Civic Intelligence

Best Beginnings

990 • Fiscal year 2020 • EIN 45-5066055

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 19, 2021

3350 Commercial Drive Ste 104AAnchorage, AK 99501

(907) 297-3300

Siviq Scores

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

Liabilities / Assets

59th percentile

0.10x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.06x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

25th percentile

-8.8%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$95,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

13th percentile

-8.6%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$423,835

Down $39,778 (-8.6%) from 2019

Net Assets

Down

$381,820

Down $62,652 (-14%) from 2019

Liabilities

Up

$42,015

Up $22,874 (+120%) from 2019

Revenue

Up

$710,041

Up $117,366 (+20%) from 2019

Expenses

Up

$772,693

Up $111,677 (+17%) from 2019

Net Income

Up

-$62,652

Up $5,689 (+8.3%) from 2019

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

2020

Assets$423,835
Liabilities$42,015
Net Assets$381,820

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

2020

Revenue$710,041
Expenses$772,693
Net Income-$62,652
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 19, 2021
Return Version
2019v5.0
Gross Receipts
$710,041
Mission and Program Overview

Mission

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

Best beginnings moblizies people and resources to ensure all alaska children begin school ready to succeed. Free, quality books to more than 18,000 children 0-5 in over 100 communities. Parent education and community campaigns on early childhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$438,914$401,087▼ $37,827
Prepaid Expenses and Deferred Charges$17,366$16,717▼ $649
Pledges and Grants Receivable$5,887$6,031▲ $144
Land, Buildings, and Equipment, Net$1,446--
Total Assets$463,613$423,835▼ $39,778
Liabilities
Accounts Payable and Accrued Expenses$19,141$24,188▲ $5,047
Other Liabilities-$17,827-
Total Liabilities$19,141$42,015▲ $22,874
Net Assets / Fund Balance
Net Assets With Donor Restrictions$401,414$379,755▼ $21,659
Net Assets Without Donor Restrictions$43,058$2,065▼ $40,993
Total Net Assets Fund Balance$444,472$381,820▼ $62,652
Total Liabilities and Net Assets / Fund Balance$463,613$423,835▼ $39,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$12,276$12,276
Compensation and Service Providers

Employees

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$704,154
Program Service Revenue
$4,325
Investment Income
$1,562
Other Revenue
$0
All Other Contributions
$194,352
Change in Net Assets
$-62,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$710,041
Total Revenue per Audited Statements
$710,041
Total Revenue per Form 990
$710,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$410,087
Salaries, Compensation, and Employee Benefits$282,586
Grants and Similar Amounts Paid$80,020
Total Fundraising Expense$33,573
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$91,896$41,917$25,031$158,844
Current Officers, Directors, Trustees, and Key Employees$51,341$51,341-$102,682
Grants to Domestic Orgs$80,020--$80,020
Occupancy$19,050$9,525-$28,575
Payroll Taxes$13,360$5,622$2,078$21,060
Fees for Services Accounting$8,551$7,628-$16,179
Office Expenses$13,175$1,104-$14,279
Information Technology$1,884$2,682$3,300$7,866
Insurance-$4,356-$4,356
Fees for Services Other$4,344--$4,344
Travel$1,969$1,778-$3,747
Depreciation Depletion-$1,446-$1,446
Other Expenses$1,422$720$650$650
Fees for Services Legal-$170-$170
Total Functional Expenses$610,831$128,289$33,573$772,693

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$772,693
Total Expenses per Audited Statements$772,693
Total Expenses per Form 990$772,693
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Aeyc Southeast AlaskaJuneau, AK501c3Imagination Library$20,250
Mat-su Imagination LibraryWasilla, AK501c3Imagination Library$20,000
North Star Imagination LibraryFairbanks, AK501c3Imagination Library$20,000
Bridges Community Resources NetworkSoldotna, AK501c3Imagination Library$9,000
Sprout Family ServicesHomer, AK501c3Imagination Library$6,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances - Ppp$17,827
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The executive director, board chair, and treasurer review the return once completed. 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.

Form 990, Page 6, Part 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.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Best Beginnings
EIN
45-5066055
Phone
9072973300
Address
3350 COMMERCIAL DRIVE STE 104A, ANCHORAGE, AK 99501

Signing Officer

Name
Abbe Hensley
Title
Executive Director
Phone
9073973300
Signed
2021-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abbe Hensley
Formed
2006
Legal Domicile
Ak
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
10

Preparer

Firm
Porter & Allison Inc
Address
18701 DENMARK CIR, ANCHORAGE, AK 99516
Preparer
David Porter
Phone
9077272727
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization applies the provisions of topic 740 of the fasb accounting standards codification relating to accounting for uncertainty in income taxes. The organization annually reviews its positions taken in accordance with the recognition standards that would require disclosure or adjustment in these financial statements. The organization 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCES - PPP
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION APPLIES THE PROVISIONS OF TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION ANNUALLY REVIEWS ITS POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS THAT WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SPROUT FAMILY SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NORTH STAR IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2AEYC SOUTHEAST ALASKA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MAT-SU IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4BRIDGES COMMUNITY RESOURCES NETWORK
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03691 BEN WALTERS LN 4
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, BOARD CHAIR, AND TREASURER REVIEW THE RETURN ONCE COMPLETED. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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