Civic Intelligence

Spoon River College Foundation

990 • Fiscal year 2020 • EIN 37-1068663

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 20, 2021

Organization ProfileWWW.SRC.EDU/FOUNDATION
23235 N County Highway 22Canton, IL 61520

(309) 649-6395

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$132,328

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 26.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

7.1%

Faster asset growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

83rd percentile

38%

Faster revenue growth than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$4,473,448

Up $296,479 (+7.1%) from 2019

Net Assets

Up

$4,452,696

Up $281,619 (+6.8%) from 2019

Liabilities

Up

$20,752

Up $14,860 (+252%) from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin91st percentile

Revenue

Up

$498,674

Up $136,594 (+38%) from 2019

Expenses

Up

$238,089

Up $99,606 (+72%) from 2019

Net Income

Up

$260,585

Up $36,988 (+17%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $3,316,361Liabilities 2016: $1,136Net Assets 2016: $3,315,2252016Assets 2017: $3,691,596Liabilities 2017: $18,658Net Assets 2017: $3,672,9382017Assets 2018: $3,905,484Liabilities 2018: $14,686Net Assets 2018: $3,890,7982018Assets 2019: $4,176,969Liabilities 2019: $5,892Net Assets 2019: $4,171,0772019Assets 2020: $4,473,448Liabilities 2020: $20,752Net Assets 2020: $4,452,6962020Assets 2021: $5,661,518Liabilities 2021: $28,145Net Assets 2021: $5,633,3732021Assets 2022: $5,657,516Liabilities 2022: $55,934Net Assets 2022: $5,601,5822022Assets 2023: $6,319,984Liabilities 2023: $177,670Net Assets 2023: $6,142,3142023Assets 2024: $7,353,979Liabilities 2024: $199,031Net Assets 2024: $7,154,9482024Assets 2025: $7,850,257Liabilities 2025: $90,182Net Assets 2025: $7,760,0752025

Highlighted filing

2020

Assets$4,473,448
Liabilities$20,752
Net Assets$4,452,696
Open 2020 Filing

Operations Trend

Revenue Growth83rd percentile

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

$1.5M$1.0M$500K$0Revenue 2016: $312,084Expenses 2016: $129,349Net Income 2016: $182,7352016Revenue 2017: $458,714Expenses 2017: $178,133Net Income 2017: $280,5812017Revenue 2018: $443,030Expenses 2018: $260,127Net Income 2018: $182,9032018Revenue 2019: $362,080Expenses 2019: $138,483Net Income 2019: $223,5972019Revenue 2020: $498,674Expenses 2020: $238,089Net Income 2020: $260,5852020Revenue 2021: $879,929Expenses 2021: $297,648Net Income 2021: $582,2812021Revenue 2022: $1,123,754Expenses 2022: $345,921Net Income 2022: $777,8332022Revenue 2023: $778,957Expenses 2023: $380,249Net Income 2023: $398,7082023Revenue 2024: $1,152,161Expenses 2024: $455,099Net Income 2024: $697,0622024Revenue 2025: $613,570Expenses 2025: $442,625Net Income 2025: $170,9452025

Highlighted filing

2020

Revenue$498,674
Expenses$238,089
Net Income$260,585
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 20, 2021
Return Version
2019v5.2
Gross Receipts
$533,777
Mission and Program Overview

Mission

Supporting the general welfare of spoon river college by solicitation and receipt of grants, endowments and other funds and the allocation of these funds to the college and its students for educational, service, capital and other institutional needs.

Education is the key to a successful future. The spoon river college foundation actively seeks resources to provide excellent educational opportunities at spoon river college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,804,118$2,930,334▲ $126,216
Cash and Non-Interest-Bearing Accounts$490,340$679,591▲ $189,251
Land, Buildings, and Equipment, Net$40,000$40,000→ $0
Accounts Receivable$18,299$13,569▼ $4,730
Total Assets$4,176,969$4,473,448▲ $296,479
Other Assets Total$824,212$809,954▼ $14,258
Liabilities
Accounts Payable and Accrued Expenses$5,892$20,752▲ $14,860
Total Liabilities$5,892$20,752▲ $14,860
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,028,709$4,289,934▲ $261,225
Net Assets Without Donor Restrictions$142,368$162,762▲ $20,394
Total Net Assets Fund Balance$4,171,077$4,452,696▲ $281,619
Total Liabilities and Net Assets / Fund Balance$4,176,969$4,473,448▲ $296,479

Asset Categories

AssetBook ValueDepreciationBasis
Land$40,000-$40,000
Other Assets Org$809,954--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,753,850$97,452▲ $123,374$91,882$2,882,794
2018$2,566,746$116,445▲ $148,138$77,479$2,753,850
2017$2,364,293$140,069▲ $129,536$67,152$2,566,746
2016$2,126,780$109,500▲ $190,998$62,985$2,364,293
2015$2,045,166$120,554▲ $10,189$49,119$2,126,780
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleOtherTotal
Curt OldfieldSrc President$132,328$132,328

Board Members and Trustees

NameTitle
Mitchell CoonradtChair
Denise KirganVice Chair
Alan AchesonDirector
Brendan BaumanDirector
Bruce BealDirector
Dan VoorhisDirector
John DavisDirector
Laura LeezerDirector
Melissa WorleyDirector
Nicholas TinsmanDirector
Randy BellDirector
Renold BleemDirector
Sara PhippsDirector
Staci MayallDirector
Zachary MaherDirector
Phillip MurphyTrustee Representative
Daryle ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$418,599
Program Service Revenue
$0
Investment Income
$80,075
Other Revenue
$0
All Other Contributions
$399,955
Change in Net Assets
$260,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$498,674
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$101,955
Total Revenue per Audited Statements
$600,629
Total Revenue per Form 990
$498,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$214,363
Other Expenses$23,726
Total Fundraising Expense$11,552
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$113,424--$113,424
Grants to Domestic Individuals$100,939--$100,939
Fees for Services Other-$12,174-$12,174
Office Expenses--$6,911$6,911
Advertising--$3,031$3,031
Other Expenses--$1,610$1,610
Total Functional Expenses$214,363$12,174$11,552$238,089

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$319,010
Expenses per Audited Statements$238,089
Total Expenses per Form 990$238,089
Expenses Not Reported on Form 990$80,921
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spoon River CollegeCanton, IL-Institutional Support$113,424
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$35,103
Fundraising Gross Income$35,103
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$25,184$9,673$922$8,751
Total Events$53,747$35,103$35,103$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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Management reviewed the form 990 along with spoon river college finance staff. All board members will receive a final copy of the 990.”

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

“Every year board members complete the conflict of interest questionnaire. Any conflicts of interest noted at that time are discussed with the executive director and if material, the executive committee. Appropriate action will be taken based on the materiality and extent of conflict.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Spoon River College Foundation
EIN
37-1068663
Phone
3096496395
Address
23235 N COUNTY HIGHWAY 22, CANTON, IL 61520

Signing Officer

Name
J Colin Davis
Title
Foundation Director
Phone
3096496395
Signed
2021-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Colin Davis
Formed
1979
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
403 EAST THIRD STREET, STERLING, IL 61081
Preparer
Michelle L Heller
Phone
8156261277
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“No change from prior year”

Financial Statement Notes

PART V, LINE 4:

“TO PROVIDE SCHOLARSHIPS”

PART X, LINE 2:

“The foundation is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The foundation files forms 990 (return of organization exempt from income tax) annually. When these returns are filled, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Forms 990 filed by the foundation are subject to examination by the internal revenue services (irs) up to three years from the extended due date of each return. Forms 990 filed by the foundation are no longer subject to examination for tax years before june 30, 2016.”

Raw XML AppendixShowing 400 of 555 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0EDUCATION IS THE KEY TO A SUCCESSFUL FUTURE. THE SPOON RIVER COLLEGE FOUNDATION ACTIVELY SEEKS RESOURCES TO PROVIDE EXCELLENT EDUCATIONAL OPPORTUNITIES AT SPOON RIVER COLLEGE.
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IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0100939
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0100939
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0113424
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0113424
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt027601
IRS990/GrossReceiptsAmt0533777
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt052474
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt052474
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02804118
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02930334
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt040000
IRS990/LandBldgEquipCostOrOtherBssAmt040000
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPORTING THE GENERAL WELFARE OF SPOON RIVER COLLEGE BY SOLICITATION AND RECEIPT OF GRANTS, ENDOWMENTS AND OTHER FUNDS AND THE ALLOCATION OF THESE FUNDS TO THE COLLEGE AND ITS STUDENTS FOR EDUCATIONAL, SERVICE, CAPITAL AND OTHER INSTITUTIONAL NEEDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04171077
IRS990/NetAssetsOrFundBalancesEOYAmt04452696
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt027601
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt027601
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt021034
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0142368
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0162762
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt06911
IRS990/OfficeExpensesGrp/TotalAmt06911
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0824212
IRS990/OtherAssetsTotalGrp/EOYAmt0809954
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISC
IRS990/OtherExpensesGrp/FundraisingAmt01610
IRS990/OtherExpensesGrp/TotalAmt01610
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J COLIN DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0INSTITUTIONAL SUPPORT REPRESENTS EXPENDITURES FOR EQUIPMENT AND EXPENSES TO HELP MEET THE INSTITUTIONAL NEEDS OF SPOON RIVER COLLEGE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0113424
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0113424
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0283486
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt096329
IRS990/PYInvestmentIncomeAmt089782
IRS990/PYOtherExpensesAmt042154
IRS990/PYOtherRevenueAmt0-11188
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0223597
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0138483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0362080
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0260585
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0418599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0283486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0324300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0309513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01606035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052474
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt068515
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt051756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt041976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt048351
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0263072
IRS990ScheduleA/PublicSupportCY170Pct00.85040
IRS990ScheduleA/PublicSupportPY170Pct00.86180
IRS990ScheduleA/PublicSupportTotal170Amt01606035
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0418599
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0283486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0324300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0309513
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270137
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01606035
IRS990ScheduleA/TotalSupportAmt01888592
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt016976
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt02509
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt019485
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/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02753850
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt097452
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02882794
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123374
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt091882
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02566746
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0116445
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02753850
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0148138
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt077479
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02364293
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0140069
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02566746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0129536
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt067152
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02126780
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0109500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02364293
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0190998
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt062985
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02045166
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0120554
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02126780
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010189
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt049119
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt080921
IRS990ScheduleD/DonatedServicesUseFcltsAmt080921
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt080921
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0238089
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt021034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0809954
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/RevenueNotReportedAmt0101955
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0498674
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION FILES FORMS 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILLED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. FORMS 990 FILED BY THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICES (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 FILED BY THE FOUNDATION ARE NO LONGER SUBJECT TO EXAMINATION FOR TAX YEARS BEFORE JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0809954
IRS990ScheduleD/TotalExpensesPerForm990Amt0238089
IRS990ScheduleD/TotalRevenuePerForm990Amt0498674
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0600629
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0319010
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt018644
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt015511
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt03133
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt035103

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,473,448
Liabilities
$20,752
Net assets
$4,452,696
Revenue
$498,674
Expenses
$238,089
Net income
$260,585
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.85$0.09$7.76$0.61$0.44$0.17
2024Detailed filing. Detailed filing data is available for this year.$7.35$0.20$7.15$1.15$0.46$0.70
2023Detailed filing. Detailed filing data is available for this year.$6.32$0.18$6.14$0.78$0.38$0.40
2022Detailed filing. Detailed filing data is available for this year.$5.66$0.06$5.60$1.12$0.35$0.78
2021Detailed filing. Detailed filing data is available for this year.$5.66$0.03$5.63$0.88$0.30$0.58
2020Detailed filing. Detailed filing data is available for this year.$4.47$0.02$4.45$0.50$0.24$0.26
2019Detailed filing. Detailed filing data is available for this year.$4.18$0.01$4.17$0.36$0.14$0.22
2018Detailed filing. Detailed filing data is available for this year.$3.91$0.01$3.89$0.44$0.26$0.18
2017Detailed filing. Detailed filing data is available for this year.$3.69$0.02$3.67$0.46$0.18$0.28
2016Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$0.31$0.13$0.18