Civic Intelligence

Somerset Collection Charitable Foundation

990 • Fiscal year 2013 • EIN 20-0669940

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

2800 West Big Beaver RoadRoom/Suite 30048084

(248) 643-6360

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

1st percentile

-287%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

2nd percentile

-48%

Faster asset growth than 2% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

1st percentile

-87%

Faster revenue growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Down

$205,270

Down $185,959 (-48%) from 2012

Net Assets

Down

$205,270

Down $185,959 (-48%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

Down

$64,750

Down $434,179 (-87%) from 2012

Expenses

Down

$250,709

Down $241,348 (-49%) from 2012

Net Income

Down

-$185,959

Down $192,831 (-2806%) from 2012

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: $1,045,356Liabilities 2010: $53,245Net Assets 2010: $992,1112010Assets 2011: $384,357Liabilities 2011: $0Net Assets 2011: $384,3572011Assets 2012: $391,229Liabilities 2012: $0Net Assets 2012: $391,2292012Assets 2013: $205,270Liabilities 2013: $0Net Assets 2013: $205,2702013Assets 2014: $346,229Liabilities 2014: $0Net Assets 2014: $346,2292014Assets 2015: $258,010Liabilities 2015: $0Net Assets 2015: $258,0102015Assets 2016: $292,052Liabilities 2016: $0Net Assets 2016: $292,0522016Assets 2017: $291,009Liabilities 2017: $0Net Assets 2017: $291,0092017Assets 2018: $259,918Liabilities 2018: $0Net Assets 2018: $259,9182018Assets 2019: $273,980Liabilities 2019: $0Net Assets 2019: $273,9802019Assets 2020: $298,297Liabilities 2020: $0Net Assets 2020: $298,2972020Assets 2021: $442,727Liabilities 2021: $0Net Assets 2021: $442,7272021Assets 2022: $554,357Liabilities 2022: $0Net Assets 2022: $554,3572022Assets 2023: $375,200Liabilities 2023: $0Net Assets 2023: $375,2002023Assets 2024: $646,911Liabilities 2024: $0Net Assets 2024: $646,9112024

Highlighted filing

2013

Assets$205,270
Liabilities$0
Net Assets$205,270

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $43,4222010Expenses 2011: $813,2632011Revenue 2012: $498,929Expenses 2012: $492,057Net Income 2012: $6,8722012Revenue 2013: $64,750Expenses 2013: $250,709Net Income 2013: -$185,9592013Revenue 2014: $349,880Expenses 2014: $208,921Net Income 2014: $140,9592014Revenue 2015: $178,638Expenses 2015: $266,857Net Income 2015: -$88,2192015Revenue 2016: $274,781Expenses 2016: $240,739Net Income 2016: $34,0422016Revenue 2017: $191,670Expenses 2017: $192,713Net Income 2017: -$1,0432017Revenue 2018: $149,353Expenses 2018: $180,444Net Income 2018: -$31,0912018Revenue 2019: $176,425Expenses 2019: $162,363Net Income 2019: $14,0622019Revenue 2020: $123,171Expenses 2020: $98,854Net Income 2020: $24,3172020Revenue 2021: $362,973Expenses 2021: $218,543Net Income 2021: $144,4302021Revenue 2022: $337,320Expenses 2022: $225,690Net Income 2022: $111,6302022Revenue 2023: $110,913Expenses 2023: $290,070Net Income 2023: -$179,1572023Revenue 2024: $492,096Expenses 2024: $220,385Net Income 2024: $271,7112024

Highlighted filing

2013

Revenue$64,750
Expenses$250,709
Net Income-$185,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$1,475,235
Mission and Program Overview

Mission

The organization will undertake numerous activities to raise funds in order to distribute the net proceeds to other tax-exempt organizations, primarily in the state of michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$391,229$205,270▼ $185,959
Total Assets$391,229$205,270▼ $185,959
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$391,229$205,270▼ $185,959
Total Net Assets Fund Balance$391,229$205,270▼ $185,959
Total Liabilities and Net Assets / Fund Balance$391,229$205,270▼ $185,959
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nathan ForbesPresident
Sidney ForbesDirector
John MyszakAss. Vice Pr
Linda McintoshAss. Vice Pr
Timothy S BlairSecretary/tr
Jason OlekszykVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$64,750
Change in Net Assets
$-185,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$247,042
Other Expenses$3,667
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$247,042--$247,042
Office Expenses-$3,667-$3,667
Total Functional Expenses$247,042$3,667$0$250,709
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
---Donation$52,459
---Donations$31,596
---Donation$23,330
---Donation$20,000
---Donation$20,000
---Donation$18,308
---Donation$13,973
---Donation$13,521
---Donation$13,391
---Donation$10,372
---Donation$8,988
---Donation$8,006
---Donation$6,678
---Donation$6,420
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

EIN
20-0669940
Phone
2486436360

Signing Officer

Name
Linda Mcintosh
Title
Ass. Vice President
Phone
2486436360
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathan Forbes
Formed
2004
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Preparer
David R Lenz CPA
Phone
5616273408
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Expenses to perform, maintain, and manage events

Raw XML Appendix371 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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IRS990/LoanOutstandingInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12COLLEGE FOR CREATIVE STUDIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine13DETRIOT SYMPHONY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine14DETROIT HISTORICAL SOCIETY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine15DETROIT INSTITUTE OF ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine16GROVES HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine17JUNIOR ACHIEVEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine18MOTOWN MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine19PEWABIC POTTERY ART INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine110SAY DETROIT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine111THE HENRY FORD MUSEUM
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine104100 JOHN R
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11120 WALL STREET 16TH FLOOR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine12201 E KIRBY STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine133711 WOODWARD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine145401 WOODWARD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine155200 WOODWARD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1620500 WEST THIRTEEN MILE ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine17577 E LARNED
IRS990ScheduleI/RecipientTable/USAddress/AddressLine182648 W GRAND BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1910125 E JEFFERSON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine110150 STINSON STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine11120900 OAKWOOD BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1121500 E MEDICAL CENTER DRIVE
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IRS990ScheduleI/RecipientTable/USAddress/City0DETROIT
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IRS990ScheduleI/RecipientTable/USAddress/City2DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City3DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City4DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City5DETROIT
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IRS990ScheduleI/RecipientTable/USAddress/City7DETROIT
IRS990ScheduleI/RecipientTable/USAddress/City8DETROIT
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IRS990ScheduleI/RecipientTable/USAddress/State13MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode048201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1100053904
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode248202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode348201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode448202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode548202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode648025
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode748226
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode848208
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode948214
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1048201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1148121
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1248109
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode1348201
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES TO PERFORM, MAINTAIN, AND MANAGE EVENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0391229
IRS990/TotalAssetsEOYAmt0205270
IRS990/TotalAssetsGrp/BOYAmt0391229
IRS990/TotalAssetsGrp/EOYAmt0205270
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03667
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0247042
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250709
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0391229
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0205270
IRS990/TotalProgramServiceExpensesAmt0247042
IRS990/TotalRevenueGrp/ExclusionAmt064750
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064750
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0391229
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0205270
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0391229
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0205270
IRS990/USAddress/AddressLine10100 GALLERIA OFFICENTRE SUITE 427
IRS990/USAddress/City0SOUTHFIELD
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048034
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA MCINTOSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASS. VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02486436360
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10SOMERSET COLLECTION CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine20FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0200669940
ReturnHeader/Filer/PhoneNum02486436360
ReturnHeader/Filer/USAddress/AddressLine102800 WEST BIG BEAVER ROAD
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 300
ReturnHeader/Filer/USAddress/City0TROY
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048084
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10DAVID R LENZ CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine109121 N MILITARY TRL STE 222
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PALM BEACH GARDENS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0334105988
ReturnHeader/PreparerPersonGrp/PhoneNum05616273408
ReturnHeader/PreparerPersonGrp/PreparationDt02014-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R LENZ CPA
ReturnHeader/ReturnTs02014-05-13T14:49:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.49$0.22$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.11$0.29$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.34$0.23$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.36$0.22$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.12$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.18$0.16$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.15$0.18$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.19$0.19$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.27$0.24$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.18$0.27$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.35$0.21$0.14
2013Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.06$0.25$0.19
2012Summary only. Only limited summary data is available for this year.$0.39$0.00$0.39$0.50$0.49$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.00$0.38$0.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.05$0.99$0.04