Civic Intelligence

Harbour School Foundation Inc.

990 • Fiscal year 2022 • EIN 52-2045745

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 23, 2023

Organization ProfileN/A
1277 Green Holly DriveAnnapolis, MD 21409

(410) 974-4248

Siviq Scores

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

Liabilities / Assets

26th percentile

0.04x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.29x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

29th percentile

$122,885

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

39th percentile

-2.6%

Faster asset growth than 39% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$20,608,905

Down $550,841 (-2.6%) from 2021

Net Assets

Down

$19,857,445

Down $647,223 (-3.2%) from 2021

Liabilities

Up

$751,460

Up $96,382 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin95th percentile

Revenue

Up

$2,615,398

Up $336,716 (+15%) from 2021

Expenses

Up

$656,357

Up $26,065 (+4.1%) from 2021

Net Income

Up

$1,959,041

Up $310,651 (+19%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$30M$20M$10M$0Assets 2011: $8,971,847Liabilities 2011: $2,904,483Net Assets 2011: $6,067,3642011Assets 2012: $9,240,540Liabilities 2012: $2,600,866Net Assets 2012: $6,639,6742012Assets 2013: $9,068,336Liabilities 2013: $1,934,375Net Assets 2013: $7,133,9612013Assets 2014: $12,015,275Liabilities 2014: $3,958,542Net Assets 2014: $8,056,7332014Assets 2015: $12,202,014Liabilities 2015: $3,050,077Net Assets 2015: $9,151,9372015Assets 2016: $12,041,400Liabilities 2016: $1,790,248Net Assets 2016: $10,251,1522016Assets 2018: $14,118,319Liabilities 2018: $1,179,639Net Assets 2018: $12,938,6802018Assets 2019: $16,256,989Liabilities 2019: $975,466Net Assets 2019: $15,281,5232019Assets 2020: $17,481,304Liabilities 2020: $756,829Net Assets 2020: $16,724,4752020Assets 2021: $21,159,746Liabilities 2021: $655,078Net Assets 2021: $20,504,6682021Assets 2022: $20,608,905Liabilities 2022: $751,460Net Assets 2022: $19,857,4452022Assets 2023: $23,426,254Liabilities 2023: $776,460Net Assets 2023: $22,649,7942023Assets 2024: $26,870,520Liabilities 2024: $797,281Net Assets 2024: $26,073,2392024Assets 2025: $29,878,950Liabilities 2025: $766,819Net Assets 2025: $29,112,1312025

Highlighted filing

2022

Assets$20,608,905
Liabilities$751,460
Net Assets$19,857,445
Open 2022 Filing

Operations Trend

Revenue Growth66th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $549,051Expenses 2011: $118,503Net Income 2011: $430,5482011Expenses 2012: $205,2932012Revenue 2013: $790,178Expenses 2013: $357,361Net Income 2013: $432,8172013Revenue 2014: $1,008,848Expenses 2014: $305,545Net Income 2014: $703,3032014Revenue 2015: $1,288,104Expenses 2015: $118,131Net Income 2015: $1,169,9732015Revenue 2016: $1,290,718Expenses 2016: $67,581Net Income 2016: $1,223,1372016Revenue 2018: $1,514,013Expenses 2018: $288,871Net Income 2018: $1,225,1422018Revenue 2019: $1,855,402Expenses 2019: $684,911Net Income 2019: $1,170,4912019Revenue 2020: $2,313,624Expenses 2020: $624,317Net Income 2020: $1,689,3072020Revenue 2021: $2,278,682Expenses 2021: $630,292Net Income 2021: $1,648,3902021Revenue 2022: $2,615,398Expenses 2022: $656,357Net Income 2022: $1,959,0412022Revenue 2023: $1,920,667Expenses 2023: $647,037Net Income 2023: $1,273,6302023Revenue 2024: $3,081,221Expenses 2024: $917,728Net Income 2024: $2,163,4932024Revenue 2025: $3,633,840Expenses 2025: $1,145,764Net Income 2025: $2,488,0762025

Highlighted filing

2022

Revenue$2,615,398
Expenses$656,357
Net Income$1,959,041
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 23, 2023
Return Version
2021v4.2
Gross Receipts
$3,136,159
Mission and Program Overview

Mission

To provide fundraising support to Innovative Learning, Inc., a non-profit school that provides education to students with learning disabilities. Also to provide programs outside of the school day to further the social education of the students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,501,114$13,033,411▼ $467,703
Land, Buildings, and Equipment, Net$5,654,056$5,500,227▼ $153,829
Cash and Non-Interest-Bearing Accounts$321,428$487,969▲ $166,541
Accounts Receivable$2,239--
Total Assets$21,159,746$20,608,905▼ $550,841
Other Assets Total$1,680,909$1,587,298▼ $93,611
Liabilities
Other Liabilities$655,078$751,460▲ $96,382
Total Liabilities$655,078$751,460▲ $96,382
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,391,960$19,736,453▼ $655,507
Net Assets With Donor Restrictions$112,708$120,992▲ $8,284
Total Net Assets Fund Balance$20,504,668$19,857,445▼ $647,223
Total Liabilities and Net Assets / Fund Balance$21,159,746$20,608,905▼ $550,841

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,469,136$2,748,728-
Land$2,031,091--
Other Assets Org$1,131,956--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleOtherTotal
Martha SchneiderSecretaryTreasurer$122,885$122,885
Linda JacobsPresident$98,820$98,820

Board Members and Trustees

NameTitle
Yvonne CallawayVice-President
Carole SpurrierDirector
Jared S DvornickyDirector
Jay TurakhiaDirector
Shannon CallawayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$535,476
Program Service Revenue
$0
Investment Income
$684,422
Other Revenue
$1,395,500
All Other Contributions
$535,476
Change in Net Assets
$1,959,041

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,505,325
Revenue Not Reported on Financial Statements
$110,073
Revenue Not Reported on Form 990
$-2,580,484
Total Revenue per Audited Statements
$-75,159
Total Revenue per Form 990
$2,615,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$382,750
Other Expenses$273,607
Total Fundraising Expense$7,691
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$380,000--$380,000
Depreciation Depletion$130,755$15,383$7,691$153,829
Fees for Service Investment Mgmnt Fees-$110,073-$110,073
Other Expenses-$9,705-$9,705
Grants to Domestic Individuals$2,750--$2,750
Total Functional Expenses$513,505$135,161$7,691$656,357

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$656,357
Total Expenses per Audited Statements$572,064
Expenses per Audited Statements$546,284
Expenses Not Reported on Financial Statements$110,073
Expenses Not Reported on Form 990$25,780
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Innovative Learning IncAnnapolis, MD501c3Operational Support$380,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,159
Fundraising Direct Expenses$97,681
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$111,159$111,159$97,681$13,478
Total Events$111,159$111,159$97,681$13,478
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$739,460
Security Deposit$12,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Shannon Callaway, Board Member, is the daughter of Yvonne Callaway, Board Member.”

Form 990 governing body review Part VI line 11

“The President of the Board reviews the Form 990 prior to siganture and filing.”

Governing documents etc available to public Part VI line 19

“All documents required to be available for public inspection are provided upon written request to the Organization.”

Filing and Contact Details

Filer

Filer Name
Harbour School Foundation Inc
EIN
52-2045745
Address
1277 Green Holly Drive, Annapolis, MD 21409

Signing Officer

Name
Linda Jacobs
Title
President
Phone
4109744248
Signed
2023-03-23
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
5
Employees
0

Preparer

Firm
Mullins PC
Address
7625 Wisconsin Avenue, Bethesda, MD 20814
Preparer
John Mullins
Phone
2027706371
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

“The most significant tax position of the Foundation is its assertion that it is exempt from income taxes. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (UBIT). Management has determined the Foundation had no activities subject to UBIT in the year then ended.The Foundations policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through year end, there have been no matters that would have resulted in an accrual for interest and/or penalties. Generally, the tax years before 2018 are no longer subject to examination by federal, state, or local taxing authorities.”

Raw XML AppendixShowing 400 of 456 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/BOYAmt02239
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FUNDRAISING SUPPORT TO INNOVATIVE LEARNING, INC., A NON-PROFIT SCHOOL THAT PROVIDES EDUCATION TO STUDENTS WITH LEARNING DISABILITIES. ALSO TO PROVIDE PROGRAMS OUTSIDE OF THE SCHOOL DAY TO FURTHER THE SOCIAL EDUCATION OF THE STUDENTS.
IRS990/AllOtherContributionsAmt0535476
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Linda Jacobs
IRS990/BooksInCareOfDetail/PhoneNum04109744248
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01277 Green Holly Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Annapolis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021409
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0321428
IRS990/CashNonInterestBearingGrp/EOYAmt0487969
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0535476
IRS990/CYGrantsAndSimilarPaidAmt0382750
IRS990/CYInvestmentIncomeAmt0684422
IRS990/CYOtherExpensesAmt0273607
IRS990/CYOtherRevenueAmt01395500
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01959041
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0656357
IRS990/CYTotalFundraisingExpenseAmt07691
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02615398
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt07691
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015383
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0130755
IRS990/DepreciationDepletionGrp/TotalAmt0153829
IRS990/Desc0Provided fundraising support to Innovative Learning, Inc, a non-profit school that provides education to students with learning disabilities and programs outside the school to further the social eduction of the students.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonatedServicesAndUseFcltsAmt0-2606264
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0112708
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0120992
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0513505
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0110073
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0110073
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt012000
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt111250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Martha Schneider
IRS990/Form990PartVIISectionAGrp/PersonNm1Linda Jacobs
IRS990/Form990PartVIISectionAGrp/PersonNm2Jay Turakhia
IRS990/Form990PartVIISectionAGrp/PersonNm3Jared S Dvornicky
IRS990/Form990PartVIISectionAGrp/PersonNm4Carole Spurrier
IRS990/Form990PartVIISectionAGrp/PersonNm5Shannon Callaway
IRS990/Form990PartVIISectionAGrp/PersonNm6Yvonne Callaway
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0110885
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt187570
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0SecretaryTreasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice-President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt097681
IRS990/FundraisingGrossIncomeAmt0111159
IRS990/GainOrLossGrp/SecuritiesAmt0400557
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0382750
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02750
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02750
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0380000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0380000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0823637
IRS990/GrossReceiptsAmt03136159
IRS990/GrossRentsGrp/RealAmt01380372
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0283865
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0283865
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt013501114
IRS990/InvestmentsPubTradedSecGrp/EOYAmt013033411
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02748728
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05654056
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05500227
IRS990/LandBldgEquipCostOrOtherBssAmt08248955
IRS990/LegalDomicileStateCd0MD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0423080
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FUNDRAISING SUPPORT TO INNOVATIVE LEARNING, INC., A NON-PROFIT SCHOOL THAT PROVIDES EDUCATION TO STUDENTS WITH LEARNING DISABILITIES. ALSO TO PROVIDE PROGRAMS OUTSIDE OF THE SCHOOL DAY TO FURTHER THE SOCIAL EDUCATION OF THE STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt020504668
IRS990/NetAssetsOrFundBalancesEOYAmt019857445
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0400557
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0400557
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt013478
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt013478
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01380372
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01380372
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt020391960
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019736453
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01680909
IRS990/OtherAssetsTotalGrp/EOYAmt01587298
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Bank & Merchant Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09705
IRS990/OtherExpensesGrp/TotalAmt09705
IRS990/OtherLiabilitiesGrp/BOYAmt0655078
IRS990/OtherLiabilitiesGrp/EOYAmt0751460
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01650
IRS990/OtherRevenueTotalAmt01650
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0188360
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0380000
IRS990/PYInvestmentIncomeAmt0666651
IRS990/PYOtherExpensesAmt0250292
IRS990/PYOtherRevenueAmt01423671
IRS990/PYRevenuesLessExpensesAmt01648390
IRS990/PYTotalExpensesAmt0630292
IRS990/PYTotalRevenueAmt02278682
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01959041
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt01380372
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/OtherSupportSumAmt025780
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0521173307
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt025780
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0380000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0INNOVATIVE LEARNING
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0380000
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03469136
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02748728
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06217864
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt025780
IRS990ScheduleD/DonatedServicesUseFcltsAmt025780
IRS990ScheduleD/ExpensesNotReportedAmt025780
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0110073
IRS990ScheduleD/ExpensesSubtotalAmt0546284
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0110073
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0110073
IRS990ScheduleD/LandGrp/BookValueAmt02031091
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt02031091
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2606264
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0455342
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11131956
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cash Surrender Value - Officer
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Rent Receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0739460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Related Party
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposit
IRS990ScheduleD/RevenueNotReportedAmt0-2580484
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0110073
IRS990ScheduleD/RevenueSubtotalAmt02505325
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The most significant tax position of the Foundation is its assertion that it is exempt from income taxes. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (UBIT). Management has determined the Foundation had no activities subject to UBIT in the year then ended.The Foundations policy would be to recognize interest and penalties on tax positions related to its unrecognized tax benefits in income tax expense in the financial statements. Through year end, there have been no matters that would have resulted in an accrual for interest and/or penalties. Generally, the tax years before 2018 are no longer subject to examination by federal, state, or local taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05500227
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01587298
IRS990ScheduleD/TotalExpensesPerForm990Amt0656357
IRS990ScheduleD/TotalLiabilityAmt0751460
IRS990ScheduleD/TotalRevenuePerForm990Amt02615398
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-75159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0572064
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt097681
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0111159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0111159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0111159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0111159
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt013478
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt097681
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt097681
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0380000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operational Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Innovative Learning Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0521173307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01277 Green Holly Drive
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Annapolis
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021409
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cash
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Shannon Callaway, Board Member, is the daughter of Yvonne Callaway, Board Member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The President of the Board reviews the Form 990 prior to siganture and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All documents required to be available for public inspection are provided upon written request to the Organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Innovative Learning Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521173307
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educating students K-12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01277 Green Holly Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Annapolis
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd021409
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01380372
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1380000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Innovative Learning Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Innovative Learning Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0j
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1b
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt021159746
IRS990/TotalAssetsEOYAmt020608905
IRS990/TotalAssetsGrp/BOYAmt021159746
IRS990/TotalAssetsGrp/EOYAmt020608905
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0535476
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07691
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0135161
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0513505
IRS990/TotalFunctionalExpensesGrp/TotalAmt0656357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0655078
IRS990/TotalLiabilitiesEOYAmt0751460

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,608,905
Liabilities
$751,460
Net assets
$19,857,445
Revenue
$2,615,398
Expenses
$656,357
Net income
$1,959,041
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.9$0.77$29.1$3.63$1.15$2.49
2024Detailed filing. Detailed filing data is available for this year.$26.9$0.80$26.1$3.08$0.92$2.16
2023Detailed filing. Detailed filing data is available for this year.$23.4$0.78$22.6$1.92$0.65$1.27
2022Detailed filing. Detailed filing data is available for this year.$20.6$0.75$19.9$2.62$0.66$1.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$0.66$20.5$2.28$0.63$1.65
2020Detailed filing. Detailed filing data is available for this year.$17.5$0.76$16.7$2.31$0.62$1.69
2019Detailed filing. Detailed filing data is available for this year.$16.3$0.98$15.3$1.86$0.68$1.17
2018Detailed filing. Detailed filing data is available for this year.$14.1$1.18$12.9$1.51$0.29$1.23
2016Detailed filing. Detailed filing data is available for this year.$12.0$1.79$10.3$1.29$0.07$1.22
2015Detailed filing. Detailed filing data is available for this year.$12.2$3.05$9.15$1.29$0.12$1.17
2014Detailed filing. Detailed filing data is available for this year.$12.0$3.96$8.06$1.01$0.31$0.70
2013Summary only. Only limited summary data is available for this year.$9.07$1.93$7.13$0.79$0.36$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.24$2.60$6.64$0.21
2011Summary only. Only limited summary data is available for this year.$8.97$2.90$6.07$0.55$0.12$0.43