Civic Intelligence

City First Enterprises Inc

EIN 52-2101165 • 501(c)3 • Washington, DC

Profile

To promote community and economic development in metro dc's distressed and underserved communities, attract responsive investment capital to dc's underserved communities, and develop new products and services to fill market gaps and strengthen distressed neighborhoods.

1701 Rhode Island Ave NW 3-103Washington, DC 20036

cfenterprises.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.87x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$362,606

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

62nd percentile

9.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-29%

Faster revenue growth than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$74,225,691

Up $6,119,166 (+9.0%) from 2023

Liabilities

Up

$43,848,033

Up $2,830,799 (+6.9%) from 2023

Net Assets

Up

$30,377,658

Up $3,288,367 (+12%) from 2023

Revenue

Down

$15,260,987

Down $6,203,462 (-29%) from 2023

Expenses

Down

$12,090,417

Down $8,131,676 (-40%) from 2023

Net Income

Up

$3,170,570

Up $1,928,214 (+155%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $16,292,407Liabilities 2010: $5,812,142Net Assets 2010: $10,480,2652010Assets 2011: $12,323,256Liabilities 2011: $1,726,858Net Assets 2011: $10,596,3982011Assets 2012: $13,973,676Liabilities 2012: $122,946Net Assets 2012: $13,850,7302012Assets 2013: $14,773,705Liabilities 2013: $153,940Net Assets 2013: $14,619,7652013Assets 2014: $18,584,365Liabilities 2014: $1,878,293Net Assets 2014: $16,706,0722014Assets 2015: $18,929,764Liabilities 2015: $406,783Net Assets 2015: $18,522,9812015Assets 2016: $20,550,028Liabilities 2016: $538,801Net Assets 2016: $20,011,2272016Assets 2017: $21,964,071Liabilities 2017: $1,987,206Net Assets 2017: $19,976,8652017Assets 2018: $24,205,868Liabilities 2018: $3,686,823Net Assets 2018: $20,519,0452018Assets 2019: $27,606,697Liabilities 2019: $6,712,209Net Assets 2019: $20,894,4882019Assets 2020: $33,346,322Liabilities 2020: $10,130,159Net Assets 2020: $23,216,1632020Assets 2021: $50,642,589Liabilities 2021: $20,553,982Net Assets 2021: $30,088,6072021Assets 2022: $60,726,218Liabilities 2022: $34,487,174Net Assets 2022: $26,239,0442022Assets 2023: $68,106,525Liabilities 2023: $41,017,234Net Assets 2023: $27,089,2912023Assets 2024: $74,225,691Liabilities 2024: $43,848,033Net Assets 2024: $30,377,6582024

Highlighted filing

2024

Assets$74,225,691
Liabilities$43,848,033
Net Assets$30,377,658

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $1,310,8422010Expenses 2011: $6,001,8722011Expenses 2012: $1,125,7052012Revenue 2013: $2,465,838Expenses 2013: $2,188,772Net Income 2013: $277,0662013Revenue 2014: $4,412,341Expenses 2014: $2,686,748Net Income 2014: $1,725,5932014Revenue 2015: $3,187,249Expenses 2015: $1,581,824Net Income 2015: $1,605,4252015Revenue 2016: $2,111,560Expenses 2016: $1,112,077Net Income 2016: $999,4832016Revenue 2017: $1,237,761Expenses 2017: $1,312,082Net Income 2017: -$74,3212017Revenue 2018: $1,170,253Expenses 2018: $906,259Net Income 2018: $263,9942018Revenue 2019: $710,173Expenses 2019: $1,096,714Net Income 2019: -$386,5412019Revenue 2020: $13,255,048Expenses 2020: $11,245,182Net Income 2020: $2,009,8662020Revenue 2021: $41,161,285Expenses 2021: $40,988,291Net Income 2021: $172,9942021Revenue 2022: $55,549,555Expenses 2022: $50,790,211Net Income 2022: $4,759,3442022Revenue 2023: $21,464,449Expenses 2023: $20,222,093Net Income 2023: $1,242,3562023Revenue 2024: $15,260,987Expenses 2024: $12,090,417Net Income 2024: $3,170,5702024

Highlighted filing

2024

Revenue$15,260,987
Expenses$12,090,417
Net Income$3,170,570

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.2$43.8$30.4$15.3$12.1$3.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$68.1$41.0$27.1$21.5$20.2$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.7$34.5$26.2$55.5$50.8$4.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.6$20.6$30.1$41.2$41.0$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.3$10.1$23.2$13.3$11.2$2.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$6.71$20.9$0.71$1.10$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.2$3.69$20.5$1.17$0.91$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.0$1.99$20.0$1.24$1.31$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.6$0.54$20.0$2.11$1.11$1.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$0.41$18.5$3.19$1.58$1.61
2014Detailed filing. Detailed filing data is available for this year.$18.6$1.88$16.7$4.41$2.69$1.73
2013Detailed filing. Detailed filing data is available for this year.$14.8$0.15$14.6$2.47$2.19$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$0.12$13.9$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$1.73$10.6$6.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$5.81$10.5$1.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 29, 2025
Return Version
2024v5.1
Gross Receipts
$15,260,987
Mission and Program Overview

Mission

City first enterprises is a community development financial institution specializing in flexible lending for affordable housing, commercial real estate, small businesses, non-profits, clean energy, and homeownership. With a mission to create equitable financial solutions to support people and communities in achieving their economic aspirations, we envision a future where all people and communities transform their futures through equitable access to capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$38,831,659$52,981,676▲ $14,150,017
Savings and Temporary Cash Investments$21,466,755$14,625,175▼ $6,841,580
Investments in Publicly Traded Securities$5,620,619$5,903,631▲ $283,012
Prepaid Expenses and Deferred Charges$100,738$176,115▲ $75,377
Accounts Receivable$123,393$117,152▼ $6,241
Land, Buildings, and Equipment, Net$79,967$52,550▼ $27,417
Investments Other Securities$24,087$24,087→ $0
Total Assets$68,106,525$74,225,691▲ $6,119,166
Other Assets Total$1,859,307$345,305▼ $1,514,002
Liabilities
Mortgage Notes Payable Secured by Investment Property$27,605,000$35,355,000▲ $7,750,000
Deferred Revenue$12,868,297$7,211,579▼ $5,656,718
Other Liabilities$217,087$704,191▲ $487,104
Accounts Payable and Accrued Expenses$309,799$555,604▲ $245,805
Escrow Account Liability$17,051$21,659▲ $4,608
Total Liabilities$41,017,234$43,848,033▲ $2,830,799
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,850,133$30,238,794▲ $3,388,661
Net Assets With Donor Restrictions$239,158$138,864▼ $100,294
Total Net Assets Fund Balance$27,089,291$30,377,658▲ $3,288,367
Total Liabilities and Net Assets / Fund Balance$68,106,525$74,225,691▲ $6,119,166

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$52,550$29,702$82,252
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Oswaldo AcostaPresident and Chief Executive OfficerFT$362,606-$362,606
Oswaldo AcostaPresident and Chief Executive Office-$315,806$46,800$362,606
Rodrigo CordonChief Operating OfficerFT$180,664$10,797$191,461
Jonathan ReyesChief Lending OfficerFT$161,845$6,525$168,370
Shannon NysFormer Director of Finance & AccountingFT$157,447-$157,447
Shannon NysFormer Director of Finance & Account-$147,447$10,000$157,447
Stephanie MeyerChief Credit OfficerFT$148,242-$148,242

Board Members and Trustees

NameTitle
Brian ArgrettChairman of the Board
David McgradyVice-chairman of the Board
Amber Kucher BellDirector
Chuck MuckenfussDirector
Dr William LongbrakeDirector
Estrella LuceroDirector
Lori ChatmanDirector
Priya JayachandranDirector
Mary Ann DonovanSecretary
Shannon ScottTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,716,215
Program Service Revenue
$0
Investment Income
$3,255,551
Other Revenue
$289,221
All Other Contributions
$11,716,215
Change in Net Assets
$3,170,570

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,260,987
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$286,633
Total Revenue per Audited Statements
$15,547,620
Total Revenue per Form 990
$15,260,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,631,152
Salaries, Compensation, and Employee Benefits$2,744,111
Other Expenses$715,154
Total Fundraising Expense$210,250
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,631,152--$8,631,152
Other Salaries and Wages$1,624,520$532,536$169,626$2,326,682
Office Expenses$165,239$130,550$495$296,284
Other Employee Benefits$163,366$54,124$17,096$234,586
Payroll Taxes$125,945$43,736$13,162$182,843
Occupancy$101,998$31,131$9,871$143,000
Fees for Services Other$99,177$205-$99,382
Fees for Services Accounting-$48,300-$48,300
Travel$42,381--$42,381
Fees for Services Legal$37,656--$37,656
Depreciation Depletion$27,417--$27,417
Other Expenses$20,734--$20,734
Total Functional Expenses$11,039,585$840,582$210,250$12,090,417

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,377,050
Expenses per Audited Statements$12,090,417
Total Expenses per Form 990$12,090,417
Expenses Not Reported on Form 990$286,633
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
1037 30th St Nw LLCWashington, DC-Support for Equity Impact Enterprises$0
Americantina LLCWashington, DC-Support for Equity Impact Enterprises$0
Bella Market LLCWashington, DC-Support for Equity Impact Enterprises$0
First Choice Construction IncWashington, DC-Support for Equity Impact Enterprises$0
Heidi Dc LLCWashington, DC-Support for Equity Impact Enterprises$0
Oak at Morse Street LLCWashington, DC-Support for Equity Impact Enterprises$0
One Kare Enterprise LLCWashington, DC-Support for Equity Impact Enterprises$0
REGINA'S REAL ESTATE HOLDING COMPANY LLCWashington, DC-Support for Equity Impact Enterprises$0
Shukbuilt LLCWashington, DC-Support for Equity Impact Enterprises$0
Spd Contracting IncWashington, DC-Support for Equity Impact Enterprises$0
Walter Reed Mf Partner LLCWashington, DC-Support for Equity Impact Enterprises$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
Due to District of Columbia$307,457
Lease Liability - Operating$222,333
Pre-development Funding Commitment$110,718
Unfunded Commitment Liability$63,683
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 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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

Business relationship at broadway financial corporation - brian argrett, david mcgrady, mary ann donovan, william longbrake. Business relationship at city first homes inc. - oswaldo acosta, brian argrett, david mcgrady, shannon scott, mary ann donovan, william longbrake, chuck muckenfuss, priya jayachandran, lori chatman, amber kucher bell, estrella lucero.

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

Management reviews return. Audit committee is given a copy of return to review. Audit committee submits comments to management. Management discusses return with tax preparer to incorporate any changes; final draft prepared & discussed with audit committee. The final draft, reflecting any necessary corrections, is provided to the board for review and final approval; then the return is filed by the preparer.

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

The organization monitors for conflict of interest issues that are referred to its lawyers as needed.

Form 990, Part VI, Section B, Line 15

The board reviews comparable pay data, considers qualifications of the candidate(s) and formalizes its compensation decisions through a formal board of directors vote that is recorded in board minutes.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
City First Enterprises Inc
EIN
52-2101165
Phone
2027454490
Address
1701 RHODE ISLAND AVE NW 3-103, WASHINGTON, DC 20036

Signing Officer

Name
Oswaldo Acosta
Title
President & CEO
Phone
2027454490
Signed
2025-05-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oswaldo Acosta
Formed
1998
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
10
Employees
26
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
5 GREAT VALLEY PARKWAY SUITE 319, MALVERN, PA 19355
Preparer
Dayle R Dalling
Phone
6102324810
Supplemental Narrative

Additional Explanations

Form 990, Pari XII, Line 2C

City first enterprises inc. Maintains an audit committee that has the responsibility for oversight of the audit.

Additional Information

City first enterprises is a non-profit bank holding company engaged in promoting equity and opportunity in underserved communities. Through the holding company and our city first homes subsidiary we provide capital that is broader and more flexible than bank lending to support housing, small business and community facilities in low and moderate income communities, and we operate programs designed to promote and sustain permanently affordable housing. City first enterprises also owns a minority stake and controlling interest in city first bank, a for-profit community development financial institution chartered by the occ which shares our mission. Working together, the city first family of companies strive to deliver capital and services that can enable disadvantaged individuals, families and businesses across our market area to prosper.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under internal revenue code section 501(c)(3). The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and has measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the organization are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in this return.

Raw XML AppendixShowing 400 of 724 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/Form990PartVIISectionAGrp/PersonNm0DR WILLIAM LONGBRAKE
IRS990/Form990PartVIISectionAGrp/PersonNm1CHUCK MUCKENFUSS
IRS990/Form990PartVIISectionAGrp/PersonNm2PRIYA JAYACHANDRAN
IRS990/Form990PartVIISectionAGrp/PersonNm3LORI CHATMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4AMBER KUCHER BELL
IRS990/Form990PartVIISectionAGrp/PersonNm5ESTRELLA LUCERO
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN ARGRETT
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID MCGRADY
IRS990/Form990PartVIISectionAGrp/PersonNm8SHANNON SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm9MARY ANN DONOVAN
IRS990/Form990PartVIISectionAGrp/PersonNm10OSWALDO ACOSTA
IRS990/Form990PartVIISectionAGrp/PersonNm11RODRIGO CORDON
IRS990/Form990PartVIISectionAGrp/PersonNm12JONATHAN REYES
IRS990/Form990PartVIISectionAGrp/PersonNm13STEPHANIE MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm14SHANNON NYS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT AND CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF CREDIT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER DIRECTOR OF FINANCE & ACCOUNTING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt08631152
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015260987
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt079967
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CITY FIRST ENTERPRISES IS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION SPECIALIZING IN FLEXIBLE LENDING FOR AFFORDABLE HOUSING, COMMERCIAL REAL ESTATE, SMALL BUSINESSES, NON-PROFITS, CLEAN ENERGY, AND HOMEOWNERSHIP. WITH A MISSION TO CREATE EQUITABLE FINANCIAL SOLUTIONS TO SUPPORT PEOPLE AND COMMUNITIES IN ACHIEVING THEIR ECONOMIC ASPIRATIONS, WE ENVISION A FUTURE WHERE ALL PEOPLE AND COMMUNITIES TRANSFORM THEIR FUTURES THROUGH EQUITABLE ACCESS TO CAPITAL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt031131
IRS990/OccupancyGrp/ProgramServicesAmt0101998
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IRS990/OtherExpensesGrp/Desc0STAFF TRAINING
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IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueTotalAmt0289221
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0169626
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01624520
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IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt263683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3222333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PRE-DEVELOPMENT FUNDING COMMITMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO DISTRICT OF COLUMBIA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNFUNDED COMMITMENT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LEASE LIABILITY - OPERATING
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015260987
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THIS RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt0704191
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012377050
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt00
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IRS990ScheduleI/RecipientTable/CashGrantAmt20
IRS990ScheduleI/RecipientTable/CashGrantAmt30
IRS990ScheduleI/RecipientTable/CashGrantAmt40
IRS990ScheduleI/RecipientTable/CashGrantAmt50
IRS990ScheduleI/RecipientTable/CashGrantAmt60

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