Civic Intelligence

The Sansone Foundation Inc

990 • Fiscal year 2018 • EIN 23-7082544

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

5816 13th AVEBrooklyn, NY 11219

(718) 436-7270

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.01x

Higher debt load relative to assets than 52% of similar nonprofits.

2018 filings • NTEE F • <$500k nonprofits • Source year 2018

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2018 filings • NTEE F • <$500k nonprofits • Source year 2018

Net Margin

26th percentile

-9.2%

Higher net margin than 26% of similar nonprofits.

2018 filings • NTEE F • <$500k nonprofits • Source year 2018

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

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

2018 filings • NTEE F • <$500k nonprofits • Source year 2018

Asset Growth

35th percentile

-5.1%

Faster asset growth than 35% of similar nonprofits.

2018 filings • NTEE F • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-63%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • NTEE F • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$357,499

Down $19,023 (-5.1%) from 2017

Net Assets

Down

$355,685

Down $13,044 (-3.5%) from 2017

Liabilities

Down

$1,814

Down $5,979 (-77%) from 2017

Revenue

Down

$141,269

Down $241,171 (-63%) from 2017

Expenses

Down

$154,313

Down $141,155 (-48%) from 2017

Net Income

Down

-$13,044

Down $100,016 (-115%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $424,427Liabilities 2010: $2,093Net Assets 2010: $422,3342010Assets 2011: $407,119Liabilities 2011: $2,328Net Assets 2011: $404,7912011Assets 2012: $345,724Liabilities 2012: $6,278Net Assets 2012: $339,4462012Assets 2013: $317,711Liabilities 2013: $48,110Net Assets 2013: $269,6012013Assets 2014: $160,913Liabilities 2014: $29,673Net Assets 2014: $131,2402014Assets 2016: $310,562Liabilities 2016: $28,805Net Assets 2016: $281,7572016Assets 2017: $376,522Liabilities 2017: $7,793Net Assets 2017: $368,7292017Assets 2018: $357,499Liabilities 2018: $1,814Net Assets 2018: $355,6852018Assets 2019: $365,752Liabilities 2019: $53,750Net Assets 2019: $312,0022019Assets 2020: $330,193Liabilities 2020: $52,250Net Assets 2020: $277,9432020Assets 2021: $303,103Liabilities 2021: $54,500Net Assets 2021: $248,6032021Assets 2022: $264,414Liabilities 2022: $52,250Net Assets 2022: $212,1642022Assets 2023: $531,535Liabilities 2023: $5,500Net Assets 2023: $526,0352023Assets 2024: $426,352Liabilities 2024: $4,000Net Assets 2024: $422,3522024

Highlighted filing

2018

Assets$357,499
Liabilities$1,814
Net Assets$355,685

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $137,0772010Expenses 2011: $149,5442011Expenses 2012: $124,6382012Revenue 2013: $120,593Expenses 2013: $190,438Net Income 2013: -$69,8452013Revenue 2014: $88,159Expenses 2014: $226,520Net Income 2014: -$138,3612014Revenue 2016: $354,291Expenses 2016: $310,843Net Income 2016: $43,4482016Revenue 2017: $382,440Expenses 2017: $295,468Net Income 2017: $86,9722017Revenue 2018: $141,269Expenses 2018: $154,313Net Income 2018: -$13,0442018Revenue 2019: $2,187Expenses 2019: $45,870Net Income 2019: -$43,6832019Revenue 2020: $72Expenses 2020: $34,131Net Income 2020: -$34,0592020Revenue 2021: $121Expenses 2021: $29,461Net Income 2021: -$29,3402021Revenue 2022: $10Expenses 2022: $36,449Net Income 2022: -$36,4392022Revenue 2023: $979,471Expenses 2023: $665,600Net Income 2023: $313,8712023Revenue 2024: $17,565Expenses 2024: $121,248Net Income 2024: -$103,6832024

Highlighted filing

2018

Revenue$141,269
Expenses$154,313
Net Income-$13,044
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$141,269
Mission and Program Overview

Mission

To develop a loving, caring and

To develop a loving, caring and inclusive environment where children can learn to embrace diversity, develop skills to regulate their emotions and excel scholastically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$257,881$244,358▼ $13,523
Cash and Non-Interest-Bearing Accounts$118,641$113,141▼ $5,500
Total Assets$376,522$357,499▼ $19,023
Liabilities
Accounts Payable and Accrued Expenses$3,000$1,800▼ $1,200
Other Liabilities$4,793$14▼ $4,779
Total Liabilities$7,793$1,814▼ $5,979
Net Assets / Fund Balance
Unrestricted Net Assets$368,729$355,685▼ $13,044
Total Net Assets Fund Balance$368,729$355,685▼ $13,044
Total Liabilities and Net Assets / Fund Balance$376,522$357,499▼ $19,023

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$240,622$27,833$268,455
Other Land Buildings$3,270$20,287$23,557
Equipment$466$2,231$2,697
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carmine GibaldiPresident
Celia IervasiVice-president
Carmela SansoneActing Executive Director
Anthony AnnucciMember
Gene Paul PacelliMember
Louis CosentinoMember
Salvatore AspromonteMember
Amy BoginSecretary
Zachary W SansoneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$141,160
Program Service Revenue
$0
Investment Income
$109
Other Revenue
$0
All Other Contributions
$22,603
Change in Net Assets
$-13,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,596
Salaries, Compensation, and Employee Benefits$76,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$61,551$7,212$0$68,763
All Other Expenses$18,522$9,652$0$28,174
Depreciation Depletion$12,872$651$0$13,523
Insurance$9,780$1,650$0$11,430
Payroll Taxes$0$7,954$0$7,954
Office Expenses$894$1,464$0$2,358
Fees for Services Accounting$735$1,200$0$1,935
Fees for Services Legal$0$825$0$825
Other Expenses$0$135$0$135
Total Functional Expenses$123,570$30,743$0$154,313
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liability$14
Loan - Ralph Sansone Foundation$0
Daycare Payroll Liability$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Sansone Foundation Inc
EIN
23-7082544
Phone
7184367270
Address
5816 13th AVE, BROOKLYN, NY 11219
Doing Business As
Seeds of Unity Daycare Center

Signing Officer

Name
Carmine Gibaldi
Title
President
Phone
7184367270
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carmine Gibaldi
Formed
1976
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
0

Preparer

Firm
CYBS Accountants & Tax Specialists LLC
Address
294 W MERRICK ROAD STE 12, FREEPORT, NY 11746
Preparer
Marc Rigueur
Phone
5163783355
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Copy of form 990 is provided to organization day before e-filing

Pt VI, Line 12C

Record of meetings is kept

Form 990, Part IX, Line 24E

Repairs & maintenance 5224. 3195. 2029. 0.

Form 990, Part IX, Line 24E

POSTAGE 323. 0. 323. 0.

Form 990, Part IX, Line 24E

Computer expense 1567. 0. 1567. 0.

Form 990, Part IX, Line 24E

BANK FEES 90. 30. 60. 0.

Form 990, Part IX, Line 24E

Credit card fees 1080. 0. 1080. 0.

Form 990, Part IX, Line 24E

Telephone 2145. 1542. 603. 0.

Form 990, Part IX, Line 24E

Equipment lease 785. 0. 785. 0.

Form 990, Part IX, Line 24E

Filing fee 150. 0. 150. 0.

Form 990, Part IX, Line 24E

Food & snacks 11311. 11311. 0. 0.

Form 990, Part IX, Line 24E

Gifts & flowers 136. 0. 136. 0.

Form 990, Part IX, Line 24E

Utilities 5363. 2444. 2919. 0.

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0141160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0365346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0324677
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0343268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt063322
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01237773
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0109
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0698
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0117
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01016
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt0109
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt062
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt0698
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt030
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt0117
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt01016
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt01237773
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0141160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0365346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0324677
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0343268
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt063322
IRS990ScheduleA/Total509Grp/TotalAmt01237773
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01238789
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02697
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0240622
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt027833
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0268455
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03270
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020287
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN - RALPH SANSONE FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DAYCARE PAYROLL LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0244358
IRS990ScheduleD/TotalLiabilityAmt014
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF FORM 990 IS PROVIDED TO ORGANIZATION DAY BEFORE E-FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECORD OF MEETINGS IS KEPT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REPAIRS & MAINTENANCE 5224. 3195. 2029. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTAGE 323. 0. 323. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPUTER EXPENSE 1567. 0. 1567. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK FEES 90. 30. 60. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CREDIT CARD FEES 1080. 0. 1080. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TELEPHONE 2145. 1542. 603. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EQUIPMENT LEASE 785. 0. 785. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FILING FEE 150. 0. 150. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FOOD & SNACKS 11311. 11311. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11GIFTS & FLOWERS 136. 0. 136. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UTILITIES 5363. 2444. 2919. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0376522
IRS990/TotalAssetsEOYAmt0357499
IRS990/TotalAssetsGrp/BOYAmt0376522
IRS990/TotalAssetsGrp/EOYAmt0357499
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0141160
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030743
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123570
IRS990/TotalFunctionalExpensesGrp/TotalAmt0154313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07793
IRS990/TotalLiabilitiesEOYAmt01814
IRS990/TotalLiabilitiesGrp/BOYAmt07793
IRS990/TotalLiabilitiesGrp/EOYAmt01814
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0368729
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0355685
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0123570
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0109
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0141269
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0376522
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0357499

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.04$4.22$0.18$1.21$1.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.32$0.06$5.26$9.79$6.66$3.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.64$0.52$2.12$0.00$0.36$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.03$0.55$2.49$0.00$0.29$0.29
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.52$2.78$0.00$0.34$0.34
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.54$3.12$0.02$0.46$0.44
2018Detailed filing. Detailed filing data is available for this year.$3.57$0.02$3.56$1.41$1.54$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$0.08$3.69$3.82$2.95$0.87
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.11$0.29$2.82$3.54$3.11$0.43
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.30$1.31$0.88$2.27$1.38
2013Detailed filing. Detailed filing data is available for this year.$3.18$0.48$2.70$1.21$1.90$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.06$3.39$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.02$4.05$1.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.24$0.02$4.22$1.37