The 124 Foundation Inc

990PF • Fiscal year 2023 • EIN 20-1916971

Jan 01, 2023 to Dec 31, 2023 • Filed on May 08, 2024

Organization Profile

1053 East 28th StreetBrooklyn, NY 11210

(212) 221-1140

Siviq Scores

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

0.00x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • NTEE T20 • <$500k nonprofits • Source year 2023

0.00x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE T20 • <$500k nonprofits • Source year 2023

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • NTEE T20 • <$500k nonprofits • Source year 2023

Higher top officer pay than 92% of similar nonprofits.

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

2023 filings • NTEE T20 • <$500k nonprofits • Source year 2023

29%

Faster asset growth than 86% of similar nonprofits.

2023 filings • NTEE T20 • <$500k nonprofits • Annualized from 2022 to 2023

44%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • NTEE T20 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet

Liabilities / Assets86th percentile

Assets

$81,512

Up $18,179 (+29%) from 2022

Net Assets

$81,262

Up $17,929 (+28%) from 2022

Liabilities

$250

Up $250 from 2022

Revenue And Expenses

Liabilities / Revenue83rd percentile Net Margin64th percentile

Revenue

$144,301

Up $44,256 (+44%) from 2022

Expenses

Down

$126,372

Down $21,975 (-15%) from 2022

Net Income

$17,929

Up $66,231 (+137%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

Highlighted filing

2023

Assets$81,512

Liabilities$250

Net Assets$81,262

Open 2023 Filing

Operations Trend

Revenue Growth72nd percentile

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

Highlighted filing

2023

Revenue$144,301

Expenses$126,372

Net Income$17,929

Open 2023 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2023 to Dec 31, 2023
Signed: May 8, 2024
Return Version: 2023v5.0

Compensation and Service Providers

Top Officer Pay92nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
BENJAMIN BERGER	Director	-	$0	-	-
ESTHER BERGER	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: The 124 Foundation Inc
EIN: 20-1916971
Phone: 2122211140
Address: 1053 EAST 28TH STREET, BROOKLYN, NY 11210

Signing Officer

Name: Benjamin Berger
Title: Director
Signed: 2024-05-08
Discuss with paid preparer: Yes

Preparer

Firm: Bernath & Rosenberg PC
Address: 126 Spruce Street, Cedarhurst, NY 11516
Preparer: Benjamin Berger
Phone: 2122211140

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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Cedarhurst
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ReturnHeader/PreparerPersonGrp/PhoneNum	0	2122211140
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Benjamin Berger
ReturnHeader/ReturnTs	0	2024-05-08T12:36:23-07:00
ReturnHeader/ReturnTypeCd	0	990PF
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	BERGER
ReturnHeader/TaxPeriodBeginDt	0	2023-01-01
ReturnHeader/TaxPeriodEndDt	0	2023-12-31
ReturnHeader/TaxYr	0	2023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $81,512
Liabilities: $250
Net assets: $81,262
Revenue: $144,301
Expenses: $126,372
Net income: $17,929

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$1.45	$0.00	$1.45	$2.29	$1.65	$0.63
2023Detailed filing. Detailed filing data is available for this year.	$0.82	$0.00	$0.81	$1.44	$1.26	$0.18
2022Detailed filing. Detailed filing data is available for this year.	$0.63	$0.00	$0.63	$1.00	$1.48	$0.48
2021Detailed filing. Detailed filing data is available for this year.	$1.12	$0.00	$1.12	$1.31	$0.97	$0.34
2020Detailed filing. Detailed filing data is available for this year.	$0.78	$0.00	$0.78	$0.80	$0.69	$0.11
2019Detailed filing. Detailed filing data is available for this year.	$0.67	$0.00	$0.67	$0.60	$0.92	$0.32
2018Detailed filing. Detailed filing data is available for this year.	$0.98	$0.00	$0.98	$0.53	$0.55	$0.02
2017Detailed filing. Detailed filing data is available for this year.	$1.00	$0.00	$1.00	$0.50	$0.50	$0.00
2016Detailed filing. Detailed filing data is available for this year.	$1.00	$0.00	$1.00	$0.45	$0.65	$0.20
2015Detailed filing. Detailed filing data is available for this year.	$1.20	$0.00	$1.20	$0.31	$0.43	$0.12
2014Detailed filing. Detailed filing data is available for this year.	$1.32	$0.00	$1.32	$0.41	$0.33	$0.08
2013Detailed filing. Detailed filing data is available for this year.	$1.24	$0.00	$1.24	$0.41	$0.37	$0.04
2012Summary only. Only limited summary data is available for this year.	$1.21	$0.00		$0.31	$0.23	$0.08
2011Summary only. Only limited summary data is available for this year.	$1.12	$0.00		$0.22	$0.25	$0.03