Civic Intelligence

College Options Foundation Inc.

990 • Fiscal year 2013 • EIN 03-0566869

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 29, 2014

Organization Profilewww.collegeoptionsfoundation.net
3651 NE Ralph Powell RoadSuitePeachtree Cty, GA 64064

(888) 576-8287

Siviq Scores

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

Liabilities / Assets

94th percentile

1.18x

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

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

85th percentile

0.62x

Higher debt load relative to revenue than 85% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

8th percentile

-38%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

92nd percentile

$115,533

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

4th percentile

-39%

Faster asset growth than 4% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$421,894

Down $274,835 (-39%) from 2012

Net Assets

Down

-$75,598

Down $308,295 (-132%) from 2012

Liabilities

Up

$497,492

Up $33,460 (+7.2%) from 2012

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin8th percentile

Revenue

$808,413

No earlier filing loaded for comparison.

Expenses

Up

$1,116,708

Up $207,460 (+23%) from 2012

Net Income

-$308,295

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2010: $295,811Liabilities 2010: $202,341Net Assets 2010: $93,4702010Assets 2011: $247,949Liabilities 2011: $325,536Net Assets 2011: -$77,5872011Assets 2012: $696,729Liabilities 2012: $464,032Net Assets 2012: $232,6972012Assets 2013: $421,894Liabilities 2013: $497,492Net Assets 2013: -$75,5982013Assets 2014: $455,113Liabilities 2014: $718,865Net Assets 2014: -$263,7522014Assets 2015: $329,188Liabilities 2015: $823,723Net Assets 2015: -$494,5352015Assets 2018: $80,766Liabilities 2018: $805,029Net Assets 2018: -$724,2632018Assets 2019: $60,704Liabilities 2019: $40,471Net Assets 2019: $20,2332019Assets 2020: $211,770Liabilities 2020: $278,216Net Assets 2020: -$66,4462020Assets 2021: $237,202Liabilities 2021: $131,587Net Assets 2021: $105,6152021Assets 2022: $283,708Liabilities 2022: $303,186Net Assets 2022: -$19,4782022Assets 2023: $307,613Liabilities 2023: $152,239Net Assets 2023: $155,3742023Assets 2024: $324,774Liabilities 2024: $70,851Net Assets 2024: $253,9232024

Highlighted filing

2013

Assets$421,894
Liabilities$497,492
Net Assets-$75,598
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $857,0902010Expenses 2011: $867,8252011Expenses 2012: $909,2482012Revenue 2013: $808,413Expenses 2013: $1,116,708Net Income 2013: -$308,2952013Revenue 2014: $209,412Expenses 2014: $397,566Net Income 2014: -$188,1542014Revenue 2015: $892,259Expenses 2015: $1,123,042Net Income 2015: -$230,7832015Revenue 2018: $496,281Expenses 2018: $423,743Net Income 2018: $72,5382018Revenue 2019: $1,204,384Expenses 2019: $459,888Net Income 2019: $744,4962019Revenue 2020: $445,105Expenses 2020: $531,784Net Income 2020: -$86,6792020Revenue 2021: $942,123Expenses 2021: $770,061Net Income 2021: $172,0622021Revenue 2022: $695,179Expenses 2022: $821,693Net Income 2022: -$126,5142022Revenue 2023: $763,000Expenses 2023: $588,148Net Income 2023: $174,8522023Revenue 2024: $648,915Expenses 2024: $550,366Net Income 2024: $98,5492024

Highlighted filing

2013

Revenue$808,413
Expenses$1,116,708
Net Income-$308,295
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 29, 2014
Return Version
2013v3.1
Gross Receipts
$808,413
Mission and Program Overview

Mission

To enrich the academic development of high school students and assist them in their preparation for higher education. Our emphasis lies with serving all families, including military families and students who participate in jrotc. To accomplish our mission we provide resources for college admissions and funding, utilize student planning guides, college exam study guides, admissions tutorials and personalized counseling, and conduct spirited academic competitions for students nationwide.

To establish, organize, promote, aid and engage in activities exclusively to educate, mentor, and assist par- ents and pre-college students in preparing them for post HS education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$166,298$135,000▼ $31,298
Accounts Receivable$19,922$52,722▲ $32,800
Prepaid Expenses and Deferred Charges$61,407$35,029▼ $26,378
Cash and Non-Interest-Bearing Accounts$3,434$3,960▲ $526
Land, Buildings, and Equipment, Net$940$174▼ $766
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$696,729$421,894▼ $274,835
Other Assets Total$444,728$195,009▼ $249,719
Liabilities
Other Liabilities$314,076$472,536▲ $158,460
Deferred Revenue$123,628$0▼ $123,628
Accounts Payable and Accrued Expenses$26,328$24,956▼ $1,372
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$464,032$497,492▲ $33,460
Net Assets / Fund Balance
Temporarily Rstr Net Assets$456,679$253,386▼ $203,293
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-223,982$-328,984▼ $105,002
Total Net Assets Fund Balance$232,697$-75,598▼ $308,295
Total Liabilities and Net Assets / Fund Balance$696,729$421,894▼ $274,835

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$174$2,219$2,393
Other Assets Org$153,800--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleBaseOtherTotal
Major General Wallace C ArnoldDirector$104,151$11,382$115,533
Dr Arlene CashDirector$12,036-$12,036

Board Members and Trustees

NameTitle
Terry WilfongPresident
Greg GossellVice President
Mack PalmourDirector
Wendy DarlingSecretary
Stephany CohenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,133
Program Service Revenue
$733,249
Investment Income
$31
Other Revenue
$0
All Other Contributions
$50,700
Change in Net Assets
$-308,295

Audited Revenue Reconciliation

Revenue per Audited Statements
$808,413
Total Revenue per Audited Statements
$808,413
Total Revenue per Form 990
$808,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$629,769
Salaries, Compensation, and Employee Benefits$481,063
Total Fundraising Expense$142,135
Professional Fundraising Fees$4,176
Grants and Similar Amounts Paid$1,700

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$153,400$39,397$88,088$280,885
Current Officers, Directors, Trustees, and Key Employees$80,161$21,562$22,535$124,258
Payroll Taxes$30,578$9,380$14,458$54,416
Fees for Services Other$14,343$32,491$4,855$51,689
Other Employee Benefits$15,528$271$2,033$17,832
Travel$9,395$5,373$1,351$16,119
Office Expenses$3,931$10,269$1,285$15,485
Occupancy$2,560$4,924$2,560$10,044
Fees for Services Accounting-$8,744-$8,744
All Other Expenses-$6,937-$6,937
Fees for Services Professional Fundraising--$4,176$4,176
Information Technology$978$2,824$326$4,128
Pension Plan Contributions$3,672--$3,672
Conferences and Meetings-$2,289-$2,289
Fees for Services Legal-$1,816-$1,816
Grants to Domestic Individuals$1,700--$1,700
Insurance-$1,190-$1,190
Depreciation Depletion-$766-$766
Advertising$80$80$320$480
Other Expenses$18,893-$148$148
Total Functional Expenses$826,260$148,313$142,135$1,116,708

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,116,708
Total Expenses per Audited Statements$1,116,708
Total Expenses per Form 990$1,116,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$4,176
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Scholarship and Financial Aid ServSee belowSee below--
Wendy Darling Terry WilfongSee belowSee below--

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Due to Nrccua$472,536
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Section C, Line 19

“The Organization's governing documents, conflict of interest policy, and financial statements are available for the public's inspection upon request.”

Part VI, Section A, Line 2

“Director and President, Terry Wilfong, is married to Corporate Secretary, Wendy Darling.”

Part VI, Section A, Line 3

“The National Research Center for College and University Admissions, Inc. ("NRCCUA"), provides personnel, accounting and bookkeeping, information technology, and other services to the Foundation. In 2013, the scope of services provided by NRCCUA was significantly less. As compensation for these management services provided by NRCCUA, the Foundation agrees to reimburse the NRCCUA the direct costs incurred in providing these services. The agreement renews annually on January 1st, unless modified or terminated by either party to the agreement. The Foundation's expense under this agreement was $29,500 for the year.”

Part VI, Section B, Line 12C

“At the annual board meeting, each director completes a questionnaire regarding his or her compliance with the provisions of the policy.”

Filing and Contact Details

Filer

EIN
03-0566869
In Care Of
% STEPHANY COHEN
Phone
8885768287

Signing Officer

Name
Stephany Cohen
Title
Treasurer
Phone
8885768287
Signed
2014-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Wilfong
Formed
2005
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
3
Employees
15
Volunteers
26

Preparer

Preparer
Jason F Anderson
Phone
9134385077
Supplemental Narrative

Additional Explanations

Process used by organization to review this Form 990

“The return was reviewed by a representative of the Foundation's management company and a conference call was held with the third party tax return preparer to discuss and resolve the tax return preparer's and the management company representative's issues and questions. Once the management company representative completed his review, a pdf copy of the final 990 (including required schedules) as ultimately filed with the IRS was attached to an email sent to each voting member of the board for his or her review prior to filing with the IRS.”

Financial Statement Notes

Form 990, Schedule D, Part X, line 2

“The Foundation accounts for uncertain tax positions in accordance with the provisions of Financial Accounting Standards Board ("FASB") Codification Topic Income Taxes. Income Taxes clarifies the accounting for uncertainty in income taxes and requires the Foundation to recognize in their financial statements the impact of a tax position taken or expected to be taken in a tax return, if that position is more likely than not to be sustained under audit, based on the technical merits of the position. Management has assessed the tax positions of the Foundation and determined that no positions exist that require adjustment or disclosure in the financial statements.”

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IRS990/OccupancyGrp/TotalAmt010044
IRS990/OfficeExpensesGrp/FundraisingAmt01285
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010269
IRS990/OfficeExpensesGrp/ProgramServicesAmt03931
IRS990/OfficeExpensesGrp/TotalAmt015485
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0444728
IRS990/OtherAssetsTotalGrp/EOYAmt0195009
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02033
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0271
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015528
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017832
IRS990/OtherExpensesGrp/Desc0EVENT COSTS
IRS990/OtherExpensesGrp/Desc1PRODUCT COSTS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3CONTRIBUTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0148
IRS990/OtherExpensesGrp/ProgramServicesAmt0456615
IRS990/OtherExpensesGrp/ProgramServicesAmt134426
IRS990/OtherExpensesGrp/ProgramServicesAmt218893
IRS990/OtherExpensesGrp/TotalAmt0456615
IRS990/OtherExpensesGrp/TotalAmt134426
IRS990/OtherExpensesGrp/TotalAmt218893
IRS990/OtherExpensesGrp/TotalAmt3148
IRS990/OtherLiabilitiesGrp/BOYAmt0314076
IRS990/OtherLiabilitiesGrp/EOYAmt0472536
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt088088
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039397
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0153400
IRS990/OtherSalariesAndWagesGrp/TotalAmt0280885
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0166298
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0135000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt014458
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09380
IRS990/PayrollTaxesGrp/ProgramServicesAmt030578
IRS990/PayrollTaxesGrp/TotalAmt054416
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03672
IRS990/PensionPlanContributionsGrp/TotalAmt03672
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt061407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035029
IRS990/PrincipalOfficerNm0Terry Wilfong
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0COMPETITIVE ACADEMIC EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL CONTENT
IRS990/ProgramServiceRevenueGrp/Desc2ORGANIZATION SERVICES PROVIDED TO HIGH
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOLS FOR FUNDRAISING ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0577436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1123969
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231844
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0577436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1123969
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231844
IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation owns the rights to certain educational content, notably the college success program The Complete Guide to College Financing and Admissions and the standardized test preparation game Zero Hour Threat. These programs are made available on compact disc, digital video disc, and on the Internet.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt039652
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0120376
IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation attempts to fulfill its purpose of assisting students in preparing for further education by providing ways for academic organizations within high schools to raise funds for their academic activities. The Foundation has packaged its educational content as described above in a way that high school chapters of academic organizations can sell the content as a fund-raiser. By organizing this and similar fund-raising activities for chapters of JROTC and other academic organizations in high schools, it is the Foundations intent to promote academic excellence. It is intended that a portion of the funds raised by the high school chapters will be paid as revenue to the Foundation in return for its organizing services.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0165028
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt031844
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0507030
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02050
IRS990/PYInvestmentIncomeAmt091
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0889267
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0712411
IRS990/PYRevenuesLessExpensesAmt0310284
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0909248
IRS990/PYTotalProfFndrsngExpnsAmt017931
IRS990/PYTotalRevenueAmt01219532
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-308295
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0577436
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075133
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0507030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0455250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01039913
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt091
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0122
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03629466
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03593
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03593
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53317
IRS990ScheduleA/PublicSupportPY170Pct00.50085
IRS990ScheduleA/PublicSupportTotal170Amt0556436
IRS990ScheduleA/SubstantialContributorsTotAmt0483477
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0507030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0455250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01039913
IRS990ScheduleA/TotalSupportAmt01043628
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/EquipmentGrp/BookValueAmt0174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02393
IRS990ScheduleD/ExpensesSubtotalAmt01116708
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt041209
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1153800
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ACCRUED REVENUE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1GRANTS RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0472536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NRCCUA
IRS990ScheduleD/RevenueSubtotalAmt0808413
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation accounts for uncertain tax positions in accordance with the provisions of Financial Accounting Standards Board ("FASB") Codification Topic Income Taxes. Income Taxes clarifies the accounting for uncertainty in income taxes and requires the Foundation to recognize in their financial statements the impact of a tax position taken or expected to be taken in a tax return, if that position is more likely than not to be sustained under audit, based on the technical merits of the position. Management has assessed the tax positions of the Foundation and determined that no positions exist that require adjustment or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Schedule D, Part X, line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0174
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0195009
IRS990ScheduleD/TotalExpensesPerForm990Amt01116708
IRS990ScheduleD/TotalLiabilityAmt0472536
IRS990ScheduleD/TotalRevenuePerForm990Amt0808413
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0808413
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01116708
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Wendy Darling Terry Wilfong
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Scholarship and Financial Aid Serv
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1See below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0See below
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1See below
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Scholarship and Financial Aid Services LLC ("SAFAS") is 100% owned by the organization's Executive Director. The Foundation's Air Force Academic Bowl activity was funded through a contract between the United States Air Force and SAFAS. SAFAS' only role in this activity is to collect revenue from this contract and remit 100% of it to the Foundation. During 2013,SAFAS collected and remitted $80,425 to the organization. SAFAS receives no tangible benefits from this activity.
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt1Wendy Darling is the Corporate Secretary of the organization and the spouse of the organization's President and Executive Director, Terry Wilfong. They are both employees of the organization and were compensated during 2013 as reflected in Part VII.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part IV
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule L, Part IV
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's governing documents, conflict of interest policy, and financial statements are available for the public's inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The return was reviewed by a representative of the Foundation's management company and a conference call was held with the third party tax return preparer to discuss and resolve the tax return preparer's and the management company representative's issues and questions. Once the management company representative completed his review, a pdf copy of the final 990 (including required schedules) as ultimately filed with the IRS was attached to an email sent to each voting member of the board for his or her review prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Director and President, Terry Wilfong, is married to Corporate Secretary, Wendy Darling.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The National Research Center for College and University Admissions, Inc. ("NRCCUA"), provides personnel, accounting and bookkeeping, information technology, and other services to the Foundation. In 2013, the scope of services provided by NRCCUA was significantly less. As compensation for these management services provided by NRCCUA, the Foundation agrees to reimburse the NRCCUA the direct costs incurred in providing these services. The agreement renews annually on January 1st, unless modified or terminated by either party to the agreement. The Foundation's expense under this agreement was $29,500 for the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4At the annual board meeting, each director completes a questionnaire regarding his or her compliance with the provisions of the policy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Process used by organization to review this Form 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section A, Line 3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$421,894
Liabilities
$497,492
Net assets
-$75,598
Revenue
$808,413
Expenses
$1,116,708
Net income
-$308,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.07$0.25$0.65$0.55$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.15$0.16$0.76$0.59$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.30$0.02$0.70$0.82$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.13$0.11$0.94$0.77$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.28$0.07$0.45$0.53$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.06$0.04$0.02$1.20$0.46$0.74
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.81$0.72$0.50$0.42$0.07
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.33$0.82$0.49$0.89$1.12$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.46$0.72$0.26$0.21$0.40$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.50$0.08$0.81$1.12$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.46$0.23$0.91
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.33$0.08$0.87
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.20$0.09$0.86