Civic Intelligence

Episcopal Preaching Foundation Inc.

990 • Fiscal year 2017 • EIN 31-1076110

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 24, 2017

500 Morris AvenueSpringfield, NJ 07081

(973) 467-0070

Siviq Scores

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

Liabilities / Assets

34th percentile

0.06x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.32x

Higher debt load relative to revenue than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-24%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,296,813

Down $357,162 (-13%) from 2016

Net Assets

Up

$2,159,158

Up $128,900 (+6.3%) from 2016

Liabilities

Down

$137,655

Down $486,062 (-78%) from 2016

Revenue

Down

$430,036

Down $136,051 (-24%) from 2016

Expenses

Down

$289,990

Down $87,746 (-23%) from 2016

Net Income

Down

$140,046

Down $48,305 (-26%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,653,975Liabilities 2016: $623,717Net Assets 2016: $2,030,2582016Assets 2017: $2,296,813Liabilities 2017: $137,655Net Assets 2017: $2,159,1582017Assets 2018: $2,241,149Liabilities 2018: $0Net Assets 2018: $2,241,1492018Assets 2019: $2,417,766Liabilities 2019: $0Net Assets 2019: $2,417,7662019Assets 2020: $2,762,143Liabilities 2020: $25,700Net Assets 2020: $2,736,4432020Assets 2021: $2,775,905Liabilities 2021: $25,700Net Assets 2021: $2,750,2052021Assets 2022: $3,024,660Liabilities 2022: $0Net Assets 2022: $3,024,6602022Assets 2023: $3,710,239Liabilities 2023: $0Net Assets 2023: $3,710,2392023Assets 2024: $3,707,626Liabilities 2024: $0Net Assets 2024: $3,707,6262024Assets 2025: $3,478,790Liabilities 2025: $0Net Assets 2025: $3,478,7902025

Highlighted filing

2017

Assets$2,296,813
Liabilities$137,655
Net Assets$2,159,158

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $566,087Expenses 2016: $377,736Net Income 2016: $188,3512016Revenue 2017: $430,036Expenses 2017: $289,990Net Income 2017: $140,0462017Revenue 2018: $340,304Expenses 2018: $305,927Net Income 2018: $34,3772018Revenue 2019: $460,329Expenses 2019: $357,477Net Income 2019: $102,8522019Revenue 2020: $691,343Expenses 2020: $291,676Net Income 2020: $399,6672020Revenue 2021: $262,008Expenses 2021: $277,626Net Income 2021: -$15,6182021Revenue 2022: $730,863Expenses 2022: $483,688Net Income 2022: $247,1752022Revenue 2023: $1,526,658Expenses 2023: $632,497Net Income 2023: $894,1612023Revenue 2024: $797,850Expenses 2024: $864,479Net Income 2024: -$66,6292024Revenue 2025: $376,767Expenses 2025: $645,513Net Income 2025: -$268,7462025

Highlighted filing

2017

Revenue$430,036
Expenses$289,990
Net Income$140,046
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 24, 2017
Return Version
2016v3.0
Gross Receipts
$5,362,205
Mission and Program Overview

Mission

The foundation exists to promote and support preaching in the episcopal church.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,594,328$1,677,267▲ $82,939
Investments in Publicly Traded Securities$1,059,647$619,546▼ $440,101
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,653,975$2,296,813▼ $357,162
Other Assets Total-$0-
Liabilities
Other Liabilities$623,717$137,655▼ $486,062
Total Liabilities$623,717$137,655▼ $486,062
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,550,307$1,609,686▲ $59,379
Unrestricted Net Assets$472,200$474,105▲ $1,905
Temporarily Rstr Net Assets$7,751$75,367▲ $67,616
Total Net Assets Fund Balance$2,030,258$2,159,158▲ $128,900
Total Liabilities and Net Assets / Fund Balance$2,653,975$2,296,813▼ $357,162

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,550,307$155,000▼ $95,620-$1,609,687
2015$1,465,634$100,000▼ $15,327-$1,550,307
2014$1,151,226$200,000▲ $114,408-$1,465,634
2013$1,058,363-▲ $92,863-$1,151,226
2012$1,055,096-▲ $3,267-$1,058,363
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pamela HoganExecutive DirectorFT$75,829$75,829
Rev Stephen SmithDirector-$6,500$6,500
Rev Dr Micah JacksonDirector-$2,500$2,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$529,353
Program Service Revenue
$0
Investment Income
$-128,884
Other Revenue
$29,567
All Other Contributions
$529,353
Change in Net Assets
$140,046

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$48,125Fair Market Value (FMV)
Total Noncash Contributions1$48,125-

Audited Revenue Reconciliation

Revenue per Audited Statements
$430,036
Revenue Not Reported on Form 990
$-11,146
Total Revenue per Audited Statements
$418,890
Total Revenue per Form 990
$430,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,624
Salaries, Compensation, and Employee Benefits$75,829
Grants and Similar Amounts Paid$37,537
Total Fundraising Expense$25,671
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,915$18,957$18,957$75,829
Conferences and Meetings$42,384--$42,384
Grants to Domestic Individuals$37,537--$37,537
All Other Expenses$3,428$3,710$2,417$9,555
Other Expenses$1,500$1,320$2,180$5,000
Advertising$5,000--$5,000
Travel$661$528$1,013$2,202
Office Expenses$1,560--$1,560
Insurance$31$38$88$157
Total Functional Expenses$239,236$25,083$25,671$289,990

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$289,990
Total Expenses per Audited Statements$289,990
Total Expenses per Form 990$289,990
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Short Sales$137,655
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Chairperson reviews and signs return.no other person on governing body has any foundation tax return knowledge.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Episcopal Preaching Foundation
EIN
31-1076110
Phone
9734670070
Address
500 MORRIS AVENUE, SPRINGFIELD, NJ 07081

Signing Officer

Name
Gary Shilling
Title
Chairman
Signed
2017-10-24
Discuss with paid preparer
Yes

Organization Details

Formed
1983
Legal Domicile
Nj
Voting Board Members
12
Independent Board Members
12
Employees
2

Preparer

Firm
Redfield Blonsky & Starinsky LLC
Address
1024 SOUTH AVENUE WEST, WESTFIELD, NJ 07091-2069
Preparer
Alan B Starinsky CPA Pfs
Phone
9082767226
Supplemental Narrative

Additional Explanations

Client Note 1

Client Note 1 -

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The fund is intended to provide perpetual, planned, stable funding to augment annual operations in order to provide resources to the operating budget in the event revenues do not materialize from availabe sources.

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IRS990/Form990PartVIISectionAGrp/PersonNm0A GARY SHILLING
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IRS990/OfficeExpensesGrp/TotalAmt01560
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IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc1MARKETING AND PROMOTION
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL FEES
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IRS990/OtherExpensesGrp/FundraisingAmt12180
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0530
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IRS990/OtherExpensesGrp/ProgramServicesAmt085850
IRS990/OtherExpensesGrp/ProgramServicesAmt118020
IRS990/OtherExpensesGrp/ProgramServicesAmt25350
IRS990/OtherExpensesGrp/ProgramServicesAmt31500
IRS990/OtherExpensesGrp/TotalAmt085850
IRS990/OtherExpensesGrp/TotalAmt118020
IRS990/OtherExpensesGrp/TotalAmt26896
IRS990/OtherExpensesGrp/TotalAmt35000
IRS990/OtherLiabilitiesGrp/BOYAmt0623717
IRS990/OtherLiabilitiesGrp/EOYAmt0137655
IRS990/OtherRevenueMiscGrp/Desc0PASSTHROUGH INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt029567
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IRS990/OtherRevenueTotalAmt029567
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IRS990/PayrollTaxesGrp/TotalAmt00
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0113134
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt01087
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.46250
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IRS990ScheduleA/TotalSupportAmt02171467
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01151226
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01058363
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SHORT SALES
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-11146
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS INTENDED TO PROVIDE PERPETUAL, PLANNED, STABLE FUNDING TO AUGMENT ANNUAL OPERATIONS IN ORDER TO PROVIDE RESOURCES TO THE OPERATING BUDGET IN THE EVENT REVENUES DO NOT MATERIALIZE FROM AVAILABE SOURCES.

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