Civic Intelligence

Best Beginnings

990 • Fiscal year 2015 • EIN 45-5066055

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 19, 2016

3350 Commercial DriveAnchorage, AK 99501

(907) 397-3300

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$95,000

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

78%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$685,542

Up $300,488 (+78%) from 2014

Net Assets

Up

$641,843

Up $284,918 (+80%) from 2014

Liabilities

Up

$43,699

Up $15,570 (+55%) from 2014

Revenue

Up

$1,428,674

Up $178,357 (+14%) from 2014

Expenses

Down

$1,143,756

Down $22,755 (-2.0%) from 2014

Net Income

Up

$284,918

Up $201,112 (+240%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $366,880Liabilities 2013: $93,761Net Assets 2013: $273,1192013Assets 2014: $385,054Liabilities 2014: $28,129Net Assets 2014: $356,9252014Assets 2015: $685,542Liabilities 2015: $43,699Net Assets 2015: $641,8432015Assets 2016: $626,273Liabilities 2016: $15,925Net Assets 2016: $610,3482016Assets 2017: $596,781Liabilities 2017: $16,660Net Assets 2017: $580,1212017Assets 2018: $530,816Liabilities 2018: $18,003Net Assets 2018: $512,8132018Assets 2019: $463,613Liabilities 2019: $19,141Net Assets 2019: $444,4722019Assets 2020: $423,835Liabilities 2020: $42,015Net Assets 2020: $381,8202020Assets 2021: $401,810Liabilities 2021: $70,976Net Assets 2021: $330,8342021Assets 2022: $371,398Liabilities 2022: $78,541Net Assets 2022: $292,8572022Assets 2023: $320,871Liabilities 2023: $32,129Net Assets 2023: $288,7422023Assets 2024: $221,029Liabilities 2024: $48,428Net Assets 2024: $172,6012024

Highlighted filing

2015

Assets$685,542
Liabilities$43,699
Net Assets$641,843

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $1,392,379Expenses 2013: $1,129,260Net Income 2013: $263,1192013Revenue 2014: $1,250,317Expenses 2014: $1,166,511Net Income 2014: $83,8062014Revenue 2015: $1,428,674Expenses 2015: $1,143,756Net Income 2015: $284,9182015Revenue 2016: $655,833Expenses 2016: $689,308Net Income 2016: -$33,4752016Revenue 2017: $599,347Expenses 2017: $629,574Net Income 2017: -$30,2272017Revenue 2018: $554,278Expenses 2018: $621,586Net Income 2018: -$67,3082018Revenue 2019: $592,675Expenses 2019: $661,016Net Income 2019: -$68,3412019Revenue 2020: $710,041Expenses 2020: $772,693Net Income 2020: -$62,6522020Revenue 2021: $728,768Expenses 2021: $779,754Net Income 2021: -$50,9862021Revenue 2022: $585,904Expenses 2022: $623,881Net Income 2022: -$37,9772022Revenue 2023: $551,648Expenses 2023: $555,763Net Income 2023: -$4,1152023Revenue 2024: $728,790Expenses 2024: $844,931Net Income 2024: -$116,1412024

Highlighted filing

2015

Revenue$1,428,674
Expenses$1,143,756
Net Income$284,918
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 19, 2016
Return Version
2014v6.0
Gross Receipts
$1,428,674
Mission and Program Overview

Mission

Best Beginnings is a public-private partnership that mobilizes people and resources to ensure all

Children 0-5 through Imagination Library, bringing a free, quality, age-appropriate book monthly to more than 21,000 children in 113 communities. We support six Early Childhood Partnerships that determine what their communities need for young children. We develop and implement public awareness campaigns to increase Alaskan's knowledge of early childhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$370,160$665,408▲ $295,248
Accounts Receivable$7,000$13,243▲ $6,243
Land, Buildings, and Equipment, Net$7,894$6,891▼ $1,003
Total Assets$385,054$685,542▲ $300,488
Liabilities
Accounts Payable and Accrued Expenses$26,016$41,436▲ $15,420
Deferred Revenue$2,113$2,263▲ $150
Total Liabilities$28,129$43,699▲ $15,570
Net Assets / Fund Balance
Temporarily Rstr Net Assets$149,551$540,323▲ $390,772
Unrestricted Net Assets$207,374$101,520▼ $105,854
Total Net Assets Fund Balance$356,925$641,843▲ $284,918
Total Liabilities and Net Assets / Fund Balance$385,054$685,542▲ $300,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,891$7,958$14,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abbe HensleyExecutive DirectorFT$95,000$95,000

Board Members and Trustees

NameTitle
Margaret BauerBoard Chair
Holly WillmanVice Chair
David WightMember
Debi BaldwinMember
Karen MatthiasMember
Kim ReitmeierMember
Lorie MorrisMember
Monica KaneMember
Scott KendallMember
Sue HullMember
Gara BridwellSecretary
Grant ToddTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,419,947
Program Service Revenue
$6,904
Investment Income
$1,823
Other Revenue
$0
All Other Contributions
$457,447
Change in Net Assets
$284,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,428,674
Total Revenue per Audited Statements
$1,428,674
Total Revenue per Form 990
$1,428,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$422,699
Grants and Similar Amounts Paid$383,961
Salaries, Compensation, and Employee Benefits$337,096
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$383,961--$383,961
Other Salaries and Wages$125,325$90,505$0$215,830
Current Officers, Directors, Trustees, and Key Employees$55,100$39,900$0$95,000
Travel$23,252$5,369$0$28,621
Occupancy$18,510$9,255$0$27,765
Payroll Taxes$15,234$11,032$0$26,266
Other Expenses$11,642$5,820$0$17,462
Information Technology$10,225$5,113$0$15,338
Fees for Services Accounting$0$13,974$0$13,974
Office Expenses$6,861$5,540$0$12,401
Depreciation Depletion$0$2,502$0$2,502
All Other Expenses$0$2,356$0$2,356
Insurance$0$1,955$0$1,955
Fees for Services Other$0$871$0$871
Fees for Services Legal$0$25$0$25
Total Functional Expenses$939,705$204,051$0$1,143,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,143,756
Total Expenses per Audited Statements$1,143,756
Total Expenses per Form 990$1,143,756
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
AEYC Southeast AlaskaJuneau, AK501(c)(3)Imagination Library$97,252
Mat-Su Schools FoundationWasilla, AK501(c)(3)Imagination Library$59,000
Fairbanks North Star BoroughFairbanks, AK501(c)(3)Early Childhood Dev$52,500
Sprout Family ServicesHomer, AK501(c)(3)Library$46,688
United Way of Mat-SuPalmer, AK-Early Childhood Dev$45,000
Bridges Community Resource NetworkSoldotna, AK501(c)(3)Imagination Library$16,800
North Star Imagination LibraryFairbanks, AK501(c)(3)Imagination Library$14,635
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Best Beginnings
EIN
45-5066055
Phone
9073973300
Address
3350 Commercial Drive, Anchorage, AK 99501

Signing Officer

Name
Abbe Hensley
Title
Executive Director
Phone
9073973300
Signed
2016-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abbe Hensley
Formed
2006
Legal Domicile
Ak
Voting Board Members
11
Independent Board Members
11
Employees
9
Volunteers
40

Preparer

Firm
Foster and Company LLC
Address
PO BOX 872194, WASILLA, AK 99687-2194
Preparer
Karen M Foster
Phone
9073766901
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Executive Director, Board Chair, and Treasurer review the return once completed by the Organization's accountant. Once it is reviewed and agreed upon, the review team provides a copy of the return to the Board of Directors before it is filed.

Pt VI, Line 12C

The written conflict of interest policy is referred to in their job description as a signed agreement for their conduct to be in accordance with the Bylaws.

Pt VI, Line 19

Upon request.

Form 990, Part III, Line 4D

All other programs 203797. 0. 692766.

Financial Statement Notes

Pt X, Line 2

Best Beginnings is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code whereby only unrelated business income, as defined by Section 512(a)(1) of the Internal Revenue Code, is subject to Federal income tax. Best Beginnings had no unrelated business activities for the year ended June 30, 2015. Best Beginnings applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. Best Beginnings annually reviews its positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements. Best Beginnings believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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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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IRS990/Desc0DOLLY PARTON'S IMAGINATION LIBRARY - BEST BEGINNINGS IS THE STATEWIDE SPONSOR OF IMAGINATION LIBRARY IN ALASKA AND PROVIDES TRAINING, TECHNICAL ASSISTANCE, AND SOME FUNDING TO AFFILIATES IN ALASKA. SOME 275,000 BOOKS WERE DELIVERED TO CHILDREN IN FY 2015.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Best Beginnings is exempt from Federal income taxes under Section 501(c)(3) of the Internal Revenue Code whereby only unrelated business income, as defined by Section 512(a)(1) of the Internal Revenue Code, is subject to Federal income tax. Best Beginnings had no unrelated business activities for the year ended June 30, 2015. Best Beginnings applies the provisions of Topic 740 of the FASB Accounting Standards Codification relating to accounting for uncertainty in income taxes. Best Beginnings annually reviews its positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements. Best Beginnings believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Imagination Library
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Early Childhood Dev
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Bridges Community Resource Network
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Mat-Su Schools Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2North Star Imagination Library
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3AEYC Southeast Alaska
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Fairbanks North Star Borough
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Sprout Family Services
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6United Way of Mat-Su
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IRS990ScheduleI/RecipientTable/RecipientEIN5920228966
IRS990ScheduleI/RecipientTable/RecipientEIN6920126154

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