Civic Intelligence

The Kortney Rose Foundation Inc

990 • Fiscal year 2017 • EIN 20-5350807

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

41 Summerfield AveOceanport, NJ 07757

(732) 222-1491

Siviq Scores

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

Liabilities / Assets

87th percentile

0.36x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

63rd percentile

9.8%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$29,162

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

93rd percentile

126%

Faster asset growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

-4.7%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$37,001

Up $20,624 (+126%) from 2016

Net Assets

Up

$23,501

Up $7,124 (+44%) from 2016

Liabilities

Up

$13,500

Up $13,500 from 2016

Revenue

Down

$175,484

Down $8,627 (-4.7%) from 2016

Expenses

Down

$158,358

Down $23,010 (-13%) from 2016

Net Income

Up

$17,126

Up $14,383 (+524%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $21,649Liabilities 2011: $2492011Assets 2012: $24,529Liabilities 2012: $2492012Assets 2013: $33,660Liabilities 2013: $0Net Assets 2013: $33,6602013Assets 2014: $15,935Liabilities 2014: $0Net Assets 2014: $15,9352014Assets 2015: $13,633Liabilities 2015: $0Net Assets 2015: $13,6332015Assets 2016: $16,377Liabilities 2016: $0Net Assets 2016: $16,3772016Assets 2017: $37,001Liabilities 2017: $13,500Net Assets 2017: $23,5012017Assets 2018: $27,066Liabilities 2018: $0Net Assets 2018: $27,0662018Assets 2019: $17,584Liabilities 2019: $0Net Assets 2019: $17,5842019Assets 2020: $109,282Liabilities 2020: $0Net Assets 2020: $109,2822020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2017

Assets$37,001
Liabilities$13,500
Net Assets$23,501

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $146,831Expenses 2011: $148,203Net Income 2011: -$1,3722011Revenue 2012: $109,952Expenses 2012: $107,072Net Income 2012: $2,8802012Revenue 2013: $126,400Expenses 2013: $117,020Net Income 2013: $9,3802013Revenue 2014: $168,386Expenses 2014: $171,380Net Income 2014: -$2,9942014Revenue 2015: $270,415Expenses 2015: $272,717Net Income 2015: -$2,3022015Revenue 2016: $184,111Expenses 2016: $181,368Net Income 2016: $2,7432016Revenue 2017: $175,484Expenses 2017: $158,358Net Income 2017: $17,1262017Revenue 2018: $226,430Expenses 2018: $222,865Net Income 2018: $3,5652018Revenue 2019: $235,798Expenses 2019: $245,280Net Income 2019: -$9,4822019Revenue 2020: $245,278Expenses 2020: $153,580Net Income 2020: $91,6982020Revenue 2021: $166,880Expenses 2021: $276,162Net Income 2021: -$109,2822021

Highlighted filing

2017

Revenue$175,484
Expenses$158,358
Net Income$17,126
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$229,650
Mission and Program Overview

Mission

The Kortney Rose Foundation (KRF) is a 501(c)(3) organization that was set up by Kortney's mother as a way to help channel her grief into something positive. Her hopes are to make a difference, in Kortney's name, in the fight to find better treatments and ultimately a cure for pediatric brain tumors. Our fundraising efforts will directly benefit the pediatric brain tumor research being done at The Children's Hospital of Philadelphia (CHOP) .

To raise funds to support research and education related to the treatment and cure of pediatric brain tumors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,699$36,751▲ $21,052
Accounts Receivable$678--
Prepaid Expenses and Deferred Charges-$250-
Total Assets$16,377$37,001▲ $20,624
Liabilities
Deferred Revenue-$13,500-
Total Liabilities$0$13,500▲ $13,500
Net Assets / Fund Balance
Unrestricted Net Assets$16,377$23,501▲ $7,124
Total Net Assets Fund Balance$16,377$23,501▲ $7,124
Total Liabilities and Net Assets / Fund Balance$16,377$37,001▲ $20,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kristen GilletteExecutive DirectorFT$29,162$29,162

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$119,887
Program Service Revenue
$0
Investment Income
$20
Other Revenue
$55,577
All Other Contributions
$119,887
Change in Net Assets
$17,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$135,000
Other Expenses$14,934
Salaries, Compensation, and Employee Benefits$8,424
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$135,000--$135,000
Fees for Services Other$7,162$6,122-$13,284
Current Officers, Directors, Trustees, and Key Employees$3,791$3,791-$7,582
Fees for Services Accounting-$1,650-$1,650
Payroll Taxes$421$421-$842
Total Functional Expenses$146,374$11,984$0$158,358
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Childrens Hospital of PhiladelphiaPhiladelphia, PA-Grant to Be Used for Research Related to Cause and Treatment of Pediatric Brain Tumors$115,000
Hackensack University Medical Center FoundationHackensack, NJ-Grant to Be Used for Research Related to Cause and Treatment of Pediatric Brain Tumors$10,000
LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTHPalo Alto, CA-Grant to Be Used for Advancing Effective Combination Therapies for Dipg$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$109,743
Fundraising Direct Expenses$54,166
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Turning Point$57,069$57,069$5,461$51,608
KORTNEY'S CHALLENGE$34,474$34,474$19,238$15,236
Total Events$108,752$108,752$27,812$80,940
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, Part VI, Section A, Line 2

Kristen gillette - president and richard gillette are married

Form 990, Part VI, Section A, Line 7A

Kristen gillette (president) oversees the appointment of all members of the governing body

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

All members of the governing board are provided a copy of the completed 990 before filing.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, and financial statements are available to the public upon request

Filing and Contact Details

Filer

Filer Name
The Kortney Rose Foundation
EIN
20-5350807
Phone
7322221491
Address
41 SUMMERFIELD AVE, OCEANPORT, NJ 07757

Signing Officer

Name
Kristen Gillette
Title
President
Phone
7322221491
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Gillette
Formed
2006
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
0

Preparer

Firm
Lawson Rescinio Schibell & Assoc
Address
1806 HIGHWAY 35, OAKHURST, NJ 07755
Preparer
Michael a Rescinio CPA
Phone
7325318000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Adjustment for duplicate deposit entries from prior year -10,002.

Raw XML AppendixShowing 400 of 412 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/MissionDesc0THE KORTNEY ROSE FOUNDATION (KRF) IS A 501(C)(3) ORGANIZATION THAT WAS SET UP BY KORTNEY'S MOTHER AS A WAY TO HELP CHANNEL HER GRIEF INTO SOMETHING POSITIVE. HER HOPES ARE TO MAKE A DIFFERENCE, IN KORTNEY'S NAME, IN THE FIGHT TO FIND BETTER TREATMENTS AND ULTIMATELY A CURE FOR PEDIATRIC BRAIN TUMORS. OUR FUNDRAISING EFFORTS WILL DIRECTLY BENEFIT THE PEDIATRIC BRAIN TUMOR RESEARCH BEING DONE AT THE CHILDREN'S HOSPITAL OF PHILADELPHIA (CHOP) .
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027812
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0KORTNEY'S CHALLENGE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TURNING POINT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt034474
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt057069
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt017209
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0108752
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt034474
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt057069
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt017209
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0108752
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt080940
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03113
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027812
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt019238
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05461
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0115000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GRANT TO BE USED FOR RESEARCH RELATED TO CAUSE AND TREATMENT OF PEDIATRIC BRAIN TUMORS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GRANT TO BE USED FOR RESEARCH RELATED TO CAUSE AND TREATMENT OF PEDIATRIC BRAIN TUMORS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GRANT TO BE USED FOR ADVANCING EFFECTIVE COMBINATION THERAPIES FOR DIPG
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHILDRENS HOSPITAL OF PHILADELPHIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HACKENSACK UNIVERSITY MEDICAL CENTER FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LUCILE PACKARD FOUNDATION FOR CHILDREN'S HEALTH
IRS990ScheduleI/RecipientTable/RecipientEIN0232237932
IRS990ScheduleI/RecipientTable/RecipientEIN1222339534
IRS990ScheduleI/RecipientTable/RecipientEIN2770440090
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt034TH STREET AND CIVIC CENTER
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1360 ESSEX STREET SUITE 301
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2400 HAMILTON AVENUE SUITE 340
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1HACKENSACK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2PALO ALTO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0PA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0191044399
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1076018566
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd294301
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KRISTEN GILLETTE - PRESIDENT AND RICHARD GILLETTE ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KRISTEN GILLETTE (PRESIDENT) OVERSEES THE APPOINTMENT OF ALL MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE GOVERNING BOARD ARE PROVIDED A COPY OF THE COMPLETED 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ADJUSTMENT FOR DUPLICATE DEPOSIT ENTRIES FROM PRIOR YEAR -10,002.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016377
IRS990/TotalAssetsEOYAmt037001
IRS990/TotalAssetsGrp/BOYAmt016377
IRS990/TotalAssetsGrp/EOYAmt037001
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0119887
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0146374
IRS990/TotalFunctionalExpensesGrp/TotalAmt0158358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt013500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt013500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016377
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023501
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0146374
IRS990/TotalReportableCompFromOrgAmt029162
IRS990/TotalRevenueGrp/ExclusionAmt055597
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175484
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016377
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037001
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt016377
IRS990/UnrestrictedNetAssetsGrp/EOYAmt023501
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt041 SUMMERFIELD AVE
IRS990/USAddress/CityNm0OCEANPORT
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007757
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.KORTNEYROSEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN GILLETTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07322221491
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KORTNEY ROSE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KORT
ReturnHeader/Filer/EIN0205350807
ReturnHeader/Filer/PhoneNum07322221491
ReturnHeader/Filer/USAddress/AddressLine1Txt041 SUMMERFIELD AVE
ReturnHeader/Filer/USAddress/CityNm0OCEANPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007757
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02840D10288A9ACC7F4B0EA3DBC3B9560B5569FA8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.187.12.138
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:01:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223193482
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAWSON RESCINIO SCHIBELL & ASSOC

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