Civic Intelligence

Alex Rovello Memorial Foundation

990EZ • Fiscal year 2018 • EIN 81-1069257

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2019

4207 SE Woodstock BlvdPortland, 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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

83%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$127,896

Up $14,890 (+13%) from 2017

Net Assets

Up

$127,896

Up $14,890 (+13%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$53,427

Up $24,191 (+83%) from 2017

Expenses

Up

$37,012

Up $7,105 (+24%) from 2017

Net Income

Up

$16,415

Up $17,086 (+2546%) from 2017

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 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

2018

Assets$127,896
Liabilities-
Net Assets$127,896

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 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

2018

Revenue$53,427
Expenses$37,012
Net Income$16,415
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2019
Return Version
2018v3.1
Gross Receipts
$53,427
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. THE BERKELEY COURTS WERE BUSY ALL YEAR DRAWING OUR COMMUNITY PLAYERS AS WELL AS FOLKS FROM ALL OVER THE CITY AND SURROUNDING AREA. ADDITIONALLY, SUMMER YOUTH TENNIS PROGRAMS WERE HELD AT THE COURTS WITH PORTLAND PARKS & RECREATION COACHES; AND WE WRAPPED UP OUR PROGRAM SEASON BY CELEBRATING OUR YOUTH PLAYERS WITH AN END-OF-SUMMER JAMBOREE. A SERENDIPITOUS SCHEDULE AND OUR PERSONAL LOVE OF THEIR MUSIC BROUGHT THE BAND ACOUSTIC ALCHEMY TO PORTLAND AT THE ALADDIN THEATER FOR A BENEFIT CONCERT THIS SUMMER. THE TERRIFIC MUSICAL EVENING INTRODUCED THE ALEX ROVELLO MEMORIAL FOUNDATION TO MANY NEW FRIENDS AND POTENTIAL TENNIS PLAYERS AT BERKELEY. WE HAD AN ADDED AND VERY SPECIAL GIFT FROM NIKE WHO DESIGNED AND DONATED EVENT T-SHIRTS TO ALL ATTENDING. COURT MAINTENANCE IS A YEAR ROUND ENDEAVOR. WE BEGAN IN SPRING WITH POWER WASHING THE COURTS AND CLEANING THE DRAINS, CRUCIAL TO RETAINING A QUALITY SURFACE. WE CONTINUED TO IMPROVE THE LANDSCAPING WITH PLANTING, WATERING AND MULCHING OF THE FLOWERBEDS AND SHRUBS, ENHANCING THE SETTING FOR VISITORS TO THE COURT AND PARK. THIS SUMMER WE ALSO ADDED A PICNIC TABLE NEXT TO THE SHED AT THE NORTH SIDE OF THE COURTS. FALL SAW THE PRUNING OF THE PIN OAKS OVERHANGING THE COURTS, ENSURING A SAFE PLAYING ENVIRONMENT.-$18,160
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, PORTLAND, OR 97206

Signing Officer

Name
Geralyn Rovello
Title
President
Phone
5035159468
Signed
2019-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Bgo Cpas
Address
1500 NE IRVING ST STE 440, PORTLAND, OR 97232-4208
Preparer
Lisa J Cote
Phone
5032331133
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Acoustic alchemy event cost of goods sold 16,304 expenses office exp. 430 postage and shipping 6 court improvement 5,414 court maintenance 11,581 court supplies 661 donation site fees 193 dues & subscriptions 124 event expense 365 ocf fees 600 taxes & licenses 61 direct mail expense 432 total 36,171

Form 990-ez, Part I, Line 20

Changes in fund balance -1,525 return on investment

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. The berkeley courts were busy all year drawing our community players as well as folks from all over the city and surrounding area. Additionally, summer youth tennis programs were held at the courts with portland parks & recreation coaches; and we wrapped up our program season by celebrating our youth players with an end-of-summer jamboree. A serendipitous schedule and our personal love of their music brought the band acoustic alchemy to portland at the aladdin theater for a benefit concert this summer. The terrific musical evening introduced the alex rovello memorial foundation to many new friends and potential tennis players at berkeley. We had an added and very special gift from nike who designed and donated event t-shirts to all attending. Court maintenance is a year round endeavor. We began in spring with power washing the courts and cleaning the drains, crucial to retaining a quality surface. We continued to improve the landscaping with planting, watering and mulching of the flowerbeds and shrubs, enhancing the setting for visitors to the court and park. This summer we also added a picnic table next to the shed at the north side of the courts. Fall saw the pruning of the pin oaks overhanging the courts, ensuring a safe playing environment.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACOUSTIC ALCHEMY EVENT COST OF GOODS SOLD 16,304 EXPENSES OFFICE EXP. 430 POSTAGE AND SHIPPING 6 COURT IMPROVEMENT 5,414 COURT MAINTENANCE 11,581 COURT SUPPLIES 661 DONATION SITE FEES 193 DUES & SUBSCRIPTIONS 124 EVENT EXPENSE 365 OCF FEES 600 TAXES & LICENSES 61 DIRECT MAIL EXPENSE 432 TOTAL 36,171
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHANGES IN FUND BALANCE -1,525 RETURN ON INVESTMENT
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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. THE BERKELEY COURTS WERE BUSY ALL YEAR DRAWING OUR COMMUNITY PLAYERS AS WELL AS FOLKS FROM ALL OVER THE CITY AND SURROUNDING AREA. ADDITIONALLY, SUMMER YOUTH TENNIS PROGRAMS WERE HELD AT THE COURTS WITH PORTLAND PARKS & RECREATION COACHES; AND WE WRAPPED UP OUR PROGRAM SEASON BY CELEBRATING OUR YOUTH PLAYERS WITH AN END-OF-SUMMER JAMBOREE. A SERENDIPITOUS SCHEDULE AND OUR PERSONAL LOVE OF THEIR MUSIC BROUGHT THE BAND ACOUSTIC ALCHEMY TO PORTLAND AT THE ALADDIN THEATER FOR A BENEFIT CONCERT THIS SUMMER. THE TERRIFIC MUSICAL EVENING INTRODUCED THE ALEX ROVELLO MEMORIAL FOUNDATION TO MANY NEW FRIENDS AND POTENTIAL TENNIS PLAYERS AT BERKELEY. WE HAD AN ADDED AND VERY SPECIAL GIFT FROM NIKE WHO DESIGNED AND DONATED EVENT T-SHIRTS TO ALL ATTENDING. COURT MAINTENANCE IS A YEAR ROUND ENDEAVOR. WE BEGAN IN SPRING WITH POWER WASHING THE COURTS AND CLEANING THE DRAINS, CRUCIAL TO RETAINING A QUALITY SURFACE. WE CONTINUED TO IMPROVE THE LANDSCAPING WITH PLANTING, WATERING AND MULCHING OF THE FLOWERBEDS AND SHRUBS, ENHANCING THE SETTING FOR VISITORS TO THE COURT AND PARK. THIS SUMMER WE ALSO ADDED A PICNIC TABLE NEXT TO THE SHED AT THE NORTH SIDE OF THE COURTS. FALL SAW THE PRUNING OF THE PIN OAKS OVERHANGING THE COURTS, ENSURING A SAFE PLAYING ENVIRONMENT.
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/TaxYr02018

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