Civic Intelligence

Renewal Foundation Inc.

990 • Fiscal year 2017 • EIN 06-1626123

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 14, 2017

Organization ProfileN/A
35-10 Linden PlaceFlushing, NY 11354

(917) 981-1229

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

87th percentile

32%

Higher net margin than 87% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

81st percentile

29%

Faster asset growth than 81% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-14%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$1,210,139

Up $274,689 (+29%) from 2016

Net Assets

Up

$1,203,339

Up $274,589 (+30%) from 2016

Liabilities

Up

$6,800

Up $100 (+1.5%) from 2016

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin87th percentile

Revenue

Down

$862,496

Down $136,094 (-14%) from 2016

Expenses

Down

$587,907

Down $579,802 (-50%) from 2016

Net Income

Up

$274,589

Up $443,708 (+262%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $246,567Liabilities 2011: $7,600Net Assets 2011: $238,9672011Assets 2012: $406,303Liabilities 2012: $6,800Net Assets 2012: $399,5032012Assets 2013: $540,215Liabilities 2013: $7,900Net Assets 2013: $532,3152013Assets 2014: $381,963Liabilities 2014: $4,400Net Assets 2014: $377,5632014Assets 2015: $1,104,069Liabilities 2015: $6,200Net Assets 2015: $1,097,8692015Assets 2016: $935,450Liabilities 2016: $6,700Net Assets 2016: $928,7502016Assets 2017: $1,210,139Liabilities 2017: $6,800Net Assets 2017: $1,203,3392017Assets 2018: $2,289,365Liabilities 2018: $8,000Net Assets 2018: $2,281,3652018Assets 2019: $1,983,570Liabilities 2019: $2,000Net Assets 2019: $1,981,5702019Assets 2020: $1,706,586Liabilities 2020: $2,080Net Assets 2020: $1,704,5062020Assets 2021: $1,611,933Liabilities 2021: $1,200Net Assets 2021: $1,610,7332021Assets 2022: $1,297,377Liabilities 2022: $2,100Net Assets 2022: $1,295,2772022Assets 2023: $1,427,345Liabilities 2023: $1,200Net Assets 2023: $1,426,1452023Assets 2024: $925,987Liabilities 2024: $1,200Net Assets 2024: $924,7872024

Highlighted filing

2017

Assets$1,210,139
Liabilities$6,800
Net Assets$1,203,339
Open 2017 Filing

Operations Trend

Revenue Growth14th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $946,297Expenses 2011: $1,201,377Net Income 2011: -$255,0802011Expenses 2012: $833,3672012Revenue 2013: $1,154,858Expenses 2013: $1,022,046Net Income 2013: $132,8122013Revenue 2014: $522,450Expenses 2014: $677,202Net Income 2014: -$154,7522014Revenue 2015: $1,292,978Expenses 2015: $572,671Net Income 2015: $720,3072015Revenue 2016: $998,590Expenses 2016: $1,167,709Net Income 2016: -$169,1192016Revenue 2017: $862,496Expenses 2017: $587,907Net Income 2017: $274,5892017Revenue 2018: $2,320,993Expenses 2018: $1,242,967Net Income 2018: $1,078,0262018Revenue 2019: $1,293,331Expenses 2019: $1,614,482Net Income 2019: -$321,1512019Revenue 2020: $1,128,003Expenses 2020: $1,405,067Net Income 2020: -$277,0642020Revenue 2021: $1,088,901Expenses 2021: $1,182,674Net Income 2021: -$93,7732021Revenue 2022: $1,130,469Expenses 2022: $1,445,925Net Income 2022: -$315,4562022Revenue 2023: $728,734Expenses 2023: $597,866Net Income 2023: $130,8682023Revenue 2024: $1,066,001Expenses 2024: $1,567,360Net Income 2024: -$501,3592024

Highlighted filing

2017

Revenue$862,496
Expenses$587,907
Net Income$274,589
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$862,496
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$817,231$1,089,817▲ $272,586
Investments Other Securities$117,419$119,522▲ $2,103
Total Assets$935,450$1,210,139▲ $274,689
Other Assets Total$800$800→ $0
Liabilities
Accounts Payable and Accrued Expenses$6,700$6,800▲ $100
Total Liabilities$6,700$6,800▲ $100
Net Assets / Fund Balance
Temporarily Rstr Net Assets$928,750$1,203,339▲ $274,589
Total Net Assets Fund Balance$928,750$1,203,339▲ $274,589
Total Liabilities and Net Assets / Fund Balance$935,450$1,210,139▲ $274,689

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,195$1,195
Other Securities$119,522--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Jackson MaPresident & CEO
Angela FungDirector
Eunice LiuDirector
Eva ChowDirector
Heidi ChenDirector
Larry LiuDirector
Gina WuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$859,782
Program Service Revenue
$0
Investment Income
$2,714
Other Revenue
$0
All Other Contributions
$859,782
Change in Net Assets
$274,589
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$575,494
Other Expenses$12,413
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$575,494--$575,494
Fees for Services Other$0$5,600$0$5,600
Occupancy$3,600$1,200$0$4,800
Office Expenses$1,610$403$0$2,013
Total Functional Expenses$580,704$7,203$0$587,907
International Activity

International Compliance

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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Renewal Foundation Inc
EIN
06-1626123
Phone
9179811229
Address
35-10 LINDEN PLACE, FLUSHING, NY 11354

Signing Officer

Name
Jackson Ma
Title
President
Phone
9179811229
Signed
2017-11-14

Organization Details

Principal Officer
Jackson Ma
Formed
2001
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Ay Accounting & Tax
Address
13620 38TH AVE STE 9J, FLUSHING, NY 11354-4263
Preparer
Yun Yun Yang
Phone
7183538658
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Renewal foundation, inc. (the foundation) was incorporated under section 402 of the not-for profit corporation law of state of new york on july 13 2001. The foundation was established exclusively for chartiable and education purposes. The foundation aims to accomplish its purpose though contributions and grants that assist in the esestablishment and maintenance, by qualified persons and organizations, in economically underprivileged and vuinerable areas, of programs and facilities for education, vocational training, financial, and technical assistance in school construction (the "hope project") and medical care. In addition, the foundation provides financial and living assistance to the needy and underprivileged students (the "peral and egg project"), and provides service and teaching activities to communities (the "global compassion project"). In fiscal year 2009, the foundation started to provide financial assistance for building libraries in underprivileged remote areas(the "library project")”

Pt VI, Line 11B

“Subsequent to june 30, 2009, on july 29, 2009, the global compassion project became a seperate legal entity, global compassion project.”

Pt VI, Line 11B

“Form 990 part vi, line 11b - form 990 review process”

Pt VI, Line 11B

“No review was or will be conducted.”

Pt VI, Line 19

“Form 990 part vi. Line 19 - other organization documents publicity available”

Pt VI, Line 19

“No documents available to be the public.”

Pt VI, Line 8A

“NONE”

Pt VI, Line 8B

“NONE”

Raw XML Appendix367 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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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0VARIOUS ASSISTANCE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1IN SCHOOL CONSTRUC-
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2TION AND STUDENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0East Asia and Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1East Asia and Pacific
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2East Asia and Pacific
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENEWAL FOUNDATION, INC. (THE FOUNDATION) WAS INCORPORATED UNDER SECTION 402 OF THE NOT-FOR PROFIT CORPORATION LAW OF STATE OF NEW YORK ON JULY 13 2001. THE FOUNDATION WAS ESTABLISHED EXCLUSIVELY FOR CHARTIABLE AND EDUCATION PURPOSES. THE FOUNDATION AIMS TO ACCOMPLISH ITS PURPOSE THOUGH CONTRIBUTIONS AND GRANTS THAT ASSIST IN THE ESESTABLISHMENT AND MAINTENANCE, BY QUALIFIED PERSONS AND ORGANIZATIONS, IN ECONOMICALLY UNDERPRIVILEGED AND VUINERABLE AREAS, OF PROGRAMS AND FACILITIES FOR EDUCATION, VOCATIONAL TRAINING, FINANCIAL, AND TECHNICAL ASSISTANCE IN SCHOOL CONSTRUCTION (THE "HOPE PROJECT") AND MEDICAL CARE. IN ADDITION, THE FOUNDATION PROVIDES FINANCIAL AND LIVING ASSISTANCE TO THE NEEDY AND UNDERPRIVILEGED STUDENTS (THE "PERAL AND EGG PROJECT"), AND PROVIDES SERVICE AND TEACHING ACTIVITIES TO COMMUNITIES (THE "GLOBAL COMPASSION PROJECT"). IN FISCAL YEAR 2009, THE FOUNDATION STARTED TO PROVIDE FINANCIAL ASSISTANCE FOR BUILDING LIBRARIES IN UNDERPRIVILEGED REMOTE AREAS(THE "LIBRARY PROJECT")
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBSEQUENT TO JUNE 30, 2009, ON JULY 29, 2009, THE GLOBAL COMPASSION PROJECT BECAME A SEPERATE LEGAL ENTITY, GLOBAL COMPASSION PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 PART VI, LINE 11B - FORM 990 REVIEW PROCESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 PART VI. LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICITY AVAILABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO BE THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NONE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 8b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0928750
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01203339
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0935450
IRS990/TotalAssetsEOYAmt01210139
IRS990/TotalAssetsGrp/BOYAmt0935450
IRS990/TotalAssetsGrp/EOYAmt01210139
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0859782
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07203
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0580704
IRS990/TotalFunctionalExpensesGrp/TotalAmt0587907
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06700
IRS990/TotalLiabilitiesEOYAmt06800
IRS990/TotalLiabilitiesGrp/BOYAmt06700
IRS990/TotalLiabilitiesGrp/EOYAmt06800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0928750
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01203339
IRS990/TotalProgramServiceExpensesAmt0580704
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0862496
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0935450
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01210139
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt035-10 LINDEN PLACE
IRS990/USAddress/CityNm0FLUSHING
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011354
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACKSON MA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09179811229
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RENEWAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RENE
ReturnHeader/Filer/EIN0061626123
ReturnHeader/Filer/PhoneNum09179811229
ReturnHeader/Filer/USAddress/AddressLine1Txt035-10 LINDEN PLACE
ReturnHeader/Filer/USAddress/CityNm0FLUSHING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011354
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId099A027FCBFB3F3459413D414963C25765C33328E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId099A027FCBFB3F3459413D414963C25765C33328E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0108.14.4.155
ReturnHeader/FilingSecurityInformation/IPDt02018-01-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm017:41:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AY ACCOUNTING & TAX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013620 38TH AVE STE 9J
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0113544263
ReturnHeader/PreparerPersonGrp/PhoneNum07183538658
ReturnHeader/PreparerPersonGrp/PreparationDt02018-01-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YUN YUN YANG
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-01-16T17:41:50-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,210,139
Liabilities
$6,800
Net assets
$1,203,339
Revenue
$862,496
Expenses
$587,907
Net income
$274,589
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.92$1.07$1.57$0.50
2023Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.73$0.60$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.13$1.45$0.32
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$1.09$1.18$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.70$1.13$1.41$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$1.29$1.61$0.32
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.01$2.28$2.32$1.24$1.08
2017Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.20$0.86$0.59$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$1.00$1.17$0.17
2015Summary only. Only limited summary data is available for this year.$1.10$0.01$1.10$1.29$0.57$0.72
2014Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.52$0.68$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.01$0.53$1.15$1.02$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.01$0.40$0.83
2011Summary only. Only limited summary data is available for this year.$0.25$0.01$0.24$0.95$1.20$0.26