Civic Intelligence

Investigative Project on Terrorism Foundation

990 • Fiscal year 2015 • EIN 13-4331855

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

5614 Connecticut Avenue NW 341Washington, DC 20015

(202) 363-8602

Siviq Scores

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

Liabilities / Assets

81st percentile

0.57x

Higher debt load relative to assets than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.33x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

4th percentile

-80%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-57%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,228,425

Down $1,647,171 (-57%) from 2014

Net Assets

Down

$532,704

Down $1,707,798 (-76%) from 2014

Liabilities

Up

$695,721

Up $60,627 (+9.5%) from 2014

Revenue

Down

$2,127,991

Down $1,338,308 (-39%) from 2014

Expenses

Up

$3,835,789

Up $1,353,685 (+55%) from 2014

Net Income

Down

-$1,707,798

Down $2,691,993 (-274%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,285,935Liabilities 2010: $0Net Assets 2010: $1,285,9352010Assets 2011: $2,137,225Liabilities 2011: $620,363Net Assets 2011: $1,516,8622011Assets 2012: $1,898,202Liabilities 2012: $870,097Net Assets 2012: $1,028,1052012Assets 2013: $1,842,513Liabilities 2013: $586,206Net Assets 2013: $1,256,3072013Assets 2014: $2,875,596Liabilities 2014: $635,094Net Assets 2014: $2,240,5022014Assets 2015: $1,228,425Liabilities 2015: $695,721Net Assets 2015: $532,7042015Assets 2016: $1,277,896Liabilities 2016: $874,039Net Assets 2016: $403,8572016Assets 2017: $1,121,139Liabilities 2017: $1,258,396Net Assets 2017: -$137,2572017Assets 2018: $730,597Liabilities 2018: $759,927Net Assets 2018: -$29,3302018Assets 2019: $947,172Liabilities 2019: $1,008,325Net Assets 2019: -$61,1532019Assets 2020: $674,041Liabilities 2020: $731,675Net Assets 2020: -$57,6342020Assets 2021: $710,182Liabilities 2021: $634,066Net Assets 2021: $76,1162021Assets 2022: $332,345Liabilities 2022: $489,015Net Assets 2022: -$156,6702022Assets 2023: $65,355Liabilities 2023: $462,520Net Assets 2023: -$397,1652023Assets 2024: $746,196Liabilities 2024: $397,313Net Assets 2024: $348,8832024

Highlighted filing

2015

Assets$1,228,425
Liabilities$695,721
Net Assets$532,704

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $2,656,074Expenses 2010: $3,528,481Net Income 2010: -$872,4072010Expenses 2011: $2,611,0072011Expenses 2012: $2,971,7302012Revenue 2013: $2,750,186Expenses 2013: $2,521,984Net Income 2013: $228,2022013Revenue 2014: $3,466,299Expenses 2014: $2,482,104Net Income 2014: $984,1952014Revenue 2015: $2,127,991Expenses 2015: $3,835,789Net Income 2015: -$1,707,7982015Revenue 2016: $2,531,474Expenses 2016: $2,660,321Net Income 2016: -$128,8472016Revenue 2017: $2,056,982Expenses 2017: $2,598,096Net Income 2017: -$541,1142017Revenue 2018: $1,984,898Expenses 2018: $1,876,971Net Income 2018: $107,9272018Revenue 2019: $2,219,616Expenses 2019: $2,401,439Net Income 2019: -$181,8232019Revenue 2020: $2,219,083Expenses 2020: $2,215,564Net Income 2020: $3,5192020Revenue 2021: $2,516,409Expenses 2021: $2,382,659Net Income 2021: $133,7502021Revenue 2022: $1,686,337Expenses 2022: $1,924,286Net Income 2022: -$237,9492022Revenue 2023: $869,903Expenses 2023: $1,110,398Net Income 2023: -$240,4952023Revenue 2024: $1,714,455Expenses 2024: $883,299Net Income 2024: $831,1562024

Highlighted filing

2015

Revenue$2,127,991
Expenses$3,835,789
Net Income-$1,707,798
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$2,127,991
Mission and Program Overview

Mission

To research and expose the activities of terrorist networks and supporters in the u.s. And abroad and to educate the public about this threat.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,872,868$1,211,632▼ $1,661,236
Cash and Non-Interest-Bearing Accounts$2,728$16,793▲ $14,065
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,875,596$1,228,425▼ $1,647,171
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$635,094$695,721▲ $60,627
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$635,094$695,721▲ $60,627
Net Assets / Fund Balance
Unrestricted Net Assets$2,240,502$532,704▼ $1,707,798
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,240,502$532,704▼ $1,707,798
Total Liabilities and Net Assets / Fund Balance$2,875,596$1,228,425▼ $1,647,171
Compensation and Service Providers

Board Members and Trustees

NameTitle
C Alan PeyserChairman
Jason MintzDirector
Steven a EmersonSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Invest Proj On Terrorism ResearchPrgm., Mgmt., Etc.5614 Connecticut Avenue NW Suite, Washington, DC 20015$2,284,936
Revenue and Support

Revenue Composition

Contributions and Grants
$2,114,049
Program Service Revenue
$0
Investment Income
$6,735
Other Revenue
$7,207
All Other Contributions
$2,114,049
Change in Net Assets
$-1,707,798

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$44,649Fair Market Value (FMV)
Total Noncash Contributions8$44,649-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,835,789
Total Fundraising Expense$367,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$2,752,313$688,243$150,000$3,590,556
Advertising$0$0$217,247$217,247
Office Expenses$0$13,392$0$13,392
Fees for Services Accounting$0$11,425$0$11,425
Other Expenses$0$1,144$0$1,144
Total Functional Expenses$2,752,313$716,229$367,247$3,835,789
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Investigative Project on Terrorism Foundation
EIN
13-4331855
In Care Of
% MARIA SWANIGER
Phone
2023638602
Address
5614 Connecticut Avenue NW 341, Washington, DC 20015

Signing Officer

Name
Steven a Emerson
Title
Secretary/Treasurer
Phone
2023638602
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven a Emerson
Formed
2006
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE 400E, BETHESDA, MD 20814-6583
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Governing Documents

Part vi, line 19 the organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.

Review of Form 990

Part VI, Line 11B The Board's outside counsel and outsourced CFO are provided a copy of the 990 prior to the Board's review. The board reviews and addresses any questions/changes prior to filing the return.

Conflict of Interest Policy

Part VI, Section B, Line 12C THE CONFLICT OF interest policy is SIGNED YEARLY by all members of the board. The conflict of interest statements ARE maintained by the foundation and ARE consistently monitored and enforced.

Delegation of Control to an Outside Source

Part VI, Section A, Line 3 The Investigative Project on Terrorism Research Group, Inc. is a not-for-profit organization which provides management services to the Investigative Project on Terrorism Foundation.

Oversight of Audit

Part XII, Line 2C The selection of auditors and oversight of audit is performed by the board of directors.

Business Relationship

Part VI, Section A, Line 2 Steven Emerson and Jason Mintz have a business relationship.

Members of the Organization

PART VI, LINES 7A, 7B Directors of the organization, acting as the Class A Members, have the right to elect and remove members of the Board of Directors. Class B Members have the right to elect up to two members of the Board of Directors in the event that the size of the governing body falls below a certain level.

Documentation of Committee Meetings

Part vi, line 8b the organization had no committees outside of the governing body during the year.

Schedule B- Anonymous Gift

The anonymous contribution listed on Schedule B was given to a law firm under attorney client privilege not to reveal the donor.

audited financial statements

the organization has an annual audit of its financial statements performed. The audit of the 2015 financial statements was in process as of the filing of Form 990.

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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/PrincipalOfficerNm0STEVEN A EMERSON
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IRS990/ReportOtherAssetsInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02872868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01211632
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02114049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03448546
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IRS990ScheduleA/PublicSupportPY170Pct00.83876
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02513142
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02836719
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt013612081
IRS990ScheduleA/TotalSupportAmt013712646
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt08
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt044649
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Part I, Line 32B The Investigative Project on Terrorism Foundation has an investment account with UBS, and used UBS to sell its donated stock in 2015.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Donated Stock
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part VI, Line 11B The Board's outside counsel and outsourced CFO are provided a copy of the 990 prior to the Board's review. The board reviews and addresses any questions/changes prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Part VI, Section B, Line 12C THE CONFLICT OF interest policy is SIGNED YEARLY by all members of the board. The conflict of interest statements ARE maintained by the foundation and ARE consistently monitored and enforced.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part VI, Section A, Line 3 The Investigative Project on Terrorism Research Group, Inc. is a not-for-profit organization which provides management services to the Investigative Project on Terrorism Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part XII, Line 2C The selection of auditors and oversight of audit is performed by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part VI, Section A, Line 2 Steven Emerson and Jason Mintz have a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PART VI, LINES 7A, 7B Directors of the organization, acting as the Class A Members, have the right to elect and remove members of the Board of Directors. Class B Members have the right to elect up to two members of the Board of Directors in the event that the size of the governing body falls below a certain level.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PART VI, LINE 8B THE ORGANIZATION HAD NO COMMITTEES OUTSIDE OF THE GOVERNING BODY DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The anonymous contribution listed on Schedule B was given to a law firm under attorney client privilege not to reveal the donor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9the organization has an annual audit of its financial statements performed. The audit of the 2015 financial statements was in process as of the filing of Form 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0GOVERNING DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Review of Form 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of Interest Policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Delegation of Control to an Outside Source
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Oversight of Audit
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Business Relationship
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Members of the Organization
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7DOCUMENTATION OF COMMITTEE MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Schedule B- Anonymous Gift
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9audited financial statements
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IRS990/StatesWhereCopyOfReturnIsFldCd4MA
IRS990/StatesWhereCopyOfReturnIsFldCd5MI
IRS990/StatesWhereCopyOfReturnIsFldCd6NJ
IRS990/StatesWhereCopyOfReturnIsFldCd7NY
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IRS990/StatesWhereCopyOfReturnIsFldCd9VA
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0716229
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IRS990/TotalFunctionalExpensesGrp/TotalAmt03835789
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0695721
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0532704
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02127991
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02875596

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.40$0.35$1.71$0.88$0.83
2023Summary only. Only limited summary data is available for this year.$0.07$0.46$0.40$0.87$1.11$0.24
2022Summary only. Only limited summary data is available for this year.$0.33$0.49$0.16$1.69$1.92$0.24
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.63$0.08$2.52$2.38$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.73$0.06$2.22$2.22$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$1.01$0.06$2.22$2.40$0.18
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.76$0.03$1.98$1.88$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$1.26$0.14$2.06$2.60$0.54
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.87$0.40$2.53$2.66$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.70$0.53$2.13$3.84$1.71
2014Detailed filing. Detailed filing data is available for this year.$2.88$0.64$2.24$3.47$2.48$0.98
2013Detailed filing. Detailed filing data is available for this year.$1.84$0.59$1.26$2.75$2.52$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.87$1.03$2.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.62$1.52$2.61
2010Summary only. Only limited summary data is available for this year.$1.29$0.00$1.29$2.66$3.53$0.87
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