Civic Intelligence

The Ihg Foundation (Us) Inc

990 • Fiscal year 2019 • EIN 81-0877347

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 19, 2020

3 RAVINIA DR Suite STE 100Atlanta, GA 30346

(770) 604-2000

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

2nd percentile

-322%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-96%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-85%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$3,659

Down $85,283 (-96%) from 2018

Net Assets

Down

$3,659

Down $85,283 (-96%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$26,519

Down $151,492 (-85%) from 2018

Expenses

Down

$111,802

Down $285,422 (-72%) from 2018

Net Income

Up

-$85,283

Up $133,930 (+61%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $1Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $412,876Liabilities 2016: $0Net Assets 2016: $412,8762016Assets 2017: $299,232Liabilities 2017: $0Net Assets 2017: $299,2322017Assets 2018: $88,942Liabilities 2018: $0Net Assets 2018: $88,9422018Assets 2019: $3,659Liabilities 2019: $0Net Assets 2019: $3,6592019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $172,844Liabilities 2021: $0Net Assets 2021: $172,8442021Assets 2022: $120,514Liabilities 2022: $0Net Assets 2022: $120,5142022Assets 2023: $100,114Liabilities 2023: $0Net Assets 2023: $100,1142023Assets 2024: $13,015Liabilities 2024: $0Net Assets 2024: $13,0152024

Highlighted filing

2019

Assets$3,659
Liabilities$0
Net Assets$3,659

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $606,965Expenses 2016: $194,089Net Income 2016: $412,8762016Revenue 2017: $454,596Expenses 2017: $568,240Net Income 2017: -$113,6442017Revenue 2018: $178,011Expenses 2018: $397,224Net Income 2018: -$219,2132018Revenue 2019: $26,519Expenses 2019: $111,802Net Income 2019: -$85,2832019Revenue 2020: $936Expenses 2020: $4,595Net Income 2020: -$3,6592020Revenue 2021: $172,844Expenses 2021: $0Net Income 2021: $172,8442021Revenue 2022: $25,720Expenses 2022: $78,050Net Income 2022: -$52,3302022Revenue 2023: $0Expenses 2023: $20,400Net Income 2023: -$20,4002023Revenue 2024: $0Expenses 2024: $87,099Net Income 2024: -$87,0992024

Highlighted filing

2019

Revenue$26,519
Expenses$111,802
Net Income-$85,283
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 19, 2020
Return Version
2019v5.1
Gross Receipts
$26,519
Mission and Program Overview

Mission

The foundation helps set the foundations for stronger, healthier, more prosperous communities around the world.

Officially launched in 2016, the Foundation helps set the foundations for stronger, healthier, more prosperous communities around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$88,942$3,659▼ $85,283
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$88,942$3,659▼ $85,283
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,942$3,659▼ $85,283
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$88,942$3,659▼ $85,283
Total Liabilities and Net Assets / Fund Balance$88,942$3,659▼ $85,283
Compensation and Service Providers

Board Members and Trustees

NameTitle
Emma CorcoranPresident & Treasurer
Lindsay WilkinsonDirector
Beth Anne StanfordSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$26,519
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$26,519
Change in Net Assets
$-85,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$100,000
Other Expenses$11,802
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$100,000--$100,000
Fees for Services Accounting-$5,410-$5,410
Office Expenses-$4,939-$4,939
Fees for Services Legal-$1,138-$1,138
Other Expenses-$315-$315
Total Functional Expenses$100,000$11,802$0$111,802
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Westside Future FundAtlanta, GA501(c)(3)Support$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Ihg Foundation (us) Inc
EIN
81-0877347
In Care Of
% BETH ANNE STANFORD
Phone
7706042000
Address
3 RAVINIA DR Suite STE 100, ATLANTA, GA 30346

Signing Officer

Name
Beth Anne Stanford
Title
Secretary
Phone
7706042000
Signed
2020-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emma Corcoran
Formed
2015
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
8

Preparer

Firm
Bdo USA Llp
Address
1100 Peachtree Street Suite 700, ATLANTA, GA 30309-4516
Preparer
Sandra L Feinsmith
Phone
4046886841
Supplemental Narrative

Additional Explanations

Policies-review of Form 990

Form 990, Part VI, Section B, Question 11 The Form 990 was prepared by a public accounting firm with input from the IHG staff managing the Foundation. A draft copy was reviewed by key staff and the Secretary. Each person individually reviewed the Form and changes were submitted to the tax preparer. The final return was reviewed and approved by the Secretary. A complete copy is provided to the full Board for review prior to filing. The final filed Form 990 is made available to the public UPON REQUEST AND IS ALSO AVAILABLE ON ANOTHER WEBSITE CALLED GUIDESTAR.

Disclosure

Form 990, Part VI, section c, question 19 IF THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE SUBJECT TO APPLICABLE FEDERAL OR STATE PUBLIC DISCLOSURE REQUIREMENTS, THOSE DOCUMENTS WILL BE MADE AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF THE ORGANIZATION'S MANAGEMENT.

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IRS990ScheduleI/RecipientTable/RecipientEIN0473015082
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IHG staff that manages the Foundation provides oversight of each project grant through required project report updates at the midpoint and at the conclusion of the project. With each project, there are agreed timelines and deliverables to ensure beneficiaries are meeting the intended outcomes and objectives of reports.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section B, Question 11 The Form 990 was prepared by a public accounting firm with input from the IHG staff managing the Foundation. A draft copy was reviewed by key staff and the Secretary. Each person individually reviewed the Form and changes were submitted to the tax preparer. The final return was reviewed and approved by the Secretary. A complete copy is provided to the full Board for review prior to filing. The final filed Form 990 is made available to the public UPON REQUEST AND IS ALSO AVAILABLE ON ANOTHER WEBSITE CALLED GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, section c, question 19 IF THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE SUBJECT TO APPLICABLE FEDERAL OR STATE PUBLIC DISCLOSURE REQUIREMENTS, THOSE DOCUMENTS WILL BE MADE AVAILABLE AS APPLICABLE LAW MAY REQUIRE. OTHERWISE, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WILL BE PROVIDED TO THE PUBLIC AT THE DISCRETION OF THE ORGANIZATION'S MANAGEMENT.
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETH ANNE STANFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum07706042000
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE IHG FOUNDATION (US) INC
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