Civic Intelligence

Taylor University Foundation Inc

990 • Fiscal year 2012 • EIN 35-6047122

Jun 01, 2011 to May 31, 2012 • Filed on Jan 14, 2013

Organization ProfileN/A
236 West Reade Avenue46989-1001
Siviq Scores

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

Liabilities / Assets

84th percentile

0.77x

Higher debt load relative to assets than 84% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

3rd percentile

-20%

Faster asset growth than 3% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$15,641,261

Down $4,000,364 (-20%) from 2011

Net Assets

Down

$3,661,632

Down $607,347 (-14%) from 2011

Liabilities

Down

$11,979,629

Down $3,393,017 (-22%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$630,304

Down $418,959 (-40%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $18,854,319Liabilities 2010: $14,997,186Net Assets 2010: $3,857,1332010Assets 2011: $19,641,625Liabilities 2011: $15,372,646Net Assets 2011: $4,268,9792011Assets 2012: $15,641,261Liabilities 2012: $11,979,629Net Assets 2012: $3,661,6322012Assets 2013: $16,370,040Liabilities 2013: $12,276,466Net Assets 2013: $4,093,5742013Assets 2014: $14,202,606Liabilities 2014: $10,064,861Net Assets 2014: $4,137,7452014Assets 2015: $13,453,687Liabilities 2015: $9,527,258Net Assets 2015: $3,926,4292015Assets 2016: $12,224,287Liabilities 2016: $8,499,820Net Assets 2016: $3,724,4672016Assets 2017: $12,403,058Liabilities 2017: $8,388,283Net Assets 2017: $4,014,7752017Assets 2018: $11,644,673Liabilities 2018: $7,140,797Net Assets 2018: $4,503,8762018Assets 2019: $10,919,797Liabilities 2019: $6,619,084Net Assets 2019: $4,300,7132019Assets 2020: $10,156,374Liabilities 2020: $6,525,257Net Assets 2020: $3,631,1172020Assets 2021: $11,511,191Liabilities 2021: $6,562,090Net Assets 2021: $4,949,1012021Assets 2022: $10,183,475Liabilities 2022: $5,071,176Net Assets 2022: $5,112,2992022Assets 2023: $8,552,432Liabilities 2023: $3,783,653Net Assets 2023: $4,768,7792023Assets 2024: $8,995,413Liabilities 2024: $3,524,906Net Assets 2024: $5,470,5072024

Highlighted filing

2012

Assets$15,641,261
Liabilities$11,979,629
Net Assets$3,661,632
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,606,1912010Expenses 2011: $1,049,2632011Expenses 2012: $630,3042012Expenses 2013: $580,1512013Revenue 2014: $1,045,680Expenses 2014: $1,050,696Net Income 2014: -$5,0162014Revenue 2015: $510,190Expenses 2015: $488,004Net Income 2015: $22,1862015Revenue 2016: $309,299Expenses 2016: $555,192Net Income 2016: -$245,8932016Revenue 2017: $402,046Expenses 2017: $426,125Net Income 2017: -$24,0792017Revenue 2018: $599,650Expenses 2018: $396,814Net Income 2018: $202,8362018Revenue 2019: $650,972Expenses 2019: $379,461Net Income 2019: $271,5112019Revenue 2020: $335,065Expenses 2020: $282,584Net Income 2020: $52,4812020Revenue 2021: $513,693Expenses 2021: $294,135Net Income 2021: $219,5582021Revenue 2022: $826,843Expenses 2022: $260,535Net Income 2022: $566,3082022Revenue 2023: $293,271Expenses 2023: $362,535Net Income 2023: -$69,2642023Revenue 2024: $391,432Expenses 2024: $429,014Net Income 2024: -$37,5822024

Highlighted filing

2012

Revenue-
Expenses$630,304
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2011 to May 31, 2012
Signed
Jan 14, 2013
Return Version
2011v1.2
Gross Receipts
$6,014,216
Mission and Program Overview

Mission

Support the educational purposes of Taylor University.

Filing and Contact Details

Filer

EIN
35-6047122
Raw XML AppendixShowing 400 of 523 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Foundation holds various art collections. The largest consists of Oriental and European art. These are held by the Foundation to allow opportunities for Taylor University students to learn about and appreciate these works of art.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1All of the William Taylor Foundation endowed funds are to support the Foundation's general operations.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2Payments to Annuitants included on 990 Part IX -495,176.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation3Payments to Annuitants included on 990 Part IX 495,176.
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IRS990ScheduleO/GeneralExplanation/Explanation0William Taylor Foundation does not itself have any employees, so line 5 is reported as "0". However, during the fiscal year ended 5/31/12, the Foundation did reimburse Taylor University for services provided by one University employee who serves as an officer of the Foundation.
IRS990ScheduleO/GeneralExplanation/Explanation1The Foundation's independent certified public accounting firm prepared the Form 990, it was reviewed by the Executive Director, and finally it was presented to the board for review prior to filing. The Foundation utilized this process to ensure that its Form 990 received substantive review by directors and professionals with specific knowledge of the Foundation's activities and extensive financial, accounting and tax expertise.
IRS990ScheduleO/GeneralExplanation/Explanation2The Foundation and University have adopted a conflict of interest policy that requires directors, officers and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires directors, officers and key employees to disclose, in writing, any known financial interest that the individual (together with family members) has in any business entity that transacts business with the Organization. In addition, directors, officers and key employees are required to immediately disclose any possible conflict of interest that arises mid-year in relation to a proposed transaction. The Conflict of Interest Policy requires that any individual with a conflict be recused from the decisionmaking process, that independent directors or committee members determine that the proposed transaction is in the best interests of the Organization, and the transaction must be approved by a vote of the independent directors or committee members without the participation of any interested individual. The annual conflict disclosure statements are submitted to, and reviewed by, the audit committee, composed of independent outside directors. In addition, the executive staff is responsible for monitoring any possible conflict transactions that arise and managing them to ensure that all transactions represent arms' length, fair market value terms for the benefit of the Organization.
IRS990ScheduleO/GeneralExplanation/Explanation3The governing documents, conflict of interest policy, and financial statements will be provided upon request, either as a printed or electronic copy.
IRS990ScheduleO/GeneralExplanation/Explanation4The Foundation leases employees from Taylor University. The University has a whistleblower policy applicable to these employees.
IRS990ScheduleO/GeneralExplanation/Explanation5The Foundation leases all employees from Taylor University. The University has adopted an Executive Compensation and Intermediate Sanctions Policy that ensures that all compensation arrangements with related parties are evaluated and entered at arms' length and that any compensation that is paid to a related party is reasonable and reflects fair market value. The Policy encourages the application of the rebuttable presumption standard of Code Section 4958 and the related Treasury Regulations by (a) excluding any interested party from the decisionmaking process; (b) requiring disinterested board or committee members to obtain and rely upon comparability data when setting the proposed compensation terms; (c) requiring approval of the transaction in advance by disinterested trustees or committee members; and (d) requiring contemporaneous documentation (i.e., minutes) reflecting the decision and the process by which it was made. In the case of the President's compensation, the Executive Committee (composed entirely of independent members of the University board of trustees), is responsible for ensuring that the process outlined above is applied.
IRS990ScheduleO/GeneralExplanation/Explanation6Although the William Taylor Foundation does not itself have any employees, during the fiscal year ended 5/31/12, the Foundation did reimburse Taylor University for services provided by one University employee who serves as an officer of the Foundation.
IRS990ScheduleO/GeneralExplanation/Explanation7Net unrealized losses on investments: -37,695.
IRS990ScheduleO/GeneralExplanation/Identifier0Number of Employees & Salaries, Compensation, and Other Benefits
IRS990ScheduleO/GeneralExplanation/Identifier1Whistleblower Policy
IRS990ScheduleO/GeneralExplanation/Identifier2Executive Compensation
IRS990ScheduleO/GeneralExplanation/Identifier3Officer Compensation
IRS990ScheduleO/GeneralExplanation/Identifier4Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990 Part I, Lines 5 and 15:
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, Line 13:
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, Line 15a and 15b:
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990 Part V, Line 2a, Part VII, Column (D), and 990 Part IX, Line 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part XI, line 5:
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine10236 W Reade Ave
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City0Upland
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/State0IN
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/ZIPCode046989
IRS990ScheduleR/Form990ScheduleRPartI/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartI/EIN0320166204
IRS990ScheduleR/Form990ScheduleRPartI/EOYAssets0252286

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,641,261
Liabilities
$11,979,629
Net assets
$3,661,632
Revenue
-
Expenses
$630,304
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.00$3.52$5.47$0.39$0.43$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.55$3.78$4.77$0.29$0.36$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$5.07$5.11$0.83$0.26$0.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$6.56$4.95$0.51$0.29$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$6.53$3.63$0.34$0.28$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$6.62$4.30$0.65$0.38$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$7.14$4.50$0.60$0.40$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$8.39$4.01$0.40$0.43$0.02
2016Detailed filing. Detailed filing data is available for this year.$12.2$8.50$3.72$0.31$0.56$0.25
2015Detailed filing. Detailed filing data is available for this year.$13.5$9.53$3.93$0.51$0.49$0.02
2014Detailed filing. Detailed filing data is available for this year.$14.2$10.1$4.14$1.05$1.05$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$12.3$4.09$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$12.0$3.66$0.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$15.4$4.27$1.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$15.0$3.86$1.61