Civic Intelligence

Rebound Inc.

990 • Fiscal year 2017 • EIN 47-1546411

Nov 01, 2016 to Oct 31, 2017 • Filed on Feb 14, 2018

3415 Fremont Ave NMinneapolis, MN 55412

(612) 205-6640

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.75x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.07x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

39th percentile

-0.7%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

8.0%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$46,627

Up $4,714 (+11%) from 2016

Net Assets

Down

$11,878

Down $3,273 (-22%) from 2016

Liabilities

Up

$34,749

Up $7,987 (+30%) from 2016

Revenue

Up

$493,490

Up $36,420 (+8.0%) from 2016

Expenses

Up

$496,763

Up $83,274 (+20%) from 2016

Net Income

Down

-$3,273

Down $46,854 (-108%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $1Liabilities 2014: $02014Assets 2016: $41,913Liabilities 2016: $26,762Net Assets 2016: $15,1512016Assets 2017: $46,627Liabilities 2017: $34,749Net Assets 2017: $11,8782017Assets 2018: $277,778Liabilities 2018: $34,498Net Assets 2018: $243,2802018Assets 2019: $467,337Liabilities 2019: $196,189Net Assets 2019: $271,1482019Assets 2020: $1,043,378Liabilities 2020: $419,403Net Assets 2020: $623,9752020Assets 2021: $1,705,422Liabilities 2021: $344,618Net Assets 2021: $1,360,8042021Assets 2022: $1,798,731Liabilities 2022: $290,353Net Assets 2022: $1,508,3782022Assets 2023: $1,331,784Liabilities 2023: $190,074Net Assets 2023: $1,141,7102023Assets 2024: $1,221,747Liabilities 2024: $284,603Net Assets 2024: $937,1442024

Highlighted filing

2017

Assets$46,627
Liabilities$34,749
Net Assets$11,878

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2016: $457,070Expenses 2016: $413,489Net Income 2016: $43,5812016Revenue 2017: $493,490Expenses 2017: $496,763Net Income 2017: -$3,2732017Revenue 2018: $1,136,686Expenses 2018: $935,393Net Income 2018: $201,2932018Revenue 2019: $1,334,265Expenses 2019: $1,306,397Net Income 2019: $27,8682019Revenue 2020: $1,819,897Expenses 2020: $1,467,070Net Income 2020: $352,8272020Revenue 2021: $2,581,147Expenses 2021: $1,844,318Net Income 2021: $736,8292021Revenue 2022: $2,264,517Expenses 2022: $2,074,519Net Income 2022: $189,9982022Revenue 2023: $1,841,400Expenses 2023: $2,233,743Net Income 2023: -$392,3432023Revenue 2024: $1,874,600Expenses 2024: $2,152,231Net Income 2024: -$277,6312024

Highlighted filing

2017

Revenue$493,490
Expenses$496,763
Net Income-$3,273
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Feb 14, 2018
Return Version
2016v3.0
Gross Receipts
$493,490
Mission and Program Overview

Mission

Reduce the over representation of african american males in the juvenile justice system.

Reduce the overrepresentation of black youth in the juvenile justice system. Rebound currently runs a group home for young men ages 14-21.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,358$24,428▲ $5,070
Land, Buildings, and Equipment, Net$10,666$19,706▲ $9,040
Loans From Officers Directors$7,120--
Prepaid Expenses and Deferred Charges-$1,842-
Accounts Receivable$11,788$550▼ $11,238
Savings and Temporary Cash Investments$101$101→ $0
Total Assets$41,913$46,627▲ $4,714
Liabilities
Accounts Payable and Accrued Expenses$19,642$29,179▲ $9,537
Mortgage Notes Payable Secured by Investment Property-$5,570-
Total Liabilities$26,762$34,749▲ $7,987
Net Assets / Fund Balance
Unrestricted Net Assets$15,151$11,878▼ $3,273
Total Net Assets Fund Balance$15,151$11,878▼ $3,273
Total Liabilities and Net Assets / Fund Balance$41,913$46,627▲ $4,714

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,706$3,045$21,751
Leasehold Improvements$1,000$1,000$2,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carmeann FosterExecutive DirectorFT$54,492$376$54,868
Christina BottsFinance DirectorPT$52,500-$52,500
Charlene ForbesDirector & Resident Suppor-$1,385$371$1,756

Board Members and Trustees

NameTitle
Robert InmanDirector
Tony HunterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$43,547
Program Service Revenue
$449,942
Investment Income
$1
Other Revenue
$0
All Other Contributions
$43,547
Change in Net Assets
$-3,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$384,639
Other Expenses$112,124
Total Fundraising Expense$323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,811--$230,811
Current Officers, Directors, Trustees, and Key Employees$33,444$80,625-$114,069
Payroll Taxes$23,790$7,106-$30,896
Occupancy$22,908$1,176-$24,084
Insurance$15,727$5,241-$20,968
Comp Disqual Persons$8,580$283-$8,863
All Other Expenses$6,832$-482$195$6,545
Fees for Services Accounting$4,351$1,450-$5,801
Other Expenses$2,955--$2,955
Depreciation Depletion$2,738--$2,738
Office Expenses$898--$898
Advertising--$128$128
Interest$73--$73
Total Functional Expenses$401,041$95,399$323$496,763
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Carmeann FosterLessorRent PaymentsNo$17,400

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$7,120--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Carmeann foster and charlene forbes are sisters.

Form 990, Part VI, Section A, Line 8B

Rebound inc.'s does not have any committees.

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

The 990 is reviewed by the finance director and a copy is provided to other board members for review and approval.

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

Board of directors are required to disclose conflicts. During board meetings, if there is a conflict, the directors discuss the conflict and make decisions accordingly.

Form 990, Part VI, Section B, Line 15

All key employees and officers' compensation were determined by researching comparable salaries and implementing them accordingly.

Form 990, Part VI, Section C, Line 19

A copy of the 990 is posted to the organization's website and is available upon request in other formats by contacting the finance director.

Filing and Contact Details

Filer

Filer Name
Rebound Inc
EIN
47-1546411
Phone
6122056640
Address
3415 FREMONT AVE N, MINNEAPOLIS, MN 55412

Signing Officer

Name
Carmeann Foster
Title
Executive Director
Phone
6122056640
Signed
2018-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmeann Foster
Formed
2014
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
2
Employees
27
Volunteers
10

Preparer

Firm
Boeckermann Grafstrom & Mayer LLC
Address
332 MINNESOTA STREET STE W-900, ST PAUL, MN 55101
Preparer
Corey Edmunds
Phone
6512279431
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There was no change in the oversight process.

Raw XML Appendix386 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.

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IRS990/ActivityOrMissionDesc0REDUCE THE OVERREPRESENTATION OF BLACK YOUTH IN THE JUVENILE JUSTICE SYSTEM. REBOUND CURRENTLY RUNS A GROUP HOME FOR YOUNG MEN AGES 14-21.
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IRS990/Desc0REBOUND, INC. STRIVES TO REDUCE THE OVERREPRESENTATION OF AFRICAN AMERICAN YOUTH IN THE JUVENILE JUSTICE SYSTEM. REBOUND, INC'S INAUGURAL PROGRAM, JORDAN HOUSE, IS A CULTURALLY SPECIFIC THERAPEUTIC RESIDENTIAL GROUP HOME AND SHELTER PROGRAM FOR YOUNG MEN AGES 14-21 WHO ARE INVOLVED WITH THE JUVENILE JUSTICE SYSTEM OR CHILD PROTECTIVE SERVICES. NINETY-TWO PERCENT OF THE RESIDENTS SERVED WERE OF AFRICAN OR AFRICAN AMERICAN DESCENT. DURING THIS FISCAL YEAR, JORDAN HOUSE RECEIVED 47 GROUP HOME AND SHELTER REFERRALS. WITH THE CAPACITY TO SERVE ONLY 6 RESIDENTS AT A TIME, JORDAN HOUSE HAS ADMITTED 26 YOUNG MEN INTO ITS GROUP HOME AND SHELTER PROGRAMS. TWENTY-FIVE OF THOSE YOUNG MEN HAVE MATRICULATED THROUGH OUR PROGRAM. THIRTY-EIGHT PERCENT HAVE SUCCESSFULLY COMPLETED THE PROGRAM, WHILE 4% CONTINUE TO BE SERVED.
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IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019706
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CARMEANN FOSTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0LESSOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt017400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT PAYMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt028720
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CHRISTINA BOTTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FINANCIAL DIRECTOR/BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CARMEANN FOSTER AND CHARLENE FORBES ARE SISTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REBOUND INC.'S DOES NOT HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE FINANCE DIRECTOR AND A COPY IS PROVIDED TO OTHER BOARD MEMBERS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS. DURING BOARD MEETINGS, IF THERE IS A CONFLICT, THE DIRECTORS DISCUSS THE CONFLICT AND MAKE DECISIONS ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL KEY EMPLOYEES AND OFFICERS' COMPENSATION WERE DETERMINED BY RESEARCHING COMPARABLE SALARIES AND IMPLEMENTING THEM ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE 990 IS POSTED TO THE ORGANIZATION'S WEBSITE AND IS AVAILABLE UPON REQUEST IN OTHER FORMATS BY CONTACTING THE FINANCE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt041913
IRS990/TotalAssetsEOYAmt046627
IRS990/TotalAssetsGrp/BOYAmt041913
IRS990/TotalAssetsGrp/EOYAmt046627
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt043547
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0323
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095399
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0401041
IRS990/TotalFunctionalExpensesGrp/TotalAmt0496763
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026762
IRS990/TotalLiabilitiesEOYAmt034749
IRS990/TotalLiabilitiesGrp/BOYAmt026762
IRS990/TotalLiabilitiesGrp/EOYAmt034749
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015151
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011878
IRS990/TotalOtherCompensationAmt0747
IRS990/TotalProgramServiceExpensesAmt0401041
IRS990/TotalProgramServiceRevenueAmt0449942
IRS990/TotalReportableCompFromOrgAmt0108377
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0449942
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0493490
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt041913
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt046627
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt015151
IRS990/UnrestrictedNetAssetsGrp/EOYAmt011878
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03415 FREMONT AVE N
IRS990/USAddress/CityNm0MINNEAPOLIS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055412
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.REBOUNDMPLS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARMEANN FOSTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06122056640
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REBOUND INC
ReturnHeader/Filer/BusinessNameControlTxt0REBO
ReturnHeader/Filer/EIN0471546411
ReturnHeader/Filer/PhoneNum06122056640
ReturnHeader/Filer/USAddress/AddressLine1Txt03415 FREMONT AVE N
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055412
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EB6D52E38770AA3BD6D4000CD4552C8E2920AE3F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0855C7C4E33D7C022347E269D1248A380BF3A9142
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.194.192.210
ReturnHeader/FilingSecurityInformation/IPDt02018-02-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:11:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200472826
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOECKERMANN GRAFSTROM & MAYER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0332 MINNESOTA STREET STE W-900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055101
ReturnHeader/PreparerPersonGrp/PhoneNum06512279431
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COREY EDMUNDS
ReturnHeader/ReturnTs02018-02-20T14:21:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

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