Civic Intelligence

The Korey Foundation

990 • Fiscal year 2015 • EIN 46-1701292

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

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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$74,626

Up $8,673 (+13%) from 2014

Net Assets

Up

$74,626

Up $8,673 (+13%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$466,800

Up $88,930 (+24%) from 2014

Expenses

Up

$458,127

Up $92,880 (+25%) from 2014

Net Income

Down

$8,673

Down $3,950 (-31%) from 2014

Historical Trend

Balance Sheet Trend

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

2015

Assets$74,626
Liabilities$0
Net Assets$74,626

Operations Trend

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

2015

Revenue$466,800
Expenses$458,127
Net Income$8,673
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$466,800
Mission and Program Overview

Mission

NONE

The Korey Foundation's primary activity is running fundraisers for Camp Korey (a non profit).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,953$74,626▲ $8,673
Rtn Earn Endowment Incm Other Fnds$65,953$74,626▲ $8,673
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$65,953$74,626▲ $8,673
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,953$74,626▲ $8,673
Total Liabilities and Net Assets / Fund Balance$65,953$74,626▲ $8,673
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$466,800
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$466,800
Change in Net Assets
$8,673
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$250,000
Other Expenses$208,127
Total Fundraising Expense$208,127
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$250,000--$250,000
Other Expenses--$15,933$15,933
All Other Expenses--$15,556$15,556
Insurance--$2,200$2,200
Total Functional Expenses$250,000$0$208,127$458,127
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
Officer
Phone
4254547055
Signed
2016-11-15
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 Appendix269 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.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/GoverningBodyVotingMembersCnt00
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IRS990/GrantsToIndividualsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA MONTERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum04254547055
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Korey Foundation
ReturnHeader/Filer/BusinessNameControlTxt0KORE
ReturnHeader/Filer/EIN0461701292
ReturnHeader/Filer/PhoneNum04254547055
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ReturnHeader/Filer/USAddress/ZIPCd0980043627
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911657150
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 Fifth Avenue S Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Edmonds
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098020
ReturnHeader/PreparerPersonGrp/PhoneNum04256408650
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kenneth G Smith CPA PFS
ReturnHeader/ReturnTs02016-11-15T18:18:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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