Civic Intelligence

Alliance for a Bright Future Inc.

990 • Fiscal year 2015 • EIN 46-4283998

Nov 01, 2014 to Oct 31, 2015 • Filed on Apr 01, 2016

1530 Saint Clair AvenueCleveland, OH 44114

(216) 781-6228

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

182.83x

Higher debt load relative to revenue than 100% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

1st percentile

-437%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$246,651

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 464.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

10th percentile

-10.0%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$9,468,038

Down $1,051,720 (-10.0%) from 2014

Net Assets

Down

-$231,962

Down $231,962 from 2014

Liabilities

Down

$9,700,000

Down $819,758 (-7.8%) from 2014

Revenue

Up

$53,055

Up $53,055 from 2014

Expenses

Up

$285,017

Up $285,017 from 2014

Net Income

Down

-$231,962

Down $231,962 from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $10,519,758Liabilities 2014: $10,519,758Net Assets 2014: $02014Assets 2015: $9,468,038Liabilities 2015: $9,700,000Net Assets 2015: -$231,9622015Assets 2016: $9,021,054Liabilities 2016: $9,700,000Net Assets 2016: -$678,9462016Assets 2017: $8,577,853Liabilities 2017: $9,700,000Net Assets 2017: -$1,122,1472017Assets 2018: $8,132,210Liabilities 2018: $9,700,000Net Assets 2018: -$1,567,7902018Assets 2019: $7,686,278Liabilities 2019: $9,700,000Net Assets 2019: -$2,013,7222019Assets 2020: $7,256,491Liabilities 2020: $9,700,000Net Assets 2020: -$2,443,5092020Assets 2021: $6,875,665Liabilities 2021: $0Net Assets 2021: $6,875,6652021Assets 2022: $6,512,271Liabilities 2022: $0Net Assets 2022: $6,512,2712022Assets 2023: $6,151,851Liabilities 2023: $0Net Assets 2023: $6,151,8512023Assets 2024: $5,794,166Liabilities 2024: $0Net Assets 2024: $5,794,1662024

Highlighted filing

2015

Assets$9,468,038
Liabilities$9,700,000
Net Assets-$231,962

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $53,055Expenses 2015: $285,017Net Income 2015: -$231,9622015Revenue 2016: $90,521Expenses 2016: $537,505Net Income 2016: -$446,9842016Revenue 2017: $90,513Expenses 2017: $533,714Net Income 2017: -$443,2012017Revenue 2018: $90,704Expenses 2018: $536,347Net Income 2018: -$445,6432018Revenue 2019: $90,890Expenses 2019: $536,822Net Income 2019: -$445,9322019Revenue 2020: $90,143Expenses 2020: $519,932Net Income 2020: -$429,7892020Revenue 2021: $9,737,506Expenses 2021: $418,332Net Income 2021: $9,319,1742021Revenue 2022: $0Expenses 2022: $363,372Net Income 2022: -$363,3722022Revenue 2023: $0Expenses 2023: $363,372Net Income 2023: -$363,3722023Revenue 2024: $0Expenses 2024: $357,685Net Income 2024: -$357,6852024

Highlighted filing

2015

Revenue$53,055
Expenses$285,017
Net Income-$231,962
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Apr 1, 2016
Return Version
2014v6.0
Gross Receipts
$53,055
Mission and Program Overview

Mission

For the benefit of, to perform the functions of, and to carry out the purposes of care alliance with respect to care alliance's real estate needs, including but not limited to, construction, ownership, leasing and operation.

FOR THE BENEFIT OF CARE ALLIANCE, A SEC. 501(c)(3) ORGANIZATION, WITH RESPECT TO CARE ALLIANCE'S REAL ESTATE NEEDS INCLUDING CONSTRUCTION, OWNERSHIP, LEASING, AND OPERATION.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$10,519,758$9,700,000▼ $819,758
Land, Buildings, and Equipment, Net$6,638,304$9,107,808▲ $2,469,504
Cash and Non-Interest-Bearing Accounts$3,881,454$333,849▼ $3,547,605
Accounts Receivable$0$26,381▲ $26,381
Savings and Temporary Cash Investments$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,519,758$9,468,038▼ $1,051,720
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$10,519,758$9,700,000▼ $819,758
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$0$-231,962▼ $231,962
Total Net Assets Fund Balance$0$-231,962▼ $231,962
Total Liabilities and Net Assets / Fund Balance$10,519,758$9,468,038▼ $1,051,720

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,149,020$166,616$8,315,636
Other Land Buildings$958,788$76,049$1,034,837
Compensation and Service Providers

Employees

NameTitleOtherTotal
Bruce NollTreasurer$110,623$110,623

Board Members and Trustees

NameTitle
Francis Afram-gyeningPresident
Craig S MillerBoard Member
Eric L MorseBoard Member
Jon H Outcalt JrBoard Member
Mark P MelvinBoard Member
Raymond a Roth JrBoard Member
Michael SearingSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,500
Investment Income
$555
Other Revenue
$0
Change in Net Assets
$-231,962
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,017
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$261,757--$261,757
Interest$22,633--$22,633
Fees for Services Other-$448-$448
Fees for Services Accounting$0$179$0$179
Total Functional Expenses$284,390$627$0$285,017
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$10,519,758$9,700,000▼ $819,758
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B:

A draft copy of form 990 is reviewed by management and members of the finance committee of care alliance with the assistance of an outside public accounting firm. After any changes are made, an updated version of form 990 is e-mailed to all board members for comment before it is filed.

MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C:

The chief financial officer (cfo) of care alliance and treasurer of alliance for a bright future has been identified as the individual responsible for monitoring and enforcing compliance with the conflict of interest policy. The cfo and treasruer reviews the annual disclosure forms of covered persons and compiles and maintains a list of potentially conflicted entities and individuals. The cfo and treasurer follows the procedures of the policy to determine whether a conflict of interest exists and the procedures for addressing it. The cfo and treasurer documents the decisions related to transactions involving an actual or possible conflict of interest and the appropriate action taken. Such decisions are made by individuals who do not have a conflict with respect to the transaction.

AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, 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
Alliance for a Bright Future Inc
EIN
46-4283998
In Care Of
% BRUCE NOLL
Phone
2167816228
Address
1530 SAINT CLAIR AVENUE, CLEVELAND, OH 44114

Signing Officer

Name
Bruce Noll
Title
CFO
Phone
2167816228
Signed
2016-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francis Afram-gyening
Formed
2013
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Maloney Novotny LLC
Address
1111 SUPERIOR AVENUE SUITE 700, CLEVELAND, OH 44114
Preparer
Christopher B Anderson
Phone
2163630100
Supplemental Narrative

Financial Statement Notes

FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2:

The following is an excerpt from a footnote in the consolidated financial statements of care alliance and alliance for a bright future and refers to both organizations as "the agency": the agency adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, the agency may recognize the tax benefit from an uncertain tax position only if its is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the agency and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses derecognition, classification, interest, and penalties on income taxes , and accounting in interim periods. At october 31, 2015 and 2014, there were no unrecognized tax benefits identified or recorded as liabilities. With few exceptions, the agency is no longer subject to tax examinations by tax authorities for years prior to 2011.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CARE ALLIANCE
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IRS990ScheduleD/BuildingsGrp/BookValueAmt08149020
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt076049
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING IS AN EXCERPT FROM A FOOTNOTE IN THE CONSOLIDATED FINANCIAL STATEMENTS OF CARE ALLIANCE AND ALLIANCE FOR A BRIGHT FUTURE AND REFERS TO BOTH ORGANIZATIONS AS "THE AGENCY": THE AGENCY ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE AGENCY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF ITS IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE AGENCY AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES ON INCOME TAXES , AND ACCOUNTING IN INTERIM PERIODS. AT OCTOBER 31, 2015 AND 2014, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. WITH FEW EXCEPTIONS, THE AGENCY IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 (ASC 740) FOOTNOTE - PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF FORM 990 IS REVIEWED BY MANAGEMENT AND MEMBERS OF THE FINANCE COMMITTEE OF CARE ALLIANCE WITH THE ASSISTANCE OF AN OUTSIDE PUBLIC ACCOUNTING FIRM. AFTER ANY CHANGES ARE MADE, AN UPDATED VERSION OF FORM 990 IS E-MAILED TO ALL BOARD MEMBERS FOR COMMENT BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHIEF FINANCIAL OFFICER (CFO) OF CARE ALLIANCE AND TREASURER OF ALLIANCE FOR A BRIGHT FUTURE HAS BEEN IDENTIFIED AS THE INDIVIDUAL RESPONSIBLE FOR MONITORING AND ENFORCING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CFO AND TREASRUER REVIEWS THE ANNUAL DISCLOSURE FORMS OF COVERED PERSONS AND COMPILES AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS. THE CFO AND TREASURER FOLLOWS THE PROCEDURES OF THE POLICY TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND THE PROCEDURES FOR ADDRESSING IT. THE CFO AND TREASURER DOCUMENTS THE DECISIONS RELATED TO TRANSACTIONS INVOLVING AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST AND THE APPROPRIATE ACTION TAKEN. SUCH DECISIONS ARE MADE BY INDIVIDUALS WHO DO NOT HAVE A CONFLICT WITH RESPECT TO THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0REVIEW OF FORM 990 - FORM 990, PART VI, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1MONITORING AND ENFORCEMENT OF CONFLICT POLICY - FORM 990,PART VI,LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2AVAILABILITY OF DOCUMENTS - FORM 990, PART VI, LINE 19:
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