Liabilities / Assets
77th percentile
Higher debt load relative to assets than 77% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.08x
Liabilities / Revenue
73rd percentile
Higher debt load relative to revenue than 73% of similar nonprofits.
Net Margin
32nd percentile
Higher net margin than 32% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Down$64,873
Down $12,425 (-16%) from 2017
Net Assets
Up$59,642
Up $11,497 (+24%) from 2017
Liabilities
Down$5,231
Down $23,922 (-82%) from 2017
Revenue And Expenses
Revenue
Down$170,040
Down $68,883 (-29%) from 2017
Expenses
Down$177,178
Down $150,287 (-46%) from 2017
Net Income
Up-$7,138
Up $81,404 (+92%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2017 to Jun 30, 2018
- Signed
- Nov 9, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $301,610
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $42,713 | $38,661 | ▼ $4,052 |
| Intangible Assets | $14,214 | $13,199 | ▼ $1,015 |
| Cash and Non-Interest-Bearing Accounts | $9,176 | $5,359 | ▼ $3,817 |
| Land, Buildings, and Equipment, Net | $6,470 | $5,229 | ▼ $1,241 |
| Prepaid Expenses and Deferred Charges | $2,325 | $0 | ▼ $2,325 |
| Loans From Officers Directors | $1,184 | $0 | ▼ $1,184 |
| Accounts Receivable | $0 | $0 | → $0 |
| Total Assets | $77,298 | $64,873 | ▼ $12,425 |
| Other Assets Total | $2,400 | $2,425 | ▲ $25 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $27,969 | $5,231 | ▼ $22,738 |
| Total Liabilities | $29,153 | $5,231 | ▼ $23,922 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $40,263 | $39,642 | ▼ $621 |
| Temporarily Rstr Net Assets | $7,882 | $20,000 | ▲ $12,118 |
| Total Net Assets Fund Balance | $48,145 | $59,642 | ▲ $11,497 |
| Total Liabilities and Net Assets / Fund Balance | $77,298 | $64,873 | ▼ $12,425 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $5,229 | $3,214 | $8,443 |
| Other Securities | $38,661 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Jill Dixon | President & Secretary |
| Archie Jones | Director |
| Jondavid Chesloff | Director |
| Lisa Kuh | Director |
| Philip Dixon | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $145,442
- Program Service Revenue
- $0
- Investment Income
- $5,391
- Other Revenue
- $19,207
- All Other Contributions
- $145,442
- Change in Net Assets
- $-7,138
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- No
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 3 | $96,040 | Fair market value |
| Total Noncash Contributions | 3 | $96,040 | - |
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $111,350 |
| Grants and Similar Amounts Paid | $61,608 |
| Total Fundraising Expense | $4,724 |
| Salaries, Compensation, and Employee Benefits | $4,220 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $61,608 | - | - | $61,608 |
| Fees for Services Other | $8,650 | $27,163 | $1,335 | $37,148 |
| Occupancy | - | $31,094 | - | $31,094 |
| Fees for Services Accounting | - | $15,167 | - | $15,167 |
| Fees for Services Legal | - | $13,345 | - | $13,345 |
| Other Salaries and Wages | - | $3,845 | - | $3,845 |
| Depreciation Depletion | - | $2,256 | - | $2,256 |
| Office Expenses | - | $1,887 | $209 | $2,096 |
| Travel | - | - | $1,025 | $1,025 |
| Insurance | - | $853 | - | $853 |
| Other Expenses | - | $815 | $2,155 | $815 |
| Payroll Taxes | - | $375 | - | $375 |
| Total Functional Expenses | $70,258 | $102,196 | $4,724 | $177,178 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Suburban Child LLC | Framingham, MA | - | Scholarships | $57,017 |
| Somerville School Department | Somerville, MA | - | Curriculum development | $4,591 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $28,552 |
| Fundraising Direct Expenses | $9,345 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $28,552 | $28,552 | $9,345 | $19,207 |
| Total Events | $28,552 | $28,552 | $9,345 | $19,207 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $1,184 | $0 | ▼ $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
“President/Secretary and Treasurer 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
- 2018-11-09
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Philip Dixon
- Formed
- 2013
- Legal Domicile
- Ma
- Voting Board Members
- 5
- Independent Board Members
- 3
- Employees
- 2
- 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 IX, line 11G
“Administrative support: Program service expenses 0. Management and general expenses 14,038. Fundraising expenses 1,335. Total expenses 15,373. Consulting fees: Program service expenses 8,650. Management and general expenses 13,125. Fundraising expenses 0. Total expenses 21,775.”
Form 990, Part XII, Line 2C:
“Client requested independent accountant to issue reviewed financial statements for fiscal year ended 6/30/18.”
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| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
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| IRS990/ReportOtherAssetsInd | 0 | 0 |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 50000 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 167803 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 196248 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50400 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 273 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1674 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 4360 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 701 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 1711 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 273 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1674 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 4360 |
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| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 192307 |
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| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 174319 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 131227 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 172575 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 50000 |
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| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 196248 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 821073 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 5229 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 3214 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 8443 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 38661 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Marketable Securities |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 5229 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 38661 |
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| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 4591 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | Scholarships |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | Curriculum development |
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| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | Somerville School Department |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 043490104 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 10 Roxana Street |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 8 Bonair St |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | Framingham |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | Somerville |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | MA |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 01702 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 02145 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleM/AnyPropertyThatMustBeHeldInd | 0 | 0 |
| IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd | 0 | 0 |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt | 0 | 3 |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt | 0 | Fair market value |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd | 0 | X |
| IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt | 0 | 96040 |
| IRS990ScheduleM/ThirdPartiesUsedInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | President/Secretary and Treasurer are married. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Administrative support: Program service expenses 0. Management and general expenses 14,038. Fundraising expenses 1,335. Total expenses 15,373. Consulting fees: Program service expenses 8,650. Management and general expenses 13,125. Fundraising expenses 0. Total expenses 21,775. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Client requested independent accountant to issue reviewed financial statements for fiscal year ended 6/30/18. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, line 11g |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XII, Line 2c: |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 5231 |
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| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 5231 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 59642 |
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| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 40263 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 39642 |
| IRS990/UponRequestInd | 0 | X |
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| IRS990/USAddress/CityNm | 0 | Framingham |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $64,873
- Liabilities
- $5,231
- Net assets
- $59,642
- Revenue
- $170,040
- Expenses
- $177,178
- Net income
- -$7,138