LEADING YOUTH THROUGH EMPOWERMENT INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
LEADING YOUTH THROUGH EMPOWERMENT INC (EIN 47-1867733)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-24
IRS object ID
202002999349300000
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-10-24T21:55:40-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN510229493PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARBACANE THORNTON & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13411 SILVERSIDE ROAD 200 SPRINGERAddressLine1Txt
Address Line2BLDGAddressLine2Txt
CityWILMINGTONCityNm
State AbbreviationDEStateAbbreviationCd
ZIP19810ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471867733EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEADING YOUTH THROUGH EMPOWERMENTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEADBusinessNameControlTxt
Phone3027865983PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11313 MARKET STREET NO 110AAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198016101ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANKUR ARYAPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3027865983PhoneNum
Signature2020-10-24SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJEFFREY A KOWALCZYK CPAPreparerPersonNm
PTINP01563311PTIN
Phone3024788940PhoneNum
Preparation2020-10-14PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.2.74.115IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-10-24IPDt
IP Tm21:55:36IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id9D411B179B9C2654450FD86A6ABC06CBF9444243AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANKUR ARYAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11313 MARKET STREET NO 110AAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198016101ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$173,006GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LYTESCHOLARS.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE MISSION OF LEADING YOUTH THROUGH EMPOWERMENT IS TO INCREASE ACCESS TO TOP PERFORMING HIGH SCHOOLS FOR STUDENTS FROM LOW-INCOME BACKGROUNDS IN DELAWARE THROUGH KNOWLEDGE AND LEADERSHIP.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee3TotalEmployeeCnt
Total Volunteers9TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$403,610PYContributionsGrantsAmt
CY Contributions Grants$173,006CYContributionsGrantsAmt
PY Program Service Revenue$24,300PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$427,910PYTotalRevenueAmt
CY Total Revenue$173,006CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$32,295PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$171,433CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$70,744PYOtherExpensesAmt
CY Other Expenses$105,999CYOtherExpensesAmt
PY Total Expenses$103,039PYTotalExpensesAmt
CY Total Expenses$277,432CYTotalExpensesAmt
PY Revenues Less Expenses$324,871PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$104,426CYRevenuesLessExpensesAmt
Total Assets BOY$411,799TotalAssetsBOYAmt
Total Assets EOY$331,871TotalAssetsEOYAmt
Total Liabilities BOY$2,147TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,095TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$409,652NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$326,776NetAssetsOrFundBalancesEOYAmt
MissionTHE MISSION OF LEADING YOUTH THROUGH EMPOWERMENT IS TO INCREASE ACCESS TO TOP PERFORMING HIGH SCHOOLS FOR STUDENTS FROM LOW-INCOME BACKGROUNDS IN DELAWARE THROUGH KNOWLEDGE AND LEADERSHIP.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$179,483ExpenseAmt
Revenue$46,300RevenueAmt
DescDURING 2019, THE ORGANIZATION WORKED TO IDENTIFY MOTIVATED MIDDLE SCHOOL STUDENTS FROM OUR LOWEST INCOME SCHOOLS AND PROVIDE ENHANCED ACADEMIC PROGRAMMING THAT WILL ENABLE THEM TO SUCCEED IN DELAWARE'S TOP PERFORMING HIGH SCHOOLS AND BEYOND THROUGH COLLEGE,ASSIST STUDENTS AND THEIR FAMILIES IN UNDERSTANDING PUBLIC AND PRIVATE HIGH SCHOOL OPTIONS AND HELPING THEM NAVIGATE THE APPLICATION AND FINANCIAL AID PROCESS (AS APPROPRIATE), CREATE A SUSTAINABLE PROGRAM THAT SUPPORTS AND FOLLOWS PARTICIPANTS THROUGH THEIR HIGH SCHOOL YEARS, AND PROVIDE FINANCIAL ASSISTANCE TO STUDENTS WHOSE FAMILIES CANNOT AFFORD THE COST OF TUITION OR OTHER SCHOOL-RELATED COSTS EVEN AFTER FINANCIAL AID OR TUITION REDUCTION IS FACTORED IN.Desc
Total Program Service Expenses$179,483TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee3EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3027865983PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11313 MARKET STREET NO 110AAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198016101ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LISA LESSNER
PRESIDENT3.00Yes (X)Yes (X)$0$0$0
ZACH BEATTIE
VICE PRESIDENT3.00Yes (X)Yes (X)$0$0$0
ARATI KOHLI
SECRETARY3.00Yes (X)Yes (X)$0$0$0
TAMARA DEFER
BOARD MEMBER1.00Yes (X)$0$0$0
PILAR KRAMAN
BOARD MEMBER1.00Yes (X)$0$0$0
RACHEL HARAD
BOARD MEMBER1.00Yes (X)$0$0$0
CLINT WALKER
BOARD MEMBER1.00Yes (X)$0$0$0
BENESSA REID
BOARD MEMBER1.00Yes (X)$0$0$0
JEANANNA LLOYD
BOARD MEMBER1.00Yes (X)$0$0$0
MOLLY MCPHEERSON
BOARD MEMBER1.00Yes (X)$0$0$0
ANKUR ARYA
EXECUTIVE DIRECTOR40.00Yes (X)$72,000$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$72,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$51,200GovernmentGrantsAmt
All Other Contributions$121,806AllOtherContributionsAmt
Total Contributions$173,006TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$173,006TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$72,000TotalAmt
Program Services$54,000ProgramServicesAmt
Management And General$18,000ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$85,521TotalAmt
Program Services$13,521ProgramServicesAmt
Management And General$72,000ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$13,912TotalAmt
Program Services$5,963ProgramServicesAmt
Management And General$7,949ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,200TotalAmt
Program Services$6,200ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$61,878TotalAmt
Program Services$61,878ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$110TotalAmt
Program Services$110ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$4,310TotalAmt
Program Services$4,310ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,872TotalAmt
Program Services$1,872ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,154TotalAmt
Program Services$2,154ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROGRAM SUPPLIES$19,125$19,125
TUITION$10,350$10,350

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$277,432TotalAmt
Program Services$179,483ProgramServicesAmt
Management And General$97,949ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$292,477BOYAmt
EOY$189,340EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$119,322BOYAmt
EOY$142,531EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$411,799BOYAmt
EOY$331,871EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,147BOYAmt
EOY$5,095EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,147BOYAmt
EOY$5,095EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$409,652BOYAmt
EOY$326,776EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$409,652BOYAmt
EOY$326,776EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$411,799BOYAmt
EOY$331,871EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$104,426ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$21,550NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$49,576CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,794CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$107,313CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$427,910CurrentTaxYearMinus1YearAmt
Current Tax Year$173,006CurrentTaxYearAmt
Total$800,599TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$49,576CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$42,794CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$107,313CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$427,910CurrentTaxYearMinus1YearAmt
Current Tax Year$173,006CurrentTaxYearAmt
Total$800,599TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$359,940SubstantialContributorsTotAmt
Public Support Total170$440,659PublicSupportTotal170Amt
Total Support$800,599TotalSupportAmt
Public Support CY1700.55040PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescDELAWARE COMMUNITY FOUNDATIONDesc
Book Value$142,531BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$142,531TotalBookValueSecuritiesAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$194,556TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$21,550NetUnrealizedGainsInvstAmt
Revenue Not Reported$21,550RevenueNotReportedAmt
Revenue Subtotal$173,006RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$173,006TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$277,432TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$277,432ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$277,432TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE ORGANIZATION HAS QUALIFIED AS A TAX-EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3), AND ITS ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. THE ORGANIZATION RECOGNIZES THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION IF IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION IN THE FINANCIAL STATEMENTS. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE ORGANIZATION'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE ORGANIZATION WILL NOT BE SUBJECT TO ADDITIONAL TAX PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE.
PART XII, LINE 2D - OTHER ADJUSTMENTS:UNREALIZED LOSS ON INVESTMENTS

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BNO COMMITTEES ARE CURRENTLY AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT BEFORE SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 15CONSIDERATION OF COMPENSATION FOR THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION FOR POSITIONS.
FORM 990, PART VI, SECTION C, LINE 18THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11GTEACHERS: PROGRAM SERVICE EXPENSES 61878. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61878.

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