Civic Intelligence

Circle Foundation

990 • Fiscal year 2019 • EIN 26-4526707

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 14, 2020

Organization ProfileWWW.CIRCLEFOUND.ORG
17 N State Street No 3rd FLChicago, IL 60602

(312) 999-9360

Siviq Scores

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

Liabilities / Assets

96th percentile

1.41x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.20x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

37th percentile

-0.6%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

91st percentile

$225,629

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

21st percentile

-4.6%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$615,399

Down $29,536 (-4.6%) from 2018

Net Assets

Down

-$253,017

Down $26,111 (-12%) from 2018

Liabilities

Down

$868,416

Down $3,425 (-0.4%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin37th percentile

Revenue

Up

$4,244,699

Up $80,185 (+1.9%) from 2018

Expenses

Up

$4,271,362

Up $4,002 (+0.1%) from 2018

Net Income

Up

-$26,663

Up $76,183 (+74%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$10M$5.0M$0-$5.0MAssets 2012: $878,339Liabilities 2012: $936,299Net Assets 2012: -$57,9602012Assets 2013: $659,247Liabilities 2013: $885,895Net Assets 2013: -$226,6482013Assets 2014: $568,278Liabilities 2014: $650,991Net Assets 2014: -$82,7132014Assets 2015: $449,059Liabilities 2015: $497,461Net Assets 2015: -$48,4022015Assets 2016: $357,076Liabilities 2016: $502,958Net Assets 2016: -$145,8822016Assets 2017: $580,041Liabilities 2017: $704,819Net Assets 2017: -$124,7782017Assets 2018: $644,935Liabilities 2018: $871,841Net Assets 2018: -$226,9062018Assets 2019: $615,399Liabilities 2019: $868,416Net Assets 2019: -$253,0172019Assets 2020: $732,516Liabilities 2020: $981,177Net Assets 2020: -$248,6612020Assets 2021: $753,922Liabilities 2021: $302,442Net Assets 2021: $451,4802021Assets 2022: $2,420,640Liabilities 2022: $770,249Net Assets 2022: $1,650,3912022Assets 2023: $7,909,837Liabilities 2023: $6,632,485Net Assets 2023: $1,277,3522023Assets 2024: $7,814,595Liabilities 2024: $6,346,584Net Assets 2024: $1,468,0112024

Highlighted filing

2019

Assets$615,399
Liabilities$868,416
Net Assets-$253,017
Open 2019 Filing

Operations Trend

Revenue Growth44th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $2,469,8452012Expenses 2013: $2,736,1092013Revenue 2014: $3,093,887Expenses 2014: $2,949,952Net Income 2014: $143,9352014Revenue 2015: $3,419,190Expenses 2015: $3,384,879Net Income 2015: $34,3112015Revenue 2016: $3,704,621Expenses 2016: $3,802,101Net Income 2016: -$97,4802016Revenue 2017: $4,068,107Expenses 2017: $4,047,782Net Income 2017: $20,3252017Revenue 2018: $4,164,514Expenses 2018: $4,267,360Net Income 2018: -$102,8462018Revenue 2019: $4,244,699Expenses 2019: $4,271,362Net Income 2019: -$26,6632019Revenue 2020: $4,640,080Expenses 2020: $4,636,129Net Income 2020: $3,9512020Revenue 2021: $5,499,132Expenses 2021: $4,802,078Net Income 2021: $697,0542021Revenue 2022: $7,510,733Expenses 2022: $6,310,485Net Income 2022: $1,200,2482022Revenue 2023: $6,043,784Expenses 2023: $6,418,586Net Income 2023: -$374,8022023Revenue 2024: $7,299,890Expenses 2024: $7,111,948Net Income 2024: $187,9422024

Highlighted filing

2019

Revenue$4,244,699
Expenses$4,271,362
Net Income-$26,663
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 14, 2020
Return Version
2018v3.1
Gross Receipts
$4,299,866
Mission and Program Overview

Mission

Circle foundation is an institution that facilitates innovative educational experiences, inspirational leadership development, insightful guidance opportunities, and dutiful support service programming. The foundation is a non-discriminatory, non-sectarian and non-political organization that focuses on preserving and encouraging the heights of human potential, in order to contribute to the advancement of individual, group, and societal progress.

To establish an institution that innovatively inspires, motivates and empowers people to develop and realize their highest aspirations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$390,542$392,615▲ $2,073
Prepaid Expenses and Deferred Charges$102,339$103,448▲ $1,109
Land, Buildings, and Equipment, Net$121,301$92,593▼ $28,708
Cash and Non-Interest-Bearing Accounts$15,393$10,695▼ $4,698
Investments in Publicly Traded Securities$6,697$7,385▲ $688
Total Assets$644,935$615,399▼ $29,536
Other Assets Total$8,663$8,663→ $0
Liabilities
Other Liabilities$470,196$390,112▼ $80,084
Unsecured Notes Loans Payable$300,000$300,000→ $0
Accounts Payable and Accrued Expenses$101,645$178,304▲ $76,659
Total Liabilities$871,841$868,416▼ $3,425
Net Assets / Fund Balance
Temporarily Rstr Net Assets$46,237$47,037▲ $800
Unrestricted Net Assets$-273,143$-300,054▼ $26,911
Total Net Assets Fund Balance$-226,906$-253,017▼ $26,111
Total Liabilities and Net Assets / Fund Balance$644,935$615,399▼ $29,536

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$86,909$488,739$575,648
Equipment$5,684$215,180$220,864
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lashaun JacksonChairman / CEOFT$204,166$21,463$225,629
Omar MooreCo-chairman / COOFT$181,557$24,462$206,019
Oscar ArguetaComptrollerFT$111,001$13,474$124,475
Melissa Fleming CotirlaPrincipalFT$105,788$13,730$119,518

Board Members and Trustees

NameTitle
Andricus HutchersonMember
Jean Claude AurelMember
Kiela WilsonMember
Tasha YoungMember
Tim LeeSecretary
Paul SakolTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,248,167
Program Service Revenue
$37,101
Investment Income
$253
Other Revenue
$-40,822
All Other Contributions
$4,133,045
Change in Net Assets
$-26,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,299,866
Revenue Not Reported on Financial Statements
$-55,167
Revenue Not Reported on Form 990
$552
Other Revenue Adjustments
$-55,167
Total Revenue per Audited Statements
$4,300,418
Total Revenue per Form 990
$4,244,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,479,153
Other Expenses$1,792,209
Total Fundraising Expense$71
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,246,631$422,236-$1,668,867
Occupancy$901,537$768-$902,305
Current Officers, Directors, Trustees, and Key Employees$433,734--$433,734
Fees for Services Other$338,476--$338,476
Other Employee Benefits$157,606$8,547-$166,153
Office Expenses$132,059$12,785$71$144,915
Pension Plan Contributions$117,310$4,924-$122,234
Payroll Taxes$60,754$27,411-$88,165
Depreciation Depletion$35,508--$35,508
Insurance$23,793$3,929-$27,722
Travel$27,170$180-$27,350
Advertising$17,837--$17,837
Fees for Services Accounting-$17,500-$17,500
Interest-$13,572-$13,572
Fees for Services Legal-$12,857-$12,857
Other Expenses$57,003$1,935-$1,935
Total Functional Expenses$3,732,658$538,633$71$4,271,362

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,326,529
Expenses per Audited Statements$4,271,362
Total Expenses per Form 990$4,271,362
Expenses Not Reported on Form 990$55,167
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,792
Fundraising Gross Income$8,680
Gaming Gross Income$2,801
Gaming Direct Expenses$1,375
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$16,695$8,680$19,377$-10,697
Total Events$16,695$8,680$53,792$-45,112
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$229,807
Contract Advances$160,305
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

“The foundation's cpa firm assists in the preparation of form 990. A draft copy is reviewed by the finance committee and approved by the board of directors. A final copy of form 990 is provided to all board members prior to filing.”

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

“All employees of the foundation are given an employee handbook each year which discusses various policies, including conflict of interest. Management deals with any issues on a case by case basis as they arise. Board members also disclose annually interests that could give rise to conflicts. The foundation regularly and consistently monitors and enforces compliance with its conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The board of directors annually review compensation levels for all employees, including comparing to comparable positions at other organizations.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Circle Foundation
EIN
26-4526707
Phone
3129999360
Address
17 N STATE STREET NO 3RD FL, CHICAGO, IL 60602

Signing Officer

Name
Lashaun Jackson
Title
Chief Executive Officer
Phone
3129999360
Signed
2020-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lashaun Jackson
Formed
2009
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
6
Employees
43
Volunteers
0

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N CITYFRONT PLAZA DR SUITE 1500, CHICAGO, IL 60611
Preparer
Adam Levine
Phone
3126707444
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. In addition, the internal revenue service (irs) has determined that the foundation is not a private foundation within the meaning of section 509(a) of the code. The foundation has adopted the requirements for accounting for uncertain tax positions and management has determined that the foundation was not required to record a liability related to uncertain tax positions as of june 30, 2019 and 2018.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expenses -55,167.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 55,167.”

Raw XML AppendixShowing 400 of 560 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/MissionDesc0CIRCLE FOUNDATION IS AN INSTITUTION THAT FACILITATES INNOVATIVE EDUCATIONAL EXPERIENCES, INSPIRATIONAL LEADERSHIP DEVELOPMENT, INSIGHTFUL GUIDANCE OPPORTUNITIES, AND DUTIFUL SUPPORT SERVICE PROGRAMMING. THE FOUNDATION IS A NON-DISCRIMINATORY, NON-SECTARIAN AND NON-POLITICAL ORGANIZATION THAT FOCUSES ON PRESERVING AND ENCOURAGING THE HEIGHTS OF HUMAN POTENTIAL, IN ORDER TO CONTRIBUTE TO THE ADVANCEMENT OF INDIVIDUAL, GROUP, AND SOCIETAL PROGRESS.
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-45112
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-45112
IRS990/NetIncomeFromGamingGrp/ExclusionAmt01426
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt01426
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0552
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0768
IRS990/OccupancyGrp/ProgramServicesAmt0901537
IRS990/OccupancyGrp/TotalAmt0902305
IRS990/OfficeExpensesGrp/FundraisingAmt071
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012785
IRS990/OfficeExpensesGrp/ProgramServicesAmt0132059
IRS990/OfficeExpensesGrp/TotalAmt0144915
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08663
IRS990/OtherAssetsTotalGrp/EOYAmt08663
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08547
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0157606
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0166153
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2UBIT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09263
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21935
IRS990/OtherExpensesGrp/ProgramServicesAmt0183240
IRS990/OtherExpensesGrp/ProgramServicesAmt157003
IRS990/OtherExpensesGrp/TotalAmt0192503
IRS990/OtherExpensesGrp/TotalAmt159729
IRS990/OtherExpensesGrp/TotalAmt21935
IRS990/OtherLiabilitiesGrp/BOYAmt0470196
IRS990/OtherLiabilitiesGrp/EOYAmt0390112
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02864
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02864
IRS990/OtherRevenueTotalAmt02864
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0422236
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01246631
IRS990/OtherSalariesAndWagesGrp/TotalAmt01668867
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027411
IRS990/PayrollTaxesGrp/ProgramServicesAmt060754
IRS990/PayrollTaxesGrp/TotalAmt088165
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04924
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0117310
IRS990/PensionPlanContributionsGrp/TotalAmt0122234
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0390542
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0392615
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0102339
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0103448
IRS990/PrincipalOfficerNm0LASHAUN JACKSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037101
IRS990/ProgSrvcAccomActy2Grp/Desc0YS3 (DCFS) MENTORING PROGRAM PROVIDES EDUCATIONAL, SOCIAL AND WORK RELATED SERVICES, IN ORDER TO PROVIDE THE NECESSARY SOCIAL AND EDUCATIONAL SKILLS THAT AT-RISK YOUTH NEED TO EARN A HIGH SCHOOL DIPLOMA AND TRANSITION TO EMPLOYMENT, COLLEGE OR VOCATIONAL TRAINING PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0175827
IRS990/ProgSrvcAccomActy3Grp/Desc0YES (CYS) PROGRAM IS A SCHOOL-BASED PROGRAM THAT OFFERS A VARIETY OF SUPPORTIVE MENTORING SERVICES. EACH PARTICIPANT RECEIVES A FULL-TIME MENTOR WHO PROVIDES DAILY SERVICES IN A HOLISTIC APPROACH TO SUPPORT YOUTH IN ATTENDING SCHOOL REGULARLY, BUILDING SOCIAL AND ACADEMIC SKILLS AND TRANSITIONING SUCCESSFULLY, POST-GRADUATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt098939
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES CONSISTED OF AN ARTS PROGRAM ($1,026), MAYORAL YOUTH MENTORING INITIATIVE ($64,801), AND OTHER MISCELLANEOUS PROGRAMS ($288).
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt085175
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04105024
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0211
IRS990/PYOtherExpensesAmt01772891
IRS990/PYOtherRevenueAmt010163
IRS990/PYProgramServiceRevenueAmt049116
IRS990/PYRevenuesLessExpensesAmt0-102846
IRS990/PYSalariesCompEmpBnftPaidAmt02494469
IRS990/PYTotalExpensesAmt04267360
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04164514
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-26663
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt037101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04248167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04105024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04045742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03679819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03379299
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt019458051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0253
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0656
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0156948
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02864
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt038863
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03606
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01508
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04013
IRS990ScheduleA/OtherIncome170Grp/TotalAmt050854
IRS990ScheduleA/PublicSupportCY170Pct00.99740
IRS990ScheduleA/PublicSupportPY170Pct00.99640
IRS990ScheduleA/PublicSupportTotal170Amt019458051
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04248167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04105024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04045742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03679819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03379299
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019458051
IRS990ScheduleA/TotalSupportAmt019509561
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/EquipmentGrp/BookValueAmt05684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0215180
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0220864
IRS990ScheduleD/ExpensesNotReportedAmt055167
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04271362
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt086909
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0488739
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0575648
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0552
IRS990ScheduleD/OtherExpensesIncludedAmt055167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1229807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRACT ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-55167
IRS990ScheduleD/RevenueNotReportedAmt0552
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-55167
IRS990ScheduleD/RevenueSubtotalAmt04299866
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE FOUNDATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE FOUNDATION WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT EXPENSES -55,167.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES 55,167.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt092593
IRS990ScheduleD/TotalExpensesPerForm990Amt04271362
IRS990ScheduleD/TotalLiabilityAmt0390112
IRS990ScheduleD/TotalRevenuePerForm990Amt04244699
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04300418
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04326529
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THE POLICY CAN BE OBTAINED UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION RECEIVED STATE GOVERNMENTAL FUNDS TO ASSIST IN THE FOUNDATION'S EFFORT TO FURTHER ITS MISSION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08015
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08015
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt053792
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt016465
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt016465
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$615,399
Liabilities
$868,416
Net assets
-$253,017
Revenue
$4,244,699
Expenses
$4,271,362
Net income
-$26,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.81$6.35$1.47$7.30$7.11$0.19
2023Detailed filing. Detailed filing data is available for this year.$7.91$6.63$1.28$6.04$6.42$0.37
2022Detailed filing. Detailed filing data is available for this year.$2.42$0.77$1.65$7.51$6.31$1.20
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.30$0.45$5.50$4.80$0.70
2020Detailed filing. Detailed filing data is available for this year.$0.73$0.98$0.25$4.64$4.64$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.87$0.25$4.24$4.27$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.87$0.23$4.16$4.27$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.70$0.12$4.07$4.05$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.50$0.15$3.70$3.80$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.50$0.05$3.42$3.38$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.65$0.08$3.09$2.95$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.89$0.23$2.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.94$0.06$2.47