Civic Intelligence

Richard U Light Foundation

990 • Fiscal year 2020 • EIN 38-2456949

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 09, 2020

Organization ProfileN/A
350 East Michigan Ave Ste 500Kalamazoo, MI 49007

(269) 381-0266

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

81st percentile

24%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

62nd percentile

10%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Up

$68,239,037

Up $6,362,599 (+10%) from 2019

Net Assets

Up

$68,239,037

Up $6,362,599 (+10%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin81st percentile

Revenue

Down

$1,348,895

Down $4,420,224 (-77%) from 2019

Expenses

Down

$1,021,192

Down $1,093,976 (-52%) from 2019

Net Income

Down

$327,703

Down $3,326,248 (-91%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$100M$50M$0Assets 2010: $65,510,635Liabilities 2010: $0Net Assets 2010: $65,510,6352010Assets 2011: $67,008,411Liabilities 2011: $0Net Assets 2011: $67,008,4112011Assets 2012: $73,444,237Liabilities 2012: $0Net Assets 2012: $73,444,2372012Assets 2013: $44,540,682Liabilities 2013: $0Net Assets 2013: $44,540,6822013Assets 2014: $46,090,636Liabilities 2014: $0Net Assets 2014: $46,090,6362014Assets 2015: $47,630,847Liabilities 2015: $0Net Assets 2015: $47,630,8472015Assets 2016: $46,171,027Liabilities 2016: $0Net Assets 2016: $46,171,0272016Assets 2017: $49,328,965Liabilities 2017: $0Net Assets 2017: $49,328,9652017Assets 2018: $55,560,805Liabilities 2018: $0Net Assets 2018: $55,560,8052018Assets 2019: $61,876,438Liabilities 2019: $0Net Assets 2019: $61,876,4382019Assets 2020: $68,239,037Liabilities 2020: $0Net Assets 2020: $68,239,0372020Assets 2021: $85,884,105Liabilities 2021: $0Net Assets 2021: $85,884,1052021Assets 2022: $629,730Liabilities 2022: $0Net Assets 2022: $629,7302022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$68,239,037
Liabilities$0
Net Assets$68,239,037
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

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

$100M$50M$0-$50MExpenses 2010: $3,136,5582010Expenses 2011: $3,014,5792011Expenses 2012: $3,092,4422012Revenue 2013: $3,890,460Expenses 2013: $46,170,676Net Income 2013: -$42,280,2162013Revenue 2014: $3,360,313Expenses 2014: $1,032,274Net Income 2014: $2,328,0392014Revenue 2015: $3,932,043Expenses 2015: $1,630,858Net Income 2015: $2,301,1852015Revenue 2016: $3,472,594Expenses 2016: $1,838,105Net Income 2016: $1,634,4892016Revenue 2017: $264,362Expenses 2017: $1,941,970Net Income 2017: -$1,677,6082017Revenue 2018: $3,947,262Expenses 2018: $2,132,735Net Income 2018: $1,814,5272018Revenue 2019: $5,769,119Expenses 2019: $2,115,168Net Income 2019: $3,653,9512019Revenue 2020: $1,348,895Expenses 2020: $1,021,192Net Income 2020: $327,7032020Revenue 2021: $12,217,550Expenses 2021: $1,162,813Net Income 2021: $11,054,7372021Revenue 2022: $25,417,215Expenses 2022: $73,691,709Net Income 2022: -$48,274,4942022Revenue 2023: $18,781Expenses 2023: $648,511Net Income 2023: -$629,7302023

Highlighted filing

2020

Revenue$1,348,895
Expenses$1,021,192
Net Income$327,703
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 9, 2020
Return Version
2019v5.1
Gross Receipts
$3,415,952
Mission and Program Overview

Mission

To promote the education of young men and young women and provide financial assistance to enable needy individuals to secure an education.

To promote the education of young men and women and provide financial assistance to enable needy individuals to secure an education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$44,003,595$49,323,176▲ $5,319,581
Investments Other Securities$16,329,202$17,489,878▲ $1,160,676
Savings and Temporary Cash Investments$1,543,641$1,425,983▼ $117,658
Total Assets$61,876,438$68,239,037▲ $6,362,599
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$61,876,438$68,239,037▲ $6,362,599
Total Net Assets Fund Balance$61,876,438$68,239,037▲ $6,362,599
Total Liabilities and Net Assets / Fund Balance$61,876,438$68,239,037▲ $6,362,599

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$3,670,230--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$61,876,438-▲ $7,383,791$21,700$68,239,037
2019$55,560,805-▲ $8,430,781$21,700$61,876,438
2018$49,328,965-▲ $8,364,575$24,859$55,560,805
2017$46,171,027-▲ $5,099,908$24,512$49,328,965
2016$47,630,577-▲ $378,555$22,985$46,171,027
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Barbara J ParishVP/treasurer$18,413$18,413
Stephen M DenenfeldSecretary$15,260$15,260

Board Members and Trustees

NameTitle
Timothy LightPresident

Highest Paid Contractors

ContractorServicesLocationCompensation
William Blair & Company LLCInvestment Managemen222 WEST ADAMS STREET, Chicago, IL 60606$219,873
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,348,895
Other Revenue
$0
Change in Net Assets
$327,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$692,781
Other Expenses$252,988
Salaries, Compensation, and Employee Benefits$75,423
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$692,781--$692,781
Fees for Service Investment Mgmnt Fees-$219,873-$219,873
Comp Disqual Persons$20,875$20,875-$41,750
Current Officers, Directors, Trustees, and Key Employees$23,571$10,102-$33,673
Fees for Services Legal$6,132$6,131-$12,263
Fees for Services Accounting-$10,125-$10,125
Other Expenses-$9,076-$9,076
Office Expenses$825$826-$1,651
Total Functional Expenses$744,184$277,008$0$1,021,192
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Yale UniversityNew Haven, CT501(c)3Program Support of the Richard U. Light Fellowship Program at Yale University. the Program Provides Assistance to Yale Undergraduate, Graduate, and Professional School Students Pursuing Intensive Language Study in East Asia.$692,781
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

“The board of trustees reviews the form 990 in draft form prior to it being finalized and filed.”

Form 990, Part VI, Section B, Line 15

“The compensation of trustees and officers shall be an annual stipend of two thousand dollars plus an hourly rate as the board of trustees determine to be the average hourly rate for professional services in the area of kalamazoo, michigan, as determined by the board of trustees on or about the date of the annual meeting of the board of trustees every three calendar years beginning january 1, 2007.”

Form 990, Part VI, Section C, Line 19

“All are available upon request.”

Filing and Contact Details

Filer

Filer Name
Richard U Light Foundation
EIN
38-2456949
Phone
2693810266
Address
350 EAST MICHIGAN AVE STE 500, KALAMAZOO, MI 49007

Signing Officer

Name
Barbara J Parish
Title
Vice President/treasurer
Phone
2693810266
Signed
2020-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara J Parish
Formed
1982
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Vicki L Vandenberg CPA
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There has been no change in process since prior year.”

Raw XML AppendixShowing 400 of 469 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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IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0692781
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt01980250
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt034.980000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0692781
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0692781
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION HAS A "CLOSE AND CONTINUOUS WORKING RELATIONSHIP" WITH THE SUPPORTED ORGANIZATION, NAMELY YALE UNIVERSITY. SPECIFICALLY, FOUNDATION TRUSTEES MEET WITH REPRESENTATIVES FROM YALE UNIVERSITY AT LEAST ANNUALLY, AND OVER THE COURSE OF EACH YEAR, ROUTINELY COMMUNICATE BY EMAIL AND BY TELEPHONE. THESE MEETINGS AND COMMUNICATIONS CONCERN THE USE OF FUNDS DISTRIBUTED FROM THE FOUNDATION TO YALE UNIVERSITY, AND SPECIFICALLY HOW THOSE FUNDS ARE ALLOCATED FOR PURPOSES OF THE LIGHT FELLOWSHIP PROGRAM. THE FOUNDATION TRUSTEES ANNUALLY RECEIVE DETAILED INFORMATION REGARDING THE IDENTITY, ACCOMPLISHMENTS AND GOALS OF THE STUDENTS NAMED AS LIGHT FELLOWS, RECEIVE INFORMATION ABOUT THE COURSE OF STUDY OF THOSE STUDENTS, AS WELL AS FINANCIAL INFORMATION REGARDING THE ADMINISTRATION OF THE LIGHT FELLOWSHIP PROGRAM. THE LEVEL OF COMMUNICATION, THE DETAIL OF THE INFORMATION PROVIDED, AND THE FACT THAT THIS PROGRAM HAS BEEN ONGOING SINCE 1996, ALL CLEARLY ILLUSTRATE THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1BY REASON OF THE CLOSE AND CONTINUOUS WORKING RELATIONSHIP BETWEEN THE FOUNDATION AND YALE UNIVERSITY, YALE UNIVERSITY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS. BECAUSE YALE UNIVERSITY IS THE SOLE SUPPORTED ORGANIZATION FOR THE FOUNDATION, IT MUST WORK CLOSELY WITH YALE UNIVERSITY TO MEET DISTRIBUTION GOALS, AND ACCORDINGLY, MUST INVEST IN ORDER TO ATTAIN THOSE GOALS, IN A MANNER THAT WILL ENABLE YALE UNIVERSITY TO PROPERLY ADMINISTER THE LIGHT FELLOWSHIP PROGRAM. BECAUSE OF THIS LEVEL OF INTERACTION, COMMUNICATION AND COLLABORATION, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENTS. MOREOVER, BECAUSE THE FOUNDATION AND YALE UNIVERSITY WORK CLOSELY IN DEVELOPING PROGRAMMING FOR THE LIGHT FELLOWSHIP PROGRAM, YALE UNIVERSITY EFFECTIVELY HAS A SIGNIFICANT VOICE IN DIRECTING THE USE OF THE FOUNDATION'S INCOME AND ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV - SECTION D - QUESTION 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV - SECTION D - QUESTION 3
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt064054179
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt057440180
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt01153390
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt02128644
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt062900789
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt055311536
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0960813
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0861603
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt063093366
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt056578577
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt02208268
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt01980250
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt064054179
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt057440180
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt02208268
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt01980250
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0060646973
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0692781
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0YALE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0692781
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0306711
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt061876438
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt068239037
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0692781
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt07383791
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt021700
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0291511
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt055560805
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt061876438
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01801937
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08430781
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt021700
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0303075
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt049328965
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt055560805
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01804801
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08364575
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt024859
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0230831
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt046171027
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt049328965
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01686627
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05099908
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt024512
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0223448
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt047630577
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt046171027
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01591672
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0378555
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt022985
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt013819648
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13670230
IRS990ScheduleD/OtherSecuritiesGrp/Desc0WILLIAM BLAIR BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VISA INC-CLASS A SHARES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.24800
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.75200
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt017489878
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0692781
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT OF THE RICHARD U. LIGHT FELLOWSHIP PROGRAM AT YALE UNIVERSITY. THE PROGRAM PROVIDES ASSISTANCE TO YALE UNDERGRADUATE, GRADUATE, AND PROFESSIONAL SCHOOL STUDENTS PURSUING INTENSIVE LANGUAGE STUDY IN EAST ASIA.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YALE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0060646973
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0149 ELM STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW HAVEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0065200000
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DURING SEPTEMBER 2020, THE FOUNDATION TRANSFERRED $1,000,000 OF FUNDS TO THE ACCOUNT SET ASIDE FOR YALE UNIVERSITY. THESE FUNDS WERE APPROVED TO BE SET ASIDE FOR DISTRIBUTION TO YALE UNIVERSITY FOR THE FISCAL YEAR ENDED JUNE 30, 2020, BUT THEY WERE NOT TRANSFERRED FROM THE FOUNDATION'S INVESTMENTS TO THE YALE UNIVERSITY SET-ASIDE ACCOUNT UNTIL SEPTEMBER 2020.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1, COLUMN (E):
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF TRUSTEES REVIEWS THE FORM 990 IN DRAFT FORM PRIOR TO IT BEING FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPENSATION OF TRUSTEES AND OFFICERS SHALL BE AN ANNUAL STIPEND OF TWO THOUSAND DOLLARS PLUS AN HOURLY RATE AS THE BOARD OF TRUSTEES DETERMINE TO BE THE AVERAGE HOURLY RATE FOR PROFESSIONAL SERVICES IN THE AREA OF KALAMAZOO, MICHIGAN, AS DETERMINED BY THE BOARD OF TRUSTEES ON OR ABOUT THE DATE OF THE ANNUAL MEETING OF THE BOARD OF TRUSTEES EVERY THREE CALENDAR YEARS BEGINNING JANUARY 1, 2007.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAS BEEN NO CHANGE IN PROCESS SINCE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$68,239,037
Liabilities
$0
Net assets
$68,239,037
Revenue
$1,348,895
Expenses
$1,021,192
Net income
$327,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.65$0.63
2022Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$25.4$73.7$48.3
2021Detailed filing. Detailed filing data is available for this year.$85.9$0.00$85.9$12.2$1.16$11.1
2020Detailed filing. Detailed filing data is available for this year.$68.2$0.00$68.2$1.35$1.02$0.33
2019Detailed filing. Detailed filing data is available for this year.$61.9$0.00$61.9$5.77$2.12$3.65
2018Detailed filing. Detailed filing data is available for this year.$55.6$0.00$55.6$3.95$2.13$1.81
2017Detailed filing. Detailed filing data is available for this year.$49.3$0.00$49.3$0.26$1.94$1.68
2016Detailed filing. Detailed filing data is available for this year.$46.2$0.00$46.2$3.47$1.84$1.63
2015Detailed filing. Detailed filing data is available for this year.$47.6$0.00$47.6$3.93$1.63$2.30
2014Summary only. Only limited summary data is available for this year.$46.1$0.00$46.1$3.36$1.03$2.33
2013Summary only. Only limited summary data is available for this year.$44.5$0.00$44.5$3.89$46.2$42.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.4$0.00$73.4$3.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$67.0$0.00$67.0$3.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.5$0.00$65.5$3.14