Civic Intelligence

North East Community Foundation

990 • Fiscal year 2016 • EIN 25-1650208

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 12, 2017

459 West 6th StErie, PA 16507

(814) 725-7107

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.18x

Higher debt load relative to revenue than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

4th percentile

-92%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

60th percentile

4.3%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-64%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,008,082

Up $206,478 (+4.3%) from 2015

Net Assets

Up

$4,978,840

Up $210,910 (+4.4%) from 2015

Liabilities

Down

$29,242

Down $4,432 (-13%) from 2015

Revenue

Down

$163,521

Down $289,078 (-64%) from 2015

Expenses

Up

$314,194

Up $41,462 (+15%) from 2015

Net Income

Down

-$150,673

Down $330,540 (-184%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $1,684,980Liabilities 2010: $47,602Net Assets 2010: $1,637,3782010Assets 2011: $3,303,184Liabilities 2011: $48,845Net Assets 2011: $3,254,3392011Assets 2012: $4,118,544Liabilities 2012: $70,726Net Assets 2012: $4,047,8182012Assets 2013: $4,849,427Liabilities 2013: $64,176Net Assets 2013: $4,785,2512013Assets 2014: $4,866,428Liabilities 2014: $39,087Net Assets 2014: $4,827,3412014Assets 2015: $4,801,604Liabilities 2015: $33,674Net Assets 2015: $4,767,9302015Assets 2016: $5,008,082Liabilities 2016: $29,242Net Assets 2016: $4,978,8402016Assets 2017: $5,666,482Liabilities 2017: $27,639Net Assets 2017: $5,638,8432017Assets 2018: $7,024,922Liabilities 2018: $29,798Net Assets 2018: $6,995,1242018Assets 2019: $7,885,187Liabilities 2019: $74,585Net Assets 2019: $7,810,6022019Assets 2020: $8,867,788Liabilities 2020: $51,262Net Assets 2020: $8,816,5262020Assets 2021: $11,474,978Liabilities 2021: $62,268Net Assets 2021: $11,412,7102021Assets 2022: $15,058,811Liabilities 2022: $97,012Net Assets 2022: $14,961,7992022Assets 2023: $16,124,238Liabilities 2023: $52,877Net Assets 2023: $16,071,3612023Assets 2024: $17,237,835Liabilities 2024: $49,612Net Assets 2024: $17,188,2232024

Highlighted filing

2016

Assets$5,008,082
Liabilities$29,242
Net Assets$4,978,840

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $88,0772010Expenses 2011: $123,0892011Expenses 2012: $195,2502012Revenue 2013: $842,279Expenses 2013: $151,758Net Income 2013: $690,5212013Revenue 2014: $357,829Expenses 2014: $186,528Net Income 2014: $171,3012014Revenue 2015: $452,599Expenses 2015: $272,732Net Income 2015: $179,8672015Revenue 2016: $163,521Expenses 2016: $314,194Net Income 2016: -$150,6732016Revenue 2017: $479,766Expenses 2017: $315,942Net Income 2017: $163,8242017Revenue 2018: $2,333,402Expenses 2018: $261,542Net Income 2018: $2,071,8602018Revenue 2019: $266,142Expenses 2019: $411,938Net Income 2019: -$145,7962019Revenue 2020: $673,855Expenses 2020: $546,379Net Income 2020: $127,4762020Revenue 2021: $2,049,144Expenses 2021: $464,418Net Income 2021: $1,584,7262021Revenue 2022: $5,655,422Expenses 2022: $597,171Net Income 2022: $5,058,2512022Revenue 2023: $810,180Expenses 2023: $751,977Net Income 2023: $58,2032023Revenue 2024: $1,396,869Expenses 2024: $885,353Net Income 2024: $511,5162024

Highlighted filing

2016

Revenue$163,521
Expenses$314,194
Net Income-$150,673
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 12, 2017
Return Version
2016v3.1
Gross Receipts
$1,744,786
Mission and Program Overview

Mission

The mission of the north east community foundation is to assist a diverse group of donors in improving the quality of life in and around north east by creatiing endowments making it easy to carry out the donors' philanthropic interests in a professional and timely manner.

Public charitable community foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,787,081$5,001,131▲ $214,050
Cash and Non-Interest-Bearing Accounts$14,523$6,951▼ $7,572
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,801,604$5,008,082▲ $206,478
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$33,153$29,207▼ $3,946
Accounts Payable and Accrued Expenses$521$35▼ $486
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$33,674$29,242▼ $4,432
Net Assets / Fund Balance
Unrestricted Net Assets$4,733,650$4,940,915▲ $207,265
Temporarily Rstr Net Assets$34,280$37,925▲ $3,645
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$4,767,930$4,978,840▲ $210,910
Total Liabilities and Net Assets / Fund Balance$4,801,604$5,008,082▲ $206,478

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$486,613--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,700,977$65,547▲ $398,017$30,327$4,899,729
2015$4,718,480$293,764▼ $86,435$27,665$4,700,977
2014$4,705,760$51,497▲ $164,362$25,767$4,718,481
2013$4,011,474$338,014▲ $547,404$13,769$4,705,760
2012$3,198,481$571,578▲ $424,971$9,691$4,011,474
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$115,486
Program Service Revenue
$0
Investment Income
$40,915
Other Revenue
$7,120
All Other Contributions
$115,486
Change in Net Assets
$-150,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,220
Revenue Not Reported on Financial Statements
$78,301
Revenue Not Reported on Form 990
$361,583
Other Revenue Adjustments
$50,544
Total Revenue per Audited Statements
$446,803
Total Revenue per Form 990
$163,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$235,960
Other Expenses$78,234
Total Fundraising Expense$6,417
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$234,710--$234,710
Fees for Service Investment Mgmnt Fees$38,598$30,733-$69,331
Advertising--$3,321$3,321
Conferences and Meetings--$3,096$3,096
Grants to Domestic Individuals$1,250--$1,250
Fees for Services Management-$1,095-$1,095
Office Expenses-$821-$821
Information Technology-$420-$420
Other Expenses-$150-$150
Total Functional Expenses$274,558$33,219$6,417$314,194

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$314,194
Expenses per Audited Statements$248,383
Total Expenses per Audited Statements$248,383
Expenses Not Reported on Financial Statements$65,811
Other Expense Adjustments$38,054
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Park United Methodist ChurchNorth East, PA501(c)(3)Various Projects$25,353
Downtown North East IncErie, PA501(c)(3)Various Projects$22,693
Mercyhurst University North EastNorth East, PA501(c)(3)Various Projects$22,647
Nine Thrift ShopNorth East, PA501(c)(3)Various Projects$17,410
Common Ground Youth CenterNorth East, PA501(c)(3)Various Projects$11,316
Mercyhurst UniversityErie, PA501(c)(3)Various Projects$10,543
Lake Shore Railway Historical Society IncNorth East, PA501(c)(3)Various Projects$9,125
North East in BloomNorth East, PA501(c)(3)Various Projects$8,871
McCord Memorial LibraryNorth East, PA501(c)(3)Various Projects$8,605
North East Arts CouncilNorth East, PA501(c)(3)Various Projects$8,368
North East Historical SocietyNorth East, PA501(c)(3)Various Projects$7,389
Penn State Erie the Behrend CollegeErie, PA501(c)(3)General Operations$6,408
Penn State UniversityUniversity Park, PA501(c)(3)General Operations$6,408
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuity Obligations$29,207
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 7A:

North east community foundation signed an affiliate agreement with the erie community foundation. Since then erie community foundation has had the right to appoint the majority of the board of north east community foundation.

FORM 990, PART VI, SECTION B, LINE 11:

Internal reviews of the form 990 are done by the vp of finance and the president. This review consists of tracing all figures from internally developed schedules to the 990 and reviewing all discrepancies with the tax preparers. Note that the full board of trustees receive copies of the 990 before filing for their review and comment. A final review is conducted by the finance committee.

FORM 990, PART VI, SECTION B, LINE 12 C:

BOARD OF TRUSTEE MEMBERS MUST ANNUALLY DISCLOSE, IN FULL THE NAME OF EACH BUSINESS OR NONPROFIT ORGANIZATION THAT HAS OR REASONABLY EXPECTS TO HAVE A MATERIAL INTEREST IN ANY PROPOSED EXISTING CONTRACT, TRANSACTION OR ARRANGEMENT WITH THE FOUNDATION AND IN WHICH HE/SHE, HIS/HER SPOUSE OR ANY MEMBER OF THEIR IMMEDIATE FAMILY IS A MEMBER, DIRECTOR, OFFICER, EMPLOYER OR PARTNER. BOARD OF TRUSTEE MEMBERS ARE PROVIDED A FORM EACH YEAR FOR THIS PURPOSE. FOUNDATION STAFF FOLLOW-UP WITH TRUSTEES AS NECESSARY TO MAKE SURE THAT ALL FORMS ARE EXECUTED AND RETURNED. IN ADDITION TO THE ANNUAL DISCLOSURE, THE FOUNDATION'S CONFLICT OF INTEREST POLICY, WHICH ALL TRUSTEES MUST SIGN EACH YEAR, PROVIDES THAT TRUSTEES HAVING A CONTINUING OBLIGATION TO REPORT CONFLICTS AND MUST PROMPTLY REPORT ANY CONFLICT THAT HAS NOT Previously BEEN REPORTED. TRUSTEES THAT ARE DEEMED TO HAVE A CONFLICT OF INTEREST BASED ON THE ABOVE PROCESSESS ARE RECUSED FROM PARTICIPATING IN VOTING.

FORM 990, PART VI, SECTION C, LINE 19:

North east community foundation's organizational documents are available upon request.

Filing and Contact Details

Filer

Filer Name
North East Community Foundation
EIN
25-1650208
In Care Of
% BARBARA F SAMBROAK CPA
Phone
8147257107
Address
459 WEST 6TH ST, ERIE, PA 16507

Signing Officer

Name
Barbara F Sambroak
Title
VP of Finance
Phone
8144540843
Signed
2017-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara F Sambroak CPA
Formed
1991
Legal Domicile
Pa
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Bkd Llp
Address
2402 W 8th Street, Erie, PA 16505
Preparer
Vincent Halupczynski
Phone
8144544008
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Changes in value of split interest agreements. ($1,149)

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

Form 990, Schedule D, Part XI Line 2D:

Change in value of split interest agreements ($1,149)

FORM 990, SCHEDULE D, Part XI Line 4B:

agency endowment additions $50,544

FORM 990, SCHEDULE D, Part XII Line 4B:

AGENCY EXPENSES $38,054

FORM 990, SCHEDULE D, PART X, LINE 2:

Management has evaluated their income tax positions under guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.2$0.05$17.2$1.40$0.89$0.51
2023Detailed filing. Detailed filing data is available for this year.$16.1$0.05$16.1$0.81$0.75$0.06
2022Detailed filing. Detailed filing data is available for this year.$15.1$0.10$15.0$5.66$0.60$5.06
2021Detailed filing. Detailed filing data is available for this year.$11.5$0.06$11.4$2.05$0.46$1.58
2020Detailed filing. Detailed filing data is available for this year.$8.87$0.05$8.82$0.67$0.55$0.13
2019Detailed filing. Detailed filing data is available for this year.$7.89$0.07$7.81$0.27$0.41$0.15
2018Detailed filing. Detailed filing data is available for this year.$7.02$0.03$7.00$2.33$0.26$2.07
2017Detailed filing. Detailed filing data is available for this year.$5.67$0.03$5.64$0.48$0.32$0.16
2016Detailed filing. Detailed filing data is available for this year.$5.01$0.03$4.98$0.16$0.31$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.80$0.03$4.77$0.45$0.27$0.18
2014Detailed filing. Detailed filing data is available for this year.$4.87$0.04$4.83$0.36$0.19$0.17
2013Detailed filing. Detailed filing data is available for this year.$4.85$0.06$4.79$0.84$0.15$0.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.07$4.05$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.05$3.25$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.05$1.64$0.09