Civic Intelligence

Rsm Us Foundation

990 • Fiscal year 2015 • EIN 47-2248988

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 19, 2016

331 W 3rd St Ste 200Davenport, IA 52801

(319) 354-1500

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Assets

$4,288,471

No earlier filing loaded for comparison.

Net Assets

$4,288,471

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$4,942,080

No earlier filing loaded for comparison.

Expenses

$653,609

No earlier filing loaded for comparison.

Net Income

$4,288,471

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2015: $4,288,471Liabilities 2015: $0Net Assets 2015: $4,288,4712015Assets 2016: $5,647,912Liabilities 2016: $56,372Net Assets 2016: $5,591,5402016Assets 2017: $7,338,587Liabilities 2017: $570,773Net Assets 2017: $6,767,8142017Assets 2018: $9,705,399Liabilities 2018: $364,072Net Assets 2018: $9,341,3272018Assets 2019: $12,521,827Liabilities 2019: $1,393,723Net Assets 2019: $11,128,1042019Assets 2020: $12,346,082Liabilities 2020: $1,139,782Net Assets 2020: $11,206,3002020Assets 2021: $13,920,904Liabilities 2021: $1,175,322Net Assets 2021: $12,745,5822021Assets 2022: $13,888,045Liabilities 2022: $768,452Net Assets 2022: $13,119,5932022Assets 2023: $16,170,213Liabilities 2023: $844,263Net Assets 2023: $15,325,9502023Assets 2024: $17,497,106Liabilities 2024: $1,419,596Net Assets 2024: $16,077,5102024

Highlighted filing

2015

Assets$4,288,471
Liabilities$0
Net Assets$4,288,471

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,942,080Expenses 2015: $653,609Net Income 2015: $4,288,4712015Revenue 2016: $3,505,739Expenses 2016: $2,196,814Net Income 2016: $1,308,9252016Revenue 2017: $4,212,018Expenses 2017: $3,212,380Net Income 2017: $999,6382017Revenue 2018: $6,493,248Expenses 2018: $3,282,090Net Income 2018: $3,211,1582018Revenue 2019: $6,522,801Expenses 2019: $5,523,838Net Income 2019: $998,9632019Revenue 2020: $5,987,531Expenses 2020: $6,387,221Net Income 2020: -$399,6902020Revenue 2021: $7,669,329Expenses 2021: $6,830,799Net Income 2021: $838,5302021Revenue 2022: $11,436,513Expenses 2022: $9,034,475Net Income 2022: $2,402,0382022Revenue 2023: $8,036,477Expenses 2023: $7,153,298Net Income 2023: $883,1792023Revenue 2024: $7,047,036Expenses 2024: $7,007,407Net Income 2024: $39,6292024

Highlighted filing

2015

Revenue$4,942,080
Expenses$653,609
Net Income$4,288,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 19, 2016
Return Version
2015v2.1
Gross Receipts
$4,942,080
Mission and Program Overview

Mission

Dedicated to building tomorrow's middle market leaders by:- enhancing educational outcomes through programs for individuals to have a career path to become an entrepreneur or middle market business leader- supporting organizations committed to providing a more stable environment for youth in the areas of hunger, housing or health, which help them excel in education

Dedicated to building tomorrow's middle market leaders by enhancing educational outcomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$4,288,471▲ $4,288,471
Rtn Earn Endowment Incm Other Fnds$0$4,288,471▲ $4,288,471
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$4,288,471▲ $4,288,471
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$4,288,471▲ $4,288,471
Total Liabilities and Net Assets / Fund Balance$0$4,288,471▲ $4,288,471
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph M AdamsPresident
Mike KirleyVice President & Secretary
Craig T RadkeDirector
Marty BrunkDirector
Melissa ProphetDirector
Doug OpheimTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,942,080
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$31,005
Change in Net Assets
$4,288,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,942,080
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$25,000
Total Revenue per Audited Statements
$4,967,080
Total Revenue per Form 990
$4,942,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$646,343
Other Expenses$7,266
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$646,343--$646,343
Other Expenses-$6,516-$6,516
Information Technology$750--$750
Total Functional Expenses$647,093$6,516$0$653,609

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$678,609
Expenses per Audited Statements$653,609
Total Expenses per Form 990$653,609
Expenses Not Reported on Form 990$25,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davis Love Iii FoundationSea Island, GA501(c)(3)Birdies Fore Love Matching Grant$585,000
Greater Chicago Food DepositoryChicago, IL501(c)(3)Dollars for Doers Grant$13,700
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
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Joseph m. Adams, mike kirley, doug opheim, marty brunk, and craig t. Radke have a business relationship.

Form 990, Part VI, Section A, Line 6

The foundation has one member, rsm us llp, an iowa limited liability partnership.

Form 990, Part VI, Section A, Line 7A

The member, rsm us llp, appoints foundation directors and may remove foundation directors.

Form 990, Part VI, Section A, Line 7B

The member, rsm us llp, reviews the affairs of the foundation and takes action it deems appropriate in accordance with the foundation bylaws. The bylaws provide that the following board actions are must be reviewed and approved by the member: (a) amendment or restatement of foundation articles of incorporation or bylaws (b) merger, consolidation, dissolution, or winding up of the foundation; and (c) other matters as may be required by law to be submitted to the member, or which the board determines should be submitted to the member

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

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed in draft form by the full board of directors. All questions and concerns are addressed and resolved before becoming final. The final form 990 is provided to the full board of directors prior to filing with the irs.

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

All officers and directors are required to disclose the existence of a potential or actual financial interest or business relationship that would represent a conflict of interest according to the organization's bylaws. The organization monitors and enforces this policy on a consistent basis.

Form 990, Part VI, Section C, Line 19

The following documents are available to the public upon request. - articles of incorporation - bylaws - conflict of interest policy - financial statements

Filing and Contact Details

Filer

Filer Name
Rsm US Foundation
EIN
47-2248988
Phone
3193541500
Address
331 W 3RD ST STE 200, DAVENPORT, IA 52801

Signing Officer

Name
Doug Opheim
Title
Treasurer
Phone
3193541500
Signed
2016-08-19

Organization Details

Principal Officer
Joseph M Adams
Formed
2014
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
6
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The asc provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the foundation's tax return to determine whether the tax positions are more-likely-than-not of being sustained when challenged or when examined by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. Management has determined that there are no material uncertain income tax positions. Currently, all periods since inception are subject to income tax examinations by the u.s. Federal, state, and local tax authorities.

Raw XML Appendix370 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT & SECRETARY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASC PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. CURRENTLY, ALL PERIODS SINCE INCEPTION ARE SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, AND LOCAL TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/CashGrantAmt0585000
IRS990ScheduleI/RecipientTable/CashGrantAmt113700
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BIRDIES FORE LOVE MATCHING GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DOLLARS FOR DOERS GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DAVIS LOVE III FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GREATER CHICAGO FOOD DEPOSITORY
IRS990ScheduleI/RecipientTable/RecipientEIN0202920597
IRS990ScheduleI/RecipientTable/RecipientEIN1362971864
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 30959
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14100 W ANN LURIE PL
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IL
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RSM US FOUNDATION REQUIRES REPORTS FROM RECIPIENT ORGANIZATIONS WITH A LEVEL OF DETAIL AND FREQUENCY COMMENSURATE WITH THE SIZE AND PURPOSE OF THE GRANT. THE BOARD OF DIRECTORS ESTABLISHES GRANT OVERSIGHT GUIDELINES THAT ARE APPLIED CONSISTENTLY ACROSS THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOSEPH M. ADAMS, MIKE KIRLEY, DOUG OPHEIM, MARTY BRUNK, AND CRAIG T. RADKE HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS ONE MEMBER, RSM US LLP, AN IOWA LIMITED LIABILITY PARTNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBER, RSM US LLP, APPOINTS FOUNDATION DIRECTORS AND MAY REMOVE FOUNDATION DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBER, RSM US LLP, REVIEWS THE AFFAIRS OF THE FOUNDATION AND TAKES ACTION IT DEEMS APPROPRIATE IN ACCORDANCE WITH THE FOUNDATION BYLAWS. THE BYLAWS PROVIDE THAT THE FOLLOWING BOARD ACTIONS ARE MUST BE REVIEWED AND APPROVED BY THE MEMBER: (A) AMENDMENT OR RESTATEMENT OF FOUNDATION ARTICLES OF INCORPORATION OR BYLAWS (B) MERGER, CONSOLIDATION, DISSOLUTION, OR WINDING UP OF THE FOUNDATION; AND (C) OTHER MATTERS AS MAY BE REQUIRED BY LAW TO BE SUBMITTED TO THE MEMBER, OR WHICH THE BOARD DETERMINES SHOULD BE SUBMITTED TO THE MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED IN DRAFT FORM BY THE FULL BOARD OF DIRECTORS. ALL QUESTIONS AND CONCERNS ARE ADDRESSED AND RESOLVED BEFORE BECOMING FINAL. THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE THE EXISTENCE OF A POTENTIAL OR ACTUAL FINANCIAL INTEREST OR BUSINESS RELATIONSHIP THAT WOULD REPRESENT A CONFLICT OF INTEREST ACCORDING TO THE ORGANIZATION'S BYLAWS. THE ORGANIZATION MONITORS AND ENFORCES THIS POLICY ON A CONSISTENT BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOLLOWING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. - ARTICLES OF INCORPORATION - BYLAWS - CONFLICT OF INTEREST POLICY - FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalAssetsEOYAmt04288471
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt04288471
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04942080
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06516
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0647093
IRS990/TotalFunctionalExpensesGrp/TotalAmt0653609
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04288471
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04942080
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04288471
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG OPHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03193541500
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RSM US FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RSMU
ReturnHeader/Filer/EIN0472248988
ReturnHeader/Filer/PhoneNum03193541500
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd052801
ReturnHeader/ReturnTs02016-08-23T09:14:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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