Civic Intelligence

Afms Scholarship Foundation Inc.

990 • Fiscal year 2020 • EIN 41-6034756

Nov 01, 2019 to Oct 31, 2020 • Filed on Mar 11, 2021

Organization ProfileNone
1702 North D StreetLake Worth, FL 33460

(561) 379-4307

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

44th percentile

3.6%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-47%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,476,784

Up $51,511 (+3.6%) from 2019

Net Assets

Up

$1,476,784

Up $51,511 (+3.6%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin14th percentile

Revenue

Down

$47,134

Down $42,184 (-47%) from 2019

Expenses

Down

$57,933

Down $5,638 (-8.9%) from 2019

Net Income

Down

-$10,799

Down $36,546 (-142%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

2020

Assets$1,476,784
Liabilities$0
Net Assets$1,476,784
Open 2020 Filing

Operations Trend

Revenue Growth9th percentile

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

2020

Revenue$47,134
Expenses$57,933
Net Income-$10,799
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2019 to Oct 31, 2020
Signed
Mar 11, 2021
Return Version
2019v5.0
Gross Receipts
$389,771
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$1,353,959$1,438,434▲ $84,475
Cash and Non-Interest-Bearing Accounts$70,437$37,473▼ $32,964
Prepaid Expenses and Deferred Charges$877$877→ $0
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-
Total Assets$1,425,273$1,476,784▲ $51,511
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,275,451$1,309,026▲ $33,575
Net Assets Without Donor Restrictions$149,822$167,758▲ $17,936
Total Net Assets Fund Balance$1,425,273$1,476,784▲ $51,511
Total Liabilities and Net Assets / Fund Balance$1,425,273$1,476,784▲ $51,511
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Sandie FenderPresident
Sandy FullerVice President
Alice CherbonnierDirector
Ann JamesDirector
David RichDirector
Diane WeirDirector
Evelyn CataldoDirector
Finis RiggsDirector
James MarbergberDirector
John MartinDirector
Larry HeathDirector
Marge CollinsDirector
Merrill DickinsonDirector
Pat LarueDirector
Sandy CannedyDirector
Sue Dale MillerDirector
Tom BurchardDirector
Virginia AdianDirector
Warren RoodDirector
Margaret KolacyzkSecretary
Barbara RinghiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,265
Program Service Revenue
$0
Investment Income
$35,869
Other Revenue
$0
All Other Contributions
$11,265
Change in Net Assets
$-10,799
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,000
Other Expenses$17,933
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$40,000--$40,000
Fees for Service Investment Mgmnt Fees-$13,070-$13,070
Fees for Services Accounting-$2,050-$2,050
Insurance-$1,020-$1,020
Other Expenses-$143-$143
Total Functional Expenses$40,000$17,933$0$57,933
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
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Address
1702 NORTH D STREET, LAKE WORTH, FL 33460

Signing Officer

Name
Barbara Ringhiser
Title
Treasurer
Signed
2021-03-11
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Id
Voting Board Members
21
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

Firm
Rudd & Company PLLC
Address
725 S Woodruff Ave, Idaho Falls, ID 83401
Preparer
Scott Bond
Phone
2085299276
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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IRS990/MissionDesc0To provide scholarships for advanced degrees in the field of earth sciences.
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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 27% of its support from the public in the current year. See Form 990-EZ, 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 27% 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 ServicesX and "Additional Factors Pertinent to Membership Organizations" are not applicable to the Foundation.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Support Schedule: Additional Supplemental Information
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,476,784
Liabilities
$0
Net assets
$1,476,784
Revenue
$47,134
Expenses
$57,933
Net income
-$10,799
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
2020Detailed filing. Detailed filing data is available for this year.$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