Civic Intelligence

Ethan Lindberg Foundation Inc.

990 • Fiscal year 2015 • EIN 47-2373117

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 11, 2016

12254 Bellingham RoadCaledonia, IL 61011

(815) 978-3663

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

91st percentile

47%

Higher net margin than 91% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

97th percentile

$80,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 18.3% of source-year revenue.

2015 filings • 501(c)3 • <$500k 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

$209,413

No earlier filing loaded for comparison.

Net Assets

$207,327

No earlier filing loaded for comparison.

Liabilities

$2,086

No earlier filing loaded for comparison.

Revenue

$436,380

No earlier filing loaded for comparison.

Expenses

$229,130

No earlier filing loaded for comparison.

Net Income

$207,250

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.

$600K$400K$200K$0Assets 2015: $209,413Liabilities 2015: $2,086Net Assets 2015: $207,3272015Assets 2016: $521,376Liabilities 2016: $2,718Net Assets 2016: $518,6582016Assets 2017: $553,165Liabilities 2017: $3,826Net Assets 2017: $549,3392017Assets 2018: $407,969Liabilities 2018: $4,694Net Assets 2018: $403,2752018Assets 2019: $308,729Liabilities 2019: $4,698Net Assets 2019: $304,0312019Assets 2020: $230,255Liabilities 2020: $4,001Net Assets 2020: $226,2542020Assets 2021: $243,572Liabilities 2021: $1,861Net Assets 2021: $241,7112021Assets 2022: $259,160Liabilities 2022: $1,734Net Assets 2022: $257,4262022Assets 2023: $222,472Liabilities 2023: $1,940Net Assets 2023: $220,5322023Assets 2024: $145,780Liabilities 2024: $3,393Net Assets 2024: $142,3872024

Highlighted filing

2015

Assets$209,413
Liabilities$2,086
Net Assets$207,327

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $436,380Expenses 2015: $229,130Net Income 2015: $207,2502015Revenue 2016: $626,503Expenses 2016: $315,172Net Income 2016: $311,3312016Revenue 2017: $444,552Expenses 2017: $413,871Net Income 2017: $30,6812017Revenue 2018: $269,649Expenses 2018: $415,713Net Income 2018: -$146,0642018Revenue 2019: $285,404Expenses 2019: $384,648Net Income 2019: -$99,2442019Revenue 2020: $228,180Expenses 2020: $305,861Net Income 2020: -$77,6812020Revenue 2021: $205,257Expenses 2021: $190,998Net Income 2021: $14,2592021Revenue 2022: $188,899Expenses 2022: $173,133Net Income 2022: $15,7662022Revenue 2023: $125,803Expenses 2023: $162,237Net Income 2023: -$36,4342023Revenue 2024: $69,583Expenses 2024: $148,602Net Income 2024: -$79,0192024

Highlighted filing

2015

Revenue$436,380
Expenses$229,130
Net Income$207,250
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$458,064
Mission and Program Overview

Mission

The ethan lindberg foundation, on a charitable basis, will offer practical and financial support to families, advocate for them to collaborate and innovate together with their medical team to create health and joy-filled futures for their children with congenital heart disease. To further the ethan lindberg foundations purpose, the ethan lindberg foundation shall pursue the following initiatives: 1. Creating patient family housing for long term admissions; 2. Offering family grants to offset the financial burden of traveling for cardiac care; 3. Supporting and growing the work of the boston childrens hospital bi- ventricle repair group; 4. Creating individual care plans for children to improve communication and continuity of care; 5. Establishing and operating a music therapy program to bring joy and healing to children with congenital heart defects; and 6. Any other charitable purpose as the board of directors of the ethan lindberg foundation determines will charitably offer practical

To offer practical and financial support to families, advocate for them to collaborate and innovate together with their medical team to create health and joy-filled futures for their children with congenital heart disease

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$77$206,088▲ $206,011
Total Assets$77$209,413▲ $209,336
Other Assets Total-$3,325-
Liabilities
Accounts Payable and Accrued Expenses-$2,086-
Total Liabilities$0$2,086▲ $2,086
Net Assets / Fund Balance
Unrestricted Net Assets$77$207,327▲ $207,250
Total Net Assets Fund Balance$77$207,327▲ $207,250
Total Liabilities and Net Assets / Fund Balance$77$209,413▲ $209,336
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jessica LindbergDirector/preFT$80,000$80,000

Board Members and Trustees

NameTitle
Bradford PageDirector
Brita DietzelDirector
Dr Sitaram EmaniDirector
Erik LindbergDirector / S
Robert FredricksonDirector / T
Dr Audrey MarshallDirector / V
Revenue and Support

Revenue Composition

Contributions and Grants
$426,826
Program Service Revenue
$800
Investment Income
$0
Other Revenue
$8,754
All Other Contributions
$403,128
Change in Net Assets
$207,250

Audited Revenue Reconciliation

Revenue per Audited Statements
$436,380
Total Revenue per Audited Statements
$436,380
Total Revenue per Form 990
$436,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$88,675
Salaries, Compensation, and Employee Benefits$86,120
Grants and Similar Amounts Paid$54,335
Total Fundraising Expense$27,807
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,000$8,000$16,000$80,000
Grants to Domestic Orgs$42,426--$42,426
Fees for Services Legal$11,943$9,555$2,389$23,887
Advertising$6,056$3,746$6,056$15,858
Grants to Domestic Individuals$11,909--$11,909
Travel$9,764$1,085-$10,849
Occupancy$8,100--$8,100
Fees for Services Accounting-$6,400-$6,400
Payroll Taxes$4,284$612$1,224$6,120
Insurance$1,096$3,902-$4,998
Office Expenses$1,291$390$999$2,680
Other Expenses$393$123$438$561
All Other Expenses$45$368$45$458
Fees for Services Other-$100-$100
Total Functional Expenses$166,911$34,412$27,807$229,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$229,130
Total Expenses per Audited Statements$229,130
Total Expenses per Form 990$229,130
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BOSTON CHILDREN'S HOSPITAL TRUSTBoston, MA501c3Bi-vent. Repair Prog$26,410
BOSTON CHILDREN'S HOSPITAL TRUSTBoston, MA501c3Music Therapy$16,016
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,438
Fundraising Direct Expenses$21,684
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ethan Lindberg$54,136$30,438$21,684$8,754
Total Events$54,136$30,438$21,684$8,754
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
-Bod Mbr OwnerAttorney FeesNo$19,600
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
Yes
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, Page 6, Part VI, Line 2

Jessica lindberg erik lindberg president director spouses dr. Audrey marshall dr. Sitaram emani director director doctors at boston childrens

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 was distributed to the board members and reviewed prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed annually and board members sign disclosure forms. The president / executive director is responsible for monitoring and enforcing this policy.

Form 990, Page 6, Part VI, Line 15A

Compensation guide was used to determine salary range for executive director. Board discussion and approval of salary with all interested parties excluded from discussion and board vote.

Form 990, Page 6, Part VI, Line 19

The foundation's governing documents and made available upon request

Filing and Contact Details

Filer

Filer Name
Ethan Lindberg Foundation Inc
EIN
47-2373117
Phone
8159783663
Address
12254 BELLINGHAM ROAD, CALEDONIA, IL 61011

Signing Officer

Name
Jessica Lindberg
Title
Director/pres & CEO
Phone
8159783663
Signed
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Lindberg
Formed
2014
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
1
Volunteers
7

Preparer

Firm
Benning Group LLC
Address
6785 WEAVER RD STE 2A, ROCKFORD, IL 61114-8056
Preparer
Curtis D Kleckler
Phone
8153162375
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The ethan lindberg foundation, on a charitable basis, will offer practical and financial support to families, advocate for them to collaborate and innovate together with their medical team to create health and joy-filled futures for their children with congenital heart disease. To further the ethan lindberg foundations purpose, the ethan lindberg foundation shall pursue the following initiatives: 1. Creating patient family housing for long term admissions; 2. Offering family grants to offset the financial burden of traveling for cardiac care; 3. Supporting and growing the work of the boston childrens hospital bi- ventricle repair group; 4. Creating individual care plans for children to improve communication and continuity of care; 5. Hosting an annual conference to facilitate communication and collaboration between multiple cardiac programs that care for the same child; 6. Establishing and operating a music therapy program to bring joy and healing to children with congenital heart defects; and 7. Any other charitable purpose as the board of directors of the ethan lindberg foundation determines will charitably offer practical and financial support to families dealing with children with serious illnesses.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is a not-for-profit organization exempt from federal income taxes under internal revenue code section 501(c)(3) as other than a private foundation. Currently the foundation recognizes income tax positions based on management's estimate of whether it is probable that a liability has been incurred and that an amount can be reasonably estimated. The foundation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation files its forms 990 in the u.s. Federal jurisdiction and any applicable state agencies.

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IRS990/MissionDesc0THE ETHAN LINDBERG FOUNDATION, ON A CHARITABLE BASIS, WILL OFFER PRACTICAL AND FINANCIAL SUPPORT TO FAMILIES, ADVOCATE FOR THEM TO COLLABORATE AND INNOVATE TOGETHER WITH THEIR MEDICAL TEAM TO CREATE HEALTH AND JOY-FILLED FUTURES FOR THEIR CHILDREN WITH CONGENITAL HEART DISEASE. TO FURTHER THE ETHAN LINDBERG FOUNDATIONS PURPOSE, THE ETHAN LINDBERG FOUNDATION SHALL PURSUE THE FOLLOWING INITIATIVES: 1. CREATING PATIENT FAMILY HOUSING FOR LONG TERM ADMISSIONS; 2. OFFERING FAMILY GRANTS TO OFFSET THE FINANCIAL BURDEN OF TRAVELING FOR CARDIAC CARE; 3. SUPPORTING AND GROWING THE WORK OF THE BOSTON CHILDRENS HOSPITAL BI- VENTRICLE REPAIR GROUP; 4. CREATING INDIVIDUAL CARE PLANS FOR CHILDREN TO IMPROVE COMMUNICATION AND CONTINUITY OF CARE; 5. HOSTING AN ANNUAL CONFERENCE TO FACILITATE COMMUNICATION AND COLLABORATION BETWEEN MULTIPLE CARDIAC PROGRAMS THAT CARE FOR THE SAME CHILD; 6. ESTABLISHING AND OPERATING A MUSIC THERAPY PROGRAM TO BRING JOY AND HEALING TO CHILDREN WITH CONGENITAL HEART DEFE
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IRS990/ProgSrvcAccomActy2Grp/Desc0FAMILY GRANTS: DURING 2015, THE FOUNDATION ASSUMED RESPONSIBILITY FOR THE ADMINISTRATION OF A SEPARATE FUND HELD AT BOSTON CHILDREN'S HOSPITAL TO BE UTILIZED FOR GRANTS TO FAMILIES (PRINCIPALLY GIFT CARDS FOR MEALS AND OTHER EXPENSES). FUNDS DISBURSED DURING THE YEAR TOTALED 8,791.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AS OTHER THAN A PRIVATE FOUNDATION. CURRENTLY THE FOUNDATION RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AND THAT AN AMOUNT CAN BE REASONABLY ESTIMATED. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION FILES ITS FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND ANY APPLICABLE STATE AGENCIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS TO FAMILIES
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MUSIC THERAPY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BI-VENT. REPAIR PROG
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOSTON CHILDREN'S HOSPITAL TRUST
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOSTON CHILDREN'S HOSPITAL TRUST
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1401 PARK DRIVE SUITE 602
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS TO ORGANIZATIONS - THE FOUNDATION ONLY MAKES GRANTS TO TAX-EXEMPT ORGANIZATIONS WHO SHARE IN ITS VISION TO SUPPORT FAMILIES WHO HAVE CHILDREN WITH CONGENITAL HEART DISEASE. THE FOUNDATION ENTERS INTO FORMAL GRANT AGREEMENTS WITH EACH ORGANIZATION WHICH EXPRESSES THE INTENDED USE OF THE GRANT FUNDS AND REQUIRES PERIODIC REPORTS FROM THE ORGANIZATION DOCUMENTING THE IMPACT OF THE FUNDING. GRANTS TO FAMILIES - THE FOUNDATION HAS A FORMAL APPLICATION PROCESS WHICH FAMILIES INITIATE THROUGH THE FOUNDATION'S WEBSITE. THE FOUNDATION'S GRANT GIVING PROTOCOL INCLUDES PERSONAL INTERVIEWS WITH EITHER THE PRESIDENT OR HOSPITAL STAFF. DUE DILIGENCE PROCEDURES ARE PERFORMED ON APPLICATION INFORMATION TO VERIFY NEED AND REASONABLENESS OF COSTS ELIGIBLE FOR REIMBURSEMENT.
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0RENO & ZAHM LLP
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOD MBR OWNER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ATTORNEY FEES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ETHAN LINDBERG FOUNDATION, ON A CHARITABLE BASIS, WILL OFFER PRACTICAL AND FINANCIAL SUPPORT TO FAMILIES, ADVOCATE FOR THEM TO COLLABORATE AND INNOVATE TOGETHER WITH THEIR MEDICAL TEAM TO CREATE HEALTH AND JOY-FILLED FUTURES FOR THEIR CHILDREN WITH CONGENITAL HEART DISEASE. TO FURTHER THE ETHAN LINDBERG FOUNDATIONS PURPOSE, THE ETHAN LINDBERG FOUNDATION SHALL PURSUE THE FOLLOWING INITIATIVES: 1. CREATING PATIENT FAMILY HOUSING FOR LONG TERM ADMISSIONS; 2. OFFERING FAMILY GRANTS TO OFFSET THE FINANCIAL BURDEN OF TRAVELING FOR CARDIAC CARE; 3. SUPPORTING AND GROWING THE WORK OF THE BOSTON CHILDRENS HOSPITAL BI- VENTRICLE REPAIR GROUP; 4. CREATING INDIVIDUAL CARE PLANS FOR CHILDREN TO IMPROVE COMMUNICATION AND CONTINUITY OF CARE; 5. HOSTING AN ANNUAL CONFERENCE TO FACILITATE COMMUNICATION AND COLLABORATION BETWEEN MULTIPLE CARDIAC PROGRAMS THAT CARE FOR THE SAME CHILD; 6. ESTABLISHING AND OPERATING A MUSIC THERAPY PROGRAM TO BRING JOY AND HEALING TO CHILDREN WITH CONGENITAL HEART DEFECTS; AND 7. ANY OTHER CHARITABLE PURPOSE AS THE BOARD OF DIRECTORS OF THE ETHAN LINDBERG FOUNDATION DETERMINES WILL CHARITABLY OFFER PRACTICAL AND FINANCIAL SUPPORT TO FAMILIES DEALING WITH CHILDREN WITH SERIOUS ILLNESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JESSICA LINDBERG ERIK LINDBERG PRESIDENT DIRECTOR SPOUSES DR. AUDREY MARSHALL DR. SITARAM EMANI DIRECTOR DIRECTOR DOCTORS AT BOSTON CHILDRENS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 WAS DISTRIBUTED TO THE BOARD MEMBERS AND REVIEWED PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND BOARD MEMBERS SIGN DISCLOSURE FORMS. THE PRESIDENT / EXECUTIVE DIRECTOR IS RESPONSIBLE FOR MONITORING AND ENFORCING THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION GUIDE WAS USED TO DETERMINE SALARY RANGE FOR EXECUTIVE DIRECTOR. BOARD DISCUSSION AND APPROVAL OF SALARY WITH ALL INTERESTED PARTIES EXCLUDED FROM DISCUSSION AND BOARD VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION'S GOVERNING DOCUMENTS AND MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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