Civic Intelligence

Onepulse Foundation Inc

990 • Fiscal year 2019 • EIN 81-3142847

Jan 01, 2019 to Dec 31, 2019 • Filed on May 19, 2020

125 N Luerne CircleOrlando, FL 32801

(407) 775-2436

Siviq Scores

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

Liabilities / Assets

36th percentile

0.06x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$150,289

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

99th percentile

365%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

309%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,212,087

Up $4,877,445 (+365%) from 2018

Net Assets

Up

$5,821,201

Up $4,689,819 (+415%) from 2018

Liabilities

Up

$390,886

Up $187,626 (+92%) from 2018

Revenue

Up

$6,686,739

Up $5,050,879 (+309%) from 2018

Expenses

Up

$2,219,426

Up $1,504,350 (+210%) from 2018

Net Income

Up

$4,467,313

Up $3,546,529 (+385%) from 2018

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $35,586Liabilities 2016: $0Net Assets 2016: $35,5862016Assets 2017: $160,606Liabilities 2017: $4,548Net Assets 2017: $156,0582017Assets 2018: $1,334,642Liabilities 2018: $203,260Net Assets 2018: $1,131,3822018Assets 2019: $6,212,087Liabilities 2019: $390,886Net Assets 2019: $5,821,2012019Assets 2020: $6,463,561Liabilities 2020: $754,291Net Assets 2020: $5,709,2702020Assets 2021: $7,245,432Liabilities 2021: $532,645Net Assets 2021: $6,712,7872021Assets 2022: $6,999,582Liabilities 2022: $1,007,074Net Assets 2022: $5,992,5082022

Highlighted filing

2019

Assets$6,212,087
Liabilities$390,886
Net Assets$5,821,201

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $234,056Expenses 2016: $198,470Net Income 2016: $35,5862016Revenue 2017: $374,538Expenses 2017: $254,066Net Income 2017: $120,4722017Revenue 2018: $1,635,860Expenses 2018: $715,076Net Income 2018: $920,7842018Revenue 2019: $6,686,739Expenses 2019: $2,219,426Net Income 2019: $4,467,3132019Revenue 2020: $3,420,669Expenses 2020: $3,532,600Net Income 2020: -$111,9312020Revenue 2021: $4,897,872Expenses 2021: $3,894,355Net Income 2021: $1,003,5172021Revenue 2022: $2,680,901Expenses 2022: $3,401,180Net Income 2022: -$720,2792022

Highlighted filing

2019

Revenue$6,686,739
Expenses$2,219,426
Net Income$4,467,313
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 19, 2020
Return Version
2019v5.1
Gross Receipts
$6,805,002
Mission and Program Overview

Mission

See schedule o - see reference form 990, part 1, line 1

To create and support a memorial that opens hearts, a museum that opens minds, educational programs that open eyes, and scholarships that open doors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$262,468$3,757,151▲ $3,494,683
Pledges and Grants Receivable$971,006$1,745,616▲ $774,610
Cash and Non-Interest-Bearing Accounts$69,296$314,858▲ $245,562
Savings and Temporary Cash Investments$0$167,450▲ $167,450
Intangible Assets$19,157$17,095▼ $2,062
Inventories for Sale or Use$12,715$16,508▲ $3,793
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,334,642$6,212,087▲ $4,877,445
Other Assets Total$0$193,409▲ $193,409
Liabilities
Mortgage Notes Payable Secured by Investment Property$147,146$221,000▲ $73,854
Accounts Payable and Accrued Expenses$47,809$169,886▲ $122,077
Other Liabilities$8,305$0▼ $8,305
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$203,260$390,886▲ $187,626
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,031,620$5,145,358▲ $4,113,738
Net Assets Without Donor Restrictions$99,762$675,843▲ $576,081
Total Net Assets Fund Balance$1,131,382$5,821,201▲ $4,689,819
Total Liabilities and Net Assets / Fund Balance$1,334,642$6,212,087▲ $4,877,445

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,505,734-$3,505,734
Buildings$213,994$39,066$253,060
Equipment$26,823$12,201$39,024
Leasehold Improvements$10,600$1,400$12,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara Ann PomaCEO & Executive DirectorFT$150,289-$150,289
Leah ShepherdChief Operating OfficerFT$82,066$3,434$85,500
Scott JacksonChief Marketing OfficerFT$40,209$3,216$43,425

Board Members and Trustees

NameTitle
George KalogridisVice Chairman/trustee
Earl CrittendenBoard Chariman/trustee
Kelly LaffermanSecretary/trustee
PATRICK O'DONNELLTreasurer/trustee
Aly BenitezTrustee
Andrew SnyderTrustee
Cathy Brown-butlerTrustee
Chad SchwarzTrustee
Dale HipshTrustee
Guy VickersTrustee
Hilary LewisTrustee
Jason CollinsTrustee
Jason FeltsTrustee
Lance BassTrustee
Mark CosgroveTrustee
Richard LapchickTrustee
Robert MandellTrustee
Sharon HagleTrustee
Vicki BermanTrustee
Yatin PatelTrustee
Yolanda LondonoTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$6,488,435
Program Service Revenue
$3,500
Investment Income
$27,448
Other Revenue
$167,356
All Other Contributions
$2,479,070
Change in Net Assets
$4,467,313

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table44$66,418Fair Market Value (FMV)
Other Non Cash Contri Table200$23,798Fair Market Value (FMV)
Total Noncash Contributions244$90,216-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,686,739
Revenue Not Reported on Form 990
$555,111
Total Revenue per Audited Statements
$7,241,850
Total Revenue per Form 990
$6,686,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,485,172
Salaries, Compensation, and Employee Benefits$682,194
Total Fundraising Expense$148,610
Professional Fundraising Fees$52,060
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$269,696$36,189$32,414$338,299
Current Officers, Directors, Trustees, and Key Employees$212,887$17,567$42,111$272,565
All Other Expenses$240,531$1,894-$242,425
Other Expenses$185,696$287$401$185,696
Information Technology$59,147$24,411-$83,558
Office Expenses$57,112$6,370$8,903$72,385
Fees for Services Professional Fundraising--$52,060$52,060
Payroll Taxes$35,816$3,990$5,531$45,337
Advertising$44,176--$44,176
Depreciation Depletion$28,401$13,745-$42,146
Occupancy$22,862$2,550$3,564$28,976
Other Employee Benefits$20,535$2,287$3,171$25,993
Conferences and Meetings-$23,105-$23,105
Fees for Services Accounting$5,775$17,325-$23,100
Fees for Services Legal-$23,069-$23,069
Fees for Services Other$5,819$3,278$455$9,552
Interest-$4,107-$4,107
Insurance$1,510$265-$1,775
Total Functional Expenses$1,890,377$180,439$148,610$2,219,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,552,031
Expenses per Audited Statements$2,219,426
Total Expenses per Form 990$2,219,426
Expenses Not Reported on Form 990$332,605
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$195,090
Fundraising Direct Expenses$87,281
Professional Fundraising Fees$52,060
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rainbow Run$189,454$189,454$87,000$102,454
Pride Event$3,636$3,636$281$3,355
Total Events$195,090$195,090$87,281$107,809
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kelly LaffermanBoard Secretary (onepulse Foundation) - Cmo (findsome & Winmore)Social Media and WebsiteNo$42,128

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

To serve as chief of staff and chief development officer for the onepulse foundation. Establish company infrastructure, business plan and operations while developing and implementing a comprehensive strategic fundraising plan that launches the initial development efforts for onepulse foundation with the goal of generating an estimated $30,000,000 in capital, program, and general operating contributions before december 31, 2020.

FORM 990, PART VI, SECTION B, LINE 11B:

A draft of Form 990 is presented by independent auditor to management and/or the Audit Committee members for review prior to submission to the IRS. Form 990 is presented to board for approval and provided to all board members after submission to IRS.

FORM 990, PART VI, SECTION B, LINE 12C:

The conflict of interest policy requires conflicts of interest to be disclosed to the board chairman on an ongoing basis for any required action. In addition, the organization has implemented a procedure that requires annually, and at the time of receipt, a copy of the policy that members of the board of trustees, officers, and key employees to affirm, through a signed declaration that advises there are no conflicts of interest or advising there are possibilities which must be discussed and/or disclosed.

FORM 990, PART VI, SECTION B, LINE 15:

Board of trustees reviews comparability data for other ceos and executive directors of similar tax exempt organizations in the area to include annual reviews of ceo.

FORM 990, PART VI, SECTION C, LINE 19:

The organization's governing documents, conflict of interest policy, and a complete copy of its financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Onepulse Foundation Inc
EIN
81-3142847
In Care Of
% BARBARA POMA
Phone
4077752436
Address
125 N LUERNE CIRCLE, ORLANDO, FL 32801

Signing Officer

Name
Barbara Poma
Title
CEO & Exec. Director
Phone
4077752436
Signed
2020-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Poma
Formed
2016
Legal Domicile
Fl
Voting Board Members
22
Independent Board Members
22
Employees
13
Volunteers
169

Preparer

Firm
Withumsmithbrownpc
Address
200 S ORANGE AVESTE 1200, ORLANDO, FL 32801-3400
Preparer
Erik a Halluska CPA
Phone
4078491569
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The independent extrenal audit is part of the foundation's strategic plan and through the guidance of the audit committee, the foundation completed the requirements set forth. Both the board and management have oversight of the audit process.

FORM 990, PART III, LINE 2:

Onepulse academy was established to promote acceptance and inclusion through innovative and reflective learning methods. Onepulse academy will utilize learning activities that facilitate social acceptance, inclusion and positive change. Additionally, evidence-based practices that foster acceptance, inclusion, and change at the individual, group and community levels. Onpulse academy will also offer training for schools, businesses, organizations and communities incorporating activities designed to be interesting, smart and engaging in order to maximize their effectiveness. Promoting acceptance and inclusion through education is the impetus. This will be accomplished through the academy's various programs; education, educational hub, faith council and speaker series.

FORM 990, PART III, LINE 4D:

49 Legacy Scholarships- The onePULSE Foundation will award 49 scholarships annually, each up to $10,000 for use at an accredited institution of higher learning, including career and technical schools. Working with the families and loved ones of those killed, onePULSE Foundation has established the scholarships based on the respective victims interests, careers or aspirations. As an extension of their impact on our world, the scholarships will inspire and empower students who share similar dreams, ambitions and goals. onePULSE will consider many factors when assessing scholarship applicants, including the applicants personal story, financial need or independence, strong academic or self-improvement interest, and proven track record of leadership, community involvement and/or work experience. Preference will be given to applicants who are immediate family members of the 49 victims, as well as all of the survivors of the tragedy. The first scholarships will be awarded for use in the 2020-2021 academic year. onePULSE Academy- onePULSE Academy is the education arm of the onePULSE Foundation. It is committed to promoting acceptance and inclusion through innovative, reflective, experiential learning methods. Its four specific functions are to provide educational programs that facilitate prosocial behavior; educational platforms that promote acceptance and inclusion; educational site tours that create safer learning communities; and an education hub for knowledge and information on social issues. It aims to positively impact social change at the individual, group and community levels. Family Days- Two times a year, onePULSE Foundation hosts victims families and survivors for Family Days, to provide them with quality time to gather together in an uplifting atmosphere, and ultimately, create bonds of support that are crucial to their healing process. Family Day activities include a mix of music, games, food and activities, in a communal environment. In 2019 the Family Days were held at SeaWorld Orlando in March and a carnival theme was enjoyed at the Crowne Plaza Orlando-Downtown in September, to coincide with the Concept Design Viewing. onePULSE Foundation continues to provide resources for mental health counseling and other services at these annual events for those in need. Volunteers- As a nonprofit organization, we understand how valuable our volunteers are to our mission and vision. They are the heart and soul of what we accomplish daily and their impact shows on our Pulse community and the greater Orlando community as well. We thank our 190 volunteers who donated more than 1,200 of their time in 2019 to make a real difference and we invite anyone interested to join us in our efforts.

Form 990 Part IX Line 24 - Other Expenses

Description:memorial operations total expenses:199119 program services:199119

Form 990 Part IX Line 24 - Other Expenses

Description:taxes & licenses total expenses:35243 program services:35243

Form 990 Part IX Line 24 - Other Expenses

Description:employee relations & education total expenses:7573 program services:5679 management and general:1894

Form 990 Part IX Line 24 - Other Expenses

Description:dues & subscriptions total expenses:490 program services:490

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and is classified as an other-than-private foundation within the meaning of the section 509(a) of the internal revenue code. Therefore, no provision for income taxes has been incldued in the financial statements. Management analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported. Additionally, management believes that no accruals for tax liabilities related to uncertain income tax positions are required. Therefore, no reserves for uncertain tax positions have been recorded. When applicable, interest and penalties will be reported as income tax expense.

SCHEDULE D, PART XI, LINE 2D:

Cost of goods related to merchandise sales included on statement of revenue: $30,982

SCHEDULE D, PART XII, LINE 2D:

Cost of goods related to merchandise sales included on statement of revenue: $30,982

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & EXECUTIVE DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF MARKETING OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY/TRUSTEE
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