Civic Intelligence

Chairscholars Foundation Inc

990 • Fiscal year 2017 • EIN 65-0442193

Jan 01, 2017 to Dec 31, 2017 • Filed on May 05, 2018

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

64th percentile

0.11x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

0.68x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-239%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

4th percentile

-38%

Faster asset growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$823,191

Down $505,121 (-38%) from 2016

Net Assets

Down

$730,816

Down $323,942 (-31%) from 2016

Liabilities

Down

$92,375

Down $181,179 (-66%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin1st percentile

Revenue

Down

$135,481

Down $154,089 (-53%) from 2016

Expenses

Up

$459,423

Up $348,361 (+314%) from 2016

Net Income

Down

-$323,942

Down $502,450 (-281%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2017

Assets$823,191
Liabilities$92,375
Net Assets$730,816
Open 2017 Filing

Operations Trend

Revenue Growth4th 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

2017

Revenue$135,481
Expenses$459,423
Net Income-$323,942
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 5, 2018
Return Version
2017v2.2
Gross Receipts
$135,481
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$1,167,005$670,136▼ $496,869
Cash and Non-Interest-Bearing Accounts$115,095$153,055▲ $37,960
Total Assets$1,328,312$823,191▼ $505,121
Other Assets Total$46,212--
Liabilities
Other Liabilities$273,554$92,375▼ $181,179
Total Liabilities$273,554$92,375▼ $181,179
Net Assets / Fund Balance
Unrestricted Net Assets$1,054,758$730,816▼ $323,942
Total Net Assets Fund Balance$1,054,758$730,816▼ $323,942
Total Liabilities and Net Assets / Fund Balance$1,328,312$823,191▼ $505,121

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$46,212-▼ $8,950$37,262-
2016$47,313---$46,212
2015$48,526---$47,313
2014$34,428-▲ $14,306-$48,526
2013$34,428---$34,428
Compensation and Service Providers
Top Officer Pay49th 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
$85,300
Program Service Revenue
$0
Investment Income
$50,181
Other Revenue
$0
All Other Contributions
$85,300
Change in Net Assets
$-323,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$459,423
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
Other Expenses$37,262$0$0$37,262
Fees for Services Accounting$0$4,700$0$4,700
Information Technology$0$453$0$453
Office Expenses$0$141$0$141
Total Functional Expenses$453,297$6,126$0$459,423
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$92,375
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
2018-05-05
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
2451 Mcmullen Booth Road 309, 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 III, Line 3

“The Organization shut down operations in 2018.”

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.”

Raw XML Appendix399 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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/TotalLiabilityAmt092375
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/ExplanationTxt5The Organization shut down operations in 2018.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6One trustee is the daughter of the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7President, Vice President and Treasurer are related.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The 990 is presented to the Board of Trustees for review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Purchasing policy enforces compliance with conflict of
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11interest. The Organization also monitors Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13The President of the Organization is not compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14No other employees or officers are compensated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15All 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 III, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01328312
IRS990/TotalAssetsEOYAmt0823191
IRS990/TotalAssetsGrp/BOYAmt01328312
IRS990/TotalAssetsGrp/EOYAmt0823191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt085300
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06126
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0453297
IRS990/TotalFunctionalExpensesGrp/TotalAmt0459423
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt0273554
IRS990/TotalLiabilitiesEOYAmt092375
IRS990/TotalLiabilitiesGrp/BOYAmt0273554
IRS990/TotalLiabilitiesGrp/EOYAmt092375
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01054758
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0730816
IRS990/TotalProgramServiceExpensesAmt0453297
IRS990/TotalRevenueGrp/ExclusionAmt050181
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135481
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01328312
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0823191
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01054758
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0730816
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGO A KEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08139260544
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-05
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/IPDt02018-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:04:20
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ellen Fontana CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02451 Mcmullen Booth Road 309
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Clearwater
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033759
ReturnHeader/PreparerPersonGrp/PhoneNum07274310354
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELLEN FONTANA
ReturnHeader/ReturnTs02018-08-17T08:04:28-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$823,191
Liabilities
$92,375
Net assets
$730,816
Revenue
$135,481
Expenses
$459,423
Net income
-$323,942
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$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