Civic Intelligence

Glow Foundation

990 • Fiscal year 2014 • EIN 56-2590044

Jul 01, 2013 to Jun 30, 2014 • Filed on May 08, 2015

275 5th StreetSan Francisco, CA 94110

(415) 348-6310

Siviq Scores

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

Liabilities / Assets

85th percentile

0.30x

Higher debt load relative to assets than 85% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

76th percentile

0.06x

Higher debt load relative to revenue than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

32nd percentile

-3.8%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$90,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

23rd percentile

-16%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$77,100

Down $14,379 (-16%) from 2013

Net Assets

Down

$53,928

Down $18,497 (-26%) from 2013

Liabilities

Up

$23,172

Up $4,118 (+22%) from 2013

Revenue

Up

$417,064

Up $40,765 (+11%) from 2013

Expenses

Up

$433,105

Up $19,544 (+4.7%) from 2013

Net Income

Up

-$16,041

Up $21,221 (+57%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $255,542Liabilities 2010: $187,771Net Assets 2010: $67,7712010Assets 2011: $304,229Liabilities 2011: $115,800Net Assets 2011: $188,4292011Assets 2012: $161,622Liabilities 2012: $51,935Net Assets 2012: $109,6872012Assets 2013: $91,479Liabilities 2013: $19,054Net Assets 2013: $72,4252013Assets 2014: $77,100Liabilities 2014: $23,172Net Assets 2014: $53,9282014Assets 2015: $104,811Liabilities 2015: $2,288Net Assets 2015: $102,5232015

Highlighted filing

2014

Assets$77,100
Liabilities$23,172
Net Assets$53,928

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $251,1122010Revenue 2011: $371,749Expenses 2011: $251,091Net Income 2011: $120,6582011Expenses 2012: $340,4892012Revenue 2013: $376,299Expenses 2013: $413,561Net Income 2013: -$37,2622013Revenue 2014: $417,064Expenses 2014: $433,105Net Income 2014: -$16,0412014Revenue 2015: $325,515Expenses 2015: $276,920Net Income 2015: $48,5952015

Highlighted filing

2014

Revenue$417,064
Expenses$433,105
Net Income-$16,041
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 8, 2015
Return Version
2013v4.0
Gross Receipts
$429,622
Mission and Program Overview

Mission

To provide financial education, mentoring and unmet need acholarships to high potencial, college-ready students from under-resourcesd communities who are at risk of not attending college due to financial barries. Our vision is that all qualified, highly motivated students, regardless of their income level, should be able to afford and graduate from college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,487$53,690▼ $8,797
Land, Buildings, and Equipment, Net$16,982$11,939▼ $5,043
Savings and Temporary Cash Investments$10,002$10,014▲ $12
Pledges and Grants Receivable$550--
Total Assets$91,478$77,100▼ $14,378
Other Assets Total$1,457$1,457→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,053$23,172▲ $17,119
Other Liabilities$13,000--
Total Liabilities$19,053$23,172▲ $4,119
Net Assets / Fund Balance
Unrestricted Net Assets$72,425$53,928▼ $18,497
Total Net Assets Fund Balance$72,425$53,928▼ $18,497
Total Liabilities and Net Assets / Fund Balance$91,478$77,100▼ $14,378

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,939$27,091$39,030
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter KimExecutive DiFT$85,000$5,000$90,000

Board Members and Trustees

NameTitle
Robert ShoffnerBoard Chair
Brandon VongsawadDirector
Peter SuberlarkDirector
Gabriel SchnitzlerSecretary
Terence KimTreasurer
Min ParkVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$305,614
Program Service Revenue
$111,437
Investment Income
$13
Other Revenue
$0
All Other Contributions
$210,308
Change in Net Assets
$-16,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$300,589
Other Expenses$106,341
Total Fundraising Expense$46,655
Grants and Similar Amounts Paid$26,175
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$119,342$56,366$4,040$179,748
Current Officers, Directors, Trustees, and Key Employees$35,999$27,001$27,001$90,001
Occupancy-$26,692-$26,692
Grants to Domestic Orgs$26,175--$26,175
Conferences and Meetings$9,120$3,846$12,927$25,893
Fees for Services Other$22,200$11-$22,211
Payroll Taxes$13,594$2,906$2,551$19,051
Office Expenses$1,216$11,628-$12,844
Other Employee Benefits-$11,789-$11,789
Insurance-$5,465-$5,465
Depreciation Depletion-$5,043-$5,043
Fees for Services Accounting-$4,175-$4,175
Information Technology-$2,770$20$2,790
Travel$309$689$116$1,114
Other Expenses-$114-$114
Total Functional Expenses$227,955$158,495$46,655$433,105
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
94-6000417-GovScholarship$26,175
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,558
Fundraising Gross Income$12,558
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$107,864$12,558$5,171$7,387
Total Events$107,864$12,558$12,558-
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
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

From 990 is reviewed by board members perior to filing.

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

Reviewed annually at a board of directors meeting.

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

Review of compensation conducted by board governance committee which consists of members of the board of directors.

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

Review of compensation conducted by board governance committee which consists of members of the board of directors.

Form 990, Page 6, Part VI, Line 19

Glow foundation makes documents available upon request.

Filing and Contact Details

Filer

EIN
56-2590044
Phone
4153486310

Signing Officer

Name
Robert Shoffner
Title
President
Phone
4153486310
Signed
2015-05-08

Organization Details

Principal Officer
Robert Shoffner
Formed
2006
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
4

Preparer

Preparer
Rubian Moss
Phone
9254822626
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide financial education, mentoring and unmet need acholarships to high potencial, college-ready students from under-resourcesd communities who are at risk of not attending college due to financial barries. Our vision is that all qualified, highly motivated students, regardless of their income level, should be able to afford and graduate from college.

Form 990, Page 2, Part III, Line 4A

A four-year college institution. Target population: glow partners with college access and success focused schools and nonprofits (collectively referred to as "affiliates") that work with middle school and high school students from under-resourced communities in california. Affiliate partners primarily serve students that qualify for free or subsidized lunch at schools (85%), are first generation college students (80%), and are from ethnic/racial backgrounds historically under- represented in college (nearly 100%). Student demographics are as follows: latino/a (66%); african-american (12%); asian (9%); pacific islander (2%); multi-ethnic (5%); white/caucasian (3%); and other (3%). Affiliate partners: - aace talent search (trio) - bay area leadership foundation - breakthrough silicon valley - city arts & technology high school - california student opportunity and access programs (cal-soap) - college track - east bay college fund - east palo alto phoenix academy - a foundation for college education - first graduate - green dot public schools - kipp, san jose - lighthouse charter community school - leadership public school - san jose - mission graduates - san leandro high school - santa clara county office of education - university of california office of the president's early academic outreach programs (eaop) - csu fullerton upward bound ets - peninsula college fund - united sikhs

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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0REDUCTION OF SCHOLARSHIP LIABILITY 64,039
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0240064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0273466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0321554
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0300
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt027091
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039030
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012558
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0SCHOLAR DINNER
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05171
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10MAYOR'S SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine20CITY OF SAN FRANCISCO
IRS990ScheduleI/RecipientTable/RecipientEIN0946000417
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10CITY HALL ROOM 200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine201 DR CARLTON B GOODLETT PLACE
IRS990ScheduleI/RecipientTable/USAddress/City0SAN FRANCISCO
IRS990ScheduleI/RecipientTable/USAddress/State0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode094102
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE FINANCIAL EDUCATION, MENTORING AND UNMET NEED ACHOLARSHIPS TO HIGH POTENCIAL, COLLEGE-READY STUDENTS FROM UNDER-RESOURCESD COMMUNITIES WHO ARE AT RISK OF NOT ATTENDING COLLEGE DUE TO FINANCIAL BARRIES. OUR VISION IS THAT ALL QUALIFIED, HIGHLY MOTIVATED STUDENTS, REGARDLESS OF THEIR INCOME LEVEL, SHOULD BE ABLE TO AFFORD AND GRADUATE FROM COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A FOUR-YEAR COLLEGE INSTITUTION. TARGET POPULATION: GLOW PARTNERS WITH COLLEGE ACCESS AND SUCCESS FOCUSED SCHOOLS AND NONPROFITS (COLLECTIVELY REFERRED TO AS "AFFILIATES") THAT WORK WITH MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS FROM UNDER-RESOURCED COMMUNITIES IN CALIFORNIA. AFFILIATE PARTNERS PRIMARILY SERVE STUDENTS THAT QUALIFY FOR FREE OR SUBSIDIZED LUNCH AT SCHOOLS (85%), ARE FIRST GENERATION COLLEGE STUDENTS (80%), AND ARE FROM ETHNIC/RACIAL BACKGROUNDS HISTORICALLY UNDER- REPRESENTED IN COLLEGE (NEARLY 100%). STUDENT DEMOGRAPHICS ARE AS FOLLOWS: LATINO/A (66%); AFRICAN-AMERICAN (12%); ASIAN (9%); PACIFIC ISLANDER (2%); MULTI-ETHNIC (5%); WHITE/CAUCASIAN (3%); AND OTHER (3%). AFFILIATE PARTNERS: - AACE TALENT SEARCH (TRIO) - BAY AREA LEADERSHIP FOUNDATION - BREAKTHROUGH SILICON VALLEY - CITY ARTS & TECHNOLOGY HIGH SCHOOL - CALIFORNIA STUDENT OPPORTUNITY AND ACCESS PROGRAMS (CAL-SOAP) - COLLEGE TRACK - EAST BAY COLLEGE FUND - EAST PALO ALTO PHOENIX ACADEMY - A FOUNDATION FOR COLLEGE EDUCATION - FIRST GRADUATE - GREEN DOT PUBLIC SCHOOLS - KIPP, SAN JOSE - LIGHTHOUSE CHARTER COMMUNITY SCHOOL - LEADERSHIP PUBLIC SCHOOL - SAN JOSE - MISSION GRADUATES - SAN LEANDRO HIGH SCHOOL - SANTA CLARA COUNTY OFFICE OF EDUCATION - UNIVERSITY OF CALIFORNIA OFFICE OF THE PRESIDENT'S EARLY ACADEMIC OUTREACH PROGRAMS (EAOP) - CSU FULLERTON UPWARD BOUND ETS - PENINSULA COLLEGE FUND - UNITED SIKHS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FROM 990 IS REVIEWED BY BOARD MEMBERS PERIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED ANNUALLY AT A BOARD OF DIRECTORS MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW OF COMPENSATION CONDUCTED BY BOARD GOVERNANCE COMMITTEE WHICH CONSISTS OF MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REVIEW OF COMPENSATION CONDUCTED BY BOARD GOVERNANCE COMMITTEE WHICH CONSISTS OF MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GLOW FOUNDATION MAKES DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0433105
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IRS990/USAddress/AddressLine10275 5TH STREET
IRS990/USAddress/City0SAN FRANCISCO
IRS990/USAddress/State0CA
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IRS990/WebsiteAddressTxt0WWW.GLOWFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT SHOFFNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04153486310
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine10GLOW FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GLOW
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ReturnHeader/Filer/PhoneNum04153486310
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ReturnHeader/Filer/USAddress/State0CA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943359608
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10RUBIAN MOSS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101901 OLYMPIC BOULEVARD SUITE 200

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