Civic Intelligence

Excellence in Investing for Childrens Causes Inc.

990 • Fiscal year 2016 • EIN 27-2015422

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 29, 2017

PO Box 22112San Francisco, CA 94122

(415) 728-4455

Siviq Scores

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

Liabilities / Assets

91st percentile

0.67x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

86th percentile

0.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

52nd percentile

3.9%

Higher net margin than 52% 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

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

35th percentile

-9.2%

Faster revenue growth than 35% of similar nonprofits.

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

Assets

Down

$81,930

Down $26,174 (-24%) from 2015

Net Assets

Up

$27,178

Up $12,424 (+84%) from 2015

Liabilities

Down

$54,752

Down $38,598 (-41%) from 2015

Revenue

Down

$321,900

Down $32,602 (-9.2%) from 2015

Expenses

Down

$309,476

Down $16,236 (-5.0%) from 2015

Net Income

Down

$12,424

Down $16,366 (-57%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2012: $133,433Liabilities 2012: $261,565Net Assets 2012: -$128,1322012Assets 2013: $108,560Liabilities 2013: $205,995Net Assets 2013: -$97,4352013Assets 2014: $96,864Liabilities 2014: $110,900Net Assets 2014: -$14,0362014Assets 2015: $108,104Liabilities 2015: $93,350Net Assets 2015: $14,7542015Assets 2016: $81,930Liabilities 2016: $54,752Net Assets 2016: $27,1782016Assets 2017: $33,979Liabilities 2017: $638Net Assets 2017: $33,3412017Assets 2018: $99,337Liabilities 2018: $59,845Net Assets 2018: $39,4922018Assets 2019: $41,612Liabilities 2019: $9,973Net Assets 2019: $31,6392019Assets 2020: $61,802Liabilities 2020: $607Net Assets 2020: $61,1952020Assets 2021: $65,126Liabilities 2021: $58Net Assets 2021: $65,0682021Assets 2022: $112,071Liabilities 2022: $0Net Assets 2022: $112,0712022Assets 2023: $48,143Liabilities 2023: $0Net Assets 2023: $48,1432023Assets 2024: $44,044Liabilities 2024: $2,122Net Assets 2024: $41,9222024

Highlighted filing

2016

Assets$81,930
Liabilities$54,752
Net Assets$27,178

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $285,3692012Revenue 2013: $355,733Expenses 2013: $325,036Net Income 2013: $30,6972013Revenue 2014: $366,867Expenses 2014: $283,468Net Income 2014: $83,3992014Revenue 2015: $354,502Expenses 2015: $325,712Net Income 2015: $28,7902015Revenue 2016: $321,900Expenses 2016: $309,476Net Income 2016: $12,4242016Revenue 2017: $297,150Expenses 2017: $290,987Net Income 2017: $6,1632017Revenue 2018: $335,175Expenses 2018: $329,024Net Income 2018: $6,1512018Revenue 2019: $338,999Expenses 2019: $346,852Net Income 2019: -$7,8532019Revenue 2020: $219,470Expenses 2020: $189,914Net Income 2020: $29,5562020Revenue 2021: $236,200Expenses 2021: $232,327Net Income 2021: $3,8732021Revenue 2022: $228,352Expenses 2022: $181,349Net Income 2022: $47,0032022Revenue 2023: $438,010Expenses 2023: $501,938Net Income 2023: -$63,9282023Revenue 2024: $523,820Expenses 2024: $530,041Net Income 2024: -$6,2212024

Highlighted filing

2016

Revenue$321,900
Expenses$309,476
Net Income$12,424
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 29, 2017
Return Version
2016v3.0
Gross Receipts
$321,900
Mission and Program Overview

Mission

The conference brings together some of the world's top investors and other prominent thinkers to share their investment ideas and insights. The conference was inspired by and is patterned after the Ira Sohn Investment Research Conference.

Excellence in Investing for Childrens Causes, Inc. organizes the Sohn Conference San Francisco, an annual investment conference benefiting Bay Area and national organizations involved in education and other childrens causes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$85,000--
Cash and Non-Interest-Bearing Accounts$100,304$75,480▼ $24,824
Prepaid Expenses and Deferred Charges$7,800$6,450▼ $1,350
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$108,104$81,930▼ $26,174
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,350$54,752▲ $46,402
Total Liabilities$93,350$54,752▼ $38,598
Net Assets / Fund Balance
Unrestricted Net Assets$14,754$27,178▲ $12,424
Total Net Assets Fund Balance$14,754$27,178▲ $12,424
Total Liabilities and Net Assets / Fund Balance$108,104$81,930▼ $26,174
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patrick WolffPresident
Peter LardnerVice President
Adam BristolSecretary
Abraham KoziphattTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$321,900
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$321,900
Change in Net Assets
$12,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$321,900
Total Revenue per Audited Statements
$321,900
Total Revenue per Form 990
$321,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$172,752
Other Expenses$136,724
Total Fundraising Expense$6,300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$172,752--$172,752
Fees for Services Accounting-$10,940-$10,940
Information Technology$3,549-$3,550$7,099
Office Expenses-$3,478-$3,478
Other Expenses$26,325$4,009$2,750$2,750
Total Functional Expenses$284,749$18,427$6,300$309,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$309,476
Total Expenses per Audited Statements$309,476
Total Expenses per Form 990$309,476
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ira Sohn Conference FdtnNew York, NY501(c)(3)pediatric cancer/childhood diseases$47,752
Alive & FreeSan Francisco, CA501(c)(3)Youth programs$25,000
First Place for YouthOakland, CA501(c)(3)Education opportunities - children$25,000
Meritus College FundSan Francisco, CA501(c)(3)low income student education$25,000
SEO Scholars San FranciscoSan Francisco, CA501(c)(3)Educational assistance$25,000
SquashDriveEmeryville, CA501(c)(3)after-school enrichment program$25,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$85,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management and at least one member of the board of directors. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management or the board authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest at least annually. The executive director and all board members are required to disclose (in writing) potential conflicts and any related party affiliations. Loans between the organization and members of management and the board are strictly prohibited. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Organization has no paid employees. All of the activities are carried out by an all-volunteer board of directors and other individuals who contribute their time and talents.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The Organization has no paid employees. All of the activities are carried out by an all-volunteer board of directors and other individuals who contribute their time and talents.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in san francisco, california.

Filing and Contact Details

Filer

Filer Name
Excellence in Investing
EIN
27-2015422
Phone
4157284455
Address
PO Box 22112, San Francisco, CA 94122

Signing Officer

Name
Patrick Wolff
Title
President
Signed
2017-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Wolff
Formed
2010
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
20

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes, Income Taxes. Under ASC 740, EICC is required to report information regarding its exposure to various tax positions taken by EICC and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that EICC has adequately evaluated its current tax positions and has concluded that as of December 31, 2016 EICC does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.EICC has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that EICC continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. EICC may periodically receive unrelated business income requiring EICC to file separate tax returns under federal and state statutes. Under such conditions, EICC calculates and accrues the applicable taxes payable.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes, Income Taxes. Under ASC 740, EICC is required to report information regarding its exposure to various tax positions taken by EICC and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that EICC has adequately evaluated its current tax positions and has concluded that as of December 31, 2016 EICC does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.EICC has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that EICC continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. EICC may periodically receive unrelated business income requiring EICC to file separate tax returns under federal and state statutes. Under such conditions, EICC calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalRevenuePerForm990Amt0321900
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
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IRS990ScheduleI/RecipientTable/CashGrantAmt247752
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Youth programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Education opportunities - children
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2pediatric cancer/childhood diseases
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3low income student education
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Educational assistance
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5after-school enrichment program
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Alive & Free
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1First Place for Youth
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Ira Sohn Conference Fdtn
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Meritus College Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SEO Scholars San Francisco
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SquashDrive
IRS990ScheduleI/RecipientTable/RecipientEIN0943171846
IRS990ScheduleI/RecipientTable/RecipientEIN1133840394
IRS990ScheduleI/RecipientTable/RecipientEIN2204694054
IRS990ScheduleI/RecipientTable/RecipientEIN3943257076
IRS990ScheduleI/RecipientTable/RecipientEIN4943279613
IRS990ScheduleI/RecipientTable/RecipientEIN5270719761
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01060 Tennessee St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11601 Telegraph Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt221 West 38th Street 5th Floor
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31012 Torney Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt42030 Harrison St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 99165
IRS990ScheduleI/RecipientTable/USAddress/CityNm0San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Oakland
IRS990ScheduleI/RecipientTable/USAddress/CityNm2New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm3San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm4San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Emeryville
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CA
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd494110
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Excellence in Investing for Children's Causes requires ongoing feedback in the form of written reports in order to monitor the progress of each funded grant.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt06
IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Jack Selby
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Jack Selby
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Patrick Wolff
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Director
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Note payable of $85,000 at December 31, 2015 represented a noninterest-bearing liability consisting of funds advanced by certain members of the Board of Directors (in the original amount of $300,000) to pay for the organizations start-up costs. All such advances have been memorialized with promissory notes payable on demand. The outstanding balance at December 31, 2015 was paid in full during the year ended December 31, 2016.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT AND AT LEAST ONE MEMBER OF THE BOARD OF DIRECTORS. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT OR THE BOARD AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. THE EXECUTIVE DIRECTOR AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has no paid employees. All of the activities are carried out by an all-volunteer board of directors and other individuals who contribute their time and talents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization has no paid employees. All of the activities are carried out by an all-volunteer board of directors and other individuals who contribute their time and talents.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE IN SAN FRANCISCO, CALIFORNIA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false

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