Civic Intelligence

Tlc Foundation Inc.

990 • Fiscal year 2020 • EIN 22-2517421

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 15, 2021

17 North StreetManchester, CT 06042

(860) 990-8447

Siviq Scores

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

Liabilities / Assets

81st percentile

0.22x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.09x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

44th percentile

1.7%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

85th percentile

$25,725

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 13.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

56th percentile

8.4%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.7%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$80,988

Up $6,267 (+8.4%) from 2019

Net Assets

Up

$63,237

Up $3,272 (+5.5%) from 2019

Liabilities

Up

$17,751

Up $2,995 (+20%) from 2019

Revenue

Down

$196,318

Down $11,901 (-5.7%) from 2019

Expenses

Down

$193,046

Down $13,606 (-6.6%) from 2019

Net Income

Up

$3,272

Up $1,705 (+109%) from 2019

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: $144,664Liabilities 2011: $7,6102011Assets 2012: $142,162Liabilities 2012: $11,1942012Assets 2013: $130,210Liabilities 2013: $7,3052013Assets 2014: $127,314Liabilities 2014: $5,3492014Assets 2015: $160,643Liabilities 2015: $24,371Net Assets 2015: $136,2722015Assets 2016: $170,045Liabilities 2016: $30,649Net Assets 2016: $139,3962016Assets 2017: $105,485Liabilities 2017: $23,820Net Assets 2017: $81,6652017Assets 2018: $85,650Liabilities 2018: $27,252Net Assets 2018: $58,3982018Assets 2019: $74,721Liabilities 2019: $14,756Net Assets 2019: $59,9652019Assets 2020: $80,988Liabilities 2020: $17,751Net Assets 2020: $63,2372020Assets 2021: $77,336Liabilities 2021: $37,627Net Assets 2021: $39,7092021Assets 2022: $78,820Liabilities 2022: $6,133Net Assets 2022: $72,6872022Assets 2023: $56,606Liabilities 2023: $10,760Net Assets 2023: $45,8462023Assets 2024: $51,805Liabilities 2024: $1,920Net Assets 2024: $49,8852024

Highlighted filing

2020

Assets$80,988
Liabilities$17,751
Net Assets$63,237

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $178,457Expenses 2011: $174,558Net Income 2011: $3,8992011Revenue 2012: $174,507Expenses 2012: $180,593Net Income 2012: -$6,0862012Revenue 2013: $178,113Expenses 2013: $186,176Net Income 2013: -$8,0632013Revenue 2014: $184,446Expenses 2014: $185,386Net Income 2014: -$9402014Revenue 2015: $215,164Expenses 2015: $200,857Net Income 2015: $14,3072015Revenue 2016: $203,138Expenses 2016: $200,014Net Income 2016: $3,1242016Revenue 2017: $196,941Expenses 2017: $254,672Net Income 2017: -$57,7312017Revenue 2018: $194,719Expenses 2018: $217,986Net Income 2018: -$23,2672018Revenue 2019: $208,219Expenses 2019: $206,652Net Income 2019: $1,5672019Revenue 2020: $196,318Expenses 2020: $193,046Net Income 2020: $3,2722020Revenue 2021: $140,606Expenses 2021: $164,134Net Income 2021: -$23,5282021Revenue 2022: $182,723Expenses 2022: $149,745Net Income 2022: $32,9782022Revenue 2023: $170,945Expenses 2023: $197,786Net Income 2023: -$26,8412023Revenue 2024: $256,279Expenses 2024: $252,240Net Income 2024: $4,0392024

Highlighted filing

2020

Revenue$196,318
Expenses$193,046
Net Income$3,272
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 15, 2021
Return Version
2019v5.0
Gross Receipts
$196,318
Mission and Program Overview

Mission

To provide a safe, nurturing home environment to adolescents who cannot stay at home due to family disruption, parent-child conflict or the lack of a suitable home environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$67,606$60,758▼ $6,848
Cash and Non-Interest-Bearing Accounts$5,246$18,396▲ $13,150
Prepaid Expenses and Deferred Charges$1,869$1,834▼ $35
Total Assets$74,721$80,988▲ $6,267
Liabilities
Accounts Payable and Accrued Expenses$14,756$17,751▲ $2,995
Total Liabilities$14,756$17,751▲ $2,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$54,471$63,237▲ $8,766
Net Assets With Donor Restrictions$5,494--
Total Net Assets Fund Balance$59,965$63,237▲ $3,272
Total Liabilities and Net Assets / Fund Balance$74,721$80,988▲ $6,267

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$60,699$167,290$227,989
Buildings-$120,726$120,726
Other Land Buildings-$30,416$30,416
Equipment$59$24,887$24,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Liama HolmesExecutive DiFT$25,725$25,725

Board Members and Trustees

NameTitle
Marie Michael-rogersPresident
Brent MikkelsenDirector
Carol Leicher HatchDirector
Donna HuffDirector
Doug EdwardsDirector
Elaine KahanerDirector
Jim MccavanaghDirector
John YavisDirector
Paul RubinDirector
Trent BarberDirector
Yvette WoodwardDirector
Carmel MooreSecretary
Sara BerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$196,318
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$7,497
Change in Net Assets
$3,272

Audited Revenue Reconciliation

Revenue per Audited Statements
$196,318
Total Revenue per Audited Statements
$196,318
Total Revenue per Form 990
$196,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$119,628
Other Expenses$73,418
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,406--$82,406
Current Officers, Directors, Trustees, and Key Employees-$26,722-$26,722
Occupancy$21,288--$21,288
Insurance$9,433$1,430-$10,863
Payroll Taxes$8,070$2,430-$10,500
Fees for Services Accounting-$7,551-$7,551
Depreciation Depletion$6,845--$6,845
Travel$3,216--$3,216
Other Expenses$2,184--$2,184
Office Expenses$801--$801
All Other Expenses$652--$652
Total Functional Expenses$154,913$38,133$0$193,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,046
Total Expenses per Audited Statements$193,046
Total Expenses per Form 990$193,046
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
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, Page 6, Part VI, Line 11B

The board of directors and the executive director review the form 990. The executive director signs the e-file authorization form indicating their review and approval.

Form 990, Page 6, Part VI, Line 12C

All board members review, sign, and agree to comply with the organization's conflict of interest policy on an annual basis.

Form 990, Page 6, Part VI, Line 15A

The board of director's review the executive director's salary and compare it to the salaries of other like-kind organizations. The board of director's approve the salaries once the organization's annual budget has been approved.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Tlc Foundation Inc
EIN
22-2517421
Phone
8609908447
Address
17 NORTH STREET, MANCHESTER, CT 06042

Signing Officer

Name
Liama Holmes
Title
Executive Director
Phone
8609908447
Signed
2021-04-15

Organization Details

Principal Officer
Liama Holmes
Formed
1984
Legal Domicile
Ct
Voting Board Members
14
Independent Board Members
14
Employees
12
Volunteers
2

Preparer

Firm
Gitlincampiseprendergast LLC
Address
836 FARMINGTON AVE STE 221A, WEST HARTFORD, CT 06119-1574
Preparer
Louis D Vamvakas
Phone
8602365833
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The process has not changed.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization adopted the provisions of accounting for uncertainty in income taxes; management believes the organization has no uncertain tax positions as of june 30, 2020.

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0191286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0203134
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205685
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0191286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0203134
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0983920
IRS990ScheduleA/TotalSupportAmt0983927
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt02
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0120726
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030416
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030416
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES; MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0193046
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR REVIEW THE FORM 990. THE EXECUTIVE DIRECTOR SIGNS THE E-FILE AUTHORIZATION FORM INDICATING THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS REVIEW, SIGN, AND AGREE TO COMPLY WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTOR'S REVIEW THE EXECUTIVE DIRECTOR'S SALARY AND COMPARE IT TO THE SALARIES OF OTHER LIKE-KIND ORGANIZATIONS. THE BOARD OF DIRECTOR'S APPROVE THE SALARIES ONCE THE ORGANIZATION'S ANNUAL BUDGET HAS BEEN APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154913
IRS990/TotalFunctionalExpensesGrp/TotalAmt0193046
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014756
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt080988
IRS990/TravelGrp/ProgramServicesAmt03216
IRS990/TravelGrp/TotalAmt03216
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt017 NORTH STREET
IRS990/USAddress/CityNm0MANCHESTER
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006042
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.TLCMANCHESTERKIDS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LIAMA HOLMES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08609908447
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TLC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TLCF
ReturnHeader/Filer/EIN0222517421
ReturnHeader/Filer/PhoneNum08609908447
ReturnHeader/Filer/USAddress/AddressLine1Txt017 NORTH STREET
ReturnHeader/Filer/USAddress/CityNm0MANCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006042
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060671881
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GITLINCAMPISEPRENDERGAST LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0836 FARMINGTON AVE STE 221A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST HARTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0061191574
ReturnHeader/PreparerPersonGrp/PhoneNum08602365833
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS D VAMVAKAS

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.50$2.56$2.52$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.11$0.46$1.71$1.98$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.06$0.73$1.83$1.50$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.38$0.40$1.41$1.64$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.81$0.18$0.63$1.96$1.93$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.15$0.60$2.08$2.07$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.86$0.27$0.58$1.95$2.18$0.23
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.24$0.82$1.97$2.55$0.58
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.31$1.39$2.03$2.00$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.24$1.36$2.15$2.01$0.14
2014Summary only. Only limited summary data is available for this year.$1.27$0.05$1.84$1.85$0.01
2013Summary only. Only limited summary data is available for this year.$1.30$0.07$1.78$1.86$0.08
2012Summary only. Only limited summary data is available for this year.$1.42$0.11$1.75$1.81$0.06
2011Summary only. Only limited summary data is available for this year.$1.45$0.08$1.78$1.75$0.04