Civic Intelligence

Thanks USA

990 • Fiscal year 2017 • EIN 20-3973151

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

1390 Chain Bridge Road Suite 260Mclean, VA 22101

(703) 556-4259

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.16x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

51st percentile

3.4%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$237,400

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

68th percentile

10.0%

Faster asset growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.0%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,652,624

Up $150,023 (+10.0%) from 2016

Net Assets

Up

$1,346,013

Up $22,401 (+1.7%) from 2016

Liabilities

Up

$306,611

Up $127,622 (+71%) from 2016

Revenue

Up

$1,902,533

Up $73,313 (+4.0%) from 2016

Expenses

Up

$1,837,305

Up $246,935 (+16%) from 2016

Net Income

Down

$65,228

Down $173,622 (-73%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,438,959Liabilities 2010: $439,804Net Assets 2010: $999,1552010Assets 2011: $2,200,869Liabilities 2011: $536,398Net Assets 2011: $1,664,4712011Assets 2012: $1,987,877Liabilities 2012: $552,552Net Assets 2012: $1,435,3252012Assets 2013: $1,536,519Liabilities 2013: $486,351Net Assets 2013: $1,050,1682013Assets 2014: $1,522,142Liabilities 2014: $502,786Net Assets 2014: $1,019,3562014Assets 2015: $1,551,266Liabilities 2015: $459,090Net Assets 2015: $1,092,1762015Assets 2016: $1,502,601Liabilities 2016: $178,989Net Assets 2016: $1,323,6122016Assets 2017: $1,652,624Liabilities 2017: $306,611Net Assets 2017: $1,346,0132017Assets 2018: $1,161,903Liabilities 2018: $325,554Net Assets 2018: $836,3492018Assets 2019: $789,410Liabilities 2019: $621,682Net Assets 2019: $167,7282019

Highlighted filing

2017

Assets$1,652,624
Liabilities$306,611
Net Assets$1,346,013

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,422,8962010Expenses 2011: $1,697,9072011Expenses 2012: $1,648,9452012Revenue 2013: $1,111,291Expenses 2013: $1,500,017Net Income 2013: -$388,7262013Revenue 2014: $1,404,926Expenses 2014: $1,408,516Net Income 2014: -$3,5902014Revenue 2015: $1,512,670Expenses 2015: $1,424,920Net Income 2015: $87,7502015Revenue 2016: $1,829,220Expenses 2016: $1,590,370Net Income 2016: $238,8502016Revenue 2017: $1,902,533Expenses 2017: $1,837,305Net Income 2017: $65,2282017Revenue 2018: $1,246,362Expenses 2018: $1,661,364Net Income 2018: -$415,0022018Revenue 2019: $658,464Expenses 2019: $1,373,033Net Income 2019: -$714,5692019

Highlighted filing

2017

Revenue$1,902,533
Expenses$1,837,305
Net Income$65,228
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$2,098,358
Mission and Program Overview

Mission

Thanks u.s.a. Is a non-partisan, charitable effort to mobilize americans of all ages to "thank" the men and women of the united states armed forces. We do this by providing need-based college, technical, and vocational-school scholarships for their children and spouses.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$929,701$1,007,564▲ $77,863
Investments Other Securities$418,929$503,642▲ $84,713
Cash and Non-Interest-Bearing Accounts$90,199$90,797▲ $598
Prepaid Expenses and Deferred Charges$25,772$26,121▲ $349
Accounts Receivable$13,500$0▼ $13,500
Total Assets$1,502,601$1,652,624▲ $150,023
Other Assets Total$24,500$24,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$178,989$306,611▲ $127,622
Total Liabilities$178,989$306,611▲ $127,622
Net Assets / Fund Balance
Temporarily Rstr Net Assets$784,631$858,552▲ $73,921
Unrestricted Net Assets$538,981$487,461▼ $51,520
Total Net Assets Fund Balance$1,323,612$1,346,013▲ $22,401
Total Liabilities and Net Assets / Fund Balance$1,502,601$1,652,624▲ $150,023

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$503,642--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin SchmiegelPresidentFT$235,000$2,400$237,400
Michele StorkExecutive DirectorFT$133,390$2,400$135,790
Revenue and Support

Revenue Composition

Contributions and Grants
$1,990,694
Program Service Revenue
$0
Investment Income
$2,404
Other Revenue
$-90,565
All Other Contributions
$1,208,352
Change in Net Assets
$65,228

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$19,691Fair Market Value (FMV)
Other Non Cash Contri Table3$8,050Fair Market Value (FMV)
Other Non Cash Contri Table5$7,448Fair Market Value (FMV)
Other Non Cash Contri Table3$6,307Fair Market Value (FMV)
Other Non Cash Contri Table1$2,520Fair Market Value (FMV)
Other Non Cash Contri Table2$2,430-
Other Non Cash Contri Table1$1,575-
Total Noncash Contributions16$48,021-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,098,358
Revenue Not Reported on Financial Statements
$-195,825
Revenue Not Reported on Form 990
$490,615
Other Revenue Adjustments
$-195,825
Total Revenue per Audited Statements
$2,588,973
Total Revenue per Form 990
$1,902,533
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$890,960
Salaries, Compensation, and Employee Benefits$548,332
Other Expenses$398,013
Total Fundraising Expense$98,855
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$890,960--$890,960
Current Officers, Directors, Trustees, and Key Employees$278,130$38,273$52,397$368,800
Fees for Services Other$195,949$5,294$14,113$215,356
Other Salaries and Wages$102,286$14,076$19,269$135,631
Information Technology$27,026$6,279$287$33,592
Payroll Taxes$23,719$3,264$4,468$31,451
Travel$21,116$695$4,217$26,028
Fees for Services Accounting$3,514$22,160-$25,674
Office Expenses$16,281$6,155$778$23,214
Other Employee Benefits$9,389$1,292$1,769$12,450
Conferences and Meetings$7,423$752$313$8,488
Insurance-$5,758-$5,758
Other Expenses$2,790$3,615$1,244$3,615
Total Functional Expenses$1,603,117$135,333$98,855$1,837,305

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,566,572
Expenses per Audited Statements$2,033,130
Total Expenses per Form 990$1,837,305
Expenses Not Reported on Form 990$533,442
Expenses Not Reported on Financial Statements$-195,825
Other Expense Adjustments$-195,825
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$195,825
Fundraising Gross Income$105,260
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$534,319$46,240$39,352$6,888
J. Casey Golf$242,915$35,400$32,855$2,545
Total Events$886,282$105,260$195,825$-90,565
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
Yes
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, Part VI, Section A, Line 2

Board members honorable b. Robert okun and deanna tanner okun are husband and wife. Their daughters, rachel and kelsi okun, are also board members.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed in person with the president & ceo. Upon approval from the president & ceo, the 990 is emailed to the officers and board members for comments. Upon incorporating comments from the officers and board, the form 990 is filed.

Form 990, Part VI, Section B, Line 12C

The conflict of interest is a standing item on the board meeting agenda. It is reviewed twice a year with all members present.

Form 990, Part VI, Section B, Line 15A

The president & ceo consults with the officers of the board about the executive director's performance for the year. He also uses comparability data from public sources such as the nonprofit times and assesses the needs of the organization going forward for the ensuing 12 months and arrives at the proposed compensation package. The president & ceo of the organization has a contract which is approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Thanks USA
EIN
20-3973151
Phone
7035564259
Address
1390 CHAIN BRIDGE ROAD SUITE 260, MCLEAN, VA 22101

Signing Officer

Name
Jon Rosa
Title
President & CEO
Phone
2026436175
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Rosa
Formed
2005
Legal Domicile
Va
Voting Board Members
29
Independent Board Members
29
Employees
5
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Thanks u.s.a. Mobilizes americans of all ages to "thank" the men and women of the united states armed forces by providing financial need-based college, technical, and vocational school scholarships and pathways to meaningful employment for their spouses and college-aged children.

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Thanks u.s.a. Mobilizes americans of all ages to "thank" the men and women of the united states armed forces by providing financial need-based college, technical, and vocational school scholarships and pathways to meaningful employment for their spouses and college-aged children.

Form 990, Part IX, Line 11G

Professional fees: program service expenses 195,949. Management and general expenses 5,294. Fundraising expenses 14,113. Total expenses 215,356.

FORM 990, PART XI, LINE 9:

Loss on uncollectible pledges -55,000.

Financial Statement Notes

PART X, LINE 2:

Thanks u.s.a. Believes that it has appropriate support for any tax positions taken, and, as such, it does not have any uncertain tax positions that are material to the financial statements. Thanks u.s.a. Recognizes interest expense and penalties related to income taxes on uncertain tax positions in accounts payable and accrued expenses in the statements of financial position and general and administrative expenses on the statements of activities and change in net assets. There is no provision in these financial statements for penalties and interest related to income taxes on uncertain tax positions for the years ended december 31, 2017 and 2016. For tax years prior to 2014, thanks u.s.a. Is no longer subject to examination by the irs or the tax jurisdiction of the district of columbia.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expense -195,825.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Fundraising expense -195,825.

Form 990, Schedule D, Part III, Line 4

A treasure chest of civil war artifacts plus authentic coinage dating all the way back to the famous silver dollar; over 1,000 carats of genuine faceted gems (including ruby, amethyst, opal and turquoise); all birth stones represented; also luminous pearl strands, gold nuggets, coral carvings, coins retrieved from shipwrecks, diamond rings, emerald earrings, jade and coral pendants and pins, sapphire jewelry and much more. The treasure chest supports the thanks u.s.a. Scholarship program in that items are sometimes auctioned off at fundraisers and funds go towards the scholarship program.

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IRS990/Desc0SCHOLARSHIP PROGRAM - IN 2017, 315 SCHOLARSHIPS WERE AWARDED, BRINGING THE TOTAL SINCE 2006 TO MORE THAN 4,200 SCHOLARSHIPS VALUED AT MORE THAN $13 MILLION. RECIPIENTS COME FROM EACH OF THE 50 STATES AND THE DISTRICT OF COLUMBIA, AND REPRESENT ALL MILITARY BRANCHES INCLUDING THE GUARD AND RESERVES, WITH PREFERENCE GIVEN TO FAMILIES OF THE FALLEN AND WOUNDED. INCLUDED IN THE 315 SCHOLARSHIPS, ARE IN-KIND SCHOLARSHIPS RECEIVED AND AWARDED BY THANKS U.S.A. VALUED AT $434,070. IN 2017, THANKS U.S.A. LAUNCHED PATHWAYS FOR PATRIOTS, A PROGRAMMATIC EXPANSION THAT CONNECTS OUR SCHOLARSHIP APPLICANTS AND THE CORPORATE COMMUNITY TO HELP BRIDGE THE GAP BETWEEN EDUCATION AND MEANINGFUL EMPLOYMENT. WE DO THAT BY FACILITATING NETWORKING, MENTORING, AND INTERNSHIP OPPORTUNITIES BETWEEN OUR SCHOLARS AND SPONSORS.DURING 2017, AN EDUCATIONAL ORGANIZATION DONATED 9 SCHOLARSHIPS TO THANKS U.S.A., WHICH THANKS U.S.A. AWARDED TO SCHOLARSHIP APPLICANTS. IN ACCORDANCE WITH IRS FORM 990 GUIDELINES, DONATED SCHOLARSHIPS REPRESENT DONATED SERVICES AND ARE NOT REPORTED AS CONTRIBUTIONS NOR ARE THEY RECORDED AS GRANTS AND ASSISTANCE EXPENSES ON FORM 990.
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IRS990/Form990PartVIISectionAGrp/PersonNm1LILY BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm2RHETT BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm3GENERAL GEORGE W CASEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm4MAJOR GENERAL JACK CATTON
IRS990/Form990PartVIISectionAGrp/PersonNm5CAPT JOHN P COFFEY
IRS990/Form990PartVIISectionAGrp/PersonNm6ANDREW DON
IRS990/Form990PartVIISectionAGrp/PersonNm7LARRY DUNCAN
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IRS990/Form990PartVIISectionAGrp/PersonNm9ALEXANDER EHRLICH
IRS990/Form990PartVIISectionAGrp/PersonNm10FRANK FAHRENKOPF JR
IRS990/Form990PartVIISectionAGrp/PersonNm11TIMOTHY H GILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm12GENERAL JAMES L JONES
IRS990/Form990PartVIISectionAGrp/PersonNm13GARY M KITTAY
IRS990/Form990PartVIISectionAGrp/PersonNm14SUZIE KOVNER
IRS990/Form990PartVIISectionAGrp/PersonNm15LT GENERAL NORMAN LEZY
IRS990/Form990PartVIISectionAGrp/PersonNm16RADM TERRANCE E MCKNIGHT
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IRS990/Form990PartVIISectionAGrp/PersonNm18DEANNA TANNER OKUN
IRS990/Form990PartVIISectionAGrp/PersonNm19KELSI OKUN
IRS990/Form990PartVIISectionAGrp/PersonNm20RACHEL OKUN
IRS990/Form990PartVIISectionAGrp/PersonNm21RUSS OWEN
IRS990/Form990PartVIISectionAGrp/PersonNm22MAJOR GENERAL HAWTHORNE PROCTOR
IRS990/Form990PartVIISectionAGrp/PersonNm23WIN SHERIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm24PETER L THOREN
IRS990/Form990PartVIISectionAGrp/PersonNm25THE HONORABLE ZACH WAMP
IRS990/Form990PartVIISectionAGrp/PersonNm26PATRICIA ST GEORGE
IRS990/Form990PartVIISectionAGrp/PersonNm27CAROLYN FEREK
IRS990/Form990PartVIISectionAGrp/PersonNm28HONORABLE ROBERT D OKUN
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IRS990/Form990PartVIISectionAGrp/PersonNm30MICHELE STORK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR
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IRS990/FormationYr02005
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IRS990/FSAuditedInd01
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IRS990/OtherExpensesGrp/Desc0IN-KIND GOODS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022243
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IRS990/OtherExpensesGrp/ProgramServicesAmt024534
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04468
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03264

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