William Taylor Foundation FY2023 filing

Tax-deductible

Upland, IN501(c)(3)Colleges & UniversitiesEIN 35-6047122

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Support the educational purposes of Taylor University.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $136K a year · 29% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 27.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.8M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$293K
-65% vs prior year
Spent
$363K
To programs
77%
Net assets
$4.8M
By yearFY2020–FY2025
Revenue
$293K
FY2023▼ -65%
Revenue by fiscal year
FY2020$335K
FY2021$514K
FY2022$827K
FY2023$293K
FY2024$391K
FY2025$434K
Expenses
$363K
FY2023▲ +39%
Expenses by fiscal year
FY2020$283K
FY2021$294K
FY2022$261K
FY2023$363K
FY2024$429K
FY2025$347K
Net assets
$4.8M
FY2023▼ -7%
Net assets by fiscal year
FY2020$3.6M
FY2021$4.9M
FY2022$5.1M
FY2023$4.8M
FY2024$5.5M
FY2025$5.9M

From the FY2023 Form 990 (year ending May 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $280K Management & general 23% · $83K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See William Taylor Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports Taylor University's educational mission through fundraising and resource development.

Provided by the organization

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1 program service account for $280K of program spending, described in the organization's own filed words · FY2022.
01

Taylor University Foundation, Inc. exists to provide support to Taylor University. This support includes management of certain financial instruments, oversight of certain investment-oriented real estate, and special projects.

$280Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $86K · 2022–2023
Taylor UniversityIN · FY2023$70,207
Nearspace Education INCIN · FY2023$10,000
Taylor UniversityIN · FY2022$5,500

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$293K
Ln 12
Investment incomeLn 3$293K
Money outPt IX
$363K
Ln 25
Programscol B$280K
Managementcol C$83K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$830K
Total assetsLn 16$8.6M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$293K
Gains on assetsLn 7$5K
Total revenueLn 12$293K
Assets in detailPt X, end of year
SavingsLn 2$830K
Cash and savings togetherLn 1–2$830K
InvestmentsLn 11–13$7.7M
Land, buildings, equipmentLn 10c$33K
Other assetsLn 15$0
Total assetsLn 16$8.6M
LiabilitiesLn 26$3.8M
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$749K$830K
InvestmentsLn 11–13$9.4M$7.7M
Land, buildings, equipmentLn 10c$33K$33K
Total assetsLn 16$10.2M$8.6M
LiabilitiesLn 26$5.1M$3.8M
Net assetsLn 32$5.1M$4.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$93$0$93$0
Office expensesLn 13$38$38
OccupancyLn 16$106$106
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$333K$269K$64K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$363K$280K$83K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $434K$347K$87K$5.9M 990 PDF
FY2024 $391K$429K−$38K$5.5M 990 PDF
FY2023 Viewing $293K$363K−$69K$4.8M 990 PDF
FY2022 $827K$261K$566K$5.1M 990 PDF
FY2021 $514K$294K$220K$4.9M 990 PDF
FY2020 $335K$283K$52K$3.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $293,271 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $288,679$288,679
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,592$4,592
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $293,271$293,271
Part IX · Statement of functional expenses $362,535 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $10,750$10,750
IX-11b Legal feesManagement $1,207$1,207
IX-11c Accounting feesManagement $15,600$15,600
IX-11g Other fees for servicesPrograms $0 · Management $93 · Fundraising $0$93
IX-13 Office expensesManagement $38$38
IX-16 OccupancyManagement $106$106
IX-23 InsuranceManagement $1,494$1,494
IX-24 Other expenses (24a–d)Programs $269,247 · Management $64,000$333,247
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $279,997 · Management $82,538 · Fundraising $0$362,535
Part X · Balance sheet $8,552,432 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $749,064$829,503
X-10c Land, buildings and equipment, netStart of year $33,326$33,326
X-11 Publicly traded securitiesStart of year $9,401,085$7,689,603
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $10,183,475$8,552,432
X-25 Other liabilitiesStart of year $5,071,176$3,783,653
X-26 Total liabilitiesStart of year $5,071,176$3,783,653
X-27 Net assets without donor restrictionsStart of year $2,390,518$2,081,334
X-28 Net assets with donor restrictionsStart of year $2,721,781$2,687,445
X-32 Total net assets or fund balancesStart of year $5,112,299$4,768,779
X-33 Total liabilities and net assetsStart of year $10,183,475$8,552,432
Part XI · Reconciliation of net assets $4,768,779 net assets at year end
XI-1 Total revenue$293,271
XI-2 Total expenses$362,535
XI-3 Revenue less expenses−$69,264
XI-4 Net assets at start of year$5,112,299
XI-5 Net unrealized gains (losses) on investments−$445,035
XI-9 Other changes in net assets$170,779
XI-10 Net assets at end of year$4,768,779

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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