Civic Intelligence

Augusta Technical College Foundation Inc.

990 • Fiscal year 2023 • EIN 58-1750663

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 23, 2024

Organization ProfileN/A
3200 Augusta Tech Drive Bld 100Augusta, GA 30906

(706) 771-4006

Siviq Scores

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

Liabilities / Assets

39th percentile

0.10x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.50x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

59th percentile

9.0%

Faster asset growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-50%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$11,483,696

Up $946,238 (+9.0%) from 2022

Net Assets

Up

$10,330,601

Up $1,628,255 (+19%) from 2022

Liabilities

Down

$1,153,095

Down $682,017 (-37%) from 2022

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin94th percentile

Revenue

Down

$2,287,712

Down $2,285,508 (-50%) from 2022

Expenses

Down

$709,740

Down $9,626 (-1.3%) from 2022

Net Income

Down

$1,577,972

Down $2,275,882 (-59%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$15M$10M$5.0M$0Assets 2011: $3,118,261Liabilities 2011: $0Net Assets 2011: $3,118,2612011Assets 2012: $4,337,860Liabilities 2012: $0Net Assets 2012: $4,337,8602012Assets 2013: $4,413,048Liabilities 2013: $0Net Assets 2013: $4,413,0482013Assets 2014: $4,207,056Liabilities 2014: $0Net Assets 2014: $4,207,0562014Assets 2015: $3,930,720Liabilities 2015: $0Net Assets 2015: $3,930,7202015Assets 2016: $4,234,675Liabilities 2016: $0Net Assets 2016: $4,234,6752016Assets 2017: $4,576,256Liabilities 2017: $0Net Assets 2017: $4,576,2562017Assets 2018: $4,485,652Liabilities 2018: $0Net Assets 2018: $4,485,6522018Assets 2019: $4,987,580Liabilities 2019: $0Net Assets 2019: $4,987,5802019Assets 2020: $5,186,195Liabilities 2020: $0Net Assets 2020: $5,186,1952020Assets 2021: $5,743,988Liabilities 2021: $23,764Net Assets 2021: $5,720,2242021Assets 2022: $10,537,458Liabilities 2022: $1,835,112Net Assets 2022: $8,702,3462022Assets 2023: $11,483,696Liabilities 2023: $1,153,095Net Assets 2023: $10,330,6012023Assets 2024: $13,944,451Liabilities 2024: $1,129,826Net Assets 2024: $12,814,6252024

Highlighted filing

2023

Assets$11,483,696
Liabilities$1,153,095
Net Assets$10,330,601
Open 2023 Filing

Operations Trend

Revenue Growth6th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2011: $301,969Expenses 2011: $163,302Net Income 2011: $138,6672011Expenses 2012: $332,4172012Revenue 2013: $310,141Expenses 2013: $231,998Net Income 2013: $78,1432013Revenue 2014: $375,414Expenses 2014: $214,009Net Income 2014: $161,4052014Revenue 2015: $311,355Expenses 2015: $260,709Net Income 2015: $50,6462015Revenue 2016: $346,075Expenses 2016: $313,380Net Income 2016: $32,6952016Revenue 2017: $281,552Expenses 2017: $177,729Net Income 2017: $103,8232017Revenue 2018: $430,103Expenses 2018: $188,134Net Income 2018: $241,9692018Revenue 2019: $363,600Expenses 2019: $202,504Net Income 2019: $161,0962019Revenue 2020: $512,396Expenses 2020: $231,795Net Income 2020: $280,6012020Revenue 2021: $628,755Expenses 2021: $231,157Net Income 2021: $397,5982021Revenue 2022: $4,573,220Expenses 2022: $719,366Net Income 2022: $3,853,8542022Revenue 2023: $2,287,712Expenses 2023: $709,740Net Income 2023: $1,577,9722023Revenue 2024: $3,141,011Expenses 2024: $695,617Net Income 2024: $2,445,3942024

Highlighted filing

2023

Revenue$2,287,712
Expenses$709,740
Net Income$1,577,972
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 23, 2024
Return Version
2023v5.0
Gross Receipts
$3,299,309
Mission and Program Overview

Mission

To raise and appropriate resources that will support augusta technical college in carrying out its mission of excellence in workforce education that leads to the career advancement of its students.

To raise and appropriate resources that will support augusta technical college in carrying out its mission of excellence in workforce education that leads to career advancement of its students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,266,378$6,165,787▼ $100,591
Investments in Publicly Traded Securities$3,403,628$3,586,081▲ $182,453
Pledges and Grants Receivable$728,553$1,635,415▲ $906,862
Cash and Non-Interest-Bearing Accounts$98,047$77,499▼ $20,548
Accounts Receivable$37,868--
Prepaid Expenses and Deferred Charges$2,984$18,914▲ $15,930
Total Assets$10,537,458$11,483,696▲ $946,238
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,800,000$1,100,000▼ $700,000
Accounts Payable and Accrued Expenses$35,112$53,095▲ $17,983
Total Liabilities$1,835,112$1,153,095▼ $682,017
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,279,293$6,618,329▲ $339,036
Net Assets With Donor Restrictions$2,423,053$3,712,272▲ $1,289,219
Total Net Assets Fund Balance$8,702,346$10,330,601▲ $1,628,255
Total Liabilities and Net Assets / Fund Balance$10,537,458$11,483,696▲ $946,238

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,917,951$105,679$4,023,630
Land$2,247,836-$2,247,836

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,142,109$58,460▼ $87,455-$1,084,921
2022$1,181,161$11,813▼ $48,015-$1,142,109
2021$1,280,944$45,830▼ $139,863-$1,181,161
2020$1,264,109$33,295▼ $5,517-$1,280,944
2019$1,235,636$28,247▲ $1,726-$1,264,109
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Mr Randall HatcherChairman
Dr Jermaine WhirlPresident
Mr Joseph GambillVice Chairma
Mr James KendrickTrustee
Mr Jason CuevasTrustee
Mr Larry FletcherTrustee
Mr Nick Dickinson JrTrustee
Mr Peter ClausTrustee
Mrs Marissa SmithTrustee
Ms Creshauna DarrisawTrustee
Ms Jane KinseyTrustee
Ms Lily HensonTrustee
Mrs Shelia StuberfieldTreasurer
Ms Cheryl CiucevichVP
Revenue and Support

Revenue Composition

Contributions and Grants
$2,085,600
Program Service Revenue
$0
Investment Income
$200,778
Other Revenue
$1,334
All Other Contributions
$2,085,600
Change in Net Assets
$1,577,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,287,712
Revenue Not Reported on Form 990
$231,616
Total Revenue per Audited Statements
$2,519,328
Total Revenue per Form 990
$2,287,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,294
Grants and Similar Amounts Paid$254,446
Total Fundraising Expense$122,702
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$184,672--$184,672
Depreciation Depletion$100,591--$100,591
Fees for Services Other-$53,640$20,265$73,905
Grants to Domestic Orgs$69,774--$69,774
Conferences and Meetings-$33,165$12,530$45,695
Occupancy$12,394$21,442$8,102$41,938
Fees for Services Accounting-$22,268$8,413$30,681
Insurance$26,292--$26,292
Information Technology-$11,896$4,494$16,390
Fees for Service Investment Mgmnt Fees-$9,565$3,614$13,179
All Other Expenses-$6,800$2,571$9,371
Other Expenses-$4,137$1,563$5,700
Office Expenses-$905-$905
Total Functional Expenses$393,723$193,315$122,702$709,740

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$891,073
Expenses per Audited Statements$709,740
Total Expenses per Form 990$709,740
Expenses Not Reported on Form 990$181,333
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Augusta Technical CollegeAugusta, GA115iSupport the Mission$69,774
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Conflict-of-interest policy
Yes
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

“A copy of the form 990 will be shared with the board for their review and approval prior to submission to the irs.”

Form 990, Page 6, Part VI, Line 12C

“On an annual basis, the foundation director collects the data forms and reviews them for any possible conflict of interest. If a question arises about a potential conflict of interest, it is brought to the attention of the foundation board president to review and decide a course of action. That person with the potential conflict also will recuse themselves from all discussion and/or vote on the matter.”

Form 990, Page 6, Part VI, Line 15A

“The foundation has no full time employees. Key personnel in support of the foundation are college employees and are subject to compensation, classification and all other personnel policies of the college. The college periodically reviews its classification and compensation structure.”

Form 990, Page 6, Part VI, Line 19

“The financial statements, conflict of interest policy and governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Augusta Technical College
EIN
58-1750663
Phone
7067714006
Address
3200 AUGUSTA TECH DRIVE BLD 100, AUGUSTA, GA 30906

Signing Officer

Name
Ms Cheryl Ciucevich
Title
VP
Phone
7067714006
Signed
2024-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Randall Hatcher
Formed
1987
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
The Cleveland Group
Address
3740 EXECUTIVE CENTER DR STE 200, MARTINEZ, GA 30907-2360
Preparer
Adam Williams
Phone
7062882800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“0 53,640 20,265”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The endowment funds were established to provide permanent funding opportunities for scholarships for students. Two funds are not yet fully funded, the other endowments are all for scholarships. The intent of the funds is to use the interest earned from the funds to award scholarships to students. The minimum to establish an endowment fund is 10,000.”

Schedule D, Page 3, Part X

“The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the foundation's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(i)(a)(vi) and has been classified as a foundation other than a private foundation under section 509(a)(2). Therefore, no provision for income taxes is recorded by the foundation. The foundation is not aware of any uncertain tax positions as of december 31, 2023.”

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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011896
IRS990/InformationTechnologyGrp/TotalAmt016390
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IRS990/InsuranceGrp/TotalAmt026292
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0163606
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IRS990/IRPDocumentCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06165787
IRS990/LandBldgEquipCostOrOtherBssAmt06271466
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01011597
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO RAISE AND APPROPRIATE RESOURCES THAT WILL SUPPORT AUGUSTA TECHNICAL COLLEGE IN CARRYING OUT ITS MISSION OF EXCELLENCE IN WORKFORCE EDUCATION THAT LEADS TO THE CAREER ADVANCEMENT OF ITS STUDENTS.
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IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt037172
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt08102
IRS990/OccupancyGrp/ManagementAndGeneralAmt021442
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IRS990/OccupancyGrp/TotalAmt041938
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0905
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SALARY REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1DONOR CULTIVATION
IRS990/OtherExpensesGrp/Desc2DUES/SUBSCRIPTIONS/MEMBER
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IRS990/OtherExpensesGrp/FundraisingAmt16581
IRS990/OtherExpensesGrp/FundraisingAmt23194
IRS990/OtherExpensesGrp/FundraisingAmt31563
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03625
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117419
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28453
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34137
IRS990/OtherExpensesGrp/TotalAmt055000
IRS990/OtherExpensesGrp/TotalAmt124000
IRS990/OtherExpensesGrp/TotalAmt211647
IRS990/OtherExpensesGrp/TotalAmt35700
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
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IRS990/OtherRevenueTotalAmt01334
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0728553
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02984
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018914
IRS990/PrincipalOfficerNm0MR RANDALL HATCHER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING SUPPORT TO AUGUSTA TECHNICAL COLLEGE AND ITS STUDENTS TO PROMOTE ITS MISSION OF EXCELLENCE IN WORKFORCE EDUCATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0108460
IRS990/ProgSrvcAccomActy2Grp/GrantAmt069774
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING AWARDS AND INCENTIVES TO INSTRUCTORS FOR THEIR EXCELLENCE IN ADVANCING THEIR STUDENTS TOWARDS THEIR CAREER OBJECTIVES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04222337
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0609351
IRS990/PYInvestmentIncomeAmt0343059
IRS990/PYOtherExpensesAmt0110015
IRS990/PYOtherRevenueAmt07824
IRS990/PYRevenuesLessExpensesAmt03853854
IRS990/PYTotalExpensesAmt0719366
IRS990/PYTotalRevenueAmt04573220
IRS990/ReconcilationRevenueExpnssAmt01577972
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt028,921
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02085600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04222337
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0307571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0185614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0152476
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06953598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0164940
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0343059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0315544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0172115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0158174
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01153832
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0894807
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01334
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt07824
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05640
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04399
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09724
IRS990ScheduleA/OtherIncome170Grp/TotalAmt028921
IRS990ScheduleA/PublicSupportCY170Pct00.61440
IRS990ScheduleA/PublicSupportPY170Pct00.59980
IRS990ScheduleA/PublicSupportTotal170Amt04999006
IRS990ScheduleA/SubstantialContributorsTotAmt01954592
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02085600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04222337
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0307571
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0185614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0152476
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06953598
IRS990ScheduleA/TotalSupportAmt08136351
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/BookValueAmt03917951
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105679
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04023630
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01142109
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt058460
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01084921
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt028193
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-87455
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01181161
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt011813
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01142109
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02850
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-48015
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01280944
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt045830
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01181161
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt05750
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-139863
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01264109
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt033295
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01280944
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt010943
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-5517
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01235636
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt028247
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01264109
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01500
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01726
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0181333
IRS990ScheduleD/DonatedServicesUseFcltsAmt0181333
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0181333
IRS990ScheduleD/ExpensesSubtotalAmt0709740
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02247836
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02247836
IRS990ScheduleD/NetUnrealizedGainsInvstAmt050283
IRS990ScheduleD/RevenueNotReportedAmt0231616
IRS990ScheduleD/RevenueSubtotalAmt02287712
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT FUNDS WERE ESTABLISHED TO PROVIDE PERMANENT FUNDING OPPORTUNITIES FOR SCHOLARSHIPS FOR STUDENTS. TWO FUNDS ARE NOT YET FULLY FUNDED, THE OTHER ENDOWMENTS ARE ALL FOR SCHOLARSHIPS. THE INTENT OF THE FUNDS IS TO USE THE INTEREST EARNED FROM THE FUNDS TO AWARD SCHOLARSHIPS TO STUDENTS. THE MINIMUM TO ESTABLISH AN ENDOWMENT FUND IS 10,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(I)(A)(VI) AND HAS BEEN CLASSIFIED AS A FOUNDATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THEREFORE, NO PROVISION FOR INCOME TAXES IS RECORDED BY THE FOUNDATION. THE FOUNDATION IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06165787
IRS990ScheduleD/TotalExpensesPerForm990Amt0709740

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,483,696
Liabilities
$1,153,095
Net assets
$10,330,601
Revenue
$2,287,712
Expenses
$709,740
Net income
$1,577,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.9$1.13$12.8$3.14$0.70$2.45
2023Detailed filing. Detailed filing data is available for this year.$11.5$1.15$10.3$2.29$0.71$1.58
2022Detailed filing. Detailed filing data is available for this year.$10.5$1.84$8.70$4.57$0.72$3.85
2021Detailed filing. Detailed filing data is available for this year.$5.74$0.02$5.72$0.63$0.23$0.40
2020Detailed filing. Detailed filing data is available for this year.$5.19$0.00$5.19$0.51$0.23$0.28
2019Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$0.36$0.20$0.16
2018Detailed filing. Detailed filing data is available for this year.$4.49$0.00$4.49$0.43$0.19$0.24
2017Detailed filing. Detailed filing data is available for this year.$4.58$0.00$4.58$0.28$0.18$0.10
2016Detailed filing. Detailed filing data is available for this year.$4.23$0.00$4.23$0.35$0.31$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.31$0.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.21$0.00$4.21$0.38$0.21$0.16
2013Detailed filing. Detailed filing data is available for this year.$4.41$0.00$4.41$0.31$0.23$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.34$0.00$4.34$0.33
2011Summary only. Only limited summary data is available for this year.$3.12$0.00$3.12$0.30$0.16$0.14