Civic Intelligence

Accenture Foundation Inc.

990 • Fiscal year 2016 • EIN 36-4296414

Sep 01, 2015 to Aug 31, 2016 • Filed on Apr 14, 2017

161 North Clark StreetChicago, IL 60601

(312) 693-8096

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.09x

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

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.60x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Net Margin

98th percentile

82%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Top Officer Pay

4th percentile

$110,805

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2016

Asset Growth

76th percentile

8.1%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Revenue Growth

97th percentile

124%

Faster revenue growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2015 to 2016

Assets

Up

$118,041,029

Up $8,872,372 (+8.1%) from 2015

Net Assets

Up

$107,087,438

Up $15,534,613 (+17%) from 2015

Liabilities

Down

$10,953,591

Down $6,662,241 (-38%) from 2015

Revenue

Up

$18,345,238

Up $10,139,533 (+124%) from 2015

Expenses

Down

$3,309,273

Down $16,941,733 (-84%) from 2015

Net Income

Up

$15,035,965

Up $27,081,266 (+225%) from 2015

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $93,318,192Liabilities 2010: $2,549,954Net Assets 2010: $90,768,2382010Assets 2011: $107,970,033Liabilities 2011: $4,505,306Net Assets 2011: $103,464,7272011Assets 2012: $111,683,690Liabilities 2012: $9,636,658Net Assets 2012: $102,047,0322012Assets 2013: $112,842,544Liabilities 2013: $8,263,790Net Assets 2013: $104,578,7542013Assets 2014: $118,518,125Liabilities 2014: $11,401,527Net Assets 2014: $107,116,5982014Assets 2015: $109,168,657Liabilities 2015: $17,615,832Net Assets 2015: $91,552,8252015Assets 2016: $118,041,029Liabilities 2016: $10,953,591Net Assets 2016: $107,087,4382016Assets 2017: $121,256,403Liabilities 2017: $10,486,926Net Assets 2017: $110,769,4772017Assets 2018: $115,428,502Liabilities 2018: $9,273,738Net Assets 2018: $106,154,7642018Assets 2019: $117,917,514Liabilities 2019: $10,403,037Net Assets 2019: $107,514,4772019Assets 2020: $128,544,355Liabilities 2020: $9,830,866Net Assets 2020: $118,713,4892020Assets 2021: $134,926,823Liabilities 2021: $8,412,260Net Assets 2021: $126,514,5632021Assets 2022: $119,957,216Liabilities 2022: $12,167,763Net Assets 2022: $107,789,4532022Assets 2023: $117,422,405Liabilities 2023: $14,528,331Net Assets 2023: $102,894,0742023Assets 2024: $104,702,086Liabilities 2024: $31,262,885Net Assets 2024: $73,439,2012024

Highlighted filing

2016

Assets$118,041,029
Liabilities$10,953,591
Net Assets$107,087,438

Operations Trend

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

$40M$20M$0-$20M-$40MExpenses 2010: $7,663,5982010Expenses 2011: $5,507,2942011Expenses 2012: $12,172,9342012Expenses 2013: $8,249,5542013Revenue 2014: $15,844,285Expenses 2014: $15,748,725Net Income 2014: $95,5602014Revenue 2015: $8,205,705Expenses 2015: $20,251,006Net Income 2015: -$12,045,3012015Revenue 2016: $18,345,238Expenses 2016: $3,309,273Net Income 2016: $15,035,9652016Revenue 2017: $36,921,187Expenses 2017: $10,441,089Net Income 2017: $26,480,0982017Revenue 2018: $2,886,289Expenses 2018: $9,652,392Net Income 2018: -$6,766,1032018Revenue 2019: $13,226,091Expenses 2019: $9,966,668Net Income 2019: $3,259,4232019Revenue 2020: $23,346,789Expenses 2020: $12,491,780Net Income 2020: $10,855,0092020Revenue 2021: $15,596,009Expenses 2021: $7,678,687Net Income 2021: $7,917,3222021Revenue 2022: $5,639,776Expenses 2022: $24,590,583Net Income 2022: -$18,950,8072022Revenue 2023: $19,199,448Expenses 2023: $24,094,827Net Income 2023: -$4,895,3792023Revenue 2024: $9,844,173Expenses 2024: $39,299,046Net Income 2024: -$29,454,8732024

Highlighted filing

2016

Revenue$18,345,238
Expenses$3,309,273
Net Income$15,035,965
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Apr 14, 2017
Return Version
2015v3.0
Gross Receipts
$26,827,617
Mission and Program Overview

Mission

Accenture foundation, inc. (the "charity") focuses on three primary program areas: (1) education, (2) digital opportunities, and (3) enhancement of human life and well-being. Specific programs are identified and approved by the charity's board of directors, which are determined to be in furtherance of the charity's educational and charitable purposes.

The support of educational and charitable activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$106,779,375$116,469,248▲ $9,689,873
Savings and Temporary Cash Investments$1,154,877$1,099,283▼ $55,594
Investments Other Securities$1,228,614$468,375▼ $760,239
Prepaid Expenses and Deferred Charges$5,791$4,123▼ $1,668
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$109,168,657$118,041,029▲ $8,872,372
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$17,560,708$10,890,447▼ $6,670,261
Accounts Payable and Accrued Expenses$55,124$63,144▲ $8,020
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$17,615,832$10,953,591▼ $6,662,241
Net Assets / Fund Balance
Unrestricted Net Assets$90,751,672$106,501,180▲ $15,749,508
Temporarily Rstr Net Assets$801,153$586,258▼ $214,895
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$91,552,825$107,087,438▲ $15,534,613
Total Liabilities and Net Assets / Fund Balance$109,168,657$118,041,029▲ $8,872,372
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jessica Jecmen BrummelExecutive DirectorPT$110,805$110,805

Board Members and Trustees

NameTitle
Cathinka WahlstromPresident/Director
Mark J BruniVice President/Director
Debra A PolishookDirector
Erin M BrannanDirector
Larry SolomonDirector
Martin RodgersDirector
Michael J ReddingDirector
Michelle KrauseDirector
Scott A BrownDirector
Ronald J RobertsSecretary
Karen L BowenTax Counsel
Douglas R ReesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Northern TrustInvestment Manager50 S LaSalle Street, Chicago, IL 60603$221,091
Revenue and Support

Revenue Composition

Contributions and Grants
$4,762,516
Program Service Revenue
$0
Investment Income
$13,582,722
Other Revenue
$0
All Other Contributions
$4,762,516
Change in Net Assets
$15,035,965

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded31,312$3,034,446Fair Market Value (FMV)
Total Noncash Contributions31,312$3,034,446-

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,345,238
Revenue Not Reported on Form 990
$762,150
Total Revenue per Audited Statements
$19,107,388
Total Revenue per Form 990
$18,345,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,933,921
Other Expenses$375,352
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,498,057--$1,498,057
Grants to Domestic Orgs$1,435,864--$1,435,864
Fees for Service Investment Mgmnt Fees$79,481$221,091-$300,572
Fees for Services Accounting$12,900$21,500-$34,400
Information Technology-$16,529-$16,529
Fees for Services Legal-$10,305-$10,305
Conferences and Meetings-$7,717-$7,717
Insurance-$5,791-$5,791
Office Expenses-$38-$38
Total Functional Expenses$3,026,302$282,971$0$3,309,273

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,572,775
Expenses per Audited Statements$3,309,273
Total Expenses per Form 990$3,309,273
Expenses Not Reported on Form 990$263,502
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Save The Children Federation IncE Fairfield, CT501(c)(3)Global Giving Program$1,000,000
University of Notre Dame duLacNotre Dame, IN501(c)(3)Global Giving Program$566,178
Smithsonian Museum of African ArtWashington, DC501(c)(3)Local Giving$75,000
Boys & Girls Clubs of PhiladelphiaPhiladelphia, PA501(c)(3)Local Giving$25,000
Food For Hungry MindsMinneapolis, MN501(c)(3)Employee Giving Campaign$24,010
Karla Smith FoundationShiloh, IL501(c)(3)Employee Giving Campaign$20,693
Wounded Warrior ProjectJacksonville, FL501(c)(3)Employee Giving Campaign$19,687
St Jude Children's Research HospitalMemphis, TN501(c)(3)Employee Giving Campaign$15,946
Dumb Friends LeagueDenver, CO501(c)(3)Employee Giving Campaign$12,000
Syracuse UniversitySyracuse, NY501(c)(3)Employee Giving Campaign$11,051
Light of Life Rescue MissionPittsburgh, PA501(c)(3)Employee Giving Campaign$10,860
Doctors Without Borders USANew York, NY501(c)(3)Employee Giving Campaign$10,531
Hope Community Church of Cary IncRaleigh, NC501(c)(3)Employee Giving Campaign$10,080
Oregon Ballet TheatrePortland, OR501(c)(3)Employee Giving Campaign$10,000
American Cancer SocietyAtlanta, GA501(c)(3)Employee Giving Campaign$8,028
Global ImpactAlexandria, VA501(c)(3)Employee Giving Campaign$7,994
Genesys Works (Chicago)Chicago, IL501(c)(3)Employee Giving Campaign$7,822
Catholic Charities of the East BayOakland, CA501(c)(3)Employee Giving Campaign$7,454
Junior Achievement USAColorado Springs, CO501(c)(3)Employee Giving Campaign$6,594
Genesys Works (Houston)Houston, TX501(c)(3)Employee Giving Campaign$6,492
Cotting School IncLexington, MA501(c)(3)Employee Giving Campaign$6,000
Saint Mary's College of CaliforniaMoraga, CA501(c)(3)Employee Giving Campaign$6,000
Back On My FeetPhiladelphia, PA501(c)(3)Employee Giving Campaign$5,781
Feed My Starving ChildrenCoon Rapids, MN501(c)(3)Employee Giving Campaign$5,484
The Cleveland City MissionCleveland, OH501(c)(3)Employee Giving Campaign$5,448
Angel Fund IncWakefield, MA501(c)(3)Employee Giving Campaign$5,400
Gateway ChurchSouthlake, TX501(c)(3)Employee Giving Campaign$5,400
Kipp Philadelphia Charter SchoolPhiladelphia, PA501(c)(3)Employee Giving Campaign$5,396
Alzheimer's AssociationChicago, IL501(c)(3)Employee Giving Campaign$5,212
Junior Achievement of the Upper Midwest IncMaplewood, MN501(c)(3)Employee Giving Campaign$5,042
Jewish Primary Day School of Nation CapitalWashington, DC501(c)(3)Employee Giving Campaign$5,016

International Summary

Spending
$6,602,140

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmakingDisaster Relief--$2,665,578
South AmericaGrantmaking---$1,393,880
Europe (Including Iceland and Greenland)Grantmaking---$971,000
North AmericaGrantmaking---$675,216
Middle East and North AfricaGrantmaking---$390,000
East Asia and the PacificGrantmaking---$304,885
South AsiaProgram Services---$201,581
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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, Part VI, Section B, Line 11B:

The board of directors has given one director the authority to review and approve form 990 before it is filed. Once it is reviewed by outside legal counsel, the form is reviewed and approved by the tax counsel and the director. Then the form is signed by the tax counsel and a copy is sent to the full board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C:

A conflict of interest disclosure statement is furnished annually to the board by each director, officer and staff member.

Form 990, Part VI, Section C, Line 19:

Governing documents, the conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Accenture Foundation Inc
EIN
36-4296414
In Care Of
% JESSICA JECMEN BRUMMEL
Phone
3126938096
Address
161 North Clark Street, Chicago, IL 60601

Signing Officer

Name
Karen L Bowen
Title
Tax Counsel
Phone
3126938096
Signed
2017-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Jecmen Brummel
Formed
1999
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
0
Employees
0
Volunteers
15

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
205 N Michigan Ave 28th Floor, Chicago, IL 60601-5927
Preparer
Mark Heroux
Phone
3127298000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D - Other Program Services

Local grants - contributions to be used for operating expenses and us grants in support of the foundation mission.

Form 990, Part XII, Line 2C:

The full board of directors reviews and retains oversight of the audit and selection of an independent accountant.

Financial Statement Notes

Schedule D, Part X, Line 2:

The foundation follows the accounting standards for contingencies in evaluating uncertain tax positions. The guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the foundation for uncertain tax positions as of august 31, 2016 or 2015. The foundation's tax returns are subject to review and examination by federal and state authorities.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Cathinka Wahlstrom
IRS990/Form990PartVIISectionAGrp/PersonNm1Michelle Krause
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark J Bruni
IRS990/Form990PartVIISectionAGrp/PersonNm3Martin Rodgers
IRS990/Form990PartVIISectionAGrp/PersonNm4Erin M Brannan
IRS990/Form990PartVIISectionAGrp/PersonNm5Scott A Brown
IRS990/Form990PartVIISectionAGrp/PersonNm6Michael J Redding
IRS990/Form990PartVIISectionAGrp/PersonNm7Debra A Polishook
IRS990/Form990PartVIISectionAGrp/PersonNm8Larry Solomon
IRS990/Form990PartVIISectionAGrp/PersonNm9Douglas R Rees
IRS990/Form990PartVIISectionAGrp/PersonNm10Karen L Bowen
IRS990/Form990PartVIISectionAGrp/PersonNm11Jessica Jecmen Brummel
IRS990/Form990PartVIISectionAGrp/PersonNm12Ronald J Roberts
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Tax Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
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IRS990/MissionDesc0ACCENTURE FOUNDATION, INC. (THE "CHARITY") FOCUSES ON THREE PRIMARY PROGRAM AREAS: (1) EDUCATION, (2) DIGITAL OPPORTUNITIES, AND (3) ENHANCEMENT OF HUMAN LIFE AND WELL-BEING. SPECIFIC PROGRAMS ARE IDENTIFIED AND APPROVED BY THE CHARITY'S BOARD OF DIRECTORS, WHICH ARE DETERMINED TO BE IN FURTHERANCE OF THE CHARITY'S EDUCATIONAL AND CHARITABLE PURPOSES.
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IRS990/PrincipalOfficerNm0Jessica Jecmen Brummel
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IRS990/ProgSrvcAccomActy2Grp/Desc0EMPLOYEE GIVING CAMPAIGN - THE PRIMARY PURPOSE OF THE ACCENTURE EMPLOYEE GIVING CAMPAIGN IS TO PROVIDE A CONVENIENT AND EFFECTIVE WAY FOR ACCENTURE EMPLOYEES TO GIVE TO THE CHARITABLE CAUSES THEY CARE ABOUT.
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IRS990/ProgSrvcAccomActy3Grp/Desc0DISASTER RELIEF - ONE GRANT FOR $201,581 TO A CHARITABLE ORGANIZATION PROVIDING RELIEF TO INDIVIDUALS IMPACTED BY FLOODING IN CHENNAI.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0LOCAL GRANTS - See Schedule O, page 1
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ALTHOUGH THE ACCENTURE FOUNDATION, INC. FAILED TO MEET THE 33 1/3% TEST, IT MEETS THE 10% SUPPORT RULE AND THE FACTS AND CIRCUMSTANCES TEST BASED ON THE FOLLOWING FACTORS: 1. FOR THE TAX YEAR ENDED AUGUST 31, 2016 ACCENTURE FOUNDATION, INC. RECEIVED 28.38% OF ITS SUPPORT FROM THE GENERAL PUBLIC. ADDITIONALLY, 58.86% OF TOTAL SUPPORT OVER THE LAST FIVE YEARS CAME FROM INVESTMENT INCOME FROM INVESTED FUNDS THAT CAME FROM CONTRIBUTIONS FROM THE GENERAL PUBLIC. 2. ACCENTURE FOUNDATION, INC. IS ORGANIZED AND OPERATES TO ATTRACT PUBLIC SUPPORT ON A CONTINUOUS BASIS. 3. THE ACCENTURE FOUNDATION'S BOARD OF DIRECTORS REPRESENTS THE COMMUNITY WHICH IT SERVES. 4. THE ACCENTURE FOUNDATION HAS VARIOUS PROGRAMS FOR FUNDING CHARITABLE WORK FOCUSING IN THREE PRIMARY PROGRAM AREAS: (1) EDUCATION, (2) DIGITAL OPPORTUNITIES, AND (3) ENHANCEMENT OF HUMAN LIFE AND WELL-BEING.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Section C, Line 17A:
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$105$31.3$73.4$9.84$39.3$29.5
2023Detailed filing. Detailed filing data is available for this year.$117$14.5$103$19.2$24.1$4.90
2022Detailed filing. Detailed filing data is available for this year.$120$12.2$108$5.64$24.6$19.0
2021Detailed filing. Detailed filing data is available for this year.$135$8.41$127$15.6$7.68$7.92
2020Detailed filing. Detailed filing data is available for this year.$129$9.83$119$23.3$12.5$10.9
2019Detailed filing. Detailed filing data is available for this year.$118$10.4$108$13.2$9.97$3.26
2018Detailed filing. Detailed filing data is available for this year.$115$9.27$106$2.89$9.65$6.77
2017Detailed filing. Detailed filing data is available for this year.$121$10.5$111$36.9$10.4$26.5
2016Detailed filing. Detailed filing data is available for this year.$118$11.0$107$18.3$3.31$15.0
2015Detailed filing. Detailed filing data is available for this year.$109$17.6$91.6$8.21$20.3$12.0
2014Detailed filing. Detailed filing data is available for this year.$119$11.4$107$15.8$15.7$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$8.26$105$8.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$112$9.64$102$12.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$4.51$103$5.51
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$2.55$90.8$7.66