Civic Intelligence

Soar of Racine Inc

EIN 20-8232825 • 501(c)3 • Racine, WI

Profile

Soar is a charitable, nonprofit organization committed to eliminating the academic achievement gap among children from families with limited financial resources. Soar works with families, private schools and regional partners to lead students to high school graduation and to higher education or sustainable careers.

PO Box 1782Racine, WI 53401-1782

n/A

Siviq Scores

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

Liabilities / Assets

86th percentile

0.36x

Higher debt load relative to assets than 86% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

61st percentile

8.3%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

96th percentile

$64,927

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 53.9% of source-year revenue.

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

Asset Growth

89th percentile

68%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

47th percentile

-4.6%

Faster revenue growth than 47% of similar nonprofits.

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

Assets

Up

$44,012

Up $17,875 (+68%) from 2015

Liabilities

Up

$15,995

Up $7,836 (+96%) from 2015

Net Assets

Up

$28,017

Up $10,039 (+56%) from 2015

Revenue

Down

$120,369

Down $5,753 (-4.6%) from 2015

Expenses

Down

$110,330

Down $13,556 (-11%) from 2015

Net Income

Up

$10,039

Up $7,803 (+349%) from 2015

Trend Graphs

Balance Sheet Trend

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

$80K$60K$40K$20K$0-$20KAssets 2011: $37,565Liabilities 2011: $43,277Net Assets 2011: -$5,7122011Assets 2012: $63,362Liabilities 2012: $35,577Net Assets 2012: $27,7852012Assets 2013: $62,814Liabilities 2013: $18,837Net Assets 2013: $43,9772013Assets 2014: $60,888Liabilities 2014: $45,146Net Assets 2014: $15,7422014Assets 2015: $26,137Liabilities 2015: $8,159Net Assets 2015: $17,9782015Assets 2016: $44,012Liabilities 2016: $15,995Net Assets 2016: $28,0172016

Highlighted filing

2016

Assets$44,012
Liabilities$15,995
Net Assets$28,017

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $91,794Expenses 2011: $108,154Net Income 2011: -$16,3602011Revenue 2012: $175,470Expenses 2012: $141,973Net Income 2012: $33,4972012Revenue 2013: $133,147Expenses 2013: $116,955Net Income 2013: $16,1922013Revenue 2014: $113,478Expenses 2014: $141,713Net Income 2014: -$28,2352014Revenue 2015: $126,122Expenses 2015: $123,886Net Income 2015: $2,2362015Revenue 2016: $120,369Expenses 2016: $110,330Net Income 2016: $10,0392016

Highlighted filing

2016

Revenue$120,369
Expenses$110,330
Net Income$10,039

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 7, 2016
Return Version
2015v2.1
Gross Receipts
$120,369
Mission and Program Overview

Mission

Soar is a charitable, nonprofit organization committed to eliminating the academic achievement gap among children from families with limited financial resources. Soar works with families, private schools and regional partners to lead students to high school graduation and to higher education or sustainable careers.

Program Services

DescriptionGrantsExpenses
SOAR ASSISTED FIVE SCHOOLS AND MORE THAN 500 FAMILIES IN APPLYING FOR THE WISCONSIN PARENTAL PRIVATE SCHOOL CHOICE PROGRAM. IN ADDITION, SOAR SUPPORTED ABOUT A HALF DOZEN STUDENTS ON SCHOLARSHIP IN ELEMENTARY AND HIGH SCHOOL. SOAR PROVIDED GROUP HOMEWORK ENRICHMENT AND ONE-ON-ONE MENTORING TO MORE THAN 160 STUDENTS AT EIGHT SITES DURING THE 2013-14 ACADEMIC YEAR. WE HOSTED A BACK-TO-SCHOOL PROFESSIONAL DEVELOPMENT ONE DAY CONFERENCE FOR 150 TEACHERS AND SOCIAL WORKERS FROM 10 DIFFERENT SCHOOLS AND ORGANIZATIONS BEFORE THE START OF THE 2013-14 SCHOOL YEAR.-$75,567
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAURA SUMNER COONExecutive DiFT$64,927-$64,927
ANGELA BARTZENSecretary-Tr-$0--
MARGARET COYLE-REESPresident-$0--
NANCY WILLINGDirector-$0--
ELIZABETH MOSBYVice Preside-$0--
SUE WEISKOFFDirector-$0--
JOHN SUMMERSDirector-$0--
SHEILA SMITHDirector-$0--
RYAN TURNERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Soar of Racine Inc
EIN
20-8232825
Phone
2624989425
Address
PO BOX 1782, RACINE, WI 53401-1782

Signing Officer

Name
Laura Sumner Coon
Title
Executive Director
Phone
2624989425
Signed
2016-10-07
Discuss with paid preparer
Yes

Preparer

Firm
Mcmahon - Veltus Sc
Address
7033 WASHINGTON AVE STE 103, RACINE, WI 53406-6524
Preparer
Gregory J Veltus Racine
Phone
2628863536
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous 538 total 538

Form 990-ez, Part I, Line 16

Expenses 575 6,302 2,837 3,484 fund development 92 organizational expenses 235 program expenses 3,889 membership dues & subscri 536 staff dvlpmnt & educ trng 194 telephone 3,692 payroll service 549 miscellaneous 2,243 scholarship payments 2,500 non-investment depreciation 209 total 27,337

Form 990-ez, Part II, Line 24

Pledges receivable 900 800 accounts receivable 11,812 42,250 prepaid expenses and deferred charges 996 576 furniture & equipment 2,465 2,465 less accumulated depreciation 1,891 2,100 total 14,282 43,991

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 7,859 15,795 deferred revenue 300 200

Form 990-ez, Part III

Soar is a charitable, nonprofit organization committed to eliminating the academic achievement gap among children from families with limited financial resources. Soar works with families, private schools and regional partners to lead students to high school graduation and to higher education or sustainable careers.

Form 990-ez, Part III, Line 28

Soar assisted five schools and more than 500 families in applying for the wisconsin parental private school choice program. In addition, soar supported about a half dozen students on scholarship in elementary and high school. Soar provided group homework enrichment and one-on-one mentoring to more than 160 students at eight sites during the 2013-14 academic year. We hosted a back-to-school professional development one day conference for 150 teachers and social workers from 10 different schools and organizations before the start of the 2013-14 school year.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS 538 TOTAL 538
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES 575 6,302 2,837 3,484 FUND DEVELOPMENT 92 ORGANIZATIONAL EXPENSES 235 PROGRAM EXPENSES 3,889 MEMBERSHIP DUES & SUBSCRI 536 STAFF DVLPMNT & EDUC TRNG 194 TELEPHONE 3,692 PAYROLL SERVICE 549 MISCELLANEOUS 2,243 SCHOLARSHIP PAYMENTS 2,500 NON-INVESTMENT DEPRECIATION 209 TOTAL 27,337
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PLEDGES RECEIVABLE 900 800 ACCOUNTS RECEIVABLE 11,812 42,250 PREPAID EXPENSES AND DEFERRED CHARGES 996 576 FURNITURE & EQUIPMENT 2,465 2,465 LESS ACCUMULATED DEPRECIATION 1,891 2,100 TOTAL 14,282 43,991
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,859 15,795 DEFERRED REVENUE 300 200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOAR IS A CHARITABLE, NONPROFIT ORGANIZATION COMMITTED TO ELIMINATING THE ACADEMIC ACHIEVEMENT GAP AMONG CHILDREN FROM FAMILIES WITH LIMITED FINANCIAL RESOURCES. SOAR WORKS WITH FAMILIES, PRIVATE SCHOOLS AND REGIONAL PARTNERS TO LEAD STUDENTS TO HIGH SCHOOL GRADUATION AND TO HIGHER EDUCATION OR SUSTAINABLE CAREERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SOAR ASSISTED FIVE SCHOOLS AND MORE THAN 500 FAMILIES IN APPLYING FOR THE WISCONSIN PARENTAL PRIVATE SCHOOL CHOICE PROGRAM. IN ADDITION, SOAR SUPPORTED ABOUT A HALF DOZEN STUDENTS ON SCHOLARSHIP IN ELEMENTARY AND HIGH SCHOOL. SOAR PROVIDED GROUP HOMEWORK ENRICHMENT AND ONE-ON-ONE MENTORING TO MORE THAN 160 STUDENTS AT EIGHT SITES DURING THE 2013-14 ACADEMIC YEAR. WE HOSTED A BACK-TO-SCHOOL PROFESSIONAL DEVELOPMENT ONE DAY CONFERENCE FOR 150 TEACHERS AND SOCIAL WORKERS FROM 10 DIFFERENT SCHOOLS AND ORGANIZATIONS BEFORE THE START OF THE 2013-14 SCHOOL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
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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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