Civic Intelligence

The Florida Bar Foundation Endowment Trust

990 • Fiscal year 2017 • EIN 59-6972443

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

875 CONCOURSE PARKWAY SOUTH Suite 1Maitland, FL 32751

(407) 960-7000

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

1st percentile

-871%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

77th percentile

26%

Faster revenue growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,552,382

Down $1,688,874 (-27%) from 2016

Net Assets

Down

$4,551,322

Down $1,688,056 (-27%) from 2016

Liabilities

Down

$1,060

Down $818 (-44%) from 2016

Revenue

Up

$228,044

Up $46,745 (+26%) from 2016

Expenses

Up

$2,214,381

Up $340,324 (+18%) from 2016

Net Income

Down

-$1,986,337

Down $293,579 (-17%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $6,922,746Liabilities 2011: $10,162Net Assets 2011: $6,912,5842011Assets 2012: $6,742,537Liabilities 2012: $21,391Net Assets 2012: $6,721,1462012Assets 2013: $7,338,436Liabilities 2013: $11,801Net Assets 2013: $7,326,6352013Assets 2014: $8,142,479Liabilities 2014: $8,053Net Assets 2014: $8,134,4262014Assets 2015: $8,185,202Liabilities 2015: $7,978Net Assets 2015: $8,177,2242015Assets 2016: $6,241,256Liabilities 2016: $1,878Net Assets 2016: $6,239,3782016Assets 2017: $4,552,382Liabilities 2017: $1,060Net Assets 2017: $4,551,3222017Assets 2018: $4,831,623Liabilities 2018: $1,969Net Assets 2018: $4,829,6542018Assets 2019: $5,058,561Liabilities 2019: $930Net Assets 2019: $5,057,6312019Assets 2020: $4,984,568Liabilities 2020: $1,502Net Assets 2020: $4,983,0662020Assets 2021: $6,355,414Liabilities 2021: $0Net Assets 2021: $6,355,4142021Assets 2022: $5,660,376Liabilities 2022: $0Net Assets 2022: $5,660,3762022Assets 2023: $6,157,843Liabilities 2023: $0Net Assets 2023: $6,157,8432023Assets 2024: $6,671,968Liabilities 2024: $0Net Assets 2024: $6,671,9682024Assets 2025: $7,255,408Liabilities 2025: $0Net Assets 2025: $7,255,4082025

Highlighted filing

2017

Assets$4,552,382
Liabilities$1,060
Net Assets$4,551,322

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $700,239Expenses 2011: $127,657Net Income 2011: $572,5822011Expenses 2012: $55,2962012Expenses 2013: $47,0472013Revenue 2014: $691,492Expenses 2014: $35,355Net Income 2014: $656,1372014Revenue 2015: $408,673Expenses 2015: $27,567Net Income 2015: $381,1062015Revenue 2016: $181,299Expenses 2016: $1,874,057Net Income 2016: -$1,692,7582016Revenue 2017: $228,044Expenses 2017: $2,214,381Net Income 2017: -$1,986,3372017Revenue 2018: $213,700Expenses 2018: $19,163Net Income 2018: $194,5372018Revenue 2019: $186,779Expenses 2019: $18,794Net Income 2019: $167,9852019Revenue 2020: $288,545Expenses 2020: $17,915Net Income 2020: $270,6302020Revenue 2021: $385,131Expenses 2021: $20,832Net Income 2021: $364,2992021Revenue 2022: $354,573Expenses 2022: $22,179Net Income 2022: $332,3942022Revenue 2023: $185,800Expenses 2023: $17,011Net Income 2023: $168,7892023Revenue 2024: $274,600Expenses 2024: $10,893Net Income 2024: $263,7072024Revenue 2025: $153,291Expenses 2025: $18,493Net Income 2025: $134,7982025

Highlighted filing

2017

Revenue$228,044
Expenses$2,214,381
Net Income-$1,986,337
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.1
Gross Receipts
$1,334,856
Mission and Program Overview

Mission

To maintain endowment funds to provide income to carry out ffla's mission statement.

To provide support to the florida bar foundation, inc. To carry on its exempt purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,236,487$3,929,325▲ $692,838
Savings and Temporary Cash Investments$2,551,474$304,426▼ $2,247,048
Investments Other Securities$309,025$201,719▼ $107,306
Pledges and Grants Receivable$139,596$114,762▼ $24,834
Accounts Receivable$4,674$2,150▼ $2,524
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$6,241,256$4,552,382▼ $1,688,874
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,878$1,060▼ $818
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,878$1,060▼ $818
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,538,467$3,590,148▲ $51,681
Temporarily Rstr Net Assets$2,700,911$961,174▼ $1,739,737
Unrestricted Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,239,378$4,551,322▼ $1,688,056
Total Liabilities and Net Assets / Fund Balance$6,241,256$4,552,382▼ $1,688,874

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$6,239,378$63,738▲ $462,587$2,000,000$4,551,322
2015$8,177,224$101,772▼ $165,561$1,850,000$6,239,378
2014$8,134,426$104,976▼ $34,611-$8,177,224
2013$7,326,635$39,792▲ $803,353-$8,134,426
2012$6,721,145$68,577▲ $583,960-$7,326,635
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$63,738
Program Service Revenue
$0
Investment Income
$164,306
Other Revenue
$0
All Other Contributions
$51,682
Change in Net Assets
$-1,986,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,019,096
Grants and Similar Amounts Paid$195,285
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,000,000--$2,000,000
Grants to Domestic Orgs$195,285--$195,285
Fees for Service Investment Mgmnt Fees-$10,596-$10,596
Fees for Services Accounting-$8,500-$8,500
Total Functional Expenses$2,195,285$19,096$0$2,214,381
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
the miami foundation incMiami, FL501(c)(3)Legal Assistance for the Poor$110,650
Guardianship Program of Dade County IncMiami, FL501(c)(3)Legal Assistance for the Poor$84,635
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

form 990, part VI, section B, line 11:

Form 990 for the florida bar foundation endowment trust's fiscal year ended june 30, 2017 was sent by e-mail to the trustees before filing. The trustees were asked to acknowledge receipt of the form 990 and invited to contact the foundation's cfo with any questions or concerns.

FORM 990, PART VI, SECTION C, LINE 19:

Form 990 and the consolidated financial statements of the florida bar foundation, inc. And the florida bar foundation endowment trust are available to the public upon request or through the florida bar foundation's website. The governing documents of the florida bar foundation endowment trust are available upon request in person or by telephone, mail, or e-mail.

Filing and Contact Details

Filer

Filer Name
The Florida Bar Foundation Endowment
EIN
59-6972443
In Care Of
% LOU ANN POWELL
Phone
4079607000
Address
875 CONCOURSE PARKWAY SOUTH Suite 1, MAITLAND, FL 32751

Signing Officer

Name
Lou Ann Powell
Title
CFO
Phone
4079607000
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lou Ann Powell
Formed
1992
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bdo USA Llp
Address
201 S Orange Ave Suite 800, Orlando, FL 32801
Preparer
Anne McHugh CPA
Phone
4078416930
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The florida bar foundation endowment trust's financial statements are consolidated with the florida bar foundation's financial statements. The consolidated financial statements are audited by independent accountants. The finance and audit committee of the florida bar foundation, inc. Has oversight responsibility for the audit and selection of the independent auditors as the endowment trust has no committees.

Financial Statement Notes

Part V, line 4:

investment income derived from permanent endowment funds as well as quasi-endowment and term endowment principal and investment income funds are available to provide support to the florida bar foundation, inc. (supported organization) to carry on its exempt purposes as required by the supported organization.

part X, line 2:

management continually analyzes the endowment's various federal and state filing positions and believes that their income tax filing positions and exemption status are well documented and supported. additionally, management believes that no accruals for tax liabilities related to uncertain income tax positions are required. therefore, no reserves for uncertain income tax positions have been recorded by either the foundation or the endowment at june 30, 2017. there have been no unrecognized tax benefits since the date of adoption. further, no interest or penalties have been included since no reserves were recorded and no significant increases or decreases are expected to occur within the next 12 months. when applicable, such interest and penalties will be reported as a component of management and general expenses. the periods that remain open to examination under federal statute generally remain open for three years from the date of filing.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02000000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE FLORIDA BAR FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02000000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.25570
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt063738
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt04551322
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0195285
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt047047
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.52630
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0investment income derived from permanent endowment funds as well as quasi-endowment and term endowment principal and investment income funds are available to provide support to the florida bar foundation, inc. (supported organization) to carry on its exempt purposes as required by the supported organization.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1management continually analyzes the endowment's various federal and state filing positions and believes that their income tax filing positions and exemption status are well documented and supported. additionally, management believes that no accruals for tax liabilities related to uncertain income tax positions are required. therefore, no reserves for uncertain income tax positions have been recorded by either the foundation or the endowment at june 30, 2017. there have been no unrecognized tax benefits since the date of adoption. further, no interest or penalties have been included since no reserves were recorded and no significant increases or decreases are expected to occur within the next 12 months. when applicable, such interest and penalties will be reported as a component of management and general expenses. the periods that remain open to examination under federal statute generally remain open for three years from the date of filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1part x, line 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.21800
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt084635
IRS990ScheduleI/RecipientTable/CashGrantAmt1110650
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LEGAL ASSISTANCE FOR THE POOR
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LEGAL ASSISTANCE FOR THE POOR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Guardianship Program of Dade County Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1the miami foundation inc
IRS990ScheduleI/RecipientTable/RecipientEIN0592124958
IRS990ScheduleI/RecipientTable/RecipientEIN1650350357
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08300 NW 53rd Street Suite 402
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt140 nw 3rd street suite 305
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MIAMI
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MIAMI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033166
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd133128
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Each grantee is required to submit a narrative report, including a fiscal report on the expenditure of grant funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 FOR THE FLORIDA BAR FOUNDATION ENDOWMENT TRUST'S FISCAL YEAR ENDED JUNE 30, 2017 WAS SENT BY E-MAIL TO THE TRUSTEES BEFORE FILING. THE TRUSTEES WERE ASKED TO ACKNOWLEDGE RECEIPT OF THE FORM 990 AND INVITED TO CONTACT THE FOUNDATION'S CFO WITH ANY QUESTIONS OR CONCERNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AND THE CONSOLIDATED FINANCIAL STATEMENTS OF THE FLORIDA BAR FOUNDATION, INC. AND THE FLORIDA BAR FOUNDATION ENDOWMENT TRUST ARE AVAILABLE TO THE PUBLIC UPON REQUEST OR THROUGH THE FLORIDA BAR FOUNDATION'S WEBSITE. THE GOVERNING DOCUMENTS OF THE FLORIDA BAR FOUNDATION ENDOWMENT TRUST ARE AVAILABLE UPON REQUEST IN PERSON OR BY TELEPHONE, MAIL, OR E-MAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FLORIDA BAR FOUNDATION ENDOWMENT TRUST'S FINANCIAL STATEMENTS ARE CONSOLIDATED WITH THE FLORIDA BAR FOUNDATION'S FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS ARE AUDITED BY INDEPENDENT ACCOUNTANTS. THE FINANCE AND AUDIT COMMITTEE OF THE FLORIDA BAR FOUNDATION, INC. HAS OVERSIGHT RESPONSIBILITY FOR THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITORS AS THE ENDOWMENT TRUST HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0form 990, part vi, section b, line 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Florida Bar Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0591004604
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0support
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt09
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0875 Concourse Parkway South
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Suite Maitland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd032751
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$0.15$0.02$0.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.67$0.00$6.67$0.27$0.01$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.16$0.00$6.16$0.19$0.02$0.17
2022Detailed filing. Detailed filing data is available for this year.$5.66$0.00$5.66$0.35$0.02$0.33
2021Detailed filing. Detailed filing data is available for this year.$6.36$0.00$6.36$0.39$0.02$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.98$0.00$4.98$0.29$0.02$0.27
2019Detailed filing. Detailed filing data is available for this year.$5.06$0.00$5.06$0.19$0.02$0.17
2018Detailed filing. Detailed filing data is available for this year.$4.83$0.00$4.83$0.21$0.02$0.19
2017Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$0.23$2.21$1.99
2016Detailed filing. Detailed filing data is available for this year.$6.24$0.00$6.24$0.18$1.87$1.69
2015Detailed filing. Detailed filing data is available for this year.$8.19$0.01$8.18$0.41$0.03$0.38
2014Detailed filing. Detailed filing data is available for this year.$8.14$0.01$8.13$0.69$0.04$0.66
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$0.01$7.33$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.74$0.02$6.72$0.06
2011Summary only. Only limited summary data is available for this year.$6.92$0.01$6.91$0.70$0.13$0.57
Peer Organizations

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