Civic Intelligence

Purple & Gray Foundation Inc.

990 • Fiscal year 2016 • EIN 45-5339253

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 01, 2017

Organization ProfileWWW.PURPLEANDGRAY.ORG
520 Washington StBurlington, IA 52601

(319) 752-8899

Siviq Scores

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

Liabilities / Assets

98th percentile

2.85x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

0.46x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-71%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$47,490

Down $31,887 (-40%) from 2015

Net Assets

Up

-$87,753

Up $249,995 (+74%) from 2015

Liabilities

Down

$135,243

Down $281,882 (-68%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin97th percentile

Revenue

Down

$293,699

Down $717,613 (-71%) from 2015

Expenses

Down

$43,704

Down $1,668,316 (-97%) from 2015

Net Income

Up

$249,995

Up $950,703 (+136%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$500K$0-$500KAssets 2014: $362,960Liabilities 2014: $0Net Assets 2014: $362,9602014Assets 2015: $79,377Liabilities 2015: $417,125Net Assets 2015: -$337,7482015Assets 2016: $47,490Liabilities 2016: $135,243Net Assets 2016: -$87,7532016Assets 2017: $121,482Liabilities 2017: $0Net Assets 2017: $121,4822017Assets 2018: $4,485Liabilities 2018: $388,068Net Assets 2018: -$383,5832018Assets 2019: $2,376Liabilities 2019: $168,673Net Assets 2019: -$166,2972019Assets 2020: $19,510Liabilities 2020: $86,429Net Assets 2020: -$66,9192020Assets 2021: $2,577Liabilities 2021: $6,562Net Assets 2021: -$3,9852021Assets 2022: $51,734Liabilities 2022: $0Net Assets 2022: $51,7342022Assets 2023: $98,883Net Assets 2023: $98,8832023Assets 2024: $92,821Net Assets 2024: $92,8212024

Highlighted filing

2016

Assets$47,490
Liabilities$135,243
Net Assets-$87,753
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2014: $1,601,524Expenses 2014: $1,250,564Net Income 2014: $350,9602014Revenue 2015: $1,011,312Expenses 2015: $1,712,020Net Income 2015: -$700,7082015Revenue 2016: $293,699Expenses 2016: $43,704Net Income 2016: $249,9952016Revenue 2017: $251,442Expenses 2017: $42,207Net Income 2017: $209,2352017Revenue 2018: $333,335Expenses 2018: $838,400Net Income 2018: -$505,0652018Revenue 2019: $425,000Expenses 2019: $207,714Net Income 2019: $217,2862019Revenue 2020: $119,515Expenses 2020: $20,137Net Income 2020: $99,3782020Revenue 2021: $87,942Expenses 2021: $25,008Net Income 2021: $62,9342021Revenue 2022: $80,971Expenses 2022: $25,252Net Income 2022: $55,7192022Revenue 2023: $66,274Expenses 2023: $19,125Net Income 2023: $47,1492023Revenue 2024: $11,823Expenses 2024: $17,885Net Income 2024: -$6,0622024

Highlighted filing

2016

Revenue$293,699
Expenses$43,704
Net Income$249,995
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 1, 2017
Return Version
2016v3.0
Gross Receipts
$293,699
Mission and Program Overview

Mission

The purple and gray foundation mission is to assist burlington community school district in developing athletic programs and facilities at the school district.

The purple and gray foundation mission is to assist the burlington community school district in developing athletic programs and facilities at the school district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77,837$44,685▼ $33,152
Savings and Temporary Cash Investments$1,540$1,500▼ $40
Total Assets$79,377$47,490▼ $31,887
Other Assets Total-$1,305-
Liabilities
Unsecured Notes Loans Payable$417,125$135,243▼ $281,882
Total Liabilities$417,125$135,243▼ $281,882
Net Assets / Fund Balance
Unrestricted Net Assets$-337,748$-87,753▲ $249,995
Total Net Assets Fund Balance$-337,748$-87,753▲ $249,995
Total Liabilities and Net Assets / Fund Balance$79,377$47,490▼ $31,887
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Jerry SherwoodCo-chairman
Kevin MuellerPresident
Scott ZaiserSecretary
Jerry CourtneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$293,692
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$293,692
Change in Net Assets
$249,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,243
Grants and Similar Amounts Paid$17,461
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,461--$17,461
Interest$9,827--$9,827
Fees for Services Accounting-$8,994-$8,994
Office Expenses-$3,244-$3,244
Information Technology$2,042--$2,042
Insurance-$1,094-$1,094
Other Expenses$630$60-$60
Total Functional Expenses$29,960$13,744$0$43,704
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Burlington Community SchoolBurlington, IA501c3Athletic Field$17,461
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

“Upon finalization of the returns by the accounting firm; a draft copy is provided to the treasurer for review and discussion with board members. After they have reviewed the return they will contact the accountant and authorize / approve the return for final assembly and release or signature and filing.”

Form 990, Page 6, Part VI, Line 12C

“Board members on an annual basis will review the conflict policy and sign off acknowledging they have read this policy and are in compliance. The board of directors executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such actions as are necessary for effective oversight.”

Form 990, Page 6, Part VI, Line 15A

“Any compensation of employee's will be reviewed and evaluated by the board of directors with the individual being evaluated required to recuse themselves from the process.”

Form 990, Page 6, Part VI, Line 15B

“Any compensation of employee's will be reviewed and evaluated by the board of directors with the individual being evaluated required to recuse themselves from the process.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, policies and financial statements are available upon request. Such request can be directed to the executive committee or by written request mailed to the organziations general address.”

Filing and Contact Details

Filer

Filer Name
Purple & Gray Foundation Inc
EIN
45-5339253
Phone
3197528899
Address
520 WASHINGTON ST, BURLINGTON, IA 52601

Signing Officer

Name
Jerry Courtney
Title
Treasurer
Phone
3197528899
Signed
2017-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Courtney
Formed
2012
Legal Domicile
Ia
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
17

Preparer

Firm
Td&t Cpas and Advisors Pc
Address
323 JEFFERSON STREET, BURLINGTON, IA 52601
Preparer
Brian K Isom CPA
Phone
3197539877
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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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE BOARD OVERSEES CONSTRUCTION AND DOCUMENTS ALL DONATIONS AND MATERIALS ARE USED FOR THE EXCLUSIVE PURPOSE OF RENOVATIONS TO THE ATHLETIC FACILITY FOR WHICH THIS ENTITY WAS FORMED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON FINALIZATION OF THE RETURNS BY THE ACCOUNTING FIRM; A DRAFT COPY IS PROVIDED TO THE TREASURER FOR REVIEW AND DISCUSSION WITH BOARD MEMBERS. AFTER THEY HAVE REVIEWED THE RETURN THEY WILL CONTACT THE ACCOUNTANT AND AUTHORIZE / APPROVE THE RETURN FOR FINAL ASSEMBLY AND RELEASE OR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ON AN ANNUAL BASIS WILL REVIEW THE CONFLICT POLICY AND SIGN OFF ACKNOWLEDGING THEY HAVE READ THIS POLICY AND ARE IN COMPLIANCE. THE BOARD OF DIRECTORS EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY COMPENSATION OF EMPLOYEE'S WILL BE REVIEWED AND EVALUATED BY THE BOARD OF DIRECTORS WITH THE INDIVIDUAL BEING EVALUATED REQUIRED TO RECUSE THEMSELVES FROM THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY COMPENSATION OF EMPLOYEE'S WILL BE REVIEWED AND EVALUATED BY THE BOARD OF DIRECTORS WITH THE INDIVIDUAL BEING EVALUATED REQUIRED TO RECUSE THEMSELVES FROM THE PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SUCH REQUEST CAN BE DIRECTED TO THE EXECUTIVE COMMITTEE OR BY WRITTEN REQUEST MAILED TO THE ORGANZIATIONS GENERAL ADDRESS.
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-337748
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-87753
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0417125
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0135243
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0520 WASHINGTON ST
IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd052601
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PURPLEANDGRAY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY COURTNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03197528899
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PURPLE & GRAY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PURP
ReturnHeader/Filer/EIN0455339253
ReturnHeader/Filer/PhoneNum03197528899
ReturnHeader/Filer/USAddress/AddressLine1Txt0520 WASHINGTON ST
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052601
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CCD344DB358877955BD6CDA542A4954E7FA27565
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId075C0701BF3DCF42FE2A9EF4449B50EA32E2C9AB0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421029744
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TD&T CPAS AND ADVISORS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0323 JEFFERSON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BURLINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd052601
ReturnHeader/PreparerPersonGrp/PhoneNum03197539877
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN K ISOM CPA
ReturnHeader/ReturnTs02017-08-08T10:24:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$47,490
Liabilities
$135,243
Net assets
-$87,753
Revenue
$293,699
Expenses
$43,704
Net income
$249,995
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.01$0.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.10$0.07$0.02$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.08$0.03$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.00$0.09$0.03$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.09$0.07$0.12$0.02$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.17$0.17$0.43$0.21$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.39$0.38$0.33$0.84$0.51
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.25$0.04$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.14$0.09$0.29$0.04$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.08$0.42$0.34$1.01$1.71$0.70
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.60$1.25$0.35