Civic Intelligence

Illinois Community College System Foundation

990 • Fiscal year 2023 • EIN 37-1293039

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 31, 2024

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

0.21x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

2.35x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

81st percentile

28%

Higher net margin than 81% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

24th percentile

$27,500

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$8,693,147

Up $801,935 (+10%) from 2022

Net Assets

Up

$6,843,019

Up $657,510 (+11%) from 2022

Liabilities

Up

$1,850,128

Up $144,425 (+8.5%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin81st percentile

Revenue

Down

$786,838

Down $399,441 (-34%) from 2022

Expenses

Down

$567,168

Down $73,354 (-11%) from 2022

Net Income

Down

$219,670

Down $326,087 (-60%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth62nd 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

2023

Assets$8,693,147
Liabilities$1,850,128
Net Assets$6,843,019
Open 2023 Filing

Operations Trend

Revenue Growth11th 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

2023

Revenue$786,838
Expenses$567,168
Net Income$219,670
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 31, 2024
Return Version
2023v5.1
Gross Receipts
$2,935,206
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
Investments in Publicly Traded Securities$3,524,039$3,997,610▲ $473,571
Land, Buildings, and Equipment, Net$3,731,476$3,639,438▼ $92,038
Savings and Temporary Cash Investments$623,219$1,023,751▲ $400,532
Accounts Receivable$2,178$32,348▲ $30,170
Prepaid Expenses and Deferred Charges$10,300$0▼ $10,300
Intangible Assets$0$0→ $0
Total Assets$7,891,212$8,693,147▲ $801,935
Liabilities
Tax Exempt Bond Liabilities$1,186,294$1,063,260▼ $123,034
Mortgage Notes Payable Secured by Investment Property$469,887$370,687▼ $99,200
Grants Payable-$361,462-
Accounts Payable and Accrued Expenses$35,177$39,944▲ $4,767
Deferred Revenue$14,345$14,775▲ $430
Total Liabilities$1,705,703$1,850,128▲ $144,425
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,313,340$3,791,979▲ $478,639
Net Assets With Donor Restrictions$2,872,169$3,051,040▲ $178,871
Total Net Assets Fund Balance$6,185,509$6,843,019▲ $657,510
Total Liabilities and Net Assets / Fund Balance$7,891,212$8,693,147▲ $801,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,230,081$2,297,163$5,527,244
Land$401,763-$401,763
Other Land Buildings$7,594$203,091$210,685

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,844,903$40,030▲ $218,402$9,311$3,023,774
2022$3,174,015$33,435▼ $294,155$9,662$2,844,903
2021$2,975,808$27,971▲ $252,194$11,108$3,174,015
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
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Barry HancockCo-presidentPT$27,500$27,500
Terri WinfreeCo-presidentPT$27,500$27,500

Board Members and Trustees

NameTitle
John GoetzChair
Bola DelanoDirector
Bradley GriffithDirector
Craig BradleyDirector
Cristobal ValdezDirector
Joe KanoskyDirector
Shelley BarkleyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$40,030
Program Service Revenue
$640,871
Investment Income
$54,192
Other Revenue
$51,745
All Other Contributions
$40,030
Change in Net Assets
$219,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$786,838
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$559,528
Total Revenue per Audited Statements
$1,346,366
Total Revenue per Form 990
$786,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$394,419
Salaries, Compensation, and Employee Benefits$102,499
Grants and Similar Amounts Paid$70,250
Total Fundraising Expense$13,839
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$124,276$3,037-$127,313
Depreciation Depletion$103,676$5,315-$108,991
Grants to Domestic Individuals$70,250--$70,250
Interest$55,707$726-$56,433
Current Officers, Directors, Trustees, and Key Employees$22,000$22,000$11,000$55,000
Other Salaries and Wages$39,559$656-$40,215
Fees for Services Accounting-$20,225-$20,225
Fees for Service Investment Mgmnt Fees$8,147$10,284-$18,431
Travel$3,503$4,013$1,997$9,513
Other Employee Benefits$4,709$1,733$842$7,284
Other Expenses$4,103$2,330-$6,433
All Other Expenses-$4,372-$4,372
Total Functional Expenses$461,256$92,073$13,839$567,168

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$688,856
Expenses per Audited Statements$567,168
Total Expenses per Form 990$567,168
Expenses Not Reported on Form 990$121,688
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
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
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Goetz
Formed
1991
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
7
Employees
3
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 2023 or 2022.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 121,688.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSES 121,688.”

Raw XML AppendixShowing 400 of 570 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/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt051745
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt051745
IRS990/NetUnrelatedBusTxblIncmAmt045543
IRS990/NetUnrlzdGainsLossesInvstAmt0437840
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03313340
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03791979
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03037
IRS990/OccupancyGrp/ProgramServicesAmt0124276
IRS990/OccupancyGrp/TotalAmt0127313
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0842
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01733
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04709
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07284
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09966
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1331
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27085
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32330
IRS990/OtherExpensesGrp/ProgramServicesAmt025326
IRS990/OtherExpensesGrp/ProgramServicesAmt14103
IRS990/OtherExpensesGrp/TotalAmt09966
IRS990/OtherExpensesGrp/TotalAmt125657
IRS990/OtherExpensesGrp/TotalAmt27085
IRS990/OtherExpensesGrp/TotalAmt36433
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0656
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039559
IRS990/OtherSalariesAndWagesGrp/TotalAmt040215
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JOHN GOETZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0ICCB INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0640871
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0640871
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING FINANCIAL ASSISTANCE THROUGH SCHOLARSHIPS AVAILABLE TO COMMUNITY COLLEGE STUDENTS THROUGHOUT THE STATE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt092235
IRS990/ProgSrvcAccomActy2Grp/GrantAmt070250
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt063385
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt085730
IRS990/PYInvestmentIncomeAmt0455849
IRS990/PYOtherExpensesAmt0447738
IRS990/PYOtherRevenueAmt034530
IRS990/PYProgramServiceRevenueAmt0632515
IRS990/PYRevenuesLessExpensesAmt0545757
IRS990/PYSalariesCompEmpBnftPaidAmt0107054
IRS990/PYTotalExpensesAmt0640522
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01186279
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0219670
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt051745
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0640871
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0623219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01023751
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt063385
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt041721
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt021100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029294
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0195530
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt094988
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt082021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt078712
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt077731
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt067120
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0400572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0640871
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0632515
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0613231
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0610169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0601720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03098506
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt094988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt082021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt078712
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt077731
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt067120
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0400572
IRS990ScheduleA/InvestmentIncomeCYPct00.10330
IRS990ScheduleA/InvestmentIncomePYPct00.09860
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt051745
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt034480
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt041928
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt035255
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt020516
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt0183924
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.84930
IRS990ScheduleA/PublicSupportPY509Pct00.86460
IRS990ScheduleA/PublicSupportTotal509Amt03294036
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0680901
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0695900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0654952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0631269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0631014
IRS990ScheduleA/Total509Grp/TotalAmt03294036
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0827634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0812401
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0775592
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0744255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0718650
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03878532
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03230081
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02297163
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05527244
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02844903
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt040030
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03023774
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt070250
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0218402
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt09311
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03174015
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt033435
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02844903
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt058730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-294155
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt09662
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02975808
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt027971
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03174015
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt070850
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0252194
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt011108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02805888
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt018250
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02975808
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt065624
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0225165
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt07871
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02562850
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt022044
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02805888
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt048100
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0276633
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt07539
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0121688
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0567168
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0401763
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0401763
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0437840
IRS990ScheduleD/OtherExpensesIncludedAmt0121688
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07594
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0203091
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0210685
IRS990ScheduleD/OtherRevenueAmt0121688
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.54000
IRS990ScheduleD/RevenueNotReportedAmt0559528
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0786838
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 2023 OR 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 121,688.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 121,688.

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,693,147
Liabilities
$1,850,128
Net assets
$6,843,019
Revenue
$786,838
Expenses
$567,168
Net income
$219,670
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
2023Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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