Civic Intelligence

Slover Library Foundation

990 • Fiscal year 2019 • EIN 26-3772819

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 18, 2020

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

18th percentile

0.01x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

53rd percentile

0.19x

Higher debt load relative to revenue than 53% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$150,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 29.4% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

46th percentile

2.0%

Faster asset growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-36%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$9,069,006

Up $176,075 (+2.0%) from 2018

Net Assets

Up

$8,973,416

Up $367,958 (+4.3%) from 2018

Liabilities

Down

$95,590

Down $191,883 (-67%) from 2018

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin8th percentile

Revenue

Down

$510,054

Down $280,914 (-36%) from 2018

Expenses

Up

$689,970

Up $42,614 (+6.6%) from 2018

Net Income

Down

-$179,916

Down $323,528 (-225%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2019

Assets$9,069,006
Liabilities$95,590
Net Assets$8,973,416
Open 2019 Filing

Operations Trend

Revenue Growth9th 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

2019

Revenue$510,054
Expenses$689,970
Net Income-$179,916
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 18, 2020
Return Version
2018v3.1
Gross Receipts
$1,093,835
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$6,182,454$6,498,557▲ $316,103
Investments Other Securities$2,120,412$2,053,149▼ $67,263
Cash and Non-Interest-Bearing Accounts$201,196$291,642▲ $90,446
Pledges and Grants Receivable$259,097$67,150▼ $191,947
Prepaid Expenses and Deferred Charges$10,000$17,000▲ $7,000
Inventories for Sale or Use$3,600$6,260▲ $2,660
Accounts Receivable-$5,018-
Total Assets$8,892,931$9,069,006▲ $176,075
Other Assets Total$116,172$130,230▲ $14,058
Liabilities
Deferred Revenue$259,097$67,150▼ $191,947
Other Liabilities$25,100$25,100→ $0
Accounts Payable and Accrued Expenses$3,276$3,340▲ $64
Total Liabilities$287,473$95,590▼ $191,883
Net Assets / Fund Balance
Unrestricted Net Assets$8,531,494$8,806,791▲ $275,297
Temporarily Rstr Net Assets$73,964$166,625▲ $92,661
Total Net Assets Fund Balance$8,605,458$8,973,416▲ $367,958
Total Liabilities and Net Assets / Fund Balance$8,892,931$9,069,006▲ $176,075

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,053,149--
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
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
$456,538
Program Service Revenue
$0
Investment Income
$16,906
Other Revenue
$36,610
All Other Contributions
$396,018
Change in Net Assets
$-179,916

Audited Revenue Reconciliation

Revenue per Audited Statements
$487,741
Revenue Not Reported on Financial Statements
$22,313
Revenue Not Reported on Form 990
$592,874
Total Revenue per Audited Statements
$1,080,615
Total Revenue per Form 990
$510,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,861
Salaries, Compensation, and Employee Benefits$230,109
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-$37,217-$37,217
Fees for Service Investment Mgmnt Fees-$22,313-$22,313
Other Expenses$8,976$8,122-$17,098
Payroll Taxes$9,821$5,288-$15,109
Insurance$7,051--$7,051
Office Expenses-$5,151-$5,151
Total Functional Expenses$536,629$153,341$0$689,970

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$712,657
Total Expenses per Form 990$689,970
Expenses per Audited Statements$667,657
Expenses Not Reported on Form 990$45,000
Expenses Not Reported on Financial Statements$22,313
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
2020-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul D Fraim
Formed
2008
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
12
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 495 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/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05151
IRS990/OfficeExpensesGrp/TotalAmt05151
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0116172
IRS990/OtherAssetsTotalGrp/EOYAmt0130230
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EXHIBIT AND EVENT SPONS
IRS990/OtherExpensesGrp/Desc1TECHNOLOGY INVESTMENTS
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08122
IRS990/OtherExpensesGrp/ProgramServicesAmt0273082
IRS990/OtherExpensesGrp/ProgramServicesAmt197949
IRS990/OtherExpensesGrp/ProgramServicesAmt28976
IRS990/OtherExpensesGrp/TotalAmt0273082
IRS990/OtherExpensesGrp/TotalAmt197949
IRS990/OtherExpensesGrp/TotalAmt217098
IRS990/OtherLiabilitiesGrp/BOYAmt025100
IRS990/OtherLiabilitiesGrp/EOYAmt025100
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029565
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029565
IRS990/OtherRevenueTotalAmt029565
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt065000
IRS990/OtherSalariesAndWagesGrp/TotalAmt065000
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05288
IRS990/PayrollTaxesGrp/ProgramServicesAmt09821
IRS990/PayrollTaxesGrp/TotalAmt015109
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0259097
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt067150
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017000
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/ExpenseAmt097949
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/ExpenseAmt0165598
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0526252
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0240896
IRS990/PYOtherExpensesAmt0417322
IRS990/PYOtherRevenueAmt023820
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0143612
IRS990/PYSalariesCompEmpBnftPaidAmt0230034
IRS990/PYTotalExpensesAmt0647356
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0790968
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-179916
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0456538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0526252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0414813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0808473
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01457287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03663363
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0265379
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0239953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0227376
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0229759
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025360
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0987827
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06905
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73860
IRS990ScheduleA/PublicSupportPY170Pct00.80010
IRS990ScheduleA/PublicSupportTotal170Amt03435459
IRS990ScheduleA/SubstantialContributorsTotAmt0227904
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0456538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0526252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0414813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0808473
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01457287
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03663363
IRS990ScheduleA/TotalSupportAmt04651190
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/ExpensesNotReportedAmt045000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022313
IRS990ScheduleD/ExpensesSubtotalAmt0667657
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt022313
IRS990ScheduleD/InvestmentExpensesNotIncldAmt022313
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0547874
IRS990ScheduleD/OtherExpensesIncludedAmt045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SLOVER TENANT
IRS990ScheduleD/OtherRevenueAmt045000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02053149
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMITED PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0592874
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt022313
IRS990ScheduleD/RevenueSubtotalAmt0487741
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/TotalBookValueSecuritiesAmt02053149
IRS990ScheduleD/TotalExpensesPerForm990Amt0689970
IRS990ScheduleD/TotalLiabilityAmt025100
IRS990ScheduleD/TotalRevenuePerForm990Amt0510054
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01080615
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0712657
IRS990/ScheduleJRequiredInd00
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
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd01
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt050000

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,069,006
Liabilities
$95,590
Net assets
$8,973,416
Revenue
$510,054
Expenses
$689,970
Net income
-$179,916
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