Civic Intelligence

Brad Richards Foundation Inc

990 • Fiscal year 2016 • EIN 61-1507870

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 09, 2017

150 West 28th Street Suite 1003New York, NY 10001

(888) 919-8273

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

47th percentile

0.0%

Faster asset growth than 47% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Assets

Flat

$236

Flat from 2015

Net Assets

Flat

$236

Flat from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Flat

$0

Flat from 2015

Expenses

Down

$0

Down $485 (-100%) from 2015

Net Income

Up

$0

Up $485 (+100%) from 2015

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2010: $9,895Liabilities 2010: $0Net Assets 2010: $9,8952010Assets 2011: $16,298Liabilities 2011: $0Net Assets 2011: $16,2982011Assets 2012: $41,670Liabilities 2012: $0Net Assets 2012: $41,6702012Assets 2014: $721Liabilities 2014: $0Net Assets 2014: $7212014Assets 2015: $236Liabilities 2015: $0Net Assets 2015: $2362015Assets 2016: $236Liabilities 2016: $0Net Assets 2016: $2362016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$236
Liabilities$0
Net Assets$236

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $91,008Expenses 2010: $81,113Net Income 2010: $9,8952010Revenue 2011: $146,896Expenses 2011: $140,493Net Income 2011: $6,4032011Revenue 2012: $146,085Expenses 2012: $120,713Net Income 2012: $25,3722012Revenue 2014: $130,614Expenses 2014: $140,993Net Income 2014: -$10,3792014Revenue 2015: $0Expenses 2015: $485Net Income 2015: -$4852015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $236Net Income 2017: -$2362017

Highlighted filing

2016

Revenue$0
Expenses$0
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 9, 2017
Return Version
2016v3.0
Gross Receipts
$0
Mission and Program Overview

Mission

The organization is devoted to assisting those less fortunate, to creating and contributing to casues that provide exceptional expericances and treatment for children and famlies enduring chronic and/or life threating illness and to the advancement of youth and amateur sports.

To assist those less fortunate, to create and contribute to causes that provide exceptional experiences and treatment for children and families enduring chronic and/or life threatening illness and to the advancement of youth and amateur sports.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236$236→ $0
Rtn Earn Endowment Incm Other Fnds$236$236→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$236$236→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$236$236→ $0
Total Liabilities and Net Assets / Fund Balance$236$236→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad RichardsPresident
Delite RichardsVice President/secretary
John FaheyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Delite richards and brad richards have a family relationship.

Form 990, Part VI, Section A, Line 3

Radegen sports management provides management and fundraising services to brad richards foundation (brf) through a board-approved contract. Radegen sports management provides the following services to the foundation: -radegen will handle the day-to-day management of the activities of organizations and entities that endorse brad richards ("partners") to the extent that such activities relate to the charity, including securing donations to the brf as part of the overall endorsement of brad richards as well as coordinating the partners' involvement in the brf. Radegen will also work with the national hockey league and the new york rangers to maximize the exposure and funds raised for the brf. -radegen will use best efforts to actively seek new partners for the charity. These new partners will include brands that want to align with the brf, as well as other partners to help grow the brf fundraising initiatives. -radegen will manage all fundraising of the brf including online donations and on-site fundraising activities. -radegen will work with brad richards and other athletes including his new york rangers teammates to create fundraising efforts to build exposure and raise additional funds. -radegen will operate social media pages for the charity and monitor all social media outlets for posts regarding the charity. -radegen will work with the brf treasurer on financial aspects of the brf including handling day-to-day finances, managing donations, creating budgets and projecting yearly revenues.

Form 990, Part VI, Section B, Line 11B

The organization has provided a copy of form 990 to its governing body prior to filing this return.

Form 990, Part VI, Section C, Line 19

Form 990, page 6, part vi, section c, line 19: available upon request.

Filing and Contact Details

Filer

Filer Name
Brad Richards Foundation Inc
EIN
61-1507870
Phone
8889198273
Address
150 WEST 28TH STREET SUITE 1003, NEW YORK, NY 10001

Signing Officer

Name
John Fahey
Title
Treasurer
Phone
8889198273
Signed
2017-10-09

Organization Details

Principal Officer
John Fahey
Formed
2006
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Frazier & Deeter LLC
Address
401 E JACKSON ST STE 2425, TAMPA, FL 33602
Preparer
J Michael Hendricks CPA
Phone
8135596400
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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/MissionDesc0THE ORGANIZATION IS DEVOTED TO ASSISTING THOSE LESS FORTUNATE, TO CREATING AND CONTRIBUTING TO CASUES THAT PROVIDE EXCEPTIONAL EXPERICANCES AND TREATMENT FOR CHILDREN AND FAMLIES ENDURING CHRONIC AND/OR LIFE THREATING ILLNESS AND TO THE ADVANCEMENT OF YOUTH AND AMATEUR SPORTS.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REQUESTS PROPOSALS FROM LOCAL ORGANIZATIONS, MAINLY HOSPITALS, THAT FIT WITHIN THE ORGANIZATIONS MISSION AND ASK FOR THEM TO SEND PROPOSALS BASED UPON THE YEAR'S BUDGETED ASSISTANCE. THE FOUNDATION THEN REVIEWS EACH PROPOSAL AND WILL ASK FOR ANY ADDITIONAL INFORMATION BEFORE DECIDING WHICH AND HOW MANY OF THE ORGANIZATIONS TO ASSIST. THE FOUNDATION RECEIVES REGULAR REPORTS ABOUT THE USE OF THE FUNDS RECEIVED WHICH IT USES ON A YEARLY BASIS TO DETERMINE WHETHER TO CONTINUE AND/OR ENHANCE THE AMOUNT GIVEN.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DELITE RICHARDS AND BRAD RICHARDS HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RADEGEN SPORTS MANAGEMENT PROVIDES MANAGEMENT AND FUNDRAISING SERVICES TO BRAD RICHARDS FOUNDATION (BRF) THROUGH A BOARD-APPROVED CONTRACT. RADEGEN SPORTS MANAGEMENT PROVIDES THE FOLLOWING SERVICES TO THE FOUNDATION: -RADEGEN WILL HANDLE THE DAY-TO-DAY MANAGEMENT OF THE ACTIVITIES OF ORGANIZATIONS AND ENTITIES THAT ENDORSE BRAD RICHARDS ("PARTNERS") TO THE EXTENT THAT SUCH ACTIVITIES RELATE TO THE CHARITY, INCLUDING SECURING DONATIONS TO THE BRF AS PART OF THE OVERALL ENDORSEMENT OF BRAD RICHARDS AS WELL AS COORDINATING THE PARTNERS' INVOLVEMENT IN THE BRF. RADEGEN WILL ALSO WORK WITH THE NATIONAL HOCKEY LEAGUE AND THE NEW YORK RANGERS TO MAXIMIZE THE EXPOSURE AND FUNDS RAISED FOR THE BRF. -RADEGEN WILL USE BEST EFFORTS TO ACTIVELY SEEK NEW PARTNERS FOR THE CHARITY. THESE NEW PARTNERS WILL INCLUDE BRANDS THAT WANT TO ALIGN WITH THE BRF, AS WELL AS OTHER PARTNERS TO HELP GROW THE BRF FUNDRAISING INITIATIVES. -RADEGEN WILL MANAGE ALL FUNDRAISING OF THE BRF INCLUDING ONLINE DONATIONS AND ON-SITE FUNDRAISING ACTIVITIES. -RADEGEN WILL WORK WITH BRAD RICHARDS AND OTHER ATHLETES INCLUDING HIS NEW YORK RANGERS TEAMMATES TO CREATE FUNDRAISING EFFORTS TO BUILD EXPOSURE AND RAISE ADDITIONAL FUNDS. -RADEGEN WILL OPERATE SOCIAL MEDIA PAGES FOR THE CHARITY AND MONITOR ALL SOCIAL MEDIA OUTLETS FOR POSTS REGARDING THE CHARITY. -RADEGEN WILL WORK WITH THE BRF TREASURER ON FINANCIAL ASPECTS OF THE BRF INCLUDING HANDLING DAY-TO-DAY FINANCES, MANAGING DONATIONS, CREATING BUDGETS AND PROJECTING YEARLY REVENUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS PROVIDED A COPY OF FORM 990 TO ITS GOVERNING BODY PRIOR TO FILING THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PAGE 6, PART VI, SECTION C, LINE 19: AVAILABLE UPON REQUEST.
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ReturnHeader/PreparerPersonGrp/PhoneNum08135596400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J MICHAEL HENDRICKS CPA
ReturnHeader/ReturnTs02017-10-09T15:46:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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