Civic Intelligence

Soul Foundation Inc.

990 • Fiscal year 2016 • EIN 27-0918927

Sep 01, 2015 to Aug 31, 2016 • Filed on Jun 30, 2017

PO Box 404Suffern, NY 10901

(845) 357-2979

Siviq Scores

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

Liabilities / Assets

88th percentile

0.45x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.24x

Higher debt load relative to revenue than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$43,488

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

78th percentile

30%

Faster asset growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

14%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$216,723

Up $49,828 (+30%) from 2015

Net Assets

Up

$119,432

Up $52,435 (+78%) from 2015

Liabilities

Down

$97,291

Down $2,607 (-2.6%) from 2015

Revenue

Up

$402,311

Up $50,636 (+14%) from 2015

Expenses

Down

$349,876

Down $16,681 (-4.6%) from 2015

Net Income

Up

$52,435

Up $67,317 (+452%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $6,177Net Assets 2012: $6,1772012Assets 2013: $47,690Liabilities 2013: $24,464Net Assets 2013: $23,2262013Assets 2015: $166,895Liabilities 2015: $99,898Net Assets 2015: $66,9972015Assets 2016: $216,723Liabilities 2016: $97,291Net Assets 2016: $119,4322016Assets 2017: $213,065Liabilities 2017: $62,919Net Assets 2017: $150,1462017Assets 2019: $362,923Liabilities 2019: $131,632Net Assets 2019: $231,2912019Assets 2020: $332,534Liabilities 2020: $64,849Net Assets 2020: $267,6852020Assets 2021: $323,529Liabilities 2021: $68,266Net Assets 2021: $255,2632021Assets 2022: $312,715Liabilities 2022: $24,464Net Assets 2022: $288,2512022Assets 2023: $235,485Liabilities 2023: $24,464Net Assets 2023: $211,0212023Assets 2024: $274,129Liabilities 2024: $0Net Assets 2024: $274,1292024

Highlighted filing

2016

Assets$216,723
Liabilities$97,291
Net Assets$119,432

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $130,517Expenses 2012: $128,281Net Income 2012: $2,2362012Expenses 2013: $232,9362013Revenue 2015: $351,675Expenses 2015: $366,557Net Income 2015: -$14,8822015Revenue 2016: $402,311Expenses 2016: $349,876Net Income 2016: $52,4352016Revenue 2017: $398,857Expenses 2017: $368,143Net Income 2017: $30,7142017Revenue 2019: $478,105Expenses 2019: $455,812Net Income 2019: $22,2932019Revenue 2020: $455,882Expenses 2020: $419,488Net Income 2020: $36,3942020Revenue 2021: $408,317Expenses 2021: $420,739Net Income 2021: -$12,4222021Revenue 2022: $495,621Expenses 2022: $462,633Net Income 2022: $32,9882022Revenue 2023: $406,136Expenses 2023: $483,366Net Income 2023: -$77,2302023Revenue 2024: $372,845Expenses 2024: $334,201Net Income 2024: $38,6442024

Highlighted filing

2016

Revenue$402,311
Expenses$349,876
Net Income$52,435
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jun 30, 2017
Return Version
2015v3.0
Gross Receipts
$402,311
Mission and Program Overview

Mission

S.O.U.L. Foundation is committed to fostering sustainable partnerships with rural Ugandans in the areas of education, maternal health, womens empowerment, and food security in Eastern Uganda.

Soul is a foundation focusing on empowering women by developing business cooperatives to provide an additional source of income to the women of rural uganda. Soul also partners with families by providing half of the school fees for primary, secondary and vocational schools. Currently we have 210 children enrolled in 20 schools and also have 200 women involved in businesses including fish ponds, craft groups, and chicken programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$116,534$146,387▲ $29,853
Cash and Non-Interest-Bearing Accounts$50,188$65,656▲ $15,468
Prepaid Expenses and Deferred Charges-$2,385-
Receivables From Officers Etc-$1,910-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$166,895$216,723▲ $49,828
Other Assets Total$173$385▲ $212
Liabilities
Deferred Revenue$49,930$49,473▼ $457
Other Liabilities$49,721$47,531▼ $2,190
Accounts Payable and Accrued Expenses$247$287▲ $40
Total Liabilities$99,898$97,291▼ $2,607
Net Assets / Fund Balance
Unrestricted Net Assets$26,217$90,109▲ $63,892
Temporarily Rstr Net Assets$40,780$29,323▼ $11,457
Total Net Assets Fund Balance$66,997$119,432▲ $52,435
Total Liabilities and Net Assets / Fund Balance$166,895$216,723▲ $49,828

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$64,837$5,163$70,000
Equipment$23,297$7,952$31,249
Land$27,459-$27,459
Leasehold Improvements$21,477$734$22,211
Other Land Buildings$9,317$5,177$14,494
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brooke SternPresidentFT$43,488$43,488

Board Members and Trustees

NameTitle
Kenneth SternVice President
Diane SternTrustee
Kevin PatrickTrustee
Omari JinakiTrustee
Robin SimkinsTrustee
Nathanya AhmedSecretary
Robert GreenfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$318,769
Program Service Revenue
$20,908
Investment Income
$16
Other Revenue
$62,618
All Other Contributions
$318,769
Change in Net Assets
$52,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,954
Salaries, Compensation, and Employee Benefits$104,922
Total Fundraising Expense$87,223
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$17,419$36,581$54,000
Current Officers, Directors, Trustees, and Key Employees$21,744$8,698$13,046$43,488
Other Expenses$171,522$17,038$10,462$10,462
Depreciation Depletion$7,943--$7,943
All Other Expenses-$5,997$1,698$7,695
Payroll Taxes-$2,602$4,832$7,434
Occupancy-$4,183-$4,183
Travel-$1,960$1,306$3,266
Information Technology-$1,399-$1,399
Insurance-$1,279-$1,279
Office Expenses-$869-$869
Advertising--$409$409
Total Functional Expenses$201,209$61,444$87,223$349,876
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$62,618
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$47,536$47,536-$47,536
Nye Gala$15,082$15,082-$15,082
Total Events$62,618$62,618-$62,618
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 Officers, Directors, Trustees, and Key Employees-$1,910-
Receivables from Disqualified Persons-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans & Exchange$45,589
Payroll Taxes Payable$1,942
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

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

No review was or will be conducted.

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

Available upon request

Filing and Contact Details

Filer

Filer Name
Soul Foundation Inc
EIN
27-0918927
Phone
8453572979
Address
PO BOX 404, SUFFERN, NY 10901

Signing Officer

Name
Kenneth Stern
Title
Vice President
Signed
2017-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brooke Stern
Formed
2009
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
0
Employees
6

Preparer

Firm
Chizner & Company LLC
Address
98 Cuttermill Rd 299N, Great Neck, NY 11021
Preparer
Mitchell Chizner
Phone
2129673950
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
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IRS990/OtherExpensesGrp/TotalAmt217038
IRS990/OtherExpensesGrp/TotalAmt310462
IRS990/OtherLiabilitiesGrp/BOYAmt049721
IRS990/OtherLiabilitiesGrp/EOYAmt047531
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036581
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017419
IRS990/OtherSalariesAndWagesGrp/TotalAmt054000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04832
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02602
IRS990/PayrollTaxesGrp/TotalAmt07434
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02385
IRS990/PrincipalOfficerNm0BROOKE STERN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0EVENTS AND OTHER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt020908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt020908
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0215423
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0244229
IRS990/PYOtherRevenueAmt0107575
IRS990/PYProgramServiceRevenueAmt028666
IRS990/PYRevenuesLessExpensesAmt0-14882
IRS990/PYSalariesCompEmpBnftPaidAmt0122328
IRS990/PYTotalExpensesAmt0366557
IRS990/PYTotalRevenueAmt0351675
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt01910
IRS990/ReconcilationRevenueExpnssAmt052435
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0339677
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0241020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0319451
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0249983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0130517
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01280648
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01280648
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0339677
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0241020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0319451
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0249983
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0130517
IRS990ScheduleA/Total509Grp/TotalAmt01280648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0339677
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0241020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0319451
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0249983
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0130517
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01280648
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt064837
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05163
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt070000
IRS990ScheduleD/EquipmentGrp/BookValueAmt023297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07952
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031249
IRS990ScheduleD/LandGrp/BookValueAmt027459
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027459
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021477
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0734
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022211
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09317
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05177
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014494
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11942
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS & EXCHANGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0146387
IRS990ScheduleD/TotalLiabilityAmt047531
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0NYE GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047536
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015082
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt062618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt047536
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015082
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt062618
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt062618
IRS990ScheduleG/LicensedStatesCd0CO
IRS990ScheduleG/LicensedStatesCd1NY
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0NEW YEARS EVE GALA EVENT.GOLF OUTING.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt040780
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt029323
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0166895
IRS990/TotalAssetsEOYAmt0216723
IRS990/TotalAssetsGrp/BOYAmt0166895
IRS990/TotalAssetsGrp/EOYAmt0216723

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