Civic Intelligence

The Griffin Foundation Inc.

990 • Fiscal year 2016 • EIN 86-0766789

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

1844 S Alvernon WayTucson, AZ 85711

(520) 790-8400

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

2.50x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

59th percentile

4.7%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

61st percentile

$145,163

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

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

Asset Growth

38th percentile

-0.9%

Faster asset growth than 38% of similar nonprofits.

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

Revenue Growth

34th percentile

-2.4%

Faster revenue growth than 34% of similar nonprofits.

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

Assets

Down

$6,579,896

Down $56,726 (-0.9%) from 2015

Net Assets

Up

$201,902

Up $94,050 (+87%) from 2015

Liabilities

Down

$6,377,994

Down $150,776 (-2.3%) from 2015

Revenue

Down

$2,548,126

Down $63,447 (-2.4%) from 2015

Expenses

Down

$2,429,229

Down $263,956 (-9.8%) from 2015

Net Income

Up

$118,897

Up $200,509 (+246%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $7,399,234Liabilities 2011: $6,996,666Net Assets 2011: $402,5682011Assets 2012: $7,133,152Liabilities 2012: $6,904,074Net Assets 2012: $229,0782012Assets 2013: $6,880,478Liabilities 2013: $6,839,022Net Assets 2013: $41,4562013Assets 2014: $6,829,831Liabilities 2014: $6,639,923Net Assets 2014: $189,9082014Assets 2015: $6,636,622Liabilities 2015: $6,528,770Net Assets 2015: $107,8522015Assets 2016: $6,579,896Liabilities 2016: $6,377,994Net Assets 2016: $201,9022016Assets 2017: $6,207,500Liabilities 2017: $6,290,939Net Assets 2017: -$83,4392017Assets 2018: $6,044,466Liabilities 2018: $6,279,401Net Assets 2018: -$234,9352018Assets 2019: $6,131,447Liabilities 2019: $6,016,353Net Assets 2019: $115,0942019Assets 2020: $6,125,558Liabilities 2020: $5,874,812Net Assets 2020: $250,7462020Assets 2021: $5,925,847Liabilities 2021: $6,909,269Net Assets 2021: -$983,4222021Assets 2022: $5,813,852Liabilities 2022: $6,820,763Net Assets 2022: -$1,006,9112022Assets 2023: $6,128,496Liabilities 2023: $6,801,232Net Assets 2023: -$672,7362023Assets 2024: $6,101,047Liabilities 2024: $6,634,351Net Assets 2024: -$533,3042024

Highlighted filing

2016

Assets$6,579,896
Liabilities$6,377,994
Net Assets$201,902

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $3,046,460Expenses 2011: $3,046,538Net Income 2011: -$782011Revenue 2012: $2,604,836Expenses 2012: $2,778,326Net Income 2012: -$173,4902012Revenue 2013: $2,712,617Expenses 2013: $2,900,239Net Income 2013: -$187,6222013Revenue 2014: $2,784,064Expenses 2014: $2,635,612Net Income 2014: $148,4522014Revenue 2015: $2,611,573Expenses 2015: $2,693,185Net Income 2015: -$81,6122015Revenue 2016: $2,548,126Expenses 2016: $2,429,229Net Income 2016: $118,8972016Revenue 2017: $2,130,769Expenses 2017: $2,285,984Net Income 2017: -$155,2152017Revenue 2018: $1,946,650Expenses 2018: $2,098,146Net Income 2018: -$151,4962018Revenue 2019: $2,200,456Expenses 2019: $2,039,593Net Income 2019: $160,8632019Revenue 2020: $2,304,907Expenses 2020: $2,047,822Net Income 2020: $257,0852020Revenue 2021: $2,138,094Expenses 2021: $2,123,011Net Income 2021: $15,0832021Revenue 2022: $2,134,785Expenses 2022: $2,158,274Net Income 2022: -$23,4892022Revenue 2023: $2,656,239Expenses 2023: $2,322,064Net Income 2023: $334,1752023Revenue 2024: $2,172,073Expenses 2024: $2,032,641Net Income 2024: $139,4322024

Highlighted filing

2016

Revenue$2,548,126
Expenses$2,429,229
Net Income$118,897
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$2,548,126
Mission and Program Overview

Mission

Charter school

Charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,868,799$5,724,503▼ $144,296
Cash and Non-Interest-Bearing Accounts$68,843$154,472▲ $85,629
Intangible Assets$148,061$141,624▼ $6,437
Loans From Officers Directors$57,927--
Accounts Receivable$22,963$27,784▲ $4,821
Prepaid Expenses and Deferred Charges$4,147$7,266▲ $3,119
Total Assets$6,636,622$6,579,896▼ $56,726
Other Assets Total$523,809$524,247▲ $438
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,039,122$5,958,270▼ $80,852
Other Liabilities$209,689$204,879▼ $4,810
Accounts Payable and Accrued Expenses$162,372$135,303▼ $27,069
Deferred Revenue$59,660$79,542▲ $19,882
Total Liabilities$6,528,770$6,377,994▼ $150,776
Net Assets / Fund Balance
Unrestricted Net Assets$107,852$201,902▲ $94,050
Total Net Assets Fund Balance$107,852$201,902▲ $94,050
Total Liabilities and Net Assets / Fund Balance$6,636,622$6,579,896▼ $56,726

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,602,891$1,243,686$5,846,577
Land$1,072,500-$1,072,500
Equipment$13,139$722,911$736,050
Other Land Buildings$35,973$2,587$38,560
Other Assets Org$479,072--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lee GriffinPresidentFT$145,163$145,163

Board Members and Trustees

NameTitle
Lalyn GriffinMember
Mary HeidingerMember
Revenue and Support

Revenue Composition

Contributions and Grants
$10,083
Program Service Revenue
$2,538,043
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10,083
Change in Net Assets
$118,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,548,126
Total Revenue per Audited Statements
$2,548,126
Total Revenue per Form 990
$2,548,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,327,047
Other Expenses$1,102,182
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$983,289$343,758-$1,327,047
Interest$359,744$63,484-$423,228
Depreciation Depletion$123,918$43,539-$167,457
All Other Expenses$63,783$58,877-$122,660
Fees for Services Other$6,000$70,614-$76,614
Other Expenses$42,731$25,940-$68,671
Insurance$1,841$28,102-$29,943
Conferences and Meetings$8,140--$8,140
Advertising$6,635$1,171-$7,806
Travel$701$3,131-$3,832
Total Functional Expenses$1,790,613$638,616$0$2,429,229

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,439,115
Expenses per Audited Statements$2,429,229
Total Expenses per Form 990$2,429,229
Expenses Not Reported on Form 990$9,886
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
Loans from Officers, Directors, Trustees, and Key Employees$57,927--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$204,879
Interest Payable-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Development Authority of the County2008-01-10$6,005,000Campus Construction
BFoundation Series A2008-01-10$845,000Campus Construction
CIndustrial Development Authority of the County---
DFoundation Series B---
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

BOD approved officer to review and approve 990

Form 990, Part VI, Section C, Line 18

Upon Request

Form 990, Part VI, Section C, Line 19

Upon Request

Filing and Contact Details

Filer

Filer Name
Griffin Foundation
EIN
86-0766789
Phone
5207908400
Address
1844 S Alvernon Way, Tucson, AZ 85711

Signing Officer

Name
Leroy Griffin
Title
Executive Director
Signed
2016-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Leroy Griffin
Formed
1994
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
2
Employees
47

Preparer

Firm
Darin Guthrie CPA PLLC
Address
5956 E Pima Ste 120, Tucson, AZ 85712
Preparer
Kenneth R Scott CPA
Phone
5202074518
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book to tax difference in accumulated depreciation

Form 990, Part IX, Line 7

Wages and Salaries reflect only the second half of the year, the first half the employees were leased from another company that filed the payroll reports under the TIN 65-0076799

Financial Statement Notes

XII 2D

Book to tax difference in depreciation.

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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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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt02104
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt017640
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0170
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02611573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02784064
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02712504
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02604787
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013261054
IRS990ScheduleA/TotalSupportAmt013261224
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IRS990ScheduleD/BuildingsGrp/BookValueAmt04602891
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01243686
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05846577
IRS990ScheduleD/EquipmentGrp/BookValueAmt013139
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0722911
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0736050
IRS990ScheduleD/ExpensesNotReportedAmt09886
IRS990ScheduleD/ExpensesSubtotalAmt02429229
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IRS990ScheduleD/LandGrp/BookValueAmt01072500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01072500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt045175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1479072
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Compensatory Balance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Escrow Funds
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035973
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02587
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0204879
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Interest Payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt02548126
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Book to tax difference in depreciation.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XII 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05724503
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0524247
IRS990ScheduleD/TotalExpensesPerForm990Amt02429229
IRS990ScheduleD/TotalLiabilityAmt0204879
IRS990ScheduleD/TotalRevenuePerForm990Amt02548126
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02548126
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02439115
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12008-01-10
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1860766789
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd3D
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd3true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06005000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1845000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Industrial Development Authority of the County
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1Foundation Series A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2Industrial Development Authority of the County
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt3Foundation Series B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Campus Construction
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1Campus Construction
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt058218
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Leroy Griffin
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Executive Director
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOD approved officer to review and approve 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon Request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon Request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Book to tax difference in accumulated depreciation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Wages and Salaries reflect only the second half of the year, the first half the employees were leased from another company that filed the payroll reports under the TIN 65-0076799
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 7
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06636622
IRS990/TotalAssetsEOYAmt06579896
IRS990/TotalAssetsGrp/BOYAmt06636622
IRS990/TotalAssetsGrp/EOYAmt06579896
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010083
IRS990/TotalEmployeeCnt047
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0638616
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01790613
IRS990/TotalFunctionalExpensesGrp/TotalAmt02429229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06528770
IRS990/TotalLiabilitiesEOYAmt06377994
IRS990/TotalLiabilitiesGrp/BOYAmt06528770
IRS990/TotalLiabilitiesGrp/EOYAmt06377994
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0107852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0201902
IRS990/TotalProgramServiceExpensesAmt01790613
IRS990/TotalProgramServiceRevenueAmt02538043
IRS990/TotalReportableCompFromOrgAmt0145163
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02538043
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02548126
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06636622
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06579896
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt03131
IRS990/TravelGrp/ProgramServicesAmt0701
IRS990/TravelGrp/TotalAmt03832
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.10$6.63$0.53$2.17$2.03$0.14
2023Detailed filing. Detailed filing data is available for this year.$6.13$6.80$0.67$2.66$2.32$0.33
2022Detailed filing. Detailed filing data is available for this year.$5.81$6.82$1.01$2.13$2.16$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$6.91$0.98$2.14$2.12$0.02
2020Detailed filing. Detailed filing data is available for this year.$6.13$5.87$0.25$2.30$2.05$0.26
2019Detailed filing. Detailed filing data is available for this year.$6.13$6.02$0.12$2.20$2.04$0.16
2018Detailed filing. Detailed filing data is available for this year.$6.04$6.28$0.23$1.95$2.10$0.15
2017Detailed filing. Detailed filing data is available for this year.$6.21$6.29$0.08$2.13$2.29$0.16
2016Detailed filing. Detailed filing data is available for this year.$6.58$6.38$0.20$2.55$2.43$0.12
2015Detailed filing. Detailed filing data is available for this year.$6.64$6.53$0.11$2.61$2.69$0.08
2014Summary only. Only limited summary data is available for this year.$6.83$6.64$0.19$2.78$2.64$0.15
2013Summary only. Only limited summary data is available for this year.$6.88$6.84$0.04$2.71$2.90$0.19
2012Summary only. Only limited summary data is available for this year.$7.13$6.90$0.23$2.60$2.78$0.17
2011Summary only. Only limited summary data is available for this year.$7.40$7.00$0.40$3.05$3.05$0.00