Civic Intelligence

The Torit Foundation Inc

EIN 35-2523853 • 501(c)3 • Boston, MA

Profile

Educational scholarships, student financial aid, awards

300 Cambridge StreetBoston, MA 02114

n/A

Siviq Scores

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

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.03x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

94th percentile

132%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

14th percentile

-57%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$12,389

Up $10,078 (+436%) from 2019

Liabilities

Down

$1,431

Down $1,902 (-57%) from 2019

Net Assets

Up

$10,958

Up $11,980 (+1172%) from 2019

Operations
Liabilities / Revenue76th percentileNet Margin76th percentile

Revenue

Down

$41,040

Down $184,491 (-82%) from 2019

Expenses

Down

$31,994

Down $202,714 (-86%) from 2019

Net Income

Up

$9,046

Up $18,223 (+199%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

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

$20K$15K$10K$5.0K$0-$5.0KAssets 2017: $15,823Liabilities 2017: $0Net Assets 2017: $15,8232017Assets 2018: $12,238Liabilities 2018: $4,083Net Assets 2018: $8,1552018Assets 2019: $2,311Liabilities 2019: $3,333Net Assets 2019: -$1,0222019Assets 2021: $12,389Liabilities 2021: $1,431Net Assets 2021: $10,9582021

Highlighted filing

2021

Assets$12,389
Liabilities$1,431
Net Assets$10,958
Open 2021 Filing

Operations Trend

Revenue Growth14th percentile

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

$300K$200K$100K$0-$100KRevenue 2017: $31,076Expenses 2017: $20,748Net Income 2017: $10,3282017Revenue 2018: $11,950Expenses 2018: $19,618Net Income 2018: -$7,6682018Revenue 2019: $225,531Expenses 2019: $234,708Net Income 2019: -$9,1772019Revenue 2021: $41,040Expenses 2021: $31,994Net Income 2021: $9,0462021

Highlighted filing

2021

Revenue$41,040
Expenses$31,994
Net Income$9,046
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,389
Liabilities
$1,431
Net assets
$10,958
Revenue
$41,040
Expenses
$31,994
Net income
$9,046
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.01$0.11$0.41$0.32$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.03$0.01$2.26$2.35$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.04$0.08$0.12$0.20$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.31$0.21$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$41,040
Mission and Program Overview

Mission

Educational scholarships, student financial aid, awards

Program Services

DescriptionGrantsExpenses
PROVIDING MONETARY SUPPORT TO CHILDREN WHO OTHERWISE MAY NOT BE ABLE TO EXPERIENCE A QUALITY EDUCATIONAL OPPORTUNITY.$31,667$31,667
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
KRISTEN MANSHARAMANITreasurerPT$0--
SHERLA COLLYMORE-PHILLIPSClerkPT$0--
NAKIA REYESPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
The Torit Foundation Inc
EIN
35-2523853
Phone
8575446501
Address
300 CAMBRIDGE STREET, BOSTON, MA 02114

Signing Officer

Name
Kristen Mansharamani
Title
Treasurer
Phone
6172925181
Signed
2022-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Gorton & Company Pc
Address
222 ROSEWOOD DRIVE SUITE 1100, DANVERS, MA 01923
Preparer
Robert F Gorton
Phone
9787744000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: scholarship. Grantee name: anna jensen. Property description: scholarship. Method used to determine book value: cash. Method used to determine fmv: cash. Date of gift: various. Amount given: 31,667.”

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

“Description: bank service charges. Amount: 117. Description: office supplies & exp. Amount: 10. Description: parking. Amount: 162. Total to form 990-ez, line 16: 289.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to affiliate. Beg. Of year amount: 5,164. End of year amount: 1,431.”

Raw XML Appendix158 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum08575446501
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOSTON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KRISTEN MANSHARAMANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHERLA COLLYMORE-PHILLIPS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CLERK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATIONAL SCHOLARSHIPS, STUDENT FINANCIAL AID, AWARDS
IRS990EZ/PrintingPublicationsPostageAmt038
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING MONETARY SUPPORT TO CHILDREN WHO OTHERWISE MAY NOT BE ABLE TO EXPERIENCE A QUALITY EDUCATIONAL OPPORTUNITY.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0367087
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ANNA JENSEN. PROPERTY DESCRIPTION: SCHOLARSHIP. METHOD USED TO DETERMINE BOOK VALUE: CASH. METHOD USED TO DETERMINE FMV: CASH. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 31,667.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 117. DESCRIPTION: OFFICE SUPPLIES & EXP. AMOUNT: 10. DESCRIPTION: PARKING. AMOUNT: 162. TOTAL TO FORM 990-EZ, LINE 16: 289.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO AFFILIATE. BEG. OF YEAR AMOUNT: 5,164. END OF YEAR AMOUNT: 1,431.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN MANSHARAMANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06172925181
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TORIT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TORI
ReturnHeader/Filer/EIN0352523853
ReturnHeader/Filer/PhoneNum08575446501
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 CAMBRIDGE STREET
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472265971
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum09787744000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT F GORTON
ReturnHeader/ReturnTs02022-11-15T18:01:37-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KRISTEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANSHARAMANI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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