Civic Intelligence

Ernst & Young Foundation

990 • Fiscal year 2013 • EIN 13-6094489

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization ProfileWWW.EY.COM
5 Times SquareSuite10036
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.08x

Higher debt load relative to assets than 33% of similar nonprofits.

2013 filings • NTEE B • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

89th percentile

69%

Faster asset growth than 89% of similar nonprofits.

2013 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$40,252,855

Up $16,473,600 (+69%) from 2012

Net Assets

Up

$37,039,060

Up $16,494,206 (+80%) from 2012

Liabilities

Down

$3,213,795

Down $20,606 (-0.6%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$14,310,099

Up $1,542,641 (+12%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$60M$40M$20M$0Assets 2010: $22,939,654Liabilities 2010: $3,643,755Net Assets 2010: $19,295,8992010Assets 2011: $22,926,591Liabilities 2011: $2,349,543Net Assets 2011: $20,577,0482011Assets 2012: $23,779,255Liabilities 2012: $3,234,401Net Assets 2012: $20,544,8542012Assets 2013: $40,252,855Liabilities 2013: $3,213,795Net Assets 2013: $37,039,0602013Assets 2014: $29,782,112Liabilities 2014: $2,768,276Net Assets 2014: $27,013,8362014Assets 2015: $31,078,673Liabilities 2015: $2,362,097Net Assets 2015: $28,716,5762015Assets 2016: $31,508,483Liabilities 2016: $3,348,703Net Assets 2016: $28,159,7802016Assets 2017: $34,459,845Liabilities 2017: $3,200,406Net Assets 2017: $31,259,4392017Assets 2018: $35,956,194Liabilities 2018: $2,814,988Net Assets 2018: $33,141,2062018Assets 2019: $36,931,424Liabilities 2019: $2,865,543Net Assets 2019: $34,065,8812019Assets 2020: $40,088,823Liabilities 2020: $2,714,058Net Assets 2020: $37,374,7652020Assets 2021: $39,971,970Liabilities 2021: $3,021,681Net Assets 2021: $36,950,2892021Assets 2022: $43,540,853Liabilities 2022: $3,643,178Net Assets 2022: $39,897,6752022Assets 2023: $41,679,326Liabilities 2023: $3,636,170Net Assets 2023: $38,043,1562023

Highlighted filing

2013

Assets$40,252,855
Liabilities$3,213,795
Net Assets$37,039,060
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MExpenses 2010: $10,380,7002010Expenses 2011: $10,559,5992011Expenses 2012: $12,767,4582012Expenses 2013: $14,310,0992013Revenue 2014: $3,794,269Expenses 2014: $13,739,595Net Income 2014: -$9,945,3262014Revenue 2015: $15,811,538Expenses 2015: $14,072,279Net Income 2015: $1,739,2592015Revenue 2016: $16,654,656Expenses 2016: $17,234,012Net Income 2016: -$579,3562016Revenue 2017: $19,679,876Expenses 2017: $16,509,287Net Income 2017: $3,170,5892017Revenue 2018: $22,535,524Expenses 2018: $20,911,312Net Income 2018: $1,624,2122018Revenue 2019: $18,859,794Expenses 2019: $18,090,181Net Income 2019: $769,6132019Revenue 2020: $21,007,065Expenses 2020: $18,318,681Net Income 2020: $2,688,3842020Revenue 2021: $27,635,064Expenses 2021: $29,011,309Net Income 2021: -$1,376,2452021Revenue 2022: $27,948,303Expenses 2022: $21,909,835Net Income 2022: $6,038,4682022Revenue 2023: $19,837,625Expenses 2023: $22,074,233Net Income 2023: -$2,236,6082023

Highlighted filing

2013

Revenue-
Expenses$14,310,099
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 15, 2014
Return Version
2012v2.3
Gross Receipts
$31,728,627
Mission and Program Overview

Mission

The ernst & young foundation's mission is to stimulate and support excellence in education, with a particular focus on higher education and preparation for professional service careers in business. The ernst & young foundation focuses its support on high quality educational institutions, encouraging leadership, excellence, continuous improvement and innovation in education quality, diversity and accountability within these institutions. The ernst & young foundation may, at times, provide certain philanthropic services related to disaster relief and other charitable causes.

Major Activities

Activity 2
Matching gifts program for higher education - subject to certain limits, the foundation matches dollar-for-dollar contributions by partners and employees of ernst & young llp to accredited educational institutions that meet certain requirements.
Activity 3
Educational and special project grants - this encompasses grants for special projects such as education forums, research studies and graduate tax programs and for the improvement of educational opportunities for the disadvantaged and other special educational projects.
Filing and Contact Details

Filer

EIN
13-6094489
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S), AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT PROVIDES FOR THE PRESERVATION OF FUND ASSETS ON A LONG-TERM BASIS THROUGH THE HIGHEST QUALITY INVESTMENT GRADE FIXED INCOME SECURITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1OTHER REVENUE ON BOOKS BUT NOT INCLUDED ON RETURN: CONTRIBUTED SERVICES FROM RELATED PARTY $599,628
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2OTHER EXPENSES ON BOOKS BUT NOT INCLUDED ON RETURN: CONTRIBUTED SERVICES FROM RELATED PARTY $599,628
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3Accounting for Uncertainty in Income Taxes clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. Management has analyzed the tax positions taken by the Foundation and has concluded that as of June 30, 2013 and 2012, there are no uncertain tax positions taken or expected to be taken that would require the recognition of a liability or disclosure in the financial statements. The Foundation recognizes accrued interest and penalties associated with uncertain tax provisions, if any. There were no income tax-related interest and penalties recorded for the years ended June 30, 2013 and 2012. The income tax returns of the Foundation for the years ended June 30, 2012, 2011 and 2010 are subject to examination by the IRS and other various taxing authorities, generally for three years after they were filed.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0PART V, LINE 4:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 2D:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 2D:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier3PART X, LINE 2
IRS990ScheduleD/GrantsPaidFromDonorFunds02753108
IRS990ScheduleD/NetUnrealizedGainsInvestments0-128094
IRS990ScheduleD/NumberDAFsHeld0673
IRS990ScheduleD/OtherExpensesIncluded0599628
IRS990ScheduleD/OtherLiabilities/Amount0771960
IRS990ScheduleD/OtherLiabilities/Description0MATCHING GIFTS PAYABLE
IRS990ScheduleD/OtherRevenues0599628
IRS990ScheduleD/RevenueNotRptdF9900471534
IRS990ScheduleD/RevenueSubtotal030933322
IRS990ScheduleD/TotalExpensesPerForm990014310099
IRS990ScheduleD/TotalOfAmounts0771960
IRS990ScheduleD/TotalRevenuePerForm990030933322
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt014909727
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt031404856
IRS990ScheduleI/Form990ScheduleIPartIII/AmountOfCashGrant01194157
IRS990ScheduleI/Form990ScheduleIPartIII/NumberOfRecipients0115
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0HURRICANE SANDY DISASTER RELIEF
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0THERE ARE MEASUREMENT REQUIREMENTS IN EACH ORGANIZATION THAT REQUEST GRANTS (ALL GRANTS FUNDED). ADDITIONALLY, SITE VISITS ARE UTILIZED TO FOLLOW-UP ON MAJOR GRANTS.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation1THE AWARDING OF GRANTS FROM THE HURRICANE SANDY RELIEF FUND FOLLOWED THE FOLLOWING PROCESS: A COMMITTEE WAS RECRUITED THAT REPRESENTED THE DONOR POOL (DIFFERENT RANKS, GEOGRAPHIES AND BUSINESS UNITS). ALTHOUGH THE MAJORITY OF THE DOLLARS CAME FROM PARTNERS, THE COMMITTEE WAS ESTABLISHED TO REPRESENT THE DIVERSITY OF THE DONORS BY NUMBER OF GIFTS CONTRIBUTED. THE COMMITTEE FIRST REVIEWED THE REQUESTS FOR FUNDS AND ESTABLISHED CATEGORIES OF NEED (SUCH AS EMERGENCY REPLACEMENT OF CHILDREN'S NEEDS, CAR LOSS, HOUSING DAMAGE, TOTAL HOUSING LOSS, ETC.) AND GRANT AMOUNTS WERE DETERMINED FOR EACH CATEGORY OF NEED. THE COMMITTEE ALSO DETERMINED A TOTAL CAP OF DOLLARS AVAILABLE TO ANY ONE INDIVIDUAL OR HOUSEHOLD. EVERYONE DETERMINED TO HAVE A NEED, RECEIVED THE SAME GRANT BASED ON THAT NEED. ADDITIONALLY, ALL RECIPIENTS SIGNED AN AGREEMENT PRIOR TO RECEIVING THE FUNDS WHEREBY THEY ATTESTED THAT THE MONEY THEY RECEIVED FROM THE ERNST & YOUNG FOUNDATION WAS NOT DUPLICATIVE TO ANY OTHER GRANT MONEY THEY RECEIVED. COUNSEL ADVISED THE ERNST & YOUNG FOUNDATION STAFF ON WORDING TO PREVENT ANYONE FROM RECEIVING "EXCESS" FUNDS. RECIPIENTS WHO EVENTUALLY RECEIVED INSURANCE AND OTHER FUNDS TO COMPENSATE THEM RETURNED MONEY TO THE FUND. THOSE DOLLARS WERE THEN SENT TO OTHER HURRICANE VICTIMS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0990 SCH I
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier1990, SCH I
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0Part I Description of Procedure for Monitoring Use of Funds
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference1PART III- DESCRIPTION FOR AWARDING GRANTS FROM HURRICANE SANDY RELIEF FUND
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10122 MCGLOTHLIN CENTER PO BOX 29132
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine111555 Poydras Street Suite 1120
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine12611 East Porter Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine13520 N Main Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1415600 Mulholland Drive
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine15Office Of Development 4400 Massach
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine16300 E University Drive
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine17317 South College Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine18639 38th Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine19681 Summer Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine110231 Forest Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine111275 Eastland Road
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1122800 West Bethel Avenue
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine113One Bernard Baruch Way Box A-1603
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine114700 South University Parks Drive S
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1152001 Newburg Road
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine116175 Forest Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine117PO Box 6005
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine11813800 Biola Ave
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1191720 2nd Avenue South Ab 1230
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine120Cadigan Alumni Center 140 Commonwe
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine121595 Commonwealth Ave Suite 700
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine122Mileti Alumni Center
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1231501 W Bradley Ave
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1241450 North University Avenue
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1252900 Bedford Avenue
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine126110 Elm Street
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine127301 Market Street Suite 2
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1284600 Sunset Avenue
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1292600 E Nutwood Ave Suite 850
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1301200 E California Blvd M/S 5-32

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$40,252,855
Liabilities
$3,213,795
Net assets
$37,039,060
Revenue
-
Expenses
$14,310,099
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$41.7$3.64$38.0$19.8$22.1$2.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.5$3.64$39.9$27.9$21.9$6.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$3.02$37.0$27.6$29.0$1.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$2.71$37.4$21.0$18.3$2.69
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$2.87$34.1$18.9$18.1$0.77
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.0$2.81$33.1$22.5$20.9$1.62
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.5$3.20$31.3$19.7$16.5$3.17
2016Detailed filing. Detailed filing data is available for this year.$31.5$3.35$28.2$16.7$17.2$0.58
2015Detailed filing. Detailed filing data is available for this year.$31.1$2.36$28.7$15.8$14.1$1.74
2014Detailed filing. Detailed filing data is available for this year.$29.8$2.77$27.0$3.79$13.7$9.95
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$3.21$37.0$14.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.8$3.23$20.5$12.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$2.35$20.6$10.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$3.64$19.3$10.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $25M-$50M nonprofits