Liabilities / Assets
14th percentile
Tied with the lowest-debt nonprofits in its peer group.
Research Educational Foundation Inc.
990 • Fiscal year 2017 • EIN 75-1247639
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
14th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
77th percentile
Higher net margin than 77% of similar nonprofits.
Top Officer Pay
45th percentile
Higher top officer pay than 45% of similar nonprofits.
Top officer pay equals 50.4% of source-year revenue.
Asset Growth
59th percentile
Faster asset growth than 59% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Balance Sheet
Assets
Up$2,821,187
Up $164,693 (+6.2%) from 2016
Net Assets
Up$2,821,187
Up $164,693 (+6.2%) from 2016
Liabilities
Flat$0
Flat from 2016
Revenue And Expenses
Revenue
Down$102,263
Down $1,845,500 (-95%) from 2016
Expenses
Down$83,393
Down $365,800 (-81%) from 2016
Net Income
Down$18,870
Down $1,479,700 (-99%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2016 to Jul 31, 2017
- Signed
- Feb 16, 2017
- Return Version
- 2016v3.1
- Gross Receipts
- $433,702
Mission and Program Overview
Mission
To glorify the lord jesus christ.
To spread the gospel of jesus christ.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $2,656,494 | $2,821,187 | ▲ $164,693 |
| Investments in Publicly Traded Securities | $625,052 | $2,658,452 | ▲ $2,033,400 |
| Land, Buildings, and Equipment, Net | $310,974 | - | - |
| Savings and Temporary Cash Investments | $1,704,148 | $162,735 | ▼ $1,541,413 |
| Cash and Non-Interest-Bearing Accounts | $16,320 | - | - |
| Total Assets | $2,656,494 | $2,821,187 | ▲ $164,693 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,656,494 | $2,821,187 | ▲ $164,693 |
| Total Liabilities and Net Assets / Fund Balance | $2,656,494 | $2,821,187 | ▲ $164,693 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Stanley Thomas | President/di | FT | $51,000 | $540 | $51,540 |
| David Thomas | Sec/treas/VP | FT | $36,965 | $14,535 | $51,500 |
| Deborah Thomas | Director | - | - | $48,000 | $48,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| C Tim Villasana | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $127
- Program Service Revenue
- $0
- Investment Income
- $98,686
- Other Revenue
- $3,450
- All Other Contributions
- $127
- Change in Net Assets
- $18,870
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $55,216 |
| Other Expenses | $28,177 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | $52,636 | - | $52,636 |
| Fees for Service Investment Mgmnt Fees | - | $11,042 | - | $11,042 |
| Occupancy | - | $6,325 | - | $6,325 |
| Fees for Services Accounting | - | $4,905 | - | $4,905 |
| Fees for Services Legal | - | $3,500 | - | $3,500 |
| Payroll Taxes | - | $2,580 | - | $2,580 |
| Office Expenses | - | $2,091 | - | $2,091 |
| Other Expenses | $212 | - | - | $212 |
| Travel | $102 | - | - | $102 |
| Total Functional Expenses | $314 | $83,079 | $0 | $83,393 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| David Thomas | See Part V | Employment | No | $52,636 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Backup withholding compliance
- Yes
- Business relationship with family members
- Yes
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- 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 2
“Stanley thomas deborah thomas director director family relationship stanley thomas david thomas director director family relationship deborah thomas david thomas director director family relationship”
Form 990, Page 6, Part VI, Line 4
“The bylaws for the organization were changed to restate the purpose clause for the organization to become a grant making organization.”
Form 990, Page 6, Part VI, Line 11B
“The form 990 is prepared by a third party cpa. It is sent to the organization for review. Once approval is received, the form 990 is processed for signature and sent to the organization. The board of directors meets to review the return before it is signed and filed with the internal revenue service.”
Form 990, Page 6, Part VI, Line 12C
“Annually the board of directors are required to affirm that they have received a copy of the conflict of interest policy and agree to comply with the policy. The policy requires disclosure to the board of any possible conflict of interest as they may arise. The board determines which steps should be taken when a conflict of interest is disclosed.”
Form 990, Page 6, Part VI, Line 15A
“The independent board member compares independent salary surveys with current compensation rates in order to verify that the compensation is consistent with compensation for a person in a similar position with a similar organization. The conclusion is documented in the minutes of the board meeting. This process is done whenever there are changes to compensation or duties and was last documented in july of 2012.”
Form 990, Page 6, Part VI, Line 15B
“The independent board member compares independent salary surveys with current compensation rates in order to verify that the compensation is consistent with compensation for a person in a similar position with a similar organization. The conclusion is documented in the minutes of the board meeting. This process is done whenever there are changes to compensation or duties and was last documented in july of 2012.”
Form 990, Page 6, Part VI, Line 19
“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Research Educational Foundation
- EIN
- 75-1247639
- Phone
- 4696449687
- Address
- PO BOX 796936, DALLAS, TX 75379-6936
Signing Officer
- Name
- David Thomas
- Title
- Sec/treas/VP/Director
- Phone
- 2148088350
- Signed
- 2017-02-16
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Stanley Thomas
- Formed
- 1967
- Legal Domicile
- TX
- Voting Board Members
- 4
- Independent Board Members
- 1
- Employees
- 7
- Volunteers
- 1
Preparer
- Firm
- Sommerville & Associates Pc
- Address
- 3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
- Preparer
- Elaine L Sommerville CPA
- Phone
- 8177955046
Raw XML Appendix362 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO SPREAD THE GOSPEL OF JESUS CHRIST. |
| IRS990/AllOtherContributionsAmt | 0 | 127 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DAVID THOMAS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4696449687 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 796936 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | DALLAS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 753796936 |
| IRS990/BusinessRlnWithFamMemInd | 0 | true |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 16320 |
| IRS990/ChangeToOrgDocumentsInd | 0 | true |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 52636 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 52636 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
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| IRS990/CYOtherExpensesAmt | 0 | 28177 |
| IRS990/CYOtherRevenueAmt | 0 | 3450 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 18870 |
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| IRS990/CYTotalExpensesAmt | 0 | 83393 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 102263 |
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| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | RESEARCH EDUCATIONAL FOUNDATION SPREADS THE GOSPEL OF JESUS CHRIST THROUGH THE SUPPORT OF OTHER 501(C)(3) ORGANIZATIONS DEDICATED TO CONDUCTING PROGRAMS THAT GLORIFY JESUS AND MINISTER TO THE BODY OF CHRIST. DURING THE FISCAL YEAR, THE ORGANIZATION TOOK STEPS TO ESTABLISH GRANT PROGRAMS AND TRANSITION FROM PAST PROGRAMS DISCONTINUED IN THE PRIOR FISCAL YEAR. |
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| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 7 |
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| IRS990/ExpenseAmt | 0 | 314 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 4905 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 3500 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 3500 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt | 0 | 11042 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 11042 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 540 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 14535 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | STANLEY THOMAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DEBORAH THOMAS |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | C TIM VILLASANA |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 51000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 36965 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 48000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT/DI |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SEC/TREAS/VP |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1967 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 68561 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 400000 |
| IRS990/GrossReceiptsAmt | 0 | 433702 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 30125 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 30125 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 625052 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 2658452 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 310974 |
| IRS990/LegalDomicileStateCd | 0 | TX |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 331439 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO GLORIFY THE LORD JESUS CHRIST. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2821187 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 68561 |
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| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 145823 |
| IRS990/NondeductibleContributionsInd | 0 | false |
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| IRS990/OccupancyGrp/TotalAmt | 0 | 6325 |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 2091 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
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| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | DUES & SUBSCRIPTIONS |
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| IRS990/OtherExpensesGrp/TotalAmt | 0 | 212 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 953 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 639 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 14401 |
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| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 468 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1124 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 609 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 4919 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.81780 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87140 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1747386 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 308769 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 127 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 51292 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 664517 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 665002 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 675217 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2056155 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2136574 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | DAVID THOMAS |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt | 0 | SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd | 0 | false |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt | 0 | 52636 |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 0 | EMPLOYMENT |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | PART IV(1)(D) - DAVID THOMAS HAS A FAMILY RELATIONSHIP WITH DIRECTOR STANLEY THOMAS AND DIRECTOR DEBORAH THOMAS. |
| IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE L, PART V |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | STANLEY THOMAS DEBORAH THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP STANLEY THOMAS DAVID THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP DEBORAH THOMAS DAVID THOMAS DIRECTOR DIRECTOR FAMILY RELATIONSHIP |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BYLAWS FOR THE ORGANIZATION WERE CHANGED TO RESTATE THE PURPOSE CLAUSE FOR THE ORGANIZATION TO BECOME A GRANT MAKING ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS PREPARED BY A THIRD PARTY CPA. IT IS SENT TO THE ORGANIZATION FOR REVIEW. ONCE APPROVAL IS RECEIVED, THE FORM 990 IS PROCESSED FOR SIGNATURE AND SENT TO THE ORGANIZATION. THE BOARD OF DIRECTORS MEETS TO REVIEW THE RETURN BEFORE IT IS SIGNED AND FILED WITH THE INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ANNUALLY THE BOARD OF DIRECTORS ARE REQUIRED TO AFFIRM THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE POLICY. THE POLICY REQUIRES DISCLOSURE TO THE BOARD OF ANY POSSIBLE CONFLICT OF INTEREST AS THEY MAY ARISE. THE BOARD DETERMINES WHICH STEPS SHOULD BE TAKEN WHEN A CONFLICT OF INTEREST IS DISCLOSED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE INDEPENDENT BOARD MEMBER COMPARES INDEPENDENT SALARY SURVEYS WITH CURRENT COMPENSATION RATES IN ORDER TO VERIFY THAT THE COMPENSATION IS CONSISTENT WITH COMPENSATION FOR A PERSON IN A SIMILAR POSITION WITH A SIMILAR ORGANIZATION. THE CONCLUSION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THIS PROCESS IS DONE WHENEVER THERE ARE CHANGES TO COMPENSATION OR DUTIES AND WAS LAST DOCUMENTED IN JULY OF 2012. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE INDEPENDENT BOARD MEMBER COMPARES INDEPENDENT SALARY SURVEYS WITH CURRENT COMPENSATION RATES IN ORDER TO VERIFY THAT THE COMPENSATION IS CONSISTENT WITH COMPENSATION FOR A PERSON IN A SIMILAR POSITION WITH A SIMILAR ORGANIZATION. THE CONCLUSION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. THIS PROCESS IS DONE WHENEVER THERE ARE CHANGES TO COMPENSATION OR DUTIES AND WAS LAST DOCUMENTED IN JULY OF 2012. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-02-19 |
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| ReturnHeader/ReturnTs | 0 | 2018-02-19T13:35:42-06:00 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $2,821,187
- Liabilities
- $0
- Net assets
- $2,821,187
- Revenue
- $102,263
- Expenses
- $83,393
- Net income
- $18,870