Civic Intelligence

Indiana First Ladys Charitable Foundation Inc

990 • Fiscal year 2014 • EIN 46-3443263

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 15, 2015

4750 North Meridian StreetSuite46208

(317) 232-5626

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

87th percentile

36%

Higher net margin than 87% 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

Assets

$90,781

No earlier filing loaded for comparison.

Net Assets

$90,781

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$253,062

No earlier filing loaded for comparison.

Expenses

$162,281

No earlier filing loaded for comparison.

Net Income

$90,781

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2014: $90,781Liabilities 2014: $0Net Assets 2014: $90,7812014Assets 2015: $128,277Liabilities 2015: $0Net Assets 2015: $128,2772015Assets 2016: $165,356Liabilities 2016: $0Net Assets 2016: $165,3562016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2014

Assets$90,781
Liabilities$0
Net Assets$90,781

Operations Trend

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

$400K$200K$0-$200KRevenue 2014: $253,062Expenses 2014: $162,281Net Income 2014: $90,7812014Revenue 2015: $236,859Expenses 2015: $199,363Net Income 2015: $37,4962015Revenue 2016: $298,716Expenses 2016: $261,637Net Income 2016: $37,0792016Revenue 2017: $0Expenses 2017: $165,356Net Income 2017: -$165,3562017

Highlighted filing

2014

Revenue$253,062
Expenses$162,281
Net Income$90,781
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 15, 2015
Return Version
2013v4.0
Gross Receipts
$420,208
Mission and Program Overview

Mission

The foundation's purpose is to encourage and support youth and families of indiana. The beneficiaries include individuals, schools, communities, families and family support organizations, along with arts organizations. The foundation was created to foster an even better understanding and love for the state of indiana; while encouraging and supporting hoosiers wanting to be better citizens. The foundation's board plans to shine a spotlight on these types of organizations through scholarships awards and grants.

The foundation's purpose is to encourage and support youth and families in the state of indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$90,781▲ $90,781
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$90,781▲ $90,781
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$0$90,781▲ $90,781
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$90,781▲ $90,781
Total Liabilities and Net Assets / Fund Balance$0$90,781▲ $90,781
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen PencePresident
Brenda GerberDirector
Deborah GabeDirector
Marilyn LogsdonDirector
Nancy BushSecretary
Beverly BushTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$356,631
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-103,569
Change in Net Assets
$90,781

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$45,000Retail Price
Other Non Cash Contri Table1$4,128Fair Market Value
Total Noncash Contributions2$49,128-

Audited Revenue Reconciliation

Revenue per Audited Statements
$203,934
Revenue Not Reported on Financial Statements
$49,128
Revenue Not Reported on Form 990
$167,146
Other Revenue Adjustments
$49,128
Total Revenue per Audited Statements
$371,080
Total Revenue per Form 990
$253,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,000
Other Expenses$40,281
Total Fundraising Expense$23,705
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$121,000--$121,000
Fees for Services Other--$20,150$20,150
Fees for Services Accounting-$12,000-$12,000
Information Technology-$264$3,055$3,319
Other Expenses-$2,517-$2,517
Insurance$725-$500$1,225
Grants to Domestic Individuals$1,000--$1,000
Conferences and Meetings$730--$730
Office Expenses-$296-$296
Travel-$44-$44
Total Functional Expenses$123,455$15,121$23,705$162,281

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$280,299
Expenses Not Reported on Form 990$167,146
Total Expenses per Form 990$162,281
Expenses per Audited Statements$113,153
Expenses Not Reported on Financial Statements$49,128
Other Expense Adjustments$49,128
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
35-0868147-501(c)3CHILDREN'S ART THERAPY$100,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$167,146
Fundraising Gross Income$63,577
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$420,208$63,577$78,082$-14,505
Total Events$420,208$63,577$167,146$-103,569
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Question 11A

Process to review form 990 the form 990 is prepared by an independent public accounting firm. The draft of the return is provided to all the board members for review prior to filing.

Form 990, Part VI, Line 19

Governing documents available to the public the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
46-3443263
In Care Of
% JEANNE LUTTRULL
Phone
3172325626

Signing Officer

Name
Karen Pence
Title
President
Phone
3172325626
Signed
2015-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Pence
Formed
2013
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Preparer
Nicole B Fishback
Phone
3172325626
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:luncheon consultant fees total fees:20150

Financial Statement Notes

Schedule D, Part X, Line 2

Asc 740 disclosure management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI & XII, Line 2D

Reconciliation of revenue and expenses: event expenses $167,146

Schedule D, Part XI & XII, Line 4B

Reconciliation of revenue and expenses: donated merchandise $49,128

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IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0356631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0356631
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt063577
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0356631
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0356631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0356631
IRS990ScheduleA/TotalSupportAmt0356631
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt0167146
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt049128
IRS990ScheduleD/ExpensesSubtotalAmt0113153
IRS990ScheduleD/OtherExpensesIncludedAmt0167146
IRS990ScheduleD/OtherExpensesNotIncludedAmt049128
IRS990ScheduleD/OtherRevenueAmt0167146
IRS990ScheduleD/OtherRevenuesNotIncludedAmt049128
IRS990ScheduleD/RevenueNotReportedAmt0167146
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049128
IRS990ScheduleD/RevenueSubtotalAmt0203934
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 DISCLOSURE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RECONCILIATION OF REVENUE AND EXPENSES: EVENT EXPENSES $167,146
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECONCILIATION OF REVENUE AND EXPENSES: DONATED MERCHANDISE $49,128
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XI & XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PART XI & XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt0162281
IRS990ScheduleD/TotalRevenuePerForm990Amt0253062
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0371080
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0280299
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0356631
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0356631
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0167146
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt010530
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt010530
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt036390
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt036390
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0420208
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0420208
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt063577
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt063577
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0LUNCHEON
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-103569
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt078082
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt078082
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt042144
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt042144
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHILDREN'S ART THERAPY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10RILEY CHILDREN'S FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0350868147
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1030 S Meridian Ste 200
IRS990ScheduleI/RecipientTable/USAddress/City0INDPLS
IRS990ScheduleI/RecipientTable/USAddress/State0IN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode046204
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PROCEDURE FOR MONITORING USE OF GRANT FUNDS THE ORGANIZATION INTENDS TO KEEP RECORDS ON ALL APPLICANTS WHO APPLY FOR A GRANT; INCLUDING AMOUNTS REQUESTED AND PROPOSED USES. FURTHER, THE ORGANIZATION WILL KEEP RECORDS PERTAINING TO THE SCORING PROCESS, CORRESPONDENCE, AND SUBSTANTIATION REPORTS REQUIRED OF GRANTEES. ANY ENTITY THAT RECEIVES A GRANT FROM THE ORGANIZATION WILL BE REQUIRED TO ENTER INTO A FORM GRANT AGREEMENT WITH THE ORGANIZATION AND, PURSUANT THERETO, WILL BE REQUIRED TO PROVIDE SUBSTANTIATION THAT CONFIRMS PROPER EXPENDITURES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0TABLE LINENS & TOTES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1CATERING SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0RETAIL PRICE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt045000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt14128
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS TO REVIEW FORM 990 THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM. THE DRAFT OF THE RETURN IS PROVIDED TO ALL THE BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION:LUNCHEON CONSULTANT FEES TOTAL FEES:20150
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, QUESTION 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt090781
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt090781

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