Civic Intelligence

Somerville High School Scholarship Foundation

990 • Fiscal year 2017 • EIN 41-1672278

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization ProfileN/A
PO Box 440275Somerville, MA 02144

(617) 947-0815

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.17x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

60th percentile

6.7%

Faster asset growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Up

$2,214,184

Up $138,613 (+6.7%) from 2016

Net Assets

Up

$2,168,057

Up $154,858 (+7.7%) from 2016

Liabilities

Down

$46,127

Down $16,245 (-26%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin93rd percentile

Revenue

Down

$265,633

Down $80,741 (-23%) from 2016

Expenses

Up

$110,775

Up $36,844 (+50%) from 2016

Net Income

Down

$154,858

Down $117,585 (-43%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $1,791,637Liabilities 2014: $310,869Net Assets 2014: $1,480,7682014Assets 2015: $1,808,690Liabilities 2015: $67,834Net Assets 2015: $1,740,8562015Assets 2016: $2,075,571Liabilities 2016: $62,372Net Assets 2016: $2,013,1992016Assets 2017: $2,214,184Liabilities 2017: $46,127Net Assets 2017: $2,168,0572017Assets 2018: $2,074,922Liabilities 2018: $12,262Net Assets 2018: $2,062,6602018Assets 2019: $2,378,661Liabilities 2019: $22,665Net Assets 2019: $2,355,9962019Assets 2020: $2,541,513Liabilities 2020: -$7,650Net Assets 2020: $2,549,1632020Assets 2021: $2,907,122Liabilities 2021: -$4,019Net Assets 2021: $2,911,1412021Assets 2022: $2,729,957Liabilities 2022: -$1,530Net Assets 2022: $2,731,4872022Assets 2023: $2,716,303Liabilities 2023: $14,354Net Assets 2023: $2,701,9492023Assets 2024: $3,067,415Liabilities 2024: $53,519Net Assets 2024: $3,013,8962024

Highlighted filing

2017

Assets$2,214,184
Liabilities$46,127
Net Assets$2,168,057
Open 2017 Filing

Operations Trend

Revenue Growth11th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $222,237Expenses 2014: $65,258Net Income 2014: $156,9792014Revenue 2015: $364,149Expenses 2015: $104,060Net Income 2015: $260,0892015Revenue 2016: $346,374Expenses 2016: $73,931Net Income 2016: $272,4432016Revenue 2017: $265,633Expenses 2017: $110,775Net Income 2017: $154,8582017Revenue 2018: $51,520Expenses 2018: $158,917Net Income 2018: -$107,3972018Revenue 2019: $392,827Expenses 2019: $99,492Net Income 2019: $293,3352019Revenue 2020: $313,613Expenses 2020: $120,445Net Income 2020: $193,1682020Revenue 2021: $510,550Expenses 2021: $148,572Net Income 2021: $361,9782021Revenue 2022: -$91,788Expenses 2022: $87,866Net Income 2022: -$179,6542022Revenue 2023: $60,279Expenses 2023: $89,818Net Income 2023: -$29,5392023Revenue 2024: $444,036Expenses 2024: $132,089Net Income 2024: $311,9472024

Highlighted filing

2017

Revenue$265,633
Expenses$110,775
Net Income$154,858
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$1,086,943
Mission and Program Overview

Mission

.

. Provide scholarships to graduates of somerville high school, somerville, ma

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,397,678$2,005,105▲ $607,427
Savings and Temporary Cash Investments$653,755--
Cash and Non-Interest-Bearing Accounts$24,138$209,079▲ $184,941
Total Assets$2,075,571$2,214,184▲ $138,613
Liabilities
Grants Payable$62,372$46,127▼ $16,245
Total Liabilities$62,372$46,127▼ $16,245
Net Assets / Fund Balance
Unrestricted Net Assets$2,013,199$2,168,057▲ $154,858
Total Net Assets Fund Balance$2,013,199$2,168,057▲ $154,858
Total Liabilities and Net Assets / Fund Balance$2,075,571$2,214,184▲ $138,613
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Joseph FavaloroPresident
Anthony AccardiVice President
David WilleyCo-treasurer
Maureen RobichauxCo-treasurer
Noreen SantucciCorresponding Secretary
Sylvia PinkhamRecording Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$26,051
Program Service Revenue
$0
Investment Income
$228,594
Other Revenue
$10,988
All Other Contributions
$26,051
Change in Net Assets
$154,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$85,200
Other Expenses$25,575
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$85,200--$85,200
Fees for Service Investment Mgmnt Fees$0$20,069$0$20,069
Fees for Services Accounting$0$4,425$0$4,425
Office Expenses$866$0$0$866
Insurance$0$215$0$215
Total Functional Expenses$86,066$24,709$0$110,775
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$23,725
Gaming Direct Expenses$12,987
Fundraising Gross Income$250
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Somerville High School Scholarship Foundation Inc
EIN
41-1672278
Phone
6179470815
Address
PO BOX 440275, SOMERVILLE, MA 02144

Signing Officer

Name
David Willey
Title
Treasurer
Phone
6179470815
Signed
2018-05-15

Organization Details

Principal Officer
David Willey
Formed
2010
Legal Domicile
Ma
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
43

Preparer

Firm
James Associates
Address
401 Highland Ave, Somerville, MA 02144-2516
Preparer
Raymond L James
Phone
6176254939
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Treasurer review form 990 with accountant”

Pt VI, Line 2

“The financial advisor from Merrill Lynch is the son of a member of the Board of Directors.”

Pt VI, Line 6

“MEMBERS”

Raw XML Appendix316 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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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.174.181.118
ReturnHeader/FilingSecurityInformation/IPDt02018-06-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:36:08
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James Associates
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0401 Highland Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Somerville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0021442516
ReturnHeader/PreparerPersonGrp/PhoneNum06176254939
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAYMOND L JAMES
ReturnHeader/ReturnTs02018-06-13T11:36:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,214,184
Liabilities
$46,127
Net assets
$2,168,057
Revenue
$265,633
Expenses
$110,775
Net income
$154,858
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.07$0.05$3.01$0.44$0.13$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.72$0.01$2.70$0.06$0.09$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.00$2.73$0.09$0.09$0.18
2021Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$0.51$0.15$0.36
2020Detailed filing. Detailed filing data is available for this year.$2.54$0.01$2.55$0.31$0.12$0.19
2019Detailed filing. Detailed filing data is available for this year.$2.38$0.02$2.36$0.39$0.10$0.29
2018Detailed filing. Detailed filing data is available for this year.$2.07$0.01$2.06$0.05$0.16$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.21$0.05$2.17$0.27$0.11$0.15
2016Summary only. Only limited summary data is available for this year.$2.08$0.06$2.01$0.35$0.07$0.27
2015Summary only. Only limited summary data is available for this year.$1.81$0.07$1.74$0.36$0.10$0.26
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.31$1.48$0.22$0.07$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits