Civic Intelligence

Frances Mcglannan Foundation Inc

990EZ • Fiscal year 2016 • EIN 27-3187374

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 19, 2017

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 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

1st percentile

-762%

Higher net margin than 1% 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

10th percentile

-44%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

3rd percentile

-88%

Faster revenue growth than 3% of similar nonprofits.

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

Assets

Down

$74,012

Down $57,086 (-44%) from 2015

Net Assets

Down

$74,012

Down $57,086 (-44%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$7,493

Down $56,374 (-88%) from 2015

Expenses

Up

$64,579

Up $53,473 (+481%) from 2015

Net Income

Down

-$57,086

Down $109,847 (-208%) from 2015

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

2016

Assets$74,012
Liabilities-
Net Assets$74,012

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

2016

Revenue$7,493
Expenses$64,579
Net Income-$57,086
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 19, 2017
Return Version
2016v3.0
Gross Receipts
$7,493
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.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION AWARDED 60,463 IN SCHOLARSHIPS DURING 2016 FOR THE 2016- 2017 SCHOOL YEAR. ONE OF THE SCHOLARSHIPS WAS AWARDED TO A MCGLANNAN SCHOOL STUDENT. THIS WAS THE SECOND YEAR THAT THE STUDENT APPLIED FOR AND WAS AWARDED TUITION ASSISTANCE. SCHOLARSHIPS ARE FOR A ONE YEAR PERIOD AND AN APPLICANT MUST RE-APPLY EACH YEAR TO BE EVALUATED FOR CONTINUED SUPPORT. THE SECOND AWARD WAS A PARTIAL SCHOLARSHIP FOR A STUDENT AT LANDMARK SCHOOL LOCATED IN MASSACHUSETTS. FOUR OTHER APPLICATIONS WERE SUBMITTED, TWO OF WHICH DID NOT QUALIFY FOR TUITION ASSISTANCE AND ONE APPLICATION WAS NEVER COMPLETED. ONE APPLICATION WAS RECEIVED AFTER THE 2016-2017 SCHOOL YEAR SCHOLARSHIP CYCLE HAD CLOSED. FOR THE 2017-2018 SCHOOL YEAR, THERE WILL BE A STRATEGIC EFFORT TO FOCUS AWARDS TO STUDENTS LOCATED IN THE STATE OF FLORIDA AND TO AWARD SMALLER PARTIAL SCHOLARSHIPS TO MAXIMIZE FUNDS. EVALUATION OF THE STUDENT'S COURSE WORK AND GRADES FROM THE RECIPIENT SCHOOL IS REQUIRED WHICH GIVES THE FOUNDATION IMPORTANT FEEDBACK ON THE STUDENT'S PROGRESS AND THE OVERALL SUCCESS OF THE SCHOLARSHIP PROGRAM. BOTH STUDENTS HAVE RECEIVED EVALUATIONS REVEALING IMPRESSIVE OVERALL ACADEMIC GAINS. STUDENTS THAT RECEIVE PROPER INSTRUCTION AND REMEDIATION RECEIVE LIFE-LONG BENEFITS WHICH ALLOWS THEM TO BECOME VALUABLE CONTRIBUTORS TO THEIR COMMUNITY.$60,463$64,579
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIA F MCGLANNANPresident-$0--
CINDY E RUDINVice Preside-$0--
ELIZABETH B WHALENSecretary-$0--
DENISE BAMONTETreasurerPT$0--
CURT ROSNERBoard Of Director-$0--
MICHAEL FAYBoard Of Director-$0--
CHARLES SACHERBoard Of Director-$0--
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
2017-07-19
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

60,463 0 0

Form 990-ez, Part I, Line 16

Expenses marketing/social media 1,500 supplies 130 business registration fee 75 computer software fees 795 paypal fees 18 credit card processing 8 total 2,526

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 a specialized school.

Form 990-ez, Part III, Line 28

The foundation awarded 60,463 in scholarships during 2016 for the 2016- 2017 school year. One of the scholarships was awarded to a mcglannan school student. This was the second year that the student applied for and was awarded tuition assistance. Scholarships are for a one year period and an applicant must re-apply each year to be evaluated for continued support. The second award was a partial scholarship for a student at landmark school located in massachusetts. Four other applications were submitted, two of which did not qualify for tuition assistance and one application was never completed. One application was received after the 2016-2017 school year scholarship cycle had closed. For the 2017-2018 school year, there will be a strategic effort to focus awards to students located in the state of florida and to award smaller partial scholarships to maximize funds. Evaluation of the student's course work and grades from the recipient school is required which gives the foundation important feedback on the student's progress and the overall success of the scholarship program. Both students have received evaluations revealing impressive overall academic gains. Students that receive proper instruction and remediation receive life-long benefits which allows them to become valuable contributors to their community.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES MARKETING/SOCIAL MEDIA 1,500 SUPPLIES 130 BUSINESS REGISTRATION FEE 75 COMPUTER SOFTWARE FEES 795 PAYPAL FEES 18 CREDIT CARD PROCESSING 8 TOTAL 2,526
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROVIDE TUITION ASSISTANCE FOR FAMILIES WHO, DUE TO FINANCIAL CONSTRAINTS, WOULD OTHERWISE BE UNABLE TO AFFORD TO SEND THEIR CHILDREN TO A SPECIALIZED SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION AWARDED 60,463 IN SCHOLARSHIPS DURING 2016 FOR THE 2016- 2017 SCHOOL YEAR. ONE OF THE SCHOLARSHIPS WAS AWARDED TO A MCGLANNAN SCHOOL STUDENT. THIS WAS THE SECOND YEAR THAT THE STUDENT APPLIED FOR AND WAS AWARDED TUITION ASSISTANCE. SCHOLARSHIPS ARE FOR A ONE YEAR PERIOD AND AN APPLICANT MUST RE-APPLY EACH YEAR TO BE EVALUATED FOR CONTINUED SUPPORT. THE SECOND AWARD WAS A PARTIAL SCHOLARSHIP FOR A STUDENT AT LANDMARK SCHOOL LOCATED IN MASSACHUSETTS. FOUR OTHER APPLICATIONS WERE SUBMITTED, TWO OF WHICH DID NOT QUALIFY FOR TUITION ASSISTANCE AND ONE APPLICATION WAS NEVER COMPLETED. ONE APPLICATION WAS RECEIVED AFTER THE 2016-2017 SCHOOL YEAR SCHOLARSHIP CYCLE HAD CLOSED. FOR THE 2017-2018 SCHOOL YEAR, THERE WILL BE A STRATEGIC EFFORT TO FOCUS AWARDS TO STUDENTS LOCATED IN THE STATE OF FLORIDA AND TO AWARD SMALLER PARTIAL SCHOLARSHIPS TO MAXIMIZE FUNDS. EVALUATION OF THE STUDENT'S COURSE WORK AND GRADES FROM THE RECIPIENT SCHOOL IS REQUIRED WHICH GIVES THE FOUNDATION IMPORTANT FEEDBACK ON THE STUDENT'S PROGRESS AND THE OVERALL SUCCESS OF THE SCHOLARSHIP PROGRAM. BOTH STUDENTS HAVE RECEIVED EVALUATIONS REVEALING IMPRESSIVE OVERALL ACADEMIC GAINS. STUDENTS THAT RECEIVE PROPER INSTRUCTION AND REMEDIATION RECEIVE LIFE-LONG BENEFITS WHICH ALLOWS THEM TO BECOME VALUABLE CONTRIBUTORS TO THEIR COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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