Civic Intelligence

The Founders Fund Inc

990 • Fiscal year 2020 • EIN 65-0327093

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 18, 2020

707 Gulf Park DriveNaples, FL 34108

(239) 593-0124

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

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

Liabilities / Revenue

15th percentile

0.00x

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

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

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

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

Asset Growth

51st percentile

6.5%

Faster asset growth than 51% of similar nonprofits.

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

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

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

Assets

Up

$2,303,638

Up $139,859 (+6.5%) from 2019

Net Assets

Up

$2,303,638

Up $139,859 (+6.5%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$408,703

Up $51,341 (+14%) from 2019

Expenses

Down

$275,985

Down $118,331 (-30%) from 2019

Net Income

Up

$132,718

Up $169,672 (+459%) from 2019

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

2020

Assets$2,303,638
Liabilities$0
Net Assets$2,303,638

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

2020

Revenue$408,703
Expenses$275,985
Net Income$132,718
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 18, 2020
Return Version
2019v5.1
Gross Receipts
$408,703
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$1,756,577$1,817,869▲ $61,292
Cash and Non-Interest-Bearing Accounts$195,146$272,810▲ $77,664
Savings and Temporary Cash Investments$212,056$212,959▲ $903
Total Assets$2,163,779$2,303,638▲ $139,859
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,163,779$2,303,638▲ $139,859
Total Net Assets Fund Balance$2,163,779$2,303,638▲ $139,859
Total Liabilities and Net Assets / Fund Balance$2,163,779$2,303,638▲ $139,859

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,756,576$20,395▲ $40,898-$1,817,869
2018$1,515,270$140,276▲ $101,030-$1,756,576
2017$704,218$746,800▲ $64,252-$1,515,270
2016$326,371$325,000▲ $52,847-$704,218
2015$0$320,025▲ $6,346-$326,371
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam CrescenziChairman
Bob TyreTrustee
Cindy SchappertTrustee
Dawson TaylorTrustee
Elba RodburgTrustee
George ThomasTrustee
Jim O'BrienTrustee
John LordTrustee
Michele FarrellTrustee
Pat ChadwickTrustee
Phil LeoneTrustee
Rich GaleTrustee
Sue LuconiTrustee
Sue McNaghtenTrustee
Susan BrownTrustee
Ted SwanTrustee
Paul DuncanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$373,946
Program Service Revenue
$0
Investment Income
$34,757
Other Revenue
$0
All Other Contributions
$373,946
Change in Net Assets
$132,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$178,810
Other Expenses$97,175
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$178,810--$178,810
Fees for Services Accounting$0$51,658$0$51,658
Information Technology$0$20,354$0$20,354
Office Expenses$0$6,942$0$6,942
Advertising$0$4,515$0$4,515
Conferences and Meetings$0$1,618$0$1,618
Other Expenses$0$960$0$960
Insurance$0$837$0$837
Total Functional Expenses$178,810$97,175$0$275,985
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
Backup withholding compliance
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
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
2395930124
Address
707 GULF PARK DRIVE, NAPLES, FL 34108
Doing Business As
The Founders Scholarship Fund

Signing Officer

Name
Paul Duncan
Title
Treasurer
Phone
2395930124
Signed
2020-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Duncan
Formed
1991
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
30

Preparer

Firm
SCHMITT & KAYLOR CPA'S
Address
PO BOX 608, LA PORTE, IN 46352-0608
Preparer
Ken Kaylor
Phone
2393706868
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

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/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Paul Duncan
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0307200
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0326650
IRS990/PYInvestmentIncomeAmt050162
IRS990/PYOtherExpensesAmt067666
IRS990/PYRevenuesLessExpensesAmt0-36954
IRS990/PYTotalExpensesAmt0394316
IRS990/PYTotalRevenueAmt0357362
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0132718
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212056
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0212959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0373946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0307200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01357201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0299577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0698093
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03036017
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt034699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010776
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01430
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0105810
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65570
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.63520
IRS990ScheduleA/PublicSupportTotal170Amt02059991
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0976026
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0373946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0307200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01357201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0299577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0698093
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03036017
IRS990ScheduleA/TotalSupportAmt03141827
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/CYEndwmtFundGrp/BeginningYearBalanceAmt01756576
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt020395
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01817869
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt040898
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01515270
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0140276
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01756576
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101030
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0704218
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0746800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01515270
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt064252
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0326371
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0325000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0704218
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt052847
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0320025
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0326371
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06346
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0178810
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Education scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0101
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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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 Park Drive
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Naples
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd034108
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false

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