Civic Intelligence

The Michael Phelps Foundation

990 • Fiscal year 2020 • EIN 61-1571538

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 13, 2021

Organization ProfileWWW.MICHAELPHELPSFOUNDATION.ORG

View Organization Page

7 Ocean Street 2nd FloorSouth Portland, ME 04106

(207) 274-2015

Siviq Scores

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

Liabilities / Assets

36th percentile

0.03x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$72,241

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

88th percentile

59%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

47%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,762,018

Up $655,840 (+59%) from 2019

Net Assets

Up

$1,702,869

Up $639,917 (+60%) from 2019

Liabilities

Up

$59,149

Up $15,923 (+37%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin91st percentile

Revenue

Up

$1,240,856

Up $394,282 (+47%) from 2019

Expenses

Down

$600,939

Down $276,617 (-32%) from 2019

Net Income

Up

$639,917

Up $670,899 (+2165%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2020

Assets$1,762,018
Liabilities$59,149
Net Assets$1,702,869
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

2020

Revenue$1,240,856
Expenses$600,939
Net Income$639,917
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 13, 2021
Return Version
2020v4.1
Gross Receipts
$1,248,943
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,068,488$1,038,173▼ $30,315
Pledges and Grants Receivable$35,500$314,500▲ $279,000
Prepaid Expenses and Deferred Charges$1,541$8,544▲ $7,003
Accounts Receivable$455$607▲ $152
Land, Buildings, and Equipment, Net$194$194→ $0
Total Assets$1,106,178$1,762,018▲ $655,840
Other Assets Total$0$400,000▲ $400,000
Liabilities
Accounts Payable and Accrued Expenses$43,226$34,350▼ $8,876
Other Liabilities$0$24,799▲ $24,799
Total Liabilities$43,226$59,149▲ $15,923
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,062,952$1,064,869▲ $1,917
Net Assets With Donor Restrictions-$638,000-
Total Net Assets Fund Balance$1,062,952$1,702,869▲ $639,917
Total Liabilities and Net Assets / Fund Balance$1,106,178$1,762,018▲ $655,840

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$194$2,688$2,882
Other Assets Org$400,000--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marissa FortierManaging DirectorFT$72,241$72,241

Board Members and Trustees

NameTitle
Michael PhelpsPresident
Michael LynchBoard Member
Robert BowmanBoard Member
Deborah PhelpsSecretary
Lenny KrayzelburgTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,200,973
Program Service Revenue
$0
Investment Income
$2,730
Other Revenue
$37,153
All Other Contributions
$608,213
Change in Net Assets
$639,917

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$400,000Selling Price
Total Noncash Contributions1$400,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,248,943
Revenue Not Reported on Financial Statements
$-8,087
Revenue Not Reported on Form 990
$64,374
Other Revenue Adjustments
$-8,087
Total Revenue per Audited Statements
$1,313,317
Total Revenue per Form 990
$1,240,856
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,993
Grants and Similar Amounts Paid$209,960
Salaries, Compensation, and Employee Benefits$161,986
Total Fundraising Expense$28,161
Professional Fundraising Fees$17,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$209,960--$209,960
Other Salaries and Wages$72,808--$72,808
Current Officers, Directors, Trustees, and Key Employees$52,912$14,433$5,398$72,743
Office Expenses$9,723$11,053$20$20,796
Fees for Services Accounting-$20,445-$20,445
All Other Expenses$9,800$5,141$2,240$17,181
Fees for Services Professional Fundraising--$17,000$17,000
Payroll Taxes$14,196$1,629$610$16,435
Fees for Services Legal$10,636$2,913$752$14,301
Travel$12,646$1,181-$13,827
Fees for Services Other$12,240--$12,240
Other Expenses$16,673$8,897-$8,897
Advertising$3,077$2,766$1,041$6,884
Insurance-$5,367$400$5,767
Information Technology-$1,085$700$1,785
Interest-$177-$177
Total Functional Expenses$490,591$82,187$28,161$600,939

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$673,400
Expenses per Audited Statements$600,939
Total Expenses per Form 990$600,939
Expenses Not Reported on Form 990$72,461
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boys and Girls Club of AmericaAtlanta, GA501(c)(3)The Foundation Delivers a Grant to the National Office for the Implementation of the Im Program in Boys & Girls Clubs Across the Country. the National Office Disburses the Grant to Each Club to Help Club Members Learn How to Swim, Set Goals and Live a Healthier Life.$112,000
Bcps Education FoundationTowson, MD501(c)(3)Donation to Support Implementation of the Im Healthy Program in Baltimore County Public Schools$25,000
Living ClassroomsBaltimore, MD501(c)(3)Grant to Implement the Emotional Wellness Program$12,000
Southwest Valley Family YmcaGoodyear, AZ501(c)(3)Grant to Implement the Im Healthy Program$8,500
Boys and Girls Club of Deep East TexasNacogdoches, TX501(c)(3)Grant to Implement Im Program$7,000
National Drowning Prevention AllianceIndiana, PA501(c)(3)Donation to Provide Support Towards Their Water Safety Programming and Drowning Prevention Advocacy.$6,100
Boys and Girls Club of Austin AreaAustin, TX501(c)(3)Grant to Implement Im Program$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,240
Professional Fundraising Fees$17,000
Fundraising Direct Expenses$8,087

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Gala$638,000$45,240$8,087$37,153
Total Events$638,000$45,240$8,087$37,153
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Notes Payable$24,799
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Deborah phelps (secretary) is michael phelps' (president) mother.”

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

“Form 990 is distributed to the members of the board of directors for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The foundation may use outside advisors to review compensation arrangements, partnerships, joint ventures and investments to ensure they conform to the foundation's written policies.”

Form 990, Part VI, Section B, Line 15A

“The foundation pays its managing director a salary and has a policy for determining the compensation. The process includes all of these elements: (1) review and approval by the board of directors of the foundation; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. (1) review and approval. The compensation of the person is reviewed and approved by the board of directors of the foundation, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. (2) use of data as to comparable compensation. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. (3) contemporaneous documentation and recordkeeping. There is contemporaneous documentation and recording keeping with respect to the deliberations and decisions regarding the compensation arrangement.”

Form 990, Part VI, Section C, Line 18

“Form 990 will be posted on the guidestar website: www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“All documents of the organization are available upon request as well as on the guidestar website: www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
The Michael Phelps Foundation
EIN
61-1571538
Phone
2072742015
Address
7 OCEAN STREET 2ND FLOOR, SOUTH PORTLAND, ME 04106

Signing Officer

Name
Lenny Krayzelburg
Title
Treasurer
Phone
2026378646
Signed
2021-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael F Phelps Ii
Formed
2008
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
10

Preparer

Firm
Citrin Cooperman & Company Llp
Address
3998 FAIR RIDGE DR SUITE 360, FAIRFAX, VA 22033
Preparer
Allison Parsons
Phone
7032814880
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2A

“The foundation has an independent accountant compile quarterly and annual financial statements for the board's review. Another independent accountant audits the financial statements.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america requires management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain tax position that more likely than not would not be sustained upon examination by the internal revenue service and/or state taxing authorities. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Direct expenses for golf fundraising event -8,087.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct expense for golf fundraising event 8,087.”

Raw XML AppendixShowing 400 of 637 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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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROMOTE HEALTHY, ACTIVE LIVES, ESPECIALLY FOR CHILDREN, PRIMARILY BY EXPANDING OPPORTUNITIES FOR PARTICIPATION IN THE SPORT OF SWIMMING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01062952
IRS990/NetAssetsOrFundBalancesEOYAmt01702869
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt037153
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt037153
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01062952
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01064869
IRS990/NoncashContributionsAmt0400000
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt020
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011053
IRS990/OfficeExpensesGrp/ProgramServicesAmt09723
IRS990/OfficeExpensesGrp/TotalAmt020796
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0400000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0VIDEO PRODUCTION
IRS990/OtherExpensesGrp/Desc1PROGRAM MATERIALS
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3PERMITS & LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18897
IRS990/OtherExpensesGrp/ProgramServicesAmt040427
IRS990/OtherExpensesGrp/ProgramServicesAmt125493
IRS990/OtherExpensesGrp/ProgramServicesAmt216673
IRS990/OtherExpensesGrp/TotalAmt047527
IRS990/OtherExpensesGrp/TotalAmt125493
IRS990/OtherExpensesGrp/TotalAmt216673
IRS990/OtherExpensesGrp/TotalAmt38897
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt024799
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt072808
IRS990/OtherSalariesAndWagesGrp/TotalAmt072808
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0610
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01629
IRS990/PayrollTaxesGrp/ProgramServicesAmt014196
IRS990/PayrollTaxesGrp/TotalAmt016435
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0314500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01541
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08544
IRS990/PrincipalOfficerNm0MICHAEL F PHELPS II
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0964514
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0509789
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0227598
IRS990/PYOtherRevenueAmt0-117940
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-30982
IRS990/PYSalariesCompEmpBnftPaidAmt0132919
IRS990/PYTotalExpensesAmt0877556
IRS990/PYTotalProfFndrsngExpnsAmt07250
IRS990/PYTotalRevenueAmt0846574
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0639917
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01200973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01228810
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01421096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01012670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0633202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05496751
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02730
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02730
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt037153
IRS990ScheduleA/OtherIncome170Grp/TotalAmt037153
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70710
IRS990ScheduleA/PublicSupportPY170Pct00.68900
IRS990ScheduleA/PublicSupportTotal170Amt03915152
IRS990ScheduleA/SubstantialContributorsTotAmt01581599
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01200973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01228810
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01421096
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01012670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0633202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05496751
IRS990ScheduleA/TotalSupportAmt05536634
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt064374
IRS990ScheduleD/DonatedServicesUseFcltsAmt064374
IRS990ScheduleD/EquipmentGrp/BookValueAmt0194
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02882
IRS990ScheduleD/ExpensesNotReportedAmt072461
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0600939
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0400000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DONATED VEHICLE HELD FOR RESALE
IRS990ScheduleD/OtherExpensesIncludedAmt08087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024799
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP NOTES PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-8087
IRS990ScheduleD/RevenueNotReportedAmt064374
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-8087
IRS990ScheduleD/RevenueSubtotalAmt01248943
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND/OR STATE TAXING AUTHORITIES. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT EXPENSES FOR GOLF FUNDRAISING EVENT -8,087.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT EXPENSE FOR GOLF FUNDRAISING EVENT 8,087.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0194
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0400000
IRS990ScheduleD/TotalExpensesPerForm990Amt0600939
IRS990ScheduleD/TotalLiabilityAmt024799
IRS990ScheduleD/TotalRevenuePerForm990Amt01240856
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01313317
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0673400
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0DEVELOPING, NEGOTIATING, AND MANAGING MARKETING ACTIVITIES
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0170000
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0153000
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0OCTAGON
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt017000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt07 OCEAN STREET 2ND FLOOR
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0SOUTH PORTLAND
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd004106
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0592760
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0592760
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08087
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0638000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0638000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045240
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045240
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt037153
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08087
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08087
IRS990ScheduleG/LicensedStatesCd0AL
IRS990ScheduleG/LicensedStatesCd1AK
IRS990ScheduleG/LicensedStatesCd2AZ
IRS990ScheduleG/LicensedStatesCd3AR
IRS990ScheduleG/LicensedStatesCd4CA
IRS990ScheduleG/LicensedStatesCd5CO
IRS990ScheduleG/LicensedStatesCd6CT
IRS990ScheduleG/LicensedStatesCd7DE
IRS990ScheduleG/LicensedStatesCd8FL
IRS990ScheduleG/LicensedStatesCd9GA
IRS990ScheduleG/LicensedStatesCd10HI
IRS990ScheduleG/LicensedStatesCd11ID
IRS990ScheduleG/LicensedStatesCd12IL
IRS990ScheduleG/LicensedStatesCd13IN
IRS990ScheduleG/LicensedStatesCd14IA
IRS990ScheduleG/LicensedStatesCd15KS
IRS990ScheduleG/LicensedStatesCd16KY
IRS990ScheduleG/LicensedStatesCd17LA
IRS990ScheduleG/LicensedStatesCd18ME
IRS990ScheduleG/LicensedStatesCd19MD
IRS990ScheduleG/LicensedStatesCd20MA
IRS990ScheduleG/LicensedStatesCd21MI
IRS990ScheduleG/LicensedStatesCd22MN
IRS990ScheduleG/LicensedStatesCd23MS
IRS990ScheduleG/LicensedStatesCd24MO
IRS990ScheduleG/LicensedStatesCd25MT
IRS990ScheduleG/LicensedStatesCd26NE
IRS990ScheduleG/LicensedStatesCd27NV
IRS990ScheduleG/LicensedStatesCd28NH
IRS990ScheduleG/LicensedStatesCd29NJ
IRS990ScheduleG/LicensedStatesCd30NM
IRS990ScheduleG/LicensedStatesCd31NY
IRS990ScheduleG/LicensedStatesCd32NC
IRS990ScheduleG/LicensedStatesCd33ND
IRS990ScheduleG/LicensedStatesCd34OH
IRS990ScheduleG/LicensedStatesCd35OK
IRS990ScheduleG/LicensedStatesCd36OR
IRS990ScheduleG/LicensedStatesCd37PA
IRS990ScheduleG/LicensedStatesCd38RI
IRS990ScheduleG/LicensedStatesCd39SC
IRS990ScheduleG/LicensedStatesCd40SD
IRS990ScheduleG/LicensedStatesCd41TN
IRS990ScheduleG/LicensedStatesCd42TX
IRS990ScheduleG/LicensedStatesCd43UT
IRS990ScheduleG/LicensedStatesCd44VT
IRS990ScheduleG/LicensedStatesCd45VA
IRS990ScheduleG/LicensedStatesCd46WA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,762,018
Liabilities
$59,149
Net assets
$1,702,869
Revenue
$1,240,856
Expenses
$600,939
Net income
$639,917
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