Civic Intelligence

Ralph W Searight Educational Tr Fund

990 • Fiscal year 2015 • EIN 45-7000724

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileN/A
525 N Illinois StIndianapolis, IN 46204

(317) 631-7599

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

4th percentile

-68%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets11th percentile

Assets

$7,717,523

No earlier filing loaded for comparison.

Net Assets

$7,701,053

No earlier filing loaded for comparison.

Liabilities

$16,470

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin4th percentile

Revenue

$452,049

No earlier filing loaded for comparison.

Expenses

$758,979

No earlier filing loaded for comparison.

Net Income

-$306,930

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0Assets 2015: $7,717,523Liabilities 2015: $16,470Net Assets 2015: $7,701,0532015Assets 2016: $7,916,340Liabilities 2016: $11,330Net Assets 2016: $7,905,0102016Assets 2017: $8,533,731Liabilities 2017: $8,143Net Assets 2017: $8,525,5882017Assets 2018: $7,278,948Liabilities 2018: $5,170Net Assets 2018: $7,273,7782018Assets 2019: $8,365,878Liabilities 2019: $0Net Assets 2019: $8,365,8782019Assets 2020: $8,566,421Liabilities 2020: $12,415Net Assets 2020: $8,554,0062020Assets 2021: $9,060,387Liabilities 2021: $10,269Net Assets 2021: $9,050,1182021Assets 2022: $7,317,852Liabilities 2022: $12,539Net Assets 2022: $7,305,3132022Assets 2023: $7,850,407Liabilities 2023: $28,994Net Assets 2023: $7,821,4132023Assets 2024: $8,244,281Liabilities 2024: $44,248Net Assets 2024: $8,200,0332024

Highlighted filing

2015

Assets$7,717,523
Liabilities$16,470
Net Assets$7,701,053
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2015: $452,049Expenses 2015: $758,979Net Income 2015: -$306,9302015Revenue 2016: $496,864Expenses 2016: $532,690Net Income 2016: -$35,8262016Revenue 2017: $325,740Expenses 2017: $538,201Net Income 2017: -$212,4612017Revenue 2018: $303,271Expenses 2018: $585,567Net Income 2018: -$282,2962018Revenue 2019: $407,671Expenses 2019: $631,858Net Income 2019: -$224,1872019Revenue 2020: $327,838Expenses 2020: $509,395Net Income 2020: -$181,5572020Revenue 2021: $895,493Expenses 2021: $572,760Net Income 2021: $322,7332021Revenue 2022: $666,966Expenses 2022: $565,158Net Income 2022: $101,8082022Revenue 2023: $355,711Expenses 2023: $532,686Net Income 2023: -$176,9752023Revenue 2024: $748,123Expenses 2024: $593,999Net Income 2024: $154,1242024

Highlighted filing

2015

Revenue$452,049
Expenses$758,979
Net Income-$306,930
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$3,089,568
Mission and Program Overview

Mission

To provide scholarships for children of members of the masonic lodge in the state of indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,614,888$7,717,523▼ $897,365
Total Assets$8,614,888$7,717,523▼ $897,365
Liabilities
Accounts Payable and Accrued Expenses-$16,470-
Total Liabilities$0$16,470▲ $16,470
Net Assets / Fund Balance
Unrestricted Net Assets$8,614,888$7,701,053▼ $913,835
Total Net Assets Fund Balance$8,614,888$7,701,053▼ $913,835
Total Liabilities and Net Assets / Fund Balance$8,614,888$7,717,523▼ $897,365
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$449,618
Other Revenue
$2,431
Change in Net Assets
$-306,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$452,049
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-562,686
Total Revenue per Audited Statements
$-110,637
Total Revenue per Form 990
$452,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$583,800
Other Expenses$175,179
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$583,800--$583,800
Fees for Service Investment Mgmnt Fees-$93,879-$93,879
Fees for Services Accounting-$35,332-$35,332
Fees for Services Legal-$10,580-$10,580
Other Expenses$27,137$2,385-$2,385
Total Functional Expenses$610,937$148,042$0$758,979

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$803,198
Expenses per Audited Statements$758,979
Total Expenses per Form 990$758,979
Expenses Not Reported on Form 990$44,219
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“Investment committee meets with brokerage firm, but no minutes are taken. Committee chairman may provide a report to the board.”

Form 990, Part VI, Section B, Line 11

“Form 990 will be reviewed by the trustee and signed by the trustee.”

Form 990, Part VI, Section B, Line 12

“The trustee has its own conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“Governing documents will be available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Ralph W Searight Educational
EIN
45-7000724
Phone
3176317599
Address
525 N ILLINOIS ST, INDIANAPOLIS, IN 46204

Signing Officer

Name
Gregory N Jordan
Title
Chairman, Glsb Inc - Trustee
Phone
3176317599
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory N Jordan
Formed
2012
Legal Domicile
In
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240-0857
Preparer
Scott a Schuster
Phone
3175802000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Book/tax adjustment - related entity -27,749. Accrual to cash adjustment -16,470.”

Financial Statement Notes

PART X, LINE 2:

“The trust was a non-exempt charitable trust under section 4947(a)(1) of the irc. Further, charitable contributions made by the trust were deductible, which minimized the income taxes paid by the trust. Effective december 2015, the trust is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Therefore, no provision or liability for income taxes has been included in the financial statements of the trust. There was no income tax expense for 2015 and 2014. The trust files information tax returns and also filed income tax returns through the year ended december 31, 2014 in the u.s. Federal jurisdiction and in the state of indiana. The trust is no longer subject to u.s. Federal and state income tax examinations by tax authorities for years before 2012.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Accrual to cash adjustment 16,470. Book/tax adjustment - related entity 27,749.”

Raw XML Appendix356 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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IRS990/InvestmentInJointVentureInd00
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IRS990/OtherExpensesGrp/Desc1FOREIGN TAX
IRS990/OtherExpensesGrp/Desc2MISC ADMIN EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05866
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IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE TRUST WAS A NON-EXEMPT CHARITABLE TRUST UNDER SECTION 4947(A)(1) OF THE IRC. FURTHER, CHARITABLE CONTRIBUTIONS MADE BY THE TRUST WERE DEDUCTIBLE, WHICH MINIMIZED THE INCOME TAXES PAID BY THE TRUST. EFFECTIVE DECEMBER 2015, THE TRUST IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS OF THE TRUST. THERE WAS NO INCOME TAX EXPENSE FOR 2015 AND 2014. THE TRUST FILES INFORMATION TAX RETURNS AND ALSO FILED INCOME TAX RETURNS THROUGH THE YEAR ENDED DECEMBER 31, 2014 IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF INDIANA. THE TRUST IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH ADJUSTMENT 16,470. BOOK/TAX ADJUSTMENT - RELATED ENTITY 27,749.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0COMPREHENSIVE SCREENING AND APPLICATION PROCESS TO DETERMINE ELIGIBILITY OF SCHOLARSHIP APPLICANTS. INDIVIDUAL SCHOLARSHIPS ARE APPROVED BY THE BOARD OF DIRECTORS OF THE TRUSTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INVESTMENT COMMITTEE MEETS WITH BROKERAGE FIRM, BUT NO MINUTES ARE TAKEN. COMMITTEE CHAIRMAN MAY PROVIDE A REPORT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WILL BE REVIEWED BY THE TRUSTEE AND SIGNED BY THE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEE HAS ITS OWN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK/TAX ADJUSTMENT - RELATED ENTITY -27,749. ACCRUAL TO CASH ADJUSTMENT -16,470.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0525 N ILLINOIS STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046204
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08614888
IRS990/TotalAssetsEOYAmt07717523
IRS990/TotalAssetsGrp/BOYAmt08614888
IRS990/TotalAssetsGrp/EOYAmt07717523
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0148042
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0610937
IRS990/TotalFunctionalExpensesGrp/TotalAmt0758979
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt016470
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt016470
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08614888
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07701053
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0610937
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0452049
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0452049
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08614888
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07717523
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt08614888
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07701053
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0525 N ILLINOIS ST
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046204
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY N JORDAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN, GLSB INC - TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03176317599
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RALPH W SEARIGHT EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRUST FUND
ReturnHeader/Filer/BusinessNameControlTxt0RALP
ReturnHeader/Filer/EIN0457000724
ReturnHeader/Filer/PhoneNum03176317599
ReturnHeader/Filer/USAddress/AddressLine1Txt0525 N ILLINOIS ST
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046204
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352123203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KSM BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 40857
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462400857
ReturnHeader/PreparerPersonGrp/PhoneNum03175802000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT A SCHUSTER
ReturnHeader/ReturnTs02016-11-15T12:06:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,717,523
Liabilities
$16,470
Net assets
$7,701,053
Revenue
$452,049
Expenses
$758,979
Net income
-$306,930
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.24$0.04$8.20$0.75$0.59$0.15
2023Summary only. Only limited summary data is available for this year.$7.85$0.03$7.82$0.36$0.53$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.32$0.01$7.31$0.67$0.57$0.10
2021Summary only. Only limited summary data is available for this year.$9.06$0.01$9.05$0.90$0.57$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.57$0.01$8.55$0.33$0.51$0.18
2019Summary only. Only limited summary data is available for this year.$8.37$0.00$8.37$0.41$0.63$0.22
2018Summary only. Only limited summary data is available for this year.$7.28$0.01$7.27$0.30$0.59$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.53$0.01$8.53$0.33$0.54$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.92$0.01$7.91$0.50$0.53$0.04
2015Detailed filing. Detailed filing data is available for this year.$7.72$0.02$7.70$0.45$0.76$0.31