Civic Intelligence

Healing Transitions Endowment Inc.

990 • Fiscal year 2016 • EIN 26-4280995

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 01, 2017

1251 Goode StreetRaleigh, NC 27603

(919) 838-9800

Siviq Scores

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

Liabilities / Assets

74th percentile

0.00x

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

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.00x

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

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Net Margin

76th percentile

54%

Higher net margin than 76% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Asset Growth

38th percentile

-2.3%

Faster asset growth than 38% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2014 to 2016

Revenue Growth

16th percentile

-63%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2014 to 2016

Assets

Down

$1,748,182

Down $84,356 (-4.6%) from 2014

Net Assets

Down

$1,748,182

Down $84,356 (-4.6%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$43,810

Down $277,097 (-86%) from 2014

Expenses

Up

$20,239

Up $391 (+2.0%) from 2014

Net Income

Down

$23,571

Down $277,488 (-92%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $1,145,658Liabilities 2012: $0Net Assets 2012: $1,145,6582012Assets 2013: $1,584,709Liabilities 2013: $15,687Net Assets 2013: $1,569,0222013Assets 2014: $1,832,538Liabilities 2014: $0Net Assets 2014: $1,832,5382014Assets 2016: $1,748,182Liabilities 2016: $0Net Assets 2016: $1,748,1822016Assets 2017: $2,031,186Liabilities 2017: $0Net Assets 2017: $2,031,1862017Assets 2018: $1,893,548Liabilities 2018: $0Net Assets 2018: $1,893,5482018Assets 2019: $1,894,399Liabilities 2019: $237,727Net Assets 2019: $1,656,6722019Assets 2020: $1,957,816Liabilities 2020: $237,727Net Assets 2020: $1,720,0892020Assets 2021: $2,172,332Liabilities 2021: $237,727Net Assets 2021: $1,934,6052021Assets 2022: $1,944,538Liabilities 2022: $304,727Net Assets 2022: $1,639,8112022Assets 2023: $2,253,517Liabilities 2023: $237,727Net Assets 2023: $2,015,7902023Assets 2024: $2,331,455Liabilities 2024: $0Net Assets 2024: $2,331,4552024

Highlighted filing

2016

Assets$1,748,182
Liabilities$0
Net Assets$1,748,182

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $12011Expenses 2012: $7,9542012Revenue 2013: $364,150Expenses 2013: $32,070Net Income 2013: $332,0802013Revenue 2014: $320,907Expenses 2014: $19,848Net Income 2014: $301,0592014Revenue 2016: $43,810Expenses 2016: $20,239Net Income 2016: $23,5712016Revenue 2017: $188,285Expenses 2017: $22,222Net Income 2017: $166,0632017Revenue 2018: $131,630Expenses 2018: $19,560Net Income 2018: $112,0702018Revenue 2019: $67,413Expenses 2019: $512,184Net Income 2019: -$444,7712019Revenue 2020: $7,496Expenses 2020: $12,035Net Income 2020: -$4,5392020Revenue 2021: $111,472Expenses 2021: $11,584Net Income 2021: $99,8882021Revenue 2022: $54,893Expenses 2022: $9,897Net Income 2022: $44,9962022Revenue 2023: $86,043Expenses 2023: $10,112Net Income 2023: $75,9312023Revenue 2024: $216,807Expenses 2024: $13,120Net Income 2024: $203,6872024

Highlighted filing

2016

Revenue$43,810
Expenses$20,239
Net Income$23,571
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 1, 2017
Return Version
2016v3.0
Gross Receipts
$2,113,441
Mission and Program Overview

Mission

Our mission is to support healing transitions international, inc. Which offers innovative peer-based recovery and rehabilitation to homeless alcoholic and chemically dependent men and women through a continuing mutual-help program. The program is specifically designed to rekindle the client's desire to return to a meaningful and productive life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,344,303$1,440,057▲ $95,754
Other Notes and Loans Receivable, Net$255,806$267,692▲ $11,886
Savings and Temporary Cash Investments$63,885$40,433▼ $23,452
Total Assets$1,663,994$1,748,182▲ $84,188
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,328,156$1,345,436▲ $17,280
Unrestricted Net Assets$335,838$402,746▲ $66,908
Total Net Assets Fund Balance$1,663,994$1,748,182▲ $84,188
Total Liabilities and Net Assets / Fund Balance$1,663,994$1,748,182▲ $84,188

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,663,994$17,280▲ $68,458-$1,748,182
2015$1,832,538$10,781▲ $16,121$177,935$1,663,994
2014$1,584,710$200,893▲ $66,783-$1,832,538
2013$1,145,658$300,013▲ $139,039-$1,584,710
2012-$1,056,562▲ $89,096-$1,145,658
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert BilbroChairman
Susanne HayesVice Chairman
Barbara GoodmonTrustee
Scott BurkheadTrustee
Scott MauzyTrustee
Tom CovingtonTrustee
Bob GoodaleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,280
Program Service Revenue
$0
Investment Income
$26,530
Other Revenue
$0
All Other Contributions
$17,280
Change in Net Assets
$23,571
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$18,689-$18,689
Fees for Services Accounting-$1,550-$1,550
Total Functional Expenses$0$20,239$0$20,239
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990. The board chair detail reviewed form 990 and submitted a copy to all board members soliciting comment and apporval prior to filing the return. The organization's policy for review includes an initial internal discussion of board member questions and feedback. As needed, external follow-up is made directly with the outside accounting firm who prepares the form 990.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy. Each trustee, principal officer, and member of a committee with governing board-delegated powers shall annually sign a statement which affirms such person (a) has received a copy of the conflict of interest policy; (b) has read and understands it; (c) has agreed to comply with it; and (d) understands the endowment is charitable and in order to maintain its federal tax exemption it must agree primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Section C, Line 18

The organization makes its 990 available to the public upon request

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Healing Transitions Endowment Inc
EIN
26-4280995
Phone
9198389800
Address
1251 GOODE STREET, RALEIGH, NC 27603

Signing Officer

Name
Robert Bilbro
Title
Chairman
Phone
9198389800
Signed
2017-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Bilbro
Formed
2008
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Davidson Holland Whitesell & Co Pllc
Address
209 13TH AVE PLACE NW SUITE 200, HICKORY, NC 28601
Preparer
Virginia Lowder
Phone
8283222070
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance committee is responsible for review of the annual audit, review of the form 990 and provides direction regarding the retention / engagement of an audit firm for accounting services and audited financial statements.

Financial Statement Notes

PART X, LINE 2:

The organization evaluates its uncertain tax positions using provisions of financial accounting standards board accounting standards codification (asc) 740-10-25, recognition of a tax position. Accordingly, the organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of the end of the current and prior year.

Schedule D, Page 2, Part V, Line 4

The organization's endowment consists of a general fund established as a general endowment. The organization has established a board of trustees to manage and grow the endowment in order to provide a predictable stream of funding to programs. The organization targets a diversified asset allocation that places an emphasis on equity-based investments to achieve its long-term return objectives.

Schedule D, Page 3, Part X

The organization evaluates its uncertain tax positions using provisions of financial accounting standards board of accounting standards codification (asc) 740-10-25, recognition of a tax position. Accordingly, the organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties when it is more liekly than not the position of management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of the end of the current and prior year.

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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017511
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01832538
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0177935
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt019848
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, RECOGNITION OF A TAX POSITION. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF THE END OF THE CURRENT AND PRIOR YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ENDOWMENT CONSISTS OF A GENERAL FUND ESTABLISHED AS A GENERAL ENDOWMENT. THE ORGANIZATION HAS ESTABLISHED A BOARD OF TRUSTEES TO MANAGE AND GROW THE ENDOWMENT IN ORDER TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS. THE ORGANIZATION TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES AN EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25, RECOGNITION OF A TAX POSITION. ACCORDINGLY, THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES WHEN IT IS MORE LIEKLY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF THE END OF THE CURRENT AND PRIOR YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990. THE BOARD CHAIR DETAIL REVIEWED FORM 990 AND SUBMITTED A COPY TO ALL BOARD MEMBERS SOLICITING COMMENT AND APPORVAL PRIOR TO FILING THE RETURN. THE ORGANIZATION'S POLICY FOR REVIEW INCLUDES AN INITIAL INTERNAL DISCUSSION OF BOARD MEMBER QUESTIONS AND FEEDBACK. AS NEEDED, EXTERNAL FOLLOW-UP IS MADE DIRECTLY WITH THE OUTSIDE ACCOUNTING FIRM WHO PREPARES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY. EACH TRUSTEE, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS IT; (C) HAS AGREED TO COMPLY WITH IT; AND (D) UNDERSTANDS THE ENDOWMENT IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST AGREE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEW OF THE ANNUAL AUDIT, REVIEW OF THE FORM 990 AND PROVIDES DIRECTION REGARDING THE RETENTION / ENGAGEMENT OF AN AUDIT FIRM FOR ACCOUNTING SERVICES AND AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/WebsiteAddressTxt0WWW.HEALING-TRANSITIONS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT BILBRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09198389800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEALING TRANSITIONS ENDOWMENT INC
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ReturnHeader/FilingSecurityInformation/IPTm011:29:23
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