Civic Intelligence

Foundation for Teaching Economics

990 • Fiscal year 2017 • EIN 51-0183347

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 21, 2018

260 Russell Boulevard Suite BDavis, CA 95616

(530) 757-4630

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

36th percentile

-1.1%

Higher net margin than 36% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$360,163

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-6.7%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,026,578

Down $28,463 (-1.4%) from 2016

Net Assets

Down

$1,948,669

Down $29,843 (-1.5%) from 2016

Liabilities

Up

$77,909

Up $1,380 (+1.8%) from 2016

Revenue

Down

$2,603,297

Down $188,160 (-6.7%) from 2016

Expenses

Up

$2,633,140

Up $80,073 (+3.1%) from 2016

Net Income

Down

-$29,843

Down $268,233 (-113%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$2,026,578
Liabilities$77,909
Net Assets$1,948,669

Operations Trend

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

2017

Revenue$2,603,297
Expenses$2,633,140
Net Income-$29,843
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 21, 2018
Return Version
2017v2.3
Gross Receipts
$2,603,297
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
Savings and Temporary Cash Investments$175,165$1,175,431▲ $1,000,266
Cash and Non-Interest-Bearing Accounts$1,768,735$628,257▼ $1,140,478
Pledges and Grants Receivable$72,128$166,501▲ $94,373
Prepaid Expenses and Deferred Charges$10,450$30,308▲ $19,858
Land, Buildings, and Equipment, Net$20,407$26,044▲ $5,637
Accounts Receivable$8,156$37▼ $8,119
Total Assets$2,055,041$2,026,578▼ $28,463
Liabilities
Accounts Payable and Accrued Expenses$65,004$73,284▲ $8,280
Deferred Revenue$11,525$4,625▼ $6,900
Total Liabilities$76,529$77,909▲ $1,380
Net Assets / Fund Balance
Unrestricted Net Assets$1,460,604$1,410,269▼ $50,335
Temporarily Rstr Net Assets$517,908$538,400▲ $20,492
Total Net Assets Fund Balance$1,978,512$1,948,669▼ $29,843
Total Liabilities and Net Assets / Fund Balance$2,055,041$2,026,578▼ $28,463

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$26,044$66,749$92,793
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James KlauderVP, Public Affairs & DevelFT$151,723$35,290$187,013
Thomas T TuckerVP, Program Affairs & AdmiFT$116,251$34,794$151,045
Robert J CallahanChief Financial OfficerPT$56,000$121,039$56,000
Roger ReamTrustee/presidentPT$35,000$325,163$35,000
Steve SlatteryTrusteePT$19,000$163,162$19,000

Board Members and Trustees

NameTitle
Frank LauingerChairman
Caroline Weil BarnettTrustee
Dean ZarrasTrustee
John LeeTrustee
John ManfrediTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,732,773
Program Service Revenue
$854,870
Investment Income
$4,794
Other Revenue
$10,860
All Other Contributions
$1,732,773
Change in Net Assets
$-29,843

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 Traded1$113,125Fair Market Value (FMV)
Total Noncash Contributions1$113,125-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,419,947
Revenue Not Reported on Financial Statements
$183,350
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$183,350
Total Revenue per Audited Statements
$2,419,947
Total Revenue per Form 990
$2,603,297
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,300,574
Salaries, Compensation, and Employee Benefits$1,134,816
Total Fundraising Expense$359,382
Grants and Similar Amounts Paid$183,350
Professional Fundraising Fees$14,400

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$528,270$74,740$137,676$740,686
Conferences and Meetings$602,210$1,187$1,278$604,675
Current Officers, Directors, Trustees, and Key Employees$237,610$17,821$41,582$297,013
Travel$214,090$1,785$23,591$239,466
Office Expenses$135,820$12,499$61,322$209,641
Grants to Domestic Individuals$183,350--$183,350
Advertising$44,000$407$626$45,033
Payroll Taxes$28,677$6,338$9,934$44,949
Other Employee Benefits$10,178$5,600$26,429$42,207
Occupancy$21,619$4,778$7,350$33,747
Fees for Services Accounting$18,408$4,067$6,257$28,732
Other Expenses$69,360-$19,469$19,469
Insurance$11,983$2,648$4,073$18,704
Fees for Services Other$15,351--$15,351
Fees for Services Professional Fundraising--$14,400$14,400
Pension Plan Contributions$5,127$1,821$3,013$9,961
Depreciation Depletion-$9,670-$9,670
Information Technology$1,640$365$1,731$3,736
Fees for Services Legal$1,916$423$651$2,990
Total Functional Expenses$2,129,609$144,149$359,382$2,633,140

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,633,140
Expenses per Audited Statements$2,449,790
Total Expenses per Audited Statements$2,449,790
Expenses Not Reported on Financial Statements$183,350
Other Expense Adjustments$183,350
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$14,400
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

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 15A

A tax-exempt section 501(c)(3) organization that controls fte. See schedule r. They follow tfas' compensation and review process. Tfas' compensation committee reviews compensation data, including from forms 990 filed by comparable organizations, in determining the ceo's compensation. The ceo is charged with hiring and setting compensation for other officers and key 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 SUITE B, DAVIS, CA 95616

Signing Officer

Name
Roger R Ream
Title
President
Phone
5307574630
Signed
2018-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger R Ream
Formed
1975
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
5
Employees
41
Volunteers
5

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:

Student programs economics for leaders: efl 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. Economic history for leaders: ehfl is a selective week-long summer program that teaches high school students to use economic reasoning to understand pivotal events in american history. These programs are held on college campuses across the country and are led by economic history and mentor teachers. Teacher programs economics for leaders: in these week-long programs, high school teachers "go back to schooland 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 forces in american history, economic issues for teachers, environment and the economy, and right start in teaching economics. Other programs one 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 strengthens and informs leadership.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the foundation's tax-exempt purpose is subject to taxation as unrelated business income. There has been no unrelated business income or income tax expense for the year ended december 31, 2017. Management believes that the foundation has appropriate support for any tax position taken and, as such, does not have any uncertain tax positions that are material to the financial statements. The foundation recognizes interest expense and penalties related to unrecognized tax positions in accounts payable and accrued expenses and other expense on the financial statements. The foundation reported no penalties and interest related to unrecognized tax positions for the year ended december 31, 2017. Tax years prior to 2014 are no longer subject to examination by the irs or the tax jurisdiction of california.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

SCHOLARSHIPS 183,350.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

SCHOLARSHIPS 183,350.

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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/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP, PUBLIC AFFAIRS & DEVEL
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP, PROGRAM AFFAIRS & ADMI
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0183350
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0183350
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0183350
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02603297
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01731
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0365
IRS990/InformationTechnologyGrp/ProgramServicesAmt01640
IRS990/InformationTechnologyGrp/TotalAmt03736
IRS990/InsuranceGrp/FundraisingAmt04073
IRS990/InsuranceGrp/ManagementAndGeneralAmt02648
IRS990/InsuranceGrp/ProgramServicesAmt011983
IRS990/InsuranceGrp/TotalAmt018704
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04794
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04794
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt066749
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020407
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026044
IRS990/LandBldgEquipCostOrOtherBssAmt092793
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01978512
IRS990/NetAssetsOrFundBalancesEOYAmt01948669
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0113125
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt07350
IRS990/OccupancyGrp/ManagementAndGeneralAmt04778
IRS990/OccupancyGrp/ProgramServicesAmt021619
IRS990/OccupancyGrp/TotalAmt033747
IRS990/OfficeExpensesGrp/FundraisingAmt061322
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012499
IRS990/OfficeExpensesGrp/ProgramServicesAmt0135820
IRS990/OfficeExpensesGrp/TotalAmt0209641
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt026429
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05600
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010178
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042207
IRS990/OtherExpensesGrp/Desc0STUDENT RECRUITMENT
IRS990/OtherExpensesGrp/Desc1DIRECT MAIL CAMPAIGN
IRS990/OtherExpensesGrp/FundraisingAmt019469
IRS990/OtherExpensesGrp/ProgramServicesAmt069360
IRS990/OtherExpensesGrp/TotalAmt069360
IRS990/OtherExpensesGrp/TotalAmt119469
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010860
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010860
IRS990/OtherRevenueTotalAmt010860
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0137676
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt074740
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0528270
IRS990/OtherSalariesAndWagesGrp/TotalAmt0740686
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09934
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06338
IRS990/PayrollTaxesGrp/ProgramServicesAmt028677
IRS990/PayrollTaxesGrp/TotalAmt044949
IRS990/PensionPlanContributionsGrp/FundraisingAmt03013
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01821
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05127
IRS990/PensionPlanContributionsGrp/TotalAmt09961
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt072128
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0166501
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010450
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030308
IRS990/PrincipalOfficerNm0ROGER R REAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0854870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0854870
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02170096
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt088770
IRS990/PYInvestmentIncomeAmt04305
IRS990/PYOtherExpensesAmt01354131
IRS990/PYOtherRevenueAmt08744
IRS990/PYProgramServiceRevenueAmt0608312
IRS990/PYRevenuesLessExpensesAmt0238390
IRS990/PYSalariesCompEmpBnftPaidAmt01110166
IRS990/PYTotalExpensesAmt02553067
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02791457
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-29843
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0854870
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0175165
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01175431
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2016 AMOUNT: $ 8,744. 2017 AMOUNT: $ 10,860.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01732773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02170096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02136082
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02637813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02811810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011488574
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04794
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0454
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0421
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010236
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015905
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02829501
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt010860
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08744
IRS990ScheduleA/OtherIncome170Grp/TotalAmt019604
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55480
IRS990ScheduleA/PublicSupportPY170Pct00.55780
IRS990ScheduleA/PublicSupportTotal170Amt06393617
IRS990ScheduleA/SubstantialContributorsTotAmt05094957
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01732773
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02170096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02136082
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02637813
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02811810
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011488574
IRS990ScheduleA/TotalSupportAmt011524083
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt026044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066749
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt092793
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0183350
IRS990ScheduleD/ExpensesSubtotalAmt02449790
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0183350
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0183350
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0183350
IRS990ScheduleD/RevenueSubtotalAmt02419947
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE HAS BEEN NO UNRELATED BUSINESS INCOME OR INCOME TAX EXPENSE FOR THE YEAR ENDED DECEMBER 31, 2017. MANAGEMENT BELIEVES THAT THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX POSITIONS IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES AND OTHER EXPENSE ON THE FINANCIAL STATEMENTS. THE FOUNDATION REPORTED NO PENALTIES AND INTEREST RELATED TO UNRECOGNIZED TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2017. TAX YEARS PRIOR TO 2014 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF CALIFORNIA.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS 183,350.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS 183,350.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026044
IRS990ScheduleD/TotalExpensesPerForm990Amt02633140
IRS990ScheduleD/TotalRevenuePerForm990Amt02603297
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02419947
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02449790
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0183350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0181
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV OF SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A GRANTS COMMITTEE OF THE BOARD OF TRUSTEES WORKS WITH THE PRESIDENT AND CHAIRMAN OF THE BOARD TO SELECT AND APPROVE GRANTS TO ORGANIZATIONS, BASED ON KNOWLEDGE AND RESEARCH BY TRUSTEES OR MANAGEMENT. SINCE THE ORGANIZATION IS NOT PRIMARILY A GRANT-MAKING ORGANIZATION, THESE GRANTS ARE NORMALLY VERY SMALL AND LESS THAN $10,000 IS BUDGETED FOR SUCH GRANTS EACH YEAR. NO GRANTS WERE AWARDED IN 2017.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt035000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt119000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt256000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3151723
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4116251
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0302465
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1145195
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt298447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10

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Filings

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