Civic Intelligence

Stetson Business School Foundation Incorporated

990 • Fiscal year 2018 • EIN 23-7138942

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 24, 2019

Campus Box 8398DeLand, FL 32723

(386) 822-7422

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

89th percentile

42%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

66th percentile

6.6%

Faster asset growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

301%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,780,676

Up $110,689 (+6.6%) from 2017

Net Assets

Up

$1,780,676

Up $110,689 (+6.6%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$264,111

Up $198,249 (+301%) from 2017

Expenses

Up

$153,422

Up $5,291 (+3.6%) from 2017

Net Income

Up

$110,689

Up $192,958 (+235%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,180,073Liabilities 2010: $0Net Assets 2010: $1,180,0732010Assets 2011: $1,325,647Liabilities 2011: $0Net Assets 2011: $1,325,6472011Assets 2012: $1,381,208Liabilities 2012: $0Net Assets 2012: $1,381,2082012Assets 2013: $1,332,252Liabilities 2013: $0Net Assets 2013: $1,332,2522013Assets 2014: $1,198,456Liabilities 2014: $0Net Assets 2014: $1,198,4562014Assets 2015: $1,816,939Liabilities 2015: $1Net Assets 2015: $1,816,9382015Assets 2016: $1,768,624Liabilities 2016: $0Net Assets 2016: $1,768,6242016Assets 2017: $1,669,987Liabilities 2017: $0Net Assets 2017: $1,669,9872017Assets 2018: $1,780,676Liabilities 2018: $0Net Assets 2018: $1,780,6762018Assets 2019: $1,768,160Liabilities 2019: $0Net Assets 2019: $1,768,1602019Assets 2020: $1,888,552Liabilities 2020: $0Net Assets 2020: $1,888,5522020Assets 2021: $2,540,413Liabilities 2021: $0Net Assets 2021: $2,540,4132021Assets 2022: $2,848,564Liabilities 2022: $0Net Assets 2022: $2,848,5642022Assets 2023: $2,843,391Liabilities 2023: $0Net Assets 2023: $2,843,3912023Assets 2024: $4,609,349Liabilities 2024: $0Net Assets 2024: $4,609,3492024

Highlighted filing

2018

Assets$1,780,676
Liabilities$0
Net Assets$1,780,676

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $150,3802010Expenses 2011: $148,4402011Expenses 2012: $44,0842012Expenses 2013: $254,8902013Revenue 2014: $118,019Expenses 2014: $107,882Net Income 2014: $10,1372014Revenue 2015: $741,912Expenses 2015: $123,430Net Income 2015: $618,4822015Revenue 2016: $98,212Expenses 2016: $146,526Net Income 2016: -$48,3142016Revenue 2017: $65,862Expenses 2017: $148,131Net Income 2017: -$82,2692017Revenue 2018: $264,111Expenses 2018: $153,422Net Income 2018: $110,6892018Revenue 2019: $137,173Expenses 2019: $149,689Net Income 2019: -$12,5162019Revenue 2020: $286,071Expenses 2020: $165,679Net Income 2020: $120,3922020Revenue 2021: $805,546Expenses 2021: $153,685Net Income 2021: $651,8612021Revenue 2022: $462,428Expenses 2022: $154,277Net Income 2022: $308,1512022Revenue 2023: $105,021Expenses 2023: $288,096Net Income 2023: -$183,0752023Revenue 2024: $198,938Expenses 2024: $197,322Net Income 2024: $1,6162024

Highlighted filing

2018

Revenue$264,111
Expenses$153,422
Net Income$110,689
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 24, 2019
Return Version
2017v2.2
Gross Receipts
$1,209,511
Mission and Program Overview

Mission

Support stetson university school of business administration faculty, students and programs.

Support Stetson University School of Business Administration faculty and students

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,669,987$1,780,676▲ $110,689
Investments in Publicly Traded Securities$1,554,776$1,656,708▲ $101,932
Savings and Temporary Cash Investments$91,003$111,308▲ $20,305
Cash and Non-Interest-Bearing Accounts$24,208$12,660▼ $11,548
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 Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,669,987$1,780,676▲ $110,689
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,669,987$1,780,676▲ $110,689
Total Liabilities and Net Assets / Fund Balance$1,669,987$1,780,676▲ $110,689

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$311,480$1,500▲ $35,560$1,675$333,365
2016$307,802$1,050▲ $9,884$1,756$311,480
2015$304,759$500▲ $3,391$98$307,802
2014$2,650$302,782--$304,759
2013-$2,650--$2,650
Compensation and Service Providers

Board Members and Trustees

NameTitle
George ShierlingPresident
Sidney TaylorVice President
Candace LankfordDirector
Cayce BalaraDirector
Cory RhoadsDirector
Edwin P B SandersDirector
Fred LaneDirector
John McCulloughDirector
Judson StrykerDirector
Michael SweeneyDirector
Neal P MeroDirector
Paul E DascherDirector
Russell L KeltonDirector
Stuart MichelsonDirector
Thomas J UnderwoodDirector
Derek MearsAsst Treasurer
Michael BitterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,649
Program Service Revenue
$0
Investment Income
$189,462
Other Revenue
$0
All Other Contributions
$74,649
Change in Net Assets
$110,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,953
Other Expenses$30,469
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$95,770--$95,770
Grants to Domestic Individuals$27,183--$27,183
Fees for Service Investment Mgmnt Fees-$9,023-$9,023
Fees for Services Accounting-$3,634-$3,634
Fees for Services Other-$3,000-$3,000
Conferences and Meetings$1,151--$1,151
Insurance-$779-$779
Other Expenses$2,500$705-$705
All Other Expenses-$121-$121
Total Functional Expenses$136,160$17,262$0$153,422
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Stetson UniversityDeland, FL-Support faculty and students$95,770
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
Yes
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

The tax return is prepared by an independent CPA firm and the return is reviewed by the treasurer in detail prior to filing the return.

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

No documents available to the public. The Foundation relies on public requests to the Internal Revenue Service for public inspection.

Filing and Contact Details

Filer

Filer Name
Stetson Business School Foundation Inc
EIN
23-7138942
Phone
3868227422
Address
Campus Box 8398, DeLand, FL 32723

Signing Officer

Name
Michael Bitter
Title
Treasurer
Signed
2019-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bitter
Formed
1972
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Florida Wealth Counseling LLP CPAs
Address
145 East Rich Avenue Suite A, DeLand, FL 32724
Preparer
Mary Jeanne Ludwig
Phone
3867360227
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

During the FYE 06/30/2015 the Foundation received a distribution from the George Putnam Trust. The endowment and income from the endowment are restricted to student scholarships. Yearly donations received for the accounting department and the Paul Dasher scholarship come directly from individual donations and are earmarked for such a purpose.

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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt095770
IRS990/GrantsToDomesticOrgsGrp/TotalAmt095770
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01084664
IRS990/GrossReceiptsAmt01209511
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0779
IRS990/InsuranceGrp/TotalAmt0779
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt050198
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050198
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01554776
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01656708
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0945400
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Support Stetson University School of Business Administration faculty and students
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01669987
IRS990/NetAssetsOrFundBalancesEOYAmt01780676
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0139264
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0139264
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Student Honor Banquet
IRS990/OtherExpensesGrp/Desc1Faculty Appreciation Dinner
IRS990/OtherExpensesGrp/Desc2Premier Publishing
IRS990/OtherExpensesGrp/Desc3Board Meeting Exp
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0705
IRS990/OtherExpensesGrp/ProgramServicesAmt05279
IRS990/OtherExpensesGrp/ProgramServicesAmt14277
IRS990/OtherExpensesGrp/ProgramServicesAmt22500
IRS990/OtherExpensesGrp/TotalAmt05279
IRS990/OtherExpensesGrp/TotalAmt14277
IRS990/OtherExpensesGrp/TotalAmt22500
IRS990/OtherExpensesGrp/TotalAmt3705
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Michael Bitter
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Stetson University School of Business Administration Faculty awards and payment of faculty travel expenses for seminars and conferences
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt027108
IRS990/ProgSrvcAccomActy2Grp/GrantAmt021680
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06450
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0106037
IRS990/PYInvestmentIncomeAmt058847
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt042094
IRS990/PYProgramServiceRevenueAmt0565
IRS990/PYRevenuesLessExpensesAmt0-82269
IRS990/PYTotalExpensesAmt0148131
IRS990/PYTotalRevenueAmt065862
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0110689
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01669987
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01780676
IRS990/SavingsAndTempCashInvstGrp/BOYAmt091003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0111308
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt054026
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt042781
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/CurrentYearAmt03828
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt06989
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt050198
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt035792
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt09023
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt08393
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt045003
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt034388
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt034388
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt062055
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt062055
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt029230
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt062055
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt062055
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt062055
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0136160
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0136160
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt051007
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0113062
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0187167
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0136160
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt051007
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.61$0.00$4.61$0.20$0.20$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.84$0.00$2.84$0.11$0.29$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$0.46$0.15$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.81$0.15$0.65
2020Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.29$0.17$0.12
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.14$0.15$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.26$0.15$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.07$0.15$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.10$0.15$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.74$0.12$0.62
2014Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.12$0.11$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.00$1.33$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.00$1.18$0.15