Civic Intelligence

I Think Community Foundation Inc.

990EZ • Fiscal year 2022 • EIN 35-2550107

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-12%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-46%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

60th percentile

22%

Faster revenue growth than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$12,388

Down $10,498 (-46%) from 2021

Net Assets

Down

$12,388

Down $10,498 (-46%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$86,499

Up $15,685 (+22%) from 2021

Expenses

Up

$96,997

Up $44,644 (+85%) from 2021

Net Income

Down

-$10,498

Down $28,959 (-157%) from 2021

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

2022

Assets$12,388
Liabilities$0
Net Assets$12,388

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

2022

Revenue$86,499
Expenses$96,997
Net Income-$10,498
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$95,880
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$0$71,188
COLLEGE SCHOLARSHIPS$18,600$18,600
HABITAT FOR HUMANITY$0$4,209
HURRICANE RELIEF$3,000$3,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL L MILLERSecretary & Treasurer-$0--
MICHAEL W TOWNSENDPresident-$0--
JOHNNY BENNETTDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bowl-a-thon$19,061$19,061$5,939$13,122
Candy Sales$6,466$6,466$3,443$3,023
Total Events$25,527$25,527$9,382$16,145
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
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Forvis 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 $18,600 of grants CONSISTS OF SCHOLARSHIPS. ITHINK COMMUNITY FOUNDATION GIVES 6 students in college or entering college A SCHOLARSHIP FOR $2,500.

Form 990EZ Part I Line 16

Description:ANNUAL CHILDREN'S HOLIDAY Amount:36327

Form 990EZ Part I Line 16

Description:HABITAT FOR HUMANITY Amount:4209

Form 990EZ Part I Line 16

Description:SCHOOL READY DAYS Amount:34597

Form 990EZ Part I Line 16

Description:OTHER OPERATING EXPENSES Amount:153

Raw XML Appendix194 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/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/DescriptionProgramSrvcAccomTxt2HURRICANE RELIEF
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt071188
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt34209
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt016146
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS AND SIMILAR AMOUNTS PAID $18,600 of grants CONSISTS OF SCHOLARSHIPS. ITHINK COMMUNITY FOUNDATION GIVES 6 students in college or entering college A SCHOLARSHIP FOR $2,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:ANNUAL CHILDREN'S HOLIDAY Amount:36327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:HABITAT FOR HUMANITY Amount:4209
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:SCHOOL READY DAYS Amount:34597
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:OTHER OPERATING EXPENSES Amount:153
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/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL L MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07880595454
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033445
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORVIS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 N Illinois Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Indianapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046204
ReturnHeader/PreparerPersonGrp/PhoneNum03173834000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J SUMMERS
ReturnHeader/ReturnTs02023-11-15T12:03:20-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael L
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Miller
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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