Civic Intelligence

Roi Fund Inc

990 • Fiscal year 2017 • EIN 47-5538183

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

8200 Roberts Drive No 22Atlanta, GA 30350

(678) 892-1200

Siviq Scores

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

Liabilities / Assets

4th percentile

0.00x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.00x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

1st percentile

-203%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$146,558

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 48.2% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

8th percentile

-9.5%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$20,078,743

Down $2,096,447 (-9.5%) from 2016

Net Assets

Down

$20,078,743

Down $2,081,447 (-9.4%) from 2016

Liabilities

Down

$0

Down $15,000 (-100%) from 2016

Revenue

Down

$304,310

Down $21,996,146 (-99%) from 2016

Expenses

Up

$921,146

Up $681,437 (+284%) from 2016

Net Income

Down

-$616,836

Down $22,677,583 (-103%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $22,175,190Liabilities 2016: $15,000Net Assets 2016: $22,160,1902016Assets 2017: $20,078,743Liabilities 2017: $0Net Assets 2017: $20,078,7432017Assets 2018: $17,163,949Liabilities 2018: $50,000Net Assets 2018: $17,113,9492018Assets 2019: $17,993,782Liabilities 2019: $50,000Net Assets 2019: $17,943,7822019Assets 2020: $17,699,380Liabilities 2020: $25,301Net Assets 2020: $17,674,0792020Assets 2021: $18,425,847Liabilities 2021: $0Net Assets 2021: $18,425,8472021Assets 2022: $16,089,739Liabilities 2022: $200,000Net Assets 2022: $15,889,7392022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$20,078,743
Liabilities$0
Net Assets$20,078,743

Operations Trend

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

$30M$20M$10M$0-$10M-$20MRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $22,300,456Expenses 2016: $239,709Net Income 2016: $22,060,7472016Revenue 2017: $304,310Expenses 2017: $921,146Net Income 2017: -$616,8362017Revenue 2018: -$684,407Expenses 2018: $1,545,728Net Income 2018: -$2,230,1352018Revenue 2019: $300,333Expenses 2019: $854,818Net Income 2019: -$554,4852019Revenue 2020: $264,337Expenses 2020: $1,173,792Net Income 2020: -$909,4552020Revenue 2021: $353,334Expenses 2021: $620,692Net Income 2021: -$267,3582021Revenue 2022: $209,578Expenses 2022: $902,265Net Income 2022: -$692,6872022Revenue 2023: $0Expenses 2023: $15,889,739Net Income 2023: -$15,889,7392023

Highlighted filing

2017

Revenue$304,310
Expenses$921,146
Net Income-$616,836
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$2,322,825
Mission and Program Overview

Mission

To carry out the purposes of the community foundation for greater atlanta, inc.

Roi fund is a supporting organization of the community foundation of greater atlanta, one of the largest community foundations in the us. Roi fund will carry out its exempt charitable purposes and functions by making grants to public charities supported by the community foundation for greater atlanta.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,483,487$9,401,155▼ $1,082,332
Total Assets$22,175,190$20,078,743▼ $2,096,447
Other Assets Total$11,691,703$10,677,588▼ $1,014,115
Liabilities
Grants Payable$15,000$0▼ $15,000
Total Liabilities$15,000$0▼ $15,000
Net Assets / Fund Balance
Unrestricted Net Assets$22,160,190$20,078,743▼ $2,081,447
Total Net Assets Fund Balance$22,160,190$20,078,743▼ $2,081,447
Total Liabilities and Net Assets / Fund Balance$22,175,190$20,078,743▼ $2,096,447

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,041,695--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Belinda BradyDirector$146,558$146,558
Barrett Coker KriseDirector$68,472$68,472

Board Members and Trustees

NameTitle
Millard ChoatePresident
Robert KennedyDirector
Susan ChoateDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$83,851
Program Service Revenue
$0
Investment Income
$220,459
Other Revenue
$0
All Other Contributions
$83,851
Change in Net Assets
$-616,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$304,310
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,464,611
Total Revenue per Audited Statements
$-1,160,301
Total Revenue per Form 990
$304,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$528,482
Other Expenses$392,664
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$528,482--$528,482
Insurance-$113,475-$113,475
Fees for Services Management-$50,000-$50,000
Fees for Service Investment Mgmnt Fees-$34,991-$34,991
Fees for Services Other-$21,791-$21,791
Fees for Services Accounting-$12,500-$12,500
Fees for Services Legal-$7,991-$7,991
Other Expenses-$50-$50
Total Functional Expenses$528,482$392,664$0$921,146

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$921,146
Total Expenses per Audited Statements$921,146
Total Expenses per Form 990$921,146
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Foundation for Greater AtlantaAtlanta, GA501(c)(3)Program Support$528,482
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

William, susan, emily and kathryn choate have a family relationship.

Form 990, Part VI, Section A, Line 3

The organization delegated management duties to the community foundation for greater atlanta, inc.

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

The draft version of form 990 is reviewed by the entire board for comment and question prior to filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Roi Fund Inc
EIN
47-5538183
Phone
6788921200
Address
8200 ROBERTS DRIVE NO 22, ATLANTA, GA 30350

Signing Officer

Name
Alex Hertz
Title
Treasurer
Phone
6788921200
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Hertz
Formed
2015
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Jeff T Fucito
Phone
7709558600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value of csv -2,464,320.

Form 990 Part XII Line 2C

The prior year auditors continued to provide auditing services for the current year. There have been no changes to the audit or financial statement oversight process.

Financial Statement Notes

PART X, LINE 2:

The fund is exempt from federal income tax under sections 501(c)(3) and 509(a)(3) of the irc. The fund qualifies as an exempt public foundation. The fund follows fasb's guidance for accounting for uncertainty in income tax (asc 740, accounting for uncertainty in income taxes), which creates a single model to address uncertain tax positions and clarifies the accounting for income taxes by prescribing a "more likely than not" minimum recognition threshold that a tax position is required to meet before being recognized in the financial statements. Under the requirements, tax-exempt organizations may be required to record an obligation as the result of a tax position they have historically taken on various tax exposure items. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelated to the fund's tax-exempt status would not have a material effect on the fund's financial statements. At december 31, 2017 and 2016, no liabilities were recorded for uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of csv -1,061,575. Change in value of csv -1,402,745.

Raw XML AppendixShowing 400 of 406 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(3) AND 509(A)(3) OF THE IRC. THE FUND QUALIFIES AS AN EXEMPT PUBLIC FOUNDATION. THE FUND FOLLOWS FASB'S GUIDANCE FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAX (ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES), WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAIN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING A "MORE LIKELY THAN NOT" MINIMUM RECOGNITION THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. UNDER THE REQUIREMENTS, TAX-EXEMPT ORGANIZATIONS MAY BE REQUIRED TO RECORD AN OBLIGATION AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FUND'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FUND'S FINANCIAL STATEMENTS. AT DECEMBER 31, 2017 AND 2016, NO LIABILITIES WERE RECORDED FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF CSV -1,061,575. CHANGE IN VALUE OF CSV -1,402,745.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt010677588
IRS990ScheduleD/TotalExpensesPerForm990Amt0921146
IRS990ScheduleD/TotalRevenuePerForm990Amt0304310
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1160301
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0921146
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0528482
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY FOUNDATION FOR GREATER ATLANTA
IRS990ScheduleI/RecipientTable/RecipientEIN0581344646
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0191 PEACHTREE STREET SUITE 1000
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030303
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM, SUSAN, EMILY AND KATHRYN CHOATE HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED MANAGEMENT DUTIES TO THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT VERSION OF FORM 990 IS REVIEWED BY THE ENTIRE BOARD FOR COMMENT AND QUESTION PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN VALUE OF CSV -2,464,320.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRIOR YEAR AUDITORS CONTINUED TO PROVIDE AUDITING SERVICES FOR THE CURRENT YEAR. THERE HAVE BEEN NO CHANGES TO THE AUDIT OR FINANCIAL STATEMENT OVERSIGHT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINE 2C
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE COMMUNITY FOUNDATION FOR GREATER ATL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581344646
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0STRENGTHEN THE COMMUNITY
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IRS990/TotalAssetsEOYAmt020078743
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IRS990/TotalProgramServiceExpensesAmt0528482
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IRS990/TotalRevenueGrp/ExclusionAmt0220459
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0304310
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020078743
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IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
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ReturnHeader/FilingSecurityInformation/IPTm015:01:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580692043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAULDIN & JENKINS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 GALLERIA PKWY SE STE 1700
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