Civic Intelligence

I Think Community Foundation Inc.

990EZ • Fiscal year 2020 • EIN 35-2550107

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

1000 NW 17th AveDelray Beach, FL 33445

(561) 982-4700

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

27th percentile

-12%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$4,425

No earlier filing loaded for comparison.

Net Assets

$4,425

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$41,533

No earlier filing loaded for comparison.

Expenses

$46,487

No earlier filing loaded for comparison.

Net Income

-$4,954

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2020: $4,425Liabilities 2020: $0Net Assets 2020: $4,4252020Assets 2021: $22,886Liabilities 2021: $0Net Assets 2021: $22,8862021Assets 2022: $12,388Liabilities 2022: $0Net Assets 2022: $12,3882022Assets 2023: $39,682Liabilities 2023: $0Net Assets 2023: $39,6822023Assets 2024: $138,386Liabilities 2024: $0Net Assets 2024: $138,3862024

Highlighted filing

2020

Assets$4,425
Liabilities$0
Net Assets$4,425

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $41,533Expenses 2020: $46,487Net Income 2020: -$4,9542020Revenue 2021: $70,814Expenses 2021: $52,353Net Income 2021: $18,4612021Revenue 2022: $86,499Expenses 2022: $96,997Net Income 2022: -$10,4982022Revenue 2023: $121,551Expenses 2023: $94,257Net Income 2023: $27,2942023Revenue 2024: $246,044Expenses 2024: $147,340Net Income 2024: $98,7042024

Highlighted filing

2020

Revenue$41,533
Expenses$46,487
Net Income-$4,954
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$44,299
Mission and Program Overview

Mission

The foundation raised funds from employees, member and vendors of ithink financial credit union and has been establshed to support the charitable endeavors of our employees, member and community partners which directly benefits the communities in which ithink financial credit union operates.

Program Services

DescriptionGrantsExpenses
SCHOOL SUPPLIES AND HOLIDAY GIFTS FOR UNDERPRIVILEGED CHILDREN-$36,314
COLLEGE SCHOLARSHIPS$10,000$10,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL L MILLERPresident-$0--
MICHAEL W TOWNSENDSecretary & Treasurer-$0--
JOHNNY BENNETTDirector-$0--
JAMES M DORMANDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bowl a Thon$5,080$5,080$975$4,105
Candy Sales$3,249$3,249$1,791$1,458
Total Events$8,329$8,329$2,766$5,563
Filing and Contact Details

Filer

Filer Name
iTHINK Community Foundation Inc
EIN
35-2550107
In Care Of
% JEFF KOLHAGEN
Phone
5619824700
Address
1000 NW 17th Ave, Delray Beach, FL 33445

Signing Officer

Name
Michael L Miller
Title
President/CEO
Phone
7880595454
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
Preparer
Michael J Summers
Phone
3173834000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

GRANTS AND SIMILAR AMOUNTS PAID $10,000 of grants CONSISTS OF SCHOLARSHIPS. ITHINK COMMUNITY FOUNDATION GIVES 4 students in college or entering college A SCHOLARSHIP FOR $2,500.

Form 990EZ Part I Line 16

Description:ANNUAL CHILDREN'S HOLIDAY Amount:17263

Form 990EZ Part I Line 16

Description:SCHOOL READY DAYS Amount:19051

Form 990EZ Part I Line 16

Description:MISCELLANEOUS EXPENSE Amount:55

Form 990EZ Part I Line 16

Description:OPERATIONS EXPENSE Amount:118

Raw XML Appendix191 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JOHNNY BENNETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JAMES M DORMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY & TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
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IRS990EZ/PrimaryExemptPurposeTxt0THE FOUNDATION RAISED FUNDS FROM EMPLOYEES, MEMBER AND VENDORS OF ITHINK FINANCIAL CREDIT UNION AND HAS BEEN ESTABLSHED TO SUPPORT THE CHARITABLE ENDEAVORS OF OUR EMPLOYEES, MEMBER AND COMMUNITY PARTNERS WHICH DIRECTLY BENEFITS THE COMMUNITIES IN WHICH ITHINK FINANCIAL CREDIT UNION OPERATES.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1COLLEGE SCHOLARSHIPS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS AND SIMILAR AMOUNTS PAID $10,000 of grants CONSISTS OF SCHOLARSHIPS. ITHINK COMMUNITY FOUNDATION GIVES 4 students in college or entering college A SCHOLARSHIP FOR $2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:ANNUAL CHILDREN'S HOLIDAY Amount:17263
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:SCHOOL READY DAYS Amount:19051
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:MISCELLANEOUS EXPENSE Amount:55
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:OPERATIONS EXPENSE Amount:118
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael L Miller
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07880595454
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0iTHINK Community Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ITHI
ReturnHeader/Filer/EIN0352550107
ReturnHeader/Filer/InCareOfNm0% JEFF KOLHAGEN
ReturnHeader/Filer/PhoneNum05619824700
ReturnHeader/Filer/USAddress/AddressLine1Txt01000 NW 17th Ave
ReturnHeader/Filer/USAddress/CityNm0Delray Beach
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 N Illinois Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Indianapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
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ReturnHeader/PreparerPersonGrp/PhoneNum03173834000
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J SUMMERS
ReturnHeader/ReturnTs02021-11-15T15:59:08-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Miller
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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