Civic Intelligence

Heart and Sole Inc.

990EZ • Fiscal year 2016 • EIN 20-5640556

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 29, 2017

PO Box 10092Augusta, GA 30904

(706) 869-2254

Siviq Scores

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

Liabilities / Assets

75th percentile

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

10th percentile

-39%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

79th percentile

$10,020

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 16.7% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

8th percentile

-54%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$19,924

Down $23,579 (-54%) from 2015

Net Assets

Down

$18,430

Down $23,554 (-56%) from 2015

Liabilities

Down

$1,494

Down $25 (-1.6%) from 2015

Revenue

Up

$60,139

Up $9,776 (+19%) from 2015

Expenses

Up

$83,611

Up $45,053 (+117%) from 2015

Net Income

Down

-$23,472

Down $35,277 (-299%) from 2015

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $19,726Liabilities 2011: $8,6312011Assets 2012: $41,379Liabilities 2012: $4,0372012Assets 2013: $48,179Liabilities 2013: $1,3802013Assets 2014: $31,780Liabilities 2014: $1,601Net Assets 2014: $30,1792014Assets 2015: $43,503Liabilities 2015: $1,519Net Assets 2015: $41,9842015Assets 2016: $19,924Liabilities 2016: $1,494Net Assets 2016: $18,4302016Assets 2017: $54,478Liabilities 2017: $1,5762017Assets 2018: $89,185Liabilities 2018: $1,521Net Assets 2018: $87,6642018Assets 2019: $99,010Liabilities 2019: $1,606Net Assets 2019: $97,4042019Assets 2020: $115,857Liabilities 2020: $1,265Net Assets 2020: $114,5922020Assets 2021: $156,147Liabilities 2021: $1,2652021Assets 2022: $180,296Net Assets 2022: $180,2962022Assets 2023: $144,108Net Assets 2023: $144,1082023

Highlighted filing

2016

Assets$19,924
Liabilities$1,494
Net Assets$18,430

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $60,293Expenses 2011: $55,212Net Income 2011: $5,0812011Revenue 2012: $62,099Expenses 2012: $35,852Net Income 2012: $26,2472012Revenue 2013: $64,065Expenses 2013: $54,608Net Income 2013: $9,4572013Revenue 2014: $47,732Expenses 2014: $64,352Net Income 2014: -$16,6202014Revenue 2015: $50,363Expenses 2015: $38,558Net Income 2015: $11,8052015Revenue 2016: $60,139Expenses 2016: $83,611Net Income 2016: -$23,4722016Revenue 2017: $59,574Expenses 2017: $25,102Net Income 2017: $34,4722017Revenue 2018: $62,422Expenses 2018: $27,660Net Income 2018: $34,7622018Revenue 2019: $61,402Expenses 2019: $51,662Net Income 2019: $9,7402019Revenue 2020: $64,655Expenses 2020: $47,467Net Income 2020: $17,1882020Revenue 2021: $60,749Expenses 2021: $20,459Net Income 2021: $40,2902021Revenue 2022: $73,504Expenses 2022: $48,090Net Income 2022: $25,4142022Revenue 2023: $44,412Expenses 2023: $80,600Net Income 2023: -$36,1882023

Highlighted filing

2016

Revenue$60,139
Expenses$83,611
Net Income-$23,472
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 29, 2017
Return Version
2015v3.0
Gross Receipts
$87,103
Mission and Program Overview

Mission

Heart & sole inc was formed and founded for the sole purpose of helping children with special heart conditions by raising funds to contribute to the cause of helping to find new ways to treat and correct heart conditions in children. The organization holds several events each year to raise funds and awareness relating to heart conditions in children to accomplish it's goal. The funds raised each year are donated to the nicu department at augusta university's children's hospital of georgia in augusta, georgia.

Heart & sole inc was formed and founded for the sole purpose of helping children with special heart conditions by raising funds to contribute to the cause of helping to find new ways to treat and correct heart conditions in children. The organization holds several events each year to raise funds and awareness relating to heart conditions in children to accomplish it's goal. The funds raised each year are donated to the nicu department at the children's medical center at georgia health sciences university in augusta, georgia.

Program Services

DescriptionGrantsExpenses
DURING THE FYE 9/30/16 HEART & SOLE INC RAISED FUNDS THROUGH THE UNDERTAKING OF A RUN/WALK EVENT HELD BY THE ORGANIZATION DIRECTLY. BY HOLDING THE 5K WALK/RUN THE ORGANIZATION WAS ABLE TO COVER ALL RELATED COSTS ASSOCIATED WITH THE EVENTS AND PROVIDE A DONATION OF 62000 TO GEORGIA HEALTH SCIENCES UNIVERSITY ACCOMPLISHING IT'S GOAL OF CONTRIBUTING TO THE RESEARCH, TREATMENT, AND CARE OF CHILDREN'S HEART CONDITIONS.$62,000$62,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STACEY GARNERPresidentPT$10,020-$10,020
KIMBERLY TROTTERSecretary/Tr-$6,680-$6,680
BEN MCELREATHVice Preside-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Run/walk & E$87,103$30,755$26,964$3,791
Total Events$87,103$30,755$26,964$3,791
Filing and Contact Details

Filer

Filer Name
Heart & Sole Inc
EIN
20-5640556
Phone
7068692254
Address
PO BOX 10092, AUGUSTA, GA 30904

Signing Officer

Name
Stacey Garner
Title
President
Phone
7068692254
Signed
2017-08-29
Discuss with paid preparer
Yes

Preparer

Firm
Harkrider & Demyan LLC
Address
823 RUSSELL ST, AUGUSTA, GA 30904-4216
Preparer
John W Demyan Jr
Phone
7067335449
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Georgia health sciences 11/01/2015 georgia health sciences 1120 15th st 15,000 0 1120 15th st 0 augusta, ga 30912 georgia health sciences 09/01/2015 1120 15th st augusta, ga 30912 47,000 0 0

Form 990-ez, Part I, Line 16

Expenses postage 197 genreal operting 1,859 license 100 computer services 153 organizational meetings 104 insurance 1,620 total 4,033

Form 990-ez, Part II, Line 24

Computer equipment 1,969 1,969 less accumulated depreciation 1,969 1,969 total 0 0

Form 990-ez, Part II, Line 26

Payroll taxes payable 1,601 1,494

Form 990-ez, Part III

Heart & sole inc was formed and founded for the sole purpose of helping children with special heart conditions by raising funds to contribute to the cause of helping to find new ways to treat and correct heart conditions in children. The organization holds several events each year to raise funds and awareness relating to heart conditions in children to accomplish it's goal. The funds raised each year are donated to the nicu department at the children's medical center at georgia health sciences university in augusta, georgia.

Form 990-ez, Part III, Line 28

During the fye 9/30/16 heart & sole inc raised funds through the undertaking of a run/walk event held by the organization directly. By holding the 5k walk/run the organization was able to cover all related costs associated with the events and provide a donation of 62000 to georgia health sciences university accomplishing it's goal of contributing to the research, treatment, and care of children's heart conditions.

Raw XML Appendix158 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/ExplanationTxt0GEORGIA HEALTH SCIENCES 11/01/2015 GEORGIA HEALTH SCIENCES 1120 15TH ST 15,000 0 1120 15TH ST 0 AUGUSTA, GA 30912 GEORGIA HEALTH SCIENCES 09/01/2015 1120 15TH ST AUGUSTA, GA 30912 47,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES POSTAGE 197 GENREAL OPERTING 1,859 LICENSE 100 COMPUTER SERVICES 153 ORGANIZATIONAL MEETINGS 104 INSURANCE 1,620 TOTAL 4,033
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPUTER EQUIPMENT 1,969 1,969 LESS ACCUMULATED DEPRECIATION 1,969 1,969 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL TAXES PAYABLE 1,601 1,494
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HEART & SOLE INC WAS FORMED AND FOUNDED FOR THE SOLE PURPOSE OF HELPING CHILDREN WITH SPECIAL HEART CONDITIONS BY RAISING FUNDS TO CONTRIBUTE TO THE CAUSE OF HELPING TO FIND NEW WAYS TO TREAT AND CORRECT HEART CONDITIONS IN CHILDREN. THE ORGANIZATION HOLDS SEVERAL EVENTS EACH YEAR TO RAISE FUNDS AND AWARENESS RELATING TO HEART CONDITIONS IN CHILDREN TO ACCOMPLISH IT'S GOAL. THE FUNDS RAISED EACH YEAR ARE DONATED TO THE NICU DEPARTMENT AT THE CHILDREN'S MEDICAL CENTER AT GEORGIA HEALTH SCIENCES UNIVERSITY IN AUGUSTA, GEORGIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE FYE 9/30/16 HEART & SOLE INC RAISED FUNDS THROUGH THE UNDERTAKING OF A RUN/WALK EVENT HELD BY THE ORGANIZATION DIRECTLY. BY HOLDING THE 5K WALK/RUN THE ORGANIZATION WAS ABLE TO COVER ALL RELATED COSTS ASSOCIATED WITH THE EVENTS AND PROVIDE A DONATION OF 62000 TO GEORGIA HEALTH SCIENCES UNIVERSITY ACCOMPLISHING IT'S GOAL OF CONTRIBUTING TO THE RESEARCH, TREATMENT, AND CARE OF CHILDREN'S HEART CONDITIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/TaxYr02015

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