Civic Intelligence

Chairscholars Foundation Inc

990 • Fiscal year 2013 • EIN 65-0442193

Jan 01, 2013 to Dec 31, 2013 • Filed on Jun 12, 2014

Organization Profilewww.chairscholars.org
16101 Carencia LaneOdessa, FL 33556

(813) 926-0544

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.62x

Higher debt load relative to assets than 82% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

94th percentile

4.08x

Higher debt load relative to revenue than 94% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

2nd percentile

-150%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

23rd percentile

-8.6%

Faster revenue growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$2,109,769

Down $430,688 (-17%) from 2012

Net Assets

Down

$794,556

Down $483,451 (-38%) from 2012

Liabilities

Up

$1,315,213

Up $52,763 (+4.2%) from 2012

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin2nd percentile

Revenue

$322,297

No earlier filing loaded for comparison.

Expenses

Down

$805,748

Down $270,088 (-25%) from 2012

Net Income

-$483,451

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,486,309Liabilities 2011: $695,039Net Assets 2011: $1,791,2702011Assets 2012: $2,540,457Liabilities 2012: $1,262,450Net Assets 2012: $1,278,0072012Assets 2013: $2,109,769Liabilities 2013: $1,315,213Net Assets 2013: $794,5562013Assets 2014: $1,623,864Liabilities 2014: $999,409Net Assets 2014: $624,4552014Assets 2015: $1,336,820Liabilities 2015: $460,570Net Assets 2015: $876,2502015Assets 2016: $1,328,312Liabilities 2016: $273,554Net Assets 2016: $1,054,7582016Assets 2017: $823,191Liabilities 2017: $92,375Net Assets 2017: $730,8162017

Highlighted filing

2013

Assets$2,109,769
Liabilities$1,315,213
Net Assets$794,556
Open 2013 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $385,950Expenses 2011: $719,064Net Income 2011: -$333,1142011Expenses 2012: $1,075,8362012Revenue 2013: $322,297Expenses 2013: $805,748Net Income 2013: -$483,4512013Revenue 2014: $268,852Expenses 2014: $734,827Net Income 2014: -$465,9752014Revenue 2015: $286,781Expenses 2015: $34,886Net Income 2015: $251,8952015Revenue 2016: $289,570Expenses 2016: $111,062Net Income 2016: $178,5082016Revenue 2017: $135,481Expenses 2017: $459,423Net Income 2017: -$323,9422017

Highlighted filing

2013

Revenue$322,297
Expenses$805,748
Net Income-$483,451
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Jun 12, 2014
Return Version
2013v3.1
Gross Receipts
$322,297
Mission and Program Overview

Mission

The Organization's primary exempt purpose

The Organization's primary exempt purpose is to provide scholarships to physically challenged persons with financial need to enable them to pursue college or vocational studies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,290,405--
Savings and Temporary Cash Investments$98,020$2,258,375▲ $2,160,355
Investments Other Securities$7,808--
Cash and Non-Interest-Bearing Accounts$109,796$-190,842▼ $300,638
Total Assets$2,540,457$2,109,769▼ $430,688
Other Assets Total$34,428$42,236▲ $7,808
Liabilities
Other Liabilities$1,253,849$1,306,611▲ $52,762
Accounts Payable and Accrued Expenses$8,601$8,602▲ $1
Total Liabilities$1,262,450$1,315,213▲ $52,763
Net Assets / Fund Balance
Unrestricted Net Assets$1,242,007$794,556▼ $447,451
Temporarily Rstr Net Assets$36,000--
Total Net Assets Fund Balance$1,278,007$794,556▼ $483,451
Total Liabilities and Net Assets / Fund Balance$2,540,457$2,109,769▼ $430,688

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,808--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$34,428---$34,428
2012$31,649-▲ $4,605-$34,428
2011$34,364-▼ $997-$31,649
2010$32,329-▲ $3,651-$34,364
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
Hugo KeimPresident
Celeste NorenBoard of Trustees
Jay G Trezevant EsqBoard of Trustees
Joseph LcepelakBoard of Trustees
Kristen C BarrettBoard of Trustees
Phillip E CaseyBoard of Trustees
Sharon GrelsamerBoard of Trustees
Thomas S FrankeBoard of Trustees
Rosalma E NimphiusTreasurer
Alicia KeimVice Pres/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$218,012
Program Service Revenue
$0
Investment Income
$104,245
Other Revenue
$40
All Other Contributions
$218,012
Change in Net Assets
$-483,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$794,014
Salaries, Compensation, and Employee Benefits$11,734
Total Fundraising Expense$1,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$0$12,630$0$12,630
Other Salaries and Wages$0$8,601$0$8,601
Fees for Service Investment Mgmnt Fees$0$6,653$0$6,653
All Other Expenses$445$2,947$0$3,392
Payroll Taxes$0$3,133$0$3,133
Insurance$0$952$0$952
Other Expenses$0$700$0$700
Office Expenses$0$210$0$210
Total Functional Expenses$767,293$36,658$1,797$805,748
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition commitments$1,304,536
Other$2,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
65-0442193
Phone
8139260544

Signing Officer

Name
Hugo a Keim
Title
President
Phone
8139260544
Signed
2014-06-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugo a Keim
Formed
1993
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Preparer
Ellen Fontana
Phone
7274310354
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

“President, Vice President and Treasurer are related.”

Pt VI, Line 2

“One trustee is the daughter of the President.”

Pt VI, Line 11B

“The 990 is presented to the Board of Trustees for”

Pt VI, Line 11B

“review prior to filing.”

Pt VI, Line 12C

“Purchasing policy enforces compliance with conflict of”

Pt VI, Line 12C

“interest. The Organization also monitors Board activities.”

Pt VI, Line 15A

“The President of the Organization is not compensated.”

Pt VI, Line 15B

“Salary comparisons are gathered and the board approves”

Pt VI, Line 15B

“the initial salary. Subsequent raises are approved by the board.”

Pt VI, Line 19

“Financial statements are on the website.”

Pt VI, Line 19

“All documents are available on request.”

Pt III, Line 3

“The Organization's Board of Directors voted to discontinue”

Pt III, Line 3

“operations of the organization by significantly increasing”

Pt III, Line 3

“four year tuition committments during 2013 to spend the majority, if”

Pt III, Line 3

“not all, cash & investments in the next four to five years.”

Form 990, Part IX, Line 24F

“Bank service charges 205. 0. 205. 0. Miscellaneous 1368. 0. 1368. 0. Telephone 338. 0. 338. 0. Printing 342. 0. 342. 0. Festival expense 445. 445. 0. 0. Utilities 694. 0. 694. 0.”

Financial Statement Notes

Pt V Line 4

“Endowment funds are for the furtherance of the Organization's charitable purposes.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02334520
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0104245
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0270060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-64103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0290289
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026721
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0627212
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt040
IRS990ScheduleA/OtherIncome170Grp/TotalAmt040
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78820
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.80100
IRS990ScheduleA/PublicSupportTotal170Amt02334520
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0218012
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0301462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0470699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0425796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0918551
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02334520
IRS990ScheduleA/TotalSupportAmt02961772
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/BeginningYearBalanceAmt034428
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt034428
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0244
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt031649
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt034428
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt01582
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt034364
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt031649
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt01718
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-997
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt032329
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt034364
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt01616
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03651
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt034428
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17808
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial interest in assets held by others-endowment
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Life Insurance
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01304536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tuition commitments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds are for the furtherance of the Organization's charitable purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V Line 4
IRS990ScheduleD/TotalBookValueOtherAssetsAmt042236
IRS990ScheduleD/TotalLiabilityAmt01306611
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President, Vice President and Treasurer are related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1One trustee is the daughter of the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 is presented to the Board of Trustees for
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Purchasing policy enforces compliance with conflict of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5interest. The Organization also monitors Board activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The President of the Organization is not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Salary comparisons are gathered and the board approves
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8the initial salary. Subsequent raises are approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Financial statements are on the website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10All documents are available on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11The Organization's Board of Directors voted to discontinue
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12operations of the organization by significantly increasing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13four year tuition committments during 2013 to spend the majority, if
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14not all, cash & investments in the next four to five years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15BANK SERVICE CHARGES 205. 0. 205. 0. MISCELLANEOUS 1368. 0. 1368. 0. TELEPHONE 338. 0. 338. 0. PRINTING 342. 0. 342. 0. FESTIVAL EXPENSE 445. 445. 0. 0. UTILITIES 694. 0. 694. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt036000
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02109769
IRS990/TotalAssetsGrp/BOYAmt02540457
IRS990/TotalAssetsGrp/EOYAmt02109769
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01797
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036658
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767293
IRS990/TotalFunctionalExpensesGrp/TotalAmt0805748
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,109,769
Liabilities
$1,315,213
Net assets
$794,556
Revenue
$322,297
Expenses
$805,748
Net income
-$483,451
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.09$0.73$0.14$0.46$0.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.27$1.05$0.29$0.11$0.18
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.34$0.46$0.88$0.29$0.03$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.62$1.00$0.62$0.27$0.73$0.47
2013Detailed filing. Detailed filing data is available for this year.$2.11$1.32$0.79$0.32$0.81$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.26$1.28$1.08
2011Summary only. Only limited summary data is available for this year.$2.49$0.70$1.79$0.39$0.72$0.33