Civic Intelligence

Illinois Community College System Foundation

990 • Fiscal year 2020 • EIN 37-1293039

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 24, 2021

Organization ProfileWWW.ICCSF.ORG
401 East Capitol AvenueSpringfield, IL 62701

(217) 789-4230

Siviq Scores

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

Liabilities / Assets

60th percentile

0.26x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

2.93x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

26th percentile

$50,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

44th percentile

4.3%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

1.4%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$8,212,407

Up $335,261 (+4.3%) from 2019

Net Assets

Up

$6,070,262

Up $550,863 (+10.0%) from 2019

Liabilities

Down

$2,142,145

Down $215,602 (-9.1%) from 2019

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin80th percentile

Revenue

Up

$730,722

Up $10,423 (+1.4%) from 2019

Expenses

Down

$541,745

Down $16,864 (-3.0%) from 2019

Net Income

Up

$188,977

Up $27,287 (+17%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$10M$5.0M$0Assets 2015: $7,529,151Liabilities 2015: $3,169,462Net Assets 2015: $4,359,6892015Assets 2016: $7,643,554Liabilities 2016: $2,980,696Net Assets 2016: $4,662,8582016Assets 2017: $7,723,894Liabilities 2017: $2,735,526Net Assets 2017: $4,988,3682017Assets 2018: $7,503,247Liabilities 2018: $2,545,475Net Assets 2018: $4,957,7722018Assets 2019: $7,877,146Liabilities 2019: $2,357,747Net Assets 2019: $5,519,3992019Assets 2020: $8,212,407Liabilities 2020: $2,142,145Net Assets 2020: $6,070,2622020Assets 2021: $8,621,800Liabilities 2021: $1,934,427Net Assets 2021: $6,687,3732021Assets 2022: $7,891,212Liabilities 2022: $1,705,703Net Assets 2022: $6,185,5092022Assets 2023: $8,693,147Liabilities 2023: $1,850,128Net Assets 2023: $6,843,0192023Assets 2024: $9,029,265Liabilities 2024: $1,556,862Net Assets 2024: $7,472,4032024

Highlighted filing

2020

Assets$8,212,407
Liabilities$2,142,145
Net Assets$6,070,262
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

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

$1.5M$1.0M$500K$0Revenue 2015: $692,621Expenses 2015: $587,448Net Income 2015: $105,1732015Revenue 2016: $760,427Expenses 2016: $524,212Net Income 2016: $236,2152016Revenue 2017: $1,451,332Expenses 2017: $555,505Net Income 2017: $895,8272017Revenue 2018: $696,598Expenses 2018: $543,173Net Income 2018: $153,4252018Revenue 2019: $720,299Expenses 2019: $558,609Net Income 2019: $161,6902019Revenue 2020: $730,722Expenses 2020: $541,745Net Income 2020: $188,9772020Revenue 2021: $917,776Expenses 2021: $563,875Net Income 2021: $353,9012021Revenue 2022: $1,186,279Expenses 2022: $640,522Net Income 2022: $545,7572022Revenue 2023: $786,838Expenses 2023: $567,168Net Income 2023: $219,6702023Revenue 2024: $1,038,282Expenses 2024: $603,709Net Income 2024: $434,5732024

Highlighted filing

2020

Revenue$730,722
Expenses$541,745
Net Income$188,977
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 24, 2021
Return Version
2020v4.1
Gross Receipts
$916,404
Mission and Program Overview

Mission

The illinois community college system foundation serves all 48 illinois community colleges in the state of illinois, providing student scholarships, programs, services, and general funds.

To support activities of benefit to all community colleges, including scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,053,980$3,913,704▼ $140,276
Investments in Publicly Traded Securities$2,962,404$3,639,598▲ $677,194
Savings and Temporary Cash Investments$723,897$585,867▼ $138,030
Accounts Receivable$114,584$73,238▼ $41,346
Prepaid Expenses and Deferred Charges$22,281$0▼ $22,281
Intangible Assets$0$0→ $0
Total Assets$7,877,146$8,212,407▲ $335,261
Liabilities
Tax Exempt Bond Liabilities$1,568,720$1,446,109▼ $122,611
Mortgage Notes Payable Secured by Investment Property$732,790$646,954▼ $85,836
Deferred Revenue$25,231$25,625▲ $394
Accounts Payable and Accrued Expenses$31,006$23,457▼ $7,549
Total Liabilities$2,357,747$2,142,145▼ $215,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,656,145$3,062,289▲ $406,144
Net Assets With Donor Restrictions$2,863,254$3,007,973▲ $144,719
Total Net Assets Fund Balance$5,519,399$6,070,262▲ $550,863
Total Liabilities and Net Assets / Fund Balance$7,877,146$8,212,407▲ $335,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,511,174$1,872,031$5,383,205
Land$401,763-$401,763
Other Land Buildings$767$200,765$201,532

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,805,888$18,250▲ $225,165$7,871$2,975,808
2019$2,562,850$22,044▲ $276,633$7,539$2,805,888
2018$2,671,504$31,486▼ $78,951$7,389$2,562,850
2017$2,497,684$26,852▲ $208,821$10,753$2,671,504
2016$2,293,519$22,570▲ $216,890$10,696$2,497,684
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joe KanoskyPresidentPT$50,000$50,000

Board Members and Trustees

NameTitle
John GoetzChair
Barry HancockVice Chair
Cristobal ValdezDirector
Keith LapeDirector
Terri WinfreeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$21,100
Program Service Revenue
$610,169
Investment Income
$77,731
Other Revenue
$21,722
All Other Contributions
$21,100
Change in Net Assets
$188,977

Audited Revenue Reconciliation

Revenue per Audited Statements
$730,722
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$535,342
Total Revenue per Audited Statements
$1,266,064
Total Revenue per Form 990
$730,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$350,225
Salaries, Compensation, and Employee Benefits$97,846
Grants and Similar Amounts Paid$93,674
Total Fundraising Expense$12,178
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$92,338$5,156-$97,494
Grants to Domestic Individuals$93,674--$93,674
Interest$77,506$1,073-$78,579
Occupancy$74,197$1,076-$75,273
Current Officers, Directors, Trustees, and Key Employees$10,000$29,143$10,000$49,143
Other Salaries and Wages$41,325--$41,325
Fees for Services Accounting-$14,105-$14,105
Insurance$11,626$748-$12,374
Fees for Service Investment Mgmnt Fees$6,657$5,568-$12,225
Other Employee Benefits$3,923$2,690$765$7,378
Travel$2,433$2,839$1,413$6,685
Other Expenses$7,313$1,000-$1,000
All Other Expenses-$279-$279
Total Functional Expenses$455,621$73,946$12,178$541,745

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$715,201
Expenses per Audited Statements$541,745
Total Expenses per Form 990$541,745
Expenses Not Reported on Form 990$173,456
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Direct Expenses$25,788
Gaming Gross Income$12,255
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe County of Sangamon Illinois2009-08-28$2,600,000Renovation of building/refunding of outstanding series 1997 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$2,600,000--$25,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization has no committees with authority to act on behalf of the governing body.”

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

“The completed 990 is presented to the organization's president for review and subsequently reported to the board of directors.”

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

“The board monitors and enforces any conflicts of interest verbally in board meetings. Officers, directors and employees are to report conflicts of interest and potential conflicts are discussed as they may be presented.”

Form 990, Part VI, Section C, Line 19

“All official documents are kept at the iccsf office at 401 e. Capitol avenue in springfield, illinois, and are available to anyone who makes a request in writing, makes an appointment, and provides identification as requested by the iccsf president.”

Filing and Contact Details

Filer

Filer Name
Illinois Community College System
EIN
37-1293039
Phone
2177894230
Address
401 EAST CAPITOL AVENUE, SPRINGFIELD, IL 62701

Signing Officer

Name
John Goetz
Title
Chair
Phone
2177894230
Signed
2021-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Goetz
Formed
1991
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
10

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
3200 ROBBINS ROAD STE 200A, SPRINGFIELD, IL 62704
Preparer
Danielle M Hunt
Phone
2177890960
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment funds were established primarily for scholarship purposes. Approximately 98% of annual expenditures from the endowment funds were used for scholarships while recognitions account for the remaining 2% of expenditures.”

PART X, LINE 2:

“The foundation has recognized in the financial statements the effects of all tax positions and continually evaluates expiring statutes of limitations, audits, changes in tax law, and new authoritative rulings. The foundation is not aware of any circumstances or events that make it reasonably possible that unrecognized tax benefits may increase or decrease within 12 months of the balance sheet date. Penalties and interest assessed by taxing authorities are included in the provision for income taxes, if applicable. There were no interest or penalties paid during 2020 or 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 147,668. Gaming expenses 25,788.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses 147,668. Gaming expenses 25,788.”

Raw XML AppendixShowing 400 of 563 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/OtherExpensesGrp/ManagementAndGeneralAmt1731
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27017
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31000
IRS990/OtherExpensesGrp/ProgramServicesAmt034629
IRS990/OtherExpensesGrp/ProgramServicesAmt17313
IRS990/OtherExpensesGrp/TotalAmt037150
IRS990/OtherExpensesGrp/TotalAmt18044
IRS990/OtherExpensesGrp/TotalAmt27017
IRS990/OtherExpensesGrp/TotalAmt31000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt041325
IRS990/OtherSalariesAndWagesGrp/TotalAmt041325
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022281
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOHN GOETZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0ICCB INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0610169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0610169
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AVAILABLE TO COMMUNITY COLLEGE STUDENTS THROUGHOUT THE STATE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0112509
IRS990/ProgSrvcAccomActy2Grp/GrantAmt093674
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029294
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt084650
IRS990/PYInvestmentIncomeAmt068769
IRS990/PYOtherExpensesAmt0375535
IRS990/PYOtherRevenueAmt020516
IRS990/PYProgramServiceRevenueAmt0601720
IRS990/PYRevenuesLessExpensesAmt0161690
IRS990/PYSalariesCompEmpBnftPaidAmt098424
IRS990/PYTotalExpensesAmt0558609
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0720299
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0188977
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt035255
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0610169
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0723897
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0585867
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt029294
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt042862
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt039441
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0155267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt077731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt067120
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt064869
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0106219
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt092640
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0408579
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0610169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0601720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0590897
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0579950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0569254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02951990
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt077731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt067120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt064869
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0106219
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt092640
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0408579
IRS990ScheduleA/InvestmentIncomeCYPct00.11480
IRS990ScheduleA/InvestmentIncomePYPct00.12270
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt035255
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt020516
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt06058
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0-3667
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0-13794
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt044368
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.87280
IRS990ScheduleA/PublicSupportPY509Pct00.88130
IRS990ScheduleA/PublicSupportTotal509Amt03107257
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0631269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0631014
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0633759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0619391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0591824
IRS990ScheduleA/Total509Grp/TotalAmt03107257
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0744255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0718650
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0704686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0721943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0670670
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03560204
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt03511174
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01872031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05383205
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02805888
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt018250
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02975808
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt065624
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225165
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt07871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02562850
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt022044
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02805888
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt048100
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0276633
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt07539
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02671504
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt031486
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02562850
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt053800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-78951
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt07389
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02497684
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt026852
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02671504
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt051100
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0208821
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt010753
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02293519
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt022570
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02497684
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt024600
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0216890
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt010696
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0173456
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0541745
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0401763
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0401763
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0361886
IRS990ScheduleD/OtherExpensesIncludedAmt0173456
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0767
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0200765
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0201532
IRS990ScheduleD/OtherRevenueAmt0173456
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.54000
IRS990ScheduleD/RevenueNotReportedAmt0535342
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0730722
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT FUNDS WERE ESTABLISHED PRIMARILY FOR SCHOLARSHIP PURPOSES. APPROXIMATELY 98% OF ANNUAL EXPENDITURES FROM THE ENDOWMENT FUNDS WERE USED FOR SCHOLARSHIPS WHILE RECOGNITIONS ACCOUNT FOR THE REMAINING 2% OF EXPENDITURES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS RECOGNIZED IN THE FINANCIAL STATEMENTS THE EFFECTS OF ALL TAX POSITIONS AND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION IS NOT AWARE OF ANY CIRCUMSTANCES OR EVENTS THAT MAKE IT REASONABLY POSSIBLE THAT UNRECOGNIZED TAX BENEFITS MAY INCREASE OR DECREASE WITHIN 12 MONTHS OF THE BALANCE SHEET DATE. PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES ARE INCLUDED IN THE PROVISION FOR INCOME TAXES, IF APPLICABLE. THERE WERE NO INTEREST OR PENALTIES PAID DURING 2020 OR 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 147,668. GAMING EXPENSES 25,788.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 147,668. GAMING EXPENSES 25,788.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.46000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03913704
IRS990ScheduleD/TotalExpensesPerForm990Amt0541745
IRS990ScheduleD/TotalRevenuePerForm990Amt0730722
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01266064
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0715201
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt013600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt127300
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt224000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt32450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt43000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt57500

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$8,212,407
Liabilities
$2,142,145
Net assets
$6,070,262
Revenue
$730,722
Expenses
$541,745
Net income
$188,977
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.03$1.56$7.47$1.04$0.60$0.43
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.69$1.85$6.84$0.79$0.57$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.89$1.71$6.19$1.19$0.64$0.55
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.62$1.93$6.69$0.92$0.56$0.35
2020Detailed filing. Detailed filing data is available for this year.$8.21$2.14$6.07$0.73$0.54$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.88$2.36$5.52$0.72$0.56$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.50$2.55$4.96$0.70$0.54$0.15
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.72$2.74$4.99$1.45$0.56$0.90
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.64$2.98$4.66$0.76$0.52$0.24
2015Detailed filing. Detailed filing data is available for this year.$7.53$3.17$4.36$0.69$0.59$0.11