Civic Intelligence

Turkish-American Business Forum Inc

990 • Fiscal year 2017 • EIN 13-3945968

Jun 01, 2016 to May 31, 2017 • Filed on Oct 19, 2017

Organization ProfileWWW.FORUM.ORG
733 Third Avenue FL 20New York, NY 10017

(212) 599-1192

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.00x

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-232%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

8th percentile

-38%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$5,139

Down $3,119 (-38%) from 2016

Net Assets

Down

$5,139

Down $2,179 (-30%) from 2016

Liabilities

Down

$0

Down $940 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin1st percentile

Revenue

Down

$940

Down $15,060 (-94%) from 2016

Expenses

Down

$3,119

Down $6,469 (-67%) from 2016

Net Income

Down

-$2,179

Down $8,591 (-134%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$20K$15K$10K$5.0K$0Assets 2010: $7,400Liabilities 2010: $5,000Net Assets 2010: $2,4002010Assets 2012: $17,768Liabilities 2012: $0Net Assets 2012: $17,7682012Assets 2013: $4,160Liabilities 2013: $0Net Assets 2013: $4,1602013Assets 2014: $2,118Liabilities 2014: $0Net Assets 2014: $2,1182014Assets 2015: $906Liabilities 2015: $0Net Assets 2015: $9062015Assets 2016: $8,258Liabilities 2016: $940Net Assets 2016: $7,3182016Assets 2017: $5,139Liabilities 2017: $0Net Assets 2017: $5,1392017

Highlighted filing

2017

Assets$5,139
Liabilities$0
Net Assets$5,139
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $129,2212010Revenue 2012: $69,444Expenses 2012: $67,462Net Income 2012: $1,9822012Expenses 2013: $55,6012013Revenue 2014: $14,445Expenses 2014: $16,487Net Income 2014: -$2,0422014Revenue 2015: $8,360Expenses 2015: $9,572Net Income 2015: -$1,2122015Revenue 2016: $16,000Expenses 2016: $9,588Net Income 2016: $6,4122016Revenue 2017: $940Expenses 2017: $3,119Net Income 2017: -$2,1792017

Highlighted filing

2017

Revenue$940
Expenses$3,119
Net Income-$2,179
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 19, 2017
Return Version
2016v3.0
Gross Receipts
$940
Mission and Program Overview

Mission

Business forum accomplishes its mission through providing a peer-to-peer support network, as well as by encouraging its members to become business and community leaders by organizing meetings, publishing newsletters, brochures

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,258$3,139▼ $5,119
Accounts Receivable-$2,000-
Total Assets$8,258$5,139▼ $3,119
Liabilities
Deferred Revenue$940--
Total Liabilities$940$0▼ $940
Net Assets / Fund Balance
Unrestricted Net Assets$7,318$5,139▼ $2,179
Total Net Assets Fund Balance$7,318$5,139▼ $2,179
Total Liabilities and Net Assets / Fund Balance$8,258$5,139▼ $3,119

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,113$2,113
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Moris RosoPresident
Alp BaysalMember
Erden ArkanMember
Erman AgirnasliMember
Mehmet KirdarMember
-Secretary
Lara KarabeyTreasurer
Deniz OzenbasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$940
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-2,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$1,304$173-$1,477
Fees for Services Accounting$425$425-$850
Information Technology$792--$792
Total Functional Expenses$2,521$598$0$3,119
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Turkish-american
EIN
13-3945968
Phone
2125991192
Address
733 THIRD AVENUE FL 20, NEW YORK, NY 10017

Signing Officer

Name
Moris Roso
Title
President
Phone
2125991192
Signed
2017-10-19

Organization Details

Principal Officer
Moris Roso
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Bacak LLC
Address
725 RIVER RD SUITE 114, EDGEWATER, NJ 07020
Preparer
Ilke Ozan Bacak
Phone
2019413600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Business forum accomplishes its mission through providing a peer-to-peer support network, as well as by encouraging its members to become business and community leaders by organizing meetings, publishing newsletters, brochures”

Raw XML Appendix249 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.

Path#Value
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IRS990/BooksInCareOfDetail/PersonNm0ERMAN AGIRNASLI
IRS990/BooksInCareOfDetail/PhoneNum02125991192
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0733 THIRD AVE FL 20
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IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt0-2179
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IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/Desc0FEES COLLECTED FOR BUSINESS NETWORKING MEETINGS & EVENTS
IRS990/DescribedInSection501c3Ind0false
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IRS990/FeesForServicesAccountingGrp/TotalAmt0850
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0ERMAN AGIRNASLI
IRS990/Form990PartVIISectionAGrp/PersonNm1ALP BAYSAL
IRS990/Form990PartVIISectionAGrp/PersonNm2MEHMET KIRDAR
IRS990/Form990PartVIISectionAGrp/PersonNm3ERDEN ARKAN
IRS990/Form990PartVIISectionAGrp/PersonNm4MORIS ROSO
IRS990/Form990PartVIISectionAGrp/PersonNm5DENIZ OZENBAS
IRS990/Form990PartVIISectionAGrp/PersonNm6LARA KARABEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0940
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0792
IRS990/InformationTechnologyGrp/TotalAmt0792
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02113
IRS990/LandBldgEquipCostOrOtherBssAmt02113
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0940
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BUSINESS FORUM ACCOMPLISHES ITS MISSION THROUGH PROVIDING A PEER-TO-PEER SUPPORT NETWORK, AS WELL AS BY ENCOURAGING ITS MEMBERS TO BECOME BUSINESS AND COMMUNITY LEADERS BY ORGANIZING MEETINGS, PUBLISHING NEWSLETTERS, BROCHURES
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt07318
IRS990/NetAssetsOrFundBalancesEOYAmt05139
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0173
IRS990/OfficeExpensesGrp/ProgramServicesAmt01304
IRS990/OfficeExpensesGrp/TotalAmt01477
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MORIS ROSO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016000
IRS990/PYOtherExpensesAmt09588
IRS990/PYRevenuesLessExpensesAmt06412
IRS990/PYTotalExpensesAmt09588
IRS990/PYTotalRevenueAmt016000
IRS990/ReconcilationRevenueExpnssAmt0-2179
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02113
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02113
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS FORUM ACCOMPLISHES ITS MISSION THROUGH PROVIDING A PEER-TO-PEER SUPPORT NETWORK, AS WELL AS BY ENCOURAGING ITS MEMBERS TO BECOME BUSINESS AND COMMUNITY LEADERS BY ORGANIZING MEETINGS, PUBLISHING NEWSLETTERS, BROCHURES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MORIS ROSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02125991192
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TURKISH-AMERICAN
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0BUSINESS FORUM INC
ReturnHeader/Filer/BusinessNameControlTxt0TURK
ReturnHeader/Filer/EIN0133945968
ReturnHeader/Filer/PhoneNum02125991192
ReturnHeader/Filer/USAddress/AddressLine1Txt0733 THIRD AVENUE FL 20
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223822644
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BACAK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0725 RIVER RD SUITE 114
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EDGEWATER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007020
ReturnHeader/PreparerPersonGrp/PhoneNum02019413600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ILKE OZAN BACAK
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-26T12:36:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
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
$5,139
Liabilities
$0
Net assets
$5,139
Revenue
$940
Expenses
$3,119
Net income
-$2,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.01$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.07$0.16$0.10$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.08$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.14$0.16$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.56
2012Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.69$0.67$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.05$0.02$1.29