Civic Intelligence

Faou Foundation

990 • Fiscal year 2015 • EIN 27-2399066

Jun 01, 2014 to May 31, 2015 • Filed on Dec 10, 2015

Organization ProfileWWW.FAOUFOUNDATION.ORG
247 West 37th StreetNew York, NY 10018

(212) 966-3097

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

0.75x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

55th percentile

4.3%

Faster asset growth than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-85%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$446,727

Up $18,610 (+4.3%) from 2014

Net Assets

Up

$418,295

Up $22,775 (+5.8%) from 2014

Liabilities

Down

$28,432

Down $4,165 (-13%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin94th percentile

Revenue

Down

$37,761

Down $220,457 (-85%) from 2014

Expenses

Down

$14,986

Down $2,387 (-14%) from 2014

Net Income

Down

$22,775

Down $218,070 (-91%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$600K$400K$200K$0-$200KAssets 2012: $233,782Liabilities 2012: $39,918Net Assets 2012: $193,8642012Assets 2013: $187,487Liabilities 2013: $32,812Net Assets 2013: $154,6752013Assets 2014: $428,117Liabilities 2014: $32,597Net Assets 2014: $395,5202014Assets 2015: $446,727Liabilities 2015: $28,432Net Assets 2015: $418,2952015Assets 2017: $30,679Liabilities 2017: $30,186Net Assets 2017: $4932017Assets 2018: $19,490Liabilities 2018: $70,566Net Assets 2018: -$51,0762018Assets 2019: $14,950Liabilities 2019: $99,660Net Assets 2019: -$84,7102019Assets 2020: $124,524Liabilities 2020: $103,742Net Assets 2020: $20,7822020Assets 2021: $203,465Liabilities 2021: $107,637Net Assets 2021: $95,8282021Assets 2022: $178,396Liabilities 2022: $107,674Net Assets 2022: $70,7222022Assets 2023: $174,983Liabilities 2023: $104,909Net Assets 2023: $70,0742023

Highlighted filing

2015

Assets$446,727
Liabilities$28,432
Net Assets$418,295
Open 2015 Filing

Operations Trend

Revenue Growth3rd percentile

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $72,2122012Expenses 2013: $154,7862013Revenue 2014: $258,218Expenses 2014: $17,373Net Income 2014: $240,8452014Revenue 2015: $37,761Expenses 2015: $14,986Net Income 2015: $22,7752015Revenue 2017: $676,598Expenses 2017: $1,531,517Net Income 2017: -$854,9192017Revenue 2018: $161,478Expenses 2018: $213,047Net Income 2018: -$51,5692018Revenue 2019: $20,003Expenses 2019: $53,637Net Income 2019: -$33,6342019Revenue 2020: $180,044Expenses 2020: $74,552Net Income 2020: $105,4922020Revenue 2021: $240,164Expenses 2021: $165,118Net Income 2021: $75,0462021Revenue 2022: $160,020Expenses 2022: $185,126Net Income 2022: -$25,1062022Revenue 2023: $178,069Expenses 2023: $178,717Net Income 2023: -$6482023

Highlighted filing

2015

Revenue$37,761
Expenses$14,986
Net Income$22,775
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Dec 10, 2015
Return Version
2014v5.0
Gross Receipts
$37,761
Mission and Program Overview

Mission

The foundation's mission is to create a series of harmonious, site specific art installations around the world, each of which will provide lasting testimony to the natural beauty of their surroundings. These permanent works will help promote a deeper understanding of humankind's connection with the natural environment, and serve for preserving and revitalizing the communities that will host these installations.

The foundation's mission is to create a series of harmonious, site specific art installations around the world,each of which will provide lasting testimony to the natural beauty of their surroundings. These permanent works will help promote a deeper understanding of humankind's connection with the natural environment, and serve for preserving and revitalizing the communities that will host these installations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$395,520$418,295▲ $22,775
Cash and Non-Interest-Bearing Accounts$296,642$333,454▲ $36,812
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$428,117$446,727▲ $18,610
Other Assets Total$131,475$113,273▼ $18,202
Liabilities
Accounts Payable and Accrued Expenses$32,597$28,432▼ $4,165
Total Liabilities$32,597$28,432▼ $4,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$395,520$418,295▲ $22,775
Total Liabilities and Net Assets / Fund Balance$428,117$446,727▲ $18,610

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$113,273--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mariko MoriPresident/ Director
Philippe Khuong-huuVice President/ Director
Melissa ChiuDirector
Steven Goldglit CPASecretary/ Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$37,734
Program Service Revenue
$0
Investment Income
$27
Other Revenue
$0
All Other Contributions
$37,734
Change in Net Assets
$22,775
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,986
Total Fundraising Expense$2,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$5,285--$5,285
Fees for Services Accounting-$3,400-$3,400
Advertising--$2,902$2,902
Insurance-$1,536-$1,536
Other Expenses$886$211-$211
All Other Expenses-$60-$60
Total Functional Expenses$6,171$5,913$2,902$14,986
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The foundation will provide the information requested upon notification”

Form 990, Part VI, Section C, Line 19

“Upon notification the foundation will provide the information requested.”

Filing and Contact Details

Filer

Filer Name
Faou Foundation
EIN
27-2399066
Phone
2129663097
Address
247 WEST 37TH STREET, NEW YORK, NY 10018

Signing Officer

Name
Steven Goldglit CPA
Title
Secretary/treasurer
Phone
2129663097
Signed
2015-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mariko Mori
Formed
2010
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Goldglit & Company Llp
Address
499 SEVENTH AVENUE - 14 SOUTH, NEW YORK, NY 10018
Preparer
Michael B Stein
Phone
2128687200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No change from the prior year”

Financial Statement Notes

PART III, LINE 4:

“Fine art created by mariko mori. Artwork sold and proceeds used to pay fabrication costs of sun pillar artwork (aka "primal rhythm") to be installed in miyako island japan, and the ring project to be installed at visconde mau, in brazil as per the program services.”

PART X, LINE 2:

“The organization follows the provisions of accounting standards codification 740, accounting for uncertainty in income taxes, which addresses the accounting for, and disclosure of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return.”

Raw XML Appendix336 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/ProgSrvcAccomActy2Grp/Desc0A PERMANENT INSTALLATION ENTITLED RING IS CURRENTLY BEING CONSTRUCTED AND WILL BE INSTALLED AT VISCONDE MAU, IN THE CITY OF RESENDE, BRAZIL IN 2016.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINE ART CREATED BY MARIKO MORI. ARTWORK SOLD AND PROCEEDS USED TO PAY FABRICATION COSTS OF SUN PILLAR ARTWORK (AKA "PRIMAL RHYTHM") TO BE INSTALLED IN MIYAKO ISLAND JAPAN, AND THE RING PROJECT TO BE INSTALLED AT VISCONDE MAU, IN BRAZIL AS PER THE PROGRAM SERVICES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION FOLLOWS THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE ACCOUNTING FOR, AND DISCLOSURE OF MORE LIKELY THAN NOT FOR RECOGNITION AND DE-RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WILL PROVIDE THE INFORMATION REQUESTED UPON NOTIFICATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON NOTIFICATION THE FOUNDATION WILL PROVIDE THE INFORMATION REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGE FROM THE PRIOR YEAR
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0428117
IRS990/TotalAssetsEOYAmt0446727
IRS990/TotalAssetsGrp/BOYAmt0428117
IRS990/TotalAssetsGrp/EOYAmt0446727
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt037734
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02902
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05913
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06171
IRS990/TotalFunctionalExpensesGrp/TotalAmt014986
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032597
IRS990/TotalLiabilitiesEOYAmt028432
IRS990/TotalLiabilitiesGrp/BOYAmt032597
IRS990/TotalLiabilitiesGrp/EOYAmt028432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0395520
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0418295
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06171
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt037761
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0428117
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0446727
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0247 WEST 37TH STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010018
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.FAOUFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN GOLDGLIT CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02129663097
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FAOU FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FAOU
ReturnHeader/Filer/EIN0272399066
ReturnHeader/Filer/PhoneNum02129663097
ReturnHeader/Filer/USAddress/AddressLine1Txt0247 WEST 37TH STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320047135
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDGLIT & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0499 SEVENTH AVENUE - 14 SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02128687200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL B STEIN
ReturnHeader/ReturnTs02015-12-10T09:33:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-06-01
ReturnHeader/TaxPeriodEndDt02015-05-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$446,727
Liabilities
$28,432
Net assets
$418,295
Revenue
$37,761
Expenses
$14,986
Net income
$22,775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.10$0.07$0.18$0.18$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.11$0.07$0.16$0.19$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.20$0.11$0.10$0.24$0.17$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.10$0.02$0.18$0.07$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.10$0.08$0.02$0.05$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.07$0.05$0.16$0.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.00$0.68$1.53$0.85
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.03$0.42$0.04$0.01$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.03$0.40$0.26$0.02$0.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.03$0.15$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.04$0.19$0.07