Civic Intelligence

Eta Creative Arts Foundation Inc

990 • Fiscal year 2021 • EIN 23-7157694

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileETACREATIVEARTS.ORG

View Organization Page

7558 S South Chicago AvenueChicago, IL 60619

(773) 752-3955

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

67th percentile

0.23x

Higher debt load relative to revenue than 67% of similar nonprofits.

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

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

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

Top Officer Pay

50th percentile

$55,398

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

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

Asset Growth

12th percentile

-5.8%

Faster asset growth than 12% of similar nonprofits.

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

Revenue Growth

95th percentile

236%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$4,181,972

Down $258,974 (-5.8%) from 2020

Net Assets

Down

$4,042,491

Down $143,300 (-3.4%) from 2020

Liabilities

Down

$139,481

Down $115,674 (-45%) from 2020

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin81st percentile

Revenue

Up

$607,383

Up $426,866 (+236%) from 2020

Expenses

Down

$366,146

Down $49,880 (-12%) from 2020

Net Income

Up

$241,237

Up $476,746 (+202%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $5,296,418Liabilities 2012: $333,239Net Assets 2012: $4,963,1792012Assets 2015: $4,942,631Liabilities 2015: $92,172Net Assets 2015: $4,850,4592015Assets 2016: $4,823,904Liabilities 2016: $64,588Net Assets 2016: $4,759,3162016Assets 2018: $4,759,408Liabilities 2018: $53,233Net Assets 2018: $4,706,1752018Assets 2019: $4,578,064Liabilities 2019: $156,764Net Assets 2019: $4,421,3002019Assets 2020: $4,440,946Liabilities 2020: $255,155Net Assets 2020: $4,185,7912020Assets 2021: $4,181,972Liabilities 2021: $139,481Net Assets 2021: $4,042,4912021Assets 2022: $3,678,838Liabilities 2022: $99,323Net Assets 2022: $3,579,5152022Assets 2023: $4,131,966Liabilities 2023: $597,477Net Assets 2023: $3,534,4892023Assets 2024: $5,038,263Liabilities 2024: $1,583,660Net Assets 2024: $3,454,6032024

Highlighted filing

2021

Assets$4,181,972
Liabilities$139,481
Net Assets$4,042,491
Open 2021 Filing

Operations Trend

Revenue Growth95th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $1,051,9812012Revenue 2015: $992,265Expenses 2015: $486,239Net Income 2015: $506,0262015Revenue 2016: $278,299Expenses 2016: $396,685Net Income 2016: -$118,3862016Revenue 2018: $236,110Expenses 2018: $368,618Net Income 2018: -$132,5082018Revenue 2019: $156,759Expenses 2019: $444,364Net Income 2019: -$287,6052019Revenue 2020: $180,517Expenses 2020: $416,026Net Income 2020: -$235,5092020Revenue 2021: $607,383Expenses 2021: $366,146Net Income 2021: $241,2372021Revenue 2022: $158,445Expenses 2022: $499,454Net Income 2022: -$341,0092022Revenue 2023: $249,064Expenses 2023: $399,313Net Income 2023: -$150,2492023Revenue 2024: $226,219Expenses 2024: $363,543Net Income 2024: -$137,3242024

Highlighted filing

2021

Revenue$607,383
Expenses$366,146
Net Income$241,237
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$626,056
Mission and Program Overview

Mission

Eta creative arts foundation seeks to be a major cultural resource institution for the preservation, perpetuation and promulgation of the african american aesthetic in the city of chicago, the state of illinois and the nation toward this end, eta creative arts foundation shall provide professional opportunities by way of training and performance for the development of both youth and adults as artists, opportunities for playwrights to hone and have their works produced, work for artists and technicians, sales for visual artists through the gallery and exposure for the general public to authentic valid projections of african american life styles, experiences and aspirations.

Theatrical performances for the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,729,882$2,857,147▼ $872,735
Pledges and Grants Receivable$616,086$884,933▲ $268,847
Cash and Non-Interest-Bearing Accounts$93,775$359,892▲ $266,117
Accounts Receivable-$80,000-
Investments in Publicly Traded Securities$1,203--
Total Assets$4,440,946$4,181,972▼ $258,974
Liabilities
Other Liabilities$66,300$66,300→ $0
Accounts Payable and Accrued Expenses$172,478$55,921▼ $116,557
Unsecured Notes Loans Payable-$17,260-
Deferred Revenue$16,377--
Total Liabilities$255,155$139,481▼ $115,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,410,367$3,077,558▼ $332,809
Net Assets With Donor Restrictions$775,424$964,933▲ $189,509
Total Net Assets Fund Balance$4,185,791$4,042,491▼ $143,300
Total Liabilities and Net Assets / Fund Balance$4,440,946$4,181,972▼ $258,974

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,763,209$458,076$3,221,285
Land$93,938-$93,938
Equipment$0$62,868$62,868
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Clover BlackburnExecutive Director (thru Aug)FT$55,398$55,398
Kenya ThomasExecutive DirectorFT$52,088$52,088

Board Members and Trustees

NameTitle
Leslie BondBoard Chair
Eric GrantVice-chair
Carl W JohnsonDirector
Dr Gene SmithDirector
Lynnette MilnerDirector
Requel GibsonDirector
Romi LoweDirector
Rosalinda MustafaDirector
Seanne N MurrayDirector
Sharon BetheaDirector
Dorretta Evans ParkerSecretary
Paul L DarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$571,549
Program Service Revenue
$31,625
Investment Income
$3,577
Other Revenue
$632
All Other Contributions
$513,926
Change in Net Assets
$241,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$607,383
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$99,549
Total Revenue per Audited Statements
$706,932
Total Revenue per Form 990
$607,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,596
Salaries, Compensation, and Employee Benefits$151,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$39,951$67,535-$107,486
Depreciation Depletion$31,514$31,513-$63,027
Occupancy$21,900$17,107-$39,007
Payroll Taxes$9,521$16,095-$25,616
Office Expenses$8,153$16,107-$24,260
Other Salaries and Wages$6,857$11,591-$18,448
Insurance$7,724$7,724-$15,448
Fees for Services Other$4,653$4,209-$8,862
Fees for Services Accounting-$8,740-$8,740
Other Expenses$4,378$18,482-$4,378
Advertising$4,229--$4,229
Total Functional Expenses$138,880$227,266$0$366,146

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$366,146
Total Expenses per Audited Statements$366,146
Total Expenses per Form 990$366,146
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,887
Fundraising Direct Expenses$18,673
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$28,887$18,887$18,673$214
Total Events$28,887$18,887$18,673$214
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan$66,300
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
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 B, Line 11B

“The board of directors reviews the form 990 prior to filing with the internal revenue service.”

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

“Directors and officers are required to disclose any actual or potential conflist of interest that may arise annually.”

Form 990, Part VI, Section B, Line 15

“Executive salaries are reviewed annually and approved by the board based on current financial climate of the organization, performance reviews and industry averages.”

Form 990, Part VI, Section C, Line 19

“Eta creative arts foundation's documents are publicly available upon request or by inspection at the business office during business hours (monday to friday 10am to 6pm)”

Filing and Contact Details

Filer

Filer Name
Eta Creative Arts Foundation
EIN
23-7157694
Phone
7737523955
Address
7558 S SOUTH CHICAGO AVENUE, CHICAGO, IL 60619

Signing Officer

Name
Kenya Thomas
Title
Executive Director
Phone
7737523955
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenya Thomas
Formed
1971
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
12

Preparer

Firm
Wipfli Llp
Address
100 TRI-STATE INTERNATIONAL STE 300, LINCOLNSHIRE, IL 60069
Preparer
Timothy Griffith
Phone
8479410100
Supplemental Narrative

Additional Explanations

FORM 990; PART XII; LINE 2C

“There were no changes to the audit selection process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is a not-for-profit organization that is exempt from income taxes under irc sec 501(c)(3) and is classified by the irs as other than a private foundation. Due to its tax-exempt status, the foundation is not subject to federal or state income taxes. Generally, the foundation is subject to income tax examinations by taxing authorities for the three-year period after filing its returns. The foundation is required to determine whether its tax positions are more likely than not to be sustained upon examination by the applicable taxing authority, based on the technical merits of the position. The tax benefit recognized is measured as the largest amount of benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the relevant taxing authorities. Based on its analysis, the foundation has determined that it has not incurred any liability for unrecognized tax benefits as of december 31, 2021. The foundation does not expect that its assessment regarding unrecognized tax benefits will materially change over the next 12 months. The foundation's conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions, compliance with federal and state tax laws, and changes in the administrative practices and precedents of the relevant taxing authorities.”

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IRS990/LoanOutstandingInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ETA CREATIVE ARTS FOUNDATION SEEKS TO BE A MAJOR CULTURAL RESOURCE INSTITUTION FOR THE PRESERVATION, PERPETUATION AND PROMULGATION OF THE AFRICAN AMERICAN AESTHETIC IN THE CITY OF CHICAGO, THE STATE OF ILLINOIS AND THE NATION TOWARD THIS END, ETA CREATIVE ARTS FOUNDATION SHALL PROVIDE PROFESSIONAL OPPORTUNITIES BY WAY OF TRAINING AND PERFORMANCE FOR THE DEVELOPMENT OF BOTH YOUTH AND ADULTS AS ARTISTS, OPPORTUNITIES FOR PLAYWRIGHTS TO HONE AND HAVE THEIR WORKS PRODUCED, WORK FOR ARTISTS AND TECHNICIANS, SALES FOR VISUAL ARTISTS THROUGH THE GALLERY AND EXPOSURE FOR THE GENERAL PUBLIC TO AUTHENTIC VALID PROJECTIONS OF AFRICAN AMERICAN LIFE STYLES, EXPERIENCES AND ASPIRATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0214
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0214
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03410367
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03077558
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017107
IRS990/OccupancyGrp/ProgramServicesAmt021900
IRS990/OccupancyGrp/TotalAmt039007
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016107
IRS990/OfficeExpensesGrp/ProgramServicesAmt08153
IRS990/OfficeExpensesGrp/TotalAmt024260
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SETTLEMENT EXPENSES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND EQUIPME
IRS990/OtherExpensesGrp/Desc2PRODUCTION COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt028163
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118482
IRS990/OtherExpensesGrp/ProgramServicesAmt04378
IRS990/OtherExpensesGrp/TotalAmt028163
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IRS990/OtherRevenueTotalAmt0418
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011591
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IRS990/OtherSalariesAndWagesGrp/TotalAmt018448
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016095
IRS990/PayrollTaxesGrp/ProgramServicesAmt09521
IRS990/PayrollTaxesGrp/TotalAmt025616
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0616086
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0884933
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KENYA THOMAS
IRS990/PriorPeriodAdjustmentsAmt0-484086
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711110
IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/Desc0THEATER RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1PRODUCTIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt115802
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt115802
IRS990/ProgSrvcAccomActy2Grp/Desc0THEATER RENTAL: ETA CREATIVE ARTS FOUNDATION RENTS ITS FACILITIES TO LOCAL GROUPS TO PROMOTE THEIR PRODUCTIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt058173
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015823
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0173716
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0838
IRS990/PYOtherExpensesAmt0238048
IRS990/PYOtherRevenueAmt0877
IRS990/PYProgramServiceRevenueAmt05086
IRS990/PYRevenuesLessExpensesAmt0-235509
IRS990/PYSalariesCompEmpBnftPaidAmt0177978
IRS990/PYTotalExpensesAmt0416026
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0180517
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0241237
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015802
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0571549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0173716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt087317
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0189505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0236227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01258314
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01671
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0220
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06306
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0115550
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0418
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0876
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07819
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt033560
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt05130
IRS990ScheduleA/OtherIncome170Grp/TotalAmt047803
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93840
IRS990ScheduleA/PublicSupportPY170Pct00.89550
IRS990ScheduleA/PublicSupportTotal170Amt01231604
IRS990ScheduleA/SubstantialContributorsTotAmt026710
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0173716
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0189505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236227
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01258314
IRS990ScheduleA/TotalSupportAmt01312423
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/BookValueAmt02763209
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0458076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03221285
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062868
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062868
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0366146
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt093938
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt093938
IRS990ScheduleD/NetUnrealizedGainsInvstAmt099549
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA LOAN
IRS990ScheduleD/RevenueNotReportedAmt099549
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0607383
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER IRC SEC 501(C)(3) AND IS CLASSIFIED BY THE IRS AS OTHER THAN A PRIVATE FOUNDATION. DUE TO ITS TAX-EXEMPT STATUS, THE FOUNDATION IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. GENERALLY, THE FOUNDATION IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR THE THREE-YEAR PERIOD AFTER FILING ITS RETURNS. THE FOUNDATION IS REQUIRED TO DETERMINE WHETHER ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAXING AUTHORITIES. BASED ON ITS ANALYSIS, THE FOUNDATION HAS DETERMINED THAT IT HAS NOT INCURRED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2021. THE FOUNDATION DOES NOT EXPECT THAT ITS ASSESSMENT REGARDING UNRECOGNIZED TAX BENEFITS WILL MATERIALLY CHANGE OVER THE NEXT 12 MONTHS. THE FOUNDATION'S CONCLUSIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED ON FACTORS INCLUDING, BUT NOT LIMITED TO, QUESTIONING THE TIMING AND AMOUNT OF DEDUCTIONS, THE NEXUS OF INCOME AMONG VARIOUS TAX JURISDICTIONS, COMPLIANCE WITH FEDERAL AND STATE TAX LAWS, AND CHANGES IN THE ADMINISTRATIVE PRACTICES AND PRECEDENTS OF THE RELEVANT TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0607383
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0706932
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0366146
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018673
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028887
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028887
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018887
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018887
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0214
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018673
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018673
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLIST OF INTEREST THAT MAY ARISE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE SALARIES ARE REVIEWED ANNUALLY AND APPROVED BY THE BOARD BASED ON CURRENT FINANCIAL CLIMATE OF THE ORGANIZATION, PERFORMANCE REVIEWS AND INDUSTRY AVERAGES.

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Filings

Displayed year

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

Open filing
Assets
$4,181,972
Liabilities
$139,481
Net assets
$4,042,491
Revenue
$607,383
Expenses
$366,146
Net income
$241,237
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.04$1.58$3.45$0.23$0.36$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.13$0.60$3.53$0.25$0.40$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.10$3.58$0.16$0.50$0.34
2021Detailed filing. Detailed filing data is available for this year.$4.18$0.14$4.04$0.61$0.37$0.24
2020Detailed filing. Detailed filing data is available for this year.$4.44$0.26$4.19$0.18$0.42$0.24
2019Detailed filing. Detailed filing data is available for this year.$4.58$0.16$4.42$0.16$0.44$0.29
2018Detailed filing. Detailed filing data is available for this year.$4.76$0.05$4.71$0.24$0.37$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.82$0.06$4.76$0.28$0.40$0.12
2015Detailed filing. Detailed filing data is available for this year.$4.94$0.09$4.85$0.99$0.49$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$0.33$4.96$1.05