Civic Intelligence

The Leaguers Foundation Inc

EIN 26-1597236 • 501(c)3 • Newark, NJ

Profile

To facilitate the financing of a facility occupied by the leaguers, inc., a 501(c)(3) not-for-profit organization which operates an early childhood education program in newark, new jersey.

405 University AvenueNewark, NJ 07102

www.theleaguers.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

99th percentile

98%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2014

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.

501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

55th percentile

6.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

40th percentile

2.9%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Assets

Up

$16,311,187

Up $1,009,737 (+6.6%) from 2013

Liabilities

Flat

$0

Flat from 2013

Net Assets

Up

$16,311,187

Up $1,009,737 (+6.6%) from 2013

Revenue

Up

$1,033,601

Up $28,927 (+2.9%) from 2013

Expenses

Down

$23,864

Down $39,223 (-62%) from 2013

Net Income

Up

$1,009,737

Up $68,150 (+7.2%) from 2013

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $12,644,138Liabilities 2010: $10,000Net Assets 2010: $12,634,1382010Assets 2011: $13,447,381Liabilities 2011: $7,575Net Assets 2011: $13,439,8062011Assets 2013: $15,301,450Liabilities 2013: $0Net Assets 2013: $15,301,4502013Assets 2014: $16,311,187Liabilities 2014: $0Net Assets 2014: $16,311,1872014

Highlighted filing

2014

Assets$16,311,187
Liabilities$0
Net Assets$16,311,187

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Expenses 2010: $20,0102010Expenses 2011: $227,7922011Revenue 2013: $1,004,674Expenses 2013: $63,087Net Income 2013: $941,5872013Revenue 2014: $1,033,601Expenses 2014: $23,864Net Income 2014: $1,009,7372014

Highlighted filing

2014

Revenue$1,033,601
Expenses$23,864
Net Income$1,009,737

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$1,033,601
Mission and Program Overview

Mission

To facilitate the financing of a facility occupied by the leaguers, inc., a 501(c)(3) not-for-profit organization which operates an early childhood education program in newark, new jersey.

To facilitate the financing of a facility occupied by the leaguers, occupied by the leaguers, inc., a 501(c)(3) not-for-profit org. Which operates an early childhood education program in newark, new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$33,892$10,074▼ $23,818
Cash and Non-Interest-Bearing Accounts$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 Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$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$15,301,450$16,311,187▲ $1,009,737
Other Assets Total$15,267,558$16,301,113▲ $1,033,555
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$15,301,450$16,311,187▲ $1,009,737
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$15,301,450$16,311,187▲ $1,009,737
Total Liabilities and Net Assets / Fund Balance$15,301,450$16,311,187▲ $1,009,737

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,437,966--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher JamesPresident - Trustee
Richard FreemanVice President - Trustee
Stephanie WalkerAssistant Secretary - Trustee
Veronica E RaySecretary - Trustee
Ronald W BrownTreasurer - Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,033,601
Other Revenue
$0
Change in Net Assets
$1,009,737

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,033,601
Total Revenue per Audited Statements
$1,033,601
Total Revenue per Form 990
$1,033,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,269
Grants and Similar Amounts Paid$595
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$20,700$2,300-$23,000
Grants to Domestic Orgs$595--$595
Fees for Services Legal$242$27-$269
Total Functional Expenses$21,537$2,327$0$23,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,864
Total Expenses per Audited Statements$23,864
Total Expenses per Form 990$23,864
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
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
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 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

CORE FORM, PART VI, SECTION B; QUESTION 11B

The organization's federal form 990 was provided to each voting member of its full governing body, its board of trustees, prior to its filing with the internal revenue service ("irs".) the organization's board of trustees has assumed the responsibility to oversee, review and approve the federal form 990, including the preparation, review and filing process. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise in not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel for review. The organization's finance personnel reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's finance personnel for final review and approval prior to providing it to the members of the governing body and filing with the irs.

CORE FORM, PART VI, SECTION B; QUESTION 15

This organization has no employees. Accordingly, it does not have a need for a compensation review and approval policy and process. If the organization does ever have a need to hire employees, an appropriate compensation review and approval policy and process that satisfies the elements of the rebuttable presumption of reasonableness will be adopted.

CORE FORM, PART VI, SECTION C; QUESTION 19

The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.

Filing and Contact Details

Filer

Filer Name
The Leaguers Foundation Inc
EIN
26-1597236
In Care Of
% WALTER K FRYE CPA
Phone
9736430300
Address
405 University Avenue, NEWARK, NJ 07102

Signing Officer

Name
Veronica E Ray
Title
Secretary
Phone
9738989494
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher James
Formed
2007
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
WithumSmithBrown PC
Address
465 South St Ste 200, Morristown, NJ 07960-6497
Preparer
Anthony J Panico
Phone
9738989494
Supplemental Narrative

Additional Explanations

CORE FORM, PART XII; QUESTION 2

An independent cpa firm audited the financial statments of the leaguers foundation, inc. For the years ended december 31, 2014 and december 31, 2013; respectively. The independent cpa firm issued an unqualified opinion with respect to the audited financial statements. The organization's board of trustees has assumed responsibility for the oversight of the audit of the financial statements and the selection of an independent auditor.

Financial Statement Notes

Schedule D, Part X

THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION. AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE LEAGUERS FOUNDATION FOR THE YEARS ENDED DECEMBER 31, 2014 AND DECEMBER 31, 2013; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATION'S YEAR ENDED DECEMBER 31, 2014 AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): The Foundation had no unrecognized tax benefits at December 31, 2014 or 2013. The Foundation has evaluated the likelihood of their tax-exempt status being challenged as remote. Accordingly, the Foundation has not included any income tax provisions, including interest and penalties, in the financial statements presented, related to potential violations of their tax-exempt status.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION OPERATES IN DIRECT FURTHERANCE OF ITS SUPPORTED
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION E; QUESTIONS 2A & 2B
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE LEAGUERS INC
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION. AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE LEAGUERS FOUNDATION FOR THE YEARS ENDED DECEMBER 31, 2014 AND DECEMBER 31, 2013; RESPECTIVELY. THE FOLLOWING FOOTNOTE IS INCLUDED IN THE ORGANIZATION'S YEAR ENDED DECEMBER 31, 2014 AUDITED FINANCIAL STATEMENTS THAT REPORTS THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): The Foundation had no unrecognized tax benefits at December 31, 2014 or 2013. The Foundation has evaluated the likelihood of their tax-exempt status being challenged as remote. Accordingly, the Foundation has not included any income tax provisions, including interest and penalties, in the financial statements presented, related to potential violations of their tax-exempt status.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF ITS FULL GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE ("IRS".) THE ORGANIZATION'S BOARD OF TRUSTEES HAS ASSUMED THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S FINANCE PERSONNEL FOR REVIEW. THE ORGANIZATION'S FINANCE PERSONNEL REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S FINANCE PERSONNEL FOR FINAL REVIEW AND APPROVAL PRIOR TO PROVIDING IT TO THE MEMBERS OF THE GOVERNING BODY AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS ORGANIZATION HAS NO EMPLOYEES. ACCORDINGLY, IT DOES NOT HAVE A NEED FOR A COMPENSATION REVIEW AND APPROVAL POLICY AND PROCESS. IF THE ORGANIZATION DOES EVER HAVE A NEED TO HIRE EMPLOYEES, AN APPROPRIATE COMPENSATION REVIEW AND APPROVAL POLICY AND PROCESS THAT SATISFIES THE ELEMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS WILL BE ADOPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FILED CERTIFICATE OF INCORPORATION AND ANY AMENDMENTS CAN BE OBTAINED AND REVIEWED THROUGH THE STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATMENTS OF THE LEAGUERS FOUNDATION, INC. FOR THE YEARS ENDED DECEMBER 31, 2014 AND DECEMBER 31, 2013; RESPECTIVELY. THE INDEPENDENT CPA FIRM ISSUED AN UNQUALIFIED OPINION WITH RESPECT TO THE AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION'S BOARD OF TRUSTEES HAS ASSUMED RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0CORE FORM, PART VI, SECTION B; QUESTION 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CORE FORM, PART VI, SECTION B; QUESTION 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CORE FORM, PART VI, SECTION C; QUESTION 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CORE FORM, PART XII; QUESTION 2
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LEAGUERS INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0405 UNIVERSITY AVENUE
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