Civic Intelligence

The Conrad Foundation

990 • Fiscal year 2018 • EIN 26-2304138

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 04, 2019

Organization ProfileWWW.CONRADCHALLENGE.ORG
1120 Nasa Parkway Suite 108Houston, TX 77058

(202) 248-3306

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

8th percentile

-50%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

7th percentile

-58%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

18th percentile

-28%

Faster revenue growth than 18% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$118,040

Down $160,762 (-58%) from 2017

Net Assets

Down

$80,694

Down $176,243 (-69%) from 2017

Liabilities

Up

$37,346

Up $15,481 (+71%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin8th percentile

Revenue

Down

$352,326

Down $139,398 (-28%) from 2017

Expenses

Up

$528,569

Up $238,926 (+82%) from 2017

Net Income

Down

-$176,243

Down $378,324 (-187%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$600K$400K$200K$0Assets 2013: $139,903Liabilities 2013: $3,125Net Assets 2013: $136,7782013Assets 2017: $278,802Liabilities 2017: $21,865Net Assets 2017: $256,9372017Assets 2018: $118,040Liabilities 2018: $37,346Net Assets 2018: $80,6942018Assets 2019: $195,102Liabilities 2019: $99,500Net Assets 2019: $95,6022019Assets 2020: $365,418Liabilities 2020: $52,156Net Assets 2020: $313,2622020Assets 2021: $400,339Liabilities 2021: $55,828Net Assets 2021: $344,5112021Assets 2022: $292,645Liabilities 2022: $50,000Net Assets 2022: $242,6452022Assets 2023: $340,054Liabilities 2023: $11,158Net Assets 2023: $328,8962023Assets 2024: $157,216Liabilities 2024: $27,694Net Assets 2024: $129,5222024

Highlighted filing

2018

Assets$118,040
Liabilities$37,346
Net Assets$80,694
Open 2018 Filing

Operations Trend

Revenue Growth18th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $540,788Expenses 2013: $569,974Net Income 2013: -$29,1862013Revenue 2017: $491,724Expenses 2017: $289,643Net Income 2017: $202,0812017Revenue 2018: $352,326Expenses 2018: $528,569Net Income 2018: -$176,2432018Revenue 2019: $850,315Expenses 2019: $835,408Net Income 2019: $14,9072019Revenue 2020: $876,114Expenses 2020: $658,454Net Income 2020: $217,6602020Revenue 2021: $839,339Expenses 2021: $808,090Net Income 2021: $31,2492021Revenue 2022: $797,841Expenses 2022: $899,707Net Income 2022: -$101,8662022Revenue 2023: $530,315Expenses 2023: $414,065Net Income 2023: $116,2502023Revenue 2024: $55,997Expenses 2024: $255,371Net Income 2024: -$199,3742024

Highlighted filing

2018

Revenue$352,326
Expenses$528,569
Net Income-$176,243
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 4, 2019
Return Version
2018v3.1
Gross Receipts
$352,326
Mission and Program Overview

Mission

Teaching STEM to students ages 13-18

The conrad foundation is a 501c3 organization dedicated to transforming the current methods of teaching science, technology, engineering and math (stem) to students ages 13-18. See schedule o for expanded mission statement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$202,098$116,244▼ $85,854
Pledges and Grants Receivable$75,000--
Accounts Receivable$900$1,350▲ $450
Land, Buildings, and Equipment, Net$804$446▼ $358
Total Assets$278,802$118,040▼ $160,762
Liabilities
Accounts Payable and Accrued Expenses$21,865$37,346▲ $15,481
Total Liabilities$21,865$37,346▲ $15,481
Net Assets / Fund Balance
Unrestricted Net Assets$256,937$80,694▼ $176,243
Total Net Assets Fund Balance$256,937$80,694▼ $176,243
Total Liabilities and Net Assets / Fund Balance$278,802$118,040▼ $160,762

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$446$11,282$11,728
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Nancy ConradBoard Chairm
John M Griem JrPresident &
Akhil JariwalaDirector
Andrea Lee-zuckerDirector
Craig GelfoundDirector
Regina SchofieldDirector
Ron GrossDirector
Joseph H RothenbergTreas, Sec &

Highest Paid Contractors

ContractorServicesLocationCompensation
Griffin Communications GroupPrgrm Srvc Mgmt3101 NASA PARKWAY SUITE L, Seabrook, TX 77586$327,500
Revenue and Support

Revenue Composition

Contributions and Grants
$272,951
Program Service Revenue
$79,375
Investment Income
$0
Other Revenue
$0
All Other Contributions
$222,951
Change in Net Assets
$-176,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$522,819
Grants and Similar Amounts Paid$5,750
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$327,500--$327,500
Fees for Services Other$74,878--$74,878
Advertising$36,388--$36,388
Office Expenses$25,125$2,267-$27,392
Travel$23,401$267-$23,668
Information Technology$17,608--$17,608
Fees for Services Accounting$1,683$9,945-$11,628
Grants to Domestic Individuals$5,250--$5,250
Insurance-$1,949-$1,949
Conferences and Meetings$557$883-$1,440
Grants to Domestic Orgs$500--$500
Depreciation Depletion-$358-$358
Other Expenses-$10-$10
Total Functional Expenses$512,890$15,679$0$528,569
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Griffin Communications GroupSee Part V-suppServices-mgmt,mkt,opNo$327,500
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 family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

“The cpa firm, preparing the return, emails a draft copy of the form 990 to the board of directors for review. After board approval, the approved form 990 is sent to the board chairman for signature and filing with the irs.”

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

“The conflict of interest policy is provided to each officer and director and is reviewed at least once each year.”

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

“The compensation of the ceo, executive director, and management is reviewed by the board of directors, approval requires a majority vote of the board.”

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

“The compensation of the key employees is reviewed by the board of directors, approval requires a majority vote of the board.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Conrad Foundation
EIN
26-2304138
Phone
2022483306
Address
1120 NASA PARKWAY SUITE 108, HOUSTON, TX 77058

Signing Officer

Name
Nancy Conrad
Title
Board Chairman
Phone
7143302853
Signed
2019-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Conrad
Formed
2008
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
20

Preparer

Firm
Ann Thomas CPA Pc
Address
1120 NASA PARKWAY SUITE 108, HOUSTON, TX 77058-3320
Preparer
Ann Thomas CPA
Phone
2813333848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The conrad foundation is a 501c3 organization dedicated to transforming the current methods of teaching science, technology, engineering and math (stem) to students ages 13-18. We promote contextual learning, innovation and entrepreneurship, and foster students' abilities to apply these skills to benefit humanity and to create a sustainable world for this and future generations. The foundation is the only organization of its kind to combine education, innovation and entrepreneurship to inspire real world solutions developed by students.”

Form 990, Part IX, Line 11G

“Consulting services 10,000 0 0 outside services - event 64,878 0 0 total 74,878 0 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH GRANT IS SUBJECT TO PERIODIC REVIEWS THROUGHOUT THE PROGRAM WHICH REQUIRE THAT PERIODIC UPDATES BE PROVIDED TO THE GRANTOR ALONG WITH A FINAL REPORT AT THE COMPLETION OF THE GRANT. THE SPECIFICS DIFFER BY GRANTOR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CONRAD FOUNDATION IS A 501C3 ORGANIZATION DEDICATED TO TRANSFORMING THE CURRENT METHODS OF TEACHING SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) TO STUDENTS AGES 13-18. WE PROMOTE CONTEXTUAL LEARNING, INNOVATION AND ENTREPRENEURSHIP, AND FOSTER STUDENTS' ABILITIES TO APPLY THESE SKILLS TO BENEFIT HUMANITY AND TO CREATE A SUSTAINABLE WORLD FOR THIS AND FUTURE GENERATIONS. THE FOUNDATION IS THE ONLY ORGANIZATION OF ITS KIND TO COMBINE EDUCATION, INNOVATION AND ENTREPRENEURSHIP TO INSPIRE REAL WORLD SOLUTIONS DEVELOPED BY STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CPA FIRM, PREPARING THE RETURN, EMAILS A DRAFT COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW. AFTER BOARD APPROVAL, THE APPROVED FORM 990 IS SENT TO THE BOARD CHAIRMAN FOR SIGNATURE AND FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH OFFICER AND DIRECTOR AND IS REVIEWED AT LEAST ONCE EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE CEO, EXECUTIVE DIRECTOR, AND MANAGEMENT IS REVIEWED BY THE BOARD OF DIRECTORS, APPROVAL REQUIRES A MAJORITY VOTE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION OF THE KEY EMPLOYEES IS REVIEWED BY THE BOARD OF DIRECTORS, APPROVAL REQUIRES A MAJORITY VOTE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING SERVICES 10,000 0 0 OUTSIDE SERVICES - EVENT 64,878 0 0 TOTAL 74,878 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/BusinessOfficerGrp/PhoneNum07143302853
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-04
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ReturnHeader/FilingSecurityInformation/IPTm010:42:58
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANN THOMAS CPA
ReturnHeader/ReturnTs02019-09-30T10:42:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,040
Liabilities
$37,346
Net assets
$80,694
Revenue
$352,326
Expenses
$528,569
Net income
-$176,243
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.28$1.30$0.56$2.55$1.99
2023Detailed filing. Detailed filing data is available for this year.$3.40$0.11$3.29$5.30$4.14$1.16
2022Detailed filing. Detailed filing data is available for this year.$2.93$0.50$2.43$7.98$9.00$1.02
2021Detailed filing. Detailed filing data is available for this year.$4.00$0.56$3.45$8.39$8.08$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.65$0.52$3.13$8.76$6.58$2.18
2019Detailed filing. Detailed filing data is available for this year.$1.95$1.00$0.96$8.50$8.35$0.15
2018Detailed filing. Detailed filing data is available for this year.$1.18$0.37$0.81$3.52$5.29$1.76
2017Detailed filing. Detailed filing data is available for this year.$2.79$0.22$2.57$4.92$2.90$2.02
2013Detailed filing. Detailed filing data is available for this year.$1.40$0.03$1.37$5.41$5.70$0.29