Civic Intelligence

Aabr Foundation Inc.

990 • Fiscal year 2018 • EIN 11-2218979

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

15-08 College Point BoulevardCollege Point, NY 11356

(718) 321-3800

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Higher debt load relative to assets than 12% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

74th percentile

$190,978

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

15%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$8,764,205

Up $452,878 (+5.4%) from 2017

Net Assets

Up

$8,743,018

Up $445,557 (+5.4%) from 2017

Liabilities

Up

$21,187

Up $7,321 (+53%) from 2017

Revenue

Up

$676,590

Up $89,622 (+15%) from 2017

Expenses

Down

$252,018

Down $142,495 (-36%) from 2017

Net Income

Up

$424,572

Up $232,117 (+121%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $7,288,182Liabilities 2011: $0Net Assets 2011: $7,288,1822011Assets 2012: $7,370,749Liabilities 2012: $0Net Assets 2012: $7,370,7492012Assets 2013: $7,536,586Liabilities 2013: $13,725Net Assets 2013: $7,522,8612013Assets 2014: $8,685,741Liabilities 2014: $473,970Net Assets 2014: $8,211,7712014Assets 2015: $8,577,000Liabilities 2015: $320,644Net Assets 2015: $8,256,3562015Assets 2016: $7,875,923Liabilities 2016: $12,700Net Assets 2016: $7,863,2232016Assets 2017: $8,311,327Liabilities 2017: $13,866Net Assets 2017: $8,297,4612017Assets 2018: $8,764,205Liabilities 2018: $21,187Net Assets 2018: $8,743,0182018Assets 2019: $9,338,968Liabilities 2019: $5,386Net Assets 2019: $9,333,5822019Assets 2020: $9,274,812Liabilities 2020: $1,633Net Assets 2020: $9,273,1792020Assets 2021: $10,707,722Liabilities 2021: $13,217Net Assets 2021: $10,694,5052021Assets 2022: $10,444,313Liabilities 2022: $1,489Net Assets 2022: $10,442,8242022Assets 2023: $10,963,454Liabilities 2023: $0Net Assets 2023: $10,963,4542023Assets 2024: $11,748,413Liabilities 2024: $0Net Assets 2024: $11,748,4132024

Highlighted filing

2018

Assets$8,764,205
Liabilities$21,187
Net Assets$8,743,018

Operations Trend

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

$1.0M$500K$0Revenue 2011: $619,798Expenses 2011: $254,999Net Income 2011: $364,7992011Revenue 2012: $396,240Expenses 2012: $308,227Net Income 2012: $88,0132012Revenue 2013: $473,424Expenses 2013: $375,592Net Income 2013: $97,8322013Revenue 2014: $651,585Expenses 2014: $442,415Net Income 2014: $209,1702014Revenue 2015: $807,812Expenses 2015: $506,056Net Income 2015: $301,7562015Revenue 2016: $553,207Expenses 2016: $406,381Net Income 2016: $146,8262016Revenue 2017: $586,968Expenses 2017: $394,513Net Income 2017: $192,4552017Revenue 2018: $676,590Expenses 2018: $252,018Net Income 2018: $424,5722018Revenue 2019: $831,191Expenses 2019: $248,111Net Income 2019: $583,0802019Revenue 2020: $625,665Expenses 2020: $374,483Net Income 2020: $251,1822020Revenue 2021: $435,859Expenses 2021: $146,641Net Income 2021: $289,2182021Revenue 2022: $441,503Expenses 2022: $162,801Net Income 2022: $278,7022022Revenue 2023: $506,749Expenses 2023: $220,615Net Income 2023: $286,1342023Revenue 2024: $429,088Expenses 2024: $164,546Net Income 2024: $264,5422024

Highlighted filing

2018

Revenue$676,590
Expenses$252,018
Net Income$424,572
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$1,530,610
Mission and Program Overview

Mission

Aabr foundation, inc. Solicits and raises funds to support specialized educational opportunities, community support and facilities for individuals with difficulties due to damage or dysfunction of the nervous or biochemical systems.

TO SOLICIT AND RAISE FUNDS TO SUPPORT SPECIALIZED ED OPPORTUNITIES, COMMUNITY SUPPORT AND facilities for those WITH DIFFICULTIES DUE TO NERVous or biochemical system damage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,280,669$2,241,159▼ $39,510
Savings and Temporary Cash Investments$707,152$795,160▲ $88,008
Cash and Non-Interest-Bearing Accounts$688,441$369,943▼ $318,498
Prepaid Expenses and Deferred Charges$862$3,282▲ $2,420
Pledges and Grants Receivable$0$2,050▲ $2,050
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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
Land, Buildings, and Equipment, Net$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$8,311,327$8,764,205▲ $452,878
Other Assets Total$4,634,203$5,352,611▲ $718,408
Liabilities
Accounts Payable and Accrued Expenses$13,866$21,187▲ $7,321
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,866$21,187▲ $7,321
Net Assets / Fund Balance
Unrestricted Net Assets$8,172,543$8,624,766▲ $452,223
Temporarily Rstr Net Assets$69,102$62,436▼ $6,666
Permanently Rstr Net Assets$55,816$55,816→ $0
Total Net Assets Fund Balance$8,297,461$8,743,018▲ $445,557
Total Liabilities and Net Assets / Fund Balance$8,311,327$8,764,205▲ $452,878

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,352,611--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$74,564-▲ $3,352-$77,916
2016$67,869-▲ $6,695-$74,564
2015$71,240-▼ $3,371-$67,869
2014$74,417-▲ $735$3,912$71,240
2013$64,179-▲ $10,238-$74,417
Compensation and Service Providers

Board Members and Trustees

NameTitle
Audrey SachsPresident
Cathleen Healey-FosinaBoard Member (through 08/2017)
Barbara McnultyBoard Memeber
Jeffrey MeaneyBoard Memeber
Joseph GiameliBoard Memeber
LYNNE VICCARO-O'LEARYBoard Memeber
Oren WarshavskyBoard Memeber
Randy RockBoard Memeber
Sheryl Haughton-TaylorBoard Memeber
Christopher Weldon JrExecutive Director
THOMAS MCALVANAH Left 122016Executive Director
Marianne BosnackCFO
susan venerprincipal
Andy OcchinoSecretary
Joseph PulvirentiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$487,151
Program Service Revenue
$0
Investment Income
$137,299
Other Revenue
$52,140
All Other Contributions
$444,971
Change in Net Assets
$424,572

Audited Revenue Reconciliation

Revenue per Audited Statements
$676,590
Revenue Not Reported on Form 990
$38,455,787
Total Revenue per Audited Statements
$39,132,377
Total Revenue per Form 990
$676,590
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$227,450
Total Fundraising Expense$123,870
Grants and Similar Amounts Paid$24,568
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$31,089$62,473$93,562
Fees for Services Other--$37,046$37,046
Office Expenses-$9,842$24,351$34,193
Grants to Domestic Orgs$24,568--$24,568
Other Expenses$11,190$23,407-$23,407
Fees for Service Investment Mgmnt Fees-$15,292-$15,292
Fees for Services Accounting-$12,150-$12,150
Occupancy-$610-$610
Total Functional Expenses$35,758$92,390$123,870$252,018

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,406,320
Expenses Not Reported on Form 990$35,154,302
Expenses per Audited Statements$252,018
Total Expenses per Form 990$252,018
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aabr IncCollege Point, NY501(c)3Grant-edu. Support$24,568
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$241,641
Fundraising Direct Expenses$189,501
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$170,000$146,730-$146,730
Dinner Dance$81,045$67,270-$67,270
Total Events$283,821$241,641$189,501$52,140
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The DRAFT FORM 990 WAS INITIALLY REVIEWED BY THE CFO AND DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND FEEDBACK PRIOR TO FILING WITH THE IRS.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request. The organizaiton does not have its own conflict of interest policy and relies on that of the related entity aabr, inc.

Form 990, Part VI, Section B, Line 12A

Aabr foundation does not have their own conflict of interest policy. They follow the policy of aabr inc.

FORM 990, PART VI, SECTION B, LINE 15:

The executive directors compensation is reviewed and approved by the board of directors based on comparability data. The organization also hired an outside consulting company to conduct a compensation survey. The last review was done in 2013. This is done by the related organization aabr inc.

Filing and Contact Details

Filer

Filer Name
AABR Foundation Inc
EIN
11-2218979
In Care Of
% MARIANNE BOSNACK
Phone
7183213800
Address
15-08 College Point Boulevard, College Point, NY 11356

Signing Officer

Name
Marianne Bosnack
Title
CFO
Phone
7183213800
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marianne Bosnack
Formed
1963
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
12
Volunteers
11

Preparer

Firm
Bkd Llp
Address
655 Third Avenue 1200, New York, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Process has not changed from prior year.

Form 990 Part IX Line 11G

Description:development fees total fees:37046

Financial Statement Notes

Schedule D, Part V, Line 4

The endowment fund is invested in a manner that is intended to produce results that exceed the price and yield results of the triple a rated short-term money market instruments for the cash and cash equivalent investments and the barclays intermediate government/corporate bonds index for the fixed income investments. The organization appropriates the actual interest income return from the restricted asset and supplements nonrestricted funds for training and other programs. In establishing this policy, the organization considered the long-term expected return on its endowment. Accordingly, over the long term, the organization expects the current spending policy to allow its endowment to grow annually.

Part XI, Line 2D - Other Adjustments:

Related Party Revenue - $38,434,802

Part XII, Line 2D - Other Adjustments:

Related party Expenses: $35,154,302

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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Memeber
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member (through 08/2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0514447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0540477
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02632088
IRS990ScheduleA/TotalSupportAmt03349941
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt052140
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt052140
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt074564

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$0.43$0.16$0.26
2023Detailed filing. Detailed filing data is available for this year.$11.0$0.00$11.0$0.51$0.22$0.29
2022Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$0.44$0.16$0.28
2021Detailed filing. Detailed filing data is available for this year.$10.7$0.01$10.7$0.44$0.15$0.29
2020Detailed filing. Detailed filing data is available for this year.$9.27$0.00$9.27$0.63$0.37$0.25
2019Detailed filing. Detailed filing data is available for this year.$9.34$0.01$9.33$0.83$0.25$0.58
2018Detailed filing. Detailed filing data is available for this year.$8.76$0.02$8.74$0.68$0.25$0.42
2017Detailed filing. Detailed filing data is available for this year.$8.31$0.01$8.30$0.59$0.39$0.19
2016Detailed filing. Detailed filing data is available for this year.$7.88$0.01$7.86$0.55$0.41$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.58$0.32$8.26$0.81$0.51$0.30
2014Detailed filing. Detailed filing data is available for this year.$8.69$0.47$8.21$0.65$0.44$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.54$0.01$7.52$0.47$0.38$0.10
2012Summary only. Only limited summary data is available for this year.$7.37$0.00$7.37$0.40$0.31$0.09
2011Summary only. Only limited summary data is available for this year.$7.29$0.00$7.29$0.62$0.25$0.36