Civic Intelligence

Educational Foundation of Georgia Society of Certified Public Accountants

990 • Fiscal year 2022 • EIN 58-6043271

Jun 01, 2021 to May 31, 2022 • Filed on Jan 31, 2023

Organization ProfileWWW.GSCPA.ORG/CONTENT/FOUNDATION.ASPX
Six Concourse Parkway 800Atlanta, GA 30328

(404) 504-2946

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

100th percentile

1287%

Higher net margin than 100% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

25th percentile

-7.1%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$3,001,488

Down $231,088 (-7.1%) from 2021

Net Assets

Down

$2,957,008

Down $268,068 (-8.3%) from 2021

Liabilities

Up

$44,480

Up $36,980 (+493%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$12,110

Down $365,817 (-103%) from 2021

Expenses

Down

$143,738

Down $9,982 (-6.5%) from 2021

Net Income

Down

-$155,848

Down $355,835 (-178%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,992,453Liabilities 2010: $15,027Net Assets 2010: $1,977,4262010Assets 2011: $2,234,694Liabilities 2011: $12,543Net Assets 2011: $2,222,1512011Assets 2012: $2,118,676Liabilities 2012: $9,688Net Assets 2012: $2,108,9882012Assets 2013: $2,288,275Liabilities 2013: $4,000Net Assets 2013: $2,284,2752013Assets 2014: $2,446,347Liabilities 2014: $0Net Assets 2014: $2,446,3472014Assets 2015: $2,490,378Liabilities 2015: $20,363Net Assets 2015: $2,470,0152015Assets 2016: $2,414,339Liabilities 2016: $3,351Net Assets 2016: $2,410,9882016Assets 2017: $2,535,554Liabilities 2017: $3,180Net Assets 2017: $2,532,3742017Assets 2019: $2,656,926Liabilities 2019: $0Net Assets 2019: $2,656,9262019Assets 2020: $2,687,319Liabilities 2020: $31,700Net Assets 2020: $2,655,6192020Assets 2021: $3,232,576Liabilities 2021: $7,500Net Assets 2021: $3,225,0762021Assets 2022: $3,001,488Liabilities 2022: $44,480Net Assets 2022: $2,957,0082022Assets 2023: $2,878,271Liabilities 2023: $10,978Net Assets 2023: $2,867,2932023Assets 2024: $3,151,837Liabilities 2024: $0Net Assets 2024: $3,151,8372024Assets 2025: $3,297,541Liabilities 2025: $0Net Assets 2025: $3,297,5412025

Highlighted filing

2022

Assets$3,001,488
Liabilities$44,480
Net Assets$2,957,008
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KExpenses 2010: $98,9812010Revenue 2011: $149,509Expenses 2011: $131,208Net Income 2011: $18,3012011Expenses 2012: $183,2012012Expenses 2013: $208,5642013Revenue 2014: $139,754Expenses 2014: $174,431Net Income 2014: -$34,6772014Revenue 2015: $145,710Expenses 2015: $175,743Net Income 2015: -$30,0332015Revenue 2016: $160,934Expenses 2016: $162,175Net Income 2016: -$1,2412016Revenue 2017: $146,673Expenses 2017: $155,154Net Income 2017: -$8,4812017Revenue 2019: $206,038Expenses 2019: $122,091Net Income 2019: $83,9472019Revenue 2020: $108,652Expenses 2020: $120,655Net Income 2020: -$12,0032020Revenue 2021: $353,707Expenses 2021: $153,720Net Income 2021: $199,9872021Revenue 2022: -$12,110Expenses 2022: $143,738Net Income 2022: -$155,8482022Revenue 2023: $131,678Expenses 2023: $173,240Net Income 2023: -$41,5622023Revenue 2024: $254,249Expenses 2024: $178,069Net Income 2024: $76,1802024Revenue 2025: $239,819Expenses 2025: $208,642Net Income 2025: $31,1772025

Highlighted filing

2022

Revenue-$12,110
Expenses$143,738
Net Income-$155,848
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Jan 31, 2023
Return Version
2021v4.2
Gross Receipts
$1,113
Mission and Program Overview

Mission

To encourage the best and the brightest individuals in Georgia to become Certified Public Accountants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,079,481$2,870,838▼ $208,643
Cash and Non-Interest-Bearing Accounts$35,720$67,736▲ $32,016
Savings and Temporary Cash Investments$85,179$31,719▼ $53,460
Accounts Receivable$32,196$31,195▼ $1,001
Total Assets$3,232,576$3,001,488▼ $231,088
Liabilities
Deferred Revenue$7,500$44,480▲ $36,980
Total Liabilities$7,500$44,480▲ $36,980
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,488,777$2,306,258▼ $182,519
Net Assets Without Donor Restrictions$736,299$650,750▼ $85,549
Total Net Assets Fund Balance$3,225,076$2,957,008▼ $268,068
Total Liabilities and Net Assets / Fund Balance$3,232,576$3,001,488▼ $231,088

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$3,164,660-▼ $182,102-$2,902,558
2020$2,601,319$50,000▲ $603,341-$3,164,660
2019$2,504,498$100,000▲ $76,821-$2,601,319
2018$2,519,623$200▲ $9,675-$2,504,498
2017$2,419,992-▲ $159,631-$2,519,623
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Kelly B CranfordPresident
Abriel a DavisPresident-elect
Christopher L LewisDirector
Colin E BlalockDirector
Darrell J ThawDirector
Douglas a MosesDirector
Geoffrey P SmithDirector
J M Ii MccombDirector
Jack MilnerDirector
Jason BlairDirector
L D Jr SneathenDirector
Lawrence M CohenDirector
Lydia W RosencrantsDirector
Phillip B BueltermanDirector
Randall L ShrumDirector
Randall M WebbDirector
Susan M RobinsonDirector
Tabitaha L ReganDirector
Timothy R VealDirector
Will T LazenbySecretary
Maliece S WhatleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,346
Program Service Revenue
$0
Investment Income
$-69,883
Other Revenue
$-12,573
All Other Contributions
$70,346
Change in Net Assets
$-155,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$-12,110
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-9,506
Total Revenue per Audited Statements
$-21,616
Total Revenue per Form 990
$-12,110
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$128,950
Other Expenses$14,788
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$128,950--$128,950
Fees for Services Accounting-$11,100-$11,100
Office Expenses-$2,132-$2,132
Other Expenses$1,556--$1,556
Total Functional Expenses$130,506$13,232$0$143,738

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$246,451
Expenses per Audited Statements$143,738
Total Expenses per Form 990$143,738
Expenses Not Reported on Form 990$102,713
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,223
Fundraising Gross Income$650
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
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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

“The form 990 is prepared by an outside cpa firm, aprio, llp. The president of the foundation, the treasurer of the foundation, and senior management of the georgia society of cpas perform a detailed review of the form 990 and attachements on behalf of the board. Form 990 is then made available electronically to the remainder of the board of directors for their review prior to filing.”

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

“The officers and directors of the organization annually receive a conflict of interest policy to review and sign. The copies are maintained and internally reviewed by the georgia society of certified public accountants.”

Form 990, Part VI, Section C, Line 19

“The organization's form 990, governing documents, conflict of interest policy, and audited financial statements are maintained at the georgia society of certified public accountants' office and are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Educational Foundation of Georgia
EIN
58-6043271
Phone
4045042946
Address
SIX CONCOURSE PARKWAY 800, ATLANTA, GA 30328

Signing Officer

Name
Boyd Search
Title
CEO
Phone
4045042946
Signed
2023-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Boyd Search
Formed
1957
Legal Domicile
Ga
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
21

Preparer

Firm
Aprio Llp
Address
2002 SUMMIT BOULEVARD SUITE 120, ATLANTA, GA 30319
Preparer
Angela T Dotson
Phone
4048929651
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization has not change the oversight process for the review during the year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of funds established to provide scholarship awards and includes both donor-restricted funds and funds designated by the board to function as endowments.”

PART X, LINE 2:

“The foundation is a not-for-profit corporation and has been recognized as exempt from federal income taxes on related income under section 501(c)(3) of the irc. Accordingly, no provision for income taxes is included in the accompanying financial statements. The foundation follows the asset and liability approach which prescribes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. There are no such uncertain tax positions for the foundation for the years ended may 31, 2022 and 2021. The foundation is no longer subject to income tax examinations for fiscal years prior to 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted against revenues 13,223. Rounding”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses netted against revenues 13,223.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt013223
IRS990/FundraisingGrossIncomeAmt0650
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantAmt0107300
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0128950
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0128950
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01113
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0-69883
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-69883
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03079481
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02870838
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENCOURAGE THE BEST AND THE BRIGHTEST INDIVIDUALS IN GEORGIA TO BECOME CERTIFIED PUBLIC ACCOUNTANTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03225076
IRS990/NetAssetsOrFundBalancesEOYAmt02957008
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-12573
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-12573
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-112220
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0736299
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0650750
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02132
IRS990/OfficeExpensesGrp/TotalAmt02132
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STUDENT OUTREACH
IRS990/OtherExpensesGrp/ProgramServicesAmt01556
IRS990/OtherExpensesGrp/TotalAmt01556
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BOYD SEARCH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0CHAPTER MATCHING SCHOLARSHIP AWARDS PROGRAM:AWARDED TO DESERVING STUDENTS THROUGH GSCPA CHAPTERS RANGING IN AMOUNTS FROM $500 TO $2,000 TO RISING JUNIOR AND SENIOR UNDERGRADUATE ACCOUNTING STUDENTS AND GRADUATE STUDENTS ENROLLED IN A MASTER'S LEVEL ACCOUNTING OR BUSINESS ADMINISTRATION PROGRAM. EACH RECIPIENT MUST BE A GEORGIA RESIDENT AND MAINTAIN A STATED OVERALL GPA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013750
IRS990/ProgSrvcAccomActy2Grp/GrantAmt013750
IRS990/ProgSrvcAccomActy3Grp/Desc0ACADEMIC EXCELLENCE AWARD SCHOLARSHIPS:AWARDED TO DESERVING STUDENTS WHO ACHIEVE THE HIGHEST GPA AT THEIR COLLEGE OR UNIVERSITY RANGING IN AMOUNTS FROM $250 TO $500.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07900
IRS990/ProgSrvcAccomActy3Grp/GrantAmt07900
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01556
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0650
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0100095
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0140000
IRS990/PYInvestmentIncomeAmt0233871
IRS990/PYOtherExpensesAmt013720
IRS990/PYOtherRevenueAmt019741
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0199987
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0153720
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0353707
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-155848
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt085179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt070346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0100095
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0118996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0117769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0453409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0-69883
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0233871
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt066125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt092904
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt079038
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0402055
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt026972
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0650
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt035596
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt059
IRS990ScheduleA/OtherIncome170Grp/TotalAmt036305
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.50840
IRS990ScheduleA/PublicSupportPY170Pct00.45110
IRS990ScheduleA/PublicSupportTotal170Amt0453409
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt070346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0100095
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046203
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0118996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0117769
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0453409
IRS990ScheduleA/TotalSupportAmt0891769
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt080000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03164660
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02902558
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-182102
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt090000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02601319
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt050000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03164660
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0603341
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt080000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02504498
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02601319
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt076821
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt025000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02519623
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0200
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02504498
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09675
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt060000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02419992
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02519623
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0159631
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt089490
IRS990ScheduleD/DonatedServicesUseFcltsAmt089490
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0102713
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0143738
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-112219
IRS990ScheduleD/OtherExpensesIncludedAmt013223
IRS990ScheduleD/OtherRevenueAmt013223
IRS990ScheduleD/RevenueNotReportedAmt0-9506
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-12110
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED TO PROVIDE SCHOLARSHIP AWARDS AND INCLUDES BOTH DONOR-RESTRICTED FUNDS AND FUNDS DESIGNATED BY THE BOARD TO FUNCTION AS ENDOWMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE ASSET AND LIABILITY APPROACH WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE ARE NO SUCH UNCERTAIN TAX POSITIONS FOR THE FOUNDATION FOR THE YEARS ENDED MAY 31, 2022 AND 2021. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES NETTED AGAINST REVENUES 13,223. ROUNDING
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES NETTED AGAINST REVENUES 13,223.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0143738
IRS990ScheduleD/TotalRevenuePerForm990Amt0-12110
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-21616

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,001,488
Liabilities
$44,480
Net assets
$2,957,008
Revenue
-$12,110
Expenses
$143,738
Net income
-$155,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.24$0.21$0.03
2024Detailed filing. Detailed filing data is available for this year.$3.15$0.00$3.15$0.25$0.18$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.88$0.01$2.87$0.13$0.17$0.04
2022Detailed filing. Detailed filing data is available for this year.$3.00$0.04$2.96$0.01$0.14$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.01$3.23$0.35$0.15$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.69$0.03$2.66$0.11$0.12$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.66$0.21$0.12$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.53$0.15$0.16$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$0.16$0.16$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.49$0.02$2.47$0.15$0.18$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.14$0.17$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.00$2.28$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.12$0.01$2.11$0.18
2011Summary only. Only limited summary data is available for this year.$2.23$0.01$2.22$0.15$0.13$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.02$1.98$0.10