Civic Intelligence

Chairscholars Foundation Inc

990 • Fiscal year 2016 • EIN 65-0442193

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 30, 2017

Organization Profilewww.chairscholars.org
16127 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

62nd percentile

0.21x

Higher debt load relative to assets than 62% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.94x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

94th percentile

62%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.6%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

1.0%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$1,328,312

Down $8,508 (-0.6%) from 2015

Net Assets

Up

$1,054,758

Up $178,508 (+20%) from 2015

Liabilities

Down

$273,554

Down $187,016 (-41%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin94th percentile

Revenue

Up

$289,570

Up $2,789 (+1.0%) from 2015

Expenses

Up

$111,062

Up $76,176 (+218%) from 2015

Net Income

Down

$178,508

Down $73,387 (-29%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2016

Assets$1,328,312
Liabilities$273,554
Net Assets$1,054,758
Open 2016 Filing

Operations Trend

Revenue Growth45th 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

2016

Revenue$289,570
Expenses$111,062
Net Income$178,508
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 30, 2017
Return Version
2016v3.0
Gross Receipts
$289,570
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
Savings and Temporary Cash Investments$1,176,113$1,167,005▼ $9,108
Cash and Non-Interest-Bearing Accounts$113,394$115,095▲ $1,701
Total Assets$1,336,820$1,328,312▼ $8,508
Other Assets Total$47,313$46,212▼ $1,101
Liabilities
Other Liabilities$460,570$273,554▼ $187,016
Total Liabilities$460,570$273,554▼ $187,016
Net Assets / Fund Balance
Unrestricted Net Assets$876,250$1,054,758▲ $178,508
Total Net Assets Fund Balance$876,250$1,054,758▲ $178,508
Total Liabilities and Net Assets / Fund Balance$1,336,820$1,328,312▼ $8,508

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$46,212--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$47,313---$46,212
2015$48,526---$47,313
2014$34,428-▲ $14,306-$48,526
2013$34,428---$34,428
2012$31,649-▲ $4,605-$34,428
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Hugo KeimPresident
Jay G Trezevant EsqBoard of Trustees
Kristen C BarrettBoard of Trustees
Phillip E CaseyBoard of Trustees
Sharon GrelsamerBoard of Trustees
Rosalma E NimphiusSecretary
Alicia KeimVice Pres/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,125
Program Service Revenue
$69,552
Investment Income
$133,893
Other Revenue
$0
All Other Contributions
$86,125
Change in Net Assets
$178,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$0$4,460$0$4,460
Information Technology$0$1,582$0$1,582
Office Expenses$0$1,445$0$1,445
Other Expenses$0$1,152$0$1,152
Total Functional Expenses$102,298$8,764$0$111,062
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$273,554
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
No
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

Filer Name
ChairScholars Foundation Inc
EIN
65-0442193
Phone
8139260544
Address
16127 Carencia Lane, Odessa, FL 33556

Signing Officer

Name
Hugo a Keim
Title
Executive Director
Phone
8139260544
Signed
2017-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugo a Keim
Formed
1993
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Ellen Fontana CPA LLC
Address
2471 N MCMULLEN BOOTH RD 308, Clearwater, FL 33759
Preparer
Ellen Fontana
Phone
7274310354
Supplemental Narrative

Additional Explanations

Pt III, Line 3

“During 2013, the Organization's Board of Directors voted”

Pt III, Line 3

“to discontinue operations of the organization by”

Pt III, Line 3

“significantly increasing four year tuition commitments”

Pt III, Line 3

“to spend the majority, if not all, cash and investments”

Pt III, Line 3

“in the next four to five years.”

Pt VI, Line 2

“One trustee is the daughter of the President.”

Pt VI, Line 2

“President, Vice President and Treasurer are related.”

Pt VI, Line 11B

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

Pt VI, Line 11B

“prior to filing.”

Pt VI, Line 12C

“Purchasing policy enforces compliance with conflict of”

Pt VI, Line 12C

“interest. The Organization also monitors Board”

Pt VI, Line 12C

“activities.”

Pt VI, Line 15A

“The President of the Organization is not compensated.”

Pt VI, Line 15B

“No other employees or officers are compensated.”

Pt VI, Line 19

“All documents are available upon request.”

Financial Statement Notes

Pt V, Line 4

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

Pt V, Line 4

“charitable purpose.”

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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0244
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt031649
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt034428
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01582
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04605
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046212
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial interest in assets held by others-endowment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0273554
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tuition commitments
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Endowment funds are for the furtherance of Organization's
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1charitable purpose.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 4
IRS990ScheduleD/TotalBookValueOtherAssetsAmt046212
IRS990ScheduleD/TotalLiabilityAmt0273554
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0During 2013, the Organization's Board of Directors voted
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1to discontinue operations of the organization by
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2significantly increasing four year tuition commitments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3to spend the majority, if not all, cash and investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4in the next four to five years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5One trustee is the daughter of the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6President, Vice President and Treasurer are related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 990 is presented to the Board of Trustees for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Purchasing policy enforces compliance with conflict of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10interest. The Organization also monitors Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12The President of the Organization is not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13No other employees or officers are compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14All documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01336820
IRS990/TotalAssetsEOYAmt01328312
IRS990/TotalAssetsGrp/BOYAmt01336820
IRS990/TotalAssetsGrp/EOYAmt01328312
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt086125
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0102298
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111062
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt0460570
IRS990/TotalLiabilitiesEOYAmt0273554
IRS990/TotalLiabilitiesGrp/BOYAmt0460570
IRS990/TotalLiabilitiesGrp/EOYAmt0273554
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0876250
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01054758
IRS990/TotalProgramServiceExpensesAmt0102298
IRS990/TotalProgramServiceRevenueAmt069552
IRS990/TotalRevenueGrp/ExclusionAmt0133893
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt069552
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289570
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01336820
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01328312
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0876250
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01054758
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016101 Carencia Lane
IRS990/USAddress/CityNm0Odessa
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033556
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.chairscholars.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGO A KEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08139260544
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ChairScholars Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0CHAI
ReturnHeader/Filer/EIN0650442193
ReturnHeader/Filer/PhoneNum08139260544
ReturnHeader/Filer/USAddress/AddressLine1Txt016127 Carencia Lane
ReturnHeader/Filer/USAddress/CityNm0Odessa
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033556
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId061A3E5492C278DD356D4202897EBFB2D2333ED0C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId061A3E5492C278DD356D4202897EBFB2D2333ED0C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.144.31.186
ReturnHeader/FilingSecurityInformation/IPDt02017-09-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,328,312
Liabilities
$273,554
Net assets
$1,054,758
Revenue
$289,570
Expenses
$111,062
Net income
$178,508
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
2016Detailed filing. Detailed filing data is available for this year.$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