Civic Intelligence

Foothills Reserve Master Owners'

990 • Fiscal year 2018 • EIN 48-1260769

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.FOOTHILLSRESERVE.ORG
8360 E Via DE Ventura Ste L100Scottsdale, AZ 85258

(480) 921-7500

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.01x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Net Margin

97th percentile

93%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

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

2018 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2018

Asset Growth

99th percentile

2246%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

1870%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets20th percentile

Assets

Up

$5,261,455

Up $5,037,154 (+2246%) from 2017

Net Assets

Up

$5,226,972

Up $5,002,671 (+2230%) from 2017

Liabilities

Up

$34,483

Up $34,483 from 2017

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin97th percentile

Revenue

Up

$5,370,107

Up $5,097,569 (+1870%) from 2017

Expenses

Up

$367,436

Up $147,195 (+67%) from 2017

Net Income

Up

$5,002,671

Up $4,950,374 (+9466%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$6.0M$4.0M$2.0M$0Assets 2017: $224,301Liabilities 2017: $0Net Assets 2017: $224,3012017Assets 2018: $5,261,455Liabilities 2018: $34,483Net Assets 2018: $5,226,9722018Assets 2019: $4,619,420Liabilities 2019: $31,798Net Assets 2019: $4,587,6222019Assets 2020: $4,030,393Liabilities 2020: $33,051Net Assets 2020: $3,997,3422020Assets 2021: $3,814,251Liabilities 2021: $24,679Net Assets 2021: $3,789,5722021Assets 2022: $4,734,296Liabilities 2022: $987,493Net Assets 2022: $3,746,8032022Assets 2023: $4,387,350Liabilities 2023: $655,424Net Assets 2023: $3,731,9262023Assets 2024: $3,988,947Liabilities 2024: $679,994Net Assets 2024: $3,308,9532024

Highlighted filing

2018

Assets$5,261,455
Liabilities$34,483
Net Assets$5,226,972
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $272,538Expenses 2017: $220,241Net Income 2017: $52,2972017Revenue 2018: $5,370,107Expenses 2018: $367,436Net Income 2018: $5,002,6712018Revenue 2019: $289,684Expenses 2019: $929,034Net Income 2019: -$639,3502019Revenue 2020: $354,894Expenses 2020: $945,174Net Income 2020: -$590,2802020Revenue 2021: $307,886Expenses 2021: $515,636Net Income 2021: -$207,7502021Revenue 2022: $340,312Expenses 2022: $383,081Net Income 2022: -$42,7692022Revenue 2023: $326,713Expenses 2023: $356,657Net Income 2023: -$29,9442023Revenue 2024: $400,511Expenses 2024: $823,484Net Income 2024: -$422,9732024

Highlighted filing

2018

Revenue$5,370,107
Expenses$367,436
Net Income$5,002,671
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$5,370,107
Mission and Program Overview

Mission

To protect and maintain the overall aesthetics of the community and to provide recreational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$224,301$5,226,972▲ $5,002,671
Cash and Non-Interest-Bearing Accounts$102,260$5,118,580▲ $5,016,320
Savings and Temporary Cash Investments$122,041$142,875▲ $20,834
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$224,301$5,261,455▲ $5,037,154
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$34,483-
Total Liabilities$0$34,483▲ $34,483
Net Assets / Fund Balance
Total Net Assets Fund Balance$224,301$5,226,972▲ $5,002,671
Total Liabilities and Net Assets / Fund Balance$224,301$5,261,455▲ $5,037,154
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Galen SchliemPresident
Randy GallagherVice President
Charissa MccarronDirector
Timothy EullDirector
Kellie HustonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$238,519
Investment Income
$441
Other Revenue
$5,131,147
Change in Net Assets
$5,002,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$367,436
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$56,944-$56,944
Other Expenses$27,995$13,889-$13,889
Insurance-$8,843-$8,843
All Other Expenses$85$7,493-$7,578
Total Functional Expenses$280,267$87,169$0$367,436
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Each unit owner within the homeowners association is a member of the organization.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Elections for new member of the governing board are conducted on an annual basis in accordance with the associations organizational documents.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Any substantial changes to the organizational documents are approved by the general membership of the community.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The association makes its governing documents, conflict of interest policy and financial statements available through its onsite adminstrative office. No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Foothills Reserve Master Owners
EIN
48-1260769
Phone
4809217500
Address
8360 E VIA DE VENTURA STE L100, SCOTTSDALE, AZ 85258

Signing Officer

Name
Galen Schliem
Title
President
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Galen Schliem
Formed
2000
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
3

Preparer

Firm
Butler Hansen PC
Address
1734 E Boston St Ste 101, Gilbert, AZ 85295
Preparer
Paul E Hansen CPA
Phone
4804971250
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The association accounts for uncertain tax positions, if any, in accordance with fasb accounting standards codification section 740. In accordance with these professional standards, the association recognizes tax positions only to the extent that management believes it is "more likely than not" that its tax positions will be sustained upon irs examination. Management believes that it has no uncertain tax position for the year ending december 31, 2018.the association believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the association's financial condition or net income. Accordingly, the association has not recorded any reserves, or related accruals for interest and penalties for uncertaintax provisions at december 31, 2018.the association is subject to routine audits by taxing jurisdictions; however, there are no audits currently in progress for any tax periods. The association believes it is no longer subject to income tax examinations by u.s. Federal tax authorities for years before 2016, or by arizona state tax authorities for years before 2015.”

Raw XML Appendix355 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 ASSOCIATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY, IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION SECTION 740. IN ACCORDANCE WITH THESE PROFESSIONAL STANDARDS, THE ASSOCIATION RECOGNIZES TAX POSITIONS ONLY TO THE EXTENT THAT MANAGEMENT BELIEVES IT IS "MORE LIKELY THAN NOT" THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON IRS EXAMINATION. MANAGEMENT BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITION FOR THE YEAR ENDING DECEMBER 31, 2018.THE ASSOCIATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ASSOCIATION'S FINANCIAL CONDITION OR NET INCOME. ACCORDINGLY, THE ASSOCIATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAINTAX PROVISIONS AT DECEMBER 31, 2018.THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE NO AUDITS CURRENTLY IN PROGRESS FOR ANY TAX PERIODS. THE ASSOCIATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2016, OR BY ARIZONA STATE TAX AUTHORITIES FOR YEARS BEFORE 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH UNIT OWNER WITHIN THE HOMEOWNERS ASSOCIATION IS A MEMBER OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTIONS FOR NEW MEMBER OF THE GOVERNING BOARD ARE CONDUCTED ON AN ANNUAL BASIS IN ACCORDANCE WITH THE ASSOCIATIONS ORGANIZATIONAL DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY SUBSTANTIAL CHANGES TO THE ORGANIZATIONAL DOCUMENTS ARE APPROVED BY THE GENERAL MEMBERSHIP OF THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE THROUGH ITS ONSITE ADMINSTRATIVE OFFICE. NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalAssetsGrp/EOYAmt05261455
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt087169
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280267
IRS990/TotalFunctionalExpensesGrp/TotalAmt0367436
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt034483
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt034483
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0224301
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05226972
IRS990/TotalProgramServiceExpensesAmt0280267
IRS990/TotalProgramServiceRevenueAmt0238519
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05370107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05370107
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0224301
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05261455
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08360 E VIA DE VENTURA STE L100
IRS990/USAddress/CityNm0SCOTTSDALE
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085258
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.FOOTHILLSRESERVE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GALEN SCHLIEM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOOTHILLS RESERVE MASTER OWNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FOOT
ReturnHeader/Filer/EIN0481260769
ReturnHeader/Filer/PhoneNum04809217500
ReturnHeader/Filer/USAddress/AddressLine1Txt08360 E VIA DE VENTURA STE L100
ReturnHeader/Filer/USAddress/CityNm0SCOTTSDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085258
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860842863
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Butler Hansen PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01734 E Boston St Ste 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Gilbert
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085295
ReturnHeader/PreparerPersonGrp/PhoneNum04804971250
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Paul E Hansen CPA
ReturnHeader/ReturnTs02019-11-14T05:40:44-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,261,455
Liabilities
$34,483
Net assets
$5,226,972
Revenue
$5,370,107
Expenses
$367,436
Net income
$5,002,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.99$0.68$3.31$0.40$0.82$0.42
2023Detailed filing. Detailed filing data is available for this year.$4.39$0.66$3.73$0.33$0.36$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.73$0.99$3.75$0.34$0.38$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.81$0.02$3.79$0.31$0.52$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.03$0.03$4.00$0.35$0.95$0.59
2019Detailed filing. Detailed filing data is available for this year.$4.62$0.03$4.59$0.29$0.93$0.64
2018Detailed filing. Detailed filing data is available for this year.$5.26$0.03$5.23$5.37$0.37$5.00
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.27$0.22$0.05