Civic Intelligence

The Westminster Foundation Inc.

990 • Fiscal year 2017 • EIN 35-1603830

Jan 01, 2017 to Dec 31, 2017 • Filed on Feb 19, 2018

Organization ProfileWESTMINSTERVILLAGE.COM/ABOUT/WESTMINS
11050 Presbyterian DriveIndianapolis, IN 46236

(317) 431-2677

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

29th percentile

-4.1%

Higher net margin than 29% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

66th percentile

9.3%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2017

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,369,673

Up $554,996 (+31%) from 2014

Net Assets

Up

$2,369,673

Up $554,996 (+31%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin29th percentile

Revenue

Down

$93,182

Down $109,372 (-54%) from 2014

Expenses

Up

$97,008

Up $32,637 (+51%) from 2014

Net Income

Down

-$3,826

Down $142,009 (-103%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $979,754Liabilities 2011: $0Net Assets 2011: $979,7542011Assets 2012: $1,010,440Liabilities 2012: $0Net Assets 2012: $1,010,4402012Assets 2014: $1,814,677Liabilities 2014: $0Net Assets 2014: $1,814,6772014Assets 2017: $2,369,673Liabilities 2017: $0Net Assets 2017: $2,369,6732017Assets 2018: $2,258,390Liabilities 2018: $0Net Assets 2018: $2,258,3902018Assets 2019: $2,742,587Liabilities 2019: $1,000,000Net Assets 2019: $1,742,5872019Assets 2020: $2,549,436Liabilities 2020: $590,354Net Assets 2020: $1,959,0822020Assets 2021: $2,295,628Liabilities 2021: $5,094Net Assets 2021: $2,290,5342021Assets 2022: $1,860,582Liabilities 2022: $0Net Assets 2022: $1,860,5822022Assets 2024: $2,893,065Liabilities 2024: $0Net Assets 2024: $2,893,0652024

Highlighted filing

2017

Assets$2,369,673
Liabilities$0
Net Assets$2,369,673
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $69,6132011Expenses 2012: $72,4232012Revenue 2014: $202,554Expenses 2014: $64,371Net Income 2014: $138,1832014Revenue 2017: $93,182Expenses 2017: $97,008Net Income 2017: -$3,8262017Revenue 2018: $97,146Expenses 2018: $70,925Net Income 2018: $26,2212018Revenue 2019: $456,643Expenses 2019: $1,095,205Net Income 2019: -$638,5622019Revenue 2020: $172,423Expenses 2020: $177,038Net Income 2020: -$4,6152020Revenue 2021: $244,233Expenses 2021: $244,388Net Income 2021: -$1552021Revenue 2022: $193,518Expenses 2022: $179,928Net Income 2022: $13,5902022Revenue 2024: $187,264Expenses 2024: $120,724Net Income 2024: $66,5402024

Highlighted filing

2017

Revenue$93,182
Expenses$97,008
Net Income-$3,826
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Feb 19, 2018
Return Version
2017v2.2
Gross Receipts
$300,072
Mission and Program Overview

Mission

To assist in the continuance of providing quality healthcare at westminster village north to its residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,815,916$2,204,445▲ $388,529
Cash and Non-Interest-Bearing Accounts$250,820$163,103▼ $87,717
Total Assets$2,068,861$2,369,673▲ $300,812
Other Assets Total$2,125$2,125→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,998,839$2,298,313▲ $299,474
Temporarily Rstr Net Assets$70,022$71,360▲ $1,338
Total Net Assets Fund Balance$2,068,861$2,369,673▲ $300,812
Total Liabilities and Net Assets / Fund Balance$2,068,861$2,369,673▲ $300,812
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Frank NeesePresident
Bettye ParksDirector
John PeerDirector
Judy LumbertDirector
Larry AdcockDirector
Martha DawsonDirector
Karen B WoodsSecretary
Albert R Jackson IiiTreasurer
Carrie HendersonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$59,633
Program Service Revenue
$0
Investment Income
$33,549
Other Revenue
$0
All Other Contributions
$59,633
Change in Net Assets
$-3,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,182
Revenue Not Reported on Form 990
$304,638
Total Revenue per Audited Statements
$397,820
Total Revenue per Form 990
$93,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,000
Other Expenses$22,008
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,000--$75,000
Fees for Service Investment Mgmnt Fees-$12,235-$12,235
Fees for Services Accounting-$7,400-$7,400
Office Expenses-$2,373-$2,373
Total Functional Expenses$75,000$22,008$0$97,008

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$97,008
Total Expenses per Audited Statements$97,008
Total Expenses per Form 990$97,008
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westminster Village NorthIndianapolis, IN-See Part Iv$75,000
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Indiana securities llc the westminster foundation, inc. Owner president indiana securities llc the westminister foundation, inc. Associate treasurer”

Form 990, Page 6, Part VI, Line 11B

“The form 990 was discussed and reviewed by the board of directors. All directors were mailed/emailed a copy prior to filing for final review.”

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

“The foundation has a written conflict of interest policy. Annually the policy is reviewed with the board and each member completes and signs a conflict of interest statement, disclosing any conflicts. The members are reminded that if any conflicts arise during the year, then they must complete a new conflict of interest form. The individual statements are reviewed by the executive committee. Decisions are made at that committee as to whether any conflicts need the entire boards attention.”

Form 990, Page 6, Part VI, Line 19

“The foundation does not make the governing documents, conflicts of interest and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
The Westminster Foundation Inc
EIN
35-1603830
Address
11050 PRESBYTERIAN DRIVE, INDIANAPOLIS, IN 46236

Signing Officer

Name
Albert R Jackson Iii
Title
Treasurer
Signed
2018-02-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert R Jackson Iii
Formed
1983
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
11

Preparer

Firm
Petrow Kane Leemhuis Pc
Address
8440 WOODFIELD CROSSING 345, INDIANAPOLIS, IN 46240
Preparer
John S Leemhuis
Phone
3174524700
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“In consideration of asc 740-10-25 income taxes, westminster has not taken any uncertain tax positions that should be recognized in the accompanying financial statements. Westminster's exempt organization tax returns for the years ended december 31, 2016, 2015 and 2014, are subject to examination by the internal revenue service.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN CONSIDERATION OF ASC 740-10-25 INCOME TAXES, WESTMINSTER HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT SHOULD BE RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. WESTMINSTER'S EXEMPT ORGANIZATION TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
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IRS990ScheduleI/RecipientTable/RecipientEIN0311209757
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INDIANA SECURITIES LLC THE WESTMINSTER FOUNDATION, INC. OWNER PRESIDENT INDIANA SECURITIES LLC THE WESTMINISTER FOUNDATION, INC. ASSOCIATE TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS DISCUSSED AND REVIEWED BY THE BOARD OF DIRECTORS. ALL DIRECTORS WERE MAILED/EMAILED A COPY PRIOR TO FILING FOR FINAL REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ANNUALLY THE POLICY IS REVIEWED WITH THE BOARD AND EACH MEMBER COMPLETES AND SIGNS A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY CONFLICTS. THE MEMBERS ARE REMINDED THAT IF ANY CONFLICTS ARISE DURING THE YEAR, THEN THEY MUST COMPLETE A NEW CONFLICT OF INTEREST FORM. THE INDIVIDUAL STATEMENTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE. DECISIONS ARE MADE AT THAT COMMITTEE AS TO WHETHER ANY CONFLICTS NEED THE ENTIRE BOARDS ATTENTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
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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
$2,369,673
Liabilities
$0
Net assets
$2,369,673
Revenue
$93,182
Expenses
$97,008
Net income
-$3,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.89$0.00$2.89$0.19$0.12$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.00$1.86$0.19$0.18$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.01$2.29$0.24$0.24$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.59$1.96$0.17$0.18$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.74$1.00$1.74$0.46$1.10$0.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.00$2.26$0.10$0.07$0.03
2017Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$0.09$0.10$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.20$0.06$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.00$0.98$0.07