Civic Intelligence

Fts Foundation Inc

990 • Fiscal year 2015 • EIN 20-5859793

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 10, 2016

3298 Summit Blvd Suite 29Pensacola, FL 32503

(850) 291-6277

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$1,076,891

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 81336.2% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

94th percentile

112%

Faster revenue growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$524,302

Up $1,324 (+0.3%) from 2014

Net Assets

Up

$524,302

Up $1,324 (+0.3%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$1,324

Up $700 (+112%) from 2014

Expenses

Flat

$0

Flat from 2014

Net Income

Up

$1,324

Up $700 (+112%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $519,707Liabilities 2010: $0Net Assets 2010: $519,7072010Assets 2011: $520,904Liabilities 2011: $0Net Assets 2011: $520,9042011Assets 2012: $521,686Liabilities 2012: $0Net Assets 2012: $521,6862012Assets 2013: $522,354Liabilities 2013: $0Net Assets 2013: $522,3542013Assets 2014: $522,978Liabilities 2014: $0Net Assets 2014: $522,9782014Assets 2015: $524,302Liabilities 2015: $0Net Assets 2015: $524,3022015Assets 2016: $499,673Liabilities 2016: $0Net Assets 2016: $499,6732016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2015

Assets$524,302
Liabilities$0
Net Assets$524,302

Operations Trend

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

$40K$20K$0-$20K-$40KRevenue 2010: $1,483Expenses 2010: $0Net Income 2010: $1,4832010Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: $668Expenses 2013: $0Net Income 2013: $6682013Revenue 2014: $624Expenses 2014: $0Net Income 2014: $6242014Revenue 2015: $1,324Expenses 2015: $0Net Income 2015: $1,3242015Revenue 2016: $861Expenses 2016: $25,490Net Income 2016: -$24,6292016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2015

Revenue$1,324
Expenses$0
Net Income$1,324
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,324
Mission and Program Overview

Mission

Organized for the benefit of, and to carry out the purposes of florida tissue services, inc., a 501(c)(3) exempt organization and its parent company, lifenet health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$497,578$498,802▲ $1,224
Accounts Receivable$25,400$25,500▲ $100
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$522,978$524,302▲ $1,324
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$522,978$524,302▲ $1,324
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$522,978$524,302▲ $1,324
Total Liabilities and Net Assets / Fund Balance$522,978$524,302▲ $1,324
Compensation and Service Providers

Employees

NameTitleOtherTotal
John Herre MdDirector & Chairman Parent Co.$21,000$21,000
Dr Gerald BowersDirector & V. Chair Parent Co.$11,490$11,490

Board Members and Trustees

NameTitle
Rony ThomasChair/Director & CEO Parent Co
Doug WilsonDirector & Exec. VP Parent Co.
Gordon BerkstresserSec/treasurer & CFO Parent Co.

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$0
Investment Income
$1,224
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$1,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 10A

Local chapters & affiliates fts foundation has no local chapters, branches, or affiliates. Form 990, part vi, line 11b 990 review the company contracts with an independent accountant to complete the 990. The 990 is reviewed by the cfo, head accountant for the sole member and the independent accountants. The 990 is approved by the chariman of the board of directors as proxy for the full board. Distribution of the 990 is transmitted to the full board for final review prior to filing.

Form 990, Part VI, Line 12

Conflict of interest policy the company has a conflict of interest policy (ga-120-011) designed to protect the company's interest when it is entering or contemplating entry into a transaction that might benefit the interest of its members. The policy covers all interested persons who are defined as any principal officer, board member, employee and their immediate family, and third parties that are involved in the decision making process and has a direct or indirect financial interest. Upon commencement and annually thereafter, all employees must complete a "conflict of interest questionnaireupdate whenever employee affiliations change. After disclosure of the financial interest, the compliance officer will investigate and determine the final actions necessary to address the conflict.

Form 990, Part VI, Line 13

Whistleblower policy the company has a whistleblower policy (ga-120-012) designed to promote and enable employees to raise issues internally before seeking resolution outside of the organization.

Form 990, Part VI, Line 15A & B

Compensation the company does not compensate its officers, key employees, and management. These officers are compensated by a related organization, lifenet health, inc.

Form 990, Part VI, Line 19

Public disclosure of financial statements, etc. The company does not make its audited financial statements, conflict of interest policy or governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
FTS Foundation Inc
EIN
20-5859793
In Care Of
% GORDON BERKSTRESSER
Phone
8502916277
Address
3298 Summit Blvd Suite 29, PENSACOLA, FL 32503

Signing Officer

Name
Gordon Berkstresser
Title
CFO
Phone
8502916277
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rony Thomas
Formed
2006
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
1676 International Drive Ste 1200, McLean, VA 22102
Preparer
Raymond Ly
Phone
7032868000
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE EXPENSES INCURRED BY FTS FOUNDATION, INC. THAT ARE REPORTED ON FORM 990, PART IX WERE EXPENDED TO PROVIDE SUPPORT TO ITS SUPPORTED ORGANIZATION, LIFENET HEALTH, INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1FLORIDA TISSUE SERVICES, INC. WAS LISTED AS THE SUPPORTED ORGANIZATION IN THE GOVERNING DOCUMENTS. LIFENET HEALTH, INC., THE PARENT ORGANIZATION OF FLORIDA TISSUE SERVICES, INC. AND FTS FOUNDATION, INC. IS NOT LISTED EXPLICITLY IN THE FTS FOUNDATION, INC. GOVERNING DOCUMENTS, BUT IS A MEMBER OF THE SAME CHARITABLE CLASS. FTS FOUNDATION, INC. FURTHERS THE CHARITABLE PURPOSE OF LIFENET HEALTH, INC. THROUGH PROMOTING THE PUBLIC HEALTH AND WELL-BEING OF NORTHWEST FLORIDA AND THE SURROUNDING REGION AND ASSISTING IN THE ORGANIZATION, FACILITATION, AND MANAGEMENT OF THE DONATION AND RECOVERY PROCESSES OF TISSUES FOR TRANSPLANT AND OTHER MEDICAL USES. SCHEDULE A, PART IV, SECTION A, LINE 2 ONE OF THE SUPPORTED ORGANIZATIONS OF FTS FOUNDATION, INC., FLORIDA TISSUE SERVICES, INC., IS A PRIVATE FOUNDATION. HOWEVER, ALTHOUGH FLORIDA TISSUE SERVICES, INC. IS LISTED IN THE ORGANIZING DOCUMENTS OF FTS FOUNDATION, FTS FOUNDATION, INC. DOES NOT DIRECTLY PROVIDE SUPPORT TO FLORIDA TISSUE SERVICES, INC. LIFENET HEALTH, INC., THE PARENT OF FLORIDA TISSUE SERVICES, INC. AND FTS FOUNDATION, INC. IS EXEMPT UNDER SECTION 509(A)(2). THE ACTIVITIES CONDUCTED BY FTS FOUNDATION, INC. ULTIMATELY SUPPORT LIFENET HEALTH, INC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2LIFENET HEALTH, INC. CONTROLLED THE SUPPORTING ORGANIZATION THROUGH ITS ABILITY TO REGULARLY APPOINT AT LEAST A MAJORITY OF THE ORGANIZATION'S DIRECTORS AT ALL TIMES DURING THE TAX YEAR. HOWEVER, FLORIDA TISSUE SERVICES, INC. WAS LISTED AS THE SUPPORTED ORGANIZATION OF FTS FOUNDATION, INC. IN ITS GOVERNING DOCUMENTS. LIFENET HEALTH, INC. WAS THE PARENT TO BOTH FLORIDA TISSUE SERVICES, INC. AND FTS FOUNDATION, INC. SO ANY BENEFIT FLORIDA TISSUE SERVICES, INC. RECEIVED FROM FTS FOUNDATION, INC. WAS INCIDENTAL THROUGH ITS RELATIONSHIP TO LIFENET HEALTH, INC.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE A, PART IV, SECTION B, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RONY THOMAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GORDON BERKSTRESSER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DOUG WILSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chair/Director & CEO Parent Co
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SEC/TREASURER & CFO PARENT CO.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR & EXEC. VP PARENT CO.
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING INDIVIDUALS PARTICIPATED IN A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN 2015: RONY THOMAS $100,000 GORDON BERKSTRESSER $25,000 DOUG WILSON $25,000
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 4B
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LOCAL CHAPTERS & AFFILIATES FTS FOUNDATION HAS NO LOCAL CHAPTERS, BRANCHES, OR AFFILIATES. FORM 990, PART VI, LINE 11B 990 REVIEW THE COMPANY CONTRACTS WITH AN INDEPENDENT ACCOUNTANT TO COMPLETE THE 990. THE 990 IS REVIEWED BY THE CFO, HEAD ACCOUNTANT FOR THE SOLE MEMBER AND THE INDEPENDENT ACCOUNTANTS. THE 990 IS APPROVED BY THE CHARIMAN OF THE BOARD OF DIRECTORS AS PROXY FOR THE FULL BOARD. DISTRIBUTION OF THE 990 IS TRANSMITTED TO THE FULL BOARD FOR FINAL REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY THE COMPANY HAS A CONFLICT OF INTEREST POLICY (GA-120-011) DESIGNED TO PROTECT THE COMPANY'S INTEREST WHEN IT IS ENTERING OR CONTEMPLATING ENTRY INTO A TRANSACTION THAT MIGHT BENEFIT THE INTEREST OF ITS MEMBERS. THE POLICY COVERS ALL INTERESTED PERSONS WHO ARE DEFINED AS ANY PRINCIPAL OFFICER, BOARD MEMBER, EMPLOYEE AND THEIR IMMEDIATE FAMILY, AND THIRD PARTIES THAT ARE INVOLVED IN THE DECISION MAKING PROCESS AND HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. UPON COMMENCEMENT AND ANNUALLY THEREAFTER, ALL EMPLOYEES MUST COMPLETE A "CONFLICT OF INTEREST QUESTIONNAIREUPDATE WHENEVER EMPLOYEE AFFILIATIONS CHANGE. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE COMPLIANCE OFFICER WILL INVESTIGATE AND DETERMINE THE FINAL ACTIONS NECESSARY TO ADDRESS THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHISTLEBLOWER POLICY THE COMPANY HAS A WHISTLEBLOWER POLICY (GA-120-012) DESIGNED TO PROMOTE AND ENABLE EMPLOYEES TO RAISE ISSUES INTERNALLY BEFORE SEEKING RESOLUTION OUTSIDE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION THE COMPANY DOES NOT COMPENSATE ITS OFFICERS, KEY EMPLOYEES, AND MANAGEMENT. THESE OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION, LIFENET HEALTH, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PUBLIC DISCLOSURE OF FINANCIAL STATEMENTS, ETC. THE COMPANY DOES NOT MAKE ITS AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 10A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 15A & B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Florida Tissue Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Lifenet Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2Lifenet Health
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3Lifenet Health of Canada
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Tissue Servic
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Donor Educati
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ORGAN TRANSPL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3Tissue Servic
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