Civic Intelligence

Golda Och Academy Foundation Inc.

990 • Fiscal year 2018 • EIN 31-1480523

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 06, 2018

Organization ProfileN/A
1418 Pleasant Valley WayWest Orange, NJ 07052

(973) 602-3600

Siviq Scores

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

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

58th percentile

0.60x

Higher debt load relative to revenue than 58% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$267,949

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2018 filings • NTEE B • $25M-$50M nonprofits • Source year 2018

Asset Growth

38th percentile

0.1%

Faster asset growth than 38% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$46,866,371

Up $42,460 (+0.1%) from 2017

Net Assets

Down

$45,195,565

Down $33,005 (-0.1%) from 2017

Liabilities

Up

$1,670,806

Up $75,465 (+4.7%) from 2017

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin10th percentile

Revenue

Down

$2,794,873

Down $601,071 (-18%) from 2017

Expenses

Up

$3,404,049

Up $828,054 (+32%) from 2017

Net Income

Down

-$609,176

Down $1,429,125 (-174%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$80M$60M$40M$20M$0Assets 2010: $9,275,993Liabilities 2010: $807,333Net Assets 2010: $8,468,6602010Assets 2012: $42,359,074Liabilities 2012: $1,429,996Net Assets 2012: $40,929,0782012Assets 2013: $44,670,325Liabilities 2013: $1,582,613Net Assets 2013: $43,087,7122013Assets 2014: $48,766,481Liabilities 2014: $2,263,988Net Assets 2014: $46,502,4932014Assets 2015: $47,411,841Liabilities 2015: $2,315,483Net Assets 2015: $45,096,3582015Assets 2016: $44,039,455Liabilities 2016: $1,998,577Net Assets 2016: $42,040,8782016Assets 2017: $46,823,911Liabilities 2017: $1,595,341Net Assets 2017: $45,228,5702017Assets 2018: $46,866,371Liabilities 2018: $1,670,806Net Assets 2018: $45,195,5652018Assets 2019: $46,283,637Liabilities 2019: $1,940,124Net Assets 2019: $44,343,5132019Assets 2020: $44,094,738Liabilities 2020: $1,648,133Net Assets 2020: $42,446,6052020Assets 2021: $62,398,922Liabilities 2021: $2,679,383Net Assets 2021: $59,719,5392021Assets 2022: $52,993,293Liabilities 2022: $3,182,707Net Assets 2022: $49,810,5862022Assets 2023: $49,475,484Liabilities 2023: $1,865,037Net Assets 2023: $47,610,4472023Assets 2024: $45,433,565Liabilities 2024: $929,436Net Assets 2024: $44,504,1292024

Highlighted filing

2018

Assets$46,866,371
Liabilities$1,670,806
Net Assets$45,195,565
Open 2018 Filing

Operations Trend

Revenue Growth16th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $335,7292010Expenses 2012: $1,901,9362012Expenses 2013: $4,203,7012013Revenue 2014: $4,739,123Expenses 2014: $5,055,074Net Income 2014: -$315,9512014Revenue 2015: $3,865,934Expenses 2015: $3,538,999Net Income 2015: $326,9352015Revenue 2016: $2,608,481Expenses 2016: $2,716,698Net Income 2016: -$108,2172016Revenue 2017: $3,395,944Expenses 2017: $2,575,995Net Income 2017: $819,9492017Revenue 2018: $2,794,873Expenses 2018: $3,404,049Net Income 2018: -$609,1762018Revenue 2019: $2,246,452Expenses 2019: $2,987,308Net Income 2019: -$740,8562019Revenue 2020: $2,918,933Expenses 2020: $3,084,238Net Income 2020: -$165,3052020Revenue 2021: $11,576,864Expenses 2021: $2,640,962Net Income 2021: $8,935,9022021Revenue 2022: $5,313,497Expenses 2022: $6,076,666Net Income 2022: -$763,1692022Revenue 2023: $2,111,802Expenses 2023: $6,068,142Net Income 2023: -$3,956,3402023Revenue 2024: $3,554,552Expenses 2024: $7,896,449Net Income 2024: -$4,341,8972024

Highlighted filing

2018

Revenue$2,794,873
Expenses$3,404,049
Net Income-$609,176
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$4,392,731
Mission and Program Overview

Mission

TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF GOLDA OCH ACADEMY, A RELATED INTERNAL REVENUE CODE 501(c)(3) TAX-EXEMPT ORGANIZATION

To support the charitable purposes, programs and services of golda och academy, a related internal revenue code 501(c)(3) tax-exempt organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$46,336,335$46,527,003▲ $190,668
Pledges and Grants Receivable$247,247$89,505▼ $157,742
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$46,823,911$46,866,371▲ $42,460
Other Assets Total$240,329$249,863▲ $9,534
Liabilities
Other Liabilities$1,595,341$1,670,806▲ $75,465
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,595,341$1,670,806▲ $75,465
Net Assets / Fund Balance
Temporarily Rstr Net Assets$43,323,647$43,290,642▼ $33,005
Permanently Rstr Net Assets$1,904,923$1,904,923→ $0
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$45,228,570$45,195,565▼ $33,005
Total Liabilities and Net Assets / Fund Balance$46,823,911$46,866,371▲ $42,460

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$35,197,693--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$45,228,570$148,764▲ $3,304,296-$45,195,565
2016$42,040,878$104,494▲ $5,659,193-$45,228,570
2015$45,096,358$-20,554▼ $476,867-$42,040,878
2014$46,497,377$1,049,272▲ $948,403-$45,096,358
2013$41,931,551$2,412,345▲ $5,628,849-$46,497,377
Compensation and Service Providers
Top Officer Pay64th percentile

Board Members and Trustees

NameTitle
Sam PearlsteinChair
Atara JacobsonTrustee
Gary BalterTrustee
Jeff LandauTrustee
Judy RosenbergTrustee
Keith BiebelbergTrustee
Larry RothenbergTrustee
Marc KramerTrustee
Mark WilfTrustee
Julia MalagaCFO
Adam ShapiroHead of School
Revenue and Support

Revenue Composition

Contributions and Grants
$153,991
Program Service Revenue
$0
Investment Income
$2,640,882
Other Revenue
$0
All Other Contributions
$153,991
Change in Net Assets
$-609,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,712,857
Revenue Not Reported on Financial Statements
$82,016
Revenue Not Reported on Form 990
$658,187
Total Revenue per Audited Statements
$3,371,044
Total Revenue per Form 990
$2,794,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,397,497
Other Expenses$6,552
Total Fundraising Expense$6,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,397,497--$3,397,497
Other Expenses--$6,000$6,000
Fees for Services Legal-$552-$552
Total Functional Expenses$3,397,497$552$6,000$3,404,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,404,049
Total Expenses per Audited Statements$3,404,049
Total Expenses per Form 990$3,404,049
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Golda Och AcademyWest Orange, NJ501(c)3Program and Technology$3,397,497
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$1,670,806
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
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 B, 12C

“The Board of Trustees distributes a conflict of interest policy statement to each board member at the first meeting of each fiscal year. This policy requires certain disclosures of conflicts and a signature of acceptance by the trustee. The signed policy statements are reviewed and retained by the school's CFO.”

FORM 990 PART VI,Section C, 19

“Golda Och Academy Foundation makes available its latest 990 to anyone who requests it. Typically, requests are directed to www.guidestar.com, on which our entire financial disclosure can be found. Our audited financial statements are also available upon request.”

Form 990 Part VI, Section B, 11

“The audit committee will review and approve the 990. The board will receive a copy of the final 990.”

Filing and Contact Details

Filer

Filer Name
Golda Och Academy Foundation
EIN
31-1480523
In Care Of
% JULIA MALAGA
Phone
9736023600
Address
1418 PLEASANT VALLEY WAY, WEST ORANGE, NJ 07052

Signing Officer

Name
Julia Malaga
Title
CFO
Phone
9736023600
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Shapiro
Formed
1996
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Withumsmithbrown Pc
Address
TWO LOGAN SQ STE 2001 18THARCH ST, PHILADELPHIA, PA 19103-2726
Preparer
Eric M Strauss
Phone
2155462140
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

“The earnings on the permanently restricted endowment are used to fund student scholarship needs for the school. The temporarily restricted funds are comprised of several individual funds with purposes including tuition assistance, technology, graduation prizes, trip scholarships, programming and fellowships. The funds are allocated to the school as eligible expenses are incurred that meet donor restrictions.”

Schedule D, Part X, Line 2

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, the consolidated financial statements do not reflect a provision for federal income taxes. The foundation follows the pronouncement related to income taxes and there were no uncertain tax positions at the date of adoption or at june 30, 2018 or 2017. In addition, the foundation has no income tax related penalties or interest for the periods reported in the consolidated financial statements.”

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01019952
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt046527003
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IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT THE CHARITABLE PURPOSES, PROGRAMS AND SERVICES OF GOLDA OCH ACADEMY, A RELATED INTERNAL REVENUE CODE 501(C)(3) TAX-EXEMPT ORGANIZATION
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IRS990/NetAssetsOrFundBalancesEOYAmt045195565
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01620930
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0658187
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0240329
IRS990/OtherAssetsTotalGrp/EOYAmt0249863
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt06000
IRS990/OtherExpensesGrp/TotalAmt06000
IRS990/OtherLiabilitiesGrp/BOYAmt01595341
IRS990/OtherLiabilitiesGrp/EOYAmt01670806
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01904923
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01904923
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0247247
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt089505
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ADAM SHAPIRO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0100370
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02494325
IRS990/PYInvestmentIncomeAmt03295574
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt081670
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0819949
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02575995
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03395944
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-609176
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0221779887
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03397497
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GOLDA OCH ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03397497
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt088568
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt045228570
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0148764
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt045195565
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt03397497
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03304296
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt081670
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt042040878
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0104494
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt045228570
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02494325
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05659193
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt045096358
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0-20554
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt042040878
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02558059
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-476867
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0189722
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt046497377
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01049272
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt045096358
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt03208972
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0948403
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt041931551
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02412345
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt046497377
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt03475368
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05628849
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt03404049
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt082016
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0658187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01670806
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt011329310
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt135197693
IRS990ScheduleD/OtherSecuritiesGrp/Desc0JCF
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.04210
IRS990ScheduleD/RevenueNotReportedAmt0658187
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt082016
IRS990ScheduleD/RevenueSubtotalAmt02712857
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE EARNINGS ON THE PERMANENTLY RESTRICTED ENDOWMENT ARE USED TO FUND STUDENT SCHOLARSHIP NEEDS FOR THE SCHOOL. THE TEMPORARILY RESTRICTED FUNDS ARE COMPRISED OF SEVERAL INDIVIDUAL FUNDS WITH PURPOSES INCLUDING TUITION ASSISTANCE, TECHNOLOGY, GRADUATION PRIZES, TRIP SCHOLARSHIPS, PROGRAMMING AND FELLOWSHIPS. THE FUNDS ARE ALLOCATED TO THE SCHOOL AS ELIGIBLE EXPENSES ARE INCURRED THAT MEET DONOR RESTRICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR FEDERAL INCOME TAXES. THE FOUNDATION FOLLOWS THE PRONOUNCEMENT RELATED TO INCOME TAXES AND THERE WERE NO UNCERTAIN TAX POSITIONS AT THE DATE OF ADOPTION OR AT JUNE 30, 2018 OR 2017. IN ADDITION, THE FOUNDATION HAS NO INCOME TAX RELATED PENALTIES OR INTEREST FOR THE PERIODS REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART V, LINE 4

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$46,866,371
Liabilities
$1,670,806
Net assets
$45,195,565
Revenue
$2,794,873
Expenses
$3,404,049
Net income
-$609,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.4$0.93$44.5$3.55$7.90$4.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.5$1.87$47.6$2.11$6.07$3.96
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.0$3.18$49.8$5.31$6.08$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.4$2.68$59.7$11.6$2.64$8.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.1$1.65$42.4$2.92$3.08$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.3$1.94$44.3$2.25$2.99$0.74
2018Detailed filing. Detailed filing data is available for this year.$46.9$1.67$45.2$2.79$3.40$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.8$1.60$45.2$3.40$2.58$0.82
2016Detailed filing. Detailed filing data is available for this year.$44.0$2.00$42.0$2.61$2.72$0.11
2015Detailed filing. Detailed filing data is available for this year.$47.4$2.32$45.1$3.87$3.54$0.33
2014Detailed filing. Detailed filing data is available for this year.$48.8$2.26$46.5$4.74$5.06$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.7$1.58$43.1$4.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.4$1.43$40.9$1.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.28$0.81$8.47$0.34
Peer Organizations

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