Civic Intelligence

Norfolk State University Research and Innovation Foundation

990 • Fiscal year 2021 • EIN 38-3649338

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 03, 2021

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

96th percentile

1.08x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

4.93x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

33rd percentile

4.6%

Higher net margin than 33% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

40th percentile

$208,917

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

14th percentile

-2.4%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

25th percentile

-2.1%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$25,665,808

Down $627,897 (-2.4%) from 2020

Net Assets

Up

-$1,968,973

Up $1,074,543 (+35%) from 2020

Liabilities

Down

$27,634,781

Down $1,702,440 (-5.8%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin33rd percentile

Revenue

Down

$5,605,532

Down $122,883 (-2.1%) from 2020

Expenses

Up

$5,347,288

Up $78,910 (+1.5%) from 2020

Net Income

Down

$258,244

Down $201,793 (-44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2021

Assets$25,665,808
Liabilities$27,634,781
Net Assets-$1,968,973
Open 2021 Filing

Operations Trend

Revenue Growth25th 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

2021

Revenue$5,605,532
Expenses$5,347,288
Net Income$258,244
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 3, 2021
Return Version
2020v4.1
Gross Receipts
$5,634,772
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$18,972,741$18,081,369▼ $891,372
Savings and Temporary Cash Investments$3,557,739$3,558,601▲ $862
Cash and Non-Interest-Bearing Accounts$3,183,076$3,471,127▲ $288,051
Pledges and Grants Receivable$76,417$57,312▼ $19,105
Prepaid Expenses and Deferred Charges$27,220$23,095▼ $4,125
Accounts Receivable$3,438$1,230▼ $2,208
Total Assets$26,293,705$25,665,808▼ $627,897
Other Assets Total$473,074$473,074→ $0
Liabilities
Tax Exempt Bond Liabilities$26,987,890$26,193,398▼ $794,492
Other Liabilities$2,076,950$1,257,227▼ $819,723
Accounts Payable and Accrued Expenses$267,722$179,497▼ $88,225
Deferred Revenue$4,659$4,659→ $0
Total Liabilities$29,337,221$27,634,781▼ $1,702,440
Net Assets / Fund Balance
Net Assets With Donor Restrictions$76,417$57,312▼ $19,105
Net Assets Without Donor Restrictions$-3,119,933$-2,026,285▲ $1,093,648
Total Net Assets Fund Balance$-3,043,516$-1,968,973▲ $1,074,543
Total Liabilities and Net Assets / Fund Balance$26,293,705$25,665,808▼ $627,897

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,284,176$14,565,108$28,849,284
Equipment$3,622,706$369,650$3,992,356
Leasehold Improvements$101,487$305,306$406,793
Land$73,000-$73,000
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleBaseTotal
Hudnall R CroasdaleBoard Member$208,917$208,917

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
Hudnall CroasdaleConsulting315 29TH STREET UNIT 350, Virginia Beach, VA 23451$208,917
Revenue and Support

Revenue Composition

Contributions and Grants
$1,429,138
Program Service Revenue
$0
Investment Income
$270
Other Revenue
$4,176,124
Change in Net Assets
$258,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,605,532
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$845,049
Total Revenue per Audited Statements
$6,450,581
Total Revenue per Form 990
$5,605,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,594,371
Salaries, Compensation, and Employee Benefits$652,917
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,546,768--$1,546,768
Depreciation Depletion$925,485$18,887-$944,372
Other Salaries and Wages$212,010$70,669-$282,679
Fees for Services Other$205,288$68,429-$273,717
Current Officers, Directors, Trustees, and Key Employees$156,688$52,229-$208,917
Insurance$134,221$44,740-$178,961
Other Employee Benefits$78,272$26,091-$104,363
Grants to Domestic Orgs$100,000--$100,000
Fees for Services Legal$37,948$12,650-$50,598
Payroll Taxes$31,256$10,418-$41,674
Fees for Services Accounting$31,043$10,347-$41,390
Office Expenses$31,988$2,816-$34,804
Information Technology$22,816$7,605-$30,421
Other Expenses$14,387$4,795-$19,182
Pension Plan Contributions$11,463$3,821-$15,284
All Other Expenses$10,588$2,947-$13,535
Travel$4,918$1,639-$6,557
Total Functional Expenses$4,672,582$674,706$0$5,347,288

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,376,038
Expenses per Audited Statements$5,347,288
Total Expenses per Form 990$5,347,288
Expenses Not Reported on Form 990$28,750
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norfolk State UniversityNorfolk, VA-General Operations$100,000
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
Derivative Interest Rate Swap$1,150,143
Accrued Interest$106,956
Due To/from Related Party$128

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANorfolk Redevelopment and Housing Authority2018-06-30$29,775,000Refinancing the construction of student housing building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,775,000-$2,600,000-

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 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
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
2021-12-03
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
0

Preparer

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

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 28,750.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Employee units in expenses on fs but offset rental income in tax return 28,750.”

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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/GainOrLossGrp/OtherAmt0-490
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0100000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0100000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0100000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05634772
IRS990/GrossRentsGrp/RealAmt04204874
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07605
IRS990/InformationTechnologyGrp/ProgramServicesAmt022816
IRS990/InformationTechnologyGrp/TotalAmt030421
IRS990/InsuranceGrp/ManagementAndGeneralAmt044740
IRS990/InsuranceGrp/ProgramServicesAmt0134221
IRS990/InsuranceGrp/TotalAmt0178961
IRS990/InterestGrp/ProgramServicesAmt01546768
IRS990/InterestGrp/TotalAmt01546768
IRS990/InvestmentIncomeGrp/ExclusionAmt0760
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0760
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015240064
IRS990/LandBldgEquipBasisNetGrp/BOYAmt018972741
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018081369
IRS990/LandBldgEquipCostOrOtherBssAmt033321433
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0490
IRS990/LessRentalExpensesGrp/RealAmt028750
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/NetAssetsOrFundBalancesBOYAmt0-3043516
IRS990/NetAssetsOrFundBalancesEOYAmt0-1968973
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-490
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-490
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04176124
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04176124
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0816299
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3119933
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2026285
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02816
IRS990/OfficeExpensesGrp/ProgramServicesAmt031988
IRS990/OfficeExpensesGrp/TotalAmt034804
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0473074
IRS990/OtherAssetsTotalGrp/EOYAmt0473074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt026091
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt078272
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0104363
IRS990/OtherExpensesGrp/Desc0EQUIPMENT REPAIRS AND M
IRS990/OtherExpensesGrp/Desc1UTLITIES
IRS990/OtherExpensesGrp/Desc2COVID RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0197475
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1139148
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24795
IRS990/OtherExpensesGrp/ProgramServicesAmt0592425
IRS990/OtherExpensesGrp/ProgramServicesAmt1417444
IRS990/OtherExpensesGrp/ProgramServicesAmt2107574
IRS990/OtherExpensesGrp/ProgramServicesAmt314387
IRS990/OtherExpensesGrp/TotalAmt0789900
IRS990/OtherExpensesGrp/TotalAmt1556592
IRS990/OtherExpensesGrp/TotalAmt2107574
IRS990/OtherExpensesGrp/TotalAmt319182
IRS990/OtherLiabilitiesGrp/BOYAmt02076950
IRS990/OtherLiabilitiesGrp/EOYAmt01257227
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070669
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0212010
IRS990/OtherSalariesAndWagesGrp/TotalAmt0282679
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010418
IRS990/PayrollTaxesGrp/ProgramServicesAmt031256
IRS990/PayrollTaxesGrp/TotalAmt041674
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03821
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011463
IRS990/PensionPlanContributionsGrp/TotalAmt015284
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt076417
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt057312
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023095
IRS990/PrincipalOfficerNm0HUDNALL R CROASDALE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016917
IRS990/PYInvestmentIncomeAmt01070
IRS990/PYOtherExpensesAmt04625197
IRS990/PYOtherRevenueAmt05727345
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0460037
IRS990/PYSalariesCompEmpBnftPaidAmt0626264
IRS990/PYTotalExpensesAmt05268378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05728415
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0258244
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt01429138
IRS990/RentalIncomeOrLossGrp/RealAmt04176124
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04176124
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03557739
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03558601
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BAD DEBT RECOVERY - 2018 AMOUNT: $ 1,258. 2019 AMOUNT: $ 3,754. OTHER INCOME - 2016 AMOUNT: $ 1,031. 2018 AMOUNT: $ 350.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01429138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01460452
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0760
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01070
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04273
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04204874
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05758491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05674972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05393652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04931043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt025963032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0760
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0548
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04273
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03754
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01608
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01031
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06393
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt027423484
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05634012
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05758491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05706286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05393652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04931043
IRS990ScheduleA/Total509Grp/TotalAmt027423484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05634772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05763315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05709767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05394200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04932096
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt027434150
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/BuildingsGrp/BookValueAmt014284176
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014565108
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028849284
IRS990ScheduleD/EquipmentGrp/BookValueAmt03622706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0369650
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03992356
IRS990ScheduleD/ExpensesNotReportedAmt028750
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05347288
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt073000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt073000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0101487
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0305306
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0406793
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0816299
IRS990ScheduleD/OtherExpensesIncludedAmt028750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01150143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106956
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DERIVATIVE INTEREST RATE SWAP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,665,808
Liabilities
$27,634,781
Net assets
-$1,968,973
Revenue
$5,605,532
Expenses
$5,347,288
Net income
$258,244
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