Civic Intelligence

Mcdowell Technical Community College Foundation Incorporated

990 • Fiscal year 2020 • EIN 59-1743773

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 18, 2020

Organization ProfileWWW.MCDOWELLTECH.EDU
54 College DriveMarion, NC 28752

(828) 652-0636

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

69th percentile

18%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

42nd percentile

2.7%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

371%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$580,856

Up $15,533 (+2.7%) from 2019

Net Assets

Up

$580,856

Up $15,533 (+2.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin69th percentile

Revenue

Up

$147,252

Up $115,999 (+371%) from 2019

Expenses

Up

$120,187

Up $94,970 (+377%) from 2019

Net Income

Up

$27,065

Up $21,029 (+348%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $320,298Liabilities 2011: $2,740Net Assets 2011: $317,5582011Assets 2012: $310,530Liabilities 2012: $163Net Assets 2012: $310,3672012Assets 2013: $290,786Liabilities 2013: $0Net Assets 2013: $290,7862013Assets 2014: $470,452Liabilities 2014: $0Net Assets 2014: $470,4522014Assets 2015: $491,052Liabilities 2015: $0Net Assets 2015: $491,0522015Assets 2016: $576,633Liabilities 2016: $3,895Net Assets 2016: $572,7382016Assets 2017: $664,418Liabilities 2017: $500Net Assets 2017: $663,9182017Assets 2018: $557,075Liabilities 2018: $0Net Assets 2018: $557,0752018Assets 2019: $565,323Liabilities 2019: $0Net Assets 2019: $565,3232019Assets 2020: $580,856Liabilities 2020: $0Net Assets 2020: $580,8562020Assets 2021: $711,685Liabilities 2021: $0Net Assets 2021: $711,6852021Assets 2022: $794,234Liabilities 2022: $0Net Assets 2022: $794,2342022Assets 2023: $783,097Liabilities 2023: $0Net Assets 2023: $783,0972023Assets 2024: $1,379,949Liabilities 2024: $0Net Assets 2024: $1,379,9492024Assets 2025: $1,638,373Liabilities 2025: $0Net Assets 2025: $1,638,3732025

Highlighted filing

2020

Assets$580,856
Liabilities$0
Net Assets$580,856
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $5,849Expenses 2011: $11,311Net Income 2011: -$5,4622011Revenue 2012: $9,001Expenses 2012: $16,281Net Income 2012: -$7,2802012Expenses 2013: $34,5952013Revenue 2014: $181,410Expenses 2014: $19,095Net Income 2014: $162,3152014Revenue 2015: $137,339Expenses 2015: $111,705Net Income 2015: $25,6342015Revenue 2016: $181,257Expenses 2016: $86,728Net Income 2016: $94,5292016Revenue 2017: $134,338Expenses 2017: $64,076Net Income 2017: $70,2622017Revenue 2018: $41,942Expenses 2018: $158,363Net Income 2018: -$116,4212018Revenue 2019: $31,253Expenses 2019: $25,217Net Income 2019: $6,0362019Revenue 2020: $147,252Expenses 2020: $120,187Net Income 2020: $27,0652020Revenue 2021: $66,448Expenses 2021: $31,125Net Income 2021: $35,3232021Revenue 2022: $197,208Expenses 2022: $18,332Net Income 2022: $178,8762022Revenue 2023: $126,356Expenses 2023: $159,252Net Income 2023: -$32,8962023Revenue 2024: $764,001Expenses 2024: $205,895Net Income 2024: $558,1062024Revenue 2025: $655,164Expenses 2025: $456,748Net Income 2025: $198,4162025

Highlighted filing

2020

Revenue$147,252
Expenses$120,187
Net Income$27,065
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 18, 2020
Return Version
2019v5.1
Gross Receipts
$150,488
Mission and Program Overview

Mission

To promote, develop and encourage public support of mcdowell technical community college. To seek and raise funds and gifts to provide to the college in order to advance the mission and goals of the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$450,532$446,449▼ $4,083
Savings and Temporary Cash Investments$113,103$133,122▲ $20,019
Cash and Non-Interest-Bearing Accounts$1,638$1,235▼ $403
Accounts Receivable$50$50→ $0
Total Assets$565,323$580,856▲ $15,533
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$557,800$565,230▲ $7,430
Net Assets Without Donor Restrictions$7,523$15,626▲ $8,103
Total Net Assets Fund Balance$565,323$580,856▲ $15,533
Total Liabilities and Net Assets / Fund Balance$565,323$580,856▲ $15,533

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$446,449--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$493,893$83,677▼ $989-$565,231
2018$446,030$38,705▲ $12,283-$493,893
2017$420,434$3,046▲ $25,255-$446,030
2016$293,874$100,000▲ $28,142-$420,434
2015$301,367-▼ $6,086-$293,874
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Dr John GossettSecretary-$139,415$139,415
Ryan GarrisonTreasurer-$96,644$96,644
Chip CrossDirectorPT$70,817$70,817

Board Members and Trustees

NameTitle
Steve McmahanChairman
Bob BoyetteBoard Member
Bobby YoungBoard Member
Danny HamptonBoard Member
Ellen ShelleyBoard Member
Gerald GreenBoard Member
Jan GoodsonBoard Member
Johnnie DavisBoard Member
Marion BakerBoard Member
Marsh DarkBoard Member
Rachel WithrowBoard Member
Ray MckessonBoard Member
Sharon ParkerBoard Member
Sim ButlerBoard Member
Steve BushBoard Member
Walt BagwellBoard Member
William HollifieldBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$132,889
Program Service Revenue
$0
Investment Income
$10,689
Other Revenue
$3,674
All Other Contributions
$132,889
Change in Net Assets
$27,065

Audited Revenue Reconciliation

Revenue per Audited Statements
$144,159
Revenue Not Reported on Financial Statements
$3,093
Revenue Not Reported on Form 990
$9,062
Total Revenue per Audited Statements
$153,221
Total Revenue per Form 990
$147,252
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$111,714
Other Expenses$8,473
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$111,714--$111,714
Fees for Services Accounting-$4,625-$4,625
Fees for Service Investment Mgmnt Fees-$3,093-$3,093
Other Expenses$755--$755
Total Functional Expenses$112,469$7,718$0$120,187

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$137,690
Total Expenses per Form 990$120,187
Expenses per Audited Statements$117,094
Expenses Not Reported on Form 990$20,596
Expenses Not Reported on Financial Statements$3,093
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mcdowell Technical Community CollegeMarion, NC-To Provide Scholarships and General Support of the College and Its Activities$111,714
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,910
Fundraising Direct Expenses$3,236
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 A, Line 8B

“There are no other committees with authority to act on behalf of the governing board.”

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

“A copy of form 990 is maintained at the foundation's office for review by the board prior to filing”

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

“Any possible conflict of interest shall be disclosed to the board by the person concerned. If deemed to be a conflict of interest, the said person shall not participate in the matter. The official minutes of the board shall reflect that the conflict of interest was disclosed and that the interested person did not participate in the matter.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Mcdowell Technical Community
EIN
59-1743773
Phone
8286520636
Address
54 COLLEGE DRIVE, MARION, NC 28752

Signing Officer

Name
Ryan Garrison
Title
Treasurer
Phone
8286520627
Signed
2020-09-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Madalyn Gaito
Formed
1977
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
0

Preparer

Firm
Lowdermilk Church & Co Llp
Address
121 NORTH STERLING STREET, MORGANTON, NC 28655
Preparer
Phillip E Church
Phone
8284331226
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Part v, line 4: the foundation's endowment funds are either temporarily or permanently restricted funds earmarked by the donor for specific purposes. Permanently restricted net assets represent contributions by donors who have indicated that the assets are to remain in perpetuity as permanent endowments of the foundation.”

PART X, LINE 2:

“Fasb asc 740-10, accounting for uncertainty in income taxes, clarifies the accounting for uncertainty in income tax positions. Based on an evaluation of uncertain tax positions, management is required to measure potential tax liabilities that could have a risk of greater than a 50% likelihood of being realized upon settlement. As of june 30, 2020, management has determined that the foundation has no such risk and therefore no liabilities have been recorded for uncertain tax positions. The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. The foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions material to the financial statements. The foundations return of organization exempt from income tax (form 990) for 2016, 2017, and 2018 are subject to examination by the irs, generally for three years after they are filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising 3,236. In kind contributions 17,360. Rounding -2.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 3,236. In kind expenses 17,360. Rounding”

Raw XML AppendixShowing 400 of 539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt03236
IRS990/FundraisingGrossIncomeAmt06910
IRS990/GainOrLossGrp/SecuritiesAmt05970
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt0111714
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0111714
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0111714
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt05970
IRS990/GrossReceiptsAmt0150488
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04719
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04719
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0450532
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0446449
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE, DEVELOP AND ENCOURAGE PUBLIC SUPPORT OF MCDOWELL TECHNICAL COMMUNITY COLLEGE. TO SEEK AND RAISE FUNDS AND GIFTS TO PROVIDE TO THE COLLEGE IN ORDER TO ADVANCE THE MISSION AND GOALS OF THE COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0565323
IRS990/NetAssetsOrFundBalancesEOYAmt0580856
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05970
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05970
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt03674
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt03674
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-11532
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07523
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt015626
IRS990/NoncashContributionsAmt0528
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0755
IRS990/OtherExpensesGrp/TotalAmt0755
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MADALYN GAITO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020735
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt013078
IRS990/PYInvestmentIncomeAmt010518
IRS990/PYOtherExpensesAmt012139
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06036
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt025217
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt031253
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt027065
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0113103
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0133122
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0132889
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt020735
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020729
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0121120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0167938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0463411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04719
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04163
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04445
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04196
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt022551
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95360
IRS990ScheduleA/PublicSupportPY170Pct00.95380
IRS990ScheduleA/PublicSupportTotal170Amt0463411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0132889
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt020735
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020729
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0121120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0167938
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0463411
IRS990ScheduleA/TotalSupportAmt0485962
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/AdministrativeExpensesAmt03093
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0493893
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt083677
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0565231
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt08257
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-989
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt03125
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0446030
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt038705
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0493893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012283
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt02705
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0420434
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt03046
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0446030
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025255
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt01582
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0293874
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0420434
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt028142
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01407
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0301367
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0293874
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6086
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/ExpensesNotReportedAmt020596
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03093
IRS990ScheduleD/ExpensesSubtotalAmt0117094
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt03093
IRS990ScheduleD/InvestmentExpensesNotIncldAmt03093
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-11532
IRS990ScheduleD/OtherExpensesIncludedAmt020596
IRS990ScheduleD/OtherRevenueAmt020594
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0446449
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CFWNC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.60810
IRS990ScheduleD/RevenueNotReportedAmt09062
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt03093
IRS990ScheduleD/RevenueSubtotalAmt0144159
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE EITHER TEMPORARILY OR PERMANENTLY RESTRICTED FUNDS EARMARKED BY THE DONOR FOR SPECIFIC PURPOSES. PERMANENTLY RESTRICTED NET ASSETS REPRESENT CONTRIBUTIONS BY DONORS WHO HAVE INDICATED THAT THE ASSETS ARE TO REMAIN IN PERPETUITY AS PERMANENT ENDOWMENTS OF THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS, MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN A 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF JUNE 30, 2020, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATIONS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2016, 2017, AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING 3,236. IN KIND CONTRIBUTIONS 17,360. ROUNDING -2.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 3,236. IN KIND EXPENSES 17,360. ROUNDING
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/TermEndowmentBalanceEOYPct00.39190
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0446449
IRS990ScheduleD/TotalExpensesPerForm990Amt0120187
IRS990ScheduleD/TotalRevenuePerForm990Amt0147252

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$580,856
Liabilities
$0
Net assets
$580,856
Revenue
$147,252
Expenses
$120,187
Net income
$27,065
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.00$1.64$0.66$0.46$0.20
2024Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.76$0.21$0.56
2023Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$0.13$0.16$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.20$0.02$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.07$0.03$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.15$0.12$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.03$0.03$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.04$0.16$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.13$0.06$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.57$0.18$0.09$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.14$0.11$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.18$0.02$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.03
2012Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.01$0.02$0.01
2011Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$0.01$0.01$0.01