Civic Intelligence

Somers Point Foundation for Education

990EZ • Fiscal year 2018 • EIN 22-3435116

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 27, 2019

121 W New York Ave SchoolsSomers Point, NJ 08244

(609) 927-5253

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

44th percentile

3.1%

Higher net margin than 44% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2018 filings • NTEE B82 • <$500k nonprofits • Source year 2018

Asset Growth

40th percentile

-1.6%

Faster asset growth than 40% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-9.9%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • NTEE B82 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$310,645

Down $5,203 (-1.6%) from 2017

Net Assets

Down

$310,645

Down $5,203 (-1.6%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$39,132

Down $4,318 (-9.9%) from 2017

Expenses

Down

$37,900

Down $214 (-0.6%) from 2017

Net Income

Down

$1,232

Down $4,104 (-77%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $213,132Liabilities 2011: $0Net Assets 2011: $213,1322011Assets 2012: $253,376Liabilities 2012: $0Net Assets 2012: $253,3762012Assets 2013: $269,860Liabilities 2013: $3Net Assets 2013: $269,8572013Assets 2014: $323,212Liabilities 2014: $0Net Assets 2014: $323,2122014Assets 2015: $317,093Liabilities 2015: $02015Assets 2016: $303,149Liabilities 2016: $02016Assets 2017: $315,848Net Assets 2017: $315,8482017Assets 2018: $310,645Net Assets 2018: $310,6452018Assets 2019: $318,198Net Assets 2019: $318,1982019Assets 2020: $314,695Net Assets 2020: $314,6952020Assets 2021: $346,260Net Assets 2021: $346,2602021Assets 2022: $320,429Net Assets 2022: $320,4292022Assets 2023: $335,541Net Assets 2023: $335,5412023Assets 2024: $362,599Net Assets 2024: $362,5992024

Highlighted filing

2018

Assets$310,645
Liabilities-
Net Assets$310,645

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2011: $37,541Expenses 2011: $37,752Net Income 2011: -$2112011Revenue 2012: $27,462Expenses 2012: $28,862Net Income 2012: -$1,4002012Revenue 2013: $50,441Expenses 2013: $41,026Net Income 2013: $9,4152013Revenue 2014: $72,001Expenses 2014: $38,431Net Income 2014: $33,5702014Revenue 2015: $72,134Expenses 2015: $17,030Net Income 2015: $55,1042015Revenue 2016: $44,243Expenses 2016: $29,735Net Income 2016: $14,5082016Revenue 2017: $43,450Expenses 2017: $38,114Net Income 2017: $5,3362017Revenue 2018: $39,132Expenses 2018: $37,900Net Income 2018: $1,2322018Revenue 2019: $41,935Expenses 2019: $46,709Net Income 2019: -$4,7742019Revenue 2020: $31,217Expenses 2020: $33,830Net Income 2020: -$2,6132020Revenue 2021: $14,174Expenses 2021: $14,034Net Income 2021: $1402021Revenue 2022: $18,704Expenses 2022: $15,201Net Income 2022: $3,5032022Revenue 2023: $27,300Expenses 2023: $18,424Net Income 2023: $8,8762023Revenue 2024: $26,824Expenses 2024: $12,901Net Income 2024: $13,9232024

Highlighted filing

2018

Revenue$39,132
Expenses$37,900
Net Income$1,232
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 27, 2019
Return Version
2017v2.2
Gross Receipts
$63,239
Mission and Program Overview

Mission

To promote programs in Somers Point school.

Program Services

DescriptionGrantsExpenses
The Foundation promotes education programs of the Somers Point School District by providing funds for special teacher projects and activities.$33,747-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH SCHMIDTVice President-$0--
PHILLIP PALLITTOSecretary-$0--
JANE ALVAREZTreasurer-$0--
KIMBERLY TUCKERPresident-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$20,217$20,217$11,969$8,248
Trail of Two Cities$13,123$13,123$8,484$4,639
Total Events$33,340$33,340$20,453$12,887
Filing and Contact Details

Filer

Filer Name
Somers Point Foundation for Education
EIN
22-3435116
Phone
6099275253
Address
121 W NEW YORK AVE SCHOOLS, SOMERS POINT, NJ 08244

Signing Officer

Name
Jane Alvarez
Title
Treasurer
Signed
2019-03-27
Discuss with paid preparer
Yes

Preparer

Firm
Ford Scott & Associates LLC
Address
1535 Haven Avenue, Ocean City, NJ 08226-0538
Preparer
John A Sabella CPA
Phone
6093996333
Supplemental Narrative

Additional Explanations

Other Expenses.1

Various school activities $33747

Other Expenses.2

ONLINE QUICKBOOKS $560

Other Expenses.3

STEM EXPENSES $552

Other Expenses.4

Meals and enternament $255

Other Expenses.5

Dues & subscriptions $175

Other Expenses.6

MISCELLANEOUS $163

Other Expenses.8

BANK FEES $81

Other Assets.1

OTHER ASSETS - Beginning $100 OTHER ASSETS - Ending $0

Raw XML Appendix192 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt0100
IRS990EZ/OtherChangesInNetAssetsAmt0-6435
IRS990EZ/OtherExpensesTotalAmt035533
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt082
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt033747
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt024107
IRS990EZ/SpecialEventsNetIncomeLossAmt017434
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt037900
IRS990EZ/TotalProgramServiceExpensesAmt033747
IRS990EZ/TotalRevenueAmt039132
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012660
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IRS990ScheduleA/InvestmentIncomeCYPct00.14060
IRS990ScheduleA/InvestmentIncomePYPct00.12390
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85940
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER DANCE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TRAIL OF TWO CITIES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020217
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013123
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011969
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08484
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VARIOUS SCHOOL ACTIVITIES $33747
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONLINE QUICKBOOKS $560
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STEM EXPENSES $552
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEALS AND ENTERNAMENT $255
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DUES & SUBSCRIPTIONS $175
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS $163
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK FEES $81
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER ASSETS - Beginning $100 OTHER ASSETS - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANE ALVAREZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMERS POINT FOUNDATION FOR EDUCATION
ReturnHeader/Filer/BusinessNameControlTxt0SOME
ReturnHeader/Filer/EIN0223435116
ReturnHeader/Filer/PhoneNum06099275253
ReturnHeader/Filer/USAddress/AddressLine1Txt0121 W NEW YORK AVE SCHOOLS
ReturnHeader/Filer/USAddress/CityNm0SOMERS POINT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008244
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222087086
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ford Scott & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01535 Haven Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ocean City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0082260538
ReturnHeader/PreparerPersonGrp/PhoneNum06093996333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John A Sabella CPA
ReturnHeader/ReturnTs02019-03-30T12:14:09-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.63$3.63$0.27$0.13$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.36$3.36$0.27$0.18$0.09
2022Detailed filing. Detailed filing data is available for this year.$3.20$3.20$0.19$0.15$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.46$3.46$0.14$0.14$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.15$3.15$0.31$0.34$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.18$3.18$0.42$0.47$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.11$3.11$0.39$0.38$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.16$3.16$0.43$0.38$0.05
2016Summary only. Only limited summary data is available for this year.$3.03$0.00$0.44$0.30$0.15
2015Summary only. Only limited summary data is available for this year.$3.17$0.00$0.72$0.17$0.55
2014Summary only. Only limited summary data is available for this year.$3.23$0.00$3.23$0.72$0.38$0.34
2013Summary only. Only limited summary data is available for this year.$2.70$0.00$2.70$0.50$0.41$0.09
2012Summary only. Only limited summary data is available for this year.$2.53$0.00$2.53$0.27$0.29$0.01
2011Summary only. Only limited summary data is available for this year.$2.13$0.00$2.13$0.38$0.38$0.00