Civic Intelligence

Errict Rhett Foundation Inc.

990EZ • Fiscal year 2014 • EIN 02-0596251

Jan 01, 2014 to Dec 31, 2014 • Filed on May 15, 2014

Organization Profile
6 NW 108 TerraceFort Lauderdale, FL 33324

(954) 696-0002

Siviq Scores

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

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

5.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

47th percentile

0.6%

Faster asset growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$365,551

Up $2,245 (+0.6%) from 2013

Net Assets

Up

$15,551

Up $2,245 (+17%) from 2013

Liabilities

Flat

$350,000

Flat from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin50th percentile

Revenue

Up

$68,309

Up $8,733 (+15%) from 2013

Expenses

Up

$66,064

Up $8,418 (+15%) from 2013

Net Income

Up

$2,245

Up $315 (+16%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$400K$300K$200K$100K$0Assets 2011: $366,134Liabilities 2011: $350,0002011Assets 2012: $361,376Liabilities 2012: $350,000Net Assets 2012: $11,3762012Assets 2013: $363,306Liabilities 2013: $350,000Net Assets 2013: $13,3062013Assets 2014: $365,551Liabilities 2014: $350,000Net Assets 2014: $15,5512014

Highlighted filing

2014

Assets$365,551
Liabilities$350,000
Net Assets$15,551
Open 2014 Filing

Operations Trend

Revenue Growth67th percentile

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

$150K$100K$50K$0-$50KRevenue 2011: $116,993Expenses 2011: $87,188Net Income 2011: $29,8052011Revenue 2012: $118,617Expenses 2012: $123,375Net Income 2012: -$4,7582012Revenue 2013: $59,576Expenses 2013: $57,646Net Income 2013: $1,9302013Revenue 2014: $68,309Expenses 2014: $66,064Net Income 2014: $2,2452014

Highlighted filing

2014

Revenue$68,309
Expenses$66,064
Net Income$2,245
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 15, 2014
Return Version
2014v5.0
Gross Receipts
$68,309
Mission and Program Overview

Mission

To rent homes to under privilaged Famili

Program Services

DescriptionGrantsExpenses
Rental to underprivilaged people--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Errict RhetteDirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Errict Rhett Foundation
EIN
02-0596251
Address
6 NW 108 Terrace, Fort Lauderdale, FL 33324

Signing Officer

Name
Errict Rhette
Title
Director
Signed
2014-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Richardson Consultants Inc
Address
22750 Hawthorne Blvd Suite 219, Torrance, CA 90505
Preparer
Brady L Richardson
Phone
3103789606
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountProperty Taxes 13,974Insurance 4,963Mortgage Payments 28,973Renovation/repairs 5,744Supplies 6,933HOA 5,477”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearNote Payable Errict Rhett 350,000 350,000”

Raw XML Appendix139 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Errict Rhett
IRS990EZ/BooksInCareOfDetail/PhoneNum09546960002
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt06 NW 108 Terrace
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Fort Lauderdale
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033324
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013306
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015551
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt02245
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0363306
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0365551
IRS990EZ/GrossReceiptsAmt068309
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt0350000
IRS990EZ/LandAndBuildingsGrp/EOYAmt0350000
IRS990EZ/LoansToFromOfficersAmt0350000
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013306
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015551
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013306
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt015551
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Errict Rhette
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt066064
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To rent homes to under privilaged Famili
IRS990EZ/ProgramServiceRevenueAmt058309
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Rental to underprivilaged people
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0350000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0350000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt066064
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt068309
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0There were properties that were utilized to rent to underprivilaged individuals. Theses rentals were for less than FMV and assisted in allowing families to be productive in society
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Qualifies for Public Charity Status Multiple Reasons
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt032126
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt072126
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt041190
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt041230
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt082420
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0154546
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt061190
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt073356
IRS990ScheduleA/Total509Grp/TotalAmt0154546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt061190
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt073356
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0154546
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
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Real Estate
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Errict Rhett
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0350000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountProperty Taxes 13,974Insurance 4,963Mortgage Payments 28,973Renovation/repairs 5,744Supplies 6,933HOA 5,477
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearNote Payable Errict Rhett 350,000 350,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Errict Rhette
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Errict Rhett Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ERRI
ReturnHeader/Filer/EIN0020596251
ReturnHeader/Filer/USAddress/AddressLine1Txt06 NW 108 Terrace
ReturnHeader/Filer/USAddress/CityNm0Fort Lauderdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033324
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954729132
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richardson Consultants Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt022750 Hawthorne Blvd Suite 219
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Torrance
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090505
ReturnHeader/PreparerPersonGrp/PhoneNum03103789606
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brady L Richardson
ReturnHeader/ReturnTs02015-05-15T20:09:41-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$365,551
Liabilities
$350,000
Net assets
$15,551
Revenue
$68,309
Expenses
$66,064
Net income
$2,245
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$3.66$3.50$0.16$0.68$0.66$0.02
2013Detailed filing. Detailed filing data is available for this year.$3.63$3.50$0.13$0.60$0.58$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$3.50$0.11$1.19$1.23$0.05
2011Summary only. Only limited summary data is available for this year.$3.66$3.50$1.17$0.87$0.30