Civic Intelligence

Freeport Community Foundation

990 • Fiscal year 2014 • EIN 30-0080762

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

524 W Stephenson StreetRoom/Suite 102Freeport, IL 61032

(815) 801-3035

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

58th percentile

5.5%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

43rd percentile

0.4%

Faster asset growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-51%

Faster revenue growth than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$4,093,854

Up $14,812 (+0.4%) from 2013

Net Assets

Down

$4,011,587

Down $3,230 (-0.1%) from 2013

Liabilities

Up

$82,267

Up $18,042 (+28%) from 2013

Revenue

Down

$199,986

Down $204,929 (-51%) from 2013

Expenses

Down

$188,965

Down $16,879 (-8.2%) from 2013

Net Income

Down

$11,021

Down $188,050 (-94%) from 2013

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,516,447Liabilities 2010: $9,006Net Assets 2010: $3,507,4412010Assets 2011: $3,304,872Liabilities 2011: $12,080Net Assets 2011: $3,292,7922011Assets 2012: $3,594,238Liabilities 2012: $39,448Net Assets 2012: $3,554,7902012Assets 2013: $4,079,042Liabilities 2013: $64,225Net Assets 2013: $4,014,8172013Assets 2014: $4,093,854Liabilities 2014: $82,267Net Assets 2014: $4,011,5872014Assets 2015: $3,865,003Liabilities 2015: $99,202Net Assets 2015: $3,765,8012015Assets 2016: $4,404,212Liabilities 2016: $125,486Net Assets 2016: $4,278,7262016Assets 2017: $4,943,816Liabilities 2017: $132,487Net Assets 2017: $4,811,3292017Assets 2018: $4,749,449Liabilities 2018: $164,135Net Assets 2018: $4,585,3142018Assets 2019: $5,379,092Liabilities 2019: $198,471Net Assets 2019: $5,180,6212019Assets 2020: $5,604,486Liabilities 2020: $222,112Net Assets 2020: $5,382,3742020Assets 2021: $6,123,484Liabilities 2021: $228,375Net Assets 2021: $5,895,1092021Assets 2022: $5,131,242Liabilities 2022: $205,943Net Assets 2022: $4,925,2992022Assets 2023: $5,520,488Liabilities 2023: $237,473Net Assets 2023: $5,283,0152023Assets 2024: $5,790,135Liabilities 2024: $53,489Net Assets 2024: $5,736,6462024

Highlighted filing

2014

Assets$4,093,854
Liabilities$82,267
Net Assets$4,011,587

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $135,8242010Expenses 2011: $183,5362011Expenses 2012: $187,5692012Revenue 2013: $404,915Expenses 2013: $205,844Net Income 2013: $199,0712013Revenue 2014: $199,986Expenses 2014: $188,965Net Income 2014: $11,0212014Revenue 2015: $128,174Expenses 2015: $181,937Net Income 2015: -$53,7632015Revenue 2016: $464,533Expenses 2016: $191,755Net Income 2016: $272,7782016Revenue 2017: $510,128Expenses 2017: $247,719Net Income 2017: $262,4092017Revenue 2018: $735,710Expenses 2018: $311,931Net Income 2018: $423,7792018Revenue 2019: $272,224Expenses 2019: $338,676Net Income 2019: -$66,4522019Revenue 2020: $649,371Expenses 2020: $617,534Net Income 2020: $31,8372020Revenue 2021: $1,390,452Expenses 2021: $376,257Net Income 2021: $1,014,1952021Revenue 2022: $297,028Expenses 2022: $437,486Net Income 2022: -$140,4582022Revenue 2023: $349,055Expenses 2023: $492,147Net Income 2023: -$143,0922023Revenue 2024: $591,681Expenses 2024: $467,244Net Income 2024: $124,4372024

Highlighted filing

2014

Revenue$199,986
Expenses$188,965
Net Income$11,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$641,504
Mission and Program Overview

Mission

To help provide for the well-being of the citizens of northwest illinois by accumulating assets in the form of permanent endowment funds & prudently distributing income from those funds to charitable organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,069,182$4,084,100▲ $14,918
Cash and Non-Interest-Bearing Accounts$8,397$8,817▲ $420
Land, Buildings, and Equipment, Net$1,463$937▼ $526
Total Assets$4,079,042$4,093,854▲ $14,812
Liabilities
Escrow Account Liability$64,225$82,267▲ $18,042
Total Liabilities$64,225$82,267▲ $18,042
Net Assets / Fund Balance
Unrestricted Net Assets$3,942,327$3,935,186▼ $7,141
Permanently Rstr Net Assets$44,738$50,068▲ $5,330
Temporarily Rstr Net Assets$27,752$26,333▼ $1,419
Total Net Assets Fund Balance$4,014,817$4,011,587▼ $3,230
Total Liabilities and Net Assets / Fund Balance$4,079,042$4,093,854▲ $14,812

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$5,338$5,338
Equipment$937$2,981$3,918

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014-$5,330▲ $789-$58,661
2013-$7,768▲ $6,571-$53,635
2012-$36,113▲ $3,683-$39,796
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$29,103
Program Service Revenue
$0
Investment Income
$170,883
Other Revenue
$0
All Other Contributions
$29,103
Change in Net Assets
$11,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$199,986
Revenue Not Reported on Form 990
$-14,251
Total Revenue per Audited Statements
$185,735
Total Revenue per Form 990
$199,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$90,609
Other Expenses$50,024
Salaries, Compensation, and Employee Benefits$48,332
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$90,609--$90,609
Other Salaries and Wages-$44,752-$44,752
Fees for Service Investment Mgmnt Fees-$19,776-$19,776
Fees for Services Accounting-$9,055-$9,055
Office Expenses-$3,940-$3,940
Payroll Taxes-$3,580-$3,580
Conferences and Meetings-$2,437-$2,437
Occupancy-$2,400-$2,400
Insurance-$2,247-$2,247
Fees for Services Legal-$1,500-$1,500
Other Expenses-$1,250-$1,250
Travel-$785-$785
Depreciation Depletion-$526-$526
Advertising-$75-$75
Total Functional Expenses$90,609$98,356$0$188,965

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$188,965
Total Expenses per Audited Statements$188,965
Total Expenses per Form 990$188,965
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Horizons Counseling CenterFreeport, IL--$13,400
Boys & Girls Club of FreeportFreeport, IL--$11,656
Northern Illinois Food BankGeneva, IL--$9,650
Malcolm Eaton EnterprisesFreeport, IL--$5,982
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by officer who signs the return.

Form 990, Page 6, Part VI, Line 12C

Each board member signs a conflict of interest statement (they are also given a copy of it) indicating any potential conflicts. All committee members sign a conflict of interest statement as well. The executive director reviews the statements prior to the grant award cycle and scholarship approval process. During the grant award cycles and the scholarship approval process, the executive director ask members to recuse themselves from voting if they have a conflict.

Form 990, Page 6, Part VI, Line 19

The foundation follows the rules and regulations of the irs regarding public availability of form 990 as well as any other required documents. The form 990 is available upon request either by downloading from the foundation's website or having it mailed or examining it in the foundation's office. The foundation also has available upon request financial information such as performance history, list of investment managers, audit fees, and the body responsible for investment and oversight.

Filing and Contact Details

Filer

Filer Name
Freeport Community Foundation
EIN
30-0080762
Address
524 W STEPHENSON STREET, ROOM/SUITE 102, FREEPORT, IL 61032

Signing Officer

Name
Daniel Schmitt
Title
Executive Director
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Schmitt
Formed
2002
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Firm
Benning Group LLC
Address
50 W DOUGLAS ST STE 801, FREEPORT, IL 61032-4141
Preparer
Jenny L Blocker
Phone
8152353157
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

The foundation acts as an agent for 4 funds in which distributions benefit the donor organization. These funds are recorded as liabilities. All contributions received, investment income fees, realized & unrealized gains are losses are netted together and reported as additions to the liability account. Distributions are recorded as reductions of the liability.

Schedule D, Page 2, Part IV, Line 2B

The foundation acts as an agent for 4 funds in which distributions benefit the donor organization. These funds are recorded as liabilities. All contributions recieved, investment income & fees, realized & unrealized gains are losses are netted together and reported as additions to the liability account. Distributions are recorded as reductions of the liability.

Schedule D, Page 2, Part V, Line 4

The endowment funds are to provide grants and/or scholarships from the earnings on the endowment funds.

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IRS990/OtherExpensesGrp/TotalAmt21250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044752
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IRS990/PrincipalOfficerNm0DANIEL SCHMITT
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0CRITERIA FOR DETERMINING WHETHER FREEPORT COMMUNITY FOUNDATION IS PUBLICLY SUPPORTED UNDER THE FACTS AND CIRCUMSTANCES TEST: FREEPORT COMMUNITY FOUNDATION WAS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF ILLINOIS. THE FOUNDATION'S YEAR OF FORMATION WAS 2002. THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE IRS GRANTING THE FOUNDATION 501(C)(3) STATUS. THE FOUNATION'S PRIMARY PURPOSE IS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZNS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS AND PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS. GRANTS ARE MADE TO 501(C)(3) NON-PROFIT ORGANIZATIONS, GOVERNMENTAL UNITS, AND EDUCATIONAL INSTITUTIONS FOR CHARITABLE PURPOSES. THE FOUNDATION ESTABLISHED GRANT-MAKING DUE DILIGENCE POLICIES AND PROCEDURES IN 2008, WITH GRANT-MAKING PRINCIPLES AND PROCEDURES THAT REQUIRE THE FULL BOARD OF DIRECTORS TO GIVE FINAL APPROVAL FOR GRANT AWARDS. THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF VOLUNTEERS FROM THE COMMUNITY. BOARD MEMBERS ARE A DIVERSE GROUP OF INDIVIDUALS WHO ARE INTERESTED IN SUPPORTING THE AREA'S CHARITABLE ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0CRITERIA FOR DETERMINING WHETHER FREEPORT COMMUNITY FOUNDATION IS PUBLICLY SUPPORTED UNDER THE FACTS AND CIRCUMSTANCES TEST: FREEPORT COMMUNITY FOUNDATION WAS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF ILLINOIS. THE FOUNDATION'S YEAR OF FORMATION WAS 2002. THE FOUNDATION RECEIVED A DETERMINATION LETTER FROM THE IRS GRANTING THE FOUNDATION 501(C)(3) STATUS. THE FOUNATION'S PRIMARY PURPOSE IS TO HELP PROVIDE FOR THE WELL-BEING OF THE CITIZNS OF NORTHWEST ILLINOIS BY ACCUMULATING ASSETS IN THE FORM OF PERMANENT ENDOWMENT FUNDS AND PRUDENTLY DISTRIBUTING INCOME FROM THOSE FUNDS TO CHARITABLE ORGANIZATIONS. GRANTS ARE MADE TO 501(C)(3) NON-PROFIT ORGANIZATIONS, GOVERNMENTAL UNITS, AND EDUCATIONAL INSTITUTIONS FOR CHARITABLE PURPOSES. THE FOUNDATION ESTABLISHED GRANT-MAKING DUE DILIGENCE POLICIES AND PROCEDURES IN 2008, WITH GRANT-MAKING PRINCIPLES AND PROCEDURES THAT REQUIRE THE FULL BOARD OF DIRECTORS TO GIVE FINAL APPROVAL FOR GRANT AWARDS. THE FOUNDATION BOARD OF DIRECTORS CONSISTS OF VOLUNTEERS FROM THE COMMUNITY. BOARD MEMBERS ARE A DIVERSE GROUP OF INDIVIDUALS WHO ARE INTERESTED IN SUPPORTING THE AREA'S CHARITABLE ORGANIZATIONS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 17A
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0148849
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0125539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0104735
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0109909
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt095637
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IRS990ScheduleA/PublicSupportCY170Pct00.20920
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IRS990ScheduleA/PublicSupportTotal170Amt0148849
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt022945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035155
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0148849
IRS990ScheduleA/TotalSupportAmt0711624
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt01093
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0789
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt07768
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt053635
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06571
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt036113
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IRS990ScheduleD/DonorAdvisedFundsGrantsAmt01093
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0937
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02981
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05338
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05338
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-14251
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.85350
IRS990ScheduleD/RevenueNotReportedAmt0-14251
IRS990ScheduleD/RevenueSubtotalAmt0199986
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECEIVED, INVESTMENT INCOME FEES, REALIZED & UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION ACTS AS AN AGENT FOR 4 FUNDS IN WHICH DISTRIBUTIONS BENEFIT THE DONOR ORGANIZATION. THESE FUNDS ARE RECORDED AS LIABILITIES. ALL CONTRIBUTIONS RECIEVED, INVESTMENT INCOME & FEES, REALIZED & UNREALIZED GAINS ARE LOSSES ARE NETTED TOGETHER AND REPORTED AS ADDITIONS TO THE LIABILITY ACCOUNT. DISTRIBUTIONS ARE RECORDED AS REDUCTIONS OF THE LIABILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ENDOWMENT FUNDS ARE TO PROVIDE GRANTS AND/OR SCHOLARSHIPS FROM THE EARNINGS ON THE ENDOWMENT FUNDS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 2, PART V, LINE 4
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0937
IRS990ScheduleD/TotalExpensesPerForm990Amt0188965
IRS990ScheduleD/TotalRevenuePerForm990Amt0199986
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0185735
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0188965
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt011656
IRS990ScheduleI/RecipientTable/CashGrantAmt15982
IRS990ScheduleI/RecipientTable/CashGrantAmt213400
IRS990ScheduleI/RecipientTable/CashGrantAmt39650
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOYS & GIRLS CLUB OF FREEPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MALCOLM EATON ENTERPRISES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2NEW HORIZONS COUNSELING CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3NORTHERN ILLINOIS FOOD BANK
IRS990ScheduleI/RecipientTable/RecipientEIN0352313105
IRS990ScheduleI/RecipientTable/RecipientEIN1362606239
IRS990ScheduleI/RecipientTable/RecipientEIN2362183811
IRS990ScheduleI/RecipientTable/RecipientEIN3363203648
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0511 S LIBERTY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1570 W LAMM ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt234 N WHISTLER AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3273 DEARBORN CT
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FREEPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FREEPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm2FREEPORT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3GENEVA
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3IL
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY OFFICER WHO SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT (THEY ARE ALSO GIVEN A COPY OF IT) INDICATING ANY POTENTIAL CONFLICTS. ALL COMMITTEE MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT AS WELL. THE EXECUTIVE DIRECTOR REVIEWS THE STATEMENTS PRIOR TO THE GRANT AWARD CYCLE AND SCHOLARSHIP APPROVAL PROCESS. DURING THE GRANT AWARD CYCLES AND THE SCHOLARSHIP APPROVAL PROCESS, THE EXECUTIVE DIRECTOR ASK MEMBERS TO RECUSE THEMSELVES FROM VOTING IF THEY HAVE A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION FOLLOWS THE RULES AND REGULATIONS OF THE IRS REGARDING PUBLIC AVAILABILITY OF FORM 990 AS WELL AS ANY OTHER REQUIRED DOCUMENTS. THE FORM 990 IS AVAILABLE UPON REQUEST EITHER BY DOWNLOADING FROM THE FOUNDATION'S WEBSITE OR HAVING IT MAILED OR EXAMINING IT IN THE FOUNDATION'S OFFICE. THE FOUNDATION ALSO HAS AVAILABLE UPON REQUEST FINANCIAL INFORMATION SUCH AS PERFORMANCE HISTORY, LIST OF INVESTMENT MANAGERS, AUDIT FEES, AND THE BODY RESPONSIBLE FOR INVESTMENT AND OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt026333
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IRS990/TotalAssetsBOYAmt04079042
IRS990/TotalAssetsEOYAmt04093854

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.79$0.05$5.74$0.59$0.47$0.12
2023Detailed filing. Detailed filing data is available for this year.$5.52$0.24$5.28$0.35$0.49$0.14
2022Detailed filing. Detailed filing data is available for this year.$5.13$0.21$4.93$0.30$0.44$0.14
2021Detailed filing. Detailed filing data is available for this year.$6.12$0.23$5.90$1.39$0.38$1.01
2020Detailed filing. Detailed filing data is available for this year.$5.60$0.22$5.38$0.65$0.62$0.03
2019Detailed filing. Detailed filing data is available for this year.$5.38$0.20$5.18$0.27$0.34$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.75$0.16$4.59$0.74$0.31$0.42
2017Detailed filing. Detailed filing data is available for this year.$4.94$0.13$4.81$0.51$0.25$0.26
2016Detailed filing. Detailed filing data is available for this year.$4.40$0.13$4.28$0.46$0.19$0.27
2015Detailed filing. Detailed filing data is available for this year.$3.87$0.10$3.77$0.13$0.18$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.09$0.08$4.01$0.20$0.19$0.01
2013Detailed filing. Detailed filing data is available for this year.$4.08$0.06$4.01$0.40$0.21$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$0.04$3.55$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.01$3.29$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.01$3.51$0.14