Civic Intelligence

Living Resources Foundation Inc.

990 • Fiscal year 2017 • EIN 14-1760827

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 20, 2018

300 Washington Ave ExtAlbany, NY 12203

(518) 218-0000

Siviq Scores

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

Liabilities / Assets

91st percentile

0.10x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

0.27x

Higher debt load relative to revenue than 92% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Net Margin

54th percentile

9.2%

Higher net margin than 54% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

99th percentile

$267,569

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 93.2% of source-year revenue.

2017 filings • NTEE T • $500k-$1M nonprofits • Source year 2017

Asset Growth

44th percentile

-0.3%

Faster asset growth than 44% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

77%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$783,602

Down $2,376 (-0.3%) from 2016

Net Assets

Up

$706,683

Up $117,218 (+20%) from 2016

Liabilities

Down

$76,919

Down $119,594 (-61%) from 2016

Revenue

Up

$287,109

Up $125,288 (+77%) from 2016

Expenses

Up

$260,815

Up $42,090 (+19%) from 2016

Net Income

Up

$26,294

Up $83,198 (+146%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $607,249Liabilities 2010: $74,415Net Assets 2010: $532,8342010Assets 2011: $703,730Liabilities 2011: $164,770Net Assets 2011: $538,9602011Assets 2012: $826,562Liabilities 2012: $214,226Net Assets 2012: $612,3362012Assets 2013: $922,001Liabilities 2013: $292,478Net Assets 2013: $629,5232013Assets 2014: $790,318Liabilities 2014: $134,168Net Assets 2014: $656,1502014Assets 2015: $761,110Liabilities 2015: $171,941Net Assets 2015: $589,1692015Assets 2016: $785,978Liabilities 2016: $196,513Net Assets 2016: $589,4652016Assets 2017: $783,602Liabilities 2017: $76,919Net Assets 2017: $706,6832017Assets 2018: $769,583Liabilities 2018: $61,725Net Assets 2018: $707,8582018Assets 2019: $894,927Liabilities 2019: $96,193Net Assets 2019: $798,7342019Assets 2020: $1,000,432Liabilities 2020: $134,059Net Assets 2020: $866,3732020Assets 2021: $1,109,880Liabilities 2021: $122,291Net Assets 2021: $987,5892021Assets 2022: $958,964Liabilities 2022: $60,450Net Assets 2022: $898,5142022Assets 2023: $1,094,268Liabilities 2023: $31,480Net Assets 2023: $1,062,7882023Assets 2024: $1,214,394Liabilities 2024: $33,983Net Assets 2024: $1,180,4112024

Highlighted filing

2017

Assets$783,602
Liabilities$76,919
Net Assets$706,683

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $198,753Expenses 2010: $177,863Net Income 2010: $20,8902010Expenses 2011: $241,8762011Expenses 2012: $245,0462012Expenses 2013: $243,8772013Revenue 2014: $223,908Expenses 2014: $206,399Net Income 2014: $17,5092014Revenue 2015: $310,982Expenses 2015: $259,058Net Income 2015: $51,9242015Revenue 2016: $161,821Expenses 2016: $218,725Net Income 2016: -$56,9042016Revenue 2017: $287,109Expenses 2017: $260,815Net Income 2017: $26,2942017Revenue 2018: $248,346Expenses 2018: $199,245Net Income 2018: $49,1012018Revenue 2019: $388,311Expenses 2019: $392,905Net Income 2019: -$4,5942019Revenue 2020: $251,447Expenses 2020: $258,883Net Income 2020: -$7,4362020Revenue 2021: $350,372Expenses 2021: $311,099Net Income 2021: $39,2732021Revenue 2022: $304,878Expenses 2022: $235,523Net Income 2022: $69,3552022Revenue 2023: $296,952Expenses 2023: $233,000Net Income 2023: $63,9522023Revenue 2024: $311,021Expenses 2024: $278,293Net Income 2024: $32,7282024

Highlighted filing

2017

Revenue$287,109
Expenses$260,815
Net Income$26,294
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 20, 2018
Return Version
2017v2.3
Gross Receipts
$287,109
Mission and Program Overview

Mission

SEE ATTACHED.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$711,881$734,756▲ $22,875
Cash and Non-Interest-Bearing Accounts$106,330$29,721▼ $76,609
Accounts Receivable-$15,000-
Savings and Temporary Cash Investments$37,411$4,125▼ $33,286
Prepaid Expenses and Deferred Charges$1,000--
Total Assets$856,622$783,602▼ $73,020
Liabilities
Accounts Payable and Accrued Expenses$206,792$76,919▼ $129,873
Total Liabilities$206,792$76,919▼ $129,873
Net Assets / Fund Balance
Unrestricted Net Assets$451,506$518,854▲ $67,348
Permanently Rstr Net Assets$136,018$136,018→ $0
Temporarily Rstr Net Assets$62,306$51,811▼ $10,495
Total Net Assets Fund Balance$649,830$706,683▲ $56,853
Total Liabilities and Net Assets / Fund Balance$856,622$783,602▼ $73,020

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$136,018----
2016$136,018----
2015$136,018----
2014$136,018----
2013$136,018----
Compensation and Service Providers

Employees

NameTitleOtherTotal
Fred ErlichLiving Resou$267,569$267,569

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$232,699
Program Service Revenue
$0
Investment Income
$54,410
Other Revenue
$0
All Other Contributions
$206,994
Change in Net Assets
$26,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$287,109
Revenue Not Reported on Form 990
$30,559
Total Revenue per Audited Statements
$317,668
Total Revenue per Form 990
$287,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$202,001
Other Expenses$58,814
Total Fundraising Expense$27,174
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$202,001--$202,001
Fees for Services Management-$17,336-$17,336
Fees for Services Other-$8,400-$8,400
Fees for Services Accounting-$5,904-$5,904
Advertising--$1,459$1,459
Other Expenses--$395$395
Total Functional Expenses$202,001$31,640$27,174$260,815

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$260,815
Total Expenses per Audited Statements$260,815
Total Expenses per Form 990$260,815
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Living Resources CorpAlbany, NY501c3Various$202,001
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$45,008$19,303-$19,303
Total Events$45,008$19,303-$19,303
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 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

A draft 990 is distributed for review by the board and/or a committee of the board.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Living Resources Foundation Inc
EIN
14-1760827
Phone
5182180000
Address
300 WASHINGTON AVE EXT, ALBANY, NY 12203

Signing Officer

Name
Fred Erlich
Title
Living Resources CEO
Phone
5182180000
Signed
2018-09-20

Organization Details

Principal Officer
Fred Erlich
Formed
1993
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
50

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
Kenneth B Claflin CPA
Phone
5187863550
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IRS990/Form990PartVIISectionAGrp/TitleTxt0LIVING RESOU
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt037701
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt025432
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06327
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt037701
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt025432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0195971
IRS990ScheduleA/InvestmentIncomeCYPct00.18000
IRS990ScheduleA/InvestmentIncomePYPct00.13000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0213224
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0190226
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0106303
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0211789
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0250925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0215658
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01102345
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0136018
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0136018
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0260815
IRS990ScheduleD/NetUnrealizedGainsInvstAmt030559
IRS990ScheduleD/RevenueNotReportedAmt030559
IRS990ScheduleD/RevenueSubtotalAmt0287109
IRS990ScheduleD/TotalExpensesPerForm990Amt0260815
IRS990ScheduleD/TotalRevenuePerForm990Amt0287109
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0317668
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0260815
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025705
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF EVENT
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019303
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IRS990ScheduleI/RecipientTable/CashGrantAmt0202001
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 WASHINGTON AVE EXT
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALBANY
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0232306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01722
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FRED ERLICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0LIVING RESOURCES CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0267569
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT 990 IS DISTRIBUTED FOR REVIEW BY THE BOARD AND/OR A COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVE
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0202001
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt117336
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LIVING RESOURCES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LIVING RESOURCES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.21$0.03$1.18$0.31$0.28$0.03
2023Summary only. Only limited summary data is available for this year.$1.09$0.03$1.06$0.30$0.23$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.06$0.90$0.30$0.24$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.12$0.99$0.35$0.31$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.13$0.87$0.25$0.26$0.01
2019Summary only. Only limited summary data is available for this year.$0.89$0.10$0.80$0.39$0.39$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.06$0.71$0.25$0.20$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.78$0.08$0.71$0.29$0.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.20$0.59$0.16$0.22$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.17$0.59$0.31$0.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.13$0.66$0.22$0.21$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.29$0.63$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.21$0.61$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.16$0.54$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.07$0.53$0.20$0.18$0.02