Civic Intelligence

Adsum Education Foundation Inc

EIN 27-1749421 • 501(c)3 • Santa Barbara, CA

Profile

To provide scholarships for students in santa barbara county who do not have access to traditional sources of financial aid.

PO Box 90710Santa Barbara, CA 93190-0710

www.adsumsb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

8th percentile

-125%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

13th percentile

-86%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

19th percentile

-49%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$9,429

Down $63,008 (-87%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Down

$9,429

Down $63,008 (-87%) from 2014

Operations
Liabilities / Revenue62nd percentileNet Margin8th percentile

Revenue

Down

$47,999

Down $41,603 (-46%) from 2014

Expenses

Up

$108,144

Up $14,655 (+16%) from 2014

Net Income

Down

-$60,145

Down $56,258 (-1447%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2011: $59,885Liabilities 2011: $3,541Net Assets 2011: $56,3442011Assets 2013: $76,324Liabilities 2013: $0Net Assets 2013: $76,3242013Assets 2014: $72,437Liabilities 2014: $0Net Assets 2014: $72,4372014Assets 2016: $9,429Liabilities 2016: $0Net Assets 2016: $9,4292016

Highlighted filing

2016

Assets$9,429
Liabilities$0
Net Assets$9,429
Open 2016 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2011: $59,836Expenses 2011: $18,778Net Income 2011: $41,0582011Revenue 2013: $64,344Expenses 2013: $88,309Net Income 2013: -$23,9652013Revenue 2014: $89,602Expenses 2014: $93,489Net Income 2014: -$3,8872014Revenue 2016: $47,999Expenses 2016: $108,144Net Income 2016: -$60,1452016

Highlighted filing

2016

Revenue$47,999
Expenses$108,144
Net Income-$60,145
Open 2016 Filing

Filings

Most recent year

2016 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$9,429
Liabilities
$0
Net assets
$9,429
Revenue
$47,999
Expenses
$108,144
Net income
-$60,145
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.48$1.08$0.60
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.90$0.93$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.64$0.88$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.04$0.56$0.60$0.19$0.41
Latest Detailed Filing

The latest 2016 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Feb 8, 2015
Return Version
2014v5.0
Gross Receipts
$89,602
Mission and Program Overview

Mission

To provide scholarships for students in santa barbara county who do not have access to traditional sources of financial aid.

Program Services

DescriptionGrantsExpenses
SCHOLARSHIPS ADMINISTERED FREE OF CHARGE BY THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA (A 501C3) FOR STUDENTS WHO DO NOT HAVE ACCESS TO FEDERAL FINANCIAL AID.$85,000$89,245
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JONATHAN K WANGPresident-$0--
MARITZA MEJIA-WILSONSecretary-$0--
DEBRA J ROETSVice-President-$0--
TRAVIS J WILSONTreasurer-$0--
REFUGIA ACOSTABoard Member-$0--
GEORGE THURLOWBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Adsum Education Foundation Inc
EIN
27-1749421
Phone
8052337575
Address
PO BOX 90710, SANTA BARBARA, CA 93190-0710

Signing Officer

Name
Travis J Wilson CPA
Title
Treasurer
Phone
8058799900
Signed
2015-02-08
Discuss with paid preparer
Yes

Preparer

Firm
Mcgowan Guntermann
Address
111 E VICTORIA ST 2ND FLOOR, SANTA BARBARA, CA 93101-2018
Preparer
Travis Wilson CPA
Phone
8059629175
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: educational scholarships. Grantee name: scholarship foundaiton of santa barbara. Grantee address: 2253 las positas road santa barbara, ca 93105. Grantee relationship: none. Date of gift: 03/28/14. Amount given: 85,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: insurance. Amount: 1,032. Description: supplies. Amount: 488. Description: bank and creidt card fees. Amount: 175. Description: recognition and publicity. Amount: 3,916. Description: meetings. Amount: 95. Total to form 990-ez, line 16: 5,706.”

Raw XML Appendix159 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRAVIS J WILSON
IRS990EZ/BooksInCareOfDetail/PhoneNum08058799900
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 E VICTORIA STREET 2ND FLOOR
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SANTA BARBARA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd093101
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt076324
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt072437
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt089602
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-3887
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt076324
IRS990EZ/Form990TotalAssetsGrp/EOYAmt072437
IRS990EZ/GrantsAndSimilarAmountsPaidAmt085000
IRS990EZ/GrossReceiptsAmt089602
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt076324
IRS990EZ/NetAssetsOrFundBalancesEOYAmt072437
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt076324
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt072437
IRS990EZ/OccupancyRentUtltsAndMaintAmt0269
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JONATHAN K WANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARITZA MEJIA-WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DEBRA J ROETS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3TRAVIS J WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4REFUGIA ACOSTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5GEORGE THURLOW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt05706
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SCHOLARSHIPS FOR STUDENTS IN SANTA BARBARA COUNTY WHO DO NOT HAVE ACCESS TO TRADITIONAL SOURCES OF FINANCIAL AID.
IRS990EZ/PrintingPublicationsPostageAmt02514
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHOLARSHIPS ADMINISTERED FREE OF CHARGE BY THE SCHOLARSHIP FOUNDATION OF SANTA BARBARA (A 501C3) FOR STUDENTS WHO DO NOT HAVE ACCESS TO FEDERAL FINANCIAL AID.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt085000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt089245
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt093489
IRS990EZ/TotalProgramServiceExpensesAmt089245
IRS990EZ/TotalRevenueAmt089602
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ADSUMSB.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt089602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt064344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt099411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt059836
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt019783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0332976
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0307736
IRS990ScheduleA/SubstantialContributorsTotAmt025240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt089602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt064344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt099411
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt059836
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt019783
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0332976
IRS990ScheduleA/TotalSupportAmt0332976
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: EDUCATIONAL SCHOLARSHIPS. GRANTEE NAME: SCHOLARSHIP FOUNDAITON OF SANTA BARBARA. GRANTEE ADDRESS: 2253 LAS POSITAS ROAD SANTA BARBARA, CA 93105. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 03/28/14. AMOUNT GIVEN: 85,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE. AMOUNT: 1,032. DESCRIPTION: SUPPLIES. AMOUNT: 488. DESCRIPTION: BANK AND CREIDT CARD FEES. AMOUNT: 175. DESCRIPTION: RECOGNITION AND PUBLICITY. AMOUNT: 3,916. DESCRIPTION: MEETINGS. AMOUNT: 95. TOTAL TO FORM 990-EZ, LINE 16: 5,706.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS J WILSON CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08058799900
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADSUM EDUCATION FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ADSU
ReturnHeader/Filer/EIN0271749421
ReturnHeader/Filer/PhoneNum08052337575
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 90710
ReturnHeader/Filer/USAddress/CityNm0SANTA BARBARA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0931900710
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0953680171
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGOWAN GUNTERMANN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 E VICTORIA ST 2ND FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA BARBARA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0931012018
ReturnHeader/PreparerPersonGrp/PhoneNum08059629175
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS WILSON CPA
ReturnHeader/ReturnTs02015-02-09T09:30:16-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits