Civic Intelligence

Hearthstone-Builder Award Foundation

990 • Fiscal year 2017 • EIN 94-3380797

Mar 01, 2016 to Feb 28, 2017 • Filed on Jan 12, 2018

24151 Ventura BoulevardCalabasas, CA 91302

(818) 385-0005

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

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

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

Liabilities / Revenue

89th percentile

0.27x

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

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

Net Margin

8th percentile

-51%

Higher net margin than 8% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

32nd percentile

-6.9%

Faster asset growth than 32% of similar nonprofits.

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

Revenue Growth

66th percentile

13%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Down

$337,474

Down $24,841 (-6.9%) from 2016

Net Assets

Down

$309,974

Down $52,341 (-14%) from 2016

Liabilities

Up

$27,500

Up $27,500 from 2016

Revenue

Up

$102,705

Up $11,743 (+13%) from 2016

Expenses

Up

$155,046

Up $55,046 (+55%) from 2016

Net Income

Down

-$52,341

Down $43,303 (-479%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $458,170Liabilities 2011: $27,400Net Assets 2011: $430,7702011Assets 2012: $422,369Liabilities 2012: $0Net Assets 2012: $422,3692012Assets 2013: $403,911Liabilities 2013: $0Net Assets 2013: $403,9112013Assets 2014: $381,906Liabilities 2014: $0Net Assets 2014: $381,9062014Assets 2015: $371,353Liabilities 2015: $0Net Assets 2015: $371,3532015Assets 2016: $362,315Liabilities 2016: $0Net Assets 2016: $362,3152016Assets 2017: $337,474Liabilities 2017: $27,500Net Assets 2017: $309,9742017Assets 2018: $303,024Liabilities 2018: $29,000Net Assets 2018: $274,0242018Assets 2019: $317,479Liabilities 2019: $0Net Assets 2019: $317,4792019Assets 2020: $330,871Liabilities 2020: $0Net Assets 2020: $330,8712020Assets 2021: $275,931Liabilities 2021: $0Net Assets 2021: $275,9312021Assets 2022: $196,895Liabilities 2022: $0Net Assets 2022: $196,8952022Assets 2023: $209,454Liabilities 2023: $0Net Assets 2023: $209,4542023Assets 2024: $212,622Liabilities 2024: $0Net Assets 2024: $212,6222024Assets 2025: $260,388Liabilities 2025: $0Net Assets 2025: $260,3882025

Highlighted filing

2017

Assets$337,474
Liabilities$27,500
Net Assets$309,974

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $254,378Expenses 2011: $264,237Net Income 2011: -$9,8592011Revenue 2012: $204,603Expenses 2012: $213,004Net Income 2012: -$8,4012012Revenue 2013: $186,130Expenses 2013: $204,588Net Income 2013: -$18,4582013Revenue 2014: $140,710Expenses 2014: $162,715Net Income 2014: -$22,0052014Revenue 2015: $517Expenses 2015: $11,070Net Income 2015: -$10,5532015Revenue 2016: $90,962Expenses 2016: $100,000Net Income 2016: -$9,0382016Revenue 2017: $102,705Expenses 2017: $155,046Net Income 2017: -$52,3412017Revenue 2018: $118,000Expenses 2018: $153,950Net Income 2018: -$35,9502018Revenue 2019: $318,500Expenses 2019: $275,045Net Income 2019: $43,4552019Revenue 2020: $169,500Expenses 2020: $156,108Net Income 2020: $13,3922020Revenue 2021: $156,500Expenses 2021: $211,440Net Income 2021: -$54,9402021Revenue 2022: $234,003Expenses 2022: $313,039Net Income 2022: -$79,0362022Revenue 2023: $324,500Expenses 2023: $311,942Net Income 2023: $12,5582023Revenue 2024: $415,968Expenses 2024: $412,800Net Income 2024: $3,1682024Revenue 2025: $408,297Expenses 2025: $360,531Net Income 2025: $47,7662025

Highlighted filing

2017

Revenue$102,705
Expenses$155,046
Net Income-$52,341
Jump To
Filing Snapshot
Filing Period
Mar 1, 2016 to Feb 28, 2017
Signed
Jan 12, 2018
Return Version
2016v3.1
Gross Receipts
$102,705
Mission and Program Overview

Mission

THE FOUNDATION RAISES FUNDS TO CONTRIBUTE TO OTHER ORGANIZATIONS WHICH HAVE ESTABLISHED THEIR TAX EXEMPT STATUS UNDER SECTION 501(c)(3) AND WHICH ASSIST THE UNFORTUNATE AND UNDERPRIVILEGED. THE FOUNDATION HOSTS AN ANNUAL AWARD DINNER AT WHICH SEVERAL INDIVIDUALS INVOLVED IN THE HOMEBUILDING INDUSTRY ARE HONORED. THE HONOREES SELECT ONE OR MORE 501(c)(3) ORGANIZATIONS TO RECEIVE CASH CONTRIBUTIONS TO FURTHER THEIR CHARITABLE ACTIVITIES.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$327,397$337,474▲ $10,077
Rtn Earn Endowment Incm Other Fnds$362,315$309,974▼ $52,341
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$362,315$337,474▼ $24,841
Other Assets Total$34,918$0▼ $34,918
Liabilities
Deferred Revenue$0$27,500▲ $27,500
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$27,500▲ $27,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$362,315$309,974▼ $52,341
Total Liabilities and Net Assets / Fund Balance$362,315$337,474▼ $24,841
Compensation and Service Providers

Board Members and Trustees

NameTitle
Frank AntonDirector & Co-president
Mark a PorathDirector & Co-president
Steve C PorathDirector & Secretary/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$102,500
Program Service Revenue
$0
Investment Income
$205
Other Revenue
$0
All Other Contributions
$12,000
Change in Net Assets
$-52,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,000
Other Expenses$5,046
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,000--$150,000
Fees for Services Accounting$5,000--$5,000
Other Expenses$46$0$0$46
Total Functional Expenses$155,046$0$0$155,046
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Homebuilding Community FoundationHouston, TX501(c)(3)Award for Lifetime Commitment to Public Service$150,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundrasing$102,500---
Total Events$102,500---
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 2:

Mark porath and steven porath (board members) have a business relationship together in that they are both employed by hearthstone, inc.

FORM 990, PART VI, LINE 8A:

The organizations three directors as listed on form 990 part vii do not have written documentation but hold meetings periodically to discuss and verbally agree on the actions undertaken in the organization.

FORM 990, PART VI, LINE 8B:

The organizations three directors as listed on form 990 part vii do not have written documentation but hold meetings periodically to discuss and verbally agree on the actions undertaken in the organization.

FORM 990, PART VI, SECTION B, LINE 11:

The form 990 was prepared by an independednt outside accounting firm. The form 990 was reviewed by the organizations management. The directors were able to review the form 990 for the current year. Form 990 is distributed to the board of directors for their comments prior to filing.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its form 990 available to the public by another website: www.guidestar.com and upon request. Other organizational documents, such as governing documents are not made available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Hearthstone Builder Award Foundation
EIN
94-3380797
In Care Of
% MARK A PORATH
Phone
8183850005
Address
24151 VENTURA BOULEVARD, CALABASAS, CA 91302

Signing Officer

Name
Mark a Porath
Title
Co-president
Phone
8183850005
Signed
2018-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Porath
Formed
2001
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
725 South Figueroa Street, Los Angeles, CA 90017
Preparer
Christopher P Kearley
Phone
2139773200
Supplemental Narrative

Additional Explanations

FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATIONAL MISSION:

THE FOUNDATION RAISES FUNDS TO CONTRIBUTE TO OTHER ORGANIZATIONS WHICH HAVE ESTABLISHED THEIR TAX EXEMPT STATUS UNDER SECTION 501(c)(3) AND WHICH ASSIST THE UNFORTUNATE AND UNDERPRIVILEGED. THE FOUNDATION HOSTS AN ANNUAL AWARD DINNER AT WHICH SEVERAL INDIVIDUALS INVOLVED IN THE HOMEBUILDING INDUSTRY ARE HONORED. THE HONOREES SELECT ONE OR MORE 501(c)(3) ORGANIZATIONS TO RECEIVE CASH CONTRIBUTIONS TO FURTHER THEIR CHARITABLE ACTIVITIES.

FORM 990, PART III, LINE 1:

THE FOUNDATION RAISES FUNDS TO CONTRIBUTE TO OTHER ORGANIZATIONS WHICH HAVE ESTABLISHED THEIR TAX EXEMPT STATUS UNDER SECTION 501(c)(3) AND WHICH ASSIST THE UNFORTUNATE AND UNDERPRIVILEGED. THE FOUNDATION HOSTS AN ANNUAL AWARD DINNER AT WHICH SEVERAL INDIVIDUALS INVOLVED IN THE HOMEBUILDING INDUSTRY ARE HONORED. THE HONOREES SELECT ONE OR MORE 501(c)(3) ORGANIZATIONS TO RECEIVE CASH CONTRIBUTIONS TO FURTHER THEIR CHARITABLE ACTIVITIES.

Raw XML AppendixShowing 400 of 425 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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IRS990ScheduleA/PublicSupportPY170Pct00.48235
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0183718
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0102500
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRASING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0102500
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IRS990ScheduleI/RecipientTable/CashGrantAmt0150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AWARD FOR LIFETIME COMMITMENT TO PUBLIC SERVICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOMEBUILDING COMMUNITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0300098254
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05120 WOODWAY DRIVE SUITE 6000
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077056
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ONLY CONTRIBUTES TO 501(C)(3) ORGANIYATIONS THAT ARE PUBLIC CHARITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RAISES FUNDS TO CONTRIBUTE TO OTHER ORGANIZATIONS WHICH HAVE ESTABLISHED THEIR TAX EXEMPT STATUS UNDER SECTION 501(c)(3) AND WHICH ASSIST THE UNFORTUNATE AND UNDERPRIVILEGED. THE FOUNDATION HOSTS AN ANNUAL AWARD DINNER AT WHICH SEVERAL INDIVIDUALS INVOLVED IN THE HOMEBUILDING INDUSTRY ARE HONORED. THE HONOREES SELECT ONE OR MORE 501(c)(3) ORGANIZATIONS TO RECEIVE CASH CONTRIBUTIONS TO FURTHER THEIR CHARITABLE ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION RAISES FUNDS TO CONTRIBUTE TO OTHER ORGANIZATIONS WHICH HAVE ESTABLISHED THEIR TAX EXEMPT STATUS UNDER SECTION 501(c)(3) AND WHICH ASSIST THE UNFORTUNATE AND UNDERPRIVILEGED. THE FOUNDATION HOSTS AN ANNUAL AWARD DINNER AT WHICH SEVERAL INDIVIDUALS INVOLVED IN THE HOMEBUILDING INDUSTRY ARE HONORED. THE HONOREES SELECT ONE OR MORE 501(c)(3) ORGANIZATIONS TO RECEIVE CASH CONTRIBUTIONS TO FURTHER THEIR CHARITABLE ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MARK PORATH AND STEVEN PORATH (BOARD MEMBERS) HAVE A BUSINESS RELATIONSHIP TOGETHER IN THAT THEY ARE BOTH EMPLOYED BY HEARTHSTONE, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS THREE DIRECTORS AS LISTED ON FORM 990 PART VII DO NOT HAVE WRITTEN DOCUMENTATION BUT HOLD MEETINGS PERIODICALLY TO DISCUSS AND VERBALLY AGREE ON THE ACTIONS UNDERTAKEN IN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS THREE DIRECTORS AS LISTED ON FORM 990 PART VII DO NOT HAVE WRITTEN DOCUMENTATION BUT HOLD MEETINGS PERIODICALLY TO DISCUSS AND VERBALLY AGREE ON THE ACTIONS UNDERTAKEN IN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 WAS PREPARED BY AN INDEPENDEDNT OUTSIDE ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED BY THE ORGANIZATIONS MANAGEMENT. THE DIRECTORS WERE ABLE TO REVIEW THE FORM 990 FOR THE CURRENT YEAR. FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR THEIR COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY ANOTHER WEBSITE: WWW.GUIDESTAR.COM AND UPON REQUEST. OTHER ORGANIZATIONAL DOCUMENTS, SUCH AS GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATIONAL MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 8A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19:
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IRS990/TerminateOperationsInd0false
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CALABASAS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd091302
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK A PORATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08183850005
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEARTHSTONE BUILDER AWARD FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0943380797

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.60$0.00$2.60$4.08$3.61$0.48
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$4.16$4.13$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$3.25$3.12$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$2.34$3.13$0.79
2021Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$1.57$2.11$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$1.70$1.56$0.13
2019Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$3.19$2.75$0.43
2018Detailed filing. Detailed filing data is available for this year.$3.03$0.29$2.74$1.18$1.54$0.36
2017Detailed filing. Detailed filing data is available for this year.$3.37$0.28$3.10$1.03$1.55$0.52
2016Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$0.91$1.00$0.09
2015Summary only. Only limited summary data is available for this year.$3.71$0.00$3.71$0.01$0.11$0.11
2014Summary only. Only limited summary data is available for this year.$3.82$0.00$3.82$1.41$1.63$0.22
2013Summary only. Only limited summary data is available for this year.$4.04$0.00$4.04$1.86$2.05$0.18
2012Summary only. Only limited summary data is available for this year.$4.22$0.00$4.22$2.05$2.13$0.08
2011Summary only. Only limited summary data is available for this year.$4.58$0.27$4.31$2.54$2.64$0.10