Civic Intelligence

Gleason Initiative Foundation

990 • Fiscal year 2020 • EIN 45-3689316

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

2021 Lakeshore Drive 120New Orleans, LA 70122

(504) 934-1037

Siviq Scores

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

Liabilities / Assets

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.26x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

59th percentile

8.4%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

26th percentile

$50,000

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

62nd percentile

11%

Faster asset growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

22%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$9,529,052

Up $980,184 (+11%) from 2019

Net Assets

Up

$8,740,503

Up $367,497 (+4.4%) from 2019

Liabilities

Up

$788,549

Up $612,687 (+348%) from 2019

Revenue

Up

$3,013,764

Up $534,022 (+22%) from 2019

Expenses

Up

$2,761,843

Up $366,442 (+15%) from 2019

Net Income

Up

$251,921

Up $167,580 (+199%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $11,135Liabilities 2011: $1002011Assets 2012: $504,091Liabilities 2012: $1,227Net Assets 2012: $502,8642012Assets 2013: $1,199,166Liabilities 2013: $0Net Assets 2013: $1,199,1662013Assets 2014: $7,089,479Liabilities 2014: $0Net Assets 2014: $7,089,4792014Assets 2015: $5,595,083Liabilities 2015: $0Net Assets 2015: $5,595,0832015Assets 2016: $6,477,895Liabilities 2016: $80,569Net Assets 2016: $6,397,3262016Assets 2017: $7,295,849Liabilities 2017: $84,054Net Assets 2017: $7,211,7952017Assets 2018: $7,427,006Liabilities 2018: $125,729Net Assets 2018: $7,301,2772018Assets 2019: $8,548,868Liabilities 2019: $175,862Net Assets 2019: $8,373,0062019Assets 2020: $9,529,052Liabilities 2020: $788,549Net Assets 2020: $8,740,5032020Assets 2021: $9,810,955Liabilities 2021: $793,958Net Assets 2021: $9,016,9972021Assets 2022: $8,266,292Liabilities 2022: $741,187Net Assets 2022: $7,525,1052022Assets 2023: $8,443,085Liabilities 2023: $383,179Net Assets 2023: $8,059,9062023Assets 2024: $9,628,457Liabilities 2024: $493,785Net Assets 2024: $9,134,6722024

Highlighted filing

2020

Assets$9,529,052
Liabilities$788,549
Net Assets$8,740,503

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $11,035Expenses 2011: $0Net Income 2011: $11,0352011Expenses 2012: $408,9062012Revenue 2013: $1,712,285Expenses 2013: $1,015,983Net Income 2013: $696,3022013Revenue 2014: $7,432,187Expenses 2014: $1,506,191Net Income 2014: $5,925,9962014Revenue 2015: $1,333,026Expenses 2015: $2,720,704Net Income 2015: -$1,387,6782015Revenue 2016: $2,263,110Expenses 2016: $1,643,975Net Income 2016: $619,1352016Revenue 2017: $2,080,168Expenses 2017: $1,528,280Net Income 2017: $551,8882017Revenue 2018: $2,454,297Expenses 2018: $1,853,274Net Income 2018: $601,0232018Revenue 2019: $2,479,742Expenses 2019: $2,395,401Net Income 2019: $84,3412019Revenue 2020: $3,013,764Expenses 2020: $2,761,843Net Income 2020: $251,9212020Revenue 2021: $3,478,549Expenses 2021: $3,351,106Net Income 2021: $127,4432021Revenue 2022: $4,285,841Expenses 2022: $4,238,018Net Income 2022: $47,8232022Revenue 2023: $5,648,263Expenses 2023: $5,631,699Net Income 2023: $16,5642023Revenue 2024: $8,496,277Expenses 2024: $7,540,298Net Income 2024: $955,9792024

Highlighted filing

2020

Revenue$3,013,764
Expenses$2,761,843
Net Income$251,921
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.0
Gross Receipts
$4,704,699
Mission and Program Overview

Mission

(1)Help to provide individuals with muscular diseases or injuries with leading edge technology, equipment and services (2) Raise public awareness toward amyotrophic lateral sclerosis ALS by providing & documenting life adventures for individuals with muscular diseases or injuries.

(1)Help to provide individuals with neuro-muscular diseases or injuries with leading edge technology, equipment and services (2) Raise public awareness toward amyotrophic lateral sclerosis by providing & documenting life adventures for individuals with muscular diseases or injuries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,536,585$6,722,218▲ $185,633
Cash and Non-Interest-Bearing Accounts$1,995,594$2,744,655▲ $749,061
Land, Buildings, and Equipment, Net$16,526$56,708▲ $40,182
Receivable From Disqualified Prsn$88$1,215▲ $1,127
Accounts Receivable$75$0▼ $75
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$8,548,868$9,529,052▲ $980,184
Other Assets Total-$4,256-
Liabilities
Grants Payable-$574,291-
Accounts Payable and Accrued Expenses$170,888$203,599▲ $32,711
Other Liabilities$4,974$10,659▲ $5,685
Total Liabilities$175,862$788,549▲ $612,687
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,465,092$4,450,250▼ $14,842
Net Assets Without Donor Restrictions$3,907,914$4,290,253▲ $382,339
Total Net Assets Fund Balance$8,373,006$8,740,503▲ $367,497
Total Liabilities and Net Assets / Fund Balance$8,548,868$9,529,052▲ $980,184

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$29,280$9,841$39,121
Leasehold Improvements$27,266$265$27,531
Equipment$162$1,449$1,611

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$4,465,092--$14,842$4,450,250
2019$4,522,872--$57,780$4,465,092
2018$4,606,271--$83,399$4,522,872
2017$4,895,527--$289,256$4,606,271
2016$5,254,579--$359,052$4,895,527
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul Varisco SrExecutive DirectorFT$50,000$50,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,134,140
Program Service Revenue
$0
Investment Income
$77,185
Other Revenue
$802,439
All Other Contributions
$2,134,140
Change in Net Assets
$251,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,013,764
Total Revenue per Audited Statements
$3,013,764
Total Revenue per Form 990
$3,013,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,696,428
Salaries, Compensation, and Employee Benefits$608,611
Other Expenses$372,861
Total Fundraising Expense$237,304
Professional Fundraising Fees$83,943

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,676,701--$1,676,701
Other Salaries and Wages$473,385--$473,385
Fees for Services Management$4,860$31,760$120,065$156,685
Fees for Services Professional Fundraising--$83,943$83,943
Current Officers, Directors, Trustees, and Key Employees-$50,000-$50,000
Other Employee Benefits$44,672--$44,672
Office Expenses-$41,996$1,328$43,324
Payroll Taxes$36,729$3,825-$40,554
Fees for Service Investment Mgmnt Fees-$39,856-$39,856
Advertising$6,088$912$29,952$36,952
Occupancy-$35,272-$35,272
Fees for Services Accounting-$23,128-$23,128
Grants to Domestic Orgs$19,727--$19,727
Insurance-$15,499-$15,499
Depreciation Depletion-$7,464-$7,464
Travel$2,290$1,313$580$4,183
Conferences and Meetings$1,983--$1,983
Information Technology-$1,525-$1,525
Other Expenses$2,001$697$154$154
Total Functional Expenses$2,268,436$256,103$237,304$2,761,843

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,761,843
Total Expenses per Audited Statements$2,761,843
Total Expenses per Form 990$2,761,843
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BOSTON CHILDRENS HOSPITAL #5Boston, MA501c(3)General Exempt Purpose$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$752,878
Professional Fundraising Fees$83,943
Fundraising Direct Expenses$43,839

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
3rd Party Sponsorships$336,623$336,623$38,856$297,767
Gala 2020$252,500$252,500$5$252,495
Total Events$752,788$752,788$42,289$710,499
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Suzanne AlfordDirectorMarktg/prom PdctsNo$107,706
Clare Duretivey ConsultiDirectorConsultingNo$22,000

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$88$1,215▲ $1,127
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Acct 23500 Accrued P/r$10,659
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Paul varisco sr., paul varisco jr.. Vinnie varisco and michel varisco are family members. Steve gleason, who is the inspiration for the creation of this foundation, is married to michel varisco.suzanne alford, a director, sells promotional materials and provided marketing and consulting services to the foundation.clare duret, a director, provides consulting services to the foundation and to answer als, a brother/sister related entity.kyle gleason and stephen gleason are brothers.

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

A draft form 990 is circulated to foundation directors for approval.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board makes routine inquiries of key employees regarding their business relations with the foundation.

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

MISSION STATEMENT, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE AT www.teamgleason.org

Filing and Contact Details

Filer

Filer Name
Team Gleason Foundation
EIN
45-3689316
Phone
5049341037
Address
2021 LAKESHORE DRIVE 120, NEW ORLEANS, LA 70122

Signing Officer

Name
Paul Varisco Sr
Title
Executive Director
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Varisco Sr
Formed
2011
Legal Domicile
La
Voting Board Members
32
Independent Board Members
26
Employees
13
Volunteers
160

Preparer

Firm
DeMonte & Falgoust CPAs LLC
Address
3828 Canal Street, New Orleans, LA 70119
Preparer
David Demonte CPA
Phone
5044826661
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

rounding = -$1

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Board designated restricted funds are dedicated to financial support for als patients who are benefiting from the skilled nursing facility at st margaret's nursing home.

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IRS990/Desc0Helping deliver leading edge equipment, services and technology, the Team Gleason Foundation provides ALS patients with the tools to allow people living with ALS to communicate, interact, and live with purpose. Technology and equipment have advanced over the past decade but these services can be taken even further. The Foundation works with creative companies like Microsoft and TOBII DynaVox to develop voice creation and hands-free software and technology.The Foundation provided $14,842 in financial assistance to the Team Gleason House at St. Margaret's Nursing Home. The facility whose technology was funded by the Foundation was dedicated in 2015 and provided 2,000 patient days of specialized care in 2020.The Foundation maintains contact with ALS families receiving specialized equipment and recycles the equipment to new patients when the equipment is no longer needed. In 2020, $2,024,000 of such equipment was repurposed. In addition, Voice Banking technology was provided to 517 patients valued at $970,000 and seat elevators were provided to 897 patients.The Foundation initiated a respite care program in 2018 to provide skilled nursing care to assist families caring for an ALS patient. These families received over 8,400 hours of such assistence in 2020 at a cost of $162,000.The Foundation partnered with Comcast in 2020 to continue improvement of their TIME Magazine Top 100 Inventions of 2019, the Xfinity Eye Control which allows patients to control their televisions using assistive devices they already use.The Foundation opened a state of the art Assistive Technology Lab in 2020, with the assistance of Google and Microsoft, to help educate and empower people living with ALS and to assist in sharing new inventions with our partners and patient community.
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IRS990/Form990PartVIISectionAGrp/PersonNm1VINNIE VARISCO
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IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES SALTERS
IRS990/Form990PartVIISectionAGrp/PersonNm4KYLE BRECHTEL
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMI CULP
IRS990/Form990PartVIISectionAGrp/PersonNm6STEPHAN REHAGE
IRS990/Form990PartVIISectionAGrp/PersonNm7SCOTT A FUJITA
IRS990/Form990PartVIISectionAGrp/PersonNm8PAUL VARISCO JR
IRS990/Form990PartVIISectionAGrp/PersonNm9KYLE M GLEASON
IRS990/Form990PartVIISectionAGrp/PersonNm10SUZANNE ALFORD
IRS990/Form990PartVIISectionAGrp/PersonNm11CLARE DURRETT
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHELLE FARR
IRS990/Form990PartVIISectionAGrp/PersonNm13THOMAS MCEACHIN
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID SHERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15PHIL GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHEL VARISCO GLEASON
IRS990/Form990PartVIISectionAGrp/PersonNm17STEPHEN GLEASON
IRS990/Form990PartVIISectionAGrp/PersonNm18DANIELLE KAVANAGH
IRS990/Form990PartVIISectionAGrp/PersonNm19JIM MARGGRAFF
IRS990/Form990PartVIISectionAGrp/PersonNm20ASHLEY MCCREADY
IRS990/Form990PartVIISectionAGrp/PersonNm21MIKE MCCREADY
IRS990/Form990PartVIISectionAGrp/PersonNm22CLELAND POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm23KATHLEEN HOLT
IRS990/Form990PartVIISectionAGrp/PersonNm24BRYAN FITZPATRICK
IRS990/Form990PartVIISectionAGrp/PersonNm25CHRIS CASEY CPA
IRS990/Form990PartVIISectionAGrp/PersonNm26RICK DICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm27DAN GARSKE
IRS990/Form990PartVIISectionAGrp/PersonNm28DAVE MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm29CATHERINE SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm30JUDGE TONY HAZEL
IRS990/Form990PartVIISectionAGrp/PersonNm31JENNY LAY-FLURRIE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990PartVIISectionAGrp/TitleTxt29Director
IRS990/Form990PartVIISectionAGrp/TitleTxt30Director
IRS990/Form990PartVIISectionAGrp/TitleTxt31Director
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IRS990/FormationYr02011
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingGrossIncomeAmt0752878
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt019727
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IRS990/InsuranceGrp/TotalAmt015499
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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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.$9.63$0.49$9.13$8.50$7.54$0.96
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.44$0.38$8.06$5.65$5.63$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.27$0.74$7.53$4.29$4.24$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.81$0.79$9.02$3.48$3.35$0.13
2020Detailed filing. Detailed filing data is available for this year.$9.53$0.79$8.74$3.01$2.76$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.55$0.18$8.37$2.48$2.40$0.08
2018Summary only. Only limited summary data is available for this year.$7.43$0.13$7.30$2.45$1.85$0.60
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.30$0.08$7.21$2.08$1.53$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.48$0.08$6.40$2.26$1.64$0.62
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$0.00$5.60$1.33$2.72$1.39
2014Detailed filing. Detailed filing data is available for this year.$7.09$0.00$7.09$7.43$1.51$5.93
2013Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$1.71$1.02$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.41
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01