Civic Intelligence

Foundation for Tacoma Students

990 • Fiscal year 2016 • EIN 27-3029219

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Refreshing map…

919 S 9th StreetTacoma, WA 98405

(253) 272-1600

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

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

Liabilities / Revenue

14th percentile

0.00x

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

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

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

90th percentile

$212,957

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

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

Asset Growth

100th percentile

1498%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

97th percentile

193%

Faster revenue growth than 97% of similar nonprofits.

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

Assets

Up

$1,165,702

Up $1,092,752 (+1498%) from 2015

Net Assets

Up

$1,165,702

Up $1,092,752 (+1498%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$1,754,337

Up $1,156,251 (+193%) from 2015

Expenses

Up

$661,585

Up $113,601 (+21%) from 2015

Net Income

Up

$1,092,752

Up $1,042,650 (+2081%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $72,950Liabilities 2015: $0Net Assets 2015: $72,9502015Assets 2016: $1,165,702Liabilities 2016: $0Net Assets 2016: $1,165,7022016Assets 2017: $1,254,388Liabilities 2017: $0Net Assets 2017: $1,254,3882017Assets 2018: $1,922,006Liabilities 2018: $51,321Net Assets 2018: $1,870,6852018Assets 2020: $3,795,396Liabilities 2020: $310,452Net Assets 2020: $3,484,9442020Assets 2021: $3,475,616Liabilities 2021: $47,696Net Assets 2021: $3,427,9202021Assets 2022: $2,309,942Liabilities 2022: $312,194Net Assets 2022: $1,997,7482022Assets 2024: $845,842Liabilities 2024: $233,122Net Assets 2024: $612,7202024

Highlighted filing

2016

Assets$1,165,702
Liabilities$0
Net Assets$1,165,702

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $598,086Expenses 2015: $547,984Net Income 2015: $50,1022015Revenue 2016: $1,754,337Expenses 2016: $661,585Net Income 2016: $1,092,7522016Revenue 2017: $1,440,567Expenses 2017: $1,351,881Net Income 2017: $88,6862017Revenue 2018: $1,525,019Expenses 2018: $1,605,564Net Income 2018: -$80,5452018Revenue 2020: $3,584,937Expenses 2020: $3,156,055Net Income 2020: $428,8822020Revenue 2021: $3,006,188Expenses 2021: $3,063,212Net Income 2021: -$57,0242021Revenue 2022: $1,439,731Expenses 2022: $2,851,992Net Income 2022: -$1,412,2612022Revenue 2024: $4,286,080Expenses 2024: $4,402,000Net Income 2024: -$115,9202024

Highlighted filing

2016

Revenue$1,754,337
Expenses$661,585
Net Income$1,092,752
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,754,337
Mission and Program Overview

Mission

To increase by 50% both the graduation rate of tacoma public schools students and those who complete a college degree or technical certificate. Success will require measuring and closing gaps in access, opportunities and achievement for all students from cradle to college and career.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$72,950$1,115,963▲ $1,043,013
Land, Buildings, and Equipment, Net$0$45,739▲ $45,739
Total Assets$72,950$1,165,702▲ $1,092,752
Other Assets Total$0$4,000▲ $4,000
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$72,950$1,165,702▲ $1,092,752
Total Net Assets Fund Balance$72,950$1,165,702▲ $1,092,752
Total Liabilities and Net Assets / Fund Balance$72,950$1,165,702▲ $1,092,752

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$28,261$3,140$31,401
Leasehold Improvements$16,045-$16,045
Equipment$1,433$253$1,686
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric WilsonPresident/CEOFT$195,089$17,868$212,957

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,754,337
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,749,199
Change in Net Assets
$1,092,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$654,745
Other Expenses$6,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$373,108--$373,108
Current Officers, Directors, Trustees, and Key Employees$223,133--$223,133
Payroll Taxes$31,234--$31,234
Other Employee Benefits$21,238--$21,238
Pension Plan Contributions$6,032--$6,032
Depreciation Depletion$3,393--$3,393
Fees for Services Other$2,569--$2,569
Office Expenses$878--$878
Total Functional Expenses$661,585$0$0$661,585
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
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 B, Line 11B

A copy of the form 990 is made available to the board for review prior to the return being filed.

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

The foundation's conflict of interest policy requires any board member to disclose any actual or potential conflict of interest to the board. The remaining board members review the disclosed conflict, take appropriate action and documents the process.

Form 990, Part VI, Section B, Line 15

Compensation for the president/ceo is established by the board of directors based on information regarding salaries of comparable positions in the community.

Form 990, Part VI, Section C, Line 19

The foundation's governing documents and financial statements are made available upon request

Filing and Contact Details

Filer

Filer Name
Foundation for Tacoma Students
EIN
27-3029219
Phone
2532721600
Address
919 S 9TH STREET, TACOMA, WA 98405

Signing Officer

Name
Dion Rurik
Title
President & CEO
Phone
2532721600
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Wilson
Formed
2010
Legal Domicile
Wa
Voting Board Members
22
Independent Board Members
21
Employees
13
Volunteers
26

Preparer

Firm
Johnson Stone & Pagano Ps
Address
1501 REGENTS BLVD SUITE 100, FIRCREST, WA 98466
Preparer
Michael Mccrabb
Phone
2535667070
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/LandBldgEquipCostOrOtherBssAmt049132
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO INCREASE BY 50% BOTH THE GRADUATION RATE OF TACOMA PUBLIC SCHOOLS STUDENTS AND THOSE WHO COMPLETE A COLLEGE DEGREE OR TECHNICAL CERTIFICATE. SUCCESS WILL REQUIRE MEASURING AND CLOSING GAPS IN ACCESS, OPPORTUNITIES AND ACHIEVEMENT FOR ALL STUDENTS FROM CRADLE TO COLLEGE AND CAREER.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficeExpensesGrp/TotalAmt0878
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt021238
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0373108
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PensionPlanContributionsGrp/TotalAmt06032
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IRS990ScheduleA/TotalSupportAmt02930684
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016045
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt06163
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERIC WILSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD FOR REVIEW PRIOR TO THE RETURN BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES ANY BOARD MEMBER TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE BOARD. THE REMAINING BOARD MEMBERS REVIEW THE DISCLOSED CONFLICT, TAKE APPROPRIATE ACTION AND DOCUMENTS THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE PRESIDENT/CEO IS ESTABLISHED BY THE BOARD OF DIRECTORS BASED ON INFORMATION REGARDING SALARIES OF COMPARABLE POSITIONS IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

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