Civic Intelligence

Norfolk State University Research and Innovation Foundation

990 • Fiscal year 2020 • EIN 38-3649338

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 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

1.12x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

5.12x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

61st percentile

8.0%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$189,566

Higher top officer pay than 33% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

22nd percentile

-0.9%

Faster asset growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

0.9%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$26,293,705

Down $236,156 (-0.9%) from 2019

Net Assets

Down

-$3,043,516

Down $9,464 (-0.3%) from 2019

Liabilities

Down

$29,337,221

Down $226,692 (-0.8%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin61st percentile

Revenue

Up

$5,728,415

Up $51,938 (+0.9%) from 2019

Expenses

Down

$5,268,378

Down $10,937 (-0.2%) from 2019

Net Income

Up

$460,037

Up $62,875 (+16%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth22nd 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

2020

Assets$26,293,705
Liabilities$29,337,221
Net Assets-$3,043,516
Open 2020 Filing

Operations Trend

Revenue Growth45th 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

2020

Revenue$5,728,415
Expenses$5,268,378
Net Income$460,037
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$5,763,315
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$19,626,243$18,972,741▼ $653,502
Savings and Temporary Cash Investments$3,569,777$3,557,739▼ $12,038
Cash and Non-Interest-Bearing Accounts$2,741,448$3,183,076▲ $441,628
Pledges and Grants Receivable$76,417$76,417→ $0
Prepaid Expenses and Deferred Charges$36,404$27,220▼ $9,184
Accounts Receivable$6,498$3,438▼ $3,060
Total Assets$26,529,861$26,293,705▼ $236,156
Other Assets Total$473,074$473,074→ $0
Liabilities
Tax Exempt Bond Liabilities$27,672,382$26,987,890▼ $684,492
Other Liabilities$1,610,499$2,076,950▲ $466,451
Accounts Payable and Accrued Expenses$278,349$267,722▼ $10,627
Deferred Revenue$2,683$4,659▲ $1,976
Total Liabilities$29,563,913$29,337,221▼ $226,692
Net Assets / Fund Balance
Net Assets With Donor Restrictions$76,417$76,417→ $0
Net Assets Without Donor Restrictions$-3,110,469$-3,119,933▼ $9,464
Total Net Assets Fund Balance$-3,034,052$-3,043,516▼ $9,464
Total Liabilities and Net Assets / Fund Balance$26,529,861$26,293,705▼ $236,156

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,880,816$13,803,387$28,684,203
Equipment$3,781,840$344,393$4,126,233
Leasehold Improvements$237,085$169,708$406,793
Land$73,000-$73,000
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleBaseTotal
Hudnall R CroasdaleBoard Member$189,566$189,566

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$189,567
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,070
Other Revenue
$5,727,345
Change in Net Assets
$460,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,724,661
Revenue Not Reported on Financial Statements
$3,754
Revenue Not Reported on Form 990
$-434,601
Other Revenue Adjustments
$3,754
Total Revenue per Audited Statements
$5,290,060
Total Revenue per Form 990
$5,728,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,625,197
Salaries, Compensation, and Employee Benefits$626,264
Grants and Similar Amounts Paid$16,917
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,589,270--$1,589,270
Depreciation Depletion$913,771$18,648-$932,419
Fees for Services Other$234,788$78,262-$313,050
Other Salaries and Wages$225,090$75,030-$300,120
Current Officers, Directors, Trustees, and Key Employees$142,175$47,391-$189,566
Insurance$91,487$30,495-$121,982
Other Employee Benefits$58,436$19,478-$77,914
Fees for Services Legal$43,810$14,604-$58,414
Payroll Taxes$28,218$9,406-$37,624
Fees for Services Accounting$26,562$8,854-$35,416
Information Technology$21,184$7,061-$28,245
Pension Plan Contributions$15,780$5,260-$21,040
All Other Expenses$13,332$4,445-$17,777
Grants to Domestic Orgs$16,917--$16,917
Other Expenses$11,965$3,988-$15,953
Office Expenses$11,747$3,916-$15,663
Travel$9,735$3,245-$12,980
Advertising$1,759$586-$2,345
Total Functional Expenses$4,575,439$692,939$0$5,268,378

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,299,524
Total Expenses per Form 990$5,268,378
Expenses per Audited Statements$5,264,624
Expenses Not Reported on Form 990$34,900
Expenses Not Reported on Financial Statements$3,754
Other Expense Adjustments$3,754
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norfolk State UniversityNorfolk, VA-General Operations$16,917
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$1,966,442
Accrued Interest$110,380
Due To/from Related Party$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-$2,787,110-

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
2021-05-17
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 34,900.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY 3,754.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Employee units in expenses on fs but offset rental income in tax return 34,900.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY 3,754.”

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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/GrantAmt016917
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt016917
IRS990/GrantsToDomesticOrgsGrp/TotalAmt016917
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05763315
IRS990/GrossRentsGrp/RealAmt05758491
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07061
IRS990/InformationTechnologyGrp/ProgramServicesAmt021184
IRS990/InformationTechnologyGrp/TotalAmt028245
IRS990/InsuranceGrp/ManagementAndGeneralAmt030495
IRS990/InsuranceGrp/ProgramServicesAmt091487
IRS990/InsuranceGrp/TotalAmt0121982
IRS990/InterestGrp/ProgramServicesAmt01589270
IRS990/InterestGrp/TotalAmt01589270
IRS990/InvestmentIncomeGrp/ExclusionAmt01070
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01070
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014317488
IRS990/LandBldgEquipBasisNetGrp/BOYAmt019626243
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018972741
IRS990/LandBldgEquipCostOrOtherBssAmt033290229
IRS990/LegalDomicileStateCd0VA
IRS990/LessRentalExpensesGrp/RealAmt034900
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/NetAssetsOrFundBalancesBOYAmt0-3034052
IRS990/NetAssetsOrFundBalancesEOYAmt0-3043516
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05723591
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05723591
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-469501
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3110469
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3119933
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03916
IRS990/OfficeExpensesGrp/ProgramServicesAmt011747
IRS990/OfficeExpensesGrp/TotalAmt015663
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0473074
IRS990/OtherAssetsTotalGrp/EOYAmt0473074
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019478
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058436
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077914
IRS990/OtherExpensesGrp/Desc0EQUIPMENT REPAIRS AND M
IRS990/OtherExpensesGrp/Desc1UTLITIES
IRS990/OtherExpensesGrp/Desc2COVID RELATED EXPENSES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0186113
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1176157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23988
IRS990/OtherExpensesGrp/ProgramServicesAmt0558338
IRS990/OtherExpensesGrp/ProgramServicesAmt1528472
IRS990/OtherExpensesGrp/ProgramServicesAmt232603
IRS990/OtherExpensesGrp/ProgramServicesAmt311965
IRS990/OtherExpensesGrp/TotalAmt0744451
IRS990/OtherExpensesGrp/TotalAmt1704629
IRS990/OtherExpensesGrp/TotalAmt232603
IRS990/OtherExpensesGrp/TotalAmt315953
IRS990/OtherLiabilitiesGrp/BOYAmt01610499
IRS990/OtherLiabilitiesGrp/EOYAmt02076950
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherRevenueMiscGrp/BusinessCd0909999
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03754
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03754
IRS990/OtherRevenueTotalAmt03754
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075030
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0225090
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300120
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09406
IRS990/PayrollTaxesGrp/ProgramServicesAmt028218
IRS990/PayrollTaxesGrp/TotalAmt037624
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05260
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015780
IRS990/PensionPlanContributionsGrp/TotalAmt021040
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt076417
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt076417
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036404
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027220
IRS990/PrincipalOfficerNm0HUDNALL R CROASDALE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt031314
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt019167
IRS990/PYInvestmentIncomeAmt01873
IRS990/PYOtherExpensesAmt04826218
IRS990/PYOtherRevenueAmt05643290
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0397162
IRS990/PYSalariesCompEmpBnftPaidAmt0433930
IRS990/PYTotalExpensesAmt05279315
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05676477
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0460037
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05723591
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05727345
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03569777
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03557739
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/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt031314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt031314
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01070
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01873
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0548
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05758491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05674972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05393652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04931043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04989438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt026747596
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01873
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0548
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03530
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03754
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01608
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01031
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06393
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt026778910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05758491
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05706286
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05393652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04931043
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04989438
IRS990ScheduleA/Total509Grp/TotalAmt026778910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05763315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05709767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt05394200
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04932096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04989455
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt026788833
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt014880816
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013803387
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028684203
IRS990ScheduleD/EquipmentGrp/BookValueAmt03781840
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0344393
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04126233
IRS990ScheduleD/ExpensesNotReportedAmt034900
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03754
IRS990ScheduleD/ExpensesSubtotalAmt05264624
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt073000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt073000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0237085
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0169708
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0406793
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-469501
IRS990ScheduleD/OtherExpensesIncludedAmt034900
IRS990ScheduleD/OtherExpensesNotIncludedAmt03754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01966442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1110380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DERIVATIVE INTEREST RATE SWAP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO/FROM RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt034900
IRS990ScheduleD/OtherRevenuesNotIncludedAmt03754
IRS990ScheduleD/RevenueNotReportedAmt0-434601

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Filings

Displayed year

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

Open filing
Assets
$26,293,705
Liabilities
$29,337,221
Net assets
-$3,043,516
Revenue
$5,728,415
Expenses
$5,268,378
Net income
$460,037
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