Civic Intelligence

Liberty Foundation Inc.

990 • Fiscal year 2013 • EIN 14-1759246

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 05, 2014

43 Liberty DriveSuite12010-0639

(518) 842-5080

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

12th percentile

0.03x

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

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

73rd percentile

$257,823

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 33.0% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

9th percentile

-28%

Faster revenue growth than 9% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Assets

Up

$20,912,744

Up $2,598,766 (+14%) from 2012

Net Assets

Up

$20,892,809

Up $2,782,873 (+15%) from 2012

Liabilities

Down

$19,935

Down $184,107 (-90%) from 2012

Revenue

Down

$782,425

Down $303,275 (-28%) from 2012

Expenses

Down

$176,682

Down $208,570 (-54%) from 2012

Net Income

Down

$605,743

Down $94,705 (-14%) from 2012

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $15,773,227Liabilities 2010: $8,190Net Assets 2010: $15,765,0372010Assets 2011: $16,349,508Liabilities 2011: $76,059Net Assets 2011: $16,273,4492011Assets 2012: $18,313,978Liabilities 2012: $204,042Net Assets 2012: $18,109,9362012Assets 2013: $20,912,744Liabilities 2013: $19,935Net Assets 2013: $20,892,8092013Assets 2014: $22,904,483Liabilities 2014: $22,346Net Assets 2014: $22,882,1372014Assets 2015: $22,945,633Liabilities 2015: $26,013Net Assets 2015: $22,919,6202015Assets 2016: $24,667,762Liabilities 2016: $21,220Net Assets 2016: $24,646,5422016Assets 2017: $27,983,890Liabilities 2017: $124,498Net Assets 2017: $27,859,3922017Assets 2018: $27,204,209Liabilities 2018: $267,004Net Assets 2018: $26,937,2052018Assets 2019: $31,214,157Liabilities 2019: $232,228Net Assets 2019: $30,981,9292019Assets 2020: $35,709,391Liabilities 2020: $11,963Net Assets 2020: $35,697,4282020Assets 2021: $41,905,032Liabilities 2021: $8,837Net Assets 2021: $41,896,1952021Assets 2022: $34,489,715Liabilities 2022: $11,899Net Assets 2022: $34,477,8162022Assets 2023: $41,047,662Liabilities 2023: $39,555Net Assets 2023: $41,008,1072023Assets 2024: $46,230,760Liabilities 2024: $51,288Net Assets 2024: $46,179,4722024

Highlighted filing

2013

Assets$20,912,744
Liabilities$19,935
Net Assets$20,892,809

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $166,0042010Expenses 2011: $174,9232011Revenue 2012: $1,085,700Expenses 2012: $385,252Net Income 2012: $700,4482012Revenue 2013: $782,425Expenses 2013: $176,682Net Income 2013: $605,7432013Revenue 2014: $1,005,909Expenses 2014: $195,535Net Income 2014: $810,3742014Revenue 2015: $622,329Expenses 2015: $219,934Net Income 2015: $402,3952015Revenue 2016: $759,289Expenses 2016: $248,088Net Income 2016: $511,2012016Revenue 2017: $773,744Expenses 2017: $250,446Net Income 2017: $523,2982017Revenue 2018: $847,623Expenses 2018: $267,798Net Income 2018: $579,8252018Revenue 2019: $1,285,395Expenses 2019: $1,558,906Net Income 2019: -$273,5112019Revenue 2020: $608,237Expenses 2020: $234,699Net Income 2020: $373,5382020Revenue 2021: $889,258Expenses 2021: $295,630Net Income 2021: $593,6282021Revenue 2022: $475,806Expenses 2022: $208,396Net Income 2022: $267,4102022Revenue 2023: $959,667Expenses 2023: $335,140Net Income 2023: $624,5272023Revenue 2024: $1,511,686Expenses 2024: $2,017,793Net Income 2024: -$506,1072024

Highlighted filing

2013

Revenue$782,425
Expenses$176,682
Net Income$605,743
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 5, 2014
Return Version
2013v3.1
Gross Receipts
$1,378,431
Mission and Program Overview

Mission

Liberty foundation, inc. Publicly solicits & receives funds for charitable purposes, primarily for the benefit of people with developmental disabilities. The contributions received help underwrite the cost of services that are not traditionally supported through publicly funded programs. These services are focused on individuals with developmental disabilities living in the community with their family. The programs give individuals opportunities to participate in stimulating, community based activities while offering families solutions for care and peace-of-mind.

Liberty foundation, inc publicly solicits & receives funds for charitable purposes, primarily for the benefit of the developmentally disabled in montgomery county in new york state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,540,463$20,124,770▲ $3,584,307
Land, Buildings, and Equipment, Net$556,744$536,859▼ $19,885
Cash and Non-Interest-Bearing Accounts$307,973$135,084▼ $172,889
Accounts Receivable$69,960$74,802▲ $4,842
Savings and Temporary Cash Investments$806,290$27,374▼ $778,916
Pledges and Grants Receivable$32,548$13,371▼ $19,177
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$18,313,978$20,912,744▲ $2,598,766
Other Assets Total$0$484▲ $484
Liabilities
Other Liabilities$194,590$10,511▼ $184,079
Accounts Payable and Accrued Expenses$9,452$9,424▼ $28
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$204,042$19,935▼ $184,107
Net Assets / Fund Balance
Unrestricted Net Assets$18,109,936$20,892,809▲ $2,782,873
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$18,109,936$20,892,809▲ $2,782,873
Total Liabilities and Net Assets / Fund Balance$18,313,978$20,912,744▲ $2,598,766

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$536,859$61,377$598,236
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$106,451
Program Service Revenue
$0
Investment Income
$656,088
Other Revenue
$19,886
All Other Contributions
$54,975
Change in Net Assets
$605,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$751,360
Revenue Not Reported on Financial Statements
$31,065
Revenue Not Reported on Form 990
$2,177,130
Total Revenue per Audited Statements
$2,928,490
Total Revenue per Form 990
$782,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$87,299
Grants and Similar Amounts Paid$45,000
Salaries, Compensation, and Employee Benefits$43,258
Total Fundraising Expense$7,784
Professional Fundraising Fees$1,125

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,000--$45,000
Other Salaries and Wages-$31,553$1,158$32,711
Fees for Service Investment Mgmnt Fees-$31,065-$31,065
Depreciation Depletion-$19,885-$19,885
Fees for Services Management-$10,839-$10,839
Fees for Services Accounting-$8,496-$8,496
Office Expenses-$5,860-$5,860
Pension Plan Contributions-$4,692$172$4,864
Occupancy-$4,188-$4,188
Payroll Taxes-$3,740$137$3,877
Other Employee Benefits-$1,742$64$1,806
Other Expenses--$1,352$1,352
Fees for Services Other-$1,238-$1,238
Fees for Services Professional Fundraising--$1,125$1,125
Fees for Services Legal-$600-$600
Total Functional Expenses$45,000$123,898$7,784$176,682

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$176,682
Expenses per Audited Statements$145,617
Total Expenses per Audited Statements$145,617
Expenses Not Reported on Financial Statements$31,065
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
14-1506257-501(c)(3)community$45,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,288
Fundraising Gross Income$34,288
Professional Fundraising Fees$1,125

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$27,270$19,628$19,628$0
Event 1$57,983$14,660$14,660$0
Total Events$85,764$34,288$34,288-
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$10,511
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11B:

Form 990 is prepared by the CPA firm that conducted an audit of the reporting organization's financial statements. Draft Form 990 is reviewed by the organization's finance department and distributed to the Board of Directors for an opportunity to review and provide feedback prior to filing with IRS.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest disclosures are updated annually and are summarized and shared with all board members so all are aware of each others potential conflicts. On occasion of new board members added the organization does an updated communication about their disclosures also. The organization also enforce this policy through their initial corporate compliance training with all board members, where the policy is reviewed, mostly on a one on one basis, trainer to board member, and complete the disclosure form face to face at that training. The board members receive a compliance packet of key information, and have their own copy of that policy in the packet to keep for their records. Recusing of the member with a conflict is included in that training.

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

The organization does not compensate any officers or key employees.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
14-1759246
In Care Of
% JENNIFER SAUNDERS
Phone
5188425080

Signing Officer

Name
Jennifer Saunders
Title
CEO
Phone
5189543223
Signed
2014-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Saunders
Formed
1992
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
8

Preparer

Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A & PART IX, LINE 7:

Salaries and wages expenses reported in part ix, line 7, represent internally allocated amounts by a related 501(c)(3) organization, nysarc, inc. - montgomery county chapter. These employees are directly employed by the related organization and spent approximately 25% of their time on roles related to liberty foundation, inc.

Financial Statement Notes

PART X, LINE 2:

Under ASC 740, "Income Taxes", an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Liberty Foundation, Inc. does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2013, there were no interest or penalties recorded or included in the statement of activities. The organization is subject to routine audits by a taxing authority. As of December 31, 2013, the organization was not subject to any examination by a taxing authority. Management believes it is no longer subject to income tax examination for the years prior to 2010.

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IRS990/MissionDesc0LIBERTY FOUNDATION, INC. PUBLICLY SOLICITS AND RECEIVES FUNDS FOR CHARITABLE PURPOSES, PRIMARILY FOR THE BENEFIT OF PEOPLE WITH DEVELOPMENTAL DISABILITIES. THE CONTRIBUTIONS RECEIVED HELP UNDERWRITE THE COST OF SERVICES THAT ARE NOT TRADITIONALLY SUPPORTED THROUGH PUBLICLY FUNDED PROGRAMS. THESE SERVICES ARE FOCUSED ON INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES LIVING IN THE COMMUNITY WITH THEIR FAMILY. THE PROGRAMS GIVE INDIVIDUALS OPPORTUNITIES TO PARTICIPATE IN STIMULATING, COMMUNITY BASED ACTIVITIES WHILE OFFERING FAMILIES SOLUTIONS FOR CARE AND PEACE-OF-MIND.
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IRS990/Organization501c3Ind0X
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IRS990/PrincipalOfficerNm0JENNIFER SAUNDERS
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IRS990/RentalIncomeOrLossGrp/RealAmt019886
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Under ASC 740, "Income Taxes", an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Liberty Foundation, Inc. does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. The organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the organization has filed Internal Revenue Service Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2013, there were no interest or penalties recorded or included in the statement of activities. The organization is subject to routine audits by a taxing authority. As of December 31, 2013, the organization was not subject to any examination by a taxing authority. Management believes it is no longer subject to income tax examination for the years prior to 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$46.2$0.05$46.2$1.51$2.02$0.51
2023Detailed filing. Detailed filing data is available for this year.$41.0$0.04$41.0$0.96$0.34$0.62
2022Detailed filing. Detailed filing data is available for this year.$34.5$0.01$34.5$0.48$0.21$0.27
2021Detailed filing. Detailed filing data is available for this year.$41.9$0.01$41.9$0.89$0.30$0.59
2020Detailed filing. Detailed filing data is available for this year.$35.7$0.01$35.7$0.61$0.23$0.37
2019Detailed filing. Detailed filing data is available for this year.$31.2$0.23$31.0$1.29$1.56$0.27
2018Detailed filing. Detailed filing data is available for this year.$27.2$0.27$26.9$0.85$0.27$0.58
2017Detailed filing. Detailed filing data is available for this year.$28.0$0.12$27.9$0.77$0.25$0.52
2016Detailed filing. Detailed filing data is available for this year.$24.7$0.02$24.6$0.76$0.25$0.51
2015Detailed filing. Detailed filing data is available for this year.$22.9$0.03$22.9$0.62$0.22$0.40
2014Detailed filing. Detailed filing data is available for this year.$22.9$0.02$22.9$1.01$0.20$0.81
2013Detailed filing. Detailed filing data is available for this year.$20.9$0.02$20.9$0.78$0.18$0.61
2012Summary only. Only limited summary data is available for this year.$18.3$0.20$18.1$1.09$0.39$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.08$16.3$0.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.8$0.01$15.8$0.17