Civic Intelligence

The Michael Petrone Foundation

990EZ • Fiscal year 2014 • EIN 23-3000762

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

400 Van Gleason DriveCollegeville, PA 19426

(610) 409-9857

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 2014

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2014

Net Margin

3rd percentile

-143%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

-1.4%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$25,900

Down $15,988 (-38%) from 2013

Net Assets

Down

$25,900

Down $14,200 (-35%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$9,707

Down $138 (-1.4%) from 2013

Expenses

Up

$23,569

Up $9,992 (+74%) from 2013

Net Income

Down

-$13,862

Down $10,130 (-271%) from 2013

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2010: $40,338Net Assets 2010: $40,3382010Assets 2011: $41,973Net Assets 2011: $41,9732011Assets 2012: $45,547Liabilities 2012: $02012Assets 2013: $41,888Liabilities 2013: $1,788Net Assets 2013: $40,1002013Assets 2014: $25,900Net Assets 2014: $25,9002014Assets 2015: $14,351Net Assets 2015: $14,3512015Assets 2016: $7,335Net Assets 2016: $7,3352016Assets 2017: $7,293Net Assets 2017: $7,2932017Assets 2018: $5,975Net Assets 2018: $5,9752018Assets 2019: $15,633Net Assets 2019: $15,6332019Assets 2020: $14,988Net Assets 2020: $14,9882020Assets 2021: $16,233Net Assets 2021: $16,2332021Assets 2022: $16,654Net Assets 2022: $16,6542022Assets 2023: $19,999Net Assets 2023: $19,9992023Assets 2024: $23,391Net Assets 2024: $23,3912024

Highlighted filing

2014

Assets$25,900
Liabilities-
Net Assets$25,900

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $18,387Expenses 2010: $17,669Net Income 2010: $7182010Revenue 2011: $46,683Expenses 2011: $46,089Net Income 2011: $5942011Revenue 2012: $14,472Expenses 2012: $11,148Net Income 2012: $3,3242012Revenue 2013: $9,845Expenses 2013: $13,577Net Income 2013: -$3,7322013Revenue 2014: $9,707Expenses 2014: $23,569Net Income 2014: -$13,8622014Revenue 2015: $4,959Expenses 2015: $16,508Net Income 2015: -$11,5492015Revenue 2016: $28,951Expenses 2016: $35,967Net Income 2016: -$7,0162016Revenue 2017: $5,771Expenses 2017: $5,813Net Income 2017: -$422017Revenue 2018: $44,917Expenses 2018: $46,235Net Income 2018: -$1,3182018Revenue 2019: $44,024Expenses 2019: $34,366Net Income 2019: $9,6582019Revenue 2020: $4,050Expenses 2020: $4,695Net Income 2020: -$6452020Revenue 2021: $25,756Expenses 2021: $24,511Net Income 2021: $1,2452021Revenue 2022: $24,573Expenses 2022: $24,152Net Income 2022: $4212022Revenue 2023: $62,331Expenses 2023: $58,986Net Income 2023: $3,3452023Revenue 2024: $83,221Expenses 2024: $79,829Net Income 2024: $3,3922024

Highlighted filing

2014

Revenue$9,707
Expenses$23,569
Net Income-$13,862
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$19,052
Mission and Program Overview

Mission

Support of benevolent, charitable and educational undertakings

Program Services

DescriptionGrantsExpenses
PROVIDE FUNDS TO SUPPORT FAMILIES OF SICK AND DISABLED IN ACCORDANCE WITH THE ORGANIZATION'S WELFARE CAUSE.$15,500$15,500
PROVIDE FUNDS TO FOUR CHARITABLE ORGANIZATIONS IN ACCORDANCE WITH THE ORGANIZATION'S CHARITABLE CAUSE.$6,100$6,100
Provide funds to Pope John Paul II High School and Our Lady of Victory School Elementary School in accordance with the organization's educational cause.$1,862$1,862
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
THEODORE BOTZUMPres./Treas.PT$0--
AUGUSTUS SORTINOSec.PT$0--
KEN BUTLERDirectorPT$0--
NIKKI SAMBRICKDirectorPT$0--
DONNA MELLEDirectorPT$0--
DONNA SHEMARDirectorPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf outing$16,470$9,345-$9,345
Total Events$16,470$9,345$9,345-
Filing and Contact Details

Filer

Filer Name
The Michael Petrone Foundation
EIN
23-3000762
Phone
6104099857
Address
400 Van Gleason Drive, Collegeville, PA 19426

Signing Officer

Name
Augustus C Sortino
Title
Secretary
Phone
6104099857
Signed
2015-05-11
Discuss with paid preparer
Yes

Preparer

Firm
Michael K Wieber CPA
Address
400 VAN GLEASON DRIVE, COLLEGEVILLE, PA 19426
Preparer
Michael K Wieber CPA
Phone
6104099857
Supplemental Narrative

Additional Explanations

Other

990 EZ Part 1 Line 10 - See supporting schedule attached

Form 990EZ, Part I, Line 10

25% scholarships scholarships pope john paul ii high school none 1862. Support of summer day camp for disadvantaged youths contribution patrician society of central norristown none 5000. Provide support contribution ronald mcdonald house/camp none 500. Provide support contribution the arthritis foundation none 500. Provide support contribution fox chase cancer center none 100. Support of family of patient suffering from illness welfare steven vivian none 7500. Support of family of patient suffer

Form 990EZ, Part I, Line 16

Bank charges internet/website liability insurance licenses and permits 15. Office expense office supplies postage and delivery 92. Rounding

Form 990EZ, Part I, Line 20

Unrealized gain/(loss) on investments -338.

Form 990EZ, Part II, Line 24

DEPOSIT 0. 0.

Form 990EZ, Part II, Line 26

Accrued expenses-scholarships 1788. 0.

Raw XML Appendix203 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/TitleTxt5Director
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0-338
IRS990EZ/OtherExpensesTotalAmt0107
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provide funds to Pope John Paul II High School and Our Lady of Victory School Elementary School in accordance with the organization's educational cause.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDE FUNDS TO FOUR CHARITABLE ORGANIZATIONS IN ACCORDANCE WITH THE ORGANIZATION'S CHARITABLE CAUSE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2PROVIDE FUNDS TO SUPPORT FAMILIES OF SICK AND DISABLED IN ACCORDANCE WITH THE ORGANIZATION'S WELFARE CAUSE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01862
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt215500
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01788
IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 EZ Part 1 Line 10 - See supporting schedule attached
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt125% SCHOLARSHIPS SCHOLARSHIPS POPE JOHN PAUL II HIGH SCHOOL NONE 1862. SUPPORT OF SUMMER DAY CAMP FOR DISADVANTAGED YOUTHS CONTRIBUTION PATRICIAN SOCIETY OF CENTRAL NORRISTOWN NONE 5000. PROVIDE SUPPORT CONTRIBUTION RONALD MCDONALD HOUSE/CAMP NONE 500. PROVIDE SUPPORT CONTRIBUTION THE ARTHRITIS FOUNDATION NONE 500. PROVIDE SUPPORT CONTRIBUTION FOX CHASE CANCER CENTER NONE 100. SUPPORT OF FAMILY OF PATIENT SUFFERING FROM ILLNESS WELFARE STEVEN VIVIAN NONE 7500. SUPPORT OF FAMILY OF PATIENT SUFFER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES INTERNET/WEBSITE LIABILITY INSURANCE LICENSES AND PERMITS 15. OFFICE EXPENSE OFFICE SUPPLIES POSTAGE AND DELIVERY 92. ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNREALIZED GAIN/(LOSS) ON INVESTMENTS -338.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEPOSIT 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACCRUED EXPENSES-SCHOLARSHIPS 1788. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AUGUSTUS C SORTINO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06104099857
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Michael Petrone Foundation
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0233000762
ReturnHeader/Filer/PhoneNum06104099857
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 Van Gleason Drive
ReturnHeader/Filer/USAddress/CityNm0Collegeville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019426
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL K WIEBER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 VAN GLEASON DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLLEGEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019426
ReturnHeader/PreparerPersonGrp/PhoneNum06104099857
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL K WIEBER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-06-29T08:00:12-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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.$23.4$23.4$83.2$79.8$3.39
2023Detailed filing. Detailed filing data is available for this year.$20.0$20.0$62.3$59.0$3.35
2022Detailed filing. Detailed filing data is available for this year.$16.7$16.7$24.6$24.2$0.42
2021Detailed filing. Detailed filing data is available for this year.$16.2$16.2$25.8$24.5$1.25
2020Detailed filing. Detailed filing data is available for this year.$15.0$15.0$4.05$4.70$0.65
2019Detailed filing. Detailed filing data is available for this year.$15.6$15.6$44.0$34.4$9.66
2018Detailed filing. Detailed filing data is available for this year.$5.98$5.98$44.9$46.2$1.32
2017Detailed filing. Detailed filing data is available for this year.$7.29$7.29$5.77$5.81$0.04
2016Detailed filing. Detailed filing data is available for this year.$7.34$7.34$29.0$36.0$7.02
2015Detailed filing. Detailed filing data is available for this year.$14.4$14.4$4.96$16.5$11.5
2014Detailed filing. Detailed filing data is available for this year.$25.9$25.9$9.71$23.6$13.9
2013Detailed filing. Detailed filing data is available for this year.$41.9$1.79$40.1$9.85$13.6$3.73
2012Summary only. Only limited summary data is available for this year.$45.5$0.00$14.5$11.1$3.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.0$42.0$46.7$46.1$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$40.3$18.4$17.7$0.72