Civic Intelligence

The Torch Foundation Ltd

990 • Fiscal year 2016 • EIN 13-3638911

Nov 01, 2015 to Oct 31, 2016 • Filed on Sep 13, 2017

Organization ProfileTORCHFOUNDATION.COM
5 Raven DriveCommack, NY 11725

(631) 543-8888

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

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

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Liabilities / Revenue

48th percentile

0.00x

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

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Net Margin

23rd percentile

-8.4%

Higher net margin than 23% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • NTEE P • <$500k nonprofits • Source year 2016

Asset Growth

32nd percentile

-4.1%

Faster asset growth than 32% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

56th percentile

4.9%

Faster revenue growth than 56% of similar nonprofits.

2016 filings • NTEE P • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$309,139

Down $13,315 (-4.1%) from 2015

Net Assets

Down

$309,139

Down $13,315 (-4.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin23rd percentile

Revenue

Up

$157,869

Up $7,386 (+4.9%) from 2015

Expenses

Up

$171,184

Up $21,124 (+14%) from 2015

Net Income

Down

-$13,315

Down $13,738 (-3248%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$600K$400K$200K$0Assets 2011: $320,776Liabilities 2011: $0Net Assets 2011: $320,7762011Assets 2012: $288,198Liabilities 2012: $0Net Assets 2012: $288,1982012Assets 2013: $273,887Liabilities 2013: $0Net Assets 2013: $273,8872013Assets 2014: $322,031Liabilities 2014: $0Net Assets 2014: $322,0312014Assets 2015: $322,454Liabilities 2015: $0Net Assets 2015: $322,4542015Assets 2016: $309,139Liabilities 2016: $0Net Assets 2016: $309,1392016Assets 2017: $321,359Liabilities 2017: $0Net Assets 2017: $321,3592017Assets 2018: $372,554Liabilities 2018: $0Net Assets 2018: $372,5542018Assets 2020: $475,577Liabilities 2020: $15,000Net Assets 2020: $460,5772020Assets 2021: $479,362Liabilities 2021: $22,500Net Assets 2021: $456,8622021Assets 2022: $486,014Liabilities 2022: $30,000Net Assets 2022: $456,0142022Assets 2023: $393,465Liabilities 2023: $10,000Net Assets 2023: $383,4652023Assets 2024: $318,520Liabilities 2024: $10,000Net Assets 2024: $308,5202024

Highlighted filing

2016

Assets$309,139
Liabilities$0
Net Assets$309,139
Open 2016 Filing

Operations Trend

Revenue Growth56th percentile

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

$400K$200K$0-$200KRevenue 2011: $280,881Expenses 2011: $258,568Net Income 2011: $22,3132011Revenue 2012: $61,030Expenses 2012: $93,608Net Income 2012: -$32,5782012Revenue 2013: $138,147Expenses 2013: $152,458Net Income 2013: -$14,3112013Revenue 2014: $175,104Expenses 2014: $126,960Net Income 2014: $48,1442014Revenue 2015: $150,483Expenses 2015: $150,060Net Income 2015: $4232015Revenue 2016: $157,869Expenses 2016: $171,184Net Income 2016: -$13,3152016Revenue 2017: $180,951Expenses 2017: $168,731Net Income 2017: $12,2202017Revenue 2018: $190,979Expenses 2018: $139,784Net Income 2018: $51,1952018Revenue 2020: $327,595Expenses 2020: $171,307Net Income 2020: $156,2882020Revenue 2021: $126,879Expenses 2021: $130,594Net Income 2021: -$3,7152021Revenue 2022: $115,667Expenses 2022: $116,515Net Income 2022: -$8482022Revenue 2023: $69,520Expenses 2023: $142,069Net Income 2023: -$72,5492023Revenue 2024: $79,429Expenses 2024: $154,374Net Income 2024: -$74,9452024

Highlighted filing

2016

Revenue$157,869
Expenses$171,184
Net Income-$13,315
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2015 to Oct 31, 2016
Signed
Sep 13, 2017
Return Version
2015v3.0
Gross Receipts
$474,654
Mission and Program Overview

Mission

The torch foundation ltd is a non- for- profit organization within the real estate, design and construction community established to give something back to our industry and the children of our society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$322,454$309,139▼ $13,315
Savings and Temporary Cash Investments$223,239$223,316▲ $77
Cash and Non-Interest-Bearing Accounts$99,215$85,823▼ $13,392
Total Assets$322,454$309,139▼ $13,315
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$322,454$309,139▼ $13,315
Total Liabilities and Net Assets / Fund Balance$322,454$309,139▼ $13,315
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
-President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$77
Other Revenue
$157,792
Change in Net Assets
$-13,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,869
Total Revenue per Audited Statements
$157,869
Total Revenue per Form 990
$157,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$122,600
Other Expenses$48,584
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$122,600--$122,600
Fees for Services Management-$24,110-$24,110
Office Expenses-$4,887-$4,887
Fees for Services Accounting-$3,800-$3,800
Advertising-$2,155-$2,155
All Other Expenses-$1,732-$1,732
Travel-$1,028-$1,028
Other Expenses-$377-$377
Total Functional Expenses$122,600$48,584$0$171,184

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$171,184
Total Expenses per Audited Statements$171,184
Total Expenses per Form 990$171,184
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Jude Childrens ResearchNew York, NY-Contribution$25,000
Westchester MedicalValhalla, NY-Contribution$25,000
Montefiore MedicalBronx, NY-Contribution$20,000
Amber Charter SchoolNew York, NY-Contribution$10,000
Hope With HeartWaldwick, NJ-Contribution$10,000
THE CHILDREN'S HOSPITALBoston, MA-Contribution$10,000
Diabetes ResearchHollywood, FL-Contribution$5,000
Kids for Kids FoundationBrooklyn, NY-Contribution$5,000
Volunteer New YorkNew York, NY-Contribution$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$474,577
Fundraising Direct Expenses$316,785
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Torch Foundation Ltd
EIN
13-3638911
Phone
6315438888
Address
5 RAVEN DRIVE, COMMACK, NY 11725

Signing Officer

Name
Joseph Rutigliano
Title
President
Signed
2017-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Rutigliano
Formed
1991
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Firm
Gerard Napolitano CPA P C
Address
2334 B Ralph Avenue, Brooklyn, NY 11234
Preparer
Gerard Napolitano
Phone
7188372606
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section 501C3, Line 38

“Governing documents,conflict of interest policy and financial statements can be obtained by mail request”

Raw XML Appendix390 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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2WESTCHESTER MEDICAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3KIDS FOR KIDS FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4THE CHILDREN'S HOSPITAL
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IRS990ScheduleI/RecipientTable/RecipientEIN8581959781
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 354
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1220 EAST 42ND STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2100 WOODS ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt35322 AVENUE N
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4300 LONGWOOD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5200 SOUTH PARK ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6111 E 210TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7220 E 106TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8340 W 85TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WALDWICK
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2VALHALLA
IRS990ScheduleI/RecipientTable/USAddress/CityNm3BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/CityNm4BOSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5HOLLYWOOD
IRS990ScheduleI/RecipientTable/USAddress/CityNm6BRONX
IRS990ScheduleI/RecipientTable/USAddress/CityNm7NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm8NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007463
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110017
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd210595
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd311234
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd402115
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd533021
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd610467
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd710029
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd810024
IRS990ScheduleI/TotalOtherOrgCnt09
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS CAN BE OBTAINED BY MAIL REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IV, Section 501C3, Line 38
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0322454
IRS990/TotalAssetsEOYAmt0309139
IRS990/TotalAssetsGrp/BOYAmt0322454
IRS990/TotalAssetsGrp/EOYAmt0309139
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048584
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0122600
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171184
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0322454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0309139
IRS990/TotalProgramServiceExpensesAmt0122600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt077
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0157869
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0322454
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0309139
IRS990/TravelGrp/ManagementAndGeneralAmt01028
IRS990/TravelGrp/TotalAmt01028
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05 RAVEN DRIVE
IRS990/USAddress/CityNm0COMMACK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011725
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH RUTIGLIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TORCH FOUNDATION LTD
ReturnHeader/Filer/BusinessNameControlTxt0TORC
ReturnHeader/Filer/EIN0133638911
ReturnHeader/Filer/PhoneNum06315438888
ReturnHeader/Filer/USAddress/AddressLine1Txt05 RAVEN DRIVE
ReturnHeader/Filer/USAddress/CityNm0COMMACK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011725
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GERARD NAPOLITANO CPA P C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02334 B Ralph Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011234
ReturnHeader/PreparerPersonGrp/PhoneNum07188372606
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerard Napolitano
ReturnHeader/ReturnTs02017-09-13T03:42:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-11-01
ReturnHeader/TaxPeriodEndDt02016-10-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,139
Liabilities
$0
Net assets
$309,139
Revenue
$157,869
Expenses
$171,184
Net income
-$13,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.19$0.10$3.09$0.79$1.54$0.75
2023Detailed filing. Detailed filing data is available for this year.$3.93$0.10$3.83$0.70$1.42$0.73
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.86$0.30$4.56$1.16$1.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.79$0.23$4.57$1.27$1.31$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.76$0.15$4.61$3.28$1.71$1.56
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.00$3.73$1.91$1.40$0.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.00$3.21$1.81$1.69$0.12
2016Detailed filing. Detailed filing data is available for this year.$3.09$0.00$3.09$1.58$1.71$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$1.50$1.50$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$1.75$1.27$0.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.74$0.00$2.74$1.38$1.52$0.14
2012Summary only. Only limited summary data is available for this year.$2.88$0.00$2.88$0.61$0.94$0.33
2011Summary only. Only limited summary data is available for this year.$3.21$0.00$3.21$2.81$2.59$0.22