Civic Intelligence

The Westminster Foundation Inc.

990 • Fiscal year 2018 • EIN 35-1603830

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 11, 2019

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

25th percentile

-4.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

4.3%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$2,258,390

Down $111,283 (-4.7%) from 2017

Net Assets

Down

$2,258,390

Down $111,283 (-4.7%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin82nd percentile

Revenue

Up

$97,146

Up $3,964 (+4.3%) from 2017

Expenses

Down

$70,925

Down $26,083 (-27%) from 2017

Net Income

Up

$26,221

Up $30,047 (+785%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2018

Assets$2,258,390
Liabilities$0
Net Assets$2,258,390
Open 2018 Filing

Operations Trend

Revenue Growth51st 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

2018

Revenue$97,146
Expenses$70,925
Net Income$26,221
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 11, 2019
Return Version
2018v3.1
Gross Receipts
$330,491
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$2,204,445$2,202,034▼ $2,411
Cash and Non-Interest-Bearing Accounts$163,103$54,231▼ $108,872
Total Assets$2,369,673$2,258,390▼ $111,283
Other Assets Total$2,125$2,125→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,298,313$2,187,030▼ $111,283
Temporarily Rstr Net Assets$71,360$71,360→ $0
Total Net Assets Fund Balance$2,369,673$2,258,390▼ $111,283
Total Liabilities and Net Assets / Fund Balance$2,369,673$2,258,390▼ $111,283
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
$44,138
Program Service Revenue
$0
Investment Income
$53,008
Other Revenue
$0
All Other Contributions
$44,138
Change in Net Assets
$26,221

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,146
Revenue Not Reported on Form 990
$-137,504
Total Revenue per Audited Statements
$-40,358
Total Revenue per Form 990
$97,146
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$50,000
Other Expenses$20,925
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$50,000--$50,000
Fees for Service Investment Mgmnt Fees-$13,503-$13,503
Fees for Services Accounting-$7,400-$7,400
Office Expenses-$22-$22
Total Functional Expenses$50,000$20,925$0$70,925

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$70,925
Total Expenses per Audited Statements$70,925
Total Expenses per Form 990$70,925
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westminster Village NorthIndianapolis, IN-See Part Iv$50,000
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
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
2019-01-11
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

Additional Explanations

Form 990, Page 5, Part V, Line 3B

“No unrelated business income.”

Financial Statement Notes

Schedule D, Page 3, Part X

“In consideration of accounting standards codification (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, 2017, 2016 and 2015, 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIANA SECURITIES LLC THE WESTMINSTER FOUNDATION, INC. OWNER PRESIDENT INDIANA SECURITIES LLC THE WESTMINISTER FOUNDATION, INC. ASSOCIATE TREASURER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3THE 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/ExplanationTxt4THE FOUNDATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097146
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALBERT R JACKSON III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WESTMINSTER FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0351603830
ReturnHeader/Filer/USAddress/AddressLine1Txt011050 PRESBYTERIAN DRIVE
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.67.95.110
ReturnHeader/FilingSecurityInformation/IPDt02019-01-30
ReturnHeader/FilingSecurityInformation/IPTm010:12:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263503647
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETROW KANE LEEMHUIS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08440 WOODFIELD CROSSING 345
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03174524700
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN S LEEMHUIS
ReturnHeader/ReturnTs02019-01-30T12:49:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,258,390
Liabilities
$0
Net assets
$2,258,390
Revenue
$97,146
Expenses
$70,925
Net income
$26,221
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
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.00$2.26$0.10$0.07$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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