Civic Intelligence

Realty Restoration Gift Fund

990 • Fiscal year 2015 • EIN 85-0479295

Jan 01, 2015 to Dec 31, 2015 • Filed on Dec 15, 2016

PO Box 22865Santa Fe, NM 87502

(505) 986-2938

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$23,374

Up $12,652 (+118%) from 2010

Net Assets

Up

$23,374

Up $30,964 (+408%) from 2010

Liabilities

Down

$0

Down $18,312 (-100%) from 2010

Revenue And Expenses

Revenue

Up

$539,642

Up $518,162 (+2412%) from 2010

Expenses

Up

$477,590

Up $425,527 (+817%) from 2010

Net Income

Up

$62,052

Up $92,635 (+303%) from 2010

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: $10,722Liabilities 2010: $18,312Net Assets 2010: -$7,5902010Assets 2015: $23,374Liabilities 2015: $0Net Assets 2015: $23,3742015Assets 2015: $41,874Liabilities 2015: $0Net Assets 2015: $41,8742015Assets 2017: $117,244Liabilities 2017: $0Net Assets 2017: $117,2442017Assets 2018: $424,032Liabilities 2018: $150,000Net Assets 2018: $274,0322018Assets 2019: $995,647Liabilities 2019: $0Net Assets 2019: $995,6472019Assets 2020: $72,113Liabilities 2020: $39,400Net Assets 2020: $32,7132020Assets 2021: $5,081,165Liabilities 2021: $39,400Net Assets 2021: $5,041,7652021Assets 2022: $7,443,473Liabilities 2022: $3,980,496Net Assets 2022: $3,462,9772022Assets 2023: $7,766,369Liabilities 2023: $703,446Net Assets 2023: $7,062,9232023Assets 2024: $13,112,338Liabilities 2024: $991,117Net Assets 2024: $12,121,2212024

Highlighted filing

2015

Assets$23,374
Liabilities$0
Net Assets$23,374

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2010: $21,480Expenses 2010: $52,063Net Income 2010: -$30,5832010Revenue 2015: $539,642Expenses 2015: $477,590Net Income 2015: $62,0522015Revenue 2015: $113,479Expenses 2015: $90,183Net Income 2015: $23,2962015Revenue 2017: $54,502Expenses 2017: $126,985Net Income 2017: -$72,4832017Revenue 2018: $275,855Expenses 2018: $100,755Net Income 2018: $175,1002018Revenue 2019: $938,563Expenses 2019: $216,948Net Income 2019: $721,6152019Revenue 2020: $666,015Expenses 2020: $1,628,949Net Income 2020: -$962,9342020Revenue 2021: $9,881,385Expenses 2021: $4,872,333Net Income 2021: $5,009,0522021Revenue 2022: $12,189,641Expenses 2022: $10,768,429Net Income 2022: $1,421,2122022Revenue 2023: $12,532,057Expenses 2023: $8,932,111Net Income 2023: $3,599,9462023Revenue 2024: $20,802,312Expenses 2024: $15,744,014Net Income 2024: $5,058,2982024

Highlighted filing

2015

Revenue$539,642
Expenses$477,590
Net Income$62,052
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Dec 15, 2016
Return Version
2015v2.1
Gross Receipts
$539,642
Mission and Program Overview

Mission

Our mission is to create community benefits by accepting donations of environmentally impaired real estate assets, reducing or eliminating the impairment, thus producing sale-able property, the proceeds of such sale will further the philanthropic purposes of realty restoration gift fund (rrgf) and the charities that benefit from such grants made by rrgf.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-422$23,374▲ $23,796
Total Assets$-422$23,374▲ $23,796
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$-422$23,374▲ $23,796
Total Net Assets Fund Balance$-422$23,374▲ $23,796
Total Liabilities and Net Assets / Fund Balance$-422$23,374▲ $23,796
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John J GrabPresidentPT$5,000$5,000
Chase V MagnusonCFO-$5,000$5,000

Board Members and Trustees

NameTitle
Thomas HnaskoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$39,642
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$500,000
All Other Contributions
$39,642
Change in Net Assets
$62,052

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 Amount
Real Estate Commercial1$39,408
Total Noncash Contributions1$39,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,590
Salaries, Compensation, and Employee Benefits$10,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$10,000--$10,000
Fees for Services Accounting$1,311--$1,311
All Other Expenses$892$85-$977
Other Expenses$800--$800
Fees for Services Legal$452--$452
Total Functional Expenses$477,505$85$0$477,590
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
Backup withholding compliance
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
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 11B

Signing officer of the entity will review a draft of the tax return before filing.

Form 990, Page 6, Part VI, Line 15A

Board of directors approved compensation after hiring independent accounting firm to review the compensation structure.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Realty Restoration Gift Fund
EIN
85-0479295
Phone
5059862938
Address
PO BOX 22865, SANTA FE, NM 87502

Signing Officer

Name
Chase V Magnuson
Title
CFO
Phone
7148158889
Signed
2016-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chase V Magnuson
Formed
2001
Legal Domicile
Nm
Voting Board Members
2
Independent Board Members
0
Employees
0

Preparer

Firm
Bpwc LLC
Address
8220 SAN PEDRO NE SUITE 400, ALBUQUERQUE, NM 87113-2476
Preparer
Thomas C Broderick
Phone
5052551040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to create community benefits by accepting donations of environmentally impaired real estate assets, reducing or eliminating the impairment, thus producing sale-able property, the proceeds of such sale will further the philanthropic purposes of realty restoration gift fund (rrgf) and the charities that benefit from such grants made by rrgf.

Form 990, Part XI, Line 9

Gain on debt financed prop -38,756 prior period adjustments 500 total -38,256

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO CREATE COMMUNITY BENEFITS BY ACCEPTING DONATIONS OF ENVIRONMENTALLY IMPAIRED REAL ESTATE ASSETS, REDUCING OR ELIMINATING THE IMPAIRMENT, THUS PRODUCING SALE-ABLE PROPERTY, THE PROCEEDS OF SUCH SALE WILL FURTHER THE PHILANTHROPIC PURPOSES OF REALTY RESTORATION GIFT FUND (RRGF) AND THE CHARITIES THAT BENEFIT FROM SUCH GRANTS MADE BY RRGF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SIGNING OFFICER OF THE ENTITY WILL REVIEW A DRAFT OF THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS APPROVED COMPENSATION AFTER HIRING INDEPENDENT ACCOUNTING FIRM TO REVIEW THE COMPENSATION STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GAIN ON DEBT FINANCED PROP -38,756 PRIOR PERIOD ADJUSTMENTS 500 TOTAL -38,256
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReasonableCauseExplanation/ExplanationTxt0TAXPAYER MISTAKENLY BELIEVED THEY ONLY NEEDED TO FILE A POSTCARD FORM 990-N, WHICH THEY FILED IN A TIMELY MANNER. THEIR REASONING WAS BASED ON REPORTING THE NET ACTIVITY OF THE ENTITY FOR 2015, WHICH WAS LESS THAN 50,000. HOWEVER, THEIR TAX PREPARER HAS ADVISED THEM THAT THE FORM 990-N ANALYZES GROSS RECEIPTS, NOT A NET APPROACH. THEREFORE, NOW THE ENTITY IS FILING A FORM 990. PLEASE FORGIVE THE ERROR AND ABATE PENALTIES AND INTEREST. TAXPAYER HAS BEEN TIMELY WITH PAST FILINGS.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
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ReturnHeader/PreparerPersonGrp/PhoneNum05052551040
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS C BRODERICK
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ReturnHeader/ReturnTs02016-12-20T16:42:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings