Indepdendent Karate School Scholarship Foundation Inc

990EZ • Fiscal year 2016 • EIN 20-8923828

Jan 01, 2016 to Dec 31, 2016 • Filed on May 09, 2017

Organization Profile WWW.IKSNH.COM

138 Lake StNashua, NH 03060

(603) 882-6917

Siviq Scores

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

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

-727%

Higher net margin than 1% of similar nonprofits.

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

Higher top officer pay than 75% of similar nonprofits.

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

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

-41%

Faster asset growth than 11% of similar nonprofits.

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

-46%

Faster revenue growth than 11% of similar nonprofits.

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

Balance Sheet

Liabilities / AssetsScore unavailable

Assets

Down

$16,589

Down $11,571 (-41%) from 2015

Net Assets

Down

$16,589

Down $11,571 (-41%) from 2015

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / RevenueScore unavailable Net Margin1st percentile

Revenue

Down

$1,592

Down $1,363 (-46%) from 2015

Expenses

$13,163

Up $11,888 (+932%) from 2015

Net Income

Down

-$11,571

Down $13,251 (-789%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

Highlighted filing

2016

Assets$16,589

Liabilities-

Net Assets$16,589

Open 2016 Filing

Operations Trend

Revenue Growth11th percentile

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

Highlighted filing

2016

Revenue$1,592

Expenses$13,163

Net Income-$11,571

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: May 9, 2017
Return Version: 2016v3.0
Gross Receipts: $1,592

Mission and Program Overview

Mission

The mission of the indpendent karate school scholarship foundation is to support the charitable endeavors of the independent karate school community, including academic scholarships for community members, and support of other approved programs.

Program Services

Description	Grants	Expenses
THE MISSION OF THE INDPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.	$10,000	$13,163
THE MISSION OF THE INDEPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.	-	-

Compensation and Service Providers

Top Officer Pay75th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
RANDY SMITH	President	-	$0	-	-
JEFF MAISTROSKY	Treasurer	-	$0	-	-
CAROL HUTCHINSON	Director	-	$0	-	-
KEITH TREXLER	Director	-	$0	-	-
PETER M DESMARAIS	Chairman	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Independent Karate School
EIN: 20-8923828
Phone: 6038826917
Address: 138 LAKE ST, NASHUA, NH 03060

Signing Officer

Name: Jeff Maistrosky
Title: Treasurer
Phone: 6038826917
Signed: 2017-05-09
Discuss with paid preparer: Yes

Preparer

Firm: Tax Services of Londonderry Inc
Address: 1C COMMONS DR UNIT 18, LONDONDERRY, NH 03053-3441
Preparer: Robert a Capriole Ea
Phone: 6034328291

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“07/30/2016 10,000 0 0”

Form 990-ez, Part I, Line 16

“Expenses marketing & promotion 2,036 dues 75 miscellanous expense 502 total 2,613”

Form 990-ez, Part II, Line 24

“Due from iks 2,251 2,251 total 2,251 2,251”

Form 990-ez, Part III

“The mission of the indpendent karate school scholarship foundation is to support the charitable endeavors of the independent karate school community, including academic scholarships for community members, and support of other approved programs.”

Form 990-ez, Part III, Line 28

“The mission of the indpendent karate school scholarship foundation is to support the charitable endeavors of the independent karate school community, including academic scholarships for community members, and support of other approved programs.”

Form 990-ez, Part III, Line 31

“The mission of the independent karate school scholarship foundation is to support the charitable endeavors of the independent karate school community, including academic scholarships for community members, and support of other approved programs.”

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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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	KEITH TREXLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	PETER M DESMARAIS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	CHAIRMAN
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IRS990EZ/OtherExpensesTotalAmt	0	2613
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	THE MISSION OF THE INDPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	THE MISSION OF THE INDPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	THE MISSION OF THE INDEPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	10000
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IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	612
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
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IRS990EZ/TotalRevenueAmt	0	1592
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IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	2483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	5247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	8384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	10655
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	612
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	1.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	27749
IRS990ScheduleA/TotalSupportAmt	0	27749
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	07/30/2016 10,000 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES MARKETING & PROMOTION 2,036 DUES 75 MISCELLANOUS EXPENSE 502 TOTAL 2,613
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DUE FROM IKS 2,251 2,251 TOTAL 2,251 2,251
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	THE MISSION OF THE INDPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	THE MISSION OF THE INDPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	THE MISSION OF THE INDEPENDENT KARATE SCHOOL SCHOLARSHIP FOUNDATION IS TO SUPPORT THE CHARITABLE ENDEAVORS OF THE INDEPENDENT KARATE SCHOOL COMMUNITY, INCLUDING ACADEMIC SCHOLARSHIPS FOR COMMUNITY MEMBERS, AND SUPPORT OF OTHER APPROVED PROGRAMS.
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ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt	0	INDE
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ReturnHeader/Filer/PhoneNum	0	6038826917
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	810607615
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	TAX SERVICES OF LONDONDERRY INC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	030533441
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6034328291
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	ROBERT A CAPRIOLE EA
ReturnHeader/ReturnTs	0	2017-05-12T14:22:24-04:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $16,589
Liabilities: -
Net assets: $16,589
Revenue: $1,592
Expenses: $13,163
Net income: -$11,571

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$89.0		$89.0	$22.7	$26.0	$3.28
2023Detailed filing. Detailed filing data is available for this year.	$92.3		$92.3	$22.8	$1.37	$21.4
2022Detailed filing. Detailed filing data is available for this year.	$70.9		$70.9	$24.2	$2.82	$21.4
2021Detailed filing. Detailed filing data is available for this year.	$49.5		$49.5	$25.0	$5.65	$19.4
2020Detailed filing. Detailed filing data is available for this year.	$30.1		$30.1	$16.3	$6.34	$9.95
2019Summary only. Only limited summary data is available for this year.	$20.2	$0.00		$10.4	$2.33	$8.05
2018Detailed filing. Detailed filing data is available for this year.	$12.1		$12.1	$3.80	$6.30	$2.50
2017Detailed filing. Detailed filing data is available for this year.	$14.6		$14.6	$4.90	$6.88	$1.99
2016Detailed filing. Detailed filing data is available for this year.	$16.6		$16.6	$1.59	$13.2	$11.6
2015Detailed filing. Detailed filing data is available for this year.	$28.2		$28.2	$2.96	$1.28	$1.68
2014Detailed filing. Detailed filing data is available for this year.	$26.5		$26.5	$11.1	$11.1	$0.05
2013Detailed filing. Detailed filing data is available for this year.	$26.5		$26.5	$14.6	$2.42	$12.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$14.4		$14.4	$16.1	$15.1	$0.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$13.4		$13.4	$15.4	$11.8	$3.67