Civic Intelligence

Waterfront Rescue Mission Foundation Inc.

990 • Fiscal year 2016 • EIN 31-1480651

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 17, 2017

PO Box 870Pensacola, FL 32591-0870

(850) 478-4027

Siviq Scores

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

Liabilities / Assets

61st percentile

0.19x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

12296.68x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$139,361

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 449551.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

45th percentile

0.1%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,995,321

Up $1,430 (+0.1%) from 2015

Net Assets

Up

$1,614,124

Up $31 (+0.0%) from 2015

Liabilities

Up

$381,197

Up $1,399 (+0.4%) from 2015

Revenue

Down

$31

Down $2,781 (-99%) from 2015

Expenses

Down

$0

Down $409,608 (-100%) from 2015

Net Income

Up

$31

Up $406,827 (+100%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $2,429,465Liabilities 2014: $408,576Net Assets 2014: $2,020,8892014Assets 2015: $1,993,891Liabilities 2015: $379,798Net Assets 2015: $1,614,0932015Assets 2016: $1,995,321Liabilities 2016: $381,197Net Assets 2016: $1,614,1242016Assets 2017: $2,673,632Liabilities 2017: $1,059,508Net Assets 2017: $1,614,1242017Assets 2018: $1,650,338Liabilities 2018: $36,214Net Assets 2018: $1,614,1242018Assets 2019: $1,353,348Liabilities 2019: $0Net Assets 2019: $1,353,3482019Assets 2020: $1,057,725Liabilities 2020: $0Net Assets 2020: $1,057,7252020Assets 2021: $1,059,035Liabilities 2021: $0Net Assets 2021: $1,059,0352021Assets 2022: $1,066,337Liabilities 2022: $0Net Assets 2022: $1,066,3372022Assets 2023: $1,117,236Liabilities 2023: $0Net Assets 2023: $1,117,2362023Assets 2024: $1,174,116Liabilities 2024: $0Net Assets 2024: $1,174,1162024

Highlighted filing

2016

Assets$1,995,321
Liabilities$381,197
Net Assets$1,614,124

Operations Trend

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

$500K$0-$500KRevenue 2014: $69,293Expenses 2014: $227,272Net Income 2014: -$157,9792014Revenue 2015: $2,812Expenses 2015: $409,608Net Income 2015: -$406,7962015Revenue 2016: $31Expenses 2016: $0Net Income 2016: $312016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $3,009Expenses 2019: $263,785Net Income 2019: -$260,7762019Revenue 2020: $4,377Expenses 2020: $300,000Net Income 2020: -$295,6232020Revenue 2021: $1,310Expenses 2021: $0Net Income 2021: $1,3102021Revenue 2022: $7,302Expenses 2022: $0Net Income 2022: $7,3022022Revenue 2023: $47,414Expenses 2023: $0Net Income 2023: $47,4142023Revenue 2024: $54,133Expenses 2024: $0Net Income 2024: $54,1332024

Highlighted filing

2016

Revenue$31
Expenses$0
Net Income$31
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 17, 2017
Return Version
2016v3.0
Gross Receipts
$31
Mission and Program Overview

Mission

The foundation was created in order to provide support for the waterfront rescue mission, inc., and to assure preservation of the mission's assets and to meet other long-term financial needs of the mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,530$2,929▼ $8,601
Pledges and Grants Receivable$870--
Savings and Temporary Cash Investments$501--
Total Assets$1,993,891$1,995,321▲ $1,430
Other Assets Total$1,980,990$1,992,392▲ $11,402
Liabilities
Other Liabilities$379,798$381,197▲ $1,399
Total Liabilities$379,798$381,197▲ $1,399
Net Assets / Fund Balance
Unrestricted Net Assets$1,571,097$1,571,128▲ $31
Temporarily Rstr Net Assets$42,996$42,996→ $0
Total Net Assets Fund Balance$1,614,093$1,614,124▲ $31
Total Liabilities and Net Assets / Fund Balance$1,993,891$1,995,321▲ $1,430

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,992,392--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Devin SimmonsPresident$139,361$139,361
Marsha ClarkVP of Financ$82,480$82,480

Board Members and Trustees

NameTitle
Ken BellChair
Clif IngeBoard Member
John PorterBoard Member
Mark KingBoard Member
Timothy AtkinsBoard Member
Wilson RobertsonBoard Member
Steve ShellMember at La
Chris KellySecretary
Ed GraysonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$31
Change in Net Assets
$31
Expenses and Functional Allocation

Major Expense Lines

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

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$381,197
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

Prior to filing form 990, the vp of finance presents a draft copy prepared by the mission's accounting firm to the board of directors for their approval. After the board approves the draft, the accounting firm finalizes the form and gives it to the vp of finance for signature and mailing.

Form 990, Page 6, Part VI, Line 12C

Governing board members sign an agreement acknowledging and understanding their responsibility to comply with the written conflict of interest policy and to disclose any actual or possible conflict of interest. At the annual meeting, board members are required to sign the conflict of interest acknowledgement form, if a conflict of interest exists, the board will review and evaluate the information about the transaction or arrangement. If the conflict is acceptable, then the board member continues to serve but is required to recuse himself and refrain from voting on any transactions or services being considered. Furthermore, the member agrees that failure to disclose actual or possible conflicts will result in a disciplinary action or dismissal from the board.

Form 990, Page 6, Part VI, Line 15A

The compensation provided to the waterfront rescue mission, inc.'s (ein 59-0838106)top level management is based on what is fair, reasonable, and consistent with compensation paid in the relevant markets. Base salaries are benchmarked against the median as follows: executive level positions - national rescue missions management and professional positions - non-profit organizations regionally administrative and technical positions - general industry local the waterfront rescue mission foundation (ein 31-1480651) has no employees of its own.

Form 990, Page 6, Part VI, Line 15B

Lower level positions, such as administrative and technical jobs, are paid at the median that is being paid for similar jobs in the local general industry. All employees' salaries and salary ranges are reviewed annually and may be increased if warranted by the employees' performance and the mission's ability to pay.

Form 990, Page 6, Part VI, Line 19

Upon receipt of a request for this information, management verifies the identity of the requester, and then mails or e-mails the information to them. Management plans to develop a written policy, and may make the financial statements and the form 990 available on the mission's website.

Filing and Contact Details

Filer

Filer Name
Waterfront Rescue Mission
EIN
31-1480651
Phone
8504784027
Address
PO BOX 870, PENSACOLA, FL 32591-0870

Signing Officer

Name
Devin Simmons
Title
President
Phone
8504384027
Signed
2017-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devin Simmons
Formed
1995
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Brown Thornton Pacenta & Company Pa
Address
PO BOX 12484, PENSACOLA, FL 32591
Preparer
Michael D Thornton
Phone
8504343146
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING FORM 990, THE VP OF FINANCE PRESENTS A DRAFT COPY PREPARED BY THE MISSION'S ACCOUNTING FIRM TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. AFTER THE BOARD APPROVES THE DRAFT, THE ACCOUNTING FIRM FINALIZES THE FORM AND GIVES IT TO THE VP OF FINANCE FOR SIGNATURE AND MAILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BOARD MEMBERS SIGN AN AGREEMENT ACKNOWLEDGING AND UNDERSTANDING THEIR RESPONSIBILITY TO COMPLY WITH THE WRITTEN CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AT THE ANNUAL MEETING, BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST ACKNOWLEDGEMENT FORM, IF A CONFLICT OF INTEREST EXISTS, THE BOARD WILL REVIEW AND EVALUATE THE INFORMATION ABOUT THE TRANSACTION OR ARRANGEMENT. IF THE CONFLICT IS ACCEPTABLE, THEN THE BOARD MEMBER CONTINUES TO SERVE BUT IS REQUIRED TO RECUSE HIMSELF AND REFRAIN FROM VOTING ON ANY TRANSACTIONS OR SERVICES BEING CONSIDERED. FURTHERMORE, THE MEMBER AGREES THAT FAILURE TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS WILL RESULT IN A DISCIPLINARY ACTION OR DISMISSAL FROM THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION PROVIDED TO THE WATERFRONT RESCUE MISSION, INC.'S (EIN 59-0838106)TOP LEVEL MANAGEMENT IS BASED ON WHAT IS FAIR, REASONABLE, AND CONSISTENT WITH COMPENSATION PAID IN THE RELEVANT MARKETS. BASE SALARIES ARE BENCHMARKED AGAINST THE MEDIAN AS FOLLOWS: EXECUTIVE LEVEL POSITIONS - NATIONAL RESCUE MISSIONS MANAGEMENT AND PROFESSIONAL POSITIONS - NON-PROFIT ORGANIZATIONS REGIONALLY ADMINISTRATIVE AND TECHNICAL POSITIONS - GENERAL INDUSTRY LOCAL THE WATERFRONT RESCUE MISSION FOUNDATION (EIN 31-1480651) HAS NO EMPLOYEES OF ITS OWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LOWER LEVEL POSITIONS, SUCH AS ADMINISTRATIVE AND TECHNICAL JOBS, ARE PAID AT THE MEDIAN THAT IS BEING PAID FOR SIMILAR JOBS IN THE LOCAL GENERAL INDUSTRY. ALL EMPLOYEES' SALARIES AND SALARY RANGES ARE REVIEWED ANNUALLY AND MAY BE INCREASED IF WARRANTED BY THE EMPLOYEES' PERFORMANCE AND THE MISSION'S ABILITY TO PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON RECEIPT OF A REQUEST FOR THIS INFORMATION, MANAGEMENT VERIFIES THE IDENTITY OF THE REQUESTER, AND THEN MAILS OR E-MAILS THE INFORMATION TO THEM. MANAGEMENT PLANS TO DEVELOP A WRITTEN POLICY, AND MAY MAKE THE FINANCIAL STATEMENTS AND THE FORM 990 AVAILABLE ON THE MISSION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0WRM QALICB LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0279 NORTH WASHINGTON AVE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MOBILE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WATERFRONT RESCUE MISSION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1WATERFRONT RESCUE MISSION INC
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IRS990/TotalOtherCompensationAmt022401
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01993891
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01995321
IRS990/TotReportableCompRltdOrgAmt0199440
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01571097
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 870
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IRS990/USAddress/ZIPCd0325910870
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.WATERFRONTMISSION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEVIN SIMMONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08504384027
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERFRONT RESCUE MISSION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0311480651
ReturnHeader/Filer/PhoneNum08504784027
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05CB3F59CA92C8A92CCF5B82E0B5883C7CF9E7466
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02FAAE334C64EC6F1B4F2AC87C654E545AEC375CE
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593478013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN THORNTON PACENTA & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12484
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PENSACOLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032591
ReturnHeader/PreparerPersonGrp/PhoneNum08504343146
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL D THORNTON
ReturnHeader/ReturnTs02017-07-31T09:37:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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