Civic Intelligence

The Founders Fund Inc

990 • Fiscal year 2017 • EIN 65-0327093

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 15, 2017

707 Gulf Park DriveNaples, FL 34108

(239) 597-1183

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,040,981

Up $116,131 (+13%) from 2016

Net Assets

Up

$1,040,981

Up $116,131 (+13%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$308,320

Down $388,647 (-56%) from 2016

Expenses

Down

$237,614

Down $18,983 (-7.4%) from 2016

Net Income

Down

$70,706

Down $369,664 (-84%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $439,360Liabilities 2012: $0Net Assets 2012: $439,3602012Assets 2013: $403,849Liabilities 2013: $0Net Assets 2013: $403,8492013Assets 2014: $568,044Liabilities 2014: $0Net Assets 2014: $568,0442014Assets 2015: $479,075Liabilities 2015: $0Net Assets 2015: $479,0752015Assets 2016: $924,850Liabilities 2016: $0Net Assets 2016: $924,8502016Assets 2017: $1,040,981Liabilities 2017: $0Net Assets 2017: $1,040,9812017Assets 2018: $2,148,551Liabilities 2018: $0Net Assets 2018: $2,148,5512018Assets 2019: $2,163,779Liabilities 2019: $0Net Assets 2019: $2,163,7792019Assets 2020: $2,303,638Liabilities 2020: $0Net Assets 2020: $2,303,6382020Assets 2021: $2,776,035Liabilities 2021: $0Net Assets 2021: $2,776,0352021Assets 2022: $3,050,133Liabilities 2022: $0Net Assets 2022: $3,050,1332022Assets 2023: $3,048,933Liabilities 2023: $0Net Assets 2023: $3,048,9332023Assets 2024: $3,963,415Liabilities 2024: $0Net Assets 2024: $3,963,4152024Assets 2025: $3,859,080Liabilities 2025: $0Net Assets 2025: $3,859,0802025

Highlighted filing

2017

Assets$1,040,981
Liabilities$0
Net Assets$1,040,981

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $223,0232012Expenses 2013: $272,1702013Revenue 2014: $415,549Expenses 2014: $251,354Net Income 2014: $164,1952014Revenue 2015: $177,917Expenses 2015: $266,886Net Income 2015: -$88,9692015Revenue 2016: $696,967Expenses 2016: $256,597Net Income 2016: $440,3702016Revenue 2017: $308,320Expenses 2017: $237,614Net Income 2017: $70,7062017Revenue 2018: $1,360,451Expenses 2018: $306,207Net Income 2018: $1,054,2442018Revenue 2019: $357,362Expenses 2019: $394,316Net Income 2019: -$36,9542019Revenue 2020: $408,703Expenses 2020: $275,985Net Income 2020: $132,7182020Revenue 2021: $436,533Expenses 2021: $346,403Net Income 2021: $90,1302021Revenue 2022: $1,443,557Expenses 2022: $366,291Net Income 2022: $1,077,2662022Revenue 2023: $295,392Expenses 2023: $482,368Net Income 2023: -$186,9762023Revenue 2024: $1,233,448Expenses 2024: $563,602Net Income 2024: $669,8462024Revenue 2025: $444,845Expenses 2025: $646,482Net Income 2025: -$201,6372025

Highlighted filing

2017

Revenue$308,320
Expenses$237,614
Net Income$70,706
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 15, 2017
Return Version
2016v3.0
Gross Receipts
$308,320
Mission and Program Overview

Mission

The Organization provides student scholarships for post seconday education to individuals of Collier County, Florida, based on merit and need.

The Organization provides student scholarships for post secondary education to individuals of Collier County, Florida, based on merit and need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$706,152-
Savings and Temporary Cash Investments$531,715$211,073▼ $320,642
Cash and Non-Interest-Bearing Accounts$393,135$123,756▼ $269,379
Total Assets$924,850$1,040,981▲ $116,131
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$924,850$1,040,981▲ $116,131
Total Net Assets Fund Balance$924,850$1,040,981▲ $116,131
Total Liabilities and Net Assets / Fund Balance$924,850$1,040,981▲ $116,131

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$326,371$325,000▲ $52,847-$704,218
2015-$320,025▲ $6,346-$326,371
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$299,577
Program Service Revenue
$0
Investment Income
$8,743
Other Revenue
$0
All Other Contributions
$299,577
Change in Net Assets
$70,706

Audited Revenue Reconciliation

Revenue per Audited Statements
$308,320
Revenue Not Reported on Form 990
$45,425
Total Revenue per Audited Statements
$353,745
Total Revenue per Form 990
$308,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$189,000
Other Expenses$48,614
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$189,000--$189,000
Fees for Services Accounting$0$18,904$0$18,904
Information Technology$0$13,932$0$13,932
Conferences and Meetings$0$2,733$0$2,733
Office Expenses$0$2,367$0$2,367
Fees for Services Legal$0$1,290$0$1,290
Other Expenses$0$1,177$0$1,177
All Other Expenses$0$1,057$0$1,057
Total Functional Expenses$189,000$48,614$0$237,614

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,614
Total Expenses per Audited Statements$237,614
Total Expenses per Form 990$237,614
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
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Founders Fund Inc
EIN
65-0327093
Phone
2395971183
Address
707 GULF PARK DRIVE, NAPLES, FL 34108

Signing Officer

Name
Rob Mcnaghten
Title
Chairman
Phone
2395971183
Signed
2017-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Mcnaghten
Formed
1991
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
30

Preparer

Firm
SCHMITT & KAYLOR CPA'S
Address
PO BOX 608, LA PORTE, IN 46352-0608
Preparer
John a Kaylor
Phone
2193621515
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 prepared by accountant then reviewed by Treasurer. Available to trustees upon request.

Pt VI, Line 19

Upon written request addressed to the Board of Trustees, the documents will be made available for pickup or mailed

Pt VI, Line 2

Family relationship between two trustees

Form 990, Part IX, Line 24E

Insurance 1057. 0. 1057. 0.

Financial Statement Notes

Pt V, Line 4

The board designated endowment fund was created to provide funding to cover shortfalls in regular fundraising, provide additional scholarships to deserving students, or increase the level of scholarship grants.

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IRS990/PYOtherExpensesAmt063597
IRS990/PYOtherRevenueAmt0-2556
IRS990/PYRevenuesLessExpensesAmt0440370
IRS990/PYTotalExpensesAmt0256597
IRS990/PYTotalRevenueAmt0696967
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt070706
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0531715
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0211073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0299577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0698093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0177195
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0415166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0236302
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01826333
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01430
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0722
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0382
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0357
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011634
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.81750
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.88340
IRS990ScheduleA/PublicSupportTotal170Amt01502610
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0323723
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0299577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0698093
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0177195
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0415166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0236302
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01826333
IRS990ScheduleA/TotalSupportAmt01837967
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0326371
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0325000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0704218
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt052847
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0320025
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0326371
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06346
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0237614
IRS990ScheduleD/NetUnrealizedGainsInvstAmt045425
IRS990ScheduleD/RevenueNotReportedAmt045425
IRS990ScheduleD/RevenueSubtotalAmt0308320
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The board designated endowment fund was created to provide funding to cover shortfalls in regular fundraising, provide additional scholarships to deserving students, or increase the level of scholarship grants.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 4
IRS990ScheduleD/TotalExpensesPerForm990Amt0237614
IRS990ScheduleD/TotalRevenuePerForm990Amt0308320
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0353745
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237614
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0189000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Education scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt098
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Educational scholarships for college tuition are remitted directly to
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1Educational Institution. Students must provide semester completed
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt2information and grades. Students must maintain minimum grade point
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt3Average. Board of Directors monitors all information.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, col (b)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt III, col (b)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt III, col (b)
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, col (b)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 prepared by accountant then reviewed by Treasurer. Available to trustees upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon written request addressed to the Board of Trustees, the documents will be made available for pickup or mailed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Family relationship between two trustees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance 1057. 0. 1057. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Club Pelican Bay Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0650221331
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Private Country Club
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0707 Gulf Patk Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Naples
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd034108
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.86$0.00$3.86$0.44$0.65$0.20
2024Detailed filing. Detailed filing data is available for this year.$3.96$0.00$3.96$1.23$0.56$0.67
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$0.30$0.48$0.19
2022Detailed filing. Detailed filing data is available for this year.$3.05$0.00$3.05$1.44$0.37$1.08
2021Detailed filing. Detailed filing data is available for this year.$2.78$0.00$2.78$0.44$0.35$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.41$0.28$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.16$0.00$2.16$0.36$0.39$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$1.36$0.31$1.05
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.31$0.24$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.70$0.26$0.44
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.18$0.27$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.42$0.25$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.00$0.44$0.22