Civic Intelligence

Community Resources Capital Foundation Inc

990 • Fiscal year 2018 • EIN 16-1552731

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 11, 2019

3450 Victory BoulevardStaten Island, NY 10314

(718) 447-5200

Siviq Scores

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

Liabilities / Assets

78th percentile

0.00x

Higher debt load relative to assets than 78% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.02x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Net Margin

70th percentile

39%

Higher net margin than 70% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$420,507

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 86.0% of source-year revenue.

2018 filings • NTEE T • $1M-$5M nonprofits • Source year 2018

Asset Growth

64th percentile

2.6%

Faster asset growth than 64% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

30%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$4,368,833

Up $111,703 (+2.6%) from 2017

Net Assets

Up

$4,358,833

Up $101,703 (+2.4%) from 2017

Liabilities

Up

$10,000

Up $10,000 from 2017

Revenue

Up

$489,241

Up $111,454 (+30%) from 2017

Expenses

Up

$296,086

Up $214,837 (+264%) from 2017

Net Income

Down

$193,155

Down $103,383 (-35%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,916,525Liabilities 2011: $0Net Assets 2011: $2,916,5252011Assets 2012: $3,276,320Liabilities 2012: $0Net Assets 2012: $3,276,3202012Assets 2013: $3,369,512Liabilities 2013: $0Net Assets 2013: $3,369,5122013Assets 2014: $3,743,860Liabilities 2014: $0Net Assets 2014: $3,743,8602014Assets 2015: $3,928,169Liabilities 2015: $0Net Assets 2015: $3,928,1692015Assets 2016: $3,997,300Liabilities 2016: $0Net Assets 2016: $3,997,3002016Assets 2017: $4,257,130Liabilities 2017: $0Net Assets 2017: $4,257,1302017Assets 2018: $4,368,833Liabilities 2018: $10,000Net Assets 2018: $4,358,8332018Assets 2019: $3,504,143Liabilities 2019: $0Net Assets 2019: $3,504,1432019Assets 2020: $3,275,192Liabilities 2020: $0Net Assets 2020: $3,275,1922020Assets 2021: $3,532,590Liabilities 2021: $0Net Assets 2021: $3,532,5902021Assets 2022: $2,924,280Liabilities 2022: $14,200Net Assets 2022: $2,910,0802022Assets 2023: $3,020,972Liabilities 2023: $14,900Net Assets 2023: $3,006,0722023Assets 2024: $3,249,700Liabilities 2024: $31,817Net Assets 2024: $3,217,8832024

Highlighted filing

2018

Assets$4,368,833
Liabilities$10,000
Net Assets$4,358,833

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MExpenses 2011: $42,0532011Expenses 2012: $115,3412012Expenses 2013: $332,3352013Revenue 2014: $219,112Expenses 2014: $85,676Net Income 2014: $133,4362014Revenue 2015: $291,465Expenses 2015: $43,414Net Income 2015: $248,0512015Revenue 2016: $399,192Expenses 2016: $95,374Net Income 2016: $303,8182016Revenue 2017: $377,787Expenses 2017: $81,249Net Income 2017: $296,5382017Revenue 2018: $489,241Expenses 2018: $296,086Net Income 2018: $193,1552018Revenue 2019: $385,214Expenses 2019: $1,111,266Net Income 2019: -$726,0522019Revenue 2020: $303,209Expenses 2020: $462,101Net Income 2020: -$158,8922020Revenue 2021: $545,657Expenses 2021: $402,490Net Income 2021: $143,1672021Revenue 2022: $65,327Expenses 2022: $301,645Net Income 2022: -$236,3182022Revenue 2023: $104,098Expenses 2023: $298,939Net Income 2023: -$194,8412023Revenue 2024: $177,326Expenses 2024: $251,086Net Income 2024: -$73,7602024

Highlighted filing

2018

Revenue$489,241
Expenses$296,086
Net Income$193,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 11, 2019
Return Version
2017v2.3
Gross Receipts
$1,484,302
Mission and Program Overview

Mission

Community resource capital foundation, inc. Is a not-for-profit corporation formed under the laws of the state of new york to solicit grants and contributions to distribute for the direct and sole benefit of local not- for-profit organizations that provide community services to a diverse range of constituents.

Community resources capital foundation, inc. Is a non-for profit corporation formed under the laws of the state of new york to solicit grants and contributions to distribute for the direct and sole benefit of local not-for-profit organizations that provide community services to a diverse range of constituents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,750,304$2,885,431▲ $135,127
Savings and Temporary Cash Investments$1,146,152$1,163,956▲ $17,804
Cash and Non-Interest-Bearing Accounts$338,452$296,644▼ $41,808
Total Assets$4,257,130$4,368,833▲ $111,703
Other Assets Total$22,222$22,802▲ $580
Liabilities
Accounts Payable and Accrued Expenses-$10,000-
Total Liabilities$0$10,000▲ $10,000
Net Assets / Fund Balance
Unrestricted Net Assets$4,253,477$4,353,704▲ $100,227
Temporarily Rstr Net Assets$3,653$5,129▲ $1,476
Total Net Assets Fund Balance$4,257,130$4,358,833▲ $101,703
Total Liabilities and Net Assets / Fund Balance$4,257,130$4,368,833▲ $111,703
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Dana Thomas MageeExecutive DiPT$420,507$420,507

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$192,098
Program Service Revenue
$0
Investment Income
$271,697
Other Revenue
$25,446
All Other Contributions
$134,543
Change in Net Assets
$193,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$489,241
Revenue Not Reported on Form 990
$181,404
Total Revenue per Audited Statements
$670,645
Total Revenue per Form 990
$489,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,086
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
Other Expenses$29,954--$29,954
Total Functional Expenses$296,086$0$0$296,086

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$568,942
Expenses per Audited Statements$296,086
Total Expenses per Form 990$296,086
Expenses Not Reported on Form 990$272,856
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$97,552
Fundraising Direct Expenses$72,106
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Extravaganza$114,652$73,577$19,457$54,120
Share Raffle$16,480---
Total Events$155,107$97,552$72,106$25,446
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

Governance Explanations

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

The irs form 990 is presented to the board of directors by the outside cpa firm. The board reviews and approves the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Any possible conflicts of interest must be reported to the president of the board of directors and review and action of resolution will be the responsibility of the full board of directors.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director is determined by the compensation committee. The board uses various methods to determine executive compensation including retaining an independent compensation consultant, review of 990's of other organizations, written employment contracts, and compensation studies.

Form 990, Page 6, Part VI, Line 15B

Compensation for other officers and key employees is determined by the compensation committee. The board uses various methods to determine executive compensation including retaining an independent compensation consultant, review of 990's of other organizations, written employment contracts, and compensation studies.

Form 990, Page 6, Part VI, Line 19

Disclosure of governing documents, policies and financial statements is made available upon request.

Filing and Contact Details

Filer

Filer Name
Community Resources Capital
EIN
16-1552731
Phone
7184475200
Address
3450 VICTORY BOULEVARD, STATEN ISLAND, NY 10314

Signing Officer

Name
Dana Thomas Magee
Title
Executive Director
Phone
7184475200
Signed
2019-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Thomas Magee
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Desantis Kiefer Shall & Sarcone Llp
Address
1675 RICHMOND ROAD, STATEN ISLAND, NY 10304-2317
Preparer
John M Shall Sr CPA
Phone
7183512233
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Community resource capital foundation, inc. Is a not-for-profit corporation formed under the laws of the state of new york to solicit grants and contributions to distribute for the direct and sole benefit of local not- for-profit organizations that provide community services to a diverse range of constituents.

Form 990, Part XI, Line 9

Direct fundraising expenses 62,106 direct fundraising expenses -62,106

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Direct fundraising expenses 62,106

Schedule D, Page 4, Part XII, Line 2D

Direct fundraising expenses 62,106

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES 62,106
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES 62,106
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMUNITY RESOURCE CAPITAL FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED UNDER THE LAWS OF THE STATE OF NEW YORK TO SOLICIT GRANTS AND CONTRIBUTIONS TO DISTRIBUTE FOR THE DIRECT AND SOLE BENEFIT OF LOCAL NOT- FOR-PROFIT ORGANIZATIONS THAT PROVIDE COMMUNITY SERVICES TO A DIVERSE RANGE OF CONSTITUENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE IRS FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS BY THE OUTSIDE CPA FIRM. THE BOARD REVIEWS AND APPROVES THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY POSSIBLE CONFLICTS OF INTEREST MUST BE REPORTED TO THE PRESIDENT OF THE BOARD OF DIRECTORS AND REVIEW AND ACTION OF RESOLUTION WILL BE THE RESPONSIBILITY OF THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE COMPENSATION COMMITTEE. THE BOARD USES VARIOUS METHODS TO DETERMINE EXECUTIVE COMPENSATION INCLUDING RETAINING AN INDEPENDENT COMPENSATION CONSULTANT, REVIEW OF 990'S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, AND COMPENSATION STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE COMPENSATION COMMITTEE. THE BOARD USES VARIOUS METHODS TO DETERMINE EXECUTIVE COMPENSATION INCLUDING RETAINING AN INDEPENDENT COMPENSATION CONSULTANT, REVIEW OF 990'S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, AND COMPENSATION STUDIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS IS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DIRECT FUNDRAISING EXPENSES 62,106 DIRECT FUNDRAISING EXPENSES -62,106
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.25$0.03$3.22$0.18$0.25$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.02$0.01$3.01$0.10$0.30$0.19
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.01$2.91$0.07$0.30$0.24
2021Detailed filing. Detailed filing data is available for this year.$3.53$0.00$3.53$0.55$0.40$0.14
2020Detailed filing. Detailed filing data is available for this year.$3.28$0.00$3.28$0.30$0.46$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.50$0.00$3.50$0.39$1.11$0.73
2018Detailed filing. Detailed filing data is available for this year.$4.37$0.01$4.36$0.49$0.30$0.19
2017Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$0.38$0.08$0.30
2016Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$0.40$0.10$0.30
2015Detailed filing. Detailed filing data is available for this year.$3.93$0.00$3.93$0.29$0.04$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.74$0.00$3.74$0.22$0.09$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$0.00$3.28$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.92$0.00$2.92$0.04
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