Civic Intelligence

The Silver Shield Foundation Inc

990 • Fiscal year 2019 • EIN 13-3120746

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 25, 2020

870 United Nations PlazaNew York, NY 10017

(212) 832-1100

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

9th percentile

-32%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

68th percentile

$100,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

65th percentile

9.1%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$4,669,169

Up $391,401 (+9.1%) from 2018

Net Assets

Up

$4,635,619

Up $389,413 (+9.2%) from 2018

Liabilities

Up

$33,550

Up $1,988 (+6.3%) from 2018

Revenue

Down

$625,276

Down $409,679 (-40%) from 2018

Expenses

Up

$822,862

Up $56,785 (+7.4%) from 2018

Net Income

Down

-$197,586

Down $466,464 (-173%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,518,885Liabilities 2011: $44,709Net Assets 2011: $3,474,1762011Assets 2012: $3,517,225Liabilities 2012: $74,778Net Assets 2012: $3,442,4472012Assets 2013: $3,558,308Liabilities 2013: $53,885Net Assets 2013: $3,504,4232013Assets 2014: $3,712,308Liabilities 2014: $25,928Net Assets 2014: $3,686,3802014Assets 2015: $3,816,889Liabilities 2015: $19,571Net Assets 2015: $3,797,3182015Assets 2016: $4,247,068Liabilities 2016: $26,558Net Assets 2016: $4,220,5102016Assets 2017: $4,542,301Liabilities 2017: $17,295Net Assets 2017: $4,525,0062017Assets 2018: $4,277,768Liabilities 2018: $31,562Net Assets 2018: $4,246,2062018Assets 2019: $4,669,169Liabilities 2019: $33,550Net Assets 2019: $4,635,6192019Assets 2020: $5,014,252Liabilities 2020: $56,302Net Assets 2020: $4,957,9502020Assets 2021: $5,350,617Liabilities 2021: $22,621Net Assets 2021: $5,327,9962021Assets 2022: $4,835,859Liabilities 2022: $14,733Net Assets 2022: $4,821,1262022Assets 2023: $5,322,873Liabilities 2023: $37,929Net Assets 2023: $5,284,9442023Assets 2024: $5,802,167Liabilities 2024: $0Net Assets 2024: $5,802,1672024

Highlighted filing

2019

Assets$4,669,169
Liabilities$33,550
Net Assets$4,635,619

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $450,864Expenses 2011: $501,672Net Income 2011: -$50,8082011Expenses 2012: $614,5572012Revenue 2013: $429,197Expenses 2013: $503,444Net Income 2013: -$74,2472013Revenue 2014: $889,968Expenses 2014: $549,740Net Income 2014: $340,2282014Revenue 2015: $926,930Expenses 2015: $641,863Net Income 2015: $285,0672015Revenue 2016: $854,781Expenses 2016: $574,496Net Income 2016: $280,2852016Revenue 2017: $883,022Expenses 2017: $742,434Net Income 2017: $140,5882017Revenue 2018: $1,034,955Expenses 2018: $766,077Net Income 2018: $268,8782018Revenue 2019: $625,276Expenses 2019: $822,862Net Income 2019: -$197,5862019Revenue 2020: $649,906Expenses 2020: $737,697Net Income 2020: -$87,7912020Revenue 2021: $1,295,987Expenses 2021: $693,467Net Income 2021: $602,5202021Revenue 2022: $713,326Expenses 2022: $712,571Net Income 2022: $7552022Revenue 2023: $650,046Expenses 2023: $644,547Net Income 2023: $5,4992023Revenue 2024: $1,234,985Expenses 2024: $828,831Net Income 2024: $406,1542024

Highlighted filing

2019

Revenue$625,276
Expenses$822,862
Net Income-$197,586
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 25, 2020
Return Version
2019v5.1
Gross Receipts
$4,378,094
Mission and Program Overview

Mission

Provide educational support for the

Provide educational support for the surviving children and spouses of uniformed members of the New York City Police and Fire Departments, NY / NJ Port Authority Police Dept., NY, NJ and CT State

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,008,090$4,492,091▲ $484,001
Savings and Temporary Cash Investments$247,235$118,164▼ $129,071
Prepaid Expenses and Deferred Charges$22,443$46,314▲ $23,871
Total Assets$4,277,768$4,669,169▲ $391,401
Other Assets Total$0$12,600▲ $12,600
Liabilities
Accounts Payable and Accrued Expenses$31,562$33,550▲ $1,988
Total Liabilities$31,562$33,550▲ $1,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,175,263$3,764,129▲ $588,866
Net Assets With Donor Restrictions$1,070,943$871,490▼ $199,453
Total Net Assets Fund Balance$4,246,206$4,635,619▲ $389,413
Total Liabilities and Net Assets / Fund Balance$4,277,768$4,669,169▲ $391,401
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kc FuchsChief Operating OfficerFT$100,000$100,000
Revenue and Support

Revenue Composition

Contributions and Grants
$508,865
Program Service Revenue
$0
Investment Income
$116,411
Other Revenue
$0
All Other Contributions
$508,865
Change in Net Assets
$-197,586

Audited Revenue Reconciliation

Revenue per Audited Statements
$625,276
Revenue Not Reported on Form 990
$586,999
Total Revenue per Audited Statements
$1,212,275
Total Revenue per Form 990
$625,276
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$348,995
Other Expenses$307,169
Salaries, Compensation, and Employee Benefits$166,698
Total Fundraising Expense$61,418
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$348,995--$348,995
Current Officers, Directors, Trustees, and Key Employees$90,000$5,000$5,000$100,000
Other Expenses$68,214$0$0$68,214
Occupancy$48,427$6,054$6,053$60,534
Other Salaries and Wages$21,340$9,700$7,760$38,800
Office Expenses$17,392$2,173$2,174$21,739
All Other Expenses$9,925$0$5,684$15,609
Other Employee Benefits$11,041$706$684$12,431
Payroll Taxes$9,639$1,273$1,105$12,017
Fees for Services Accounting$0$12,000$0$12,000
Fees for Services Legal$0$8,024$0$8,024
Insurance$4,541$567$568$5,676
Pension Plan Contributions$2,738$382$330$3,450
Total Functional Expenses$661,871$99,573$61,418$822,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$822,862
Total Expenses per Audited Statements$822,862
Total Expenses per Form 990$822,862
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Filing and Contact Details

Filer

Filer Name
The Silver Shield Foundation Inc
EIN
13-3120746
Phone
2128321100
Address
870 UNITED NATIONS PLAZA, NEW YORK, NY 10017

Signing Officer

Name
William G Walters
Title
Co-chairman
Phone
2128321100
Signed
2020-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Walters
Formed
1982
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
3
Volunteers
50

Preparer

Firm
Paul R Czarnowski CPA
Address
PO BOX 1036, CENTER MORICHES, NY 11934
Preparer
Paul R Czarnowski
Phone
6318784481
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

3 officers and 14 trustees

Pt VI, Line 11B

990 reviewed by board president and treasurer and distributed to all board members.

Pt VI, Line 15A

All salary increases and bonuses decided by the board.

Pt VI, Line 15B

All salary increases and bonuses decided by the board.

Pt VI, Line 12C

Interviews with new personal, officers, trustees, etc., where foundation policies are discussed and clarified. Current personal, officers, trustees, etc., are encouraged to disclose any new questionable relationships with foundation's counsel.

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IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03752818
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide educational support for the surviving children and spouses of uniformed members of the New York City Police and Fire Departments, NY / NJ Port Authority Police Dept., NY, NJ and CT State
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04246206
IRS990/NetAssetsOrFundBalancesEOYAmt04635619
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6373
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6373
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0586999
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03175263
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03764129
IRS990/NoncashContributionsAmt015085
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt06053
IRS990/OccupancyGrp/ManagementAndGeneralAmt06054
IRS990/OccupancyGrp/ProgramServicesAmt048427
IRS990/OccupancyGrp/TotalAmt060534
IRS990/OfficeExpensesGrp/FundraisingAmt02174
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02173
IRS990/OfficeExpensesGrp/ProgramServicesAmt017392
IRS990/OfficeExpensesGrp/TotalAmt021739
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt012600
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0684
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0706
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011041
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012431
IRS990/OtherExpensesGrp/Desc0BANK SERVICES
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2MARKETING AND COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3SERVICES AND OUTREACH
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt126070
IRS990/OtherExpensesGrp/FundraisingAmt25990
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt043266
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110428
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt115642
IRS990/OtherExpensesGrp/ProgramServicesAmt213977
IRS990/OtherExpensesGrp/ProgramServicesAmt368214
IRS990/OtherExpensesGrp/TotalAmt043266
IRS990/OtherExpensesGrp/TotalAmt152140
IRS990/OtherExpensesGrp/TotalAmt219967
IRS990/OtherExpensesGrp/TotalAmt368214
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07760
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021340
IRS990/OtherSalariesAndWagesGrp/TotalAmt038800
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01105
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01273
IRS990/PayrollTaxesGrp/ProgramServicesAmt09639
IRS990/PayrollTaxesGrp/TotalAmt012017
IRS990/PensionPlanContributionsGrp/FundraisingAmt0330
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0382
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02738
IRS990/PensionPlanContributionsGrp/TotalAmt03450
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022443
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046314
IRS990/PrincipalOfficerNm0WILLIAM WALTERS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0FAMILY SUPPORT FOR SPOUSES & CHILDREN OF POLICE OFFICERS & FIRE FIGHTERS KILLED IN THE LINE OF DUTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt071978
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY SUPPORT
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt098166
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0621737
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0391859
IRS990/PYInvestmentIncomeAmt0413218
IRS990/PYOtherExpensesAmt0221688
IRS990/PYRevenuesLessExpensesAmt0268878
IRS990/PYSalariesCompEmpBnftPaidAmt0152530
IRS990/PYTotalExpensesAmt0766077
IRS990/PYTotalRevenueAmt01034955
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-197586
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0247235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0118164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0508865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0621737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0675175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0727280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0784522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03317579
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0122784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt093335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt093605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt084837
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0474932
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87480
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.89780
IRS990ScheduleA/PublicSupportTotal170Amt03317579
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0508865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0621737
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0675175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0727280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0784522
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03317579
IRS990ScheduleA/TotalSupportAmt03792511
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

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.80$0.00$5.80$1.23$0.83$0.41
2023Detailed filing. Detailed filing data is available for this year.$5.32$0.04$5.28$0.65$0.64$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.84$0.01$4.82$0.71$0.71$0.00
2021Detailed filing. Detailed filing data is available for this year.$5.35$0.02$5.33$1.30$0.69$0.60
2020Detailed filing. Detailed filing data is available for this year.$5.01$0.06$4.96$0.65$0.74$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.67$0.03$4.64$0.63$0.82$0.20
2018Detailed filing. Detailed filing data is available for this year.$4.28$0.03$4.25$1.03$0.77$0.27
2017Detailed filing. Detailed filing data is available for this year.$4.54$0.02$4.53$0.88$0.74$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.25$0.03$4.22$0.85$0.57$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.82$0.02$3.80$0.93$0.64$0.29
2014Detailed filing. Detailed filing data is available for this year.$3.71$0.03$3.69$0.89$0.55$0.34
2013Detailed filing. Detailed filing data is available for this year.$3.56$0.05$3.50$0.43$0.50$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.07$3.44$0.61
2011Summary only. Only limited summary data is available for this year.$3.52$0.04$3.47$0.45$0.50$0.05