Civic Intelligence

Avow Foundation Inc.

990 • Fiscal year 2016 • EIN 46-5736467

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 16, 2017

1095 Whippoorwill LaneNaples, FL 34105

(239) 261-4404

Siviq Scores

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

Liabilities / Assets

10th percentile

0.01x

Higher debt load relative to assets than 10% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

9th percentile

0.04x

Higher debt load relative to revenue than 9% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

86th percentile

29%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

55th percentile

$266,196

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

100th percentile

53739%

Faster asset growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

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

Annualized from 2015 to 2016

Assets

Up

$26,855,646

Up $26,805,765 (+53739%) from 2015

Net Assets

Up

$26,609,223

Up $26,634,422 (+105696%) from 2015

Liabilities

Up

$246,423

Up $171,343 (+228%) from 2015

Revenue

Up

$7,011,790

Up $7,011,790 from 2015

Expenses

Up

$4,996,710

Up $4,971,511 (+19729%) from 2015

Net Income

Up

$2,015,080

Up $2,040,279 (+8097%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2014: $0Net Assets 2014: $02014Assets 2015: $49,881Liabilities 2015: $75,080Net Assets 2015: -$25,1992015Assets 2016: $26,855,646Liabilities 2016: $246,423Net Assets 2016: $26,609,2232016Assets 2017: $27,299,245Liabilities 2017: $289,009Net Assets 2017: $27,010,2362017Assets 2018: $26,157,155Liabilities 2018: $307,596Net Assets 2018: $25,849,5592018Assets 2019: $31,788,399Liabilities 2019: $162,608Net Assets 2019: $31,625,7912019Assets 2020: $37,995,759Liabilities 2020: $88,797Net Assets 2020: $37,906,9622020Assets 2021: $44,104,234Liabilities 2021: $80,616Net Assets 2021: $44,023,6182021Assets 2022: $40,901,328Liabilities 2022: $132,788Net Assets 2022: $40,768,5402022Assets 2023: $50,748,419Liabilities 2023: $148,048Net Assets 2023: $50,600,3712023Assets 2024: $59,406,536Liabilities 2024: $120,596Net Assets 2024: $59,285,9402024

Highlighted filing

2016

Assets$26,855,646
Liabilities$246,423
Net Assets$26,609,223

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $25,199Net Income 2015: -$25,1992015Revenue 2016: $7,011,790Expenses 2016: $4,996,710Net Income 2016: $2,015,0802016Revenue 2017: $3,515,238Expenses 2017: $3,265,986Net Income 2017: $249,2522017Revenue 2018: $1,805,582Expenses 2018: $1,534,348Net Income 2018: $271,2342018Revenue 2019: $5,169,048Expenses 2019: $2,655,636Net Income 2019: $2,513,4122019Revenue 2020: $7,162,446Expenses 2020: $3,630,656Net Income 2020: $3,531,7902020Revenue 2021: $9,594,342Expenses 2021: $4,103,623Net Income 2021: $5,490,7192021Revenue 2022: $6,834,650Expenses 2022: $4,971,214Net Income 2022: $1,863,4362022Revenue 2023: $8,814,777Expenses 2023: $3,717,427Net Income 2023: $5,097,3502023Revenue 2024: $11,824,123Expenses 2024: $3,517,037Net Income 2024: $8,307,0862024

Highlighted filing

2016

Revenue$7,011,790
Expenses$4,996,710
Net Income$2,015,080
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 16, 2017
Return Version
2016v3.0
Gross Receipts
$23,332,593
Mission and Program Overview

Mission

The Corporation is organized, and at all times shall be operated, exclusively for the benefit of, and to carry out purposes of Avow Hospice, Inc. and Avow Care Services, Inc.

The corporation will engage in activities that exclusively promote and support Avow Hospice, Inc. and Avow Care Services, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$17,672,836▲ $17,672,836
Pledges and Grants Receivable$0$2,030,500▲ $2,030,500
Savings and Temporary Cash Investments$49,881$822,358▲ $772,477
Prepaid Expenses and Deferred Charges$0$44,309▲ $44,309
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Total Assets$49,881$26,855,646▲ $26,805,765
Other Assets Total$0$6,285,643▲ $6,285,643
Liabilities
Grants Payable$0$110,905▲ $110,905
Accounts Payable and Accrued Expenses$0$82,308▲ $82,308
Other Liabilities$75,080$53,210▼ $21,870
Total Liabilities$75,080$246,423▲ $171,343
Net Assets / Fund Balance
Unrestricted Net Assets$-25,199$14,422,152▲ $14,447,351
Temporarily Rstr Net Assets$0$9,033,805▲ $9,033,805
Permanently Rstr Net Assets$0$3,153,266▲ $3,153,266
Total Net Assets Fund Balance$-25,199$26,609,223▲ $26,634,422
Total Liabilities and Net Assets / Fund Balance$49,881$26,855,646▲ $26,805,765

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$6,285,643--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,501,761$167,703▲ $97,577$10,662$2,756,379
2015$2,543,209-▼ $17,711$23,737$2,501,761
2014$2,452,903$28,557▲ $78,750$17,001$2,543,209
2013$1,631,310$756,963▲ $80,541$15,911$2,452,903
2012$1,679,003$4,515▲ $80,540$132,748$1,631,310
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chair
-President & CEO
-Vice Chair
-Director
-Director - partial year
-CFO
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,614,839
Program Service Revenue
$0
Investment Income
$1,154,096
Other Revenue
$242,855
All Other Contributions
$5,295,886
Change in Net Assets
$2,015,080

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded24$2,401,505Market value
Clothing and Household Goods-$635,837Selling cost
Total Noncash Contributions24$3,037,342-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,852,453
Other Expenses$831,400
Total Fundraising Expense$748,086
Salaries, Compensation, and Employee Benefits$312,857
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,852,453--$3,852,453
Other Salaries and Wages$0$52,682$210,726$263,408
Fees for Services Management-$120,204-$120,204
Fees for Service Investment Mgmnt Fees-$65,004-$65,004
Office Expenses$0$4,952$42,790$47,742
Fees for Services Other$0$23,633$6,577$30,210
Other Employee Benefits-$5,275$21,102$26,377
Payroll Taxes-$3,769$15,078$18,847
Fees for Services Accounting-$16,674-$16,674
Travel$0$6,307$4,836$11,143
Other Expenses$0$8,128$63$8,191
Pension Plan Contributions-$845$3,380$4,225
Conferences and Meetings$0$3,377-$3,377
Fees for Services Legal-$1,573-$1,573
Occupancy$0-$402$402
Advertising$0$200-$200
Total Functional Expenses$3,852,453$396,171$748,086$4,996,710
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Avow Hospice IncNaples, FL501(c)(3)Program Assistance$3,852,453
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$291,983
Fundraising Direct Expenses$179,778
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Butterfly Ball$494,208$207,700$58,565$149,135
Avow Open Golf$47,212$19,282$2,800$16,482
Total Events$610,936$291,983$179,778$112,205
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$53,210
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL

Compensation for the Organization's president and other officers is paid by Avow Hospice, Inc., a related tax exempt organization. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS COMPENSATION OF THE PRESIDENT & CEO TO ENSURE COMPENSATION IS REASONABLE AND THEN RECOMMENDS ANY CHANGES IN COMPENSATION TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA IN THEIR DETERMINATION. THE FULL BOARD THEN APPROVES THE COMPENSATION OF THE PRESIDENT & CEO. THE PROCESS IS DOCUMENTED IN THE BOARD AND EXECUTIVE COMMITTEE MINUTES. THIS PROCESS WAS LAST UNDERTAKEN DURING 2016. Because the organization's president and other officers are not paid by the filing organization, the form 990 instructions require this to be answered "no".

Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES

Compensation for the Organization's other officers and key employees is paid by Avow Hospice, Inc., a related tax exempt organization. THE EXECUTIVE COMMITTEE OF THE BOARD REVIEWS COMPENSATION OF THE PRESIDENT & CEO TO ENSURE COMPENSATION IS REASONABLE AND THEN RECOMMENDS ANY CHANGES IN COMPENSATION TO THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA IN THEIR DETERMINATION. THE FULL BOARD THEN APPROVES THE COMPENSATION OF THE PRESIDENT & CEO. THE PROCESS IS DOCUMENTED IN THE BOARD AND EXECUTIVE COMMITTEE MINUTES. THIS PROCESS WAS LAST UNDERTAKEN DURING 2016. Because the organization's president and other officers are not paid by the filing organization, the form 990 instructions require this to be answered "no".

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Phyllis Hall and Jaysen Roa - Business relationship

Form 990, Part VI, Line 6 Classes of members or stockholders

Avow Inc., a Florida not for profit corporation ("Member"), is the sole member of the corporation. The Sole member shall have and exercise certain rights and certain powers related to the corporation set forth in the corporation's bylaws.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The sole member of the corporation, Avow Inc., shall have the right to appoint and remove the chairperson and the directors of the corporation with or without cause.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The sole member of the corporation, Avow Inc., shall have the right to oversee any decisions and approve the overall strategic plan of the corporation to carry out compliance with the mission. The sole member also has reserved powers including amendment of the Articles of Incorporation and Bylaws.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 is reviewed by the Chief Executive Officer and the Chief Financial Officer in detail. A copy of the Form 990 is provided to every member of the governing body prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

The officers, and directors of the organization sign a conflict of interest questionnaire annually to disclose any actual or potential conflicts of interest. The questionnaire and responses are reviewed by the organization's President/CEO. Any disclosures are discussed with the board chair. If an individual has any actual or potential conflicts of interest the individual with the conflict is excused from participating in discussions or voting on matters related to the conflict.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy and financial statements are available upon request from the organization.

Filing and Contact Details

Filer

Filer Name
Avow Foundation Inc
EIN
46-5736467
Phone
2392614404
Address
1095 Whippoorwill Lane, Naples, FL 34105

Signing Officer

Name
Phyllis Hall
Title
CFO
Signed
2017-10-16
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
6
Employees
16
Volunteers
34

Preparer

Firm
Crowe Horwath Llp
Address
401 East Las Olas Blvd Suite 1100, Fort Lauderdale, FL 33301-4230
Preparer
Brittney Kocaj
Phone
9542028600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Net Asset Transfer from Reorganization - 23943503; Change in net assets held under split interest agreement - 88242; Write off of Uncollectible Pledges - -5039;

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

Endowment funds are used to support the general operations and program services of Avow Hospice, a related tax exempt entity.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Organization is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. U.S. GAAP requires that a tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. Due to its tax-exempt status, the Organization is not subject to U.S. federal income tax or state income tax. The Organization's Form 990 has not been subject to examination by the Internal Revenue Service or the State of Florida for the last three years. The Organization does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Organization recognizes interest and/or penalties related to income tax matters in income tax expense. The Organization did not have any amounts accrued for interest and penalties at December 31, 2016 and 2015.

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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Jay Johnston
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Kim Borselli
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Lesley Brookman
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Philip W Cole
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director - partial year
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0822358
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IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN0592201250
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt03852453
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053210
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
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