Civic Intelligence

The Cosette Charitable Fund

990PF • Fiscal year 2021 • EIN 04-3416880

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 23, 2022

PO Box 538Dover, MA 02030

(508) 785-2399

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Net Margin

6th percentile

-78%

Higher net margin than 6% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Asset Growth

1st percentile

-92%

Faster asset growth than 1% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

113%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$278,521

Down $3,251,355 (-92%) from 2020

Net Assets

Down

$278,521

Down $3,251,355 (-92%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$2,121,767

Up $1,126,944 (+113%) from 2020

Expenses

Down

$3,776,702

Down $5,089,214 (-57%) from 2020

Net Income

Up

-$1,654,935

Up $6,216,158 (+79%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $6,058,552Liabilities 2011: $02011Assets 2012: $7,637,247Liabilities 2012: $02012Assets 2013: $4,849,353Liabilities 2013: $02013Assets 2014: $4,607,064Liabilities 2014: $02014Assets 2015: $4,816,900Liabilities 2015: $0Net Assets 2015: $4,816,9002015Assets 2019: $13,738,097Liabilities 2019: $0Net Assets 2019: $13,738,0972019Assets 2020: $3,529,876Liabilities 2020: $0Net Assets 2020: $3,529,8762020Assets 2021: $278,521Liabilities 2021: $0Net Assets 2021: $278,5212021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$278,521
Liabilities$0
Net Assets$278,521

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2011: $219,511Expenses 2011: $1,584,423Net Income 2011: -$1,364,9122011Revenue 2012: $2,147,761Expenses 2012: $569,066Net Income 2012: $1,578,6952012Revenue 2013: $2,783,290Expenses 2013: $6,081,911Net Income 2013: -$3,298,6212013Revenue 2014: $1,584,027Expenses 2014: $1,826,315Net Income 2014: -$242,2882014Revenue 2015: $1,876,718Expenses 2015: $1,666,882Net Income 2015: $209,8362015Revenue 2019: $654,890Expenses 2019: $1,590,035Net Income 2019: -$935,1452019Revenue 2020: $994,823Expenses 2020: $8,865,916Net Income 2020: -$7,871,0932020Revenue 2021: $2,121,767Expenses 2021: $3,776,702Net Income 2021: -$1,654,9352021Revenue 2022: $0Expenses 2022: $300,221Net Income 2022: -$300,2212022

Highlighted filing

2021

Revenue$2,121,767
Expenses$3,776,702
Net Income-$1,654,935
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 23, 2022
Return Version
2021v4.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARTHUR I SEGELTrustee-$0--
PATTI B SARISTrustee-$0--
ROBERT N SHAPIROTrustee-$0--
Filing and Contact Details

Filer

Filer Name
The Cosette Charitable Fund
EIN
04-3416880
Phone
5087852399
Address
PO BOX 538, DOVER, MA 02030

Signing Officer

Name
Arthur I Segel
Title
Trustee
Phone
5087852399
Signed
2022-09-23
Discuss with paid preparer
Yes

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Eugene Borgonzi
Phone
6172276161
Raw XML Appendix375 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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AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt0TAX PREPARATION
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AccountingFeesSchedule/AccountingFeesDetail/NetInvestmentIncomeAmt03750
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt0FIDELITY CHARITABLE GIFT FUND
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt1HEBREW SENIORLIFE INC
DissolutionStmt/DissolutionInformationGrp/BusinessName/BusinessNameLine1Txt2PRESIDENT AND FELLOWS OF HARVARD COLLEGE
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IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
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IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd01
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0STREAMLINE FAMILY OFFICE
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0PO BOX 823
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0DOVER
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd002030
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd01
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PhoneNum05087852399
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd01
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd01
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0ARTHUR I SEGEL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt03000000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt133000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt2703649
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0PROGRAM SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1PROGRAM SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt2PROGRAM SUPPORT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0FIDELITY CHARITABLE GIFT FUND
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1HEBREW SENIORLIFE INC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt2PRESIDENT AND FELLOWS OF HARVARD COLLEGE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt2PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt2N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0200 SEAPORT BLVD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt11200 CENTRE STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2124 MOUNT AUBURN STREET
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0BOSTON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1BOSTON
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm2CAMBRIDGE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1MA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd2MA
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd002210
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd102131
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd202138
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt03736649
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0127276
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0127276
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt08619444
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0915721
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0956737
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0555282
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt019775
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt019775
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt014660342
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt03613158
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt08619444
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0915721
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0956737
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0555282
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt03740434
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt03613158
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt014680117
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt011066959
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
LiquidationExplanationStmt/ExplanationTxt0THE FOUNDATION HAS PLANS TO TRANSFER ITS ASSETS TO A DONOR-ADVISED FUND AT FIDELITY CHARITABLE GIFT FUND AND TERMINATE THE FOUNDATION IN 2022. IT TRANSFERRED APPROXIMATELY $8.3 MILLION IN 2020 AND ANOTHER $3 MILLION IN 2021 TO FIDELITY CHARITABLE GIFT FUND. IT ALSO MADE ANOTHER $736,649 IN QUALIFYING DISTRIBUTIONS TO OTHER 501(C)(3) PUBLIC CHARITIES DURING 2021. IN 2021, IT CONTINUED TO LIQUIDATE ITS INVESTMENTS IN BAUPOST VALUE PARTNERS LP AND KENSICO. THE FOUNDATION DONATED ITS REMAINING INTEREST IN BAUPOST VALUE PARTNERS LP - I TO THE PRESIDENT AND FELLOWS OF HARVARD COLLEGE AND SOLD ITS KENSICO INVESTMENT IN 2021. IT IS CURRENTLY WAITING TO RECEIVE ITS FINAL PAYMENT FROM KENSICO IN RELATION TO THE SALE. ONCE THE FINAL PAYMENT IS RECEIVED, THE FOUNDATION WILL TRANSFER ITS REMAINING ASSETS TO FIDELITY CHARITABLE GIFT FUND AND TERMINATE THE FOUNDATION.
OtherDecreasesSchedule/OtherDecreasesDetail/Amt01606006
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0UNREALIZED LOSSES ON INVESTMENTS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0STATE FILING FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1NONDEDUCTIBLE EXPENSES FROM BAUPOST K-1
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt035
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt035
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt18
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt036304
OtherIncomeSchedule2/OtherIncomeDetail/Desc0BAUPOST VALUE PARTNERS LP K-1
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt026730
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt036304
OtherIncreasesSchedule/OtherIncreasesDetail/Amt09586
OtherIncreasesSchedule/OtherIncreasesDetail/Desc02020 IRS 990T REFUND
TaxesSchedule/TaxesDetail/Amt032500
TaxesSchedule/TaxesDetail/Amt110
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE TAX
TaxesSchedule/TaxesDetail/CategoryTxt1BAUPOST VALUE PTRS - FOREIGN TAXES ACCRUED
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt110
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARTHUR I SEGEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05087852399
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE COSETTE CHARITABLE FUND
ReturnHeader/Filer/BusinessNameControlTxt0COSE
ReturnHeader/Filer/EIN0043416880
ReturnHeader/Filer/PhoneNum05087852399
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 538
ReturnHeader/Filer/USAddress/CityNm0DOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002030
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042442519
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDELSTEIN AND COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0160 FEDERAL STREET 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002110
ReturnHeader/PreparerPersonGrp/PhoneNum06172276161
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EUGENE BORGONZI
ReturnHeader/ReturnTs02022-09-23T10:20:03-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARTHUR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SEGEL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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