Civic Intelligence

Nous Foundation Inc.

990 • Fiscal year 2016 • EIN 27-1871373

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 08, 2017

195 Carlton RoadWaban, MA 02468

(917) 612-9762

Siviq Scores

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

Liabilities / Assets

68th percentile

0.28x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.21x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

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

Top Officer Pay

85th percentile

$156,438

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

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

Asset Growth

96th percentile

104%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

83rd percentile

30%

Faster revenue growth than 83% of similar nonprofits.

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

Assets

Up

$801,894

Up $501,167 (+167%) from 2014

Net Assets

Up

$579,534

Up $705,839 (+559%) from 2014

Liabilities

Down

$222,360

Down $204,672 (-48%) from 2014

Revenue

Up

$1,082,503

Up $620,928 (+135%) from 2014

Expenses

Up

$580,756

Up $102,897 (+22%) from 2014

Net Income

Up

$501,747

Up $518,031 (+3181%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2013: $355,328Liabilities 2013: $465,349Net Assets 2013: -$110,0212013Assets 2014: $300,727Liabilities 2014: $427,032Net Assets 2014: -$126,3052014Assets 2016: $801,894Liabilities 2016: $222,360Net Assets 2016: $579,5342016Assets 2017: $1,108,602Liabilities 2017: $225,479Net Assets 2017: $883,1232017Assets 2018: $1,099,257Liabilities 2018: $205,434Net Assets 2018: $893,8232018Assets 2019: $1,458,616Liabilities 2019: $234,277Net Assets 2019: $1,224,3392019Assets 2020: $1,437,772Liabilities 2020: $369,081Net Assets 2020: $1,068,6912020Assets 2021: $1,526,743Liabilities 2021: $190,574Net Assets 2021: $1,336,1692021Assets 2022: $1,070,084Liabilities 2022: $86,080Net Assets 2022: $984,0042022Assets 2024: $676,474Liabilities 2024: $79,132Net Assets 2024: $597,3422024

Highlighted filing

2016

Assets$801,894
Liabilities$222,360
Net Assets$579,534

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $309,073Expenses 2013: $446,667Net Income 2013: -$137,5942013Revenue 2014: $461,575Expenses 2014: $477,859Net Income 2014: -$16,2842014Revenue 2016: $1,082,503Expenses 2016: $580,756Net Income 2016: $501,7472016Revenue 2017: $986,506Expenses 2017: $682,917Net Income 2017: $303,5892017Revenue 2018: $818,931Expenses 2018: $808,231Net Income 2018: $10,7002018Revenue 2019: $1,247,354Expenses 2019: $916,838Net Income 2019: $330,5162019Revenue 2020: $1,013,412Expenses 2020: $1,169,060Net Income 2020: -$155,6482020Revenue 2021: $1,587,738Expenses 2021: $1,320,260Net Income 2021: $267,4782021Revenue 2022: $1,140,875Expenses 2022: $1,532,438Net Income 2022: -$391,5632022Revenue 2024: $636,963Expenses 2024: $797,699Net Income 2024: -$160,7362024

Highlighted filing

2016

Revenue$1,082,503
Expenses$580,756
Net Income$501,747
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$1,082,503
Mission and Program Overview

Mission

Promote awareness of end of life issues and treatment options for patients and their families

Promote awareness of end of life issues and treatment options for patients and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$246,782$452,690▲ $205,908
Pledges and Grants Receivable-$250,000-
Cash and Non-Interest-Bearing Accounts$124,605$82,343▼ $42,262
Land, Buildings, and Equipment, Net$12,519$8,225▼ $4,294
Accounts Receivable$3,033$6,542▲ $3,509
Prepaid Expenses and Deferred Charges$6,770$2,094▼ $4,676
Total Assets$393,709$801,894▲ $408,185
Liabilities
Deferred Revenue$275,375$184,099▼ $91,276
Accounts Payable and Accrued Expenses$40,547$38,261▼ $2,286
Total Liabilities$315,922$222,360▼ $93,562
Net Assets / Fund Balance
Unrestricted Net Assets$77,787$329,534▲ $251,747
Temporarily Rstr Net Assets-$250,000-
Total Net Assets Fund Balance$77,787$579,534▲ $501,747
Total Liabilities and Net Assets / Fund Balance$393,709$801,894▲ $408,185

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,225$25,811$34,036
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aretha Delight DavisExecutive Director/clerkFT$155,000$1,438$156,438
Angelo Volandes MdPresidentPT$52,500-$52,500

Board Members and Trustees

NameTitle
Lenny LopezDirector
Elmer AbboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500,000
Program Service Revenue
$580,293
Investment Income
$0
Other Revenue
$2,210
All Other Contributions
$500,000
Change in Net Assets
$501,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,082,503
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$85,161
Total Revenue per Audited Statements
$1,167,664
Total Revenue per Form 990
$1,082,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,365
Salaries, Compensation, and Employee Benefits$247,391
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$140,794$15,644-$156,438
Depreciation Depletion$113,882$614-$114,496
Other Salaries and Wages$65,250--$65,250
Fees for Services Accounting-$57,460-$57,460
Information Technology$53,754--$53,754
Travel$34,611$482-$35,093
Fees for Services Legal$28,270$3,141-$31,411
Fees for Services Other$18,370--$18,370
Payroll Taxes$14,197$1,075-$15,272
Other Employee Benefits$10,119$312-$10,431
Office Expenses$7,885$460-$8,345
Insurance$7,225$803-$8,028
Other Expenses$3,338$371-$3,709
Advertising$1,785--$1,785
All Other Expenses-$914-$914
Total Functional Expenses$499,480$81,276$0$580,756

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$665,917
Expenses per Audited Statements$580,756
Total Expenses per Form 990$580,756
Expenses Not Reported on Form 990$85,161
Expenses Not Reported on Financial Statements$0
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
Yes
Other officer compensation reviewed
Yes
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, Section A, Line 2

Angelo volandes and aretha delight davis are married

Form 990, Part VI, Section B, Line 11B

Copy of tax return provided to governing members prior to filing

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

Foundation has a conflict of interest policy. It is located in article vi of the by-laws as well as on page 9 of the employee handbook. This policy was enforced in 2013 with respect to aretha delight davis becoming excecutive director of the foundation.

Form 990, Part VI, Section B, Line 15

The compensation of the executive director is established in accordance with the organization's executive compensation memo.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Nous Foundation Inc
EIN
27-1871373
Phone
9176129762
Address
195 CARLTON ROAD, WABAN, MA 02468

Signing Officer

Name
Angelo E Volandes
Title
President
Phone
9176129762
Signed
2017-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angelo E Volandes
Formed
2010
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
2
Employees
2
Volunteers
3

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 5

The amount reported on form 990, part ix, line 5 includes compensation for aretha davis only. Angelo volandes, the president of the organization, was also compensated. Compensation paid to him was for consulting services relating to video production services. As such, that amount was included in the cost of the asset and not expensed. Since it was not expensed it is not included in the amount reported on form 990, part ix, line 5.

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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/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0314352
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01139552
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01080293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0833089
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0461575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0782969
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt090611
IRS990ScheduleA/Total509Grp/TotalAmt03248537
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01082503
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0833089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0461575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0782969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt090611
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03250747
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/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesUseFcltsAmt085161
IRS990ScheduleD/EquipmentGrp/BookValueAmt08225
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034036
IRS990ScheduleD/ExpensesNotReportedAmt085161
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0580756
IRS990ScheduleD/NetUnrealizedGainsInvstAmt085161
IRS990ScheduleD/RevenueNotReportedAmt085161
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01082503
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08225
IRS990ScheduleD/TotalExpensesPerForm990Amt0580756
IRS990ScheduleD/TotalRevenuePerForm990Amt01082503
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01167664
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0665917
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt01438
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ARETHA DELIGHT DAVIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/CLERK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156438
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANGELO VOLANDES AND ARETHA DELIGHT DAVIS ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF TAX RETURN PROVIDED TO GOVERNING MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOUNDATION HAS A CONFLICT OF INTEREST POLICY. IT IS LOCATED IN ARTICLE VI OF THE BY-LAWS AS WELL AS ON PAGE 9 OF THE EMPLOYEE HANDBOOK. THIS POLICY WAS ENFORCED IN 2013 WITH RESPECT TO ARETHA DELIGHT DAVIS BECOMING EXCECUTIVE DIRECTOR OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS ESTABLISHED IN ACCORDANCE WITH THE ORGANIZATION'S EXECUTIVE COMPENSATION MEMO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AMOUNT REPORTED ON FORM 990, PART IX, LINE 5 INCLUDES COMPENSATION FOR ARETHA DAVIS ONLY. ANGELO VOLANDES, THE PRESIDENT OF THE ORGANIZATION, WAS ALSO COMPENSATED. COMPENSATION PAID TO HIM WAS FOR CONSULTING SERVICES RELATING TO VIDEO PRODUCTION SERVICES. AS SUCH, THAT AMOUNT WAS INCLUDED IN THE COST OF THE ASSET AND NOT EXPENSED. SINCE IT WAS NOT EXPENSED IT IS NOT INCLUDED IN THE AMOUNT REPORTED ON FORM 990, PART IX, LINE 5.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 5
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/StatesWhereCopyOfReturnIsFldCd1OR
IRS990/StatesWhereCopyOfReturnIsFldCd2HI
IRS990/StatesWhereCopyOfReturnIsFldCd3CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0250000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0393709
IRS990/TotalAssetsEOYAmt0801894
IRS990/TotalAssetsGrp/BOYAmt0393709
IRS990/TotalAssetsGrp/EOYAmt0801894
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0500000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081276
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0499480
IRS990/TotalFunctionalExpensesGrp/TotalAmt0580756
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0315922
IRS990/TotalLiabilitiesEOYAmt0222360
IRS990/TotalLiabilitiesGrp/BOYAmt0315922
IRS990/TotalLiabilitiesGrp/EOYAmt0222360
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt077787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0579534
IRS990/TotalOtherCompensationAmt01438
IRS990/TotalProgramServiceExpensesAmt0499480
IRS990/TotalProgramServiceRevenueAmt0580293
IRS990/TotalReportableCompFromOrgAmt0207500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0582503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01082503
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0393709
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0801894
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0482
IRS990/TravelGrp/ProgramServicesAmt034611
IRS990/TravelGrp/TotalAmt035093
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt077787
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0329534
IRS990/UponRequestInd0X

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