Civic Intelligence

Afms Scholarship Foundation Inc.

990 • Fiscal year 2016 • EIN 41-6034756

Nov 01, 2015 to Oct 31, 2016 • Filed on Feb 20, 2017

PO Box 23Tendoy, ID 83468

(619) 460-6128

Siviq Scores

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

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.01x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

92nd percentile

50%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

53rd percentile

2.2%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

36%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,213,544

Up $25,768 (+2.2%) from 2015

Net Assets

Up

$1,212,667

Up $24,891 (+2.1%) from 2015

Liabilities

Up

$877

Up $877 from 2015

Revenue

Up

$115,348

Up $30,660 (+36%) from 2015

Expenses

Up

$57,494

Up $5,005 (+9.5%) from 2015

Net Income

Up

$57,854

Up $25,655 (+80%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,028,278Liabilities 2011: $0Net Assets 2011: $1,028,2782011Assets 2012: $1,109,645Liabilities 2012: $0Net Assets 2012: $1,109,6452012Assets 2013: $1,161,642Liabilities 2013: $0Net Assets 2013: $1,161,6422013Assets 2014: $1,216,603Liabilities 2014: $0Net Assets 2014: $1,216,6032014Assets 2015: $1,187,776Liabilities 2015: $0Net Assets 2015: $1,187,7762015Assets 2016: $1,213,544Liabilities 2016: $877Net Assets 2016: $1,212,6672016Assets 2017: $1,350,167Liabilities 2017: $0Net Assets 2017: $1,350,1672017Assets 2018: $1,335,818Liabilities 2018: $0Net Assets 2018: $1,335,8182018Assets 2019: $1,425,273Liabilities 2019: $0Net Assets 2019: $1,425,2732019Assets 2020: $1,476,784Liabilities 2020: $0Net Assets 2020: $1,476,7842020Assets 2021: $1,757,253Liabilities 2021: $0Net Assets 2021: $1,757,2532021Assets 2022: $1,463,260Liabilities 2022: $0Net Assets 2022: $1,463,2602022Assets 2023: $1,521,293Liabilities 2023: $0Net Assets 2023: $1,521,2932023Assets 2024: $1,837,085Liabilities 2024: $0Net Assets 2024: $1,837,0852024

Highlighted filing

2016

Assets$1,213,544
Liabilities$877
Net Assets$1,212,667

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $65,279Expenses 2011: $52,312Net Income 2011: $12,9672011Expenses 2012: $52,0612012Revenue 2013: $78,664Expenses 2013: $47,804Net Income 2013: $30,8602013Revenue 2014: $106,384Expenses 2014: $56,069Net Income 2014: $50,3152014Revenue 2015: $84,688Expenses 2015: $52,489Net Income 2015: $32,1992015Revenue 2016: $115,348Expenses 2016: $57,494Net Income 2016: $57,8542016Revenue 2017: $70,283Expenses 2017: $62,603Net Income 2017: $7,6802017Revenue 2018: $73,750Expenses 2018: $64,238Net Income 2018: $9,5122018Revenue 2019: $89,318Expenses 2019: $63,571Net Income 2019: $25,7472019Revenue 2020: $47,134Expenses 2020: $57,933Net Income 2020: -$10,7992020Revenue 2021: $112,990Expenses 2021: $68,117Net Income 2021: $44,8732021Revenue 2022: $109,632Expenses 2022: $69,769Net Income 2022: $39,8632022Revenue 2023: $81,616Expenses 2023: $67,833Net Income 2023: $13,7832023Revenue 2024: $128,843Expenses 2024: $68,942Net Income 2024: $59,9012024

Highlighted filing

2016

Revenue$115,348
Expenses$57,494
Net Income$57,854
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Feb 20, 2017
Return Version
2015v3.0
Gross Receipts
$867,085
Mission and Program Overview

Mission

To provide scholarships for advanced degrees in the field of earth sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$973,652$1,147,150▲ $173,498
Cash and Non-Interest-Bearing Accounts$214,124$66,394▼ $147,730
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,187,776$1,213,544▲ $25,768
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$877-
Total Liabilities$0$877▲ $877
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,163,453$1,197,838▲ $34,385
Unrestricted Net Assets$24,323$14,829▼ $9,494
Total Net Assets Fund Balance$1,187,776$1,212,667▲ $24,891
Total Liabilities and Net Assets / Fund Balance$1,187,776$1,213,544▲ $25,768
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lauren WilliamsPresident
Ron CarmanVice President
Thomas WhitlatchVice President
Barbara RinghiserDirector
David KorzendorferDirector
David RootDirector
Elizabeth SimmonsDirector
Elizabeth ThomasDirector
Jennifer HaleyDirector
Jim BosleyDirector
Keith FackrellDirector
Margaret KolaczykDirector
Roger BurfordDirector
Walter BenezeDirector
Cheri GeorgeSecretary
Gene MaggardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,396
Program Service Revenue
$0
Investment Income
$99,952
Other Revenue
$0
All Other Contributions
$15,396
Change in Net Assets
$57,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$48,000
Other Expenses$9,494
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$48,000--$48,000
Fees for Service Investment Mgmnt Fees-$5,349-$5,349
Fees for Services Accounting-$1,600-$1,600
Travel-$696-$696
Other Expenses-$72-$72
Total Functional Expenses$48,000$9,494$0$57,494
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 provided to and reviewed by officers of the board prior to filing - all board members povided access to Form 990 and reviewed financial statements

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
AFMS Scholarship Foundation Inc
EIN
41-6034756
Phone
6194606128
Address
PO Box 23, Tendoy, ID 83468

Signing Officer

Name
Gene Maggard
Title
Treasurer
Signed
2017-02-20
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Id
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
16

Preparer

Firm
Rudd & Company PLLC
Address
725 S Woodruff Ave, Idaho Falls, ID 83401
Preparer
Scott Bond
Phone
2085299276
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0To provide scholarships for advanced degrees in the field of earth sciences.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01187776
IRS990/NetAssetsOrFundBalancesEOYAmt01212667
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt053973
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt053973
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-32963
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0INSURANCE
IRS990/OtherExpensesGrp/Desc1HONORARY PLAQUES
IRS990/OtherExpensesGrp/Desc2SURETY BOND
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0877
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1541
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2359
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt372
IRS990/OtherExpensesGrp/TotalAmt0877
IRS990/OtherExpensesGrp/TotalAmt1541
IRS990/OtherExpensesGrp/TotalAmt2359
IRS990/OtherExpensesGrp/TotalAmt372
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt015283
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt048000
IRS990/PYInvestmentIncomeAmt069405
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04489
IRS990/PYRevenuesLessExpensesAmt032199
IRS990/PYTotalExpensesAmt052489
IRS990/PYTotalRevenueAmt084688
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt057854
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Part II, Line 17a - 10% Facts and Circumstances TestThe Foundation is attaching the following "detailed statement of the facts upon which the organization bases its conclusion." The headings for each section correspond with those in Regulation Section 1.170A-9(f)(3).I. Ten Percent-of-Support Limitation (Regulation Section 1.170A-9(f)(3)(i)The Foundation meets this requirement as it received over 23% of its support from the public in the current year. See Form 990, Schedule A, Part II, Section C, Line 14.II. Attraction of Public Support (Regulation Section 1.170A-9(f)(3)(ii)The Foundation is organized and operated to attract new and additional public support on a continuous basis. The Foundation has designated officers and a board of directors that work directly with the American Federation of Mineralogical Societies and its members to solicit donations to the Foundation. The Mineralogical Societies are located throughout the United States and each society generates contributions for the Foundation.III. Percentage of Financial Support (Regulation Section 1.170A-9(f)(3)(iii)As noted in Section I above, the Foundation receives over 23% of its support from the public. This is well over the 10% minimum required by the Regulations, and close to the 33 1/3% safe harbor amount. The Regulations also state the following: "If the percentage of the organization's support from public or governmental sources is low because it receives a high percentage of its total support from investment income on its endowment funds, such fact will be treated as evidence of compliance with this subdivision if such endowment funds were originally contributed by a governmental unit or by the general public."This statement accurately describes the current situation of the Foundation. The Foundation was established in 1958, and through public donations over the years has generated a substantial endowment. The majority of the Foundation's income is from the interest and dividends earned by the endowment. Public contributions decreased over several years due to the poor economic conditions throughout the country.IV. Sources of Support (Regulation Section 1.170A-9(f)(3)(iv)The Foundation receives its support from multiple persons located throughout the United States. It does not receive a significant amount of support from the members of a single family. As indicated above, the Foundation has been in existence since 1958 and works with Mineralogical Societies throughout the country to generate donations. V. Representative Governing Body (Regulation Section 1.170A-9(f)(3)(v)The Foundation's officers and directors are selected from the various Mineralogical Societies. Each Society has at least one director to ensure that all regions of the country are represented in the Foundation's governing body.The two remaining items described in the Regulations, "Availability of Public Facilities and Services" and "Additional Factors Pertinent to Membership Organizations" are not applicable to the Foundation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt015396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt015283
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt019380
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt084589
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt045979
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt059550
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt057897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt059284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt054706
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0277416
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.23370
IRS990ScheduleA/PublicSupportPY170Pct00.22490
IRS990ScheduleA/PublicSupportTotal170Amt084589
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt015396
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt015283
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt019380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016428
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt084589
IRS990ScheduleA/TotalSupportAmt0362005
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt048000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 provided to and reviewed by officers of the board prior to filing - all board members povided access to Form 990 and reviewed financial statements
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01163453
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01197838
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01187776

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$0.13$0.07$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.00$1.52$0.08$0.07$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.11$0.07$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.00$1.76$0.11$0.07$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.00$1.48$0.05$0.06$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.00$1.43$0.09$0.06$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.00$1.34$0.07$0.06$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.07$0.06$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.12$0.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.08$0.05$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.11$0.06$0.05
2013Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$0.08$0.05$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$0.05
2011Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.07$0.05$0.01
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