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George J Record School Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$125k (2023)

Expenses
$149k (2023)

Total Assets
$2.48M (2023)

Total Liabilities
$12.2k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$125,416
Expenses
$148,807
Net Income
-$23,391
Net Assets
$2,464,024
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $197
0.2%
Dividends $116,136
92.6%
Sales of Assets $9,083
7.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $117,591
79.0%
Compensation of Officers* $36,720
24.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,476,249
Total Liabilities $12,225
Net Assets $2,464,024
Compensation
Key Employees and Officers Compensation Other
Charles N Lafferty (Exec Dir/Pres/Trustee) $18,780 $0
Kerry W Gerdes (Sec/Treas/Trustee) $7,440 $0
P Thomas Picard (Vp/Trustee) $3,900 $0
William N Runyan (Trustee) $3,300 $0
James C Kennedy (Trustee) $3,300 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$118,238
Expenses
$128,609
Net Income
-$10,371
Net Assets
$2,404,238
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $50
0.0%
Dividends $117,084
99.0%
Sales of Assets $1,104
0.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,828
76.8%
Compensation of Officers* $34,710
27.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,415,636
Total Liabilities $11,398
Net Assets $2,404,238
Compensation
Key Employees and Officers Compensation Other
Charles N Lafferty (Exec Dir/Pres/Trustee) $18,420 $0
Kerry W Gerdes (Sec/Treas/Trustee) $7,440 $0
P Thomas Picard (Vp/Trustee) $3,900 $0
William N Runyan (Trustee) $3,300 $0
James C Kennedy (Trustee) $1,650 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$175,221
Expenses
$137,438
Net Income
$37,783
Net Assets
$2,729,304
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $88
0.1%
Dividends $145,884
83.3%
Sales of Assets $29,249
16.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $109,016
79.3%
Compensation of Officers* $33,060
24.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,740,556
Total Liabilities $11,252
Net Assets $2,729,304
Compensation
Key Employees and Officers Compensation Other
Charles N Lafferty (Exec Dir/Pres/Trustee) $18,420 $0
Kerry W Gerdes (Sec/Treas/Trustee) $7,440 $0
P Thomas Picard (Vp/Trustee) $3,900 $0
William N Runyan (Trustee) $3,300 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$115,779
Expenses
$148,455
Net Income
-$32,676
Net Assets
$2,482,248
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $8,801
7.6%
Interest Revenue $2,185
1.9%
Dividends $107,379
92.7%
Sales of Assets $0
Other Income $32
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,946
80.8%
Compensation of Officers* $30,300
20.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,493,474
Total Liabilities $11,226
Net Assets $2,482,248
Compensation
Key Employees and Officers Compensation Other
Charles N Lafferty (Exec Dir/Pres/Trustee) $18,420 $0
Kerry W Gerdes (Sec/Treas/Trustee) $4,680 $0
P Thomas Picard (Vp/Trustee) $3,900 $0
William N Runyan (Trustee) $3,300 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$144,371
Expenses
$164,538
Net Income
-$20,167
Net Assets
$2,570,761
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4,260
3.0%
Dividends $123,236
85.4%
Sales of Assets $16,875
11.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,354
83.5%
Compensation of Officers* $34,920
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,577,055
Total Liabilities $6,294
Net Assets $2,570,761

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$112,472
Expenses
$127,640
Net Income
-$15,168
Net Assets
$2,414,326
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $105
0.1%
Dividends $119,453
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $99,601
78.0%
Compensation of Officers* $32,869
25.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,422,889
Total Liabilities $8,563
Net Assets $2,414,326

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$158,254
Expenses
$112,534
Net Income
$45,720
Net Assets
$2,643,491
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $161
0.1%
Dividends $120,854
76.4%
Sales of Assets $37,239
23.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,947
76.4%
Compensation of Officers* $33,240
29.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,655,950
Total Liabilities $12,459
Net Assets $2,643,491

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$108,351
Expenses
$115,290
Net Income
-$6,939
Net Assets
$2,655,275
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $160
0.1%
Dividends $102,017
94.2%
Sales of Assets $6,107
5.6%
Other Income $67
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $85,776
74.4%
Compensation of Officers* $33,240
28.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,669,002
Total Liabilities $13,727
Net Assets $2,655,275

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$88,445
Expenses
$124,939
Net Income
-$36,494
Net Assets
$2,433,239
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $194
0.2%
Dividends $102,624
> 100%
Sales of Assets $0
Other Income $195
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $96,966
77.6%
Compensation of Officers* $33,240
26.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,441,948
Total Liabilities $8,709
Net Assets $2,433,239

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$138,569
Expenses
$138,808
Net Income
-$239
Net Assets
$2,250,620
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $303
0.2%
Dividends $103,148
74.4%
Sales of Assets $35,084
25.3%
Other Income $34
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $110,042
79.3%
Compensation of Officers* $33,240
23.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,260,784
Total Liabilities $10,164
Net Assets $2,250,620

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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