Civic Intelligence

The Learning Source Foundation

990 • Fiscal year 2016 • EIN 84-1513876

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 14, 2017

Organization ProfileN/A
8790 W Colfax Ave Ste 109Lakewood, CO 80215

(303) 922-4683

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

79th percentile

21%

Faster asset growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

476%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$876,937

Up $150,387 (+21%) from 2015

Net Assets

Up

$876,937

Up $150,387 (+21%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin98th percentile

Revenue

Up

$173,551

Up $143,423 (+476%) from 2015

Expenses

Down

$15,404

Down $6,278 (-29%) from 2015

Net Income

Up

$158,147

Up $149,701 (+1772%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $730,427Liabilities 2010: $12,801Net Assets 2010: $717,6262010Assets 2011: $748,115Liabilities 2011: $13,561Net Assets 2011: $734,5542011Assets 2012: $741,551Liabilities 2012: $14,124Net Assets 2012: $727,4272012Assets 2013: $703,666Liabilities 2013: $0Net Assets 2013: $703,6662013Assets 2014: $716,909Liabilities 2014: $0Net Assets 2014: $716,9092014Assets 2015: $726,550Liabilities 2015: $0Net Assets 2015: $726,5502015Assets 2016: $876,937Liabilities 2016: $0Net Assets 2016: $876,9372016Assets 2017: $965,267Liabilities 2017: $0Net Assets 2017: $965,2672017Assets 2018: $1,000,379Liabilities 2018: $0Net Assets 2018: $1,000,3792018Assets 2019: $1,007,517Liabilities 2019: $0Net Assets 2019: $1,007,5172019Assets 2020: $990,977Liabilities 2020: $0Net Assets 2020: $990,9772020Assets 2021: $1,341,190Liabilities 2021: $0Net Assets 2021: $1,341,1902021Assets 2022: $2,300,275Liabilities 2022: $1,021,872Net Assets 2022: $1,278,4032022Assets 2023: $2,710,332Liabilities 2023: $1,391,566Net Assets 2023: $1,318,7662023Assets 2024: $3,055,291Liabilities 2024: $1,644,251Net Assets 2024: $1,411,0402024

Highlighted filing

2016

Assets$876,937
Liabilities$0
Net Assets$876,937
Open 2016 Filing

Operations Trend

Revenue Growth99th percentile

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

$400K$200K$0-$200KRevenue 2010: $3,025Expenses 2010: $16,490Net Income 2010: -$13,4652010Expenses 2011: $16,4232011Expenses 2012: $16,4792012Expenses 2013: $38,9112013Revenue 2014: $925Expenses 2014: $15,493Net Income 2014: -$14,5682014Revenue 2015: $30,128Expenses 2015: $21,682Net Income 2015: $8,4462015Revenue 2016: $173,551Expenses 2016: $15,404Net Income 2016: $158,1472016Revenue 2017: $131,001Expenses 2017: $42,671Net Income 2017: $88,3302017Revenue 2018: $88,508Expenses 2018: $53,396Net Income 2018: $35,1122018Revenue 2019: $49,950Expenses 2019: $42,812Net Income 2019: $7,1382019Revenue 2020: $1,730Expenses 2020: $18,270Net Income 2020: -$16,5402020Revenue 2021: $350,213Expenses 2021: $0Net Income 2021: $350,2132021Revenue 2022: $17,433Expenses 2022: $80,220Net Income 2022: -$62,7872022Revenue 2023: $142,677Expenses 2023: $108,994Net Income 2023: $33,6832023Revenue 2024: $198,119Expenses 2024: $140,745Net Income 2024: $57,3742024

Highlighted filing

2016

Revenue$173,551
Expenses$15,404
Net Income$158,147
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$711,915
Mission and Program Overview

Mission

To support the operations of the learning source, a voluntary health and welfare non-profit corporation, by providing facilitites and financial assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$484,847$0▼ $484,847
Cash and Non-Interest-Bearing Accounts$1,027$1,028▲ $1
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$726,550$876,937▲ $150,387
Other Assets Total$240,676$875,909▲ $635,233
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$726,550$876,937▲ $150,387
Total Net Assets Fund Balance$726,550$876,937▲ $150,387
Total Liabilities and Net Assets / Fund Balance$726,550$876,937▲ $150,387

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$875,909--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Jean MarshallPresident
Elizabeth FrawleyDirector
James E SpojaDirector
Mary E MoserDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$12,000
Program Service Revenue
$0
Investment Income
$161,551
Other Revenue
$0
All Other Contributions
$12,000
Change in Net Assets
$158,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$173,551
Revenue Not Reported on Form 990
$-7,760
Total Revenue per Audited Statements
$165,791
Total Revenue per Form 990
$173,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,404
Total Fundraising Expense$2,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$8,300--$8,300
Other Expenses-$4,973$2,131$7,104
Total Functional Expenses$8,300$4,973$2,131$15,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,404
Total Expenses per Audited Statements$15,404
Total Expenses per Form 990$15,404
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

“Amended and restated bylaws were adopted january 7, 2015.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors reviews the form 990 prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The policy is monitored by the board of directors of the learning source - a supported organization.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Other documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Learning Source Foundation
EIN
84-1513876
Phone
3039224683
Address
8790 W COLFAX AVE STE 109, LAKEWOOD, CO 80215

Signing Officer

Name
Jean Marshall
Title
President
Signed
2017-02-14
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Barnes Griggs & Associates PC
Address
12136 W Bayaud Ave Ste 300, Lakewood, CO 80228
Preparer
Gayle L Griggs CPA
Phone
3032021800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The organization adopted "accounting for uncertainty in income taxes," which required the organization to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the years ended june 30, 2016 and 2015, the organization's management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADOPTED "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," WHICH REQUIRED THE ORGANIZATION TO DETERMINE WHETHER A TAX POSITION (AND THE RELATED TAX BENEFIT) IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT, PRESUMING THAT THE TAX POSITION IS EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. DURING THE YEARS ENDED JUNE 30, 2016 AND 2015, THE ORGANIZATION'S MANAGEMENT EVALUATED ITS TAX POSITIONS TO DETERMINE THE EXISTENCE OF UNCERTAINTIES, AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt015404
IRS990ScheduleD/TotalRevenuePerForm990Amt0173551
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0165791
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015404
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IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0REAL ESTATE
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0FOUNDATION HOLDINGS LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-04-11
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01050000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LIMITED LIABILITY CO
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0SALES PRICE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0455 S PIERCE ST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0LAKEWOOD
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CO
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IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PROCEEDS FROM THE SALE OF THIS ASSET WERE REINVESTED BY THE ORGANIZATION. NET ASSETS WERE NOT LIQUIDATED OR OTHERWISE DISTRIBUTED.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch N, Part III, Additional Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMENDED AND RESTATED BYLAWS WERE ADOPTED JANUARY 7, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY IS MONITORED BY THE BOARD OF DIRECTORS OF THE LEARNING SOURCE - A SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE LEARNING SOURCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0840585638
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LITERACY
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEAN MARSHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LEARNING SOURCE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LEAR
ReturnHeader/Filer/EIN0841513876

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$876,937
Liabilities
$0
Net assets
$876,937
Revenue
$173,551
Expenses
$15,404
Net income
$158,147
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.06$1.64$1.41$0.20$0.14$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.71$1.39$1.32$0.14$0.11$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.30$1.02$1.28$0.02$0.08$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.35$0.00$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.05$0.04$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.09$0.05$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.13$0.04$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$0.17$0.02$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.03$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.00$0.02$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.00$0.70$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.01$0.73$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.73$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.01$0.72$0.00$0.02$0.01