Civic Intelligence

Royal Service Children Foundation

990 • Fiscal year 2019 • EIN 20-2700877

Jan 01, 2019 to Dec 31, 2019 • Filed on May 26, 2020

Organization ProfileN/A
401 North Wabash AveChicago, IL 60611

(847) 651-8168

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

5th percentile

-99%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

12th percentile

-39%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

239%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$4,640

Down $3,024 (-39%) from 2018

Net Assets

Down

$4,640

Down $3,024 (-39%) from 2018

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin5th percentile

Revenue

Up

$3,050

Up $2,150 (+239%) from 2018

Expenses

Up

$6,074

Up $5,393 (+792%) from 2018

Net Income

Down

-$3,024

Down $3,243 (-1481%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$150K$100K$50K$0Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $12,246Net Assets 2013: $84,7712013Assets 2014: $17,403Net Assets 2014: $52,4032014Assets 2015: $130,186Net Assets 2015: $130,1862015Assets 2016: $36,277Net Assets 2016: $36,2772016Assets 2017: $29,195Net Assets 2017: $29,1952017Assets 2018: $7,664Net Assets 2018: $7,6642018Assets 2019: $4,640Liabilities 2019: $0Net Assets 2019: $4,6402019Assets 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$4,640
Liabilities$0
Net Assets$4,640
Open 2019 Filing

Operations Trend

Revenue Growth97th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $96,845Expenses 2013: $12,074Net Income 2013: $84,7712013Revenue 2014: $42,283Expenses 2014: $2,126Net Income 2014: $40,1572014Revenue 2015: $160,616Expenses 2015: $47,833Net Income 2015: $112,7832015Revenue 2016: $45,697Expenses 2016: $11,606Net Income 2016: $34,0912016Revenue 2017: $3,740Expenses 2017: $1,322Net Income 2017: $2,4182017Revenue 2018: $900Expenses 2018: $681Net Income 2018: $2192018Revenue 2019: $3,050Expenses 2019: $6,074Net Income 2019: -$3,0242019Revenue 2020: $02020

Highlighted filing

2019

Revenue$3,050
Expenses$6,074
Net Income-$3,024
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 26, 2020
Return Version
2019v5.0
Gross Receipts
$3,050
Mission and Program Overview

Mission

The cutting edge foundation provides for funding of surgical procedures and surgical research to advance the art of surgery for the purpose of treating those with physical deformities, medical and surgical diseases, but limited financial means of obtaining such care. The funding is provided to hospitals and medical centers recognized for their expertise in treating medical and surgical diseases, emphasis on research, as well as commitment to treating those with limited financial means.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,664$4,640▼ $3,024
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,664$4,640▼ $3,024
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,664$4,640▼ $3,024
Total Net Assets Fund Balance$7,664$4,640▼ $3,024
Total Liabilities and Net Assets / Fund Balance$7,664$4,640▼ $3,024
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Iliana SweisPresident
Sara MartensVice President
Margie TellerSecretary
Steven GrantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,050
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,050
Change in Net Assets
$-3,024
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,000
Other Expenses$1,074
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Accounting-$550-$550
Office Expenses-$524-$524
Total Functional Expenses$5,000$1,074$0$6,074
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Part VI, Line 11B: Form 990 Review Process

“The form 990 will be reviewed by all board members prior to filing”

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

“The application and return will be available upon request”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
The Cutting Edge Foundation
EIN
20-2700877
Phone
8476518168
Address
401 NORTH WABASH AVE, CHICAGO, IL 60611

Signing Officer

Name
Iliana Sweis
Title
President
Signed
2020-05-26
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Peter Shannon & Co
Address
6412 Joliet Road Suite 1, Countryside, IL 60525
Preparer
Tara A Skole
Phone
7084823000
Raw XML Appendix336 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07664
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04640
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0401 NORTH WABASH AVE 44A
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060611
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ILIANA SWEIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CUTTING EDGE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0CUTT
ReturnHeader/Filer/EIN0202700877
ReturnHeader/Filer/PhoneNum08476518168
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 NORTH WABASH AVE
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060611
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363952019
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Peter Shannon & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06412 Joliet Road Suite 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Countryside
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060525
ReturnHeader/PreparerPersonGrp/PhoneNum07084823000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tara A Skole
ReturnHeader/ReturnTs02020-05-26T08:20:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,640
Liabilities
$0
Net assets
$4,640
Revenue
$3,050
Expenses
$6,074
Net income
-$3,024
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.03$0.06$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.01$0.01$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.29$0.04$0.01$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.36$0.46$0.12$0.34
2015Detailed filing. Detailed filing data is available for this year.$1.30$1.30$1.61$0.48$1.13
2014Detailed filing. Detailed filing data is available for this year.$0.17$0.52$0.42$0.02$0.40
2013Detailed filing. Detailed filing data is available for this year.$0.12$0.85$0.97$0.12$0.85
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00