Civic Intelligence

Illinois Real Estate Educational Foundation

990 • Fiscal year 2019 • EIN 23-7289227

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 27, 2020

Organization ProfileWWW.ILREEF.ORG

Refreshing map…

522 South 5th StreetSpringfield, IL 62701

(217) 529-2600

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$223,676

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 93.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-28%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,601,391

Up $172,725 (+12%) from 2018

Net Assets

Up

$1,546,683

Up $178,590 (+13%) from 2018

Liabilities

Down

$54,708

Down $5,865 (-9.7%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin92nd percentile

Revenue

Down

$240,553

Down $94,749 (-28%) from 2018

Expenses

Down

$111,100

Down $253,453 (-70%) from 2018

Net Income

Up

$129,453

Up $158,704 (+543%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,010,231Liabilities 2010: $366,237Net Assets 2010: $1,643,9942010Assets 2011: $1,772,168Liabilities 2011: $188,875Net Assets 2011: $1,583,2932011Assets 2012: $1,504,407Liabilities 2012: $99,676Net Assets 2012: $1,404,7312012Assets 2013: $1,411,605Liabilities 2013: $126,804Net Assets 2013: $1,284,8012013Assets 2014: $1,329,832Liabilities 2014: $68,773Net Assets 2014: $1,261,0592014Assets 2016: $1,353,036Liabilities 2016: $54,907Net Assets 2016: $1,298,1292016Assets 2017: $1,482,732Liabilities 2017: $53,023Net Assets 2017: $1,429,7092017Assets 2018: $1,428,666Liabilities 2018: $60,573Net Assets 2018: $1,368,0932018Assets 2019: $1,601,391Liabilities 2019: $54,708Net Assets 2019: $1,546,6832019Assets 2021: $1,718,406Liabilities 2021: $40,030Net Assets 2021: $1,678,3762021Assets 2022: $1,799,026Liabilities 2022: $32,910Net Assets 2022: $1,766,1162022Assets 2024: $2,004,965Liabilities 2024: $24,617Net Assets 2024: $1,980,3482024

Highlighted filing

2019

Assets$1,601,391
Liabilities$54,708
Net Assets$1,546,683
Open 2019 Filing

Operations Trend

Revenue Growth11th percentile

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

$400K$200K$0-$200KExpenses 2010: $362,6072010Expenses 2011: $184,9062011Expenses 2012: $218,2192012Revenue 2013: $73,341Expenses 2013: $193,271Net Income 2013: -$119,9302013Revenue 2014: $97,093Expenses 2014: $120,835Net Income 2014: -$23,7422014Revenue 2016: $147,649Expenses 2016: $109,350Net Income 2016: $38,2992016Revenue 2017: $245,431Expenses 2017: $113,107Net Income 2017: $132,3242017Revenue 2018: $335,302Expenses 2018: $364,553Net Income 2018: -$29,2512018Revenue 2019: $240,553Expenses 2019: $111,100Net Income 2019: $129,4532019Revenue 2021: $164,822Expenses 2021: $101,728Net Income 2021: $63,0942021Revenue 2022: $250,026Expenses 2022: $82,356Net Income 2022: $167,6702022Revenue 2024: $160,469Expenses 2024: $97,804Net Income 2024: $62,6652024

Highlighted filing

2019

Revenue$240,553
Expenses$111,100
Net Income$129,453
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 27, 2020
Return Version
2019v5.1
Gross Receipts
$312,420
Mission and Program Overview

Mission

Provide grant scholarships to students and promote education related to the real estate industry.

Provide continuing education and training to real estate professionals and grant scholarships to students interested in pursuing an education or career in real estate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,414,090$1,575,286▲ $161,196
Accounts Receivable$14,576$26,105▲ $11,529
Total Assets$1,428,666$1,601,391▲ $172,725
Liabilities
Accounts Payable and Accrued Expenses$60,573$54,708▼ $5,865
Total Liabilities$60,573$54,708▼ $5,865
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,318,093$1,496,683▲ $178,590
Net Assets With Donor Restrictions$50,000$50,000→ $0
Total Net Assets Fund Balance$1,368,093$1,546,683▲ $178,590
Total Liabilities and Net Assets / Fund Balance$1,428,666$1,601,391▲ $172,725

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$884,778$23,526▲ $96,449-$955,969
2018$833,411$56,381▲ $33,926-$884,778
2017$777,413$81,902▲ $18,494-$833,411
2016$833,186$26,022▼ $38,427-$777,413
2015$797,752$72,567▲ $4,660-$833,186
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Laurie ClaytonFoundation ManagerPT$127,913$127,913

Board Members and Trustees

NameTitle
Judy DoylePresident
Vicky TurnerVice President
Amy BarnesDirector
Brandon ShafferDirector
Christopher TenggrenDirector
Dallas HancockDirector
Ginger SreenanDirector
James HaislerDirector
James SimDirector
Jenni BeckDirector
Julie RothDirector
Marianne JamesDirector
Michael GobberDirector
Sandra WorkmanDirector
Sarah WareDirector
Susan MillerDirector
Tammy OwensDirector
Leonard TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$184,422
Program Service Revenue
$0
Investment Income
$46,384
Other Revenue
$9,747
All Other Contributions
$140,022
Change in Net Assets
$129,453

Audited Revenue Reconciliation

Revenue per Audited Statements
$240,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$72,150
Total Revenue per Audited Statements
$312,703
Total Revenue per Form 990
$240,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$50,000
Grants and Similar Amounts Paid$48,784
Total Fundraising Expense$20,000
Other Expenses$12,316
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,000$10,000$20,000$50,000
Grants to Domestic Individuals$48,784--$48,784
Fees for Services Accounting-$5,350-$5,350
Conferences and Meetings-$679-$679
Office Expenses-$617-$617
Other Expenses$2,450$494-$494
Total Functional Expenses$71,234$19,866$20,000$111,100

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$134,113
Expenses per Audited Statements$111,100
Total Expenses per Form 990$111,100
Expenses Not Reported on Form 990$23,013
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,760
Fundraising Direct Expenses$23,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$15,805$15,805$4,267$11,538
Banquet$33,555$11,955$9,034$2,921
Total Events$49,360$27,760$23,013$4,747
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
No
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The illinois real estate educational foundation board reviews and approves the form 990.”

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

“Conflict of interest policy is provided to each board member at every meeting.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Real Estate Educational
EIN
23-7289227
Phone
2175292600
Address
522 SOUTH 5TH STREET, SPRINGFIELD, IL 62701

Signing Officer

Name
Leonard Taylor
Title
Treasurer
Phone
2175292600
Signed
2020-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leonard Taylor
Formed
1970
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
18

Preparer

Firm
Eck Schafer & Punke Llp
Address
227 SOUTH SEVENTH STREET, SPRINGFIELD, IL 62701
Preparer
Brent Leach
Phone
2175251111
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“SCHOLARSHIPS”

PART X, LINE 2:

“The foundation follows accounting principles generally accepted in the united states of america related to the accounting for uncertainty in income taxes, which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The foundation has reviewed the tax positions taken for the open tax years as of december 31, 2019, and determined that no provision for uncertain tax positions is required.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted directly against special event revenue”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted directly against special event revenue”

Raw XML AppendixShowing 400 of 611 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/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt048854
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE GRANT SCHOLARSHIPS TO STUDENTS AND PROMOTE EDUCATION RELATED TO THE REAL ESTATE INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01368093
IRS990/NetAssetsOrFundBalancesEOYAmt01546683
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1050
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1050
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04747
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04747
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt049137
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01318093
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01496683
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0617
IRS990/OfficeExpensesGrp/TotalAmt0617
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK & CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES & FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1494
IRS990/OtherExpensesGrp/ProgramServicesAmt02450
IRS990/OtherExpensesGrp/TotalAmt02726
IRS990/OtherExpensesGrp/TotalAmt12450
IRS990/OtherExpensesGrp/TotalAmt2494
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt05000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05000
IRS990/OtherRevenueTotalAmt05000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020000
IRS990/OtherSalariesAndWagesGrp/TotalAmt050000
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LEONARD TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0BROKER CONTINUING EDUCATION
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0278682
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt038940
IRS990/PYInvestmentIncomeAmt045698
IRS990/PYOtherExpensesAmt0275613
IRS990/PYOtherRevenueAmt010922
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-29251
IRS990/PYSalariesCompEmpBnftPaidAmt050000
IRS990/PYTotalExpensesAmt0364553
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0335302
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0129453
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01414090
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01575286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0184422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0278682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0193662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0127489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0159110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0943365
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047434
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt045698
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt045747
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024615
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04660
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0168154
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0153974
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04790
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015790
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76140
IRS990ScheduleA/PublicSupportPY170Pct00.78350
IRS990ScheduleA/PublicSupportTotal170Amt0858287
IRS990ScheduleA/SubstantialContributorsTotAmt085078
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0184422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0278682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0193662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0127489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0159110
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0943365
IRS990ScheduleA/TotalSupportAmt01127309
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.94770
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0884778
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt023526
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0955969
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt048784
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt096449
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0833411
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt056381
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0884778
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt038940
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt033926
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0777413
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt081902
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0833411
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt044398
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018494
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0833186
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt026022
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0777413
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt043368
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-38427
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0797752
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt072567
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0833186
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt041793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04660
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt023013
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0111100
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt049137
IRS990ScheduleD/OtherExpensesIncludedAmt023013
IRS990ScheduleD/OtherRevenueAmt023013
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.05230
IRS990ScheduleD/RevenueNotReportedAmt072150
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0240553
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION FOLLOWS ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH SETS A MINIMUM THRESHOLD FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFIT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS REVIEWED THE TAX POSITIONS TAKEN FOR THE OPEN TAX YEARS AS OF DECEMBER 31, 2019, AND DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED.

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,601,391
Liabilities
$54,708
Net assets
$1,546,683
Revenue
$240,553
Expenses
$111,100
Net income
$129,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$0.02$1.98$0.16$0.10$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.03$1.77$0.25$0.08$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.04$1.68$0.16$0.10$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.60$0.05$1.55$0.24$0.11$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.06$1.37$0.34$0.36$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.05$1.43$0.25$0.11$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.05$1.30$0.15$0.11$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.33$0.07$1.26$0.10$0.12$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.41$0.13$1.28$0.07$0.19$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.10$1.40$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.19$1.58$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.01$0.37$1.64$0.36