Civic Intelligence

Snowman Foundation Inc

990 • Fiscal year 2017 • EIN 93-1277926

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 06, 2017

PO Box 1038McMinnville, OR 97128

(503) 472-2179

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.05x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

11th percentile

-32%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

79th percentile

$8,500

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

22nd percentile

-18%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

169%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$424,058

Down $94,331 (-18%) from 2016

Net Assets

Down

$408,178

Down $106,516 (-21%) from 2016

Liabilities

Up

$15,880

Up $12,185 (+330%) from 2016

Revenue

Up

$327,028

Up $205,594 (+169%) from 2016

Expenses

Up

$432,975

Up $288,442 (+200%) from 2016

Net Income

Down

-$105,947

Down $82,848 (-359%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $599,122Liabilities 2011: $1,480Net Assets 2011: $597,6422011Assets 2012: $615,393Liabilities 2012: $4,398Net Assets 2012: $610,9952012Assets 2013: $561,377Liabilities 2013: $4,092Net Assets 2013: $557,2852013Assets 2014: $545,852Liabilities 2014: $3,041Net Assets 2014: $542,8112014Assets 2015: $537,917Liabilities 2015: $538Net Assets 2015: $537,3792015Assets 2016: $518,389Liabilities 2016: $3,695Net Assets 2016: $514,6942016Assets 2017: $424,058Liabilities 2017: $15,880Net Assets 2017: $408,1782017Assets 2018: $360,183Liabilities 2018: $3,192Net Assets 2018: $356,9912018Assets 2019: $275,495Liabilities 2019: $5,402Net Assets 2019: $270,0932019Assets 2020: $224,414Liabilities 2020: $0Net Assets 2020: $224,4142020Assets 2021: $17,615Liabilities 2021: $0Net Assets 2021: $17,6152021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$424,058
Liabilities$15,880
Net Assets$408,178

Operations Trend

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

$600K$400K$200K$0-$200K-$400KExpenses 2011: $190,7582011Expenses 2012: $199,0922012Revenue 2013: $179,864Expenses 2013: $233,132Net Income 2013: -$53,2682013Revenue 2014: $193,789Expenses 2014: $208,365Net Income 2014: -$14,5762014Revenue 2015: $161,465Expenses 2015: $166,827Net Income 2015: -$5,3622015Revenue 2016: $121,434Expenses 2016: $144,533Net Income 2016: -$23,0992016Revenue 2017: $327,028Expenses 2017: $432,975Net Income 2017: -$105,9472017Revenue 2018: $362,640Expenses 2018: $413,045Net Income 2018: -$50,4052018Revenue 2019: $371,360Expenses 2019: $459,641Net Income 2019: -$88,2812019Revenue 2020: $16,290Expenses 2020: $61,875Net Income 2020: -$45,5852020Revenue 2021: $251,999Expenses 2021: $458,798Net Income 2021: -$206,7992021Revenue 2022: $24,485Expenses 2022: $42,100Net Income 2022: -$17,6152022

Highlighted filing

2017

Revenue$327,028
Expenses$432,975
Net Income-$105,947
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$404,940
Mission and Program Overview

Mission

To give all children access to music through inspiration, instruments, and instruction.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$237,182$228,157▼ $9,025
Savings and Temporary Cash Investments$166,030$134,480▼ $31,550
Investments in Publicly Traded Securities$37,661$37,679▲ $18
Cash and Non-Interest-Bearing Accounts$44,629$18,192▼ $26,437
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$518,389$424,058▼ $94,331
Other Assets Total$32,887$5,550▼ $27,337
Liabilities
Other Liabilities$3,695$15,880▲ $12,185
Total Liabilities$3,695$15,880▲ $12,185
Net Assets / Fund Balance
Unrestricted Net Assets$481,807$402,628▼ $79,179
Temporarily Rstr Net Assets$32,887$5,550▼ $27,337
Total Net Assets Fund Balance$514,694$408,178▼ $106,516
Total Liabilities and Net Assets / Fund Balance$518,389$424,058▼ $94,331

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$215,877$75,403$291,280
Other Land Buildings$12,280$10,220$22,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kathleen BernardsSec/TreasurerPT$8,500$8,500

Board Members and Trustees

NameTitle
William LambPresident
Jeff AdenDirector
Ken HickDirector
Michelle TonkinDirector
Stephen DeWaltDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$268,376
Program Service Revenue
$0
Investment Income
$596
Other Revenue
$58,056
All Other Contributions
$233,376
Change in Net Assets
$-105,947

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table98$152,565Market Value
Other Non Cash Contri Table1$25,000Market Value
Other Non Cash Contri Table1$5,000Market Value
Other Non Cash Contri Table1$5,000Market Value
Other Non Cash Contri Table1$5,000Market Value
Other Non Cash Contri Table1$5,000Market Value
Other Non Cash Contri Table1$5,000Market Value
Total Noncash Contributions104$202,565-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$272,162
Other Expenses$160,813
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$152,222--$152,222
Grants to Domestic Orgs$119,940--$119,940
Occupancy$31,614--$31,614
Fees for Services Management$18,000--$18,000
Depreciation Depletion$9,025--$9,025
Fees for Services Accounting-$8,500-$8,500
Advertising$7,618--$7,618
Office Expenses-$1,410-$1,410
Insurance-$1,215-$1,215
Other Expenses$20,350$145-$145
All Other Expenses-$96-$96
Total Functional Expenses$418,690$14,285$0$432,975
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bravo Youth OrchestraPortland, OR501c(3)Music Program Support$25,000
Molalla High SchoolMolalla, OR501c(3)Music Program Support$0
NW School of MusicSalem, OR501c(3)Music Program Support$0
Oregon Ballet TheaterPortland, OR501c(3)Music Program Support$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$135,968
Fundraising Direct Expenses$77,912
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ten Grands Concert$167,164$132,164$25,422$106,742
Total Events$167,164$132,164$77,912$54,252
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Insurance & instrument maintenance$15,880
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

A professional relationship existed between the Secretary's public accounting firm and one board member.

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

A copy is provided to each board member for review prior to a meeting where it is discussed with the preparer.

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

Each director and paid staff member completes a Conflict of Interest disclosure questionnaire annually. These are reviewed by the entire board and kept in the custody of the Secretary.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The officers donate their services in their capacities as officers; therefore, no W-2 forms are required. However, the Treasurer's CPA firm provides professional services to the Foundation aside from her work as an officer; payments for these services are pursuant to a contract with the Foundation as approved by its board of directors (with the applicable party recusing herself from the approval process). The compensation shown in Part VII Section A relates to these professional services on a calendar year basis and in Part IX on a fiscal year basis. Since the Treasurer's CPA firm is a professional corporation, no IRS information return is required. Since the Treasurer is a related party in her capacity as Treasurer, the fees are reported as officers compensation in part VII and accounting fees in part IX.

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

Available upon request.

Filing and Contact Details

Filer

Filer Name
Snowman Foundation Inc
EIN
93-1277926
Phone
5034722179
Address
PO Box 1038, McMinnville, OR 97128

Signing Officer

Name
William Lamb
Title
President
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Or
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
26

Preparer

Firm
Bernards & Associates CPAs PC
Address
441 NW Hill Road PO BOX 1038, McMinnville, OR 97128
Preparer
Kathleen L Bernards 2944
Phone
5034722179
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Unrealized Loss on Investments = -$569

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IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation conducted one public ten grand piano concert and two free children's concerts in Oregon, which raised funds to support the Foundation's various programs in Oregon and southwest Washington. $59,582 of concert expense consists of production costs allocable to the program aspects of the shows, which provide performance and audience opportunities for multiple youth in accordance with the Foundation's mission. In addition to the program aspects of the concert, other uses of the proceeds included support of the musical instument donation program and scholarships discussed below.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt027000
IRS990/ProgSrvcAccomActy3Grp/Desc0Five scholarships ranging from $600 to $2,300 were awarded to Oregon recipients in the following forms: Four for private piano lessons and one for a college music scholarship program.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015880
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Insurance & instrument maintenance
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0228157
IRS990ScheduleD/TotalLiabilityAmt015880
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Piano Lessons
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Instruments
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Muscial instruments

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