Civic Intelligence

The Werthing Foundation

990 • Fiscal year 2019 • EIN 46-5662476

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 12, 2020

1920 Stillhouse Hollow DriveProsper, TX 75078

(214) 636-3343

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

Down

$20,750

Down $15,134 (-42%) from 2015

Net Assets

Down

$20,750

Down $10,634 (-34%) from 2015

Liabilities

Down

$0

Down $4,500 (-100%) from 2015

Revenue

Down

$78,200

Down $74,615 (-49%) from 2015

Expenses

Down

$57,450

Down $79,987 (-58%) from 2015

Net Income

Up

$20,750

Up $5,372 (+35%) from 2015

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2015: $35,884Liabilities 2015: $4,500Net Assets 2015: $31,3842015Assets 2019: $20,750Liabilities 2019: $0Net Assets 2019: $20,7502019Assets 2020: $13,599Liabilities 2020: $5,181Net Assets 2020: $8,4182020Assets 2021: $34,767Liabilities 2021: $9,865Net Assets 2021: $24,9022021Assets 2022: $47,460Liabilities 2022: $790Net Assets 2022: $46,6702022

Highlighted filing

2019

Assets$20,750
Liabilities$0
Net Assets$20,750

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $152,815Expenses 2015: $137,437Net Income 2015: $15,3782015Revenue 2019: $78,200Expenses 2019: $57,450Net Income 2019: $20,7502019Revenue 2020: $30,110Expenses 2020: $37,261Net Income 2020: -$7,1512020Revenue 2021: $55,367Expenses 2021: $34,199Net Income 2021: $21,1682021Revenue 2022: $26,391Expenses 2022: $40,968Net Income 2022: -$14,5772022

Highlighted filing

2019

Revenue$78,200
Expenses$57,450
Net Income$20,750
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 12, 2020
Return Version
2019v5.1
Gross Receipts
$78,200
Mission and Program Overview

Mission

The Ethos Foundation's primary purpose is providing is educating Teens in Health Education. community-based programs that foster mentoring, training, educating, coaching, supporting and guiding children and youth outside of the school house door.

To enhance and engage young people through a pro-active life skills approach

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$20,750-
Rtn Earn Endowment Incm Other Fnds-$20,750-
Total Assets$0$20,750▲ $20,750
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$20,750▲ $20,750
Total Liabilities and Net Assets / Fund Balance$0$20,750▲ $20,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gloria Werthing ReynoldsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,600
Program Service Revenue
$73,600
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,600
Change in Net Assets
$20,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$43,257
Other Expenses$14,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$30,250--$30,250
Current Officers, Directors, Trustees, and Key Employees$10,406$2,601-$13,007
Payments to Affiliates---$5,503
Office Expenses---$2,951
Fees for Services Legal---$1,861
Advertising---$949
Conferences and Meetings---$645
Other Expenses---$475
Total Functional Expenses$40,656$2,601$0$57,450
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Werthing Foundation
EIN
46-5662476
Phone
2146363343
Address
1920 STILLHOUSE HOLLOW DRIVE, Prosper, TX 75078

Signing Officer

Name
Gloria Werthing Reynolds President
Title
06112020
Signed
2020-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gloria Werthing Reynolds
Formed
2017
Legal Domicile
TX
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Burney Mcclellan & Associates
Address
1415 E BELT LINE RD, CARROLLTON, TX 75006
Preparer
Ronald L Mcclellan
Phone
9724661234
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