Civic Intelligence

Masciantonio Foundation

990 • Fiscal year 2020 • EIN 30-6595159

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

114 W 47th St Ny8-114-07-07New York, NY 10036-1510

(212) 852-3049

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

16th percentile

-16%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$211,663

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 34.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$8,186,072

No earlier filing loaded for comparison.

Net Assets

$8,186,072

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$616,423

No earlier filing loaded for comparison.

Expenses

$715,515

No earlier filing loaded for comparison.

Net Income

-$99,092

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2020: $8,186,072Liabilities 2020: $0Net Assets 2020: $8,186,0722020Assets 2021: $8,150,528Liabilities 2021: $0Net Assets 2021: $8,150,5282021Assets 2022: $8,233,225Liabilities 2022: $0Net Assets 2022: $8,233,2252022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$8,186,072
Liabilities$0
Net Assets$8,186,072

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MRevenue 2020: $616,423Expenses 2020: $715,515Net Income 2020: -$99,0922020Revenue 2021: $474,021Expenses 2021: $505,335Net Income 2021: -$31,3142021Revenue 2022: $597,853Expenses 2022: $515,575Net Income 2022: $82,2782022Revenue 2023: $162,372Expenses 2023: $9,724,162Net Income 2023: -$9,561,7902023

Highlighted filing

2020

Revenue$616,423
Expenses$715,515
Net Income-$99,092
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$2,136,634
Mission and Program Overview

Mission

Support of the teaching of latin, greek, and classical studies by means of the philadelphia foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$8,285,954$8,186,072▼ $99,882
Investments in Publicly Traded Securities$7,706,942$7,626,902▼ $80,040
Savings and Temporary Cash Investments$766,367$558,998▼ $207,369
Cash and Non-Interest-Bearing Accounts$-187,355$172▲ $187,527
Total Assets$8,285,954$8,186,072▼ $99,882
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$8,285,954$8,186,072▼ $99,882
Total Liabilities and Net Assets / Fund Balance$8,285,954$8,186,072▼ $99,882
Compensation and Service Providers

Employees

NameTitleBaseTotal
-Co-trustee$211,663$211,663
Revenue and Support

Revenue Composition

Contributions and Grants
$174,886
Program Service Revenue
$0
Investment Income
$441,537
Other Revenue
$0
All Other Contributions
$174,886
Change in Net Assets
$-99,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$348,337
Salaries, Compensation, and Employee Benefits$317,690
Other Expenses$49,488
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$348,337--$348,337
Comp Disqual Persons-$317,690-$317,690
Fees for Services Legal-$44,116-$44,116
Other Expenses-$4,281-$4,281
Total Functional Expenses$348,337$367,178$0$715,515
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Philadelphia FoundationPhiladelphia, PA-Support of the Teaching of$348,337
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
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11-description of Process for Review

The audit committee of the supported organization reviews drafts of the form 990. Once completed, the form 990 will be made available electronically to the entire board.

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

Governance is handled by the supported organization. The conflict of the interest policy is administered and implemented by the supported organization's audit committee. Each trustee and full time employee is required to annually submit a conflict of interest disclosure form. The executive director and president jointly monitor proposed business transactions which may have the potential for conflicts of interest and the chair of the audit committee of the supported organization is notified if a potential conflict of interest is found. Any trustee or full time employee who believes he or she may have a potential conflict must immediately contact the chair of the audit committee of the supported organization. The chair of the

EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12C

Audit committee of the supported organization determines whether a conflict of interest exists. When a proposed transaction involves a conflict, the conflicted trustee/employee is advised and is required to submit an updated disclosure form. A trustee who has a conflict of interest does not participate in board or committee consideration or determinations on the matter.

FORM 990, PAGE 6, PART VI, LINE 15A

The executive committee of the supported organization reviews executive director performance and recommends compensation to the finance committee of the supported organization. The finance committee of the supported organization incorporates the recommended compensation into the budget and forwardsthe budget to the full board. The board of the supported organization has final approval of all compensation. The organization has no other key employees

Form 990, Page 6, Part VI, Line 19

Governing documents, financial statements and other information are made available upon request

Filing and Contact Details

Filer

Filer Name
Masciantonio Foundation
EIN
30-6595159
Phone
2128523049
Address
114 W 47TH ST NY8-114-07-07, NEW YORK, NY 10036-1510

Signing Officer

Name
Bank of America N a
Title
Trustee
Phone
2128523049
Signed
2021-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bank of America N a
Formed
2017
Legal Domicile
Pa
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
301 GRANT STREET 45TH FLOOR, PITTSBURGH, PA 15219
Preparer
Lawrence Mcguire
Phone
4123556000
Supplemental Narrative

Additional Explanations

Explanation for Form 990, Part XI, Line 9

Changes in net assets: mutual fund timing difference $667, purchase of accrued interest c/o to next year (157) and cost basis adjustment ($2,233).

Raw XML Appendix348 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNANCE IS HANDLED BY THE SUPPORTED ORGANIZATION. THE CONFLICT OF THE INTEREST POLICY IS ADMINISTERED AND IMPLEMENTED BY THE SUPPORTED ORGANIZATION'S AUDIT COMMITTEE. EACH TRUSTEE AND FULL TIME EMPLOYEE IS REQUIRED TO ANNUALLY SUBMIT A CONFLICT OF INTEREST DISCLOSURE FORM. THE EXECUTIVE DIRECTOR AND PRESIDENT JOINTLY MONITOR PROPOSED BUSINESS TRANSACTIONS WHICH MAY HAVE THE POTENTIAL FOR CONFLICTS OF INTEREST AND THE CHAIR OF THE AUDIT COMMITTEE OF THE SUPPORTED ORGANIZATION IS NOTIFIED IF A POTENTIAL CONFLICT OF INTEREST IS FOUND. ANY TRUSTEE OR FULL TIME EMPLOYEE WHO BELIEVES HE OR SHE MAY HAVE A POTENTIAL CONFLICT MUST IMMEDIATELY CONTACT THE CHAIR OF THE AUDIT COMMITTEE OF THE SUPPORTED ORGANIZATION. THE CHAIR OF THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUDIT COMMITTEE OF THE SUPPORTED ORGANIZATION DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. WHEN A PROPOSED TRANSACTION INVOLVES A CONFLICT, THE CONFLICTED TRUSTEE/EMPLOYEE IS ADVISED AND IS REQUIRED TO SUBMIT AN UPDATED DISCLOSURE FORM. A TRUSTEE WHO HAS A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN BOARD OR COMMITTEE CONSIDERATION OR DETERMINATIONS ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE SUPPORTED ORGANIZATION REVIEWS EXECUTIVE DIRECTOR PERFORMANCE AND RECOMMENDS COMPENSATION TO THE FINANCE COMMITTEE OF THE SUPPORTED ORGANIZATION. THE FINANCE COMMITTEE OF THE SUPPORTED ORGANIZATION INCORPORATES THE RECOMMENDED COMPENSATION INTO THE BUDGET AND FORWARDSTHE BUDGET TO THE FULL BOARD. THE BOARD OF THE SUPPORTED ORGANIZATION HAS FINAL APPROVAL OF ALL COMPENSATION. THE ORGANIZATION HAS NO OTHER KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER INFORMATION ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGES IN NET ASSETS: MUTUAL FUND TIMING DIFFERENCE $667, PURCHASE OF ACCRUED INTEREST C/O TO NEXT YEAR (157) AND COST BASIS ADJUSTMENT ($2,233).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EXPLANATION FOR FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-11-08T09:00:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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