247,798
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0Expenses 2010: $1,618,9232010Expenses 2012: $2,757,5762012Expenses 2013: $2,888,5612013Revenue 2015: $3,603,512Expenses 2015: $3,428,896Net Income 2015: $174,6162015Revenue 2016: $4,004,182Expenses 2016: $3,895,911Net Income 2016: $108,2712016Revenue 2018: $4,991,128Expenses 2018: $4,659,098Net Income 2018: $332,0302018Revenue 2019: $4,705,085Expenses 2019: $4,421,118Net Income 2019: $283,9672019Revenue 2020: $5,179,411Expenses 2020: $4,606,988Net Income 2020: $572,4232020Revenue 2021: $5,470,805Expenses 2021: $4,590,689Net Income 2021: $880,1162021Revenue 2022: $6,418,307Expenses 2022: $5,561,898Net Income 2022: $856,4092022Revenue 2023: $6,127,172Expenses 2023: $5,692,761Net Income 2023: $434,4112023Revenue 2024: $5,952,022Expenses 2024: $5,786,374Net Income 2024: $165,6482024Revenue 2025: $8,923,147Expenses 2025: $6,874,800Net Income 2025: $2,048,3472025

Highlighted filing

2015

Revenue$3,603,512
Expenses$3,428,896
Net Income$174,616
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$3,642,113
Mission and Program Overview

Mission

A collaborative montessori environment that develops self-motivated, independent learners by integrating academic excellence and a respectful social community that results in confidence and lifelong achievement.

To provide educational services in the montessori tradition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,248,713$5,335,434▲ $1,086,721
Cash and Non-Interest-Bearing Accounts$1,404,349$916,215▼ $488,134
Pledges and Grants Receivable$183,000$157,500▼ $25,500
Accounts Receivable$358,056$52,602▼ $305,454
Savings and Temporary Cash Investments$44,056$44,339▲ $283
Prepaid Expenses and Deferred Charges$9,368$6,802▼ $2,566
Investments Other Securities$3,084$1,928▼ $1,156
Total Assets$6,254,501$6,517,320▲ $262,819
Other Assets Total$3,875$2,500▼ $1,375
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,698,127$3,066,604▲ $1,368,477
Deferred Revenue$1,660,321$928,735▼ $731,586
Accounts Payable and Accrued Expenses$822,871$274,183▼ $548,688
Total Liabilities$4,181,319$4,269,522▲ $88,203
Net Assets / Fund Balance
Unrestricted Net Assets$1,912,182$2,097,798▲ $185,616
Temporarily Rstr Net Assets$111,000$100,000▼ $11,000
Permanently Rstr Net Assets$50,000$50,000→ $0
Total Net Assets Fund Balance$2,073,182$2,247,798▲ $174,616
Total Liabilities and Net Assets / Fund Balance$6,254,501$6,517,320▲ $262,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,069,041$156,814$4,225,855
Land$1,136,000-$1,136,000
Leasehold Improvements$59,242$485,216$544,458
Equipment$51,401$285,104$336,505
Other Land Buildings$19,750$14,370$34,120

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$50,000---$50,000
2013$50,000---$50,000
2012$50,000---$50,000
2011$50,000---$50,000
2010$50,000-▲ $28-$50,000
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Karen RiccardiHead of SchoolFT$152,760$152,760

Board Members and Trustees

NameTitle
David BakerCo-chair
John RoweCo-chair
Jim HartmanPresident
Michelle KozinVice President
Chris SurraciDirector
Dana ThomsonDirector
Daniel FinnDirector
David YoungDirector
Eric PritchettDirector
Eunice ChaponDirector
James McelligotDirector
Matthew BrownDirector
Matthew SchuldtDirector
Jade HargraveClerk
Tony ProctorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$252,474
Program Service Revenue
$3,340,387
Investment Income
$4,519
Other Revenue
$6,132
All Other Contributions
$252,474
Change in Net Assets
$174,616

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,603,512
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$28,632
Total Revenue per Audited Statements
$3,632,144
Total Revenue per Form 990
$3,603,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,434,943
Other Expenses$993,953
Total Fundraising Expense$60,235
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,208,969$566,015-$1,774,984
Current Officers, Directors, Trustees, and Key Employees$84,000$248,720-$332,720
Occupancy$250,605$46,843-$297,448
Payroll Taxes$148,886$34,924-$183,810
Interest$145,350$575-$145,925
Other Employee Benefits$87,987$55,442-$143,429
Office Expenses$59,041$74,487-$133,528
Depreciation Depletion$125,171$5,624-$130,795
Fees for Services Other$7,212$24,906-$32,118
Advertising$28,024--$28,024
Insurance-$20,822-$20,822
Fees for Services Accounting-$19,794-$19,794
Conferences and Meetings$18,646--$18,646
Other Expenses$1,049$3,624$60,235$3,624
All Other Expenses-$2,804-$2,804
Total Functional Expenses$2,244,084$1,124,577$60,235$3,428,896

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,457,528
Expenses per Audited Statements$3,428,896
Total Expenses per Form 990$3,428,896
Expenses Not Reported on Form 990$28,632
Expenses Not Reported on Financial Statements$0
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 8B

“No committe has the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by management and is made available to the board of directors.”

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

“The riverbend school requires an annual sign off from the board disclosing interests that could give rise to conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The board reviews the head of the schools performance and sets compensation after an annual review.”

Form 990, Part VI, Section C, Line 19

“The riverbend school makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Riverbend School
EIN
23-7122908
Phone
5086557333
Address
6 AUBURN STREET, SOUTH NATICK, MA 01760

Signing Officer

Name
Karen Riccardi
Title
Head of School
Phone
5086470888
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Riccardi
Formed
1971
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
50
Volunteers
60

Preparer

Firm
James a George Pc
Address
401 EDGEWATER DRIVE SUITE 190, WAKEFIELD, MA 01880
Phone
7812458200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“During 2010, the organization was required to adopt certain provisions of fasb asc 740, income taxes which provide a new framework for how companies should recognize, measure, present and disclose uncertain tax positions in their financial statements. With these changes, the organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The organization does not have any uncertain tax positions as of june 30, 2015. As of june 30, 2015, the organization did not record any penalties or interest associated with uncertain tax positions. Therefore, the certain provisions of fasb asc 740, which were adopted during 2010, had no impact on the organizations financial statements. The organization files irs form 990 annually with the federal government and is still open to examination by taxing authorities for the past three years.”

Schedule D, Part V

“Part v, line 4 the interest income on the endowment fund is expended for faculty development and scholarships, as designated by the donors.”

Raw XML AppendixShowing 400 of 535 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/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-364
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt038237
IRS990/GrossReceiptsAmt03642113
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt020822
IRS990/InsuranceGrp/TotalAmt020822
IRS990/InterestGrp/ManagementAndGeneralAmt0575
IRS990/InterestGrp/ProgramServicesAmt0145350
IRS990/InterestGrp/TotalAmt0145925
IRS990/InvestmentIncomeGrp/ExclusionAmt04883
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04883
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt03084
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01928
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0941504
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04248713
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05335434
IRS990/LandBldgEquipCostOrOtherBssAmt06276938
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt038601
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE EDUCATIONAL SERVICES IN THE MONTESSORI TRADITION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01698127
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03066604
IRS990/NetAssetsOrFundBalancesBOYAmt02073182
IRS990/NetAssetsOrFundBalancesEOYAmt02247798
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-364
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-364
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt046843
IRS990/OccupancyGrp/ProgramServicesAmt0250605
IRS990/OccupancyGrp/TotalAmt0297448
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt074487
IRS990/OfficeExpensesGrp/ProgramServicesAmt059041
IRS990/OfficeExpensesGrp/TotalAmt0133528
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03875
IRS990/OtherAssetsTotalGrp/EOYAmt02500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt055442
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt087987
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0143429
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/Desc1FUNDRAISING EXPENSES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/FundraisingAmt060235
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019997
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13624
IRS990/OtherExpensesGrp/ProgramServicesAmt079144
IRS990/OtherExpensesGrp/ProgramServicesAmt11049
IRS990/OtherExpensesGrp/TotalAmt079144
IRS990/OtherExpensesGrp/TotalAmt160235
IRS990/OtherExpensesGrp/TotalAmt221046
IRS990/OtherExpensesGrp/TotalAmt33624
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT COLLECTION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06132
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06132
IRS990/OtherRevenueTotalAmt06132
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0566015
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01208969
IRS990/OtherSalariesAndWagesGrp/TotalAmt01774984
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034924
IRS990/PayrollTaxesGrp/ProgramServicesAmt0148886
IRS990/PayrollTaxesGrp/TotalAmt0183810
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt050000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0183000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0157500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09368
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06802
IRS990/PrincipalOfficerNm0KAREN RICCARDI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03340387
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03340387
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0227645
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03882
IRS990/PYOtherExpensesAmt0917290
IRS990/PYOtherRevenueAmt024000
IRS990/PYProgramServiceRevenueAmt03097098
IRS990/PYRevenuesLessExpensesAmt0151374
IRS990/PYSalariesCompEmpBnftPaidAmt02283961
IRS990/PYTotalExpensesAmt03201251
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03352625
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0174616
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03346519
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044056
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044339
IRS990ScheduleA/SchoolInd0X
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/BuildingsGrp/BookValueAmt04069041
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156814
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04225855
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt050000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt028632
IRS990ScheduleD/DonatedServicesUseFcltsAmt028632
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt051401
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0285104
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0336505
IRS990ScheduleD/ExpensesNotReportedAmt028632
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03428896
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01136000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01136000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt059242
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0485216
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0544458
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019750
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014370
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt034120
IRS990ScheduleD/RevenueNotReportedAmt028632
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03603512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DURING 2010, THE ORGANIZATION WAS REQUIRED TO ADOPT CERTAIN PROVISIONS OF FASB ASC 740, INCOME TAXES WHICH PROVIDE A NEW FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. WITH THESE CHANGES, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. AS OF JUNE 30, 2015, THE ORGANIZATION DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THEREFORE, THE CERTAIN PROVISIONS OF FASB ASC 740, WHICH WERE ADOPTED DURING 2010, HAD NO IMPACT ON THE ORGANIZATIONS FINANCIAL STATEMENTS. THE ORGANIZATION FILES IRS FORM 990 ANNUALLY WITH THE FEDERAL GOVERNMENT AND IS STILL OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR THE PAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PART V, LINE 4 THE INTEREST INCOME ON THE ENDOWMENT FUND IS EXPENDED FOR FACULTY DEVELOPMENT AND SCHOLARSHIPS, AS DESIGNATED BY THE DONORS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART V
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05335434
IRS990ScheduleD/TotalExpensesPerForm990Amt03428896
IRS990ScheduleD/TotalRevenuePerForm990Amt03603512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03632144
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03457528
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,517,320
Liabilities
$4,269,522
Net assets
$2,247,798
Revenue
$3,603,512
Expenses
$3,428,896
Net income
$174,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.1$10.3$7.81$8.92$6.87$2.05
2024Detailed filing. Detailed filing data is available for this year.$16.2$10.4$5.76$5.95$5.79$0.17
2023Detailed filing. Detailed filing data is available for this year.$16.0$10.4$5.59$6.13$5.69$0.43
2022Detailed filing. Detailed filing data is available for this year.$19.0$13.9$5.16$6.42$5.56$0.86
2021Detailed filing. Detailed filing data is available for this year.$19.2$14.8$4.30$5.47$4.59$0.88
2020Detailed filing. Detailed filing data is available for this year.$17.3$13.9$3.42$5.18$4.61$0.57
2019Detailed filing. Detailed filing data is available for this year.$8.99$6.14$2.85$4.71$4.42$0.28
2018Detailed filing. Detailed filing data is available for this year.$8.61$6.04$2.57$4.99$4.66$0.33
2016Detailed filing. Detailed filing data is available for this year.$6.85$4.57$2.28$4.00$3.90$0.11
2015Detailed filing. Detailed filing data is available for this year.$6.52$4.27$2.25$3.60$3.43$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$1.96$1.92$2.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$1.72$1.78$2.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$1.40$1.07$1.62