Civic Intelligence

The Butterfly Foundation

990 • Fiscal year 2015 • EIN 41-2213159

Aug 01, 2014 to Jul 31, 2015 • Filed on Dec 10, 2015

498 Howard StSpartanburg, SC 29306

(864) 583-1677

Siviq Scores

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

Liabilities / Assets

48th percentile

0.09x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

77%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

66%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$558,031

Up $243,117 (+77%) from 2014

Net Assets

Up

$507,165

Up $236,812 (+88%) from 2014

Liabilities

Up

$50,866

Up $6,305 (+14%) from 2014

Revenue

Up

$1,013,246

Up $401,724 (+66%) from 2014

Expenses

Up

$776,434

Up $336,613 (+77%) from 2014

Net Income

Up

$236,812

Up $65,111 (+38%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $26,360Liabilities 2011: $6012011Assets 2012: $33,798Liabilities 2012: $6,706Net Assets 2012: $27,0922012Assets 2013: $114,901Liabilities 2013: $16,250Net Assets 2013: $98,6512013Assets 2014: $314,914Liabilities 2014: $44,561Net Assets 2014: $270,3532014Assets 2015: $558,031Liabilities 2015: $50,866Net Assets 2015: $507,1652015Assets 2016: $596,625Liabilities 2016: $70,679Net Assets 2016: $525,9462016Assets 2017: $641,441Liabilities 2017: $146,594Net Assets 2017: $494,8472017Assets 2018: $606,783Liabilities 2018: $108,553Net Assets 2018: $498,2302018Assets 2019: $610,330Liabilities 2019: $48,475Net Assets 2019: $561,8552019Assets 2020: $579,843Liabilities 2020: $65,778Net Assets 2020: $514,0652020Assets 2021: $487,867Liabilities 2021: $24,554Net Assets 2021: $463,3132021Assets 2022: $443,713Liabilities 2022: $21,096Net Assets 2022: $422,6172022Assets 2023: $461,688Liabilities 2023: $70,060Net Assets 2023: $391,6282023Assets 2024: $451,761Liabilities 2024: $102,132Net Assets 2024: $349,6292024

Highlighted filing

2015

Assets$558,031
Liabilities$50,866
Net Assets$507,165

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $160,884Expenses 2011: $166,266Net Income 2011: -$5,3822011Expenses 2012: $345,2842012Revenue 2013: $675,374Expenses 2013: $603,815Net Income 2013: $71,5592013Revenue 2014: $611,522Expenses 2014: $439,821Net Income 2014: $171,7012014Revenue 2015: $1,013,246Expenses 2015: $776,434Net Income 2015: $236,8122015Revenue 2016: $1,035,376Expenses 2016: $1,016,595Net Income 2016: $18,7812016Revenue 2017: $750,429Expenses 2017: $743,956Net Income 2017: $6,4732017Revenue 2018: $343,278Expenses 2018: $312,891Net Income 2018: $30,3872018Revenue 2019: $155,506Expenses 2019: $91,881Net Income 2019: $63,6252019Revenue 2020: $31,405Expenses 2020: $79,195Net Income 2020: -$47,7902020Revenue 2021: $0Expenses 2021: $50,752Net Income 2021: -$50,7522021Revenue 2022: $3,496Expenses 2022: $44,192Net Income 2022: -$40,6962022Revenue 2023: $0Expenses 2023: $30,989Net Income 2023: -$30,9892023Revenue 2024: $0Expenses 2024: $69,756Net Income 2024: -$69,7562024

Highlighted filing

2015

Revenue$1,013,246
Expenses$776,434
Net Income$236,812
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Dec 10, 2015
Return Version
2014v5.0
Gross Receipts
$1,013,246
Mission and Program Overview

Mission

We are committed to the empowerment, transformation and transitioning for low wealth individuals and families to become self-sufficient and self-confident citizens of spartanburg county.

The butterfly foundation will work to empower, transform and transition the lives of economically challenged individuals and families in order to help them become self-sufficient and self-confident citizens of spartanburg county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$49,603$439,455▲ $389,852
Savings and Temporary Cash Investments$66,961$52,486▼ $14,475
Cash and Non-Interest-Bearing Accounts$49,348$155▼ $49,193
Total Assets$314,914$558,031▲ $243,117
Other Assets Total$149,002$65,935▼ $83,067
Liabilities
Other Liabilities$44,561$50,866▲ $6,305
Total Liabilities$44,561$50,866▲ $6,305
Net Assets / Fund Balance
Unrestricted Net Assets$226,210$438,418▲ $212,208
Temporarily Rstr Net Assets$44,143$68,747▲ $24,604
Total Net Assets Fund Balance$270,353$507,165▲ $236,812
Total Liabilities and Net Assets / Fund Balance$314,914$558,031▲ $243,117

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$369,676$7,249$376,925
Equipment$61,964$26,107$88,071
Other Land Buildings$7,815$29,446$37,261
Other Assets Org$64,443--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Liberty CanzaterExecutive DirectorFT$100,000$100,000

Board Members and Trustees

NameTitle
Darrell ThompsonBoard Chair
Sarah ButlerBoard Chair
Emmanuel YarrellBoard Member
Gerod AllisonBoard Member
Karl GuggenmosBoard Member
Laurie MooreBoard Member
Steven MimsBoard Member
Willie Mae ThackerBoard Member
Phyllis WilliamsSecretary
Alison MercadoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$821,596
Program Service Revenue
$191,559
Investment Income
$91
Other Revenue
$0
All Other Contributions
$165,761
Change in Net Assets
$236,812
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$489,052
Salaries, Compensation, and Employee Benefits$287,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,157--$165,157
Current Officers, Directors, Trustees, and Key Employees$60,000$40,000-$100,000
All Other Expenses$60,207$7,569-$67,776
Depreciation Depletion$30,430--$30,430
Other Expenses$29,390--$29,390
Office Expenses$24,352$1,978-$26,330
Payroll Taxes$19,057$3,168-$22,225
Insurance$19,897--$19,897
Fees for Services Accounting$19,042--$19,042
Advertising$12,643$610-$13,253
Travel$8,720--$8,720
Fees for Services Other$2,796$1,373-$4,169
Interest-$2,074-$2,074
Fees for Services Legal$1,500--$1,500
Total Functional Expenses$719,662$56,772$0$776,434
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Bank$20,789
Line of Credit$19,462
Overdraft Bank$10,050
Woodforest Overdraft Protection$565
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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, Part VI, Section B, Line 11

Board members received an electronic copy of form 990 for review.

Form 990, Part VI, Section C, Line 19

The organization provides information to grantors and other interested parties upon request.

Filing and Contact Details

Filer

Filer Name
The Butterfly Foundation
EIN
41-2213159
Phone
8645831677
Address
498 HOWARD ST, SPARTANBURG, SC 29306

Signing Officer

Name
Liberty Canzater
Title
Executive Director
Phone
8645824146
Signed
2015-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Liberty Canzater
Formed
2007
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
21
Volunteers
60

Preparer

Firm
GOSNELL MENARD ROBINSON INFANTE CPA'S PA
Address
PO BOX 1726, SPARTANBURG, SC 29304-1726
Preparer
John W Robinson Jr
Phone
8645739211
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0497830
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt032
IRS990/PYOtherExpensesAmt0273177
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0113660
IRS990/PYRevenuesLessExpensesAmt0171701
IRS990/PYSalariesCompEmpBnftPaidAmt0166644
IRS990/PYTotalExpensesAmt0439821
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0611522
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0236812
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045388
IRS990/SavingsAndTempCashInvstGrp/BOYAmt066961
IRS990/SavingsAndTempCashInvstGrp/EOYAmt052486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0802807
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0529613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0346607
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0137672
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt099423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01916122
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0159
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0379728
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt01916122
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0802807
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0529613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0346607
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0137672
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt099423
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01916122
IRS990ScheduleA/TotalSupportAmt01916281
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/BuildingsGrp/BookValueAmt0369676
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07249
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0376925
IRS990ScheduleD/EquipmentGrp/BookValueAmt061964
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026107
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01492
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt164443
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM MONARCH
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07815
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029446
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OVERDRAFT BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3WOODFOREST OVERDRAFT PROTECTION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0439455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt065935
IRS990ScheduleD/TotalLiabilityAmt050866
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS RECEIVED AN ELECTRONIC COPY OF FORM 990 FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PROVIDES INFORMATION TO GRANTORS AND OTHER INTERESTED PARTIES UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt044143
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt068747
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0314914
IRS990/TotalAssetsEOYAmt0558031
IRS990/TotalAssetsGrp/BOYAmt0314914
IRS990/TotalAssetsGrp/EOYAmt0558031
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0821596
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056772
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0719662
IRS990/TotalFunctionalExpensesGrp/TotalAmt0776434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044561
IRS990/TotalLiabilitiesEOYAmt050866
IRS990/TotalLiabilitiesGrp/BOYAmt044561
IRS990/TotalLiabilitiesGrp/EOYAmt050866
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270353
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0507165
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0719662
IRS990/TotalProgramServiceRevenueAmt0191559
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0191650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01013246
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0314914
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0558031
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt08720
IRS990/TravelGrp/TotalAmt08720
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0226210
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0438418
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0185 S LIBERTY STREET
IRS990/USAddress/CityNm0SPARTANBURG
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029306
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.BUTTERFLY-SC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LIBERTY CANZATER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.10$0.35$0.00$0.07$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.07$0.39$0.00$0.03$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.02$0.42$0.00$0.04$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.02$0.46$0.00$0.05$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.07$0.51$0.03$0.08$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.05$0.56$0.16$0.09$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.11$0.50$0.34$0.31$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.15$0.49$0.75$0.74$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.07$0.53$1.04$1.02$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.05$0.51$1.01$0.78$0.24
2014Summary only. Only limited summary data is available for this year.$0.31$0.04$0.27$0.61$0.44$0.17
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.02$0.10$0.68$0.60$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.01$0.03$0.35
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.16$0.17$0.01