Civic Intelligence

Two Blades Foundation

990 • Fiscal year 2017 • EIN 56-2455310

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 24, 2018

1630 Chicago Avenue Suite 1901Evanston, IL 60201

(847) 425-1277

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

1.36x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

72nd percentile

$255,272

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

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

Asset Growth

98th percentile

161%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

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

Assets

Up

$16,907,250

Up $10,417,344 (+161%) from 2016

Net Assets

Up

$4,708,133

Up $5,587,155 (+636%) from 2016

Liabilities

Up

$12,199,117

Up $4,830,189 (+66%) from 2016

Revenue

Up

$8,978,041

Up $2,036,756 (+29%) from 2016

Expenses

Down

$3,390,886

Down $7,261,920 (-68%) from 2016

Net Income

Up

$5,587,155

Up $9,298,676 (+251%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $1,099,772Liabilities 2010: $1,528,729Net Assets 2010: -$428,9572010Assets 2011: $940,600Liabilities 2011: $467,384Net Assets 2011: $473,2162011Assets 2012: $1,177,538Liabilities 2012: $2,007,241Net Assets 2012: -$829,7032012Assets 2013: $2,365,852Liabilities 2013: $3,105,552Net Assets 2013: -$739,7002013Assets 2014: $2,124,282Liabilities 2014: $2,295,448Net Assets 2014: -$171,1662014Assets 2015: $5,050,526Liabilities 2015: $2,218,027Net Assets 2015: $2,832,4992015Assets 2016: $6,489,906Liabilities 2016: $7,368,928Net Assets 2016: -$879,0222016Assets 2017: $16,907,250Liabilities 2017: $12,199,117Net Assets 2017: $4,708,1332017Assets 2018: $18,064,976Liabilities 2018: $10,973,229Net Assets 2018: $7,091,7472018Assets 2019: $16,255,813Liabilities 2019: $9,144,185Net Assets 2019: $7,111,6282019Assets 2020: $17,604,907Liabilities 2020: $8,585,058Net Assets 2020: $9,019,8492020Assets 2021: $11,973,096Liabilities 2021: $3,960,415Net Assets 2021: $8,012,6812021Assets 2022: $8,778,210Liabilities 2022: $162,565Net Assets 2022: $8,615,6452022Assets 2023: $10,631,316Liabilities 2023: $3,638,914Net Assets 2023: $6,992,4022023Assets 2024: $13,326,984Liabilities 2024: $2,140,530Net Assets 2024: $11,186,4542024

Highlighted filing

2017

Assets$16,907,250
Liabilities$12,199,117
Net Assets$4,708,133

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $2,428,246Expenses 2010: $1,771,788Net Income 2010: $656,4582010Revenue 2011: $2,544,336Expenses 2011: $1,642,163Net Income 2011: $902,1732011Revenue 2012: $3,944,442Expenses 2012: $5,247,361Net Income 2012: -$1,302,9192012Revenue 2013: $5,207,771Expenses 2013: $5,117,768Net Income 2013: $90,0032013Revenue 2014: $4,326,527Expenses 2014: $3,757,993Net Income 2014: $568,5342014Revenue 2015: $7,903,694Expenses 2015: $4,900,029Net Income 2015: $3,003,6652015Revenue 2016: $6,941,285Expenses 2016: $10,652,806Net Income 2016: -$3,711,5212016Revenue 2017: $8,978,041Expenses 2017: $3,390,886Net Income 2017: $5,587,1552017Revenue 2018: $7,434,942Expenses 2018: $5,051,328Net Income 2018: $2,383,6142018Revenue 2019: $5,874,276Expenses 2019: $5,799,172Net Income 2019: $75,1042019Revenue 2020: $8,538,030Expenses 2020: $6,629,809Net Income 2020: $1,908,2212020Revenue 2021: $5,910,316Expenses 2021: $6,917,484Net Income 2021: -$1,007,1682021Revenue 2022: $6,470,980Expenses 2022: $5,868,016Net Income 2022: $602,9642022Revenue 2023: $2,480,613Expenses 2023: $3,493,827Net Income 2023: -$1,013,2142023Revenue 2024: $9,981,596Expenses 2024: $5,934,568Net Income 2024: $4,047,0282024

Highlighted filing

2017

Revenue$8,978,041
Expenses$3,390,886
Net Income$5,587,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 24, 2018
Return Version
2017v2.3
Gross Receipts
$8,978,041
Mission and Program Overview

Mission

Scientific, research and education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,891,044$8,258,776▲ $4,367,732
Rtn Earn Endowment Incm Other Fnds$-879,022$4,708,133▲ $5,587,155
Accounts Receivable$2,598,862$161,198▼ $2,437,664
Total Assets$6,489,906$16,907,250▲ $10,417,344
Other Assets Total-$8,487,276-
Liabilities
Grants Payable$7,368,928$12,182,440▲ $4,813,512
Accounts Payable and Accrued Expenses-$16,677-
Total Liabilities$7,368,928$12,199,117▲ $4,830,189
Net Assets / Fund Balance
Total Net Assets Fund Balance$-879,022$4,708,133▲ $5,587,155
Total Liabilities and Net Assets / Fund Balance$6,489,906$16,907,250▲ $10,417,344

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,487,276--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diana M HorvathPresidentFT$244,060$11,212$255,272
Teresa Lynne ReuberOfficerFT$205,601$24,000$229,601

Board Members and Trustees

NameTitle
Roger FreedmanChairman
Susan NycumDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$8,976,959
Program Service Revenue
$0
Investment Income
$1,082
Other Revenue
$0
All Other Contributions
$8,976,959
Change in Net Assets
$5,587,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,978,041
Total Revenue per Audited Statements
$8,978,041
Total Revenue per Form 990
$8,978,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,272,896
Salaries, Compensation, and Employee Benefits$739,353
Total Fundraising Expense$563,829
Grants and Similar Amounts Paid$378,637
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,210$102,331$297,845$642,386
All Other Expenses$311,427$3,287$98,269$412,983
Grants to Domestic Orgs$251,621--$251,621
Other Expenses$150,471--$150,471
Travel$70,748-$70,748$141,496
Foreign Grants$127,016--$127,016
Pension Plan Contributions$22,520$9,498$27,716$59,734
Occupancy$18,460$7,548$19,461$45,469
Insurance$18,196$7,440$19,183$44,819
Advertising$33,549-$7,096$40,645
Payroll Taxes$14,037$5,920$17,276$37,233
Fees for Services Legal-$24,668-$24,668
Conferences and Meetings$13,315-$3,329$16,644
Fees for Services Accounting-$10,733-$10,733
Office Expenses$2,756$2,365$2,906$8,027
Fees for Services Other-$25-$25
Total Functional Expenses$2,653,242$173,815$563,829$3,390,886

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,390,886
Total Expenses per Audited Statements$3,390,886
Total Expenses per Form 990$3,390,886
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of CaliforniaBerkeley, CA-Research$187,500
University of North CarolinaChapel Hill, NC-Research$64,121

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
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
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 8B

Report of committee meeting are given at the board meetings.

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

50% of the board of directors sign the state return which has a copy of this 990 attached.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Two Blades Foundation
EIN
56-2455310
Phone
8474251277
Address
1630 CHICAGO AVENUE SUITE 1901, EVANSTON, IL 60201

Signing Officer

Name
Diana M Horvath
Title
President
Phone
8474251277
Signed
2018-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Diana M Horvath
Formed
2004
Legal Domicile
De
Voting Board Members
4
Independent Board Members
2
Employees
4

Preparer

Firm
Rozovics Group Llp
Address
1580 N NORTHWEST HWY STE 120, PARK RIDGE, IL 60068-1468
Preparer
Susan M Huizinga
Phone
8476997600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Realized loss foreign x 120,054 0 0 patent maintenance 118,373 0 0 outside services 2,666 0 95,105 research-consulting 58,939 0 0 website 6,235 0 0 telephone 1,905 779 2,008 dues and subscriptions 1,580 1,580 0 payroll service 940 396 1,156 bank charges 735 532 0 total 311,427 3,287 98,269

Raw XML AppendixShowing 400 of 416 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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04325965
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05206880
IRS990ScheduleA/Total509Grp/TotalAmt033353293
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt192508
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0UNITED KINGDOM
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 2
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0187500
IRS990ScheduleI/RecipientTable/CashGrantAmt164121
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF CALIFORNIA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF NORTH CAROLINA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0241A KOSHLAND
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14260 GENOME SCIENCES BUILDING
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BERKELEY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1CHAPEL HILL
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TERESA LYNNE REUBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0255272
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1229601
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REPORT OF COMMITTEE MEETING ARE GIVEN AT THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt150% OF THE BOARD OF DIRECTORS SIGN THE STATE RETURN WHICH HAS A COPY OF THIS 990 ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REALIZED LOSS FOREIGN X 120,054 0 0 PATENT MAINTENANCE 118,373 0 0 OUTSIDE SERVICES 2,666 0 95,105 RESEARCH-CONSULTING 58,939 0 0 WEBSITE 6,235 0 0 TELEPHONE 1,905 779 2,008 DUES AND SUBSCRIPTIONS 1,580 1,580 0 PAYROLL SERVICE 940 396 1,156 BANK CHARGES 735 532 0 TOTAL 311,427 3,287 98,269
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt08976959
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0563829
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0173815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02653242
IRS990/TotalFunctionalExpensesGrp/TotalAmt03390886
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt035212
IRS990/TotalProgramServiceExpensesAmt02653242
IRS990/TotalReportableCompFromOrgAmt0449661
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08978041
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06489906
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016907250
IRS990/TravelGrp/FundraisingAmt070748
IRS990/TravelGrp/ProgramServicesAmt070748
IRS990/TravelGrp/TotalAmt0141496
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0EVANSTON
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IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DIANA M HORVATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08474251277
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TWO BLADES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TWOB
ReturnHeader/Filer/EIN0562455310
ReturnHeader/Filer/PhoneNum08474251277
ReturnHeader/Filer/USAddress/AddressLine1Txt01630 CHICAGO AVENUE SUITE 1901
ReturnHeader/Filer/USAddress/CityNm0EVANSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02591F732889FEC849F78FE28F7D6B6E92F60A3B7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02BFC7BF703CBCEAA7B784AA423F60692FCE2913A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.70.63.169
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.3$2.14$11.2$9.98$5.93$4.05
2023Detailed filing. Detailed filing data is available for this year.$10.6$3.64$6.99$2.48$3.49$1.01
2022Detailed filing. Detailed filing data is available for this year.$8.78$0.16$8.62$6.47$5.87$0.60
2021Detailed filing. Detailed filing data is available for this year.$12.0$3.96$8.01$5.91$6.92$1.01
2020Detailed filing. Detailed filing data is available for this year.$17.6$8.59$9.02$8.54$6.63$1.91
2019Detailed filing. Detailed filing data is available for this year.$16.3$9.14$7.11$5.87$5.80$0.08
2018Detailed filing. Detailed filing data is available for this year.$18.1$11.0$7.09$7.43$5.05$2.38
2017Detailed filing. Detailed filing data is available for this year.$16.9$12.2$4.71$8.98$3.39$5.59
2016Summary only. Only limited summary data is available for this year.$6.49$7.37$0.88$6.94$10.7$3.71
2015Summary only. Only limited summary data is available for this year.$5.05$2.22$2.83$7.90$4.90$3.00
2014Summary only. Only limited summary data is available for this year.$2.12$2.30$0.17$4.33$3.76$0.57
2013Summary only. Only limited summary data is available for this year.$2.37$3.11$0.74$5.21$5.12$0.09
2012Summary only. Only limited summary data is available for this year.$1.18$2.01$0.83$3.94$5.25$1.30
2011Summary only. Only limited summary data is available for this year.$0.94$0.47$0.47$2.54$1.64$0.90
2010Summary only. Only limited summary data is available for this year.$1.10$1.53$0.43$2.43$1.77$0.66