Civic Intelligence

Slover Library Foundation

990 • Fiscal year 2021 • EIN 26-3772819

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 02, 2022

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

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

95th percentile

79%

Higher net margin than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$140,000

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

73rd percentile

22%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

226%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$11,008,810

Up $1,965,013 (+22%) from 2020

Net Assets

Up

$10,981,583

Up $1,966,160 (+22%) from 2020

Liabilities

Down

$27,227

Down $1,147 (-4.0%) from 2020

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin95th percentile

Revenue

Up

$2,154,646

Up $1,493,927 (+226%) from 2020

Expenses

Down

$450,527

Down $285,430 (-39%) from 2020

Net Income

Up

$1,704,119

Up $1,779,357 (+2365%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2021

Assets$11,008,810
Liabilities$27,227
Net Assets$10,981,583
Open 2021 Filing

Operations Trend

Revenue Growth95th 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

2021

Revenue$2,154,646
Expenses$450,527
Net Income$1,704,119
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 2, 2022
Return Version
2020v4.2
Gross Receipts
$5,288,581
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$6,518,464$7,450,207▲ $931,743
Investments Other Securities$1,967,279$2,833,606▲ $866,327
Cash and Non-Interest-Bearing Accounts$407,507$560,393▲ $152,886
Inventories for Sale or Use$6,260$6,260→ $0
Total Assets$9,043,797$11,008,810▲ $1,965,013
Other Assets Total$144,287$158,344▲ $14,057
Liabilities
Other Liabilities$25,100$25,100→ $0
Accounts Payable and Accrued Expenses$3,274$2,127▼ $1,147
Total Liabilities$28,374$27,227▼ $1,147
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,892,610$10,634,678▲ $1,742,068
Net Assets With Donor Restrictions$122,813$346,905▲ $224,092
Total Net Assets Fund Balance$9,015,423$10,981,583▲ $1,966,160
Total Liabilities and Net Assets / Fund Balance$9,043,797$11,008,810▲ $1,965,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,833,606--
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paul D FraimChairman & PresidentFT$140,000$140,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$323,298
Program Service Revenue
$0
Investment Income
$1,831,328
Other Revenue
$20
All Other Contributions
$274,618
Change in Net Assets
$1,704,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,128,361
Revenue Not Reported on Financial Statements
$26,285
Revenue Not Reported on Form 990
$262,041
Total Revenue per Audited Statements
$2,390,402
Total Revenue per Form 990
$2,154,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,068
Salaries, Compensation, and Employee Benefits$223,459
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$135,444$4,556-$140,000
Other Salaries and Wages-$68,000-$68,000
Fees for Service Investment Mgmnt Fees-$26,285-$26,285
Fees for Services Accounting-$25,941-$25,941
Payroll Taxes$10,048$5,411-$15,459
Insurance$6,891--$6,891
Other Expenses$15,146$6,345-$6,345
All Other Expenses$5,251--$5,251
Office Expenses-$876-$876
Total Functional Expenses$313,113$137,414$0$450,527

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$450,527
Expenses per Audited Statements$424,242
Total Expenses per Audited Statements$424,242
Expenses Not Reported on Financial Statements$26,285
Expenses Not Reported on Form 990$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 35% controlled entity
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
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. 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
2022-03-02
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 is an organization described in section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes except with respect to unrelated business income (ubit) dervied from its investments in pass-through entities. The foundation's tax returns are generally subject to examination by authorities for a period of three years from the date they are filed and, accordingly,returns for the years ended june 30, 2018 and later remain subject to examination.”

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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/NetGainOrLossInvestmentsGrp/ExclusionAmt01645660
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01645660
IRS990/NetUnrelatedBusTxblIncmAmt030504
IRS990/NetUnrlzdGainsLossesInvstAmt0262041
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08892610
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt010634678
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0876
IRS990/OfficeExpensesGrp/TotalAmt0876
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0144287
IRS990/OtherAssetsTotalGrp/EOYAmt0158344
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TECHNOLOGY INVESTMENTS
IRS990/OtherExpensesGrp/Desc1EXHIBIT AND EVENT SPONS
IRS990/OtherExpensesGrp/Desc2STRATEGIC PLAN
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06345
IRS990/OtherExpensesGrp/ProgramServicesAmt0115159
IRS990/OtherExpensesGrp/ProgramServicesAmt125174
IRS990/OtherExpensesGrp/ProgramServicesAmt215146
IRS990/OtherExpensesGrp/TotalAmt0115159
IRS990/OtherExpensesGrp/TotalAmt125174
IRS990/OtherExpensesGrp/TotalAmt215146
IRS990/OtherExpensesGrp/TotalAmt36345
IRS990/OtherLiabilitiesGrp/BOYAmt025100
IRS990/OtherLiabilitiesGrp/EOYAmt025100
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020
IRS990/OtherRevenueTotalAmt020
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068000
IRS990/OtherSalariesAndWagesGrp/TotalAmt068000
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05411
IRS990/PayrollTaxesGrp/ProgramServicesAmt010048
IRS990/PayrollTaxesGrp/TotalAmt015459
IRS990/PoliticalCampaignActyInd00
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/ExpenseAmt0115159
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/ExpenseAmt0172780
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0386610
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0195475
IRS990/PYOtherExpensesAmt0502340
IRS990/PYOtherRevenueAmt078634
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-75238
IRS990/PYSalariesCompEmpBnftPaidAmt0233617
IRS990/PYTotalExpensesAmt0735957
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0660719
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01704119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0323298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0386610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0456538
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0526252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0414813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02107511
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0185668
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0243404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0265379
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0239953
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0227376
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01161780
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt05379
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64140
IRS990ScheduleA/PublicSupportPY170Pct00.64990
IRS990ScheduleA/PublicSupportTotal170Amt02096897
IRS990ScheduleA/SubstantialContributorsTotAmt010614
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0323298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0386610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0456538
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0526252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0414813
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02107511
IRS990ScheduleA/TotalSupportAmt03269291
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026285
IRS990ScheduleD/ExpensesSubtotalAmt0424242
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt026285
IRS990ScheduleD/InvestmentExpensesNotIncldAmt026285
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0262041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SLOVER TENANT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02833606
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIMITED PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0262041
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt026285
IRS990ScheduleD/RevenueSubtotalAmt02128361
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES EXCEPT WITH RESPECT TO UNRELATED BUSINESS INCOME (UBIT) DERVIED FROM ITS INVESTMENTS IN PASS-THROUGH ENTITIES. THE FOUNDATION'S TAX RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED AND, ACCORDINGLY,RETURNS FOR THE YEARS ENDED JUNE 30, 2018 AND LATER REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02833606
IRS990ScheduleD/TotalExpensesPerForm990Amt0450527
IRS990ScheduleD/TotalLiabilityAmt025100
IRS990ScheduleD/TotalRevenuePerForm990Amt02154646
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02390402
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0424242
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JANE P. BATTEN AND FRANK BATTEN, JR. HAVE A FAMILY RELATIONSHIP. 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

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,008,810
Liabilities
$27,227
Net assets
$10,981,583
Revenue
$2,154,646
Expenses
$450,527
Net income
$1,704,119
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
Peer Organizations

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