Civic Intelligence

The Bulkeley Alumni - Harold J Arkava Foundation Inc

990 • Fiscal year 2017 • EIN 22-2580048

Jul 01, 2016 to Jun 30, 2017 • Filed on Jul 06, 2017

Organization ProfileN/A
68 federal streetnew london, CT 06320

(860) 442-3572

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2017

Liabilities / Revenue

8th percentile

0.00x

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

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-601%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2017 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

95%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $1,177,442 (-100%) from 2016

Net Assets

Down

$0

Down $1,177,442 (-100%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin1st percentile

Revenue

Up

$195,832

Up $95,162 (+95%) from 2016

Expenses

Up

$1,373,274

Up $1,313,181 (+2185%) from 2016

Net Income

Down

-$1,177,442

Down $1,218,019 (-3002%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$1.5M$1.0M$500K$0Assets 2011: $922,497Liabilities 2011: $0Net Assets 2011: $922,4972011Assets 2012: $982,251Liabilities 2012: $0Net Assets 2012: $982,2512012Assets 2013: $1,034,475Liabilities 2013: $0Net Assets 2013: $1,034,4752013Assets 2014: $1,079,493Liabilities 2014: $0Net Assets 2014: $1,079,4932014Assets 2015: $1,136,865Liabilities 2015: $0Net Assets 2015: $1,136,8652015Assets 2016: $1,177,442Liabilities 2016: $0Net Assets 2016: $1,177,4422016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $103,525Expenses 2011: $58,985Net Income 2011: $44,5402011Revenue 2012: $120,039Expenses 2012: $60,285Net Income 2012: $59,7542012Revenue 2013: $110,731Expenses 2013: $58,507Net Income 2013: $52,2242013Revenue 2014: $99,412Expenses 2014: $54,394Net Income 2014: $45,0182014Revenue 2015: $112,129Expenses 2015: $54,757Net Income 2015: $57,3722015Revenue 2016: $100,670Expenses 2016: $60,093Net Income 2016: $40,5772016Revenue 2017: $195,832Expenses 2017: $1,373,274Net Income 2017: -$1,177,4422017

Highlighted filing

2017

Revenue$195,832
Expenses$1,373,274
Net Income-$1,177,442
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jul 6, 2017
Return Version
2016v3.0
Gross Receipts
$1,296,659
Mission and Program Overview

Mission

To provide partial college scholarships tolineal descendents of former bulkeley students.

provides partial college scholarships to lineal descendents of former Bulkeley students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,177,442$0▼ $1,177,442
Investments Other Securities$1,100,827$0▼ $1,100,827
Cash and Non-Interest-Bearing Accounts$76,003$0▼ $76,003
Savings and Temporary Cash Investments$612$0▼ $612
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,177,442$0▼ $1,177,442
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,177,442$0▼ $1,177,442
Total Liabilities and Net Assets / Fund Balance$1,177,442$0▼ $1,177,442
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
robert l sinagrapresident
harold j arkavasecy/treas/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$13,965
Program Service Revenue
$0
Investment Income
$175,417
Other Revenue
$6,450
All Other Contributions
$13,851
Change in Net Assets
$-1,177,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,368,329
Other Expenses$4,945
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$1,317,129
Grants to Domestic Individuals---$51,200
Fees for Services Other---$3,900
Office Expenses---$1,045
Total Functional Expenses$0$0$0$1,373,274
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
community foundation of eastern connecticutnew london, CT-to fund the endowed scholarship fund of bulkeley alumni$1,317,129
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,450
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign 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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8A

“Meeting minutes are not required to be documented.”

Form 990, Part VI, Section A, line 8B

“Meeting minutes are not required to be documented.”

Form 990, Part VI, Section B, line 11B

“Reviewed and approved by directors.”

Form 990, Part VI, Section C, line 19

“Governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
The Bulkeley Alumni -
EIN
22-2580048
Phone
8604423572
Address
68 federal street, new london, CT 06320

Signing Officer

Name
Harold J Arkava
Title
Secretary/Treasurer/Director
Phone
8604423572
Signed
2017-07-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold J Arkava
Formed
1986
Legal Domicile
Ct
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
William T Craig
Phone
9592007000
Raw XML Appendix307 raw XML fields

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/ExplanationTxt1Meeting minutes are not required to be documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed and approved by directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8a
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/PreparerPersonGrp/PhoneNum09592007000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William T Craig
ReturnHeader/ReturnTs02017-07-12T15:10:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$195,832
Expenses
$1,373,274
Net income
-$1,177,442
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.20$1.37$1.18
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.10$0.06$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.11$0.05$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.10$0.05$0.05
2013Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.11$0.06$0.05
2012Summary only. Only limited summary data is available for this year.$0.98$0.00$0.98$0.12$0.06$0.06
2011Summary only. Only limited summary data is available for this year.$0.92$0.00$0.92$0.10$0.06$0.04