Civic Intelligence

The Michael C Reilly Scholarship Fund Inc

990 • Fiscal year 2017 • EIN 20-8826121

Jan 01, 2017 to Dec 31, 2017 • Filed on May 25, 2018

PO Box 907Ramsey, NJ 07446

(201) 934-7365

Siviq Scores

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

Liabilities / Assets

79th percentile

0.00x

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

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.00x

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

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Net Margin

55th percentile

13%

Higher net margin than 55% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE B82 • <$500k nonprofits • Source year 2017

Asset Growth

45th percentile

1.2%

Faster asset growth than 45% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

89th percentile

115%

Faster revenue growth than 89% of similar nonprofits.

2017 filings • NTEE B82 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$113,783

Up $1,329 (+1.2%) from 2016

Net Assets

Up

$113,783

Up $1,329 (+1.2%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$10,004

Up $5,357 (+115%) from 2016

Expenses

Down

$8,675

Down $6,491 (-43%) from 2016

Net Income

Up

$1,329

Up $11,848 (+113%) 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 2010: $103,028Liabilities 2010: $0Net Assets 2010: $103,0282010Assets 2011: $105,349Liabilities 2011: $0Net Assets 2011: $105,3492011Assets 2012: $106,939Liabilities 2012: $0Net Assets 2012: $106,9392012Assets 2013: $118,388Liabilities 2013: $0Net Assets 2013: $118,3882013Assets 2014: $117,001Liabilities 2014: $0Net Assets 2014: $117,0012014Assets 2015: $121,740Liabilities 2015: $0Net Assets 2015: $121,7402015Assets 2016: $112,454Liabilities 2016: $0Net Assets 2016: $112,4542016Assets 2017: $113,783Liabilities 2017: $0Net Assets 2017: $113,7832017Assets 2018: $91,679Liabilities 2018: $0Net Assets 2018: $91,6792018Assets 2019: $102,572Liabilities 2019: $0Net Assets 2019: $102,5722019Assets 2020: $107,047Liabilities 2020: $0Net Assets 2020: $107,0472020Assets 2021: $104,139Liabilities 2021: $0Net Assets 2021: $104,1392021Assets 2022: $89,507Liabilities 2022: $0Net Assets 2022: $89,5072022Assets 2023: $98,856Liabilities 2023: $0Net Assets 2023: $98,8562023Assets 2024: $5,604Liabilities 2024: $0Net Assets 2024: $5,6042024

Highlighted filing

2017

Assets$113,783
Liabilities$0
Net Assets$113,783

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2010: $6,2502010Expenses 2011: $4,2502011Expenses 2012: $4,5972012Revenue 2013: $14,035Expenses 2013: $4,625Net Income 2013: $9,4102013Revenue 2014: $5,808Expenses 2014: $6,148Net Income 2014: -$3402014Revenue 2015: $16,680Expenses 2015: $8,665Net Income 2015: $8,0152015Revenue 2016: $4,647Expenses 2016: $15,166Net Income 2016: -$10,5192016Revenue 2017: $10,004Expenses 2017: $8,675Net Income 2017: $1,3292017Revenue 2018: $3,511Expenses 2018: $25,615Net Income 2018: -$22,1042018Revenue 2019: $1,947Expenses 2019: $2,434Net Income 2019: -$4872019Revenue 2020: -$337Expenses 2020: $2,478Net Income 2020: -$2,8152020Revenue 2021: $6,396Expenses 2021: $12,654Net Income 2021: -$6,2582021Revenue 2022: -$956Expenses 2022: $2,528Net Income 2022: -$3,4842022Revenue 2023: $3,471Expenses 2023: $2,538Net Income 2023: $9332023Revenue 2024: $20,317Expenses 2024: $102,331Net Income 2024: -$82,0142024

Highlighted filing

2017

Revenue$10,004
Expenses$8,675
Net Income$1,329
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 25, 2018
Return Version
2017v2.2
Gross Receipts
$83,524
Mission and Program Overview

Mission

The organization was created to award scholarships to children or siblings of f.d.n.y. Members who exhibit excellent character through community involvement, volunteer work, and overcoming adversity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$112,454$113,783▲ $1,329
Investments in Publicly Traded Securities$69,594$95,106▲ $25,512
Cash and Non-Interest-Bearing Accounts$42,860$18,677▼ $24,183
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$112,454$113,783▲ $1,329
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$112,454$113,783▲ $1,329
Total Liabilities and Net Assets / Fund Balance$112,454$113,783▲ $1,329
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael F ReillyPresident
Monica C ReillySecretary
Paul Van Der VeldeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$350
Program Service Revenue
$0
Investment Income
$6,078
Other Revenue
$3,576
All Other Contributions
$350
Change in Net Assets
$1,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,000
Other Expenses$675
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$8,000--$8,000
Fees for Services Other-$675-$675
Total Functional Expenses$8,000$675$0$8,675
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,576
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
No
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The president and secretary are married to each other.

Form 990, Part VI, Line 11B: Form 990 Review Process

Prior to filing of form 990, the officers review the form for completeness and accuracy.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each director and officer must annualy sign a statement which affirms understanding and compliance with the conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any information pertaining to the fund may be obtained from the fund's officers.

Filing and Contact Details

Filer

Filer Name
The Michael C Reilly
EIN
20-8826121
Phone
2019347365
Address
PO BOX 907, RAMSEY, NJ 07446

Signing Officer

Name
Michael F Reilly
Title
President
Signed
2018-05-25
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Neuschatz Neuschatz Herman & Hanke Cpas
Address
124 PROSPECT ST, RIDGEWOOD, NJ 07450-4406
Preparer
Jeffrey Herman CPA
Phone
2013017700
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND SECRETARY ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO FILING OF FORM 990, THE OFFICERS REVIEW THE FORM FOR COMPLETENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR AND OFFICER MUST ANNUALY SIGN A STATEMENT WHICH AFFIRMS UNDERSTANDING AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY INFORMATION PERTAINING TO THE FUND MAY BE OBTAINED FROM THE FUND'S OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0675
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08000
IRS990/TotalFunctionalExpensesGrp/TotalAmt08675
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0113783
IRS990/TotalProgramServiceExpensesAmt08000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09654
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010004
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0112454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0113783
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MICHAELCREILLYSCHOLARSHIP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL F REILLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL C REILLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0208826121
ReturnHeader/Filer/PhoneNum02019347365
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 907
ReturnHeader/Filer/USAddress/CityNm0RAMSEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007446
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223393330
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEUSCHATZ NEUSCHATZ HERMAN & HANKE CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0124 PROSPECT ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGEWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0074504406
ReturnHeader/PreparerPersonGrp/PhoneNum02013017700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY HERMAN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-25T10:17:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.20$1.02$0.82
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.03$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.01$0.03$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.06$0.13$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.00$0.02$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$0.02$0.02$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.04$0.26$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.10$0.09$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.05$0.15$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.17$0.09$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.06$0.06$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.14$0.05$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$0.06