Civic Intelligence

Bounce DC

990 • Fiscal year 2012 • EIN 27-1349287

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 27, 2013

C/O Ounce of Prevention Fund 33 W60603
Siviq Scores

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

Liabilities / Assets

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

14th percentile

-6.4%

Faster asset growth than 14% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$16,275,484

Down $1,106,620 (-6.4%) from 2011

Net Assets

Down

$15,621,150

Down $795,010 (-4.8%) from 2011

Liabilities

Down

$654,334

Down $311,610 (-32%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,332,359

Up $182,154 (+16%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $17,382,104Liabilities 2011: $965,944Net Assets 2011: $16,416,1602011Assets 2012: $16,275,484Liabilities 2012: $654,334Net Assets 2012: $15,621,1502012Assets 2013: $13,799,835Liabilities 2013: $139,460Net Assets 2013: $13,660,3752013Assets 2014: $11,922,632Liabilities 2014: $146,026Net Assets 2014: $11,776,6062014Assets 2015: $11,178,139Liabilities 2015: $91,321Net Assets 2015: $11,086,8182015Assets 2016: $10,972,467Liabilities 2016: $0Net Assets 2016: $10,972,4672016Assets 2017: $10,952,860Liabilities 2017: $1Net Assets 2017: $10,952,8592017Assets 2018: $10,933,437Liabilities 2018: $110Net Assets 2018: $10,933,3272018Assets 2019: $10,915,984Liabilities 2019: $26,750Net Assets 2019: $10,889,2342019Assets 2020: $160,366Liabilities 2020: $0Net Assets 2020: $160,3662020Assets 2021: $160,403Liabilities 2021: $0Net Assets 2021: $160,4032021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2012

Assets$16,275,484
Liabilities$654,334
Net Assets$15,621,150

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,150,2052011Expenses 2012: $1,332,3592012Expenses 2013: $2,717,0622013Revenue 2014: $110,819Expenses 2014: $1,994,588Net Income 2014: -$1,883,7692014Revenue 2015: $139,752Expenses 2015: $829,540Net Income 2015: -$689,7882015Revenue 2016: $129,126Expenses 2016: $243,477Net Income 2016: -$114,3512016Revenue 2017: $107,359Expenses 2017: $126,967Net Income 2017: -$19,6082017Revenue 2018: $107,572Expenses 2018: $127,104Net Income 2018: -$19,5322018Revenue 2019: $107,744Expenses 2019: $151,837Net Income 2019: -$44,0932019Revenue 2020: $21,565Expenses 2020: $50,363Net Income 2020: -$28,7982020Revenue 2021: $37Expenses 2021: $0Net Income 2021: $372021Revenue 2022: $3Expenses 2022: $160,406Net Income 2022: -$160,4032022

Highlighted filing

2012

Revenue-
Expenses$1,332,359
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 27, 2013
Return Version
2011v1.5
Gross Receipts
$537,349
Mission and Program Overview

Mission

The corporation is organized exclusively for one or more of the purposes specified in section 501(c)(3) of the internal revenue code of 1986 (the ""code"") and exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the ounce of prevention fund, an illinois not for profit corporation, within the meaning of section 509(a)(3) of the code, so long as the ounce of prevention fund shall qualify as an organization described in section 501(c)(3) and section 509(a)(1) or section 509(a)(2) of the code.

Filing and Contact Details

Filer

EIN
27-1349287
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IRS990/Description0Bounce DC supports high quality early learning in the District of Columbia and is developing and constructing a new birth to five Educare school (Educare DC) for at-risk young children. In FY12, Bounce DC continued its efforts to develop Educare DC and prepare for the new facility's opening in summer 2012. Expenses during the year were for legal, architectural, insurance and minor miscellaneous expenses related to construction of Educare DC and the hiring of staff related to program ramp-up activities. Educare DC is a new birth-to-five school that will serve approximately 175 at-risk children in the impoverished Kenilworth-Parkside neighborhood in the District's Ward 7. Please note, Bounce DC is a related organization of Ounce of Prevention Fund whose mission is to give children in poverty the best chance for success in school and in life by advocating for and providing the highest quality care and education from birth to age five.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Ounce and Bounce DC have received a favorable determination letter from the Internal Revenue Service, stating that they are exempt from federal income taxes under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1986 (IRC), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board issued guidance that requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain tax positions that require recognition in the consolidated financial statements. The Ounce and Bounce DC have not accrued any provision for income taxes as the Ounce and Bounce DC have had no significant unrelated business income. There is no interest or penalties recognized in the consolidated statements of activities or consolidated statements of position. The tax years ending 2009, 2010 and 2011 are still open to audit for both federal and state purposes.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Form 990, Schedule D, Part X, Line 2
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Bounce DC's top management official's compensation is handled by a related organization, Ounce of Prevention Fund. This related organization used the following methods to establish the compensation of the organization's CEO/Executive Director: Compensation committee, Independent compensation consultant, Form 990 of other organizations, Compensation survey or study, and Approval by the board or compensation committee.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0Form 990, Schedule J, Part I, Line 3
IRS990ScheduleJ/Form990ScheduleJPartIII/ReturnReference0ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0Sarah Bradley
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson1Portia Kennel
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IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationRelatedOrgs1129427
IRS990ScheduleJ/InitialContractException0false
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleO/GeneralExplanation/Explanation0According to the organization's bylaws, Article II, Section 2.01 states, "The Corporation shall have one (1) voting member, which shall be the Ounce of Prevention Fund, an Illinois not for profit corporation (the "Member"). Notwithstanding anything contained herein to the contrary, the Member shall act through the Member's designated representative, which may include, but shall not be limited to, an officer, director, employee, or a committee of the Member, as and to the extent authorized from time to time by resolution adopted by the Member's Board of Directors or a duly authorized committee thereof. At any time that the Member has not designated another representative, the President of the Member shall be the Member's designated representative."
IRS990ScheduleO/GeneralExplanation/Explanation1According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors."
IRS990ScheduleO/GeneralExplanation/Explanation2According to the organization's bylaws, Article II, Section 2.02 states, "The Member shall have the right to vote on the following matters and on such other matters as the Board of Directors may determine from time to time or that are required by the Act: (a) appointment and removal of directors; (b) any amendment or repeal of the Corporations Articles of Incorporation and any amendment of this Article II or Section 9.04 of these Bylaws; (c) authorization of the Corporation voluntarily filing a petition for bankruptcy relief under Title 11 of the United States Code, as amended; (d) adoption of a plan of merger or consolidation with another corporation; (e) authorization of the sale, lease, or exchange of all or substantially all of the property and assets of the Corporation if not in the ordinary course of business; (f) authorization of the voluntary dissolution of the Corporation or revocation of proceedings therefore; and (g) adoption of a plan for the distribution of the assets of the Corporation."
IRS990ScheduleO/GeneralExplanation/Explanation3The Board of Directors reviews and comments on the draft Form 990 prior to its electronic filing with the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation4The director is obligated to disclose any conflict of interest to the board or a committee regarding the conflict of interest. The board takes action on the recommendations and the minutes of the meeting are disclosed to the board membership.
IRS990ScheduleO/GeneralExplanation/Explanation5The Financial Statements, Governing Documents and Conflict of Interest policy are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation6NAME:Diana Rauner TITLE:Co-President HOURS:38
IRS990ScheduleO/GeneralExplanation/Explanation7NAME:Sarah Bradley TITLE:Secretary HOURS:38
IRS990ScheduleO/GeneralExplanation/Explanation8NAME:Portia Kennel TITLE:Senior VP/OPF HOURS:28
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier6HOURS DEVOTED FOR RELATED ORGANIZATION
IRS990ScheduleO/GeneralExplanation/Identifier7HOURS DEVOTED FOR RELATED ORGANIZATION
IRS990ScheduleO/GeneralExplanation/Identifier8HOURS DEVOTED FOR RELATED ORGANIZATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0ORGANIZATION MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/ReturnReference1PERSONS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY
IRS990ScheduleO/GeneralExplanation/ReturnReference2DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL
IRS990ScheduleO/GeneralExplanation/ReturnReference3PROCESS THE ORGANIZATION USES TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/ReturnReference4ORGANIZATION'S PRACTICES FOR MONITORING CONFLICT OF INTEREST

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