Civic Intelligence

Etruscan Foundation Inc.

990 • Fiscal year 2017 • EIN 38-6083899

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 24, 2018

PO Box 26Fremont, MI 49412

(231) 519-0675

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.00x

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Net Margin

8th percentile

-46%

Higher net margin than 8% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2017 filings • NTEE A • <$500k nonprofits • Source year 2017

Asset Growth

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

47th percentile

1.0%

Faster revenue growth than 47% of similar nonprofits.

2017 filings • NTEE A • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$463,050

Up $50,268 (+12%) from 2016

Net Assets

Up

$463,050

Up $50,268 (+12%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$67,389

Up $676 (+1.0%) from 2016

Expenses

Down

$98,108

Down $921 (-0.9%) from 2016

Net Income

Up

-$30,719

Up $1,597 (+4.9%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $429,269Liabilities 2011: $0Net Assets 2011: $429,2692011Assets 2012: $438,321Liabilities 2012: $0Net Assets 2012: $438,3212012Assets 2013: $496,584Liabilities 2013: $0Net Assets 2013: $496,5842013Assets 2014: $480,385Liabilities 2014: $0Net Assets 2014: $480,3852014Assets 2015: $445,222Liabilities 2015: $0Net Assets 2015: $445,2222015Assets 2016: $412,782Liabilities 2016: $0Net Assets 2016: $412,7822016Assets 2017: $463,050Liabilities 2017: $0Net Assets 2017: $463,0502017Assets 2018: $391,842Liabilities 2018: $0Net Assets 2018: $391,8422018Assets 2019: $465,348Liabilities 2019: $0Net Assets 2019: $465,3482019Assets 2020: $470,784Liabilities 2020: $0Net Assets 2020: $470,7842020Assets 2021: $510,905Liabilities 2021: $0Net Assets 2021: $510,9052021Assets 2022: $400,941Liabilities 2022: $0Net Assets 2022: $400,9412022Assets 2023: $379,003Liabilities 2023: $0Net Assets 2023: $379,0032023

Highlighted filing

2017

Assets$463,050
Liabilities$0
Net Assets$463,050

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $65,743Expenses 2011: $96,586Net Income 2011: -$30,8432011Revenue 2012: $80,828Expenses 2012: $89,292Net Income 2012: -$8,4642012Revenue 2013: $87,619Expenses 2013: $93,572Net Income 2013: -$5,9532013Revenue 2014: $100,077Expenses 2014: $101,744Net Income 2014: -$1,6672014Revenue 2015: $82,880Expenses 2015: $101,642Net Income 2015: -$18,7622015Revenue 2016: $66,713Expenses 2016: $99,029Net Income 2016: -$32,3162016Revenue 2017: $67,389Expenses 2017: $98,108Net Income 2017: -$30,7192017Revenue 2018: $64,865Expenses 2018: $92,876Net Income 2018: -$28,0112018Revenue 2019: $62,347Expenses 2019: $84,656Net Income 2019: -$22,3092019Revenue 2020: $95,089Expenses 2020: $70,098Net Income 2020: $24,9912020Revenue 2021: $108,817Expenses 2021: $80,773Net Income 2021: $28,0442021Revenue 2022: $90,039Expenses 2022: $100,280Net Income 2022: -$10,2412022Revenue 2023: $68,030Expenses 2023: $109,385Net Income 2023: -$41,3552023

Highlighted filing

2017

Revenue$67,389
Expenses$98,108
Net Income-$30,719
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 24, 2018
Return Version
2017v2.3
Gross Receipts
$234,270
Mission and Program Overview

Mission

Support of research and study of the ancient etruscan civilization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$386,196$431,413▲ $45,217
Cash and Non-Interest-Bearing Accounts$26,586$31,637▲ $5,051
Total Assets$412,782$463,050▲ $50,268
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$246,142-
Unrestricted Net Assets$412,782$216,908▼ $195,874
Total Net Assets Fund Balance$412,782$463,050▲ $50,268
Total Liabilities and Net Assets / Fund Balance$412,782$463,050▲ $50,268
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$38,500
Program Service Revenue
$14,180
Investment Income
$14,464
Other Revenue
$245
All Other Contributions
$38,500
Change in Net Assets
$-30,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,108
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$8,975$6,456-$15,431
Other Expenses$6,029$40,000-$6,029
Conferences and Meetings$1,404$4,214-$5,618
Fees for Services Legal-$2,782-$2,782
Occupancy-$1,800-$1,800
Fees for Services Accounting-$1,440-$1,440
Travel$59$177-$236
Information Technology-$233-$233
Office Expenses$39--$39
Total Functional Expenses$41,006$57,102$0$98,108
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
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
Yes
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the organization's executive committee prior to filing.

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

The executive director's contract is reviewed and renewed annually by the board.

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

The executive director's contract is reviewed and renewed annually by the board.

Form 990, Page 6, Part VI, Line 19

The organization's documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Etruscan Foundation
EIN
38-6083899
Phone
2315190675
Address
PO BOX 26, FREMONT, MI 49412

Signing Officer

Name
Kenneth B Katz
Title
President
Phone
2315190675
Signed
2018-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth B Katz
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
H&s Companies Pc
Address
PO BOX 9, FREMONT, MI 49412
Preparer
Daniel R Slate
Phone
2319246890
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Investment fees 5,234 0 0 conservation fellowship 3,000 0 0 printing 0 1,878 0 advertising 416 1,249 0 bank charges 0 1,106 0 miscellaneous 0 1,098 0 postage 0 662 0 insurance 0 443 0 aia etruscan interest 255 0 0 membership 70 0 0 non profit annual report 0 20 0 total 8,975 6,456 0

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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S CONTRACT IS REVIEWED AND RENEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S CONTRACT IS REVIEWED AND RENEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INVESTMENT FEES 5,234 0 0 CONSERVATION FELLOWSHIP 3,000 0 0 PRINTING 0 1,878 0 ADVERTISING 416 1,249 0 BANK CHARGES 0 1,106 0 MISCELLANEOUS 0 1,098 0 POSTAGE 0 662 0 INSURANCE 0 443 0 AIA ETRUSCAN INTEREST 255 0 0 MEMBERSHIP 70 0 0 NON PROFIT ANNUAL REPORT 0 20 0 TOTAL 8,975 6,456 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt098108
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IRS990/TotalProgramServiceRevenueAmt014180
IRS990/TotalRevenueGrp/ExclusionAmt07265
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067389
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0463050
IRS990/TravelGrp/ManagementAndGeneralAmt0177
IRS990/TravelGrp/ProgramServicesAmt059
IRS990/TravelGrp/TotalAmt0236
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0412782
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0216908
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IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048201
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0ETRUSCANFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH B KATZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02315190675
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE ETRUSCAN FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ETRU
ReturnHeader/Filer/EIN0386083899
ReturnHeader/Filer/PhoneNum02315190675
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 26
ReturnHeader/Filer/USAddress/CityNm0FREMONT
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03315BD3D6C9A4DCD7BAD73FE104ACCD00E7A75A3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId041066DB5E9A0763B25EA71162A7B79AE140B428E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.234.102.206
ReturnHeader/FilingSecurityInformation/IPDt02018-05-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:59:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382563599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0H&S COMPANIES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FREMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049412
ReturnHeader/PreparerPersonGrp/PhoneNum02319246890
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL R SLATE
ReturnHeader/ReturnTs02018-05-24T14:59:08-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.79$0.00$3.79$0.68$1.09$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.01$0.00$4.01$0.90$1.00$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.00$5.11$1.09$0.81$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.71$0.00$4.71$0.95$0.70$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$0.00$4.65$0.62$0.85$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.00$3.92$0.65$0.93$0.28
2017Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$0.67$0.98$0.31
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.13$0.00$4.13$0.67$0.99$0.32
2015Summary only. Only limited summary data is available for this year.$4.45$0.00$4.45$0.83$1.02$0.19
2014Summary only. Only limited summary data is available for this year.$4.80$0.00$4.80$1.00$1.02$0.02
2013Summary only. Only limited summary data is available for this year.$4.97$0.00$4.97$0.88$0.94$0.06
2012Summary only. Only limited summary data is available for this year.$4.38$0.00$4.38$0.81$0.89$0.08
2011Summary only. Only limited summary data is available for this year.$4.29$0.00$4.29$0.66$0.97$0.31
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits