Civic Intelligence

Abs-Cbn Foundation International

990 • Fiscal year 2016 • EIN 94-3292281

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileWWW.ABSCBNFOUNDATION.ORG
2001 Junipero Serra Blvd No 200Daly City, CA 94014

(800) 527-2820

Siviq Scores

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

Liabilities / Assets

87th percentile

0.39x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

0.36x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

94th percentile

$55,931

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 12.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

16th percentile

-28%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

28th percentile

-16%

Faster revenue growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$419,231

Down $165,458 (-28%) from 2015

Net Assets

Down

$255,820

Down $125,765 (-33%) from 2015

Liabilities

Down

$163,411

Down $39,693 (-20%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin12th percentile

Revenue

Down

$454,985

Down $84,622 (-16%) from 2015

Expenses

Down

$585,164

Down $49,965 (-7.9%) from 2015

Net Income

Down

-$130,179

Down $34,657 (-36%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $252,738Liabilities 2011: $52,778Net Assets 2011: $199,9602011Assets 2012: $226,229Liabilities 2012: $271,184Net Assets 2012: -$44,9552012Assets 2013: $3,740,366Liabilities 2013: $3,416,258Net Assets 2013: $324,1082013Assets 2014: $731,827Liabilities 2014: $254,720Net Assets 2014: $477,1072014Assets 2015: $584,689Liabilities 2015: $203,104Net Assets 2015: $381,5852015Assets 2016: $419,231Liabilities 2016: $163,411Net Assets 2016: $255,8202016Assets 2017: $506,546Liabilities 2017: $288,045Net Assets 2017: $218,5012017Assets 2018: $441,626Liabilities 2018: $316,454Net Assets 2018: $125,1722018Assets 2019: $314,366Liabilities 2019: $332,918Net Assets 2019: -$18,5522019Assets 2020: $369,453Liabilities 2020: $49,886Net Assets 2020: $319,5672020Assets 2021: $396,555Liabilities 2021: $20,183Net Assets 2021: $376,3722021Assets 2022: $253,704Liabilities 2022: $2,736Net Assets 2022: $250,9682022Assets 2023: $181,732Liabilities 2023: $28,617Net Assets 2023: $153,1152023Assets 2024: $232,293Liabilities 2024: $42,625Net Assets 2024: $189,6682024

Highlighted filing

2016

Assets$419,231
Liabilities$163,411
Net Assets$255,820
Open 2016 Filing

Operations Trend

Revenue Growth28th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,056,7962011Revenue 2012: $1,158,734Expenses 2012: $1,403,649Net Income 2012: -$244,9152012Revenue 2013: $4,389,778Expenses 2013: $4,020,715Net Income 2013: $369,0632013Revenue 2014: $1,401,057Expenses 2014: $1,248,058Net Income 2014: $152,9992014Revenue 2015: $539,607Expenses 2015: $635,129Net Income 2015: -$95,5222015Revenue 2016: $454,985Expenses 2016: $585,164Net Income 2016: -$130,1792016Revenue 2017: $603,003Expenses 2017: $640,322Net Income 2017: -$37,3192017Revenue 2018: $605,153Expenses 2018: $759,518Net Income 2018: -$154,3652018Revenue 2019: $537,578Expenses 2019: $681,300Net Income 2019: -$143,7222019Revenue 2020: $1,127,353Expenses 2020: $789,234Net Income 2020: $338,1192020Revenue 2021: $658,998Expenses 2021: $602,192Net Income 2021: $56,8062021Revenue 2022: $538,397Expenses 2022: $663,801Net Income 2022: -$125,4042022Revenue 2023: $262,299Expenses 2023: $360,152Net Income 2023: -$97,8532023Revenue 2024: $527,186Expenses 2024: $490,634Net Income 2024: $36,5522024

Highlighted filing

2016

Revenue$454,985
Expenses$585,164
Net Income-$130,179
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$454,985
Mission and Program Overview

Mission

The company is a private, non-profit non governmental organization dedicated to raising funds to help improve the lives and livelihood of disadvantaged filipino communities in the philippies and aroundthe world.

The company is a private, not-profit non governmental organization dedicated to raising funds to help improve the lives and livelihood of disadvantaged filipino communities in the philippines and around the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$575,258$403,508▼ $171,750
Accounts Receivable-$11,865-
Prepaid Expenses and Deferred Charges$9,431$3,858▼ $5,573
Total Assets$584,689$419,231▼ $165,458
Liabilities
Accounts Payable and Accrued Expenses$203,104$136,543▼ $66,561
Grants Payable-$26,868-
Total Liabilities$203,104$163,411▼ $39,693
Net Assets / Fund Balance
Unrestricted Net Assets$381,585$255,820▼ $125,765
Total Net Assets Fund Balance$381,585$255,820▼ $125,765
Total Liabilities and Net Assets / Fund Balance$584,689$419,231▼ $165,458
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Louis Benedict O BennettPresidentFT$55,931$55,931

Board Members and Trustees

NameTitle
Rafael L LopezChairman
Ma Olivia De JesusVice Chairman
Edgardo GarciaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$454,985
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$454,985
Change in Net Assets
$-130,179

Audited Revenue Reconciliation

Revenue per Audited Statements
$454,985
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$454,985
Total Revenue per Form 990
$454,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,361
Salaries, Compensation, and Employee Benefits$205,470
Grants and Similar Amounts Paid$145,333
Total Fundraising Expense$96,206
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$145,333--$145,333
Other Salaries and Wages-$136,473-$136,473
Fees for Services Other-$58,432-$58,432
Current Officers, Directors, Trustees, and Key Employees-$55,931-$55,931
Travel-$32,288$14,507$46,795
Office Expenses-$15,798$9,628$25,426
All Other Expenses-$10,910$3,121$14,031
Payroll Taxes-$12,246-$12,246
Other Expenses-$2,494$11,520$11,520
Advertising-$2,515-$2,515
Insurance-$1,572-$1,572
Other Employee Benefits-$820-$820
Total Functional Expenses$145,333$343,625$96,206$585,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$585,164
Total Expenses per Audited Statements$585,164
Total Expenses per Form 990$585,164
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Audit committee
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
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, Section B, Line 11B

“The president is designated to review the tax returns prior to submission to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy is reviewed annually and updated if necessary.”

Form 990, Part VI, Section B, Line 15

“A committee is created to study compensation and presented to the board of directors ffor approval.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, financial statements and tax returns are available to the public as deemed appropriate by law.”

Filing and Contact Details

Filer

Filer Name
Abs Cbn Foundation International
EIN
94-3292281
Phone
8005272820
Address
2001 JUNIPERO SERRA BLVD NO 200, DALY CITY, CA 94014

Signing Officer

Name
Louis Benedict O Bennett
Title
President
Phone
8005272820
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis Benedict O Bennett
Formed
1997
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Sabocor & Co Llp
Address
767 N HILL STREET SUITE 205, LOS ANGELES, CA 90012
Preparer
Lilian Ebreo
Phone
2132290044
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Prior year (2015) accrual of expenses 4,414.”

Financial Statement Notes

PART X, LINE 2:

“The foundation follows certain provisions of accounting standards codification no. 740 (previously reported as financial accounting standards board interpretation no. 48, "accounting for uncertainty in income taxes" ("fin 48"). The foundation has identified no uncertain tax position for which it is reasonably possible that the amount of unrecognized tax benefits will significantly increase or decrease within 12 months. The foundation is no longer subject to u.s. Federal or state examinations by tax authorities for years before 2013 and 2012, respectively.”

Raw XML Appendix353 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS CERTAIN PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION NO. 740 (PREVIOUSLY REPORTED AS FINANCIAL ACCOUNTING STANDARDS BOARD INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("FIN 48"). THE FOUNDATION HAS IDENTIFIED NO UNCERTAIN TAX POSITION FOR WHICH IT IS REASONABLY POSSIBLE THAT THE AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN 12 MONTHS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013 AND 2012, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0FUNDING A CENTER FOR CHILD ABUSE PREVENTION, RESCUE AND REHABILITATION FOR CHILDREN AND EDUCATIONAL TELEVISION FOR SCHOOL CHILDREN. FUNDING FOR THE IMPROVEMENT AND CLEAN-UP OF THE PASIG RIVER, A MAJOR RIVER IN THE PHILIPPINES THAT CONNECTS LAGUNA DDE BAY TO MANILA BAY. FUNDING FOR DISASTER RELIEF FOR THE INHABITANTS IN THE AREAS AFFECTED BY NATURAL DISASTERS IN THE PHILIPPINES.
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT IS DESIGNATED TO REVIEW THE TAX RETURNS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND UPDATED IF NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMMITTEE IS CREATED TO STUDY COMPENSATION AND PRESENTED TO THE BOARD OF DIRECTORS FFOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE TO THE PUBLIC AS DEEMED APPROPRIATE BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR (2015) ACCRUAL OF EXPENSES 4,414.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0584689
IRS990/TotalAssetsEOYAmt0419231
IRS990/TotalAssetsGrp/BOYAmt0584689
IRS990/TotalAssetsGrp/EOYAmt0419231
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0454985
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt096206
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0343625
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0145333
IRS990/TotalFunctionalExpensesGrp/TotalAmt0585164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0203104
IRS990/TotalLiabilitiesEOYAmt0163411
IRS990/TotalLiabilitiesGrp/BOYAmt0203104
IRS990/TotalLiabilitiesGrp/EOYAmt0163411
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0381585
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0255820
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0145333
IRS990/TotalReportableCompFromOrgAmt055931
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0454985
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0584689
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0419231
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt014507
IRS990/TravelGrp/ManagementAndGeneralAmt032288
IRS990/TravelGrp/TotalAmt046795
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0381585
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0255820
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02001 JUNIPERO SERRA BLVD SUITE 200
IRS990/USAddress/CityNm0DALY CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094014
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ABSCBNFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUIS BENEDICT O BENNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08005272820
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABS CBN FOUNDATION INTERNATIONAL
ReturnHeader/Filer/BusinessNameControlTxt0ABSC
ReturnHeader/Filer/EIN0943292281
ReturnHeader/Filer/PhoneNum08005272820
ReturnHeader/Filer/USAddress/AddressLine1Txt02001 JUNIPERO SERRA BLVD NO 200
ReturnHeader/Filer/USAddress/CityNm0DALY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094014
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C231AC56632044D4E5CF0422E6D4B42598164CA8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C231AC56632044D4E5CF0422E6D4B42598164CA8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0172.91.21.218
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm004:59:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954588168
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SABOCOR & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0767 N HILL STREET SUITE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090012
ReturnHeader/PreparerPersonGrp/PhoneNum02132290044
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILIAN EBREO
ReturnHeader/ReturnTs02017-11-15T07:01:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$419,231
Liabilities
$163,411
Net assets
$255,820
Revenue
$454,985
Expenses
$585,164
Net income
-$130,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.23$0.04$0.19$0.53$0.49$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.03$0.15$0.26$0.36$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.54$0.66$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$0.66$0.60$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.37$0.05$0.32$1.13$0.79$0.34
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.33$0.02$0.54$0.68$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.32$0.13$0.61$0.76$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.29$0.22$0.60$0.64$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.16$0.26$0.45$0.59$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.20$0.38$0.54$0.64$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.25$0.48$1.40$1.25$0.15
2013Detailed filing. Detailed filing data is available for this year.$3.74$3.42$0.32$4.39$4.02$0.37
2012Summary only. Only limited summary data is available for this year.$0.23$0.27$0.04$1.16$1.40$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.05$0.20$1.06