Civic Intelligence

Magnalia Homestead Foundation James P Van Eerden

990EZ • Fiscal year 2014 • EIN 27-4002746

Jan 01, 2014 to Dec 31, 2014 • Filed on Jan 18, 2016

Organization Profilewww.freethinku.com
P O Box 18054Greensboro, NC 27419

(336) 427-3900

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

34th percentile

-2.5%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

36th percentile

-4.1%

Faster asset growth than 36% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

11th percentile

-41%

Faster revenue growth than 11% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$18,072

Down $777 (-4.1%) from 2013

Net Assets

Down

$17,072

Down $1,777 (-9.4%) from 2013

Liabilities

Up

$1,000

Up $1,000 from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin34th percentile

Revenue

Down

$70,900

Down $49,023 (-41%) from 2013

Expenses

Down

$72,677

Down $35,045 (-33%) from 2013

Net Income

Down

-$1,777

Down $13,978 (-115%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$300K$200K$100K$0Assets 2012: $6,648Liabilities 2012: $0Net Assets 2012: $6,6482012Assets 2013: $18,849Liabilities 2013: $0Net Assets 2013: $18,8492013Assets 2014: $18,072Liabilities 2014: $1,000Net Assets 2014: $17,0722014Assets 2015: $47,492Liabilities 2015: $1,700Net Assets 2015: $45,7922015Assets 2020: $101,601Liabilities 2020: $4,953Net Assets 2020: $96,6482020Assets 2021: $133,934Liabilities 2021: $10,000Net Assets 2021: $123,9342021Assets 2022: $148,389Liabilities 2022: $10,000Net Assets 2022: $138,3892022Assets 2023: $249,285Liabilities 2023: $0Net Assets 2023: $249,2852023

Highlighted filing

2014

Assets$18,072
Liabilities$1,000
Net Assets$17,072
Open 2014 Filing

Operations Trend

Revenue Growth11th percentile

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

$600K$400K$200K$0-$200KRevenue 2012: $137,550Expenses 2012: $130,902Net Income 2012: $6,6482012Revenue 2013: $119,923Expenses 2013: $107,722Net Income 2013: $12,2012013Revenue 2014: $70,900Expenses 2014: $72,677Net Income 2014: -$1,7772014Revenue 2015: $151,460Expenses 2015: $122,740Net Income 2015: $28,7202015Revenue 2020: $197,378Expenses 2020: $94,557Net Income 2020: $102,8212020Revenue 2021: $174,601Expenses 2021: $148,270Net Income 2021: $26,3312021Revenue 2022: $302,648Expenses 2022: $288,193Net Income 2022: $14,4552022Revenue 2023: $473,450Expenses 2023: $392,554Net Income 2023: $80,8962023

Highlighted filing

2014

Revenue$70,900
Expenses$72,677
Net Income-$1,777
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jan 18, 2016
Return Version
2014v6.0
Gross Receipts
$70,900
Mission and Program Overview

Mission

EDUCATION

Program Services

DescriptionGrantsExpenses
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
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES P VAN EERDENDirectorPT$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 H Van Eerden
Title
Director
Phone
3364273900
Signed
2016-01-18
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 AmountPROFESSIONAL FEES 2,200TELEPHONE EXPENSE 1,500BANK SERVICE CHARGES 290COMPUTER AND INTERNET EXPENSES 18,796CONFERENCE EXPENSE 5,193OFFICE EXPENSE 25ADVERTISING 1,200SCHOLARSHIPS 4,847”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearNOTES PAYABLE LIVING WATERS 0 1,000”

Raw XML Appendix122 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JAMES P VAN EERDEN
IRS990EZ/BooksInCareOfDetail/PhoneNum03364273900
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0528 LINDLEY RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Greensboro
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027410
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt018849
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt018072
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt070900
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1777
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt038626
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt018849
IRS990EZ/Form990TotalAssetsGrp/EOYAmt018072
IRS990EZ/GrossReceiptsAmt070900
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt018849
IRS990EZ/NetAssetsOrFundBalancesEOYAmt017072
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt018849
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt017072
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES P VAN EERDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt034051
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OVER 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/DescriptionProgramSrvcAccomTxt1FOR 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/DescriptionProgramSrvcAccomTxt2ENCOURAGING INTERGENERATIONAL CONNECTIVITY THROUGH ADMIN AND MONITORING OF EXTERNAL NON-TAX DEDUCTIBLE UP SCHOLARSHIPS FOR STUDENTS WHO MET CRITRIA OF THEIR SPECIFIC DONORS
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NC
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01000
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt072677
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt070900
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.freethinku.com
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt070900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0120123
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0137550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0328573
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0328573
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0120123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0137550
IRS990ScheduleA/Total509Grp/TotalAmt0328573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt070900
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0120123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0137550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0328573
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountPROFESSIONAL FEES 2,200TELEPHONE EXPENSE 1,500BANK SERVICE CHARGES 290COMPUTER AND INTERNET EXPENSES 18,796CONFERENCE EXPENSE 5,193OFFICE EXPENSE 25ADVERTISING 1,200SCHOLARSHIPS 4,847
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearNOTES PAYABLE LIVING WATERS 0 1,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD H VAN EERDEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03364273900
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREE THINK-U FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0274002746
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 18054
ReturnHeader/Filer/USAddress/CityNm0Greensboro
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027419
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263656224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAX & ACCOUNTING SERVICE INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0506 MEADOWOOD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greensboro
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027409
ReturnHeader/PreparerPersonGrp/PhoneNum03368521716
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONDA PRENTZAS
ReturnHeader/ReturnTs02016-01-18T12:41:14-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,072
Liabilities
$1,000
Net assets
$17,072
Revenue
$70,900
Expenses
$72,677
Net income
-$1,777
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.00$2.49$4.73$3.93$0.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.10$1.38$3.03$2.88$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.10$1.24$1.75$1.48$0.26
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.05$0.97$1.97$0.95$1.03
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.46$1.51$1.23$0.29
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.71$0.73$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$1.20$1.08$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$1.38$1.31$0.07