Civic Intelligence

Fundamentals First Academy Inc.

990EZ • Fiscal year 2019 • EIN 27-0299948

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 18, 2020

916 Wildwood AvenueDaly City, CA 94015

(415) 260-9304

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

11th percentile

-33%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-53%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$35,796

Down $40,375 (-53%) from 2018

Net Assets

Down

$35,796

Down $40,375 (-53%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$121,780

Down $18,343 (-13%) from 2018

Expenses

Up

$162,155

Up $2,571 (+1.6%) from 2018

Net Income

Down

-$40,375

Down $20,914 (-107%) from 2018

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $40,750Liabilities 2012: $2,418Net Assets 2012: $38,3322012Assets 2013: $85,865Liabilities 2013: $75Net Assets 2013: $85,7902013Assets 2014: $94,705Liabilities 2014: $75Net Assets 2014: $94,6302014Assets 2016: $87,455Liabilities 2016: $0Net Assets 2016: $87,4552016Assets 2017: $95,632Liabilities 2017: $0Net Assets 2017: $95,6322017Assets 2018: $76,171Liabilities 2018: $0Net Assets 2018: $76,1712018Assets 2019: $35,796Liabilities 2019: $0Net Assets 2019: $35,7962019Assets 2020: $15,515Liabilities 2020: $0Net Assets 2020: $15,5152020Assets 2021: $74,603Liabilities 2021: $0Net Assets 2021: $74,6032021Assets 2022: $153,979Liabilities 2022: $0Net Assets 2022: $153,9792022Assets 2023: $178,301Liabilities 2023: $0Net Assets 2023: $178,3012023Assets 2024: $360,822Liabilities 2024: $87,559Net Assets 2024: $273,2632024Assets 2025: $406,821Liabilities 2025: $0Net Assets 2025: $406,8212025

Highlighted filing

2019

Assets$35,796
Liabilities$0
Net Assets$35,796

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $58,246Expenses 2012: $74,934Net Income 2012: -$16,6882012Revenue 2013: $117,179Expenses 2013: $69,721Net Income 2013: $47,4582013Revenue 2014: $75,593Expenses 2014: $66,753Net Income 2014: $8,8402014Revenue 2016: $99,009Expenses 2016: $113,152Net Income 2016: -$14,1432016Revenue 2017: $120,631Expenses 2017: $112,454Net Income 2017: $8,1772017Revenue 2018: $140,123Expenses 2018: $159,584Net Income 2018: -$19,4612018Revenue 2019: $121,780Expenses 2019: $162,155Net Income 2019: -$40,3752019Revenue 2020: $83,609Expenses 2020: $103,890Net Income 2020: -$20,2812020Revenue 2021: $146,507Expenses 2021: $87,419Net Income 2021: $59,0882021Revenue 2022: $182,016Expenses 2022: $102,640Net Income 2022: $79,3762022Revenue 2023: $151,764Expenses 2023: $127,442Net Income 2023: $24,3222023Revenue 2024: $297,422Expenses 2024: $202,460Net Income 2024: $94,9622024Revenue 2025: $349,448Expenses 2025: $299,675Net Income 2025: $49,7732025

Highlighted filing

2019

Revenue$121,780
Expenses$162,155
Net Income-$40,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 18, 2020
Return Version
2019v5.0
Gross Receipts
$121,780
Mission and Program Overview

Mission

Provide skills camp for basketball fundamentals from kindergarten through 8th grades.

To provide basketball skill development to youth and provide opportunities for youth to compete in programs they would normally not be financially capable of attending.

Program Services

DescriptionGrantsExpenses
HOSTED A FREE CLINIC FOR BOYS AGES 11-14 WITH MANY FROM LOW INCOME NEIGHBORHOODS IN ATTENDANCE$0$0
RECEIVED A COMMITTMENT FOR OUR MAJOR DONOR THIS FISCAL YEAR$0$0
ESTABLISHED A TENTATIVE AGREEMENT WITH A LOCAL PRIVATE HIGH SCHOOL TO UTILIZE THEIR ATHLETIC AND CLASSROOM FACILITIES TO FURTHER OUR PROGRAMS. MAY POSSIBLY HAVE THEIR HONOR STUDENTS ACT AS TUTORS FOR THE YOUNGER CHILDREN WHO PARTICIPATE IN OUR TEAMS WHEN THEY ARE FORMED.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VIGGEN RASSAMPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Fundamentals First Academy Inc
EIN
27-0299948
Phone
4152609304
Address
916 WILDWOOD AVENUE, DALY CITY, CA 94015

Signing Officer

Name
Viggen Rassam
Title
President
Phone
4152609304
Signed
2020-03-18
Discuss with paid preparer
Yes

Preparer

Firm
Crisafi Pryor & Farquhar Inc
Address
1650 BOREL PLACE SUITE 120, SAN MATEO, CA 94402
Preparer
Michael Pryor CPA
Phone
6506972727
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: automobile. Amount: 79,019. Description: clothing. Amount: 1,609. Description: office supplies. Amount: 75. Description: outside services. Amount: 20,993. Description: postage. Amount: 24. Description: promotional. Amount: 400. Description: repairs. Amount: 1,125. Description: salary. Amount: 28,629. Description: supplies. Amount: 9,372. Description: taxes. Amount: 9,776. Description: travel & meals. Amount: 1,120. Description: scholarship. Amount: 915. Description: equipment. Amount: 2,478. Description: donated items. Amount: 1,499. Description: other expense. Amount: 100. Total to form 990-ez, line 16: 157,134.

Raw XML Appendix118 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0VIGGEN RASSAM
IRS990EZ/BooksInCareOfDetail/PhoneNum04152609304
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0916 WILDWOOD AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DALY CITY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd094015
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt076171
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt035796
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt02500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-40375
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01771
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt076171
IRS990EZ/Form990TotalAssetsGrp/EOYAmt035796
IRS990EZ/GrossReceiptsAmt0121780
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt076171
IRS990EZ/NetAssetsOrFundBalancesEOYAmt035796
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt076171
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt035796
IRS990EZ/OccupancyRentUtltsAndMaintAmt03250
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt030.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VIGGEN RASSAM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0157134
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE BASKETBALL SKILL DEVELOPMENT TO YOUTH AND PROVIDE OPPORTUNITIES FOR YOUTH TO COMPETE IN PROGRAMS THEY WOULD NORMALLY NOT BE FINANCIALLY CAPABLE OF ATTENDING.
IRS990EZ/ProgramServiceRevenueAmt0119280
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HOSTED A FREE CLINIC FOR BOYS AGES 11-14 WITH MANY FROM LOW INCOME NEIGHBORHOODS IN ATTENDANCE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1RECEIVED A COMMITTMENT FOR OUR MAJOR DONOR THIS FISCAL YEAR
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2ESTABLISHED A TENTATIVE AGREEMENT WITH A LOCAL PRIVATE HIGH SCHOOL TO UTILIZE THEIR ATHLETIC AND CLASSROOM FACILITIES TO FURTHER OUR PROGRAMS. MAY POSSIBLY HAVE THEIR HONOR STUDENTS ACT AS TUTORS FOR THE YOUNGER CHILDREN WHO PARTICIPATE IN OUR TEAMS WHEN THEY ARE FORMED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0162155
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0121780
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: AUTOMOBILE. AMOUNT: 79,019. DESCRIPTION: CLOTHING. AMOUNT: 1,609. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 75. DESCRIPTION: OUTSIDE SERVICES. AMOUNT: 20,993. DESCRIPTION: POSTAGE. AMOUNT: 24. DESCRIPTION: PROMOTIONAL. AMOUNT: 400. DESCRIPTION: REPAIRS. AMOUNT: 1,125. DESCRIPTION: SALARY. AMOUNT: 28,629. DESCRIPTION: SUPPLIES. AMOUNT: 9,372. DESCRIPTION: TAXES. AMOUNT: 9,776. DESCRIPTION: TRAVEL & MEALS. AMOUNT: 1,120. DESCRIPTION: SCHOLARSHIP. AMOUNT: 915. DESCRIPTION: EQUIPMENT. AMOUNT: 2,478. DESCRIPTION: DONATED ITEMS. AMOUNT: 1,499. DESCRIPTION: OTHER EXPENSE. AMOUNT: 100. TOTAL TO FORM 990-EZ, LINE 16: 157,134.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VIGGEN RASSAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04152609304
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUNDAMENTALS FIRST ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0270299948
ReturnHeader/Filer/PhoneNum04152609304
ReturnHeader/Filer/USAddress/AddressLine1Txt0916 WILDWOOD AVENUE
ReturnHeader/Filer/USAddress/CityNm0DALY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094015
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0975066AAA13E87F9E4044440D0E762F8A3AFD7DE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId057E20257B112F8EF35324BF85AF38857B7A00F5E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0135.84.100.10
ReturnHeader/FilingSecurityInformation/IPDt02020-03-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm013:42:02
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942621126
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRISAFI PRYOR & FARQUHAR INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01650 BOREL PLACE SUITE 120
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN MATEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094402
ReturnHeader/PreparerPersonGrp/PhoneNum06506972727
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL PRYOR CPA
ReturnHeader/ReturnTs02020-04-07T12:07:23-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings