Civic Intelligence

Nssc Foundation

990 • Fiscal year 2014 • EIN 36-3830444

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 27, 2015

161 Northfield Road60093

(847) 784-6000

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

22nd percentile

0.08x

Higher debt load relative to revenue than 22% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

87th percentile

38%

Higher net margin than 87% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

41st percentile

$146,666

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

70th percentile

9.8%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Up

$17,705,482

Up $1,581,639 (+9.8%) from 2013

Net Assets

Up

$17,578,638

Up $1,593,164 (+10.0%) from 2013

Liabilities

Down

$126,844

Down $11,525 (-8.3%) from 2013

Revenue

$1,616,763

No earlier filing loaded for comparison.

Expenses

Down

$1,000,619

Down $26,280 (-2.6%) from 2013

Net Income

$616,144

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.

$20M$15M$10M$5.0M$0Assets 2012: $15,541,083Liabilities 2012: $177,432Net Assets 2012: $15,363,6512012Assets 2013: $16,123,843Liabilities 2013: $138,369Net Assets 2013: $15,985,4742013Assets 2014: $17,705,482Liabilities 2014: $126,844Net Assets 2014: $17,578,6382014Assets 2015: $17,060,032Liabilities 2015: $86,085Net Assets 2015: $16,973,9472015Assets 2016: $15,716,229Liabilities 2016: $84,061Net Assets 2016: $15,632,1682016Assets 2017: $17,001,742Liabilities 2017: $84,866Net Assets 2017: $16,916,8762017Assets 2018: $16,930,562Liabilities 2018: $57,214Net Assets 2018: $16,873,3482018Assets 2019: $16,464,889Liabilities 2019: $52,992Net Assets 2019: $16,411,8972019Assets 2020: $16,032,157Liabilities 2020: $687,314Net Assets 2020: $15,344,8432020Assets 2021: $18,426,817Liabilities 2021: $130,643Net Assets 2021: $18,296,1742021Assets 2022: $15,605,080Liabilities 2022: $134,997Net Assets 2022: $15,470,0832022Assets 2023: $15,800,105Liabilities 2023: $91,948Net Assets 2023: $15,708,1572023Assets 2024: $16,469,951Liabilities 2024: $83,700Net Assets 2024: $16,386,2512024

Highlighted filing

2014

Assets$17,705,482
Liabilities$126,844
Net Assets$17,578,638

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $1,105,0732012Expenses 2013: $1,026,8992013Revenue 2014: $1,616,763Expenses 2014: $1,000,619Net Income 2014: $616,1442014Revenue 2015: $686,588Expenses 2015: $973,088Net Income 2015: -$286,5002015Revenue 2016: $464,619Expenses 2016: $1,069,083Net Income 2016: -$604,4642016Revenue 2017: $622,260Expenses 2017: $1,063,028Net Income 2017: -$440,7682017Revenue 2018: $707,491Expenses 2018: $1,352,690Net Income 2018: -$645,1992018Revenue 2019: $575,518Expenses 2019: $1,289,357Net Income 2019: -$713,8392019Revenue 2020: $540,523Expenses 2020: $1,328,970Net Income 2020: -$788,4472020Revenue 2021: $652,232Expenses 2021: $1,075,724Net Income 2021: -$423,4922021Revenue 2022: $1,016,926Expenses 2022: $1,160,766Net Income 2022: -$143,8402022Revenue 2023: $646,148Expenses 2023: $1,193,364Net Income 2023: -$547,2162023Revenue 2024: $639,197Expenses 2024: $1,126,759Net Income 2024: -$487,5622024

Highlighted filing

2014

Revenue$1,616,763
Expenses$1,000,619
Net Income$616,144
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 27, 2015
Return Version
2013v4.0
Gross Receipts
$17,890,740
Mission and Program Overview

Mission

The mission of the nssc foundation through the stewardship and growth of financial assets is to provide financial support now and in the future to the north shore senior center, a not-for-profit organization, in its provision of services for the well-being of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$15,420,728-
Investments in Publicly Traded Securities$16,049,181$2,223,767▼ $13,825,414
Savings and Temporary Cash Investments$74,662$60,987▼ $13,675
Total Assets$16,123,843$17,705,482▲ $1,581,639
Liabilities
Other Liabilities$138,369$124,344▼ $14,025
Accounts Payable and Accrued Expenses-$2,500-
Total Liabilities$138,369$126,844▼ $11,525
Net Assets / Fund Balance
Unrestricted Net Assets$10,848,997$11,898,479▲ $1,049,482
Permanently Rstr Net Assets$4,878,339$5,352,618▲ $474,279
Temporarily Rstr Net Assets$258,138$327,541▲ $69,403
Total Net Assets Fund Balance$15,985,474$17,578,638▲ $1,593,164
Total Liabilities and Net Assets / Fund Balance$16,123,843$17,705,482▲ $1,581,639

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$265,709--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$4,944,777$500▲ $758,628-$5,469,232
2012$4,692,997-▲ $523,302-$4,944,777
2011$4,946,330-▲ $216,037-$4,692,997
2010$4,259,568-▲ $751,105-$4,946,330
2009$4,026,034$109,830▲ $337,794-$4,259,568
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jordan LuhrPresidentPT$146,666$146,666
Sharon NelsonDirectorfinaPT$111,550$111,550

Board Members and Trustees

NameTitle
Sharon KingChairman
Arthur B MuirDirector
Barbara WickDirector
Dana Ione GreenDirector
Dewey CrawfordDirector
George MetzgerDirector
James DepiesDirector
Joan GiardinaDirector
Joan NewmanDirector
MOLLY D'ESPOSITODirector
Rick FisherDirector
Tom JohnsonDirector
Kathryn ChiegerSecretary
Kenneth CookeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,448
Program Service Revenue
$0
Investment Income
$1,599,315
Other Revenue
$0
All Other Contributions
$17,448
Change in Net Assets
$616,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,616,763
Revenue Not Reported on Form 990
$977,020
Total Revenue per Audited Statements
$2,593,783
Total Revenue per Form 990
$1,616,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$765,205
Other Expenses$235,414
Total Fundraising Expense$79,948
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$765,205--$765,205
Fees for Service Investment Mgmnt Fees$57,192$3,786-$60,978
Fees for Services Accounting-$14,235-$14,235
Occupancy--$6,000$6,000
Fees for Services Other$379$5,000$90$5,469
Other Expenses$942$570$490$2,002
Information Technology-$300-$300
Total Functional Expenses$880,442$40,229$79,948$1,000,619

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,000,619
Total Expenses per Audited Statements$1,000,619
Total Expenses per Form 990$1,000,619
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
36-2366074-501c3General Support$765,205
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Split-interest Agreements Liability$124,344
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The by-laws provide that the foundation has members.

Form 990, Page 6, Part VI, Line 7A

The members of the foundation elect most of the board members.

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

The board designates the president and one or more other individuals to be vested with the principal responsibility for overseeing the preparation of the foundation's 990. They, along with the officers of the board, review and approve the draft. A copy of the draft is also available to the rest of the board for review prior to filing.

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

A questionnaire is distributed to each member of the board annually, requesting either disclosure of any potential conflicts of interest or a statement that there are no conflicts of interest. The president ensures that all questionnaires are signed and returned, reviews them for conflicts, and maintains copies for the file.

Form 990, Page 6, Part VI, Line 19

This information is available to the public upon request.

Filing and Contact Details

Filer

EIN
36-3830444
Phone
8477846000

Signing Officer

Name
Jordan Luhr
Title
President
Phone
8477846000
Signed
2015-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jordan Luhr
Formed
1992
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Preparer
Andrew R Lotts
Phone
8479452888
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the nssc foundation through the stewardship and growth of financial assets is to provide financial support now and in the future to the north shore senior center, a not-for-profit organization, in its provision of services for the well-being of older adults.

Form 990, Part XI, Line 9

Change in value-charitable remainder unitrust 13,604 change in value-charitable gift annuities -22,386

Financial Statement Notes

Schedule D, Page 3, Part X

As of june 30, 2014 and 2013, the foundation was not aware of any uncertain tax positions that it is obligated to disclose in accordance with fasb asc 740, income taxes. Additionally, there were no returns open to review or under review by taxing authorities in excess of annual statutory periods which is typically three years. The foundation follows a conservative approach of research and open disclosure in regard to its tax-exempt status and positions held. The foundation files forms 990 in the u.s. Federal jurisdiction and the state of illinois. The foundation is generally no longer subject to examination by the internal revenue service for years before 2011.

Schedule D, Page 4, Part XI, Line 2D

Change in value-charitable remainder unitrust 13,604 change in value-charitable gift annuities -22,386

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IRS990/MissionDesc0THE MISSION OF THE NSSC FOUNDATION THROUGH THE STEWARDSHIP AND GROWTH OF FINANCIAL ASSETS IS TO PROVIDE FINANCIAL SUPPORT NOW AND IN THE FUTURE TO THE NORTH SHORE SENIOR CENTER, A NOT-FOR-PROFIT ORGANIZATION, IN ITS PROVISION OF SERVICES FOR THE WELL-BEING OF OLDER ADULTS.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc2REAL ESTATE FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF JUNE 30, 2014 AND 2013, THE FOUNDATION WAS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT IT IS OBLIGATED TO DISCLOSE IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. ADDITIONALLY, THERE WERE NO RETURNS OPEN TO REVIEW OR UNDER REVIEW BY TAXING AUTHORITIES IN EXCESS OF ANNUAL STATUTORY PERIODS WHICH IS TYPICALLY THREE YEARS. THE FOUNDATION FOLLOWS A CONSERVATIVE APPROACH OF RESEARCH AND OPEN DISCLOSURE IN REGARD TO ITS TAX-EXEMPT STATUS AND POSITIONS HELD. THE FOUNDATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF ILLINOIS. THE FOUNDATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE-CHARITABLE REMAINDER UNITRUST 13,604 CHANGE IN VALUE-CHARITABLE GIFT ANNUITIES -22,386
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
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IRS990ScheduleI/RecipientTable/RecipientEIN0362366074
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10161 NORTHFIELD ROAD
IRS990ScheduleI/RecipientTable/USAddress/City0NORTHFIELD
IRS990ScheduleI/RecipientTable/USAddress/State0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode060093
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD MEMBERS HAVE PHYSICAL ACCESS TO THE NORTH SHORE SENIOR CENTER, AS WELL AS TO INFORMATION ON DETAILS OF THE GRANTS. THE TWO ENTITIES HAVE A MINORITY OVERLAP OF BOARD MEMBERS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE NSSC FOUNDATION THROUGH THE STEWARDSHIP AND GROWTH OF FINANCIAL ASSETS IS TO PROVIDE FINANCIAL SUPPORT NOW AND IN THE FUTURE TO THE NORTH SHORE SENIOR CENTER, A NOT-FOR-PROFIT ORGANIZATION, IN ITS PROVISION OF SERVICES FOR THE WELL-BEING OF OLDER ADULTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BY-LAWS PROVIDE THAT THE FOUNDATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE FOUNDATION ELECT MOST OF THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DESIGNATES THE PRESIDENT AND ONE OR MORE OTHER INDIVIDUALS TO BE VESTED WITH THE PRINCIPAL RESPONSIBILITY FOR OVERSEEING THE PREPARATION OF THE FOUNDATION'S 990. THEY, ALONG WITH THE OFFICERS OF THE BOARD, REVIEW AND APPROVE THE DRAFT. A COPY OF THE DRAFT IS ALSO AVAILABLE TO THE REST OF THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A QUESTIONNAIRE IS DISTRIBUTED TO EACH MEMBER OF THE BOARD ANNUALLY, REQUESTING EITHER DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST OR A STATEMENT THAT THERE ARE NO CONFLICTS OF INTEREST. THE PRESIDENT ENSURES THAT ALL QUESTIONNAIRES ARE SIGNED AND RETURNED, REVIEWS THEM FOR CONFLICTS, AND MAINTAINS COPIES FOR THE FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THIS INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN VALUE-CHARITABLE REMAINDER UNITRUST 13,604 CHANGE IN VALUE-CHARITABLE GIFT ANNUITIES -22,386
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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