Civic Intelligence

Orchard School Foundation Inc.

990 • Fiscal year 2020 • EIN 35-0909975

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 21, 2021

615 West 64th StreetIndianapolis, IN 46260

(317) 251-9253

Siviq Scores

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

Liabilities / Assets

36th percentile

0.15x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.53x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

59th percentile

7.1%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

41st percentile

$299,486

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

42nd percentile

3.9%

Faster asset growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-10%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$52,301,444

Up $3,473,279 (+7.1%) from 2018

Net Assets

Up

$44,477,492

Up $2,591,921 (+6.2%) from 2018

Liabilities

Up

$7,823,952

Up $881,358 (+13%) from 2018

Revenue

Up

$14,628,890

Up $442,941 (+3.1%) from 2018

Expenses

Down

$13,588,027

Down $258,696 (-1.9%) from 2018

Net Income

Up

$1,040,863

Up $701,637 (+207%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $48,646,593Liabilities 2010: $10,517,335Net Assets 2010: $38,129,2582010Assets 2011: $51,260,633Liabilities 2011: $10,051,825Net Assets 2011: $41,208,8082011Assets 2012: $48,345,468Liabilities 2012: $10,645,115Net Assets 2012: $37,700,3532012Assets 2013: $48,641,340Liabilities 2013: $9,582,487Net Assets 2013: $39,058,8532013Assets 2014: $50,551,746Liabilities 2014: $9,287,754Net Assets 2014: $41,263,9922014Assets 2015: $47,547,303Liabilities 2015: $9,333,819Net Assets 2015: $38,213,4842015Assets 2016: $45,103,928Liabilities 2016: $9,012,153Net Assets 2016: $36,091,7752016Assets 2017: $47,117,720Liabilities 2017: $7,360,262Net Assets 2017: $39,757,4582017Assets 2018: $48,828,165Liabilities 2018: $6,942,594Net Assets 2018: $41,885,5712018Assets 2020: $52,301,444Liabilities 2020: $7,823,952Net Assets 2020: $44,477,4922020Assets 2021: $60,553,415Liabilities 2021: $5,921,399Net Assets 2021: $54,632,0162021Assets 2022: $51,175,808Liabilities 2022: $1,721,943Net Assets 2022: $49,453,8652022

Highlighted filing

2020

Assets$52,301,444
Liabilities$7,823,952
Net Assets$44,477,492

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $13,444,2682010Expenses 2011: $13,204,4982011Expenses 2012: $14,147,0252012Expenses 2013: $13,305,5442013Revenue 2014: $12,898,904Expenses 2014: $13,942,611Net Income 2014: -$1,043,7072014Revenue 2015: $13,458,174Expenses 2015: $14,971,255Net Income 2015: -$1,513,0812015Revenue 2016: $14,561,265Expenses 2016: $14,775,294Net Income 2016: -$214,0292016Revenue 2017: $15,610,203Expenses 2017: $14,449,670Net Income 2017: $1,160,5332017Revenue 2018: $14,185,949Expenses 2018: $13,846,723Net Income 2018: $339,2262018Revenue 2020: $14,628,890Expenses 2020: $13,588,027Net Income 2020: $1,040,8632020Revenue 2021: $15,394,463Expenses 2021: $13,598,400Net Income 2021: $1,796,0632021Revenue 2022: $16,050,726Expenses 2022: $14,589,382Net Income 2022: $1,461,3442022

Highlighted filing

2020

Revenue$14,628,890
Expenses$13,588,027
Net Income$1,040,863
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 21, 2021
Return Version
2019v5.0
Gross Receipts
$19,423,059
Mission and Program Overview

Mission

Orchard school guides each student to develop the knowledge, confidence, and character essential for a life of learning, leadership, and positive contribution to society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,445,863$27,954,701▲ $508,838
Land, Buildings, and Equipment, Net$9,125,461$10,348,005▲ $1,222,544
Savings and Temporary Cash Investments$6,420,906$7,884,590▲ $1,463,684
Investments Other Securities$5,421,667$4,569,170▼ $852,497
Pledges and Grants Receivable$1,578,480$1,148,706▼ $429,774
Accounts Receivable$68,536$175,564▲ $107,028
Prepaid Expenses and Deferred Charges$131,512$87,294▼ $44,218
Inventories for Sale or Use$2,416$4,064▲ $1,648
Cash and Non-Interest-Bearing Accounts$500$500→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$50,327,220$52,301,444▲ $1,974,224
Other Assets Total$131,879$128,850▼ $3,029
Liabilities
Tax Exempt Bond Liabilities$4,769,395$4,429,372▼ $340,023
Accounts Payable and Accrued Expenses$1,259,353$1,680,155▲ $420,802
Other Liabilities$0$1,437,900▲ $1,437,900
Deferred Revenue$497,686$276,525▼ $221,161
Total Liabilities$6,526,434$7,823,952▲ $1,297,518
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,534,504$35,556,854▲ $1,022,350
Net Assets With Donor Restrictions$9,266,282$8,920,638▼ $345,644
Total Net Assets Fund Balance$43,800,786$44,477,492▲ $676,706
Total Liabilities and Net Assets / Fund Balance$50,327,220$52,301,444▲ $1,974,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,779,049$22,336,315$31,115,364
Equipment$282,654$1,639,664$1,922,318
Land$784,042-$784,042
Other Land Buildings$502,260-$502,260
Other Securities$4,569,170--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$35,416,302$456,858▲ $432,694$1,892,934$34,412,920
2018$34,424,822$1,333,963▲ $1,905,069$2,247,552$35,416,302
2017$33,216,474$708,572▲ $1,996,522$1,496,746$34,424,822
2016$31,727,934$495,878▲ $3,250,351$2,257,689$33,216,474
2015$35,078,816$1,042,540▼ $780,030$3,613,392$31,727,934
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Head of SchoolFT$214,172$85,314$299,486
-Early Childhood & Elementary School DirectorFT$116,781$28,530$145,311
-Assistant Head of SchoolFT$127,697$8,899$136,596
-Former Head of School-$134,301$134,301$134,301
-Chief Financial OfficerFT$112,894$7,803$120,697

Board Members and Trustees

NameTitle
-Chair, Trustees
-President, Governors
-VICE CHAIR, TRUSTEES (Beg. Aug. 2019)
-VICE CHAIR, TRUSTEES (Thru Aug. 2019)
-Vice President, Governors
-Secretary, Trustees
-Treasurer, Trustees
-Trustee
-Governor
-Secretary, Governors
-TREASURER, GOVERNORs (Beg. Feb. 2020)
-TREASURER, GOVERNORS (Thru Feb. 2020)

Highest Paid Contractors

ContractorServicesLocationCompensation
Meyer Najem Construction LLCConstruction11787 LANTERN ROAD STE 100, Fishers, IN 46038$1,177,115
Aladdin Food Management Services LLCCafeteria Services16567 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$482,134
AbmJanitorial Services14141 SOUTHWEST FREEWAY STE 400, Sugar Land, TX 77478$252,437
Trane US INCHvac Service3600 PAMMEL CREEK ROAD, La Crosse, WI 54601$139,291
Halstead ArchitectsArchitecture1139 SHELBY STREET, Indianapolis, IN 46203$119,809
Revenue and Support

Revenue Composition

Contributions and Grants
$2,149,372
Program Service Revenue
$11,468,928
Investment Income
$945,199
Other Revenue
$65,391
All Other Contributions
$1,955,193
Change in Net Assets
$1,040,863

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$490,890Market value
Other Non Cash Contri Table179$75,948None
Works of Art1$25,000None
Other Non Cash Contri Table4$7,340None
Other Non Cash Contri Table3$3,875None
Other Non Cash Contri Table7$174None
Total Noncash Contributions206$603,227-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,727,410
Revenue Not Reported on Financial Statements
$-98,520
Revenue Not Reported on Form 990
$-2,326,323
Other Revenue Adjustments
$-199,358
Total Revenue per Audited Statements
$12,401,087
Total Revenue per Form 990
$14,628,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,643,373
Other Expenses$3,907,435
Grants and Similar Amounts Paid$1,966,166
Total Fundraising Expense$454,571
Professional Fundraising Fees$71,053

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,539,858$1,076,375$146,535$5,762,768
Grants to Domestic Individuals$1,966,166--$1,966,166
Depreciation Depletion$923,244$205,165$11,398$1,139,807
Occupancy$679,892$171,168$8,244$859,304
Other Employee Benefits$580,006$142,198$18,705$740,909
Payroll Taxes$321,801$98,675$13,648$434,124
Current Officers, Directors, Trustees, and Key Employees$0$365,450$54,053$419,503
Pension Plan Contributions$225,363$53,432$7,274$286,069
Office Expenses$152,473$38,164$8,118$198,755
Fees for Services Other$78,119$93,863$21,829$193,811
Interest$172,418$0$0$172,418
Information Technology$75,163$58,407$37,031$170,601
Advertising$6,087$133,643$21,375$161,105
Fees for Service Investment Mgmnt Fees$0$100,838$0$100,838
Travel$47,903$19,398$4,834$72,135
Fees for Services Professional Fundraising--$71,053$71,053
Conferences and Meetings$28,868$25,545$4,582$58,995
Fees for Services Legal$0$54,390$0$54,390
Insurance$0$48,540$0$48,540
Fees for Services Accounting$0$43,170$0$43,170
Other Expenses$0$19,032$10,771$29,803
Total Functional Expenses$10,367,316$2,766,140$454,571$13,588,027

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,588,027
Total Expenses per Audited Statements$11,724,381
Expenses per Audited Statements$11,521,023
Expenses Not Reported on Financial Statements$2,067,004
Other Expense Adjustments$1,966,166
Expenses Not Reported on Form 990$203,358
International Activity

International Summary

Offices
0
Employees
0
Spending
$3,783,000

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean,passive Investments-00$3,783,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$132,983
Fundraising Gross Income$107,082
Professional Fundraising Fees$71,053
Gaming Gross Income$2,460
Gaming Direct Expenses$854

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction Night$241,086$101,270$110,724$-9,454
Pancake Breakfast$11,132$5,812$1,375$4,437
Total Events$252,218$107,082$132,983$-25,901
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Daniel Appel (board Member, Orchard School) Is an Officer of Gregory and AppelBUSINESS INSURANCE - INDEPENDENT ANALYSIS BY A THIRD PARTY HAS INDICATED THAT ORCHARD'S INSURANCE RATES ARE FAIRLY MARKETED AND THAT ORCHARD RECEIVES COMPETITIVE PREMIUM RATESNo$125,582

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Advance Liability$1,437,900

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2012-02-09$7,106,817Current refund series 2004 bonds issued on 3/10/04

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,106,817$6,971,559$2,677,445$135,258

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES

THE COMPENSATION OF THE CFO IS DETERMINED BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL USES COMPENSATION SURVEYS TO DETERMINE REASONABLE COMPENSATION. THE PROCESS AND DECISION IS DOCUMENTED IN THE EMPLOYEES COMPENSATION FILE. CFO compensation was reviewed upon the commencement of the current CFO's employment with Orchard School Foundation. The CFO receives the same compensation increase annually as all other employees.

Form 990, Part VI, Line 1A Material differences in voting rights

The organization divides its governing body into two units: the Board of Governors and the Board of Trustees. The members of both units have voting rights; however, differences in the powers of each of the two units exist. The Board of Governors shall have the power to manage the Corporation and has general charge and control of the affairs, funds, property, and policies of the Corporation. The Board of Governors may exercise all powers of the Corporation. The Board of Trustees shall exercise general supervision over the management of the School and the agents/employees thereof, initiating and implementing such programs as it shall deem advisable for the efficient operation and welfare of the school. The Board of Governors and the Board of Trustees have the duty to consult with each other in certain circumstances: -The Board of Governors, while retaining general charge and control of the basic policies and finances of the School, shall make no major change in such policies, nor take action calculated to have a substantial effect on the finances of the School, without first consulting and giving careful consideration to the views of the Board of Trustees. -Any proposed action of the Board of Trustees which involves a major change in the educational program, facilities, finances, or policies of the School shall be subject to the advance approval of the Board of Governors. -The employment or discharge of the Head of School shall require the advance approval of both the Board of Governors and the Board of Trustees.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The governing body delegates broad authority to the Executive Committee. The Executive Committee is composed of the officers of the corporation, the Chair of the Board of Trustees, and one other member of the Board of Governors selected by the President. The Executive Committee is authorized to fulfill the functions of the Board of Governors between meetings of the Board of Governors, including the fixing or change from time to time of the compensation of the Head of School, subject to two limitations: 1) Unless expressly authorized by resolution of the Board of Governors, the Executive Committee shall not authorize corporate expenditures in excess of a cumulative total of $50,000 in any twelve month period, and 2) The Executive Committee shall give written notice to each member of the Board of Governors of all actions taken by the Executive Committee. Such notice shall be given prior to the next meeting of the Board of Governors following the date of the Executive Committee meeting at which such action is taken, but in no event more than 30 days after the date of such action.

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

ANDREW APPEL AND DAN APPEL - Family relationship

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed by the cfo and the audit committee of the board of trustees prior to submission. The form 990 is made available to members of the board of governors and to any interested individuals upon their request.

Form 990, Part VI, Line 12C Conflict of interest policy

Conflicts of interest, if any, are addressed by the leadership of the board of governors and executive staff. Independent review of the situation by a cpa firm or similar is available.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

A compensation committee of the board of governors is given authority to develop a written contract with the head of school and to set his or her wage, ensuring that the wage is market driven and fair. Data from the national association of independent schools is utilized to compare compensation. Headmaster compensation was last reviewed during fye 6/30/2020.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Orchard School Foundation Inc
EIN
35-0909975
Phone
3172519253
Address
615 West 64th Street, Indianapolis, IN 46260

Signing Officer

Name
Courtney Williams
Title
Chief Financial Officer
Signed
2021-04-21
Discuss with paid preparer
Yes

Organization Details

Formed
1921
Legal Domicile
In
Voting Board Members
34
Independent Board Members
32
Employees
177
Volunteers
250

Preparer

Firm
Crowe Llp
Address
9600 Brownsboro Road Suite 400, Louisville, KY 40241-1122
Preparer
Kim Scifres
Phone
5023263996
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3 Significant changes in program services

In December 2019, a novel strain of coronavirus surfaced and spread around the world, with resulting business and social disruption. The coronavirus was declared a Public Health Emergency of International Concern by the World Health Organization on January 30, 2020. In response to the pandemic and in compliance with various state and local ordinances, Orchard moved to online instruction from March 2020 through the end of the 2019-2020 academic year. In addition, all extension programs were cancelled during that time.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Beneficial Interest in Charitable Remainder Unitrust - -3029;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The endowment funds allow the organization to enhance its mission of developing each student's knowledge, confidence, and character by supplementing the operational budget.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Orchard is generally exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, Orchard has been determined not to be a private foundation under Section 509(a) of the Internal Revenue Code. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. Orchard does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. Orchard recognizes interest and/or penalties related to income tax matters in income tax expense. Orchard did not have any amounts accrued for interest and penalties at June 30, 2020 or 2019.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Financial aid to students - -1966166

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Fundraising event expenses - -132983 rental expenses - -47173 cost of goods sold - -18348 gaming expenses - -854

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Fundraising event expenses - 132983 rental expenses - 47173 cost of goods sold - 18348 gaming expenses - 854

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Financial aid to students - 1966166

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IRS990/Desc0THE ELEMENTARY SCHOOL IS COMPRISED OF APPROXIMATELY 320 STUDENTS FROM PRESCHOOL THROUGH THE 4TH GRADE. THE FOCUS IS ON THE DEVELOPMENT OF THE WHOLE CHILD - SOCIALLY, EMOTIONALLY, ARTISTICALLY, AND ETHICALLY WITHIN A SUPPORTIVE AND CHALLENGING ENVIRONMENT. DURING THESE FORMATIVE YEARS, WHEN CHILDREN ARE CURIOUS AND INQUISITIVE, ORCHARD SCHOOL PROVIDES THEM WITH OPPORTUNITIES TO DISCOVER, EXPLORE, AND EXPERIMENT. CHILDREN LEARN BEST BY DOING AND, THEREFORE, ARE ENCOURAGED TO THINK, REASON, CREATE, AND COLLABORATE THROUGH ACTIVE PARTICIPATION IN THE LEARNING PROCESS.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.2$1.72$49.5$16.1$14.6$1.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$5.92$54.6$15.4$13.6$1.80
2020Detailed filing. Detailed filing data is available for this year.$52.3$7.82$44.5$14.6$13.6$1.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.8$6.94$41.9$14.2$13.8$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.1$7.36$39.8$15.6$14.4$1.16
2016Detailed filing. Detailed filing data is available for this year.$45.1$9.01$36.1$14.6$14.8$0.21
2015Detailed filing. Detailed filing data is available for this year.$47.5$9.33$38.2$13.5$15.0$1.51
2014Detailed filing. Detailed filing data is available for this year.$50.6$9.29$41.3$12.9$13.9$1.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$9.58$39.1$13.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.3$10.6$37.7$14.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$10.1$41.2$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.6$10.5$38.1$13.4
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $50M-$100M nonprofits