Civic Intelligence

Rollins College Trust FBO Bush Chair of Mathematics

990 • Fiscal year 2017 • EIN 59-6177772

Jun 01, 2016 to May 31, 2017 • Filed on Aug 03, 2017

PO Box 1802Providence, RI 02901-1802

(888) 866-3275

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2017 filings • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

25th percentile

0.00x

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

2017 filings • $1M-$5M nonprofits • Source year 2017

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

53rd percentile

$37,464

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2017 filings • $1M-$5M nonprofits • Source year 2017

Asset Growth

82nd percentile

19%

Faster asset growth than 82% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

390%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,365,520

Up $533,658 (+19%) from 2016

Net Assets

Up

$3,365,520

Up $533,658 (+19%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$771,370

Up $613,845 (+390%) from 2016

Expenses

Up

$236,888

Up $328 (+0.1%) from 2016

Net Income

Up

$534,482

Up $613,517 (+776%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $2,831,862Liabilities 2016: $0Net Assets 2016: $2,831,8622016Assets 2017: $3,365,520Liabilities 2017: $0Net Assets 2017: $3,365,5202017Assets 2018: $3,621,154Liabilities 2018: $0Net Assets 2018: $3,621,1542018Assets 2019: $3,481,938Liabilities 2019: $0Net Assets 2019: $3,481,9382019Assets 2020: $3,314,691Liabilities 2020: $0Net Assets 2020: $3,314,6912020Assets 2021: $3,725,340Liabilities 2021: $0Net Assets 2021: $3,725,3402021Assets 2022: $3,852,927Liabilities 2022: $0Net Assets 2022: $3,852,9272022Assets 2023: $3,537,665Liabilities 2023: $0Net Assets 2023: $3,537,6652023Assets 2024: $3,488,175Liabilities 2024: $0Net Assets 2024: $3,488,1752024Assets 2025: $3,547,542Liabilities 2025: $0Net Assets 2025: $3,547,5422025

Highlighted filing

2017

Assets$3,365,520
Liabilities$0
Net Assets$3,365,520

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $157,525Expenses 2016: $236,560Net Income 2016: -$79,0352016Revenue 2017: $771,370Expenses 2017: $236,888Net Income 2017: $534,4822017Revenue 2018: $419,401Expenses 2018: $246,997Net Income 2018: $172,4042018Revenue 2019: $160,657Expenses 2019: $251,659Net Income 2019: -$91,0022019Revenue 2020: $179,985Expenses 2020: $256,048Net Income 2020: -$76,0632020Revenue 2021: $230,173Expenses 2021: $242,787Net Income 2021: -$12,6142021Revenue 2022: $745,034Expenses 2022: $240,117Net Income 2022: $504,9172022Revenue 2023: -$103,494Expenses 2023: $218,839Net Income 2023: -$322,3332023Revenue 2024: $120,933Expenses 2024: $220,638Net Income 2024: -$99,7052024Revenue 2025: $316,425Expenses 2025: $226,401Net Income 2025: $90,0242025

Highlighted filing

2017

Revenue$771,370
Expenses$236,888
Net Income$534,482
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Aug 3, 2017
Return Version
2016v3.0
Gross Receipts
$2,829,541
Mission and Program Overview

Mission

Invest assets and provide funds to rollins college for compensation to professors of mathematics and science, per trust agreement provisions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,692,066$3,180,633▲ $488,567
Cap Stk Tr Prin Current Funds-$3,180,633-
Savings and Temporary Cash Investments$139,796$184,887▲ $45,091
Rtn Earn Endowment Incm Other Fnds$2,831,862$184,887▼ $2,646,975
Total Assets$2,831,862$3,365,520▲ $533,658
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,831,862$3,365,520▲ $533,658
Total Liabilities and Net Assets / Fund Balance$2,831,862$3,365,520▲ $533,658
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Trustee$37,464$37,464
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$771,370
Other Revenue
$0
Change in Net Assets
$534,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$196,500
Salaries, Compensation, and Employee Benefits$37,464
Other Expenses$2,924
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$196,500--$196,500
Current Officers, Directors, Trustees, and Key Employees$14,986$22,478-$37,464
All Other Expenses-$1,674-$1,674
Fees for Services Accounting-$1,250-$1,250
Total Functional Expenses$211,486$25,402$0$236,888
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rollins CollegeWinter Park, FL170(b)(1)(A)(ii)Compensation of Professors of Math & Science$196,500
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8A

When decisions are made, they are documented in the permanent record.

Form 990, Page 6, Part VI, Line 11-description of Process for Review

This organization is formed as a trust under state law, and Bank of America is corporate trustee. Form 990 is prepared by Bank of America tax professionals under the direct supervision of a corporate officer of the sole trustee.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

Annual statement of compliance signed and documented by all employees of the corporate fiduciary.

FORM 990, PAGE 6, PART VI, LINE 15A

Trustee fees per applicable compensation schedule and state law requirements.

FORM 990, PAGE 6, PART VI, LINE 15B

Trustee fees per applicable compensation schedule and state law requirements.

Form 990, Page 6, Part VI, Line 19

The organization, and the bank as corporate fiduciary, make governing documents, conflicts of interest policy, and financial statements available to the public as required by federal and state laws.

Filing and Contact Details

Filer

Filer Name
Rollins College - Math Chair
EIN
59-6177772
Phone
8888663275
Address
PO BOX 1802, PROVIDENCE, RI 02901-1802

Signing Officer

Name
Bank of America N a
Title
SVP Tax
Phone
8888663275
Signed
2017-08-03

Organization Details

Formed
1967
Legal Domicile
Fl
Voting Board Members
1
Independent Board Members
1
Employees
0
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Common trust fund adjustment $1581; costadjustments $(661); partnership adj -2534, and rounding $(7)

Raw XML Appendix284 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/GoverningBodyVotingMembersCnt01
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IRS990/GrantsToIndividualsInd0false
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IRS990/IndependentVotingMemberCnt01
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InvestmentIncomeGrp/ExclusionAmt062953
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02692066
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IRS990/LoanOutstandingInd0false
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
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IRS990/OtherChangesInNetAssetsAmt0-824
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0BANK OF AMERICA NA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0BANK OF AMERICA TRUSTEE EXPENSE
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt014986
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0196500
IRS990/PYInvestmentIncomeAmt0157525
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IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0534482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02831862
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IRS990ScheduleA/SupportedOrganizationsCnt01
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IRS990ScheduleI/RecipientTable/RecipientEIN0590624440
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ANNUAL VERIFICATION THAT FUNDS ARE USED PER TRUST PROVISIONS.
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0When decisions are made, they are documented in the permanent record.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This organization is formed as a trust under state law, and Bank of America is corporate trustee. Form 990 is prepared by Bank of America tax professionals under the direct supervision of a corporate officer of the sole trustee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Annual statement of compliance signed and documented by all employees of the corporate fiduciary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Trustee fees per applicable compensation schedule and state law requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Trustee fees per applicable compensation schedule and state law requirements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization, and the bank as corporate fiduciary, make governing documents, conflicts of interest policy, and financial statements available to the public as required by federal and state laws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMON TRUST FUND ADJUSTMENT $1581; COSTADJUSTMENTS $(661); PARTNERSHIP ADJ -2534, AND ROUNDING $(7)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BANK OF AMERICA N A
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SVP Tax
ReturnHeader/BusinessOfficerGrp/PhoneNum08888663275
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROLLINS COLLEGE - MATH CHAIR
ReturnHeader/Filer/BusinessNameControlTxt0ROLL
ReturnHeader/Filer/EIN0596177772
ReturnHeader/Filer/PhoneNum08888663275
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0171.159.194.11
ReturnHeader/ReturnTs02017-08-03T09:00:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

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