Civic Intelligence

Team Carone Foundation

990EZ • Fiscal year 2016 • EIN 46-5189643

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

7160 Meadow LaneCary, IL 60013

(847) 812-2247

Siviq Scores

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

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

71st percentile

0.03x

Higher debt load relative to revenue than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

77th percentile

21%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

86th percentile

$30,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 39.9% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-32%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$80,829

Up $15,323 (+23%) from 2015

Net Assets

Up

$78,756

Up $15,647 (+25%) from 2015

Liabilities

Down

$2,073

Down $324 (-14%) from 2015

Revenue

Down

$75,247

Down $35,089 (-32%) from 2015

Expenses

Down

$59,600

Down $42,663 (-42%) from 2015

Net Income

Up

$15,647

Up $7,574 (+94%) from 2015

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: $57,024Liabilities 2014: $4,1472014Assets 2015: $65,506Liabilities 2015: $2,397Net Assets 2015: $63,1092015Assets 2016: $80,829Liabilities 2016: $2,073Net Assets 2016: $78,7562016Assets 2017: $142,911Net Assets 2017: $142,9112017Assets 2018: $187,587Net Assets 2018: $187,5872018Assets 2019: $178,460Liabilities 2019: $02019Assets 2020: $157,490Net Assets 2020: $157,4902020Assets 2021: $150,640Net Assets 2021: $150,6402021Assets 2022: $128,120Net Assets 2022: $128,1202022Assets 2023: $120,692Liabilities 2023: $02023

Highlighted filing

2016

Assets$80,829
Liabilities$2,073
Net Assets$78,756

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $71,927Expenses 2014: $19,050Net Income 2014: $52,8772014Revenue 2015: $110,336Expenses 2015: $102,263Net Income 2015: $8,0732015Revenue 2016: $75,247Expenses 2016: $59,600Net Income 2016: $15,6472016Revenue 2017: $112,204Expenses 2017: $42,964Net Income 2017: $69,2402017Revenue 2018: $109,503Expenses 2018: $64,827Net Income 2018: $44,6762018Revenue 2019: $53,372Expenses 2019: $62,499Net Income 2019: -$9,1272019Revenue 2020: $3,223Expenses 2020: $24,193Net Income 2020: -$20,9702020Revenue 2021: $2,055Expenses 2021: $8,905Net Income 2021: -$6,8502021Revenue 2022: $472Expenses 2022: $22,992Net Income 2022: -$22,5202022Revenue 2023: $628Expenses 2023: $8,056Net Income 2023: -$7,4282023

Highlighted filing

2016

Revenue$75,247
Expenses$59,600
Net Income$15,647
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$161,810
Mission and Program Overview

Mission

To raise funds to provide assistance to cancer patients.

Program Services

DescriptionGrantsExpenses
The Organization works to promote support of their mission, to Shut Down Cancer, through medical research and support of cancer patients and their families.-$11,880
The Organization provided sholarships to six students at Cary-Grove High School.$3,000$3,816
The Organization supported other public charities.$850$850
The Organization provided financial assistance to cancer patients and their caregivers.$500$633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard R CaroneFormer Board MemberPT$30,000-$30,000
Timothy A CaronePresidentPT$0--
Timothy E CaroneTreasurer/SecretaryPT$0--
Robert WagnerDirectorPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Shut Down Cancer Event$116,276$106,206$31,302$74,904
Total Events$116,276$106,206$86,563$19,643
Filing and Contact Details

Filer

Filer Name
Team Carone Foundation
EIN
46-5189643
Phone
8478122247
Address
7160 Meadow Lane, Cary, IL 60013

Signing Officer

Name
Timothy A Carone
Title
President
Phone
8478122247
Signed
2017-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Nancy L Gonsiorek CPA LLC
Address
3720 Buckhorn Drive, Crystal Lake, IL 60012
Preparer
Nancy L Gonsiorek CPA
Phone
8154559462
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part III, Line 31

The Organization provided financial assistance to cancer patients and their caregivers. Grants and allocations 500, Program service expenses 633

Form 990-EZ, Part I, Line 16, Other Expenses

Administrative expense 1,421

Form 990-EZ, Part I, Line 16, Other Expenses

Equipment and supplies 2,299

Form 990-EZ, Part I, Line 16, Other Expenses

Insurance 1,417

Form 990-EZ, Part I, Line 16, Other Expenses

Payroll taxes 2,295

Form 990-EZ, Part I, Line 16, Other Expenses

Promotions 875

Form 990-EZ, Part I, Line 16, Other Expenses

Website 5,855

Form 990-EZ, Part II, Line 26, Liabilities

Payroll liabilities Beginning of year 2,397, End of year 2,073

Raw XML Appendix191 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Timothy A Carone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Timothy E Carone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Robert Wagner
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Richard R Carone
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer/Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Former Board Member
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherExpensesTotalAmt014162
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To raise funds to provide assistance to cancer patients.
IRS990EZ/PrintingPublicationsPostageAmt04428
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Organization works to promote support of their mission, to Shut Down Cancer, through medical research and support of cancer patients and their families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Organization provided sholarships to six students at Cary-Grove High School.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Organization supported other public charities.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03000
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt2500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011880
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt13816
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2850
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt3633
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt030000
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IRS990EZ/SpecialEventsNetIncomeLossAmt019643
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IRS990EZ/TotalRevenueAmt075247
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/TotalSupportAmt0167718
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt031302
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt031302
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt012761
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization provided financial assistance to cancer patients and their caregivers. Grants and allocations 500, Program service expenses 633
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Administrative expense 1,421
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Equipment and supplies 2,299
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance 1,417
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll taxes 2,295
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Promotions 875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Website 5,855
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Payroll liabilities Beginning of year 2,397, End of year 2,073
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Timothy A Carone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08478122247
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Team Carone Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TEAM
ReturnHeader/Filer/EIN0465189643
ReturnHeader/Filer/PhoneNum08478122247
ReturnHeader/Filer/USAddress/AddressLine1Txt07160 Meadow Lane
ReturnHeader/Filer/USAddress/CityNm0Cary
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060013
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId019D406126161C5F60601CA11400187AEA5A82AF7
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.253.217.211
ReturnHeader/FilingSecurityInformation/IPDt02017-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm019:20:21
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Nancy L Gonsiorek CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03720 Buckhorn Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Crystal Lake
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060012
ReturnHeader/PreparerPersonGrp/PhoneNum08154559462
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nancy L Gonsiorek CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-09T11:28:59-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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