Civic Intelligence

Verland Endowment

990 • Fiscal year 2018 • EIN 25-1440467

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

Organization Profilewww.verland.org
212 Iris RoadSewickley, PA 15143

(412) 741-2375

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$317,963

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

133%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$13,546,373

Up $1,746,532 (+15%) from 2017

Net Assets

Up

$13,546,373

Up $1,746,532 (+15%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin96th percentile

Revenue

Up

$2,635,842

Up $1,506,857 (+133%) from 2017

Expenses

Up

$691,552

Up $138,318 (+25%) from 2017

Net Income

Up

$1,944,290

Up $1,368,539 (+238%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$20M$15M$10M$5.0M$0Assets 2017: $11,799,841Liabilities 2017: $0Net Assets 2017: $11,799,8412017Assets 2018: $13,546,373Liabilities 2018: $0Net Assets 2018: $13,546,3732018Assets 2019: $14,407,196Liabilities 2019: $0Net Assets 2019: $14,407,1962019Assets 2020: $15,048,354Liabilities 2020: $0Net Assets 2020: $15,048,3542020Assets 2021: $17,237,441Liabilities 2021: $0Net Assets 2021: $17,237,4412021Assets 2022: $14,633,834Liabilities 2022: $0Net Assets 2022: $14,633,8342022Assets 2023: $15,593,125Liabilities 2023: $15Net Assets 2023: $15,593,1102023Assets 2024: $17,339,594Liabilities 2024: $22,515Net Assets 2024: $17,317,0792024

Highlighted filing

2018

Assets$13,546,373
Liabilities$0
Net Assets$13,546,373
Open 2018 Filing

Operations Trend

Revenue Growth95th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $1,128,985Expenses 2017: $553,234Net Income 2017: $575,7512017Revenue 2018: $2,635,842Expenses 2018: $691,552Net Income 2018: $1,944,2902018Revenue 2019: $1,039,132Expenses 2019: $582,015Net Income 2019: $457,1172019Revenue 2020: $309,029Expenses 2020: $615,464Net Income 2020: -$306,4352020Revenue 2021: $2,812,096Expenses 2021: $700,503Net Income 2021: $2,111,5932021Revenue 2022: $723,074Expenses 2022: $658,159Net Income 2022: $64,9152022Revenue 2023: $655,827Expenses 2023: $669,618Net Income 2023: -$13,7912023Revenue 2024: $321,325Expenses 2024: $812,465Net Income 2024: -$491,1402024

Highlighted filing

2018

Revenue$2,635,842
Expenses$691,552
Net Income$1,944,290
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.0
Gross Receipts
$8,333,879
Mission and Program Overview

Mission

Verland Endowment provides support to members of the Verland System by soliciting, maintaining and investing an endowment fund of funds to be used for the general financial system, including the making of capital contributions, grants and loans for the purpose of maintenance of facilities.

Verland Endowment provides support to the Verland System by soliciting, maintaining and investing an endowment fund of funds to be used to make capital contributions, grants and loans for facility maintenance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,826,545$12,457,905▲ $1,631,360
Other Notes and Loans Receivable, Net$500,000$500,000→ $0
Investments Other Securities$276,437$376,084▲ $99,647
Cash and Non-Interest-Bearing Accounts$116,702$135,816▲ $19,114
Pledges and Grants Receivable$7,500$0▼ $7,500
Total Assets$11,799,841$13,546,373▲ $1,746,532
Other Assets Total$72,657$76,568▲ $3,911
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$8,855,083$10,291,819▲ $1,436,736
Unrestricted Net Assets$2,588,937$2,839,878▲ $250,941
Temporarily Rstr Net Assets$355,821$414,676▲ $58,855
Total Net Assets Fund Balance$11,799,841$13,546,373▲ $1,746,532
Total Liabilities and Net Assets / Fund Balance$11,799,841$13,546,373▲ $1,746,532

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$11,799,841$1,025,000▲ $1,404,211$618,286$13,546,373
2016$10,730,191$0▲ $1,622,884$495,746$11,799,841
2015$12,501,478$35,000▲ $409,353$2,157,369$10,730,191
2014$12,330,077$50,493▲ $975,043$792,944$12,501,478
2013$10,957,526$168,300▲ $1,678,874$411,330$12,330,077
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Daniel O'MalleyChairperson
William HarrigerPresident/CEO
Robert C Urban JrController
Carol B MitchellDeputy CEO
Colleen PietrusinskiMember
Elizabeth BilodeauMember
Jon ThomasMember
Matrid HarperMember
Melinda OrmeMember
Ray HuberMember
Robert DevlinMember
Paul B LongSecretary
David DuesselTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,033,873
Program Service Revenue
$0
Investment Income
$1,601,969
Other Revenue
$0
All Other Contributions
$1,033,873
Change in Net Assets
$1,944,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$627,159
Other Expenses$64,393
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$627,159--$627,159
Fees for Service Investment Mgmnt Fees-$64,393-$64,393
Total Functional Expenses$627,159$64,393$0$691,552
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Verland CLASewickley, PA501(c)(3)Operating costs; Fixed Assets$362,519
The Verland Foundation IncSewickley, PA501(c)(3)Fixed Assets$188,640
VerlandSewickley, PA501(c)(3)Operating costs; Fixed Assets$76,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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 A, Line 6

“Verland (25-1440761) is the sole member of Verland Endowment.”

Form 990, Part VI, Section A, Line 7A

“Verland (25-1440761) is the Parent and sole-member and appoints the governing body.”

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

“After approval of the Audit and Finance Committee, the Form 990 is distributed to each Board Member for review. Formal approval of the Form 990 is conducted at a Board Meeting prior to IRS filing.”

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

“Verland has a competitive bid policy for the purchase of significant goods and services (greater than $5,000). The policy applies regardless in the event a Board Member were involved. It is the policy of Verland and affiliates that Board Members recuse themselves from any votes that may represent a conflict of interest.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request at the corporate office: Verland Endowment, 212 Iris Road Sewickley, PA 15143. Documents are also available through online services such as www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Verland Endowment
EIN
25-1440467
Phone
4127412375
Address
212 Iris Road, Sewickley, PA 15143

Signing Officer

Name
Robert Urban Jr
Title
Controller
Phone
4127412375
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert C Urban Jr
Formed
1978
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Bdo USA Llp
Address
339 Sixth Ave, 8th Fl, Pittsburgh, PA 15222
Preparer
Jacob Cook
Phone
4122812501
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 5

“Other Changes in Net Assets are Unrealized Loss on Investments (-$201,669) and increase in CSV of Life Insurance Policy ($3,911)”

Financial Statement Notes

Schedule D, Part V, Line 4

“Verland Endowment provides support to members of the Verland System by soliciting, maintaining and investing an endowment fund of funds to be used for the general financial system, including the making of capital contributions, grants, and loans for the purpose of maintenance of facilities.”

Schedule D, Part X, Line 2

“Accounting principles generally accepted in the United States of America require the System's management to evaluate tax positions taken by the System and recognize a tax liability (asset) if the System has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the System and has concluded that, as of June 30, 2018, there are no uncertain tax positions taken or expected to be taken. The system is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01361340
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-197758
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt072657
IRS990/OtherAssetsTotalGrp/EOYAmt076568
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0500000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0500000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08855083
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt010291819
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Robert C Urban Jr
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0495746
IRS990/PYInvestmentIncomeAmt01128985
IRS990/PYOtherExpensesAmt057488
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0575751
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0553234
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01128985
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01944290
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
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/Form990ScheduleAPartVIGrp/ExplanationTxt0The supported organizations are designated by class or purpose. Verland Commons (25-1704606) is supported through its relationship with Verland CLA (23-2250268).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 1
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt04
IRS990ScheduleA/SupportedOrganizationsTotalCnt04
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0251344230
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1232250268
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2251704606
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3251440761
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd20
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd31
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd27
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd37
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0188640
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1353646
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt376000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Verland Foundation Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1Verland CLA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2Verland Commons
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3Verland
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0618286
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.2096
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt064393
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011799841
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01025000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt013546373
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01404211
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0618286
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt057488
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010730191
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011799841
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01622884
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0495746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt058271
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012501478
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt035000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010730191
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0409353
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02157369
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt061191
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012330077
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt050493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012501478
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0975043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0792944
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt063293
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010957526
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0168300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012330077
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01678874
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0411330
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.7597
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Verland Endowment provides support to members of the Verland System by soliciting, maintaining and investing an endowment fund of funds to be used for the general financial system, including the making of capital contributions, grants, and loans for the purpose of maintenance of facilities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accounting principles generally accepted in the United States of America require the System's management to evaluate tax positions taken by the System and recognize a tax liability (asset) if the System has taken an uncertain position that more likely than not would not be sustained upon examination by a taxing authority. Management has analyzed the tax positions taken by the System and has concluded that, as of June 30, 2018, there are no uncertain tax positions taken or expected to be taken. The system is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 2
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.0307
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0188640
IRS990ScheduleI/RecipientTable/CashGrantAmt1362519
IRS990ScheduleI/RecipientTable/CashGrantAmt276000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,546,373
Liabilities
$0
Net assets
$13,546,373
Revenue
$2,635,842
Expenses
$691,552
Net income
$1,944,290
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$0.02$17.3$0.32$0.81$0.49
2023Detailed filing. Detailed filing data is available for this year.$15.6$0.00$15.6$0.66$0.67$0.01
2022Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$0.72$0.66$0.06
2021Detailed filing. Detailed filing data is available for this year.$17.2$0.00$17.2$2.81$0.70$2.11
2020Detailed filing. Detailed filing data is available for this year.$15.0$0.00$15.0$0.31$0.62$0.31
2019Detailed filing. Detailed filing data is available for this year.$14.4$0.00$14.4$1.04$0.58$0.46
2018Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$2.64$0.69$1.94
2017Detailed filing. Detailed filing data is available for this year.$11.8$0.00$11.8$1.13$0.55$0.58