Civic Intelligence

The Psaras Foundation

990 • Fiscal year 2011 • EIN 57-1069695

Jul 01, 2010 to Jun 30, 2011 • Filed on Aug 31, 2011

Organization Profile
Post Office Box 1139029211
Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

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

2011 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets23rd percentile

Assets

$529,713

No earlier filing loaded for comparison.

Net Assets

$529,713

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$730,774

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2011: $529,713Liabilities 2011: $0Net Assets 2011: $529,7132011Assets 2012: $514,285Liabilities 2012: $0Net Assets 2012: $514,2852012

Highlighted filing

2011

Assets$529,713
Liabilities$0
Net Assets$529,713
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Expenses 2011: $730,7742011Expenses 2012: $17,4432012

Highlighted filing

2011

Revenue-
Expenses$730,774
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Aug 31, 2011
Return Version
2010v3.4
Gross Receipts
$2,666
Mission and Program Overview

Major Activities

Activity 2
Psaras foundation provided direct service to projects through consultant contract payments
Filing and Contact Details

Filer

EIN
57-1069695
Raw XML AppendixShowing 400 of 446 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/Form990ScheduleIPartIV/Explanation0PRIOR TO FILING ARTICLES OF DISSOLUTION, EFFECTIVE 9/30/2011 PSARAS FOUNDATION REQUIRED AND RECEIVED INTERIM AND FINAL REPORTS FROM ALL ORGANIZATIONS THAT RECEIVED GRANTS OR FUNDS FROM THE FOUNDATION. THESE REPORTS WERE REVIEWED BY THE OFFICERS OF THE FOUNDATION TO ENSURE THAT GRANT FUNDS WERE USED FOR THE INTENDED PURPOSES.
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IRS990ScheduleO/GeneralExplanation/Explanation0IN CONNECTION WITH THE PLAN OF DISSOLUTION ADOPTED BY THE BOARD OF DIRECTORS OF PSARAS FOUNDATION, JAMES S. KONDUROS (CHAIRMAN) WAS DESIGNATED AS THE REPRESENTATIVE OF PSARAS FOUNDATION TO MANAGE THIS DISSOLUTION AND AS SUCH HE REVIEWED THIS FORM 990 PRIOR TO SIGNING AND AUTHORIZING ITS FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE FOUNDATION OFFICE IN COLUMBIA, SC AND THE PUBLIC CAN VIEW SUCH DOCUMENTS UPON REQUEST DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/GeneralExplanation/Explanation2WITH ALL FUNDS PLACED IN ESCROW, FOR SPECIFIC USES THERE IS NO POTENTIAL FOR CONFLICTS OF INTEREST FROM BOARD MEMBERS OR OFFICERS. THE FORMER CONFLICTS POLICY IS NOT APPLICABLE.
IRS990ScheduleO/GeneralExplanation/Explanation3WITH RESPECT TO COMPENSATION MATTERS, THE BOARD OF DIRECTORS BASED ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE APPROVED A FINAL COMPENSATION PACKAGE THROUGH JUNE 30, 2011 FOR THE CHAIRMAN, JAMES KONDUROS, AND FORMER VICE PRESIDENT, TERESA WILKINSON, TO WIND UP THE AFFAIRS OF PSARAS FOUNDATION AND OVERSEE ITS DISSOLUTION. JAMES KONDUROS'S AGREEMENT PROVIDED FOR SALARY TO CONTINUE THROUGH 9/30/2011 AND FOR HIM TO BE PAID AS AN INDEPENDENT CONTRACTOR DURING THE FOLLOWING NINE MONTHS AS HE OVERSAW THE DISSOLUTION. TERESA WILKINSON IS PAID AN HOURLY COMPENSATION AMOUNT AS WORK IS PERFORMED AT A RATE SIMILIAR TO HER PREVIOUS COMPENSATION LEVEL.
IRS990ScheduleO/GeneralExplanation/Explanation4DURING THE FISCAL YEAR ENDING JUNE 30, 2010 THE FOUNDATION BEGAN A PROCESS OF REVIEWING ITS ACTIVITIES WITH A GOAL OF DETERMING IF CONTINUED OPERATION OF THE FOUNDATION AS A SEPARATE ORGANIZATION WAS WARRANTED. HAVING DETERMINED IT WAS NOT, THE BOARD ADOPTED A PLAN OF DISSOLUTION AT ITS MAY 20, 2010 MEETING THAT RESULTED IN THE NOTICE TO THE SC ATTORNEY GENERAL OF THE PROPOSED DISSOLUTION IN AUGUST 2010 AND THE FOUNDATION FILING ARTICLES OF DISSOLUTION EFFECTIVE SEPTEMBER 30, 2010.
IRS990ScheduleO/GeneralExplanation/Explanation5THE PSARAS FUND, INC BOARD OF DIRECTORS ELECTS THE MEMBERS OF THE PSARAS FOUNDATION BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation6PSARAS FOUNDATION MAINTAINS MINUTES OF ALL BOARD OF DIRECTORS MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation7NO LONGER APPLICABLE WITH DISSOLUTION PLAN IN EFFECT.
IRS990ScheduleO/GeneralExplanation/Explanation8ALL DUTIES PERFORMED BY THE BOARD OF DIRECTORS HAVE BEEN DELEGATED TO JAMES S. KONDUROS, CHAIRMAN AS HE OVERSEES THE DISSOLUTION OF THE ORGANIZATION UNDER A CONTRACT AS AN INDEPENDENT CONTRACTOR.
IRS990ScheduleO/GeneralExplanation/Identifier0PART VI; SECTION A; QUESTION #11
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IRS990ScheduleO/GeneralExplanation/Identifier2PART VI; SECTION B;QUESTION 12C
IRS990ScheduleO/GeneralExplanation/Identifier3PART VI; SECTION B;QUESTION 15
IRS990ScheduleO/GeneralExplanation/Identifier4PART III; QUESTION #3
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IRS990ScheduleO/GeneralExplanation/Identifier6PART VI; SECTION A; QUESTIONS #8, 8A & 8B
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IRS990ScheduleO/GeneralExplanation/Identifier8PART VI; SECTION A; QUESTION #3
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IRS990ScheduleO/GeneralExplanation/ReturnReference3PART VI; SECTION B;QUESTION 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4SIGNIFICANT CHANGES TO OPERATIONS
IRS990ScheduleO/GeneralExplanation/ReturnReference5PART VI; SECTION A; QUESTIONS #6, 7A & 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference6PART VI; SECTION A; QUESTIONS #8, 8A & 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference7PART VI; SECTION C; LINE #19:
IRS990ScheduleO/GeneralExplanation/ReturnReference8PART VI; SECTION A; QUESTION #3
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IRS990/TotalLiabilitiesBOY07035
IRS990/TotalLiabilities/EOY00
IRS990/TotalLiabilitiesEOY00
IRS990/TotalLiabNetAssetsFundBalances/BOY01264857
IRS990/TotalLiabNetAssetsFundBalances/EOY0529713
IRS990/TotalNbrEmployees02
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY01257822
IRS990/TotalNetAssetsFundBalances/EOY0529713
IRS990/TotalOtherCompensation00
IRS990/TotalOtherRevenue0192
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0638241

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$529,713
Liabilities
$0
Net assets
$529,713
Revenue
-
Expenses
$730,774
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$0.00$5.14$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$0.00$5.30$7.31