Civic Intelligence

Matthew C Sellitto Foundation Inc.

990 • Fiscal year 2014 • EIN 03-0436958

May 01, 2013 to Apr 30, 2014 • Filed on Oct 08, 2014

PO Box 1New Vernon, NJ 07976

(646) 229-5216

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.00x

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

2014 filings • NTEE B82 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

0.00x

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

2014 filings • NTEE B82 • <$500k nonprofits • Source year 2014

Net Margin

5th percentile

-258%

Higher net margin than 5% of similar nonprofits.

2014 filings • NTEE B82 • <$500k nonprofits • Source year 2014

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2014 filings • NTEE B82 • <$500k nonprofits • Source year 2014

Asset Growth

5th percentile

-49%

Faster asset growth than 5% of similar nonprofits.

2014 filings • NTEE B82 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

29th percentile

-19%

Faster revenue growth than 29% of similar nonprofits.

2014 filings • NTEE B82 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$127,276

Down $124,165 (-49%) from 2013

Net Assets

Down

$127,276

Down $124,165 (-49%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$48,075

Down $10,955 (-19%) from 2013

Expenses

Up

$172,240

Up $3,096 (+1.8%) from 2013

Net Income

Down

-$124,165

Down $14,051 (-13%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $363,816Liabilities 2011: $0Net Assets 2011: $363,8162011Assets 2012: $361,572Liabilities 2012: $0Net Assets 2012: $361,5722012Assets 2013: $251,441Liabilities 2013: $0Net Assets 2013: $251,4412013Assets 2014: $127,276Liabilities 2014: $0Net Assets 2014: $127,2762014Assets 2015: $128,583Liabilities 2015: $0Net Assets 2015: $128,5832015Assets 2016: $125,602Liabilities 2016: $0Net Assets 2016: $125,6022016Assets 2017: $113,970Liabilities 2017: $0Net Assets 2017: $113,9702017Assets 2018: $107,110Liabilities 2018: $0Net Assets 2018: $107,1102018Assets 2019: $109,987Liabilities 2019: $0Net Assets 2019: $109,9872019Assets 2020: $104,733Liabilities 2020: $0Net Assets 2020: $104,7332020Assets 2021: $85,932Liabilities 2021: $0Net Assets 2021: $85,9322021Assets 2022: $75,278Liabilities 2022: $0Net Assets 2022: $75,2782022Assets 2023: $56,810Liabilities 2023: $0Net Assets 2023: $56,8102023Assets 2024: $58,747Liabilities 2024: $0Net Assets 2024: $58,7472024Assets 2025: $49,589Liabilities 2025: $0Net Assets 2025: $49,5892025

Highlighted filing

2014

Assets$127,276
Liabilities$0
Net Assets$127,276

Operations Trend

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

$200K$100K$0-$100K-$200KExpenses 2011: $47,9012011Expenses 2012: $70,3372012Revenue 2013: $59,030Expenses 2013: $169,144Net Income 2013: -$110,1142013Revenue 2014: $48,075Expenses 2014: $172,240Net Income 2014: -$124,1652014Revenue 2015: $48,570Expenses 2015: $47,263Net Income 2015: $1,3072015Revenue 2016: $39,700Expenses 2016: $42,681Net Income 2016: -$2,9812016Revenue 2017: $51,928Expenses 2017: $51,755Net Income 2017: $1732017Revenue 2018: $10,393Expenses 2018: $17,253Net Income 2018: -$6,8602018Revenue 2019: $28,478Expenses 2019: $25,601Net Income 2019: $2,8772019Revenue 2020: $35,953Expenses 2020: $41,207Net Income 2020: -$5,2542020Revenue 2021: $27,670Expenses 2021: $46,471Net Income 2021: -$18,8012021Revenue 2022: $35,590Expenses 2022: $46,244Net Income 2022: -$10,6542022Revenue 2023: $21,868Expenses 2023: $40,336Net Income 2023: -$18,4682023Revenue 2024: $39,526Expenses 2024: $37,589Net Income 2024: $1,9372024Revenue 2025: $1,257Expenses 2025: $10,415Net Income 2025: -$9,1582025

Highlighted filing

2014

Revenue$48,075
Expenses$172,240
Net Income-$124,165
Jump To
Filing Snapshot
Filing Period
May 1, 2013 to Apr 30, 2014
Signed
Oct 8, 2014
Return Version
2013v3.0
Gross Receipts
$48,075
Mission and Program Overview

Mission

The mcs foundation awards grants and scholarships to deserving young people demonstrating financial need, academic excellence, school participation and community service; and awards grants to educational institutions involved in organizing 9/11 service and remembrance activities in accordance with the guidelines set by the federal law passed on april 21, 2009. The foundation also supports other worthy causes that are representative of those that matthew cherished during his life.

Financial aid for education and other causes that were important to Matthew C. Sellitto

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$251,441$127,276▼ $124,165
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--
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$251,441$127,276▼ $124,165
Other Assets Total$0$0→ $0
Liabilities
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--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$251,441$127,276▼ $124,165
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$251,441$127,276▼ $124,165
Total Liabilities and Net Assets / Fund Balance$251,441$127,276▼ $124,165
Compensation and Service Providers

Board Members and Trustees

NameTitle
James F RhaticanPresident
Jonathan SellittoVice President
Loreen D SellittoVice President
Matthew T SellittoVice President
William MagnierSecretary
William HaemmerleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$47,877
Program Service Revenue
$0
Investment Income
$198
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-124,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$121,500
Other Expenses$40,240
Total Fundraising Expense$32,912
Professional Fundraising Fees$10,500
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$106,000--$106,000
Grants to Domestic Individuals$15,500--$15,500
Advertising$0$12,922$0$12,922
Fees for Services Professional Fundraising--$10,500$10,500
Other Expenses$0$0$9,598$9,598
Conferences and Meetings$0$3,635$0$3,635
Travel$0$667$0$667
Office Expenses$0$444$0$444
Total Functional Expenses$121,500$17,828$32,912$172,240
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
51-0064335-501(c)(3)Cash to establish endowment at Wesley College$50,000
22-2807217-501(c)(3)Cash to establish endoment at Seton Hall Prep$50,000
38-3678458-501(c)(3)Sponsor teacher training classes.$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,500

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$47,877$47,877$11,521$36,356
Total Events$47,877$47,877$22,644$25,233
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Presentation to the board via e-mail and question and answers were applicable.

Form 990, Part VI, Section C, Line 19

We will provide a copy to any individual or entity that makes a written request

Filing and Contact Details

Filer

EIN
03-0436958
Phone
6462295216

Signing Officer

Name
William Haemmerle
Title
Treasurer
Phone
6462295216
Signed
2014-10-08

Organization Details

Principal Officer
William Haemmerle
Formed
2002
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
2
Employees
0
Volunteers
10
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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/PersonNm0Matthew T Sellitto
IRS990/Form990PartVIISectionAGrp/PersonNm1Loreen D Sellitto
IRS990/Form990PartVIISectionAGrp/PersonNm2James F Rhatican
IRS990/Form990PartVIISectionAGrp/PersonNm3William Haemmerle
IRS990/Form990PartVIISectionAGrp/PersonNm4Jonathan Sellitto
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/MissionDesc0The MCS Foundation awards grants and scholarships to deserving young people demonstrating financial need, academic excellence, school participation and community service; and awards grants to educational institutions involved in organizing 9-11 service and remembrance activities in accordance with the guidelines set by the Federal law passed on April 21, 2009. The Foundation also supports other worthy causes that are representative of those that Matthew cherished during his life.
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IRS990/OfficeExpensesGrp/TotalAmt0444
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Gifts and awards for golf outing
IRS990/OtherExpensesGrp/Desc1Business Registration fees
IRS990/OtherExpensesGrp/Desc2Cost for event rental and food
IRS990/OtherExpensesGrp/FundraisingAmt012814
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt29598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1160
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt012814
IRS990/OtherExpensesGrp/TotalAmt1160
IRS990/OtherExpensesGrp/TotalAmt29598
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd01
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0William Haemmerle
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Direct student financial aid to 7 deserving students
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt015500
IRS990/ProgSrvcAccomActy2Grp/GrantAmt015500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0September 11 families association education grant
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt06000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt06000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt058017
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0134000
IRS990/PYInvestmentIncomeAmt01013
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt024644
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-110114
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0169144
IRS990/PYTotalProfFndrsngExpnsAmt010500
IRS990/PYTotalRevenueAmt059030
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-124165
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0251441
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0127276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt047877
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt058017
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt066918
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt053447
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt066901
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0293160
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.01$0.10$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.40$0.38$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.22$0.40$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.36$0.46$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.28$0.46$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.36$0.41$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$0.28$0.26$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.10$0.17$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.52$0.52$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.40$0.43$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.49$0.47$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.48$1.72$1.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.00$2.51$0.59$1.69$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.00$3.62$0.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.00$3.64$0.48