Civic Intelligence

Schlarman Foundation Inc C/O Schlarman Development Office

990 • Fiscal year 2019 • EIN 23-7367151

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 08, 2019

Organization ProfileN/A
PO Box 874Danville, IL 61834-0874

(217) 442-7947

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

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

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

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

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

39th percentile

$16,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

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

Asset Growth

54th percentile

4.3%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

54th percentile

5.7%

Faster revenue growth than 54% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$3,429,605

Up $140,768 (+4.3%) from 2018

Net Assets

Up

$3,428,559

Up $141,002 (+4.3%) from 2018

Liabilities

Down

$1,046

Down $234 (-18%) from 2018

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin84th percentile

Revenue

Up

$401,486

Up $21,811 (+5.7%) from 2018

Expenses

Up

$277,927

Up $31,674 (+13%) from 2018

Net Income

Down

$123,559

Down $9,863 (-7.4%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $391,588Liabilities 2012: $75,000Net Assets 2012: $316,5882012Assets 2013: $398,367Liabilities 2013: $0Net Assets 2013: $398,3672013Assets 2014: $456,041Liabilities 2014: $0Net Assets 2014: $456,0412014Assets 2015: $3,061,072Liabilities 2015: $0Net Assets 2015: $3,061,0722015Assets 2016: $3,041,044Liabilities 2016: $0Net Assets 2016: $3,041,0442016Assets 2017: $3,146,284Liabilities 2017: $0Net Assets 2017: $3,146,2842017Assets 2018: $3,288,837Liabilities 2018: $1,280Net Assets 2018: $3,287,5572018Assets 2019: $3,429,605Liabilities 2019: $1,046Net Assets 2019: $3,428,5592019Assets 2020: $3,491,082Liabilities 2020: $0Net Assets 2020: $3,491,0822020Assets 2021: $3,868,563Liabilities 2021: $0Net Assets 2021: $3,868,5632021Assets 2022: $4,055,135Liabilities 2022: $0Net Assets 2022: $4,055,1352022Assets 2023: $4,191,289Liabilities 2023: $0Net Assets 2023: $4,191,2892023Assets 2024: $4,309,855Liabilities 2024: $0Net Assets 2024: $4,309,8552024

Highlighted filing

2019

Assets$3,429,605
Liabilities$1,046
Net Assets$3,428,559
Open 2019 Filing

Operations Trend

Revenue Growth54th percentile

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

$3.0M$2.0M$1.0M$0Expenses 2012: $41,6072012Expenses 2013: $41,3732013Revenue 2014: $60,273Expenses 2014: $40,904Net Income 2014: $19,3692014Revenue 2015: $2,648,557Expenses 2015: $25,309Net Income 2015: $2,623,2482015Revenue 2016: $158,696Expenses 2016: $153,855Net Income 2016: $4,8412016Revenue 2017: $205,084Expenses 2017: $121,864Net Income 2017: $83,2202017Revenue 2018: $379,675Expenses 2018: $246,253Net Income 2018: $133,4222018Revenue 2019: $401,486Expenses 2019: $277,927Net Income 2019: $123,5592019Revenue 2020: $148,134Expenses 2020: $94,644Net Income 2020: $53,4902020Revenue 2021: $365,638Expenses 2021: $150,097Net Income 2021: $215,5412021Revenue 2022: $594,076Expenses 2022: $133,482Net Income 2022: $460,5942022Revenue 2023: $371,630Expenses 2023: $273,387Net Income 2023: $98,2432023Revenue 2024: $169,500Expenses 2024: $143,949Net Income 2024: $25,5512024

Highlighted filing

2019

Revenue$401,486
Expenses$277,927
Net Income$123,559
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 8, 2019
Return Version
2018v3.1
Gross Receipts
$519,678
Mission and Program Overview

Mission

Schlarman foundation was formed to provide financial support to all facets of catholic education within the jurisdiction of schlarman academy and to assist the schlarman development office in providing support in areas of long-range financial development.

Financial support to promote catholic education

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$477,602$887,521▲ $409,919
Cash and Non-Interest-Bearing Accounts$352,954$81,782▼ $271,172
Savings and Temporary Cash Investments$18,281$20,302▲ $2,021
Total Assets$3,288,837$3,429,605▲ $140,768
Other Assets Total$2,440,000$2,440,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,280$1,046▼ $234
Total Liabilities$1,280$1,046▼ $234
Net Assets / Fund Balance
Permanently Rstr Net Assets$2,635,000$2,635,000→ $0
Unrestricted Net Assets$530,394$686,071▲ $155,677
Temporarily Rstr Net Assets$122,163$107,488▼ $14,675
Total Net Assets Fund Balance$3,287,557$3,428,559▲ $141,002
Total Liabilities and Net Assets / Fund Balance$3,288,837$3,429,605▲ $140,768

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,440,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,757,163$5,000▲ $30,248$8,831$2,742,488
2017$2,830,652$21,770▲ $32,897-$2,757,163
2016$2,750,232$105,000▲ $31,460-$2,830,652
2015$2,697,500$12,500▲ $40,232-$2,750,232
2014$232,500$2,465,000--$2,697,500
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeanne MulvaneyDirectorPT$16,000$16,000

Board Members and Trustees

NameTitle
NANCY O'KANEPresident
Mark PellegriniVice President
Becky SchlechtDirector
Brian NevilleDirector
Curt GirouardDirector
Fr Bowan SchmittDirector
Fred FaulstichDirector
JOHN O'ROURKEDirector
Jim MulvaneyDirector
Jody LegettDirector
Judy MyersDirector
MIKE O'BRIENDirector
Paul JanosikDirector
Philip MuehlDirector
Raj KarinattuDirector
Raymond BroderickDirector
William DonahueDirector
Karla GiffordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$302,692
Program Service Revenue
$0
Investment Income
$26,794
Other Revenue
$72,000
All Other Contributions
$302,692
Change in Net Assets
$123,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$235,300
Other Expenses$26,627
Salaries, Compensation, and Employee Benefits$16,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$187,365--$187,365
Grants to Domestic Individuals$47,935--$47,935
Current Officers, Directors, Trustees, and Key Employees-$16,000-$16,000
Fees for Services Accounting-$8,413-$8,413
Fees for Service Investment Mgmnt Fees-$6,797-$6,797
Insurance-$2,374-$2,374
Office Expenses-$828-$828
Other Expenses-$300-$300
All Other Expenses-$132-$132
Total Functional Expenses$235,300$42,627$0$277,927
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Schlarman High SchoolDanville, IL501(c)(3)Operation of the School$187,365
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
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
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 990 is reviewed by the executive director, treasurer, and chairman of the board prior to its filing.”

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

“Board members are required to notify the board when conflicts occur during board meetings.”

Form 990, Part VI, Section C, Line 18

“The foundation makes its tax exempt application and form 990 filings available to the public upon request at the foundation offices.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, policies, and financial records available to the public upon request at the foundation offices.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Jim mulvaney - 33 country club drive, danville, il 61832. Philip muehl - 14831 short road, danville, il 61834. Raj karinattu - 52 maywood drive, danville, il 61832. Fr. Bowan schmitt - 1303 n. Walnut, danville, il 61832. Mike o'brien - 45 maywood drive, danville, il 61832. Paul janosik - 9803 state route 1, westville, il 61883. Judy myers - 1510 n logan, danville, il 61832. Mark pellegrini - 419 wilkin rd, danville, il 61832. John o'rourke - 1915 lake terrace drive, danville, il 61832. Raymond broderick - 7 w. Raymond, danville, il 61832. Karla gifford - 14590 old ottawa rd, danville, il 61832. Jody legett - 1117 lake ridge rd, danville, il 61832. Nancy o'kane - 111 cronkhite st, danville, il 61832. Becky schlecht - p.o box 297, rossville, il 60963. Fred faulstich - 204 newell, danville, il 61832. Brian neville - po box 766, danville, il 61832. William donahue - 1133 n walnut st., danville, il 61834. Jeanne mulvaney - 33 country club drive, danville, il 61832. Curt girouard - 11 maywood dr, danville, il 61832.”

Filing and Contact Details

Filer

Filer Name
Schlarman Foundation Inc
EIN
23-7367151
Phone
2174427947
Address
PO BOX 874, DANVILLE, IL 61834-0874

Signing Officer

Name
NANCY O'KANE
Title
President
Phone
2174421184
Signed
2019-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
NANCY O'KANE
Formed
1974
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
1
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
2 EAST MAIN STREET SUITE 120, DANVILLE, IL 61832
Preparer
Phil Muehl
Phone
2174421643
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There has been no change in its oversight process.”

Financial Statement Notes

Endowed Funds

“Endowed funds include contributions from donors where the principal is to remain intact with the income used to fund scholarships for schlarman academy students.”

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IRS990/GrantAmt0235300
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt047935
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt047935
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0187365
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0187365
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0116479
IRS990/GrossReceiptsAmt0519678
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt019
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02374
IRS990/InsuranceGrp/TotalAmt02374
IRS990/InvestmentIncomeGrp/ExclusionAmt028507
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028507
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0477602
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0887521
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0118192
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SCHLARMAN FOUNDATION WAS FORMED TO PROVIDE FINANCIAL SUPPORT TO ALL FACETS OF CATHOLIC EDUCATION WITHIN THE JURISDICTION OF SCHLARMAN ACADEMY AND TO ASSIST THE SCHLARMAN DEVELOPMENT OFFICE IN PROVIDING SUPPORT IN AREAS OF LONG-RANGE FINANCIAL DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03287557
IRS990/NetAssetsOrFundBalancesEOYAmt03428559
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-1713
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-1713
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt017443
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0828
IRS990/OfficeExpensesGrp/TotalAmt0828
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02440000
IRS990/OtherAssetsTotalGrp/EOYAmt02440000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1PAYROLL TAXES
IRS990/OtherExpensesGrp/Desc2POSTAGE & PRINTING
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06072
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11224
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2487
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3300
IRS990/OtherExpensesGrp/TotalAmt06072
IRS990/OtherExpensesGrp/TotalAmt11224
IRS990/OtherExpensesGrp/TotalAmt2487
IRS990/OtherExpensesGrp/TotalAmt3300
IRS990/OtherRevenueMiscGrp/BusinessCd0111000
IRS990/OtherRevenueMiscGrp/Desc0FARM INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt072000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt072000
IRS990/OtherRevenueTotalAmt072000
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02635000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02635000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NANCY O'KANE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0276897
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0211603
IRS990/PYInvestmentIncomeAmt031568
IRS990/PYOtherExpensesAmt023110
IRS990/PYOtherRevenueAmt071210
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0133422
IRS990/PYSalariesCompEmpBnftPaidAmt011540
IRS990/PYTotalExpensesAmt0246253
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0379675
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0123559
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018281
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020302
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/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PRESIDENT OF THE BOARD SERVES ON THE FINANCE COMMITTEE OF SCHLARMAN ACADEMY. FINANCING ISSUES ARE ROUTINELY DISCUSSED AT THESE MEETINGS WHICH IMPACT THE AMOUNT OF FUNDING MADE AVAILABLE TO THE ACADEMY AND ITS STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATIONS ORGANIZATIONAL PURPOSE IS SOLELY TO FINANCIALLY SUPPORT SCHLARMAN ACADEMY. FUNDS ARE RAISED FOR EITHER DIRECT SUPPORT TO THE ACADEMY OR FOR SCHLARSHIPS FOR STUDENTS ATTENDING SCHLARMAN ACADEMY. BOARD MEMBERS AND THE DEVELOPMENT DIRECTOR OF THE FOUNDATION ATTEND BOARD AND ADVISORY COMMITTEE MEETINGS OF THE ACADEMY. THE PRINCIPAL OF THE ACADEMY ATTENDS THE FOUNDATION BOARD MEETINGS AND REPORTS ON THE FINANCIAL AND OTHER ACTIVITIES OF THE ACADEMY. THE ENTIRE BOARD MEETING AGENDA OF THE FOUNDATION PERTAINS TO THE FINANCIAL AND OTHER MATTERS OF THE ACADEMY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION D, LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION E, LINE 2A
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0364527038
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0235299
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SCHLARMAN ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0235299
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt05000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02757163
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02742488
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt036092
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt030248
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt08831
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02830652
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021770
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02757163
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0128156
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt032897
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02750232
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0105000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02830652
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt056040
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt031460
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02697500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt012500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02750232
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040232
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0232500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02465000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02697500
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02440000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FARMLAND
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.96080
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWED FUNDS INCLUDE CONTRIBUTIONS FROM DONORS WHERE THE PRINCIPAL IS TO REMAIN INTACT WITH THE INCOME USED TO FUND SCHOLARSHIPS FOR SCHLARMAN ACADEMY STUDENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0ENDOWED FUNDS
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.03920
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02440000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt047935
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO STUDENTS OF SCHLARMAN ACADEMY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/CashGrantAmt0187365
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATION OF THE SCHOOL

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,429,605
Liabilities
$1,046
Net assets
$3,428,559
Revenue
$401,486
Expenses
$277,927
Net income
$123,559
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.31$0.00$4.31$0.17$0.14$0.03
2023Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.37$0.27$0.10
2022Detailed filing. Detailed filing data is available for this year.$4.06$0.00$4.06$0.59$0.13$0.46
2021Detailed filing. Detailed filing data is available for this year.$3.87$0.00$3.87$0.37$0.15$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.49$0.00$3.49$0.15$0.09$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.43$0.00$3.43$0.40$0.28$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.29$0.00$3.29$0.38$0.25$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.15$0.00$3.15$0.21$0.12$0.08
2016Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.16$0.15$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$2.65$0.03$2.62
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.06$0.04$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.08$0.32$0.04