Civic Intelligence

W20 Foundation

990 • Fiscal year 2020 • EIN 20-8982966

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

35 Blackberry LaneCenter Moriches, NY 11934

(866) 206-9168

Siviq Scores

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

Liabilities / Assets

96th percentile

0.72x

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

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

0.29x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Net Margin

45th percentile

-1.1%

Higher net margin than 45% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$29,167

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 43.3% of source-year revenue.

2020 filings • NTEE B82 • <$500k nonprofits • Source year 2020

Asset Growth

95th percentile

169%

Faster asset growth than 95% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-34%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • NTEE B82 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$27,179

Up $17,062 (+169%) from 2019

Net Assets

Down

$7,631

Down $708 (-8.5%) from 2019

Liabilities

Up

$19,548

Up $17,770 (+999%) from 2019

Revenue

Down

$67,284

Down $35,436 (-34%) from 2019

Expenses

Down

$67,992

Down $49,007 (-42%) from 2019

Net Income

Up

-$708

Up $13,571 (+95%) from 2019

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2010: $11,719Net Assets 2010: $11,7192010Assets 2011: -$1,921Liabilities 2011: $12,6442011Assets 2012: $5,888Liabilities 2012: $15,5142012Assets 2013: $6,674Liabilities 2013: $711Net Assets 2013: $5,9632013Assets 2014: $16,206Liabilities 2014: $711Net Assets 2014: $15,4952014Assets 2015: $685Liabilities 2015: $7,711Net Assets 2015: -$7,0262015Assets 2016: $5,316Liabilities 2016: $712Net Assets 2016: $4,6042016Assets 2017: $10,100Liabilities 2017: $1,169Net Assets 2017: $8,9312017Assets 2018: $23,330Liabilities 2018: $712Net Assets 2018: $22,6182018Assets 2019: $10,117Liabilities 2019: $1,778Net Assets 2019: $8,3392019Assets 2020: $27,179Liabilities 2020: $19,548Net Assets 2020: $7,6312020Assets 2021: $51,638Liabilities 2021: $16,255Net Assets 2021: $35,3832021Assets 2022: $17,498Liabilities 2022: $18,084Net Assets 2022: -$5862022Assets 2023: $4,976Liabilities 2023: $0Net Assets 2023: $4,9762023Assets 2024: $5,692Liabilities 2024: $0Net Assets 2024: $5,6922024

Highlighted filing

2020

Assets$27,179
Liabilities$19,548
Net Assets$7,631

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $20,579Expenses 2010: $11,572Net Income 2010: $9,0072010Revenue 2011: $67,579Expenses 2011: $93,863Net Income 2011: -$26,2842011Revenue 2012: $44,277Expenses 2012: $39,338Net Income 2012: $4,9392012Revenue 2013: $56,745Expenses 2013: $41,156Net Income 2013: $15,5892013Revenue 2014: $114,737Expenses 2014: $105,205Net Income 2014: $9,5322014Revenue 2015: $170,767Expenses 2015: $193,288Net Income 2015: -$22,5212015Revenue 2016: $100,346Expenses 2016: $88,716Net Income 2016: $11,6302016Revenue 2017: $79,847Expenses 2017: $75,520Net Income 2017: $4,3272017Revenue 2018: $106,431Expenses 2018: $92,744Net Income 2018: $13,6872018Revenue 2019: $102,720Expenses 2019: $116,999Net Income 2019: -$14,2792019Revenue 2020: $67,284Expenses 2020: $67,992Net Income 2020: -$7082020Revenue 2021: $188,144Expenses 2021: $160,392Net Income 2021: $27,7522021Revenue 2022: $139,816Expenses 2022: $175,785Net Income 2022: -$35,9692022Revenue 2023: $203,183Expenses 2023: $197,621Net Income 2023: $5,5622023Revenue 2024: $210,404Expenses 2024: $209,688Net Income 2024: $7162024

Highlighted filing

2020

Revenue$67,284
Expenses$67,992
Net Income-$708
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.1
Gross Receipts
$104,280
Mission and Program Overview

Mission

Fosters educational and intellectual advancement through a scholarship fund for deserving students. Promotes social responsibility through athlectics.

Fosters educational and intellectual advancement through a scholarship fund for deserving students. Promotes social responsibility through athletics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,780$25,782▲ $21,002
Loans From Officers Directors$712$19,548▲ $18,836
Intangible Assets$4,490$821▼ $3,669
Land, Buildings, and Equipment, Net$847$576▼ $271
Total Assets$10,117$27,179▲ $17,062
Liabilities
Other Liabilities$1,066$0▼ $1,066
Total Liabilities$1,778$19,548▲ $17,770
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,339$7,631▼ $708
Total Net Assets Fund Balance$8,339$7,631▼ $708
Total Liabilities and Net Assets / Fund Balance$10,117$27,179▲ $17,062

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$576$835-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Teresa Sellitti-webbVice PresidentFT$29,167$29,167

Board Members and Trustees

NameTitle
Stephen WebbPresident
Ralph SellittiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$67,256
Change in Net Assets
$-708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$31,503
Other Expenses$29,929
Grants and Similar Amounts Paid$6,560
Total Fundraising Expense$5,456
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$21,875$4,375$2,917$29,167
Information Technology-$6,002$1,723$7,725
Grants to Domestic Orgs$6,560--$6,560
Advertising$2,009$1,516$500$4,025
Depreciation Depletion-$3,941-$3,941
All Other Expenses-$2,882-$2,882
Fees for Services Accounting$2,875--$2,875
Payroll Taxes$1,752$350$234$2,336
Other Expenses-$1,532-$1,532
Travel--$82$82
Office Expenses-$16-$16
Total Functional Expenses$35,071$27,465$5,456$67,992
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$104,252
Fundraising Direct Expenses$36,996
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$104,252$104,252-$104,252
Total Events$104,252$104,252$36,996$67,256
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$712$19,548▲ $18,836
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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

Stephen webb, the president of the foundation, is married to teresa sellitti-webb, the vice president of the foundation. Ralph sellitti, the treasurer of the foundation, is the father-in-law and father to stephen webb, the president, and teresa sellitti-webb, the vice president, respectively.

Form 990, Part VI, Section B, Line 11B

W20 foundation's form 990 is provided to president, vice president and treasurer of the foundation for review and approval before the foundation completes the authorization for electronic filing.

Form 990, Part VI, Section C, Line 19

The w20 foundation's governing documents, conflict of interest policy and financial statements are available upon request from the general public.

Filing and Contact Details

Filer

Filer Name
W20 Foundation
EIN
20-8982966
Phone
8662069168
Address
35 BLACKBERRY LANE, CENTER MORICHES, NY 11934

Signing Officer

Name
Stephen Webb
Title
President
Phone
8662069168
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Webb
Formed
2007
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
WOLFSON BERBENICH & COMPANY CPA'S LLP
Address
200 OLD COUNTRY RD SUITE 340, MINEOLA, NY 11501
Preparer
David J Wolfson
Phone
5164981040
Raw XML Appendix370 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/ActivityOrMissionDesc0FOSTERS EDUCATIONAL AND INTELLECTUAL ADVANCEMENT THROUGH A SCHOLARSHIP FUND FOR DESERVING STUDENTS. PROMOTES SOCIAL RESPONSIBILITY THROUGH ATHLETICS.
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IRS990/Desc0IN THE 2019-2020 SCHOOL YEAR, THE W20 FOUNDATION'S TEAM UP 4 COMMUNITY PROGRAM, WHICH FOSTERS SOCIAL RESPONSIBILITY IN OUR YOUTH ATHLETES, RESULTED IN 100,881 HOURS OF COMMUNITY SERVICE PERFORMED BY OVER 34,497 LONG ISLAND YOUTH ATHLETES. THE ATHLETES WERE INVOLVED IN 561 COMMUNITY SERVICE PROJECTS. THE ESITMATED VALUE OF THEIR TIME CONTRIBUTED AND GIVEN BACK TO THE COMMUNITIES IS $851,549.
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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IF YOU ARE OVER 18 YEARS OF AGE AND ATTENDING A COLLEGE OR UNIVERSITY ON A SCHOLARSHIP, AND YOU ARE A WINNER IN A W20 FOUNDATION'S COMMUNITY SERVICE CHALLENGE, YOUR WINNING SCHOLARSHIP OR GRANT MUST BE APPLIED TO A NON-PROFIT 501(C)(3) OF YOUR CHOICE. ALL OTHER INDIVIDUAL STUDENT ATHLETES NOT ATTENDING COLLEGE OR UNIVERSITY ON A SCHOLARSHIP MAY APPLY THEIR WINNINGS TOWARDS THEIR EDUCATION OR TO A NON-PROFIT 501(C)(3) OF THEIR CHOICE. ORGANIZATIONS AND TEAMS WILL APPLY THE GRANT TO THEIR SCHOOL, TEAM OR SPORTS BUDGET, DIVIDED AMONGST THE STUDENT ATHLETES EQUALLY FOR THEIR EDUCATION OR TO A NON-PROFIT 501(C)(3) OF THEIR CHOICE. WINNINGS USED AS AN EDUCATIONAL SCHOLARSHIP WILL BE WRITTEN AND DISTRIBUTED DIRECTLY TO THE BURSAR'S OFFICE OF THE ATHLETES' EDUCATIONAL FACILITY. WINNINGS USED FOR AN ATHLETES', TEAM'S OR ORGANIZATION'S 501(C)(3) OF THEIR CHOICE WILL BE WRITTEN AND DISTRIBUTED DIRECTLY TO THE SELECTED NON-PROFIT 501(C)(3), WINNINGS APPLIED TO AN ORGANIZATION'S, TEAM'S, SCHOOL'S OR ATHLETIC BUDGET WILL APPLY THE GRANT DIRECTLY TO THE TREASURY DEPARTMENT OF THE ORGANIZATION THAT SUPPORTS, FOSTERS AND HANDLES THE ATHLETES' EDUCATIONAL PROGRAM.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO MEET EXPENSES OF THE FOUNDATION.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0STEPHEN WEBB
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt019548
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEPHEN WEBB, THE PRESIDENT OF THE FOUNDATION, IS MARRIED TO TERESA SELLITTI-WEBB, THE VICE PRESIDENT OF THE FOUNDATION. RALPH SELLITTI, THE TREASURER OF THE FOUNDATION, IS THE FATHER-IN-LAW AND FATHER TO STEPHEN WEBB, THE PRESIDENT, AND TERESA SELLITTI-WEBB, THE VICE PRESIDENT, RESPECTIVELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1W20 FOUNDATION'S FORM 990 IS PROVIDED TO PRESIDENT, VICE PRESIDENT AND TREASURER OF THE FOUNDATION FOR REVIEW AND APPROVAL BEFORE THE FOUNDATION COMPLETES THE AUTHORIZATION FOR ELECTRONIC FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE W20 FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FROM THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010117
IRS990/TotalAssetsEOYAmt027179
IRS990/TotalAssetsGrp/BOYAmt010117
IRS990/TotalAssetsGrp/EOYAmt027179
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05456
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027465
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt035071
IRS990/TotalFunctionalExpensesGrp/TotalAmt067992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01778
IRS990/TotalLiabilitiesEOYAmt019548
IRS990/TotalLiabilitiesGrp/BOYAmt01778
IRS990/TotalLiabilitiesGrp/EOYAmt019548
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08339
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07631
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt035071
IRS990/TotalReportableCompFromOrgAmt029167
IRS990/TotalRevenueGrp/ExclusionAmt067256
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt067284
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027179
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt082
IRS990/TravelGrp/TotalAmt082
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CENTER MORICHES
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011934
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.TEAMUP4COMMUNITY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHEN WEBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08662069168
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0W20 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0W20F
ReturnHeader/Filer/EIN0208982966
ReturnHeader/Filer/PhoneNum08662069168
ReturnHeader/Filer/USAddress/AddressLine1Txt035 BLACKBERRY LANE
ReturnHeader/Filer/USAddress/CityNm0CENTER MORICHES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011934
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472285004
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WOLFSON BERBENICH & COMPANY CPA'S LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 OLD COUNTRY RD SUITE 340
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINEOLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011501
ReturnHeader/PreparerPersonGrp/PhoneNum05164981040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J WOLFSON
ReturnHeader/ReturnTs02021-05-14T17:23:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WEBB
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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.$0.06$0.00$0.06$2.10$2.10$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$2.03$1.98$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.18$0.01$1.40$1.76$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.16$0.35$1.88$1.60$0.28
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.20$0.08$0.67$0.68$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.02$0.08$1.03$1.17$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.23$1.06$0.93$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.80$0.76$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.05$1.00$0.89$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.08$0.07$1.71$1.93$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.15$1.15$1.05$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.57$0.41$0.16
2012Summary only. Only limited summary data is available for this year.$0.06$0.16$0.44$0.39$0.05
2011Summary only. Only limited summary data is available for this year.$0.02$0.13$0.68$0.94$0.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.12$0.21$0.12$0.09