Ethika Foundation

990EZ • Fiscal year 2013 • EIN 94-3271389

Jan 01, 2013 to Dec 31, 2013 • Filed on Jul 30, 2014

Organization Profile N/A

2303 Rr 620 S 135-1000San Diego, CA 78734

(512) 329-0123

Siviq Scores

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

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.00x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.5%

Higher net margin than 44% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2012 to 2013

-11%

Faster revenue growth than 31% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets55th percentile

Assets

$125

Up $125 from 2012

Net Assets

$125

Up $125 from 2012

Liabilities

No earlier filing loaded for comparison.

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin44th percentile

Revenue

Down

$26,145

Down $3,255 (-11%) from 2012

Expenses

Down

$26,020

Down $3,380 (-11%) from 2012

Net Income

$125

Up $125 from 2012

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

Highlighted filing

2013

Assets$125

Liabilities$0

Net Assets$125

Open 2013 Filing

Operations Trend

Revenue Growth31st percentile

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

Highlighted filing

2013

Revenue$26,145

Expenses$26,020

Net Income$125

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: Jul 30, 2014
Return Version: 2013v3.1
Gross Receipts: $26,145

Mission and Program Overview

Mission

Education, health care and housing programs for dysfunctional families.

Program Services

Description	Grants	Expenses
CO SPONSOR FOR MULTIFAMILY UNITS WITH AFFORDABLE RENT STRUCTURE WHICH ALLOWED IT TO PROVIDE SOCIAL SERVICES TO THE LOW INCOME RESIDENTS BY PARTICIPATING IN ITS LIFESTEPS PROGRAM.	$25,545	-

Compensation and Service Providers

Top Officer Pay73rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
STEVE BOWERS	President	-	$0	-	-
JERRY MERLICK	Secretary	-	$0	-	-
MARK SANDORF	Treasurer	-	$0	-	-

Filing and Contact Details

Filer

EIN: 94-3271389
Phone: 5123290123

Signing Officer

Name: Steve Bowers
Title: President
Signed: 2014-07-30
Discuss with paid preparer: Yes

Preparer

Preparer: Paul Stroub
Phone: 9168225128

Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - IN NOVEMBER 2009, ETHIKA ACQUIRED VILLAS A LA RIVIERA, A MULTI FAMILY PROJECT SUBJECT TO REGULATIONS UNDER THE HOUSING AUTHORITY OF THE CITY OF SACRAMENTO. THIS PROJECT IS SUBJECT TO RENT REGULATION AND PERFORMANCE STANDARDS ISSUED BY THE HOUSING AUTHORITY FOR AFFORDABLE AND LOW INCOME HOUSING.THE ACQUISITION WAS STRUCTURED WITH ETHIKA BEING A CONDUIT AND THE PROPERTY IS HELD IN TRUST AND THEREFORE NOT PART OF THE OPERATIONS OF THE FOUNDATION ITSELF. THE CONDUIT WAS ARRANGED TO FACILITATE A SALE AND REFINANCING OF THE PROPERTY. IN EXCHANGE FOR PARTICIPATION IN THE ACQUISITION, ETHIKA WILL BE REWARDED WITH A GENERAL PARTNERSHIP INTEREST WHICH WILL MAINTAIN CONTROL OF THE COMPLEX AND ALLOW THE FOUNDATION TO ADVANCE ITS MISSION AND PROGRAMS IN CONJUNCTION WITH THE OTHERS IN THE PARTNERSHIP.AS OF DECEMBER 31, 2011, THE PROJECT HAS NOT COMPLETED THE REFINANCE AND THEREFORE THE RESTRUCTURING HAS TAKEN PLACE. THE PROJECT IS BEING REPORTED UNDER THE PARTNERSHIP C/t DUVAL VILLA, LTD. WITH TAX ID: 74-2526551. THE INCOME AND EXPENSES ARE BEING RECOGNIZED BY THE PARTNERS OF THIS EXCHANGE.”

Other Expenses.1

“Lifestep program fee $25545”

Other Expenses.2

“TAXES $10”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $125”

Raw XML Appendix143 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/State	0	TX
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IRS990EZ/ExcessOrDeficitForYearAmt	0	125
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IRS990EZ/OtherExpensesTotalAmt	0	25555
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	25545
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	26020
IRS990EZ/TotalProgramServiceExpensesAmt	0	25545
IRS990EZ/TotalRevenueAmt	0	26145
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	29400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	29900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	60100
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2906
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	3
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	2909
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	2906
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	3
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	2909
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.04620
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.95380
IRS990ScheduleA/PublicSupportTotal509Amt	0	60100
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	63009
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Client Note 1 - IN NOVEMBER 2009, ETHIKA ACQUIRED VILLAS A LA RIVIERA, A MULTI FAMILY PROJECT SUBJECT TO REGULATIONS UNDER THE HOUSING AUTHORITY OF THE CITY OF SACRAMENTO. THIS PROJECT IS SUBJECT TO RENT REGULATION AND PERFORMANCE STANDARDS ISSUED BY THE HOUSING AUTHORITY FOR AFFORDABLE AND LOW INCOME HOUSING.THE ACQUISITION WAS STRUCTURED WITH ETHIKA BEING A CONDUIT AND THE PROPERTY IS HELD IN TRUST AND THEREFORE NOT PART OF THE OPERATIONS OF THE FOUNDATION ITSELF. THE CONDUIT WAS ARRANGED TO FACILITATE A SALE AND REFINANCING OF THE PROPERTY. IN EXCHANGE FOR PARTICIPATION IN THE ACQUISITION, ETHIKA WILL BE REWARDED WITH A GENERAL PARTNERSHIP INTEREST WHICH WILL MAINTAIN CONTROL OF THE COMPLEX AND ALLOW THE FOUNDATION TO ADVANCE ITS MISSION AND PROGRAMS IN CONJUNCTION WITH THE OTHERS IN THE PARTNERSHIP.AS OF DECEMBER 31, 2011, THE PROJECT HAS NOT COMPLETED THE REFINANCE AND THEREFORE THE RESTRUCTURING HAS TAKEN PLACE. THE PROJECT IS BEING REPORTED UNDER THE PARTNERSHIP C/t DUVAL VILLA, LTD. WITH TAX ID: 74-2526551. THE INCOME AND EXPENSES ARE BEING RECOGNIZED BY THE PARTNERS OF THIS EXCHANGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	LIFESTEP PROGRAM FEE $25545
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	TAXES $10
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Accounts Receivable - Beginning $0 Accounts Receivable - Ending $125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Client Note 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Other Assets.1005
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
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ReturnHeader/BusinessOfficerGrp/PersonNm	0	STEVE BOWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	ETHIKA FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2	0	CO TEXAS CAPITAL PARTNERS
ReturnHeader/Filer/BusinessNameControlTxt	0	ETHI
ReturnHeader/Filer/EIN	0	943271389
ReturnHeader/Filer/PhoneNum	0	5123290123
ReturnHeader/Filer/USAddress/AddressLine1	0	2303 RR 620 S 135-1000
ReturnHeader/Filer/USAddress/City	0	AUSTIN
ReturnHeader/Filer/USAddress/State	0	TX
ReturnHeader/Filer/USAddress/ZIPCode	0	78734
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	STROUB & COMPANY CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	1555 RIVER PARK DR 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	SACRAMENTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	95815
ReturnHeader/PreparerPersonGrp/PhoneNum	0	9168225128
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	PAUL STROUB
ReturnHeader/ReturnTs	0	2014-09-15T23:52:41-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $125
Liabilities: $0
Net assets: $125
Revenue: $26,145
Expenses: $26,020
Net income: $125

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2015Detailed filing. Detailed filing data is available for this year.	$4.63		$4.63	$28.8	$25.3	$3.48
2014Detailed filing. Detailed filing data is available for this year.	$1.27	$0.11	$1.16	$28.8	$27.8	$1.03
2013Detailed filing. Detailed filing data is available for this year.	$0.13	$0.00	$0.13	$26.1	$26.0	$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.00		$0.00	$29.4	$29.4	$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.80	$0.80	$0.00	$0.80	$0.80	$0.00