Civic Intelligence

Adsum Education Foundation Inc

990EZ • Fiscal year 2016 • EIN 27-1749421

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 07, 2017

Organization ProfileWWW.ADSUMSB.ORG
PO Box 90710Santa Barbara, CA 93190-0710

(805) 233-7575

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

4th percentile

-125%

Higher net margin than 4% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

3rd percentile

-86%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

10th percentile

-49%

Faster revenue growth than 10% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$9,429

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

Net Assets

Down

$9,429

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

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin4th 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

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$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 Growth10th percentile

Revenue, expenses, and net income across loaded years, with this 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
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 7, 2017
Return Version
2016v3.0
Gross Receipts
$47,999
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.$100,000$100,000
Compensation and Service Providers
Top Officer Pay75th 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
2017-03-07

Preparer

Firm
Macfarlane Faletti & Co Llp
Address
115 E MICHELTORENA ST 200, SANTA BARBARA, CA 93101
Preparer
Travis J Wilson
Phone
8059664157
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: 03/21/16. Amount given: 100000.”

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

“Description: insurance. Amount: 1032. Description: supplies. Amount: 194. Description: bank and creidt card fees. Amount: 149. Description: recognition and publicity. Amount: 5535. Description: meetings. Amount: 310. Total to form 990-ez, line 16: 7220.”

Raw XML Appendix167 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/PersonNm0TRAVIS J WILSON
IRS990EZ/BooksInCareOfDetail/PhoneNum08059664157
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0115 E MICHELTORENA STREET SUITE 200
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SANTA BARBARA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd093101
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IRS990EZ/ExcessOrDeficitForYearAmt0-60145
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt0100000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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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/OtherExpensesTotalAmt07220
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/PrintingPublicationsPostageAmt0613
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/GrantsAndAllocationsAmt0100000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0100000
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/TotalExpensesAmt0108144
IRS990EZ/TotalProgramServiceExpensesAmt0100000
IRS990EZ/TotalRevenueAmt047999
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ADSUMSB.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt047999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt094394
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt089602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt064344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0395750
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92040
IRS990ScheduleA/PublicSupportPY170Pct00.92470
IRS990ScheduleA/PublicSupportTotal170Amt0364254
IRS990ScheduleA/SubstantialContributorsTotAmt031496
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt047999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt094394
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt089602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099411
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0395750
IRS990ScheduleA/TotalSupportAmt0395750
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: 03/21/16. AMOUNT GIVEN: 100000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INSURANCE. AMOUNT: 1032. DESCRIPTION: SUPPLIES. AMOUNT: 194. DESCRIPTION: BANK AND CREIDT CARD FEES. AMOUNT: 149. DESCRIPTION: RECOGNITION AND PUBLICITY. AMOUNT: 5535. DESCRIPTION: MEETINGS. AMOUNT: 310. TOTAL TO FORM 990-EZ, LINE 16: 7220.
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TRAVIS J WILSON CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08058799900
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-07
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D766A256AB42D3EE45F138D70275685F327E21B3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05D105AD2EA13EF3ACD02396C86B369CCD521DC36
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.173.162.138
ReturnHeader/FilingSecurityInformation/IPDt02017-03-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm011:42:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952835976
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MACFARLANE FALETTI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0115 E MICHELTORENA ST 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SANTA BARBARA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093101
ReturnHeader/PreparerPersonGrp/PhoneNum08059664157
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS J WILSON
ReturnHeader/ReturnTs02017-03-12T18:44:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

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
2016Detailed filing. Detailed filing data is available for this year.$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