Civic Intelligence

Ndsu Research Foundation

990 • Fiscal year 2019 • EIN 36-3667912

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

Organization ProfileWWW.NDSURESEARCHFOUNDATION.ORG
1735 Ndsu Research Park Dr Dpt 4400Fargo, ND 58108-6050

(701) 231-6743

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.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.01x

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

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

9th percentile

-16%

Higher net margin than 9% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$414,238

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.9% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

45th percentile

2.9%

Faster asset growth than 45% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-14%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$9,009,928

Up $251,295 (+2.9%) from 2018

Net Assets

Up

$9,000,049

Up $299,018 (+3.4%) from 2018

Liabilities

Down

$9,879

Down $47,723 (-83%) from 2018

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin9th percentile

Revenue

Down

$1,434,899

Down $229,552 (-14%) from 2018

Expenses

Down

$1,670,099

Down $8,189 (-0.5%) from 2018

Net Income

Down

-$235,200

Down $221,363 (-1600%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$15M$10M$5.0M$0Assets 2011: $5,710,186Liabilities 2011: $2,159,135Net Assets 2011: $3,551,0512011Assets 2012: $3,774,965Liabilities 2012: $93,756Net Assets 2012: $3,681,2092012Assets 2013: $5,002,086Liabilities 2013: $32,953Net Assets 2013: $4,969,1332013Assets 2014: $6,088,746Liabilities 2014: $51,939Net Assets 2014: $6,036,8072014Assets 2015: $6,949,476Liabilities 2015: $28,412Net Assets 2015: $6,921,0642015Assets 2016: $7,335,812Liabilities 2016: $28,448Net Assets 2016: $7,307,3642016Assets 2017: $7,999,836Liabilities 2017: $34,046Net Assets 2017: $7,965,7902017Assets 2018: $8,758,633Liabilities 2018: $57,602Net Assets 2018: $8,701,0312018Assets 2019: $9,009,928Liabilities 2019: $9,879Net Assets 2019: $9,000,0492019Assets 2020: $9,441,901Liabilities 2020: $4,075Net Assets 2020: $9,437,8262020Assets 2021: $12,153,678Liabilities 2021: $3,921Net Assets 2021: $12,149,7572021Assets 2022: $10,759,749Liabilities 2022: $17,389Net Assets 2022: $10,742,3602022Assets 2023: $12,173,879Liabilities 2023: $24,268Net Assets 2023: $12,149,6112023Assets 2024: $13,567,989Liabilities 2024: $35,634Net Assets 2024: $13,532,3552024Assets 2025: $14,315,083Liabilities 2025: $3,653Net Assets 2025: $14,311,4302025

Highlighted filing

2019

Assets$9,009,928
Liabilities$9,879
Net Assets$9,000,049
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,077,4092011Expenses 2012: $2,152,3062012Expenses 2013: $2,087,8422013Revenue 2014: $2,239,069Expenses 2014: $2,003,064Net Income 2014: $236,0052014Revenue 2015: $2,701,248Expenses 2015: $2,037,793Net Income 2015: $663,4552015Revenue 2016: $2,898,959Expenses 2016: $2,581,125Net Income 2016: $317,8342016Revenue 2017: $2,095,013Expenses 2017: $2,334,934Net Income 2017: -$239,9212017Revenue 2018: $1,664,451Expenses 2018: $1,678,288Net Income 2018: -$13,8372018Revenue 2019: $1,434,899Expenses 2019: $1,670,099Net Income 2019: -$235,2002019Revenue 2020: $2,478,133Expenses 2020: $2,448,233Net Income 2020: $29,9002020Revenue 2021: $1,896,448Expenses 2021: $1,981,748Net Income 2021: -$85,3002021Revenue 2022: $1,725,085Expenses 2022: $1,730,879Net Income 2022: -$5,7942022Revenue 2023: $1,454,971Expenses 2023: $1,581,681Net Income 2023: -$126,7102023Revenue 2024: $1,514,857Expenses 2024: $2,270,610Net Income 2024: -$755,7532024Revenue 2025: $1,727,038Expenses 2025: $2,249,314Net Income 2025: -$522,2762025

Highlighted filing

2019

Revenue$1,434,899
Expenses$1,670,099
Net Income-$235,200
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$2,233,011
Mission and Program Overview

Mission

To assist ndsu in teaching, research and public service projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,233,657$8,499,795▲ $266,138
Savings and Temporary Cash Investments$515,245$501,593▼ $13,652
Prepaid Expenses and Deferred Charges$8,850$8,540▼ $310
Land, Buildings, and Equipment, Net$881$0▼ $881
Total Assets$8,758,633$9,009,928▲ $251,295
Liabilities
Accounts Payable and Accrued Expenses$57,602$9,879▼ $47,723
Total Liabilities$57,602$9,879▼ $47,723
Net Assets / Fund Balance
Unrestricted Net Assets$8,701,031$9,000,049▲ $299,018
Total Net Assets Fund Balance$8,701,031$9,000,049▲ $299,018
Total Liabilities and Net Assets / Fund Balance$8,758,633$9,009,928▲ $251,295

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$19,340$19,340

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$8,233,657$50,592▲ $728,145$512,599$8,499,795
2017$7,421,057$184,452▲ $912,258$284,110$8,233,657
2016$6,707,527$263,311▲ $1,036,960$586,741$7,421,057
2015$6,541,572$387,043▲ $185,180$406,268$6,707,527
2014$5,899,427$399,360▲ $389,524$146,739$6,541,572
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jolynne TschetterExecutive DirectorPT$36,230$6,685$42,915

Board Members and Trustees

NameTitle
Dean BrescianiPresident
Jane SchuhVice President for Researc
Joel HoneymanVice President of Product
Greg LardyDirector
James BrotenDirector
Katie HasbargenDirector
Mark BirdsallDirector
Michael KesslerDirector
Randall HermanDirector
Richard RaylDirector
Rodney HoweDirector
Stephen HerrmanDirector
Ken GraftonInterim Provost
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$198,117
Other Revenue
$1,236,782
Change in Net Assets
$-235,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,434,899
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$534,218
Total Revenue per Audited Statements
$1,969,117
Total Revenue per Form 990
$1,434,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,578,022
Salaries, Compensation, and Employee Benefits$92,077
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Royalties$1,220,634--$1,220,634
Fees for Services Legal$233,564--$233,564
Other Salaries and Wages$38,865$9,717-$48,582
Current Officers, Directors, Trustees, and Key Employees$34,769$8,692-$43,461
Fees for Services Accounting-$13,907-$13,907
Fees for Service Investment Mgmnt Fees-$9,131-$9,131
Advertising$8,688--$8,688
Occupancy$4,729$835-$5,564
Insurance-$4,385-$4,385
Other Expenses$1,609$284-$1,893
Travel$963$107-$1,070
Depreciation Depletion$705$176-$881
All Other Expenses$446$79-$525
Payroll Taxes$27$7-$34
Total Functional Expenses$1,601,968$68,131$0$1,670,099

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,670,099
Total Expenses per Audited Statements$1,670,099
Total Expenses per Form 990$1,670,099
Expenses Not Reported on Financial Statements$0
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
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, Part VI, Section B, Line 11B

“Form 990 is reviewed by the executive director and treasurer prior to being distributed to the board of directors for review.”

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

“The board of directors monitor board members and ndsu's employees' compliance with ndsu's conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Ndsu Research Foundation
EIN
36-3667912
Phone
7012316743
Address
1735 NDSU RESEARCH PARK DR DPT 4400, FARGO, ND 58108-6050

Signing Officer

Name
Dean Bresciani
Title
President
Phone
7012316743
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jolynne Tschetter
Formed
1989
Legal Domicile
Nd
Voting Board Members
13
Independent Board Members
8
Employees
4
Volunteers
0

Preparer

Firm
Widmer Roel Pc
Address
4334 18TH AVE S SUITE 101, FARGO, ND 58103-7414
Preparer
Tracee S Buethner CPA
Phone
7012376022
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“This process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“To assist ndsu in teaching, research and public service projects.”

PART X, LINE 2:

“The foundation is exempt from payment of federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. The foundation is required to record a liability for uncertain tax positions when it is probable that a loss has been incurred and the amount can be reasonably estimated. As of june 30, 2019, and 2018, no such liability existed. Management will continually evaluate expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. The foundation files income tax returns in the u.s. Federal jurisdiction. The foundation is no longer subject to u.s. Federal examinations by tax authorities for years before 2016.”

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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0798112
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST NDSU IN TEACHING, RESEARCH AND PUBLIC SERVICE PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08701031
IRS990/NetAssetsOrFundBalancesEOYAmt09000049
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031029
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031029
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0534218
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0835
IRS990/OccupancyGrp/ProgramServicesAmt04729
IRS990/OccupancyGrp/TotalAmt05564
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER OPERATING
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS/MEMBERSHI
IRS990/OtherExpensesGrp/Desc2DATABASE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013281
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17530
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2284
IRS990/OtherExpensesGrp/ProgramServicesAmt053124
IRS990/OtherExpensesGrp/ProgramServicesAmt13845
IRS990/OtherExpensesGrp/ProgramServicesAmt21609
IRS990/OtherExpensesGrp/TotalAmt066405
IRS990/OtherExpensesGrp/TotalAmt17530
IRS990/OtherExpensesGrp/TotalAmt23845
IRS990/OtherExpensesGrp/TotalAmt31893
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09717
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038865
IRS990/OtherSalariesAndWagesGrp/TotalAmt048582
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07
IRS990/PayrollTaxesGrp/ProgramServicesAmt027
IRS990/PayrollTaxesGrp/TotalAmt034
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08850
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08540
IRS990/PrincipalOfficerNm0JOLYNNE TSCHETTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0163979
IRS990/PYOtherExpensesAmt01496937
IRS990/PYOtherRevenueAmt01500472
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-13837
IRS990/PYSalariesCompEmpBnftPaidAmt0181351
IRS990/PYTotalExpensesAmt01678288
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01664451
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-235200
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ProgramServicesAmt01220634
IRS990/RoyaltiesGrp/TotalAmt01220634
IRS990/RoyaltiesRevenueGrp/ExclusionAmt01236782
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt01236782
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0515245
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0501593
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0456002439
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01038351
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTH DAKOTA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01038351
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt08233657
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt050592
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt08499795
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0728145
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0512599
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt07421057
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0184452
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt08233657
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0912258
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0284110
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt06707527
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0263311
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt07421057
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01036960
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0586741
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt06541572
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0387043
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt06707527
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0185180
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0406268
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05899427
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0399360
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt06541572
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0389524
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0146739
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019340
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019340
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01670099
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0534218
IRS990ScheduleD/RevenueNotReportedAmt0534218
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01434899
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO ASSIST NDSU IN TEACHING, RESEARCH AND PUBLIC SERVICE PROJECTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM PAYMENT OF FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS REQUIRED TO RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. AS OF JUNE 30, 2019, AND 2018, NO SUCH LIABILITY EXISTED. MANAGEMENT WILL CONTINUALLY EVALUATE EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01670099
IRS990ScheduleD/TotalRevenuePerForm990Amt01434899
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01969117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01670099
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt536230
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$9,009,928
Liabilities
$9,879
Net assets
$9,000,049
Revenue
$1,434,899
Expenses
$1,670,099
Net income
-$235,200
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.00$14.3$1.73$2.25$0.52
2024Detailed filing. Detailed filing data is available for this year.$13.6$0.04$13.5$1.51$2.27$0.76
2023Detailed filing. Detailed filing data is available for this year.$12.2$0.02$12.1$1.45$1.58$0.13
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.02$10.7$1.73$1.73$0.01
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.00$12.1$1.90$1.98$0.09
2020Detailed filing. Detailed filing data is available for this year.$9.44$0.00$9.44$2.48$2.45$0.03
2019Detailed filing. Detailed filing data is available for this year.$9.01$0.01$9.00$1.43$1.67$0.24
2018Detailed filing. Detailed filing data is available for this year.$8.76$0.06$8.70$1.66$1.68$0.01
2017Detailed filing. Detailed filing data is available for this year.$8.00$0.03$7.97$2.10$2.33$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.34$0.03$7.31$2.90$2.58$0.32
2015Detailed filing. Detailed filing data is available for this year.$6.95$0.03$6.92$2.70$2.04$0.66
2014Detailed filing. Detailed filing data is available for this year.$6.09$0.05$6.04$2.24$2.00$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$0.03$4.97$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.77$0.09$3.68$2.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$2.16$3.55$2.08