Civic Intelligence

Scarsdale Foundation

990 • Fiscal year 2018 • EIN 13-6103826

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 18, 2019

Organization ProfileSCARSDALEFOUNDATION.ORG
PO Box 542Scarsdale, NY 10583

(914) 723-1626

Siviq Scores

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

Liabilities / Assets

80th percentile

0.00x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

82nd percentile

0.05x

Higher debt load relative to revenue than 82% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

33%

Higher net margin than 66% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Asset Growth

76th percentile

7.7%

Faster asset growth than 76% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

41%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,599,164

Up $185,980 (+7.7%) from 2017

Net Assets

Up

$2,586,779

Up $187,307 (+7.8%) from 2017

Liabilities

Down

$12,385

Down $1,327 (-9.7%) from 2017

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin66th percentile

Revenue

Up

$248,002

Up $72,019 (+41%) from 2017

Expenses

Down

$166,742

Down $41,631 (-20%) from 2017

Net Income

Up

$81,260

Up $113,650 (+351%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,798,804Liabilities 2011: $15,170Net Assets 2011: $1,783,6342011Assets 2012: $1,728,835Liabilities 2012: $13,709Net Assets 2012: $1,715,1262012Assets 2013: $1,949,579Liabilities 2013: $11,326Net Assets 2013: $1,938,2532013Assets 2014: $2,233,943Liabilities 2014: $14,183Net Assets 2014: $2,219,7602014Assets 2015: $2,267,292Liabilities 2015: $16,710Net Assets 2015: $2,250,5822015Assets 2016: $2,241,964Liabilities 2016: $20,473Net Assets 2016: $2,221,4912016Assets 2017: $2,413,184Liabilities 2017: $13,712Net Assets 2017: $2,399,4722017Assets 2018: $2,599,164Liabilities 2018: $12,385Net Assets 2018: $2,586,7792018Assets 2019: $2,685,734Liabilities 2019: $14,785Net Assets 2019: $2,670,9492019Assets 2020: $2,754,048Liabilities 2020: $18,300Net Assets 2020: $2,735,7482020Assets 2021: $3,654,814Liabilities 2021: $18,165Net Assets 2021: $3,636,6492021Assets 2022: $3,117,518Liabilities 2022: $25,510Net Assets 2022: $3,092,0082022Assets 2023: $3,419,077Liabilities 2023: $20,775Net Assets 2023: $3,398,3022023Assets 2024: $3,781,033Liabilities 2024: $24,380Net Assets 2024: $3,756,6532024

Highlighted filing

2018

Assets$2,599,164
Liabilities$12,385
Net Assets$2,586,779
Open 2018 Filing

Operations Trend

Revenue Growth73rd percentile

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

$400K$200K$0-$200KExpenses 2011: $103,1172011Expenses 2012: $110,9412012Expenses 2013: $114,4792013Revenue 2014: $129,879Expenses 2014: $143,828Net Income 2014: -$13,9492014Revenue 2015: $142,628Expenses 2015: $135,608Net Income 2015: $7,0202015Revenue 2016: $138,884Expenses 2016: $139,906Net Income 2016: -$1,0222016Revenue 2017: $175,983Expenses 2017: $208,373Net Income 2017: -$32,3902017Revenue 2018: $248,002Expenses 2018: $166,742Net Income 2018: $81,2602018Revenue 2019: $158,120Expenses 2019: $176,635Net Income 2019: -$18,5152019Revenue 2020: $168,277Expenses 2020: $163,813Net Income 2020: $4,4642020Revenue 2021: $368,437Expenses 2021: $200,131Net Income 2021: $168,3062021Revenue 2022: $256,028Expenses 2022: $198,067Net Income 2022: $57,9612022Revenue 2023: $275,153Expenses 2023: $216,752Net Income 2023: $58,4012023Revenue 2024: $298,425Expenses 2024: $276,952Net Income 2024: $21,4732024

Highlighted filing

2018

Revenue$248,002
Expenses$166,742
Net Income$81,260
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 18, 2019
Return Version
2017v2.3
Gross Receipts
$939,979
Mission and Program Overview

Mission

To support charitable and educational programs and services benefiting the citizens of scarsdale, ny.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,281,538$2,413,036▲ $131,498
Savings and Temporary Cash Investments$113,494$122,975▲ $9,481
Cash and Non-Interest-Bearing Accounts$16,652$60,918▲ $44,266
Total Assets$2,413,184$2,599,164▲ $185,980
Other Assets Total$1,500$2,235▲ $735
Liabilities
Accounts Payable and Accrued Expenses$13,712$12,385▼ $1,327
Total Liabilities$13,712$12,385▼ $1,327
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,603,713$1,741,611▲ $137,898
Unrestricted Net Assets$695,759$745,168▲ $49,409
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$2,399,472$2,586,779▲ $187,307
Total Liabilities and Net Assets / Fund Balance$2,413,184$2,599,164▲ $185,980

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$100,000-▲ $8,640$8,640$100,000
2016$100,000-▲ $13,083$13,083$100,000
2015$100,000---$100,000
2014$100,000---$100,000
2013$100,000---$100,000
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Randy GuggenheimerPresident
Anne LyonsTrustee
David KarpTrustee
Michelle LichtenbergTrustee
Seth RossTrustee
Suzanne SeidenTrustee
Jane VeronSecretary
Thomas GiordanoTreasurer
B Kathleen MunguiaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$135,655
Program Service Revenue
$0
Investment Income
$107,986
Other Revenue
$4,361
All Other Contributions
$118,433
Change in Net Assets
$81,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,002
Revenue Not Reported on Form 990
$128,123
Total Revenue per Audited Statements
$376,125
Total Revenue per Form 990
$248,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$156,485
Other Expenses$10,257
Total Fundraising Expense$3,820
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$154,485--$154,485
Fees for Services Accounting-$4,592-$4,592
Other Expenses-$115$3,820$3,935
Grants to Domestic Orgs$2,000--$2,000
Office Expenses-$1,120-$1,120
Insurance-$500-$500
Information Technology-$110-$110
Total Functional Expenses$156,485$6,437$3,820$166,742

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$188,818
Expenses per Audited Statements$166,742
Total Expenses per Form 990$166,742
Expenses Not Reported on Form 990$22,076
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$23,917
Fundraising Direct Expenses$19,556
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scarsdale Bowl$41,139$23,917$1,280$22,637
Total Events$41,139$23,917$19,556$4,361
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
No
Other officer compensation reviewed
No
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

“Form 990 is prepared by an outside accounting firm and is submitted to the board for review. Any recommendations or changes are presented to the board for approval prior to submission.”

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

“The foundation currently has in place a conflict of interest policy. The board mandates that all members of the board annually sign the conflict of interest policy and disclose any potential or actual conflict that may exist. If a potentail or actual conflict exists, he or she shall leave the meeting during discussion of and vote on the transaction involving the conflict.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes its 990 available for public inspection on guidestar.org. The 990 and char500 are also available on charitiesnys.com. In addition, financial statements and policies of the foundation are available upon request.”

Filing and Contact Details

Filer

Filer Name
Scarsdale Foundation
EIN
13-6103826
Phone
9147231626
Address
PO BOX 542, SCARSDALE, NY 10583

Signing Officer

Name
Thomas Giordano
Title
Treasurer
Phone
9144727797
Signed
2019-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Giordano
Formed
1923
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
25

Preparer

Firm
Victor J Cannistra CPA Pc
Address
43 KENSICO DRIVE 2ND FLOOR, MOUNT KISCO, NY 10549-1009
Preparer
Victor J Cannistra CPA
Phone
9142413605
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Direct fundraising costs 19,556 direct fundraising costs -19,556”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Investment income is used to provide funding for scholarships & grants.”

Schedule D, Page 3, Part X

“The foundation has determined that there are no uncertain tax positions that require recognition or disclosure in the financial statements.”

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

“Direct fundraising costs 19,556”

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

“Direct fundraising costs 19,556”

Raw XML AppendixShowing 400 of 431 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INVESTMENT INCOME IS USED TO PROVIDE FUNDING FOR SCHOLARSHIPS & GRANTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING COSTS 19,556
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DIRECT FUNDRAISING COSTS 19,556
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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FAMILY ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SUMMER DAY CAMP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2VARIOUS AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt131
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt29
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt324
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt01. GRANTS FOR FAMILY ASSISTANCE BY SCARSDALE SCHOOL PERSONNEL & FINANCIAL ASSIST FUND MANAGEMENT ARE APPROVED BY THE BOARD. 2. SUMMER DAY CAMP APPLICATIONS ARE APPROVED BY BOARD AND FUNDS ARE DISTRIBUTED DIRECTLY TO THE VILLAGE OF SCARSDALE RECREATION DEPARTMENT. 3. VARIOUS OTHER AWARDS ARE APPROVED BY THE BOARD FOR SPECIFIC ACCOMPLISHMENTS. 4. STUDENTS ARE REQUIRED TO SUBMIT AN APPLICATION AND FINANCIAL DATA FOR CONSIDERATION OF A SCHOLARSHIP. STUDENTS APPROVED TO RECEIVE COLLEGE SCHOLARSHIPS NEED TO PROVIDE PROOF OF REGISTRATION PRIOR TO PAYMENT OF THE SCHOLARSHIP.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS SUBMITTED TO THE BOARD FOR REVIEW. ANY RECOMMENDATIONS OR CHANGES ARE PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY. THE BOARD MANDATES THAT ALL MEMBERS OF THE BOARD ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT THAT MAY EXIST. IF A POTENTAIL OR ACTUAL CONFLICT EXISTS, HE OR SHE SHALL LEAVE THE MEETING DURING DISCUSSION OF AND VOTE ON THE TRANSACTION INVOLVING THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.ORG. THE 990 AND CHAR500 ARE ALSO AVAILABLE ON CHARITIESNYS.COM. IN ADDITION, FINANCIAL STATEMENTS AND POLICIES OF THE FOUNDATION ARE AVAILABLE UPON REQUEST.
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,599,164
Liabilities
$12,385
Net assets
$2,586,779
Revenue
$248,002
Expenses
$166,742
Net income
$81,260
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.78$0.02$3.76$0.30$0.28$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.02$3.40$0.28$0.22$0.06
2022Detailed filing. Detailed filing data is available for this year.$3.12$0.03$3.09$0.26$0.20$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.65$0.02$3.64$0.37$0.20$0.17
2020Detailed filing. Detailed filing data is available for this year.$2.75$0.02$2.74$0.17$0.16$0.00
2019Detailed filing. Detailed filing data is available for this year.$2.69$0.01$2.67$0.16$0.18$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.60$0.01$2.59$0.25$0.17$0.08
2017Summary only. Only limited summary data is available for this year.$2.41$0.01$2.40$0.18$0.21$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.24$0.02$2.22$0.14$0.14$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.27$0.02$2.25$0.14$0.14$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.01$2.22$0.13$0.14$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.95$0.01$1.94$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.01$1.72$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.02$1.78$0.10