Civic Intelligence

Hanover Education Foundation

990 • Fiscal year 2018 • EIN 54-1573406

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 06, 2018

Organization ProfileWWW.HEFHANOVER.COM
200 Berkley StreetAshland, VA 23005-1302

(804) 365-4565

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

34th percentile

-2.0%

Higher net margin than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

54th percentile

2.2%

Faster asset growth than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,667,284

Up $78,776 (+2.2%) from 2017

Net Assets

Up

$3,663,913

Up $79,905 (+2.2%) from 2017

Liabilities

Down

$3,371

Down $1,129 (-25%) from 2017

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin34th percentile

Revenue

Down

$418,375

Down $133,787 (-24%) from 2017

Expenses

Up

$426,683

Up $94,741 (+29%) from 2017

Net Income

Down

-$8,308

Down $228,528 (-104%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,391,202Liabilities 2011: $20,889Net Assets 2011: $1,370,3132011Assets 2012: $1,364,946Liabilities 2012: $0Net Assets 2012: $1,364,9462012Assets 2013: $1,505,874Liabilities 2013: $25,622Net Assets 2013: $1,480,2522013Assets 2014: $2,920,559Liabilities 2014: $8,147Net Assets 2014: $2,912,4122014Assets 2015: $3,177,177Liabilities 2015: $0Net Assets 2015: $3,177,1772015Assets 2016: $3,096,901Liabilities 2016: $1,392Net Assets 2016: $3,095,5092016Assets 2017: $3,588,508Liabilities 2017: $4,500Net Assets 2017: $3,584,0082017Assets 2018: $3,667,284Liabilities 2018: $3,371Net Assets 2018: $3,663,9132018Assets 2019: $3,763,636Liabilities 2019: $0Net Assets 2019: $3,763,6362019Assets 2020: $3,831,915Liabilities 2020: $6,000Net Assets 2020: $3,825,9152020Assets 2021: $4,771,377Liabilities 2021: $0Net Assets 2021: $4,771,3772021Assets 2022: $4,181,076Liabilities 2022: $0Net Assets 2022: $4,181,0762022Assets 2023: $4,426,495Liabilities 2023: $0Net Assets 2023: $4,426,4952023Assets 2024: $4,748,655Liabilities 2024: $0Net Assets 2024: $4,748,6552024

Highlighted filing

2018

Assets$3,667,284
Liabilities$3,371
Net Assets$3,663,913
Open 2018 Filing

Operations Trend

Revenue Growth12th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $285,1842011Expenses 2012: $246,9642012Revenue 2013: $209,280Expenses 2013: $196,829Net Income 2013: $12,4512013Revenue 2014: $1,571,026Expenses 2014: $282,615Net Income 2014: $1,288,4112014Revenue 2015: $706,361Expenses 2015: $342,403Net Income 2015: $363,9582015Revenue 2016: $410,359Expenses 2016: $372,907Net Income 2016: $37,4522016Revenue 2017: $552,162Expenses 2017: $331,942Net Income 2017: $220,2202017Revenue 2018: $418,375Expenses 2018: $426,683Net Income 2018: -$8,3082018Revenue 2019: $337,555Expenses 2019: $356,503Net Income 2019: -$18,9482019Revenue 2020: $585,857Expenses 2020: $494,563Net Income 2020: $91,2942020Revenue 2021: $609,232Expenses 2021: $279,936Net Income 2021: $329,2962021Revenue 2022: $552,749Expenses 2022: $335,391Net Income 2022: $217,3582022Revenue 2023: $542,835Expenses 2023: $396,671Net Income 2023: $146,1642023Revenue 2024: $434,335Expenses 2024: $512,073Net Income 2024: -$77,7382024

Highlighted filing

2018

Revenue$418,375
Expenses$426,683
Net Income-$8,308
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 6, 2018
Return Version
2017v2.3
Gross Receipts
$1,381,435
Mission and Program Overview

Mission

To substantially augment existing tax and grant-based funds in order to provide hanover county students with unparalled opportunities and experiences.

To enhance educational opportunities in hanover county, virginia

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,221,871$3,344,635▲ $122,764
Savings and Temporary Cash Investments$364,188$322,479▼ $41,709
Accounts Receivable$2,440$170▼ $2,270
Total Assets$3,588,499$3,667,284▲ $78,785
Liabilities
Accounts Payable and Accrued Expenses$4,498$3,371▼ $1,127
Total Liabilities$4,498$3,371▼ $1,127
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,011,192$2,149,287▲ $138,095
Permanently Rstr Net Assets$1,051,595$1,051,595→ $0
Unrestricted Net Assets$521,214$463,031▼ $58,183
Total Net Assets Fund Balance$3,584,001$3,663,913▲ $79,912
Total Liabilities and Net Assets / Fund Balance$3,588,499$3,667,284▲ $78,785

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,221,871-▲ $321,065-$3,344,635
2017$2,787,731$233,750▲ $411,033-$3,221,871
2016$2,884,586-▲ $17,830-$2,787,731
2015$2,615,939$330,000▲ $50,582-$2,884,586
2014$1,213,266$1,200,000▲ $262,210$16,088$2,615,939
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Brett S ChristianPresident
Fatima R CaldasDirector
Ginnina L EakleDirector
J Michael LohrDirector
Jeffrey L SigmonDirector
Jennifer a CoreyDirector
Katharine M BondDirector
Kim EppsDirector
Kimberley B Dages CPADirector
Michael C PatrickDirector
Trip TribbleDirector
Margaret HillExecutive Di
Sharon H PottsSecretary
Paul B FranklinTreasurer
Thamer E Temple IiiVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$181,669
Program Service Revenue
$0
Investment Income
$232,846
Other Revenue
$3,860
All Other Contributions
$130,492
Change in Net Assets
$-8,308

Audited Revenue Reconciliation

Revenue per Audited Statements
$378,073
Revenue Not Reported on Financial Statements
$40,302
Revenue Not Reported on Form 990
$180,517
Total Revenue per Audited Statements
$558,590
Total Revenue per Form 990
$418,375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,895
Other Expenses$125,788
Total Fundraising Expense$53,707
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$287,868--$287,868
Fees for Service Investment Mgmnt Fees-$40,302-$40,302
All Other Expenses-$5,589$7,858$13,447
Grants to Domestic Individuals$13,027--$13,027
Fees for Services Accounting-$9,800-$9,800
Conferences and Meetings-$6,509-$6,509
Other Expenses-$4,476$5,590$4,476
Travel-$3,224-$3,224
Office Expenses-$1,323-$1,323
Insurance-$858-$858
Total Functional Expenses$300,895$72,081$53,707$426,683

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$478,678
Total Expenses per Form 990$426,683
Expenses per Audited Statements$386,381
Expenses Not Reported on Form 990$92,297
Expenses Not Reported on Financial Statements$40,302
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hanover County Public SchoolsAshland, VAGovScholarships/awards$287,868
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,600
Fundraising Direct Expenses$25,740
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Celebration Din$35,000$15,200-$15,200
Golf Tournament$26,793$10,000-$10,000
Total Events$80,777$29,600$25,740$3,860
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
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The accounting firm prepares the draft form 990 which is circlulated by email to the board. The board is given a response period for questions. After the response period expires and questions are addressed the foundation files the form 990.”

Form 990, Page 6, Part VI, Line 19

“All records are available to the public for review upon request at the office of the foundation located at the county of hanover, virginia school board office, 200 berkley street, ashland, virginia.”

Filing and Contact Details

Filer

Filer Name
Hanover Education Foundation
EIN
54-1573406
Phone
8043654565
Address
200 BERKLEY STREET, ASHLAND, VA 23005-1302

Signing Officer

Name
Margaret Hill
Title
Executive Director
Phone
8043654565
Signed
2018-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Hill
Formed
1989
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
22

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
George G Crowell CPA
Phone
8045600560
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are in place to provide the resources necessary to provide grants and scholarships to hanover county public school students, educators, and school leaders.”

Schedule D, Page 3, Part X

“The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income (ubti). The foundation has recognized no uncertain tax positions for the year ended june 30, 2018. The foundation is generally no longer subject to examination by the internal revenue service for years before 2015.”

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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUBSTANTIALLY AUGMENT EXISTING TAX AND GRANT-BASED FUNDS IN ORDER TO PROVIDE HANOVER COUNTY STUDENTS WITH UNPARALLED OPPORTUNITIES AND EXPERIENCES.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03860
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04839
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0LACROSSE
IRS990/OtherExpensesGrp/Desc1INDIRECT - SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc2PATRICK HENRY BRICK FUND
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt026749
IRS990/OtherExpensesGrp/FundraisingAmt113510
IRS990/OtherExpensesGrp/FundraisingAmt25590
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04476
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IRS990/OtherExpensesGrp/TotalAmt113510
IRS990/OtherExpensesGrp/TotalAmt25590
IRS990/OtherExpensesGrp/TotalAmt34476
IRS990/PartialLiquidationInd0false
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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01051595
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01051595
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARGARET HILL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0376110
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0225538
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IRS990/PYOtherExpensesAmt0106904
IRS990/PYOtherRevenueAmt033793
IRS990/PYRevenuesLessExpensesAmt0220217
IRS990/PYTotalExpensesAmt0332442
IRS990/PYTotalRevenueAmt0552659
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReconcilationRevenueExpnssAmt0-8308
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0364188
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0181669
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0242364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0533568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01496819
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02830530
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0158759
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0137168
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0114004
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0134171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0118461
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0662563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt029600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt074261
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0103861
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0158759
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0137168
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0114004
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0134171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0118461
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0662563
IRS990ScheduleA/InvestmentIncomeCYPct00.18000
IRS990ScheduleA/InvestmentIncomePYPct00.15000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt030045
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt022018
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt052063
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80420
IRS990ScheduleA/PublicSupportPY509Pct00.83360
IRS990ScheduleA/PublicSupportTotal509Amt02934391
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0211269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0450371
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0242364
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0533568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01496819
IRS990ScheduleA/Total509Grp/TotalAmt02934391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0370028
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0587539
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0386413
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0689757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01615280
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03649017
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.08980
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt040301
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03221871
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03344635
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0158000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0321065
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt036643
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02787731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0233750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03221871
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0174000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0411033
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt025685
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02884586
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02787731
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt089000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt017830
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt022935
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02615939
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0330000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02884586
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt089000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt050582
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt016088
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01213266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt01200000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02615939
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt043449
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0262210
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt016088
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt092297
IRS990ScheduleD/DonatedServicesUseFcltsAmt092297
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt092297
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt040302
IRS990ScheduleD/ExpensesSubtotalAmt0386381
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt040302
IRS990ScheduleD/InvestmentExpensesNotIncldAmt040302
IRS990ScheduleD/NetUnrealizedGainsInvstAmt088220
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.31440
IRS990ScheduleD/RevenueNotReportedAmt0180517
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt040302
IRS990ScheduleD/RevenueSubtotalAmt0378073
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE IN PLACE TO PROVIDE THE RESOURCES NECESSARY TO PROVIDE GRANTS AND SCHOLARSHIPS TO HANOVER COUNTY PUBLIC SCHOOL STUDENTS, EDUCATORS, AND SCHOOL LEADERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE FOUNDATION HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2018. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0426683
IRS990ScheduleD/TotalRevenuePerForm990Amt0418375
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0558590
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0478678
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt051177
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt019800
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt016793
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt014584
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt025740
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CELEBRATION DIN
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026793
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt018984
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080777
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029600

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,667,284
Liabilities
$3,371
Net assets
$3,663,913
Revenue
$418,375
Expenses
$426,683
Net income
-$8,308
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$0.43$0.51$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.43$0.00$4.43$0.54$0.40$0.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.00$4.18$0.55$0.34$0.22
2021Detailed filing. Detailed filing data is available for this year.$4.77$0.00$4.77$0.61$0.28$0.33
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.01$3.83$0.59$0.49$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$0.34$0.36$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.67$0.00$3.66$0.42$0.43$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.59$0.00$3.58$0.55$0.33$0.22
2016Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$0.41$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.71$0.34$0.36
2014Summary only. Only limited summary data is available for this year.$2.92$0.01$2.91$1.57$0.28$1.29
2013Summary only. Only limited summary data is available for this year.$1.51$0.03$1.48$0.21$0.20$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.02$1.37$0.29