Civic Intelligence

Aaaa Foundation Inc.

990 • Fiscal year 2019 • EIN 13-3949950

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

Organization ProfileN/A
1065 Ave Of The Americas 16th FlrNew York, NY 10018

(212) 850-0770

Siviq Scores

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

Liabilities / Assets

80th percentile

0.62x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.22x

Higher debt load relative to revenue than 67% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

22nd percentile

-4.3%

Higher net margin than 22% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

100th percentile

$807,250

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 50.8% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

36th percentile

0.1%

Faster asset growth than 36% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

36%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$558,945

Up $598 (+0.1%) from 2018

Net Assets

Down

$213,699

Down $69,044 (-24%) from 2018

Liabilities

Up

$345,246

Up $69,642 (+25%) from 2018

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin22nd percentile

Revenue

Up

$1,590,564

Up $423,353 (+36%) from 2018

Expenses

Up

$1,659,608

Up $413,862 (+33%) from 2018

Net Income

Up

-$69,044

Up $9,491 (+12%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $988,679Liabilities 2011: $66,296Net Assets 2011: $922,3832011Assets 2012: $785,380Liabilities 2012: $66,383Net Assets 2012: $718,9972012Assets 2013: $641,331Liabilities 2013: $66,496Net Assets 2013: $574,8352013Assets 2014: $623,979Liabilities 2014: $120,600Net Assets 2014: $503,3792014Assets 2015: $544,946Liabilities 2015: $86,300Net Assets 2015: $458,6462015Assets 2016: $291,457Liabilities 2016: $75,000Net Assets 2016: $216,4572016Assets 2017: $413,778Liabilities 2017: $52,500Net Assets 2017: $361,2782017Assets 2018: $558,347Liabilities 2018: $275,604Net Assets 2018: $282,7432018Assets 2019: $558,945Liabilities 2019: $345,246Net Assets 2019: $213,6992019Assets 2020: $1,098,912Liabilities 2020: $744,071Net Assets 2020: $354,8412020Assets 2021: $2,600,268Liabilities 2021: $515,045Net Assets 2021: $2,085,2232021Assets 2022: $2,704,594Liabilities 2022: $487,652Net Assets 2022: $2,216,9422022Assets 2023: $1,728,664Liabilities 2023: $247,599Net Assets 2023: $1,481,0652023Assets 2024: $173,918Liabilities 2024: $357,624Net Assets 2024: -$183,7062024

Highlighted filing

2019

Assets$558,945
Liabilities$345,246
Net Assets$213,699
Open 2019 Filing

Operations Trend

Revenue Growth86th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $625,318Expenses 2011: $215,145Net Income 2011: $410,1732011Revenue 2012: $82,099Expenses 2012: $285,485Net Income 2012: -$203,3862012Revenue 2013: $153,625Expenses 2013: $297,787Net Income 2013: -$144,1622013Revenue 2014: $218,543Expenses 2014: $289,999Net Income 2014: -$71,4562014Revenue 2015: $293,703Expenses 2015: $338,436Net Income 2015: -$44,7332015Revenue 2016: $45,201Expenses 2016: $287,390Net Income 2016: -$242,1892016Revenue 2017: $461,637Expenses 2017: $316,816Net Income 2017: $144,8212017Revenue 2018: $1,167,211Expenses 2018: $1,245,746Net Income 2018: -$78,5352018Revenue 2019: $1,590,564Expenses 2019: $1,659,608Net Income 2019: -$69,0442019Revenue 2020: $1,051,379Expenses 2020: $910,237Net Income 2020: $141,1422020Revenue 2021: $3,368,477Expenses 2021: $1,638,095Net Income 2021: $1,730,3822021Revenue 2022: $2,455,612Expenses 2022: $2,323,893Net Income 2022: $131,7192022Revenue 2023: $2,183,289Expenses 2023: $2,919,166Net Income 2023: -$735,8772023Revenue 2024: $1,197,925Expenses 2024: $2,862,696Net Income 2024: -$1,664,7712024

Highlighted filing

2019

Revenue$1,590,564
Expenses$1,659,608
Net Income-$69,044
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.0
Gross Receipts
$1,756,022
Mission and Program Overview

Mission

The foundation provides scholarships, grants, and other educational programs to multicultural students pursuing a career in advertising. Additionally, the foundation provides funding to organizations that engage all levels of multicultural talent that may not otherwise consider advertising as a career option, in order to develop new sources from which to recurit and new methods to develop talent for the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$95,251$265,361▲ $170,110
Savings and Temporary Cash Investments$251,768$192,430▼ $59,338
Cash and Non-Interest-Bearing Accounts$211,328$101,154▼ $110,174
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$558,347$558,945▲ $598
Other Assets Total-$0-
Liabilities
Other Liabilities$236,329$288,376▲ $52,047
Accounts Payable and Accrued Expenses$39,275$56,870▲ $17,595
Total Liabilities$275,604$345,246▲ $69,642
Net Assets / Fund Balance
Net Assets With Donor Restrictions$214,245$177,245▼ $37,000
Net Assets Without Donor Restrictions$68,498$36,454▼ $32,044
Total Net Assets Fund Balance$282,743$213,699▼ $69,044
Total Liabilities and Net Assets / Fund Balance$558,347$558,945▲ $598
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Reema Elghossain4A'S VP, FDTN/TAL$125,500$125,500

Board Members and Trustees

NameTitle
Jeff MonahanCo Chairperson
Ruston SpurlockCo Chairperson
Marla KaplowitzPresident
Ashok SinhaDirector
Chris LollDirector
Deidre Smalls-landauDirector
Denise WongDirector
Doctor Paula MassoodDirector
Douglas DavisDirector
Emily SanderDirector
Jennifer RisiDirector
Luis Miguel MessianuDirector
Lukeisha PaulDirector
Mary BaglivoDirector
RENETTA McCANNDirector
Ronald LewisDirector
Sadie ThomaDirector
Saneel RadiaDirector
Simon Fenwick4A'S EVP TALENT
Renee JenningsBod Treasurer
JAMES O'DONNELLEVP, Controller
Revenue and Support

Revenue Composition

Contributions and Grants
$190,910
Program Service Revenue
$1,023,840
Investment Income
$697
Other Revenue
$375,117
All Other Contributions
$190,910
Change in Net Assets
$-69,044

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$75,000
Total Noncash Contributions1$75,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,590,564
Total Revenue per Audited Statements
$1,590,564
Total Revenue per Form 990
$1,590,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,108,948
Salaries, Compensation, and Employee Benefits$447,160
Total Fundraising Expense$134,148
Grants and Similar Amounts Paid$103,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,580$89,432$134,148$447,160
Fees for Services Management-$73,000-$73,000
Foreign Grants$70,000--$70,000
Fees for Services Accounting-$31,425-$31,425
Grants to Domestic Orgs$30,000--$30,000
Other Expenses$27,609$25,000-$25,000
Fees for Services Other$8,300--$8,300
Travel-$7,563-$7,563
All Other Expenses$4,111$992-$5,103
Grants to Domestic Individuals$3,500--$3,500
Total Functional Expenses$1,298,048$227,412$134,148$1,659,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,659,608
Total Expenses per Audited Statements$1,659,608
Total Expenses per Form 990$1,659,608
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carnegie Mellon UniversityPittsburgh, PA-Scholarship$10,000

International Compliance

Foreign grant records maintained
Yes
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
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$540,575
Fundraising Direct Expenses$165,458
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Face of Talent$540,575$540,575$165,458$375,117
Total Events$540,575$540,575$165,458$375,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to AAAA, Inc.$288,376
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“An initial review of form 990 is conducted by one member of the board of directors along with james odonnell, executive vice president, finance & treasurer”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“There is a Code of Conduct Policy of The 4A's Association (a related tax-exempt association) which Marla Kaplowitz (President) and James O'Donnell(Executive Vice President, Finance & Treasurer)sign every other year.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The audit report is sent to all board members. The board meeting minutes are sent to all board members. In addition, the organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Aaaa Foundation Inc
EIN
13-3949950
Phone
2128500770
Address
1065 AVE OF THE AMERICAS 16TH FLR, NEW YORK, NY 10018

Signing Officer

Name
JAMES O'DONNELL
Title
Evp, Finance & Treas
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Ny
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
Bencivenga Ward & Company CPAs PC
Address
420 Columbus Avenue Suite 304, Valhalla, NY 10595
Preparer
Leonard J Bencivenga CPA
Phone
9147695005
Supplemental Narrative

Additional Explanations

Review of Officer Compensation

“The officers of the foundation are paid by a related organization whose board approves compensation for the oficers.”

Financial Statement Notes

Part X : FIN48 Footnote

“The foundation is subject to the provisions of the financial accounting standards board ("fasb") accounting standards codification ("asc") topic 740, income taxes, as it relates to accounting and reporting for uncertainty in income taxes. Because of the foundation's tax-exempt status, asc topic 740 has not had, and is not expected to have a material impact on the foundations' financial statements.”

Raw XML AppendixShowing 400 of 661 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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IRS990/Form990PartVIISectionAGrp/PersonNm12MARY BAGLIVO
IRS990/Form990PartVIISectionAGrp/PersonNm13DEIDRE SMALLS-LANDAU
IRS990/Form990PartVIISectionAGrp/PersonNm14JENNIFER RISI
IRS990/Form990PartVIISectionAGrp/PersonNm15LUIS MIGUEL MESSIANU
IRS990/Form990PartVIISectionAGrp/PersonNm16LUKEISHA PAUL
IRS990/Form990PartVIISectionAGrp/PersonNm17DOUGLAS DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFF MONAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm19EMILY SANDER
IRS990/Form990PartVIISectionAGrp/PersonNm20DENISE WONG
IRS990/Form990PartVIISectionAGrp/PersonNm21DOCTOR PAULA MASSOOD
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP, Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt24A'S EVP TALENT
IRS990/Form990PartVIISectionAGrp/TitleTxt34A'S VP, FDTN/TAL
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Co Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Co Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
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IRS990/GrantsToOrganizationsInd0true
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IRS990/InsuranceGrp/TotalAmt00
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IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0697
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IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, AND OTHER EDUCATIONAL PROGRAMS TO MULTICULTURAL STUDENTS PURSUING A CAREER IN ADVERTISING. ADDITIONALLY, THE FOUNDATION PROVIDES FUNDING TO ORGANIZATIONS THAT ENGAGE ALL LEVELS OF MULTICULTURAL TALENT THAT MAY NOT OTHERWISE CONSIDER ADVERTISING AS A CAREER OPTION, IN ORDER TO DEVELOP NEW SOURCES FROM WHICH TO RECURIT AND NEW METHODS TO DEVELOP TALENT FOR THE INDUSTRY.
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IRS990/MoreThan5000KToOrgInd0true
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IRS990/NetAssetsOrFundBalancesEOYAmt0213699
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0375117
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
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IRS990/OtherExpensesGrp/Desc1HIGH SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc3BAD DEBT
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt089432
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IRS990/PYInvestmentIncomeAmt0569
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IRS990/PYOtherRevenueAmt0122886
IRS990/PYProgramServiceRevenueAmt0639350
IRS990/PYRevenuesLessExpensesAmt0-78535
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IRS990/PYTotalRevenueAmt01167211
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$558,945
Liabilities
$345,246
Net assets
$213,699
Revenue
$1,590,564
Expenses
$1,659,608
Net income
-$69,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.36$0.18$1.20$2.86$1.66
2023Detailed filing. Detailed filing data is available for this year.$1.73$0.25$1.48$2.18$2.92$0.74
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.49$2.22$2.46$2.32$0.13
2021Detailed filing. Detailed filing data is available for this year.$2.60$0.52$2.09$3.37$1.64$1.73
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.74$0.35$1.05$0.91$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.35$0.21$1.59$1.66$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.28$0.28$1.17$1.25$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.05$0.36$0.46$0.32$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.08$0.22$0.05$0.29$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.09$0.46$0.29$0.34$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.12$0.50$0.22$0.29$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.64$0.07$0.57$0.15$0.30$0.14
2012Summary only. Only limited summary data is available for this year.$0.79$0.07$0.72$0.08$0.29$0.20
2011Summary only. Only limited summary data is available for this year.$0.99$0.07$0.92$0.63$0.22$0.41