Civic Intelligence

Scott and Kim Verplank Foundation

990 • Fiscal year 2019 • EIN 26-1528890

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilewww.verplankfoundation.com
2401 Tee Circle Suite 103Norman, OK 73069

(405) 360-2282

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

13th percentile

-36%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$83,272

Down $46,071 (-36%) from 2018

Net Assets

Down

$83,272

Down $46,071 (-36%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin11th percentile

Revenue

Down

$140,670

Down $35,494 (-20%) from 2018

Expenses

Down

$186,741

Down $28,424 (-13%) from 2018

Net Income

Down

-$46,071

Down $7,070 (-18%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$400K$300K$200K$100K$0Assets 2012: $182,797Liabilities 2012: $0Net Assets 2012: $182,7972012Assets 2013: $289,687Liabilities 2013: $0Net Assets 2013: $289,6872013Assets 2014: $358,992Liabilities 2014: $0Net Assets 2014: $358,9922014Assets 2015: $329,551Liabilities 2015: $0Net Assets 2015: $329,5512015Assets 2017: $169,594Liabilities 2017: $1,250Net Assets 2017: $168,3442017Assets 2018: $129,343Liabilities 2018: $0Net Assets 2018: $129,3432018Assets 2019: $83,272Liabilities 2019: $0Net Assets 2019: $83,2722019Assets 2020: $91,064Liabilities 2020: $0Net Assets 2020: $91,0642020Assets 2021: $227,816Liabilities 2021: $0Net Assets 2021: $227,8162021Assets 2022: $233,255Liabilities 2022: $15Net Assets 2022: $233,2402022Assets 2023: $204,915Liabilities 2023: $0Net Assets 2023: $204,9152023Assets 2024: $139,061Liabilities 2024: $29Net Assets 2024: $139,0322024

Highlighted filing

2019

Assets$83,272
Liabilities$0
Net Assets$83,272
Open 2019 Filing

Operations Trend

Revenue Growth24th percentile

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

$400K$200K$0-$200KExpenses 2012: $263,7282012Expenses 2013: $297,7312013Revenue 2014: $369,590Expenses 2014: $300,285Net Income 2014: $69,3052014Revenue 2015: $283,799Expenses 2015: $313,240Net Income 2015: -$29,4412015Revenue 2017: $140,573Expenses 2017: $241,098Net Income 2017: -$100,5252017Revenue 2018: $176,164Expenses 2018: $215,165Net Income 2018: -$39,0012018Revenue 2019: $140,670Expenses 2019: $186,741Net Income 2019: -$46,0712019Revenue 2020: $127,325Expenses 2020: $119,533Net Income 2020: $7,7922020Revenue 2021: $299,123Expenses 2021: $162,371Net Income 2021: $136,7522021Revenue 2022: $166,486Expenses 2022: $161,062Net Income 2022: $5,4242022Revenue 2023: $134,381Expenses 2023: $162,706Net Income 2023: -$28,3252023Revenue 2024: $121,538Expenses 2024: $187,421Net Income 2024: -$65,8832024

Highlighted filing

2019

Revenue$140,670
Expenses$186,741
Net Income-$46,071
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$272,409
Mission and Program Overview

Mission

The foundation raises funds to provide college scholarships to youths with Type I diabetes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$129,343$83,272▼ $46,071
Cash and Non-Interest-Bearing Accounts$129,343$82,649▼ $46,694
Other Notes and Loans Receivable, Net-$623-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$129,343$83,272▼ $46,071
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$129,343$83,272▼ $46,071
Total Liabilities and Net Assets / Fund Balance$129,343$83,272▼ $46,071
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Christy EverestDirector
Everett DobsonDirector
Jimmy EverestDirector
Rick CooperDirector
Shelly LambertzDirector
Scott VerplankPres/Director
Kimberly VerplankTreas/Director
Jeff S JonesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$22,175
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$118,495
All Other Contributions
$22,175
Change in Net Assets
$-46,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$117,475
Other Expenses$69,266
Total Fundraising Expense$17,265
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$117,475--$117,475
Fees for Services Management$28,686$14,343$14,343$57,372
Fees for Services Legal$2,500$1,250$1,250$5,000
Fees for Services Accounting$2,303$1,151$1,151$4,605
Insurance$648$324$324$1,296
Other Expenses$185$93$93$371
Travel$110$55$55$220
Office Expenses$97$49$49$195
Conferences and Meetings-$122-$122
Interest-$85-$85
Total Functional Expenses$152,004$17,472$17,265$186,741
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oklahoma State UniversityStillwater, OK--$15,000
Iowa State UniversityAmes, IA--$9,000
Virginia Tech UniversityBlacksburg, VA--$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$250,234
Fundraising Direct Expenses$131,739
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Event$250,234$250,234$111,140$139,094
Total Events$250,234$250,234$131,739$118,495
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
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“The President/Director, Scott Verplank, and Treasurer/Director, Kim Verplank, are married.The Secretary, Jeff Jones, is the foundation's CPA and accountant as well as the CPA and accountant for Scott & Kim Verplank individually.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A draft of the Form 990 is reviewed and approved by the governing body and legal counsel prior to being filed with IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Members of the governing body review and sign the conflict of interest policy on an annual basis, which requires the disclosure of any potential conflict. For any situation that present an actual conflict, that Director must abstain from voting on such issue and/or be excluded from the discussion.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Currently, the Foundation does not have any compensated employees. However, a compensation review policy is in effect and will be adhered to if a decision is made to hire employees.”

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

“All documents subject to public disclosure are available upon request.”

Filing and Contact Details

Filer

Filer Name
Scott & Kim Verplank Foundation
EIN
26-1528890
Phone
4053602282
Address
2401 Tee Circle Suite 103, Norman, OK 73069

Signing Officer

Name
Jeff S Jones
Title
Secretary
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Richison & Jones Pllc
Address
2401 TEE CIR STE 103, NORMAN, OK 73069
Preparer
Jeff S Jones
Phone
4053602282
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0293175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0299661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0263550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt025000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0290504
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01171890
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.55590
IRS990ScheduleA/PublicSupportPY170Pct00.51740
IRS990ScheduleA/PublicSupportTotal170Amt0651460
IRS990ScheduleA/SubstantialContributorsTotAmt0520430
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0293175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0299661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0263550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt025000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0290504
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01171890
IRS990ScheduleA/TotalSupportAmt01171890
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0131739
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Golf Event
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt06543
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt06543
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0250234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0250234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0250234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0250234
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0118495
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0111140
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0111140
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014056
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt014056
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt09000
IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/CashGrantAmt26000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Iowa State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Oklahoma State University
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Virginia Tech University
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0515 Morrill Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1113 Student Union
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2800 Washington Street SW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Ames
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Stillwater
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Blacksburg
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1OK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd050011
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd174078
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd224061
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization awards scholarships to college and university students with Type I diabetes, which are provided through grants issued directly to educational institutions and designated for the benefit of each individual awardee (the organization does not issue any grants directly to students). Each scholarship recipient signs a letter of understanding to acknowledge that funds only will be used for educational expenses, and that any funds not so used will be returned by the institution to the Foundation.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President/Director, Scott Verplank, and Treasurer/Director, Kim Verplank, are married.The Secretary, Jeff Jones, is the foundation's CPA and accountant as well as the CPA and accountant for Scott & Kim Verplank individually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the Form 990 is reviewed and approved by the governing body and legal counsel prior to being filed with IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the governing body review and sign the conflict of interest policy on an annual basis, which requires the disclosure of any potential conflict. For any situation that present an actual conflict, that Director must abstain from voting on such issue and/or be excluded from the discussion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Currently, the Foundation does not have any compensated employees. However, a compensation review policy is in effect and will be adhered to if a decision is made to hire employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All documents subject to public disclosure are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0129343
IRS990/TotalAssetsEOYAmt083272
IRS990/TotalAssetsGrp/BOYAmt0129343
IRS990/TotalAssetsGrp/EOYAmt083272
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022175
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017265
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0152004
IRS990/TotalFunctionalExpensesGrp/TotalAmt0186741
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129343
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083272
IRS990/TotalProgramServiceExpensesAmt0152004
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0140670
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129343
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt083272
IRS990/TravelGrp/FundraisingAmt055
IRS990/TravelGrp/ManagementAndGeneralAmt055
IRS990/TravelGrp/ProgramServicesAmt0110
IRS990/TravelGrp/TotalAmt0220
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02401 Tee Circle Suite 103

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$83,272
Liabilities
$0
Net assets
$83,272
Revenue
$140,670
Expenses
$186,741
Net income
-$46,071
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$1.22$1.87$0.66
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.00$2.05$1.34$1.63$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.00$2.33$1.66$1.61$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.00$2.28$2.99$1.62$1.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$1.27$1.20$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.41$1.87$0.46
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.29$0.00$1.29$1.76$2.15$0.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.01$1.68$1.41$2.41$1.01
2015Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$2.84$3.13$0.29
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.59$0.00$3.59$3.70$3.00$0.69
2013Detailed filing. Detailed filing data is available for this year.$2.90$0.00$2.90$2.98
2012Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$2.64