Civic Intelligence

Chiefs Athlete Scholarship Fund

EIN 57-1029455 • 501(c)3 • Little River, SC

Profile

The organizations purpose is to award scholorships to improve education for students graduating from North Myrtle Beach High School

3112 Hermitage DriveLittle River, SC 29566

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

39th percentile

-3.3%

Higher net margin than 39% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

42nd percentile

-7.2%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

96th percentile

200%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$3,242

Down $6,250 (-66%) from 2014

Liabilities

Flat

$0

Flat from 2014

Net Assets

Down

$3,242

Down $6,250 (-66%) from 2014

Operations
Liabilities / Revenue61st percentileNet Margin39th percentile

Revenue

Down

$9,001

Down $1 (-0.0%) from 2014

Expenses

Down

$9,300

Down $140 (-1.5%) from 2014

Net Income

Up

-$299

Up $139 (+32%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth42nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2010: $10,241Liabilities 2010: $0Net Assets 2010: $10,2412010Assets 2011: $5,933Liabilities 2011: $0Net Assets 2011: $5,9332011Assets 2012: $5,637Liabilities 2012: $0Net Assets 2012: $5,6372012Assets 2013: $5,323Liabilities 2013: $0Net Assets 2013: $5,3232013Assets 2014: $9,492Liabilities 2014: $0Net Assets 2014: $9,4922014Assets 2015: $3,242Liabilities 2015: $0Net Assets 2015: $3,2422015

Highlighted filing

2015

Assets$3,242
Liabilities$0
Net Assets$3,242
Open 2015 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2010: $12,021Expenses 2010: $8,390Net Income 2010: $3,6312010Revenue 2011: $9,021Expenses 2011: $13,315Net Income 2011: -$4,2942011Revenue 2012: $9,004Expenses 2012: $9,300Net Income 2012: -$2962012Revenue 2013: $9,002Expenses 2013: $9,315Net Income 2013: -$3132013Revenue 2014: $9,002Expenses 2014: $9,440Net Income 2014: -$4382014Revenue 2015: $9,001Expenses 2015: $9,300Net Income 2015: -$2992015

Highlighted filing

2015

Revenue$9,001
Expenses$9,300
Net Income-$299
Open 2015 Filing

Filings

Most recent year

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

Open filing
Assets
$3,242
Liabilities
$0
Net assets
$3,242
Revenue
$9,001
Expenses
$9,300
Net income
-$299
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$9.00$9.30$0.30
2014Detailed filing. Detailed filing data is available for this year.$9.49$0.00$9.49$9.00$9.44$0.44
2013Detailed filing. Detailed filing data is available for this year.$5.32$0.00$5.32$9.00$9.32$0.31
2012Summary only. Only limited summary data is available for this year.$5.64$0.00$5.64$9.00$9.30$0.30
2011Summary only. Only limited summary data is available for this year.$5.93$0.00$5.93$9.02$13.3$4.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.00$10.2$12.0$8.39$3.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 3, 2016
Return Version
2015v2.1
Gross Receipts
$9,001
Mission and Program Overview

Mission

The organizations purpose is to award scholorships to improve education for students graduating from North Myrtle Beach High School

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,541$3,242▼ $299
Total Assets$3,541$3,242▼ $299
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,541$3,242▼ $299
Total Net Assets Fund Balance$3,541$3,242▼ $299
Total Liabilities and Net Assets / Fund Balance$3,541$3,242▼ $299
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Hank HesterPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,000
Investment Income
$0
Other Revenue
$1
Change in Net Assets
$-299
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,000
Other Expenses$300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,000--$9,000
Fees for Services Accounting$300--$300
Total Functional Expenses$9,300$0$0$9,300
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Coastal Carolina UniversityConway, SC-Scholarship-
University of SCColumbia, SC-Scholarship-
University of SC BeaufortColumbia, SC-Scholarship-
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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 governing body review Part VI line 11

“Once the 990 is complete our accountant presents it to the governing body and answers any and all questions relating to it.”

Conflict of interest policy compliance Part VI line 12C

“The organization maintains a conflict of interest policy which is reviewed by the governing body on an annual basis.”

CEO executive director top management comp Part VI line 15A

“There are no paid officers or anyone else in this organization”

Other officer or key employee compensation Part VI line 15B

“Since there are no paid officers or anyone else involved with the organization the process for determining compensation is not currently being used.”

Governing documents etc available to public Part VI line 19

“All governing documents including tax returns are available to the public with 3 days notice.”

Filing and Contact Details

Filer

Filer Name
Chiefs Athlete Scholarship Fund
EIN
57-1029455
Address
3112 Hermitage Drive, Little River, SC 29566

Signing Officer

Name
Hank Hester
Title
President
Phone
8439023733
Signed
2016-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hank Hester
Formed
1985
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Tyler Financial Services
Address
458 Nature Trail, Little River, SC 29566
Preparer
Patrick Tyler
Phone
8433995404
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“For the past several years a 990 EZ was filed and no balance sheet was required. The organization wanted to have a more complete picture of their financial statements so this adjustment was necessary to bring the books in line with their taxes. Part XI, Reconciliation of Net Assets, line 9 has the adjustment of 4607.00 to reflect a mistake in the ending fund balance from 2013.”

Raw XML Appendix299 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organizations only has one organization that donates funds to this group. That organization is the Chiefs Athletic Booster Club Inc a 501 c 3 that raises funds for the N. Myrtle Beach High School athletic program. The scholorships that are given out never exceed $4000.
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ReturnHeader/ReturnTs02016-04-03T14:52:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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