Civic Intelligence

The Michael H Ludwig Memorial

EIN 26-1515562 • 501(c)3 • Mamaroneck, NY

Profile

Provide funding for medical research related to congenital heart conditions in children

One Well House CloseMamaroneck, NY 10543

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-5782%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

45th percentile

-5.0%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-77%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$362,523

Down $14,395 (-3.8%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$362,523

Down $14,395 (-3.8%) from 2020

Operations
Liabilities / Revenue61st percentileNet Margin1st percentile

Revenue

Up

$605

Up $265 (+78%) from 2020

Expenses

Down

$15,000

Down $5,000 (-25%) from 2020

Net Income

Up

-$14,395

Up $5,265 (+27%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth45th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $420,134Liabilities 2010: $0Net Assets 2010: $420,1342010Assets 2011: $429,233Liabilities 2011: $0Net Assets 2011: $429,2332011Assets 2012: $428,887Liabilities 2012: $0Net Assets 2012: $428,8872012Assets 2013: $438,014Liabilities 2013: $5,000Net Assets 2013: $433,0142013Assets 2014: $439,471Liabilities 2014: $0Net Assets 2014: $439,4712014Assets 2015: $429,591Liabilities 2015: $0Net Assets 2015: $429,5912015Assets 2016: $415,370Liabilities 2016: $0Net Assets 2016: $415,3702016Assets 2017: $416,833Liabilities 2017: $0Net Assets 2017: $416,8332017Assets 2018: $406,625Liabilities 2018: $0Net Assets 2018: $406,6252018Assets 2019: $396,578Liabilities 2019: $0Net Assets 2019: $396,5782019Assets 2020: $376,918Liabilities 2020: $0Net Assets 2020: $376,9182020Assets 2021: $362,523Liabilities 2021: $0Net Assets 2021: $362,5232021

Highlighted filing

2021

Assets$362,523
Liabilities$0
Net Assets$362,523
Open 2021 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2010: $26,824Expenses 2010: $47Net Income 2010: $26,7772010Revenue 2011: $37,853Expenses 2011: $28,754Net Income 2011: $9,0992011Revenue 2012: $52,509Expenses 2012: $52,855Net Income 2012: -$3462012Revenue 2013: $9,160Expenses 2013: $5,033Net Income 2013: $4,1272013Revenue 2014: $16,460Expenses 2014: $10,003Net Income 2014: $6,4572014Revenue 2015: $10,157Expenses 2015: $20,037Net Income 2015: -$9,8802015Revenue 2016: $10,779Expenses 2016: $25,000Net Income 2016: -$14,2212016Revenue 2017: $12,963Expenses 2017: $11,500Net Income 2017: $1,4632017Revenue 2018: $1,352Expenses 2018: $11,560Net Income 2018: -$10,2082018Revenue 2019: $1,453Expenses 2019: $11,500Net Income 2019: -$10,0472019Revenue 2020: $340Expenses 2020: $20,000Net Income 2020: -$19,6602020Revenue 2021: $605Expenses 2021: $15,000Net Income 2021: -$14,3952021

Highlighted filing

2021

Revenue$605
Expenses$15,000
Net Income-$14,395
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$362,523
Liabilities
$0
Net assets
$362,523
Revenue
$605
Expenses
$15,000
Net income
-$14,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$3.63$0.00$3.63$0.01$0.15$0.14
2020Detailed filing. Detailed filing data is available for this year.$3.77$0.00$3.77$0.00$0.20$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.97$0.00$3.97$0.01$0.12$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.07$0.00$4.07$0.01$0.12$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.17$0.13$0.12$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.15$0.00$4.15$0.11$0.25$0.14
2015Detailed filing. Detailed filing data is available for this year.$4.30$0.00$4.30$0.10$0.20$0.10
2014Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$0.16$0.10$0.06
2013Detailed filing. Detailed filing data is available for this year.$4.38$0.05$4.33$0.09$0.05$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.00$4.29$0.53$0.53$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.00$4.29$0.38$0.29$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.20$0.00$4.20$0.27$0.00$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$605
Mission and Program Overview

Mission

Provide funding for medical research related to congenital heart conditions in children

Program Services

DescriptionGrantsExpenses
PROVIDE FUNDING FOR RESEARCH EQUIPMENTRELATED TO CONGENITAL HEART CONDITIONS IN CHILDREN$15,000$15,000
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA NELSON LUDWIGDirector, President & Secr-$0--
EDMUND V LUDWIG JRDirector, Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Michael H Ludwig Memorial
EIN
26-1515562
Phone
9147771886
Address
ONE WELL HOUSE CLOSE, MAMARONECK, NY 10543

Signing Officer

Name
Lisa Nelson Ludwig
Title
President
Phone
9147771886
Signed
2022-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Maxwell Shmerler & Co
Address
11 MARTINE AVENUE, WHITE PLAINS, NY 10606
Preparer
Ford Levy
Phone
9146810400
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: BANK INTEREST. Amount: 95.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: CLINICAL RESEARCH. Grantee Name: CONGENITAL HEARTS SURGEONS' SOCIETY. Grantee Address: 500 CUMMINGS CENTER DRIVE BEVERLY, MA 01915. Amount Given: 15000.”

Raw XML Appendix158 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MAMARONECK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR, PRESIDENT & SECR
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt015000
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IRS990EZ/TotalRevenueAmt0605
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IRS990ScheduleA/InvestmentIncomeCYPct00.14070
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: BANK INTEREST. Amount: 95.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: CLINICAL RESEARCH. Grantee Name: CONGENITAL HEARTS SURGEONS' SOCIETY. Grantee Address: 500 CUMMINGS CENTER DRIVE BEVERLY, MA 01915. Amount Given: 15000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LISA NELSON LUDWIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09147771886
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL H LUDWIG MEMORIAL
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ReturnHeader/PreparerPersonGrp/PhoneNum09146810400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ford Levy
ReturnHeader/ReturnTs02022-11-09T13:59:15-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NELSON LUDWIG
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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