Civic Intelligence

The Korey Foundation

990 • Fiscal year 2014 • EIN 46-1701292

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization ProfileN/A
10628 NE 13th StBellevue, WA 98004-3627

(425) 454-7055

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

51st percentile

3.3%

Higher net margin than 51% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

$65,953

No earlier filing loaded for comparison.

Net Assets

$65,953

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin51st percentile

Revenue

$377,870

No earlier filing loaded for comparison.

Expenses

$365,247

No earlier filing loaded for comparison.

Net Income

$12,623

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.

$80K$60K$40K$20K$0Assets 2014: $65,953Liabilities 2014: $0Net Assets 2014: $65,9532014Assets 2015: $74,626Liabilities 2015: $0Net Assets 2015: $74,6262015Assets 2016: $64,297Liabilities 2016: $0Net Assets 2016: $64,2972016

Highlighted filing

2014

Assets$65,953
Liabilities$0
Net Assets$65,953
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2014: $377,870Expenses 2014: $365,247Net Income 2014: $12,6232014Revenue 2015: $466,800Expenses 2015: $458,127Net Income 2015: $8,6732015Revenue 2016: $374,500Expenses 2016: $384,829Net Income 2016: -$10,3292016

Highlighted filing

2014

Revenue$377,870
Expenses$365,247
Net Income$12,623
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$377,870
Mission and Program Overview

Mission

NONE

The korey foundation's primary acticity is running fundraisers for camp korey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,330$65,953▲ $12,623
Rtn Earn Endowment Incm Other Fnds$53,330$65,953▲ $12,623
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$53,330$65,953▲ $12,623
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$53,330$65,953▲ $12,623
Total Liabilities and Net Assets / Fund Balance$53,330$65,953▲ $12,623
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Robert AbramowitzPresident
Kenney BoydVice President
Melissa MonteroTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$377,870
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$377,870
Change in Net Assets
$12,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,247
Total Fundraising Expense$190,247
Grants and Similar Amounts Paid$175,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$175,000--$175,000
All Other Expenses--$22,597$22,597
Other Expenses--$13,203$13,203
Total Functional Expenses$175,000$0$190,247$365,247
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
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 B, Line 11

“A copy of form 990 will be presented at a board meeting before it was filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Korey Foundation
EIN
46-1701292
Phone
4254547055
Address
10628 NE 13TH ST, BELLEVUE, WA 98004-3627

Signing Officer

Name
Melissa Montero
Title
Member
Phone
4254547055
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Montero
Formed
2012
Legal Domicile
Wa
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Traner Smith & Co Pllc
Address
201 FIFTH AVENUE S SUITE 202, EDMONDS, WA 98020
Preparer
Kenneth G Smith CPA Pfs
Phone
4256408650
Raw XML Appendix252 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/AllOtherExpensesGrp/TotalAmt022597
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER & SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantAmt0175000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0175000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0175000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0377870
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0WA
IRS990/LoanOutstandingInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MissionDesc0NONE
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt053330
IRS990/NetAssetsOrFundBalancesEOYAmt065953
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0HOTEL RENTAL
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IRS990/OtherExpensesGrp/Desc3PRIZES
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IRS990/OtherExpensesGrp/FundraisingAmt160000
IRS990/OtherExpensesGrp/FundraisingAmt230000
IRS990/OtherExpensesGrp/FundraisingAmt313203
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IRS990/OtherExpensesGrp/TotalAmt160000
IRS990/OtherExpensesGrp/TotalAmt230000
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IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt012623
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt053330
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0377870
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ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA MONTERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum04254547055
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE KOREY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0461701292
ReturnHeader/Filer/PhoneNum04254547055
ReturnHeader/Filer/USAddress/AddressLine1Txt010628 NE 13TH ST
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDMONDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098020
ReturnHeader/PreparerPersonGrp/PhoneNum04256408650
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNETH G SMITH CPA PFS
ReturnHeader/ReturnTs02015-11-16T17:26:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,953
Liabilities
$0
Net assets
$65,953
Revenue
$377,870
Expenses
$365,247
Net income
$12,623
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.00$0.64$3.75$3.85$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$4.67$4.58$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$3.78$3.65$0.13