Civic Intelligence

Chiefs Athletic Scholarship Fund In

990 • Fiscal year 2014 • EIN 57-1029455

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 27, 2015

Organization ProfileN/A
3112 Hermitage DriveLittle River, SC 29566

(843) 902-3733

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

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

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

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

Asset Growth

89th percentile

78%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

47th percentile

0.0%

Faster revenue growth than 47% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$9,492

Up $4,169 (+78%) from 2013

Net Assets

Up

$9,492

Up $4,169 (+78%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin30th percentile

Revenue

Flat

$9,002

Flat from 2013

Expenses

Up

$9,440

Up $125 (+1.3%) from 2013

Net Income

Down

-$438

Down $125 (-40%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$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

2014

Assets$9,492
Liabilities$0
Net Assets$9,492
Open 2014 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this 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

2014

Revenue$9,002
Expenses$9,440
Net Income-$438
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 27, 2015
Return Version
2014v6.0
Gross Receipts
$9,002
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$5,323$9,492▲ $4,169
Total Assets$5,323$9,492▲ $4,169
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$9,492-
Temporarily Rstr Net Assets$5,323--
Total Net Assets Fund Balance$5,323$9,492▲ $4,169
Total Liabilities and Net Assets / Fund Balance$5,323$9,492▲ $4,169
Compensation and Service Providers
Top Officer Pay74th percentile

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
$2
Change in Net Assets
$-438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,000
Other Expenses$440
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$9,000--$9,000
Fees for Services Accounting$300--$300
Fees for Services Other$140--$140
Total Functional Expenses$9,440$0$0$9,440
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
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
8436025337
Signed
2015-11-27
Discuss with paid preparer
No

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

Additional Explanations

Amended return infomation

“When preparing the return I had a typo on the income. I entered income of $3000 and it should have been $9000. This is to correct that information”

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 Appendix285 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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IRS990/ProgSrvcAccomActy2Grp/Desc0Accounting Fees and Bank Charges Contribution from the North Myrtle Beach Chiefs Booster Club for scholarships. Savings interest income
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0440
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt0-438
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03000
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization maintains a conflict of interest policy which is reviewed by the governing body on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no paid officers or anyone else in this organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Since there are no paid officers or anyone else involved with the organization the process for determining compensation is not currently being used.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing documents including tax returns are available to the public with 3 days notice.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6For 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Hank Hester
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08436025337
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Chiefs Athlete Scholarship Fund
ReturnHeader/Filer/BusinessNameControlTxt0CHIE
ReturnHeader/Filer/EIN0571029455
ReturnHeader/Filer/USAddress/AddressLine1Txt03112 Hermitage Drive
ReturnHeader/Filer/USAddress/CityNm0Little River
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029566
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208362218
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tyler Financial Service
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0458 Nature Trail
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Little River
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029566
ReturnHeader/PreparerPersonGrp/PhoneNum08433995404
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patrick Tyler
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-05-11T11:35:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,492
Liabilities
$0
Net assets
$9,492
Revenue
$9,002
Expenses
$9,440
Net income
-$438
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