Civic Intelligence

Norfolk State University Research and Innovation Foundation

990 • Fiscal year 2019 • EIN 38-3649338

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Organization ProfileNSURIF.ORG
700 Park Avenue Bmh A-105 No 410Norfolk, VA 23504

(757) 823-2704

Siviq Scores

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

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

5.21x

Higher debt load relative to revenue than 94% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

62nd percentile

7.0%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$185,086

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

31st percentile

-0.1%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

14th percentile

-19%

Faster revenue growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$26,529,861

Down $17,732 (-0.1%) from 2018

Net Assets

Down

-$3,034,052

Down $465,403 (-18%) from 2018

Liabilities

Up

$29,563,913

Up $447,671 (+1.5%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin62nd percentile

Revenue

Down

$5,676,477

Down $1,295,893 (-19%) from 2018

Expenses

Down

$5,279,315

Down $3,437 (-0.1%) from 2018

Net Income

Down

$397,162

Down $1,292,456 (-76%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$40M$20M$0-$20MAssets 2010: $33,038,353Liabilities 2010: $37,103,146Net Assets 2010: -$4,064,7932010Assets 2011: $32,366,403Liabilities 2011: $35,857,757Net Assets 2011: -$3,491,3542011Assets 2012: $31,592,721Liabilities 2012: $36,421,471Net Assets 2012: -$4,828,7502012Assets 2013: $31,009,868Liabilities 2013: $34,907,010Net Assets 2013: -$3,897,1422013Assets 2014: $30,024,942Liabilities 2014: $33,978,360Net Assets 2014: -$3,953,4182014Assets 2015: $28,601,348Liabilities 2015: $32,477,381Net Assets 2015: -$3,876,0332015Assets 2016: $28,004,278Liabilities 2016: $31,789,331Net Assets 2016: -$3,785,0532016Assets 2017: $26,114,491Liabilities 2017: $29,814,799Net Assets 2017: -$3,700,3082017Assets 2018: $26,547,593Liabilities 2018: $29,116,242Net Assets 2018: -$2,568,6492018Assets 2019: $26,529,861Liabilities 2019: $29,563,913Net Assets 2019: -$3,034,0522019Assets 2020: $26,293,705Liabilities 2020: $29,337,221Net Assets 2020: -$3,043,5162020Assets 2021: $25,665,808Liabilities 2021: $27,634,781Net Assets 2021: -$1,968,9732021Assets 2022: $25,278,732Liabilities 2022: $25,562,867Net Assets 2022: -$284,1352022Assets 2023: $25,804,421Liabilities 2023: $24,632,566Net Assets 2023: $1,171,8552023Assets 2024: $27,153,812Liabilities 2024: $25,590,489Net Assets 2024: $1,563,3232024

Highlighted filing

2019

Assets$26,529,861
Liabilities$29,563,913
Net Assets-$3,034,052
Open 2019 Filing

Operations Trend

Revenue Growth14th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,213,2802010Expenses 2011: $4,698,4102011Expenses 2012: $4,821,7752012Revenue 2013: $4,624,730Expenses 2013: $4,851,440Net Income 2013: -$226,7102013Revenue 2014: $4,426,834Expenses 2014: $5,057,393Net Income 2014: -$630,5592014Revenue 2015: $4,437,691Expenses 2015: $5,334,548Net Income 2015: -$896,8572015Revenue 2016: $4,903,049Expenses 2016: $5,143,557Net Income 2016: -$240,5082016Revenue 2017: $4,875,903Expenses 2017: $5,195,857Net Income 2017: -$319,9542017Revenue 2018: $6,972,370Expenses 2018: $5,282,752Net Income 2018: $1,689,6182018Revenue 2019: $5,676,477Expenses 2019: $5,279,315Net Income 2019: $397,1622019Revenue 2020: $5,728,415Expenses 2020: $5,268,378Net Income 2020: $460,0372020Revenue 2021: $5,605,532Expenses 2021: $5,347,288Net Income 2021: $258,2442021Revenue 2022: $5,808,933Expenses 2022: $5,408,267Net Income 2022: $400,6662022Revenue 2023: $6,046,806Expenses 2023: $5,797,625Net Income 2023: $249,1812023Revenue 2024: $6,228,181Expenses 2024: $5,697,619Net Income 2024: $530,5622024

Highlighted filing

2019

Revenue$5,676,477
Expenses$5,279,315
Net Income$397,162
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$5,709,767
Mission and Program Overview

Mission

To provide brands and services that promote applied research and technological innovations that, in turn, contribute positively to the economic strength of the hampton roads region and the commonwealth of virginia.

The mission of the foundation is to provide brands and services that promote applied research and technological innovations that, in turn, contribute positively to the economic strength of the hampton roads region and the commonwealth of virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,967,499$19,626,243▼ $341,256
Savings and Temporary Cash Investments$3,178,415$3,569,777▲ $391,362
Cash and Non-Interest-Bearing Accounts$2,889,646$2,741,448▼ $148,198
Pledges and Grants Receivable-$76,417-
Prepaid Expenses and Deferred Charges$26,230$36,404▲ $10,174
Accounts Receivable$12,729$6,498▼ $6,231
Total Assets$26,547,593$26,529,861▼ $17,732
Other Assets Total$473,074$473,074→ $0
Liabilities
Tax Exempt Bond Liabilities$28,256,874$27,672,382▼ $584,492
Other Liabilities$693,296$1,610,499▲ $917,203
Accounts Payable and Accrued Expenses$164,297$278,349▲ $114,052
Deferred Revenue$1,775$2,683▲ $908
Total Liabilities$29,116,242$29,563,913▲ $447,671
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$76,417-
Unrestricted Net Assets$-2,568,649$-3,110,469▼ $541,820
Total Net Assets Fund Balance$-2,568,649$-3,034,052▼ $465,403
Total Liabilities and Net Assets / Fund Balance$26,547,593$26,529,861▼ $17,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,687,499$12,896,918$28,584,417
Equipment$3,493,061$318,443$3,811,504
Leasehold Improvements$372,683$34,110$406,793
Land$73,000-$73,000
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleBaseTotal
Hudnall R CroasdaleBoard Member$185,086$185,086

Board Members and Trustees

NameTitle
Tracy GregorioChair
Dr Leroy HamiltonVice Chair
Bk FultonBoard Member
Joseph L Temple JrBoard Member
Marty KaszubowskiBoard Member
Rodney JordanBoard Member
Samuel a Nixon JrBoard Member
Wayne JonesBoard Member
Keith BasilSecretary
Doyle a TempleTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Capstone On-campus Management LLCConsulting315 29TH STREET UNIT 350, Virginia Beach, VA 23451$185,086
-Management431 OFFICE PARK DRIVE, Birmingham, AL 35223$126,000
Revenue and Support

Revenue Composition

Contributions and Grants
$31,314
Program Service Revenue
$0
Investment Income
$1,873
Other Revenue
$5,643,290
All Other Contributions
$31,314
Change in Net Assets
$397,162

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,675,219
Revenue Not Reported on Financial Statements
$1,258
Revenue Not Reported on Form 990
$-829,275
Other Revenue Adjustments
$1,258
Total Revenue per Audited Statements
$4,845,944
Total Revenue per Form 990
$5,676,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,826,218
Salaries, Compensation, and Employee Benefits$433,930
Grants and Similar Amounts Paid$19,167
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,429,922--$1,429,922
Depreciation Depletion$952,541$18,744-$971,285
Fees for Services Other$382,544$127,515-$510,059
Current Officers, Directors, Trustees, and Key Employees$138,815$46,271-$185,086
Other Salaries and Wages$90,038$30,014-$120,052
Insurance$86,105$28,702-$114,807
Other Employee Benefits$56,727$18,909-$75,636
Fees for Services Legal$44,954$14,984-$59,938
Office Expenses$34,015$9,112-$43,127
Payroll Taxes$30,353$10,117-$40,470
Information Technology$23,413$7,804-$31,217
Fees for Services Accounting$18,894$6,298-$25,192
Grants to Domestic Orgs$19,167--$19,167
Pension Plan Contributions$9,515$3,171-$12,686
Travel$4,891$1,630-$6,521
Advertising$2,287$762-$3,049
Other Expenses$280$5,119-$280
Total Functional Expenses$4,547,577$731,738$0$5,279,315

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,311,347
Total Expenses per Form 990$5,279,315
Expenses per Audited Statements$5,278,057
Expenses Not Reported on Form 990$33,290
Expenses Not Reported on Financial Statements$1,258
Other Expense Adjustments$1,258
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
757 Accelerate IncVirginia Beach, VA501(c)(3)General Support$16,667
Norfolk State UniversityNorfolk, VA-Green and Gold Ball$2,500
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

Other Reported Liabilities

LiabilityAmount
Value of Interest Rate Swap$1,496,941
Accrued Interest$113,430
Due to Related Parties$128

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANorfolk Redevelopment and Housing Authority2018-06-30$29,465,000Refinancing the construction of student housing building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,465,000-$970,000-

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
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 8B

“The board of directors is the governing body of the foundation.”

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

“The fiscal officer will review the 990. All board members will be presented with the 990 by the foundation staff. The entire board reviews the 990 but only the finance and audit committee members are required to approve. After review of the tax return, the cpa auditor will be provided a statement indicating the 990 has been reviewed and approved.”

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

“Each new responsible person shall be required to review a copy of this policy and to acknowledge in writing that he or she has done so. Each responsible person shall annually complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. Such relationships, positions, or circumstances might include service as a director of or consultant to a nonprofit organization, or ownership of a business that might provide goods or services to the foundation. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the chair, the executive director, and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy. This policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all responsible persons.”

Form 990, Part VI, Section C, Line 19

“The only group that receives the financial statements is norfolk state university. The university then provides the financial statements to the state of virginia for nsu's auditing purposes. Other than the audited financial statement given to nsu, the foundation does not provide information to the public, unless requested.”

Filing and Contact Details

Filer

Filer Name
Norfolk State University
EIN
38-3649338
Phone
7578232704
Address
700 PARK AVENUE BMH A-105 NO 410, NORFOLK, VA 23504

Signing Officer

Name
Hudnall R Croasdale
Title
Officer
Phone
7578232704
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hudnall R Croasdale
Formed
2001
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Pbmares Llp
Address
150 BOUSH STREET SUITE 400, NORFOLK, VA 23510
Preparer
Jennifer N French
Phone
7576274644
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The board of directors is responsible for hiring the independent auditor annually.”

Financial Statement Notes

PART X, LINE 2:

“Income tax status: the foundation is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and the tax statutes of the commonwealth of virginia; accordingly, the accompanying consolidated financial statements do not reflect a provision or liability for federal and state income taxes. Financial accounting standards board (fasb) accounting standards codification (asc) topic 740, income taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The foundation's management has evaluated the impact of the standard to its consolidated financial statements. The foundation's income tax returns are subject to examination by taxing authorities, generally for a period of three years from the date the returns are filed. The foundation's policy is to classify income tax related interest and penalties in interest expense and other expenses, respectively.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Employee units in expenses on fs but offset net rental income in tax return 33,290.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY 1,258.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Employee units in expenses on fs but offset rental income in tax return 33,290.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY 1,258.”

Raw XML AppendixShowing 400 of 697 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/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt019167
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt019167
IRS990/GrantsToDomesticOrgsGrp/TotalAmt019167
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05709767
IRS990/GrossRentsGrp/RealAmt05674972
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07804
IRS990/InformationTechnologyGrp/ProgramServicesAmt023413
IRS990/InformationTechnologyGrp/TotalAmt031217
IRS990/InsuranceGrp/ManagementAndGeneralAmt028702
IRS990/InsuranceGrp/ProgramServicesAmt086105
IRS990/InsuranceGrp/TotalAmt0114807
IRS990/InterestGrp/ProgramServicesAmt01429922
IRS990/InterestGrp/TotalAmt01429922
IRS990/InvestmentIncomeGrp/ExclusionAmt01873
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01873
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013249471
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019967499
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019626243
IRS990/LandBldgEquipCostOrOtherBssAmt032875714
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt033290
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE BRANDS AND SERVICES THAT PROMOTE APPLIED RESEARCH AND TECHNOLOGICAL INNOVATIONS THAT, IN TURN, CONTRIBUTE POSITIVELY TO THE ECONOMIC STRENGTH OF THE HAMPTON ROADS REGION AND THE COMMONWEALTH OF VIRGINIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-2568649
IRS990/NetAssetsOrFundBalancesEOYAmt0-3034052
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05641682
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05641682
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-938982
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09112
IRS990/OfficeExpensesGrp/ProgramServicesAmt034015
IRS990/OfficeExpensesGrp/TotalAmt043127
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0473074
IRS990/OtherAssetsTotalGrp/EOYAmt0473074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018909
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt056727
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075636
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/Desc2STAFF RETENTION AND REC
IRS990/OtherExpensesGrp/Desc3OTHER TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0214676
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1187910
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25119
IRS990/OtherExpensesGrp/ProgramServicesAmt0644027
IRS990/OtherExpensesGrp/ProgramServicesAmt1563732
IRS990/OtherExpensesGrp/ProgramServicesAmt215357
IRS990/OtherExpensesGrp/ProgramServicesAmt3280
IRS990/OtherExpensesGrp/TotalAmt0858703
IRS990/OtherExpensesGrp/TotalAmt1751642
IRS990/OtherExpensesGrp/TotalAmt220476
IRS990/OtherExpensesGrp/TotalAmt3280
IRS990/OtherLiabilitiesGrp/BOYAmt0693296
IRS990/OtherLiabilitiesGrp/EOYAmt01610499
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherRevenueMiscGrp/BusinessCd0909999
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1TURNAROUND INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01258
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1350
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01258
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1350
IRS990/OtherRevenueTotalAmt01608
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030014
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090038
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120052
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010117
IRS990/PayrollTaxesGrp/ProgramServicesAmt030353
IRS990/PayrollTaxesGrp/TotalAmt040470
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03171
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09515
IRS990/PensionPlanContributionsGrp/TotalAmt012686
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt076417
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026230
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036404
IRS990/PrincipalOfficerNm0HUDNALL R CROASDALE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016667
IRS990/PYInvestmentIncomeAmt0548
IRS990/PYOtherExpensesAmt05266085
IRS990/PYOtherRevenueAmt06971822
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01689618
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05282752
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06972370
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0397162
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05641682
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05643290
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03178415
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03569777
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INTERNET SERVICE INCOME - OTHER INCOME - 2016 AMOUNT: $ 1,031. 2018 AMOUNT: $ 350.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt031314
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02510
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05674972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05393652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04931043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04989438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04598659
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025587764
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0548
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02510
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0350
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01031
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01381
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99980
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt025619078
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05706286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05393652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04931043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04989438
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04598659
IRS990ScheduleA/Total509Grp/TotalAmt025619078
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05708509
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05394200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04932096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04989455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04598709
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt025622969
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt015687499
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012896918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028584417
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt076417
IRS990ScheduleD/EquipmentGrp/BookValueAmt03493061
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0318443
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03811504
IRS990ScheduleD/ExpensesNotReportedAmt033290
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01258
IRS990ScheduleD/ExpensesSubtotalAmt05278057
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt073000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt073000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0372683
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034110
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0406793
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-938982
IRS990ScheduleD/OtherExpensesIncludedAmt033290
IRS990ScheduleD/OtherExpensesNotIncludedAmt01258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01496941
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1113430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0VALUE OF INTEREST RATE SWAP

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,529,861
Liabilities
$29,563,913
Net assets
-$3,034,052
Revenue
$5,676,477
Expenses
$5,279,315
Net income
$397,162
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.2$25.6$1.56$6.23$5.70$0.53
2023Detailed filing. Detailed filing data is available for this year.$25.8$24.6$1.17$6.05$5.80$0.25
2022Detailed filing. Detailed filing data is available for this year.$25.3$25.6$0.28$5.81$5.41$0.40
2021Detailed filing. Detailed filing data is available for this year.$25.7$27.6$1.97$5.61$5.35$0.26
2020Detailed filing. Detailed filing data is available for this year.$26.3$29.3$3.04$5.73$5.27$0.46
2019Detailed filing. Detailed filing data is available for this year.$26.5$29.6$3.03$5.68$5.28$0.40
2018Detailed filing. Detailed filing data is available for this year.$26.5$29.1$2.57$6.97$5.28$1.69
2017Detailed filing. Detailed filing data is available for this year.$26.1$29.8$3.70$4.88$5.20$0.32
2016Detailed filing. Detailed filing data is available for this year.$28.0$31.8$3.79$4.90$5.14$0.24
2015Detailed filing. Detailed filing data is available for this year.$28.6$32.5$3.88$4.44$5.33$0.90
2014Detailed filing. Detailed filing data is available for this year.$30.0$34.0$3.95$4.43$5.06$0.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$34.9$3.90$4.62$4.85$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.6$36.4$4.83$4.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.4$35.9$3.49$4.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.0$37.1$4.06$5.21