Civic Intelligence

Cape Fox Cultural Foundation Inc.

990 • Fiscal year 2020 • EIN 83-0539766

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

2851 S Tongass HwyKetchikan, AK 99901

(703) 369-1230

Siviq Scores

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

Liabilities / Assets

97th percentile

1.80x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

185.82x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

1st percentile

-4278%

Higher net margin than 1% 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

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Up

$394,592

Up $44,003 (+13%) from 2019

Net Assets

Down

-$315,631

Down $163,492 (-107%) from 2019

Liabilities

Up

$710,223

Up $207,495 (+41%) from 2019

Revenue

Up

$3,822

Up $9,888 (+163%) from 2019

Expenses

Up

$167,314

Up $21,241 (+15%) from 2019

Net Income

Down

-$163,492

Down $11,353 (-7.5%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2019: $350,589Liabilities 2019: $502,728Net Assets 2019: -$152,1392019Assets 2020: $394,592Liabilities 2020: $710,223Net Assets 2020: -$315,6312020Assets 2021: $408,253Liabilities 2021: $784,808Net Assets 2021: -$376,5552021Assets 2022: $473,309Liabilities 2022: $1,104,825Net Assets 2022: -$631,5162022Assets 2023: $472,836Liabilities 2023: $1,138,593Net Assets 2023: -$665,7572023Assets 2024: $402,608Liabilities 2024: $1,140,812Net Assets 2024: -$738,2042024

Highlighted filing

2020

Assets$394,592
Liabilities$710,223
Net Assets-$315,631

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2019: -$6,066Expenses 2019: $146,073Net Income 2019: -$152,1392019Revenue 2020: $3,822Expenses 2020: $167,314Net Income 2020: -$163,4922020Revenue 2021: $57,286Expenses 2021: $118,210Net Income 2021: -$60,9242021Revenue 2022: $56,322Expenses 2022: $311,283Net Income 2022: -$254,9612022Revenue 2023: $448,767Expenses 2023: $533,008Net Income 2023: -$84,2412023Revenue 2024: $127,826Expenses 2024: $200,273Net Income 2024: -$72,4472024

Highlighted filing

2020

Revenue$3,822
Expenses$167,314
Net Income-$163,492
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$4,522
Mission and Program Overview

Mission

(A) To deliver educational and cultural services to the public in order to preserve and support the heritage, culture, and future of the Cape Fox community and Southeast Alaska region. (B) To provide unique, focused programs and services to help disadvantaged or struggling members of the Southeast Alaska region become thriving members of their families, communities, and society in whole. C) To encourage charitable and educational activity that has a purpose consistent with the purposes listed in this Article 2; and consistent with the purposes listed herein.

To deliver educational and cultural services to the public in order to preserve and support the heritage and future of the Cape Fox community and Southeast Alaska region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$109,731$150,394▲ $40,663
Land, Buildings, and Equipment, Net$151,615$118,542▼ $33,073
Inventories for Sale or Use$65,004$112,095▲ $47,091
Prepaid Expenses and Deferred Charges$14,239$13,561▼ $678
Pledges and Grants Receivable$10,000$0▼ $10,000
Savings and Temporary Cash Investments$0$0→ $0
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
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$350,589$394,592▲ $44,003
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$488,715$706,873▲ $218,158
Accounts Payable and Accrued Expenses$14,013$3,350▼ $10,663
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$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$502,728$710,223▲ $207,495
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-152,139$-315,631▼ $163,492
Total Net Assets Fund Balance$-152,139$-315,631▼ $163,492
Total Liabilities and Net Assets / Fund Balance$350,589$394,592▲ $44,003

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$112,254$48,109$160,363
Equipment$6,288$1,810$8,098
Compensation and Service Providers

Board Members and Trustees

NameTitle
Clifford BlairPresident
Richard Shields SrVice President
Candance WilliamsSecretary/trasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,822
All Other Contributions
$0
Change in Net Assets
$-163,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,822
Total Revenue per Audited Statements
$3,822
Total Revenue per Form 990
$3,822
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$87,329
Other Expenses$79,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$72,856--$72,856
Office Expenses-$39,018-$39,018
Depreciation Depletion-$33,073-$33,073
Payroll Taxes$11,533--$11,533
Other Expenses-$6,810-$6,810
Other Employee Benefits$2,940--$2,940
Occupancy-$1,084-$1,084
Total Functional Expenses$87,329$79,985$0$167,314

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$167,314
Total Expenses per Audited Statements$167,314
Total Expenses per Form 990$167,314
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$672,883
Ppp Loan Payable$33,990
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 B, LINE 11:

The 990 return is reviewed by the executive director and internal accounting group before filing.

Form 990, Part VI, Section C, Line 19

THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS and other organizational documents AVALIABLE TO THE PUBLIC UPON REQUEST.

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

THE CONFLICT OF INTEREST POLICY PROTECTs THE INTEREST OF THE FOUNDATION WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION THAT MIGHT BENEFIT ANY OF THE DIRECTORS, OR ANY AGENT OR MEMBER OF ANY COMMMITTEE OF THE FOUNDATION. THE FOUNDATION'S DIRECTORS APPOINT DANIEL INGERSOLL, ESQ., A DISINTERESTED, INDEPENDENT DIRECTOR OF THE SOLE PURPOSE OF APPROVING ANY COMPENSATION ARRANGEMENT OR ANY OTHER TRANSACTION BETWEEN A DIRECTOR OR OFFICER AND THE FOUNDATION THAT WOULD BE PERCEIVED AS A CONFLICT OF INTEREST OR OTHERWISE RESULT IN POSSIBLE PRIVATE INUREMENT, PRIVATE BENEFIT, OR EXCESS BENEFITS WITH OR TO ANY OFFICER OR DIRECTOR.

Filing and Contact Details

Filer

Filer Name
Cape Fox Cultural Foundation
EIN
83-0539766
In Care Of
% MICHAEL BARTLETT
Phone
7033691230
Address
2851 S TONGASS HWY, KETCHIKAN, AK 99901

Signing Officer

Name
Michael Bartlett
Title
CFO
Phone
7033691230
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Bartlett
Formed
2018
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
3
Employees
7
Volunteers
3

Preparer

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

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

The Foundation follows the recognition and disclosure provisions of the accounting pronouncement related to accounting for uncertainty in income taxes and, accordingly, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Foundation has evaluated the likelihood of its tax exempt status being challenged as remote; accordingly the Foundation has not included any income tax provisions, including interest and penalties, in the accompanying financial statements related to potential violations of their tax exempt status.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt01810
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation follows the recognition and disclosure provisions of the accounting pronouncement related to accounting for uncertainty in income taxes and, accordingly, tax positions are evaluated for recognition using a more-likely-than-not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. The Foundation has evaluated the likelihood of its tax exempt status being challenged as remote; accordingly the Foundation has not included any income tax provisions, including interest and penalties, in the accompanying financial statements related to potential violations of their tax exempt status.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR AND INTERNAL ACCOUNTING GROUP BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS and other organizational documents AVALIABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY PROTECTs THE INTEREST OF THE FOUNDATION WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION THAT MIGHT BENEFIT ANY OF THE DIRECTORS, OR ANY AGENT OR MEMBER OF ANY COMMMITTEE OF THE FOUNDATION. THE FOUNDATION'S DIRECTORS APPOINT DANIEL INGERSOLL, ESQ., A DISINTERESTED, INDEPENDENT DIRECTOR OF THE SOLE PURPOSE OF APPROVING ANY COMPENSATION ARRANGEMENT OR ANY OTHER TRANSACTION BETWEEN A DIRECTOR OR OFFICER AND THE FOUNDATION THAT WOULD BE PERCEIVED AS A CONFLICT OF INTEREST OR OTHERWISE RESULT IN POSSIBLE PRIVATE INUREMENT, PRIVATE BENEFIT, OR EXCESS BENEFITS WITH OR TO ANY OFFICER OR DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12A
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL BARTLETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum07033691230
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAPE FOX CULTURAL FOUNDATION
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ReturnHeader/Filer/InCareOfNm0% MICHAEL BARTLETT
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ReturnHeader/PreparerPersonGrp/PhoneNum04078491569
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PEDRO A HILERA CPA
ReturnHeader/ReturnTs02021-11-10T08:41:46-06:00
ReturnHeader/ReturnTypeCd0990
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