Civic Intelligence

Alex Rovello Memorial Foundation

990EZ • Fiscal year 2019 • EIN 81-1069257

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

4207 SE Woodstock Blvd 135Portland, OR 97206

(503) 515-9468

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

92nd percentile

51%

Higher net margin than 92% 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

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

12th percentile

-43%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Up

$154,941

Up $27,045 (+21%) from 2018

Net Assets

Up

$154,941

Up $27,045 (+21%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$30,669

Down $22,758 (-43%) from 2018

Expenses

Down

$14,904

Down $22,108 (-60%) from 2018

Net Income

Down

$15,765

Down $650 (-4.0%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $113,677Net Assets 2016: $113,6772016Assets 2017: $113,006Net Assets 2017: $113,0062017Assets 2018: $127,896Net Assets 2018: $127,8962018Assets 2019: $154,941Net Assets 2019: $154,9412019Assets 2020: $188,048Net Assets 2020: $188,0482020Assets 2021: $233,760Net Assets 2021: $233,7602021Assets 2023: $264,518Liabilities 2023: $02023

Highlighted filing

2019

Assets$154,941
Liabilities-
Net Assets$154,941

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $118,318Expenses 2016: $4,641Net Income 2016: $113,6772016Revenue 2017: $29,236Expenses 2017: $29,907Net Income 2017: -$6712017Revenue 2018: $53,427Expenses 2018: $37,012Net Income 2018: $16,4152018Revenue 2019: $30,669Expenses 2019: $14,904Net Income 2019: $15,7652019Revenue 2020: $39,158Expenses 2020: $14,311Net Income 2020: $24,8472020Revenue 2021: $51,432Expenses 2021: $22,496Net Income 2021: $28,9362021Revenue 2023: $53,052Expenses 2023: $16,947Net Income 2023: $36,1052023

Highlighted filing

2019

Revenue$30,669
Expenses$14,904
Net Income$15,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.0
Gross Receipts
$30,669
Mission and Program Overview

Mission

This alex rovello memorial foundation is formed under chapter 65 of the oregon revised statues (hereinafter referred to as the "oregon nonprofit corporation act") subject to the limitations stated in the articles of incorporation. The purpose of this corporation will be to engage in any lawful activities, none of which are for profit, for which corporations may be organized under the oregon nonprofit corporation act (or its corresponding future provisions). This corporation's primary purpose is for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis, all within the meaning of 501 (c) 3 of the internal revenue code of 1986, as now in effect or as may thereafter be amended (the "code") and the oregon excise tax law of 1929, as set forth in oregon revised statues 317.080.

Program Services

DescriptionGrantsExpenses
TO PROVIDE SUPPORT FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS. NEEDLESS TO SAY, CONTINUAL COURT AND AREA MAINTENANCE IS A CRITICAL ONGOING COST. IT IS ANTICIPATED THAT THE COURTS WILL NEED TO BE RESURFACED IN THREE TO FIVE YEARS AT A COST OF 20,000. THE MANY HOURS WE SPEND CLEANING THE COURTS, YEARLY POWER-WASHING AND A WEEKLY LANDSCAPING SERVICE HAVE EXTENDED THE EXPECTED SEVEN YEAR WEAR PERIOD. ON JUNE 5TH WE BEGAN A NEW TRADITION AT THE COURTS, THE ALEX ROVELLO MEMORIAL AWARD FOR CLEVELAND HIGH SCHOOL'S MOST OUTSTANDING BOY'S TENNIS PLAYER. THE AWARD WAS INITIATED BY CLEVELAND HIGH SCHOOL'S BOY'S TENNIS COACH, ART SHAPIRO. WINNING PLAYERS FROM 2014 THROUGH 2019 WERE RECOGNIZED IN AN ON-COURT CEREMONY. IT IS WORTH NOTING THAT ALEX HAD COACHED SOME OF THESE PLAYERS WHEN HE WORKED AT THE JUNIOR TENNIS PROGRAMS AT REED COLLEGE. TO KEEP OUR CIRCLE OF SUPPORT EXPANDING WE ARE LAUNCHING A NEW INITIATIVE, ALEX ROVELLO MEMORIAL FOUNDATION VOLUNTEERS. A NUMBER OF ACTIVITIES PROPOSED FOR 2020, CLINICS AND DAY EVENTS FOR ALL AGES, WOULD BE ENRICHED WITH HANDS ON SUPPORT.-$9,236
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
GERALYN ROVELLOPresidentPT$0--
JAMES ROVELLOVice PresidePT$0--
ELAINE HARPERSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Alex Rovello Memorial Foundation
EIN
81-1069257
Phone
5035159468
Address
4207 SE WOODSTOCK BLVD 135, PORTLAND, OR 97206

Signing Officer

Name
Geralyn Rovello
Title
President
Phone
5035159468
Signed
2020-05-08
Discuss with paid preparer
Yes

Preparer

Firm
Bgo Cpas
Address
1500 NE IRVING ST STE 440, PORTLAND, OR 97232-4208
Preparer
Ronald D Harmening
Phone
5032331133
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office expenses 799 insurance 1,316 court improvements 65 court maintenance 6,567 court supplies 806 direct mail expense 1,059 donation site fees 122 dues & subscriptions 227 equipment 652 event expenses 892 ocf fees 623 ocf fund expenses 15 postage & shipping 199 taxes & licenses 203 total 13,545

Form 990-ez, Part I, Line 20

Changes in fund balance 11,280

Form 990-ez, Part III

This alex rovello memorial foundation is formed under chapter 65 of the oregon revised statues (hereinafter referred to as the "oregon nonprofit corporation act") subject to the limitations stated in the articles of incorporation. The purpose of this corporation will be to engage in any lawful activities, none of which are for profit, for which corporations may be organized under the oregon nonprofit corporation act (or its corresponding future provisions). This corporation's primary purpose is for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis, all within the meaning of 501 (c) 3 of the internal revenue code of 1986, as now in effect or as may thereafter be amended (the "code") and the oregon excise tax law of 1929, as set forth in oregon revised statues 317.080.

Form 990-ez, Part III, Line 28

To provide support for the care and preservation of the alex rovello memorial courts at berkeley park and to promote, develop and enhance the lifetime sport of tennis. Needless to say, continual court and area maintenance is a critical ongoing cost. It is anticipated that the courts will need to be resurfaced in three to five years at a cost of 20,000. The many hours we spend cleaning the courts, yearly power-washing and a weekly landscaping service have extended the expected seven year wear period. On june 5th we began a new tradition at the courts, the alex rovello memorial award for cleveland high school's most outstanding boy's tennis player. The award was initiated by cleveland high school's boy's tennis coach, art shapiro. Winning players from 2014 through 2019 were recognized in an on-court ceremony. It is worth noting that alex had coached some of these players when he worked at the junior tennis programs at reed college. To keep our circle of support expanding we are launching a new initiative, alex rovello memorial foundation volunteers. A number of activities proposed for 2020, clinics and day events for all ages, would be enriched with hands on support.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE EXPENSES 799 INSURANCE 1,316 COURT IMPROVEMENTS 65 COURT MAINTENANCE 6,567 COURT SUPPLIES 806 DIRECT MAIL EXPENSE 1,059 DONATION SITE FEES 122 DUES & SUBSCRIPTIONS 227 EQUIPMENT 652 EVENT EXPENSES 892 OCF FEES 623 OCF FUND EXPENSES 15 POSTAGE & SHIPPING 199 TAXES & LICENSES 203 TOTAL 13,545
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGES IN FUND BALANCE 11,280
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS ALEX ROVELLO MEMORIAL FOUNDATION IS FORMED UNDER CHAPTER 65 OF THE OREGON REVISED STATUES (HEREINAFTER REFERRED TO AS THE "OREGON NONPROFIT CORPORATION ACT") SUBJECT TO THE LIMITATIONS STATED IN THE ARTICLES OF INCORPORATION. THE PURPOSE OF THIS CORPORATION WILL BE TO ENGAGE IN ANY LAWFUL ACTIVITIES, NONE OF WHICH ARE FOR PROFIT, FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE OREGON NONPROFIT CORPORATION ACT (OR ITS CORRESPONDING FUTURE PROVISIONS). THIS CORPORATION'S PRIMARY PURPOSE IS FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS, ALL WITHIN THE MEANING OF 501 (C) 3 OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN EFFECT OR AS MAY THEREAFTER BE AMENDED (THE "CODE") AND THE OREGON EXCISE TAX LAW OF 1929, AS SET FORTH IN OREGON REVISED STATUES 317.080.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE SUPPORT FOR THE CARE AND PRESERVATION OF THE ALEX ROVELLO MEMORIAL COURTS AT BERKELEY PARK AND TO PROMOTE, DEVELOP AND ENHANCE THE LIFETIME SPORT OF TENNIS. NEEDLESS TO SAY, CONTINUAL COURT AND AREA MAINTENANCE IS A CRITICAL ONGOING COST. IT IS ANTICIPATED THAT THE COURTS WILL NEED TO BE RESURFACED IN THREE TO FIVE YEARS AT A COST OF 20,000. THE MANY HOURS WE SPEND CLEANING THE COURTS, YEARLY POWER-WASHING AND A WEEKLY LANDSCAPING SERVICE HAVE EXTENDED THE EXPECTED SEVEN YEAR WEAR PERIOD. ON JUNE 5TH WE BEGAN A NEW TRADITION AT THE COURTS, THE ALEX ROVELLO MEMORIAL AWARD FOR CLEVELAND HIGH SCHOOL'S MOST OUTSTANDING BOY'S TENNIS PLAYER. THE AWARD WAS INITIATED BY CLEVELAND HIGH SCHOOL'S BOY'S TENNIS COACH, ART SHAPIRO. WINNING PLAYERS FROM 2014 THROUGH 2019 WERE RECOGNIZED IN AN ON-COURT CEREMONY. IT IS WORTH NOTING THAT ALEX HAD COACHED SOME OF THESE PLAYERS WHEN HE WORKED AT THE JUNIOR TENNIS PROGRAMS AT REED COLLEGE. TO KEEP OUR CIRCLE OF SUPPORT EXPANDING WE ARE LAUNCHING A NEW INITIATIVE, ALEX ROVELLO MEMORIAL FOUNDATION VOLUNTEERS. A NUMBER OF ACTIVITIES PROPOSED FOR 2020, CLINICS AND DAY EVENTS FOR ALL AGES, WOULD BE ENRICHED WITH HANDS ON SUPPORT.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
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