Civic Intelligence

Faou Foundation

990 • Fiscal year 2018 • EIN 27-2399066

Jun 01, 2017 to May 31, 2018 • Filed on Oct 25, 2018

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

98th percentile

3.62x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

0.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

12th percentile

-32%

Higher net margin than 12% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

12th percentile

-36%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-76%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$19,490

Down $11,189 (-36%) from 2017

Net Assets

Down

-$51,076

Down $51,569 (-10460%) from 2017

Liabilities

Up

$70,566

Up $40,380 (+134%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin12th percentile

Revenue

Down

$161,478

Down $515,120 (-76%) from 2017

Expenses

Down

$213,047

Down $1,318,470 (-86%) from 2017

Net Income

Up

-$51,569

Up $803,350 (+94%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2018

Assets$19,490
Liabilities$70,566
Net Assets-$51,076
Open 2018 Filing

Operations Trend

Revenue Growth4th 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

2018

Revenue$161,478
Expenses$213,047
Net Income-$51,569
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Oct 25, 2018
Return Version
2017v2.3
Gross Receipts
$161,478
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. The foundation also strives to form strong connections with the local communities that host its art installations, and to engage in various revitalization and educational efforts specific to each communitity's specific needs, landscape and culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors-$50,000-
Cash and Non-Interest-Bearing Accounts$25,679$18,023▼ $7,656
Accounts Receivable$5,000--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$493$-51,076▼ $51,569
Total Assets$30,679$19,490▼ $11,189
Other Assets Total$0$1,467▲ $1,467
Liabilities
Accounts Payable and Accrued Expenses$30,186$20,566▼ $9,620
Total Liabilities$30,186$70,566▲ $40,380
Net Assets / Fund Balance
Total Net Assets Fund Balance$493$-51,076▼ $51,569
Total Liabilities and Net Assets / Fund Balance$30,679$19,490▼ $11,189

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,467--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Dena MullerExecutive DirectorFT$92,692$92,692

Board Members and Trustees

NameTitle
Mariko MoriPresident/ Director
Philippe Khuong-huuVice President/ Director
John S Wadsworth JrDirector
Melissa ChiuDirector
Richard ChangDirector
Steven Goldglit CPASecretary/ Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$161,462
Program Service Revenue
$0
Investment Income
$16
Other Revenue
$0
All Other Contributions
$161,462
Change in Net Assets
$-51,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,091
Salaries, Compensation, and Employee Benefits$104,956
Total Fundraising Expense$65,285
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$46,346$23,173$23,173$92,692
Advertising--$21,948$21,948
Payroll Taxes$3,585$1,793$1,793$7,171
Fees for Services Accounting-$6,605-$6,605
Office Expenses-$5,185-$5,185
Other Employee Benefits$2,547$1,273$1,273$5,093
Fees for Services Legal-$4,960-$4,960
Other Expenses$4,595$2,196$3,145$2,196
All Other Expenses-$1,825-$1,825
Insurance-$1,573-$1,573
Travel$393--$393
Total Functional Expenses$96,034$51,728$65,285$213,047
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$50,000-
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 11B

“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
Mariko Mori
Title
President
Phone
2129663097
Signed
2018-10-25
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
1
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 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 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.”

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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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0408
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0273778
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.17330
IRS990ScheduleA/PublicSupportPY170Pct00.19060
IRS990ScheduleA/PublicSupportTotal170Amt0243418
IRS990ScheduleA/SubstantialContributorsTotAmt01161019
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0161462
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0651697
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0583278
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0250
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07750
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01404437
IRS990ScheduleA/TotalSupportAmt01404845
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt019490
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/RevenuesIncludedAmt0161477
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01467
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITALIZED PROJECT COSTS
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINE ART CREATED BY MARIKO MORI. ARTWORK SOLD AND PROCEEDS USED TO PAY FABRICATION COSTS OF 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01467
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0GENERAL PURPOSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt050000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARIKO MORI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt050000
IRS990/ScheduleORequiredInd01
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 PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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/TotalAssetsBOYAmt030679
IRS990/TotalAssetsEOYAmt019490
IRS990/TotalAssetsGrp/BOYAmt030679
IRS990/TotalAssetsGrp/EOYAmt019490
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161462
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt065285
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051728
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt096034
IRS990/TotalFunctionalExpensesGrp/TotalAmt0213047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt030186
IRS990/TotalLiabilitiesEOYAmt070566
IRS990/TotalLiabilitiesGrp/BOYAmt030186
IRS990/TotalLiabilitiesGrp/EOYAmt070566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-51076
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt096034
IRS990/TotalReportableCompFromOrgAmt092692
IRS990/TotalRevenueGrp/ExclusionAmt016
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161478
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019490
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0393
IRS990/TravelGrp/TotalAmt0393
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/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIKO MORI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02129663097
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-25
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0902FC791AE9955F6E76C8D5E52813A14BF17E7F1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BA2216EE9FFD8C4EC3CC77937AD0A1A56E3A7328
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.38.214.101
ReturnHeader/FilingSecurityInformation/IPDt02018-10-25
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:44:56
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/ReturnTs02018-10-25T11:45:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-06-01
ReturnHeader/TaxPeriodEndDt02018-05-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,490
Liabilities
$70,566
Net assets
-$51,076
Revenue
$161,478
Expenses
$213,047
Net income
-$51,569
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