Civic Intelligence

Casitas Fund Inc.

990 • Fiscal year 2017 • EIN 31-1148247

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 22, 2018

Organization ProfileN/A
2 Wall StreetPrinceton, NJ 08540

(609) 751-0702

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Net Margin

91st percentile

40%

Higher net margin than 91% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2017 filings • NTEE N • $1M-$5M nonprofits • Source year 2017

Asset Growth

71st percentile

10%

Faster asset growth than 71% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

233%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$1,548,955

Up $144,801 (+10%) from 2016

Net Assets

Up

$1,548,955

Up $144,801 (+10%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin91st percentile

Revenue

Up

$116,687

Up $81,675 (+233%) from 2016

Expenses

Up

$70,011

Up $2,300 (+3.4%) from 2016

Net Income

Up

$46,676

Up $79,375 (+243%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $1,348,373Liabilities 2012: $0Net Assets 2012: $1,348,3732012Assets 2013: $1,501,064Liabilities 2013: $0Net Assets 2013: $1,501,0642013Assets 2014: $1,489,147Liabilities 2014: $0Net Assets 2014: $1,489,1472014Assets 2015: $1,403,134Liabilities 2015: $0Net Assets 2015: $1,403,1342015Assets 2016: $1,404,154Liabilities 2016: $0Net Assets 2016: $1,404,1542016Assets 2017: $1,548,955Liabilities 2017: $0Net Assets 2017: $1,548,9552017Assets 2018: $1,427,182Liabilities 2018: $0Net Assets 2018: $1,427,1822018Assets 2019: $1,623,525Liabilities 2019: $0Net Assets 2019: $1,623,5252019Assets 2020: $1,756,370Liabilities 2020: $0Net Assets 2020: $1,756,3702020Assets 2021: $2,065,147Liabilities 2021: $0Net Assets 2021: $2,065,1472021Assets 2022: $1,745,078Liabilities 2022: $0Net Assets 2022: $1,745,0782022Assets 2023: $1,878,317Liabilities 2023: $0Net Assets 2023: $1,878,3172023Assets 2024: $2,030,980Liabilities 2024: $0Net Assets 2024: $2,030,9802024

Highlighted filing

2017

Assets$1,548,955
Liabilities$0
Net Assets$1,548,955
Open 2017 Filing

Operations Trend

Revenue Growth98th percentile

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

$300K$200K$100K$0-$100KExpenses 2012: $60,0002012Revenue 2013: $106,501Expenses 2013: $67,418Net Income 2013: $39,0832013Revenue 2014: $58,384Expenses 2014: $75,000Net Income 2014: -$16,6162014Revenue 2015: $62,495Expenses 2015: $74,457Net Income 2015: -$11,9622015Revenue 2016: $35,012Expenses 2016: $67,711Net Income 2016: -$32,6992016Revenue 2017: $116,687Expenses 2017: $70,011Net Income 2017: $46,6762017Revenue 2018: $45,849Expenses 2018: $77,448Net Income 2018: -$31,5992018Revenue 2019: $87,106Expenses 2019: $74,702Net Income 2019: $12,4042019Revenue 2020: $159,075Expenses 2020: $75,000Net Income 2020: $84,0752020Revenue 2021: $234,943Expenses 2021: $75,000Net Income 2021: $159,9432021Revenue 2022: $53,541Expenses 2022: $100,000Net Income 2022: -$46,4592022Revenue 2023: $45,826Expenses 2023: $67,325Net Income 2023: -$21,4992023Revenue 2024: $88,831Expenses 2024: $72,661Net Income 2024: $16,1702024

Highlighted filing

2017

Revenue$116,687
Expenses$70,011
Net Income$46,676
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 22, 2018
Return Version
2017v2.2
Gross Receipts
$116,687
Mission and Program Overview

Mission

To support amateur rowing programs through the United States Rowing Association

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,404,154$1,548,955▲ $144,801
Total Assets$1,404,154$1,548,955▲ $144,801
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,404,154$1,548,955▲ $144,801
Total Net Assets Fund Balance$1,404,154$1,548,955▲ $144,801
Total Liabilities and Net Assets / Fund Balance$1,404,154$1,548,955▲ $144,801

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,548,955--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,404,154-▲ $214,812-$1,548,955
2016$1,403,134-▲ $68,731-$1,404,154
2015$1,489,147-▼ $11,556-$1,403,134
2014$1,501,064-▲ $63,083-$1,489,147
2013$1,348,373-▲ $220,109-$1,501,064
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
MEGHAN O'LEARYPresident
Donovan LangfordSteward
Jamie RedmanSteward
Joe FlynnSteward
Thomas FullerTreasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$116,687
Other Revenue
$0
Change in Net Assets
$46,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,011
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$70,011--$70,011
Total Functional Expenses$70,011$0$0$70,011
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United States Rowing AssociationPrinceton, NJ501(c)(3)To support the United States Rowing Association$70,011
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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The Organization has no committees with the power to act on behalf of the board. Therefore, there is no contemporaneous documentation of any such meetings.”

Form 990, Part VI, Section B, line 11B

“The Form 990 is reviewed by United States Rowing Association's (USRA) Finance and Audit Committee and the Casitas Fund's Board of Stewards prior to filing.”

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

“Members must annually disclose any involvements with other organizations, with vendors, or any other associations that might produce a conflict or be perceived as producing a conflict.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Casitas Fund Inc
EIN
31-1148247
Phone
6097510702
Address
2 WALL STREET, PRINCETON, NJ 08540

Signing Officer

Name
MEGHAN O'LEARY
Title
President
Phone
6097510702
Signed
2018-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MEGHAN O'LEARY
Formed
1985
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Klatzkin & Company Llp
Address
1670 WHITEHORSE HAM SQ RD, HAMILTON, NJ 08690-3513
Preparer
Thomas Martin
Phone
6098909189
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The United States Rowing Association's (USRA) Finance and Audit committee assumes responsibility for oversight of the audit of the consolidated financial statements of USRA and the Casitas Fund and for the selection of the independent auditor. The process of overseeing the audit and selecting the independent auditor has not changed.”

Financial Statement Notes

Part V, Line 4:

“The Casitas Fund's board designated endowment is for the exclusive benefit of the United States Rowing Association.”

Part X, Line 2:

“The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required tax returns have been filed. In the event it would be required, the Organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Organization has not recognized any amounts for interest and penalties accrued at December 31, 2017 and 2016.”

Raw XML Appendix386 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Casitas Fund's board designated endowment is for the exclusive benefit of the United States Rowing Association.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization's federal exempt and unrelated business income returns are subject to examination by the IRS, generally for three years after they were filed. The statute of limitations does not apply to unfiled returns. The Organization believes that all required tax returns have been filed. In the event it would be required, the Organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Organization has not recognized any amounts for interest and penalties accrued at December 31, 2017 and 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
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IRS990ScheduleI/RecipientTable/RecipientEIN0236275472
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0Princeton
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Funds are granted to the United States Rowing Association for operational purposes.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has no committees with the power to act on behalf of the board. Therefore, there is no contemporaneous documentation of any such meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed by United States Rowing Association's (USRA) Finance and Audit Committee and the Casitas Fund's Board of Stewards prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members must annually disclose any involvements with other organizations, with vendors, or any other associations that might produce a conflict or be perceived as producing a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflict of interest policy and financial statements available to the the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The United States Rowing Association's (USRA) Finance and Audit committee assumes responsibility for oversight of the audit of the consolidated financial statements of USRA and the Casitas Fund and for the selection of the independent auditor. The process of overseeing the audit and selecting the independent auditor has not changed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2C
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0United States Rowing Association
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0236275472
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To support and promote the sport of rowing
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Princeton
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01404154
IRS990/TotalAssetsEOYAmt01548955
IRS990/TotalAssetsGrp/BOYAmt01404154
IRS990/TotalAssetsGrp/EOYAmt01548955
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070011
IRS990/TotalFunctionalExpensesGrp/TotalAmt070011
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01404154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01548955
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IRS990/TotalProgramServiceExpensesAmt070011
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0116687
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116687
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01404154
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01548955
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01404154
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01548955
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 WALL STREET
IRS990/USAddress/CityNm0PRINCETON
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IRS990/USAddress/ZIPCd008540
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MEGHAN O'LEARY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06097510702
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CASITAS FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0CASI
ReturnHeader/Filer/EIN0311148247
ReturnHeader/Filer/PhoneNum06097510702
ReturnHeader/Filer/USAddress/AddressLine1Txt02 WALL STREET
ReturnHeader/Filer/USAddress/CityNm0PRINCETON
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.99.151.218
ReturnHeader/FilingSecurityInformation/IPDt02018-03-22
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:07:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0210650289
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KLATZKIN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01670 WHITEHORSE HAM SQ RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMILTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0086903513
ReturnHeader/PreparerPersonGrp/PhoneNum06098909189
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS MARTIN
ReturnHeader/ReturnTs02018-03-22T11:07:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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
$1,548,955
Liabilities
$0
Net assets
$1,548,955
Revenue
$116,687
Expenses
$70,011
Net income
$46,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$0.09$0.07$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.05$0.07$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.05$0.10$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.23$0.08$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.16$0.08$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.09$0.07$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.05$0.08$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.12$0.07$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.04$0.07$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.06$0.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.06$0.08$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.11$0.07$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.00$1.35$0.06