Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
The Hansen Foundation Inc
EIN 45-2681462 • 501(c)3 • Garrison, NY
Profile
The foundation is organized exclusively for the following educational and charitable purposes:a. To receive and accept charitable contributions for the purpose of awarding scholarships to graduating high school seniors of the oxford academy in oxford, new york for payment of tuition and related expenses.b. To sponsor programs and seminars for raising awareness of the benefits of obtaining a college education and providing leadership and mentoring skills to students at the oxford academy interested in attending a college or university.c. To use all properties held or controlled by the foundation and the net earnings thereof exclusively to further the aforementioned purposes of the foundation.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
46th percentile
Higher net margin than 46% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
54th percentile
Faster asset growth than 54% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Balance Sheet
Assets
Flat$2,217
Flat from 2013
Liabilities
Flat$0
Flat from 2013
Net Assets
Flat$2,217
Flat from 2013
Revenue
Up$31,031
Up $7,531 (+32%) from 2013
Expenses
Up$31,031
Up $7,531 (+32%) from 2013
Net Income
Flat$0
Flat from 2013
Trend Graphs
Filings
Most recent year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,217
- Liabilities
- $0
- Net assets
- $2,217
- Revenue
- $31,031
- Expenses
- $31,031
- Net income
- $0
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Nov 16, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $31,031
Mission and Program Overview
Mission
The foundation is organized exclusively for the following educational and charitable purposes:a. To receive and accept charitable contributions for the purpose of awarding scholarships to graduating high school seniors of the oxford academy in oxford, new york for payment of tuition and related expenses.b. To sponsor programs and seminars for raising awareness of the benefits of obtaining a college education and providing leadership and mentoring skills to students at the oxford academy interested in attending a college or university.c. To use all properties held or controlled by the foundation and the net earnings thereof exclusively to further the aforementioned purposes of the foundation.
The hansen foundation, inc. (hereinafter the "foundation") is a not-for-profit corporation formed under the laws of new york state for educational and charitable purposes. Specifically, the foundation will award educational scholarships to eligible graduating seniors of the oxford academy. The foundation will distribute all scholarship awards directly to the qualified educational organization selected by the scholarship recipient in equal installments over four (4) years. Additionally, the foundation will sponsor various programs and seminars designed to raise awareness of the benefits of obtaining a college education and to provide leadership and mentoring skills to interested students at the oxford academy. In order to fund such scholarships, the foundation will solicit charitable contributions from various individuals and entities. The foundation will solicit contributors personally, by mail, email and by phone.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $2,217 | $2,217 | → $0 |
| Rtn Earn Endowment Incm Other Fnds | $2,217 | $2,217 | → $0 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $2,217 | $2,217 | → $0 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,217 | $2,217 | → $0 |
| Total Liabilities and Net Assets / Fund Balance | $2,217 | $2,217 | → $0 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Christopher Hansen | President/director |
| Jennifer Hansen | Vice President/treasurer/d |
| Jerry Locke | Secretary/director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $31,031
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $31,031
- Change in Net Assets
- $0
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $31,031 |
| Other Expenses | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $27,500 | - | - | $27,500 |
| Grants to Domestic Orgs | $3,531 | - | - | $3,531 |
| Total Functional Expenses | $31,031 | $0 | $0 | $31,031 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- No
- Annual disclosure for covered persons
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 2
“Christopher hansen, president/director, and jennifer hansen, vice president/treasurer/director, are husband and wife.”
Form 990, Part VI, Section B, Line 11
“The draft form 990 is made available to all members of the board of directors for their review and approval prior to being finalized and filed.”
Form 990, Part VI, Section B, Line 12
“Each director, principal officer and member of a committe with governing board delegated powers is required to annually sign a statement which affirms such person: (a) has received a copy of the conlicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the foundation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”
Form 990, Part VI, Section B, Line 15
“A. A voting member of the governing board who receives compensation, directly or indirectly, from the foundation for services is precluded from voting on matters pertaining to that member's compensation. B. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the foundation for services is precluded from voting on matters pertaining to that member's compensation. C. No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the foundation, either individually or collectively, is prohibited from providing information to any committee regarding compensation. D. Periodic reviews are conducted by the foundation about whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining.”
Form 990, Part VI, Section C, Line 19
“The corporation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
Form 990, Part VII
“Jerry locke - 3360 county road 32, oxford, ny 13830.”
Filing and Contact Details
Filer
- Filer Name
- The Hansen Foundation Inc
- EIN
- 45-2681462
- Phone
- 5184473242
- Address
- 72 FRAZER ROAD, GARRISON, NY 10524
Signing Officer
- Name
- Christopher Hansen
- Title
- President/director
- Phone
- 5184473242
- Signed
- 2015-11-16
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Christopher Hansen
- Formed
- 2011
- Legal Domicile
- Ny
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Uhy Advisors Ny Inc
- Address
- 66 SOUTH PEARL STREET SUITE 400, ALBANY, NY 12207
- Preparer
- F Michael Zovistoski
- Phone
- 5184493166
Raw XML Appendix330 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.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE HANSEN FOUNDATION, INC. (HEREINAFTER THE "FOUNDATION") IS A NOT-FOR-PROFIT CORPORATION FORMED UNDER THE LAWS OF NEW YORK STATE FOR EDUCATIONAL AND CHARITABLE PURPOSES. SPECIFICALLY, THE FOUNDATION WILL AWARD EDUCATIONAL SCHOLARSHIPS TO ELIGIBLE GRADUATING SENIORS OF THE OXFORD ACADEMY. THE FOUNDATION WILL DISTRIBUTE ALL SCHOLARSHIP AWARDS DIRECTLY TO THE QUALIFIED EDUCATIONAL ORGANIZATION SELECTED BY THE SCHOLARSHIP RECIPIENT IN EQUAL INSTALLMENTS OVER FOUR (4) YEARS. ADDITIONALLY, THE FOUNDATION WILL SPONSOR VARIOUS PROGRAMS AND SEMINARS DESIGNED TO RAISE AWARENESS OF THE BENEFITS OF OBTAINING A COLLEGE EDUCATION AND TO PROVIDE LEADERSHIP AND MENTORING SKILLS TO INTERESTED STUDENTS AT THE OXFORD ACADEMY. IN ORDER TO FUND SUCH SCHOLARSHIPS, THE FOUNDATION WILL SOLICIT CHARITABLE CONTRIBUTIONS FROM VARIOUS INDIVIDUALS AND ENTITIES. THE FOUNDATION WILL SOLICIT CONTRIBUTORS PERSONALLY, BY MAIL, EMAIL AND BY PHONE. |
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| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5184473242 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 72 FRAZER ROAD |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10524 |
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| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2217 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2217 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
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| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 31031 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 0 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
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| IRS990/CYTotalExpensesAmt | 0 | 31031 |
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| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 31031 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | SCHOLARSHIP AWARDS PAID DIRECTLY TO THE QUALIFIED EDUCATIONAL ORGANIZATIONS SELECTED BY THE SCHOLARSHIP RECIPIENTS TO COVER TUITION AND RELATED EXPENSES. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 27500 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.10 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CHRISTOPHER HANSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JENNIFER HANSEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JERRY LOCKE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE PRESIDENT/TREASURER/D |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY/DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantAmt | 0 | 27500 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 27500 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 27500 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 3531 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 3531 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 31031 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NY |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE FOLLOWING EDUCATIONAL AND CHARITABLE PURPOSES:A. TO RECEIVE AND ACCEPT CHARITABLE CONTRIBUTIONS FOR THE PURPOSE OF AWARDING SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS OF THE OXFORD ACADEMY IN OXFORD, NEW YORK FOR PAYMENT OF TUITION AND RELATED EXPENSES.B. TO SPONSOR PROGRAMS AND SEMINARS FOR RAISING AWARENESS OF THE BENEFITS OF OBTAINING A COLLEGE EDUCATION AND PROVIDING LEADERSHIP AND MENTORING SKILLS TO STUDENTS AT THE OXFORD ACADEMY INTERESTED IN ATTENDING A COLLEGE OR UNIVERSITY.C. TO USE ALL PROPERTIES HELD OR CONTROLLED BY THE FOUNDATION AND THE NET EARNINGS THEREOF EXCLUSIVELY TO FURTHER THE AFOREMENTIONED PURPOSES OF THE FOUNDATION. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2217 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2217 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
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| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | CHRISTOPHER HANSEN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SPONSORSHIP OF KAPLAN SAT PREP-COURSE AT THE OXFORD ACADEMY. |
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| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 3531 |
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| IRS990/PYTotalRevenueAmt | 0 | 23500 |
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| IRS990/RelatedEntityInd | 0 | 0 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
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| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990ScheduleA/First5Years170Ind | 0 | X |
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| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
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| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 85283 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 31031 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 87023 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
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| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 1 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 2 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 3 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 4 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 5 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 6 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 7 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 8 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 9 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 10 | 2500 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARSHIP AWARD PAID DIRECTLY TO CORNELL UNIVERSITY TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 1 | SCHOLARSHIP AWARD PAID DIRECTLY TO CORNELL UNIVERSITY TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 2 | SCHOLARSHIP AWARD PAID DIRECTLY TO SUNY ONEONTA TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 3 | SCHOLARSHIP AWARD PAID DIRECTLY TO ELMIRA COLLEGE TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 4 | SCHOLARSHIP AWARD PAID DIRECTLY TO SUNY OSWEGO TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 5 | SCHOLARSHIP AWARD PAID DIRECTLY TO SUNY OSWEGO TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 6 | SCHOLARSHIP AWARD PAID DIRECTLY TO UTICA COLLEGE TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 7 | SCHOLARSHIP AWARD PAID DIRECTLY TO UTICA COLLEGE TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 8 | SCHOLARSHIP AWARD PAID DIRECTLY TO BINGHAMTON UNIVERSITY TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 9 | SCHOLARSHIP AWARD PAID DIRECTLY TO BINGHAMTON UNIVERSITY TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 10 | SCHOLARSHIP AWARD PAID DIRECTLY TO CLARKSON UNIVERSITY TO COVER TUITION AND RELATED EXPENSES FOR A QUALIFIED GRADUATING HIGH SCHOOL SENIOR OF THE OXFORD ACADEMY. |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE MAKING OF GRANTS AND CONTRIBUTIONS IS WITHIN THE EXCLUSIVE POWER OF THE BOARD OF DIRECTORS. A. THE BOARD OF DIRECTORS REVIEWS ALL REQUESTS FOR FUNDS, REQUIRE THAT SUCH REQUESTS SPECIFY THE USE TO WHICH THE FUNDS WILL BE PUT, AND AUTHORIZE PAYMENT OF SUCH FUNDS. B. THE BOARD OF DIRECTORS MAY REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHERWISE RENDER FINANCIAL ASSISTANCE TO OR FOR ANY OR ALL THE PURPOSES FOR WHICH FUNDS ARE REQUESTED. C. THE FOUNDATION WILL AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS OF THE OXFORD ACADEMY IN OXFORD, NEW YORK. D. THE PROCEEDS OF THE SCHOLARSHIPS WILL BE USED FOR PAYMENT OF SCHOOL, COLLEGE OR UNIVERSITY TUITION AND RELATED EXPENSES, FEES, BOOKS, SUPPLIES AND EQUIPMENT REQUIRED FOR COURSES OF INSTRUCTION AT AN ACCREDITED AND QUALIFIED EDUCATIONAL ORGANIZATION WITHIN THE MEANING OF CODE SECTION 170. E. THE SCHOLARSHIPS WILL BE AWARDED IN THE AMOUNT OF $2,500 PER YEAR DISTRIBUTED ON EITHER A SEMESTER OR TRIMESTER BASIS DEPENDING ON THE ACADEMIC CALENDAR YEAR DIRECTLY TO THE QUALIFIED EDUCATIONAL ORGANIZATION. ANY SCHOLARSHIP RECIPIENT MUST MAINTAIN A GPA OF 3.0 AND MUST PROVIDE TRANSCRIPTS CERTIFIED BY THE QUALIFIED EDUCATIONAL ORGANIZATION EACH SEMESTER OR TRIMESTER, AS THE CASE MAY BE, THE SCHOLARSHIP RECEIPIENT WILL BE ELIGIBLE FOR A GRACE PERIOD OF ONE (1) SEMESTER OR TRIMESTER SUCH THAT IF THE SCHOLARSHIP RECIPIENT IS ABLE TO IMPROVE HIS OR HER OVERALL GPA TO 3.0, THE SCHOLARSHIP WILL REMAIN IN EFFECT. F. THE BOARD OF DIRECTORS WILL AWARD SCHOLARSHIPS BASED ON THE APPLICANT'S DEMONSTRATION OF A DEEP INVOLVEMENT IN ONE (1) OR MORE OF THE FOLLOWING AREAS: ACADEMIC (TEAMS, CLUBS, STUDENT GOVERNMENT, ETC.), ATHLETIC PROGRAMS OR COMMUNITY ORGANIZATIONS (CIVIC CLUBS, VOLUNTEER ORGANIZATIONS, RELIGIOUS ORGANIZATIONS, ETC.), PRIOR ACADEMIC PERFORMANCE, LETTERS OF RECOMMENDATION AND REFERENCES AND CONCLUSIONS THAT THE BOARD OF DIRECTORS DRAW FROM INTERVIEWS OF APPLICANTS THAT ATTEST TO AN APPLICANT'S LEADERSHIP SKILLS, CHARACTER, ABILITY AND POTENTIAL. G. AWARD OVERSIGHT 1) IF A SCHOLARSHIP RECIPIENT FAILS TO SUBMIT TRANSCRIPTS WITHIN A REASONABLE PERIOD AFTER THE EXPIRATION OF THE SEMESTER, THE FOUNDATION SHALL INITIATE AN INVESTIGATION. THE FOUNDATION SHALL WITHHOLD ANY FURTHER PAYMENTS TO THE EXTENT POSSIBLE UNTIL IT HAS BEEN DETERMINED THAT NO PART OF THE SCHOLARSHIP HAS BEEN USED FOR IMPROPER PURPOSES, UNTIL ANY DELINQUENT TRANSCRIPTS AND REPORTS HAVE BEEN SUBMITTED AND HAS RECEIVED ASSURANCES FROM THE SCHOLARSHIP RECIPIENT IN THE FUTURE IMPROPER DIVERSIONS WILL NOT OCCUR. 2) IN THE UNLIKELY EVENT THAT ANY INDIVIDUAL CAUSES THE MISUSE OF SCHOLARSHIP AWARD FUND, THE FOUNDATION SHALL TAKE ALL REASONABLE AND APPROPRIATE STEPS TO RECOVER IMPROPERLY EXPENDED GRANT FUNDS AND TO ENSURE THAT ANY GRANT FUNDS HELD BY THE RECIPIENT WILL BE USED EXCLUSIVELY FOR THE PURPOSES OF THE SCHOLARSHIP. SUCH STEPS MAY INCLUDE LEGAL ACTION UNLESS SUCH ACTION IN ALL PROBABILITY WOULD NOT RESULT IN SATISFACTION OR EXECUTION OF A JUDGMENT. 3) THE FOUNDATION SHALL DISTRIBUTE ALL SCHOLARSHIP AWARDS DIRECTLY TO THE QUALIFIED EDUCATIONAL ORGANIZATION SELECTED BY THE SCHOLARSHIP RECIPIENT AND SHALL INSTRUCT SUCH ORGANIZATION TO DEPOSIT SUCH CHECK INTO THEIR RECIPIENTS SCHOOL ACCOUNT UPON VERIFICATION OF THE STUDENTS FULL TIME STATUS. THE FOUNDATION SHALL INSTRUCT THE QUALIFIED EDUCATIONAL ORGANIZATION THAT IF ANY FUNDS REMAIN AFTER PAYMENT OF THE STUDENTS TUITION IN FULL, THE BALANCE SHALL BE RETURNED TO THE FOUNDATION IN THE FORM OF A CHECK. IN THE EVENT THE STUDENT TRANSFERS TO ANOTHER SCHOOL DURING THE ACADEMIC YEAR, THE FUNDS SHALL BE RETURNED TO THE FOUNDATION. IF THE STUDENT COMPLETES HIS OR HER SCHOOLING OR WITHDRAWS FROM SCHOOL AND WILL NOT BE ATTENDING ANOTHER QUALIFIED EDUCATIONAL ORGANIZATION WITHIN SAME ACADEMIC YEAR, THE REMAINING FUNDS SHALL BE RETURNED TO THE FOUNDATION. H.THE FOUNDATION SHALL KEEP THE FOLLOWING RECORDS: 1) ALL INFORMATION THAT THE FOUNDATION SECURES TO EVALUATE THE QUALIFICATIONS |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CHRISTOPHER HANSEN, PRESIDENT/DIRECTOR, AND JENNIFER HANSEN, VICE PRESIDENT/TREASURER/DIRECTOR, ARE HUSBAND AND WIFE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE DRAFT FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO BEING FINALIZED AND FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTE WITH GOVERNING BOARD DELEGATED POWERS IS REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THE FOUNDATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A. A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. B. A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION. C. NO VOTING MEMBER OF THE GOVERNING BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE FOUNDATION, EITHER INDIVIDUALLY OR COLLECTIVELY, IS PROHIBITED FROM PROVIDING INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. D. PERIODIC REVIEWS ARE CONDUCTED BY THE FOUNDATION ABOUT WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | JERRY LOCKE - 3360 COUNTY ROAD 32, OXFORD, NY 13830. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VII |
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