Civic Intelligence

Telacu Education Fountation

990 • Fiscal year 2015 • EIN 95-4384333

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

5400 E Olympic BlvdLos Angeles, CA 90022

(323) 721-1655

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.29x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

63rd percentile

7.8%

Higher net margin than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$1,465,112

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 46.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

76th percentile

13%

Faster asset growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

8.7%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,990,737

Up $340,302 (+13%) from 2014

Net Assets

Up

$2,086,830

Up $243,864 (+13%) from 2014

Liabilities

Up

$903,907

Up $96,438 (+12%) from 2014

Revenue

Up

$3,127,356

Up $249,089 (+8.7%) from 2014

Expenses

Up

$2,883,492

Up $163,399 (+6.0%) from 2014

Net Income

Up

$243,864

Up $85,690 (+54%) from 2014

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,890,355Liabilities 2010: $1,000,458Net Assets 2010: $889,8972010Assets 2011: $2,048,751Liabilities 2011: $832,327Net Assets 2011: $1,216,4242011Assets 2012: $2,374,218Liabilities 2012: $846,351Net Assets 2012: $1,527,8672012Assets 2013: $2,449,824Liabilities 2013: $765,032Net Assets 2013: $1,684,7922013Assets 2014: $2,650,435Liabilities 2014: $807,469Net Assets 2014: $1,842,9662014Assets 2015: $2,990,737Liabilities 2015: $903,907Net Assets 2015: $2,086,8302015Assets 2016: $2,941,599Liabilities 2016: $941,176Net Assets 2016: $2,000,4232016Assets 2017: $2,835,507Liabilities 2017: $908,743Net Assets 2017: $1,926,7642017Assets 2018: $3,171,054Liabilities 2018: $465,171Net Assets 2018: $2,705,8832018Assets 2019: $3,471,359Liabilities 2019: $574,964Net Assets 2019: $2,896,3952019Assets 2020: $3,535,364Liabilities 2020: $586,010Net Assets 2020: $2,949,3542020Assets 2021: $3,966,291Liabilities 2021: $726,411Net Assets 2021: $3,239,8802021Assets 2022: $3,925,717Liabilities 2022: $599,232Net Assets 2022: $3,326,4852022Assets 2023: $3,813,540Liabilities 2023: $573,892Net Assets 2023: $3,239,6482023Assets 2024: $3,524,667Liabilities 2024: $773,118Net Assets 2024: $2,751,5492024

Highlighted filing

2015

Assets$2,990,737
Liabilities$903,907
Net Assets$2,086,830

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $2,632,207Expenses 2010: $3,073,338Net Income 2010: -$441,1312010Revenue 2011: $3,053,043Expenses 2011: $2,726,516Net Income 2011: $326,5272011Revenue 2012: $3,079,648Expenses 2012: $2,768,205Net Income 2012: $311,4432012Revenue 2013: $2,938,430Expenses 2013: $2,781,505Net Income 2013: $156,9252013Revenue 2014: $2,878,267Expenses 2014: $2,720,093Net Income 2014: $158,1742014Revenue 2015: $3,127,356Expenses 2015: $2,883,492Net Income 2015: $243,8642015Revenue 2016: $3,330,642Expenses 2016: $3,417,049Net Income 2016: -$86,4072016Revenue 2017: $3,352,674Expenses 2017: $3,426,333Net Income 2017: -$73,6592017Revenue 2018: $4,265,628Expenses 2018: $3,486,509Net Income 2018: $779,1192018Revenue 2019: $3,698,108Expenses 2019: $3,507,596Net Income 2019: $190,5122019Revenue 2020: $3,311,295Expenses 2020: $3,258,336Net Income 2020: $52,9592020Revenue 2021: $3,920,920Expenses 2021: $3,630,394Net Income 2021: $290,5262021Revenue 2022: $4,223,258Expenses 2022: $4,136,653Net Income 2022: $86,6052022Revenue 2023: $4,092,484Expenses 2023: $4,179,321Net Income 2023: -$86,8372023Revenue 2024: $3,852,000Expenses 2024: $4,340,099Net Income 2024: -$488,0992024

Highlighted filing

2015

Revenue$3,127,356
Expenses$2,883,492
Net Income$243,864
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$3,440,138
Mission and Program Overview

Mission

The foundation provides services and resources for scholarship programs and educational enrichment programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,180,138$2,320,329▲ $140,191
Accounts Receivable$300,000$476,800▲ $176,800
Land, Buildings, and Equipment, Net$69,107$87,100▲ $17,993
Pledges and Grants Receivable$46,388$58,929▲ $12,541
Prepaid Expenses and Deferred Charges$15,702$47,579▲ $31,877
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,650,435$2,990,737▲ $340,302
Other Assets Total$39,100$0▼ $39,100
Liabilities
Other Liabilities$441,372$471,823▲ $30,451
Accounts Payable and Accrued Expenses$366,097$432,084▲ $65,987
Total Liabilities$807,469$903,907▲ $96,438
Net Assets / Fund Balance
Unrestricted Net Assets$1,095,783$1,227,495▲ $131,712
Temporarily Rstr Net Assets$747,183$859,335▲ $112,152
Total Net Assets Fund Balance$1,842,966$2,086,830▲ $243,864
Total Liabilities and Net Assets / Fund Balance$2,650,435$2,990,737▲ $340,302

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$87,100$270,395$357,495
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
David LizarragaChairman$146,557$69,906$216,463
Carmen O PerezDirector-$7,500$7,500

Board Members and Trustees

NameTitle
Priscilla LizarragaDirector
Michael LizarragaPres/CEO/Director
Velma De La RosaSenior VP
Paul SamuelVP/CFO/secr
Revenue and Support

Revenue Composition

Contributions and Grants
$2,805,403
Program Service Revenue
$0
Investment Income
$3,308
Other Revenue
$318,645
All Other Contributions
$1,269,660
Change in Net Assets
$243,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,127,356
Total Revenue per Audited Statements
$3,127,356
Total Revenue per Form 990
$3,127,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,379,796
Other Expenses$897,078
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$783,560$116,881-$900,441
Benefits to Members$606,618--$606,618
Current Officers, Directors, Trustees, and Key Employees-$216,463-$216,463
Other Employee Benefits$157,470$4,654-$162,124
Payroll Taxes$89,866$2,331-$92,197
Other Expenses$91,060$83,969-$91,060
Office Expenses$74,695$3,184-$77,879
Fees for Services Other$8,457$45,362-$53,819
All Other Expenses$40,661--$40,661
Depreciation Depletion$32,829$275-$33,104
Advertising$25,545$7,201-$32,746
Occupancy$15,109$1,462-$16,571
Insurance-$10,183-$10,183
Pension Plan Contributions$3,151$5,420-$8,571
Total Functional Expenses$2,386,107$497,385$0$2,883,492

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,883,492
Total Expenses per Audited Statements$2,883,492
Total Expenses per Form 990$2,883,492
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$605,259
Fundraising Direct Expenses$312,782
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Scholarship Dinner$605,259$605,259$63,042$542,217
Total Events$605,259$605,259$312,782$292,477
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances From Affiliates$471,823
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Michael lizarraga president/ceo is the son of david lizarraga chairman and priscilla lizarraga director.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is presented to the chief financial officer who forwards a copy of the return to each board member for comments prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Review the policy on an annual basis with the board of directors to make sure that everyone is in compliance. Additional meetings will occur if necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The compensation policy is determined based upon occasional compensation studies performed by an independent consultant.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The compensation policy is determined based upon occasional compensation studies performed by an independent consultant.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The form 990 and all related financial and policy information are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Telacu Education Foundation
EIN
95-4384333
Phone
3237211655
Address
5400 E OLYMPIC BLVD, LOS ANGELES, CA 90022

Signing Officer

Name
Paul Samuel
Title
CFO
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Lizarraga
Formed
1992
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
1
Employees
52

Preparer

Firm
Barry Schwartz CPA
Address
30081 AVENIDA ELEGANTE, RANCHO PALOS VERDES, CA 90275-4510
Preparer
Barry Schwartz CPA
Phone
3109017151
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: the purpose of the college retention program is to ensure 100% retention of our college students at the various college levels and ensure their graduation. 100% of scholarship program seniors graduate from college.

Financial Statement Notes

Part X : FIN48 Footnote

The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and state income tax, and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the Federal and State tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.The tax years ended December 31, 2012 through 2015 remain open for examination by federal tax authorities. Tax years ended December 31, 2011 through 2015 remain open for examination by state tax authorities

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IRS990/OccupancyGrp/TotalAmt016571
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03184
IRS990/OfficeExpensesGrp/ProgramServicesAmt074695
IRS990/OfficeExpensesGrp/TotalAmt077879
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt039100
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04654
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0157470
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0162124
IRS990/OtherExpensesGrp/Desc0FACILITY & MEALS
IRS990/OtherExpensesGrp/Desc1GENERAL & ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2STUDENT MATERIALS
IRS990/OtherExpensesGrp/Desc3STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt083969
IRS990/OtherExpensesGrp/ProgramServicesAmt0202539
IRS990/OtherExpensesGrp/ProgramServicesAmt197846
IRS990/OtherExpensesGrp/ProgramServicesAmt2156701
IRS990/OtherExpensesGrp/ProgramServicesAmt391060
IRS990/OtherExpensesGrp/TotalAmt0202539
IRS990/OtherExpensesGrp/TotalAmt1181815
IRS990/OtherExpensesGrp/TotalAmt2156701
IRS990/OtherExpensesGrp/TotalAmt391060
IRS990/OtherLiabilitiesGrp/BOYAmt0441372
IRS990/OtherLiabilitiesGrp/EOYAmt0471823
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026168
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026168
IRS990/OtherRevenueTotalAmt026168
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0116881
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0783560
IRS990/OtherSalariesAndWagesGrp/TotalAmt0900441
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02331
IRS990/PayrollTaxesGrp/ProgramServicesAmt089866
IRS990/PayrollTaxesGrp/TotalAmt092197
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05420
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03151
IRS990/PensionPlanContributionsGrp/TotalAmt08571
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt046388
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt058929
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015702
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047579
IRS990/PrincipalOfficerNm0MICHAEL LIZARRAGA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAM DESIGNED TO ENCOURAGE GRAMMAR AND MIDDLE SCHOOL STUDENTS TO COMPLETE SECONDARY AND POST SECONDARY EDUCATION AND ENTER POST SECONDARY EDUCATIONAL INSTITUTIONS. THE PROGRAM IS FUNDED THROUGH A FEDERAL GRANT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0438038
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0438038
IRS990/ProgSrvcAccomActy3Grp/Desc0PROGRAM DESIGNED TO ENCOURAGE SECONDARY SCHOOL STUDENTS TO ACQUIRE A POST SECONDARY EDUCATION IN THE FIELD OF NURSING. THE PROGRAM IS FUNDED THROUGH CONTRIBUTIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0262593
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0250000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0615393
IRS990/PYContributionsGrantsAmt01873916
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0339
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0767706
IRS990/PYOtherRevenueAmt01004012
IRS990/PYRevenuesLessExpensesAmt0158174
IRS990/PYSalariesCompEmpBnftPaidAmt01336994
IRS990/PYTotalExpensesAmt02720093
IRS990/PYTotalRevenueAmt02878267
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0243864
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0952554256
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0561079
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0EAST LOS ANGELES COMMUNITY UNION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0561079
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt02883492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt087100
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0270395
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0357495
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0471823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES FROM AFFILIATES
IRS990ScheduleD/RevenueSubtotalAmt03127356
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and state income tax, and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the Federal and State tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.The tax years ended December 31, 2012 through 2015 remain open for examination by federal tax authorities. Tax years ended December 31, 2011 through 2015 remain open for examination by state tax authorities
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt087100
IRS990ScheduleD/TotalExpensesPerForm990Amt02883492
IRS990ScheduleD/TotalLiabilityAmt0471823
IRS990ScheduleD/TotalRevenuePerForm990Amt03127356
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03127356
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02883492
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0312782
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02570
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02570
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL SCHOLARSHIP DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0140516
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0140516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0605259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0605259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0605259
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0605259
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0292477
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt063042
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt063042
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0106654
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0106654
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0146557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount031500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt11100000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt360000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0371493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1281696
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2232555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3123713

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.77$2.75$3.85$4.34$0.49
2023Detailed filing. Detailed filing data is available for this year.$3.81$0.57$3.24$4.09$4.18$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.93$0.60$3.33$4.22$4.14$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.97$0.73$3.24$3.92$3.63$0.29
2020Detailed filing. Detailed filing data is available for this year.$3.54$0.59$2.95$3.31$3.26$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.47$0.57$2.90$3.70$3.51$0.19
2018Detailed filing. Detailed filing data is available for this year.$3.17$0.47$2.71$4.27$3.49$0.78
2017Detailed filing. Detailed filing data is available for this year.$2.84$0.91$1.93$3.35$3.43$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.94$2.00$3.33$3.42$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.99$0.90$2.09$3.13$2.88$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.65$0.81$1.84$2.88$2.72$0.16
2013Summary only. Only limited summary data is available for this year.$2.45$0.77$1.68$2.94$2.78$0.16
2012Summary only. Only limited summary data is available for this year.$2.37$0.85$1.53$3.08$2.77$0.31
2011Summary only. Only limited summary data is available for this year.$2.05$0.83$1.22$3.05$2.73$0.33
2010Summary only. Only limited summary data is available for this year.$1.89$1.00$0.89$2.63$3.07$0.44