Civic Intelligence

Newman University Inc

990 • Fiscal year 2019 • EIN 48-0556716

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

3100 Mccormick AvenueWichita, KS 67213-2097

(316) 942-4291

Siviq Scores

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

Liabilities / Assets

51st percentile

0.28x

Higher debt load relative to assets than 51% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.49x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

21st percentile

-4.3%

Higher net margin than 21% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$316,948

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

12th percentile

-4.3%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-4.5%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$71,872,821

Down $3,252,933 (-4.3%) from 2018

Net Assets

Down

$51,586,914

Down $2,425,890 (-4.5%) from 2018

Liabilities

Down

$20,285,907

Down $827,043 (-3.9%) from 2018

Revenue

Down

$41,568,857

Down $1,970,041 (-4.5%) from 2018

Expenses

Down

$43,372,034

Down $454,226 (-1.0%) from 2018

Net Income

Down

-$1,803,177

Down $1,515,815 (-527%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $60,580,724Liabilities 2010: $26,985,119Net Assets 2010: $33,595,6052010Assets 2011: $62,644,279Liabilities 2011: $27,136,727Net Assets 2011: $35,507,5522011Assets 2012: $61,695,506Liabilities 2012: $24,905,765Net Assets 2012: $36,789,7412012Assets 2013: $63,255,048Liabilities 2013: $24,908,171Net Assets 2013: $38,346,8772013Assets 2014: $70,126,750Liabilities 2014: $24,044,500Net Assets 2014: $46,082,2502014Assets 2015: $73,260,539Liabilities 2015: $24,200,642Net Assets 2015: $49,059,8972015Assets 2016: $76,260,917Liabilities 2016: $23,247,678Net Assets 2016: $53,013,2392016Assets 2017: $79,071,632Liabilities 2017: $23,926,358Net Assets 2017: $55,145,2742017Assets 2018: $75,125,754Liabilities 2018: $21,112,950Net Assets 2018: $54,012,8042018Assets 2019: $71,872,821Liabilities 2019: $20,285,907Net Assets 2019: $51,586,9142019Assets 2020: $79,433,180Liabilities 2020: $27,464,964Net Assets 2020: $51,968,2162020Assets 2021: $76,604,800Liabilities 2021: $17,853,839Net Assets 2021: $58,750,9612021Assets 2022: $69,272,757Liabilities 2022: $17,104,161Net Assets 2022: $52,168,5962022Assets 2023: $68,412,501Liabilities 2023: $18,494,704Net Assets 2023: $49,917,7972023Assets 2024: $68,218,956Liabilities 2024: $18,294,055Net Assets 2024: $49,924,9012024

Highlighted filing

2019

Assets$71,872,821
Liabilities$20,285,907
Net Assets$51,586,914

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $30,128,5232010Expenses 2011: $33,087,4932011Expenses 2012: $34,714,8372012Expenses 2013: $37,226,3632013Revenue 2014: $44,679,175Expenses 2014: $39,000,821Net Income 2014: $5,678,3542014Revenue 2015: $43,163,418Expenses 2015: $39,193,466Net Income 2015: $3,969,9522015Revenue 2016: $44,720,081Expenses 2016: $40,016,150Net Income 2016: $4,703,9312016Revenue 2017: $41,919,450Expenses 2017: $41,063,396Net Income 2017: $856,0542017Revenue 2018: $43,538,898Expenses 2018: $43,826,260Net Income 2018: -$287,3622018Revenue 2019: $41,568,857Expenses 2019: $43,372,034Net Income 2019: -$1,803,1772019Revenue 2020: $42,694,112Expenses 2020: $41,737,334Net Income 2020: $956,7782020Revenue 2021: $43,383,966Expenses 2021: $42,589,264Net Income 2021: $794,7022021Revenue 2022: $40,918,190Expenses 2022: $42,589,936Net Income 2022: -$1,671,7462022Revenue 2023: $41,003,574Expenses 2023: $43,612,257Net Income 2023: -$2,608,6832023Revenue 2024: $43,037,694Expenses 2024: $44,828,406Net Income 2024: -$1,790,7122024

Highlighted filing

2019

Revenue$41,568,857
Expenses$43,372,034
Net Income-$1,803,177
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.1
Gross Receipts
$42,892,379
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,110,524$44,965,876▼ $1,144,648
Investments in Publicly Traded Securities$20,931,640$19,488,078▼ $1,443,562
Investments Other Securities$1,467,820$1,471,993▲ $4,173
Accounts Receivable$1,233,600$1,326,574▲ $92,974
Pledges and Grants Receivable$2,032,780$1,190,876▼ $841,904
Prepaid Expenses and Deferred Charges$54,865$281,159▲ $226,294
Investments Program Related$226,039$182,451▼ $43,588
Cash and Non-Interest-Bearing Accounts$78,446$164,041▲ $85,595
Inventories for Sale or Use$250,619$155,328▼ $95,291
Savings and Temporary Cash Investments$551,145$143,875▼ $407,270
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$75,125,754$71,872,821▼ $3,252,933
Other Assets Total$2,188,276$2,502,570▲ $314,294
Liabilities
Tax Exempt Bond Liabilities$13,176,240$12,009,011▼ $1,167,229
Mortgage Notes Payable Secured by Investment Property$4,094,396$4,019,417▼ $74,979
Accounts Payable and Accrued Expenses$1,819,688$1,953,708▲ $134,020
Deferred Revenue$1,637,867$1,332,609▼ $305,258
Other Liabilities$384,759$971,162▲ $586,403
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$21,112,950$20,285,907▼ $827,043
Net Assets / Fund Balance
Unrestricted Net Assets$25,344,350$27,233,280▲ $1,888,930
Permanently Rstr Net Assets$20,504,337$20,469,716▼ $34,621
Temporarily Rstr Net Assets$8,164,117$3,883,918▼ $4,280,199
Total Net Assets Fund Balance$54,012,804$51,586,914▼ $2,425,890
Total Liabilities and Net Assets / Fund Balance$75,125,754$71,872,821▼ $3,252,933

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,702,419$22,329,216$62,031,635
Equipment$2,846,442$3,760,376$6,606,818
Other Land Buildings$1,623,184$3,630,305$5,253,489
Land$793,831-$793,831

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$18,237,876$167,216▲ $4,893,008$714,655$22,136,587
2018$18,939,838$101,374▲ $136,358$503,941$18,237,876
2017$17,784,687$187,852▲ $1,900,476$485,649$18,939,838
2016$18,895,750$78,652▼ $226,100$459,890$17,784,687
2015$20,016,394$121,132▼ $239,378$477,969$18,895,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Noreen CarrocciPresident/trusteeFT$193,946$123,002$316,948
Brett AndrewsDean, Schl of BusinessFT$123,474$40,446$163,920
Norm JonesVP of Enrollment MangementFT$133,330$21,790$155,120
Kimberly LongVP for Acad and Stu Aff/provosFT$128,927$23,858$152,785
Sharon NiemannDirector of Crna ProgramFT$126,978$19,052$146,030
Jerome JohnstonVP for Inst AdvancementFT$121,083$20,148$141,231
Jennifer GantzVP for Fin and AdminFT$123,348$13,873$137,221
Margaret CookAssistant Director of Crna ProgramFT$125,972$6,591$132,563
Victor TrilliVP of Stu Aff and Director of AthltFT$113,468$17,462$130,930
Tracy McgareyExecutive SecretaryFT$43,791$2,901$46,692

Highest Paid Contractors

ContractorServicesLocationCompensation
Dondlinger ConstructionConstructionPO BOX 398, Wichita, KS 67201$1,544,616
Great Western Campus DiningFood ServicePO BOX 699, Tipton, MO 65081$703,829
Overland ChartersTravel Services3333 N HILLSIDE, Wichita, KS 67219$159,490
Reddi IndustriesLawn Maintenance6205 E KELLOGG DRIVE, Wichita, KS 67218$144,815
Mahaney Group INCRoofing2822 N MEAD ST, Wichita, KS 67219$125,173
Revenue and Support

Revenue Composition

Contributions and Grants
$1,635,973
Program Service Revenue
$38,212,175
Investment Income
$1,159,331
Other Revenue
$561,378
All Other Contributions
$1,337,195
Change in Net Assets
$-1,803,177

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,837,132
Revenue Not Reported on Financial Statements
$16,731,725
Revenue Not Reported on Form 990
$-425,408
Other Revenue Adjustments
$16,591,455
Total Revenue per Audited Statements
$24,411,724
Total Revenue per Form 990
$41,568,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$16,591,455
Salaries, Compensation, and Employee Benefits$16,567,635
Other Expenses$10,212,944
Total Fundraising Expense$640,446
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$16,591,455--$16,591,455
Other Salaries and Wages$9,415,884$2,079,674$261,544$11,757,102
Other Employee Benefits$2,164,785$480,502$4,111$2,649,398
Depreciation Depletion$1,921,748$441,171-$2,362,919
Fees for Services Other$1,399,880$356,451$26,539$1,782,870
Occupancy$1,265,482$273,461-$1,538,943
Office Expenses$911,340$201,032$64,904$1,177,276
Travel$818,117$184,061$43,551$1,045,729
Current Officers, Directors, Trustees, and Key Employees$413,231$435,326$124,683$973,240
Payroll Taxes$638,476$143,645$103,820$885,941
Interest$442,101$99,464-$541,565
Advertising$415,571$92,845$1,693$510,109
Pension Plan Contributions$246,497$55,457-$301,954
All Other Expenses$245,634$19,316$9,601$274,551
Information Technology$161,786$36,399-$198,185
Other Expenses$142,226$31,998-$0
Insurance$118,640$26,692-$145,332
Fees for Service Investment Mgmnt Fees-$140,270-$140,270
Fees for Services Accounting$63,357$13,068-$76,425
Fees for Services Legal$18,479$4,158-$22,637
Total Functional Expenses$37,575,842$5,155,746$640,446$43,372,034

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,372,034
Total Expenses per Audited Statements$26,837,614
Expenses per Audited Statements$26,640,309
Expenses Not Reported on Financial Statements$16,731,725
Other Expense Adjustments$16,591,455
Expenses Not Reported on Form 990$197,305
International Activity

International Summary

Spending
$145,648

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram ServicesStudent Trip/study Abr--$72,700
Europe (Including Iceland and Greenland)Program ServicesAcademic/service Prog--$44,439
East Asia and the PacificProgram ServicesAcademic/service Prog--$18,900
Middle East and North AfricaProgram ServicesStudent Trip/study Abr--$9,609
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$143,283
Fundraising Direct Expenses$107,378
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jet Open Golf T$114,940$31,165$14,514$16,651
Party on the Pl$131,878$23,172$20,566$2,606
Total Events$349,764$143,283$107,378$35,905
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$541,505
Federal Student Loan Funds$250,244
Asset Retirement Obligations$179,234
Annuities Payable$179

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKansas Independent College Finance Authority2015-03-31$8,475,000Educ. Fac. Refunding & improvement
BKansas Independent College Finance Authority2016-09-30$8,445,000Educ. Fac. Refunding & improvement

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,478,350$7,675,029$4,135,000$308,577
B$8,445,993$7,885,000$390,000$96,582

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The members of the corporation shall consist of the regional leader and the members of the regional council of the adorers of the blood of christ, united states region ("adorers congregation") a public juridic person which is the canonical analogue of the adorers of the blood of christ, united states region, a missouri public benefit non-profit corporation ("adorers corporation"). "regional leader" means the person with canonical authority for the governance of the adorers congregation. "regional council" means the persons selected and approved according to the constitution who assist and advise the regional leader according to the requirements of canon law and the constitution of the adorers congregation and have the powers attributed to them in these bylaws. "constitution" means the basic document which sets forth the norms and directives which govern the adorers congregation as promulgated by the general superior of the congregation on june 7, 1992, and as amended from time to time. The members of the corporation shall not be elected but rather serve ex officio by virtue of their appointment as regional leader and as members of the regional council of the adorers congregation, and their authority as members shall derive therefrom. A member who ceases to be regional leader or ceases to be a member of the regional council shall simultaneously cease to be a member of the corporation. Form 990, part vi, section a, line 7a the regional leader and the regional council of the adorers of the blood of christ, united states (adorers congregation), being the members, have the right to approve all of newman university's board of trustees.

Form 990, Part VI, Section A, Line 7B

The following are subject to approval by members of the adorers governing body: (a) to approve, modify or disapprove the philosophy or charitable purpose of the corporation; (b) to approve, modify or disapprove the mission statement of the corporation; (c) to approve resolutions submitted by the board of trustees proposing amendments to the corporation's articles of incorporation and bylaws and to amend the articles and bylaws as the members deem appropriate from time to time; (d) to approve any mergers, consolidations or dissolution and the acquisition or creation of subsidiary corporations; (e) to approve the sale, purchase or encumbrance of real property; (f) to approve new indebtedness incurred by the corporation in excess of one million dollars ($1,000,000); (g) to approve the appointment and dismissal of the president of the corporation which decision will not be unreasonably withheld; (h) to approve successor trustees proposed by the trustees pursuant to article iii, section 2(f); (i) to remove immediately, with or without cause, any or all trustees upon written notice delivered to the registered office of the corporation; and (j) to approve an acting president of the corporation if other than the provost/vice president for academic affairs. Form 990, part vi, section b, line 11b an independent accounting firm prepares the form 990. The audit committee then reviews the complete form 990 and all required schedules, with the exception of schedule b - contributors. Any questions or concerns are addressed and any necessary changes are made. The form 990 and all required schedules, with the exception of schedule b - contributors, is then electronically provided to the entire governing body prior to filing. A public disclosure copy of schedule b is provided to the governing body in order to respect the wishes of contributors who would like to remain anonymous.

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

Individuals (board members and officers) are required to notify the board each year of any conflict of interest issues. This is performed by completing a reporting form and is disclosed at the first board meeting of the year. Also, the vice president for finance and administration is charged with reporting to the board any business transactions between board members and newman university that exceed $25,000. The policy is specific on these points. The board is responsible for determining whether or not a transaction creates a conflict of interest. Once a potential conflict of interest has been identified, the board of trustees may take one or more of the following actions: (1) the trustee who is a covered person may inform the board of the conflict and recuse him or herself from participation in the discussion and refrain from voting on the agenda action item. (2) the board of trustees, after appropriate discussion and through a vote of the board, shall determine, on a situation by situation basis, if a conflict of interest for a financial transaction exists. The covered person may participate in the discussion but may not vote on the determination of whether a conflict of interest exists. If the board determines that a conflict of interest exists, the covered trustee shall be excluded from the discussion and from voting on the agenda action item. (3) in certain circumstances and where a conflict of interest was not reported by the covered person, the board of trustees may disallow a financial transaction, and/or sanction, remove or otherwise discipline the covered person/trustee. Such action, if deemed necessary, shall be accomplished in executive session by a vote of the board of trustees.

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

When determining the compensation of the president, newman university officials compare salary levels to published data in the chronicle of higher education and other professional journals for similar organizations. A review of the form 990 of other similar organizations was also completed. This process was last undertaken in 2017.

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

For others hired, current market conditions are used in addition to comparison of published data in the chronicle of higher education and other professional journals for similar organizations.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflicts of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Newman University Inc
EIN
48-0556716
In Care Of
% JENNIFER GANTZ
Phone
3169424291
Address
3100 MCCORMICK AVENUE, WICHITA, KS 67213-2097

Signing Officer

Name
Teresa Hall Bartels
Title
Trustee/chair
Phone
3169424291
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Noreen Carrocci
Formed
1933
Legal Domicile
Ks
Voting Board Members
29
Independent Board Members
26
Employees
840
Volunteers
29

Preparer

Firm
Bkd Llp
Address
1551 N WATERFRONT PKWY STE 300, WICHITA, KS 67206-6601
Preparer
Shawnell Linot
Phone
3162652811
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Newman university is a catholic university named for john henry cardinal newman and founded by the adorers of the blood of christ for the purpose of empowering graduates to transform society.

Form 990, Part III, Line 1

We are a catholic university named for john henry cardinal newman and founded by the adorers of the blood of christ for the purpose of empowering graduates to transform society. Our core values newman university's mission statement is grounded in the following core values: catholic identity ("we are a catholic university...) as a catholic institution of higher learning, newman finds guidance in ex corde ecclesiae and other teachings of the catholic church and draws nourishment from its relationships with surrounding catholic communities and dioceses. At the same time, our catholic identity is distinctively shaped by the influence both of our founders and sponsors, the adorers of the blood of christ, and of our namesake, the catholic theologian and educator john henry cardinal newman. From the adorers, we receive our special mission of developing and empowering our graduates to work for the betterment of society-a mission inspired by the adorer's own founder, saint maria demattias. From cardinal newman, we inherit our vision of the university as an institution that educates the whole person to seek the truth and to lead a meaningful and purposeful life. Finally, with a strong liberal arts foundation, our curriculum honors the richness and vitality of our catholic intellectual heritage while affirming the value of dialogue involving persons of varied cultures and religious traditions. Academic excellence (...named for john henry cardinal newman...) following the ideals of cardinal newman, we seek to educate the whole person. A firm grounding in the liberal arts strengthens all our programs and instills habits of lifelong learning that will accompany graduates as they pursue a variety of personal, academic, and professional goals. Newman's faculty strives to utilize best practices in instruction, the insights derived from scholarly research, and a culture of assessment to promote classroom and program improvement, while the small college atmosphere of newman facilitates the development of an active, dynamic learning community. In addition, newman university has a special mission-to make an environment of academic excellence available to a diverse range of students and to empower those students, through the education we provide, to transform the world. In sum, it is the development of the intellectual, moral, and spiritual capabilities of the entire university community combined with our collective dedication to the promotion of peace and social justice that characterizes academic excellence at newman university. Culture of service (...and founded by the adorers of the blood of christ...) the passion to serve others is integral to the missions of both newman university and the adorers of the blood of christ. We actualize this mandate by fostering a distinctive culture of service in which each member of the community is encouraged to find personally fulfilling ways of growing through giving. Manifestly, gifts of time and talent are visible symbols of our commitment to transforming the human condition, while inwardly, service is also transformative for the student who successfully develops a critical consciousness that hungers and thirsts for justice and peace. Through our christ-centered humanitarian commitment to serving the underserved, we honor that common mission which we share with our founders and sponsors, namely that of developing and empowering people. Global perspective (...for the purpose of empowering graduates to transform society.") newman university is committed to promoting an interdependent global perspective formed by a critical consciousness that hungers and thirsts for justice and peace. More than just an awareness of other cultures, such a perspective affirms the interdependent nature of all of creation. At the same time, it speaks to the ideal of the educated person in the modern world: a person who possesses a strong sense of self yet embraces difference; a person who not only seeks knowledge but effectively

Form 990, Part XI, Line 9

Related organization change in net assets (1,276)

Financial Statement Notes

Schedule D, Part III, Line 1A

Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes. The university's collections consist of approximately 50 small sculptures and various paintings. They are subject to a policy that requires proceeds from the disposition of collection items to be used to acquire other collection items. No collection items were sold or removed in the year ended june 30, 2019.

Schedule D, Part III, Line 4

The university's collections consist of approximately 50 small sculptures and various paintings. The art collections enhance the art and religious programs of the university.

Schedule D, Part V, Line 4

The intended use of the organization's endowment funds is to underwrite scholarships and educational activities.

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Rental expenses 88,651 special event expenses 107,378 ---------- 196,029

Schedule D, Part XI, Line 4B

SCHOLARSHIPS 16,591,455

Schedule D, Part XII, Line 2D

Rental expenses 88,651 special event expenses 107,378 related org. Expense 1,276 ---------- 197,305

Schedule D, Part XII, Line 4B

SCHOLARSHIPS 16,591,455

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.2$18.3$49.9$43.0$44.8$1.79
2023Detailed filing. Detailed filing data is available for this year.$68.4$18.5$49.9$41.0$43.6$2.61
2022Detailed filing. Detailed filing data is available for this year.$69.3$17.1$52.2$40.9$42.6$1.67
2021Detailed filing. Detailed filing data is available for this year.$76.6$17.9$58.8$43.4$42.6$0.79
2020Detailed filing. Detailed filing data is available for this year.$79.4$27.5$52.0$42.7$41.7$0.96
2019Detailed filing. Detailed filing data is available for this year.$71.9$20.3$51.6$41.6$43.4$1.80
2018Detailed filing. Detailed filing data is available for this year.$75.1$21.1$54.0$43.5$43.8$0.29
2017Detailed filing. Detailed filing data is available for this year.$79.1$23.9$55.1$41.9$41.1$0.86
2016Detailed filing. Detailed filing data is available for this year.$76.3$23.2$53.0$44.7$40.0$4.70
2015Detailed filing. Detailed filing data is available for this year.$73.3$24.2$49.1$43.2$39.2$3.97
2014Detailed filing. Detailed filing data is available for this year.$70.1$24.0$46.1$44.7$39.0$5.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$24.9$38.3$37.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.7$24.9$36.8$34.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.6$27.1$35.5$33.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$27.0$33.6$30.1