Civic Intelligence

Auburn Spirit Foundation for Scholarships

EIN 20-5633143 • 501(c)3

Profile

To provide support to auburn university, a land-grant institution of higher education, for student scholarships

317 South College Street36849-5170

auburnspiritfoundationforscholarships.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

1st percentile

-780%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $3,802,742 (-100%) from 2013

Liabilities

Down

$0

Down $1,744 (-100%) from 2013

Net Assets

Down

$0

Down $3,800,998 (-100%) from 2013

Revenue

Down

$487,617

Down $623,777 (-56%) from 2013

Expenses

Up

$4,288,615

Up $3,698,203 (+626%) from 2013

Net Income

Down

-$3,800,998

Down $4,321,980 (-830%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2011: $4,009,480Liabilities 2011: $1,048,964Net Assets 2011: $2,960,5162011Assets 2012: $3,412,797Liabilities 2012: $34,672Net Assets 2012: $3,378,1252012Assets 2013: $3,802,742Liabilities 2013: $1,744Net Assets 2013: $3,800,9982013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$5.0M$0-$5.0MRevenue 2011: $1,100,574Expenses 2011: $806,605Net Income 2011: $293,9692011Revenue 2012: $1,129,449Expenses 2012: $729,636Net Income 2012: $399,8132012Revenue 2013: $1,111,394Expenses 2013: $590,412Net Income 2013: $520,9822013Revenue 2014: $487,617Expenses 2014: $4,288,615Net Income 2014: -$3,800,9982014

Highlighted filing

2014

Revenue$487,617
Expenses$4,288,615
Net Income-$3,800,998

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Jun 26, 2014
Signed
Oct 23, 2014
Return Version
2013v3.0
Gross Receipts
$4,134,548
Mission and Program Overview

Mission

To provide support to auburn university, a land-grant institution of higher education, for student scholarships

To provide support to auburn university for student scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,646,931$0▼ $3,646,931
Savings and Temporary Cash Investments$117,540$0▼ $117,540
Accounts Receivable$20,127$0▼ $20,127
Cash and Non-Interest-Bearing Accounts-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,802,742$0▼ $3,802,742
Other Assets Total$18,144$0▼ $18,144
Liabilities
Accounts Payable and Accrued Expenses$1,744--
Total Liabilities$1,744$0▼ $1,744
Net Assets / Fund Balance
Unrestricted Net Assets$3,800,998$0▼ $3,800,998
Total Net Assets Fund Balance$3,800,998$0▼ $3,800,998
Total Liabilities and Net Assets / Fund Balance$3,802,742$0▼ $3,802,742
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sylvia Y HugginsAssistant Treasurer$145,832$145,832
Mark R ThomsonVice President, Treasurer$137,848$137,848
Jean M BumgardnerAssistant Treasurer$134,328$134,328
Wanda SperowSecretary$82,690$82,690

Board Members and Trustees

NameTitle
Jon G WaggonerCounsel to President
Jane Difolco ParkerPresident
Carolyn ReedDirector
George a SmithDirector
Randy J HamDirector
C Wayne AldermanDean, Enrollment Management
Dennis McginnisFormer
Jeffrey P McneillFormer
Robert W Wellbaum IiiFormer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$437,870
Investment Income
$49,747
Other Revenue
$0
Change in Net Assets
$-3,800,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,262,207
Other Expenses$26,408
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,262,207--$4,262,207
Fees for Services Management-$15,129-$15,129
Fees for Services Accounting-$5,500-$5,500
Fees for Services Legal-$2,604-$2,604
Insurance-$2,238-$2,238
Other Expenses-$878-$878
Office Expenses-$59-$59
Total Functional Expenses$4,262,207$26,408$0$4,288,615
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
63-0000724-115Scholarships$1,079,850
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
Annual disclosure for covered persons
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, Part VI, Section A, Line 7A

Three of the five members of the board of directors are appointed by the board of trustees of auburn university and its president.

Form 990, Part VI, Section A, Line 8B

The spirit foundation does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

After the board of directors resolved to dissolve the spirit foundation, its directors were released from service and not available to review the return.

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

A "conflict of interest and self-dealing statement" is presented to all new members and annually to returning board memebers by policy. The statement includes the policy and an affirmation section that documents any potential conflict and is signed by each board member. This signed statement is collected by the board's secretary and the results are reported to the chair of the board for any necessary follow-up.

Form 990, Part VI, Section C, Line 19

Auburn spirit foundation for scholarships makes its determination letter available on its web site at www.auburnspiritfoundationforscholarships.org. Other documents available to the public can be obtained upon written request to the secretary of the board.

Filing and Contact Details

Filer

EIN
20-5633143
Phone
3348441128

Signing Officer

Name
Jane Difolco Parker
Title
President
Phone
3348441128
Signed
2014-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Difolco Parker
Formed
2006
Legal Domicile
Al
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
20

Preparer

Preparer
Tatia W Knight CPA
Phone
3342712200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to the impending dissolution of the spirit foundation, the marketing program was abandoned.

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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/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3800998
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0117540
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CertificationInd0X
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IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0630000724
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc0115
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt04262207
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10AUBURN UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt04262207
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01079850
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt03182357
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0SECURITIES, RECEIVABLES, AND PAYABLES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10AUBURN UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0630000724
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10107 SAMFORD HALL
IRS990ScheduleI/RecipientTable/USAddress/City0AUBURN
IRS990ScheduleI/RecipientTable/USAddress/State0AL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode036849
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEE, AUBURN UNIVERSITY, IS A SECTION 115 ENTITY. ITS MAJOR FUNDING SOURCE IS STATE APPROPRIATIONS. AS A STATE AGENCY, DISBURSEMENTS ARE GOVERNED BY THE STATE OF ALABAMA LAW AND SUBJECT TO PUBLIC DISCLOSURE. THEREFORE, THE AUBURN SPIRIT FOUNDATION FOR SCHOLARSHIPS HAS ACCESS TO ITS FINANCIAL RECORDS. GRANTS DESIGNATED FOR A SPECIFIC PURPOSE ARE CREDITED TO A FUND ESTABLISHED SPECIFICALLY FOR THAT PURPOSE. THE UNIVERSITY'S PAYMENT SERVICES DEPARTMENT ENSURES COMPLIANCE WITH THE FUND'S RESTRICTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

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