Civic Intelligence

Frances Mcglannan Foundation Inc

990EZ • Fiscal year 2015 • EIN 27-3187374

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 16, 2016

10770 SW 84th StreetMiami, FL 33173

(305) 274-2208

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

87th percentile

67%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

3.5%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$131,098

Up $52,761 (+67%) from 2014

Net Assets

Up

$131,098

Up $52,761 (+67%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$63,867

Up $2,143 (+3.5%) from 2014

Expenses

Up

$11,106

Up $10,986 (+9155%) from 2014

Net Income

Down

$52,761

Down $8,843 (-14%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $16,733Net Assets 2013: $16,7332013Assets 2014: $78,337Net Assets 2014: $78,3372014Assets 2015: $131,098Net Assets 2015: $131,0982015Assets 2016: $74,012Net Assets 2016: $74,0122016Assets 2017: $80,418Net Assets 2017: $80,4182017Assets 2018: $61,564Liabilities 2018: $0Net Assets 2018: $61,5642018Assets 2019: $49,064Liabilities 2019: $0Net Assets 2019: $49,0642019Assets 2020: $51,008Liabilities 2020: $0Net Assets 2020: $51,0082020Assets 2021: $54,666Liabilities 2021: $0Net Assets 2021: $54,6662021Assets 2022: $73,148Liabilities 2022: $0Net Assets 2022: $73,1482022Assets 2023: $73,037Liabilities 2023: $0Net Assets 2023: $73,0372023Assets 2024: $52,324Liabilities 2024: $0Net Assets 2024: $52,3242024

Highlighted filing

2015

Assets$131,098
Liabilities-
Net Assets$131,098

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2013: $14,880Expenses 2013: $6,678Net Income 2013: $8,2022013Revenue 2014: $61,724Expenses 2014: $120Net Income 2014: $61,6042014Revenue 2015: $63,867Expenses 2015: $11,106Net Income 2015: $52,7612015Revenue 2016: $7,493Expenses 2016: $64,579Net Income 2016: -$57,0862016Revenue 2017: $45,145Expenses 2017: $38,739Net Income 2017: $6,4062017Revenue 2018: $52,957Expenses 2018: $71,811Net Income 2018: -$18,8542018Revenue 2019: $56,090Expenses 2019: $68,590Net Income 2019: -$12,5002019Revenue 2020: $48,104Expenses 2020: $46,160Net Income 2020: $1,9442020Revenue 2021: $36,300Expenses 2021: $32,642Net Income 2021: $3,6582021Revenue 2022: $48,950Expenses 2022: $30,468Net Income 2022: $18,4822022Revenue 2023: $43,536Expenses 2023: $43,647Net Income 2023: -$1112023Revenue 2024: $16,126Expenses 2024: $36,839Net Income 2024: -$20,7132024

Highlighted filing

2015

Revenue$63,867
Expenses$11,106
Net Income$52,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 16, 2016
Return Version
2015v2.1
Gross Receipts
$99,597
Mission and Program Overview

Mission

To provide tuition assistance for families who, due to financial constraints, would otherwise be unable to afford to send their children to a specialized school.

To provide tuition assistance for families who, due to financial constraints, would otherwise be unable to afford to send their children to this specialized school.

Program Services

DescriptionGrantsExpenses
CLIENTS SERVED: DURING THE 2015-2016 SCHOOL YEAR, THE FOUNDATION AWARDED TUITION ASSISTANCE TO TWO MCGLANNAN SCHOOL STUDENTS. THE FIRST AWARD WAS FOR BOTH SEMESTERS OF THE SCHOOL YEAR BEGINNING AUGUST 25, 2015, AND THE SECOND AWARD FOR THE SECOND SEMESTER OF THE SCHOOL YEAR BEGINNING JANUARY 15, 2016. THE SECOND STUDENT AWARD WAS DECLINED BY THE MOTHER, AS THE CHILD WAS DIS-ENROLLED FROM MCGLANNAN SCHOOL BY THE MOTHER AFTER COMPLETION OF THE FIRST SEMESTER. MONEY ALLOCATED FOR THIS SECOND AWARD REMAINS IN THE FOUNDATION FOR A FUTURE APPLICANT. THREE OTHER APPLICATIONS WERE INITIATED, ONE OF WHICH DID NOT MEET THE FINANCIAL REQUIREMENTS FOR TUITION ASSISTANCE. THE REMAINING TWO APPLICATIONS WERE NEVER COMPLETED. PUBLICATIONS ISSUED: DURING 2015, APPROXIMATELY 700 USPS AND ELECTRONIC MAILINGS RE: THE FOUNDATION'S 2015 GALA FUND RAISING EVENT WHICH INCLUDED THE FOUNDATION'S PURPOSE AND MISSION, WAS SENT TO MCGLANNAN ALUMNI, CURRENT AND FORMER PARENTS OF STUDENTS, LOCAL PRIVATE SCHOOLS AS WELL AS HEALTH AND EDUCATIONAL PROFESSIONALS WITHIN THE SOUTH FLORIDA COMMUNITY. IMPACT ON THE COMMUNITY: PROVIDE COMMUNITY AWARENESS BY FURTHERING A GREATER UNDERSTANDING OF DYSLEXIA AND RELATED LANGUAGE LEARNING DIFFICULTIES AND BY ASSISTING STUDENTS WITH THESE SPECIFIC LEARNING DIFFICULTIES (THROUGH IDENTIFICATION AND TUITION ASSISTANCE) TO ATTEND A SCHOOL WHICH WILL PROVIDE THE EDUCATIONAL ENVIRONMENT MOST CONDUCIVE TO HELPING THEM REALIZE THEIR ACADEMIC POTENTIAL. ATTAINMENT OF ACADEMIC POTENTIAL HAS A DIRECT AND POSITIVE IMPACT ON SELF-ESTEEM AND INCREASES THE PROBABILITY OF A LIFE-TIME OF GREATER EMOTIONAL PRODUCTIVITY AND PERSONAL SUCCESS.$8,290$11,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIA F MCGLANNANPresident-$0--
CINDY E RUDINVice Preside-$0--
ELIZABETH B WHALENSecretary-$0--
DENISE BAMONTETreasurer-$0--
LISA MAGUIREBoard Of DirectorPT$0--
MICHAEL FAYBoard Of Director-$0--
CHARLES SACHERBoard Of Director-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
The Great Gatsb$77,206$31,787$7,923$23,864
Total Events$77,206$31,787$35,730$-3,943
Filing and Contact Details

Filer

Filer Name
Frances Mcglannan Foundation Inc
EIN
27-3187374
Phone
3052742208
Address
10770 SW 84TH STREET, MIAMI, FL 33173

Signing Officer

Name
Denise Bamonte
Title
Treasurer
Phone
3052742008
Signed
2016-08-16
Discuss with paid preparer
Yes

Preparer

Firm
Verdeja De Armas & Trujillo Llp
Address
255 ALHAMBRA CIR STE 560, CORAL GABLES, FL 33134-7417
Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

8,290 0 0

Form 990-ez, Part I, Line 16

Expenses check order 56 business registration fee 119 reimbursed expenses 524 miscellanous 1,175 total 1,874

Form 990-ez, Part III

To provide tuition assistance for families who, due to financial constraints, would otherwise be unable to afford to send their children to this specialized school.

Form 990-ez, Part III, Line 28

Clients served: during the 2015-2016 school year, the foundation awarded tuition assistance to two mcglannan school students. The first award was for both semesters of the school year beginning august 25, 2015, and the second award for the second semester of the school year beginning january 15, 2016. The second student award was declined by the mother, as the child was dis-enrolled from mcglannan school by the mother after completion of the first semester. Money allocated for this second award remains in the foundation for a future applicant. Three other applications were initiated, one of which did not meet the financial requirements for tuition assistance. The remaining two applications were never completed. Publications issued: during 2015, approximately 700 usps and electronic mailings re: the foundation's 2015 gala fund raising event which included the foundation's purpose and mission, was sent to mcglannan alumni, current and former parents of students, local private schools as well as health and educational professionals within the south florida community. Impact on the community: provide community awareness by furthering a greater understanding of dyslexia and related language learning difficulties and by assisting students with these specific learning difficulties (through identification and tuition assistance) to attend a school which will provide the educational environment most conducive to helping them realize their academic potential. Attainment of academic potential has a direct and positive impact on self-esteem and increases the probability of a life-time of greater emotional productivity and personal success.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE TUITION ASSISTANCE FOR FAMILIES WHO, DUE TO FINANCIAL CONSTRAINTS, WOULD OTHERWISE BE UNABLE TO AFFORD TO SEND THEIR CHILDREN TO THIS SPECIALIZED SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CLIENTS SERVED: DURING THE 2015-2016 SCHOOL YEAR, THE FOUNDATION AWARDED TUITION ASSISTANCE TO TWO MCGLANNAN SCHOOL STUDENTS. THE FIRST AWARD WAS FOR BOTH SEMESTERS OF THE SCHOOL YEAR BEGINNING AUGUST 25, 2015, AND THE SECOND AWARD FOR THE SECOND SEMESTER OF THE SCHOOL YEAR BEGINNING JANUARY 15, 2016. THE SECOND STUDENT AWARD WAS DECLINED BY THE MOTHER, AS THE CHILD WAS DIS-ENROLLED FROM MCGLANNAN SCHOOL BY THE MOTHER AFTER COMPLETION OF THE FIRST SEMESTER. MONEY ALLOCATED FOR THIS SECOND AWARD REMAINS IN THE FOUNDATION FOR A FUTURE APPLICANT. THREE OTHER APPLICATIONS WERE INITIATED, ONE OF WHICH DID NOT MEET THE FINANCIAL REQUIREMENTS FOR TUITION ASSISTANCE. THE REMAINING TWO APPLICATIONS WERE NEVER COMPLETED. PUBLICATIONS ISSUED: DURING 2015, APPROXIMATELY 700 USPS AND ELECTRONIC MAILINGS RE: THE FOUNDATION'S 2015 GALA FUND RAISING EVENT WHICH INCLUDED THE FOUNDATION'S PURPOSE AND MISSION, WAS SENT TO MCGLANNAN ALUMNI, CURRENT AND FORMER PARENTS OF STUDENTS, LOCAL PRIVATE SCHOOLS AS WELL AS HEALTH AND EDUCATIONAL PROFESSIONALS WITHIN THE SOUTH FLORIDA COMMUNITY. IMPACT ON THE COMMUNITY: PROVIDE COMMUNITY AWARENESS BY FURTHERING A GREATER UNDERSTANDING OF DYSLEXIA AND RELATED LANGUAGE LEARNING DIFFICULTIES AND BY ASSISTING STUDENTS WITH THESE SPECIFIC LEARNING DIFFICULTIES (THROUGH IDENTIFICATION AND TUITION ASSISTANCE) TO ATTEND A SCHOOL WHICH WILL PROVIDE THE EDUCATIONAL ENVIRONMENT MOST CONDUCIVE TO HELPING THEM REALIZE THEIR ACADEMIC POTENTIAL. ATTAINMENT OF ACADEMIC POTENTIAL HAS A DIRECT AND POSITIVE IMPACT ON SELF-ESTEEM AND INCREASES THE PROBABILITY OF A LIFE-TIME OF GREATER EMOTIONAL PRODUCTIVITY AND PERSONAL SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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