Civic Intelligence

Friends Foundation for Mems Inc.

990EZ • Fiscal year 2015 • EIN 54-2067718

Jul 01, 2014 to Jun 30, 2015 • Filed on Dec 27, 2015

Organization ProfileN/A
PO Box 390Manchester Center, VT 05255

(802) 362-1597

Siviq Scores

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

Liabilities / Assets

90th percentile

0.55x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

9.47x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

1st percentile

-924%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

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

Asset Growth

7th percentile

-55%

Faster asset growth than 7% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-79%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$77,869

Down $97,077 (-55%) from 2014

Net Assets

Down

$35,022

Down $41,844 (-54%) from 2014

Liabilities

Down

$42,847

Down $55,233 (-56%) from 2014

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$4,525

Down $17,270 (-79%) from 2014

Expenses

Down

$46,358

Down $61,571 (-57%) from 2014

Net Income

Up

-$41,833

Up $44,301 (+51%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$300K$200K$100K$0Assets 2011: $263,455Liabilities 2011: $78,075Net Assets 2011: $185,3802011Assets 2012: $241,053Liabilities 2012: $45,678Net Assets 2012: $195,3752012Assets 2013: $225,717Liabilities 2013: $62,743Net Assets 2013: $162,9742013Assets 2014: $174,946Liabilities 2014: $98,080Net Assets 2014: $76,8662014Assets 2015: $77,869Liabilities 2015: $42,847Net Assets 2015: $35,0222015

Highlighted filing

2015

Assets$77,869
Liabilities$42,847
Net Assets$35,022
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2011: $93,003Expenses 2011: $91,246Net Income 2011: $1,7572011Revenue 2012: $59,545Expenses 2012: $49,550Net Income 2012: $9,9952012Revenue 2013: $36,058Expenses 2013: $68,459Net Income 2013: -$32,4012013Revenue 2014: $21,795Expenses 2014: $107,929Net Income 2014: -$86,1342014Revenue 2015: $4,525Expenses 2015: $46,358Net Income 2015: -$41,8332015

Highlighted filing

2015

Revenue$4,525
Expenses$46,358
Net Income-$41,833
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Dec 27, 2015
Return Version
2014v6.0
Gross Receipts
$4,525
Mission and Program Overview

Mission

To expand educational opportunities for young people at manchester elementary middle school through private philanthropy.

Program Services

DescriptionGrantsExpenses
THE FRIENDS FOUNDATION FOR MEMS IS A NONPROFIT ORGANIZATION DEDICATED TO EXPANDING OPPORTUNITIES FOR YOUNG PEOPLE AT MANCHESTER ELEMENTARY MIDDLE SCHOOL THROUGH PRIVATE PHILANTHROPY.$44,022$44,022
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MATT LANGANDirector-$0--
BILLY BROWNLEEDirector-$0--
ANDY REEDDirector-$0--
ANDREA KAPLANSecretary-$0--
KIMBERLY TENNERDirector-$0--
TOM QUINNDirector-$0--
BILL DRUNSICPresident/Treas-$0--
Filing and Contact Details

Filer

Filer Name
Friends Foundation for Mems Inc
EIN
54-2067718
Phone
8023621597
Address
PO BOX 390, MANCHESTER CENTER, VT 05255

Signing Officer

Name
Bill Drunsic
Title
Treasurer
Signed
2015-12-27
Discuss with paid preparer
Yes

Preparer

Firm
Spivey Lemonik Swenor Pc
Address
PO BOX 1349, MANCHESTER CENTER, VT 05255-1349
Preparer
Jennifer a Swenor
Phone
8023621946
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: GENERAL GRANT | Donee's Name: MANCHESTER SCHOOL DISTRICT | Donee's Address: P.O. BOX 1586 MANCHESTER CENTER, VT 05255 | Relationship of Donee: NONE | Cash Amount Given: $44022”

Other Expenses.1012

“Insurance $750”

Other Expenses.1

“Charge card expenses $330”

Other Expenses.2

“BANK CHARGES $135”

Other Assets.1006

“Pledges and Grants Receivable - Beginning $1620 Pledges and Grants Receivable - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $98080 Accounts Payable and Accrued Expenses - Ending $42847”

Raw XML Appendix170 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6President/Treas
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0-11
IRS990EZ/OtherExpensesTotalAmt01215
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0181
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt044022
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04281
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt014078
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: GENERAL GRANT | Donee's Name: MANCHESTER SCHOOL DISTRICT | Donee's Address: P.O. BOX 1586 MANCHESTER CENTER, VT 05255 | Relationship of Donee: NONE | Cash Amount Given: $44022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $750
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CHARGE CARD EXPENSES $330
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK CHARGES $135
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ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BILL DRUNSIC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS FOUNDATION FOR MEMS INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0542067718
ReturnHeader/Filer/PhoneNum08023621597
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 390
ReturnHeader/Filer/USAddress/CityNm0MANCHESTER CENTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VT
ReturnHeader/Filer/USAddress/ZIPCd005255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPIVEY LEMONIK SWENOR PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1349
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MANCHESTER CENTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0052551349
ReturnHeader/PreparerPersonGrp/PhoneNum08023621946
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER A SWENOR
ReturnHeader/ReturnTs02016-01-12T07:58:15-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$77,869
Liabilities
$42,847
Net assets
$35,022
Revenue
$4,525
Expenses
$46,358
Net income
-$41,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.43$0.35$0.05$0.46$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.98$0.77$0.22$1.08$0.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.63$1.63$0.36$0.68$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.46$1.95$0.60$0.50$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.78$1.85$0.93$0.91$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • <$500k nonprofits