Civic Intelligence

Roessler-Chadwick Foundation Group

990 • Fiscal year 2019 • EIN 47-1272243

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

26800 S Academy DrivePalos Verdes Peninsula, CA 90274

(310) 377-1543

Siviq Scores

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

Liabilities / Assets

38th percentile

0.16x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.76x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

63rd percentile

$444,024

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

49th percentile

4.2%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-32%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$58,854,697

Up $2,382,831 (+4.2%) from 2018

Net Assets

Up

$49,359,279

Up $1,435,842 (+3.0%) from 2018

Liabilities

Up

$9,495,418

Up $946,989 (+11%) from 2018

Revenue

Down

$5,403,795

Down $2,555,822 (-32%) from 2018

Expenses

Up

$3,730,014

Up $299,687 (+8.7%) from 2018

Net Income

Down

$1,673,781

Down $2,855,509 (-63%) from 2018

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $1Liabilities 2015: $02015Assets 2016: $44,535,297Liabilities 2016: $6,715,470Net Assets 2016: $37,819,8272016Assets 2017: $48,771,826Liabilities 2017: $5,599,589Net Assets 2017: $43,172,2372017Assets 2018: $56,471,866Liabilities 2018: $8,548,429Net Assets 2018: $47,923,4372018Assets 2019: $58,854,697Liabilities 2019: $9,495,418Net Assets 2019: $49,359,2792019Assets 2020: $66,360,739Liabilities 2020: $15,216,193Net Assets 2020: $51,144,5462020Assets 2021: $73,553,865Liabilities 2021: $12,917,240Net Assets 2021: $60,636,6252021Assets 2022: $63,578,089Liabilities 2022: $11,921,410Net Assets 2022: $51,656,6792022Assets 2023: $65,940,877Liabilities 2023: $12,281,164Net Assets 2023: $53,659,7132023Assets 2024: $69,271,874Liabilities 2024: $12,112,325Net Assets 2024: $57,159,5492024

Highlighted filing

2019

Assets$58,854,697
Liabilities$9,495,418
Net Assets$49,359,279

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $1,644,278Expenses 2016: $2,436,537Net Income 2016: -$792,2592016Revenue 2017: $2,510,695Expenses 2017: $2,921,900Net Income 2017: -$411,2052017Revenue 2018: $7,959,617Expenses 2018: $3,430,327Net Income 2018: $4,529,2902018Revenue 2019: $5,403,795Expenses 2019: $3,730,014Net Income 2019: $1,673,7812019Revenue 2020: $7,455,590Expenses 2020: $3,408,300Net Income 2020: $4,047,2902020Revenue 2021: $2,244,634Expenses 2021: $3,687,933Net Income 2021: -$1,443,2992021Revenue 2022: $2,911,019Expenses 2022: $4,143,398Net Income 2022: -$1,232,3792022Revenue 2023: $3,323,944Expenses 2023: $4,346,063Net Income 2023: -$1,022,1192023Revenue 2024: $8,203,202Expenses 2024: $4,794,452Net Income 2024: $3,408,7502024

Highlighted filing

2019

Revenue$5,403,795
Expenses$3,730,014
Net Income$1,673,781
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$10,099,633
Mission and Program Overview

Mission

The organization was formed to further the exempt purposes of roessler-chadwick foundation (the foundation) by operating as a supporting organization to the foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,174,842$31,773,923▲ $2,599,081
Land, Buildings, and Equipment, Net$17,440,349$19,513,082▲ $2,072,733
Savings and Temporary Cash Investments$5,745,576$4,871,710▼ $873,866
Pledges and Grants Receivable$2,365,308$1,221,332▼ $1,143,976
Accounts Receivable$25,857$29,683▲ $3,826
Total Assets$56,471,866$58,854,697▲ $2,382,831
Other Assets Total$1,719,934$1,444,967▼ $274,967
Liabilities
Tax Exempt Bond Liabilities$4,633,450$5,916,794▲ $1,283,344
Other Liabilities$3,387,567$3,336,246▼ $51,321
Accounts Payable and Accrued Expenses$527,412$242,378▼ $285,034
Total Liabilities$8,548,429$9,495,418▲ $946,989
Net Assets / Fund Balance
Unrestricted Net Assets$33,233,149$33,093,405▼ $139,744
Temporarily Rstr Net Assets$10,341,270$11,916,856▲ $1,575,586
Permanently Rstr Net Assets$4,349,018$4,349,018→ $0
Total Net Assets Fund Balance$47,923,437$49,359,279▲ $1,435,842
Total Liabilities and Net Assets / Fund Balance$56,471,866$58,854,697▲ $2,382,831

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,026,885$15,313,884$32,340,769
Land$2,266,053-$2,266,053
Other Land Buildings$220,144$965,611$1,185,755

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$34,079,680$416,540▲ $1,731,453-$35,053,370
2017$29,768,585$4,041,335▲ $1,663,113-$34,079,680
2016$27,523,415$277,123▲ $3,207,143-$29,768,585
2015-$29,092,978▼ $581,176-$27,523,415
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Frederick T HillPresident$98,334$11,637$109,971
John KjennerCFO$64,929$25,468$90,397
Revenue and Support

Revenue Composition

Contributions and Grants
$1,580,249
Program Service Revenue
$1,521,598
Investment Income
$2,127,792
Other Revenue
$174,156
All Other Contributions
$1,580,249
Change in Net Assets
$1,673,781

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$74,882Fair Market Value (FMV)
Total Noncash Contributions2$74,882-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,933,426
Grants and Similar Amounts Paid$1,570,742
Salaries, Compensation, and Employee Benefits$225,846
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,570,742--$1,570,742
Depreciation Depletion$855,963$195,589-$1,051,552
Occupancy$219,045$50,052-$269,097
Current Officers, Directors, Trustees, and Key Employees-$210,255-$210,255
Fees for Services Legal-$184,210-$184,210
Fees for Service Investment Mgmnt Fees-$90,321-$90,321
Fees for Services Accounting-$41,750-$41,750
Fees for Services Other-$35,432-$35,432
Payroll Taxes-$15,591-$15,591
Travel-$12,457-$12,457
Conferences and Meetings-$8,000-$8,000
All Other Expenses-$5,272-$5,272
Other Expenses$189,473$2,376-$2,376
Insurance-$348-$348
Office Expenses-$184-$184
Total Functional Expenses$2,835,223$894,791$0$3,730,014
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Roessler-chadwick FoundationPalos Verdes Peninsula, CA501(c)(3)Endowment Appropriations$1,152,817
Roessler-chadwick FoundationPalos Verdes Peninsula, CA501(c)(3)General Support$417,925
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Combined Branches$3,336,246

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Infrastructure & Economic Development Bank2017-12-01-Acquisition and improvement of facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,000,000--$730,672

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The finance committee is presented a draft of the form 990 for review. A copy of the final form 990 is then given to the board of directors for review and comment before it is filed with the irs.

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

Each new trustee completes a "conflict of interest" questionnaire and then annually each board member completes the "governance conflict" questionnaire. Upon identification of a conflict of interest, the chairman and the board will best determine how to proceed.

Form 990, Part VI, Section C, Line 19

The form 990, the determination letter, the conflict of interest, and governing documents are available upon request by the public. A copy of the form 990 is also available on guidestar.org.

Filing and Contact Details

Filer

Filer Name
Roessler-chadwick Foundation Group
EIN
47-1272243
Phone
3103771543
Address
26800 S ACADEMY DRIVE, PALOS VERDES PENINSULA, CA 90274

Signing Officer

Name
John Kjenner
Title
CFO
Phone
3103771543
Signed
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick T Hill
Formed
2014
Legal Domicile
CA
Voting Board Members
22
Independent Board Members
21
Employees
4
Volunteers
22

Preparer

Firm
Windes Inc
Address
PO BOX 87, LONG BEACH, CA 90801-0087
Preparer
Donita M Joseph
Phone
5624351191
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Effective july 1, 2015, the roessler-chadwick foundation (the foundation) transferred its endowment, physical plant assets, and certain intellectual property to the roessler-chadwick foundation group (the organization), a newly formed entity under common board management. The intended use of the organization's endowment funds is to provide a source of funding for the foundation's scholarship program.

PART X, LINE 2:

The organization is a public charity structured as a nonprofit corporation under internal revenue code section 501(c)(3). The organization is exempt from income taxes, domestic and foreign, related to revenue received in connection with exempt programs. The organization recognizes the financial statement benefit of tax positions, such as its filing status as tax-exempt, only after determining that the relevant tax authority would more likely than not sustain the position following an audit. In december 2017, the tax cuts and jobs act was enacted, which may result in additional unrelated business taxable income on certain fringe benefits. The organization is subject to potential income tax audits on open tax years by any taxing jurisdiction in which it operates. The statute of limitations for federal and california state purposes is generally three and four years, respectively.

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IRS990/Form990PartVIISectionAGrp/PersonNm22JOHN KJENNER
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