Civic Intelligence

Assumption School Foundation Inc

990 • Fiscal year 2017 • EIN 22-3119215

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 02, 2018

Organization ProfileN/A
63 Macculloch AveMorristown, NJ 07960

(973) 538-0590

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-536%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

2nd percentile

-62%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

161%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$240,446

Down $385,315 (-62%) from 2016

Net Assets

Down

$240,446

Down $385,315 (-62%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin1st percentile

Revenue

Up

$71,880

Up $44,306 (+161%) from 2016

Expenses

Up

$457,195

Up $448,000 (+4872%) from 2016

Net Income

Down

-$385,315

Down $403,694 (-2196%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$800K$600K$400K$200K$0Assets 2011: $477,483Liabilities 2011: $0Net Assets 2011: $477,4832011Assets 2012: $497,244Liabilities 2012: $0Net Assets 2012: $497,2442012Assets 2013: $526,134Liabilities 2013: $0Net Assets 2013: $526,1342013Assets 2014: $564,675Liabilities 2014: $0Net Assets 2014: $564,6752014Assets 2015: $607,382Liabilities 2015: $0Net Assets 2015: $607,3822015Assets 2016: $625,761Liabilities 2016: $0Net Assets 2016: $625,7612016Assets 2017: $240,446Liabilities 2017: $0Net Assets 2017: $240,4462017Assets 2018: $168,723Liabilities 2018: $0Net Assets 2018: $168,7232018

Highlighted filing

2017

Assets$240,446
Liabilities$0
Net Assets$240,446
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

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

$500K$0-$500KRevenue 2011: $30,536Expenses 2011: $7,046Net Income 2011: $23,4902011Revenue 2012: $27,116Expenses 2012: $7,355Net Income 2012: $19,7612012Revenue 2013: $36,822Expenses 2013: $7,932Net Income 2013: $28,8902013Revenue 2014: $47,473Expenses 2014: $8,932Net Income 2014: $38,5412014Revenue 2015: $51,745Expenses 2015: $9,038Net Income 2015: $42,7072015Revenue 2016: $27,574Expenses 2016: $9,195Net Income 2016: $18,3792016Revenue 2017: $71,880Expenses 2017: $457,195Net Income 2017: -$385,3152017Revenue 2018: $11,314Expenses 2018: $83,037Net Income 2018: -$71,7232018

Highlighted filing

2017

Revenue$71,880
Expenses$457,195
Net Income-$385,315
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 2, 2018
Return Version
2017v2.2
Gross Receipts
$578,982
Mission and Program Overview

Mission

To administer and maintain a charitable fund for the purpose of supporting educational activities of assumption school

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$625,761$240,446▼ $385,315
Investments Other Securities$545,623$169,321▼ $376,302
Cash and Non-Interest-Bearing Accounts$54,370$46,396▼ $7,974
Land, Buildings, and Equipment, Net$25,768$24,729▼ $1,039
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 Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$625,761$240,446▼ $385,315
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$625,761$240,446▼ $385,315
Total Liabilities and Net Assets / Fund Balance$625,761$240,446▼ $385,315

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$24,729$15,802$40,531
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Paul DenoonPresident
Deborah DeangelisTrustee
Father John HartTrustee
Sister Merris LarkinTrustee
Denise PostlethwaiteSecretary
Beth HurstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$635
Program Service Revenue
$0
Investment Income
$71,245
Other Revenue
$0
All Other Contributions
$635
Change in Net Assets
$-385,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$450,000
Other Expenses$7,195
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$450,000--$450,000
Fees for Service Investment Mgmnt Fees-$4,691-$4,691
Depreciation Depletion-$1,039-$1,039
Fees for Services Other-$874-$874
Fees for Services Accounting-$500-$500
Other Expenses-$91-$91
Total Functional Expenses$450,000$7,195$0$457,195
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Assumption SchoolMorristown, NJ--$450,000
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
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
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Assumption School Foundation Inc
EIN
22-3119215
Address
63 MACCULLOCH AVE, MORRISTOWN, NJ 07960

Signing Officer

Name
Sister Merris Larkin
Title
Trustee
Signed
2018-07-02
Discuss with paid preparer
Yes

Organization Details

Formed
1991
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
Spero Schachter & Depalma LLC
Address
199 BALDWIN RD STE 200, PARSIPPANY, NJ 07054-2043
Preparer
Maria DePalma
Phone
9732990775
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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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IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1ASSUMPTION SCHOOL
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02017-03-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12017-07-25
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0221597120
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1221597120
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0200000
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt1250000
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt063 MACCULLOCH AVENUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt163 MACCULLOCH AVENUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MORRISTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1MORRISTOWN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd007960
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd107960
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0625761
IRS990/TotalAssetsEOYAmt0240446
IRS990/TotalAssetsGrp/BOYAmt0625761
IRS990/TotalAssetsGrp/EOYAmt0240446
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0635
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07195
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0457195
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0625761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0240446
IRS990/TotalProgramServiceExpensesAmt0450000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06291
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt064954
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt071880
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0625761
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0240446
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SISTER MERRIS LARKIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASSUMPTION SCHOOL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ASSU
ReturnHeader/Filer/EIN0223119215
ReturnHeader/Filer/USAddress/AddressLine1Txt063 MACCULLOCH AVE
ReturnHeader/Filer/USAddress/CityNm0MORRISTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007960
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273272906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPERO SCHACHTER & DEPALMA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0199 BALDWIN RD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARSIPPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0070542043
ReturnHeader/PreparerPersonGrp/PhoneNum09732990775
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Maria DePalma
ReturnHeader/ReturnTs02018-07-02T07:07:05-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$240,446
Liabilities
$0
Net assets
$240,446
Revenue
$71,880
Expenses
$457,195
Net income
-$385,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.11$0.83$0.72
2017Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.72$4.57$3.85
2016Summary only. Only limited summary data is available for this year.$6.26$0.00$6.26$0.28$0.09$0.18
2015Summary only. Only limited summary data is available for this year.$6.07$0.00$6.07$0.52$0.09$0.43
2014Summary only. Only limited summary data is available for this year.$5.65$0.00$5.65$0.47$0.09$0.39
2013Summary only. Only limited summary data is available for this year.$5.26$0.00$5.26$0.37$0.08$0.29
2012Summary only. Only limited summary data is available for this year.$4.97$0.00$4.97$0.27$0.07$0.20
2011Summary only. Only limited summary data is available for this year.$4.77$0.00$4.77$0.31$0.07$0.23