Civic Intelligence

Founders Scholarship Fund Inc

EIN 45-4713485 • Norfolk, VA

5409 Beamon RoadNorfolk, VA 23513
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

<$500k nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

<$500k nonprofits • Source year 2023

Net Margin

10th percentile

-121%

Higher net margin than 10% of similar nonprofits.

<$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

<$500k nonprofits • Source year 2022

Asset Growth

35th percentile

-12%

Faster asset growth than 35% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

2951%

Faster revenue growth than 99% of similar nonprofits.

<$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$139,193

Down $19,188 (-12%) from 2022

Liabilities

Up

$1

Up $1 from 2022

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue64th percentileNet Margin10th percentile

Revenue

Up

$15,804

Up $15,286 (+2951%) from 2022

Expenses

Up

$34,992

Up $3,643 (+12%) from 2022

Net Income

Up

-$19,188

Up $11,643 (+38%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2012: $177,266Liabilities 2012: $02012Assets 2013: $251,421Liabilities 2013: $0Net Assets 2013: $251,4212013Assets 2014: $304,998Liabilities 2014: $0Net Assets 2014: $304,9982014Assets 2015: $323,663Liabilities 2015: $0Net Assets 2015: $323,6632015Assets 2016: $246,375Liabilities 2016: $0Net Assets 2016: $246,3752016Assets 2017: $228,907Liabilities 2017: $0Net Assets 2017: $228,9072017Assets 2018: $217,790Liabilities 2018: $0Net Assets 2018: $217,7902018Assets 2019: $214,163Liabilities 2019: $12019Assets 2020: $214,691Liabilities 2020: $0Net Assets 2020: $214,6912020Assets 2021: $189,212Liabilities 2021: $0Net Assets 2021: $189,2122021Assets 2022: $158,381Liabilities 2022: $0Net Assets 2022: $158,3812022Assets 2023: $139,193Liabilities 2023: $12023

Highlighted filing

2023

Assets$139,193
Liabilities$1
Net Assets-
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $217,349Expenses 2012: $40,083Net Income 2012: $177,2662012Revenue 2013: $141,703Expenses 2013: $67,548Net Income 2013: $74,1552013Revenue 2014: $129,936Expenses 2014: $76,359Net Income 2014: $53,5772014Revenue 2015: $126,733Expenses 2015: $108,068Net Income 2015: $18,6652015Revenue 2016: $42,333Expenses 2016: $119,621Net Income 2016: -$77,2882016Revenue 2017: $21,595Expenses 2017: $39,063Net Income 2017: -$17,4682017Revenue 2018: $17,121Expenses 2018: $28,238Net Income 2018: -$11,1172018Revenue 2019: $16,743Expenses 2019: $20,370Net Income 2019: -$3,6272019Revenue 2020: $1,628Expenses 2020: $1,100Net Income 2020: $5282020Revenue 2021: $821Expenses 2021: $26,300Net Income 2021: -$25,4792021Revenue 2022: $518Expenses 2022: $31,349Net Income 2022: -$30,8312022Revenue 2023: $15,804Expenses 2023: $34,992Net Income 2023: -$19,1882023

Highlighted filing

2023

Revenue$15,804
Expenses$34,992
Net Income-$19,188
Open 2023 Filing

Filings

Most recent year

2023 • Form 990PFSummary only. Only limited summary data is available for this year.

Open filing
Assets
$139,193
Liabilities
$1
Net assets
-
Revenue
$15,804
Expenses
$34,992
Net income
-$19,188
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.39$0.00$0.16$0.35$0.19
2022Detailed filing. Detailed filing data is available for this year.$1.58$0.00$1.58$0.01$0.31$0.31
2021Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.01$0.26$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.00$2.15$0.02$0.01$0.01
2019Summary only. Only limited summary data is available for this year.$2.14$0.00$0.17$0.20$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.00$2.18$0.17$0.28$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.00$2.29$0.22$0.39$0.17
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.00$2.46$0.42$1.20$0.77
2015Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$1.27$1.08$0.19
2014Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$1.30$0.76$0.54
2013Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$1.42$0.68$0.74
2012Summary only. Only limited summary data is available for this year.$1.77$0.00$2.17$0.40$1.77
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GREGORY S LEEExecutive Director-$0--
CECIL L ACHORDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Founders Scholarship Fund Inc
EIN
45-4713485
Phone
7578537683
Address
5409 BEAMON ROAD, NORFOLK, VA 23513

Signing Officer

Name
Gregory S Lee
Title
Executive Director
Phone
7578537683
Signed
2023-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Brown Edwards & Company Llp
Address
701 TOWN CENTER DRIVE SUITE 700, NEWPORT NEWS, VA 23606
Preparer
Hugh Barlow
Phone
7578731033
Raw XML Appendix279 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.

Path#Value
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0SCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT JAMES MADISON UNIVERSITY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1SCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT UNIVERSITY OF HAWAII AT MANOA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1I
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0MIKAHLYNN PAGE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1META BRADLEY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt05010 OLD COURTHOUSE ROAD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt192-472 AKAULA STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0APPOMATTOX
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1KAPOLEI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0VA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1HI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd024522
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd196707
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt030149
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt00
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt050
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt050
TaxesSchedule/TaxesDetail/Amt025
TaxesSchedule/TaxesDetail/CategoryTxt0OTHER TAXES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt025
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY S LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07578537683
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDERS SCHOLARSHIP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0454713485
ReturnHeader/Filer/PhoneNum07578537683
ReturnHeader/Filer/USAddress/AddressLine1Txt05409 BEAMON ROAD
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023513
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0540504608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN EDWARDS & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0701 TOWN CENTER DRIVE SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEWPORT NEWS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023606
ReturnHeader/PreparerPersonGrp/PhoneNum07578731033
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HUGH BARLOW
ReturnHeader/ReturnTs02023-11-03T13:39:16-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREGORY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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