Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Foundation for Thought & Ethics
990EZ • Fiscal year 2016 • EIN 75-1744350
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
3rd percentile
Higher net margin than 3% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $408,211 (-100%) from 2015
Net Assets
Down$0
Down $307,925 (-100%) from 2015
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$191,501
Up $28,513 (+17%) from 2015
Expenses
Up$499,426
Up $323,883 (+185%) from 2015
Net Income
Down-$307,925
Down $295,370 (-2353%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2015 to Sep 30, 2016
- Signed
- Feb 11, 2017
- Return Version
- 2015v3.0
- Gross Receipts
- $195,018
Mission and Program Overview
Mission
Restore and expand the freedom to learn to young people
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Foundation for Thought Ethics promotes and publishes textbooks which emphasize positive virtues, scientific discovery, worldview, morality, and conscience. | $71,417 | $147,628 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jon A Buell | President | FT | $0 | - | - |
| John Foster | Treasurer | - | $0 | - | - |
| Boone Powell | Chairman | - | $0 | - | - |
| Hon Mack Crenshaw | Director | - | $0 | - | - |
| JB Featherston | Director | - | $0 | - | - |
| Jerry Ridnour | Director | - | $0 | - | - |
| Patricia Ridnour | Director | - | $0 | - | - |
| Peggy Powell | Director | - | $0 | - | - |
| Gene Short | Director | - | $0 | - | - |
| John Walkup | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Foundation for Thought & Ethics
- EIN
- 75-1744350
- Phone
- 9726611661
- Address
- PO Box 830721, Richardson, TX 75083-0721
Signing Officer
- Name
- Jon Buell
- Title
- President
- Signed
- 2017-02-11
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Schnaufer & Walker Pc
- Address
- 2695 VILLA CREEK 268, DALLAS, TX 75234
- Preparer
- David Schnaufer CPA
- Phone
- 9727982046
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 10, Grants Paid
“Activity Contribution of cash and inventory, Grantee Discovery Institute, Cash Grant 22,392, Relationship”
Form 990-EZ, Part I, Line 10, Grants Paid
“Activity Contribution of cash and inventory, Grantee Discovery Institute, Relationship , Description of Property Inventory, Purpose of Payment , Book Value 49,025, Method Used to Determine BV purchase price, Fair Market Value 49,025, Method Used to Determine FMV purchase price, Date Received”
Form 990-EZ, Part I, Line 16, Other Expenses
“Travel 925”
Form 990-EZ, Part I, Line 16, Other Expenses
“Interest 54”
Form 990-EZ, Part I, Line 16, Other Expenses
“Supplies 722”
Form 990-EZ, Part I, Line 16, Other Expenses
“Telephone 1,009”
Form 990-EZ, Part I, Line 16, Other Expenses
“Refunds 1,153”
Form 990-EZ, Part I, Line 16, Other Expenses
“Bank fees 1,520”
Form 990-EZ, Part I, Line 16, Other Expenses
“Dues and subscriptions 1,207”
Form 990-EZ, Part I, Line 16, Other Expenses
“Insurance 1,114”
Form 990-EZ, Part I, Line 16, Other Expenses
“Marketing 4,402”
Form 990-EZ, Part I, Line 16, Other Expenses
“Miscellanous 2,232”
Form 990-EZ, Part I, Line 16, Other Expenses
“Payroll taxes 3,158”
Form 990-EZ, Part I, Line 16, Other Expenses
“Loss on disposal of intangible assets 326,395”
Form 990-EZ, Part II, Line 24, Other Assets
“Accounts receivable Beginning of year 641, End of year 0”
Form 990-EZ, Part II, Line 24, Other Assets
“Artistic related intangible assets Beginning of year 346,395, End of year 0”
Form 990-EZ, Part II, Line 24, Other Assets
“Inventory Beginning of year 57,860, End of year 0”
Form 990-EZ, Part II, Line 26, Liabilities
“Accounts payable Beginning of year 605, End of year 0”
Form 990-EZ, Part II, Line 26, Liabilities
“Payroll tax liabilities Beginning of year 9,813, End of year 0”
Form 990-EZ, Part II, Line 26, Liabilities
“Accrued payroll expense Beginning of year 89,868, End of year 0”
Raw XML Appendix245 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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| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | true |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 404896 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 343891 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Restore and expand the freedom to learn to young people |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 7358 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Foundation for Thought Ethics promotes and publishes textbooks which emphasize positive virtues, scientific discovery, worldview, morality, and conscience. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 71417 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 147628 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 50759 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TX |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 100286 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 499426 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 147628 |
| IRS990EZ/TotalRevenueAmt | 0 | 191501 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.fteonline.com |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 204498 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 151908 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 173727 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 878394 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 13 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 13 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 110596 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.87310 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.94040 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 766935 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 111459 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 204498 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 175624 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 878394 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 878407 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 1 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 2 | Inventory of books and audios |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 0 | Discovery Institute |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 1 | Discovery Institute |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt | 2 | Discovery Institute |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2016-04-29 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 1 | 2016-09-13 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 2 | 2016-09-30 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 1 | 7742 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 1 | Cash |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 2 | Book value |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 15455 Dallas Parkway Ste 600 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 1 | 15455 Dallas Parkway Ste 600 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 1 | Addison |
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| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Contribution of cash and inventory, Grantee Discovery Institute, Cash Grant 22,392, Relationship |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Contribution of cash and inventory, Grantee Discovery Institute, Relationship , Description of Property Inventory, Purpose of Payment , Book Value 49,025, Method Used to Determine BV purchase price, Fair Market Value 49,025, Method Used to Determine FMV purchase price, Date Received |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel 925 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Interest 54 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Supplies 722 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Telephone 1,009 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Refunds 1,153 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Bank fees 1,520 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Dues and subscriptions 1,207 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Insurance 1,114 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Marketing 4,402 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Miscellanous 2,232 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Payroll taxes 3,158 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Loss on disposal of intangible assets 326,395 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Accounts receivable Beginning of year 641, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Artistic related intangible assets Beginning of year 346,395, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Inventory Beginning of year 57,860, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | Accounts payable Beginning of year 605, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | Payroll tax liabilities Beginning of year 9,813, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | Accrued payroll expense Beginning of year 89,868, End of year 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 10, Grants Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 10, Grants Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990-EZ, Part I, Line 16, Other Expenses |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Form 990-EZ, Part II, Line 24, Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Form 990-EZ, Part II, Line 24, Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Form 990-EZ, Part II, Line 24, Other Assets |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Form 990-EZ, Part II, Line 26, Liabilities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Form 990-EZ, Part II, Line 26, Liabilities |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Form 990-EZ, Part II, Line 26, Liabilities |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jon Buell |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-02-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Foundation for Thought & Ethics |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FOUN |
| ReturnHeader/Filer/EIN | 0 | 751744350 |
| ReturnHeader/Filer/PhoneNum | 0 | 9726611661 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 830721 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Richardson |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 750830721 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHNAUFER & WALKER PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2695 VILLA CREEK 268 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | DALLAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75234 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9727982046 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-02-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID SCHNAUFER CPA |
| ReturnHeader/ReturnTs | 0 | 2017-02-11T09:06:11-00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-10-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-09-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- -
- Net assets
- $0
- Revenue
- $191,501
- Expenses
- $499,426
- Net income
- -$307,925