Civic Intelligence

Funk - Zitiello Foundation

990 • Fiscal year 2018 • EIN 81-3204321

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 06, 2019

830-13 A1a North 187 Suite 13Ponte Vedra Beach, FL 32082

(904) 373-0737

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

65th percentile

10%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

94th percentile

101%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$116,436

Up $58,428 (+101%) from 2017

Net Assets

Up

$116,436

Up $58,428 (+101%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$567,948

Up $101,674 (+22%) from 2017

Expenses

Up

$509,520

Up $56,872 (+13%) from 2017

Net Income

Up

$58,428

Up $44,802 (+329%) from 2017

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2016: $44,382Liabilities 2016: $02016Assets 2017: $58,008Liabilities 2017: $0Net Assets 2017: $58,0082017Assets 2018: $116,436Liabilities 2018: $0Net Assets 2018: $116,4362018Assets 2019: $108,028Liabilities 2019: $0Net Assets 2019: $108,0282019Assets 2020: $95,773Liabilities 2020: $0Net Assets 2020: $95,7732020Assets 2021: $22,784Liabilities 2021: $0Net Assets 2021: $22,7842021Assets 2022: $36,341Liabilities 2022: $0Net Assets 2022: $36,3412022Assets 2023: $24,760Liabilities 2023: $0Net Assets 2023: $24,7602023Assets 2024: $167,484Liabilities 2024: $0Net Assets 2024: $167,4842024

Highlighted filing

2018

Assets$116,436
Liabilities$0
Net Assets$116,436

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $65,086Expenses 2016: $20,704Net Income 2016: $44,3822016Revenue 2017: $466,274Expenses 2017: $452,648Net Income 2017: $13,6262017Revenue 2018: $567,948Expenses 2018: $509,520Net Income 2018: $58,4282018Revenue 2019: $606,362Expenses 2019: $615,477Net Income 2019: -$9,1152019Revenue 2020: $370,016Expenses 2020: $377,293Net Income 2020: -$7,2772020Revenue 2021: $390,918Expenses 2021: $468,178Net Income 2021: -$77,2602021Revenue 2022: $722,781Expenses 2022: $709,224Net Income 2022: $13,5572022Revenue 2023: $548,530Expenses 2023: $560,111Net Income 2023: -$11,5812023Revenue 2024: $148,281Expenses 2024: $8,262Net Income 2024: $140,0192024

Highlighted filing

2018

Revenue$567,948
Expenses$509,520
Net Income$58,428
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 6, 2019
Return Version
2018v3.1
Gross Receipts
$914,714
Mission and Program Overview

Mission

The funk-zitiello foundation was formed in 2016 with the primary purpose of raising funds for two charitable organizations: 1) the jt townsend foundation, a nonprofit organization whose mission is providing hope to the community of people with disabilities by offering financial assistance for adaptive equipment and services that will improve their quality of life; 2) mayo clinic, a nonprofit organization engaged in research and clinical trials. The gifts to mayo are directed towards pancreatic cancer research.

The funk-zitiello foundation was formed to raise funds to support two nonprofit organizations. Donations are made to mayo clinic for pancreatic cancer research and to the jt townsend foundation to support people with disabilities by donating adaptive equipment and other financial assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,008$116,436▲ $58,428
Total Assets$58,008$116,436▲ $58,428
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$58,008$116,436▲ $58,428
Total Net Assets Fund Balance$58,008$116,436▲ $58,428
Total Liabilities and Net Assets / Fund Balance$58,008$116,436▲ $58,428
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred FunkDirector
Judi ZitielloDirector
Louis ZitielloDirector
Sharon FunkDirector
Tommy ZitielloDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$596,939
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-28,991
All Other Contributions
$378,439
Change in Net Assets
$58,428

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table60$192,363Fair Market Value (FMV)
Food Inventory1$20,837Fair Market Value (FMV)
Clothing and Household Goods-$5,300Fair Market Value (FMV)
Other Non Cash Contri Table51$5,100Fair Market Value (FMV)
Total Noncash Contributions112$223,600-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$500,400
Other Expenses$9,120
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$500,400--$500,400
Fees for Services Legal-$1,921-$1,921
Information Technology-$986-$986
Insurance-$798-$798
Office Expenses-$796-$796
Other Expenses-$250-$250
Total Functional Expenses$500,400$9,120$0$509,520
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mayo ClinicRochester, MN501c3Pancreatic Cancer Re$350,000
Jt Townsend FoundationPonte Vedra Beach, FL501c3Adaptive Equip-disab$140,400
Brooks RehabilitationJacksonville, FL501c3-$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$346,766
Fundraising Gross Income$317,775
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$478,185$284,760$222,294$62,466
Nights of Inspi$58,090$33,015$28,507$4,508
Total Events$536,275$317,775$346,766$-28,991
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
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
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, Page 6, Part VI, Line 2

Judi zitiello thomas zitiello director director family judi zitiello louis zitiello director director family fred funk sharon funk director director family

Form 990, Page 6, Part VI, Line 11B

The return is prepared by the organization's finance manager. The draft form 990 and all related schedules are sent to all members of the board of directors for review and input. Following feedback from the board members, the form 990 and related schedules are finalized and filed with the irs.

Form 990, Page 6, Part VI, Line 19

The form 990, governing documents, and other financial information is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Funk-zitiello Foundation Inc
EIN
81-3204321
Phone
9043730737
Address
830-13 A1A NORTH 187 SUITE 13, PONTE VEDRA BEACH, FL 32082

Signing Officer

Name
Judi Zitiello
Title
Director
Phone
9073730737
Signed
2019-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judi Zitiello
Formed
2016
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
85

Preparer

Firm
Swindell Bohn Durden & Phillips Pl
Address
3560 SOUTH THIRD STREET, JACKSONVILLE BEACH, FL 32250
Preparer
Christina a Cutler CPA
Phone
9042418176
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The funk-zitiello foundation was formed in 2016 with the primary purpose of raising funds for two charitable organizations: 1) the jt townsend foundation, a nonprofit organization whose mission is providing hope to the community of people with disabilities by offering financial assistance for adaptive equipment and services that will improve their quality of life; 2) mayo clinic, a nonprofit organization engaged in research and clinical trials. The gifts to mayo are directed towards pancreatic cancer research.

Form 990

The funk-zitiello foundation is a nonprofit organization with two primary missions. A portion of the proceeds from the contributions and annual fundraiser are provided to mayo clinic for researach programs in the area of pancreatic cancer. The research is primarily for dveloping new methods for the early detection of pancreatic cancer. The foundation also provides a contribution to the jt townsend foundation, a nonprofit organization whose mission is to provide hope to the community of people with disabilities by offering financial assistance for adaptive equipment and services that will improve their quality of life.

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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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BROOKS REHABILITATION
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1830 A1A N 187 SUITE 13
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23599 UNIVERSITY BLVD S
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ROCHESTER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PONTE VEDRA BEACH
IRS990ScheduleI/RecipientTable/USAddress/CityNm2JACKSONVILLE
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUNK-ZITIELLO FOUNDATION HAS GIFT AGREEMENTS WITH MAYO CLINIC AND THE JT TOWNSEND FOUNDATION THAT OUTLINE THE PERMITTED USES OF THE DONATED FUNDS. ADDITIONALLY, THE FOUNDATION RECEIVES AN ANNUAL REPORT FROM BOTH MAYO CLINIC AND THE JT TOWNSEND FOUNDATION ON THE USE OF THE FUNDS. ALSO, MAYO CLINIC PROVIDES A REPORT ON THE ADVANCES IN PANCREATIC CANCER RESEARCH AND TREATMENTS. THE FOUNDATION ALSO DONATED TO BROOKS REHABILITATION FOR SPINAL CORD INJURY EQUIPMENT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0AUCTION ITEMS
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1SWAG BAGS
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UTILIZED A THIRD PARTY TO PROCESS CREDIT CARD PAYMENTS FOR AUCTION ITEMS AND CONTRIBUTIONS RECEIVED AT THE GALA FUNDRAISER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FUNK-ZITIELLO FOUNDATION WAS FORMED IN 2016 WITH THE PRIMARY PURPOSE OF RAISING FUNDS FOR TWO CHARITABLE ORGANIZATIONS: 1) THE JT TOWNSEND FOUNDATION, A NONPROFIT ORGANIZATION WHOSE MISSION IS PROVIDING HOPE TO THE COMMUNITY OF PEOPLE WITH DISABILITIES BY OFFERING FINANCIAL ASSISTANCE FOR ADAPTIVE EQUIPMENT AND SERVICES THAT WILL IMPROVE THEIR QUALITY OF LIFE; 2) MAYO CLINIC, A NONPROFIT ORGANIZATION ENGAGED IN RESEARCH AND CLINICAL TRIALS. THE GIFTS TO MAYO ARE DIRECTED TOWARDS PANCREATIC CANCER RESEARCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUNK-ZITIELLO FOUNDATION IS A NONPROFIT ORGANIZATION WITH TWO PRIMARY MISSIONS. A PORTION OF THE PROCEEDS FROM THE CONTRIBUTIONS AND ANNUAL FUNDRAISER ARE PROVIDED TO MAYO CLINIC FOR RESEARACH PROGRAMS IN THE AREA OF PANCREATIC CANCER. THE RESEARCH IS PRIMARILY FOR DVELOPING NEW METHODS FOR THE EARLY DETECTION OF PANCREATIC CANCER. THE FOUNDATION ALSO PROVIDES A CONTRIBUTION TO THE JT TOWNSEND FOUNDATION, A NONPROFIT ORGANIZATION WHOSE MISSION IS TO PROVIDE HOPE TO THE COMMUNITY OF PEOPLE WITH DISABILITIES BY OFFERING FINANCIAL ASSISTANCE FOR ADAPTIVE EQUIPMENT AND SERVICES THAT WILL IMPROVE THEIR QUALITY OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JUDI ZITIELLO THOMAS ZITIELLO DIRECTOR DIRECTOR FAMILY JUDI ZITIELLO LOUIS ZITIELLO DIRECTOR DIRECTOR FAMILY FRED FUNK SHARON FUNK DIRECTOR DIRECTOR FAMILY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS PREPARED BY THE ORGANIZATION'S FINANCE MANAGER. THE DRAFT FORM 990 AND ALL RELATED SCHEDULES ARE SENT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND INPUT. FOLLOWING FEEDBACK FROM THE BOARD MEMBERS, THE FORM 990 AND RELATED SCHEDULES ARE FINALIZED AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990, GOVERNING DOCUMENTS, AND OTHER FINANCIAL INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09073730737
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNK-ZITIELLO FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FUNK
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D4A1477CA3C2DA6AF2ABAEBEDFB8A4EBA0851CA0
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.73.247.148
ReturnHeader/FilingSecurityInformation/IPDt02019-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:45:08
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SWINDELL BOHN DURDEN & PHILLIPS PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03560 SOUTH THIRD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE BEACH
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032250
ReturnHeader/PreparerPersonGrp/PhoneNum09042418176
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTINA A CUTLER CPA
ReturnHeader/ReturnTs02019-11-08T08:45:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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