Civic Intelligence

Slover Library Foundation

990 • Fiscal year 2018 • EIN 26-3772819

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 15, 2019

Organization ProfileSLOVERLIBRARY.ORG
235 E Plume StreetNorfolk, VA 23510

(757) 664-4320

Siviq Scores

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

Liabilities / Assets

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.36x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

62nd percentile

$150,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

61st percentile

4.9%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

32%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$8,892,931

Up $414,153 (+4.9%) from 2017

Net Assets

Up

$8,605,458

Up $482,823 (+5.9%) from 2017

Liabilities

Down

$287,473

Down $68,670 (-19%) from 2017

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin76th percentile

Revenue

Up

$790,968

Up $193,189 (+32%) from 2017

Expenses

Up

$647,356

Up $288,771 (+81%) from 2017

Net Income

Down

$143,612

Down $95,582 (-40%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$40M$30M$20M$10M$0Assets 2012: $37,839,062Liabilities 2012: $3,257,346Net Assets 2012: $34,581,7162012Assets 2013: $23,155,075Liabilities 2013: $2,785,693Net Assets 2013: $20,369,3822013Assets 2017: $8,478,778Liabilities 2017: $356,143Net Assets 2017: $8,122,6352017Assets 2018: $8,892,931Liabilities 2018: $287,473Net Assets 2018: $8,605,4582018Assets 2019: $9,069,006Liabilities 2019: $95,590Net Assets 2019: $8,973,4162019Assets 2020: $9,043,797Liabilities 2020: $28,374Net Assets 2020: $9,015,4232020Assets 2021: $11,008,810Liabilities 2021: $27,227Net Assets 2021: $10,981,5832021Assets 2022: $9,941,575Liabilities 2022: $25,100Net Assets 2022: $9,916,4752022Assets 2023: $10,476,167Liabilities 2023: $0Net Assets 2023: $10,476,1672023Assets 2024: $11,432,335Liabilities 2024: $0Net Assets 2024: $11,432,3352024

Highlighted filing

2018

Assets$8,892,931
Liabilities$287,473
Net Assets$8,605,458
Open 2018 Filing

Operations Trend

Revenue Growth83rd percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2012: $405,3382012Expenses 2013: $15,959,2272013Revenue 2017: $597,779Expenses 2017: $358,585Net Income 2017: $239,1942017Revenue 2018: $790,968Expenses 2018: $647,356Net Income 2018: $143,6122018Revenue 2019: $510,054Expenses 2019: $689,970Net Income 2019: -$179,9162019Revenue 2020: $660,719Expenses 2020: $735,957Net Income 2020: -$75,2382020Revenue 2021: $2,154,646Expenses 2021: $450,527Net Income 2021: $1,704,1192021Revenue 2022: $614,841Expenses 2022: $548,417Net Income 2022: $66,4242022Revenue 2023: $28,481Expenses 2023: $505,727Net Income 2023: -$477,2462023Revenue 2024: $291,505Expenses 2024: $433,888Net Income 2024: -$142,3832024

Highlighted filing

2018

Revenue$790,968
Expenses$647,356
Net Income$143,612
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$943,874
Mission and Program Overview

Mission

The foundation's mission is to support the maintenance and operation of a central library for the city of norfolk.

Support for a central library for the city of norfolk.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,880,401$6,182,454▲ $302,053
Investments Other Securities$2,108,606$2,120,412▲ $11,806
Pledges and Grants Receivable$327,549$259,097▼ $68,452
Cash and Non-Interest-Bearing Accounts$60,107$201,196▲ $141,089
Prepaid Expenses and Deferred Charges-$10,000-
Inventories for Sale or Use-$3,600-
Total Assets$8,478,778$8,892,931▲ $414,153
Other Assets Total$102,115$116,172▲ $14,057
Liabilities
Deferred Revenue$327,549$259,097▼ $68,452
Other Liabilities$25,100$25,100→ $0
Accounts Payable and Accrued Expenses$3,494$3,276▼ $218
Total Liabilities$356,143$287,473▼ $68,670
Net Assets / Fund Balance
Unrestricted Net Assets$8,122,635$8,531,494▲ $408,859
Temporarily Rstr Net Assets-$73,964-
Total Net Assets Fund Balance$8,122,635$8,605,458▲ $482,823
Total Liabilities and Net Assets / Fund Balance$8,478,778$8,892,931▲ $414,153

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,120,412--
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul D FraimChairman & PresidentFT$150,000$150,000

Board Members and Trustees

NameTitle
Wayne WilbanksVice Chairman
Anne B ShumadineDirector
Audrey ParrottDirector
Conrad M HallDirector
David L BerndDirector
Deborah Butler PainterDirector
Frank Batten JrDirector
Frank T GadamsDirector
Jane P BattenDirector
Jordan E SloneDirector
Lisa F ChandlerDirector
Richard F Barry IiiDirector
Yvonne T AllmondDirector
Vincent J Mastracco JrSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$526,252
Program Service Revenue
$0
Investment Income
$240,896
Other Revenue
$23,820
All Other Contributions
$439,684
Change in Net Assets
$143,612

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$83,783Nyse
Total Noncash Contributions5$83,783-

Audited Revenue Reconciliation

Revenue per Audited Statements
$790,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$384,211
Total Revenue per Audited Statements
$1,175,179
Total Revenue per Form 990
$790,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$417,322
Salaries, Compensation, and Employee Benefits$230,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$139,750$10,250-$150,000
Other Salaries and Wages-$65,000-$65,000
Fees for Services Accounting-$26,952-$26,952
Fees for Service Investment Mgmnt Fees-$22,189-$22,189
Payroll Taxes$9,772$5,262-$15,034
Other Expenses$149,536$7,777-$7,777
Insurance$6,559--$6,559
Fees for Services Legal-$3,540-$3,540
Office Expenses-$2,787-$2,787
Total Functional Expenses$503,599$143,757$0$647,356

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$692,356
Expenses per Audited Statements$647,356
Total Expenses per Form 990$647,356
Expenses Not Reported on Form 990$45,000
Expenses Not Reported on Financial Statements$0
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 Slover Tenant$25,100
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 2

“Jane p. Batten and frank batten, jr. Have a family relationship. Jane p. Batten and frank batten, jr. Have a business relationship with anne shumadine. Frank batten jr., conrad hall, and richard f. Barry iii have business relationships. Paul d. Fraim and yvonne t. Allmond have a business relationship.”

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

“The return is reviwed by an officer of the organization prior to filing.”

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

“The foundation's officers and directors have been provided a copy of the written policy regarding conflicts of interest. The foundation engages in a limited number of transactions and the officers evaluate potential conflicts as new transactions are entered into.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents,conflict of interest policy, and financial statements are made available upon request. Its financial statements are also available for viewing on the foundation's website.”

Filing and Contact Details

Filer

Filer Name
Slover Library Foundation
EIN
26-3772819
Phone
7576644320
Address
235 E PLUME STREET, NORFOLK, VA 23510

Signing Officer

Name
Vincent J Mastracco Jr
Title
Secretary & Treasurer
Phone
7576644320
Signed
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul D Fraim
Formed
2008
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
14
Employees
2
Volunteers
0

Preparer

Firm
Cavanaugh Nelson Plc
Address
999 WATERSIDE DRIVE SUITE 2250, NORFOLK, VA 23510
Preparer
Mark a Nelson
Phone
7575784900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The foundation uses the modified cash basis of accounting, modified to present investments and related accrued income at fair value. All other items of income and expense are presented on a cash basis.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The foundation's tax returns are generally subject to examination by authorities for a period of three years from the date they are filed. In september of 2015 the irs approved the foundation's request to be classified as a public charity retroactive to its year ended june 30, 2014 and deemed the foundation a supporting organization of the city of norfolk. Accordingly, the foundation was not required to file annual tax returns for the years ended june 30, 2014 through 2016. Due to an amendment of its bylaws effective july 1, 2016 the foundation is no longer considered a supporting organization and is required to file an annual tax return for the year ending june 30, 2017 and subsequent years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES”

Raw XML AppendixShowing 400 of 503 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/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt086568
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO SUPPORT THE MAINTENANCE AND OPERATION OF A CENTRAL LIBRARY FOR THE CITY OF NORFOLK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08122635
IRS990/NetAssetsOrFundBalancesEOYAmt08605458
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt050943
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt050943
IRS990/NetIncomeOrLossGrp/ExclusionAmt04270
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt04270
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05000
IRS990/NetUnrelatedBusTxblIncmAmt04902
IRS990/NetUnrlzdGainsLossesInvstAmt0339211
IRS990/NoncashContributionsAmt083783
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02787
IRS990/OfficeExpensesGrp/TotalAmt02787
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0102115
IRS990/OtherAssetsTotalGrp/EOYAmt0116172
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EXHIBIT AND EVENT SPONS
IRS990/OtherExpensesGrp/Desc1TECHNOLOGY INVESTMENTS
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07777
IRS990/OtherExpensesGrp/ProgramServicesAmt0197982
IRS990/OtherExpensesGrp/ProgramServicesAmt1149536
IRS990/OtherExpensesGrp/TotalAmt0197982
IRS990/OtherExpensesGrp/TotalAmt1149536
IRS990/OtherExpensesGrp/TotalAmt27777
IRS990/OtherLiabilitiesGrp/BOYAmt025100
IRS990/OtherLiabilitiesGrp/EOYAmt025100
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014550
IRS990/OtherRevenueTotalAmt014550
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065000
IRS990/OtherSalariesAndWagesGrp/TotalAmt065000
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05262
IRS990/PayrollTaxesGrp/ProgramServicesAmt09772
IRS990/PayrollTaxesGrp/TotalAmt015034
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0327549
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0259097
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/PrincipalOfficerNm0PAUL D FRAIM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0INVESTMENTS IN THE NORFOLK PUBLIC LIBRARY'S FACILITIES AND TECHNOLOGY IMPROVEMENTS TO SUPPORT ITS ONGOING MISSION AND ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0149536
IRS990/ProgSrvcAccomActy3Grp/Desc0ACTIVITIES AND EVENTS IN THE COMMUNITY TO PROMOTE THE NORFOLK PUBLIC LIBRARY AND ITS PROGRAMS INCLUDING SPONSORSHIP OF EDUCATIONAL WORKSHOPS, DECORATION OF LIBRARY SPACE FOR HOLIDAY EVENTS, DEVELOPMENT OF INTERACTIVE APPLICATIONS FOR PATRONS, DISTRIBUTION OF PROMOTIONAL MATERIALS, AND SIMILAR ACTIVITES. INCLUDES CERTAIN PROGRAMS COORDINATED WITH THE VIRGINIA ARTS FESTIVAL, NAUTICUS FOUNDATION, VIRGINIA FOUNDATION FOR THE HUMANITIES AND OTHER NON-PROFIT ORGANIZATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0156081
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0414813
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0177376
IRS990/PYOtherExpensesAmt0156293
IRS990/PYOtherRevenueAmt05590
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0239194
IRS990/PYSalariesCompEmpBnftPaidAmt0202292
IRS990/PYTotalExpensesAmt0358585
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0597779
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0143612
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0526252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0414813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0808473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01457287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01278432
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04485257
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0239953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0227376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0229759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0166891
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0889339
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04860
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80010
IRS990ScheduleA/PublicSupportPY170Pct00.77760
IRS990ScheduleA/PublicSupportTotal170Amt04300241
IRS990ScheduleA/SubstantialContributorsTotAmt0185016
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0526252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0414813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0808473
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01457287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01278432
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04485257
IRS990ScheduleA/TotalSupportAmt05374596
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt045000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0647356
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0339211
IRS990ScheduleD/OtherExpensesIncludedAmt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SLOVER TENANT
IRS990ScheduleD/OtherRevenueAmt045000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02120412
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMITED PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0384211
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0790968
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. IN SEPTEMBER OF 2015 THE IRS APPROVED THE FOUNDATION'S REQUEST TO BE CLASSIFIED AS A PUBLIC CHARITY RETROACTIVE TO ITS YEAR ENDED JUNE 30, 2014 AND DEEMED THE FOUNDATION A SUPPORTING ORGANIZATION OF THE CITY OF NORFOLK. ACCORDINGLY, THE FOUNDATION WAS NOT REQUIRED TO FILE ANNUAL TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2014 THROUGH 2016. DUE TO AN AMENDMENT OF ITS BYLAWS EFFECTIVE JULY 1, 2016 THE FOUNDATION IS NO LONGER CONSIDERED A SUPPORTING ORGANIZATION AND IS REQUIRED TO FILE AN ANNUAL TAX RETURN FOR THE YEAR ENDING JUNE 30, 2017 AND SUBSEQUENT YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02120412
IRS990ScheduleD/TotalExpensesPerForm990Amt0647356
IRS990ScheduleD/TotalLiabilityAmt025100
IRS990ScheduleD/TotalRevenuePerForm990Amt0790968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01175179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0692356
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt05
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0NYSE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt083783
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A FAMILY RELATIONSHIP. JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A BUSINESS RELATIONSHIP WITH ANNE SHUMADINE. FRANK BATTEN JR., CONRAD HALL, AND RICHARD F. BARRY III HAVE BUSINESS RELATIONSHIPS. PAUL D. FRAIM AND YVONNE T. ALLMOND HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS REVIWED BY AN OFFICER OF THE ORGANIZATION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S OFFICERS AND DIRECTORS HAVE BEEN PROVIDED A COPY OF THE WRITTEN POLICY REGARDING CONFLICTS OF INTEREST. THE FOUNDATION ENGAGES IN A LIMITED NUMBER OF TRANSACTIONS AND THE OFFICERS EVALUATE POTENTIAL CONFLICTS AS NEW TRANSACTIONS ARE ENTERED INTO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ITS FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR VIEWING ON THE FOUNDATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION USES THE MODIFIED CASH BASIS OF ACCOUNTING, MODIFIED TO PRESENT INVESTMENTS AND RELATED ACCRUED INCOME AT FAIR VALUE. ALL OTHER ITEMS OF INCOME AND EXPENSE ARE PRESENTED ON A CASH BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$8,892,931
Liabilities
$287,473
Net assets
$8,605,458
Revenue
$790,968
Expenses
$647,356
Net income
$143,612
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.4$0.00$11.4$0.29$0.43$0.14
2023Detailed filing. Detailed filing data is available for this year.$10.5$0.00$10.5$0.03$0.51$0.48
2022Detailed filing. Detailed filing data is available for this year.$9.94$0.03$9.92$0.61$0.55$0.07
2021Detailed filing. Detailed filing data is available for this year.$11.0$0.03$11.0$2.15$0.45$1.70
2020Detailed filing. Detailed filing data is available for this year.$9.04$0.03$9.02$0.66$0.74$0.08
2019Detailed filing. Detailed filing data is available for this year.$9.07$0.10$8.97$0.51$0.69$0.18
2018Detailed filing. Detailed filing data is available for this year.$8.89$0.29$8.61$0.79$0.65$0.14
2017Detailed filing. Detailed filing data is available for this year.$8.48$0.36$8.12$0.60$0.36$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$2.79$20.4$16.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$3.26$34.6$0.41