Civic Intelligence

Sereolipi Nomadic Education Foundation Inc.

990 • Fiscal year 2014 • EIN 41-2189604

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

1311 Fern Hill RoadMooresville, NC 28117

(917) 854-9793

Siviq Scores

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

Liabilities / Assets

76th percentile

0.00x

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

2014 filings • NTEE Q33 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.00x

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

2014 filings • NTEE Q33 • <$500k nonprofits • Source year 2014

Net Margin

24th percentile

-7.8%

Higher net margin than 24% of similar nonprofits.

2014 filings • NTEE Q33 • <$500k nonprofits • Source year 2014

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2014 filings • NTEE Q33 • <$500k nonprofits • Source year 2014

Asset Growth

17th percentile

-36%

Faster asset growth than 17% of similar nonprofits.

2014 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

34th percentile

-12%

Faster revenue growth than 34% of similar nonprofits.

2014 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$81,864

Down $45,518 (-36%) from 2013

Net Assets

Down

$81,864

Down $29,518 (-27%) from 2013

Liabilities

Down

$0

Down $16,000 (-100%) from 2013

Revenue

Down

$377,595

Down $50,383 (-12%) from 2013

Expenses

Down

$407,113

Down $16,755 (-4.0%) from 2013

Net Income

Down

-$29,518

Down $33,628 (-818%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $100,778Liabilities 2010: $16,000Net Assets 2010: $84,7782010Assets 2011: $101,065Liabilities 2011: $16,000Net Assets 2011: $85,0652011Assets 2012: $123,272Liabilities 2012: $16,000Net Assets 2012: $107,2722012Assets 2013: $127,382Liabilities 2013: $16,000Net Assets 2013: $111,3822013Assets 2014: $81,864Liabilities 2014: $0Net Assets 2014: $81,8642014Assets 2015: $128,168Liabilities 2015: $0Net Assets 2015: $128,1682015Assets 2016: $122,792Liabilities 2016: $0Net Assets 2016: $122,7922016Assets 2017: $87,146Liabilities 2017: $0Net Assets 2017: $87,1462017Assets 2018: $163,372Liabilities 2018: $0Net Assets 2018: $163,3722018Assets 2019: $200,553Liabilities 2019: $0Net Assets 2019: $200,5532019Assets 2020: $214,388Liabilities 2020: $0Net Assets 2020: $214,3882020Assets 2021: $286,815Liabilities 2021: $0Net Assets 2021: $286,8152021Assets 2022: $118,960Liabilities 2022: $0Net Assets 2022: $118,9602022Assets 2023: $234,814Liabilities 2023: $0Net Assets 2023: $234,8142023Assets 2024: $321,426Liabilities 2024: $0Net Assets 2024: $321,4262024

Highlighted filing

2014

Assets$81,864
Liabilities$0
Net Assets$81,864

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $431,9472010Expenses 2011: $398,4912011Expenses 2012: $542,6362012Revenue 2013: $427,978Expenses 2013: $423,868Net Income 2013: $4,1102013Revenue 2014: $377,595Expenses 2014: $407,113Net Income 2014: -$29,5182014Revenue 2015: $492,980Expenses 2015: $446,676Net Income 2015: $46,3042015Revenue 2016: $450,209Expenses 2016: $455,585Net Income 2016: -$5,3762016Revenue 2017: $341,501Expenses 2017: $377,147Net Income 2017: -$35,6462017Revenue 2018: $364,804Expenses 2018: $288,578Net Income 2018: $76,2262018Revenue 2019: $509,953Expenses 2019: $472,772Net Income 2019: $37,1812019Revenue 2020: $303,920Expenses 2020: $290,085Net Income 2020: $13,8352020Revenue 2021: $457,354Expenses 2021: $384,927Net Income 2021: $72,4272021Revenue 2022: $259,585Expenses 2022: $427,440Net Income 2022: -$167,8552022Revenue 2023: $530,830Expenses 2023: $414,976Net Income 2023: $115,8542023Revenue 2024: $440,206Expenses 2024: $353,594Net Income 2024: $86,6122024

Highlighted filing

2014

Revenue$377,595
Expenses$407,113
Net Income-$29,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$410,701
Mission and Program Overview

Mission

To raise money to support the education of nomadic children in kenya.

To raise money to support the education of nomadic children in kenya

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$127,382$81,864▼ $45,518
Rtn Earn Endowment Incm Other Fnds$111,382$81,864▼ $29,518
Total Assets$127,382$81,864▼ $45,518
Liabilities
Accounts Payable and Accrued Expenses$16,000--
Total Liabilities$16,000$0▼ $16,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$111,382$81,864▼ $29,518
Total Liabilities and Net Assets / Fund Balance$127,382$81,864▼ $45,518
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$353,917
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$23,676
All Other Contributions
$337,140
Change in Net Assets
$-29,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$376,800
Other Expenses$30,313
Total Fundraising Expense$570
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$376,800--$376,800
Fees for Services Accounting-$17,375-$17,375
Other Expenses-$170$570$170
Total Functional Expenses$376,800$29,743$570$407,113
International Activity

International Summary

Spending
$376,800

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa - AngolaProgram ServicesSee Schedule O--$376,800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,172
Fundraising Direct Expenses$33,106
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$68,949$52,172$33,106$19,066
Total Events$68,949$52,172$33,106$19,066
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
Audit committee
Yes
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

Explanation: the foundation doesn't have a committee with authority to act in bewhalf of the governing body

Form 990, Page 6, Part VI, Line 11B

Explaination: the 990 is reviewed by the treasurer and then distributed to the board of directors

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

Explanation: the foundation regularly sends out an annual questionaire to the board members that they sign and return to the foundation.

Form 990, Page 6, Part VI, Line 19

EXPLANATION: N/A

Filing and Contact Details

Filer

Filer Name
Sereolipi Normadic Education Founda
EIN
41-2189604
Address
1311 FERN HILL ROAD, MOORESVILLE, NC 28117

Signing Officer

Name
Jane Newman
Title
President
Signed
2015-11-16

Organization Details

Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
60

Preparer

Firm
Debellis Van Cott & Assoc Cpas Pc
Address
PO BOX 606, GOSHEN, NY 10924
Preparer
Jon Van Cott CPA
Phone
8452949727
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Library teacher is provided at each school. Boarding facilities are provided for 550 students in the three schools and for these students two meals a day are served each day of the school year. In addition 120 students who have graduated from the primary schools have full scholarships to boarding secondary schools.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SEE SCHEDULE O
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0376800
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFERS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SEE SCHEDULE O
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0376800
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SUB-SAHARAN AFRICA - ANGOLA 376,800 0
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/TotalSpentAmt0376800
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016777
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016777
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033106
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt068949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt068949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt052172
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt052172
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019066
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033106
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033106
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIBRARY TEACHER IS PROVIDED AT EACH SCHOOL. BOARDING FACILITIES ARE PROVIDED FOR 550 STUDENTS IN THE THREE SCHOOLS AND FOR THESE STUDENTS TWO MEALS A DAY ARE SERVED EACH DAY OF THE SCHOOL YEAR. IN ADDITION 120 STUDENTS WHO HAVE GRADUATED FROM THE PRIMARY SCHOOLS HAVE FULL SCHOLARSHIPS TO BOARDING SECONDARY SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: THE FOUNDATION DOESN'T HAVE A COMMITTEE WITH AUTHORITY TO ACT IN BEWHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLAINATION: THE 990 IS REVIEWED BY THE TREASURER AND THEN DISTRIBUTED TO THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: THE FOUNDATION REGULARLY SENDS OUT AN ANNUAL QUESTIONAIRE TO THE BOARD MEMBERS THAT THEY SIGN AND RETURN TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXPLANATION: N/A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0127382
IRS990/TotalAssetsEOYAmt081864
IRS990/TotalAssetsGrp/BOYAmt0127382
IRS990/TotalAssetsGrp/EOYAmt081864
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0353917
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0570
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0376800
IRS990/TotalFunctionalExpensesGrp/TotalAmt0407113
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016000
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt016000
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0111382
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt081864
IRS990/TotalProgramServiceExpensesAmt0376800
IRS990/TotalRevenueGrp/ExclusionAmt04612
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0377595
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0127382
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt081864
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.THORNTREEPROJECT.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JANE NEWMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEREOLIPI NORMADIC EDUCATION FOUNDA
ReturnHeader/Filer/BusinessNameControlTxt0SERE
ReturnHeader/Filer/EIN0412189604
ReturnHeader/Filer/USAddress/AddressLine1Txt01311 FERN HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0MOORESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028117
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453558586
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEBELLIS VAN COTT & ASSOC CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 606
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOSHEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010924
ReturnHeader/PreparerPersonGrp/PhoneNum08452949727
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JON VAN COTT CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T16:19:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.21$0.00$3.21$4.40$3.54$0.87
2023Detailed filing. Detailed filing data is available for this year.$2.35$0.00$2.35$5.31$4.15$1.16
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$2.60$4.27$1.68
2021Detailed filing. Detailed filing data is available for this year.$2.87$0.00$2.87$4.57$3.85$0.72
2020Detailed filing. Detailed filing data is available for this year.$2.14$0.00$2.14$3.04$2.90$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$5.10$4.73$0.37
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$3.65$2.89$0.76
2017Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$3.42$3.77$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$4.50$4.56$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$4.93$4.47$0.46
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$3.78$4.07$0.30
2013Detailed filing. Detailed filing data is available for this year.$1.27$0.16$1.11$4.28$4.24$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.16$1.07$5.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.16$0.85$3.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.16$0.85$4.32