Civic Intelligence

504 Resource Fund

EIN 33-2366294 • 501(c)4 • Foxborough, MA

Profile

The 504 resource fund seeks to promote a better society for all our nation's citizens, primarily through making domestic grants to nonprofit organizations that work to strengthen civil society, promote economic prosperity, and encourage civic participation.

124 Washington St Ste 101Foxborough, MA 02035

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

501(c)4 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$30,003,534

No earlier filing loaded for comparison.

Liabilities

$12,176

No earlier filing loaded for comparison.

Net Assets

$29,991,358

No earlier filing loaded for comparison.

Revenue

$30,003,534

No earlier filing loaded for comparison.

Expenses

$12,176

No earlier filing loaded for comparison.

Net Income

$29,991,358

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2024: $30,003,534Liabilities 2024: $12,176Net Assets 2024: $29,991,3582024

Highlighted filing

2024

Assets$30,003,534
Liabilities$12,176
Net Assets$29,991,358

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Revenue 2024: $30,003,534Expenses 2024: $12,176Net Income 2024: $29,991,3582024

Highlighted filing

2024

Revenue$30,003,534
Expenses$12,176
Net Income$29,991,358

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 11, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$30,003,534
Mission and Program Overview

Mission

The 504 resource fund seeks to promote a better society for all our nation's citizens, primarily through making domestic grants to nonprofit organizations that work to strengthen civil society, promote economic prosperity, and encourage civic participation.

504 resource fund's mission is to promote a better society for all our nation's citizens, primarily through making domestic grants to nonprofit organizations that work to strengthen civil society, promote economic prosperity, and encourage civic participation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$30,003,534-
Rtn Earn Endowment Incm Other Fnds$0$29,991,358▲ $29,991,358
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$30,003,534▲ $30,003,534
Liabilities
Accounts Payable and Accrued Expenses-$12,176-
Total Liabilities$0$12,176▲ $12,176
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$29,991,358▲ $29,991,358
Total Liabilities and Net Assets / Fund Balance$0$30,003,534▲ $30,003,534
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andy SackChair/secretary
Andrew ShapiroPresident/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,000,000
Program Service Revenue
$0
Investment Income
$3,534
Other Revenue
$0
All Other Contributions
$30,000,000
Change in Net Assets
$29,991,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$12,176-$12,176
Total Functional Expenses$0$12,176$0$12,176
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
CEO compensation reviewed
Yes
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

A copy of the form 990 is provided to the governing body and legal counsel prior to filing for review.

Form 990, Part VI, Section B, Line 12C

On an annual basis, each member of the board shall be provided with a copy of the conflict of interest policy, and shall complete and sign the acknowledgement and disclosure form certifying that: 1. To the best of their knowledge and belief, neither they nor any person or organization with whom they have a personal or business relationship intends to engage in any transaction, to acquire any interest in any organization or entity, or to receive any substantial gift or favor that may represent a conflict with their obligations to the corporation. 2. To the best of their knowledge and belief, they do not expect to receive compensation from the corporation, or to receive in excess of $10,000 annually from the corporation for services they provided to the corporation as an independent contractor, other than reimbursement of reasonable expenses. 3. To the best of their knowledge and belief, no member of their family expects to receive any compensation or material financial benefit from the corporation. 4. To the best of their knowledge and belief, they have no family relationship or business relationship with any current member of the board of directors, any officer, or any key employee of the corporation.

Form 990, Part VI, Section B, Line 15A

No directors, officers, or employees of the organization were compensated in 2024. Any future compensation paid to such individual will undergo an assessment of reasonableness according to benchmarks of market data for similar positions.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
504 Resource Fund
EIN
33-2366294
Phone
5085431720
Address
124 WASHINGTON ST STE 101, FOXBOROUGH, MA 02035

Signing Officer

Name
Upendra Shardanand
Title
Chair/secretary
Phone
5085431720
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Upendra Shardanand
Formed
2024
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Verdolino & Lowey Pc
Address
124 WASHINGTON ST SUITE 101, FOXBOROUGH, MA 02035
Preparer
Heather Medeiros CPA
Phone
5085431720
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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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IRS990/MissionDesc0THE 504 RESOURCE FUND SEEKS TO PROMOTE A BETTER SOCIETY FOR ALL OUR NATION'S CITIZENS, PRIMARILY THROUGH MAKING DOMESTIC GRANTS TO NONPROFIT ORGANIZATIONS THAT WORK TO STRENGTHEN CIVIL SOCIETY, PROMOTE ECONOMIC PROSPERITY, AND ENCOURAGE CIVIC PARTICIPATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY AND LEGAL COUNSEL PRIOR TO FILING FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD SHALL BE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY, AND SHALL COMPLETE AND SIGN THE ACKNOWLEDGEMENT AND DISCLOSURE FORM CERTIFYING THAT: 1. TO THE BEST OF THEIR KNOWLEDGE AND BELIEF, NEITHER THEY NOR ANY PERSON OR ORGANIZATION WITH WHOM THEY HAVE A PERSONAL OR BUSINESS RELATIONSHIP INTENDS TO ENGAGE IN ANY TRANSACTION, TO ACQUIRE ANY INTEREST IN ANY ORGANIZATION OR ENTITY, OR TO RECEIVE ANY SUBSTANTIAL GIFT OR FAVOR THAT MAY REPRESENT A CONFLICT WITH THEIR OBLIGATIONS TO THE CORPORATION. 2. TO THE BEST OF THEIR KNOWLEDGE AND BELIEF, THEY DO NOT EXPECT TO RECEIVE COMPENSATION FROM THE CORPORATION, OR TO RECEIVE IN EXCESS OF $10,000 ANNUALLY FROM THE CORPORATION FOR SERVICES THEY PROVIDED TO THE CORPORATION AS AN INDEPENDENT CONTRACTOR, OTHER THAN REIMBURSEMENT OF REASONABLE EXPENSES. 3. TO THE BEST OF THEIR KNOWLEDGE AND BELIEF, NO MEMBER OF THEIR FAMILY EXPECTS TO RECEIVE ANY COMPENSATION OR MATERIAL FINANCIAL BENEFIT FROM THE CORPORATION. 4. TO THE BEST OF THEIR KNOWLEDGE AND BELIEF, THEY HAVE NO FAMILY RELATIONSHIP OR BUSINESS RELATIONSHIP WITH ANY CURRENT MEMBER OF THE BOARD OF DIRECTORS, ANY OFFICER, OR ANY KEY EMPLOYEE OF THE CORPORATION.
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