Civic Intelligence

Abilis Community Foundation Inc.

990 • Fiscal year 2016 • EIN 06-1331293

Jul 01, 2015 to Jun 30, 2016 • Filed on May 01, 2017

50 Glenville StreetGreenwich, CT 06831

(203) 531-1880

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

1.71x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

2nd percentile

-169%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-7.9%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-73%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$3,845,296

Down $329,493 (-7.9%) from 2015

Net Assets

Down

$3,609,634

Down $316,345 (-8.1%) from 2015

Liabilities

Down

$235,662

Down $13,148 (-5.3%) from 2015

Revenue

Down

$137,715

Down $372,858 (-73%) from 2015

Expenses

Up

$370,518

Up $290,254 (+362%) from 2015

Net Income

Down

-$232,803

Down $663,112 (-154%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,063,563Liabilities 2011: $294,425Net Assets 2011: $2,769,1382011Assets 2012: $2,947,311Liabilities 2012: $278,522Net Assets 2012: $2,668,7892012Assets 2013: $3,744,715Liabilities 2013: $264,874Net Assets 2013: $3,479,8412013Assets 2014: $4,288,648Liabilities 2014: $452,184Net Assets 2014: $3,836,4642014Assets 2015: $4,174,789Liabilities 2015: $248,810Net Assets 2015: $3,925,9792015Assets 2016: $3,845,296Liabilities 2016: $235,662Net Assets 2016: $3,609,6342016Assets 2017: $4,869,963Liabilities 2017: $228,503Net Assets 2017: $4,641,4602017Assets 2018: $5,483,875Liabilities 2018: $231,812Net Assets 2018: $5,252,0632018Assets 2019: $5,650,382Liabilities 2019: $207,827Net Assets 2019: $5,442,5552019Assets 2020: $5,524,251Liabilities 2020: $202,201Net Assets 2020: $5,322,0502020Assets 2021: $7,157,370Liabilities 2021: $202,450Net Assets 2021: $6,954,9202021Assets 2022: $6,075,468Liabilities 2022: $194,458Net Assets 2022: $5,881,0102022Assets 2023: $6,511,578Liabilities 2023: $190,319Net Assets 2023: $6,321,2592023Assets 2024: $7,135,977Liabilities 2024: $181,321Net Assets 2024: $6,954,6562024

Highlighted filing

2016

Assets$3,845,296
Liabilities$235,662
Net Assets$3,609,634

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $257,271Expenses 2011: $121,016Net Income 2011: $136,2552011Revenue 2012: $116,973Expenses 2012: $118,945Net Income 2012: -$1,9722012Revenue 2013: $1,015,295Expenses 2013: $408,483Net Income 2013: $606,8122013Revenue 2014: $536,063Expenses 2014: $288,581Net Income 2014: $247,4822014Revenue 2015: $510,573Expenses 2015: $80,264Net Income 2015: $430,3092015Revenue 2016: $137,715Expenses 2016: $370,518Net Income 2016: -$232,8032016Revenue 2017: $953,482Expenses 2017: $266,622Net Income 2017: $686,8602017Revenue 2018: $729,114Expenses 2018: $270,705Net Income 2018: $458,4092018Revenue 2019: $412,008Expenses 2019: $209,699Net Income 2019: $202,3092019Revenue 2020: $263,854Expenses 2020: $344,591Net Income 2020: -$80,7372020Revenue 2021: $510,129Expenses 2021: $255,421Net Income 2021: $254,7082021Revenue 2022: $509,786Expenses 2022: $148,291Net Income 2022: $361,4952022Revenue 2023: $207,142Expenses 2023: $286,848Net Income 2023: -$79,7062023Revenue 2024: $33,488Expenses 2024: $239,057Net Income 2024: -$205,5692024

Highlighted filing

2016

Revenue$137,715
Expenses$370,518
Net Income-$232,803
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 1, 2017
Return Version
2015v3.0
Gross Receipts
$1,099,588
Mission and Program Overview

Mission

To solicit and distribute funds for services to people with disabilities in fairfield county, connecticut by supporting qualified 501(c)(3) organizations in those areas.

To solicit and distribute funds for services to people with disabilities in the areas of greenwich and stamford, ct by supporting qualified 501(c)(3) organizations in those areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,696,782$3,424,612▼ $272,170
Land, Buildings, and Equipment, Net$298,646$285,986▼ $12,660
Savings and Temporary Cash Investments$95,588$103,898▲ $8,310
Pledges and Grants Receivable$82,768$29,851▼ $52,917
Total Assets$4,174,789$3,845,296▼ $329,493
Other Assets Total$1,005$949▼ $56
Liabilities
Mortgage Notes Payable Secured by Investment Property$239,275$231,127▼ $8,148
Accounts Payable and Accrued Expenses$9,535$4,535▼ $5,000
Total Liabilities$248,810$235,662▼ $13,148
Net Assets / Fund Balance
Unrestricted Net Assets$2,188,303$2,092,242▼ $96,061
Permanently Rstr Net Assets$1,332,508$1,332,507▼ $1
Temporarily Rstr Net Assets$405,168$184,885▼ $220,283
Total Net Assets Fund Balance$3,925,979$3,609,634▼ $316,345
Total Liabilities and Net Assets / Fund Balance$4,174,789$3,845,296▼ $329,493

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$110,769$205,715$316,484
Land$175,217-$175,217
Equipment-$17,274$17,274

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,737,675-▼ $45,283-$1,692,392
2014$1,756,237$23,158▼ $41,720-$1,737,675
2013$2,253,192$229,300▲ $315,900$916,923$1,756,237
2012$1,769,110$557,604▲ $257,389-$2,253,192
2011$1,798,272$19,000▼ $29,232-$1,769,110
Compensation and Service Providers

Board Members and Trustees

NameTitle
Herald RitchPresident
Jay LurieDirector
Larry HilibrandDirector
Dean AllenSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$108,501
Program Service Revenue
$40,572
Investment Income
$-11,358
Other Revenue
$0
All Other Contributions
$108,501
Change in Net Assets
$-232,803

Audited Revenue Reconciliation

Revenue per Audited Statements
$137,715
Revenue Not Reported on Form 990
$91,458
Total Revenue per Audited Statements
$229,173
Total Revenue per Form 990
$137,715
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$271,781
Other Expenses$98,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$271,781--$271,781
Fees for Services Management-$20,000-$20,000
Depreciation Depletion$12,715--$12,715
Interest$12,502--$12,502
Other Expenses-$10,618-$10,618
Fees for Services Other-$9,757-$9,757
Insurance-$3,228-$3,228
Total Functional Expenses$296,998$73,520$0$370,518

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$545,518
Expenses per Audited Statements$370,518
Total Expenses per Form 990$370,518
Expenses Not Reported on Form 990$175,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abilis IncGreenwich, CT501c3Social Services/comm$245,000
Ymca of StamfordStamford, CT501c3Community Assist$16,781
Ywca of GreenwichGreenwich, CT501c3Community Assist$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management of abilis community foundation, inc. Is provided by abilis, inc.

Form 990, Page 6, Part VI, Line 11B

Management and board members perform a thorough review of form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Board of directors review the conflict of interest policy annually by completion of the form by each director.

Form 990, Page 6, Part VI, Line 15A

There are no paid employees. The organization is managed by abilis, inc.

Form 990, Page 6, Part VI, Line 15B

There are no paid employees. The organization is managed by abilis, inc.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request within a reasonable amount of time.

Filing and Contact Details

Filer

Filer Name
Abilis Community Foundation Inc
EIN
06-1331293
Phone
2035311880
Address
50 GLENVILLE STREET, GREENWICH, CT 06831

Signing Officer

Name
Herald Ritch
Title
President
Phone
2035311880
Signed
2017-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herald Ritch
Formed
1991
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Guilmartin Dipiro & Sokolowski LLC
Address
505 MAIN ST, MIDDLETOWN, CT 06457-2809
Preparer
Christopher B Conley
Phone
8603475689
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Net assets released from restriction 175,000 net assets released from restriction -175,000

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation's permanently restricted net assets consist of contributions restricted for staff development, youth services, and adult services. Contributions specified for any of these purposes are considered to be permanently restricted, wherein the principal contributions will remain intact and income generated from the accounts will be used to fund the specified programs.

Schedule D, Page 3, Part X

The foundation has received exemption from federal income tax under section 501(c)(3) of the internal revenue code. The foundation has also been classified as an entity that is not a private foundation within the meaning of section 509(a) and qualifies for deductible contributions as provided in section 170(b)(1)(a)(vi). Management has reviewed the foundation's reporting and believe they have not taken tax positions that are more likely than not to be determined to be incorrect by the internal revenue service and therefore no adjustments or disclosures are required. The foundation's informational returns for fiscal years ended after june 30, 2012 remain open to inspection by the internal revenue service.

Schedule D, Page 4, Part XI, Line 2D

Net assets released from restriction 175,000

Schedule D, Page 4, Part XII, Line 2D

Net assets released from restriction 175,000

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S PERMANENTLY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS RESTRICTED FOR STAFF DEVELOPMENT, YOUTH SERVICES, AND ADULT SERVICES. CONTRIBUTIONS SPECIFIED FOR ANY OF THESE PURPOSES ARE CONSIDERED TO BE PERMANENTLY RESTRICTED, WHEREIN THE PRINCIPAL CONTRIBUTIONS WILL REMAIN INTACT AND INCOME GENERATED FROM THE ACCOUNTS WILL BE USED TO FUND THE SPECIFIED PROGRAMS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS RECEIVED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). MANAGEMENT HAS REVIEWED THE FOUNDATION'S REPORTING AND BELIEVE THEY HAVE NOT TAKEN TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO BE DETERMINED TO BE INCORRECT BY THE INTERNAL REVENUE SERVICE AND THEREFORE NO ADJUSTMENTS OR DISCLOSURES ARE REQUIRED. THE FOUNDATION'S INFORMATIONAL RETURNS FOR FISCAL YEARS ENDED AFTER JUNE 30, 2012 REMAIN OPEN TO INSPECTION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NET ASSETS RELEASED FROM RESTRICTION 175,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3NET ASSETS RELEASED FROM RESTRICTION 175,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalRevenuePerForm990Amt0137715
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IRS990ScheduleI/RecipientTable/CashGrantAmt2245000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMMUNITY ASSIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1COMMUNITY ASSIST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SOCIAL SERVICES/COMM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YWCA OF GREENWICH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YMCA OF STAMFORD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ABILIS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0060646992
IRS990ScheduleI/RecipientTable/RecipientEIN1060646985
IRS990ScheduleI/RecipientTable/RecipientEIN2066009327
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0259 EAST PUTNAM AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt110 BELL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt250 GLENVILLS ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GREENWICH
IRS990ScheduleI/RecipientTable/USAddress/CityNm1STAMFORD
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GREENWICH
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL SUBSEQUENTLY CONTACT THE GRANTEES TO DISCUSS HOW THE FUNDS WERE USED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF ABILIS COMMUNITY FOUNDATION, INC. IS PROVIDED BY ABILIS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT AND BOARD MEMBERS PERFORM A THOROUGH REVIEW OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY BY COMPLETION OF THE FORM BY EACH DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO PAID EMPLOYEES. THE ORGANIZATION IS MANAGED BY ABILIS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO PAID EMPLOYEES. THE ORGANIZATION IS MANAGED BY ABILIS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST WITHIN A REASONABLE AMOUNT OF TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NET ASSETS RELEASED FROM RESTRICTION 175,000 NET ASSETS RELEASED FROM RESTRICTION -175,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073520
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0296998
IRS990/TotalFunctionalExpensesGrp/TotalAmt0370518
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0GREENWICH
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IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HERALD RITCH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02035311880
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.14$0.18$6.95$0.03$0.24$0.21
2023Detailed filing. Detailed filing data is available for this year.$6.51$0.19$6.32$0.21$0.29$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.08$0.19$5.88$0.51$0.15$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.16$0.20$6.95$0.51$0.26$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.52$0.20$5.32$0.26$0.34$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$0.21$5.44$0.41$0.21$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$0.23$5.25$0.73$0.27$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.87$0.23$4.64$0.95$0.27$0.69
2016Detailed filing. Detailed filing data is available for this year.$3.85$0.24$3.61$0.14$0.37$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$0.25$3.93$0.51$0.08$0.43
2014Summary only. Only limited summary data is available for this year.$4.29$0.45$3.84$0.54$0.29$0.25
2013Summary only. Only limited summary data is available for this year.$3.74$0.26$3.48$1.02$0.41$0.61
2012Summary only. Only limited summary data is available for this year.$2.95$0.28$2.67$0.12$0.12$0.00
2011Summary only. Only limited summary data is available for this year.$3.06$0.29$2.77$0.26$0.12$0.14