Civic Intelligence

The Torch Foundation Ltd

990 • Fiscal year 2014 • EIN 13-3638911

Nov 01, 2013 to Oct 31, 2014 • Filed on Sep 15, 2015

Organization ProfileTORCHFOUNDATION.COM
5 Raven DriveCommack, NY 11725

(718) 837-2606

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

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

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

Liabilities / Revenue

47th percentile

0.00x

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

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

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

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

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.

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

Asset Growth

69th percentile

18%

Faster asset growth than 69% of similar nonprofits.

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

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$322,031

Up $48,144 (+18%) from 2013

Net Assets

Up

$322,031

Up $48,144 (+18%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin80th percentile

Revenue

Up

$175,104

Up $36,957 (+27%) from 2013

Expenses

Down

$126,960

Down $25,498 (-17%) from 2013

Net Income

Up

$48,144

Up $62,455 (+436%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2014

Assets$322,031
Liabilities$0
Net Assets$322,031
Open 2014 Filing

Operations Trend

Revenue Growth76th 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

2014

Revenue$175,104
Expenses$126,960
Net Income$48,144
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Sep 15, 2015
Return Version
2013v4.0
Gross Receipts
$417,365
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$273,887$322,031▲ $48,144
Savings and Temporary Cash Investments$223,055$223,163▲ $108
Cash and Non-Interest-Bearing Accounts$50,832$98,868▲ $48,036
Total Assets$273,887$322,031▲ $48,144
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$273,887$322,031▲ $48,144
Total Liabilities and Net Assets / Fund Balance$273,887$322,031▲ $48,144
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
$107
Other Revenue
$174,997
Change in Net Assets
$48,144

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,104
Total Revenue per Audited Statements
$175,104
Total Revenue per Form 990
$175,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$85,500
Other Expenses$41,460
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$85,500--$85,500
Fees for Services Management-$20,985-$20,985
Office Expenses-$6,218-$6,218
Fees for Services Accounting-$3,800-$3,800
All Other Expenses-$2,256-$2,256
Travel-$1,657-$1,657
Advertising-$1,327-$1,327
Information Technology-$819-$819
Other Expenses-$403-$403
Total Functional Expenses$85,500$41,460$0$126,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$126,960
Total Expenses per Audited Statements$126,960
Total Expenses per Form 990$126,960
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
22-4215005--Contribution$20,000
22-3306527--Contribution$10,000
13-1740114--Contribution$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$417,258
Fundraising Direct Expenses$242,261
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

EIN
13-3638911

Signing Officer

Name
Joseph Rutigliano
Title
President
Signed
2015-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Rutigliano
Formed
1991
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Preparer
Gerard Napolitano
Phone
7188372606
Supplemental Narrative

Additional Explanations

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

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

Raw XML Appendix338 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/BusinessNameLine10EDEN AUTISM SERVICE
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175104
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0273887
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0322031
IRS990/TravelGrp/ManagementAndGeneralAmt01657
IRS990/TravelGrp/TotalAmt01657
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine105 RAVEN DRIVE
IRS990/USAddress/City0COMMACK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode011725
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH RUTIGLIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE TORCH FOUNDATION LTD
ReturnHeader/Filer/BusinessNameControlTxt0TORC
ReturnHeader/Filer/EIN0133638911
ReturnHeader/Filer/USAddress/AddressLine105 RAVEN DRIVE
ReturnHeader/Filer/USAddress/City0COMMACK
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode011725
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GERARD NAPOLITANO CPA P C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102334 B Ralph Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Brooklyn
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode011234
ReturnHeader/PreparerPersonGrp/PhoneNum07188372606
ReturnHeader/PreparerPersonGrp/PreparationDt02015-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gerard Napolitano
ReturnHeader/ReturnTs02015-09-15T03:33:05-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-11-01
ReturnHeader/TaxPeriodEndDt02014-10-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$322,031
Liabilities
$0
Net assets
$322,031
Revenue
$175,104
Expenses
$126,960
Net income
$48,144
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