Civic Intelligence

The Michael Phelps Foundation

990 • Fiscal year 2011 • EIN 61-1571538

Jan 01, 2011 to Dec 31, 2011 • Filed on Oct 02, 2012

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

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2011 filings • 501(c)3 • <$500k 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

16th percentile

-33%

Faster asset growth than 16% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$350,057

Down $169,348 (-33%) from 2010

Net Assets

Down

$345,006

Down $174,236 (-34%) from 2010

Liabilities

Up

$5,051

Up $4,888 (+2999%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$476,557

Up $51,536 (+12%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

2011

Assets$350,057
Liabilities$5,051
Net Assets$345,006
Open 2011 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

2011

Revenue-
Expenses$476,557
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Oct 2, 2012
Return Version
2011v1.2
Gross Receipts
$382,103
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 424 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 AID THE ORGANIZATION ABILITY TO OFFER SWIM FACILITY TO TALENTED SWIMMERS.
IRS990ScheduleI/RecipientTable/PurposeOfGrant3TO PROMOTE THE SPORT OF SWIMMING.
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IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11USA SWIMMING FOUNDATION
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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 AT THE ANNUAL GOLF CLASSIC 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/Explanation4FORM 990 WILL BE POSTED ON THE GUIDESTAR WEBSITE: WWW.GUIDESTAR.ORG.
IRS990ScheduleO/GeneralExplanation/Explanation5ALL DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST AS WELL AS ON THE GUIDESTAR WEBSITE: WWW.GUIDESTAR.ORG.
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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/BusinessNameLine10MYA THOMPSON
IRS990/TheBooksAreInCareOf/TelephoneNumber02072742015
IRS990/TotalAssets/BOY0519405
IRS990/TotalAssetsBOY0519405
IRS990/TotalAssets/EOY0350057
IRS990/TotalAssetsEOY0350057
IRS990/TotalCompGT150K00
IRS990/TotalContributions0265562
IRS990/TotalExpensesCurrentYear0476557
IRS990/TotalExpensesPriorYear0425021
IRS990/TotalFunctionalExpenses/Fundraising056297
IRS990/TotalFunctionalExpenses/ManagementAndGeneral025957
IRS990/TotalFunctionalExpenses/ProgramServices0394303
IRS990/TotalFunctionalExpenses/Total0476557
IRS990/TotalFundrsngExpCurrentYear056297
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0163
IRS990/TotalLiabilitiesBOY0163
IRS990/TotalLiabilities/EOY05051
IRS990/TotalLiabilitiesEOY05051
IRS990/TotalLiabNetAssetsFundBalances/BOY0519405
IRS990/TotalLiabNetAssetsFundBalances/EOY0350057
IRS990/TotalNbrEmployees02
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY0519242
IRS990/TotalNetAssetsFundBalances/EOY0345006
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY053693
IRS990/TotalProfFundrsngExpPriorYear050281
IRS990/TotalProgramServiceExpense0394303
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg00
IRS990/TotalRevenueCurrentYear0302321
IRS990/TotalRevenue/ExclusionAmount036759
IRS990/TotalRevenuePriorYear0419704
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn0302321
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ManagementAndGeneral0780
IRS990/Travel/ProgramServices010866
IRS990/Travel/Total011646
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

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

Open filing
Assets
$350,057
Liabilities
$5,051
Net assets
$345,006
Revenue
-
Expenses
$476,557
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