Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Magnalia Homestead Foundation James P Van Eerden
990EZ • Fiscal year 2015 • EIN 27-4002746
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
64th percentile
Higher debt load relative to revenue than 64% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
94th percentile
Faster revenue growth than 94% of similar nonprofits.
Balance Sheet
Assets
Up$47,492
Up $29,420 (+163%) from 2014
Net Assets
Up$45,792
Up $28,720 (+168%) from 2014
Liabilities
Up$1,700
Up $700 (+70%) from 2014
Revenue And Expenses
Revenue
Up$151,460
Up $80,560 (+114%) from 2014
Expenses
Up$122,740
Up $50,063 (+69%) from 2014
Net Income
Up$28,720
Up $30,497 (+1716%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Aug 3, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $151,460
Mission and Program Overview
Mission
EDUCATION
Program Services
| Description | Grants | Expenses |
|---|---|---|
| OVER 30000 STUDENTS ARE ENGAGED IN THE FREE THINK U EXPERIENCE OVER 75 ONLINE SHORT COURSE EXPERIENCES 2-4 HOURS HAVE BEEN CREATED REGARDING THE CURRENT CONTROVERSIAL ISSUES | - | - |
| FOR QUALIFYING ENROLLED AND PARTICIPATING STUDENTS WHO ENGAGE IN THE FTU EXPERIENCE PROCESS IT IS ANTICIPATED THAT MILLIONS OF IN UP SCHOLARSHIPS COULD BE ADMINSTERED IN 2014 | - | - |
| ENCOURAGING INTERGENERATIONAL CONNECTIVITY THROUGH ADMIN AND MONITORING OF EXTERNAL NON-TAX DEDUCTIBLE UP SCHOLARSHIPS FOR STUDENTS WHO MET CRITRIA OF THEIR SPECIFIC DONORS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JAMES P VAN EERDEN | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Free Think-u Foundation
- EIN
- 27-4002746
- Address
- P O BOX 18054, Greensboro, NC 27419
Signing Officer
- Name
- Richard Van Eerden
- Title
- Director
- Phone
- 3364273900
- Signed
- 2016-08-03
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Tax & Accounting Service Inc
- Address
- 506 MEADOWOOD ST, Greensboro, NC 27409
- Preparer
- Ronda Prentzas
- Phone
- 3368521716
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountADVERTISING 2,590AUTO EXPENSE 51BANK SERVICE CHARGES 196COMPUTER AND INTERNET EXPENSES 4,736COLIEGATE CONSULTANTS 286CONFERENCE EXPENSE 750EXECUTIVE COMPENSATION 10,000MARKETING 7,774CONSULTANTS 4,000GRAPHICS 5,263INTERNET EXPENSE 101MEALS AND ENTERTAINMENT 50% 75OFFICE EXPENSE 1,121POSTAGE 387PROFESSIONAL FEES 3,974PROJECT MANAGEMENT 34,675STUDENT SCHOLARSHIPS 39,451STUDENT INTERNSHIPS 7,210TRAVEL 100”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearNOTES PAYABLE LIVING WATERS 1,000 1,000NOTES PAYABLE HELIX 0 700”
Raw XML Appendix139 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JAMES P VAN EERDEN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3364273900 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 528 LINDLEY RD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Greensboro |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27410 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 18072 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 47492 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 151460 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 28720 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 18072 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 47492 |
| IRS990EZ/GrossReceiptsAmt | 0 | 151460 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 17072 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 45792 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 17072 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 45792 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JAMES P VAN EERDEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 122740 |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | EDUCATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | OVER 30000 STUDENTS ARE ENGAGED IN THE FREE THINK U EXPERIENCE OVER 75 ONLINE SHORT COURSE EXPERIENCES 2-4 HOURS HAVE BEEN CREATED REGARDING THE CURRENT CONTROVERSIAL ISSUES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | FOR QUALIFYING ENROLLED AND PARTICIPATING STUDENTS WHO ENGAGE IN THE FTU EXPERIENCE PROCESS IT IS ANTICIPATED THAT MILLIONS OF IN UP SCHOLARSHIPS COULD BE ADMINSTERED IN 2014 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | ENCOURAGING INTERGENERATIONAL CONNECTIVITY THROUGH ADMIN AND MONITORING OF EXTERNAL NON-TAX DEDUCTIBLE UP SCHOLARSHIPS FOR STUDENTS WHO MET CRITRIA OF THEIR SPECIFIC DONORS |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1000 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1700 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 122740 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 151460 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.freethinku.com |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 151460 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 70900 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 120123 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 137550 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 480033 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 480033 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 151460 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 70900 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 120123 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 137550 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 480033 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 151460 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 70900 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 120123 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 137550 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 480033 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleC/DirectContactLegislatorsInd | 0 | false |
| IRS990ScheduleC/Form4720Filed4912TaxInd | 0 | false |
| IRS990ScheduleC/GrantsOtherOrganizationsInd | 0 | false |
| IRS990ScheduleC/MailingsMembersInd | 0 | false |
| IRS990ScheduleC/MediaAdvertisementsAmt | 0 | 2590 |
| IRS990ScheduleC/MediaAdvertisementsInd | 0 | true |
| IRS990ScheduleC/NotDescribedSection501c3Ind | 0 | false |
| IRS990ScheduleC/OtherActivitiesInd | 0 | false |
| IRS990ScheduleC/PaidStaffOrManagementInd | 0 | true |
| IRS990ScheduleC/PublicationsOrBroadcastInd | 0 | false |
| IRS990ScheduleC/RalliesDemonstrationsInd | 0 | false |
| IRS990ScheduleC/TotalLobbyingExpendituresAmt | 0 | 2590 |
| IRS990ScheduleC/VolunteersInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountADVERTISING 2,590AUTO EXPENSE 51BANK SERVICE CHARGES 196COMPUTER AND INTERNET EXPENSES 4,736COLIEGATE CONSULTANTS 286CONFERENCE EXPENSE 750EXECUTIVE COMPENSATION 10,000MARKETING 7,774CONSULTANTS 4,000GRAPHICS 5,263INTERNET EXPENSE 101MEALS AND ENTERTAINMENT 50% 75OFFICE EXPENSE 1,121POSTAGE 387PROFESSIONAL FEES 3,974PROJECT MANAGEMENT 34,675STUDENT SCHOLARSHIPS 39,451STUDENT INTERNSHIPS 7,210TRAVEL 100 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Category Beginning of Year End of YearNOTES PAYABLE LIVING WATERS 1,000 1,000NOTES PAYABLE HELIX 0 700 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICHARD VAN EERDEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3364273900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-08-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FREE THINK-U FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FREE |
| ReturnHeader/Filer/EIN | 0 | 274002746 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 18054 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Greensboro |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27419 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 263656224 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | TAX & ACCOUNTING SERVICE INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 506 MEADOWOOD ST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Greensboro |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27409 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3368521716 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-08-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RONDA PRENTZAS |
| ReturnHeader/ReturnTs | 0 | 2016-08-04T18:02:22-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $47,492
- Liabilities
- $1,700
- Net assets
- $45,792
- Revenue
- $151,460
- Expenses
- $122,740
- Net income
- $28,720