Civic Intelligence

Showboats Scholarship and Education Fund

990 • Fiscal year 2024 • EIN 88-3048927

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 29, 2025

394 Roseland PlaceMemphis, TN 38111

(901) 578-8854

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

10th percentile

-51%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-2.9%

Faster asset growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-55%

Faster revenue growth than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$298,191

Down $8,934 (-2.9%) from 2023

Net Assets

Down

$298,191

Down $8,934 (-2.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Down

$13,185

Down $16,421 (-55%) from 2023

Expenses

Up

$19,880

Up $3,070 (+18%) from 2023

Net Income

Down

-$6,695

Down $19,491 (-152%) from 2023

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2022: $291,044Liabilities 2022: $0Net Assets 2022: $291,0442022Assets 2023: $307,125Liabilities 2023: $0Net Assets 2023: $307,1252023Assets 2024: $298,191Liabilities 2024: $0Net Assets 2024: $298,1912024

Highlighted filing

2024

Assets$298,191
Liabilities$0
Net Assets$298,191

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2022: $295,049Expenses 2022: $4,005Net Income 2022: $291,0442022Revenue 2023: $29,606Expenses 2023: $16,810Net Income 2023: $12,7962023Revenue 2024: $13,185Expenses 2024: $19,880Net Income 2024: -$6,6952024

Highlighted filing

2024

Revenue$13,185
Expenses$19,880
Net Income-$6,695
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 29, 2025
Return Version
2024v5.0
Gross Receipts
$13,185
Mission and Program Overview

Mission

To provide financial support to or for the benefit of student athletes and coaches and any other appropriate charitable purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$307,125$298,191▼ $8,934
Savings and Temporary Cash Investments$112,360$152,305▲ $39,945
Investments in Publicly Traded Securities$194,765$145,886▼ $48,879
Total Assets$307,125$298,191▼ $8,934
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$307,125$298,191▼ $8,934
Total Liabilities and Net Assets / Fund Balance$307,125$298,191▼ $8,934
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve EhrhartPresident
Ryan EhrhartSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$13,185
Other Revenue
$0
Change in Net Assets
$-6,695
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,000
Other Expenses$5,880
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,000--$14,000
Fees for Services Accounting-$5,850-$5,850
Office Expenses-$30-$30
Total Functional Expenses$14,000$5,880$0$19,880
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
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
CEO compensation reviewed
No
Other officer compensation reviewed
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, Page 6, Part VI, Line 2

Steve ehrhart ryan ehrhart president secretary related parties

Form 990, Page 6, Part VI, Line 11B

Office(s) and cpa review tax return prior to submitting to internal revenue service.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statemetns are available upon request.

Filing and Contact Details

Filer

Filer Name
Qb16 Foundation
EIN
88-3048927
Phone
9015788854
Address
394 ROSELAND PLACE, MEMPHIS, TN 38111

Signing Officer

Name
Ryan Ehrhart
Title
Secretary
Phone
9015788854
Signed
2025-04-29

Organization Details

Principal Officer
Steve Ehrhart
Formed
2022
Legal Domicile
Tn
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Ronald B Weiss CPA
Address
3707 N SAINT MARYS ST STE 111, SAN ANTONIO, TX 78212
Preparer
Ronald B Weiss
Phone
2108653978
Raw XML Appendix250 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SUPPORT TO OR FOR THE BENEFIT OF STUDENT ATHLETES AND COACHES AND ANY OTHER APPROPRIATE CHARITABLE PURPOSE.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0RYAN EHRHART
IRS990/BooksInCareOfDetail/PhoneNum09015788854
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0394 ROSELAND PLACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038111
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt014000
IRS990/CYInvestmentIncomeAmt013185
IRS990/CYOtherExpensesAmt05880
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-6695
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt019880
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt013185
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0PROVIDE FINANCIAL SUPPPORT TO HIGH SCHOOL ATHLETIC COACHES. AWARDED FOURTEEN (14) STIPENDS TO AREA COACHES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt014000
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05850
IRS990/FeesForServicesAccountingGrp/TotalAmt05850
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0RYAN EHRHART
IRS990/Form990PartVIISectionAGrp/PersonNm1STEVE EHRHART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt014000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt014000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt014000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt013185
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt013185
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt013185
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0194765
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0145886
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FINANCIAL SUPPORT TO OR FOR THE BENEFIT OF STUDENT ATHLETES AND COACHES AND ANY OTHER APPROPRIATE CHARITABLE PURPOSE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0307125
IRS990/NetAssetsOrFundBalancesEOYAmt0298191
IRS990/NetUnrlzdGainsLossesInvstAmt0-2239
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/TotalAmt030
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0STEVE EHRHART
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt017038
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014000
IRS990/PYInvestmentIncomeAmt012568
IRS990/PYOtherExpensesAmt02810
IRS990/PYRevenuesLessExpensesAmt012796
IRS990/PYTotalExpensesAmt016810
IRS990/PYTotalRevenueAmt029606
IRS990/ReconcilationRevenueExpnssAmt0-6695
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0307125
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0298191
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0112360
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152305
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt017038
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt013185
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01302
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt023933
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013185
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01302
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt023933
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt017038
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt017038
IRS990ScheduleA/Total509Grp/TotalAmt017038
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt013185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt026484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01302
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt040971
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STIPEND
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVE EHRHART RYAN EHRHART PRESIDENT SECRETARY RELATED PARTIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICE(S) AND CPA REVIEW TAX RETURN PRIOR TO SUBMITTING TO INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMETNS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0307125
IRS990/TotalAssetsEOYAmt0298191
IRS990/TotalAssetsGrp/BOYAmt0307125
IRS990/TotalAssetsGrp/EOYAmt0298191
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05880
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014000
IRS990/TotalFunctionalExpensesGrp/TotalAmt019880
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0307125
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0298191
IRS990/TotalProgramServiceExpensesAmt014000
IRS990/TotalRevenueGrp/ExclusionAmt013185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013185
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0307125
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0298191
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07435 MIMOSA DRIVE
IRS990/USAddress/CityNm0GERMANTOWN
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038138
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RYAN EHRHART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09015788854
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QB16 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0QB16
ReturnHeader/Filer/EIN0883048927
ReturnHeader/Filer/PhoneNum09015788854
ReturnHeader/Filer/USAddress/AddressLine1Txt0394 ROSELAND PLACE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038111
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272193587
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RONALD B WEISS CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03707 N SAINT MARYS ST STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN ANTONIO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078212
ReturnHeader/PreparerPersonGrp/PhoneNum02108653978
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD B WEISS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-30T16:04:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings