Civic Intelligence

The Foundation Source Charitable Foundation Inc

990PF • Fiscal year 2021 • EIN 20-1459350

Apr 01, 2020 to Mar 31, 2021 • Filed on Jan 05, 2022

Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • <$500k nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • <$500k nonprofits • Source year 2021

Net Margin

33rd percentile

-1.8%

Higher net margin than 33% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2021 filings • <$500k nonprofits • Source year 2021

Asset Growth

32nd percentile

-4.2%

Faster asset growth than 32% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

58166%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$8,264

Down $365 (-4.2%) from 2020

Net Assets

$8,264

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$20,393

Up $20,358 (+58166%) from 2020

Expenses

Up

$20,758

Up $4,610 (+29%) from 2020

Net Income

Up

-$365

Up $15,748 (+98%) from 2020

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2010: $867Liabilities 2010: $0Net Assets 2010: $8672010Assets 2011: $1,048Liabilities 2011: $0Net Assets 2011: $1,0482011Assets 2012: $1,932Liabilities 2012: $0Net Assets 2012: $1,9322012Assets 2013: $4,238Liabilities 2013: $0Net Assets 2013: $4,2382013Assets 2014: $8,847Liabilities 2014: $0Net Assets 2014: $8,8472014Assets 2015: $18,734Liabilities 2015: $0Net Assets 2015: $18,7342015Assets 2017: $21,272Liabilities 2017: $0Net Assets 2017: $21,2722017Assets 2019: $26,360Liabilities 2019: $12019Assets 2020: $8,629Liabilities 2020: $02020Assets 2021: $8,264Liabilities 2021: $0Net Assets 2021: $8,2642021Assets 2022: $13,374Liabilities 2022: $0Net Assets 2022: $13,3742022Assets 2023: $30,860Liabilities 2023: $12023Assets 2025: $23,978Liabilities 2025: $0Net Assets 2025: $23,9782025

Highlighted filing

2021

Assets$8,264
Liabilities$0
Net Assets$8,264

Operations Trend

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

$40K$20K$0-$20KExpenses 2010: $2,8252010Expenses 2011: $1,8252011Expenses 2012: $2,1252012Revenue 2013: $10,031Expenses 2013: $7,825Net Income 2013: $2,2062013Revenue 2014: $12,525Expenses 2014: $7,916Net Income 2014: $4,6092014Revenue 2015: $15,063Expenses 2015: $5,176Net Income 2015: $9,8872015Revenue 2017: $15,086Expenses 2017: $9,677Net Income 2017: $5,4092017Revenue 2019: $15,141Expenses 2019: $4,970Net Income 2019: $10,1712019Revenue 2020: $35Expenses 2020: $16,148Net Income 2020: -$16,1132020Revenue 2021: $20,393Expenses 2021: $20,758Net Income 2021: -$3652021Revenue 2022: $30,137Expenses 2022: $25,027Net Income 2022: $5,1102022Revenue 2023: $20,143Expenses 2023: $2,657Net Income 2023: $17,4862023Revenue 2025: $25,365Expenses 2025: $28,648Net Income 2025: -$3,2832025

Highlighted filing

2021

Revenue$20,393
Expenses$20,758
Net Income-$365
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Jan 5, 2022
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie Buck-TomekDir, Sec-$0--
Jeffrey D HaskellVP-$0--
Erin HarriganVP-$0--
Tania HueteDir, Pres, Sec-$0--
Erica PerezDir, VP-$0--
Daniel SchreckDir, Treas-$0--
Page SnowDirector-$0--
Mary Ann StoverDirector-$0--
Jeannea VarrichioDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Foundation Source Charitable Foundation
EIN
20-1459350
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Daniel Schreck
Title
Treasurer
Phone
8008391754
Signed
2022-01-05
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
ONE HOLLOW LN STE 212, LAKE SUCCESS, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML AppendixShowing 400 of 427 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0Jamie Buck-Tomek
CompensationExplanation/CompensationExplanationGrp/PersonNm1Page Snow
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt0*resigned from foundation in 2020
CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt1*resigned from foundation in 2020
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionAmt080
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd014
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/Desc0INTEREST INCOME FROM NOTES
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionAmt063
IRS990PF/AnalysisIncomeProducingActyGrp/OtherRevenueDescribedGrp/ExclusionCd014
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IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt018136
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IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt0-365
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt080
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt080
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt0143
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IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt02525
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IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingDsbrsChrtblAmt097
IRS990PF/AnalysisOfRevenueAndExpenses/TravConfMeetingRevAndExpnssAmt097
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt0-365
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt08264
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IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt08264
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt0758
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt0758
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt0758
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt0760
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt02
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt02
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt02
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt02
IRS990PF/FMVAssetsEOYAmt08264
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind0X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt02500
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IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt02500
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt08629
IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningEOYAmt08264
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IRS990PF/Form990PFBalanceSheetsGrp/SavAndTempCashInvstEOYAmt05764
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IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt08629
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IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt00
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IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt08629
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IRS990PF/MethodOfAccountingCashInd0X
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IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt015431
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt015431
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt00
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt0231
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt0760
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt015200
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt015431
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt01.0
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Jamie Buck-Tomek
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Jeffrey D Haskell
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm2Erin Harrigan
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm3Tania Huete
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm4Erica Perez
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm5Daniel Schreck
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm6Page Snow
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm7Mary Ann Stover
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm8Jeannea Varrichio
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0Dir, Sec
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1VP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2VP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt3Dir, Pres, Sec
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt4Dir, VP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt5Dir, Treas
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt6Dir
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt7Dir
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt8Dir
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt3Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt4Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt5Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt6Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt7Foundation Source 501 Silverside Rd
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt8Foundation Source 501 Silverside Rd
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm4Wilmington
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm6Wilmington
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm7Wilmington
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm8Wilmington
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IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd0false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd0false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd0false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt11S Jeffries
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt12W Alston
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0114 Division St
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1300 North Bishop Ave
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt2PO BOX 9057
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt31610 HARRISON ST STE C
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt4412 Summerfield Ave 310
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt5105 Lakeview Ave
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt6670 CLINTON AVE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt7300 N BISHOP AVE BLDG 94 UNIT 16
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt8684 Bishop Ave
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt9575 Burnsford Ave
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1064 Rosedale St C2
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt11471 Bird St 106
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt121586 Iranistan Ave
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt055 Walls Drive 3rd Floor
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LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending March 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $18,136. This amount represents 25% or more of the Foundation's net assets of $8,629 (as measured by fair market value) at the beginning of the Foundation's taxable year ending March 31, 2021. Although the Foundation technically experienced a substantial contraction, IT WILL CONTINUE IN EXISTENCE and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0CAPITAL FOR CHANGE - PRI
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OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt02500
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0PROCESSING FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt02500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt02500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Interest Income from Notes
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt063
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt063
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL SCHRECK

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