Civic Intelligence

Fact Long Island Foundation

990 • Fiscal year 2015 • EIN 20-0678337

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 04, 2016

Organization ProfileWWW.FACTFOUNDATION.ORG
71 S Park DriveOld Bethoage, NY 11804

(516) 647-7853

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

1.11x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-829%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

16th percentile

-27%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$40,693

Down $14,888 (-27%) from 2014

Net Assets

Down

$38,693

Down $14,888 (-28%) from 2014

Liabilities

Flat

$2,000

Flat from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin1st percentile

Revenue

Down

$1,795

Down $122,577 (-99%) from 2014

Expenses

Down

$16,683

Down $79,118 (-83%) from 2014

Net Income

Down

-$14,888

Down $43,459 (-152%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$60K$40K$20K$0Assets 2010: $36,142Liabilities 2010: $12,000Net Assets 2010: $24,1422010Assets 2011: $31,644Liabilities 2011: $2,000Net Assets 2011: $29,6442011Assets 2012: $50,201Liabilities 2012: $4,496Net Assets 2012: $45,7052012Assets 2013: $27,010Liabilities 2013: $2,000Net Assets 2013: $25,0102013Assets 2014: $55,581Liabilities 2014: $2,000Net Assets 2014: $53,5812014Assets 2015: $40,693Liabilities 2015: $2,000Net Assets 2015: $38,6932015Assets 2016: $41,775Liabilities 2016: $2,000Net Assets 2016: $39,7752016

Highlighted filing

2015

Assets$40,693
Liabilities$2,000
Net Assets$38,693
Open 2015 Filing

Operations Trend

Revenue Growth1st percentile

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

$150K$100K$50K$0-$50KExpenses 2010: $27,6082010Expenses 2011: $27,9602011Revenue 2012: $25,703Expenses 2012: $9,642Net Income 2012: $16,0612012Revenue 2013: $6,841Expenses 2013: $27,536Net Income 2013: -$20,6952013Revenue 2014: $124,372Expenses 2014: $95,801Net Income 2014: $28,5712014Revenue 2015: $1,795Expenses 2015: $16,683Net Income 2015: -$14,8882015Revenue 2016: $630Expenses 2016: -$452Net Income 2016: $1,0822016

Highlighted filing

2015

Revenue$1,795
Expenses$16,683
Net Income-$14,888
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$1,795
Mission and Program Overview

Mission

Fact breast cancer foundation (fbcf) is corrunitted to making a difference in advancing the research of breast cancer so that great strides will be made in finding a cure. Our intent is to fund and support institutions with dynamic and dedicated breast cancer.

Fact is committed to making a difference in advancing the research of breast cancer so that great

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,344$29,362▼ $15,982
Savings and Temporary Cash Investments$10,237$10,247▲ $10
Pledges and Grants Receivable$0$1,084▲ $1,084
Total Assets$55,581$40,693▼ $14,888
Liabilities
Accounts Payable and Accrued Expenses$2,000$2,000→ $0
Total Liabilities$2,000$2,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$53,581$38,693▼ $14,888
Total Net Assets Fund Balance$53,581$38,693▼ $14,888
Total Liabilities and Net Assets / Fund Balance$55,581$40,693▼ $14,888
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Linda FerrantePresident
Carolyn GenoveseVice President
Richard NotaVice President/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,785
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$1,785
Change in Net Assets
$-14,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,579
Total Fundraising Expense$5,609
Grants and Similar Amounts Paid$5,104
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,500-$4,500
Grants to Domestic Orgs$3,000--$3,000
Conferences and Meetings--$2,150$2,150
Grants to Domestic Individuals$2,104--$2,104
Information Technology--$2,000$2,000
Advertising--$705$705
Other Expenses-$75$754$75
Total Functional Expenses$5,104$5,970$5,609$16,683
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
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, Part VI, Section A, Line 2

“Linda ferrante and silvana ferrante are sisters-in-law.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have formally documented subcommittee minutes as the organization does not have formal subcommittees that have meetings and report to the board”

Form 990, Part VI, Section B, Line 11

“Linda ferrante and david c. Sobel, cpa, pc meet to discuss the financial statements and tax return. Linda then asks any questions she has and then signs the rep letter and approves the financial statements and tax return.”

Form 990, Part VI, Section C, Line 18

“990 is available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization has some documents available online other documents like financial statements are available on request. The organization does not have a conflict of interest policy at this time, although there has been no such activity between any officer or trustee with the foundation, for which such a policy would be needed.”

Filing and Contact Details

Filer

Filer Name
Fact Long Island Foundation
EIN
20-0678337
Phone
5166477853
Address
71 S PARK DRIVE, OLD BETHOAGE, NY 11804

Signing Officer

Name
Linda Ferrante
Title
President
Phone
5166477853
Signed
2016-10-04

Organization Details

Principal Officer
Linda Ferrante
Formed
2001
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
David C Sobel CPA Pc
Address
57 HUNTING HILL DRIVE, DIX HILLS, NY 11746
Preparer
David C Sobel CPA
Phone
6314622457
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“Strides will be made in finding a cure. Our purpose and mission is to raise funds for breast cancer research, and to increase awareness through our events and media outlets.”

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“Researchers. We remain focused, energized and diligent in our efforts to obtain this goal. We seek to make a positive difference in the lives of those affected by breast cancer through our programs: free wigs, pink glove service for those in need, college scholarships, etc. We will raise funds for breast cancer research, and increase awareness through our events and media outlets.”

Raw XML Appendix319 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/Desc0PROVIDED OTHER GRANTS TO ORGANIZATIONS WHO SUPPORT WOMEN AFFECTED BY BREAST CANCER, CONDUCT BREAST CANCER RESEARCH, AND/OR PROVIDE BREAST CANCER SERVICES AND PROGRAMS. PROVIDED DIRECT SUPPORT TO WOMEN AFFECTED BY CANCER BY PROVIDING THEM WITH WIGS.
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IRS990/MissionDesc0FACT BREAST CANCER FOUNDATION (FBCF) IS CORRUNITTED TO MAKING A DIFFERENCE IN ADVANCING THE RESEARCH OF BREAST CANCER SO THAT GREAT STRIDES WILL BE MADE IN FINDING A CURE. OUR INTENT IS TO FUND AND SUPPORT INSTITUTIONS WITH DYNAMIC AND DEDICATED BREAST CANCER.
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IRS990/ProgSrvcAccomActy2Grp/Desc0HOSTED A NEW EVENT TO RAISE FUNDS FOR TAX EXEMPT PURPOSE.
IRS990/ProgSrvcAccomActy3Grp/Desc0WORK TOWARDS UPDATING AWARENESS OF THE FOUNDATION THROUGH INCREASING THE FOUNDATION'S WEB PRESENCE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STRIDES WILL BE MADE IN FINDING A CURE. OUR PURPOSE AND MISSION IS TO RAISE FUNDS FOR BREAST CANCER RESEARCH, AND TO INCREASE AWARENESS THROUGH OUR EVENTS AND MEDIA OUTLETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RESEARCHERS. WE REMAIN FOCUSED, ENERGIZED AND DILIGENT IN OUR EFFORTS TO OBTAIN THIS GOAL. WE SEEK TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF THOSE AFFECTED BY BREAST CANCER THROUGH OUR PROGRAMS: FREE WIGS, PINK GLOVE SERVICE FOR THOSE IN NEED, COLLEGE SCHOLARSHIPS, ETC. WE WILL RAISE FUNDS FOR BREAST CANCER RESEARCH, AND INCREASE AWARENESS THROUGH OUR EVENTS AND MEDIA OUTLETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINDA FERRANTE AND SILVANA FERRANTE ARE SISTERS-IN-LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE FORMALLY DOCUMENTED SUBCOMMITTEE MINUTES AS THE ORGANIZATION DOES NOT HAVE FORMAL SUBCOMMITTEES THAT HAVE MEETINGS AND REPORT TO THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINDA FERRANTE AND DAVID C. SOBEL, CPA, PC MEET TO DISCUSS THE FINANCIAL STATEMENTS AND TAX RETURN. LINDA THEN ASKS ANY QUESTIONS SHE HAS AND THEN SIGNS THE REP LETTER AND APPROVES THE FINANCIAL STATEMENTS AND TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS SOME DOCUMENTS AVAILABLE ONLINE OTHER DOCUMENTS LIKE FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY AT THIS TIME, ALTHOUGH THERE HAS BEEN NO SUCH ACTIVITY BETWEEN ANY OFFICER OR TRUSTEE WITH THE FOUNDATION, FOR WHICH SUCH A POLICY WOULD BE NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01795
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt055581
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt040693
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt053581
IRS990/UnrestrictedNetAssetsGrp/EOYAmt038693
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt071 S PARK DRIVE
IRS990/USAddress/CityNm0OLD BETHPAGE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011804
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.FACTFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA FERRANTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05166477853
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FACT LONG ISLAND FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FACT
ReturnHeader/Filer/EIN0200678337
ReturnHeader/Filer/PhoneNum05166477853
ReturnHeader/Filer/USAddress/AddressLine1Txt071 S PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0OLD BETHOAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011804
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0522388115
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID C SOBEL CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt057 HUNTING HILL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DIX HILLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011746
ReturnHeader/PreparerPersonGrp/PhoneNum06314622457
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID C SOBEL CPA
ReturnHeader/ReturnTs02016-10-04T17:58:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,693
Liabilities
$2,000
Net assets
$38,693
Revenue
$1,795
Expenses
$16,683
Net income
-$14,888
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.01$0.00$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.02$0.39$0.02$0.17$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.02$0.54$1.24$0.96$0.29
2013Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.07$0.28$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.04$0.46$0.26$0.10$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.02$0.30$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.12$0.24$0.28