Civic Intelligence

The Michael Phelps Foundation

990 • Fiscal year 2012 • EIN 61-1571538

Jan 01, 2012 to Dec 31, 2012 • Filed on Oct 14, 2013

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

41st percentile

0.07x

Higher debt load relative to assets than 41% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

91st percentile

42%

Faster asset growth than 91% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$495,756

Up $145,699 (+42%) from 2011

Net Assets

Up

$462,286

Up $117,280 (+34%) from 2011

Liabilities

Up

$33,470

Up $28,419 (+563%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$805,937

Up $329,380 (+69%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2012

Assets$495,756
Liabilities$33,470
Net Assets$462,286
Open 2012 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

2012

Revenue-
Expenses$805,937
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Oct 14, 2013
Return Version
2012v2.1
Gross Receipts
$1,009,588
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 497 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE FOUNDATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS PROVIDED FOR IN THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THIS STATEMENT CLARIFIES THE CRITERIA THAT AN INDIVIDUAL TAX POSITION MUST SATISFY FOR SOME OR ALL OF THE BENEFITS OF THAT POSITION TO BE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT ALSO PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THERE WAS NO CUMULATIVE EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS RELATED TO FOLLOWING THESE PROVISIONS, AND NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS WERE ACCRUED. THE FOUNDATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDED DECEMBER 31, 2009 THROUGH 2012.
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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.
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IRS990ScheduleM/OtherNonCashContributionsTable/Description3HEADPHONES
IRS990ScheduleM/OtherNonCashContributionsTable/Description4SIGNAGE
IRS990ScheduleM/OtherNonCashContributionsTable/Description5HILTON 1-NIGHT STAY VOUCHER
IRS990ScheduleM/OtherNonCashContributionsTable/Description6SWEETWOOD GOLF GIFT CERTIFICATE
IRS990ScheduleM/OtherNonCashContributionsTable/Description7BACKPACKS
IRS990ScheduleM/OtherNonCashContributionsTable/Description8GIFT CARDS - SUBWAY, GOLFSMITH, VISA
IRS990ScheduleM/OtherNonCashContributionsTable/Description9DELUXE SKI PACKAGE
IRS990ScheduleM/OtherNonCashContributionsTable/Description101-WEEK VIP PASSES US OPEN
IRS990ScheduleM/OtherNonCashContributionsTable/Description11OTHER ITEMS
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues0FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues1FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues2FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues3FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues4FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues5FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues6FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues7FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues8FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues9FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues10FAIR MARKET VALUE
IRS990ScheduleM/OtherNonCashContributionsTable/MethodOfDeterminingRevenues11FAIR MARKET VALUE
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IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions1500
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions24
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions315
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions41
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions520
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions6200
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions7120
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions8265
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions91
IRS990ScheduleM/OtherNonCashContributionsTable/NumberOfContributions102
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IRS990ScheduleM/ReviewProcessUnusualNCGifts00
IRS990ScheduleM/ThirdPartiesUsed00
IRS990ScheduleO/GeneralExplanation/Explanation0DEBORAH PHELPS (SECRETARY) IS MICHAEL PHELPS' (PRESIDENT) MOTHER. PETER CARLISLE (EXECUTIVE DIRECTOR) 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".

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$495,756
Liabilities
$33,470
Net assets
$462,286
Revenue
-
Expenses
$805,937
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