Civic Intelligence

Sarahs Circle Inc.

990 • Fiscal year 2018 • EIN 52-1338101

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 13, 2019

2551 17th Street NW No 103Washington, DC 20009

(202) 483-8282

Siviq Scores

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

Liabilities / Assets

36th percentile

0.06x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.18x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

58th percentile

$140,370

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

92nd percentile

43%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

5th percentile

-50%

Faster revenue growth than 5% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$5,197,059

Up $1,562,241 (+43%) from 2017

Net Assets

Up

$4,859,331

Up $1,244,247 (+34%) from 2017

Liabilities

Up

$337,728

Up $317,994 (+1611%) from 2017

Revenue

Down

$1,826,156

Down $1,843,674 (-50%) from 2017

Expenses

Up

$581,909

Up $89,340 (+18%) from 2017

Net Income

Down

$1,244,247

Down $1,933,014 (-61%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,041,818Liabilities 2011: $215,269Net Assets 2011: $826,5492011Assets 2012: $947,864Liabilities 2012: $158,426Net Assets 2012: $789,4382012Assets 2013: $815,685Liabilities 2013: $141,855Net Assets 2013: $673,8302013Assets 2014: $746,464Liabilities 2014: $143,980Net Assets 2014: $602,4842014Assets 2015: $664,614Liabilities 2015: $145,829Net Assets 2015: $518,7852015Assets 2016: $922,990Liabilities 2016: $485,167Net Assets 2016: $437,8232016Assets 2017: $3,634,818Liabilities 2017: $19,734Net Assets 2017: $3,615,0842017Assets 2018: $5,197,059Liabilities 2018: $337,728Net Assets 2018: $4,859,3312018Assets 2019: $5,109,173Liabilities 2019: $126,724Net Assets 2019: $4,982,4492019Assets 2020: $4,854,781Liabilities 2020: $18,718Net Assets 2020: $4,836,0632020Assets 2021: $4,900,893Liabilities 2021: $22,131Net Assets 2021: $4,878,7622021Assets 2022: $4,890,614Liabilities 2022: $0Net Assets 2022: $4,890,6142022Assets 2023: $4,969,581Liabilities 2023: $0Net Assets 2023: $4,969,5812023Assets 2024: $4,928,493Liabilities 2024: $0Net Assets 2024: $4,928,4932024

Highlighted filing

2018

Assets$5,197,059
Liabilities$337,728
Net Assets$4,859,331

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $526,942Expenses 2011: $691,173Net Income 2011: -$164,2312011Revenue 2012: $569,586Expenses 2012: $653,671Net Income 2012: -$84,0852012Expenses 2013: $666,3002013Revenue 2014: $603,087Expenses 2014: $674,433Net Income 2014: -$71,3462014Revenue 2015: $507,225Expenses 2015: $590,924Net Income 2015: -$83,6992015Revenue 2016: $507,145Expenses 2016: $588,107Net Income 2016: -$80,9622016Revenue 2017: $3,669,830Expenses 2017: $492,569Net Income 2017: $3,177,2612017Revenue 2018: $1,826,156Expenses 2018: $581,909Net Income 2018: $1,244,2472018Revenue 2019: $326,916Expenses 2019: $280,510Net Income 2019: $46,4062019Revenue 2020: $219,691Expenses 2020: $365,224Net Income 2020: -$145,5332020Revenue 2021: $260,603Expenses 2021: $217,904Net Income 2021: $42,6992021Revenue 2022: $244,798Expenses 2022: $232,945Net Income 2022: $11,8532022Revenue 2023: $179,724Expenses 2023: $100,758Net Income 2023: $78,9662023Revenue 2024: $120,762Expenses 2024: $167,630Net Income 2024: -$46,8682024

Highlighted filing

2018

Revenue$1,826,156
Expenses$581,909
Net Income$1,244,247
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,826,156
Mission and Program Overview

Mission

To create a community that enables elderly persons of limited means to live with dignity in a decent, safe, and supportive environment which nurtures intellectual, social, and spiritual growth and physical well being.

To create and sustain a residential community that empowers elderly persons of limited means

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,617,266$4,175,256▲ $1,557,990
Cash and Non-Interest-Bearing Accounts$1,017,552$1,021,803▲ $4,251
Total Assets$3,634,818$5,197,059▲ $1,562,241
Liabilities
Other Liabilities$0$288,538▲ $288,538
Accounts Payable and Accrued Expenses$19,734$49,190▲ $29,456
Total Liabilities$19,734$337,728▲ $317,994
Net Assets / Fund Balance
Unrestricted Net Assets$3,615,084$4,859,331▲ $1,244,247
Total Net Assets Fund Balance$3,615,084$4,859,331▲ $1,244,247
Total Liabilities and Net Assets / Fund Balance$3,634,818$5,197,059▲ $1,562,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica PetroExecutive DirectorFT$132,000$8,370$140,370

Board Members and Trustees

NameTitle
Randall KellyPresident
Ann Fedorchak1st Vice President
Christine Hobbs2nd Vice President
Alex ViorstDirector
Alisha SandersDirector
Amoy McgheeDirector
Aubrey Jason GrantDirector
James GrahamDirector
Jeff BlackwellDirector
Kiesha Sameeud-deenDirector
Pj DeantonaDirector
Tshaye TaylorDirector
Virginia GibsonDirector
Zelina Ali-azizDirector
Christine BrosonskiSecretary
Jimmy HauerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,243
Program Service Revenue
$1,483,290
Investment Income
$74,755
Other Revenue
$13,868
All Other Contributions
$254,243
Change in Net Assets
$1,244,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,826,156
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,826,156
Total Revenue per Form 990
$1,826,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$371,335
Salaries, Compensation, and Employee Benefits$210,574
Total Fundraising Expense$11,758
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$190,000--$190,000
Current Officers, Directors, Trustees, and Key Employees$126,720$1,320$3,960$132,000
Other Salaries and Wages$74,185$773$2,318$77,276
Advertising$24,355$254$761$25,370
Fees for Services Accounting$23,185$242$725$24,152
Insurance$18,669$194$583$19,446
Office Expenses$9,224$97$289$9,610
Other Expenses$3,515$37$110$3,662
All Other Expenses$3,411$36$107$3,554
Occupancy$2,273$24$71$2,368
Payroll Taxes$1,246$13$39$1,298
Total Functional Expenses$566,229$3,922$11,758$581,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$581,909
Total Expenses per Audited Statements$581,909
Total Expenses per Form 990$581,909
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,281
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Developer Fee Payable$190,000
Due to Affiliates$90,196
Security Deposits$8,342
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copy of the irs form 990 is electronically sent to all members of the board upon the executive director's receipt of the irs form 990.

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

Each board member is required to disclose any potential conflict of interest to the board president. The member must then recues him/herself from the action under consideration. The executive director is generally aware of the areas of interest of each board member and is able to monitor compliance from that knowledge. In practice, very few, if any contracts with monetary significance are awarded in any particular year. Conflicts of interest regarding monetary gains are therefore nearly non-existent.

Form 990, Part VI, Section B, Line 15

The board and staff of the organization use an exhaustive compensation study done annually and sponsored by the center for non profit advancement, of which the organization is a member. The board approves the executive director salary and those of other staff as researched and recommended by the executive director. The compensation process for officer's salaries are the same as the process for executive director's salary.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy and financial statements available to the public.

FORM 990, PART VI, SECTION C, LINE 19:

Governing documents, including by-laws, organizational polices and annual reviews/audits are available upon request.

Filing and Contact Details

Filer

Filer Name
SARAH'S CIRCLE
EIN
52-1338101
Phone
2024838282
Address
2551 17TH STREET NW NO 103, WASHINGTON, DC 20009

Signing Officer

Name
Jessica Petro
Title
Executive Director
Phone
2024838282
Signed
2019-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Petro
Formed
1983
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
50

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVE, DOVER, OH 44622
Preparer
Dirk a Wallace
Phone
3303655400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Development fees: program service expenses 190,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 190,000.

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSON:

To live with dignity in a decent, safe, and supportive environment in washington, dc.

FORM 990, PART IV, SECTION B, LINE 11:

Copy of the irs form 990 is electronically sent to all members of the board upon the executive director's receipt of the irs form 990.

Form 990, Part XII, Line 2C

The organization did not change its oversight or selection process during the year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes (except taxes on unrelated business income) under section 501(c)(3) of the internal revenue code and is classified by the internal revenue services as other than a private foundation. No provision for income taxes is required for the year ended september 30, 2018 since the organization had no taxable income from unrelated business activities. The income tax position taken by the organization for any years open under the various statutes of limitations are that the organization continues to be exempt from income taxes and that they have properly reported unrelated business income that is subject to income taxes. The organization believes that there are no tax position taken or expected to be taken that would signifcantly increase unrecognized tax liabilities within 12 months of the reporting date. None of the organization's federal or state income tax returns are currently under examination.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt09281
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01826156
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/FundraisingAmt0583
IRS990/InsuranceGrp/ManagementAndGeneralAmt0194
IRS990/InsuranceGrp/ProgramServicesAmt018669
IRS990/InsuranceGrp/TotalAmt019446
IRS990/InvestmentIncomeGrp/ExclusionAmt074755
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt074755
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING AND A COMPREHENSIVE ARRAY OF SUPPORT SERVICES THAT ENABLE SENIOR CITIZENS TO AGE IN PLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03615084
IRS990/NetAssetsOrFundBalancesEOYAmt04859331
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt09281
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt09281
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt071
IRS990/OccupancyGrp/ManagementAndGeneralAmt024
IRS990/OccupancyGrp/ProgramServicesAmt02273
IRS990/OccupancyGrp/TotalAmt02368
IRS990/OfficeExpensesGrp/FundraisingAmt0289
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt097
IRS990/OfficeExpensesGrp/ProgramServicesAmt09224
IRS990/OfficeExpensesGrp/TotalAmt09610
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1SPECIAL EVENT
IRS990/OtherExpensesGrp/Desc2EQUIPMENT LEASE
IRS990/OtherExpensesGrp/Desc3LICENSES AND PERMITS
IRS990/OtherExpensesGrp/FundraisingAmt02150
IRS990/OtherExpensesGrp/FundraisingAmt1530
IRS990/OtherExpensesGrp/FundraisingAmt2115
IRS990/OtherExpensesGrp/FundraisingAmt3110
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0717
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1177
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt238
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt337
IRS990/OtherExpensesGrp/ProgramServicesAmt068808
IRS990/OtherExpensesGrp/ProgramServicesAmt116945
IRS990/OtherExpensesGrp/ProgramServicesAmt23693
IRS990/OtherExpensesGrp/ProgramServicesAmt33515
IRS990/OtherExpensesGrp/TotalAmt071675
IRS990/OtherExpensesGrp/TotalAmt117652
IRS990/OtherExpensesGrp/TotalAmt23846
IRS990/OtherExpensesGrp/TotalAmt33662
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0288538
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0SERVICE FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04587
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04587
IRS990/OtherRevenueTotalAmt04587
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02318
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0773
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074185
IRS990/OtherSalariesAndWagesGrp/TotalAmt077276
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt039
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013
IRS990/PayrollTaxesGrp/ProgramServicesAmt01246
IRS990/PayrollTaxesGrp/TotalAmt01298
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JESSICA PETRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01483290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01483290
IRS990/ProgSrvcAccomActy2Grp/Desc0SENIOR SERVICES AND ACTIVITIES: THE ORGANIZATION, WITH THE PARTICIPATION OF SENIOR CITIZENS, PROVIDES AND ARRANGES FOR EDUCATIONAL, CULTURAL, NUTRIONAL, AND HEALTH ACTIVITIES FOR APARTMENT RESIDENTS AND NEIGHBORHOOD SENIOR CITIZENS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt043110
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt04587
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0318761
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03125199
IRS990/PYOtherExpensesAmt0302501
IRS990/PYOtherRevenueAmt014178
IRS990/PYProgramServiceRevenueAmt0211692
IRS990/PYRevenuesLessExpensesAmt03177261
IRS990/PYSalariesCompEmpBnftPaidAmt0190068
IRS990/PYTotalExpensesAmt0492569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03669830
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01244247
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME RELATES TO DEVELOPER FEE INCOME EARNED IN CONNECTION WITH THE DEVELOPMENT OF AFFORDABLE HOUSING UNDER THE SECTION 42 LOW-INCOME HOUSING TAX CREDIT PROGRAM.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0254243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0318761
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0220284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0232331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0304453
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01330072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt074755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt043340
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0118115
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01483290
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt098790
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01582080
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.29790
IRS990ScheduleA/PublicSupportPY170Pct00.61580
IRS990ScheduleA/PublicSupportTotal170Amt0902666
IRS990ScheduleA/SubstantialContributorsTotAmt0427406
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0254243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0318761
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0220284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0232331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0304453
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01330072
IRS990ScheduleA/TotalSupportAmt03030267
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0581909
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt190196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2190000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEVELOPER FEE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01826156
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES (EXCEPT TAXES ON UNRELATED BUSINESS INCOME) UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICES AS OTHER THAN A PRIVATE FOUNDATION. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEAR ENDED SEPTEMBER 30, 2018 SINCE THE ORGANIZATION HAD NO TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE INCOME TAX POSITION TAKEN BY THE ORGANIZATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ORGANIZATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THEY HAVE PROPERLY REPORTED UNRELATED BUSINESS INCOME THAT IS SUBJECT TO INCOME TAXES. THE ORGANIZATION BELIEVES THAT THERE ARE NO TAX POSITION TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFCANTLY INCREASE UNRECOGNIZED TAX LIABILITIES WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ORGANIZATION'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0581909
IRS990ScheduleD/TotalLiabilityAmt0288538
IRS990ScheduleD/TotalRevenuePerForm990Amt01826156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01826156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0581909
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF THE IRS FORM 990 IS ELECTRONICALLY SENT TO ALL MEMBERS OF THE BOARD UPON THE EXECUTIVE DIRECTOR'S RECEIPT OF THE IRS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST TO THE BOARD PRESIDENT. THE MEMBER MUST THEN RECUES HIM/HERSELF FROM THE ACTION UNDER CONSIDERATION. THE EXECUTIVE DIRECTOR IS GENERALLY AWARE OF THE AREAS OF INTEREST OF EACH BOARD MEMBER AND IS ABLE TO MONITOR COMPLIANCE FROM THAT KNOWLEDGE. IN PRACTICE, VERY FEW, IF ANY CONTRACTS WITH MONETARY SIGNIFICANCE ARE AWARDED IN ANY PARTICULAR YEAR. CONFLICTS OF INTEREST REGARDING MONETARY GAINS ARE THEREFORE NEARLY NON-EXISTENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD AND STAFF OF THE ORGANIZATION USE AN EXHAUSTIVE COMPENSATION STUDY DONE ANNUALLY AND SPONSORED BY THE CENTER FOR NON PROFIT ADVANCEMENT, OF WHICH THE ORGANIZATION IS A MEMBER. THE BOARD APPROVES THE EXECUTIVE DIRECTOR SALARY AND THOSE OF OTHER STAFF AS RESEARCHED AND RECOMMENDED BY THE EXECUTIVE DIRECTOR. THE COMPENSATION PROCESS FOR OFFICER'S SALARIES ARE THE SAME AS THE PROCESS FOR EXECUTIVE DIRECTOR'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEVELOPMENT FEES: PROGRAM SERVICE EXPENSES 190,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,000.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$0.00$4.93$0.12$0.17$0.05
2023Detailed filing. Detailed filing data is available for this year.$4.97$0.00$4.97$0.18$0.10$0.08
2022Detailed filing. Detailed filing data is available for this year.$4.89$0.00$4.89$0.24$0.23$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.90$0.02$4.88$0.26$0.22$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.85$0.02$4.84$0.22$0.37$0.15
2019Detailed filing. Detailed filing data is available for this year.$5.11$0.13$4.98$0.33$0.28$0.05
2018Detailed filing. Detailed filing data is available for this year.$5.20$0.34$4.86$1.83$0.58$1.24
2017Detailed filing. Detailed filing data is available for this year.$3.63$0.02$3.62$3.67$0.49$3.18
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.49$0.44$0.51$0.59$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.15$0.52$0.51$0.59$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.14$0.60$0.60$0.67$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.14$0.67$0.67
2012Summary only. Only limited summary data is available for this year.$0.95$0.16$0.79$0.57$0.65$0.08
2011Summary only. Only limited summary data is available for this year.$1.04$0.22$0.83$0.53$0.69$0.16