Civic Intelligence

David Michael Reid Foundation Inc

990EZ • Fiscal year 2014 • EIN 26-3439898

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 17, 2015

561 Upland RdKennett Square, PA 19348

(610) 347-0132

Siviq Scores

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

Liabilities / Assets

85th percentile

0.32x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

57th percentile

6.1%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

93rd percentile

147%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

92nd percentile

100%

Faster revenue growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$14,861

Up $8,844 (+147%) from 2013

Net Assets

Up

$10,148

Up $4,131 (+69%) from 2013

Liabilities

$4,713

No earlier filing loaded for comparison.

Revenue

Up

$68,267

Up $34,193 (+100%) from 2013

Expenses

Up

$64,136

Up $5,437 (+9.3%) from 2013

Net Income

Up

$4,131

Up $28,756 (+117%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2010: $33,153Net Assets 2010: $33,1532010Assets 2011: $63,807Net Assets 2011: $63,8072011Assets 2012: $30,642Net Assets 2012: $30,6422012Assets 2013: $6,017Net Assets 2013: $6,0172013Assets 2014: $14,861Liabilities 2014: $4,713Net Assets 2014: $10,1482014Assets 2015: $1,102Liabilities 2015: $22,309Net Assets 2015: -$21,2072015Assets 2016: $8,693Liabilities 2016: $26,442Net Assets 2016: -$17,7492016

Highlighted filing

2014

Assets$14,861
Liabilities$4,713
Net Assets$10,148

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $9,596Expenses 2010: $42,894Net Income 2010: -$33,2982010Revenue 2011: $78,564Expenses 2011: $47,910Net Income 2011: $30,6542011Revenue 2012: $36,646Expenses 2012: $69,810Net Income 2012: -$33,1642012Revenue 2013: $34,074Expenses 2013: $58,699Net Income 2013: -$24,6252013Revenue 2014: $68,267Expenses 2014: $64,136Net Income 2014: $4,1312014Revenue 2015: $10,953Expenses 2015: $42,308Net Income 2015: -$31,3552015Revenue 2016: $12,367Expenses 2016: $8,909Net Income 2016: $3,4582016

Highlighted filing

2014

Revenue$68,267
Expenses$64,136
Net Income$4,131
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 17, 2015
Return Version
2014v5.0
Gross Receipts
$75,816
Mission and Program Overview

Mission

The david michael reid foundation strives to enable disadvantaged youths to achieve their dreams by improving quality of life through opportunity and support. The foundation provides financial and other assistance, including scholarships, to underprivileged youths in the greater philadelphia metropolitan area.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION'S PROGRAM SERVICE IS A SCHOLARSHIP FUND, WHICH PROVIDES FULL SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.-$59,757
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN REIDPresident, D-$0--
SCOTT BARNESTreasurer-$0--
DAN LOEFFLERSecretary-$0--
JEFF LOEFFLERDirector-$0--
MARK REID JRVP - Marketi-$0--
ADAM REIDDirector-$0--
ROB STOKESDirector-$0--
NATHAN FOLEYVP - Scholar-$0--
BRIAN HULEADirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$10,384$4,913-$4,913
Derby Party$7,876$2,636-$2,636
Total Events$18,260$7,549$7,549-
Filing and Contact Details

Filer

Filer Name
The David Michael Reid Foundation
EIN
26-3439898
Phone
6103470132
Address
561 UPLAND RD, KENNETT SQUARE, PA 19348

Signing Officer

Name
Sean Reid
Title
President
Phone
6103470132
Signed
2015-09-17
Discuss with paid preparer
Yes

Preparer

Firm
Sullivan Strategic LLC
Address
923 HADDONFIELD RD SUITE 300, CHERRY HILL, NJ 08002-2752
Preparer
John P Sullivan Cpaabv Cva
Phone
8563248291
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses information technology 300 licenses and fees 1,579 scholarships 59,757 total 61,636

Form 990-ez, Part II, Line 24

Pledges receivable 220 0 prepaid expenses and deferred charges 0 2,750 total 220 2,750

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 4,713

Form 990-ez, Part III

The david michael reid foundation strives to enable disadvantaged youths to achieve their dreams by improving quality of life through opportunity and support. The foundation provides financial and other assistance, including scholarships, to underprivileged youths in the greater philadelphia metropolitan area.

Raw XML Appendix182 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum06103470132
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SEAN REID
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SCOTT BARNES
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JEFF LOEFFLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARK REID JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ADAM REID
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6ROB STOKES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7NATHAN FOLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8BRIAN HULEA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT, D
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VP - MARKETI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0220
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02750
IRS990EZ/OtherExpensesTotalAmt061636
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE DAVID MICHAEL REID FOUNDATION STRIVES TO ENABLE DISADVANTAGED YOUTHS TO ACHIEVE THEIR DREAMS BY IMPROVING QUALITY OF LIFE THROUGH OPPORTUNITY AND SUPPORT. THE FOUNDATION PROVIDES FINANCIAL AND OTHER ASSISTANCE, INCLUDING SCHOLARSHIPS, TO UNDERPRIVILEGED YOUTHS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION'S PROGRAM SERVICE IS A SCHOLARSHIP FUND, WHICH PROVIDES FULL SCHOLARSHIPS TO HIGH SCHOOL SENIORS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt02636
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt07549
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0404
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0404
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04509
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02636
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES INFORMATION TECHNOLOGY 300 LICENSES AND FEES 1,579 SCHOLARSHIPS 59,757 TOTAL 61,636
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PLEDGES RECEIVABLE 220 0 PREPAID EXPENSES AND DEFERRED CHARGES 0 2,750 TOTAL 220 2,750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 4,713
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DAVID MICHAEL REID FOUNDATION STRIVES TO ENABLE DISADVANTAGED YOUTHS TO ACHIEVE THEIR DREAMS BY IMPROVING QUALITY OF LIFE THROUGH OPPORTUNITY AND SUPPORT. THE FOUNDATION PROVIDES FINANCIAL AND OTHER ASSISTANCE, INCLUDING SCHOLARSHIPS, TO UNDERPRIVILEGED YOUTHS IN THE GREATER PHILADELPHIA METROPOLITAN AREA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SEAN REID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06103470132
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DAVID MICHAEL REID FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0263439898
ReturnHeader/Filer/PhoneNum06103470132
ReturnHeader/Filer/USAddress/AddressLine1Txt0561 UPLAND RD
ReturnHeader/Filer/USAddress/CityNm0KENNETT SQUARE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019348
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262965076
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SULLIVAN STRATEGIC LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0923 HADDONFIELD RD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHERRY HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0080022752
ReturnHeader/PreparerPersonGrp/PhoneNum08563248291
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P SULLIVAN CPAABV CVA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-09-23T14:44:41-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings