Civic Intelligence

Fort Hays Tech North Central Foundation

990 • Fiscal year 2015 • EIN 48-1073437

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 10, 2016

PO Box 507Beloit, KS 67420

(785) 738-2276

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.60x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

12.76x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$99,057

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 84.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

42nd percentile

-1.1%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,496,846

Down $26,839 (-1.1%) from 2014

Net Assets

Up

$991,118

Up $2,268 (+0.2%) from 2014

Liabilities

Down

$1,505,728

Down $29,107 (-1.9%) from 2014

Revenue

Down

$117,962

Down $26,543 (-18%) from 2014

Expenses

Up

$105,851

Up $21,751 (+26%) from 2014

Net Income

Down

$12,111

Down $48,294 (-80%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,612,042Liabilities 2011: $1,679,371Net Assets 2011: $932,6712011Assets 2012: $2,561,249Liabilities 2012: $1,626,776Net Assets 2012: $934,4732012Assets 2013: $2,510,093Liabilities 2013: $1,581,395Net Assets 2013: $928,6982013Assets 2014: $2,523,685Liabilities 2014: $1,534,835Net Assets 2014: $988,8502014Assets 2015: $2,496,846Liabilities 2015: $1,505,728Net Assets 2015: $991,1182015Assets 2016: $2,545,114Liabilities 2016: $1,467,286Net Assets 2016: $1,077,8282016Assets 2017: $2,551,865Liabilities 2017: $1,424,074Net Assets 2017: $1,127,7912017Assets 2018: $2,477,941Liabilities 2018: $1,323,377Net Assets 2018: $1,154,5642018Assets 2019: $2,406,651Liabilities 2019: $1,262,391Net Assets 2019: $1,144,2602019Assets 2020: $2,428,900Liabilities 2020: $1,214,838Net Assets 2020: $1,214,0622020Assets 2021: $2,735,690Liabilities 2021: $1,203,629Net Assets 2021: $1,532,0612021Assets 2022: $3,214,843Liabilities 2022: $1,072,858Net Assets 2022: $2,141,9852022Assets 2023: $3,535,231Liabilities 2023: $999,141Net Assets 2023: $2,536,0902023Assets 2024: $3,733,909Liabilities 2024: $933,575Net Assets 2024: $2,800,3342024Assets 2025: $4,243,516Liabilities 2025: $871,286Net Assets 2025: $3,372,2302025

Highlighted filing

2015

Assets$2,496,846
Liabilities$1,505,728
Net Assets$991,118

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $11,206Expenses 2011: $12,265Net Income 2011: -$1,0592011Revenue 2012: $25,679Expenses 2012: $24,328Net Income 2012: $1,3512012Revenue 2013: $21,353Expenses 2013: $28,320Net Income 2013: -$6,9672013Revenue 2014: $144,505Expenses 2014: $84,100Net Income 2014: $60,4052014Revenue 2015: $117,962Expenses 2015: $105,851Net Income 2015: $12,1112015Revenue 2016: $148,365Expenses 2016: $74,761Net Income 2016: $73,6042016Revenue 2017: $156,717Expenses 2017: $111,118Net Income 2017: $45,5992017Revenue 2018: $169,206Expenses 2018: $147,410Net Income 2018: $21,7962018Revenue 2019: $132,680Expenses 2019: $152,709Net Income 2019: -$20,0292019Revenue 2020: $301,415Expenses 2020: $234,454Net Income 2020: $66,9612020Revenue 2021: $403,333Expenses 2021: $124,239Net Income 2021: $279,0942021Revenue 2022: $843,250Expenses 2022: $224,503Net Income 2022: $618,7472022Revenue 2023: $673,513Expenses 2023: $286,559Net Income 2023: $386,9542023Revenue 2024: $582,937Expenses 2024: $318,693Net Income 2024: $264,2442024Revenue 2025: $1,044,263Expenses 2025: $472,367Net Income 2025: $571,8962025

Highlighted filing

2015

Revenue$117,962
Expenses$105,851
Net Income$12,111
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 10, 2016
Return Version
2014v6.0
Gross Receipts
$256,704
Mission and Program Overview

Mission

To develop, improve, advance and support the north central kansas technical college.

To develop, improve, advance, and support the north central kansas technical college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,971,214$1,918,812▼ $52,402
Savings and Temporary Cash Investments$496,622$347,174▼ $149,448
Investments in Publicly Traded Securities$11,360$186,371▲ $175,011
Accounts Receivable$44,489$44,489→ $0
Total Assets$2,523,685$2,496,846▼ $26,839
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,498,407$1,449,706▼ $48,701
Other Liabilities$36,428$35,519▼ $909
Accounts Payable and Accrued Expenses-$20,503-
Total Liabilities$1,534,835$1,505,728▼ $29,107
Net Assets / Fund Balance
Unrestricted Net Assets$656,074$620,733▼ $35,341
Temporarily Rstr Net Assets$181,776$200,385▲ $18,609
Permanently Rstr Net Assets$151,000$170,000▲ $19,000
Total Net Assets Fund Balance$988,850$991,118▲ $2,268
Total Liabilities and Net Assets / Fund Balance$2,523,685$2,496,846▼ $26,839

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,918,812$711,249$2,630,061

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$151,000$19,000--$170,000
2013$131,000$20,000--$151,000
2012$131,000---$131,000
2011$131,000---$131,000
2010$131,000---$131,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
Eric BurksEx-officio Board Member$99,057$99,057
Brandi ZimmerTreasurer/ex-officio Board$71,050$71,050
Dean FranzenEx-officio Board Member$40,311$40,311
Bobette RoestiSecretary/ex-officio Board Member$30,714$30,714

Board Members and Trustees

NameTitle
Chantz MartinPresident/trustee
George EakinVice President/trustee
Bob SeveranceTrustee
Bruno RehbeinTrustee
Darrell BohnertTrustee
Dorinda ShamburgTrustee
Doug SimmsTrustee
Elaine BowersTrustee
Gina RiedelTrustee
Jim JohnsonTrustee
John CyrTrustee
Ron McmillianTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$100,388
Program Service Revenue
$0
Investment Income
$11,865
Other Revenue
$5,709
All Other Contributions
$100,388
Change in Net Assets
$12,111

Audited Revenue Reconciliation

Revenue per Audited Statements
$117,962
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$113,073
Total Revenue per Audited Statements
$231,035
Total Revenue per Form 990
$117,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$75,051
Grants and Similar Amounts Paid$30,800
Total Fundraising Expense$18,265
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$37,367$10,184$3,395$50,946
Grants to Domestic Individuals$30,800--$30,800
Advertising--$13,469$13,469
Other Expenses$25$3,330$1,401$4,756
Fees for Services Accounting-$4,250-$4,250
Fees for Service Investment Mgmnt Fees-$1,630-$1,630
Total Functional Expenses$68,192$19,394$18,265$105,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$228,767
Expenses Not Reported on Form 990$122,916
Expenses per Audited Statements$105,851
Total Expenses per Form 990$105,851
Expenses Not Reported on Financial Statements$0
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
Accrued Interest Payable$35,519
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

There are no committees within the association that have authority to act on behalf of the board of directors.

Form 990, Part VI, Section B, Line 11

A copy of the 990 is reviewed by certain members of the board of directors prior to filing.

Form 990, Part VI, Section C, Line 18

The organization's form 990 will be available to the public by request onsite.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements will be available to the public by request onsite.

Filing and Contact Details

Filer

Filer Name
North Central Kansas Endowment Assoc
EIN
48-1073437
Phone
7857382276
Address
PO BOX 507, BELOIT, KS 67420

Signing Officer

Name
Bob Severence
Title
President
Phone
7857382276
Signed
2016-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Severance
Formed
1983
Legal Domicile
Ks
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Dana F Cole & Company Llp
Address
10975 BENSON SUITE 300, OVERLAND PARK, KS 66210
Preparer
Kim K Pearson
Phone
9133418200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The board of directors selects the independent auditors. Upon completion of the audit engagement, a meeting is held to discuss the financial statements and any audit findings.

Financial Statement Notes

PART V, LINE 4:

Earnings from the endowment are to be used for awarding scholarships.

PART X, LINE 2:

Income taxes the association is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation. The association has adopted the provisions of fasb asc 740-10, "accounting for uncertain tax positions". The association continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. Management does not expect the interpretation will have a material impact (if any) on its changes in net assets or financial position. The association's u.s. Federal income tax returns for june 30, 2012 and after are subject to examination by the tax authorities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses shown as netted with rental income on line 6(b) 122,916.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses shown on line 6(b) on the federal form 990 122,916.

Raw XML AppendixShowing 400 of 523 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/InvestmentIncomeGrp/TotalRevenueColumnAmt012460
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011360
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0186371
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0711249
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01971214
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01918812
IRS990/LandBldgEquipCostOrOtherBssAmt02630061
IRS990/LegalDomicileStateCd0KS
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt015826
IRS990/LessRentalExpensesGrp/RealAmt0122916
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP, IMPROVE, ADVANCE AND SUPPORT THE NORTH CENTRAL KANSAS TECHNICAL COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01498407
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01449706
IRS990/NetAssetsOrFundBalancesBOYAmt0988850
IRS990/NetAssetsOrFundBalancesEOYAmt0991118
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-595
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-595
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt05709
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05709
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-9843
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER ADMINISTRATIVE
IRS990/OtherExpensesGrp/FundraisingAmt01401
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03330
IRS990/OtherExpensesGrp/ProgramServicesAmt025
IRS990/OtherExpensesGrp/TotalAmt04756
IRS990/OtherLiabilitiesGrp/BOYAmt036428
IRS990/OtherLiabilitiesGrp/EOYAmt035519
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt03395
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt010184
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt037367
IRS990/PaymentsToAffiliatesGrp/TotalAmt050946
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0151000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0170000
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BOB SEVERANCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING THE NORTH CENTRAL KANSAS TECHNICAL COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt030800
IRS990/ProgSrvcAccomActy2Grp/GrantAmt030800
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE FUNDING TO NORTH CENTRAL KANSAS TECHNICAL COLLEGE FOR INTENDED PURPOSES FROM DORNOR REQUESTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt017000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE REIMBURSEMENT TO NORTH CENTRAL KANSAS TECHNICAL COLLEGE FOR USE OF COLLEGE STAFF FOR ASSOCIATION OPERATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt020392
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0139737
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt026743
IRS990/PYInvestmentIncomeAmt02274
IRS990/PYOtherExpensesAmt057357
IRS990/PYOtherRevenueAmt02494
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt060405
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt084100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0144505
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt012111
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05709
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0496622
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0347174
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0480691131
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0191108
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NORTH CENTRAL KANSAS TECHNICAL COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0191108
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01918812
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0711249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02630061
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0151000
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt019000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0170000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0131000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt020000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0151000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0131000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0131000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0131000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0131000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0131000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0131000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0122916
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0105851
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-9843
IRS990ScheduleD/OtherExpensesIncludedAmt0122916
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt035519
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherRevenueAmt0122916
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt0113073
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0117962
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EARNINGS FROM THE ENDOWMENT ARE TO BE USED FOR AWARDING SCHOLARSHIPS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10, "ACCOUNTING FOR UNCERTAIN TAX POSITIONS". THE ASSOCIATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. MANAGEMENT DOES NOT EXPECT THE INTERPRETATION WILL HAVE A MATERIAL IMPACT (IF ANY) ON ITS CHANGES IN NET ASSETS OR FINANCIAL POSITION. THE ASSOCIATION'S U.S. FEDERAL INCOME TAX RETURNS FOR JUNE 30, 2012 AND AFTER ARE SUBJECT TO EXAMINATION BY THE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES SHOWN AS NETTED WITH RENTAL INCOME ON LINE 6(B) 122,916.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES SHOWN ON LINE 6(B) ON THE FEDERAL FORM 990 122,916.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01918812
IRS990ScheduleD/TotalExpensesPerForm990Amt0105851
IRS990ScheduleD/TotalLiabilityAmt035519
IRS990ScheduleD/TotalRevenuePerForm990Amt0117962
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0231035
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0228767
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt030800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED UPON NEED AND MERIT. RECORDS ARE KEPT ON SCHOLARSHIP APPLICATIONS AND STUDENT TRANSCRIPTS ARE REVIEWED TO ENSURE ELIGIBILITY CRITERIA ARE MET.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITHIN THE ASSOCIATION THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS REVIEWED BY CERTAIN MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 WILL BE AVAILABLE TO THE PUBLIC BY REQUEST ONSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS WILL BE AVAILABLE TO THE PUBLIC BY REQUEST ONSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITORS. UPON COMPLETION OF THE AUDIT ENGAGEMENT, A MEETING IS HELD TO DISCUSS THE FINANCIAL STATEMENTS AND ANY AUDIT FINDINGS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.24$0.87$3.37$1.04$0.47$0.57
2024Detailed filing. Detailed filing data is available for this year.$3.73$0.93$2.80$0.58$0.32$0.26
2023Detailed filing. Detailed filing data is available for this year.$3.54$1.00$2.54$0.67$0.29$0.39
2022Detailed filing. Detailed filing data is available for this year.$3.21$1.07$2.14$0.84$0.22$0.62
2021Detailed filing. Detailed filing data is available for this year.$2.74$1.20$1.53$0.40$0.12$0.28
2020Detailed filing. Detailed filing data is available for this year.$2.43$1.21$1.21$0.30$0.23$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.41$1.26$1.14$0.13$0.15$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.48$1.32$1.15$0.17$0.15$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.55$1.42$1.13$0.16$0.11$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.55$1.47$1.08$0.15$0.07$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.50$1.51$0.99$0.12$0.11$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.52$1.53$0.99$0.14$0.08$0.06
2013Summary only. Only limited summary data is available for this year.$2.51$1.58$0.93$0.02$0.03$0.01
2012Summary only. Only limited summary data is available for this year.$2.56$1.63$0.93$0.03$0.02$0.00
2011Summary only. Only limited summary data is available for this year.$2.61$1.68$0.93$0.01$0.01$0.00