Civic Intelligence

Ibis Charities Foundation Inc.

990 • Fiscal year 2017 • EIN 46-0639640

Jul 01, 2016 to Jun 30, 2017 • Filed on May 25, 2018

8225 Ibis BoulevardWest Palm Beach, FL 33412

(561) 799-2341

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-10%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-43%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$28,852

Down $22,063 (-43%) from 2016

Net Assets

Down

$28,852

Down $21,171 (-42%) from 2016

Liabilities

Down

$0

Down $892 (-100%) from 2016

Revenue

Up

$209,258

Up $68,916 (+49%) from 2016

Expenses

Up

$230,429

Up $49,734 (+28%) from 2016

Net Income

Up

-$21,171

Up $19,182 (+48%) from 2016

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $20,762Liabilities 2013: $5,5862013Assets 2014: $23,873Liabilities 2014: $1,4652014Assets 2015: $92,052Liabilities 2015: $1,676Net Assets 2015: $90,3762015Assets 2016: $50,915Liabilities 2016: $892Net Assets 2016: $50,0232016Assets 2017: $28,852Liabilities 2017: $0Net Assets 2017: $28,8522017Assets 2018: $37,200Liabilities 2018: $163Net Assets 2018: $37,0372018Assets 2019: $33,714Liabilities 2019: $0Net Assets 2019: $33,7142019Assets 2020: $223,410Liabilities 2020: $12,407Net Assets 2020: $211,0032020Assets 2021: $290,016Liabilities 2021: $35,807Net Assets 2021: $254,2092021Assets 2022: $358,709Liabilities 2022: $48,744Net Assets 2022: $309,9652022Assets 2023: $371,999Liabilities 2023: $36,014Net Assets 2023: $335,9852023Assets 2024: $223,709Liabilities 2024: $26,402Net Assets 2024: $197,3072024

Highlighted filing

2017

Assets$28,852
Liabilities$0
Net Assets$28,852

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $98,968Expenses 2013: $105,363Net Income 2013: -$6,3952013Revenue 2014: $106,453Expenses 2014: $99,221Net Income 2014: $7,2322014Revenue 2015: $245,834Expenses 2015: $177,866Net Income 2015: $67,9682015Revenue 2016: $140,342Expenses 2016: $180,695Net Income 2016: -$40,3532016Revenue 2017: $209,258Expenses 2017: $230,429Net Income 2017: -$21,1712017Revenue 2018: $295,263Expenses 2018: $287,078Net Income 2018: $8,1852018Revenue 2019: $328,435Expenses 2019: $331,758Net Income 2019: -$3,3232019Revenue 2020: $486,291Expenses 2020: $309,002Net Income 2020: $177,2892020Revenue 2021: $282,641Expenses 2021: $239,435Net Income 2021: $43,2062021Revenue 2022: $480,562Expenses 2022: $424,806Net Income 2022: $55,7562022Revenue 2023: $503,356Expenses 2023: $477,336Net Income 2023: $26,0202023Revenue 2024: $556,489Expenses 2024: $695,167Net Income 2024: -$138,6782024

Highlighted filing

2017

Revenue$209,258
Expenses$230,429
Net Income-$21,171
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 25, 2018
Return Version
2016v3.0
Gross Receipts
$367,501
Mission and Program Overview

Mission

Ibis Charities Foundation Promotes the well being of Palm Beach County citizens by granting financial assistance to non-profit organizations that provide valuable services to the community.

Promote the well being of Palm Beach County citizens by providing financial support to various caring nonprofit organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$50,023$28,852▼ $21,171
Cash and Non-Interest-Bearing Accounts$48,915$26,318▼ $22,597
Accounts Receivable$2,000$2,534▲ $534
Total Assets$50,915$28,852▼ $22,063
Liabilities
Accounts Payable and Accrued Expenses$892--
Total Liabilities$892$0▼ $892
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,023$28,852▼ $21,171
Total Liabilities and Net Assets / Fund Balance$50,915$28,852▼ $22,063
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sharon BrossPresident
Pamela RyanVice President
Beverly DunnDirector
David EdelsteinDirector
Gary ThompsonDirector
Roseann NardoniDirector
Stephen SilverDirector
Patricia EngelSecretary
Lawrence SkatoffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$261,141
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-51,883
All Other Contributions
$142,510
Change in Net Assets
$-21,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$213,633
Other Expenses$16,796
Total Fundraising Expense$7,681
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$213,633--$213,633
Office Expenses-$3,988$2,755$6,743
Advertising--$2,511$2,511
Information Technology-$1,155$1,155$2,310
Insurance-$1,601-$1,601
Fees for Services Other--$1,260$1,260
Fees for Services Legal-$480-$480
Other Expenses-$10-$10
Total Functional Expenses$213,633$9,115$7,681$230,429
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PB County Food BankLantana, FL501c3Food Security$12,933
The Glades Initiative IncBelle Glade, FL501c 3General support$10,800
Child Protection TeamWest Palm Beach, FL501c3Personal hygiene packages$8,300
FL Outreach for the BlindPalm Springs, FL501c3General support$8,300
The Arc of The GladesBelle Glade, FL501c3General support$6,800
Adopt-A-FamilyLake Worth, FL501c3General support$5,800
Autism Project of PBCJupiter, FL501c3General support$5,800
Ctr for Creative EducationWest Palm Beach, FL501c3General support$5,800
Healthy Mothers Healthy BWest Palm Beach, FL501c3Food supplies$5,800
Homeless Coalition of PBCWest Palm Beach, FL501c3Provide meals$5,800
Jeff Industries IncHypoluxo, FL501c3Training material supplie$5,800
Paws for Liberty IncLake Worth, FL501c3Training for dogs of Vets$5,800
Police Athletic League ofWest Palm Beach, FL501c3Youth education programs$5,800
Speak Up for Kids of PBCWest Palm Beach, FL501c3Guardian Ad Litem team$5,800
WPB Police FoundationWest Palm Beach, FL501c3Shop With a Cop Program$5,800
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$158,111
Fundraising Gross Income$100,160
Gaming Gross Income$6,200
Gaming Direct Expenses$132
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$70,025$17,095-$17,095
Golf$39,250$11,700$5,209$6,491
Total Events$222,666$100,160$158,111$-57,951
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
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

Part VI Line 11B

The Director of Finance reviews the 990 with the board Treasurer and/or

Part VI Line 11B

President, prior to filing

Part VI Line 12C

Board members are asked to sign a conflict of interest acknowledgment

Part VI Line 19

Governing documents, conflict of interest policy and financial statements

Part VI Line 19

are available upon request.

Filing and Contact Details

Filer

Filer Name
Ibis Charities Foundation Inc
EIN
46-0639640
In Care Of
% Sharon Bross
Phone
5617992341
Address
8225 Ibis Boulevard, West Palm Beach, FL 33412

Signing Officer

Name
Sharon Bross
Title
President
Phone
5617992341
Signed
2018-05-25

Organization Details

Principal Officer
Sharon Bross
Formed
2012
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
100
Supplemental Narrative

Additional Explanations

Part IX Line 11G

Labor for mailing Total expenses - $1260.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $1260.00

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IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt028324
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt034082
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt070025
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt039250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0113391
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0222666
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt017095
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt071365
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0100160
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-57951
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt051075
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt051075
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt067745
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt072954
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05209
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt010800
IRS990ScheduleI/RecipientTable/CashGrantAmt18300
IRS990ScheduleI/RecipientTable/CashGrantAmt28300
IRS990ScheduleI/RecipientTable/CashGrantAmt36800
IRS990ScheduleI/RecipientTable/CashGrantAmt45800
IRS990ScheduleI/RecipientTable/CashGrantAmt55800
IRS990ScheduleI/RecipientTable/CashGrantAmt65800
IRS990ScheduleI/RecipientTable/CashGrantAmt75800
IRS990ScheduleI/RecipientTable/CashGrantAmt85800
IRS990ScheduleI/RecipientTable/CashGrantAmt95800
IRS990ScheduleI/RecipientTable/CashGrantAmt105800
IRS990ScheduleI/RecipientTable/CashGrantAmt1112933
IRS990ScheduleI/RecipientTable/CashGrantAmt125800
IRS990ScheduleI/RecipientTable/CashGrantAmt135800
IRS990ScheduleI/RecipientTable/CashGrantAmt145800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c 3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
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IRS990ScheduleI/RecipientTable/IRCSectionDesc14501c3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt140
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Personal hygiene packages
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Food supplies
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Provide meals
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Training material supplie
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Youth education programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8Training for dogs of Vets
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9Guardian Ad Litem team
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10Shop With a Cop Program
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11Food Security
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12General support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13General support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Glades Initiative Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Child Protection Team
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2FL Outreach for the Blind
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3The Arc of The Glades
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Healthy Mothers Healthy B
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5Homeless Coalition of PBC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Jeff Industries Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7Police Athletic League of
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8Paws for Liberty Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9Speak Up for Kids of PBC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10WPB Police Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11PB County Food Bank
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12Adopt-A-Family
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13Autism Project of PBC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14Ctr for Creative Education
IRS990ScheduleI/RecipientTable/RecipientEIN0010733180
IRS990ScheduleI/RecipientTable/RecipientEIN1650746922
IRS990ScheduleI/RecipientTable/RecipientEIN2550827232
IRS990ScheduleI/RecipientTable/RecipientEIN3591760374
IRS990ScheduleI/RecipientTable/RecipientEIN4592657051
IRS990ScheduleI/RecipientTable/RecipientEIN5650125852
IRS990ScheduleI/RecipientTable/RecipientEIN6592516157
IRS990ScheduleI/RecipientTable/RecipientEIN7650929021
IRS990ScheduleI/RecipientTable/RecipientEIN8412171368
IRS990ScheduleI/RecipientTable/RecipientEIN9800345608
IRS990ScheduleI/RecipientTable/RecipientEIN10592293239
IRS990ScheduleI/RecipientTable/RecipientEIN11900788707
IRS990ScheduleI/RecipientTable/RecipientEIN12592471253
IRS990ScheduleI/RecipientTable/RecipientEIN13522007008
IRS990ScheduleI/RecipientTable/RecipientEIN14650594599
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0141 SE Ave C
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15305 Greenwood Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22315 S Congress Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt34250 NW 16 St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4901 Northpoint Parkway Ste 403
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5810 Datura Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6113 East Coast Avenue
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7720 Tamarind Ave
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt88939 Palomina Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9PO Box 1896
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10PO Box 851
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11525 Gator Drive
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt121712 Second Avenue North
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1318370 Limestone Creek Road
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14425 24 Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Belle Glade
IRS990ScheduleI/RecipientTable/USAddress/CityNm1West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Palm Springs
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Belle Glade
IRS990ScheduleI/RecipientTable/USAddress/CityNm4West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm5West Palm Beach
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Hypoluxo

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Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits