Civic Intelligence

St. Stephen of Hungary School Foundation Inc.

990 • Fiscal year 2017 • EIN 46-4188043

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 11, 2018

1562 First Avenue Suite 114New York, NY 10028

(646) 737-2398

Siviq Scores

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

Liabilities / Assets

70th percentile

0.14x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • NTEE X • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.15x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • NTEE X • $500k-$1M nonprofits • Source year 2017

Net Margin

7th percentile

-29%

Higher net margin than 7% of similar nonprofits.

2017 filings • NTEE X • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2017 filings • NTEE X • $500k-$1M nonprofits • Source year 2017

Asset Growth

14th percentile

-16%

Faster asset growth than 14% of similar nonprofits.

2017 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

23%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • NTEE X • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$555,782

Down $104,955 (-16%) from 2016

Net Assets

Down

$475,693

Down $175,154 (-27%) from 2016

Liabilities

Up

$80,089

Up $70,199 (+710%) from 2016

Revenue

Up

$540,813

Up $102,697 (+23%) from 2016

Expenses

Up

$699,729

Up $320,142 (+84%) from 2016

Net Income

Down

-$158,916

Down $217,445 (-372%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $169,692Liabilities 2014: $0Net Assets 2014: $169,6922014Assets 2015: $528,752Liabilities 2015: $0Net Assets 2015: $528,7522015Assets 2016: $660,737Liabilities 2016: $9,890Net Assets 2016: $650,8472016Assets 2017: $555,782Liabilities 2017: $80,089Net Assets 2017: $475,6932017Assets 2018: $893,625Liabilities 2018: $78,769Net Assets 2018: $814,8562018Assets 2019: $1,151,677Liabilities 2019: $0Net Assets 2019: $1,151,6772019Assets 2020: $711,012Liabilities 2020: $0Net Assets 2020: $711,0122020Assets 2021: $689,766Liabilities 2021: $0Net Assets 2021: $689,7662021Assets 2022: $772,596Liabilities 2022: $0Net Assets 2022: $772,5962022Assets 2023: $642,916Liabilities 2023: $21,195Net Assets 2023: $621,7212023Assets 2024: $678,373Liabilities 2024: $21,195Net Assets 2024: $657,1782024

Highlighted filing

2017

Assets$555,782
Liabilities$80,089
Net Assets$475,693

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $171,275Expenses 2014: $1,583Net Income 2014: $169,6922014Revenue 2015: $483,525Expenses 2015: $124,465Net Income 2015: $359,0602015Revenue 2016: $438,116Expenses 2016: $379,587Net Income 2016: $58,5292016Revenue 2017: $540,813Expenses 2017: $699,729Net Income 2017: -$158,9162017Revenue 2018: $715,659Expenses 2018: $401,511Net Income 2018: $314,1482018Revenue 2019: $579,369Expenses 2019: $242,518Net Income 2019: $336,8512019Revenue 2020: $44,512Expenses 2020: $519,198Net Income 2020: -$474,6862020Revenue 2021: $218,118Expenses 2021: $319,120Net Income 2021: -$101,0022021Revenue 2022: $356,523Expenses 2022: $205,799Net Income 2022: $150,7242022Revenue 2023: $332,203Expenses 2023: $486,680Net Income 2023: -$154,4772023Revenue 2024: $248,711Expenses 2024: $276,909Net Income 2024: -$28,1982024

Highlighted filing

2017

Revenue$540,813
Expenses$699,729
Net Income-$158,916
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 11, 2018
Return Version
2016v3.0
Gross Receipts
$901,539
Mission and Program Overview

Mission

To enhance the educational and teaching environments for both the students and the faculty of the saint stephen of hungary school by serving as the cornerstone of the school's fundraising activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$292,057$325,092▲ $33,035
Savings and Temporary Cash Investments$200,301$185,437▼ $14,864
Cash and Non-Interest-Bearing Accounts$126,764$38,558▼ $88,206
Pledges and Grants Receivable$20,959$5,397▼ $15,562
Prepaid Expenses and Deferred Charges$423$1,298▲ $875
Total Assets$640,504$555,782▼ $84,722
Liabilities
Grants Payable$10,000$80,089▲ $70,089
Accounts Payable and Accrued Expenses$4,556$0▼ $4,556
Total Liabilities$14,556$80,089▲ $65,533
Net Assets / Fund Balance
Temporarily Rstr Net Assets$309,629$341,813▲ $32,184
Unrestricted Net Assets$316,319$133,880▼ $182,439
Total Net Assets Fund Balance$625,948$475,693▼ $150,255
Total Liabilities and Net Assets / Fund Balance$640,504$555,782▼ $84,722
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christopher KellyPresident
Edward M ButlerVice President
Erin SchiffmanBoard Member
Justin T HesterBoard Member
Mary Ann Lynch-minsonBoard Member
Wray T ThornDirector
Nancy OleckiDevelopment
Mary Claire BonnerSecretary
Kevin M BollbachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$874,423
Program Service Revenue
$0
Investment Income
$19,440
Other Revenue
$-353,050
All Other Contributions
$225,171
Change in Net Assets
$-158,916

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table437$131,104Fair Market Value
Total Noncash Contributions437$131,104-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$650,089
Other Expenses$39,792
Salaries, Compensation, and Employee Benefits$9,848
Total Fundraising Expense$2,666
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$650,089--$650,089
Fees for Services Accounting-$11,124-$11,124
Other Salaries and Wages-$9,848-$9,848
Office Expenses-$9,505-$9,505
All Other Expenses-$2,773-$2,773
Other Expenses-$1,324$2,666$1,324
Insurance-$1,023-$1,023
Information Technology-$396-$396
Travel-$68-$68
Total Functional Expenses$650,089$46,974$2,666$699,729
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Stephen of Hungary SchoolNew York, NY501(c)(3)To Supplement Capital Improvements, Student Programming and Curriculum, Technology, Teacher Professional Development, and Scholarships.$650,089
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$353,050
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Auction$574,774-$143,377-
Golf Outing$53,245-$4,700-
Total Events$649,252-$353,050$-353,050
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 11B

The form 990 was reviewed by the board of directors.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, financial statements, and tax documents of the organization are available for public inspection at the organization's office.

Filing and Contact Details

Filer

Filer Name
St Stephen of Hungary
EIN
46-4188043
Phone
6467372398
Address
1562 FIRST AVENUE SUITE 114, NEW YORK, NY 10028

Signing Officer

Name
Kevin M Bollbach
Title
Treasurer
Phone
6467372398
Signed
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin M Bollbach
Formed
2013
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
50

Preparer

Firm
Janover LLC
Address
485 MADISON AVE - 9TH FLOOR, NEW YORK, NY 10022
Preparer
Joseph a Maffia
Phone
2127926300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization evaluates uncertain income tax positions taken or expected to be taken in the informational return for recognition in its financial statements. The organization was not required to recognize any amounts from uncertain tax positions for the year ended august 31, 2017. The organization's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based upon ongoing analyses of tax laws, regulations and interpretations thereof, as well as other factors. Generally, federal, state and local authorities may examine the organization's informational returns for three years from the date of filing.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PRESENTATION OF SCHEDULE A ST. STEPHEN OF HUNGARY SCHOOL FOUNDATION CHANGED ACCOUNTING PERIODS FROM A 6/30 YEAR-END TO AN 8/31 YEAR-END IN 2016. THEREFORE, PUBLIC SUPPORT RECEIVED DURING THE SHORT TAX PERIOD OF 7/1/2016 TO 8/31/2016 IN THE AMOUNT OF $20,760 HAS BEEN INCLUDED WITH THE CURRENT YEAR'S PUBLIC SUPPORT TOTAL OF $874,423, FOR A COMBINED TOTAL OF $895,183 AS PRESENTED IN COLUMN E.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02506348
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91630
IRS990ScheduleA/PublicSupportPY170Pct00.87260
IRS990ScheduleA/PublicSupportTotal170Amt02296670
IRS990ScheduleA/SubstantialContributorsTotAmt0209678
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0895183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0784475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0655415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0171275
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02506348
IRS990ScheduleA/TotalSupportAmt02506348
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/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES UNCERTAIN INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE INFORMATIONAL RETURN FOR RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ORGANIZATION WAS NOT REQUIRED TO RECOGNIZE ANY AMOUNTS FROM UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED AUGUST 31, 2017. THE ORGANIZATION'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED UPON ONGOING ANALYSES OF TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF, AS WELL AS OTHER FACTORS. GENERALLY, FEDERAL, STATE AND LOCAL AUTHORITIES MAY EXAMINE THE ORGANIZATION'S INFORMATIONAL RETURNS FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0649252
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0574774
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt053245
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt021233
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0353050
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0184
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0544
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt03510
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04238
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0574774
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt053245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt021233
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0649252
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-353050
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0131104
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0131104
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0588
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0148665
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0143377
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04700
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt048385
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt019584
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt01074
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt069043
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0650089
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPLEMENT CAPITAL IMPROVEMENTS, STUDENT PROGRAMMING AND CURRICULUM, TECHNOLOGY, TEACHER PROFESSIONAL DEVELOPMENT, AND SCHOLARSHIPS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ST STEPHEN OF HUNGARY SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0132695173
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0408 EAST 82ND STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010028
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt0437
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION DONATIONS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0131104
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REPORTS IN PART I, COLUMN (B), THE NUMBER OF ITEMS RECEIVED.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0640504
IRS990/TotalAssetsGrp/EOYAmt0555782
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0874423
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02666
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046974
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0650089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0699729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014556
IRS990/TotalLiabilitiesEOYAmt080089
IRS990/TotalLiabilitiesGrp/BOYAmt014556
IRS990/TotalLiabilitiesGrp/EOYAmt080089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0625948
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0475693
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0650089
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-333610
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0540813
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0640504
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0555782
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt068
IRS990/TravelGrp/TotalAmt068
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0316319
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0133880
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01562 FIRST AVENUE SUITE 114
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010028
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.SAINTSTEPHENSCHOOLFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01

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