Civic Intelligence

Richard Desich Foundation

990PF • Fiscal year 2015 • EIN 26-4308958

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 14, 2016

Organization Profile
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

28th percentile

0.00x

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

2015 filings • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.00x

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

2015 filings • $1M-$5M nonprofits • Source year 2015

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$0

Higher top officer pay than 41% of similar nonprofits.

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

2015 filings • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

53%

Faster asset growth than 93% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

97th percentile

311%

Faster revenue growth than 97% of similar nonprofits.

2015 filings • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,443,356

Up $841,393 (+53%) from 2014

Net Assets

Up

$2,443,356

Up $841,393 (+53%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin86th percentile

Revenue

Up

$2,091,762

Up $1,582,306 (+311%) from 2014

Expenses

Up

$1,250,369

Up $359,156 (+40%) from 2014

Net Income

Up

$841,393

Up $1,223,150 (+320%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$10M$5.0M$0Assets 2010: $1,003,955Liabilities 2010: $0Net Assets 2010: $1,003,9552010Assets 2011: $1,468,056Liabilities 2011: $0Net Assets 2011: $1,468,0562011Assets 2012: $1,745,358Liabilities 2012: $0Net Assets 2012: $1,745,3582012Assets 2013: $1,983,720Liabilities 2013: $0Net Assets 2013: $1,983,7202013Assets 2014: $1,601,963Liabilities 2014: $0Net Assets 2014: $1,601,9632014Assets 2015: $2,443,356Liabilities 2015: $0Net Assets 2015: $2,443,3562015Assets 2016: $2,715,058Liabilities 2016: $0Net Assets 2016: $2,715,0582016Assets 2017: $2,846,143Liabilities 2017: $0Net Assets 2017: $2,846,1432017Assets 2018: $2,293,506Liabilities 2018: $0Net Assets 2018: $2,293,5062018Assets 2019: $3,041,660Liabilities 2019: $0Net Assets 2019: $3,041,6602019Assets 2020: $3,271,493Liabilities 2020: $0Net Assets 2020: $3,271,4932020Assets 2021: $3,475,387Liabilities 2021: $0Net Assets 2021: $3,475,3872021Assets 2022: $3,607,266Liabilities 2022: $0Net Assets 2022: $3,607,2662022Assets 2023: $8,678,972Liabilities 2023: $0Net Assets 2023: $8,678,9722023Assets 2024: $8,252,598Liabilities 2024: $29,642Net Assets 2024: $8,222,9562024

Highlighted filing

2015

Assets$2,443,356
Liabilities$0
Net Assets$2,443,356
Open 2015 Filing

Operations Trend

Revenue Growth97th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $599,4922010Expenses 2011: $718,0452011Expenses 2012: $930,8282012Revenue 2013: $1,174,980Expenses 2013: $936,618Net Income 2013: $238,3622013Revenue 2014: $509,456Expenses 2014: $891,213Net Income 2014: -$381,7572014Revenue 2015: $2,091,762Expenses 2015: $1,250,369Net Income 2015: $841,3932015Revenue 2016: $1,283,270Expenses 2016: $1,011,568Net Income 2016: $271,7022016Revenue 2017: $1,234,987Expenses 2017: $1,103,902Net Income 2017: $131,0852017Revenue 2018: $550,270Expenses 2018: $1,102,907Net Income 2018: -$552,6372018Revenue 2019: $1,910,172Expenses 2019: $1,162,018Net Income 2019: $748,1542019Revenue 2020: $1,225,053Expenses 2020: $995,220Net Income 2020: $229,8332020Revenue 2021: $1,695,020Expenses 2021: $1,491,126Net Income 2021: $203,8942021Revenue 2022: $674,998Expenses 2022: $543,119Net Income 2022: $131,8792022Revenue 2023: $5,774,789Expenses 2023: $703,083Net Income 2023: $5,071,7062023Revenue 2024: $281,142Expenses 2024: $737,158Net Income 2024: -$456,0162024

Highlighted filing

2015

Revenue$2,091,762
Expenses$1,250,369
Net Income$841,393
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 14, 2016
Return Version
2015v2.1
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard DesichPres / Director / Sec-$0--
Filing and Contact Details

Filer

Filer Name
Richard Desich Foundation
EIN
26-4308958
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Richard Desich
Title
President
Phone
8008391754
Signed
2016-09-14
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 Appendix262 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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IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Desich Richard
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt012110 Sunnydale Dr
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Wellington
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0FL
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd033414
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt02091614
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LiquidationExplanationStmt/ExplanationTxt0This 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 December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $741,800. This amount represents over 25% of the Foundation's net assets of $1,330,103 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. 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.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Life Insurance Premium
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1503544
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt225
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD DESICH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Richard Desich Foundation
ReturnHeader/Filer/BusinessNameControlTxt0RICH
ReturnHeader/Filer/EIN0264308958
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02016-09-29T15:10:52-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,443,356
Liabilities
$0
Net assets
$2,443,356
Revenue
$2,091,762
Expenses
$1,250,369
Net income
$841,393
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.25$0.03$8.22$0.28$0.74$0.46
2023Detailed filing. Detailed filing data is available for this year.$8.68$0.00$8.68$5.77$0.70$5.07
2022Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$0.67$0.54$0.13
2021Detailed filing. Detailed filing data is available for this year.$3.48$0.00$3.48$1.70$1.49$0.20
2020Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.27$1.23$1.00$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$1.91$1.16$0.75
2018Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$0.55$1.10$0.55
2017Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$1.23$1.10$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$1.28$1.01$0.27
2015Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$2.09$1.25$0.84
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.51$0.89$0.38
2013Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$1.17$0.94$0.24
2012Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.93
2011Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.72
2010Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.60