Civic Intelligence

Akoben Foundation Inc

990 • Fiscal year 2016 • EIN 36-4730403

Aug 01, 2015 to Jul 31, 2016 • Filed on Feb 23, 2017

2601 N Howard StreetBaltimore, MD 21218

(410) 752-7051

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

90th percentile

$43,076

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 27.6% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$93,765

No earlier filing loaded for comparison.

Net Assets

$93,765

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$155,964

No earlier filing loaded for comparison.

Expenses

$128,230

No earlier filing loaded for comparison.

Net Income

$27,734

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.

$100K$50K$0Assets 2016: $93,765Liabilities 2016: $0Net Assets 2016: $93,7652016Assets 2017: $68,881Liabilities 2017: $0Net Assets 2017: $68,8812017

Highlighted filing

2016

Assets$93,765
Liabilities$0
Net Assets$93,765

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2016: $155,964Expenses 2016: $128,230Net Income 2016: $27,7342016Revenue 2017: $114,826Expenses 2017: $139,710Net Income 2017: -$24,8842017

Highlighted filing

2016

Revenue$155,964
Expenses$128,230
Net Income$27,734
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Feb 23, 2017
Return Version
2015v3.0
Gross Receipts
$383,081
Mission and Program Overview

Mission

Our mission is to ensure that all early learners are fully equipped with the literacy skills necessary to read at or above grade level by the end of 3rd grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,678$59,497▲ $13,819
Cash and Non-Interest-Bearing Accounts$20,353$34,268▲ $13,915
Total Assets$66,031$93,765▲ $27,734
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$66,031$93,765▲ $27,734
Total Net Assets Fund Balance$66,031$93,765▲ $27,734
Total Liabilities and Net Assets / Fund Balance$66,031$93,765▲ $27,734
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ryan a TurnerExecutive DiFT$43,076$43,076

Board Members and Trustees

NameTitle
William J BlattChairman
Brian J ShanbacherBoard Member
Carla D BlackwellBoard Member
Hargun GrewalBoard Member
Katharina FurrsSecretary
Alisha SparksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$158,410
Program Service Revenue
$0
Investment Income
$-2,446
Other Revenue
$0
All Other Contributions
$158,410
Change in Net Assets
$27,734

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 Amount
Securities Publicly Traded2$147,788
Total Noncash Contributions2$147,788
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$79,177
Other Expenses$49,053
Total Fundraising Expense$14,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$32,307$4,308$6,461$43,076
Other Salaries and Wages$29,555--$29,555
Fees for Services Accounting-$14,775-$14,775
Payroll Taxes$5,667$352$527$6,546
Occupancy-$4,546-$4,546
Other Expenses$3,366$703$2,500$3,203
All Other Expenses$2,024$1,031-$3,055
Fees for Service Investment Mgmnt Fees-$1,724-$1,724
Office Expenses-$659-$659
Advertising-$392-$392
Information Technology-$336-$336
Travel-$28-$28
Total Functional Expenses$81,475$32,174$14,581$128,230
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
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, Page 6, Part VI, Line 11B

Form 990 is prepared by an outside accounting firm. Before submission to the irs, the completed form 990 is shared with all members of the board of directors. The completed form 990 must be approved by ryan turner, executive director, bill blatt, chairman of the board, and alisha sparks, treasurer, prior to submission.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by periodically reviewing, at a minimum, the following subjects: a) whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. B) whether partnerships, joint ventures, and arrangements with management corporations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurnment, impermissible private benefit or in an excess benefit transaction.

Form 990, Page 6, Part VI, Line 15A

The executive director's total compensation was determined by looking at executive director salary and benefit information available on the internet, considering the size of the target budget for akoben, the amount of direct supervisory activity (including the number of annual hires required), as well as other relevant data. The chairman of the board developed an average view of the salary and benefits scale for the baltimore area, and then picked a number commensurate with the executive director's experience level. The amount of the executive director's proposed salary and his performance over the previous 15 months were discussed at the march 28, 2016 board meeting (the executive director was excused from the meeting for this discussion). After a healthy discussion on those topics, the board voted to approve the executive director's current salary. There are no benefits of any kind other than payroll taxes. None of the board members are paid or related to the executive director in any way.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Akoben Foundation Inc
EIN
36-4730403
Phone
4107527051
Address
2601 N HOWARD STREET, BALTIMORE, MD 21218

Signing Officer

Name
Ryan a Turner
Title
Executive Director
Phone
4102313391
Signed
2017-02-23

Organization Details

Principal Officer
Ryan a Turner
Formed
2012
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
6
Employees
11
Volunteers
32

Preparer

Firm
SCHNEIDER & COMPANY CPA'S PC
Address
6 CAMPUS DRIVE, PARSIPPANY, NJ 07054
Preparer
Warren M Schneider
Phone
9736831100
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Akoben's volunteer's include guest readers, event voluteers and outreach volunteers.

Raw XML Appendix344 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AKOBEN'S VOLUNTEER'S INCLUDE GUEST READERS, EVENT VOLUTEERS AND OUTREACH VOLUNTEERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. BEFORE SUBMISSION TO THE IRS, THE COMPLETED FORM 990 IS SHARED WITH ALL MEMBERS OF THE BOARD OF DIRECTORS. THE COMPLETED FORM 990 MUST BE APPROVED BY RYAN TURNER, EXECUTIVE DIRECTOR, BILL BLATT, CHAIRMAN OF THE BOARD, AND ALISHA SPARKS, TREASURER, PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY PERIODICALLY REVIEWING, AT A MINIMUM, THE FOLLOWING SUBJECTS: A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT CORPORATIONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INURNMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S TOTAL COMPENSATION WAS DETERMINED BY LOOKING AT EXECUTIVE DIRECTOR SALARY AND BENEFIT INFORMATION AVAILABLE ON THE INTERNET, CONSIDERING THE SIZE OF THE TARGET BUDGET FOR AKOBEN, THE AMOUNT OF DIRECT SUPERVISORY ACTIVITY (INCLUDING THE NUMBER OF ANNUAL HIRES REQUIRED), AS WELL AS OTHER RELEVANT DATA. THE CHAIRMAN OF THE BOARD DEVELOPED AN AVERAGE VIEW OF THE SALARY AND BENEFITS SCALE FOR THE BALTIMORE AREA, AND THEN PICKED A NUMBER COMMENSURATE WITH THE EXECUTIVE DIRECTOR'S EXPERIENCE LEVEL. THE AMOUNT OF THE EXECUTIVE DIRECTOR'S PROPOSED SALARY AND HIS PERFORMANCE OVER THE PREVIOUS 15 MONTHS WERE DISCUSSED AT THE MARCH 28, 2016 BOARD MEETING (THE EXECUTIVE DIRECTOR WAS EXCUSED FROM THE MEETING FOR THIS DISCUSSION). AFTER A HEALTHY DISCUSSION ON THOSE TOPICS, THE BOARD VOTED TO APPROVE THE EXECUTIVE DIRECTOR'S CURRENT SALARY. THERE ARE NO BENEFITS OF ANY KIND OTHER THAN PAYROLL TAXES. NONE OF THE BOARD MEMBERS ARE PAID OR RELATED TO THE EXECUTIVE DIRECTOR IN ANY WAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt066031
IRS990/TotalAssetsEOYAmt093765
IRS990/TotalAssetsGrp/BOYAmt066031
IRS990/TotalAssetsGrp/EOYAmt093765
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0158410
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014581
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032174
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt081475
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt066031
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt093765
IRS990/TotalProgramServiceExpensesAmt081475
IRS990/TotalReportableCompFromOrgAmt043076
IRS990/TotalRevenueGrp/ExclusionAmt0-74
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-2372
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0155964
IRS990/TotalVolunteersCnt032
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066031
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt093765
IRS990/TravelGrp/ManagementAndGeneralAmt028
IRS990/TravelGrp/TotalAmt028
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt066031
IRS990/UnrestrictedNetAssetsGrp/EOYAmt093765
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04438 MAPLE WOOD DRIVE
IRS990/USAddress/CityNm0BALTIMORE
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021229
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0[email protected]
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN A TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04102313391
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKOBEN FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AKOB
ReturnHeader/Filer/EIN0364730403
ReturnHeader/Filer/PhoneNum04107527051
ReturnHeader/Filer/USAddress/AddressLine1Txt02601 N HOWARD STREET
ReturnHeader/Filer/USAddress/CityNm0BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021218
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223341629
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHNEIDER & COMPANY CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 CAMPUS DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARSIPPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007054
ReturnHeader/PreparerPersonGrp/PhoneNum09736831100
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WARREN M SCHNEIDER
ReturnHeader/ReturnTs02017-03-15T12:41:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

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