Civic Intelligence

Literacy Matters Foundation

990 • Fiscal year 2019 • EIN 81-2943386

Jul 01, 2018 to Jun 30, 2019 • Filed on May 12, 2020

Organization ProfileWWW.LITERACYMATTERS.ORG
1005 W Franklin Ave No 3Minneapolis, MN 55405

(502) 966-7323

Siviq Scores

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

Liabilities / Assets

54th percentile

0.10x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

96th percentile

115%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

120%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$514,589

Up $275,789 (+115%) from 2018

Net Assets

Up

$461,699

Up $222,899 (+93%) from 2018

Liabilities

Up

$52,890

Up $52,890 from 2018

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin76th percentile

Revenue

Up

$1,282,696

Up $700,898 (+120%) from 2018

Expenses

Up

$1,046,412

Up $513,851 (+96%) from 2018

Net Income

Up

$236,284

Up $187,047 (+380%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$800K$600K$400K$200K$0Assets 2017: $234,113Liabilities 2017: $0Net Assets 2017: $234,1132017Assets 2018: $238,800Liabilities 2018: $0Net Assets 2018: $238,8002018Assets 2019: $514,589Liabilities 2019: $52,890Net Assets 2019: $461,6992019Assets 2020: $659,234Liabilities 2020: $273,598Net Assets 2020: $385,6362020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$514,589
Liabilities$52,890
Net Assets$461,699
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $417,745Expenses 2017: $183,632Net Income 2017: $234,1132017Revenue 2018: $581,798Expenses 2018: $532,561Net Income 2018: $49,2372018Revenue 2019: $1,282,696Expenses 2019: $1,046,412Net Income 2019: $236,2842019Revenue 2020: $1,131,534Expenses 2020: $1,207,597Net Income 2020: -$76,0632020Revenue 2021: $815,376Expenses 2021: $1,201,012Net Income 2021: -$385,6362021

Highlighted filing

2019

Revenue$1,282,696
Expenses$1,046,412
Net Income$236,284
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 12, 2020
Return Version
2018v3.1
Gross Receipts
$1,282,696
Mission and Program Overview

Mission

The literacy matters foundation is a team of teachers, content experts, technology gurus, and strategists who help students master literacy. By building educational software based on proven pedagogic techniques, and integrating it into the classroom, we bring personalized reading and writing instruction to empower emerging readers.

Our mission is to leverage the best technology and proven curriculum to empower young learners (k-3) with the basic reading skills needed to close the literacy gap.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$194,800$471,978▲ $277,178
Land, Buildings, and Equipment, Net$0$22,554▲ $22,554
Accounts Receivable$40,000$12,560▼ $27,440
Prepaid Expenses and Deferred Charges$3,000$3,497▲ $497
Total Assets$238,800$514,589▲ $275,789
Other Assets Total$1,000$4,000▲ $3,000
Liabilities
Accounts Payable and Accrued Expenses$0$45,856▲ $45,856
Other Liabilities$0$7,034▲ $7,034
Total Liabilities$0$52,890▲ $52,890
Net Assets / Fund Balance
Unrestricted Net Assets$238,800$440,913▲ $202,113
Permanently Rstr Net Assets-$20,786-
Total Net Assets Fund Balance$238,800$461,699▲ $222,899
Total Liabilities and Net Assets / Fund Balance$238,800$514,589▲ $275,789

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,532$3,337$22,869
Other Land Buildings$3,022$778$3,800
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Kathy KowalchykBoard Co-chair
Deb MallinFounder, Co-chair and CEO
Anne TaylorBoard Member
Beth GleekelBoard Member
David BrookinsBoard Member
Efonda SprolesBoard Member
Elizabeth VillafanaBoard Member
Jill FieldBoard Member
John HuppBoard Member
John ThomasBoard Member
KRISTA O'MALLEYBoard Member
Kristi PiehlBoard Member
Rick CampionBoard Member
Sonia UngermanBoard Member
Wayne HawkinsBoard Member
Bruce LangerBoard Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cardamons LLCProgramming And Development6465 WAYZATA BLVD STE 220, Minneapolis, MN 55426$223,815
Revenue and Support

Revenue Composition

Contributions and Grants
$1,222,998
Program Service Revenue
$46,100
Investment Income
$4,598
Other Revenue
$9,000
All Other Contributions
$1,222,998
Change in Net Assets
$236,284

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$31,640Fair Market Value (FMV)
Other Non Cash Contri Table1$450Fair Market Value (FMV)
Total Noncash Contributions4$32,090-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,282,696
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$436,607
Total Revenue per Audited Statements
$1,719,303
Total Revenue per Form 990
$1,282,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$953,398
Total Fundraising Expense$211,675
Professional Fundraising Fees$93,014
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$442,846$175,042$37,236$655,124
Fees for Services Professional Fundraising--$93,014$93,014
Office Expenses$32,452$8,160$59$40,671
Occupancy$16,368$12,397$8,970$37,735
Information Technology$10,061$7,405$12,292$29,758
Advertising--$7,647$7,647
Depreciation Depletion$2,083$2,032-$4,115
Travel$52$2,098-$2,150
Insurance-$1,489-$1,489
Other Expenses$498$759$1,669$1,257
Total Functional Expenses$591,980$242,757$211,675$1,046,412

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,483,019
Expenses per Audited Statements$1,046,412
Total Expenses per Form 990$1,046,412
Expenses Not Reported on Form 990$436,607
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$93,014
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY DEB MALLIN, FOUNDER AND BOARD CHAIRTHE FOUNDATION HAS A LICENSING AGREEMENT FOR THE USE OF THE LEARNING PROGRAM FROM A COMPANY THAT IS OWNED BY THE FOUNDER AND CEO OF THE FOUNDATION. THE PRODUCT IS LEASED TO THE FOUNDATION FOR $1 PER YEAR, FOR A FIVE YEAR TERM, ENDING APRIL 2024. AN IN-KIND CONTRIBUTION FOR THE FAIR MARKET VALUE OF THE USE OF THE PRODUCT IS RECORDED IN THE AUDITED STATEMENT OF ACTIVITIES TOTALED $149,999 FOR THE YEAR ENDED JUNE 30, 2019. LITERACY MATTERS FOUNDATION MAY CREATE DERIVATIVE WORKS BASED ON THE PRODUCTS WITHIN THE SCOPE OF THE LICENSE, BUT DEBBY WEBBY LLC SHALL OWN UNCONDITIONALLY ANY AND ALL SUCH DERIVATIVE WORKS.No$150,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payables$7,034
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 was submitted via email to all board members prior to it being filed with the irs.”

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

“The conflict of interest policy covers interested persons, who include any director, officer, or member of a committee with board-delegated powers, who has a direct or indirect financial interest. Annually, each interested person completes a conflict of interest statement disclosure form. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Any proceedings are documented within meeting minutes.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies, and financials statements are publicly available upon request.”

Filing and Contact Details

Filer

Filer Name
Literacy Matters Foundation
EIN
81-2943386
Phone
5029667323
Address
1005 W FRANKLIN AVE NO 3, MINNEAPOLIS, MN 55405

Signing Officer

Name
Deb Mallin
Title
Founder & CEO
Phone
5029667323
Signed
2020-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deb Mallin
Formed
2016
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
40

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
225 S 6TH ST 2300, MINNEAPOLIS, MN 55402
Preparer
Lawrence H Mohr CPA
Phone
6128764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees: management and general expenses 22,158. Total expenses 22,158. Contracted services: program service expenses 442,846. Management and general expenses 152,884. Fundraising expenses 37,236. Total expenses 632,966.”

FORM 990, PART XII, LINE 1:

“The organization changed its accounting method from modified cash to accrual for the current year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code according to an internal revenue service determination letter. Accordingly, the foundation is not subject to federal income taxes except to the extent it derives income from certain activities not substantially related to its tax-exempt purposes (unrelated trade or business activities). The foundation had no material unrelated business income during the year. It is also exempt from state income tax. The foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the foundation for uncertain tax positions as of june 30, 2019 and 2018. The foundation's tax returns are subject to review and examination by federal and state authorities.”

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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01282696
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt012292
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07405
IRS990/InformationTechnologyGrp/ProgramServicesAmt010061
IRS990/InformationTechnologyGrp/TotalAmt029758
IRS990/InsuranceGrp/ManagementAndGeneralAmt01489
IRS990/InsuranceGrp/TotalAmt01489
IRS990/InvestmentIncomeGrp/ExclusionAmt04598
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04598
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04115
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022554
IRS990/LandBldgEquipCostOrOtherBssAmt026669
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE LITERACY MATTERS FOUNDATION IS A TEAM OF TEACHERS, CONTENT EXPERTS, TECHNOLOGY GURUS, AND STRATEGISTS WHO HELP STUDENTS MASTER LITERACY. BY BUILDING EDUCATIONAL SOFTWARE BASED ON PROVEN PEDAGOGIC TECHNIQUES, AND INTEGRATING IT INTO THE CLASSROOM, WE BRING PERSONALIZED READING AND WRITING INSTRUCTION TO EMPOWER EMERGING READERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0238800
IRS990/NetAssetsOrFundBalancesEOYAmt0461699
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt032090
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08970
IRS990/OccupancyGrp/ManagementAndGeneralAmt012397
IRS990/OccupancyGrp/ProgramServicesAmt016368
IRS990/OccupancyGrp/TotalAmt037735
IRS990/OfficeExpensesGrp/FundraisingAmt059
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08160
IRS990/OfficeExpensesGrp/ProgramServicesAmt032452
IRS990/OfficeExpensesGrp/TotalAmt040671
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01000
IRS990/OtherAssetsTotalGrp/EOYAmt04000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1HOSPITALITY
IRS990/OtherExpensesGrp/Desc2FEES, DUES, AND OTHER
IRS990/OtherExpensesGrp/FundraisingAmt050788
IRS990/OtherExpensesGrp/FundraisingAmt11669
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031396
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11979
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2759
IRS990/OtherExpensesGrp/ProgramServicesAmt084215
IRS990/OtherExpensesGrp/ProgramServicesAmt13405
IRS990/OtherExpensesGrp/ProgramServicesAmt2498
IRS990/OtherExpensesGrp/TotalAmt0166399
IRS990/OtherExpensesGrp/TotalAmt17053
IRS990/OtherExpensesGrp/TotalAmt21257
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt07034
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt09000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09000
IRS990/OtherRevenueTotalAmt09000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt020786
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03497
IRS990/PrincipalOfficerNm0DEB MALLIN
IRS990/PriorPeriodAdjustmentsAmt0-13385
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046100
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0579225
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01548
IRS990/PYOtherExpensesAmt0546329
IRS990/PYOtherRevenueAmt025
IRS990/PYProgramServiceRevenueAmt01000
IRS990/PYRevenuesLessExpensesAmt04687
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0577111
IRS990/PYTotalProfFndrsngExpnsAmt030782
IRS990/PYTotalRevenueAmt0581798
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0236284
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt046100
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2017 AMOUNT: $ 25. 2018 AMOUNT: $ 9,000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01222998
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0579225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0417484
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02219707
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04598
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0261
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06407
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt047100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt025
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09025
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01627925
IRS990ScheduleA/SubstantialContributorsTotAmt0591782
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01222998
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0579225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0417484
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02219707
IRS990ScheduleA/TotalSupportAmt02235139
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/DonatedServicesAndUseFcltsAmt0436607
IRS990ScheduleD/DonatedServicesUseFcltsAmt0436607
IRS990ScheduleD/EquipmentGrp/BookValueAmt019532
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03337
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022869
IRS990ScheduleD/ExpensesNotReportedAmt0436607
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01046412
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0778
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07034
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYABLES
IRS990ScheduleD/RevenueNotReportedAmt0436607
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01282696
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ACCORDING TO AN INTERNAL REVENUE SERVICE DETERMINATION LETTER. ACCORDINGLY, THE FOUNDATION IS NOT SUBJECT TO FEDERAL INCOME TAXES EXCEPT TO THE EXTENT IT DERIVES INCOME FROM CERTAIN ACTIVITIES NOT SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES (UNRELATED TRADE OR BUSINESS ACTIVITIES). THE FOUNDATION HAD NO MATERIAL UNRELATED BUSINESS INCOME DURING THE YEAR. IT IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FOUNDATION FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019 AND 2018. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022554
IRS990ScheduleD/TotalExpensesPerForm990Amt01046412
IRS990ScheduleD/TotalLiabilityAmt07034
IRS990ScheduleD/TotalRevenuePerForm990Amt01282696
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01719303
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01483019
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1FUNDRAISING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt01041006
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt115331
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0991103
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-27780
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0ELIZABETH L FENTON
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm1LIZ SHEROD
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt049903
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt143111
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0426 HOLLYHOCK LANE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt14509 ARDEN AVENUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$514,589
Liabilities
$52,890
Net assets
$461,699
Revenue
$1,282,696
Expenses
$1,046,412
Net income
$236,284
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.82$1.20$0.39
2020Detailed filing. Detailed filing data is available for this year.$0.66$0.27$0.39$1.13$1.21$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.05$0.46$1.28$1.05$0.24
2018Summary only. Only limited summary data is available for this year.$0.24$0.00$0.24$0.58$0.53$0.05
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.42$0.18$0.23