Civic Intelligence

Wentworth Foundation Inc

990 • Fiscal year 2015 • EIN 74-2877145

Jun 01, 2014 to May 31, 2015 • Filed on Jan 11, 2016

1880 Washington AveLexington, MO 64067

(660) 259-2221

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

1st percentile

-6604%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$139,352

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 116126.7% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

22nd percentile

-6.5%

Faster asset growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$640,966

Down $44,517 (-6.5%) from 2014

Net Assets

Down

$640,966

Down $44,517 (-6.5%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Down

$120

Down $14,560 (-99%) from 2014

Expenses

Down

$8,045

Down $6,946 (-46%) from 2014

Net Income

Down

-$7,925

Down $7,614 (-2448%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,164,961Liabilities 2010: $0Net Assets 2010: $1,164,9612010Assets 2011: $1,087,520Liabilities 2011: $0Net Assets 2011: $1,087,5202011Assets 2012: $755,471Liabilities 2012: $0Net Assets 2012: $755,4712012Assets 2013: $688,177Liabilities 2013: $0Net Assets 2013: $688,1772013Assets 2014: $685,483Liabilities 2014: $0Net Assets 2014: $685,4832014Assets 2015: $640,966Liabilities 2015: $0Net Assets 2015: $640,9662015Assets 2016: $603,193Liabilities 2016: $0Net Assets 2016: $603,1932016Assets 2017: $607,000Liabilities 2017: $0Net Assets 2017: $607,0002017

Highlighted filing

2015

Assets$640,966
Liabilities$0
Net Assets$640,966

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $36,5872010Expenses 2011: $290,2302011Expenses 2012: $8,8722012Expenses 2013: $54,4442013Revenue 2014: $14,680Expenses 2014: $14,991Net Income 2014: -$3112014Revenue 2015: $120Expenses 2015: $8,045Net Income 2015: -$7,9252015Revenue 2016: $136Expenses 2016: $13,286Net Income 2016: -$13,1502016Revenue 2017: $1,106Expenses 2017: $1,049Net Income 2017: $572017

Highlighted filing

2015

Revenue$120
Expenses$8,045
Net Income-$7,925
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$695
Mission and Program Overview

Mission

The organization provides support for wentworth military academy, an educational institution.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$94,888$94,417▼ $471
Investments Other Securities$84,575$49,755▼ $34,820
Investments in Publicly Traded Securities$6,270$4,520▼ $1,750
Total Assets$685,483$640,966▼ $44,517
Other Assets Total$499,750$492,274▼ $7,476
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$329,978$329,978→ $0
Temporarily Rstr Net Assets$355,251$310,988▼ $44,263
Unrestricted Net Assets$254$0▼ $254
Total Net Assets Fund Balance$685,483$640,966▼ $44,517
Total Liabilities and Net Assets / Fund Balance$685,483$640,966▼ $44,517

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$492,274--
Other Securities$49,755--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$416,035-▼ $36,670-$379,365
2013$688,177-▼ $2,638$269,504$416,035
2012$755,471-▼ $14,345$52,949$688,177
2011$1,090,180$14,574▼ $339,564$9,719$755,471
2010$1,162,539$42,685▲ $170,829$285,873$1,090,180
Compensation and Service Providers

Employees

NameTitleOtherTotal
Col Michael LiermanTrustee$139,352$139,352

Board Members and Trustees

NameTitle
Robert HeathChairman
Dale SlunickoTrustee
John GroendykeTrustee
Glenn MillerChief Financial Officer
Thomas SloverTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$120
Other Revenue
$0
Change in Net Assets
$-7,925
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,975
Other Expenses$1,070
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,975--$6,975
Fees for Service Investment Mgmnt Fees-$1,070-$1,070
Total Functional Expenses$6,975$1,070$0$8,045
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wentworth Military AcademyLexington, MO501(c)(3)Funding Provided to Related Organization to Satisfy Student Tuition Assistance and Other Program Related Activities.$6,975
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The organization's officers and board of directors review the form 990.

Form 990, Part VI, Section B, Line 12C

The organization requires officers and directors to annually disclose any conflicts of interest. Officers and directors recuse themselves from any discussion and decision making related to conflicts of interest.

Form 990, Part VI, Section B, Line 15

The organization's board of directors determines officer salaries. Compensation is based on experience, salary history and salary surveys of similar organizations. The salary determination process is documented by the board of directors. There are no officers that received compensation from the organization during the current or prior years.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wentworth Foundation Inc
EIN
74-2877145
Phone
6602592221
Address
1880 WASHINGTON AVE, LEXINGTON, MO 64067

Signing Officer

Name
Glenn Miller
Title
Chief Financial Officer
Phone
6602592221
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Robert Heath
Formed
1998
Legal Domicile
Mo
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
Keller & Owens LLC
Address
10955 LOWELL AVE STE 800, OVERLAND PARK, KS 66210
Preparer
Rich a Bili
Phone
9133383500
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The board of directors is responsible for the selection and review of the auditor and audited financial statements.

Financial Statement Notes

PART V, LINE 4:

Endowment funds of the wentworth foundation are used solely for the purposes of funding the activities of wentworth military academy.

PART X, LINE 2:

The organization has adopted the provisions of fasb asc 740-10 as it might apply to the organization's financial transactions. The organization's policy is to record a liability for any tax position that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position taken by management with respect to the transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of may 31, 2015 and, accordingly, no liability has been accrued.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS OF THE WENTWORTH FOUNDATION ARE USED SOLELY FOR THE PURPOSES OF FUNDING THE ACTIVITIES OF WENTWORTH MILITARY ACADEMY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 AS IT MIGHT APPLY TO THE ORGANIZATION'S FINANCIAL TRANSACTIONS. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO THE TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF MAY 31, 2015 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED.
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUNDING PROVIDED TO RELATED ORGANIZATION TO SATISFY STUDENT TUITION ASSISTANCE AND OTHER PROGRAM RELATED ACTIVITIES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WENTWORTH MILITARY ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0440483220
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01880 WASHINGTON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd064067
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SOLELY GRANTED FUNDS TO THE RELATED PARTY, WENTWORTH MILITARY ACADEMY, AND IT MAINTAINS PROPER SUBSTANTIATION OF THE TRANSACTIONS INVOLVED. SEE SCHEDULE R FOR FURTHER DETAILS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S OFFICERS AND BOARD OF DIRECTORS REVIEW THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES OFFICERS AND DIRECTORS TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. OFFICERS AND DIRECTORS RECUSE THEMSELVES FROM ANY DISCUSSION AND DECISION MAKING RELATED TO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BOARD OF DIRECTORS DETERMINES OFFICER SALARIES. COMPENSATION IS BASED ON EXPERIENCE, SALARY HISTORY AND SALARY SURVEYS OF SIMILAR ORGANIZATIONS. THE SALARY DETERMINATION PROCESS IS DOCUMENTED BY THE BOARD OF DIRECTORS. THERE ARE NO OFFICERS THAT RECEIVED COMPENSATION FROM THE ORGANIZATION DURING THE CURRENT OR PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE SELECTION AND REVIEW OF THE AUDITOR AND AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WENTWORTH MILITARY ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0440483220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01880 WASHINGTON AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEXINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd064067
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0355251
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0310988
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0685483
IRS990/TotalAssetsEOYAmt0640966
IRS990/TotalAssetsGrp/BOYAmt0685483
IRS990/TotalAssetsGrp/EOYAmt0640966
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01070
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06975
IRS990/TotalFunctionalExpensesGrp/TotalAmt08045
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0685483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0640966
IRS990/TotalOtherCompensationAmt04205
IRS990/TotalProgramServiceExpensesAmt06975
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0120
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0685483
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0640966
IRS990/TotReportableCompRltdOrgAmt0135147
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0254
IRS990/UnrestrictedNetAssetsGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01880 WASHINGTON AVE
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd064067
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.WMA.EDU
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06602592221
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WENTWORTH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WENT
ReturnHeader/Filer/EIN0742877145
ReturnHeader/Filer/PhoneNum06602592221
ReturnHeader/Filer/USAddress/AddressLine1Txt01880 WASHINGTON AVE
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd064067
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481195228
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KELLER & OWENS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010955 LOWELL AVE STE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OVERLAND PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd066210
ReturnHeader/PreparerPersonGrp/PhoneNum09133383500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICH A BILI
ReturnHeader/ReturnTs02016-02-15T08:55:11-06:00

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