Civic Intelligence

Aki Foundation Inc

990 • Fiscal year 2017 • EIN 45-2073614

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 12, 2018

1007 Skidmore DriveAnnapolis, MD 21409

(410) 349-4070

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

2nd percentile

-64%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

4.5%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$27,752

Down $48,696 (-64%) from 2016

Net Assets

Down

$27,752

Down $48,696 (-64%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$414,730

Up $17,867 (+4.5%) from 2016

Expenses

Up

$463,426

Up $66,445 (+17%) from 2016

Net Income

Down

-$48,696

Down $48,578 (-41168%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $22,568Liabilities 2011: $0Net Assets 2011: $22,5682011Assets 2012: $27,864Liabilities 2012: $0Net Assets 2012: $27,8642012Assets 2013: $258,973Liabilities 2013: $0Net Assets 2013: $258,9732013Assets 2014: $15,044Liabilities 2014: $0Net Assets 2014: $15,0442014Assets 2015: $76,566Liabilities 2015: $0Net Assets 2015: $76,5662015Assets 2016: $76,448Liabilities 2016: $0Net Assets 2016: $76,4482016Assets 2017: $27,752Liabilities 2017: $0Net Assets 2017: $27,7522017Assets 2018: $25,149Liabilities 2018: $0Net Assets 2018: $25,1492018Assets 2019: $2,285Liabilities 2019: $721Net Assets 2019: $1,5642019Assets 2020: $274Liabilities 2020: $0Net Assets 2020: $2742020Assets 2021: $1,738Liabilities 2021: $0Net Assets 2021: $1,7382021

Highlighted filing

2017

Assets$27,752
Liabilities$0
Net Assets$27,752

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2011: $159,9232011Expenses 2012: $168,7802012Revenue 2013: $253,935Expenses 2013: $22,826Net Income 2013: $231,1092013Revenue 2014: $308,585Expenses 2014: $552,514Net Income 2014: -$243,9292014Revenue 2015: $283,135Expenses 2015: $221,613Net Income 2015: $61,5222015Revenue 2016: $396,863Expenses 2016: $396,981Net Income 2016: -$1182016Revenue 2017: $414,730Expenses 2017: $463,426Net Income 2017: -$48,6962017Revenue 2018: $15,721Expenses 2018: $18,324Net Income 2018: -$2,6032018Revenue 2019: $100,799Expenses 2019: $124,384Net Income 2019: -$23,5852019Revenue 2020: $5Expenses 2020: $1,295Net Income 2020: -$1,2902020Revenue 2021: $2,364Expenses 2021: $900Net Income 2021: $1,4642021

Highlighted filing

2017

Revenue$414,730
Expenses$463,426
Net Income-$48,696
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 12, 2018
Return Version
2017v2.3
Gross Receipts
$545,024
Mission and Program Overview

Mission

Foundation performs charitable, educational, and scientific activities to specifically support cancer research and care for cancer patients. The foundation intends to donate funds to other charitable organizations that directly perform such activities. The primary method that the foundation uses to raise funds to support its activities is to conduct fundraising events.

Foundation performs charitable, educational, and scientific activities to specifically support cancer research and care for cancer patients. The foundation intends to donate funds to other charitable organizations that directly perform such activities. The primary method that the foundation uses to raise funds to support its activities is to conduct a fishing tournament.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$76,448$27,752▼ $48,696
Total Assets$76,448$27,752▼ $48,696
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$76,448$27,752▼ $48,696
Total Net Assets Fund Balance$76,448$27,752▼ $48,696
Total Liabilities and Net Assets / Fund Balance$76,448$27,752▼ $48,696
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gregory B LillyPresident
James S KantowskiVice President
Jennifer S KantowskiVice President
Adele OliverSecretary
Kristie LillyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$461,085
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-46,355
Change in Net Assets
$-48,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$400,000
Other Expenses$63,426
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$400,000--$400,000
Office Expenses-$27,129-$27,129
Advertising-$21,626-$21,626
Information Technology-$11,276-$11,276
Fees for Services Accounting-$2,395-$2,395
Occupancy-$1,000-$1,000
Total Functional Expenses$400,000$63,426$0$463,426
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Anne Arundel Medical Center FoundationAnnapolis, MD-To Support the Geaton and Joann Decesaris Cancer Institute at the Anne Arundel Medical Center.$400,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$130,294
Fundraising Gross Income$83,939
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fishing Tournament$545,024$83,939$17,225$66,714
Total Events$545,024$83,939$130,294$-46,355
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
Annual disclosure for covered persons
Yes
Audit committee
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 A, Line 2

Greg lilly, james kantowski, jennifer kantowski, and kristie lilly all have a family relationship with each other.

Form 990, Part VI, Section B, Line 11B

The board of directors reviews and approves the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization requires board members sign conflict of interest forms annually.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Aki Foundation Inc
EIN
45-2073614
Phone
4103494070
Address
1007 SKIDMORE DRIVE, ANNAPOLIS, MD 21409

Signing Officer

Name
Gregory B Lilly
Title
President
Phone
4103494070
Signed
2018-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory B Lilly
Formed
2011
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
85

Preparer

Firm
Mullen Sondberg Wimbish & Stone Pa
Address
2553 HOUSLEY ROAD SUITE 200, ANNAPOLIS, MD 21401
Preparer
Philip J Wimbish Jr CPA
Phone
4102244920
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors selected an independent accountant to review its financial statements. The reviewed financials are approved by the board of directors. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Aki foundation, inc. Is exempt from federal tax under section 501(c)(3) of the internal revenue code. It is exempt from paying federal income tax on any income except unrelated business income. No provision has been made for income taxes as the organization has had no significant unrelated business income. The organization analyzes tax positions taken, including those related to the requirements set forth in irc sec. 501(c) to qualify as a tax exempt organization, activities performed by volunteers and board members, the reporting of unrelated business income, and its status as a tax-exempt organization under maryland state statute. The organization does not know of any tax benefits arising from uncertain tax positions and there was no effect on the organization's financial position or changes in net assets as a result of analyzing its tax positions. Years ending on or after december 31, 2014 are subject to examination by federal and state authorities, generally for three years after they were filed.

Raw XML Appendix359 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AKI FOUNDATION, INC. IS EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS EXEMPT FROM PAYING FEDERAL INCOME TAX ON ANY INCOME EXCEPT UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES AS THE ORGANIZATION HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. THE ORGANIZATION ANALYZES TAX POSITIONS TAKEN, INCLUDING THOSE RELATED TO THE REQUIREMENTS SET FORTH IN IRC SEC. 501(C) TO QUALIFY AS A TAX EXEMPT ORGANIZATION, ACTIVITIES PERFORMED BY VOLUNTEERS AND BOARD MEMBERS, THE REPORTING OF UNRELATED BUSINESS INCOME, AND ITS STATUS AS A TAX-EXEMPT ORGANIZATION UNDER MARYLAND STATE STATUTE. THE ORGANIZATION DOES NOT KNOW OF ANY TAX BENEFITS ARISING FROM UNCERTAIN TAX POSITIONS AND THERE WAS NO EFFECT ON THE ORGANIZATION'S FINANCIAL POSITION OR CHANGES IN NET ASSETS AS A RESULT OF ANALYZING ITS TAX POSITIONS. YEARS ENDING ON OR AFTER DECEMBER 31, 2014 ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT THE GEATON AND JOANN DECESARIS CANCER INSTITUTE AT THE ANNE ARUNDEL MEDICAL CENTER.
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IRS990ScheduleI/RecipientTable/RecipientEIN0521331298
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02001 MEDICAL PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ANNAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd021401
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MEETS WITH MEMBERS OF THE DONEE ORGANIZATION TO DISCUSS THE USE OF THE DONATION. THE BOARD OF DIRECTORS SELECTS THE DONEE ORGANIZATION BASED ON DISCUSSIONS WITH THE DONEE ORGANIZATION MANAGEMENT AND REVIEW OF RELEVANT DOCUMENTATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GREG LILLY, JAMES KANTOWSKI, JENNIFER KANTOWSKI, AND KRISTIE LILLY ALL HAVE A FAMILY RELATIONSHIP WITH EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES BOARD MEMBERS SIGN CONFLICT OF INTEREST FORMS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS SELECTED AN INDEPENDENT ACCOUNTANT TO REVIEW ITS FINANCIAL STATEMENTS. THE REVIEWED FINANCIALS ARE APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
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IRS990/TempOrPermanentEndowmentsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063426
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0463426
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0400000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-46355
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0414730
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076448
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027752
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt076448
IRS990/UnrestrictedNetAssetsGrp/EOYAmt027752
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01007 SKIDMORE DRIVE
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0FISHFORACURE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY B LILLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04103494070
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AKIF
ReturnHeader/Filer/EIN0452073614
ReturnHeader/Filer/PhoneNum04103494070
ReturnHeader/Filer/USAddress/AddressLine1Txt01007 SKIDMORE DRIVE
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09725A8503BF536150562157384B656D3FE5FFBDF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-09-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:31:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521197902
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MULLEN SONDBERG WIMBISH & STONE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02553 HOUSLEY ROAD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANNAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021401
ReturnHeader/PreparerPersonGrp/PhoneNum04102244920
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PHILIP J WIMBISH JR CPA
ReturnHeader/ReturnTs02018-10-19T09:49:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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