Civic Intelligence

Taylor'S Gift Foundation

990 • Fiscal year 2014 • EIN 27-2411622

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 14, 2015

106 N Denton Tap Road 210-167Coppell, TX 75019

(888) 994-8295

Siviq Scores

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

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

56th percentile

0.00x

Higher debt load relative to revenue than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$110,554

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 44.6% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

7th percentile

-54%

Faster asset growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-32%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$67,781

Down $80,403 (-54%) from 2013

Net Assets

Down

$67,430

Down $55,637 (-45%) from 2013

Liabilities

Down

$351

Down $24,766 (-99%) from 2013

Revenue

Down

$247,863

Down $115,364 (-32%) from 2013

Expenses

Up

$303,500

Up $46,219 (+18%) from 2013

Net Income

Down

-$55,637

Down $161,583 (-153%) from 2013

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $36,500Liabilities 2011: $24,810Net Assets 2011: $11,6902011Assets 2013: $148,184Liabilities 2013: $25,117Net Assets 2013: $123,0672013Assets 2014: $67,781Liabilities 2014: $351Net Assets 2014: $67,4302014Assets 2015: $149,384Liabilities 2015: $72Net Assets 2015: $149,3122015Assets 2016: $168,462Liabilities 2016: $0Net Assets 2016: $168,4622016Assets 2017: $142,195Liabilities 2017: $0Net Assets 2017: $142,1952017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$67,781
Liabilities$351
Net Assets$67,430

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $182,9402011Revenue 2013: $363,227Expenses 2013: $257,281Net Income 2013: $105,9462013Revenue 2014: $247,863Expenses 2014: $303,500Net Income 2014: -$55,6372014Revenue 2015: $350,913Expenses 2015: $269,031Net Income 2015: $81,8822015Revenue 2016: $355,672Expenses 2016: $336,522Net Income 2016: $19,1502016Revenue 2017: $312,730Expenses 2017: $338,997Net Income 2017: -$26,2672017Revenue 2018: $326,636Expenses 2018: $468,831Net Income 2018: -$142,1952018

Highlighted filing

2014

Revenue$247,863
Expenses$303,500
Net Income-$55,637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 14, 2015
Return Version
2014v5.0
Gross Receipts
$308,097
Mission and Program Overview

Mission

To regift life, renew health and restore families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$135,633$54,951▼ $80,682
Savings and Temporary Cash Investments$9,657$10,420▲ $763
Land, Buildings, and Equipment, Net$2,894$1,800▼ $1,094
Prepaid Expenses and Deferred Charges-$610-
Total Assets$148,184$67,781▼ $80,403
Liabilities
Accounts Payable and Accrued Expenses$25,117$351▼ $24,766
Total Liabilities$25,117$351▼ $24,766
Net Assets / Fund Balance
Unrestricted Net Assets$108,067$59,932▼ $48,135
Temporarily Rstr Net Assets$15,000$7,498▼ $7,502
Total Net Assets Fund Balance$123,067$67,430▼ $55,637
Total Liabilities and Net Assets / Fund Balance$148,184$67,781▼ $80,403

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,800$3,080$4,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd StorchPresident/diFT$91,667$18,887$110,554
Tara StorchSecretary/diPT$7,000-$7,000

Board Members and Trustees

NameTitle
Dina Conte SchulzDirector
Eleanor KeareDirector
Matt SunshineDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$180,530
Program Service Revenue
$3,138
Investment Income
$3
Other Revenue
$64,192
All Other Contributions
$113,396
Change in Net Assets
$-55,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$152,582
Other Expenses$93,889
Total Fundraising Expense$58,759
Grants and Similar Amounts Paid$40,444
Professional Fundraising Fees$16,585

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$70,532$23,511$23,511$117,554
Grants to Domestic Individuals$40,049--$40,049
Other Salaries and Wages$15,441$5,147$5,147$25,735
Office Expenses$12,081$8,659$4,027$24,767
Fees for Services Professional Fundraising--$16,585$16,585
Fees for Services Other$3,252$13,010-$16,262
Fees for Services Management-$11,596$2,899$14,495
Fees for Services Accounting$7,483$2,494$2,494$12,471
Advertising$11,282$160$160$11,602
Payroll Taxes$5,575$1,859$1,859$9,293
Travel$3,942$1,258$1,258$6,458
Interest$2,455$819$819$4,093
Information Technology-$1,817-$1,817
Depreciation Depletion-$1,094-$1,094
Insurance-$830-$830
Grants to Domestic Orgs$395--$395
Total Functional Expenses$172,487$72,254$58,759$303,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$81,020
Fundraising Direct Expenses$33,308
Professional Fundraising Fees$16,585

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$69,920$44,607$2,333$42,274
Clay Shoot$69,676$32,146$3,084$29,062
Total Events$148,154$81,020$33,308$47,712
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Todd StorchPresidentCompensationNo$110,554
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
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
No
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 2

Todd storch tara storch president secretary family relationship

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

The form 990 is prepared by a third party cpa who provides the form to the organization for review. The form 990 is reviewed by the president and the executive director. It is then distributed to the board of directors for review and questions. Upon receiving approval, the cpa firm processes the return for signature and provides it to the organization for signature and filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 15A

The organization considers outside data to determine the salary of the organization's president. The board of directors meet and only the members of the board that are independent of the person being compensated vote to approve the compensation.

Form 990, Page 6, Part VI, Line 15B

The organization considers outside data to determine the salary of all officers that are compensated. The board of directors meet and only the members of the board that are independent of the person being compensated vote to approve the compensation.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
TAYLOR'S GIFT FOUNDATION
EIN
27-2411622
Phone
8889948295
Address
106 N DENTON TAP ROAD 210-167, COPPELL, TX 75019

Signing Officer

Name
Emily Allbright
Title
Executive Director
Phone
8889948295
Signed
2015-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Allbright
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
2
Volunteers
150

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Elaine L Sommerville CPA
Phone
8177955046
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0825349
IRS990ScheduleA/TotalSupportAmt0877439
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt03870
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt051582
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03080
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04880
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01800
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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0COORDINATE
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0148154
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0131569
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0LINDSAY CLELAND
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt016585
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt09046 GUILDHALL DR
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0DALLAS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd075238
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt067134
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt025313
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt037530
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt04291
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033308
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CLAY SHOOT
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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt099
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069920
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt069676
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08558
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0148154
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044607
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt032146
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04267
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt047712
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03084
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt09782
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt054
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IRS990ScheduleG/TotalNetToOrganizationAmt0131569
IRS990ScheduleG/TotalRetainedByContractorsAmt016585
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt14000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FUNERAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2GARDEN LANDSCAPING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt033
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt14
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt21
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS SELECTS PERSONS AND ORGANIZATIONS TO ASSIST AS THEY BECOME AWARE OF THE NEED. ORGANIZATIONS ARE SELECTED BASED ON HAVING A LIKE MINDED PROGRAM THAT SUPPLEMENTS THE EXEMPT PURPOSES OF THE FILING ORGANIZATION. INDIVIDUALS ARE SELECTED FOR ASSISTANCE BASED ON EACH INDIVIDUAL'S CASE WITH SPECIAL CONSIDERATION GIVEN TO FAMILIES OF ORGAN DONORS. SCHOLARSHIP ARE GRANTED TO STUDENTS GRADUATING FROM HIGH SCHOOL AND ATTENDING A 4 YEAR COLLEGE. SEE WWW.TAYLORSGIFT.ORG/SCHOLARSHIP FOR MORE INFORMATION ON THE SCHOLARSHIP PROGRAM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TODD STORCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0TODD STORCH, PRESIDENT, HAS A FAMILY RELATIONSHIP WITH TARA STORCH, SECRETARY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TODD STORCH TARA STORCH PRESIDENT SECRETARY FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY A THIRD PARTY CPA WHO PROVIDES THE FORM TO THE ORGANIZATION FOR REVIEW. THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE EXECUTIVE DIRECTOR. IT IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND QUESTIONS. UPON RECEIVING APPROVAL, THE CPA FIRM PROCESSES THE RETURN FOR SIGNATURE AND PROVIDES IT TO THE ORGANIZATION FOR SIGNATURE AND FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION CONSIDERS OUTSIDE DATA TO DETERMINE THE SALARY OF THE ORGANIZATION'S PRESIDENT. THE BOARD OF DIRECTORS MEET AND ONLY THE MEMBERS OF THE BOARD THAT ARE INDEPENDENT OF THE PERSON BEING COMPENSATED VOTE TO APPROVE THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION CONSIDERS OUTSIDE DATA TO DETERMINE THE SALARY OF ALL OFFICERS THAT ARE COMPENSATED. THE BOARD OF DIRECTORS MEET AND ONLY THE MEMBERS OF THE BOARD THAT ARE INDEPENDENT OF THE PERSON BEING COMPENSATED VOTE TO APPROVE THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0148184
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0180530
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt058759
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt072254
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0172487
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303500
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IRS990/TotalLiabilitiesEOYAmt0351
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0123067
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt067430
IRS990/TotalOtherCompensationAmt018887
IRS990/TotalProgramServiceExpensesAmt0172487
IRS990/TotalProgramServiceRevenueAmt03138
IRS990/TotalReportableCompFromOrgAmt098667
IRS990/TotalRevenueGrp/ExclusionAmt048134
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0247863
IRS990/TotalVolunteersCnt0150

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