Civic Intelligence

Bentley Village Foundation Inc.

990 • Fiscal year 2016 • EIN 81-1204274

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 13, 2017

701 Retreat Drive STE 400Naples, FL 34110

(239) 592-9969

Siviq Scores

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

Liabilities / Assets

70th percentile

0.03x

Higher debt load relative to assets than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$221,238

No earlier filing loaded for comparison.

Net Assets

$213,503

No earlier filing loaded for comparison.

Liabilities

$7,735

No earlier filing loaded for comparison.

Revenue

$238,672

No earlier filing loaded for comparison.

Expenses

$25,169

No earlier filing loaded for comparison.

Net Income

$213,503

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $221,238Liabilities 2016: $7,735Net Assets 2016: $213,5032016Assets 2017: $477,777Liabilities 2017: $5,674Net Assets 2017: $472,1032017Assets 2018: $715,961Liabilities 2018: $6,613Net Assets 2018: $709,3482018Assets 2019: $1,135,372Liabilities 2019: $6,174Net Assets 2019: $1,129,1982019Assets 2020: $1,377,329Liabilities 2020: $12,492Net Assets 2020: $1,364,8372020Assets 2021: $1,877,058Liabilities 2021: $4,040Net Assets 2021: $1,873,0182021Assets 2022: $1,802,678Liabilities 2022: $34,797Net Assets 2022: $1,767,8812022Assets 2023: $2,120,405Liabilities 2023: $12,484Net Assets 2023: $2,107,9212023Assets 2024: $2,585,748Liabilities 2024: $13,197Net Assets 2024: $2,572,5512024

Highlighted filing

2016

Assets$221,238
Liabilities$7,735
Net Assets$213,503

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2016: $238,672Expenses 2016: $25,169Net Income 2016: $213,5032016Revenue 2017: $325,152Expenses 2017: $66,552Net Income 2017: $258,6002017Revenue 2018: $392,636Expenses 2018: $125,436Net Income 2018: $267,2002018Revenue 2019: $504,413Expenses 2019: $177,395Net Income 2019: $327,0182019Revenue 2020: $435,000Expenses 2020: $300,553Net Income 2020: $134,4472020Revenue 2021: $638,965Expenses 2021: $299,764Net Income 2021: $339,2012021Revenue 2022: $506,650Expenses 2022: $361,059Net Income 2022: $145,5912022Revenue 2023: $506,593Expenses 2023: $342,579Net Income 2023: $164,0142023Revenue 2024: $765,062Expenses 2024: $408,754Net Income 2024: $356,3082024

Highlighted filing

2016

Revenue$238,672
Expenses$25,169
Net Income$213,503
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 13, 2017
Return Version
2016v3.0
Gross Receipts
$343,287
Mission and Program Overview

Mission

Mission: To provide competitive scholarships for eligible individuals and to sponsor and/or donate to projects intended to enrich the cultural, intellectual, emotional, or physical interests of the residents of Bentley Village or that advance the interests of the Foundation in the greater Bentley Village community and southwest Florida.

The Foundation is dedicated to enhancing the cultural, intellectual, emotional, and physical well-being of our community through philanthropic programs and educational scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$107,388-
Cash and Non-Interest-Bearing Accounts-$90,174-
Land, Buildings, and Equipment, Net-$3,776-
Total Assets$0$221,238▲ $221,238
Other Assets Total-$19,900-
Liabilities
Accounts Payable and Accrued Expenses-$7,735-
Total Liabilities$0$7,735▲ $7,735
Net Assets / Fund Balance
Unrestricted Net Assets$0$146,945▲ $146,945
Permanently Rstr Net Assets$0$66,558▲ $66,558
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$0$213,503▲ $213,503
Total Liabilities and Net Assets / Fund Balance$0$221,238▲ $221,238

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,776$199$3,975
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Other Assets Org$19,900--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$233,902
Program Service Revenue
$0
Investment Income
$2,181
Other Revenue
$2,589
All Other Contributions
$218,717
Change in Net Assets
$213,503

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$95,207mean value date of receipts
Other Non Cash Contri Table1$19,900Appraisal
Total Noncash Contributions3$115,107-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,634
Grants and Similar Amounts Paid$7,535
Total Fundraising Expense$5,350
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$7,535--$7,535
Fees for Services Other$888$836$1,034$2,758
Insurance$724$1,734-$2,458
Fees for Services Legal-$2,200-$2,200
Office Expenses-$1,646$68$1,714
Other Expenses$381$54$1,238$1,673
Information Technology-$423-$423
Depreciation Depletion$199--$199
Total Functional Expenses$12,234$7,585$5,350$25,169
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Foundation of Collier CountyNaples, FL501(c)(3)Renewable competitive scholarships for qualified Vi at Bentley Village employees or their dependents at accredited colleges, universities, trade schools, or certificate programs. Grant made to Bentley Village Scholarship Fund held at the Community Foundation of Collier County. See 990 Part III 4a.$7,535
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,997
Fundraising Direct Expenses$9,408
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Caribbean Gala 11/16$21,182$11,747$991$10,756
2017 Ball Sponsors$6,000$250$0$250
Total Events$27,182$11,997$9,408$2,589
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The Foundation is governed by a self-perpetuating Board of Trustees with staggered terms. The number of trustees per the Articles of Incorporation shall never be less than five, but may be increased or decreased from the current Board of 11 per the Bylaws.

Form 990, Part VI, Section B, Line 11B

All pages of the 2016 990 subject to public inspection were provided to all Board members.

Form 990, Part VI, Section B, Line 12C

Per Florida statutes and the Foundation's solicitation license, annual declarations of compliance has been secured from all Board members and are on file with the State of Florida.

Form 990, Part VI, Section C, Line 19

Documentation has been made available as required by Florida statutes and is on the Division of Commerce Services website. All of our solicitations disclose our exempt status and charitable registration #CH47269.

Form 990, Part VII, Section A, Line 1A

Horace W Bernton and Murray H Hendel were among the original members of the Board of Trustees. By year end, they were replaced with Ira Hawk and Paul Ciccarelli

Filing and Contact Details

Filer

Filer Name
Bentley Village Foundation Inc
EIN
81-1204274
Phone
2395929969
Address
701 Retreat Drive STE 400, Naples, FL 34110

Signing Officer

Name
Diane McNulty
Title
Treas
Phone
2392540475
Signed
2017-07-13

Organization Details

Principal Officer
Diane V Halas
Formed
2016
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
60
Supplemental Narrative

Additional Explanations

Form 990, Header, Line A

This initial return covers the transactions and activities for 2016 beginning with the Foundation's incorporation on 1/22/16.

Form 990, Part I, Line 6

60 volunteers logged at least 6600 hours during 2016 organizing the entity, securing donations, and fulfilling the Foundation's mission.

Form 990, Part V, Line 1C

No back up withholding was required.

Form 990, Part V, Line 6A

Tickets sold at the November fundraiser clearly indicated the portion of the ticket nondeductible for the refreshments and entertainment. Written confirmation was provided for the sponsorships received in 2016 for the 2017 ball, acknowledging the contribution and stating the portion nondeductible for the entertainment and refreshments.

Form 990, Part V, Line 7A

See explanation for 6a.

Form 990, Part IX, Line 11G

Program Service Exp: Web Design for Scholarship Applications $338, Photographer for Scholar Recognition $550 Mgt & General Exp: Website Design $836 Fundraising Exp: Website Design $1034

Form 990, Part X, Line 27

Contributions to the General Fund are unrestricted and are available for Healthy Aging programs.

Form 990, Part X, Line 29

Contributions to the Scholarship Fund are restricted to the administration and granting of the the Wings Scholarships.

Financial Statement Notes

Schedule D, Part IX

The Foundation secured the donation of a high-quality piano and maintains it for use in the Assisted Living Residence for direct music therapy, resident recreation, and enhancements of the group therapy programs.

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IRS990/Desc0Scholarships: In collaboration with the Community Foundation of Collier County (CFCC--See Sch I), and with funds raised by the Foundation, 11 scholarships of $3,181 each were awarded in December 2016. The recipients were 7 employees and 4 dependents of employees of Vi at Bentley Village, a Naples Continuing Care Retirement Community. All scholarship funds are disbursed from a designated account under the umbrella of the CFCC directly to the learning institution per a written agreement between the CFCC and the Foundation. $7,535 of the funds came from the Foundation and $27,456 came from donations made directly to the CFCC held scholarship fund while the Foundation was waiting on approval of exempt status. Awardees were selected via competitive scholarship scored on a matrix developed cooperatively by the two organizations. Applicants may receive renewals each year until their original course of study is completed.
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IRS990/MissionDesc0Mission: To provide competitive scholarships for eligible individuals and to sponsor and/or donate to projects intended to enrich the cultural, intellectual, emotional, or physical interests of the residents of Bentley Village or that advance the interests of the Foundation in the greater Bentley Village community and southwest Florida.
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IRS990/PrincipalOfficerNm0Diane V Halas
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IRS990/ProgSrvcAccomActy2Grp/Desc0Music Therapy for Memory Care Unit patients of the Bentley Care Center: Working cooperatively with professional staff and students from Florida Gulf Coast University's Music Therapy Program, the Foundation initiated a program to benefit residents with advanced cognitive disorders and those being rehabilitated after serious injuries or an illness. Based on research and consultation, the Foundation determined the new instruments and clinical support needed to provide palliative relief and rehabilitative support to existing programs. A Mac Book Pro computer programmed with downloaded iTunes for individual listening was acquired to reduce individual agitation and provide music and visuals for group music therapy. The Foundation also secured the donation of a high-quality piano and maintains it for use in the Assisted Living Residence for direct music therapy, resident recreation, and enhancements of the group therapy programs.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Art Therapy for the Bentley Care Center & Assisted Living Residence, including both Memory Units: The Foundation procured a variety of art supplies for unit residents in art therapies and patient rehabilitation. The expanded programs had the side benefit of allowing therapy staff to collaborate between the institutions and share their talents and resources. In both centers, the participation with FGCU students provided cross-generational contact and communication, another one of the Foundation goals,
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Vintage Steinway Piano for ALR Music Program
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation secured the donation of a high-quality piano and maintains it for use in the Assisted Living Residence for direct music therapy, resident recreation, and enhancements of the group therapy programs.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part IX
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