Civic Intelligence

Excelsior Youth Foundation

990 • Fiscal year 2016 • EIN 84-1571594

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 12, 2017

15001 E Oxford AvenueAurora, CO 80014

(303) 693-1550

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

6th percentile

0.00x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

1st percentile

-727%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$252,706

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 31.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

2nd percentile

-41%

Faster asset growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-51%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$9,934,756

Down $6,890,460 (-41%) from 2015

Net Assets

Down

$9,934,756

Down $6,890,460 (-41%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$792,347

Down $817,883 (-51%) from 2015

Expenses

Up

$6,549,484

Up $3,315,083 (+102%) from 2015

Net Income

Down

-$5,757,137

Down $4,132,966 (-254%) from 2015

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $18,678,230Liabilities 2011: $0Net Assets 2011: $18,678,2302011Assets 2012: $17,958,004Liabilities 2012: $0Net Assets 2012: $17,958,0042012Assets 2013: $17,630,325Liabilities 2013: $0Net Assets 2013: $17,630,3252013Assets 2014: $19,086,923Liabilities 2014: $0Net Assets 2014: $19,086,9232014Assets 2015: $16,825,216Liabilities 2015: $0Net Assets 2015: $16,825,2162015Assets 2016: $9,934,756Liabilities 2016: $0Net Assets 2016: $9,934,7562016Assets 2017: $5,393,312Liabilities 2017: $0Net Assets 2017: $5,393,3122017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$9,934,756
Liabilities$0
Net Assets$9,934,756

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $765,686Expenses 2011: $518,728Net Income 2011: $246,9582011Revenue 2012: $859,039Expenses 2012: $1,169,876Net Income 2012: -$310,8372012Expenses 2013: $2,200,6822013Revenue 2014: $1,429,951Expenses 2014: $1,286,974Net Income 2014: $142,9772014Revenue 2015: $1,610,230Expenses 2015: $3,234,401Net Income 2015: -$1,624,1712015Revenue 2016: $792,347Expenses 2016: $6,549,484Net Income 2016: -$5,757,1372016Revenue 2017: $104,000Expenses 2017: $5,045,531Net Income 2017: -$4,941,5312017Revenue 2018: $698,192Expenses 2018: $5,719,329Net Income 2018: -$5,021,1372018

Highlighted filing

2016

Revenue$792,347
Expenses$6,549,484
Net Income-$5,757,137
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 12, 2017
Return Version
2015v3.0
Gross Receipts
$792,347
Mission and Program Overview

Mission

To support the activities of excelsior youth centers, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,607,797$9,764,591▼ $6,843,206
Savings and Temporary Cash Investments$166,122$169,946▲ $3,824
Total Assets$16,825,216$9,934,756▼ $6,890,460
Other Assets Total$51,297$219▼ $51,078
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$16,659,094$9,764,810▼ $6,894,284
Permanently Rstr Net Assets$150,000$150,000→ $0
Temporarily Rstr Net Assets$16,122$19,946▲ $3,824
Total Net Assets Fund Balance$16,825,216$9,934,756▼ $6,890,460
Total Liabilities and Net Assets / Fund Balance$16,825,216$9,934,756▼ $6,890,460

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$166,122-▲ $3,824-$169,946
2015$165,166-▲ $956-$166,122
2014$160,247-▲ $4,919-$165,166
2013$159,959-▲ $288-$160,247
2012$171,800-▼ $11,841-$159,959
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lois PaulPresident/Chairman
Scott KiereVice Chairman
Cynthia TreadwellDirector
Guy HolmanDirector
L William Schmidt JrDirector
Melanie DavidsonDirector
Sandee WallingDirector
Susan HebertCheif Executive Officer
Andrea Nicole AckermanSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$792,347
Other Revenue
$0
Change in Net Assets
$-5,757,137

Audited Revenue Reconciliation

Revenue per Audited Statements
$728,572
Revenue Not Reported on Financial Statements
$63,775
Revenue Not Reported on Form 990
$-1,133,323
Total Revenue per Audited Statements
$-404,751
Total Revenue per Form 990
$792,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,485,709
Other Expenses$63,775
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,485,709--$6,485,709
Fees for Service Investment Mgmnt Fees-$63,775-$63,775
Total Functional Expenses$6,485,709$63,775$0$6,549,484

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,549,484
Expenses per Audited Statements$6,485,709
Total Expenses per Audited Statements$6,485,709
Expenses Not Reported on Financial Statements$63,775
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Excelsior Youth Centers IncAurora, CO501(c)(3)To support the programs of the Excelsior Youth Centers, Inc.$6,485,709
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Recordkeeping for the Foundation is performed by Excelsior Youth Centers, Inc. (the Center) staff. The Foundation does not reimburse the Center for these services.

Form 990, Part VI, Section A, line 6

The Excelsior Youth Centers, Inc. is the Foundation's sole voting member.

Form 990, Part VI, Section A, line 7A

The Foundation's Board of Directors are selected by the Board of Directors of the Excelsior Youth Centers, Inc., the Foundation's sole voting member.

Form 990, Part VI, Section A, line 7B

The sole voting member shall approve or withhold approval of any changes to the Foundation's Articles of Incorporation or Bylaws, and appoint or remove, with or without cause, directors of the Foundation.

Form 990, Part VI, Section B, line 11

Prior to filing with the Internal Revenue Service, the Form 990 is reviewed by the Foundation's management.

Form 990, Part VI, Section B, line 12C

Officers, directors and trustees are required to disclose conflicts of interest (if any) as they arise.

Form 990, Part VI, Section B, line 15

The Foundation has no employees.

Form 990, Part VI, Section C, line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Excelsior Youth Foundation
EIN
84-1571594
Phone
3036931550
Address
15001 E Oxford Avenue, Aurora, CO 80014

Signing Officer

Name
Susan Hebert
Title
Vice President
Phone
3036931550
Signed
2017-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Hebert
Formed
2000
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
15

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Steven R Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

There were no changes to the audit oversight or selection process during the tax year.

Financial Statement Notes

Part V, Line 4:

The purpose of the Endowment is to provide grants and scholarships to assist with the continuing educational needs of students who have attended school at the Excelsior Youth Center.

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IRS990ScheduleD/RevenueNotReportedAmt0-1133323
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt063775
IRS990ScheduleD/RevenueSubtotalAmt0728572
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The purpose of the Endowment is to provide grants and scholarships to assist with the continuing educational needs of students who have attended school at the Excelsior Youth Center.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.11740
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt06549484
IRS990ScheduleD/TotalRevenuePerForm990Amt0792347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-404751
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06485709
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06485709
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support the programs of the Excelsior Youth Centers, Inc.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Excelsior Youth Centers Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0840681524
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt015001 East Oxford Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Aurora
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080014
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are only given to the Excelsior Youth Center for support of its programs, the Foundation's exempt purpose.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0241109
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt011597
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Susan Hebert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Cheif Executive Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0252706
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Investments held by Foundation
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Excelsior Youth Centers Inc
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-06-30
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0840681524
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt06485709
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(c)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Quoted market prices
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt015001 East Oxford Avenue
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Aurora
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0CO
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd080014
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Recordkeeping for the Foundation is performed by Excelsior Youth Centers, Inc. (the Center) staff. The Foundation does not reimburse the Center for these services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Excelsior Youth Centers, Inc. is the Foundation's sole voting member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Foundation's Board of Directors are selected by the Board of Directors of the Excelsior Youth Centers, Inc., the Foundation's sole voting member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The sole voting member shall approve or withhold approval of any changes to the Foundation's Articles of Incorporation or Bylaws, and appoint or remove, with or without cause, directors of the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior to filing with the Internal Revenue Service, the Form 990 is reviewed by the Foundation's management.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Officers, directors and trustees are required to disclose conflicts of interest (if any) as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Foundation has no employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8There were no changes to the audit oversight or selection process during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Excelsior Youth Center
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0840681524
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Operate pgms for the trmt of youth/families with behavioral health problems
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt015001 East Oxford Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Aurora
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080014
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt016122
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt019946
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016825216
IRS990/TotalAssetsEOYAmt09934756
IRS990/TotalAssetsGrp/BOYAmt016825216
IRS990/TotalAssetsGrp/EOYAmt09934756

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