Civic Intelligence

Glen Oaks Community College Foundation

990 • Fiscal year 2017 • EIN 38-2285489

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 17, 2017

Organization Profilewww.glenoaks.edu
62249 Shimmel RdCentreville, MI 49032

(269) 467-9945

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.16x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$205,087

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 103.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

63rd percentile

8.0%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-16%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$3,199,476

Up $237,938 (+8.0%) from 2016

Net Assets

Up

$3,167,221

Up $205,683 (+6.9%) from 2016

Liabilities

Up

$32,255

Up $32,255 from 2016

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin13th percentile

Revenue

Down

$198,869

Down $38,340 (-16%) from 2016

Expenses

Down

$241,337

Down $21,216 (-8.1%) from 2016

Net Income

Down

-$42,468

Down $17,124 (-68%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,235,447Liabilities 2010: $75,701Net Assets 2010: $2,159,7462010Assets 2011: $2,657,118Liabilities 2011: $83,534Net Assets 2011: $2,573,5842011Assets 2012: $2,624,352Liabilities 2012: $63,341Net Assets 2012: $2,561,0112012Assets 2013: $2,801,086Liabilities 2013: $31,318Net Assets 2013: $2,769,7682013Assets 2014: $3,047,970Liabilities 2014: $15,590Net Assets 2014: $3,032,3802014Assets 2015: $3,006,152Liabilities 2015: $12,547Net Assets 2015: $2,993,6052015Assets 2016: $2,961,538Liabilities 2016: $0Net Assets 2016: $2,961,5382016Assets 2017: $3,199,476Liabilities 2017: $32,255Net Assets 2017: $3,167,2212017Assets 2018: $3,340,943Liabilities 2018: $7,706Net Assets 2018: $3,333,2372018Assets 2019: $3,412,869Liabilities 2019: $25,853Net Assets 2019: $3,387,0162019Assets 2020: $3,345,242Liabilities 2020: $22,851Net Assets 2020: $3,322,3912020Assets 2021: $4,144,859Liabilities 2021: $22,851Net Assets 2021: $4,122,0082021Assets 2022: $3,568,031Liabilities 2022: $3,264Net Assets 2022: $3,564,7672022Assets 2023: $3,849,692Liabilities 2023: $3,264Net Assets 2023: $3,846,4282023Assets 2024: $4,321,973Liabilities 2024: $3,264Net Assets 2024: $4,318,7092024

Highlighted filing

2017

Assets$3,199,476
Liabilities$32,255
Net Assets$3,167,221
Open 2017 Filing

Operations Trend

Revenue Growth15th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $186,2682010Expenses 2011: $169,2412011Expenses 2012: $162,0292012Revenue 2013: $131,985Expenses 2013: $206,545Net Income 2013: -$74,5602013Revenue 2014: $482,912Expenses 2014: $160,401Net Income 2014: $322,5112014Revenue 2015: $128,686Expenses 2015: $204,343Net Income 2015: -$75,6572015Revenue 2016: $237,209Expenses 2016: $262,553Net Income 2016: -$25,3442016Revenue 2017: $198,869Expenses 2017: $241,337Net Income 2017: -$42,4682017Revenue 2018: $340,331Expenses 2018: $239,599Net Income 2018: $100,7322018Revenue 2019: $275,373Expenses 2019: $241,017Net Income 2019: $34,3562019Revenue 2020: $169,379Expenses 2020: $209,677Net Income 2020: -$40,2982020Revenue 2021: $213,139Expenses 2021: $174,206Net Income 2021: $38,9332021Revenue 2022: $326,815Expenses 2022: $241,002Net Income 2022: $85,8132022Revenue 2023: $178,026Expenses 2023: $205,925Net Income 2023: -$27,8992023Revenue 2024: $292,610Expenses 2024: $226,613Net Income 2024: $65,9972024

Highlighted filing

2017

Revenue$198,869
Expenses$241,337
Net Income-$42,468
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 17, 2017
Return Version
2016v3.0
Gross Receipts
$479,409
Mission and Program Overview

Mission

The mission of goccf is to award scholarships and grants to students, faculty and staff members of glen oaks community college, and to maintain and develop the facilities and services of glen oaks community college for broader educational opportunities and services.

Award scholarships to students, provide funding to enhance instructional equipment, campus

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,951,656$3,199,476▲ $247,820
Accounts Receivable$9,882$0▼ $9,882
Total Assets$2,961,538$3,199,476▲ $237,938
Liabilities
Accounts Payable and Accrued Expenses-$32,255-
Total Liabilities$0$32,255▲ $32,255
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,468,455$1,746,892▲ $278,437
Permanently Rstr Net Assets$1,475,073$1,493,115▲ $18,042
Unrestricted Net Assets$18,010$-72,786▼ $90,796
Total Net Assets Fund Balance$2,961,538$3,167,221▲ $205,683
Total Liabilities and Net Assets / Fund Balance$2,961,538$3,199,476▲ $237,938

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,958,140$18,042▲ $283,607-$2,198,788
2016$1,953,189$19,240▲ $26,594-$1,958,140
2015$1,578,336$16,526▲ $46,432-$1,953,189
2014$1,416,751$29,050▲ $162,418-$1,578,335
2013$1,177,717$12,990▲ $279,820-$1,416,751
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
michael r doepresident
ruth r perryvice-president
Anita ShollMember
Bud Malinoskimember
John dressermember
Mary DechowMember
Phyllis YougaMember
Terry ConklinmEMBER
david casterlinemember
dr philip g wardmember
jeffrey h gattonmember
julie a andrewsmember
taylor c snowmember
Dr David DevierSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$109,075
Program Service Revenue
$0
Investment Income
$100,317
Other Revenue
$-10,523
All Other Contributions
$82,391
Change in Net Assets
$-42,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$105,606
Other Expenses$82,333
Salaries, Compensation, and Employee Benefits$53,398
Total Fundraising Expense$28,385
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$68,542--$68,542
Other Salaries and Wages-$35,445$7,781$43,226
Grants to Domestic Orgs$37,064--$37,064
Fees for Service Investment Mgmnt Fees-$14,790$3,246$18,036
Other Employee Benefits-$8,341$1,831$10,172
Fees for Services Accounting-$3,854$846$4,700
Advertising-$3,367$739$4,106
Information Technology-$2,731$599$3,330
Insurance-$1,255$276$1,531
Office Expenses-$1,228$270$1,498
Conferences and Meetings-$612$134$746
Other Expenses-$451$99$550
All Other Expenses-$404$88$492
Travel-$74$16$90
Total Functional Expenses$105,606$107,346$28,385$241,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glen Oaks Community CollegeCenterville, MI115Athletic Scholarship Grant$35,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,723
Fundraising Gross Income$1,200
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$27,884$1,200$3,921$-2,721
Total Events$27,884$1,200$11,723$-10,523
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1

“AN APPOINTMENT OF AN EXECUTIVE COMMITTEE OF THREE OR MORE DIRECTORS, TO SERVE FOR SUCH PURPOSE WITH SUCH AUTHORITY AND FOR SUCH PERIOD OF TIME AS THE BOARD MAY DETERMINE. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE PRESIDENT AND SUCH MEMBERS OF OTHER DIRECTORS AS THE BOARD OF DIRECTORS SHALL DETERMINE. AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE, ALL QUESTIONS SHALL BE DECIDED BY THE VOTE OF A MAJORITY OF THE MEMBERS OF THE COMMITTEE ENTITLED TO VOTE and SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS AT ANY MEETING OF THE EXECUTIVE COMMITTEE.”

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

“The Executive committee or designee are empowered to review the form 990 prior to filing.”

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

“Annually, during the spring meeting, the board members will sign the disclosure statement. If a conflict of interest arises, the individual is not part of the discussion and does not vote.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Glen Oaks Community College Foundation
EIN
38-2285489
Phone
2694679945
Address
62249 Shimmel Rd, Centreville, MI 49032

Signing Officer

Name
Michael R doe
Title
President
Phone
2694679945
Signed
2017-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael R Doe
Formed
1979
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
15

Preparer

Firm
Rehmann Robson LLC
Address
2330 East Paris Ave SE, Grand Rapids, MI 49546
Preparer
Kerry J Nelson CPA
Phone
6169754100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“the process for selecting and overseeing the work of the independent auditor has not changed from prior years.”

Financial Statement Notes

Part V, Line 4:

“The endowment funds are intended to be used as scholarships and grants.”

Part X, Line 2:

“Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however,there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to June 30, 2014.”

Raw XML AppendixShowing 400 of 567 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/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0268817
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0the mission of goccf is to award scholarships and grants to students, faculty and staff members of glen oaks community college, and to maintain and develop the facilities and services of glen oaks community college for broader educational opportunities and services.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02961538
IRS990/NetAssetsOrFundBalancesEOYAmt03167221
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt031559
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031559
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-10523
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-10523
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0248151
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt0270
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01228
IRS990/OfficeExpensesGrp/TotalAmt01498
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01831
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08341
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010172
IRS990/OtherExpensesGrp/Desc0Granted Expense
IRS990/OtherExpensesGrp/Desc1Athletics
IRS990/OtherExpensesGrp/Desc2fund raising expense
IRS990/OtherExpensesGrp/Desc3Dues and subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt05506
IRS990/OtherExpensesGrp/FundraisingAmt12132
IRS990/OtherExpensesGrp/FundraisingAmt24822
IRS990/OtherExpensesGrp/FundraisingAmt399
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025081
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19713
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2451
IRS990/OtherExpensesGrp/TotalAmt030587
IRS990/OtherExpensesGrp/TotalAmt111845
IRS990/OtherExpensesGrp/TotalAmt24822
IRS990/OtherExpensesGrp/TotalAmt3550
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07781
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt035445
IRS990/OtherSalariesAndWagesGrp/TotalAmt043226
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01475073
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01493115
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Michael R Doe
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0178827
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt099082
IRS990/PYInvestmentIncomeAmt074041
IRS990/PYOtherExpensesAmt0110226
IRS990/PYOtherRevenueAmt0-15659
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-25344
IRS990/PYSalariesCompEmpBnftPaidAmt053245
IRS990/PYTotalExpensesAmt0262553
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0237209
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-42468
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0109075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0178827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt058177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064505
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt056166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0466750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt068758
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt074041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt070509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt050440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt075819
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0339567
IRS990ScheduleA/PublicSupportCY170Pct00.51000
IRS990ScheduleA/PublicSupportPY170Pct00.44760
IRS990ScheduleA/PublicSupportTotal170Amt0411254
IRS990ScheduleA/SubstantialContributorsTotAmt055496
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0109075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0178827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt058177
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064505
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt056166
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0466750
IRS990ScheduleA/TotalSupportAmt0806317
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/BeginningYearBalanceAmt01958140
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt018042
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02198788
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt061001
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0283607
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01953189
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt019240
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01958140
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt040883
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026594
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-335811
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01578336
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt016526
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01953189
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt023916
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt046432
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01416751
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt029050
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01578335
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt029883
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0162418
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01177717
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt012990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01416751
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt053776
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0279820
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.46080
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS ARE INTENDED TO BE USED AS SCHOLARSHIPS AND GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however,there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to June 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.53920
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt026684
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt026684
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011723
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0100
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0100
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01710
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027884
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01200
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-10523
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt05992
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt05992
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03921
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03921
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt068542
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/CashGrantAmt035000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,199,476
Liabilities
$32,255
Net assets
$3,167,221
Revenue
$198,869
Expenses
$241,337
Net income
-$42,468
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$0.29$0.23$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$0.18$0.21$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.57$0.00$3.56$0.33$0.24$0.09
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.02$4.12$0.21$0.17$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.35$0.02$3.32$0.17$0.21$0.04
2019Detailed filing. Detailed filing data is available for this year.$3.41$0.03$3.39$0.28$0.24$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.34$0.01$3.33$0.34$0.24$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.20$0.03$3.17$0.20$0.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.24$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.01$0.01$2.99$0.13$0.20$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.05$0.02$3.03$0.48$0.16$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.80$0.03$2.77$0.13$0.21$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.06$2.56$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.66$0.08$2.57$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.08$2.16$0.19