Civic Intelligence

Spoon River College Foundation

990 • Fiscal year 2021 • EIN 37-1068663

Jul 01, 2020 to Jun 30, 2021 • Filed on May 11, 2022

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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.03x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

92nd percentile

66%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$145,371

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

78th percentile

27%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

85th percentile

76%

Faster revenue growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$5,661,518

Up $1,188,070 (+27%) from 2020

Net Assets

Up

$5,633,373

Up $1,180,677 (+27%) from 2020

Liabilities

Up

$28,145

Up $7,393 (+36%) from 2020

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin92nd percentile

Revenue

Up

$879,929

Up $381,255 (+76%) from 2020

Expenses

Up

$297,648

Up $59,559 (+25%) from 2020

Net Income

Up

$582,281

Up $321,696 (+123%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2021

Assets$5,661,518
Liabilities$28,145
Net Assets$5,633,373
Open 2021 Filing

Operations Trend

Revenue Growth85th 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

2021

Revenue$879,929
Expenses$297,648
Net Income$582,281
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 11, 2022
Return Version
2020v4.2
Gross Receipts
$891,211
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$2,930,334$3,768,582▲ $838,248
Cash and Non-Interest-Bearing Accounts$679,591$845,928▲ $166,337
Accounts Receivable$13,569$52,509▲ $38,940
Land, Buildings, and Equipment, Net$40,000$40,000→ $0
Total Assets$4,473,448$5,661,518▲ $1,188,070
Other Assets Total$809,954$954,499▲ $144,545
Liabilities
Accounts Payable and Accrued Expenses$20,752$28,145▲ $7,393
Total Liabilities$20,752$28,145▲ $7,393
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,289,934$5,415,123▲ $1,125,189
Net Assets Without Donor Restrictions$162,762$218,250▲ $55,488
Total Net Assets Fund Balance$4,452,696$5,633,373▲ $1,180,677
Total Liabilities and Net Assets / Fund Balance$4,473,448$5,661,518▲ $1,188,070

Asset Categories

AssetBook ValueDepreciationBasis
Land$40,000-$40,000
Other Assets Org$954,499--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,882,794$368,984▲ $652,344$66,709$3,837,413
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
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeOtherTotal
Curt OldfieldSrc President-$145,371$145,371
Sarah GrayFiscal OfficerPT$85,439$85,439
J Colin DavisFoundation Director-$67,166$67,166

Board Members and Trustees

NameTitle
Mitchell CoonradtChair
Denise KirganVice Chair
Alan AchesonDirector
Brendan BaumanDirector
Bruce BealDirector
John DavisDirector
Laura LeezerDirector
Melissa WorleyDirector
Sara PhippsDirector
Staci MayallDirector
Zachary MaherDirector
Randy BellDirector (resigned 10/2020)
Phillip MurphyTrustee Representative
Nicholas TinsmanSecretary
Daryle ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$681,168
Program Service Revenue
$0
Investment Income
$198,761
Other Revenue
$0
All Other Contributions
$653,435
Change in Net Assets
$582,281

Audited Revenue Reconciliation

Revenue per Audited Statements
$879,929
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$682,322
Total Revenue per Audited Statements
$1,562,251
Total Revenue per Form 990
$879,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$216,603
Other Expenses$81,045
Total Fundraising Expense$55,425
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$117,814--$117,814
Grants to Domestic Individuals$98,789--$98,789
Advertising--$46,833$46,833
Fees for Services Other-$25,620-$25,620
Office Expenses--$6,300$6,300
Other Expenses--$2,292$2,292
Total Functional Expenses$216,603$25,620$55,425$297,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$381,574
Expenses per Audited Statements$297,648
Total Expenses per Form 990$297,648
Expenses Not Reported on Form 990$83,926
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Spoon River CollegeCanton, IL-Institutional Support$117,814
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,282
Fundraising Gross Income$11,282
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Studen Organization Events$39,015$11,282$11,282$0
Total Events$39,015$11,282$11,282$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
2022-05-11
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
17

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 551 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (RESIGNED 10/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FOUNDATION DIRECTOR
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IRS990/FundraisingAmt027733
IRS990/FundraisingDirectExpensesAmt011282
IRS990/FundraisingGrossIncomeAmt011282
IRS990/GainOrLossGrp/SecuritiesAmt0141531
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt098789
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt098789
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt098789
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0117814
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0117814
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0141531
IRS990/GrossReceiptsAmt0891211
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt057230
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt057230
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02930334
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03768582
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/NetAssetsOrFundBalancesBOYAmt04452696
IRS990/NetAssetsOrFundBalancesEOYAmt05633373
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0141531
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0141531
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0598396
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0162762
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0218250
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt06300
IRS990/OfficeExpensesGrp/TotalAmt06300
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0809954
IRS990/OtherAssetsTotalGrp/EOYAmt0954499
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISC
IRS990/OtherExpensesGrp/FundraisingAmt02292
IRS990/OtherExpensesGrp/TotalAmt02292
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/ExpenseAmt0117814
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0117814
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0418599
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0214363
IRS990/PYInvestmentIncomeAmt080075
IRS990/PYOtherExpensesAmt023726
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0260585
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0238089
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0498674
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0582281
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0681168
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0418599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0283486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0324300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0309513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02017066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt057230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt052474
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt068515
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt051756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041976
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0271951
IRS990ScheduleA/PublicSupportCY170Pct00.87380
IRS990ScheduleA/PublicSupportPY170Pct00.85040
IRS990ScheduleA/PublicSupportTotal170Amt02017066
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0681168
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0418599
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0283486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0324300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0309513
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02017066
IRS990ScheduleA/TotalSupportAmt02308502
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt016976
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt02509
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/BoardDesignatedBalanceEOYPct00.17000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02882794
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0368984
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03837413
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0652344
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt066709
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02753850
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt097452
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02882794
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123374
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt091882
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02566746
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0116445
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02753850
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0148138
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt077479
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02364293
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0140069
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02566746
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0129536
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt067152
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02126780
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0109500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02364293
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0190998
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt062985
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt083926
IRS990ScheduleD/DonatedServicesUseFcltsAmt083926
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt083926
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0297648
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt040000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt040000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0598396
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0954499
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN PERPETUAL TRUSTS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.83000
IRS990ScheduleD/RevenueNotReportedAmt0682322
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0879929
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/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt040000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0954499
IRS990ScheduleD/TotalExpensesPerForm990Amt0297648
IRS990ScheduleD/TotalRevenuePerForm990Amt0879929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01562251
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0381574
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027733
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027733

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,661,518
Liabilities
$28,145
Net assets
$5,633,373
Revenue
$879,929
Expenses
$297,648
Net income
$582,281
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