Civic Intelligence

The Michael Phelps Foundation

990 • Fiscal year 2010 • EIN 61-1571538

Jan 01, 2010 to Dec 31, 2010 • Filed on Nov 09, 2011

Organization ProfileWWW.MICHAELPHELPSFOUNDATION.ORG

View Organization Page

15 Lund Road No 10104072
Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2010 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

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

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets22nd percentile

Assets

$519,405

No earlier filing loaded for comparison.

Net Assets

$519,242

No earlier filing loaded for comparison.

Liabilities

$163

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$425,021

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.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $519,405Liabilities 2010: $163Net Assets 2010: $519,2422010Assets 2011: $350,057Liabilities 2011: $5,051Net Assets 2011: $345,0062011Assets 2012: $495,756Liabilities 2012: $33,470Net Assets 2012: $462,2862012Assets 2013: $262,958Liabilities 2013: $12,538Net Assets 2013: $250,4202013Assets 2014: $226,105Liabilities 2014: $92,707Net Assets 2014: $133,3982014Assets 2015: $46,218Liabilities 2015: $92,082Net Assets 2015: -$45,8642015Assets 2016: $299,847Liabilities 2016: $6,600Net Assets 2016: $293,2472016Assets 2017: $998,358Liabilities 2017: $30,216Net Assets 2017: $968,1422017Assets 2018: $1,157,989Liabilities 2018: $64,055Net Assets 2018: $1,093,9342018Assets 2019: $1,106,178Liabilities 2019: $43,226Net Assets 2019: $1,062,9522019Assets 2020: $1,762,018Liabilities 2020: $59,149Net Assets 2020: $1,702,8692020Assets 2021: $1,732,534Liabilities 2021: $57,958Net Assets 2021: $1,674,5762021Assets 2022: $1,690,535Liabilities 2022: $52,847Net Assets 2022: $1,637,6882022Assets 2023: $1,509,140Liabilities 2023: $159,461Net Assets 2023: $1,349,6792023Assets 2024: $1,437,272Liabilities 2024: $11,870Net Assets 2024: $1,425,4022024

Highlighted filing

2010

Assets$519,405
Liabilities$163
Net Assets$519,242
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $425,0212010Expenses 2011: $476,5572011Expenses 2012: $805,9372012Revenue 2013: $463,425Expenses 2013: $675,291Net Income 2013: -$211,8662013Revenue 2014: $524,055Expenses 2014: $641,077Net Income 2014: -$117,0222014Revenue 2015: $110,289Expenses 2015: $289,551Net Income 2015: -$179,2622015Revenue 2016: $633,202Expenses 2016: $294,091Net Income 2016: $339,1112016Revenue 2017: $1,012,670Expenses 2017: $337,775Net Income 2017: $674,8952017Revenue 2018: $1,101,282Expenses 2018: $975,490Net Income 2018: $125,7922018Revenue 2019: $846,574Expenses 2019: $877,556Net Income 2019: -$30,9822019Revenue 2020: $1,240,856Expenses 2020: $600,939Net Income 2020: $639,9172020Revenue 2021: $681,369Expenses 2021: $709,662Net Income 2021: -$28,2932021Revenue 2022: $832,791Expenses 2022: $869,679Net Income 2022: -$36,8882022Revenue 2023: $1,127,489Expenses 2023: $1,415,498Net Income 2023: -$288,0092023Revenue 2024: $1,340,905Expenses 2024: $1,265,182Net Income 2024: $75,7232024

Highlighted filing

2010

Revenue-
Expenses$425,021
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Nov 9, 2011
Return Version
2010v3.4
Gross Receipts
$522,839
Mission and Program Overview

Mission

The organization's mission is to promote healthy, active lives, especially for children, primarily by expanding opportunities for participation in the sport of swimming.

Filing and Contact Details

Filer

EIN
61-1571538
Raw XML AppendixShowing 400 of 423 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/Explanation0SCHEDULE I, PART I, LINE 2: GRANTS ARE MADE TO ORGANIZATIONS THAT NEED FUNDS TO DEVELOP SWIM PROGRAMS. WHEN DONATIONS ARE MADE, THE FOUNDATION MAINTAINS A RELATIONSHIP WITH THE DONEE. MICHAEL PHELPS BECOMES THE SPOKESPERSON FOR THE DONEE'S SWIM PROGRAM AS A WAY TO ATTRACT CHILDREN TO THE PROGRAM. AS PART OF THE RELATIONSHIP, THE FOUNDATION IS ABLE TO PROVIDE GUIDANCE TO THE DONEE TO ENSURE THE SUCCESS OF ITS SWIM PROGRAM.
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0TO AID THE CLUB'S SWIMMING PROGRAM TO ENCOURAGE MORE CHILDREN TO GET INVOLVED IN SWIMMING.
IRS990ScheduleI/RecipientTable/PurposeOfGrant1TO AID GOAL TO ENCOURAGE MORE CHILDREN TO GET INVOLVED IN SWIMMING.
IRS990ScheduleI/RecipientTable/PurposeOfGrant2TO SUPPORT HEALTHY AND ACTIVE CHILDREN IN HAITI.
IRS990ScheduleI/RecipientTable/PurposeOfGrant3TO SUPPORT KIDS HEALTH - POSTERS
IRS990ScheduleI/RecipientTable/PurposeOfGrant4TO PROMOTE THE SPORT OF SWIMMING.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10BOYS AND GIRLS CLUB OF AMERICA
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11USA SWIMMING FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine12UNICEF
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine13NEMOURS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine14LEVEL FIELD FUND
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IRS990ScheduleO/GeneralExplanation/Explanation0DEBORAH PHELPS (SECRETARY) IS MICHAEL PHELPS' (PRESIDENT) MOTHER. PETER CARLISLE (TREASURER) IS MICHAEL PHELPS' (PRESIDENT) AGENT. ROBERT BOWMAN (BOARD MEMBER) IS MICHAEL PHELPS' (PRESIDENT) COACH.
IRS990ScheduleO/GeneralExplanation/Explanation1FORM 990 IS DISTRIBUTED TO THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FOUNDATION MAY USE OUTSIDE ADVISORS TO REVIEW COMPENSATION ARRANGEMENTS, PARTNERSHIPS, JOINT VENTURES AND INVESTMENTS TO ENSURE THEY CONFORM TO THE FOUNDATION'S WRITTEN POLICIES.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FOUNDATION DOES NOT PAY COMPENSATION TO A CEO, EXECUTIVE DIRECTOR OR "TOP MANAGEMENT OFFICIAL", BUT IF IT DID, COMPENSATION WOULD BE DETERMINED BY USING COMPARABLE DATA AND THE DECISION WOULD BE MADE BY "INDEPENDENT PERSONS".
IRS990ScheduleO/GeneralExplanation/Explanation4ALL DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Identifier0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/Identifier1FORM 990, PART VI, SECTION B, LINE 11
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IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1015 LUND ROAD SUITE 101
IRS990/TheBooksAreInCareOf/AddressUS/City0SACO
IRS990/TheBooksAreInCareOf/AddressUS/State0ME
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode004072
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10MARISSA GAGNON
IRS990/TheBooksAreInCareOf/TelephoneNumber02077751500
IRS990/TotalAssets/BOY0524559
IRS990/TotalAssetsBOY0524559
IRS990/TotalAssets/EOY0519405
IRS990/TotalAssetsEOY0519405
IRS990/TotalCompGT150K00
IRS990/TotalContributions0445858
IRS990/TotalExpensesCurrentYear0425021
IRS990/TotalExpensesPriorYear0176112
IRS990/TotalFunctionalExpenses/Fundraising051598
IRS990/TotalFunctionalExpenses/ManagementAndGeneral028339
IRS990/TotalFunctionalExpenses/ProgramServices0345084
IRS990/TotalFunctionalExpenses/Total0425021
IRS990/TotalFundrsngExpCurrentYear051598
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY00
IRS990/TotalLiabilitiesBOY00
IRS990/TotalLiabilities/EOY0163
IRS990/TotalLiabilitiesEOY0163
IRS990/TotalLiabNetAssetsFundBalances/BOY0524559
IRS990/TotalLiabNetAssetsFundBalances/EOY0519405
IRS990/TotalNbrEmployees01
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0524559
IRS990/TotalNetAssetsFundBalances/EOY0519242
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY050281
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0345084
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0419704
IRS990/TotalRevenue/ExclusionAmount0-26154
IRS990/TotalRevenuePriorYear0309671
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0419704
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ManagementAndGeneral01935
IRS990/Travel/ProgramServices06459
IRS990/Travel/Total08394
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0WWW.MICHAELPHELPSFOUNDATION.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02008
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0611571538
ReturnHeader/Filer/Name/BusinessNameLine10THE MICHAEL PHELPS FOUNDATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$519,405
Liabilities
$163
Net assets
$519,242
Revenue
-
Expenses
$425,021
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.01$1.43$1.34$1.27$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.51$0.16$1.35$1.13$1.42$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.69$0.05$1.64$0.83$0.87$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.06$1.67$0.68$0.71$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.06$1.70$1.24$0.60$0.64
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.04$1.06$0.85$0.88$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.06$1.09$1.10$0.98$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.97$1.01$0.34$0.67
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.63$0.29$0.34
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.09$0.05$0.11$0.29$0.18
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.09$0.13$0.52$0.64$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.46$0.68$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.03$0.46$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.35$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$0.43