Civic Intelligence

Catholic Foundation of Eastern Pennsylvania Inc

990 • Fiscal year 2020 • EIN 46-4060385

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 10, 2020

Organization ProfileWWW.CATHOLICFOUNDATIONEP.ORG
PO Box 1430Allentown, PA 18105

(610) 554-1941

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.50x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

2.44x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$90,000

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

92nd percentile

61%

Faster asset growth than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-23%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$14,473,497

Up $5,458,579 (+61%) from 2019

Net Assets

Down

$7,180,158

Down $1,832,503 (-20%) from 2019

Liabilities

Up

$7,293,339

Up $7,291,082 (+323043%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin97th percentile

Revenue

Down

$2,990,267

Down $888,036 (-23%) from 2019

Expenses

Down

$359,552

Down $136,710 (-28%) from 2019

Net Income

Down

$2,630,715

Down $751,326 (-22%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$60M$40M$20M$0Assets 2014: $410,708Liabilities 2014: $37,240Net Assets 2014: $373,4682014Assets 2015: $678,719Liabilities 2015: $91,390Net Assets 2015: $587,3292015Assets 2016: $1,910,424Liabilities 2016: $3,387Net Assets 2016: $1,907,0372016Assets 2017: $2,958,536Liabilities 2017: $2,252Net Assets 2017: $2,956,2842017Assets 2018: $5,631,862Liabilities 2018: $1,242Net Assets 2018: $5,630,6202018Assets 2019: $9,014,918Liabilities 2019: $2,257Net Assets 2019: $9,012,6612019Assets 2020: $14,473,497Liabilities 2020: $7,293,339Net Assets 2020: $7,180,1582020Assets 2021: $24,112,194Liabilities 2021: $13,616,227Net Assets 2021: $10,495,9672021Assets 2022: $22,652,287Liabilities 2022: $13,687,084Net Assets 2022: $8,965,2032022Assets 2023: $30,512,216Liabilities 2023: $20,229,076Net Assets 2023: $10,283,1402023Assets 2024: $43,418,920Liabilities 2024: $30,932,624Net Assets 2024: $12,486,2962024Assets 2025: $55,177,092Liabilities 2025: $40,038,133Net Assets 2025: $15,138,9592025

Highlighted filing

2020

Assets$14,473,497
Liabilities$7,293,339
Net Assets$7,180,158
Open 2020 Filing

Operations Trend

Revenue Growth17th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2014: $410,708Expenses 2014: $37,240Net Income 2014: $373,4682014Revenue 2015: $283,295Expenses 2015: $69,434Net Income 2015: $213,8612015Revenue 2016: $1,359,683Expenses 2016: $39,975Net Income 2016: $1,319,7082016Revenue 2017: $1,166,756Expenses 2017: $117,509Net Income 2017: $1,049,2472017Revenue 2018: $2,895,950Expenses 2018: $221,615Net Income 2018: $2,674,3352018Revenue 2019: $3,878,303Expenses 2019: $496,262Net Income 2019: $3,382,0412019Revenue 2020: $2,990,267Expenses 2020: $359,552Net Income 2020: $2,630,7152020Revenue 2021: $2,079,757Expenses 2021: $494,102Net Income 2021: $1,585,6552021Revenue 2022: $1,425,170Expenses 2022: $647,163Net Income 2022: $778,0072022Revenue 2023: $1,364,400Expenses 2023: $950,379Net Income 2023: $414,0212023Revenue 2024: $1,896,374Expenses 2024: $774,078Net Income 2024: $1,122,2962024Revenue 2025: $2,396,678Expenses 2025: $1,082,434Net Income 2025: $1,314,2442025

Highlighted filing

2020

Revenue$2,990,267
Expenses$359,552
Net Income$2,630,715
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$2,990,267
Mission and Program Overview

Mission

Catholic foundation of eastern pennsylvania, inc., is a pennsylvania nonprofit corporation, organized and operated for religious, charitable and educational purposes described in section 501(c)(3) of the internal revenue code. The catholic foundation supports ministries of religion, charity, service and education within and/or outside the diocese of allentown.

To allow for the donation, restriction, admnistration and distribution of certain gifts, to be held in trust for both restricted and non-restricted purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,908,700$14,363,473▲ $5,454,773
Pledges and Grants Receivable-$65,000-
Cash and Non-Interest-Bearing Accounts$106,218$45,024▼ $61,194
Total Assets$9,014,918$14,473,497▲ $5,458,579
Liabilities
Escrow Account Liability-$7,293,339-
Accounts Payable and Accrued Expenses$2,257$0▼ $2,257
Total Liabilities$2,257$7,293,339▲ $7,291,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,012,661$7,180,158▼ $1,832,503
Total Net Assets Fund Balance$9,012,661$7,180,158▼ $1,832,503
Total Liabilities and Net Assets / Fund Balance$9,014,918$14,473,497▲ $5,458,579
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Peter V WaldronPresidentFT$90,000$90,000

Board Members and Trustees

NameTitle
Paul E HuckChairman
Thomas J ScaliciVice-chairman
Beth a Dobis Beers EsqBoard Member
James F BovaBoard Member
James a Ritter EsqBoard Member
Janet E RothBoard Member
Michael D GumanBoard Member
Rev Msgr Daniel J YenushoskyBoard Member
W Rusty SeyleBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,552,412
Program Service Revenue
$56,417
Investment Income
$381,438
Other Revenue
$0
All Other Contributions
$2,552,412
Change in Net Assets
$2,630,715

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,990,267
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-383,176
Total Revenue per Audited Statements
$2,607,091
Total Revenue per Form 990
$2,990,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$157,191
Other Expenses$111,011
Salaries, Compensation, and Employee Benefits$91,350
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$157,191--$157,191
Current Officers, Directors, Trustees, and Key Employees$40,369$13,456-$53,825
Fees for Services Management$36,250$12,083-$48,333
Other Salaries and Wages-$33,851-$33,851
Fees for Services Other$15,430$3,275-$18,705
Office Expenses-$8,557-$8,557
Fees for Services Accounting-$7,816-$7,816
Information Technology-$7,803-$7,803
Advertising-$7,230-$7,230
Fees for Services Legal-$5,850-$5,850
Insurance-$4,787-$4,787
Other Employee Benefits-$3,674-$3,674
Travel-$1,930-$1,930
Total Functional Expenses$249,240$110,312$0$359,552

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$359,552
Total Expenses per Audited Statements$359,552
Total Expenses per Form 990$359,552
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eastern Pennsylvania Scholarship Foundation Charitable TrustBethlehem, PA501 (c) (3)Scholarship Funds for Elementary and Secondary Roman Catholic Students$57,180
St Jane Frances De Chantal ParishEaston, PA501 (c) (3)Adaline Capuro Scholarships for Students$27,870
St Anne ParishBethlehem, PA501 (c) (3)Educational Programs of St Anne Parish$27,288
St John Vianney Regional SchoolAllentown, PA501 (c) (3)Annual Fund of St John Vianney Regional School$8,913
Diocese of Allentown Charitable TrustAllentown, PA501 (c) (3)Education of Seminarians$6,112
St Theresa of the Child Jesus ParishHellertown, PA501 (c) (3)Operations and Activities of St. Theresa School$6,000
St Joseph the Worker Parish Charitable TrustOrefield, PA501 (c) (3)Benefit of College Students From the Parish$5,000
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
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
Yes
Other officer compensation reviewed
No
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 B, Line 11B

“The organization's 990 is reviewed and approved by the chair and the board of directors. It is then distributed amongst the entire board for comment/final review prior to filing.”

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

“The board of directors monitors any conflicts which arise to ensure decisions are made by those independent of the matter”

Form 990, Part VI, Section B, Line 15A

“The board of directors reviews market data to determine an appropriate pay scale for the executive director”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interst policy, and financial statements are avaialble upon request.”

Filing and Contact Details

Filer

Filer Name
Catholic Foundation of Eastern
EIN
46-4060385
Phone
6105541941
Address
PO BOX 1430, ALLENTOWN, PA 18105

Signing Officer

Name
Paul E Huck
Title
Chairman
Phone
6105541941
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul E Huck
Formed
2013
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
10

Preparer

Firm
Concannon Miller & Co Pc
Address
1525 VALLEY CENTER PARKWAY STE 300, BETHLEHEM, PA 18017-2285
Preparer
Andrea L Brady CPA
Phone
6104335501
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior period adjustment -4,080,042.”

Form 990, Part XII, Line 2C

“During the fiscal year ended june 30, 2020, the board established a formal audit committee, comprised of select members of the governing board, whose responsibilities include selection of the independent accountant through a request for proposal process, and review and approval of the audited financial statements.”

Form 990, Part XI, Line 9

“The organization made a prior period adjustment to correct an error in identifying and reporting agency-type contributions in accordance with fasb asc 958-605-50 (formerly sfas no. 136) transfer of assets to a not-for-profit organization or charitable trust that raises or holds contributions for others. The correction reclassified $4,080,082 of prior years' agency-type additions from net assets to custodial account liability.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization accepts funds to manage and invest from catholic organizations primarily in berks, carbon, lehigh, northampton, and schuylkill counties. Contributions to the various funds have been recorded as liabilities or contribution revenue for audit and accounting purposes in accordance with fasb asc 958-605-50 (formerly sfas no. 136) transfer of assets to a not-for-profit organization or charitable trust that raises or holds contributions for others. Contributions made to the organization, where the donor names itself as the beneficiary of the assets, are recorded as agency endowment liabilities in the statement of net position. Subsequent changes in the value of these investments are recorded as increases or decreases in the agency endowment liability in the statement of net position.”

PART X, LINE 2:

“No provision for income taxes has been made in the financial statements since the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. However, income from activities not directly related to the organization's tax-exempt purpose, if any, would be subject to taxation as unrelated business income. The organization complies with the guidance for uncertainty in income taxes using the provision of fasb asc 740, income taxes. Using that guidance tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by tax authorities. As of june 30, 2020, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 488 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/MissionDesc0CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC., IS A PENNSYLVANIA NONPROFIT CORPORATION, ORGANIZED AND OPERATED FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CATHOLIC FOUNDATION SUPPORTS MINISTRIES OF RELIGION, CHARITY, SERVICE AND EDUCATION WITHIN AND/OR OUTSIDE THE DIOCESE OF ALLENTOWN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCEPTS FUNDS TO MANAGE AND INVEST FROM CATHOLIC ORGANIZATIONS PRIMARILY IN BERKS, CARBON, LEHIGH, NORTHAMPTON, AND SCHUYLKILL COUNTIES. CONTRIBUTIONS TO THE VARIOUS FUNDS HAVE BEEN RECORDED AS LIABILITIES OR CONTRIBUTION REVENUE FOR AUDIT AND ACCOUNTING PURPOSES IN ACCORDANCE WITH FASB ASC 958-605-50 (FORMERLY SFAS NO. 136) TRANSFER OF ASSETS TO A NOT-FOR-PROFIT ORGANIZATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS. CONTRIBUTIONS MADE TO THE ORGANIZATION, WHERE THE DONOR NAMES ITSELF AS THE BENEFICIARY OF THE ASSETS, ARE RECORDED AS AGENCY ENDOWMENT LIABILITIES IN THE STATEMENT OF NET POSITION. SUBSEQUENT CHANGES IN THE VALUE OF THESE INVESTMENTS ARE RECORDED AS INCREASES OR DECREASES IN THE AGENCY ENDOWMENT LIABILITY IN THE STATEMENT OF NET POSITION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS SINCE THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE, IF ANY, WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION COMPLIES WITH THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISION OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. AS OF JUNE 30, 2020, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02607091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0359552
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt057180
IRS990ScheduleI/RecipientTable/CashGrantAmt15000
IRS990ScheduleI/RecipientTable/CashGrantAmt227288
IRS990ScheduleI/RecipientTable/CashGrantAmt327870
IRS990ScheduleI/RecipientTable/CashGrantAmt46000
IRS990ScheduleI/RecipientTable/CashGrantAmt56112
IRS990ScheduleI/RecipientTable/CashGrantAmt68913
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501 (C) (3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP FUNDS FOR ELEMENTARY AND SECONDARY ROMAN CATHOLIC STUDENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BENEFIT OF COLLEGE STUDENTS FROM THE PARISH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATIONAL PROGRAMS OF ST ANNE PARISH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3ADALINE CAPURO SCHOLARSHIPS FOR STUDENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4OPERATIONS AND ACTIVITIES OF ST. THERESA SCHOOL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5EDUCATION OF SEMINARIANS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6ANNUAL FUND OF ST JOHN VIANNEY REGIONAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EASTERN PENNSYLVANIA SCHOLARSHIP FOUNDATION CHARITABLE TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ST JOSEPH THE WORKER PARISH CHARITABLE TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ST ANNE PARISH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ST JANE FRANCES DE CHANTAL PARISH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4ST THERESA OF THE CHILD JESUS PARISH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5DIOCESE OF ALLENTOWN CHARITABLE TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ST JOHN VIANNEY REGIONAL SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0464064412
IRS990ScheduleI/RecipientTable/RecipientEIN1231692503
IRS990ScheduleI/RecipientTable/RecipientEIN2240798649
IRS990ScheduleI/RecipientTable/RecipientEIN3240798711
IRS990ScheduleI/RecipientTable/RecipientEIN4240797038
IRS990ScheduleI/RecipientTable/RecipientEIN5231598116
IRS990ScheduleI/RecipientTable/RecipientEIN6272181873
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01425 MOUNTAIN DRIVE NORTH
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11879 APPLEWOOD DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2450 E WASHINGTON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3123 S NULTON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41408 EASTON ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5POST OFFICE BOX F
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6210 NORTH 18TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BETHLEHEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm1OREFIELD
IRS990ScheduleI/RecipientTable/USAddress/CityNm2BETHLEHEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm3EASTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4HELLERTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm5ALLENTOWN
IRS990ScheduleI/RecipientTable/USAddress/CityNm6ALLENTOWN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6PA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CATHOLIC FOUNDATION OF EASTERN PENNSYLVANIA, INC. MONITORS THE USE OF GRANTS BY ESTABLISHING WRITTEN AGREEMENTS FOR EACH FUND DESIGNATING THEIR INTENDED USE, AND BY ADHERING TO THE TERMS OF THE AGREEMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt07
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S 990 IS REVIEWED AND APPROVED BY THE CHAIR AND THE BOARD OF DIRECTORS. IT IS THEN DISTRIBUTED AMONGST THE ENTIRE BOARD FOR COMMENT/FINAL REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MONITORS ANY CONFLICTS WHICH ARISE TO ENSURE DECISIONS ARE MADE BY THOSE INDEPENDENT OF THE MATTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS MARKET DATA TO DETERMINE AN APPROPRIATE PAY SCALE FOR THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, AND FINANCIAL STATEMENTS ARE AVAIALBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR PERIOD ADJUSTMENT -4,080,042.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE FISCAL YEAR ENDED JUNE 30, 2020, THE BOARD ESTABLISHED A FORMAL AUDIT COMMITTEE, COMPRISED OF SELECT MEMBERS OF THE GOVERNING BOARD, WHOSE RESPONSIBILITIES INCLUDE SELECTION OF THE INDEPENDENT ACCOUNTANT THROUGH A REQUEST FOR PROPOSAL PROCESS, AND REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MADE A PRIOR PERIOD ADJUSTMENT TO CORRECT AN ERROR IN IDENTIFYING AND REPORTING AGENCY-TYPE CONTRIBUTIONS IN ACCORDANCE WITH FASB ASC 958-605-50 (FORMERLY SFAS NO. 136) TRANSFER OF ASSETS TO A NOT-FOR-PROFIT ORGANIZATION OR CHARITABLE TRUST THAT RAISES OR HOLDS CONTRIBUTIONS FOR OTHERS. THE CORRECTION RECLASSIFIED $4,080,082 OF PRIOR YEARS' AGENCY-TYPE ADDITIONS FROM NET ASSETS TO CUSTODIAL ACCOUNT LIABILITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,473,497
Liabilities
$7,293,339
Net assets
$7,180,158
Revenue
$2,990,267
Expenses
$359,552
Net income
$2,630,715
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.2$40.0$15.1$2.40$1.08$1.31
2024Detailed filing. Detailed filing data is available for this year.$43.4$30.9$12.5$1.90$0.77$1.12
2023Detailed filing. Detailed filing data is available for this year.$30.5$20.2$10.3$1.36$0.95$0.41
2022Detailed filing. Detailed filing data is available for this year.$22.7$13.7$8.97$1.43$0.65$0.78
2021Detailed filing. Detailed filing data is available for this year.$24.1$13.6$10.5$2.08$0.49$1.59
2020Detailed filing. Detailed filing data is available for this year.$14.5$7.29$7.18$2.99$0.36$2.63
2019Detailed filing. Detailed filing data is available for this year.$9.01$0.00$9.01$3.88$0.50$3.38
2018Summary only. Only limited summary data is available for this year.$5.63$0.00$5.63$2.90$0.22$2.67
2017Summary only. Only limited summary data is available for this year.$2.96$0.00$2.96$1.17$0.12$1.05
2016Summary only. Only limited summary data is available for this year.$1.91$0.00$1.91$1.36$0.04$1.32
2015Summary only. Only limited summary data is available for this year.$0.68$0.09$0.59$0.28$0.07$0.21
2014Summary only. Only limited summary data is available for this year.$0.41$0.04$0.37$0.41$0.04$0.37