Civic Intelligence

Watch Hill Enhancement Foundation

990 • Fiscal year 2013 • EIN 27-2293433

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 12, 2014

C/O M Thomsen 42 Granite Street02891-2250

(401) 596-2094

Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

14th percentile

0.00x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

40th percentile

-0.1%

Higher net margin than 40% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

1st percentile

-93%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Assets

Down

$196

Down $2,628 (-93%) from 2012

Net Assets

Down

$196

Down $2,628 (-93%) from 2012

Liabilities

Flat

$0

Flat from 2012

Revenue

$2,830,500

No earlier filing loaded for comparison.

Expenses

Up

$2,833,128

Up $2,334,182 (+468%) from 2012

Net Income

-$2,628

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0K$4.0K$2.0K$0Assets 2011: $5,010Liabilities 2011: $0Net Assets 2011: $5,0102011Assets 2012: $2,824Liabilities 2012: $0Net Assets 2012: $2,8242012Assets 2013: $196Liabilities 2013: $0Net Assets 2013: $1962013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2013

Assets$196
Liabilities$0
Net Assets$196

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $264,7082011Expenses 2012: $498,9462012Revenue 2013: $2,830,500Expenses 2013: $2,833,128Net Income 2013: -$2,6282013Revenue 2014: $545,500Expenses 2014: $545,696Net Income 2014: -$1962014

Highlighted filing

2013

Revenue$2,830,500
Expenses$2,833,128
Net Income-$2,628
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$2,830,500
Mission and Program Overview

Mission

To engage in charitable and educational activites within the meaning of section 501(c)(3) by making grants to organizations exempt from tax under 501(c)(3) and to protect, preserve and enhance the natural and built environments of watch hill, ri; to promote the safety, health, well-being and enjoyments of its residents and to provide support for other watch hill community projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,824$196▼ $2,628
Total Assets$2,824$196▼ $2,628
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,824$196▼ $2,628
Total Net Assets Fund Balance$2,824$196▼ $2,628
Total Liabilities and Net Assets / Fund Balance$2,824$196▼ $2,628
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew H ThomsenPresident/di
John R Payne JrDirector
Nicholas C MooreDirector
Donald R KellySecretary/di
Elizabeth W BeanTreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$2,830,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,830,500
Change in Net Assets
$-2,628
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,830,500
Other Expenses$2,628
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,830,500--$2,830,500
Fees for Services Accounting-$2,125-$2,125
Fees for Services Legal-$400-$400
Fees for Services Other-$103-$103
Total Functional Expenses$2,830,500$2,628$0$2,833,128
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
05-0506961-501(c)Various Projects$2,830,500
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
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An electronic copy of the completed return is provided to the board president to review with the board members. When the board is satisfied with the form 990, approval is provided through communication with the president and the accounting firm preparing the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

To monitor and enforce compliance with the organization's conflict of interest policy each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption must engage in activites which accomplish one or more of its tax-exempt purposes. To ensure that the organization operates in a manner consistent with its charitable purposes and does not engage in activites that could jeopardize its tax-exempt status, periodic reviews are conducted.

Form 990, Page 6, Part VI, Line 19

All documents, including governing documents, conflict of interest policy and form 990 are made available upon request.

Filing and Contact Details

Filer

EIN
27-2293433
Phone
4015962094

Signing Officer

Name
Matthew H Thomsen
Title
Treasurer
Phone
4015962094
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew H Thomsen
Formed
2010
Legal Domicile
Ri
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Preparer
Terence J Malaghan CPA
Phone
4015962000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To engage in charitable and educational activites within the meaning of section 501(c)(3) by making grants to organizations exempt from tax under 501(c)(3) and to protect, preserve and enhance the natural and built environments of watch hill, ri; to promote the safety, health, well-being and enjoyments of its residents and to provide support for other watch hill community projects.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENGAGE IN CHARITABLE AND EDUCATIONAL ACTIVITES WITHIN THE MEANING OF SECTION 501(C)(3) BY MAKING GRANTS TO ORGANIZATIONS EXEMPT FROM TAX UNDER 501(C)(3) AND TO PROTECT, PRESERVE AND ENHANCE THE NATURAL AND BUILT ENVIRONMENTS OF WATCH HILL, RI; TO PROMOTE THE SAFETY, HEALTH, WELL-BEING AND ENJOYMENTS OF ITS RESIDENTS AND TO PROVIDE SUPPORT FOR OTHER WATCH HILL COMMUNITY PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ELECTRONIC COPY OF THE COMPLETED RETURN IS PROVIDED TO THE BOARD PRESIDENT TO REVIEW WITH THE BOARD MEMBERS. WHEN THE BOARD IS SATISFIED WITH THE FORM 990, APPROVAL IS PROVIDED THROUGH COMMUNICATION WITH THE PRESIDENT AND THE ACCOUNTING FIRM PREPARING THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO MONITOR AND ENFORCE COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE IN ACTIVITES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS, INCLUDING GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FORM 990 ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/Filer/USAddress/ZIPCode0028912250
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201696994
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HOYT FILIPPETTI & MALAGHAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10107 AIRPORT RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0WESTERLY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0028913420
ReturnHeader/PreparerPersonGrp/PhoneNum04015962000
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERENCE J MALAGHAN CPA
ReturnHeader/ReturnTs02014-11-14T15:28:57-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

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Peer Organizations

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