Civic Intelligence

Alex Rovello Memorial Foundation

990EZ • Fiscal year 2020 • EIN 81-1069257

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 09, 2021

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

68th percentile

21%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

28%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$188,048

Up $33,107 (+21%) from 2019

Net Assets

Up

$188,048

Up $33,107 (+21%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$39,158

Up $8,489 (+28%) from 2019

Expenses

Down

$14,311

Down $593 (-4.0%) from 2019

Net Income

Up

$24,847

Up $9,082 (+58%) from 2019

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

2020

Assets$188,048
Liabilities-
Net Assets$188,048

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

2020

Revenue$39,158
Expenses$14,311
Net Income$24,847
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 9, 2021
Return Version
2020v4.0
Gross Receipts
$39,158
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. MANY THINGS HAVE CHANGED IN THIS UNPRECEDENTED YEAR OF 2020, BUT WHAT HASN'T IS THE IMPORTANCE OF COMMUNITY. THIS HAS INSPIRED THE MURAL TO RECOGNIZE THOSE WHO MAKE THE ALEX ROVELLO MEMORIAL COURTS POSSIBLE. TENNIS HAS HELPED TO ALLEVIATE SOME OF THE STRESS OF COVID-19. MARCH 23RD WE WERE INSTRUCTED BY PORTLAND PARKS & REC TO LOCK THE TENNIS COURTS. WITHIN A SHORT TIME, WE HAD TO TAKE THE NETS DOWN BECAUSE PEOPLE WERE CLIMBING THE FENCE TO PLAY. AS WE WERE HAVING THE COURTS POWER-WASHED AN EMAIL ARRIVED THAT THE COURTS WOULD REOPEN ON MAY 26TH.THE NETS WENT UP, AND SINCE THEN THE COURTS HAVE BEEN FILLED WITH PLAYERS OF ALL AGES. THE BENCHES AND PICNIC TABLE HAVE PROVIDED RESTING PLACES FOR MANY TO SOCIAL DISTANCE WHILE WATCHING TENNIS. TOGETHER WE ARE LOOKING FORWARD TO BRIGHTER, MORE STABLE DAYS AHEAD IN 2021. NEW CHALLENGES REQUIRE NEW MINDSETS AND FORWARD THINKING AS WE PROVIDE ACTIVITIES FOR THE COMMUNITY. SUMMER OUTDOOR ACTIVITIES WILL BE SCHEDULED FIRST AS WE BECOME ABLE TO HAVE LARGE GROUP GATHERINGS. WITH THE GENEROUS GRANT FROM THE KINSMAN FOUNDATION, WE HOPE TO REBOOK ACOUSTIC ALCHEMY FOR A BENEFIT CONCERT, ONCE LARGE GROUP RESTRICTIONS ARE LIFTED. JUNIOR TENNIS, HIGH SCHOOL CAMPS, CHILDREN'S DAY, A MEN'S OPEN INVITATIONAL, AND A MOVIE NIGHT WERE ALL IN THE PLANS FOR THIS PAST YEAR AND HOPEFULLY WILL BE ALLOWED IN THE UPCOMING NEW YEAR. IN ORDER FOR US TO HONOR OUR MISSION TO CARE FOR AND PRESERVE THE COURTS AND SURROUNDING AREA, MAINTENANCE IS A CRITICAL AND ONGOING COST. WE HAVE SCHEDULED STRUCTURAL REPAIR IN THE SPRING OF THE HITTING BACKBOARD WHICH HAD BEEN DONATED BY PROJECT TENNIS BACKBOARD HEADED BY THE HAWAIIAN TENNIS COUNCIL IN 2014. THE MANY HOURS SPENT CLEANING THE COURTS, YEARLY POWER-WASHING AND WEEKLY LANDSCAPING SERVICE HAVE EXTENDED THE EXPECTED SEVEN-YEAR WEAR PERIOD BEFORE RESURFACING IS NEEDED. WE GREATLY APPRECIATE THOSE WHO DONATED TOWARD THIS FUTURE EXPENSE.-$9,695
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
2021-06-09
Discuss with paid preparer
Yes

Preparer

Firm
Cross Financial
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 supplies 216 computer hardware & software 100 court improvements 3,607 court maintenance 5,042 court supplies 600 direct mail expense 1,470 donation site fees 163 dues & subscriptions 327 equipment 224 event expenses 69 ocf fees 652 postage & shipping 199 taxes & licenses 116 total 12,785

Form 990-ez, Part I, Line 20

Changes in fund balance 8,260

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. Many things have changed in this unprecedented year of 2020, but what hasn't is the importance of community. This has inspired the mural to recognize those who make the alex rovello memorial courts possible. Tennis has helped to alleviate some of the stress of covid-19. March 23rd we were instructed by portland parks & rec to lock the tennis courts. Within a short time, we had to take the nets down because people were climbing the fence to play. As we were having the courts power-washed an email arrived that the courts would reopen on may 26th.the nets went up, and since then the courts have been filled with players of all ages. The benches and picnic table have provided resting places for many to social distance while watching tennis. Together we are looking forward to brighter, more stable days ahead in 2021. New challenges require new mindsets and forward thinking as we provide activities for the community. Summer outdoor activities will be scheduled first as we become able to have large group gatherings. With the generous grant from the kinsman foundation, we hope to rebook acoustic alchemy for a benefit concert, once large group restrictions are lifted. Junior tennis, high school camps, children's day, a men's open invitational, and a movie night were all in the plans for this past year and hopefully will be allowed in the upcoming new year. In order for us to honor our mission to care for and preserve the courts and surrounding area, maintenance is a critical and ongoing cost. We have scheduled structural repair in the spring of the hitting backboard which had been donated by project tennis backboard headed by the hawaiian tennis council in 2014. The many hours spent cleaning the courts, yearly power-washing and weekly landscaping service have extended the expected seven-year wear period before resurfacing is needed. We greatly appreciate those who donated toward this future expense.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE SUPPLIES 216 COMPUTER HARDWARE & SOFTWARE 100 COURT IMPROVEMENTS 3,607 COURT MAINTENANCE 5,042 COURT SUPPLIES 600 DIRECT MAIL EXPENSE 1,470 DONATION SITE FEES 163 DUES & SUBSCRIPTIONS 327 EQUIPMENT 224 EVENT EXPENSES 69 OCF FEES 652 POSTAGE & SHIPPING 199 TAXES & LICENSES 116 TOTAL 12,785
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGES IN FUND BALANCE 8,260
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. MANY THINGS HAVE CHANGED IN THIS UNPRECEDENTED YEAR OF 2020, BUT WHAT HASN'T IS THE IMPORTANCE OF COMMUNITY. THIS HAS INSPIRED THE MURAL TO RECOGNIZE THOSE WHO MAKE THE ALEX ROVELLO MEMORIAL COURTS POSSIBLE. TENNIS HAS HELPED TO ALLEVIATE SOME OF THE STRESS OF COVID-19. MARCH 23RD WE WERE INSTRUCTED BY PORTLAND PARKS & REC TO LOCK THE TENNIS COURTS. WITHIN A SHORT TIME, WE HAD TO TAKE THE NETS DOWN BECAUSE PEOPLE WERE CLIMBING THE FENCE TO PLAY. AS WE WERE HAVING THE COURTS POWER-WASHED AN EMAIL ARRIVED THAT THE COURTS WOULD REOPEN ON MAY 26TH.THE NETS WENT UP, AND SINCE THEN THE COURTS HAVE BEEN FILLED WITH PLAYERS OF ALL AGES. THE BENCHES AND PICNIC TABLE HAVE PROVIDED RESTING PLACES FOR MANY TO SOCIAL DISTANCE WHILE WATCHING TENNIS. TOGETHER WE ARE LOOKING FORWARD TO BRIGHTER, MORE STABLE DAYS AHEAD IN 2021. NEW CHALLENGES REQUIRE NEW MINDSETS AND FORWARD THINKING AS WE PROVIDE ACTIVITIES FOR THE COMMUNITY. SUMMER OUTDOOR ACTIVITIES WILL BE SCHEDULED FIRST AS WE BECOME ABLE TO HAVE LARGE GROUP GATHERINGS. WITH THE GENEROUS GRANT FROM THE KINSMAN FOUNDATION, WE HOPE TO REBOOK ACOUSTIC ALCHEMY FOR A BENEFIT CONCERT, ONCE LARGE GROUP RESTRICTIONS ARE LIFTED. JUNIOR TENNIS, HIGH SCHOOL CAMPS, CHILDREN'S DAY, A MEN'S OPEN INVITATIONAL, AND A MOVIE NIGHT WERE ALL IN THE PLANS FOR THIS PAST YEAR AND HOPEFULLY WILL BE ALLOWED IN THE UPCOMING NEW YEAR. IN ORDER FOR US TO HONOR OUR MISSION TO CARE FOR AND PRESERVE THE COURTS AND SURROUNDING AREA, MAINTENANCE IS A CRITICAL AND ONGOING COST. WE HAVE SCHEDULED STRUCTURAL REPAIR IN THE SPRING OF THE HITTING BACKBOARD WHICH HAD BEEN DONATED BY PROJECT TENNIS BACKBOARD HEADED BY THE HAWAIIAN TENNIS COUNCIL IN 2014. THE MANY HOURS SPENT CLEANING THE COURTS, YEARLY POWER-WASHING AND WEEKLY LANDSCAPING SERVICE HAVE EXTENDED THE EXPECTED SEVEN-YEAR WEAR PERIOD BEFORE RESURFACING IS NEEDED. WE GREATLY APPRECIATE THOSE WHO DONATED TOWARD THIS FUTURE EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
TransferPrsnlBnftContractsDecl/DeclarationDesc0(A) DID THE ORGANIZATION, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT?........NO (B) DID THE ORGANIZATION, DURING THE YEAR, PAY PREMIUMS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT?........NO
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ReturnHeader/Filer/BusinessNameControlTxt0ALEX
ReturnHeader/Filer/EIN0811069257
ReturnHeader/Filer/PhoneNum05035159468
ReturnHeader/Filer/USAddress/AddressLine1Txt04207 SE WOODSTOCK BLVD 135
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097206
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931039125
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CROSS FINANCIAL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01500 NE IRVING ST STE 440
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0972324208
ReturnHeader/PreparerPersonGrp/PhoneNum05032331133
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD D HARMENING
ReturnHeader/ReturnTs02021-06-16T16:56:31-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GERALYN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROVELLO
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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