Civic Intelligence

Three Rivers Community Foundation

990 • Fiscal year 2015 • EIN 25-1615511

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

100 North Braddock Ave Suite 302Pittsburgh, PA 15208

(412) 243-9250

Siviq Scores

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

Liabilities / Assets

36th percentile

0.01x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.05x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

18th percentile

-8.9%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

37%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$885,724

Down $86,159 (-8.9%) from 2014

Net Assets

Down

$877,599

Down $86,950 (-9.0%) from 2014

Liabilities

Up

$8,125

Up $791 (+11%) from 2014

Revenue

Up

$179,383

Up $48,633 (+37%) from 2014

Expenses

Down

$160,462

Down $7,244 (-4.3%) from 2014

Net Income

Up

$18,921

Up $55,877 (+151%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $947,341Liabilities 2010: $36,700Net Assets 2010: $910,6412010Assets 2011: $1,016,434Liabilities 2011: $5,465Net Assets 2011: $1,010,9692011Assets 2012: $903,415Liabilities 2012: $8,952Net Assets 2012: $894,4632012Assets 2013: $902,154Liabilities 2013: $7,422Net Assets 2013: $894,7322013Assets 2014: $971,883Liabilities 2014: $7,334Net Assets 2014: $964,5492014Assets 2015: $885,724Liabilities 2015: $8,125Net Assets 2015: $877,5992015Assets 2018: $1,057,712Liabilities 2018: $1,644Net Assets 2018: $1,056,0682018

Highlighted filing

2015

Assets$885,724
Liabilities$8,125
Net Assets$877,599

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $73,840Expenses 2010: $152,716Net Income 2010: -$78,8762010Expenses 2011: $170,0802011Expenses 2012: $138,6682012Expenses 2013: $141,4532013Revenue 2014: $130,750Expenses 2014: $167,706Net Income 2014: -$36,9562014Revenue 2015: $179,383Expenses 2015: $160,462Net Income 2015: $18,9212015Revenue 2018: $266,426Expenses 2018: $101,519Net Income 2018: $164,9072018

Highlighted filing

2015

Revenue$179,383
Expenses$160,462
Net Income$18,921
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$185,605
Mission and Program Overview

Mission

Three rivers community foundation advances social change through grantmaking, advocacy, and capacity development for grassroots and other organizations. Trcf embraces and practices "change, not charity" by empowering grantee organizations to ensure social, economic, and environmental justice in southwestern pennsylvania.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$956,186$825,486▼ $130,700
Cash and Non-Interest-Bearing Accounts$16,785$60,238▲ $43,453
Total Assets$972,971$885,724▼ $87,247
Liabilities
Other Liabilities$9,234$6,227▼ $3,007
Accounts Payable and Accrued Expenses-$1,898-
Total Liabilities$9,234$8,125▼ $1,109
Net Assets / Fund Balance
Unrestricted Net Assets$963,737$877,599▼ $86,138
Total Net Assets Fund Balance$963,737$877,599▼ $86,138
Total Liabilities and Net Assets / Fund Balance$972,971$885,724▼ $87,247

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$12,926$12,926

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2012$899,845-▲ $84,578-$891,719
2011$990,618-▼ $19,365$65,565$899,845
2010$914,000$4,550▲ $218,008$137,384$990,618
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$118,941
Program Service Revenue
$0
Investment Income
$57,679
Other Revenue
$2,763
All Other Contributions
$118,941
Change in Net Assets
$18,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$179,383
Revenue Not Reported on Form 990
$-105,059
Total Revenue per Audited Statements
$74,324
Total Revenue per Form 990
$179,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,987
Other Expenses$44,475
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$68,045--$68,045
Grants to Domestic Orgs$40,000--$40,000
Fees for Service Investment Mgmnt Fees$6,235--$6,235
All Other Expenses$6,008--$6,008
Payroll Taxes$5,843--$5,843
Office Expenses$5,806--$5,806
Occupancy$4,840--$4,840
Other Employee Benefits$2,099--$2,099
Other Expenses$1,887--$1,887
Advertising$1,404--$1,404
Insurance$1,202--$1,202
Travel$365--$365
Conferences and Meetings$186--$186
Total Functional Expenses$160,462$0$0$160,462

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$160,462
Total Expenses per Audited Statements$160,462
Total Expenses per Form 990$160,462
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,985
Fundraising Direct Expenses$6,222
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued and Withheld Payroll Taxes$4,161
Pnc Credit Card$2,066
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, Page 6, Part VI, Line 11B

Our independent auditors prepare and deliver a draft of the form 990 to the treasurer of our organization and it is available to all members of the board of directors for their review. Everyone is given time to review the draft form 990 and respond to our auditors with their comments. After this period, all appropriate edits are made to the draft form 990. The final edited version is then filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

Annually all board members are provided with a copy of the organization's conflict of interest policy to read and review. All board members are required to disclose all current conflicts and any other conflicts as they arise. This way management and the board can monitor all conflicts and enforce the conflict of interest policy on a current basis.

Form 990, Page 6, Part VI, Line 15A

The compensation of our executive director is reviewed annually by the board of directors. The board reviews compensation data obtained from various sources on the internet, and comparing other executive director compensation in similar industries and budget size as reported on these organization's form 990.

Form 990, Page 6, Part VI, Line 19

The organization will provide copies of governing documents, conflict of interest policy, and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Three Rivers Community Foundation
EIN
25-1615511
Phone
4122439250
Address
100 NORTH BRADDOCK AVE SUITE 302, PITTSBURGH, PA 15208

Signing Officer

Name
Nick Palazzetti
Title
Executive Director
Phone
4122439250
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nick Palazzetti
Formed
1989
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
2

Preparer

Firm
Buckler Mckenney & Nadzadi Pc
Address
116 FOX PLAN ROAD, MONROEVILLE, PA 15146
Preparer
Mitchell K Mckenney
Phone
4128567880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Three rivers community foundation advances social change through grantmaking, advocacy, and capacity development for grassroots and other organizations. Trcf embraces and practices "change, not charity" by empowering grantee organizations to ensure social, economic, and environmental justice in southwestern pennsylvania.

Form 990, Page 2, Part III, Line 4D

Internship program trcf has several internship positions open to college and university students, in addition to non-traditional students and interested volunteers. Internship positions include things such as outreach, youth program facilitators, fund development, blog writing, public relations, website development, and special events planning.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED AND WITHHELD PAYROLL TAXES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THREE RIVERS COMMUNITY FOUNDATION ADVANCES SOCIAL CHANGE THROUGH GRANTMAKING, ADVOCACY, AND CAPACITY DEVELOPMENT FOR GRASSROOTS AND OTHER ORGANIZATIONS. TRCF EMBRACES AND PRACTICES "CHANGE, NOT CHARITY" BY EMPOWERING GRANTEE ORGANIZATIONS TO ENSURE SOCIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE IN SOUTHWESTERN PENNSYLVANIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INTERNSHIP PROGRAM TRCF HAS SEVERAL INTERNSHIP POSITIONS OPEN TO COLLEGE AND UNIVERSITY STUDENTS, IN ADDITION TO NON-TRADITIONAL STUDENTS AND INTERESTED VOLUNTEERS. INTERNSHIP POSITIONS INCLUDE THINGS SUCH AS OUTREACH, YOUTH PROGRAM FACILITATORS, FUND DEVELOPMENT, BLOG WRITING, PUBLIC RELATIONS, WEBSITE DEVELOPMENT, AND SPECIAL EVENTS PLANNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR INDEPENDENT AUDITORS PREPARE AND DELIVER A DRAFT OF THE FORM 990 TO THE TREASURER OF OUR ORGANIZATION AND IT IS AVAILABLE TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW. EVERYONE IS GIVEN TIME TO REVIEW THE DRAFT FORM 990 AND RESPOND TO OUR AUDITORS WITH THEIR COMMENTS. AFTER THIS PERIOD, ALL APPROPRIATE EDITS ARE MADE TO THE DRAFT FORM 990. THE FINAL EDITED VERSION IS THEN FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY TO READ AND REVIEW. ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL CURRENT CONFLICTS AND ANY OTHER CONFLICTS AS THEY ARISE. THIS WAY MANAGEMENT AND THE BOARD CAN MONITOR ALL CONFLICTS AND ENFORCE THE CONFLICT OF INTEREST POLICY ON A CURRENT BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF OUR EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD REVIEWS COMPENSATION DATA OBTAINED FROM VARIOUS SOURCES ON THE INTERNET, AND COMPARING OTHER EXECUTIVE DIRECTOR COMPENSATION IN SIMILAR INDUSTRIES AND BUDGET SIZE AS REPORTED ON THESE ORGANIZATION'S FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION WILL PROVIDE COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NICK PALAZZETTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04122439250
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THREE RIVERS COMMUNITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0THRE
ReturnHeader/Filer/EIN0251615511
ReturnHeader/Filer/PhoneNum04122439250
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ReturnHeader/Filer/USAddress/ZIPCd015208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251769537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCKLER MCKENNEY & NADZADI PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0116 FOX PLAN ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015146
ReturnHeader/PreparerPersonGrp/PhoneNum04128567880
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MITCHELL K MCKENNEY
ReturnHeader/ReturnTs02016-05-13T17:08:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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