Civic Intelligence

Vergel Foundation

990PF • Fiscal year 2019 • EIN 13-4027930

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profile
180 Varick StreetNew York, NY 10014

(212) 255-7744

Siviq Scores

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

Liabilities / Assets

88th percentile

0.05x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.54x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Net Margin

78th percentile

59%

Higher net margin than 78% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

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.

2019 filings • NTEE T • $5M-$10M nonprofits • Source year 2019

Asset Growth

63rd percentile

7.8%

Faster asset growth than 63% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-50%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • NTEE T • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$6,113,621

Up $442,717 (+7.8%) from 2018

Net Assets

Up

$5,790,411

Up $351,611 (+6.5%) from 2018

Liabilities

Up

$323,210

Up $91,106 (+39%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin78th percentile

Revenue

Down

$594,767

Down $599,504 (-50%) from 2018

Expenses

Down

$243,156

Down $190,020 (-44%) from 2018

Net Income

Down

$351,611

Down $409,484 (-54%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,905,540Liabilities 2010: $775,0892010Assets 2011: $2,802,837Liabilities 2011: $648,664Net Assets 2011: $2,154,1732011Assets 2012: $2,727,588Liabilities 2012: $381,908Net Assets 2012: $2,345,6802012Assets 2013: $3,384,339Liabilities 2013: $0Net Assets 2013: $3,384,3392013Assets 2014: $4,230,527Liabilities 2014: $19,955Net Assets 2014: $4,210,5722014Assets 2015: $4,714,910Liabilities 2015: $0Net Assets 2015: $4,714,9102015Assets 2016: $5,053,736Liabilities 2016: $576,826Net Assets 2016: $4,476,9102016Assets 2017: $5,003,012Liabilities 2017: $394,826Net Assets 2017: $4,608,1862017Assets 2018: $5,670,904Liabilities 2018: $232,104Net Assets 2018: $5,438,8002018Assets 2019: $6,113,621Liabilities 2019: $323,210Net Assets 2019: $5,790,4112019Assets 2020: $6,373,062Liabilities 2020: $243,424Net Assets 2020: $6,129,6382020Assets 2021: $6,317,857Liabilities 2021: $14,759Net Assets 2021: $6,303,0982021Assets 2022: $6,466,659Liabilities 2022: $0Net Assets 2022: $6,466,6592022Assets 2024: $17,544,429Liabilities 2024: $11,998Net Assets 2024: $17,532,4312024

Highlighted filing

2019

Assets$6,113,621
Liabilities$323,210
Net Assets$5,790,411
Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $921,776Expenses 2010: $473,009Net Income 2010: $448,7672010Expenses 2011: $243,2182011Expenses 2012: $201,0932012Revenue 2013: $1,544,508Expenses 2013: $505,849Net Income 2013: $1,038,6592013Revenue 2014: $1,232,611Expenses 2014: $406,378Net Income 2014: $826,2332014Revenue 2015: $980,460Expenses 2015: $476,122Net Income 2015: $504,3382015Revenue 2016: $110,566Expenses 2016: $348,566Net Income 2016: -$238,0002016Revenue 2017: $392,012Expenses 2017: $260,736Net Income 2017: $131,2762017Revenue 2018: $1,194,271Expenses 2018: $433,176Net Income 2018: $761,0952018Revenue 2019: $594,767Expenses 2019: $243,156Net Income 2019: $351,6112019Revenue 2020: $1,315,953Expenses 2020: $699,810Net Income 2020: $616,1432020Revenue 2021: $891,776Expenses 2021: $718,316Net Income 2021: $173,4602021Revenue 2022: $742,055Expenses 2022: $578,494Net Income 2022: $163,5612022Revenue 2024: $315,732Expenses 2024: $789,157Net Income 2024: -$473,4252024

Highlighted filing

2019

Revenue$594,767
Expenses$243,156
Net Income$351,611
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert R LittmanPresidentPT$0--
Sully BonnellyDirector-$0--
John B KoegelTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Vergel Foundation
EIN
13-4027930
Phone
2122557744
Address
180 Varick Street, New York, NY 10014

Signing Officer

Name
John B Koegel
Title
Treasurer
Signed
2020-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Daniel OConnell CPA
Address
159 Bellevue Avenue, Upper Montclair, NJ 07043
Preparer
Daniel O'Connell
Phone
9735090075
Raw XML Appendix267 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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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0Portions of the collection are exhibited in museums and other institutions to give people throughout the world the opportunity to see the beauty of the works of art.
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0The Foundation administers the art collection of the late Jacques & Natasha Gelman. During 2019, portions of the collection were on exhibition at the Brooklyn Museum, the Frist Center for the Arts in Nashville, Tennessee, and the North Carolina Museum of Art in Raleigh, North Carolina. Deposits have been received for future exhibitions in Musee de Beaux-arts du Quebec, the Portland Art Museum, the Denver Art Museum, the Albuquerque Museum and CoBRa Amsterdam.
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OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1Asset Under Review - Ongoing IRS Exam
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt04627647
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt1276916
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt04627647
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt1276916
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Bank charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Cuernavaca maintenance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Exhibition expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Fine arts insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Framing
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5Secretarial services
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6Storage and delivery
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0663
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt164500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt248749
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt329634
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt45109
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt51787
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt690014
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0663
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt164500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt248749
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt329834
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt45109
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt51787
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt690014
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Exhibition fees
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0594767
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John B Koegel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vergel Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VERG
ReturnHeader/Filer/EIN0134027930
ReturnHeader/Filer/PhoneNum02122557744
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 Varick Street
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010014
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020656612
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Daniel OConnell CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0159 Bellevue Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Upper Montclair
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007043
ReturnHeader/PreparerPersonGrp/PhoneNum09735090075
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniel O'Connell
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-13T15:31:55-08:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,113,621
Liabilities
$323,210
Net assets
$5,790,411
Revenue
$594,767
Expenses
$243,156
Net income
$351,611
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$17.5$0.01$17.5$0.32$0.79$0.47
2022Detailed filing. Detailed filing data is available for this year.$6.47$0.00$6.47$0.74$0.58$0.16
2021Detailed filing. Detailed filing data is available for this year.$6.32$0.01$6.30$0.89$0.72$0.17
2020Detailed filing. Detailed filing data is available for this year.$6.37$0.24$6.13$1.32$0.70$0.62
2019Detailed filing. Detailed filing data is available for this year.$6.11$0.32$5.79$0.59$0.24$0.35
2018Detailed filing. Detailed filing data is available for this year.$5.67$0.23$5.44$1.19$0.43$0.76
2017Detailed filing. Detailed filing data is available for this year.$5.00$0.39$4.61$0.39$0.26$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.05$0.58$4.48$0.11$0.35$0.24
2015Detailed filing. Detailed filing data is available for this year.$4.71$0.00$4.71$0.98$0.48$0.50
2014Detailed filing. Detailed filing data is available for this year.$4.23$0.02$4.21$1.23$0.41$0.83
2013Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$1.54$0.51$1.04
2012Detailed filing. Detailed filing data is available for this year.$2.73$0.38$2.35$0.20
2011Detailed filing. Detailed filing data is available for this year.$2.80$0.65$2.15$0.24
2010Summary only. Only limited summary data is available for this year.$2.91$0.78$0.92$0.47$0.45