Civic Intelligence

Palm Beach Centennial Commission Inc.

990 • Fiscal year 2017 • EIN 27-4575577

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

Organization Profilewww.palmbeachcentennial.com
PO Box 2654Palm Beach, FL 33480

(561) 659-5354

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

63rd percentile

11%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-88%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$493,184

Up $49,567 (+11%) from 2016

Net Assets

Up

$489,984

Up $46,367 (+10%) from 2016

Liabilities

Up

$3,200

Up $3,200 from 2016

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin98th percentile

Revenue

Down

$50,464

Down $380,887 (-88%) from 2016

Expenses

Down

$4,097

Down $82,344 (-95%) from 2016

Net Income

Down

$46,367

Down $298,543 (-87%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$600K$400K$200K$0Assets 2011: $14,167Liabilities 2011: $5,000Net Assets 2011: $9,1672011Assets 2015: $98,707Liabilities 2015: $0Net Assets 2015: $98,7072015Assets 2016: $443,617Liabilities 2016: $0Net Assets 2016: $443,6172016Assets 2017: $493,184Liabilities 2017: $3,200Net Assets 2017: $489,9842017

Highlighted filing

2017

Assets$493,184
Liabilities$3,200
Net Assets$489,984
Open 2017 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.0M$500K$0Expenses 2011: $935,5422011Revenue 2015: $997,735Expenses 2015: $907,591Net Income 2015: $90,1442015Revenue 2016: $431,351Expenses 2016: $86,441Net Income 2016: $344,9102016Revenue 2017: $50,464Expenses 2017: $4,097Net Income 2017: $46,3672017

Highlighted filing

2017

Revenue$50,464
Expenses$4,097
Net Income$46,367
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$50,464
Mission and Program Overview

Mission

The mission of the Palm Beach Centennial Commission is to initiate, manage and coordinate the sponsorship and fulfillment of programs, events, projects and perpetual memorials produced for the benefit of the citizens of the Town of Palm Beach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$441,871$492,335▲ $50,464
Cash and Non-Interest-Bearing Accounts$1,746$849▼ $897
Total Assets$443,617$493,184▲ $49,567
Liabilities
Accounts Payable and Accrued Expenses-$3,200-
Total Liabilities$0$3,200▲ $3,200
Net Assets / Fund Balance
Unrestricted Net Assets$443,617$489,984▲ $46,367
Total Net Assets Fund Balance$443,617$489,984▲ $46,367
Total Liabilities and Net Assets / Fund Balance$443,617$493,184▲ $49,567
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Bill BonePresident
Betsy MatthewsVice President
Edward ElsonVice President
Bill MetzgerBoard Member
Cynthia FriedmanBoard Member
Kevin JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$0
Investment Income
$464
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$46,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,097
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
Fees for Services Accounting-$3,200-$3,200
Office Expenses-$897-$897
Total Functional Expenses$0$4,097$0$4,097
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
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
No
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 11B

“The Organization makes Form 990 available to the board of directors via email prior to filing.”

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

“A mandatory Conflict of Interest disclosure form letter for the Charitable Solicitation Permit issued by the State of Florida Department of Agriculture has been submitted. Conflicts of interest are determined and compliance with the policy is enforced as a result of information obtained through personal conversations.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Palm Beach Centennial Commission Inc
EIN
27-4575577
Phone
5616595354
Address
PO Box 2654, Palm Beach, FL 33480

Signing Officer

Name
Bill Bone
Title
President
Phone
5616595354
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Bone
Formed
2011
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
1

Preparer

Firm
Holyfield & Thomas LLC
Address
125 Butler Street, West Palm Beach, FL 33407
Preparer
Scott Y Haynes
Phone
5616896000
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,184
Liabilities
$3,200
Net assets
$489,984
Revenue
$50,464
Expenses
$4,097
Net income
$46,367
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$4.93$0.03$4.90$0.50$0.04$0.46
2016Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$4.31$0.86$3.45
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$9.98$9.08$0.90
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.05$0.09$9.36