Civic Intelligence

Bernardine Franciscan Sisters Foundation Inc

990 • Fiscal year 2017 • EIN 54-1822675

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 01, 2017

2 Bernardine DriveNewport News, VA 23602

(757) 886-6025

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

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

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

Asset Growth

67th percentile

9.6%

Faster asset growth than 67% of similar nonprofits.

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

Revenue Growth

99th percentile

1637%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$18,563,862

Up $1,625,772 (+9.6%) from 2016

Net Assets

Up

$18,563,862

Up $1,625,772 (+9.6%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$1,037,282

Up $977,557 (+1637%) from 2016

Expenses

Down

$706,529

Down $135,950 (-16%) from 2016

Net Income

Up

$330,753

Up $1,113,507 (+142%) 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 2011: $15,442,390Liabilities 2011: $0Net Assets 2011: $15,442,3902011Assets 2012: $14,616,225Liabilities 2012: $0Net Assets 2012: $14,616,2252012Assets 2013: $15,925,680Liabilities 2013: $0Net Assets 2013: $15,925,6802013Assets 2014: $17,912,717Liabilities 2014: $0Net Assets 2014: $17,912,7172014Assets 2015: $17,819,229Liabilities 2015: $0Net Assets 2015: $17,819,2292015Assets 2016: $16,938,090Liabilities 2016: $0Net Assets 2016: $16,938,0902016Assets 2017: $18,563,862Liabilities 2017: $0Net Assets 2017: $18,563,8622017Assets 2018: $19,170,879Liabilities 2018: $0Net Assets 2018: $19,170,8792018Assets 2019: $19,335,897Liabilities 2019: $0Net Assets 2019: $19,335,8972019Assets 2020: $19,467,136Liabilities 2020: $0Net Assets 2020: $19,467,1362020Assets 2021: $23,586,187Liabilities 2021: $0Net Assets 2021: $23,586,1872021Assets 2022: $19,749,069Liabilities 2022: $0Net Assets 2022: $19,749,0692022Assets 2023: $21,088,820Liabilities 2023: $0Net Assets 2023: $21,088,8202023Assets 2024: $22,944,612Liabilities 2024: $0Net Assets 2024: $22,944,6122024Assets 2025: $24,306,894Liabilities 2025: $0Net Assets 2025: $24,306,8942025

Highlighted filing

2017

Assets$18,563,862
Liabilities$0
Net Assets$18,563,862

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,291,250Expenses 2011: $580,148Net Income 2011: $711,1022011Expenses 2012: $519,5232012Expenses 2013: $389,5432013Revenue 2014: $1,302,483Expenses 2014: $616,714Net Income 2014: $685,7692014Revenue 2015: $2,182,247Expenses 2015: $598,498Net Income 2015: $1,583,7492015Revenue 2016: $59,725Expenses 2016: $842,479Net Income 2016: -$782,7542016Revenue 2017: $1,037,282Expenses 2017: $706,529Net Income 2017: $330,7532017Revenue 2018: $1,304,606Expenses 2018: $944,317Net Income 2018: $360,2892018Revenue 2019: $1,277,212Expenses 2019: $710,727Net Income 2019: $566,4852019Revenue 2020: $920,899Expenses 2020: $1,051,067Net Income 2020: -$130,1682020Revenue 2021: $1,526,719Expenses 2021: $853,432Net Income 2021: $673,2872021Revenue 2022: $772,875Expenses 2022: $1,064,961Net Income 2022: -$292,0862022Revenue 2023: $499,162Expenses 2023: $1,161,504Net Income 2023: -$662,3422023Revenue 2024: $1,005,292Expenses 2024: $1,078,597Net Income 2024: -$73,3052024Revenue 2025: $1,908,784Expenses 2025: $1,230,038Net Income 2025: $678,7462025

Highlighted filing

2017

Revenue$1,037,282
Expenses$706,529
Net Income$330,753
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,116,459
Mission and Program Overview

Mission

To promote and support health, care and charitable works of the bernardine sisters of the third order of st. Francis by financially supporting and promoting their charitable endeavors as well as works related to the healthcare, education and human service needs of the virginia peninsula.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,693,028$18,092,916▲ $1,399,888
Cap Stk Tr Prin Current Funds$15,540,701$15,540,701→ $0
Rtn Earn Endowment Incm Other Fnds$1,397,389$3,023,161▲ $1,625,772
Savings and Temporary Cash Investments$30,527$172,251▲ $141,724
Other Notes and Loans Receivable, Net$167,286$157,431▼ $9,855
Cash and Non-Interest-Bearing Accounts$25,124$123,811▲ $98,687
Land, Buildings, and Equipment, Net$22,125$17,453▼ $4,672
Total Assets$16,938,090$18,563,862▲ $1,625,772
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,938,090$18,563,862▲ $1,625,772
Total Liabilities and Net Assets / Fund Balance$16,938,090$18,563,862▲ $1,625,772

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,453$1,587$19,040
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,037,282
Other Revenue
$0
Change in Net Assets
$330,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,037,282
Revenue Not Reported on Form 990
$1,230,419
Total Revenue per Audited Statements
$2,267,701
Total Revenue per Form 990
$1,037,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$594,790
Other Expenses$95,085
Salaries, Compensation, and Employee Benefits$16,654
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$594,790--$594,790
Fees for Service Investment Mgmnt Fees-$82,224-$82,224
Other Salaries and Wages-$16,654-$16,654
Fees for Services Accounting-$4,430-$4,430
Office Expenses-$2,636-$2,636
Depreciation Depletion-$1,587-$1,587
Insurance-$1,439-$1,439
Fees for Services Other-$845-$845
Conferences and Meetings-$776-$776
Other Expenses-$67-$67
Occupancy-$1-$1
Total Functional Expenses$594,790$111,739$0$706,529

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$706,529
Expenses per Audited Statements$624,305
Total Expenses per Audited Statements$624,305
Expenses Not Reported on Financial Statements$82,224
Other Expense Adjustments$82,224
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bernardine Sister of the ThirdReading, PA501c3See Stmt 1 in Sec Iv$252,948
Center for Child and Family ServiceHampton, VA501c3See Stmt 6 in Sec Iv$100,000
Access VirginiaNewport News, VA501c3See Stmt 7 in Sec Iv$26,000
Community Brain Injury ServicesRichmond, VA501c3See Stmt 4 in Sec Iv$25,660
Access PartnershipNorfolk, VA501c3See Stmt 8 in Sec Iv$25,000
Commonwealth Catholic CharitiesRichmond, VA501c3See Stmt 11 Sec Iv$25,000
Laurel ShelterGloucester, VA501c3See Stmt 10 Sec Iv$25,000
Peninsula Agency on AgingNewport News, VA501c3See Stmt 5 in Sec Iv$25,000
Peninsula Ctr-independent LivingHampton, VA-See Stmt 12 Sec Iv$25,000
Mary Immaculate HospitalNewport News, VA501c3See Stmt 2 in Sec Iv$24,000
Menchville HouseNewport News, VA501c3See Stmt 3 in Sec Iv$17,160
Network PeninsulaToano, VA501c3See Stmt 9 in Sec Iv$10,000
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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 6

The members of the foundation are the general minister and the members of the general council of the bernardine sisters of the third order of st. Francis. However, all such members are ex-officio members.

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

The form 990 is presented and reviewed with the board by the cpa firm that prepares the return. The form 990 is then reviewed by the treasurer of the foundation prior to filing the return.

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

The foundation's conflict of interest policy is reviewed annually and members of the board of directors are responsible for enforcement of this policy.

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

The compensation of the foundation's executive director is determined annually by the board of directors after due consideration and discussion and after comparing to compensation levels of similar organizations both locally and nationally. However, since the executive director is a member of the bernardine sisters of the third order of st. Francis, her compensation is contributed to her order.

Form 990, Page 6, Part VI, Line 19

They are not public, but available upon request.

Filing and Contact Details

Filer

Filer Name
Bernardine Franciscan Sisters
EIN
54-1822675
Phone
7578866025
Address
2 BERNARDINE DRIVE, NEWPORT NEWS, VA 23602

Signing Officer

Name
Sister David Ann Niski
Title
Executive Director
Phone
7578866025
Signed
2017-11-01

Organization Details

Principal Officer
Sister David Ann Niski
Formed
1996
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Malvin Riggins & Company Pc
Address
725 CITY CENTER BLVD SUITE 200, NEWPORT NEWS, VA 23606
Preparer
Joyce Riggins Schaffer CPA
Phone
7578819600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote and support health, care and charitable works of the bernardine sisters of the third order of st. Francis by financially supporting and promoting their charitable endeavors as well as works related to the healthcare, education and human service needs of the virginia peninsula.

Form 990, Part XI, Line 9

Less - investment manager's fee -82,224 investment manager's fee 82,224

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Less - investment manager's fee -82,224

Schedule D, Page 4, Part XII, Line 4B

Investment manager's fee 82,224

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3COMMUNITY BRAIN INJURY SERVICES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4PENINSULA AGENCY ON AGING
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6ACCESS VIRGINIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7ACCESS PARTNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8NETWORK PENINSULA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9LAUREL SHELTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10COMMONWEALTH CATHOLIC CHARITIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11PENINSULA CTR-INDEPENDENT LIVING
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt1THE DENBIGH HOUSE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4NEWPORT NEWS
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IRS990ScheduleI/RecipientTable/USAddress/CityNm7NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/CityNm8TOANO
IRS990ScheduleI/RecipientTable/USAddress/CityNm9GLOUCESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm10RICHMOND

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$0.00$24.3$1.91$1.23$0.68
2024Detailed filing. Detailed filing data is available for this year.$22.9$0.00$22.9$1.01$1.08$0.07
2023Detailed filing. Detailed filing data is available for this year.$21.1$0.00$21.1$0.50$1.16$0.66
2022Detailed filing. Detailed filing data is available for this year.$19.7$0.00$19.7$0.77$1.06$0.29
2021Detailed filing. Detailed filing data is available for this year.$23.6$0.00$23.6$1.53$0.85$0.67
2020Detailed filing. Detailed filing data is available for this year.$19.5$0.00$19.5$0.92$1.05$0.13
2019Detailed filing. Detailed filing data is available for this year.$19.3$0.00$19.3$1.28$0.71$0.57
2018Detailed filing. Detailed filing data is available for this year.$19.2$0.00$19.2$1.30$0.94$0.36
2017Detailed filing. Detailed filing data is available for this year.$18.6$0.00$18.6$1.04$0.71$0.33
2016Detailed filing. Detailed filing data is available for this year.$16.9$0.00$16.9$0.06$0.84$0.78
2015Detailed filing. Detailed filing data is available for this year.$17.8$0.00$17.8$2.18$0.60$1.58
2014Detailed filing. Detailed filing data is available for this year.$17.9$0.00$17.9$1.30$0.62$0.69
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.00$15.9$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$0.00$14.6$0.52
2011Summary only. Only limited summary data is available for this year.$15.4$0.00$15.4$1.29$0.58$0.71