Civic Intelligence

The Torch Foundation Ltd

990 • Fiscal year 2017 • EIN 13-3638911

Nov 01, 2016 to Oct 31, 2017 • Filed on Sep 14, 2018

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

50th percentile

0.00x

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

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.00x

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

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Net Margin

56th percentile

6.8%

Higher net margin than 56% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2017 filings • NTEE P • <$500k nonprofits • Source year 2017

Asset Growth

51st percentile

4.0%

Faster asset growth than 51% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • NTEE P • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$321,359

Up $12,220 (+4.0%) from 2016

Net Assets

Up

$321,359

Up $12,220 (+4.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin56th percentile

Revenue

Up

$180,951

Up $23,082 (+15%) from 2016

Expenses

Down

$168,731

Down $2,453 (-1.4%) from 2016

Net Income

Up

$12,220

Up $25,535 (+192%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2017

Assets$321,359
Liabilities$0
Net Assets$321,359
Open 2017 Filing

Operations Trend

Revenue Growth67th 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

2017

Revenue$180,951
Expenses$168,731
Net Income$12,220
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2016 to Oct 31, 2017
Signed
Sep 14, 2018
Return Version
2016v3.0
Gross Receipts
$459,475
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$309,139$321,359▲ $12,220
Savings and Temporary Cash Investments$223,316$223,389▲ $73
Cash and Non-Interest-Bearing Accounts$85,823$97,970▲ $12,147
Total Assets$309,139$321,359▲ $12,220
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$309,139$321,359▲ $12,220
Total Liabilities and Net Assets / Fund Balance$309,139$321,359▲ $12,220
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
-President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$73
Other Revenue
$180,878
Change in Net Assets
$12,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$180,951
Total Revenue per Audited Statements
$180,951
Total Revenue per Form 990
$180,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$121,200
Other Expenses$47,531
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$121,200--$121,200
Fees for Services Management-$23,827-$23,827
Fees for Services Accounting-$3,925-$3,925
Insurance-$3,064-$3,064
Office Expenses-$2,711-$2,711
Advertising-$2,607-$2,607
Travel-$1,218-$1,218
Other Expenses-$590-$590
Total Functional Expenses$121,200$47,531$0$168,731

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$168,731
Total Expenses per Audited Statements$168,731
Total Expenses per Form 990$168,731
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montefiore MedicalBronx, NY-Contribution$37,500
Nyu Langone MedicalNew York, NY-Contribution$30,000
Hope With HeartWaldwick, NJ-Contribution$11,600
Ronald Mcdonald HouseOak Brook, IL-Contribution$10,000
Boys and Girls ClubAtlanta, GA-Contribution$7,500
St JudeNew York, NY-Contribution$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$459,402
Fundraising Direct Expenses$278,524
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
2018-09-14
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
10

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 SECTIONC3, Line 38

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

Raw XML Appendix372 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/USAddress/StateAbbreviationCd2NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4IL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007463
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110017
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd210467
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd310016
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd460523
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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 SECTIONC3, Line 38
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0321359
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121200
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0180951
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0321359
IRS990/TravelGrp/ManagementAndGeneralAmt01218
IRS990/TravelGrp/TotalAmt01218
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0COMMACK
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IRS990/USAddress/ZIPCd011725
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH RUTIGLIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-14
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EE6D0C5853B877BC8746FC4CB2F4708E38268C6B
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.82.208.8
ReturnHeader/FilingSecurityInformation/IPDt02018-09-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:24:21
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/PreparationDt02018-09-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerard Napolitano
ReturnHeader/ReturnTs02018-09-14T03:56:42-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-11-01
ReturnHeader/TaxPeriodEndDt02017-10-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$321,359
Liabilities
$0
Net assets
$321,359
Revenue
$180,951
Expenses
$168,731
Net income
$12,220
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
2017Detailed filing. Detailed filing data is available for this year.$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