Civic Intelligence

William L Goldfarb Foundation for Education & Resrch of Lwr Extm Inc.

990 • Fiscal year 2020 • EIN 25-1753563

Jun 01, 2019 to May 31, 2020 • Filed on Sep 01, 2020

757 Poplar Church RoadCamp Hill, PA 17011

(717) 763-7665

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.24x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.27x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

31st percentile

-3.5%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$15,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

30th percentile

-1.1%

Faster asset growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-17%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$727,855

Down $8,339 (-1.1%) from 2019

Net Assets

Down

$550,847

Down $11,584 (-2.1%) from 2019

Liabilities

Up

$177,008

Up $3,245 (+1.9%) from 2019

Revenue

Down

$653,229

Down $131,900 (-17%) from 2019

Expenses

Down

$675,992

Down $24,733 (-3.5%) from 2019

Net Income

Down

-$22,763

Down $107,167 (-127%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $402,622Liabilities 2010: $111,129Net Assets 2010: $291,4932010Assets 2011: $440,616Liabilities 2011: $176,094Net Assets 2011: $264,5222011Assets 2012: $395,912Liabilities 2012: $134,259Net Assets 2012: $261,6532012Assets 2013: $466,753Liabilities 2013: $126,262Net Assets 2013: $340,4912013Assets 2014: $451,004Liabilities 2014: $124,776Net Assets 2014: $326,2282014Assets 2015: $430,863Liabilities 2015: $142,690Net Assets 2015: $288,1732015Assets 2016: $458,900Liabilities 2016: $119,448Net Assets 2016: $339,4522016Assets 2017: $596,778Liabilities 2017: $184,731Net Assets 2017: $412,0472017Assets 2018: $640,812Liabilities 2018: $149,456Net Assets 2018: $491,3562018Assets 2019: $736,194Liabilities 2019: $173,763Net Assets 2019: $562,4312019Assets 2020: $727,855Liabilities 2020: $177,008Net Assets 2020: $550,8472020Assets 2021: $886,068Liabilities 2021: $143,360Net Assets 2021: $742,7082021Assets 2022: $771,410Liabilities 2022: $114,258Net Assets 2022: $657,1522022Assets 2023: $810,106Liabilities 2023: $276,274Net Assets 2023: $533,8322023Assets 2024: $584,828Liabilities 2024: $75,033Net Assets 2024: $509,7952024Assets 2025: $702,421Liabilities 2025: $118,125Net Assets 2025: $584,2962025

Highlighted filing

2020

Assets$727,855
Liabilities$177,008
Net Assets$550,847

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $517,3142010Expenses 2011: $631,1332011Expenses 2012: $524,4812012Expenses 2013: $569,5012013Revenue 2014: $590,398Expenses 2014: $604,562Net Income 2014: -$14,1642014Revenue 2015: $590,806Expenses 2015: $628,610Net Income 2015: -$37,8042015Revenue 2016: $690,260Expenses 2016: $638,730Net Income 2016: $51,5302016Revenue 2017: $730,665Expenses 2017: $664,603Net Income 2017: $66,0622017Revenue 2018: $740,447Expenses 2018: $665,085Net Income 2018: $75,3622018Revenue 2019: $785,129Expenses 2019: $700,725Net Income 2019: $84,4042019Revenue 2020: $653,229Expenses 2020: $675,992Net Income 2020: -$22,7632020Revenue 2021: $561,780Expenses 2021: $449,152Net Income 2021: $112,6282021Revenue 2022: $403,953Expenses 2022: $432,884Net Income 2022: -$28,9312022Revenue 2023: $448,200Expenses 2023: $556,288Net Income 2023: -$108,0882023Revenue 2024: $584,170Expenses 2024: $637,759Net Income 2024: -$53,5892024Revenue 2025: $793,928Expenses 2025: $688,397Net Income 2025: $105,5312025

Highlighted filing

2020

Revenue$653,229
Expenses$675,992
Net Income-$22,763
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Sep 1, 2020
Return Version
2019v5.0
Gross Receipts
$739,418
Mission and Program Overview

Mission

To enhance the knowledge of all persons with regard to the profession of podiatric medicine by and through the presentation of educational sessions in seminar and instructional media formats,production of scientific papers, funding and conduct of research, and presentation of information relative to any aspect of podiatric medicine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$253,304$340,364▲ $87,060
Savings and Temporary Cash Investments$376,266$288,004▼ $88,262
Inventories for Sale or Use$18,811$12,496▼ $6,315
Prepaid Expenses and Deferred Charges$10,413$9,591▼ $822
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Total Assets$736,194$727,855▼ $8,339
Other Assets Total$77,100$77,100→ $0
Liabilities
Other Liabilities$109,088$136,352▲ $27,264
Deferred Revenue$57,150$38,413▼ $18,737
Accounts Payable and Accrued Expenses$7,525$2,243▼ $5,282
Total Liabilities$173,763$177,008▲ $3,245
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$551,142$539,319▼ $11,823
Net Assets With Donor Restrictions$11,289$11,528▲ $239
Total Net Assets Fund Balance$562,431$550,847▼ $11,584
Total Liabilities and Net Assets / Fund Balance$736,194$727,855▼ $8,339

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$33,832$33,832
Other Assets Org$77,100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeff Dunkerley DpmPresidentPT$15,000$15,000
John a Marty DpmFormer PresiPT$15,000$15,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$13,950
Program Service Revenue
$638,420
Investment Income
$859
Other Revenue
$0
All Other Contributions
$13,950
Change in Net Assets
$-22,763

Audited Revenue Reconciliation

Revenue per Audited Statements
$653,229
Revenue Not Reported on Form 990
$11,179
Total Revenue per Audited Statements
$664,408
Total Revenue per Form 990
$653,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$644,992
Salaries, Compensation, and Employee Benefits$30,000
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$365,541--$365,541
Advertising$33,861--$33,861
Current Officers, Directors, Trustees, and Key Employees$30,000--$30,000
Information Technology$13,992--$13,992
Fees for Services Accounting-$7,228-$7,228
Office Expenses$3,038--$3,038
All Other Expenses$1,006--$1,006
Grants to Domestic Orgs$1,000--$1,000
Other Expenses$874$191,352-$874
Total Functional Expenses$477,412$198,580$0$675,992

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$675,992
Total Expenses per Audited Statements$675,992
Total Expenses per Form 990$675,992
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$136,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 11B

The cpa preparing form 990 sends a draft copy to the executive director who in turn makes it available to the board of directors.

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

The organization monitors and enforces compliance with conflict of interest policy by the use of questionnaires to the board of directors.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents, financial statements and conflict of interest policy are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
William L Goldfarb Foundation
EIN
25-1753563
Phone
7177637665
Address
757 POPLAR CHURCH ROAD, CAMP HILL, PA 17011

Signing Officer

Name
Michael Q Davis
Title
Executive Director
Phone
7177637655
Signed
2020-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Q Davis
Formed
1994
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Sager Swisher & Company Llp
Address
619 WEST CHESTNUT STREET, LANCASTER, PA 17603
Preparer
John D Murr CPA
Phone
7172994563
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To enhance the knowledge of all persons with regard to the profession of podiatric medicine by and through the presentation of educational sessions in seminar and instructional media formats,production of scientific papers, funding and conduct of research, and presentation of information relative to any aspect of podiatric medicine.

Form 990, Part XI, Line 9

Fees netted against investment income -1,181 fees netted against investment income 0 total -1,181

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the provisions of the fasb asc topic relating to income taxes, relating to accounting for uncertainty in income taxes. The organization recognizes the benefits or liabilities associated with a tax position during the period which, based on available evidence, management believes it is more likely than not that the position will be upheld upon examination. Tax positions that are other than routine business transactions are reevaluated annually. Generally, the statute of limitations for filing returns is three years from the date of filing. Management is not aware of any uncertain tax positions taken by the organization.

Schedule D, Page 4, Part XI, Line 2D

Fees netted against investment income -1,181

Schedule D, Page 4, Part XII, Line 2D

Fees netted against investment income 0

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IRS990/OtherExpensesGrp/Desc0EXPENSES ALLOC. FOR ADMIN
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IRS990/OtherExpensesGrp/Desc2CME APPLICATION EXPENSE
IRS990/OtherExpensesGrp/Desc3SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0191352
IRS990/OtherExpensesGrp/ProgramServicesAmt022350
IRS990/OtherExpensesGrp/ProgramServicesAmt15750
IRS990/OtherExpensesGrp/ProgramServicesAmt2874
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IRS990/OtherExpensesGrp/TotalAmt122350
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IRS990/PrincipalOfficerNm0MICHAEL Q DAVIS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt125332
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0288004
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040289
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015802
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05700
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt077
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0638420
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0732711
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0714438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0644599
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03447922
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05700
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IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt033832
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0136352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt0-1181
IRS990ScheduleD/RevenueNotReportedAmt011179
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF THE FASB ASC TOPIC RELATING TO INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION RECOGNIZES THE BENEFITS OR LIABILITIES ASSOCIATED WITH A TAX POSITION DURING THE PERIOD WHICH, BASED ON AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE UPHELD UPON EXAMINATION. TAX POSITIONS THAT ARE OTHER THAN ROUTINE BUSINESS TRANSACTIONS ARE REEVALUATED ANNUALLY. GENERALLY, THE STATUTE OF LIMITATIONS FOR FILING RETURNS IS THREE YEARS FROM THE DATE OF FILING. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS TAKEN BY THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FEES NETTED AGAINST INVESTMENT INCOME -1,181
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FEES NETTED AGAINST INVESTMENT INCOME 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENHANCE THE KNOWLEDGE OF ALL PERSONS WITH REGARD TO THE PROFESSION OF PODIATRIC MEDICINE BY AND THROUGH THE PRESENTATION OF EDUCATIONAL SESSIONS IN SEMINAR AND INSTRUCTIONAL MEDIA FORMATS,PRODUCTION OF SCIENTIFIC PAPERS, FUNDING AND CONDUCT OF RESEARCH, AND PRESENTATION OF INFORMATION RELATIVE TO ANY ASPECT OF PODIATRIC MEDICINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CPA PREPARING FORM 990 SENDS A DRAFT COPY TO THE EXECUTIVE DIRECTOR WHO IN TURN MAKES IT AVAILABLE TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICY BY THE USE OF QUESTIONNAIRES TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FEES NETTED AGAINST INVESTMENT INCOME -1,181 FEES NETTED AGAINST INVESTMENT INCOME 0 TOTAL -1,181
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0251751371
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INSURANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0PODIATRIC MEDICAL ASSURANCE OF PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0757 POPLAR CHURCH RD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0CAMP HILL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd017011
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0PPMA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PA PODIATRIC MEDICAL ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0231617000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MEMBER SVC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0757 POPLAR CHURCH ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CAMP HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd017011

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.02$1.18$5.84$7.94$6.88$1.06
2024Detailed filing. Detailed filing data is available for this year.$5.85$0.75$5.10$5.84$6.38$0.54
2023Detailed filing. Detailed filing data is available for this year.$8.10$2.76$5.34$4.48$5.56$1.08
2022Detailed filing. Detailed filing data is available for this year.$7.71$1.14$6.57$4.04$4.33$0.29
2021Detailed filing. Detailed filing data is available for this year.$8.86$1.43$7.43$5.62$4.49$1.13
2020Detailed filing. Detailed filing data is available for this year.$7.28$1.77$5.51$6.53$6.76$0.23
2019Detailed filing. Detailed filing data is available for this year.$7.36$1.74$5.62$7.85$7.01$0.84
2018Detailed filing. Detailed filing data is available for this year.$6.41$1.49$4.91$7.40$6.65$0.75
2017Detailed filing. Detailed filing data is available for this year.$5.97$1.85$4.12$7.31$6.65$0.66
2016Detailed filing. Detailed filing data is available for this year.$4.59$1.19$3.39$6.90$6.39$0.52
2015Detailed filing. Detailed filing data is available for this year.$4.31$1.43$2.88$5.91$6.29$0.38
2014Detailed filing. Detailed filing data is available for this year.$4.51$1.25$3.26$5.90$6.05$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$1.26$3.40$5.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$1.34$2.62$5.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$1.76$2.65$6.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$1.11$2.91$5.17
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $500k-$1M nonprofits