Civic Intelligence

The Galax Foundation for Excellence In

EIN 54-1430294 • 501(c)3 • Galax, VA

Profile

Educational assistance for galax, va public school students

PO Box 487Galax, VA 24333-4222

galaxschools.us/THE-GALAX-FOUNDATION-FOR-

Siviq Scores

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

Liabilities / Assets

29th percentile

0.03x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.20x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

74th percentile

15%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

96th percentile

175%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$5,235,326

Up $694,130 (+15%) from 2024

Liabilities

Down

$149,695

Down $6,644 (-4.2%) from 2024

Net Assets

Up

$5,085,631

Up $700,774 (+16%) from 2024

Operations
Liabilities / Revenue55th percentileNet Margin96th percentile

Revenue

Up

$746,121

Up $474,621 (+175%) from 2024

Expenses

Up

$160,627

Up $734 (+0.5%) from 2024

Net Income

Up

$585,494

Up $473,887 (+425%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,870,477Liabilities 2010: $87,692Net Assets 2010: $1,782,7852010Assets 2011: $1,907,122Liabilities 2011: $86,577Net Assets 2011: $1,820,5452011Assets 2012: $1,940,107Liabilities 2012: $79,322Net Assets 2012: $1,860,7852012Assets 2013: $2,284,186Liabilities 2013: $76,641Net Assets 2013: $2,207,5452013Assets 2014: $2,550,235Liabilities 2014: $111,277Net Assets 2014: $2,438,9582014Assets 2015: $2,619,682Liabilities 2015: $101,353Net Assets 2015: $2,518,3292015Assets 2016: $2,618,957Liabilities 2016: $98,580Net Assets 2016: $2,520,3772016Assets 2017: $2,708,324Liabilities 2017: $104,129Net Assets 2017: $2,604,1952017Assets 2018: $2,867,843Liabilities 2018: $117,486Net Assets 2018: $2,750,3572018Assets 2019: $3,302,162Liabilities 2019: $114,313Net Assets 2019: $3,187,8492019Assets 2020: $3,259,603Liabilities 2020: $90,450Net Assets 2020: $3,169,1532020Assets 2021: $4,037,079Liabilities 2021: $107,700Net Assets 2021: $3,929,3792021Assets 2022: $3,680,209Liabilities 2022: $124,263Net Assets 2022: $3,555,9462022Assets 2023: $4,019,241Liabilities 2023: $148,163Net Assets 2023: $3,871,0782023Assets 2024: $4,541,196Liabilities 2024: $156,339Net Assets 2024: $4,384,8572024Assets 2025: $5,235,326Liabilities 2025: $149,695Net Assets 2025: $5,085,6312025

Highlighted filing

2025

Assets$5,235,326
Liabilities$149,695
Net Assets$5,085,631
Open 2025 Filing

Operations Trend

Revenue Growth96th percentile

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

$800K$600K$400K$200K$0Expenses 2010: $88,1692010Revenue 2011: $123,074Expenses 2011: $85,314Net Income 2011: $37,7602011Expenses 2012: $80,0042012Expenses 2013: $90,5392013Revenue 2014: $341,848Expenses 2014: $110,435Net Income 2014: $231,4132014Revenue 2015: $182,475Expenses 2015: $103,104Net Income 2015: $79,3712015Revenue 2016: $108,303Expenses 2016: $106,255Net Income 2016: $2,0482016Revenue 2017: $195,368Expenses 2017: $111,550Net Income 2017: $83,8182017Revenue 2018: $265,131Expenses 2018: $118,969Net Income 2018: $146,1622018Revenue 2019: $207,343Expenses 2019: $111,015Net Income 2019: $96,3282019Revenue 2020: $145,130Expenses 2020: $81,287Net Income 2020: $63,8432020Revenue 2021: $237,603Expenses 2021: $143,551Net Income 2021: $94,0522021Revenue 2022: $406,992Expenses 2022: $151,708Net Income 2022: $255,2842022Revenue 2023: $539,072Expenses 2023: $162,829Net Income 2023: $376,2432023Revenue 2024: $271,500Expenses 2024: $159,893Net Income 2024: $111,6072024Revenue 2025: $746,121Expenses 2025: $160,627Net Income 2025: $585,4942025

Highlighted filing

2025

Revenue$746,121
Expenses$160,627
Net Income$585,494
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,235,326
Liabilities
$149,695
Net assets
$5,085,631
Revenue
$746,121
Expenses
$160,627
Net income
$585,494
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.24$0.15$5.09$0.75$0.16$0.59
2024Detailed filing. Detailed filing data is available for this year.$4.54$0.16$4.38$0.27$0.16$0.11
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.15$3.87$0.54$0.16$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.68$0.12$3.56$0.41$0.15$0.26
2021Detailed filing. Detailed filing data is available for this year.$4.04$0.11$3.93$0.24$0.14$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.26$0.09$3.17$0.15$0.08$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.30$0.11$3.19$0.21$0.11$0.10
2018Detailed filing. Detailed filing data is available for this year.$2.87$0.12$2.75$0.27$0.12$0.15
2017Detailed filing. Detailed filing data is available for this year.$2.71$0.10$2.60$0.20$0.11$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.62$0.10$2.52$0.11$0.11$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.10$2.52$0.18$0.10$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.55$0.11$2.44$0.34$0.11$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.08$2.21$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.08$1.86$0.08
2011Summary only. Only limited summary data is available for this year.$1.91$0.09$1.82$0.12$0.09$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.09$1.78$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 15, 2026
Return Version
2024v5.5
Gross Receipts
$1,369,608
Mission and Program Overview

Mission

Educational assistance for galax, va public school students

Education assistance to provide scholarships for high school graduates of the public schools in galax, va

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,304,008$4,988,615▲ $684,607
Cash and Non-Interest-Bearing Accounts$237,188$246,711▲ $9,523
Total Assets$4,541,196$5,235,326▲ $694,130
Liabilities
Accounts Payable and Accrued Expenses$156,339$149,695▼ $6,644
Total Liabilities$156,339$149,695▼ $6,644
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,786,035$2,991,712▲ $205,677
Net Assets Without Donor Restrictions$1,598,822$2,093,919▲ $495,097
Total Net Assets Fund Balance$4,384,857$5,085,631▲ $700,774
Total Liabilities and Net Assets / Fund Balance$4,541,196$5,235,326▲ $694,130

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,384,857$359,278▲ $476,556-$5,085,631
2023$3,871,078$115,515▲ $533,683-$4,353,499
2022$3,555,626$326,719▲ $21,216-$3,527,466
2021$3,938,687$110,216▼ $357,183-$3,555,626
2020$3,183,114$35,202▲ $868,544-$3,938,687
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Kathy HalseySecretary/treasurer$12,000$12,000

Board Members and Trustees

NameTitle
Tony L TruittChairman
Rita KeyVice Chair
Brad WatsonDirector
Brooks EdwardDirector
David CockerhamDirector
Doug MorganDirector
Edward a Hanks IiDirector
Jamires PoindexterDirector
Jennifer MarkhamDirector
Linda RosenfeldDirector
Steve GalyeanDirector
Susan TilleyDirector
Wendi PembertonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$344,168
Program Service Revenue
$0
Investment Income
$391,293
Other Revenue
$10,660
All Other Contributions
$344,168
Change in Net Assets
$585,494
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$108,156
Other Expenses$52,471
Total Fundraising Expense$282
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$108,156--$108,156
Fees for Service Investment Mgmnt Fees$35,567--$35,567
Fees for Services Management-$12,000-$12,000
Fees for Services Accounting-$3,500-$3,500
Insurance-$202-$202
Other Expenses$87$25$87$25
Total Functional Expenses$144,618$15,727$282$160,627
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,110
Fundraising Direct Expenses$10,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cash Drawing$15,110$15,110$10,000$5,110
Total Events$15,110$15,110$10,000$5,110
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kathy HalseyOfficerAccounting ServicesNo$12,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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

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

“Organization's process to review form 990 reviewed by organization's account (cpa) prior to being filed.”

Form 990, Part VI, Section C, Line 19

“Available for public inspection upon request”

Filing and Contact Details

Filer

Filer Name
The Galax Foundation for Excellence in
EIN
54-1430294
Phone
2762362911
Address
PO BOX 487, GALAX, VA 24333-4222

Signing Officer

Name
Tony Truitt
Title
Chairman
Phone
2762362911
Signed
2026-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Truitt
Formed
1988
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
2

Preparer

Firm
Davidson Doyle & Hilton Llp
Address
PO BOX 800, LYNCHBURG, VA 24505-0800
Preparer
Amy a Gallagher CPA
Phone
4348467611
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“To provide educational assistance”

PART X, LINE 2:

“The foundation has adopted fasb asc 740-10, income taxes, which prescribes a comprehensive model for how an organization should measure, recognize, present, and disclose in its financial statements uncertain tax positions that an organization has taken or expects to take on a tax return. The foundation has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. The foundation believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the foundation's financial condition, results of operations or cash flows. Accordingly, the foundation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2025. Fiscal years ending on or after june 30, 2022 remain subject to examination by federal and state tax authorities.”

Raw XML AppendixShowing 400 of 454 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/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04304008
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04988615
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0613487
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EDUCATIONAL ASSISTANCE FOR GALAX, VA PUBLIC SCHOOL STUDENTS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04384857
IRS990/NetAssetsOrFundBalancesEOYAmt05085631
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0233467
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0233467
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt05110
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt05110
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0115280
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01598822
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02093919
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OFFICE SUPPLIES, POSTAG
IRS990/OtherExpensesGrp/Desc1POSTAGE AND MAIL
IRS990/OtherExpensesGrp/Desc2PRINTING AND COPYING
IRS990/OtherExpensesGrp/Desc3TAXES AND LICENSES
IRS990/OtherExpensesGrp/FundraisingAmt0195
IRS990/OtherExpensesGrp/FundraisingAmt187
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt025
IRS990/OtherExpensesGrp/ProgramServicesAmt0613
IRS990/OtherExpensesGrp/ProgramServicesAmt1195
IRS990/OtherExpensesGrp/ProgramServicesAmt287
IRS990/OtherExpensesGrp/TotalAmt0613
IRS990/OtherExpensesGrp/TotalAmt1390
IRS990/OtherExpensesGrp/TotalAmt2174
IRS990/OtherExpensesGrp/TotalAmt325
IRS990/OtherRevenueMiscGrp/Desc0MISC
IRS990/OtherRevenueMiscGrp/ExclusionAmt05550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05550
IRS990/OtherRevenueTotalAmt05550
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TONY TRUITT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt098740
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0109600
IRS990/PYInvestmentIncomeAmt0165480
IRS990/PYOtherExpensesAmt050293
IRS990/PYOtherRevenueAmt07280
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0111607
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0159893
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0271500
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0585494
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0359278
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0115515
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0326719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110216
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0946930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0157825
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0126691
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0119983
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0133667
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0103629
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0641795
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59600
IRS990ScheduleA/PublicSupportPY170Pct00.51360
IRS990ScheduleA/PublicSupportTotal170Amt0946930
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0359278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0115515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0326719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110216
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0946930
IRS990ScheduleA/TotalSupportAmt01588725
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0135060
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt04384857
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0359278
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05085631
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0476556
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0135419
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03871078
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0115515
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt04353499
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt031358
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0533683
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0260745
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03555626
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0326719
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03527466
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0115350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt021216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt033364
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt03938687
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0110216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03555626
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0102730
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-357183
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt035720
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt03183114
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt035202
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt03938687
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0112453
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0868544
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE EDUCATIONAL ASSISTANCE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ADOPTED FASB ASC 740-10, INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE FOUNDATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE FOUNDATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2025. FISCAL YEARS ENDING ON OR AFTER JUNE 30, 2022 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CASH DRAWING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015110
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt05110
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010000
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0108156
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR HIGHER EDUCATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt036
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KATHY HALSEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ACCOUNTING SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 REVIEWED BY ORGANIZATION'S ACCOUNT (CPA) PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04541196
IRS990/TotalAssetsEOYAmt05235326
IRS990/TotalAssetsGrp/BOYAmt04541196
IRS990/TotalAssetsGrp/EOYAmt05235326
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0344168
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0282
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015727
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144618
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0156339
IRS990/TotalLiabilitiesEOYAmt0149695
IRS990/TotalLiabilitiesGrp/BOYAmt0156339
IRS990/TotalLiabilitiesGrp/EOYAmt0149695

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