Civic Intelligence

Taly Foundation

990 • Fiscal year 2017 • EIN 46-4388168

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 30, 2018

Organization Profilewww.talyfoundation.org
665 Franklin Street Upper levelFramingham, MA 01702

(617) 870-3773

Siviq Scores

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

Liabilities / Assets

87th percentile

0.38x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

10th percentile

-37%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

10th percentile

-43%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

30%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$77,298

Down $59,037 (-43%) from 2016

Net Assets

Down

$48,145

Down $66,135 (-58%) from 2016

Liabilities

Up

$29,153

Up $7,098 (+32%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin10th percentile

Revenue

Up

$238,923

Up $55,328 (+30%) from 2016

Expenses

Up

$327,465

Up $134,991 (+70%) from 2016

Net Income

Down

-$88,542

Down $79,663 (-897%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$200K$150K$100K$50K$0Assets 2015: $186,906Liabilities 2015: $41,617Net Assets 2015: $145,2892015Assets 2016: $136,335Liabilities 2016: $22,055Net Assets 2016: $114,2802016Assets 2017: $77,298Liabilities 2017: $29,153Net Assets 2017: $48,1452017Assets 2018: $64,873Liabilities 2018: $5,231Net Assets 2018: $59,6422018Assets 2019: $45,360Liabilities 2019: $588Net Assets 2019: $44,7722019Assets 2020: $30,413Liabilities 2020: $2,390Net Assets 2020: $28,0232020Assets 2021: $22,366Liabilities 2021: $525Net Assets 2021: $21,8412021

Highlighted filing

2017

Assets$77,298
Liabilities$29,153
Net Assets$48,145
Open 2017 Filing

Operations Trend

Revenue Growth78th percentile

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

$400K$200K$0-$200KRevenue 2015: $199,218Expenses 2015: $120,786Net Income 2015: $78,4322015Revenue 2016: $183,595Expenses 2016: $192,474Net Income 2016: -$8,8792016Revenue 2017: $238,923Expenses 2017: $327,465Net Income 2017: -$88,5422017Revenue 2018: $170,040Expenses 2018: $177,178Net Income 2018: -$7,1382018Revenue 2019: $152,589Expenses 2019: $182,065Net Income 2019: -$29,4762019Revenue 2020: $91,771Expenses 2020: $111,043Net Income 2020: -$19,2722020Revenue 2021: $74,604Expenses 2021: $90,722Net Income 2021: -$16,1182021

Highlighted filing

2017

Revenue$238,923
Expenses$327,465
Net Income-$88,542
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 30, 2018
Return Version
2016v3.0
Gross Receipts
$447,225
Mission and Program Overview

Mission

Taly Foundation provides access to and improves the quality of early childhood education by providing scholarship grants to schools, educational assessments, professional development for teachers, and parent workshops.

To provide financial aid to underserved children in order to meet a variety of needs and make possible their successful participation in early childhood education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$67,681$42,713▼ $24,968
Intangible Assets$16,962$14,214▼ $2,748
Cash and Non-Interest-Bearing Accounts$41,969$9,176▼ $32,793
Land, Buildings, and Equipment, Net$7,323$6,470▼ $853
Prepaid Expenses and Deferred Charges-$2,325-
Loans From Officers Directors-$1,184-
Total Assets$136,335$77,298▼ $59,037
Other Assets Total$2,400$2,400→ $0
Liabilities
Accounts Payable and Accrued Expenses$22,055$27,969▲ $5,914
Other Liabilities-$0-
Total Liabilities$22,055$29,153▲ $7,098
Net Assets / Fund Balance
Unrestricted Net Assets$114,280$40,263▼ $74,017
Temporarily Rstr Net Assets$0$7,882▲ $7,882
Total Net Assets Fund Balance$114,280$48,145▼ $66,135
Total Liabilities and Net Assets / Fund Balance$136,335$77,298▼ $59,037

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,470$1,973$8,443
Other Securities$42,713--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Jill DixonPresident & Secretary
Archie JonesDirector
Lisa KuhDirector
Philip DixonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$229,988
Program Service Revenue
$0
Investment Income
$8,535
Other Revenue
$400
All Other Contributions
$229,988
Change in Net Assets
$-88,542

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
Securities Publicly Traded3$174,319Fair market value
Total Noncash Contributions3$174,319-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,271
Other Expenses$99,451
Salaries, Compensation, and Employee Benefits$77,743
Total Fundraising Expense$10,681
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,271--$150,271
Other Salaries and Wages$49,839--$49,839
Occupancy-$28,092-$28,092
Other Employee Benefits$11,350$5,795$6,631$23,776
Fees for Services Legal-$17,505-$17,505
Fees for Services Accounting-$9,479-$9,479
Fees for Services Other$2,680$6,311-$8,991
Office Expenses-$4,992-$4,992
Payroll Taxes$4,128--$4,128
Advertising-$3,944-$3,944
Other Expenses$6,409$842$2,162$3,004
All Other Expenses-$2,912-$2,912
Depreciation Depletion-$1,973-$1,973
Insurance-$892-$892
Travel-$336-$336
Total Functional Expenses$231,362$85,422$10,681$327,465
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Suburban Child LLCFramingham, MA-Scholarships$147,077
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-$1,184-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, line 2

“Philip Dixon and Jill Dixon are married”

Form 990, Part VI, Section B, line 11B

“990 will be distributed to the board electronically. Comments and corrections will be solicited. The final 990 will be reviewed during a meeting of the board. Final approval of the 990 by the board will be solicited if a quorum is present. Majority vote of the board is necessary to approve the 990.”

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

“Each director, officer and member of a committee with board-delegated powers shall annually sign a statement, a copy of which is appended to the Conflict of Interest Policy. The statement shall affirm that such persons a) has received and carefully read the Conflcit of Interest Policy; b) understands the policy; c) had complied and will continue to comply with the terms of the policy; and d)understands that the Taly Foundation is a charitable organization, and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section B, line 15

“Proposed salary is determined by the management team by looking at "comparable" salary and benefits data, such as data available from salary and benefit surveys, to learn what employers of a similar budget size that are located in the same, or similar geographic region, pay their senior leaders. Ideally, the comparison will include data from other nonnprofits of a similar mission focus. The proposed salary and "comparable" data is presented to the Board of Directors for review. Salary is then discussed and a final salary is approved by the Board of Directors at a regular meeting of the Board.”

Form 990, Part VI, Section C, line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Taly Foundation Inc
EIN
46-4388168
Phone
6178703773
Address
665 Franklin Street Upper level, Framingham, MA 01702

Signing Officer

Name
Philip Dixon
Title
Treasurer
Phone
6178703773
Signed
2018-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Dixon
Formed
2013
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
2
Employees
1
Volunteers
0

Preparer

Firm
E L Mann Pc
Address
1290 Worcester Road, Framingham, MA 01702-5254
Preparer
Edward Liss Mann
Phone
5088724400
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“Client requested independent accountant to prepare a financial statement review for fiscal year ended 6/30/17.”

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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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0231699
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0168076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0197922
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt050401
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0648098
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/EquipmentGrp/BookValueAmt06470
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01973
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08443
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt042713
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Marketable Securities
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06470
IRS990ScheduleD/TotalBookValueSecuritiesAmt042713
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0147077
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Scholarships
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Suburban Child LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0043490104
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010 Roxana Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Framingham
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001702
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt01184
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Purchase of Carseat for charity
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01184
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Jill Dixon
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt01184
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Fair market value
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0174319
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Philip Dixon and Jill Dixon are married
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 will be distributed to the board electronically. Comments and corrections will be solicited. The final 990 will be reviewed during a meeting of the board. Final approval of the 990 by the board will be solicited if a quorum is present. Majority vote of the board is necessary to approve the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each director, officer and member of a committee with board-delegated powers shall annually sign a statement, a copy of which is appended to the Conflict of Interest Policy. The statement shall affirm that such persons a) has received and carefully read the Conflcit of Interest Policy; b) understands the policy; c) had complied and will continue to comply with the terms of the policy; and d)understands that the Taly Foundation is a charitable organization, and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Proposed salary is determined by the management team by looking at "comparable" salary and benefits data, such as data available from salary and benefit surveys, to learn what employers of a similar budget size that are located in the same, or similar geographic region, pay their senior leaders. Ideally, the comparison will include data from other nonnprofits of a similar mission focus. The proposed salary and "comparable" data is presented to the Board of Directors for review. Salary is then discussed and a final salary is approved by the Board of Directors at a regular meeting of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Client requested independent accountant to prepare a financial statement review for fiscal year ended 6/30/17.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt0136335
IRS990/TotalAssetsGrp/EOYAmt077298
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0229988
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010681
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085422
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0231362
IRS990/TotalFunctionalExpensesGrp/TotalAmt0327465
IRS990/TotalGrossUBIAmt0400
IRS990/TotalLiabilitiesBOYAmt022055
IRS990/TotalLiabilitiesEOYAmt029153
IRS990/TotalLiabilitiesGrp/BOYAmt022055
IRS990/TotalLiabilitiesGrp/EOYAmt029153
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0114280
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt048145
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0231362
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08535
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0238923
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0400
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0136335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt077298
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0336
IRS990/TravelGrp/TotalAmt0336
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0114280
IRS990/UnrestrictedNetAssetsGrp/EOYAmt040263
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0665 Franklin Street
IRS990/USAddress/CityNm0Framingham
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001702
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.talyfoundation.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Philip Dixon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06178703773
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Taly Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0TALY
ReturnHeader/Filer/EIN0464388168
ReturnHeader/Filer/PhoneNum06178703773

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$77,298
Liabilities
$29,153
Net assets
$48,145
Revenue
$238,923
Expenses
$327,465
Net income
-$88,542
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.01$0.22$0.75$0.91$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.02$0.28$0.92$1.11$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.45$1.53$1.82$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.05$0.60$1.70$1.77$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.29$0.48$2.39$3.27$0.89
2016Summary only. Only limited summary data is available for this year.$1.36$0.22$1.14$1.84$1.92$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.87$0.42$1.45$1.99$1.21$0.78