Civic Intelligence

Raise Texas

990 • Fiscal year 2015 • EIN 26-2087882

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

Organization Profilewww.raisetexas.org
1811 West 38th StreetAustin, TX 78731

(512) 705-9063

Siviq Scores

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

Liabilities / Assets

50th percentile

0.04x

Higher debt load relative to assets than 50% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

58th percentile

6.1%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

90th percentile

$113,351

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 38.8% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

66th percentile

7.7%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

-5.1%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$626,099

Up $44,972 (+7.7%) from 2014

Net Assets

Up

$599,070

Up $17,943 (+3.1%) from 2014

Liabilities

Up

$27,029

Up $27,029 from 2014

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin58th percentile

Revenue

Down

$292,342

Down $15,812 (-5.1%) from 2014

Expenses

Up

$274,399

Up $73,807 (+37%) from 2014

Net Income

Down

$17,943

Down $89,619 (-83%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$1.5M$1.0M$500K$0Assets 2014: $581,127Liabilities 2014: $0Net Assets 2014: $581,1272014Assets 2015: $626,099Liabilities 2015: $27,029Net Assets 2015: $599,0702015Assets 2016: $559,133Liabilities 2016: $0Net Assets 2016: $559,1332016Assets 2017: $567,745Liabilities 2017: $4,781Net Assets 2017: $562,9642017Assets 2018: $548,180Liabilities 2018: $5,218Net Assets 2018: $542,9622018Assets 2019: $508,840Liabilities 2019: $2,250Net Assets 2019: $506,5902019Assets 2020: $514,877Liabilities 2020: $6,772Net Assets 2020: $508,1052020Assets 2021: $546,886Liabilities 2021: $983Net Assets 2021: $545,9032021Assets 2022: $635,798Liabilities 2022: $252Net Assets 2022: $635,5462022Assets 2023: $654,862Liabilities 2023: $0Net Assets 2023: $654,8622023Assets 2024: $1,184,912Liabilities 2024: $33,500Net Assets 2024: $1,151,4122024

Highlighted filing

2015

Assets$626,099
Liabilities$27,029
Net Assets$599,070
Open 2015 Filing

Operations Trend

Revenue Growth32nd percentile

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

$1.0M$500K$0-$500KRevenue 2014: $308,154Expenses 2014: $200,592Net Income 2014: $107,5622014Revenue 2015: $292,342Expenses 2015: $274,399Net Income 2015: $17,9432015Revenue 2016: $244,775Expenses 2016: $284,712Net Income 2016: -$39,9372016Revenue 2017: $235,556Expenses 2017: $231,674Net Income 2017: $3,8822017Revenue 2018: $216,877Expenses 2018: $236,879Net Income 2018: -$20,0022018Revenue 2019: $210,561Expenses 2019: $246,933Net Income 2019: -$36,3722019Revenue 2020: $201,031Expenses 2020: $199,516Net Income 2020: $1,5152020Revenue 2021: $311,754Expenses 2021: $273,956Net Income 2021: $37,7982021Revenue 2022: $375,441Expenses 2022: $285,798Net Income 2022: $89,6432022Revenue 2023: $434,313Expenses 2023: $414,997Net Income 2023: $19,3162023Revenue 2024: $918,666Expenses 2024: $422,116Net Income 2024: $496,5502024

Highlighted filing

2015

Revenue$292,342
Expenses$274,399
Net Income$17,943
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$292,342
Mission and Program Overview

Mission

RAISE Texas fosters effective and sustainable initiatives that help individuals and families escape poverty by increasing personal finance skills and building assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$385,677$449,362▲ $63,685
Land, Buildings, and Equipment, Net$1,149$574▼ $575
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$581,127$626,099▲ $44,972
Other Assets Total$194,301$176,163▼ $18,138
Liabilities
Accounts Payable and Accrued Expenses-$27,029-
Total Liabilities$0$27,029▲ $27,029
Net Assets / Fund Balance
Unrestricted Net Assets$386,826$447,234▲ $60,408
Temporarily Rstr Net Assets$194,301$151,836▼ $42,465
Total Net Assets Fund Balance$581,127$599,070▲ $17,943
Total Liabilities and Net Assets / Fund Balance$581,127$626,099▲ $44,972

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$574$2,300$2,874
Other Assets Org$176,163--
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert WidrowExecutive DirectorFT$90,295$23,056$113,351

Board Members and Trustees

NameTitle
Tim MorstadChairman
Adrian DuranDirector
Ann BaddourDirector
Don BaylorDirector
Emily DeMariaDirector
Julian HuertaDirector
Mark NerioDirector
Roy LopezDirector
Susan San MartinDirector
Susan SmithsonDirector
Mary YoungSecretary
Stephan FairfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$291,960
Program Service Revenue
$0
Investment Income
$382
Other Revenue
$0
All Other Contributions
$290,910
Change in Net Assets
$17,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,342
Total Revenue per Audited Statements
$292,342
Total Revenue per Form 990
$292,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$165,903
Other Expenses$55,879
Grants and Similar Amounts Paid$52,617
Total Fundraising Expense$8,295
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$81,265$4,515$4,515$90,295
Grants to Domestic Orgs$52,617--$52,617
Comp Disqual Persons$38,160$2,120$2,120$42,400
Other Employee Benefits$20,750$1,153$1,153$23,056
Fees for Services Other$18,024--$18,024
Conferences and Meetings$16,137--$16,137
Payroll Taxes$9,138$507$507$10,152
Fees for Services Accounting-$8,700-$8,700
Information Technology$4,838--$4,838
Travel$2,377--$2,377
Insurance-$1,585-$1,585
Office Expenses$614--$614
Depreciation Depletion-$575-$575
Other Expenses$46--$46
Total Functional Expenses$246,949$19,155$8,295$274,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$274,399
Total Expenses per Audited Statements$274,399
Total Expenses per Form 990$274,399
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas Council on Economic EduHouston, TX501(c)(3)Smarter Tx finacial ed program$24,050
Foundation CommunitiesAustin, TX501(c)(3)Project support$12,650
United Way of TexasAustin, TX501(c)(3)Project Support$9,250
United Way of Metropolitan DaDallas, TX501(c)(3)Project support$6,667
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

“Form 990 is reviewed by the President/Chairman prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Officers, directors, trustees and key employees are required to submit immediately for review any actions that could potentially pose as a conflict of interest. Such interests are reviewed annually for any changes.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation is determined and approved by the Board of Directors on an annual basis.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Raise Texas
EIN
26-2087882
Phone
5127059063
Address
1811 West 38th Street, Austin, TX 78731

Signing Officer

Name
Robert Widrow
Title
Executive Director
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Widrow
Formed
1997
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
M Group Llp
Address
515 W SOUTHLAKE BLVD Ste 150, SOUTHLAKE, TX 76092-6176
Preparer
Michael C Martin
Phone
8178651360
Supplemental Narrative

Additional Explanations

2015 Financial Statement Audit

“The organization's policy is to obtain annual independent financial statement audits. The organization's 2015 calendar year audit was not completed as of the due date of this 2015 tax return and may contain audit adjustments not reflected on this tax return.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation is a not-for-profit corporation under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. The Corporation did not have any unrelated business income during 2015 and 2014. Current accounting standards require that entities recognize any uncertain tax position that is more-likely-than-not to be sustained upon examination. Management believes it has no material uncertain tax positions. Accordingly, no provision or benefits for income taxes have been recorded in the financial statements.Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. There are no examinations currently in progress.”

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0382
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02300
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01149
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0574
IRS990/LandBldgEquipCostOrOtherBssAmt02874
IRS990/LegalDomicileStateCd0TX
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt01050
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0RAISE Texas fosters effective and sustainable initiatives that help individuals and families escape poverty by increasing personal finance skills and building assets.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0581127
IRS990/NetAssetsOrFundBalancesEOYAmt0599070
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0614
IRS990/OfficeExpensesGrp/TotalAmt0614
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0194301
IRS990/OtherAssetsTotalGrp/EOYAmt0176163
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01153
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01153
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020750
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023056
IRS990/OtherExpensesGrp/Desc0Telephone/Pager
IRS990/OtherExpensesGrp/Desc1Bank Fees
IRS990/OtherExpensesGrp/Desc2Postage and Shipping
IRS990/OtherExpensesGrp/ProgramServicesAmt01778
IRS990/OtherExpensesGrp/ProgramServicesAmt11205
IRS990/OtherExpensesGrp/ProgramServicesAmt246
IRS990/OtherExpensesGrp/TotalAmt01778
IRS990/OtherExpensesGrp/TotalAmt11205
IRS990/OtherExpensesGrp/TotalAmt246
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0507
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0507
IRS990/PayrollTaxesGrp/ProgramServicesAmt09138
IRS990/PayrollTaxesGrp/TotalAmt010152
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Robert Widrow
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0308154
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08375
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt046834
IRS990/PYRevenuesLessExpensesAmt0107562
IRS990/PYSalariesCompEmpBnftPaidAmt0145383
IRS990/PYTotalExpensesAmt0200592
IRS990/PYTotalRevenueAmt0308154
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt017943
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0291960
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0291960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0308154
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0264800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0264653
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0508750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01638317
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0382
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0221
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0382
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0221
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0821
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99950
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01638317
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0291960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0308154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0264800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0264653
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0508750
IRS990ScheduleA/Total509Grp/TotalAmt01638317
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0292342
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0308154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0264938
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0264874
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0508830
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01639138
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0574
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02874
IRS990ScheduleD/ExpensesSubtotalAmt0274399
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0176163
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Cash
IRS990ScheduleD/RevenueSubtotalAmt0292342
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is a not-for-profit corporation under the provisions of Section 501(c)(3) of the Internal Revenue Code and is exempt from federal income taxes. The Corporation did not have any unrelated business income during 2015 and 2014. Current accounting standards require that entities recognize any uncertain tax position that is more-likely-than-not to be sustained upon examination. Management believes it has no material uncertain tax positions. Accordingly, no provision or benefits for income taxes have been recorded in the financial statements.Income tax returns filed by the Corporation are subject to examination by the Internal Revenue Service for a period of three years. There are no examinations currently in progress.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$626,099
Liabilities
$27,029
Net assets
$599,070
Revenue
$292,342
Expenses
$274,399
Net income
$17,943
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.03$1.15$0.92$0.42$0.50
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.43$0.41$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.38$0.29$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.31$0.27$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.51$0.20$0.20$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.21$0.25$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$0.22$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.56$0.24$0.23$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.24$0.28$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.03$0.60$0.29$0.27$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.31$0.20$0.11