Civic Intelligence

Real Life 101 Scholarship Fund

990 • Fiscal year 2014 • EIN 38-3412810

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 08, 2015

30500 Van Dyke No 701Warren, MI 48093

(586) 574-2000

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-14%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$126,462

Up $11,929 (+10%) from 2013

Net Assets

Up

$126,462

Up $11,929 (+10%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$456,811

Down $74,543 (-14%) from 2013

Expenses

Down

$444,882

Down $52,894 (-11%) from 2013

Net Income

Down

$11,929

Down $21,649 (-64%) from 2013

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2011: $161,618Liabilities 2011: $0Net Assets 2011: $161,6182011Assets 2012: $90,955Liabilities 2012: $0Net Assets 2012: $90,9552012Assets 2013: $114,533Liabilities 2013: $0Net Assets 2013: $114,5332013Assets 2014: $126,462Liabilities 2014: $0Net Assets 2014: $126,4622014Assets 2015: $60,635Liabilities 2015: $0Net Assets 2015: $60,6352015Assets 2016: $14,593Liabilities 2016: $97,680Net Assets 2016: -$83,0872016

Highlighted filing

2014

Assets$126,462
Liabilities$0
Net Assets$126,462

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $436,458Expenses 2011: $422,362Net Income 2011: $14,0962011Revenue 2012: $503,938Expenses 2012: $564,601Net Income 2012: -$60,6632012Revenue 2013: $531,354Expenses 2013: $497,776Net Income 2013: $33,5782013Revenue 2014: $456,811Expenses 2014: $444,882Net Income 2014: $11,9292014Revenue 2015: $509,118Expenses 2015: $571,513Net Income 2015: -$62,3952015Revenue 2016: $329,031Expenses 2016: $472,753Net Income 2016: -$143,7222016

Highlighted filing

2014

Revenue$456,811
Expenses$444,882
Net Income$11,929
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$477,945
Mission and Program Overview

Mission

Provide scholarships to at-risk college bound students

Provide scholarships to at-risk college bound students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$61,827$63,556▲ $1,729
Savings and Temporary Cash Investments$36,231$46,001▲ $9,770
Cash and Non-Interest-Bearing Accounts$16,475$16,905▲ $430
Total Assets$114,533$126,462▲ $11,929
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$104,533$126,462▲ $21,929
Temporarily Rstr Net Assets$10,000$0▼ $10,000
Total Net Assets Fund Balance$114,533$126,462▲ $11,929
Total Liabilities and Net Assets / Fund Balance$114,533$126,462▲ $11,929

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,144--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$460,138
Program Service Revenue
$0
Investment Income
$1,807
Other Revenue
$-5,134
All Other Contributions
$382,762
Change in Net Assets
$11,929

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
Other Non Cash Contri Table17$83,500Fair Market Value (FMV)
Other Non Cash Contri Table1$5,000Fair Market Value (FMV)
Other Non Cash Contri Table150$1,800Fair Market Value (FMV)
Total Noncash Contributions168$90,300-

Audited Revenue Reconciliation

Revenue per Audited Statements
$456,811
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,134
Total Revenue per Audited Statements
$477,945
Total Revenue per Form 990
$456,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$291,123
Other Expenses$143,427
Total Fundraising Expense$18,417
Salaries, Compensation, and Employee Benefits$10,332
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$291,123--$291,123
Occupancy-$10,842-$10,842
Fees for Services Other-$10,065-$10,065
Other Salaries and Wages-$8,018-$8,018
All Other Expenses-$6,721-$6,721
Other Expenses$33,468$4,817$13,368$4,817
Fees for Services Accounting-$3,900-$3,900
Office Expenses-$2,874-$2,874
Payroll Taxes-$2,314-$2,314
Insurance-$1,951-$1,951
Travel-$523-$523
Total Functional Expenses$370,035$56,430$18,417$444,882

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$466,016
Expenses per Audited Statements$444,882
Total Expenses per Form 990$444,882
Expenses Not Reported on Form 990$21,134
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,134
Fundraising Gross Income$16,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$93,376$16,000$21,134$-5,134
Total Events$93,376$16,000$21,134$-5,134
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Director sid taylor is the spouse of the organization's executive director (donna taylor), and father of organization's program manager (t. Taylor)

Form 990, Part VI, Section B, Line 11

Organization will review form 990 with board members upon the member's request

Form 990, Part VI, Section C, Line 19

All required information is available on the organization's web site & is published in annual prospectus.

Filing and Contact Details

Filer

Filer Name
Real Life 101 Scholarship Fund
EIN
38-3412810
Phone
5865742000
Address
30500 VAN DYKE NO 701, WARREN, MI 48093

Signing Officer

Name
Sid E Taylor
Title
President
Phone
5865742000
Signed
2015-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sid E Taylor
Formed
1998
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
25

Preparer

Firm
Gordon Advisors Pc
Address
1301 WEST LONG LAKE ROAD SUITE 200, TROY, MI 48098
Preparer
Kevin Klein CPA
Phone
2489520200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Professional standards now require an evaluation of whether a tax position reported on a tax return is more likely than not to be sustained if challenged. Management believes no such positions exist that would have significant impact on real life 101 scholarship fund's financial position and results of operations. As of december 31, 2014 and 2013, no liability for unrecognized tax benefit was required to be recorded.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising direct expenses form 990, part viii, line 8b

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising direct expenses form 990, part viii, line 8b

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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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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt011929
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0477945
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036231
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0382762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0426437
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0401700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0356145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0211151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01778195
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01807
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02123
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0135
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05432
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0421740
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.72870
IRS990ScheduleA/PublicSupportPY170Pct00.90990
IRS990ScheduleA/PublicSupportTotal170Amt01299744
IRS990ScheduleA/SubstantialContributorsTotAmt0478451
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0382762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0426437
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0401700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0356145
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0211151
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01778195
IRS990ScheduleA/TotalSupportAmt01783627
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt021134
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0444882
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt021134
IRS990ScheduleD/OtherRevenueAmt021134
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt062412
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11144
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MERRILL LYNCH ST INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MERRILL LYNCH ENDOWMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt021134
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0456811
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL STANDARDS NOW REQUIRE AN EVALUATION OF WHETHER A TAX POSITION REPORTED ON A TAX RETURN IS MORE LIKELY THAN NOT TO BE SUSTAINED IF CHALLENGED. MANAGEMENT BELIEVES NO SUCH POSITIONS EXIST THAT WOULD HAVE SIGNIFICANT IMPACT ON REAL LIFE 101 SCHOLARSHIP FUND'S FINANCIAL POSITION AND RESULTS OF OPERATIONS. AS OF DECEMBER 31, 2014 AND 2013, NO LIABILITY FOR UNRECOGNIZED TAX BENEFIT WAS REQUIRED TO BE RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING DIRECT EXPENSES FORM 990, PART VIII, LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING DIRECT EXPENSES FORM 990, PART VIII, LINE 8B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt063556
IRS990ScheduleD/TotalExpensesPerForm990Amt0444882
IRS990ScheduleD/TotalRevenuePerForm990Amt0456811
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0477945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0466016
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt077376
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt077376
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021134
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt093376
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt093376
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-5134
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021134
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021134
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0291123
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS, COMPUTERS AND OTHER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS, COMPUTERS AND OTHER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt090300
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIPS, COMPUTERS AND BAGS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL DISBURSEMENTS ARE MADE DIRECTLY TO RECIPIENT'S SCHOOL. LAPTOP COMPUTER RECIPIENTS MUST BE PHYSICALLY PRESENT AT AWARDS FUNCTION TO RECEIVE COMPUTER
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PT 1 LINE 2
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt017
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt2150
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0SCHOLARSHIPS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SPEAKING FEE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2SPORTING TICKETS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt083500
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt15000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt21800
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTOR SID TAYLOR IS THE SPOUSE OF THE ORGANIZATION'S EXECUTIVE DIRECTOR (DONNA TAYLOR), AND FATHER OF ORGANIZATION'S PROGRAM MANAGER (T. TAYLOR)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION WILL REVIEW FORM 990 WITH BOARD MEMBERS UPON THE MEMBER'S REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL REQUIRED INFORMATION IS AVAILABLE ON THE ORGANIZATION'S WEB SITE & IS PUBLISHED IN ANNUAL PROSPECTUS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11

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