Civic Intelligence

The Westminster School Foundation

990 • Fiscal year 2014 • EIN 99-0369928

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

630 Fifth Ave No 39 FlrNew York, NY 10111

(212) 708-9231

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.23x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.22x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Net Margin

90th percentile

43%

Higher net margin than 90% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Asset Growth

96th percentile

173%

Faster asset growth than 96% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

29%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$694,493

Up $439,752 (+173%) from 2013

Net Assets

Up

$535,203

Up $285,573 (+114%) from 2013

Liabilities

Up

$159,290

Up $154,179 (+3017%) from 2013

Revenue

Up

$718,061

Up $161,951 (+29%) from 2013

Expenses

Down

$405,969

Down $211,315 (-34%) from 2013

Net Income

Up

$312,092

Up $373,266 (+610%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2012: $346,177Liabilities 2012: $46,067Net Assets 2012: $300,1102012Assets 2013: $254,741Liabilities 2013: $5,111Net Assets 2013: $249,6302013Assets 2014: $694,493Liabilities 2014: $159,290Net Assets 2014: $535,2032014Assets 2015: $419,220Liabilities 2015: $5,994Net Assets 2015: $413,2262015Assets 2016: $250,389Liabilities 2016: $19,558Net Assets 2016: $230,8312016Assets 2017: $298,851Liabilities 2017: $236,695Net Assets 2017: $62,1562017Assets 2018: $385,548Liabilities 2018: $329,322Net Assets 2018: $56,2262018Assets 2019: $457,792Liabilities 2019: $425,521Net Assets 2019: $32,2712019Assets 2020: $334,473Liabilities 2020: $317,671Net Assets 2020: $16,8022020Assets 2021: $472,491Liabilities 2021: $477,649Net Assets 2021: -$5,1582021Assets 2022: $339,261Liabilities 2022: $337,696Net Assets 2022: $1,5652022Assets 2023: $85,769Liabilities 2023: $89,502Net Assets 2023: -$3,7332023Assets 2024: $696,485Liabilities 2024: $316,511Net Assets 2024: $379,9742024

Highlighted filing

2014

Assets$694,493
Liabilities$159,290
Net Assets$535,203

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2012: $363,938Expenses 2012: $63,828Net Income 2012: $300,1102012Revenue 2013: $556,110Expenses 2013: $617,284Net Income 2013: -$61,1742013Revenue 2014: $718,061Expenses 2014: $405,969Net Income 2014: $312,0922014Revenue 2015: $310,771Expenses 2015: $413,022Net Income 2015: -$102,2512015Revenue 2016: $235,453Expenses 2016: $89,138Net Income 2016: $146,3152016Revenue 2017: $53,774Expenses 2017: $232,397Net Income 2017: -$178,6232017Revenue 2018: $331,747Expenses 2018: $335,301Net Income 2018: -$3,5542018Revenue 2019: $122,615Expenses 2019: $146,335Net Income 2019: -$23,7202019Revenue 2020: $233,323Expenses 2020: $247,350Net Income 2020: -$14,0272020Revenue 2021: $160,203Expenses 2021: $182,339Net Income 2021: -$22,1362021Revenue 2022: $192,924Expenses 2022: $184,810Net Income 2022: $8,1142022Revenue 2023: $136,125Expenses 2023: $141,450Net Income 2023: -$5,3252023Revenue 2024: $624,713Expenses 2024: $222,673Net Income 2024: $402,0402024

Highlighted filing

2014

Revenue$718,061
Expenses$405,969
Net Income$312,092
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$743,990
Mission and Program Overview

Mission

The westminster school foundation was created for the support of the advancement of learning and education and any purposes that are exclusively religious, charitable, scientific or educational within the meaning of section 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$94,149$395,339▲ $301,190
Cash and Non-Interest-Bearing Accounts$160,592$299,154▲ $138,562
Total Assets$254,741$694,493▲ $439,752
Liabilities
Grants Payable-$153,000-
Accounts Payable and Accrued Expenses$5,111$6,290▲ $1,179
Total Liabilities$5,111$159,290▲ $154,179
Net Assets / Fund Balance
Temporarily Rstr Net Assets$131,887$290,165▲ $158,278
Unrestricted Net Assets$117,743$245,038▲ $127,295
Total Net Assets Fund Balance$249,630$535,203▲ $285,573
Total Liabilities and Net Assets / Fund Balance$254,741$694,493▲ $439,752
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ian M WinchesterDirector / President
David BrigstockePresident
Angelia GarvichSecretary
Henry P DavisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$717,779
Program Service Revenue
$0
Investment Income
$282
Other Revenue
$0
All Other Contributions
$714,688
Change in Net Assets
$312,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$383,335
Other Expenses$15,941
Professional Fundraising Fees$6,693
Total Fundraising Expense$6,693
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$383,335--$383,335
Fees for Services Accounting-$12,350-$12,350
Fees for Services Professional Fundraising--$6,693$6,693
Fees for Services Legal-$3,428-$3,428
Fees for Services Other-$163-$163
Total Functional Expenses$383,335$15,941$6,693$405,969
International Activity

International Summary

Offices
1
Employees
1
Spending
$383,335

International Compliance

Foreign grant records maintained
Yes
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesTo Support the Advancement of Learning and Education and Any Purposes That Are Exclusively Religious, Charitable, Scientific or Educational.11$383,335
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,693
Fundraising Direct Expenses$0
Fundraising Gross Income$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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The board of directors are the members of the organization.

Form 990, Part VI, Section A, Line 7A

All members are entitled to vote for members of the governing board.

Form 990, Part VI, Section A, Line 7B

Basic governance of the organization is approved by voting members of the board.

Form 990, Part VI, Section B, Line 11

The westminster school foundation's annual form 990 is prepared by the organization's independent accounting firm. The tax return was distributed to the board of directors for review prior to filing.

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

All persons able to deliberate or vote are covered by the conflict of interest policy. The board would review any actual conflicts and anyone with a conflict would be prohibited from participating in the governing body's deliberations and decisions.

Form 990, Part VI, Section C, Line 19

The westminster school foundation's governing documents and financial statements are available to the public on request

Form 990, Part VII, Section A

David brigstocke resigned from his position as president in august 2014. Ian winchester was appointed to his position as president (previously director) in august 2014.

Filing and Contact Details

Filer

Filer Name
The Westminster School Foundation
EIN
99-0369928
Phone
2127089231
Address
630 FIFTH AVE NO 39 FLR, NEW YORK, NY 10111
Doing Business As
Co Henry P Davison Bessemer Trust

Signing Officer

Name
Henry P Davison
Title
Treasurer
Phone
2127089231
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Winchester
Formed
2011
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
2

Preparer

Firm
Buzzacott Livingstone
Address
UK
Preparer
Anthony Hopson
Phone
2075561400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Currency fluctuations -26,519.

Raw XML Appendix365 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR / PRESIDENT
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IRS990/FundraisingGrossIncomeAmt00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TO SUPPORT THE ADVANCEMENT OF LEARNING AND EDUCATION AND ANY PURPOSES THAT ARE EXCLUSIVELY RELIGIOUS, CHARITABLE, SCIENTIFIC OR EDUCATIONAL.
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0ELECTRONIC TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0THE PURPOSE OF THE GRANTS WERE TO SUPPORT THE WESTMINSTER SCHOOL FOUNDATION UK'S BURSARY PROGRAMME ($174,584) AND SUPPORT THE WESTMINSTER SCHOOL FOUNDATION UK'S CAPITAL CAMPAIGN ($208,751). THE GRANTS ARE IN LINE WITH THE WESTMINSTER SCHOOL FOUNDATION'S MISSION AND TO MEET IT'S COMMITMENT PROVIDING THE MATERIALS AND OPPORTUNITIES NECESSARY TO FACILITATE LEARNING AT IT'S HIGHEST LEVEL, AND TO ENSURING THAT ALL THOSE WITH THE CAPACITY TO BENEFIT FROM A WESTMINSTER EDUCATION ARE ALLOWED THE CHANCE TO DO SO, REGARDLESS OF THEIR FINANCIAL BACKGROUND.
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IRS990ScheduleF/Total501c3OrgCnt01
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IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS ARE THE MEMBERS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS ARE ENTITLED TO VOTE FOR MEMBERS OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BASIC GOVERNANCE OF THE ORGANIZATION IS APPROVED BY VOTING MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE WESTMINSTER SCHOOL FOUNDATION'S ANNUAL FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM. THE TAX RETURN WAS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL PERSONS ABLE TO DELIBERATE OR VOTE ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE BOARD WOULD REVIEW ANY ACTUAL CONFLICTS AND ANYONE WITH A CONFLICT WOULD BE PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE WESTMINSTER SCHOOL FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DAVID BRIGSTOCKE RESIGNED FROM HIS POSITION AS PRESIDENT IN AUGUST 2014. IAN WINCHESTER WAS APPOINTED TO HIS POSITION AS PRESIDENT (PREVIOUSLY DIRECTOR) IN AUGUST 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CURRENCY FLUCTUATIONS -26,519.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE WESTMINSTER SCHOOL FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0WESTMINSTER SCHOOL FOUNDATION UK LTD
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0981020427
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0442390
IRS990ScheduleR/IdDisregardedEntitiesGrp/ForeignAddress/AddressLine1Txt016 OLD BAILEY
IRS990ScheduleR/IdDisregardedEntitiesGrp/ForeignAddress/CityNm0LONDON
IRS990ScheduleR/IdDisregardedEntitiesGrp/ForeignAddress/CountryCd0UK
IRS990ScheduleR/IdDisregardedEntitiesGrp/ForeignAddress/ForeignPostalCd0EC4M 7EG
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileForeignCountryCd0UK
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO SUPPORT THE ADVANCEMENT OF LEARNING AND EDUCATION.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0570028
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0131887
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0290165
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0254741
IRS990/TotalAssetsEOYAmt0694493
IRS990/TotalAssetsGrp/BOYAmt0254741
IRS990/TotalAssetsGrp/EOYAmt0694493
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0717779
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06693
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015941
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0383335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0405969
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05111
IRS990/TotalLiabilitiesEOYAmt0159290
IRS990/TotalLiabilitiesGrp/BOYAmt05111
IRS990/TotalLiabilitiesGrp/EOYAmt0159290
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0249630
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0535203
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0383335
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0282
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0718061
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0254741
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0694493
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0117743
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0245038
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0271 CNTRL PK WST APT 2E
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010024
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HENRY P DAVISON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02127089231
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WESTMINSTER SCHOOL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0990369928
ReturnHeader/Filer/PhoneNum02127089231
ReturnHeader/Filer/USAddress/AddressLine1Txt0630 FIFTH AVE NO 39 FLR
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010111
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0980363804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUZZACOTT LIVINGSTONE
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/AddressLine1Txt0130 WOOD STREET
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CityNm0LONDON
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CountryCd0UK
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/ForeignPostalCd0.
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/ProvinceOrStateNm0EC2V 6DL
ReturnHeader/PreparerPersonGrp/PhoneNum02075561400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY HOPSON
ReturnHeader/ReturnTs02015-08-12T08:38:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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