Civic Intelligence

Tamarack Foundation Inc.

990 • Fiscal year 2014 • EIN 13-4219221

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

3310 Piedmont RoadCharleston, WV 25306

(304) 926-3770

Siviq Scores

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

Liabilities / Assets

71st percentile

0.05x

Higher debt load relative to assets than 71% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.06x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

30th percentile

-5.1%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

97th percentile

$82,119

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

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

Asset Growth

28th percentile

-10%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

61st percentile

9.2%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Down

$417,045

Down $46,928 (-10%) from 2013

Net Assets

Down

$395,869

Down $19,449 (-4.7%) from 2013

Liabilities

Down

$21,176

Down $27,479 (-56%) from 2013

Revenue

Up

$383,011

Up $32,304 (+9.2%) from 2013

Expenses

Up

$402,460

Up $77,335 (+24%) from 2013

Net Income

Down

-$19,449

Down $45,031 (-176%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $275,628Liabilities 2011: $9,155Net Assets 2011: $266,4732011Assets 2012: $408,270Liabilities 2012: $18,534Net Assets 2012: $389,7362012Assets 2013: $463,973Liabilities 2013: $48,655Net Assets 2013: $415,3182013Assets 2014: $417,045Liabilities 2014: $21,176Net Assets 2014: $395,8692014Assets 2015: $565,904Liabilities 2015: $150,176Net Assets 2015: $415,7282015Assets 2016: $626,120Liabilities 2016: $80,887Net Assets 2016: $545,2332016Assets 2017: $511,587Liabilities 2017: $15,758Net Assets 2017: $495,8292017Assets 2018: $540,765Liabilities 2018: $16,910Net Assets 2018: $523,8552018Assets 2019: $516,497Liabilities 2019: $25,810Net Assets 2019: $490,6872019Assets 2020: $441,167Liabilities 2020: $12,319Net Assets 2020: $428,8482020Assets 2021: $604,567Liabilities 2021: $6,612Net Assets 2021: $597,9552021Assets 2022: $617,013Liabilities 2022: $22,023Net Assets 2022: $594,9902022Assets 2023: $499,646Liabilities 2023: $31,369Net Assets 2023: $468,2772023Assets 2024: $395,203Liabilities 2024: $21,587Net Assets 2024: $373,6162024

Highlighted filing

2014

Assets$417,045
Liabilities$21,176
Net Assets$395,869

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $316,7052011Expenses 2012: $369,6992012Revenue 2013: $350,707Expenses 2013: $325,125Net Income 2013: $25,5822013Revenue 2014: $383,011Expenses 2014: $402,460Net Income 2014: -$19,4492014Revenue 2015: $354,617Expenses 2015: $334,758Net Income 2015: $19,8592015Revenue 2016: $437,938Expenses 2016: $308,433Net Income 2016: $129,5052016Revenue 2017: $222,485Expenses 2017: $271,889Net Income 2017: -$49,4042017Revenue 2018: $227,574Expenses 2018: $199,548Net Income 2018: $28,0262018Revenue 2019: $166,643Expenses 2019: $199,812Net Income 2019: -$33,1692019Revenue 2020: $147,020Expenses 2020: $208,859Net Income 2020: -$61,8392020Revenue 2021: $453,443Expenses 2021: $284,335Net Income 2021: $169,1082021Revenue 2022: $472,563Expenses 2022: $475,528Net Income 2022: -$2,9652022Revenue 2023: $443,135Expenses 2023: $569,848Net Income 2023: -$126,7132023Revenue 2024: $427,725Expenses 2024: $522,386Net Income 2024: -$94,6612024

Highlighted filing

2014

Revenue$383,011
Expenses$402,460
Net Income-$19,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$383,011
Mission and Program Overview

Mission

To foster, enhance and extend the cultural heritage of west virginia by providing services and opportunities to west virginia artisans. The foundation's purposes is purely educational and charitable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$187,075$187,168▲ $93
Cash and Non-Interest-Bearing Accounts$185,472$165,759▼ $19,713
Pledges and Grants Receivable$90,083$62,373▼ $27,710
Accounts Receivable$1,343$1,745▲ $402
Total Assets$463,973$417,045▼ $46,928
Liabilities
Accounts Payable and Accrued Expenses$12,655$13,719▲ $1,064
Deferred Revenue$36,000$7,457▼ $28,543
Total Liabilities$48,655$21,176▼ $27,479
Net Assets / Fund Balance
Unrestricted Net Assets$333,586$324,137▼ $9,449
Temporarily Rstr Net Assets$81,732$71,732▼ $10,000
Total Net Assets Fund Balance$415,318$395,869▼ $19,449
Total Liabilities and Net Assets / Fund Balance$463,973$417,045▼ $46,928
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sally N BartonExecutive Di$82,119$82,119

Board Members and Trustees

NameTitle
Deborah SizemoreChairperson
Nikki BowmanVice Chairpe
Cathy SmithBoard Member
Christine KellerBoard Member
Deb HartshornBoard Member
Georgette GeorgeBoard Member
Joel ElbertBoard Member
Mark SaddBoard Member
Michael MillsBoard Member
Lois CrichtonFinance Comm
Jill WilsonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$382,918
Program Service Revenue
$0
Investment Income
$93
Other Revenue
$0
All Other Contributions
$75,120
Change in Net Assets
$-19,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,011
Revenue Not Reported on Form 990
$16,000
Total Revenue per Audited Statements
$399,011
Total Revenue per Form 990
$383,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,842
Total Fundraising Expense$56,368
Grants and Similar Amounts Paid$17,618
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$20,096$5,663$2,213$27,972
Grants to Domestic Individuals$17,618--$17,618
Advertising--$15,515$15,515
Office Expenses-$13,386-$13,386
Other Expenses$10,000$41,330$17,071$10,000
Fees for Services Accounting-$3,683-$3,683
Occupancy-$3,000-$3,000
Insurance-$2,832-$2,832
Total Functional Expenses$276,198$69,894$56,368$402,460

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$418,460
Expenses per Audited Statements$402,460
Total Expenses per Form 990$402,460
Expenses Not Reported on Form 990$16,000
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
Yes
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
No

Governance Explanations

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

At a board of directors meeting dated july 21, 2014 a draft of the federal form 990 was provided to each of the board members along with a checklist for board review of the 990 developed by practioners publishing company. Also, the independent accountant and preparer of the 990 appeared at this board meeting and reviewed and answered questions regarding it. Further in order for the board members to have ample time to review, the document was not filed until approximately two weeks later in order for the board members to ask further questions of the independent accoutant.

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

Board of directors performs annual review and approval of the executive directors compensation.

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

NOT APPLICABLE

Form 990, Page 6, Part VI, Line 19

Such documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Tamarack Foundation Inc
EIN
13-4219221
Address
3310 PIEDMONT ROAD, CHARLESTON, WV 25306

Signing Officer

Name
Alissa Novoselick
Title
Executive Director
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Wv
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Mark Collins CPA
Address
PO BOX 5501, BECKLEY, WV 25801-5501
Preparer
Mark a Collins CPA
Phone
3042558928
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt093
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt079252
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt079580
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01398
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/PublicSupportCY509Pct00.99790
IRS990ScheduleA/PublicSupportPY509Pct00.99420
IRS990ScheduleA/PublicSupportTotal509Amt01740386
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0383011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0350707
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0547264
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0266654
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0192750
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0383104
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017618
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ARTISAN RELIEF - VARIOUS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BOOK
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT A BOARD OF DIRECTORS MEETING DATED JULY 21, 2014 A DRAFT OF THE FEDERAL FORM 990 WAS PROVIDED TO EACH OF THE BOARD MEMBERS ALONG WITH A CHECKLIST FOR BOARD REVIEW OF THE 990 DEVELOPED BY PRACTIONERS PUBLISHING COMPANY. ALSO, THE INDEPENDENT ACCOUNTANT AND PREPARER OF THE 990 APPEARED AT THIS BOARD MEETING AND REVIEWED AND ANSWERED QUESTIONS REGARDING IT. FURTHER IN ORDER FOR THE BOARD MEMBERS TO HAVE AMPLE TIME TO REVIEW, THE DOCUMENT WAS NOT FILED UNTIL APPROXIMATELY TWO WEEKS LATER IN ORDER FOR THE BOARD MEMBERS TO ASK FURTHER QUESTIONS OF THE INDEPENDENT ACCOUTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS PERFORMS ANNUAL REVIEW AND APPROVAL OF THE EXECUTIVE DIRECTORS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276198
IRS990/TotalFunctionalExpensesGrp/TotalAmt0402460
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt021176
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0333586
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0324137
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.TAMARACKFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALISSA NOVOSELICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TAMARACK FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TAMA
ReturnHeader/Filer/EIN0134219221
ReturnHeader/Filer/USAddress/AddressLine1Txt03310 PIEDMONT ROAD
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025306
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273479045
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK COLLINS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 5501
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BECKLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0258015501
ReturnHeader/PreparerPersonGrp/PhoneNum03042558928
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A COLLINS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-08-10T07:13:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.95$0.22$3.74$4.28$5.22$0.95
2023Summary only. Only limited summary data is available for this year.$5.00$0.31$4.68$4.43$5.70$1.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.17$0.22$5.95$4.73$4.76$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.05$0.07$5.98$4.53$2.84$1.69
2020Summary only. Only limited summary data is available for this year.$4.41$0.12$4.29$1.47$2.09$0.62
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.26$4.91$1.67$2.00$0.33
2018Summary only. Only limited summary data is available for this year.$5.41$0.17$5.24$2.28$2.00$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.16$4.96$2.22$2.72$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.26$0.81$5.45$4.38$3.08$1.30
2015Detailed filing. Detailed filing data is available for this year.$5.66$1.50$4.16$3.55$3.35$0.20
2014Detailed filing. Detailed filing data is available for this year.$4.17$0.21$3.96$3.83$4.02$0.19
2013Detailed filing. Detailed filing data is available for this year.$4.64$0.49$4.15$3.51$3.25$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$0.19$3.90$3.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.09$2.66$3.17