Civic Intelligence

Polish Retirement Foundation

990 • Fiscal year 2016 • EIN 95-2965444

Jan 01, 2016 to Dec 31, 2016 • Filed on May 17, 2017

3400 W Adams BlvdLos Angeles, CA 90018

(310) 398-1787

Siviq Scores

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

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

43rd percentile

0.02x

Higher debt load relative to revenue than 43% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

63rd percentile

8.3%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

52nd percentile

2.3%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

58th percentile

6.9%

Faster revenue growth than 58% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$885,712

Up $19,492 (+2.3%) from 2015

Net Assets

Up

$880,535

Up $20,026 (+2.3%) from 2015

Liabilities

Down

$5,177

Down $534 (-9.4%) from 2015

Revenue

Up

$242,441

Up $15,671 (+6.9%) from 2015

Expenses

Up

$222,415

Up $12,273 (+5.8%) from 2015

Net Income

Up

$20,026

Up $3,398 (+20%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $545,992Liabilities 2010: $1,278Net Assets 2010: $544,7142010Assets 2011: $546,912Liabilities 2011: $1,800Net Assets 2011: $545,1122011Assets 2012: $706,911Liabilities 2012: $6,776Net Assets 2012: $700,1352012Assets 2013: $846,946Liabilities 2013: $7,146Net Assets 2013: $839,8002013Assets 2014: $846,669Liabilities 2014: $2,788Net Assets 2014: $843,8812014Assets 2015: $866,220Liabilities 2015: $5,711Net Assets 2015: $860,5092015Assets 2016: $885,712Liabilities 2016: $5,177Net Assets 2016: $880,5352016Assets 2017: $886,953Liabilities 2017: $6,012Net Assets 2017: $880,9412017Assets 2018: $881,628Liabilities 2018: $9,087Net Assets 2018: $872,5412018Assets 2019: $842,297Liabilities 2019: $12,810Net Assets 2019: $829,4872019Assets 2020: $839,811Liabilities 2020: $10,788Net Assets 2020: $829,0232020Assets 2021: $858,417Liabilities 2021: $13,614Net Assets 2021: $844,8032021Assets 2022: $885,746Liabilities 2022: $12,237Net Assets 2022: $873,5092022Assets 2023: $886,506Liabilities 2023: $18,795Net Assets 2023: $867,7112023Assets 2024: $1,264,808Liabilities 2024: $15,234Net Assets 2024: $1,249,5742024

Highlighted filing

2016

Assets$885,712
Liabilities$5,177
Net Assets$880,535

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $196,3812010Expenses 2011: $202,7622011Expenses 2012: $221,8252012Revenue 2013: $371,313Expenses 2013: $231,634Net Income 2013: $139,6792013Revenue 2014: $214,454Expenses 2014: $210,373Net Income 2014: $4,0812014Revenue 2015: $226,770Expenses 2015: $210,142Net Income 2015: $16,6282015Revenue 2016: $242,441Expenses 2016: $222,415Net Income 2016: $20,0262016Revenue 2017: $242,115Expenses 2017: $241,709Net Income 2017: $4062017Revenue 2018: $230,909Expenses 2018: $239,309Net Income 2018: -$8,4002018Revenue 2019: $266,653Expenses 2019: $309,707Net Income 2019: -$43,0542019Revenue 2020: $185,294Expenses 2020: $185,758Net Income 2020: -$4642020Revenue 2021: $160,713Expenses 2021: $144,933Net Income 2021: $15,7802021Revenue 2022: $227,145Expenses 2022: $198,439Net Income 2022: $28,7062022Revenue 2023: $214,495Expenses 2023: $220,293Net Income 2023: -$5,7982023Revenue 2024: $545,452Expenses 2024: $163,589Net Income 2024: $381,8632024

Highlighted filing

2016

Revenue$242,441
Expenses$222,415
Net Income$20,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 17, 2017
Return Version
2016v3.0
Gross Receipts
$263,150
Mission and Program Overview

Mission

HOUSING FOR SENIORS

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$493,302$513,878▲ $20,576
Savings and Temporary Cash Investments$335,666$358,542▲ $22,876
Cash and Non-Interest-Bearing Accounts$35,966$10,976▼ $24,990
Total Assets$866,220$885,712▲ $19,492
Other Assets Total$1,286$2,316▲ $1,030
Liabilities
Other Liabilities$5,711$5,177▼ $534
Total Liabilities$5,711$5,177▼ $534
Net Assets / Fund Balance
Unrestricted Net Assets$860,509$880,535▲ $20,026
Total Net Assets Fund Balance$860,509$880,535▲ $20,026
Total Liabilities and Net Assets / Fund Balance$866,220$885,712▲ $19,492

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$895,968-$895,968
Equipment$-382,090$382,090-
Other Assets Org$1,441--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Grazyna WiacekPresident
Irena NiestatekDirector
Jan BorkowskiDirector
Lech MakiewiczDirector
Zbyslaw PetrykaSecretary
Krystyna DankoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,200
Program Service Revenue
$202,692
Investment Income
$2,726
Other Revenue
$23,823
All Other Contributions
$12,540
Change in Net Assets
$20,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,771
Salaries, Compensation, and Employee Benefits$79,644
Total Fundraising Expense$7,063
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$73,336--$73,336
Insurance$15,124$15,124-$30,248
Occupancy$19,107$1,124$2,247$22,478
Depreciation Depletion$10,930--$10,930
Other Expenses$7,788$974$974$9,736
Payroll Taxes$6,308--$6,308
Travel$2,099$2,099-$4,198
Fees for Services Accounting-$2,400-$2,400
Office Expenses-$419-$419
Fees for Services Other-$50-$50
Total Functional Expenses$187,288$28,064$7,063$222,415
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,532
Fundraising Direct Expenses$20,709
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinners and$44,532$44,532-$44,532
Total Events$44,532$44,532$20,709$23,823
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$3,705
Payroll Taxes$1,272
Accrued Expenses$200
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
Yes
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Stefania sowa and joe sowa are husband and wife.

Members or stockholder classes and rights Part VI line 6

All members have equal rights

Governing body decisions Part VI line 7B

Board of directors decisions are reviewed by audit committee and approved at the annual general meeting

Governing body meeting documentation Part VI line 8A

Corporation has minutes from its monthly board of directors meetings

Form 990 governing body review Part VI line 11

Copy of form 990 is available for review

Conflict of interest policy compliance Part VI line 12C

All actions taken by the organization are monitored to make sure that there is no conflict of interest.

CEO executive director top management comp Part VI line 15A

There is no officer pay and no employee is paid more than $50,000.

Other officer or key employee compensation Part VI line 15B

There is no officer compensation and all employee compensation is reviewed periodicaly by the board.

Form 990 availability to public Part VI line 18

Governing documents will be available to public upon request.

Governing documents etc available to public Part VI line 19

The organization conducts an annual general meeting open to the Polish American community in Southern California where the governing organizational documents are made available for all to view.

Filing and Contact Details

Filer

Filer Name
Polish Retirement Foundation
EIN
95-2965444
Address
3400 W ADAMS BLVD, Los Angeles, CA 90018

Signing Officer

Name
Grazyna Wiacek
Title
President
Phone
3103981787
Signed
2017-05-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Grazyna Wiacek
Formed
1974
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
4

Preparer

Firm
Grazyna M Wiacek CPA
Address
5184 Stevens Circle, Culver City, CA 90230
Preparer
Grazyna Wiacek
Phone
3103981787
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0330684
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0337613
IRS990ScheduleA/Total509Grp/TotalAmt01280830
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0382090
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11441
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER RECEIVABLE
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0895968
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1200
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deposits
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IRS990ScheduleD/TotalLiabilityAmt05177
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNERS AND
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044532
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEFANIA SOWA AND JOE SOWA ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS HAVE EQUAL RIGHTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS DECISIONS ARE REVIEWED BY AUDIT COMMITTEE AND APPROVED AT THE ANNUAL GENERAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CORPORATION HAS MINUTES FROM ITS MONTHLY BOARD OF DIRECTORS MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPY OF FORM 990 IS AVAILABLE FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL ACTIONS TAKEN BY THE ORGANIZATION ARE MONITORED TO MAKE SURE THAT THERE IS NO CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE IS NO OFFICER PAY AND NO EMPLOYEE IS PAID MORE THAN $50,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE IS NO OFFICER COMPENSATION AND ALL EMPLOYEE COMPENSATION IS REVIEWED PERIODICALY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS WILL BE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9The organization conducts an annual general meeting open to the Polish American community in Southern California where the governing organizational documents are made available for all to view.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Governing documents etc available to public Part VI line 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028064
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0187288
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222415
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05711
IRS990/TotalLiabilitiesEOYAmt05177
IRS990/TotalLiabilitiesGrp/BOYAmt05711
IRS990/TotalLiabilitiesGrp/EOYAmt05177
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0860509
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0880535
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0187288
IRS990/TotalProgramServiceRevenueAmt0202692
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt023823
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0205418
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242441
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0866220
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0885712
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt02099
IRS990/TravelGrp/ProgramServicesAmt02099
IRS990/TravelGrp/TotalAmt04198
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0860509
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0880535
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05184 STEVENS CIRCLE
IRS990/USAddress/CityNm0CULVER CITY
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090230
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0GRAZYNA WIACEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03103981787
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLISH RETIREMENT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0POLI
ReturnHeader/Filer/EIN0952965444
ReturnHeader/Filer/USAddress/AddressLine1Txt03400 W ADAMS BLVD
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090018
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09EBC6A8E405804302129491C0E3E52D3C9F33CF8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09EBC6A8E405804302129491C0E3E52D3C9F33CF8
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId09573502017137ftsvuas
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-05-17
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.241.197.115
ReturnHeader/FilingSecurityInformation/IPDt02017-05-17
ReturnHeader/FilingSecurityInformation/IPTm012:41:22

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.02$1.25$0.55$0.16$0.38
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$0.21$0.22$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.87$0.23$0.20$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.84$0.16$0.14$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$0.19$0.19$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.01$0.83$0.27$0.31$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.01$0.87$0.23$0.24$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$0.24$0.24$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$0.24$0.22$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.01$0.86$0.23$0.21$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.84$0.21$0.21$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.37$0.23$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.01$0.70$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.54$0.20