Civic Intelligence

Lori & David Scott Foundation

990 • Fiscal year 2019 • EIN 36-4071892

Jan 01, 2019 to Dec 31, 2019 • Filed on May 21, 2020

Organization ProfileN/A
10340 North 84th StreetOmaha, NE 68122-2216

(402) 502-1122

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.04x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.27x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

96th percentile

72%

Higher net margin than 96% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

$32,017,613

No earlier filing loaded for comparison.

Net Assets

$30,639,622

No earlier filing loaded for comparison.

Liabilities

$1,377,991

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin96th percentile

Revenue

$5,111,639

No earlier filing loaded for comparison.

Expenses

$1,407,282

No earlier filing loaded for comparison.

Net Income

$3,704,357

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60M$40M$20M$0Assets 2019: $32,017,613Liabilities 2019: $1,377,991Net Assets 2019: $30,639,6222019Assets 2020: $36,363,916Liabilities 2020: $982,519Net Assets 2020: $35,381,3972020Assets 2021: $40,121,871Liabilities 2021: $612,763Net Assets 2021: $39,509,1082021Assets 2022: $37,805,055Liabilities 2022: $376,704Net Assets 2022: $37,428,3512022Assets 2023: $39,031,694Liabilities 2023: $393,874Net Assets 2023: $38,637,8202023Assets 2024: $38,962,608Liabilities 2024: $190,000Net Assets 2024: $38,772,6082024

Highlighted filing

2019

Assets$32,017,613
Liabilities$1,377,991
Net Assets$30,639,622
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Revenue 2019: $5,111,639Expenses 2019: $1,407,282Net Income 2019: $3,704,3572019Revenue 2020: $5,045,860Expenses 2020: $686,403Net Income 2020: $4,359,4572020Revenue 2021: $1,263,368Expenses 2021: $450,047Net Income 2021: $813,3212021Revenue 2022: $624,434Expenses 2022: $579,682Net Income 2022: $44,7522022Revenue 2023: $5,493,282Expenses 2023: $977,925Net Income 2023: $4,515,3572023Revenue 2024: $843,713Expenses 2024: $723,121Net Income 2024: $120,5922024

Highlighted filing

2019

Revenue$5,111,639
Expenses$1,407,282
Net Income$3,704,357
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 21, 2020
Return Version
2019v5.1
Gross Receipts
$14,527,879
Mission and Program Overview

Mission

The mission of the foundation is to distribute funds for charitable purposes in the areas of civic, cultural, health, education and social services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,208,797$31,440,925▲ $6,232,128
Savings and Temporary Cash Investments$469,551$322,146▼ $147,405
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$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$25,963,263$32,017,613▲ $6,054,350
Other Assets Total$284,915$254,542▼ $30,373
Liabilities
Grants Payable$1,147,393$1,377,991▲ $230,598
Accounts Payable and Accrued Expenses$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,147,393$1,377,991▲ $230,598
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$24,815,870$30,639,622▲ $5,823,752
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$24,815,870$30,639,622▲ $5,823,752
Total Liabilities and Net Assets / Fund Balance$25,963,263$32,017,613▲ $6,054,350
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
w david scottDirector (chairman)
ellen wrightdirector
jack r mcdonnelldirector
james e landendirector
lori scottdirector
john k boyerDirector (secretary)

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$3,930,000
Program Service Revenue
$0
Investment Income
$1,129,760
Other Revenue
$51,879
All Other Contributions
$3,930,000
Change in Net Assets
$3,704,357

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock6,000$3,930,000Fair Market Value (FMV)
Total Noncash Contributions6,000$3,930,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,995,026
Revenue Not Reported on Financial Statements
$116,613
Revenue Not Reported on Form 990
$2,119,395
Other Revenue Adjustments
$116,613
Total Revenue per Audited Statements
$7,114,421
Total Revenue per Form 990
$5,111,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,186,825
Other Expenses$220,457
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,186,825--$1,186,825
Fees for Service Investment Mgmnt Fees$0$88,794$0$88,794
Fees for Services Management$37,500$37,500$0$75,000
Other Expenses$22,140$0$0$22,140
Fees for Services Accounting$6,643$6,642$0$13,285
Fees for Services Legal$619$619-$1,238
Total Functional Expenses$1,263,727$143,555$0$1,407,282

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,407,282
Expenses per Audited Statements$1,290,669
Total Expenses per Audited Statements$1,290,669
Expenses Not Reported on Financial Statements$116,613
Other Expense Adjustments$116,613
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Nebraska FoundationLincoln, NE501(c)(3)Uno Soccer Fund & Baseball/softball Complex$530,000
Village Northwest UnlimitedSheldon, IA501(c)(3)Event & Building Campus Homes$505,000
Brownell Talbot SchoolOmaha, NE501(c)(3)Bt Fund, Scholarships & Events$65,000
Ymca of Greater OmahaOmaha, NE501(c)(3)Annual Campaign$60,000
Northstar FoundationOmaha, NE501(c)(3)Event$25,700
The Salvation ArmyOmaha, NE501(c)(3)Event & North Corps Programs$20,000
Metropolitan Community College FdnOmaha, NE501(c)(3)Scholarships$15,000
Boy Scouts of America Mid-america CouncilOmaha, NE501(c)(3)Program Support$12,500
Northwestern CollegeOrange City, IA501(c)(3)Annual Fund 2019$11,000
The Durham MuseumOmaha, NE501(c)(3)GUITAR: THE INSTRUMENT$10,000
American Heart AssociationOmaha, NE501(c)(3)Event$7,000
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
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 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

“The following directors have a family relationship: david scott and lori scott the following directors have a business relationship: david scott and john boyer”

Form 990, Part VI, Line 8B

“The foundation does not have any committees that currently act on behalf of the governing board.”

Form 990, Part VI, Line 11B

“Each director will receive the form 990 prior to the return being filed with the irs.”

Form 990, Part VI, Line 15A

“The foundation does not have any paid employees or directors, therefore, no processes are in place relating to compensation.”

Form 990, Part VI, Line 19

“The foundation does not make these records available to the public.”

Form 990, Part VI, Line 12C

“Annually (or more frequently if necessary), as required under the conflict of interest policy, the Directors verbally disclose any conflicts of interest with family members and/or business transactions. The organization monitors all conflicts, and if a transaction with a conflict exists, it is discussed during the annual Board meeting and the conflicted Director is prohibited from voting on such decision.”

Filing and Contact Details

Filer

Filer Name
Lori & David Scott Foundation
EIN
36-4071892
In Care Of
% CHRISTI ANNIN
Phone
4025021122
Address
10340 North 84th Street, Omaha, NE 68122-2216

Signing Officer

Name
W David Scott
Title
President
Phone
4025021122
Signed
2020-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
W David Scott
Formed
1995
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Kpmg Llp
Address
1212 North 96th Street Suite 300, Omaha, NE 68114
Preparer
Donald Neal Jr
Phone
4023481450
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

“The foundation has been recognized by the internal revenue service as a not-for-profit organization as described in section 501(c)(3) of the internal revenue code and, accordingly, is exempt from federal income tax under section 501(a) of the internal revenue code. The foundation applies the provisions of accounting standards codification (asc) subtopic 740-10, income taxes-overall. At december 31, 2019 and 2018, the foundation had no uncertain tax positions.”

Schedule D, Part XI, Line 4B

“Present value adjustment $ 27,819 investment expenses netted against investment income 88,794 -------- $116,613”

Schedule D, Part XII, Line 4B

“Present value adjustment $ 27,819 investment expenses netted against investment income 88,794 -------- $116,613”

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IRS990/NetAssetsOrFundBalancesEOYAmt030639622
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt097181
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt097181
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02119395
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt024815870
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt030639622
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt03930000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0284915
IRS990/OtherAssetsTotalGrp/EOYAmt0254542
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONSULTING FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt010000
IRS990/OtherExpensesGrp/ProgramServicesAmt122140
IRS990/OtherExpensesGrp/TotalAmt020000
IRS990/OtherExpensesGrp/TotalAmt122140
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1PRESENT VALUE ADJUSTMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt024060
IRS990/OtherRevenueMiscGrp/ExclusionAmt127819
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024060
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt127819
IRS990/OtherRevenueTotalAmt051879
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0W DAVID SCOTT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03025000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0762671
IRS990/PYInvestmentIncomeAmt01389841
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0195846
IRS990/PYOtherRevenueAmt05400
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03461724
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0958517
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04420241
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03704357
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0469551
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0322146
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/Form990ScheduleAPartVIGrp/ExplanationTxt0Omaha Community Foundation (OCF), Lori & David Scott Foundation's supported organization, controls the Board of Lori & David Scott Foundation through its appointment of a majority of the members of Lori & David Scott Foundation's board. OCF`s primary purpose is to fund charitable programs and organizations primarily serving the Omaha/Metro area, Southeast Nebraska and Southwest Iowa. Therefore, the distributions made by Lori & David Scott Foundation to various nonprofits as determined by its board, which is controlled by OCF appointees, constitutes distributions to members of the charitable class benefited by OCF. Consequently, all of the distributions made, whether directly to OCF, or to organizations chosen by Lori & David Scott Foundation's OCF controlled board, constitute support to OCF, its supported organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 12g
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0470645958
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd08
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01186825
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0OMAHA COMMUNITY FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01186825
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0116613
IRS990ScheduleD/ExpensesSubtotalAmt01290669
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02119395
IRS990ScheduleD/OtherExpensesNotIncludedAmt0116613
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0116613
IRS990ScheduleD/RevenueNotReportedAmt02119395
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0116613
IRS990ScheduleD/RevenueSubtotalAmt04995026
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE FOUNDATION APPLIES THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740-10, INCOME TAXES-OVERALL. AT DECEMBER 31, 2019 AND 2018, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PRESENT VALUE ADJUSTMENT $ 27,819 INVESTMENT EXPENSES NETTED AGAINST INVESTMENT INCOME 88,794 -------- $116,613
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PRESENT VALUE ADJUSTMENT $ 27,819 INVESTMENT EXPENSES NETTED AGAINST INVESTMENT INCOME 88,794 -------- $116,613
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt01407282
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt05111639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07114421
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01290669
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt012500
IRS990ScheduleI/RecipientTable/CashGrantAmt165000
IRS990ScheduleI/RecipientTable/CashGrantAmt215000
IRS990ScheduleI/RecipientTable/CashGrantAmt325700
IRS990ScheduleI/RecipientTable/CashGrantAmt411000
IRS990ScheduleI/RecipientTable/CashGrantAmt520000
IRS990ScheduleI/RecipientTable/CashGrantAmt6530000
IRS990ScheduleI/RecipientTable/CashGrantAmt77000
IRS990ScheduleI/RecipientTable/CashGrantAmt810000
IRS990ScheduleI/RecipientTable/CashGrantAmt9505000
IRS990ScheduleI/RecipientTable/CashGrantAmt1060000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BT FUND, SCHOLARSHIPS & EVENTS

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$32,017,613
Liabilities
$1,377,991
Net assets
$30,639,622
Revenue
$5,111,639
Expenses
$1,407,282
Net income
$3,704,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$39.0$0.19$38.8$0.84$0.72$0.12
2023Detailed filing. Detailed filing data is available for this year.$39.0$0.39$38.6$5.49$0.98$4.52
2022Detailed filing. Detailed filing data is available for this year.$37.8$0.38$37.4$0.62$0.58$0.04
2021Detailed filing. Detailed filing data is available for this year.$40.1$0.61$39.5$1.26$0.45$0.81
2020Detailed filing. Detailed filing data is available for this year.$36.4$0.98$35.4$5.05$0.69$4.36
2019Detailed filing. Detailed filing data is available for this year.$32.0$1.38$30.6$5.11$1.41$3.70