Civic Intelligence

The Founders Fund Inc

990 • Fiscal year 2022 • EIN 65-0327093

Jul 01, 2021 to Jun 30, 2022 • Filed on Aug 06, 2022

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

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

66th percentile

9.9%

Faster asset growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

96th percentile

231%

Faster revenue growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,050,133

Up $274,098 (+9.9%) from 2021

Net Assets

Up

$3,050,133

Up $274,098 (+9.9%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$1,443,557

Up $1,007,024 (+231%) from 2021

Expenses

Up

$366,291

Up $19,888 (+5.7%) from 2021

Net Income

Up

$1,077,266

Up $987,136 (+1095%) from 2021

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

2022

Assets$3,050,133
Liabilities$0
Net Assets$3,050,133

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

2022

Revenue$1,443,557
Expenses$366,291
Net Income$1,077,266
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Aug 6, 2022
Return Version
2021v4.1
Gross Receipts
$1,540,564
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$2,290,339$1,984,917▼ $305,422
Cash and Non-Interest-Bearing Accounts$477,209$1,056,793▲ $579,584
Savings and Temporary Cash Investments$8,487$8,423▼ $64
Total Assets$2,776,035$3,050,133▲ $274,098
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,751,035$3,025,133▲ $274,098
Net Assets With Donor Restrictions$25,000$25,000→ $0
Total Net Assets Fund Balance$2,776,035$3,050,133▲ $274,098
Total Liabilities and Net Assets / Fund Balance$2,776,035$3,050,133▲ $274,098

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,290,339$10,000▼ $305,422-$1,994,917
2020$1,817,869-▲ $472,470-$2,290,339
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
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$969,589
Program Service Revenue
$0
Investment Income
$498,003
Other Revenue
$-24,035
All Other Contributions
$663,061
Change in Net Assets
$1,077,266
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$247,812
Other Expenses$118,479
Total Fundraising Expense$10,319
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$247,812--$247,812
Fees for Services Accounting$0$69,504$0$69,504
Advertising$0$25,837$0$25,837
Office Expenses$0$4,395$1,925$6,320
Insurance$0$2,982$0$2,982
Other Expenses$0$0$1,384$1,384
Information Technology$0$830$0$830
Total Functional Expenses$247,812$108,160$10,319$366,291
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$97,007
Fundraising Gross Income$72,972
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet/golf$379,500$72,972$23,550$49,422
Total Events$379,500$72,972$97,007$-24,035
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
James O'BRIEN
Title
Treasurer
Phone
2395930124
Signed
2022-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James O'Brien
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
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/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt06320
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0Printing & publications
IRS990/OtherExpensesGrp/Desc1Meetings
IRS990/OtherExpensesGrp/Desc2Signs
IRS990/OtherExpensesGrp/Desc3Other event expenses
IRS990/OtherExpensesGrp/FundraisingAmt05713
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt21297
IRS990/OtherExpensesGrp/FundraisingAmt31384
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02484
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12128
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt08197
IRS990/OtherExpensesGrp/TotalAmt12128
IRS990/OtherExpensesGrp/TotalAmt21297
IRS990/OtherExpensesGrp/TotalAmt31384
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0James O'Brien
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0346198
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0254632
IRS990/PYInvestmentIncomeAmt090335
IRS990/PYOtherExpensesAmt091771
IRS990/PYRevenuesLessExpensesAmt090130
IRS990/PYTotalExpensesAmt0346403
IRS990/PYTotalRevenueAmt0436533
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01077266
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08487
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08423
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0969589
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0346198
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0373946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0307200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01357201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03354134
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0498003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt090335
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt050162
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010776
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0683975
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63880
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.64600
IRS990ScheduleA/PublicSupportTotal170Amt02579611
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0774523
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0969589
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0346198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0373946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0307200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01357201
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03354134
IRS990ScheduleA/TotalSupportAmt04038109
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/BeginningYearBalanceAmt02290339
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01994917
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-305422
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01817869
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02290339
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0472470
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01756576
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt020395
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01817869
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040898
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01515270
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0140276
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01756576
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0101030
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0704218
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0746800
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01515270
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt064252
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0306528
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0306528
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt097007
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Banquet/golf
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt055472
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt055472
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0379500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0379500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt072972
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt072972
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-24035
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt017985
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt017985
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023550
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt023550
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0247812

Document Assets

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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