Civic Intelligence

Montclair Foundation Inc.

990 • Fiscal year 2015 • EIN 22-6310859

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 26, 2016

21 Van Vleck StreetMontclair, NJ 07042

(973) 746-5390

Siviq Scores

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

Liabilities / Assets

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.68x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

50th percentile

2.6%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$79,512

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

31st percentile

-2.7%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$7,378,175

Down $201,628 (-2.7%) from 2014

Net Assets

Down

$6,835,799

Down $197,263 (-2.8%) from 2014

Liabilities

Down

$542,376

Down $4,365 (-0.8%) from 2014

Revenue

Down

$801,031

Down $157,951 (-16%) from 2014

Expenses

Up

$780,171

Up $35,186 (+4.7%) from 2014

Net Income

Down

$20,860

Down $193,137 (-90%) from 2014

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $6,891,911Liabilities 2011: $461,894Net Assets 2011: $6,430,0172011Assets 2012: $6,986,959Liabilities 2012: $487,707Net Assets 2012: $6,499,2522012Assets 2013: $7,072,869Liabilities 2013: $485,569Net Assets 2013: $6,587,3002013Assets 2014: $7,579,803Liabilities 2014: $546,741Net Assets 2014: $7,033,0622014Assets 2015: $7,378,175Liabilities 2015: $542,376Net Assets 2015: $6,835,7992015Assets 2016: $7,065,716Liabilities 2016: $559,413Net Assets 2016: $6,506,3032016Assets 2017: $7,068,941Liabilities 2017: $573,181Net Assets 2017: $6,495,7602017Assets 2018: $7,051,322Liabilities 2018: $633,534Net Assets 2018: $6,417,7882018Assets 2019: $7,547,172Liabilities 2019: $658,715Net Assets 2019: $6,888,4572019Assets 2020: $7,542,866Liabilities 2020: $951,272Net Assets 2020: $6,591,5942020Assets 2021: $8,545,946Liabilities 2021: $953,265Net Assets 2021: $7,592,6812021Assets 2022: $7,217,326Liabilities 2022: $801,799Net Assets 2022: $6,415,5272022Assets 2023: $6,816,221Liabilities 2023: $845,256Net Assets 2023: $5,970,9652023Assets 2024: $7,636,877Liabilities 2024: $875,433Net Assets 2024: $6,761,4442024

Highlighted filing

2015

Assets$7,378,175
Liabilities$542,376
Net Assets$6,835,799

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $600,5152011Expenses 2012: $608,5862012Expenses 2013: $652,3802013Revenue 2014: $958,982Expenses 2014: $744,985Net Income 2014: $213,9972014Revenue 2015: $801,031Expenses 2015: $780,171Net Income 2015: $20,8602015Revenue 2016: $731,910Expenses 2016: $814,780Net Income 2016: -$82,8702016Revenue 2017: $938,095Expenses 2017: $852,087Net Income 2017: $86,0082017Revenue 2018: $670,501Expenses 2018: $957,077Net Income 2018: -$286,5762018Revenue 2019: $1,263,985Expenses 2019: $933,294Net Income 2019: $330,6912019Revenue 2020: $810,795Expenses 2020: $976,912Net Income 2020: -$166,1172020Revenue 2021: $984,719Expenses 2021: $1,022,842Net Income 2021: -$38,1232021Revenue 2022: $1,170,983Expenses 2022: $1,142,920Net Income 2022: $28,0632022Revenue 2023: $1,074,604Expenses 2023: $1,617,467Net Income 2023: -$542,8632023Revenue 2024: $1,872,512Expenses 2024: $1,466,814Net Income 2024: $405,6982024

Highlighted filing

2015

Revenue$801,031
Expenses$780,171
Net Income$20,860
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 26, 2016
Return Version
2014v6.0
Gross Receipts
$919,499
Mission and Program Overview

Mission

The Montclair Foundation nurtures growth in our community through support and grant giving to local non-profits and the preservation of the historic Van Vleck House & Gardens which are open to the public.

To support not-for-profit organizations that meet health, educational, cultural, social service and quality of life needs in the greater Montclair community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,192,812$5,132,995▼ $59,817
Land, Buildings, and Equipment, Net$1,892,680$1,831,290▼ $61,390
Savings and Temporary Cash Investments$356,543$352,160▼ $4,383
Cash and Non-Interest-Bearing Accounts$83,909$47,823▼ $36,086
Pledges and Grants Receivable$50,864$12,798▼ $38,066
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,579,803$7,378,175▼ $201,628
Other Assets Total$2,995$1,109▼ $1,886
Liabilities
Other Liabilities$526,516$539,141▲ $12,625
Accounts Payable and Accrued Expenses$20,225$3,235▼ $16,990
Total Liabilities$546,741$542,376▼ $4,365
Net Assets / Fund Balance
Unrestricted Net Assets$7,033,062$6,835,799▼ $197,263
Total Net Assets Fund Balance$7,033,062$6,835,799▼ $197,263
Total Liabilities and Net Assets / Fund Balance$7,579,803$7,378,175▼ $201,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,831,290$1,410,948$3,242,238
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles FischerExecutive DirectorFT$79,512$79,512
Revenue and Support

Revenue Composition

Contributions and Grants
$136,293
Program Service Revenue
$32,146
Investment Income
$408,991
Other Revenue
$223,601
All Other Contributions
$136,293
Change in Net Assets
$20,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$801,031
Revenue Not Reported on Form 990
$-187,435
Total Revenue per Audited Statements
$613,596
Total Revenue per Form 990
$801,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,164
Salaries, Compensation, and Employee Benefits$332,732
Grants and Similar Amounts Paid$89,275
Total Fundraising Expense$32,269
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$147,272$50,627-$197,899
Depreciation Depletion$128,427--$128,427
Current Officers, Directors, Trustees, and Key Employees$43,450$43,450$21,726$108,626
Grants to Domestic Orgs$89,275--$89,275
All Other Expenses$35,523$5,020$10,543$51,086
Fees for Services Accounting-$32,233-$32,233
Payroll Taxes-$26,207-$26,207
Other Expenses$22,433--$22,433
Total Functional Expenses$590,365$157,537$32,269$780,171

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$810,859
Expenses per Audited Statements$780,171
Total Expenses per Form 990$780,171
Expenses Not Reported on Form 990$30,688
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Human Needs Food PantryMontclair, NJ501(c)(3)Purch groceries low inc fam$10,000
Interfaith Hospitality NetworkMontclair, NJ501(c)(3)Help homeless in Montclair$10,000
IntersectionsNew York, NY501 (c) (3)Police/community insight training$10,000
Outpost in the BurbsMontclair, NJ501 (c)(3)Sound equip for community concerts$9,775
HOMECorpMontclair, NJ501 (c)(3)Repairs to affordable housing in Mt$8,500
Cope CenterMontclair, NJ501(c)(3)Youth & family counseling$8,000
Tonis KitchenMontclair, NJ501(c)(3)Kitchen equip for food ministry$8,000
Montclair Emer Svc for HmelesMontclair, NJ501(c)(3)emergency shelter for homeless$7,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$165,159
Fundraising Direct Expenses$72,358
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Plant Sale$69,534$69,534$43,085$26,449
Deck the Halls$62,451$62,451$18,100$44,351
Total Events$165,159$165,159$72,358$92,801
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds payable$526,320
Deposit payable$12,820
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

Copy of return is reviewed by the Finance Committee and followed up with conference call with auditors

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual form disclosing any conflicts of interest is signed

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

No documents are available to the public unless requested

Filing and Contact Details

Filer

Filer Name
Montclair Foundation Inc
EIN
22-6310859
Phone
9737465390
Address
21 Van Vleck Street, Montclair, NJ 07042

Signing Officer

Name
Lissa Barrett
Title
Chairman
Signed
2016-03-26
Discuss with paid preparer
Yes

Organization Details

Formed
1979
Legal Domicile
Nj
Voting Board Members
20
Independent Board Members
0
Employees
7
Volunteers
100

Preparer

Firm
Alperin Nebbia & Associates CPA PA
Address
375 Passaic Avenue Suite 200, Fairfield, NJ 07004-2026
Preparer
Steven J Alperin
Phone
9738088801
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Investment expenses = -$30688

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

The Foundation reports the land and improvements on its balance sheet. The expenses incurred in maintaining the estate are included in program expenses on the Statement of Functional expenses.The Foundation preserves the Van Vleck Estate (the "Estate"), a 5.8 acre site in Montclair, and opens the Estate's gardens to the public for horticultural education and uses and rents the buildings on the Estate as offices and program facilities for other New Jersey nonprofit organizations and community groups.

Part XII, Line 2D: Other expenses and losses per audited F/S

inv exp $30688

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0165159
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0919499
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/LessRentalExpensesGrp/RealAmt046110
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
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IRS990/OtherExpensesGrp/ProgramServicesAmt231195
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IRS990/OtherExpensesGrp/TotalAmt231195
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0147272
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IRS990/ProgSrvcAccomActy2Grp/Desc0Charitable gifts made to non-profit organizations which address local needs in the area of health, education, cultural, social service and the overall quality of life
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt089275
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0280528
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt088900
IRS990/PYInvestmentIncomeAmt0360249
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0365240
IRS990/PYOtherRevenueAmt0273469
IRS990/PYProgramServiceRevenueAmt044736
IRS990/PYRevenuesLessExpensesAmt0213997
IRS990/PYSalariesCompEmpBnftPaidAmt0290845
IRS990/PYTotalExpensesAmt0744985
IRS990/PYTotalRevenueAmt0958982
IRS990/QuidProQuoContributionsInd0false

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.$7.64$0.88$6.76$1.87$1.47$0.41
2023Detailed filing. Detailed filing data is available for this year.$6.82$0.85$5.97$1.07$1.62$0.54
2022Detailed filing. Detailed filing data is available for this year.$7.22$0.80$6.42$1.17$1.14$0.03
2021Detailed filing. Detailed filing data is available for this year.$8.55$0.95$7.59$0.98$1.02$0.04
2020Detailed filing. Detailed filing data is available for this year.$7.54$0.95$6.59$0.81$0.98$0.17
2019Detailed filing. Detailed filing data is available for this year.$7.55$0.66$6.89$1.26$0.93$0.33
2018Detailed filing. Detailed filing data is available for this year.$7.05$0.63$6.42$0.67$0.96$0.29
2017Detailed filing. Detailed filing data is available for this year.$7.07$0.57$6.50$0.94$0.85$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.07$0.56$6.51$0.73$0.81$0.08
2015Detailed filing. Detailed filing data is available for this year.$7.38$0.54$6.84$0.80$0.78$0.02
2014Detailed filing. Detailed filing data is available for this year.$7.58$0.55$7.03$0.96$0.74$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.07$0.49$6.59$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.99$0.49$6.50$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.46$6.43$0.60