Civic Intelligence

Snap One Cares Foundation

990 • Fiscal year 2020 • EIN 27-1915662

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
11734 S Election RdDraper, UT 84020

(704) 213-4366

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

92nd percentile

56%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

$413,638

No earlier filing loaded for comparison.

Net Assets

$413,638

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin92nd percentile

Revenue

$689,443

No earlier filing loaded for comparison.

Expenses

$299,924

No earlier filing loaded for comparison.

Net Income

$389,519

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2020: $413,638Liabilities 2020: $0Net Assets 2020: $413,6382020Assets 2021: $381,555Liabilities 2021: $0Net Assets 2021: $381,5552021Assets 2022: $364,869Liabilities 2022: $0Net Assets 2022: $364,8692022Assets 2023: $347,076Liabilities 2023: $0Net Assets 2023: $347,0762023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$413,638
Liabilities$0
Net Assets$413,638
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2020: $689,443Expenses 2020: $299,924Net Income 2020: $389,5192020Revenue 2021: $30,808Expenses 2021: $62,891Net Income 2021: -$32,0832021Revenue 2022: $27,149Expenses 2022: $43,835Net Income 2022: -$16,6862022Revenue 2023: $925Expenses 2023: $18,718Net Income 2023: -$17,7932023Revenue 2024: $604Expenses 2024: $347,680Net Income 2024: -$347,0762024

Highlighted filing

2020

Revenue$689,443
Expenses$299,924
Net Income$389,519
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$689,443
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$24,119$413,638▲ $389,519
Savings and Temporary Cash Investments-$349,952-
Cash and Non-Interest-Bearing Accounts$24,119$63,686▲ $39,567
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$24,119$413,638▲ $389,519
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,119$413,638▲ $389,519
Total Liabilities and Net Assets / Fund Balance$24,119$413,638▲ $389,519
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Alison NielsonChair
Cheree NielsonCo-chair
Graham JaenickeAt-large
Jonathan TannerSecretary
Julie LackeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$689,008
Program Service Revenue
$0
Investment Income
$435
Other Revenue
$0
All Other Contributions
$689,008
Change in Net Assets
$389,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$291,277
Other Expenses$8,647
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$290,777--$290,777
Fees for Services Accounting-$7,703-$7,703
Grants to Domestic Orgs$500--$500
Information Technology-$322-$322
Other Expenses-$177-$177
Total Functional Expenses$291,277$8,647$0$299,924
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The treasurer maintains all financial and tax return information. Tax return information is provided to pwc, third party service provider, to prepare the tax return which is then reviewed by the company's tax manager and the foundation's treasurer. Once the tax return is complete the treasurer shares with the board members for final review.”

Form 990, Part VI, Section C, Line 19

“These have not been made publically available in the past.”

Form 990, Part VII, Section A, Line 1A

“Officers and directors of 4thought are employees of snap one, a related organization. Officers and directors are not paid for their roles in 4thought.”

Filing and Contact Details

Filer

Filer Name
4thought Foundation
EIN
27-1915662
Phone
7042134366
Address
11734 S ELECTION RD, DRAPER, UT 84020

Signing Officer

Name
Julie Lackey
Title
Treasurer
Phone
7042134366
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Lackey
Formed
2010
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
10

Preparer

Firm
Pricewaterhousecoopers Llp
Address
214 N TRYON STREET SUITE 4200, CHARLOTTE, NC 28202
Preparer
Brian W Coffey
Phone
7043447500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 and Part III, Line 1

“"committed to making a difference in our community, one neighbor at a time." 4thought has been organized, pursuant to the utah nonprofit corporation and cooperative association act, as a non-profit corporation to operate as a business league within the meaning of section 501(c)(3) of the internal revenue code. The coporation exists to provide financial assitance to individuals in need.”

Form 990, Part III, Line 2

“During 2020, the foundation started a new program to provide employees of snap one holdings corp. With grants if they experienced hardships that were directly caused by covid.”

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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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COVID "HARDSHIP RELIEF FUND" - A FORMAL APPLICATION IS SUBMITTED ONLINE THROUGH FORMSTACK BY SNAP ONE HOLDINGS CORP EMPLOYEES. THE INITIAL APPLICATION IS SCREENED BY A MEMBER OF HR IN ORDER TO EXCLUDE NAME AND PERSONAL INFORMATION FROM THE INFORMATION PROVIDED TO THE BOARD TO REVIEW FOR APPROVAL. THIS ENSURES THE BOARD IS COMPLETELY UNBIASED. SPECIFICALLY RELATED TO THE HARDSHIP GRANTS - INDIVIDUALS WERE REQUIRED TO PROVIDE INFORMATION ON WHETHER THEY HAD BEEN FURLOUGHED, LENGTH OF FURLOUGH HOUSEHOLD INCOME PRIOR TO COVID AND THE CURRENT HOUSEHOLD INCOME AS OF THE APPLICATION DATE , # OF MEMBERS IN HOUSEHOLD (ADULTS AND MINORS SEPARATELY) WHETHER THEY APPLIED FOR AND/OR RECEIVED UNEMPLOYMENT, IF DID NOT RECEIVE, WHY, DOCUMENTATION OF MONTHLY BILLS/RENT/MORTGAGE, WHETHER THEY RECEIVED A 401K LOAN, EXPLANATION OF WHY THEY BELIEVE THEY SHOULD RECEIVE A GRANT, MEDICAL INSURANCE PLAN, WHETHER THEY HAD MEDICAL BILLS DUE TO COVID. BASED ON THIS DATA THE BOARD WOULD REVIEW THE APPLICATION (AGAIN ALL NAMES OR INFORMATION THAT WOULD GIVE AWAY WHO THE PERSON WAS WERE DELETED PRIOR TO PROVIDING TO THE BOARD - IF THE INDIVIDUAL MEETS CERTAIN CRITERIA SET BY THE BOARD, SO HOUSEHOLD INCOME IS LESS THAN $200K JOINT/100K INDIVIDUAL, HOUSEHOLD INCOME WAS REDUCED BY <25%, THE APPLICANT DEMONSTRATED A FINANCIAL HARDSHIP DUE TO COVID BASED ON DOCUMENTATION PROVIDED, EXPLANATION, ETC, THEN A GRANT IS APPROVED. THE BOARD WOULD USE THE DOCUMENTATION PROVIDED BY THE INDIVIDUAL TO PROVE THEIR MONTHLY EXPENSES TO DETERMINE THE AMOUNT OF THE GRANT - GENERALLY IT WOULD BE 2 MONTHS OF RENT/MORTGAGE + 2 MONTHS OF BASIC UTILITIES/CAR PAYMENT + GROCERY ALLOWANCE DEPENDING ON THE TOTAL HOUSEHOLD BEING PROVIDED FOR. THE BOARD ULTIMATELY WOULD HAVE TO DETERMINE IF THEY BELIEVED BASED ON THE LOCATION OF THE INDIVIDUAL IF THE EXPENSES WERE REASONABLE AND HOW MUCH THEY WOULD CONSIDER REASONABLE. AN INDIVIDUAL COULD REQUEST UP TO $5,000 FROM THE FOUNDATION.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1GENERAL FUND - A FORMAL APPLICATION IS SUBMITTED ONLINE THROUGH FORMSTACK BY SNAP ONE HOLDINGS CORP EMPLOYEES. THE INITIAL APPLICATION IS SCREENED BY A MEMBER OF HR IN ORDER TO DETERMINE IF THE APPLICATION HAS ENOUGH INFORMATION TO GO TO THE BOARD. IF IT IS APPROPRIATE THE APPLICATION IS REVIEWED BY THE BOARD TO DETERMINE IF BASED ON THE DEFINITION OF CHARITABLE NEED, THE APPLICATION SHOULD BE SENT TO THE GENERAL COMMITTEE FOR APPROVAL. IF THE BOARD AGREES THERE IS A CHARITABLE NEED, THEN THE APPLICATION IS REVIEWED AND APPROVED BY THE GENERAL COMMITTEE. THE INFORMATION REQUIRED BY THE APPLICANT IS AN EXPLANATION OF NEED, AMOUNT REQUESTED, IF THEY ARE WILLING TO SHARE HOUSEHOLD BILLS THEN DOCUMENTATION OF THOSE. THE APPLICATIONS SENT FOR THE GENERAL FUND ARE SUBMITTED BY AN INDIVIDUAL ON BEHALF OF SOMEONE ELSE, SO THEY TYPICALLY DO NOT HAVE DETAILED PERSONAL INFORMATION ABOUT FINANCES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCH I, PART I, LINE 2, A
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCH I, PART I, LINE 2, B
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0"COMMITTED TO MAKING A DIFFERENCE IN OUR COMMUNITY, ONE NEIGHBOR AT A TIME." 4THOUGHT HAS BEEN ORGANIZED, PURSUANT TO THE UTAH NONPROFIT CORPORATION AND COOPERATIVE ASSOCIATION ACT, AS A NON-PROFIT CORPORATION TO OPERATE AS A BUSINESS LEAGUE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE COPORATION EXISTS TO PROVIDE FINANCIAL ASSITANCE TO INDIVIDUALS IN NEED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING 2020, THE FOUNDATION STARTED A NEW PROGRAM TO PROVIDE EMPLOYEES OF SNAP ONE HOLDINGS CORP. WITH GRANTS IF THEY EXPERIENCED HARDSHIPS THAT WERE DIRECTLY CAUSED BY COVID.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TREASURER MAINTAINS ALL FINANCIAL AND TAX RETURN INFORMATION. TAX RETURN INFORMATION IS PROVIDED TO PWC, THIRD PARTY SERVICE PROVIDER, TO PREPARE THE TAX RETURN WHICH IS THEN REVIEWED BY THE COMPANY'S TAX MANAGER AND THE FOUNDATION'S TREASURER. ONCE THE TAX RETURN IS COMPLETE THE TREASURER SHARES WITH THE BOARD MEMBERS FOR FINAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE HAVE NOT BEEN MADE PUBLICALLY AVAILABLE IN THE PAST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND DIRECTORS OF 4THOUGHT ARE EMPLOYEES OF SNAP ONE, A RELATED ORGANIZATION. OFFICERS AND DIRECTORS ARE NOT PAID FOR THEIR ROLES IN 4THOUGHT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1 AND PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A, LINE 1A
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0413638
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IRS990/TotalContributionsAmt0689008
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0689443
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE LACKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07042134366
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt04THOUGHT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt04THO
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ReturnHeader/Filer/PhoneNum07042134366
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum07043447500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN W COFFEY
ReturnHeader/ReturnTs02021-11-15T10:17:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LACKEY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$413,638
Liabilities
$0
Net assets
$413,638
Revenue
$689,443
Expenses
$299,924
Net income
$389,519
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$3.48$3.47
2023Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.01$0.19$0.18
2022Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$0.27$0.44$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.00$3.82$0.31$0.63$0.32
2020Detailed filing. Detailed filing data is available for this year.$4.14$0.00$4.14$6.89$3.00$3.90