Civic Intelligence

Flagship Olympia Foundation

990EZ • Fiscal year 2020 • EIN 81-2506869

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 30, 2021

Organization Profilewww.Flagshipolympia.org
211 S Columbus BlvdPhiladelphia, PA 19106

(215) 413-8655

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

77th percentile

28%

Higher net margin than 77% 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

93rd percentile

198%

Faster asset growth than 93% of similar nonprofits.

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

Revenue Growth

99th percentile

1527%

Faster revenue growth than 99% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$35,693

Up $23,724 (+198%) from 2019

Net Assets

Up

$33,373

Up $31,019 (+1318%) from 2019

Liabilities

Down

$2,320

Down $7,295 (-76%) from 2019

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin77th percentile

Revenue

Up

$111,311

Up $104,470 (+1527%) from 2019

Expenses

Down

$80,292

Down $4,836 (-5.7%) from 2019

Net Income

Up

$31,019

Up $109,306 (+140%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$300K$200K$100K$0-$100KAssets 2016: $216,444Liabilities 2016: $18,068Net Assets 2016: $198,3762016Assets 2017: $131,565Liabilities 2017: $13,418Net Assets 2017: $118,1472017Assets 2018: $81,401Liabilities 2018: $760Net Assets 2018: $80,6412018Assets 2019: $11,969Liabilities 2019: $9,615Net Assets 2019: $2,3542019Assets 2020: $35,693Liabilities 2020: $2,320Net Assets 2020: $33,3732020Assets 2021: $2,999Liabilities 2021: $2,409Net Assets 2021: $5902021Assets 2022: $1,248Liabilities 2022: $4,251Net Assets 2022: -$3,0032022Assets 2023: $94Liabilities 2023: $5,493Net Assets 2023: -$5,3992023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$35,693
Liabilities$2,320
Net Assets$33,373
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$300K$200K$100K$0-$100KRevenue 2016: $216,444Expenses 2016: $18,068Net Income 2016: $198,3762016Revenue 2017: $12,778Expenses 2017: $93,007Net Income 2017: -$80,2292017Revenue 2018: $7,411Expenses 2018: $44,917Net Income 2018: -$37,5062018Revenue 2019: $6,841Expenses 2019: $85,128Net Income 2019: -$78,2872019Revenue 2020: $111,311Expenses 2020: $80,292Net Income 2020: $31,0192020Revenue 2021: $37,005Expenses 2021: $69,788Net Income 2021: -$32,7832021Revenue 2022: $0Expenses 2022: $3,593Net Income 2022: -$3,5932022Revenue 2023: $1Expenses 2023: $2,397Net Income 2023: -$2,3962023Revenue 2024: $0Expenses 2024: $94Net Income 2024: -$942024

Highlighted filing

2020

Revenue$111,311
Expenses$80,292
Net Income$31,019
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 30, 2021
Return Version
2019v5.2
Gross Receipts
$111,311
Mission and Program Overview

Mission

The corporation is dedicated to providing funding for the restoration, preservation, and improvement of the flagship olympia in collaboration with the independence seaport museum.

Program Services

DescriptionGrantsExpenses
Flagship Olympia Foundation focused on raising awareness of the ship's importance while seeking support for the restoration of the ship. Raising awareness includes producing articles for a variety of publications, Sea History, and the National Riflemen being among. Letters of support were garnered from a wide range of interested parties such as the Delaware Riverfront Water Corporation, the Preservation Alliance, and McAllister Towing. The Foundation also worked with consultants to expand our national outreach effort to include congessional and business leaders with the goal of securing future donations.$0$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John BradyPresidentPT$0--
William F McLaughlin JrChair-$0--
Paul Thompson IIISecretary-$0--
Peter H HavensTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Flagship Olympia Foundation
EIN
81-2506869
Phone
2154138655
Address
211 S Columbus Blvd, Philadelphia, PA 19106

Signing Officer

Name
Peter Havens
Title
Treasurer
Phone
2154138655
Signed
2021-03-30
Discuss with paid preparer
Yes

Preparer

Firm
Marcum LLP
Address
1601 Market Street 4th Floor, Philadelphia, PA 19103
Preparer
Thomas Mcglone
Phone
2152972100
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Interest income. Amount: 311.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Office expenses. Amount: 100. Description: Advertising. Amount: 420. Description: Travel. Amount: 227. Total to Form 990-EZ, line 16: 747.”

Form 990-EZ, Part II, Line 26 - Other Liabilities

“Description: Accounts payable. Beg. of Year Amount: 9,615. End of Year Amount: 0. Description: Due to Independence Seaport Museum. Beg. of Year Amount: 0. End of Year Amount: 2,320.”

Raw XML Appendix186 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0John Brady
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Peter H Havens
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The amounts reported for 2016 are based on a short year return for the period 01/01/2017-06/30/2017. The Flagship Olympia Foundation changed from a calendar year to a fiscal year on 01/01/2017. Therefore, a full calendar year return was filed for 12/31/2016 and a short year return for 06/30/2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part III, Short Year Explanation:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt06400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012478
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IRS990ScheduleC/OtherActivitiesInd01
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0The organization paid a lobbyist and a consulting firm to perform various activities including congressional and stakeholder outreach as well as research of relevant topics to support the Foundation.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt078000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest income. Amount: 311.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Office expenses. Amount: 100. Description: Advertising. Amount: 420. Description: Travel. Amount: 227. Total to Form 990-EZ, line 16: 747.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Accounts payable. Beg. of Year Amount: 9,615. End of Year Amount: 0. Description: Due to Independence Seaport Museum. Beg. of Year Amount: 0. End of Year Amount: 2,320.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26 - Other Liabilities
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER HAVENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02154138655
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Flagship Olympia Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FLAG
ReturnHeader/Filer/EIN0812506869
ReturnHeader/Filer/PhoneNum02154138655
ReturnHeader/Filer/USAddress/AddressLine1Txt0211 S Columbus Blvd
ReturnHeader/Filer/USAddress/CityNm0Philadelphia
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019106
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0111986323
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Marcum LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01601 Market Street 4th Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Philadelphia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019103
ReturnHeader/PreparerPersonGrp/PhoneNum02152972100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas Mcglone
ReturnHeader/ReturnTs02021-03-31T07:26:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,693
Liabilities
$2,320
Net assets
$33,373
Revenue
$111,311
Expenses
$80,292
Net income
$31,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.05$0.05$0.00$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.04$0.03$0.00$0.04$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.02$0.01$0.37$0.70$0.33
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.02$0.33$1.11$0.80$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.10$0.02$0.07$0.85$0.78
2018Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.81$0.07$0.45$0.38
2017Summary only. Only limited summary data is available for this year.$1.32$0.13$1.18$0.13$0.93$0.80
2016Detailed filing. Detailed filing data is available for this year.$2.16$0.18$1.98$2.16$0.18$1.98