Civic Intelligence

Tcf Foundation

990 • Fiscal year 2022 • EIN 36-4373348

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 18, 2023

PO Box 930808Wixom, MI 48393

(917) 837-9540

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

5th percentile

-71%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

7th percentile

-20%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-61%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,649,419

Down $677,258 (-20%) from 2021

Net Assets

Down

$2,649,268

Down $675,798 (-20%) from 2021

Liabilities

Down

$151

Down $1,460 (-91%) from 2021

Revenue

Down

$88,265

Down $137,458 (-61%) from 2021

Expenses

Up

$151,045

Up $4,999 (+3.4%) from 2021

Net Income

Down

-$62,780

Down $142,457 (-179%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,866,291Liabilities 2011: $115Net Assets 2011: $1,866,1762011Assets 2012: $2,033,145Liabilities 2012: $590Net Assets 2012: $2,032,5552012Assets 2013: $2,283,908Liabilities 2013: $0Net Assets 2013: $2,283,9082013Assets 2014: $2,318,991Liabilities 2014: $0Net Assets 2014: $2,318,9912014Assets 2015: $2,221,447Liabilities 2015: $0Net Assets 2015: $2,221,4472015Assets 2016: $2,349,515Liabilities 2016: $158Net Assets 2016: $2,349,3572016Assets 2017: $2,613,553Liabilities 2017: $0Net Assets 2017: $2,613,5532017Assets 2018: $2,435,559Liabilities 2018: $53,202Net Assets 2018: $2,382,3572018Assets 2019: $2,780,125Liabilities 2019: $5,721Net Assets 2019: $2,774,4042019Assets 2020: $3,110,357Liabilities 2020: $0Net Assets 2020: $3,110,3572020Assets 2021: $3,326,677Liabilities 2021: $1,611Net Assets 2021: $3,325,0662021Assets 2022: $2,649,419Liabilities 2022: $151Net Assets 2022: $2,649,2682022Assets 2023: $2,962,102Liabilities 2023: $391Net Assets 2023: $2,961,7112023Assets 2024: $4,169,902Liabilities 2024: $0Net Assets 2024: $4,169,9022024

Highlighted filing

2022

Assets$2,649,419
Liabilities$151
Net Assets$2,649,268

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $113,1682011Expenses 2012: $111,0572012Revenue 2013: $102,861Expenses 2013: $110,688Net Income 2013: -$7,8272013Revenue 2014: $96,123Expenses 2014: $112,128Net Income 2014: -$16,0052014Revenue 2015: $104,651Expenses 2015: $108,047Net Income 2015: -$3,3962015Revenue 2016: $203,641Expenses 2016: $126,498Net Income 2016: $77,1432016Revenue 2017: $126,068Expenses 2017: $126,999Net Income 2017: -$9312017Revenue 2018: $186,816Expenses 2018: $132,115Net Income 2018: $54,7012018Revenue 2019: $296,669Expenses 2019: $137,464Net Income 2019: $159,2052019Revenue 2020: $227,739Expenses 2020: $141,668Net Income 2020: $86,0712020Revenue 2021: $225,723Expenses 2021: $146,046Net Income 2021: $79,6772021Revenue 2022: $88,265Expenses 2022: $151,045Net Income 2022: -$62,7802022Revenue 2023: $133,204Expenses 2023: $150,140Net Income 2023: -$16,9362023Revenue 2024: $1,175,140Expenses 2024: $149,245Net Income 2024: $1,025,8952024

Highlighted filing

2022

Revenue$88,265
Expenses$151,045
Net Income-$62,780
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$231,899
Mission and Program Overview

Mission

To receive gifts, hold charitable assets and make grants in support of the mission of The Compassionate Friends, Inc., a related exempt organization.

To support the programs and activities of The Compassionate Friends, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,152,325$2,472,508▼ $679,817
Cash and Non-Interest-Bearing Accounts$24,352$26,911▲ $2,559
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$3,326,677$2,649,419▼ $677,258
Other Assets Total$150,000$150,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,611$151▼ $1,460
Other Liabilities$0$0→ $0
Total Liabilities$1,611$151▼ $1,460
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,325,066$2,649,268▼ $675,798
Total Net Assets Fund Balance$3,325,066$2,649,268▼ $675,798
Total Liabilities and Net Assets / Fund Balance$3,326,677$2,649,419▼ $677,258

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$150,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,325,066$20,706▼ $545,459-$2,649,268
2021$3,110,357$30,161▲ $330,594-$3,325,066
2020$2,774,404$25,811▲ $451,810-$3,110,357
2019$2,382,357$56,371▲ $473,140-$2,774,404
2018$2,613,553$29,287▼ $128,368-$2,382,357
Compensation and Service Providers

Board Members and Trustees

NameTitle
-President/Trustee
-Vice President/Trustee
-Secretary/Trustee
-Secretary/Trustee (part year)
-Treasurer/Trustee
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$20,706
Program Service Revenue
$0
Investment Income
$67,559
Other Revenue
$0
All Other Contributions
$20,706
Change in Net Assets
$-62,780

Audited Revenue Reconciliation

Revenue per Audited Statements
$83,498
Revenue Not Reported on Financial Statements
$4,767
Revenue Not Reported on Form 990
$-613,018
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$-529,520
Total Revenue per Form 990
$88,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,590
Other Expenses$21,455
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$129,590--$129,590
Fees for Services Accounting-$12,271-$12,271
Fees for Service Investment Mgmnt Fees-$4,767-$4,767
Fees for Services Legal-$2,992-$2,992
Insurance-$1,053-$1,053
Office Expenses-$330-$330
Information Technology-$42-$42
Total Functional Expenses$129,590$21,455$0$151,045

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$151,045
Expenses per Audited Statements$146,278
Total Expenses per Audited Statements$146,278
Expenses Not Reported on Financial Statements$4,767
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Compassionate Friends IncWixom, MI501(c)(3)General Support$129,590
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-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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 35% controlled entity
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

The Executive Committee is made up of the President, the Vice President, the Treasurer and the Secretary. Typically, the President and the Treasurer provide signed authorization on the pre-determined quarterly release of the Foundation's pledged funds to The Compassionate Friends, Inc. However, in order to have coverage for signing authority at all times, any two of the four members of the Executive Committee may, in emergency circumstances, authorize the pre-determined release of the Foundation's pledged funds to The Compassionate Friends, Inc. upon the quarterly due payment date. This is done in writing to the fund manager.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The Compassionate Friends, Inc., a related organization, nominates 3 of the 7 Foundation board members.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Amendments to the Articles of Incorporation or Bylaws shall not be effective until approved by the board of directors of The Compassionate Friends.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 is prepared by an independent CPA firm. The trustees have designated the preliminary and primary responsibilities for the preparation, detail review and approval of the Form 990 to the President and Treasurer of the Board. A copy of the Form 990 is submitted to all trustees prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

On an annual basis, each trustee must sign a conflict of interest statement. The signed statements are reviewed at the board meetings. During the course of the year, as matters of potential conflict arise and are disclosed, the governing body will discuss the issues and vote on them, without the interested person present. Records of proceedings are documented in the minutes of the governing board and all committees with board-delegated powers.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request and at the discretion of management.

Filing and Contact Details

Filer

Filer Name
TCF Foundation
EIN
36-4373348
Phone
9178379540
Address
PO Box 930808, Wixom, MI 48393

Signing Officer

Name
John Santoro
Title
President
Phone
9178379540
Signed
2023-10-18
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Capin Crouse LLP
Address
55 Shuman Blvd Suite 300, Naperville, IL 60563
Preparer
Sara Tibbott
Phone
5055022746
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The intended use for the endowment fund is to support the mission of The Compassionate Friends, Inc. All amounts unrestricted by donors become board-designated for the ultimate benefit of The Compassionate Friends, Inc.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Compassionate Friends, Inc. (TCF Inc) is the sole beneficiary of funds raised, managed by, and distributed by TCF Foundation. In addition, the bylaws of TCF Foundation provide for substantial oversight by the board of directors of TCF Inc. over TCF Foundation and significant influence over its day-to-day operations. Specifically, TCF Inc.'s board of directors appoints three members of the seven-member board, while the remaining members are elected by all TCF Foundation trustees. The CEO of TCF Inc has notice and attendance rights at all meetings of the TCF Foundation's Board of Trustees, and TCF Inc.'s senior leadership, board President and board Treasurer are routinely invited to participate in TCF Foundation meetings. Two members of TCF Foundation's board are members of TCF Inc.'s Finance Committee. The four Foundation Trustees elected by all TCF Foundation Trustees are typically former members of the TCF Inc. board of directors. As noted, TCF Inc.'s board of directors has power over changes to TCF Foundation's bylaws, and, in routine operations, TCF Inc's board of directors and TCF Foundation's board of trustees work collaboratively on major TCF programs, including its signature event, the annual TCF national convention.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section B, Line 1 Power to elect or appoint
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0129590
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0The Compassionate Friends Inc
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02649268
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0129295
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-545459
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-128368
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04767
IRS990ScheduleD/ExpensesSubtotalAmt0146278
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt04767
IRS990ScheduleD/InvestmentExpensesNotIncldAmt04767
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-613018
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0150000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from related party
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IRS990ScheduleD/OtherExpensesNotIncludedAmt00
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04767
IRS990ScheduleD/RevenueSubtotalAmt083498
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The intended use for the endowment fund is to support the mission of The Compassionate Friends, Inc. All amounts unrestricted by donors become board-designated for the ultimate benefit of The Compassionate Friends, Inc.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.0
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0150000
IRS990ScheduleD/TotalExpensesPerForm990Amt0151045
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-529520
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0146278
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0129590
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Compassionate Friends Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0362968329
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 930808
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Wixom
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048393
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Board of Trustees monitors the use of grant funds and receives quarterly financial reports that include amounts paid out in the form of grants.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Committee is made up of the President, the Vice President, the Treasurer and the Secretary. Typically, the President and the Treasurer provide signed authorization on the pre-determined quarterly release of the Foundation's pledged funds to The Compassionate Friends, Inc. However, in order to have coverage for signing authority at all times, any two of the four members of the Executive Committee may, in emergency circumstances, authorize the pre-determined release of the Foundation's pledged funds to The Compassionate Friends, Inc. upon the quarterly due payment date. This is done in writing to the fund manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Compassionate Friends, Inc., a related organization, nominates 3 of the 7 Foundation board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Amendments to the Articles of Incorporation or Bylaws shall not be effective until approved by the board of directors of The Compassionate Friends.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990 is prepared by an independent CPA firm. The trustees have designated the preliminary and primary responsibilities for the preparation, detail review and approval of the Form 990 to the President and Treasurer of the Board. A copy of the Form 990 is submitted to all trustees prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5On an annual basis, each trustee must sign a conflict of interest statement. The signed statements are reviewed at the board meetings. During the course of the year, as matters of potential conflict arise and are disclosed, the governing body will discuss the issues and vote on them, without the interested person present. Records of proceedings are documented in the minutes of the governing board and all committees with board-delegated powers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request and at the discretion of management.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 1a Delegate broad authority to a committee
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Compassionate Friends Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362968329
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Grief Support
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 930808
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.00$4.17$1.18$0.15$1.03
2023Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.13$0.15$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.65$0.00$2.65$0.09$0.15$0.06
2021Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.33$0.23$0.15$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$0.00$3.11$0.23$0.14$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.01$2.77$0.30$0.14$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.05$2.38$0.19$0.13$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.61$0.00$2.61$0.13$0.13$0.00
2016Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$0.20$0.13$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.10$0.11$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.10$0.11$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$0.10$0.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.00$1.87$0.11