Civic Intelligence

Foundation for Teaching Economics

990 • Fiscal year 2015 • EIN 51-0183347

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 31, 2016

Organization ProfileWWW.FTE.ORG

View Organization Page

260 Russell Boulevard No BDavis, CA 95616

(530) 757-4630

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

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

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

95th percentile

$318,081

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

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

Asset Growth

70th percentile

7.8%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

17th percentile

-17%

Faster revenue growth than 17% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$1,837,637

Up $133,115 (+7.8%) from 2014

Net Assets

Up

$1,740,122

Up $322,644 (+23%) from 2014

Liabilities

Down

$97,515

Down $189,529 (-66%) from 2014

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin70th percentile

Revenue

Down

$2,597,932

Down $528,630 (-17%) from 2014

Expenses

Down

$2,289,550

Down $367,721 (-14%) from 2014

Net Income

Down

$308,382

Down $160,909 (-34%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$10M$5.0M$0Assets 2010: $7,780,535Liabilities 2010: $302,626Net Assets 2010: $7,477,9092010Assets 2011: $8,024,015Liabilities 2011: $279,797Net Assets 2011: $7,744,2182011Assets 2012: $6,478,115Liabilities 2012: $293,281Net Assets 2012: $6,184,8342012Assets 2013: $1,218,304Liabilities 2013: $271,287Net Assets 2013: $947,0172013Assets 2014: $1,704,522Liabilities 2014: $287,044Net Assets 2014: $1,417,4782014Assets 2015: $1,837,637Liabilities 2015: $97,515Net Assets 2015: $1,740,1222015Assets 2016: $2,055,041Liabilities 2016: $76,529Net Assets 2016: $1,978,5122016Assets 2017: $2,026,578Liabilities 2017: $77,909Net Assets 2017: $1,948,6692017Assets 2018: $1,517,366Liabilities 2018: $50,304Net Assets 2018: $1,467,0622018Assets 2019: $186,570Liabilities 2019: $0Net Assets 2019: $186,5702019Assets 2020: $44,100Liabilities 2020: $0Net Assets 2020: $44,1002020Assets 2021: $23,135Liabilities 2021: $0Net Assets 2021: $23,1352021Assets 2022: $14,516Liabilities 2022: $0Net Assets 2022: $14,5162022Assets 2023: $21,042Liabilities 2023: $13,818Net Assets 2023: $7,2242023Assets 2024: $27,112Liabilities 2024: $195Net Assets 2024: $26,9172024

Highlighted filing

2015

Assets$1,837,637
Liabilities$97,515
Net Assets$1,740,122
Open 2015 Filing

Operations Trend

Revenue Growth17th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $3,688,7672010Revenue 2011: $6,105,224Expenses 2011: $3,421,069Net Income 2011: $2,684,1552011Revenue 2012: $1,374,907Expenses 2012: $3,207,027Net Income 2012: -$1,832,1202012Revenue 2013: $3,241,721Expenses 2013: $8,494,059Net Income 2013: -$5,252,3382013Revenue 2014: $3,126,562Expenses 2014: $2,657,271Net Income 2014: $469,2912014Revenue 2015: $2,597,932Expenses 2015: $2,289,550Net Income 2015: $308,3822015Revenue 2016: $2,791,457Expenses 2016: $2,553,067Net Income 2016: $238,3902016Revenue 2017: $2,603,297Expenses 2017: $2,633,140Net Income 2017: -$29,8432017Revenue 2018: $2,228,468Expenses 2018: $2,710,075Net Income 2018: -$481,6072018Revenue 2019: $229,104Expenses 2019: $1,509,596Net Income 2019: -$1,280,4922019Revenue 2020: $252,428Expenses 2020: $394,898Net Income 2020: -$142,4702020Revenue 2021: $29,310Expenses 2021: $50,275Net Income 2021: -$20,9652021Revenue 2022: $145,824Expenses 2022: $154,443Net Income 2022: -$8,6192022Revenue 2023: $87,200Expenses 2023: $94,492Net Income 2023: -$7,2922023Revenue 2024: $47,479Expenses 2024: $27,786Net Income 2024: $19,6932024

Highlighted filing

2015

Revenue$2,597,932
Expenses$2,289,550
Net Income$308,382
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 31, 2016
Return Version
2015v2.1
Gross Receipts
$2,698,830
Mission and Program Overview

Mission

The mission of the fte is to provide funding to introduce young individuals, selected for their leadership potential, to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators.

The mission of the fte is to introduce young individuals, selected for their leadership potential, to an economic way of thinking about national and international issues, and to promote excellence in economic education by helping teachers of economics become more effective educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,127,237$1,426,749▲ $299,512
Pledges and Grants Receivable$414,536$235,063▼ $179,473
Savings and Temporary Cash Investments$41,850$96,078▲ $54,228
Investments in Publicly Traded Securities$23,179$36,897▲ $13,718
Land, Buildings, and Equipment, Net$23,823$21,888▼ $1,935
Prepaid Expenses and Deferred Charges$51,200$14,849▼ $36,351
Accounts Receivable$22,697$6,113▼ $16,584
Total Assets$1,704,522$1,837,637▲ $133,115
Liabilities
Accounts Payable and Accrued Expenses$276,596$87,070▼ $189,526
Other Liabilities$10,448$7,020▼ $3,428
Deferred Revenue-$3,425-
Total Liabilities$287,044$97,515▼ $189,529
Net Assets / Fund Balance
Unrestricted Net Assets$989,711$1,420,812▲ $431,101
Temporarily Rstr Net Assets$427,767$319,310▼ $108,457
Total Net Assets Fund Balance$1,417,478$1,740,122▲ $322,644
Total Liabilities and Net Assets / Fund Balance$1,704,522$1,837,637▲ $133,115

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,888$118,761$140,649
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James KlauderVP, Public Affairs & DevelFT$142,111$32,129$174,240
Thomas T TuckerVP, Program Affairs & AdminFT$113,430$35,681$149,111
William GreggDirector of FinanceFT$42,675$25,395$68,070

Board Members and Trustees

NameTitle
Frank LauingerChairman
Roger R ReamTrustee/president
Caroline Weil BarnettTrustee
Dean ZarrasTrustee
John LeeTrustee
John ManfrediTrustee
Steve SlatteryTrustee
Whitney L BallTrustee
Rob CallahanCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$2,136,082
Program Service Revenue
$458,316
Investment Income
$3,534
Other Revenue
$0
All Other Contributions
$2,136,082
Change in Net Assets
$308,382

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$104,825Fair Market Value (FMV)
Total Noncash Contributions2$104,825-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,597,932
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,262
Total Revenue per Audited Statements
$2,612,194
Total Revenue per Form 990
$2,597,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,155,586
Salaries, Compensation, and Employee Benefits$1,133,964
Total Fundraising Expense$329,149
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$508,792$88,582$138,140$735,514
Conferences and Meetings$421,946$22,231$2,910$447,087
Current Officers, Directors, Trustees, and Key Employees$163,528$30,434$48,348$242,310
Travel$167,108$2,322$10,344$179,774
Office Expenses$60,834$14,839$40,268$115,941
Advertising$105,101$33$5,745$110,879
Occupancy$27,209$42,057$25,368$94,634
Other Employee Benefits$56,239$13,565$22,856$92,660
Fees for Services Other$26,520$31,283$8,680$66,483
Payroll Taxes$33,500$8,080$13,614$55,194
Fees for Services Accounting$10,166$11,992$3,327$25,485
Depreciation Depletion$6,127$10,454$912$17,493
Fees for Services Legal$5,220$6,157$1,709$13,086
Pension Plan Contributions$5,029$1,213$2,044$8,286
Information Technology$1,637$1,562$1,250$4,449
Other Expenses$236$169$926$1,331
Total Functional Expenses$1,675,333$285,068$329,149$2,289,550

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,289,550
Total Expenses per Audited Statements$2,289,550
Total Expenses per Form 990$2,289,550
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Housing Deposits$7,020
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The return is sent to all trustees and to outside legal counsel for their review before filing, and the return is filed after their review.”

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

“Each year the existing conflict of interest policy is circulated to the trustees to sign/return (adopted 10/22/15); they must state that they have read and understand the document, and that they do not have any conflicts nor take any action that would appear to constitute a conflict in addition a questionnaire is sent to trustees along with the policy, asking about any potential conflicts or independence issues, which also must be signed/returned.”

Form 990, Part VI, Section B, Line 15

“Fte's ceo and cfo are employed by tfas (parent company) and follow the tfas compensation/review process. The tfas board compensation committee reviews comparability data, 990 data, etc. To determine the ceo pay. The ceo is charged with hiring the rest of the employees.”

Form 990, Part VI, Section C, Line 19

“Audited financial statements and irs form 990 are made available to the public on the organization's web site or upon request by providing copies or inspection at our office for the same period of disclosure as set forth in section 6104(d). Fte's governing documents and conflict of interest policy are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Foundation for Teaching Economics
EIN
51-0183347
Phone
5307574630
Address
260 RUSSELL BOULEVARD NO B, DAVIS, CA 95616

Signing Officer

Name
Roger R Ream
Title
President of Fte
Phone
5307574630
Signed
2016-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger R Ream
Formed
1975
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
5
Employees
50
Volunteers
5

Preparer

Firm
Rsm US Llp
Address
9737 WASHINGTONIAN BLVD 400, GAITHERSBURG, MD 20878-7340
Preparer
William E Turco CPA
Phone
3012963600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is generally exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. In addition, the foundation qualifies for charitable contribution deductions and has been classified as an organization that is not a private foundation. Income that is not related to exempt purposes, less applicable deductions, is subject to federal and state corporate income taxes. The foundation did not have any significant net unrelated business income for the year ended december 31, 2015. The foundation follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated the foundation's tax positions and concluded that the foundation has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. Generally, the foundation is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities for years before 2012.”

Raw XML AppendixShowing 400 of 595 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/ActivityOrMissionDesc0THE MISSION OF THE FTE IS TO INTRODUCE YOUNG INDIVIDUALS, SELECTED FOR THEIR LEADERSHIP POTENTIAL, TO AN ECONOMIC WAY OF THINKING ABOUT NATIONAL AND INTERNATIONAL ISSUES, AND TO PROMOTE EXCELLENCE IN ECONOMIC EDUCATION BY HELPING TEACHERS OF ECONOMICS BECOME MORE EFFECTIVE EDUCATORS.
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IRS990/Desc0STUDENT PROGRAMSECONOMICS FOR LEADERSEFL IS A SELECTIVE WEEK-LONG SUMMER PROGRAM THAT TEACHES HIGH SCHOOL STUDENTS HOW TO INTEGRATE ECONOMICS INTO THE PROCESS OF DECISION-MAKING IN A HANDS-ON, EXPERIENTIAL ENVIRONMENT. PROGRAMS ARE HELD ON COLLEGE CAMPUSES ACROSS THE COUNTRY.PROGRAMS ARE LED BY ECONOMICS PROFESSORS AND LEADERSHIP INSTRUCTORS SELECTED, NATIONWIDE, FOR THEIR EXPERTISE AND TEACHING EFFECTIVENESS. MORNING DISCUSSIONS, ACTIVITIES, AND INTERACTIVE SESSIONS INTRODUCE PARTICIPANTS TO THE "ECONOMIC WAY OF THINKING." AFTERNOON SESSIONS BUILD AN UNDERSTANDING OF LEADERSHIP AND PARTICIPANTS PRACTICE LEADERSHIP SKILLS IN A FUN-FILLED SERIES OF TASKS AND DILEMMAS. STUDENTS ALSO ENGAGE IN A CREATIVE DECISION-MAKING CHALLENGE IN WHICH THEY APPLY AND DEMONSTRATE THE SKILLS AND KNOWLEDGE THEY HAVE GAINED DURING THE WEEK.LEADERSHIP ACADEMY"LEADERSHIP AND ECONOMICS" IS AN EXTENSION OF OUR ECONOMICS FOR LEADERS PROGRAM. THE PROGRAM EXPANDS THE ECONOMIC REASONING SKILLS LEARNED IN EFL THROUGH 4 DAYS OF ACTIVITIES AND PROJECTS IN THE INTERACTIVE STYLE FOUND IN EFL. TOPICS INCLUDE HISTORY, GOVERNMENT POLICY, LEADERSHIP, AND ECONOMICS. STUDENTS ARE CHALLENGED TO TAKE THEIR EFL EXPERIENCE TO THE NEXT LEVEL BY APPLYING THE ECONOMIC REASONING PROPOSITIONS TO HISTORICAL ANALYSIS AND TO DILEMMAS OF LEADERSHIP.TEACHER PROGRAMSECONOMICS FOR LEADERSIN THESE WEEK-LONG PROGRAMS, HIGH SCHOOL TEACHERS "GO BACK TO SCHOOL AND ARE TAUGHT BY UNIVERSITY PROFESSORS AND MENTOR TEACHERS. WHAT'S UNIQUE ARE THE GAMES AND SIMULATIONS: INSTRUCTORS RUN THE ACTIVITIES WITH REAL STUDENTS SO THE TEACHERS CAN OBSERVE THE STUDENTS' INTERACTIONS. THE TEACHERS SEE, UP CLOSE, WHY FTE-DESIGNED LESSONS ARE SO EFFECTIVE AND LEAVE WITH A BETTER KNOWLEDGE OF ECONOMICS, NEW CLASSROOM STRATEGIES, AND A RENEWED ENTHUSIASM FOR TEACHING.OTHER TEACHER PROGRAMS INCLUDE ECONOMIC ISSUES FOR TEACHERS, ENVIRONMENT AND THE ECONOMY, AND RIGHT START IN TEACHING ECONOMICSOTHER PROGRAMSONE DAY SEMINARS - SINGLE TOPIC WORKSHOPS THAT SHOW HOW ECONOMIC REASONING CAN ENHANCE STUDENT LEARNING ABOUT CONTEMPORARY ISSUES.ONLINE PROGRAMS - USER FRIENDLY AND HIGHLY INTERACTIVE PROGRAMS WHERE PARTICIPANTS RECEIVE ECONOMICS CURRICULUM, LECTURE AND VIDEO DEMONSTRATIONS, ONLINE INTERACTION WITH TEACHERS AROUND THE COUNTRY AND WORLD, AND GRADUATE CREDIT. GARY WALTON AWARD FOR LEADERSHIP IN ECONOMIC EDUCATION - AN AWARD PRESENTED TO AN INDIVIDUAL WHO HAS ADVANCED THE UNDERSTANDING AND APPLICATION OF ECONOMICS AND THE ECONOMIC WAY OF THINKING, SHOWN EXEMPLARY DEDICATION TO IMPROVING ECONOMIC EDUCATION AND THE TEACHING OF ECONOMICS, AND HAS INSPIRED STUDENTS, TEACHERS, OR THE GENERAL PUBLIC TO APPRECIATE HOW THE ECONOMIC WAY OF THINKING STRENGTHEN AND INFORMS LEADERSHIP.
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IRS990/Form990PartVIISectionAGrp/PersonNm4WHITNEY L BALL
IRS990/Form990PartVIISectionAGrp/PersonNm5CAROLINE WEIL BARNETT
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE SLATTERY
IRS990/Form990PartVIISectionAGrp/PersonNm7ROGER R REAM
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM GREGG
IRS990/Form990PartVIISectionAGrp/PersonNm9ROB CALLAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES KLAUDER
IRS990/Form990PartVIISectionAGrp/PersonNm11THOMAS T TUCKER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP, PUBLIC AFFAIRS & DEVEL
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IRS990/MissionDesc0THE MISSION OF THE FTE IS TO INTRODUCE YOUNG INDIVIDUALS, SELECTED FOR THEIR LEADERSHIP POTENTIAL, TO AN ECONOMIC WAY OF THINKING ABOUT NATIONAL AND INTERNATIONAL ISSUES, AND TO PROMOTE EXCELLENCE IN ECONOMIC EDUCATION BY HELPING TEACHERS OF ECONOMICS BECOME MORE EFFECTIVE EDUCATORS.
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IRS990/PayrollTaxesGrp/FundraisingAmt013614
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08080
IRS990/PayrollTaxesGrp/ProgramServicesAmt033500
IRS990/PayrollTaxesGrp/TotalAmt055194
IRS990/PensionPlanContributionsGrp/FundraisingAmt02044
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01213
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0235063
IRS990/PoliticalCampaignActyInd00
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IRS990/PrincipalOfficerNm0ROGER R REAM
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
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IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYOtherRevenueAmt00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE FOUNDATION DID NOT HAVE ANY SIGNIFICANT NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2015. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,837,637
Liabilities
$97,515
Net assets
$1,740,122
Revenue
$2,597,932
Expenses
$2,289,550
Net income
$308,382
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.05$0.03$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.09$0.09$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.15$0.15$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.03$0.05$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.25$0.39$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.23$1.51$1.28
2018Detailed filing. Detailed filing data is available for this year.$1.52$0.05$1.47$2.23$2.71$0.48
2017Detailed filing. Detailed filing data is available for this year.$2.03$0.08$1.95$2.60$2.63$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.06$0.08$1.98$2.79$2.55$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.10$1.74$2.60$2.29$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.70$0.29$1.42$3.13$2.66$0.47
2013Summary only. Only limited summary data is available for this year.$1.22$0.27$0.95$3.24$8.49$5.25
2012Summary only. Only limited summary data is available for this year.$6.48$0.29$6.18$1.37$3.21$1.83
2011Summary only. Only limited summary data is available for this year.$8.02$0.28$7.74$6.11$3.42$2.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.78$0.30$7.48$3.69