Civic Intelligence

Sheriar Foundation

990 • Fiscal year 2018 • EIN 57-0915828

Jan 01, 2018 to Dec 31, 2018 • Filed on May 06, 2019

603 Briarwood DriveMyrtle Beach, SC 29572

(843) 272-1339

Siviq Scores

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

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.63x

Higher debt load relative to revenue than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$44,988

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,026,794

Up $307,128 (+43%) from 2017

Net Assets

Up

$762,194

Up $50,256 (+7.1%) from 2017

Liabilities

Up

$264,600

Up $256,872 (+3324%) from 2017

Revenue

Up

$417,461

Up $119,455 (+40%) from 2017

Expenses

Up

$367,205

Up $43,013 (+13%) from 2017

Net Income

Up

$50,256

Up $76,442 (+292%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $818,370Liabilities 2011: $2,923Net Assets 2011: $815,4472011Assets 2012: $793,503Liabilities 2012: $3,828Net Assets 2012: $789,6752012Assets 2013: $742,784Liabilities 2013: $4,754Net Assets 2013: $738,0302013Assets 2014: $808,529Liabilities 2014: $5,934Net Assets 2014: $802,5952014Assets 2015: $793,593Liabilities 2015: $6,575Net Assets 2015: $787,0182015Assets 2016: $744,372Liabilities 2016: $6,248Net Assets 2016: $738,1242016Assets 2017: $719,666Liabilities 2017: $7,728Net Assets 2017: $711,9382017Assets 2018: $1,026,794Liabilities 2018: $264,600Net Assets 2018: $762,1942018Assets 2019: $980,673Liabilities 2019: $259,282Net Assets 2019: $721,3912019Assets 2020: $1,068,766Liabilities 2020: $240,739Net Assets 2020: $828,0272020Assets 2021: $1,099,265Liabilities 2021: $216,378Net Assets 2021: $882,8872021Assets 2022: $1,255,583Liabilities 2022: $196,753Net Assets 2022: $1,058,8302022Assets 2023: $1,380,323Liabilities 2023: $173,770Net Assets 2023: $1,206,5532023Assets 2024: $1,349,105Liabilities 2024: $152,100Net Assets 2024: $1,197,0052024

Highlighted filing

2018

Assets$1,026,794
Liabilities$264,600
Net Assets$762,194

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $182,708Expenses 2011: $213,128Net Income 2011: -$30,4202011Revenue 2012: $292,760Expenses 2012: $318,532Net Income 2012: -$25,7722012Revenue 2013: $216,220Expenses 2013: $267,865Net Income 2013: -$51,6452013Revenue 2014: $321,035Expenses 2014: $256,470Net Income 2014: $64,5652014Revenue 2015: $274,947Expenses 2015: $290,524Net Income 2015: -$15,5772015Revenue 2016: $229,513Expenses 2016: $278,407Net Income 2016: -$48,8942016Revenue 2017: $298,006Expenses 2017: $324,192Net Income 2017: -$26,1862017Revenue 2018: $417,461Expenses 2018: $367,205Net Income 2018: $50,2562018Revenue 2019: $375,730Expenses 2019: $416,533Net Income 2019: -$40,8032019Revenue 2020: $462,571Expenses 2020: $355,935Net Income 2020: $106,6362020Revenue 2021: $376,043Expenses 2021: $321,183Net Income 2021: $54,8602021Revenue 2022: $459,958Expenses 2022: $284,015Net Income 2022: $175,9432022Revenue 2023: $613,367Expenses 2023: $465,644Net Income 2023: $147,7232023Revenue 2024: $306,727Expenses 2024: $316,275Net Income 2024: -$9,5482024

Highlighted filing

2018

Revenue$417,461
Expenses$367,205
Net Income$50,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 6, 2019
Return Version
2018v3.1
Gross Receipts
$417,461
Mission and Program Overview

Mission

To broaden awareness and deepen the appreciation of the spiritual values exemplified in the life and writings of meher baba.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$711,938$762,194▲ $50,256
Land, Buildings, and Equipment, Net$30,109$515,993▲ $485,884
Cash and Non-Interest-Bearing Accounts$491,759$331,351▼ $160,408
Inventories for Sale or Use$197,494$178,113▼ $19,381
Total Assets$719,666$1,026,794▲ $307,128
Other Assets Total$304$1,337▲ $1,033
Liabilities
Other Liabilities$7,728$264,600▲ $256,872
Total Liabilities$7,728$264,600▲ $256,872
Net Assets / Fund Balance
Total Net Assets Fund Balance$711,938$762,194▲ $50,256
Total Liabilities and Net Assets / Fund Balance$719,666$1,026,794▲ $307,128

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$389,284$4,629$393,913
Land$98,478-$98,478
Equipment$494$46,690$47,184
Leasehold Improvements$26,555$8,338$34,893
Other Land Buildings$1,182$15,338$16,520
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura SmithDirectorFT$44,988$44,988
Sheila KrynskiChairmanFT$22,067$22,067

Board Members and Trustees

NameTitle
Ann EdelmanDirector
Anna Lena Philips BellDirector
Buz ConnorDirector
Christopher WilsonDirector
Erica HodgenDirector
Irene HoltDirector
Jenny WrobelDirector
Naozer DadachanjiDirector
Pat SumnerDirector
Robert GanzSecretary
Andrew LesnikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,816
Program Service Revenue
$0
Investment Income
$2,442
Other Revenue
$170,203
All Other Contributions
$216,850
Change in Net Assets
$50,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,198
Salaries, Compensation, and Employee Benefits$110,007
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$101,767-$101,767
All Other Expenses$61,493--$61,493
Other Expenses$19,815--$19,815
Insurance-$11,264-$11,264
Depreciation Depletion$8,260$218-$8,478
Payroll Taxes-$7,785-$7,785
Interest-$4,219-$4,219
Fees for Services Accounting-$2,827-$2,827
Other Employee Benefits-$455-$455
Total Functional Expenses$238,670$128,535$0$367,205
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgage - Building$249,722
Payroll Withholdings$13,110
Sales Tax Payable$1,221
Gift Certificates$300
Deposits Collected$247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Sheriar Foundation
EIN
57-0915828
Phone
8432721339
Address
603 BRIARWOOD DRIVE, MYRTLE BEACH, SC 29572

Signing Officer

Name
Andrew Lesnik
Title
Treasurer
Phone
8434498881
Signed
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Lesnik
Formed
1989
Legal Domicile
Sc
Voting Board Members
12
Independent Board Members
12
Employees
6

Preparer

Firm
King & Godbold LLC
Address
1131 48TH AVE N STE A, MYRTLE BEACH, SC 29577
Preparer
Barry King CPA Cfp
Phone
8434976116
Supplemental Narrative

Additional Explanations

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

Development grant to avatar meher baba perpetual public charitable trust for the completion of roads, construction of facilities at the meher pilgrim retreat, renovation to dharamshala, purchase of a school bus for the meher english school, purchase of an ambulance and nurse's quarters, construction of water reservoir tank, purchase of land and meherabad and meherazad.

Form 990, Part IX, Line 24E

Newsletter 14,975 0 0 rent expense 9,621 0 0 freight paid for bookstor 7,927 0 0 utilities 4,834 0 0 credit card fees 4,387 0 0 postage 3,841 0 0 repairs and maintenance 2,743 0 0 duplication of videos - b 2,100 0 0 blgd/studio maintenance - 1,969 0 0 promotional expense - boo 1,952 0 0 website - g 1,752 0 0 office supplies 974 0 0 administrative expenses 973 0 0 shipping supplies 972 0 0 computer expenses 885 0 0 royalty - h 719 0 0 bookstore supplies 334 0 0 printing 201 0 0 royalty/copyright 110 0 0 bad debts 82 0 0 production of books/video 80 0 0 bank charges 45 0 0 late fees 17 0 0 total 61,493 0 0

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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/PublicSupportPY170Pct00.98860
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEPOSITS COLLECTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT GRANT TO AVATAR MEHER BABA PERPETUAL PUBLIC CHARITABLE TRUST FOR THE COMPLETION OF ROADS, CONSTRUCTION OF FACILITIES AT THE MEHER PILGRIM RETREAT, RENOVATION TO DHARAMSHALA, PURCHASE OF A SCHOOL BUS FOR THE MEHER ENGLISH SCHOOL, PURCHASE OF AN AMBULANCE AND NURSE'S QUARTERS, CONSTRUCTION OF WATER RESERVOIR TANK, PURCHASE OF LAND AND MEHERABAD AND MEHERAZAD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEWSLETTER 14,975 0 0 RENT EXPENSE 9,621 0 0 FREIGHT PAID FOR BOOKSTOR 7,927 0 0 UTILITIES 4,834 0 0 CREDIT CARD FEES 4,387 0 0 POSTAGE 3,841 0 0 REPAIRS AND MAINTENANCE 2,743 0 0 DUPLICATION OF VIDEOS - B 2,100 0 0 BLGD/STUDIO MAINTENANCE - 1,969 0 0 PROMOTIONAL EXPENSE - BOO 1,952 0 0 WEBSITE - G 1,752 0 0 OFFICE SUPPLIES 974 0 0 ADMINISTRATIVE EXPENSES 973 0 0 SHIPPING SUPPLIES 972 0 0 COMPUTER EXPENSES 885 0 0 ROYALTY - H 719 0 0 BOOKSTORE SUPPLIES 334 0 0 PRINTING 201 0 0 ROYALTY/COPYRIGHT 110 0 0 BAD DEBTS 82 0 0 PRODUCTION OF BOOKS/VIDEO 80 0 0 BANK CHARGES 45 0 0 LATE FEES 17 0 0 TOTAL 61,493 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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/WebsiteAddressTxt0WWW.SHERIARFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANDREW LESNIK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08434498881
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERIAR FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0KRYNSKI
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0570915828
ReturnHeader/Filer/PhoneNum08432721339
ReturnHeader/Filer/USAddress/AddressLine1Txt0603 BRIARWOOD DRIVE
ReturnHeader/Filer/USAddress/CityNm0MYRTLE BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0109F1E8E1A522679FA62CEDF97F90A7E9C716781
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0109F1E8E1A522679FA62CEDF97F90A7E9C716781
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.10.104.62
ReturnHeader/FilingSecurityInformation/IPDt02019-08-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:38:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570993704
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KING & GODBOLD LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01131 48TH AVE N STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYRTLE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029577
ReturnHeader/PreparerPersonGrp/PhoneNum08434976116
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARRY KING CPA CFP
ReturnHeader/ReturnTs02019-08-20T14:38:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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.$1.35$0.15$1.20$0.31$0.32$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.38$0.17$1.21$0.61$0.47$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.20$1.06$0.46$0.28$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.10$0.22$0.88$0.38$0.32$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.24$0.83$0.46$0.36$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.98$0.26$0.72$0.38$0.42$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.26$0.76$0.42$0.37$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$0.30$0.32$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.74$0.23$0.28$0.05
2015Summary only. Only limited summary data is available for this year.$0.79$0.01$0.79$0.27$0.29$0.02
2014Summary only. Only limited summary data is available for this year.$0.81$0.01$0.80$0.32$0.26$0.06
2013Summary only. Only limited summary data is available for this year.$0.74$0.00$0.74$0.22$0.27$0.05
2012Summary only. Only limited summary data is available for this year.$0.79$0.00$0.79$0.29$0.32$0.03
2011Summary only. Only limited summary data is available for this year.$0.82$0.00$0.82$0.18$0.21$0.03