Civic Intelligence

Breakthrough Holdings Inc Nfp

990 • Fiscal year 2015 • EIN 46-3074670

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 18, 2016

402 N St Louis AveChicago, IL 60624

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

79th percentile

0.97x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

161.67x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2015

Net Margin

10th percentile

-204%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

34th percentile

$80,540

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 82.2% of source-year revenue.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Source year 2015

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-88%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)2 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$16,412,033

Down $1,947,120 (-11%) from 2014

Net Assets

Down

$574,262

Down $199,977 (-26%) from 2014

Liabilities

Down

$15,837,771

Down $1,747,143 (-9.9%) from 2014

Revenue

Down

$97,961

Down $721,639 (-88%) from 2014

Expenses

Up

$297,938

Up $252,577 (+557%) from 2014

Net Income

Down

-$199,977

Down $974,216 (-126%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $18,359,153Liabilities 2014: $17,584,914Net Assets 2014: $774,2392014Assets 2015: $16,412,033Liabilities 2015: $15,837,771Net Assets 2015: $574,2622015Assets 2016: $15,995,553Liabilities 2016: $15,850,269Net Assets 2016: $145,2842016Assets 2017: $15,574,671Liabilities 2017: $15,837,769Net Assets 2017: -$263,0982017Assets 2018: $15,154,167Liabilities 2018: $15,837,769Net Assets 2018: -$683,6022018Assets 2019: $14,733,663Liabilities 2019: $15,837,769Net Assets 2019: -$1,104,1062019Assets 2020: $14,313,160Liabilities 2020: $15,837,769Net Assets 2020: -$1,524,6092020Assets 2021: $13,788,239Liabilities 2021: $0Net Assets 2021: $13,788,2392021Assets 2022: $13,368,735Liabilities 2022: $0Net Assets 2022: $13,368,7352022Assets 2023: $12,947,232Liabilities 2023: $0Net Assets 2023: $12,947,2322023

Highlighted filing

2015

Assets$16,412,033
Liabilities$15,837,771
Net Assets$574,262

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $819,600Expenses 2014: $45,361Net Income 2014: $774,2392014Revenue 2015: $97,961Expenses 2015: $297,938Net Income 2015: -$199,9772015Revenue 2016: $174,293Expenses 2016: $603,271Net Income 2016: -$428,9782016Revenue 2017: $185,005Expenses 2017: $593,387Net Income 2017: -$408,3822017Revenue 2018: $185,000Expenses 2018: $605,504Net Income 2018: -$420,5042018Revenue 2019: $185,000Expenses 2019: $605,504Net Income 2019: -$420,5042019Revenue 2020: $185,000Expenses 2020: $605,503Net Income 2020: -$420,5032020Revenue 2021: $80,583Expenses 2021: $507,735Net Income 2021: -$427,1522021Revenue 2022: $1,000Expenses 2022: $420,504Net Income 2022: -$419,5042022Revenue 2023: $1,000Expenses 2023: $422,503Net Income 2023: -$421,5032023

Highlighted filing

2015

Revenue$97,961
Expenses$297,938
Net Income-$199,977
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 18, 2016
Return Version
2014v6.0
Gross Receipts
$97,961
Mission and Program Overview

Mission

Hold title to property, collect income therefrom and turn over such income, less expenses, to breakthrough urban ministries.

Real property holding company for Breakthrough Urban Ministries

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,795,278$16,290,128▲ $6,494,850
Accounts Receivable-$96,250-
Total Assets$18,359,153$16,412,033▼ $1,947,120
Other Assets Total$8,563,875$25,655▼ $8,538,220
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,740,000$15,740,000→ $0
Other Liabilities$1,728,476$0▼ $1,728,476
Accounts Payable and Accrued Expenses$116,438$97,771▼ $18,667
Total Liabilities$17,584,914$15,837,771▼ $1,747,143
Net Assets / Fund Balance
Unrestricted Net Assets$774,239$574,262▼ $199,977
Total Net Assets Fund Balance$774,239$574,262▼ $199,977
Total Liabilities and Net Assets / Fund Balance$18,359,153$16,412,033▼ $1,947,120

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,105,128$273,439$16,378,567
Land$185,000-$185,000
Compensation and Service Providers

Employees

NameTitleOtherTotal
John SmithExecutive Director$80,540$80,540

Board Members and Trustees

NameTitle
Helen KaminskiPresident
Jenny HaasDirector
Kim JacksonDirector
Pastor Cy FieldsDirector
O'Neal MillerSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$96,250
Investment Income
$1,711
Other Revenue
$0
Change in Net Assets
$-199,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$297,938
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$218,635--$218,635
Interest$71,304--$71,304
Fees for Services Other-$6,329-$6,329
Office Expenses-$1,670-$1,670
Total Functional Expenses$289,939$7,999$0$297,938
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The organization's sole member is Breakthrough Urban Ministries, Inc.

Form 990, Part VI, Section A, line 7A

The organization's sole member elects the members of the organization's governing body.

Form 990, Part VI, Section A, line 7B

The organization's sole member can alter, amend, or repeal the organization's Bylaws, can amend the organization's Articles of Incorporation, can call special meetings for the organizaton's governing body, and can remove any member of the governing body for any reason.

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

There are no committees with authority to act on behalf of the governing body. Therefore, this question was answered no in accordance with the instructions.

Form 990, Part VI, Section B, line 11

The organization's Form 990 is prepared by an independent certified public accounting firm. The Form 990 is reviewed and approved by Executive Director as well as the Finance/Audit Committee before it is filed. A copy of the Form 990 is also provided to the Board of Directors for review and comment prior to filing.

Form 990, Part VI, Section B, line 12C

Board Members and officers are required to sign the conflict of interest policy annually and the Finance and Executive teams regularly monitor transactions for potential conflicts of interest. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.

Form 990, Part VI, Section B, line 15

The organization does not compensate any officers. Therefore, Lines 15a/15b were answered no in accordance with the instructions.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Breakthrough Holdings Inc NFP
EIN
46-3074670
Phone
8778295500
Address
402 N St Louis Ave, Chicago, IL 60624

Signing Officer

Name
John Smith
Title
Executive Director
Phone
8778295500
Signed
2016-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Smith
Formed
2013
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Capin Crouse LLP
Address
972 Emerson Parkway STE A, Greenwood, IN 46143
Preparer
Daren Daiga
Phone
3178852620
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Breakthrough Holdings Inc NFP has a Board of Directors that assumes responsibility for oversight of the audit and is involved in the selection of an independent accounting firm. This process remains unchanged from the prior year.

Financial Statement Notes

Part X, Line 2:

The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of June 30, 2015 and 2014, Breakthrough had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. Breakthrough files information tax returns and is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes Breakthrough is no longer subject to examinations for years prior to 2011.

Raw XML Appendix357 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. Interest and penalties, if any, are included in expenses in the consolidated statements of activities. As of June 30, 2015 and 2014, Breakthrough had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements. Breakthrough files information tax returns and is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes Breakthrough is no longer subject to examinations for years prior to 2011.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's sole member is Breakthrough Urban Ministries, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's sole member elects the members of the organization's governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's sole member can alter, amend, or repeal the organization's Bylaws, can amend the organization's Articles of Incorporation, can call special meetings for the organizaton's governing body, and can remove any member of the governing body for any reason.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no committees with authority to act on behalf of the governing body. Therefore, this question was answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization's Form 990 is prepared by an independent certified public accounting firm. The Form 990 is reviewed and approved by Executive Director as well as the Finance/Audit Committee before it is filed. A copy of the Form 990 is also provided to the Board of Directors for review and comment prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Board Members and officers are required to sign the conflict of interest policy annually and the Finance and Executive teams regularly monitor transactions for potential conflicts of interest. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any decision with regard to matters affected by the relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization does not compensate any officers. Therefore, Lines 15a/15b were answered no in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Breakthrough Holdings Inc NFP has a Board of Directors that assumes responsibility for oversight of the audit and is involved in the selection of an independent accounting firm. This process remains unchanged from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c
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IRS990/TotalProgramServiceExpensesAmt0289939
IRS990/TotalProgramServiceRevenueAmt096250
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IRS990/TotalRevenueGrp/ExclusionAmt01711
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097961
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0John Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08778295500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Breakthrough Holdings Inc NFP
ReturnHeader/Filer/BusinessNameControlTxt0BREA
ReturnHeader/Filer/EIN0463074670
ReturnHeader/Filer/PhoneNum08778295500
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ReturnHeader/Filer/USAddress/CityNm0Chicago
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363990892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Capin Crouse LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0972 Emerson Parkway STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greenwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046143
ReturnHeader/PreparerPersonGrp/PhoneNum03178852620
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daren Daiga
ReturnHeader/ReturnTs02016-02-18T13:51:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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