Civic Intelligence

Des Moines Area Community College Foundation

990 • Fiscal year 2017 • EIN 23-7229486

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 25, 2018

Organization ProfileWWW.DMACC.CC.IA.US/FOUNDATION
2006 S Ankeny BlvdAnkeny, IA 50023

(515) 964-6483

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

30th percentile

$122,165

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

5th percentile

-40%

Faster revenue growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$16,874,625

Up $2,345,926 (+16%) from 2016

Net Assets

Up

$16,798,593

Up $2,374,589 (+16%) from 2016

Liabilities

Down

$76,032

Down $28,663 (-27%) from 2016

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin88th percentile

Revenue

Down

$3,275,461

Down $2,177,416 (-40%) from 2016

Expenses

Up

$1,933,762

Up $267,789 (+16%) from 2016

Net Income

Down

$1,341,699

Down $2,445,205 (-65%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$30M$20M$10M$0Assets 2014: $11,079,196Liabilities 2014: $18,830Net Assets 2014: $11,060,3662014Assets 2016: $14,528,699Liabilities 2016: $104,695Net Assets 2016: $14,424,0042016Assets 2017: $16,874,625Liabilities 2017: $76,032Net Assets 2017: $16,798,5932017Assets 2018: $19,089,982Liabilities 2018: $40,000Net Assets 2018: $19,049,9822018Assets 2019: $21,324,254Liabilities 2019: $3,925,361Net Assets 2019: $17,398,8932019Assets 2020: $23,940,934Liabilities 2020: $4,495,995Net Assets 2020: $19,444,9392020Assets 2021: $25,871,910Liabilities 2021: $1,713,179Net Assets 2021: $24,158,7312021Assets 2022: $21,577,534Liabilities 2022: $436,360Net Assets 2022: $21,141,1742022Assets 2023: $23,985,027Liabilities 2023: $1,133,938Net Assets 2023: $22,851,0892023Assets 2024: $27,132,996Liabilities 2024: $1,428,403Net Assets 2024: $25,704,5932024Assets 2025: $29,120,657Liabilities 2025: $1,267,082Net Assets 2025: $27,853,5752025

Highlighted filing

2017

Assets$16,874,625
Liabilities$76,032
Net Assets$16,798,593
Open 2017 Filing

Operations Trend

Revenue Growth5th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $1,927,261Expenses 2014: $1,202,010Net Income 2014: $725,2512014Revenue 2016: $5,452,877Expenses 2016: $1,665,973Net Income 2016: $3,786,9042016Revenue 2017: $3,275,461Expenses 2017: $1,933,762Net Income 2017: $1,341,6992017Revenue 2018: $3,946,830Expenses 2018: $1,742,764Net Income 2018: $2,204,0662018Revenue 2019: $4,540,766Expenses 2019: $6,211,941Net Income 2019: -$1,671,1752019Revenue 2020: $5,786,802Expenses 2020: $3,404,603Net Income 2020: $2,382,1992020Revenue 2021: $3,727,961Expenses 2021: $2,777,585Net Income 2021: $950,3762021Revenue 2022: $4,357,178Expenses 2022: $2,295,698Net Income 2022: $2,061,4802022Revenue 2023: $4,758,849Expenses 2023: $4,155,776Net Income 2023: $603,0732023Revenue 2024: $5,455,166Expenses 2024: $4,335,607Net Income 2024: $1,119,5592024Revenue 2025: $9,357,187Expenses 2025: $4,763,278Net Income 2025: $4,593,9092025

Highlighted filing

2017

Revenue$3,275,461
Expenses$1,933,762
Net Income$1,341,699
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 25, 2018
Return Version
2016v3.0
Gross Receipts
$4,212,970
Mission and Program Overview

Mission

Receive donations for dmacc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$11,107,074$12,366,847▲ $1,259,773
Cash and Non-Interest-Bearing Accounts$1,252,805$1,984,143▲ $731,338
Pledges and Grants Receivable$1,419,964$1,875,069▲ $455,105
Investments Other Securities$417,278$594,370▲ $177,092
Land, Buildings, and Equipment, Net$277,907--
Prepaid Expenses and Deferred Charges$43,750$29,250▼ $14,500
Total Assets$14,528,699$16,874,625▲ $2,345,926
Other Assets Total$9,921$24,946▲ $15,025
Liabilities
Other Liabilities$104,695$76,032▼ $28,663
Total Liabilities$104,695$76,032▼ $28,663
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,207,598$8,964,907▲ $1,757,309
Permanently Rstr Net Assets$4,366,095$4,739,216▲ $373,121
Unrestricted Net Assets$2,850,311$3,094,470▲ $244,159
Total Net Assets Fund Balance$14,424,004$16,798,593▲ $2,374,589
Total Liabilities and Net Assets / Fund Balance$14,528,699$16,874,625▲ $2,345,926

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,223,641$373,121▲ $610,646-$6,957,594
2015$6,173,341$281,379▼ $52,778-$6,223,641
2014$6,167,768$73,216▲ $67,535-$6,173,341
2013$5,181,918$58,294▲ $1,066,361-$6,167,768
2012$4,395,382$137,217▲ $770,261-$5,181,918
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Tara ConnollyExecutive DirectorFT$122,165$122,165

Board Members and Trustees

NameTitle
James SpoonerPast President
Curtis Van VeldhuizenPresident
S Ahmed MerchantVice President
Don LambertiEmeritus
Chris CostaMember
David AbramMember
David VansickelMember
Dennis AlbaughMember
Dotty ThurstonMember
Harlee OlafsonMember
James FlemingMember
Mark RasmussenMember
Rita PereaMember
Rob TaylorMember
Roger HargensMember
Tamara KenworthyMember
Vada GranthamMember
Walter SmithMember
Mike KammererSecretary
Mike GrandgeorgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,834,765
Program Service Revenue
$0
Investment Income
$440,696
Other Revenue
$0
All Other Contributions
$2,834,765
Change in Net Assets
$1,341,699

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$171,154Trading Price -Don. Date
Total Noncash Contributions6$171,154-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,275,461
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,032,890
Total Revenue per Audited Statements
$4,308,351
Total Revenue per Form 990
$3,275,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,746,923
Other Expenses$186,839
Total Fundraising Expense$132,582
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,746,923--$1,746,923
Fees for Services Other--$132,582$132,582
Other Expenses-$45,007-$45,007
Fees for Services Accounting-$9,250-$9,250
Total Functional Expenses$1,746,923$54,257$132,582$1,933,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,933,762
Total Expenses per Audited Statements$1,933,762
Total Expenses per Form 990$1,933,762
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
DmaccAnkeny, IA501(c)(3)To Provide Grants, Scholarships, and Other Assistance to Des Moines Area Community College$1,469,016
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Dmacc$71,497
Other Accrued Expenses$4,535
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 foundation board will review and approve the form 990 before it is filed.”

Form 990, Part VI, Section C, line 19

“The foundation will make the forms available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
DMACC Foundation
EIN
23-7229486
Phone
5159646483
Address
2006 S ANKENY BLVD, ANKENY, IA 50023

Signing Officer

Name
Mike Grandgeorge
Title
Treasurer
Phone
5159646483
Signed
2018-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Grandgeorge
Formed
1972
Legal Domicile
Ia
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
0

Preparer

Firm
Denman & Company LLP
Address
1601 22nd Street Suite 400, West Des Moines, IA 50266-1453
Preparer
David Ellis
Phone
5152258400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“No changes from prior year.”

Financial Statement Notes

Part X, Line 2:

“The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation follows the accounting for uncertainty in income tax as required by the Income Taxes Topic of the FASB Accounting Standards Codification. The Foundation has evaluated its material tax positions and determined no income tax effects with respect to the financial statements. The Foundation is no longer subject to U.S. federal or state income tax examinations by tax authorities for the years before 2012. The Foundation has not been notified of any impending examinations by authorities, and no examinations are in process.”

Raw XML AppendixShowing 400 of 567 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/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DIRECTOR
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IRS990/FormationYr01972
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0133309
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt01014189
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01746923
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01746923
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01070818
IRS990/GrossReceiptsAmt04212970
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0307387
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0307387
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0417278
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0594370
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011107074
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012366847
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0277907
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0IA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0937509
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Receive donations for DMACC.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014424004
IRS990/NetAssetsOrFundBalancesEOYAmt016798593
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0133309
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0133309
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01032890
IRS990/NoncashContributionsAmt0171154
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09921
IRS990/OtherAssetsTotalGrp/EOYAmt024946
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt045007
IRS990/OtherExpensesGrp/TotalAmt045007
IRS990/OtherLiabilitiesGrp/BOYAmt0104695
IRS990/OtherLiabilitiesGrp/EOYAmt076032
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt04366095
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt04739216
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01419964
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01875069
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043750
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029250
IRS990/PrincipalOfficerNm0MIKE GRANDGEORGE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE GRANTS AND OTHER ASSISTANCE TO DES MOINES AREA COMMUNITY COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0732734
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0732734
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04994765
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01500155
IRS990/PYInvestmentIncomeAmt0458112
IRS990/PYOtherExpensesAmt0165818
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03786904
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01665973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05452877
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01341699
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0420926354
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01746923
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Des Moines Area Community College
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01746923
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt06223641
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0373121
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt06957594
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0249814
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0610646
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt06173341
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0281379
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06223641
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0178301
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-52778
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06167768
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt073216
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt06173341
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0135178
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt067535
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05181918
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt058294
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06167768
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0138805
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01066361
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04395382
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0137217
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05181918
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0120942
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0770261
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01933762
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01032890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14535
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DMACC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER ACCRUED EXPENSES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.68120
IRS990ScheduleD/RevenueNotReportedAmt01032890
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03275461
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Foundation follows the accounting for uncertainty in income tax as required by the Income Taxes Topic of the FASB Accounting Standards Codification. The Foundation has evaluated its material tax positions and determined no income tax effects with respect to the financial statements. The Foundation is no longer subject to U.S. federal or state income tax examinations by tax authorities for the years before 2012. The Foundation has not been notified of any impending examinations by authorities, and no examinations are in process.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,874,625
Liabilities
$76,032
Net assets
$16,798,593
Revenue
$3,275,461
Expenses
$1,933,762
Net income
$1,341,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.1$1.27$27.9$9.36$4.76$4.59
2024Detailed filing. Detailed filing data is available for this year.$27.1$1.43$25.7$5.46$4.34$1.12
2023Detailed filing. Detailed filing data is available for this year.$24.0$1.13$22.9$4.76$4.16$0.60
2022Detailed filing. Detailed filing data is available for this year.$21.6$0.44$21.1$4.36$2.30$2.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.9$1.71$24.2$3.73$2.78$0.95
2020Detailed filing. Detailed filing data is available for this year.$23.9$4.50$19.4$5.79$3.40$2.38
2019Detailed filing. Detailed filing data is available for this year.$21.3$3.93$17.4$4.54$6.21$1.67
2018Detailed filing. Detailed filing data is available for this year.$19.1$0.04$19.0$3.95$1.74$2.20
2017Detailed filing. Detailed filing data is available for this year.$16.9$0.08$16.8$3.28$1.93$1.34
2016Detailed filing. Detailed filing data is available for this year.$14.5$0.10$14.4$5.45$1.67$3.79
2014Detailed filing. Detailed filing data is available for this year.$11.1$0.02$11.1$1.93$1.20$0.73