Civic Intelligence

Living Resources Foundation Inc.

990 • Fiscal year 2018 • EIN 14-1760827

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 14, 2019

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

92nd percentile

0.08x

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

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

0.25x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Net Margin

67th percentile

20%

Higher net margin than 67% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

100th percentile

$273,262

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 110.0% of source-year revenue.

2018 filings • NTEE T • $500k-$1M nonprofits • Source year 2018

Asset Growth

45th percentile

-1.8%

Faster asset growth than 45% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

36th percentile

-14%

Faster revenue growth than 36% of similar nonprofits.

2018 filings • NTEE T • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$769,583

Down $14,019 (-1.8%) from 2017

Net Assets

Up

$707,858

Up $1,175 (+0.2%) from 2017

Liabilities

Down

$61,725

Down $15,194 (-20%) from 2017

Revenue

Down

$248,346

Down $38,763 (-14%) from 2017

Expenses

Down

$199,245

Down $61,570 (-24%) from 2017

Net Income

Up

$49,101

Up $22,807 (+87%) from 2017

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

2018

Assets$769,583
Liabilities$61,725
Net Assets$707,858

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

2018

Revenue$248,346
Expenses$199,245
Net Income$49,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 14, 2019
Return Version
2018v3.1
Gross Receipts
$338,605
Mission and Program Overview

Mission

SEE ATTACHED.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$734,756$716,926▼ $17,830
Cash and Non-Interest-Bearing Accounts$29,721$48,535▲ $18,814
Savings and Temporary Cash Investments$4,125--
Accounts Receivable$15,000$4,122▼ $10,878
Total Assets$783,602$769,583▼ $14,019
Liabilities
Accounts Payable and Accrued Expenses$76,919$61,725▼ $15,194
Total Liabilities$76,919$61,725▼ $15,194
Net Assets / Fund Balance
Unrestricted Net Assets$518,854$524,057▲ $5,203
Permanently Rstr Net Assets$136,018$136,018→ $0
Temporarily Rstr Net Assets$51,811$47,783▼ $4,028
Total Net Assets Fund Balance$706,683$707,858▲ $1,175
Total Liabilities and Net Assets / Fund Balance$783,602$769,583▼ $14,019

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$136,018----
2017$136,018----
2016$136,018----
2015$136,018----
2014$136,018----
Compensation and Service Providers

Employees

NameTitleOtherTotal
Fred ErlichLiving Resou$273,262$273,262

Board Members and Trustees

NameTitle
Maggie Kirwin Ed DPresident
Angelo DounoucosDirector
Gayla RiccardiDirector
Jill Braverman-panzaDirector
Joel SpiroDirector
John CraigDirector
John EdwardsDirector
Marguerite G LodicoDirector
Michael D StyglesDirector
Robert LazarDirector
Scott JoralemonDirector
Vladia BoniewskiDirector
Fred ErlichLiving Resources CEO
Stephen ObermayerSecretary
Shawn VianaTreasurer
Michael QuarantaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$217,991
Program Service Revenue
$0
Investment Income
$30,355
Other Revenue
$0
All Other Contributions
$136,776
Change in Net Assets
$49,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,346
Revenue Not Reported on Form 990
$-47,926
Total Revenue per Audited Statements
$200,420
Total Revenue per Form 990
$248,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$124,091
Other Expenses$75,154
Total Fundraising Expense$8,501
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$124,091--$124,091
Fees for Services Management-$52,982-$52,982
Fees for Services Other-$8,985-$8,985
Fees for Services Accounting-$4,686-$4,686
Other Expenses--$882$882
All Other Expenses--$852$852
Advertising--$305$305
Total Functional Expenses$124,091$66,653$8,501$199,245

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$199,245
Total Expenses per Audited Statements$199,245
Total Expenses per Form 990$199,245
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Living Resources CorpAlbany, NY501c3Various$124,091
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,298
Fundraising Gross Income$28,298
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$52,914$18,709$2,597$16,112
Arts Event$56,599$9,589$3,179$6,410
Total Events$109,513$28,298$28,298-
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

Governing documents are available to the public upon request.

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
2019-06-14

Organization Details

Principal Officer
Fred Erlich
Formed
1993
Voting Board Members
15
Independent Board Members
15
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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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0213224
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0136018
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0136018
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0199245
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IRS990ScheduleD/RevenueNotReportedAmt0-47926
IRS990ScheduleD/RevenueSubtotalAmt0248346
IRS990ScheduleD/TotalExpensesPerForm990Amt0199245
IRS990ScheduleD/TotalRevenuePerForm990Amt0248346
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0200420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0199245
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt081215
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt034205
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt028298
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt052914
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt016112
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 WASHINGTON AVE EXT
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALBANY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt016426
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IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT 990 IS DISTRIBUTED FOR REVIEW BY THE BOARD AND/OR A COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY

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
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.71$0.25$0.20$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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