Civic Intelligence

Tet Foundation Inc

990 • Fiscal year 2013 • EIN 27-3640205

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 10, 2015

Organization ProfileTANZANIAEDUCATIONTRUST.ORG
10960 Wilshire Blvd 50090024

(310) 277-4657

Siviq Scores

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

Liabilities / Assets

98th percentile

3.25x

Higher debt load relative to assets than 98% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

13th percentile

-35%

Faster asset growth than 13% of similar nonprofits.

2013 filings • 501(c)3 • <$500k 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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$36,401

Down $19,186 (-35%) from 2012

Net Assets

Down

-$81,939

Down $29,044 (-55%) from 2012

Liabilities

Up

$118,340

Up $9,858 (+9.1%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

$0

No earlier filing loaded for comparison.

Expenses

Down

$29,044

Down $25,682 (-47%) from 2012

Net Income

-$29,044

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$200K$100K$0-$100K-$200KAssets 2012: $55,587Liabilities 2012: $108,482Net Assets 2012: -$52,8952012Assets 2013: $36,401Liabilities 2013: $118,340Net Assets 2013: -$81,9392013Assets 2014: $27,441Liabilities 2014: $116,520Net Assets 2014: -$89,0792014Assets 2015: $14,840Liabilities 2015: $119,520Net Assets 2015: -$104,6802015

Highlighted filing

2013

Assets$36,401
Liabilities$118,340
Net Assets-$81,939
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KExpenses 2012: $54,7262012Revenue 2013: $0Expenses 2013: $29,044Net Income 2013: -$29,0442013Revenue 2014: $40,200Expenses 2014: $47,340Net Income 2014: -$7,1402014Revenue 2015: $0Expenses 2015: $15,601Net Income 2015: -$15,6012015

Highlighted filing

2013

Revenue$0
Expenses$29,044
Net Income-$29,044
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jul 10, 2015
Return Version
2013v4.0
Gross Receipts
$0
Mission and Program Overview

Mission

Improvement of educational system in tanzania and other countries in africa

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$108,482$118,340▲ $9,858
Intangible Assets$44,965$34,268▼ $10,697
Cash and Non-Interest-Bearing Accounts$9,522$1,033▼ $8,489
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-52,895$-81,939▼ $29,044
Total Assets$55,587$36,401▼ $19,186
Other Assets Total$1,100$1,100→ $0
Liabilities
Total Liabilities$108,482$118,340▲ $9,858
Net Assets / Fund Balance
Total Net Assets Fund Balance$-52,895$-81,939▼ $29,044
Total Liabilities and Net Assets / Fund Balance$55,587$36,401▼ $19,186
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Jill BishopPresident / Treasurer
Mark GreenDirector
Sarah MotenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-29,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$11,958--$11,958
Depreciation Depletion$10,697--$10,697
Fees for Services Accounting-$6,000-$6,000
Other Expenses-$25-$25
Total Functional Expenses$22,655$6,389$0$29,044
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$108,482$118,340▲ $9,858
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Section B, Line 11

“The board shall determine that the total compensation to be provided by the corporation to an officer is reasonable in light of the position, responsiblity and qualification of the officer for the position held.”

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

“Corp secretary will annually obtain a conflict of interest disclosure statement from each officer and director”

Form 990, Part VI, Section B, Line 15A

“The board shall determine that the total compensation to be provided by the corporation to an officer is reasonable in light of the position, responsiblity and qualification of the officer for the position held.”

Form 990, Part VI, Section C, Line 19

“The corporation makes its governing documents, conflict of interest policy and financial statements available via the website or via email upon request.”

FORM 990, PART VI, LINE 15 PROCESS FOR DETERMINING OFFICER'S COMPENSATION

“The board shall determine that the total compensation to be provided by the corporation to an officer is reasonable in light of the position, responsiblity and qualification of the officer for the position held.”

Form 990, Part VII

“Jill bishop - 445 park ave, 9th flr, new york, ny 10022.”

Filing and Contact Details

Filer

EIN
27-3640205
Phone
3102774657

Signing Officer

Name
Jill Bishop
Title
President
Phone
2128295720
Signed
2015-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Bishop
Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Preparer
William Schumann
Phone
3102774657
Raw XML Appendix289 raw XML fields

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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IRS990/Desc0THE ORGANIZATION SUPPORTED AND IMPLEMENTED A VARIETY OF PROGRAMS THAT SPECIFICALLY AIM TO IMPROVE THE CONTENT, DELIVERY, ACCESS, QUALITY, RELEVENCE, OUTCOMES, AND ADMINISTRATION OF EDUCATION IN TANZANIA AND OTHER COUNTRIES IN AFRICA.
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IRS990/GrantsToIndividualsInd00
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1142
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO AN OFFICER IS REASONABLE IN LIGHT OF THE POSITION, RESPONSIBLITY AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORP SECRETARY WILL ANNUALLY OBTAIN A CONFLICT OF INTEREST DISCLOSURE STATEMENT FROM EACH OFFICER AND DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO AN OFFICER IS REASONABLE IN LIGHT OF THE POSITION, RESPONSIBLITY AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE VIA THE WEBSITE OR VIA EMAIL UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO AN OFFICER IS REASONABLE IN LIGHT OF THE POSITION, RESPONSIBLITY AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5JILL BISHOP - 445 PARK AVE, 9TH FLR, NEW YORK, NY 10022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 15 PROCESS FOR DETERMINING OFFICER'S COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
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IRS990/USAddress/State0NY
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IRS990/WebsiteAddressTxt0TANZANIAEDUCATIONTRUST.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL BISHOP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02128295720
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10TET FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TETF
ReturnHeader/Filer/EIN0273640205
ReturnHeader/Filer/PhoneNum03102774657
ReturnHeader/Filer/USAddress/AddressLine1010960 WILSHIRE BLVD 500
ReturnHeader/Filer/USAddress/City0LOS ANGELES
ReturnHeader/Filer/USAddress/State0CA
ReturnHeader/Filer/USAddress/ZIPCode090024
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463670776
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10NKSFB LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1010960 WILSHIRE BL 5TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode090024
ReturnHeader/PreparerPersonGrp/PhoneNum03102774657
ReturnHeader/PreparerPersonGrp/PreparationDt02015-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM SCHUMANN
ReturnHeader/ReturnTs02015-08-11T14:57:14-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,401
Liabilities
$118,340
Net assets
-$81,939
Revenue
$0
Expenses
$29,044
Net income
-$29,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.15$1.20$1.05$0.00$0.16$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.27$1.17$0.89$0.40$0.47$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.36$1.18$0.82$0.00$0.29$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$1.08$0.53$0.55