Civic Intelligence

The Dr Michael J Welch Foundation

990PF • Fiscal year 2016 • EIN 45-4901204

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2016 filings • <$500k nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.00x

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

2016 filings • <$500k nonprofits • Source year 2016

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2016 filings • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2016 filings • <$500k nonprofits • Source year 2016

Asset Growth

83rd percentile

34%

Faster asset growth than 83% of similar nonprofits.

2016 filings • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

2051%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$9,389

Up $2,406 (+34%) from 2015

Net Assets

Up

$9,389

Up $2,406 (+34%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin73rd percentile

Revenue

Up

$14,931

Up $14,237 (+2051%) from 2015

Expenses

Up

$12,525

Up $9,275 (+285%) from 2015

Net Income

Up

$2,406

Up $4,962 (+194%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$20K$15K$10K$5.0K$0Assets 2013: $18,888Liabilities 2013: $02013Assets 2014: $9,539Liabilities 2014: $0Net Assets 2014: $9,5392014Assets 2015: $6,983Liabilities 2015: $0Net Assets 2015: $6,9832015Assets 2016: $9,389Liabilities 2016: $0Net Assets 2016: $9,3892016Assets 2017: $7,106Liabilities 2017: $0Net Assets 2017: $7,1062017Assets 2018: $8,082Liabilities 2018: $0Net Assets 2018: $8,0822018Assets 2019: $10,804Liabilities 2019: $0Net Assets 2019: $10,8042019Assets 2020: $8,533Liabilities 2020: $0Net Assets 2020: $8,5332020Assets 2021: $5,064Liabilities 2021: $0Net Assets 2021: $5,0642021Assets 2022: $6,954Liabilities 2022: $0Net Assets 2022: $6,9542022Assets 2023: $4,965Liabilities 2023: $0Net Assets 2023: $4,9652023Assets 2024: $2,022Liabilities 2024: $0Net Assets 2024: $2,0222024

Highlighted filing

2016

Assets$9,389
Liabilities$0
Net Assets$9,389
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

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

$100K$50K$0-$50KRevenue 2013: $75,219Expenses 2013: $72,592Net Income 2013: $2,6272013Revenue 2014: $15,661Expenses 2014: $25,010Net Income 2014: -$9,3492014Revenue 2015: $694Expenses 2015: $3,250Net Income 2015: -$2,5562015Revenue 2016: $14,931Expenses 2016: $12,525Net Income 2016: $2,4062016Revenue 2017: $1,507Expenses 2017: $3,790Net Income 2017: -$2,2832017Revenue 2018: $6,001Expenses 2018: $5,025Net Income 2018: $9762018Revenue 2019: $6,512Expenses 2019: $3,790Net Income 2019: $2,7222019Revenue 2020: $4Expenses 2020: $2,275Net Income 2020: -$2,2712020Revenue 2021: $1,096Expenses 2021: $4,565Net Income 2021: -$3,4692021Revenue 2022: $25,625Expenses 2022: $23,735Net Income 2022: $1,8902022Revenue 2023: $2,261Expenses 2023: $4,250Net Income 2023: -$1,9892023Revenue 2024: $18Expenses 2024: $2,961Net Income 2024: -$2,9432024

Highlighted filing

2016

Revenue$14,931
Expenses$12,525
Net Income$2,406
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.1
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan WelchPres / Director / Sec-$0--
Filing and Contact Details

Filer

Filer Name
The Dr Michael J Welch Foundation
EIN
45-4901204
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Susan Welch
Title
president
Phone
8008391754
Signed
2017-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix244 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Susan Welch
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LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2016, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $5,000. This amount represents over 25% of the Foundation's net assets of $8,340 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2016. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN WELCH
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Dr Michael J Welch Foundation
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ReturnHeader/Filer/EIN0454901204
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.187.244.114
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02017-11-14T15:53:45-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,389
Liabilities
$0
Net assets
$9,389
Revenue
$14,931
Expenses
$12,525
Net income
$2,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.02$2.96$2.94
2023Detailed filing. Detailed filing data is available for this year.$4.97$0.00$4.97$2.26$4.25$1.99
2022Detailed filing. Detailed filing data is available for this year.$6.95$0.00$6.95$25.6$23.7$1.89
2021Detailed filing. Detailed filing data is available for this year.$5.06$0.00$5.06$1.10$4.57$3.47
2020Detailed filing. Detailed filing data is available for this year.$8.53$0.00$8.53$0.00$2.28$2.27
2019Detailed filing. Detailed filing data is available for this year.$10.8$0.00$10.8$6.51$3.79$2.72
2018Detailed filing. Detailed filing data is available for this year.$8.08$0.00$8.08$6.00$5.03$0.98
2017Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$1.51$3.79$2.28
2016Detailed filing. Detailed filing data is available for this year.$9.39$0.00$9.39$14.9$12.5$2.41
2015Detailed filing. Detailed filing data is available for this year.$6.98$0.00$6.98$0.69$3.25$2.56
2014Detailed filing. Detailed filing data is available for this year.$9.54$0.00$9.54$15.7$25.0$9.35
2013Summary only. Only limited summary data is available for this year.$18.9$0.00$75.2$72.6$2.63