Civic Intelligence

Akiba Foundation

990 • Fiscal year 2016 • EIN 27-1865925

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 27, 2017

Organization ProfileN/A
12324 Merit DriveDallas, TX 75251

(214) 295-3400

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

13th percentile

0.00x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-85%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

33rd percentile

-2.3%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets13th percentile

Assets

Down

$4,883,448

Down $114,848 (-2.3%) from 2015

Net Assets

Down

$4,883,448

Down $114,848 (-2.3%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin4th percentile

Revenue

Down

$135,187

Down $147,196 (-52%) from 2015

Expenses

Up

$250,034

Up $7,424 (+3.1%) from 2015

Net Income

Down

-$114,847

Down $154,620 (-389%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $4,624,847Liabilities 2012: $0Net Assets 2012: $4,624,8472012Assets 2013: $4,555,484Liabilities 2013: $0Net Assets 2013: $4,555,4842013Assets 2014: $4,964,308Liabilities 2014: $0Net Assets 2014: $4,964,3082014Assets 2015: $4,998,296Liabilities 2015: $0Net Assets 2015: $4,998,2962015Assets 2016: $4,883,448Liabilities 2016: $0Net Assets 2016: $4,883,4482016Assets 2018: $4,958,206Liabilities 2018: $0Net Assets 2018: $4,958,2062018Assets 2019: $5,211,950Liabilities 2019: $0Net Assets 2019: $5,211,9502019Assets 2020: $5,176,878Liabilities 2020: $0Net Assets 2020: $5,176,8782020Assets 2021: $5,310,833Liabilities 2021: $0Net Assets 2021: $5,310,8332021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$4,883,448
Liabilities$0
Net Assets$4,883,448
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0-$500KExpenses 2012: $204,5692012Expenses 2013: $256,7182013Revenue 2014: $578,483Expenses 2014: $169,659Net Income 2014: $408,8242014Revenue 2015: $282,383Expenses 2015: $242,610Net Income 2015: $39,7732015Revenue 2016: $135,187Expenses 2016: $250,034Net Income 2016: -$114,8472016Revenue 2018: $397,441Expenses 2018: $244,571Net Income 2018: $152,8702018Revenue 2019: $77,076Expenses 2019: $452,756Net Income 2019: -$375,6802019Revenue 2020: $216,639Expenses 2020: $251,711Net Income 2020: -$35,0722020Revenue 2021: $382,196Expenses 2021: $248,241Net Income 2021: $133,9552021Revenue 2022: $265,867Expenses 2022: $138,202Net Income 2022: $127,6652022

Highlighted filing

2016

Revenue$135,187
Expenses$250,034
Net Income-$114,847
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 27, 2017
Return Version
2015v3.0
Gross Receipts
$159,619
Mission and Program Overview

Mission

Sole purpose is for the benefit of akiba academy of dallas

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$4,905,842$4,905,842→ $0
Investments in Publicly Traded Securities$4,173,457$4,158,900▼ $14,557
Cash and Non-Interest-Bearing Accounts$824,839$724,548▼ $100,291
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$92,454$-22,394▼ $114,848
Total Assets$4,998,296$4,883,448▼ $114,848
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,998,296$4,883,448▼ $114,848
Total Liabilities and Net Assets / Fund Balance$4,998,296$4,883,448▼ $114,848
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Andrew SchultzOfficer
Ann RosenbergOfficer
Carol AgroninOfficer
Danny GuttmanOfficer
Jaynie Schultz RomanerOfficer
Laura LacritzOfficer
Liz LienerOfficer
Lizzy Rosenberg GriefOfficer
Merrill KaliserOfficer
Steven P RosenbergOfficer
Stuart WernickOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,083
Program Service Revenue
$0
Investment Income
$124,104
Other Revenue
$0
All Other Contributions
$11,083
Change in Net Assets
$-114,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$250,034
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
Payments to Affiliates$234,255--$234,255
Fees for Service Investment Mgmnt Fees-$15,779-$15,779
Total Functional Expenses$234,255$15,779$0$250,034
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 11

“A draft of the form 990 was reviewed by the director of finance, any corrections are made by the auditors. The audited financial statements were reviewed by the entire board.”

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

“Each director, principle officer and member of a committee affirmed their compliance with the conflict of interest policy. The foundation reviewed to ensure that it operates in a manner consistent with charitable purposes and did not engage in activities that could jeopardize its tax-exempt status.”

Form 990, Part VI, Section C, Line 19

“The organization considered requests for the documents on a case-by-case basis, and in cases in which the organization agreed to make documents available, offered to make them available for inspection, either in the organization's administrative offices, or at the offices of a designated agent, as determined by the organization.”

Filing and Contact Details

Filer

Filer Name
Akiba Foundation
EIN
27-1865925
Phone
2142953400
Address
12324 MERIT DRIVE, DALLAS, TX 75251

Signing Officer

Name
Andrew Schultz
Title
President
Phone
2142953400
Signed
2017-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Schultz
Formed
2009
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Bland Garvey Pc
Address
2600 N CENTRAL EXPY 550, RICHARDSON, TX 75080-2007
Preparer
Robert W Justice
Phone
9722312503
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -1.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE AKIBA FOUNDATION SOLELY BENEFITS AKIBA ACADEMY OF DALLAS. THE FOUNDATION MAKES AN ANNUAL DISTRIBUTION TO THE ACADEMY FOR TUITION ASSISTANCE TO STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 WAS REVIEWED BY THE DIRECTOR OF FINANCE, ANY CORRECTIONS ARE MADE BY THE AUDITORS. THE AUDITED FINANCIAL STATEMENTS WERE REVIEWED BY THE ENTIRE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, PRINCIPLE OFFICER AND MEMBER OF A COMMITTEE AFFIRMED THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE FOUNDATION REVIEWED TO ENSURE THAT IT OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DID NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONSIDERED REQUESTS FOR THE DOCUMENTS ON A CASE-BY-CASE BASIS, AND IN CASES IN WHICH THE ORGANIZATION AGREED TO MAKE DOCUMENTS AVAILABLE, OFFERED TO MAKE THEM AVAILABLE FOR INSPECTION, EITHER IN THE ORGANIZATION'S ADMINISTRATIVE OFFICES, OR AT THE OFFICES OF A DESIGNATED AGENT, AS DETERMINED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751151383
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt012324 MERIT DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075251
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0234255
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AKIBA ACADEMY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04998296
IRS990/TotalAssetsEOYAmt04883448
IRS990/TotalAssetsGrp/BOYAmt04998296
IRS990/TotalAssetsGrp/EOYAmt04883448
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011083
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015779
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234255
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250034
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04998296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04883448
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0234255
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0124104
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135187
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04998296
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04883448
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012324 MERIT DRIVE
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075251
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW SCHULTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02142953400
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKIBA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AKIB
ReturnHeader/Filer/EIN0271865925
ReturnHeader/Filer/PhoneNum02142953400
ReturnHeader/Filer/USAddress/AddressLine1Txt012324 MERIT DRIVE
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075251
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751854024
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLAND GARVEY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02600 N CENTRAL EXPY 550
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHARDSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750802007
ReturnHeader/PreparerPersonGrp/PhoneNum09722312503
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W JUSTICE
ReturnHeader/ReturnTs02017-03-08T09:35:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$4,883,448
Liabilities
$0
Net assets
$4,883,448
Revenue
$135,187
Expenses
$250,034
Net income
-$114,847
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.27$0.14$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$0.00$5.31$0.38$0.25$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$0.00$5.18$0.22$0.25$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.21$0.00$5.21$0.08$0.45$0.38
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.96$0.00$4.96$0.40$0.24$0.15
2016Detailed filing. Detailed filing data is available for this year.$4.88$0.00$4.88$0.14$0.25$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.28$0.24$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.96$0.00$4.96$0.58$0.17$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.56$0.00$4.56$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$0.00$4.62$0.20