Civic Intelligence

The Torit Foundation Inc

990EZ • Fiscal year 2017 • EIN 35-2523853

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

Organization ProfileN/A
300 Cambridge StreetBoston, MA 02114

(857) 544-6501

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

$15,823

No earlier filing loaded for comparison.

Net Assets

$15,823

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin85th percentile

Revenue

$31,076

No earlier filing loaded for comparison.

Expenses

$20,748

No earlier filing loaded for comparison.

Net Income

$10,328

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2017

Assets$15,823
Liabilities$0
Net Assets$15,823
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$31,076
Expenses$20,748
Net Income$10,328
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$31,076
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.$0$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KRISTEN MANSHARAMANIPresident/TreasurerPT$0--
SHERLA COLLYMORE-PHILLIPSClerkPT$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
Director
Phone
6172925181
Signed
2018-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Gorton & Company Pc
Address
199 ROSEWOOD DRIVE SUITE 320, 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: jiaping chen. Method used to determine book value: cash. Method used to determine fmv: cash. Book value of property: 19,275. Date of gift: various. Amount given: 19,275.”

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

“Activity classification: scholarship. Grantee name: isabella strezo-filippo. Property description: scholarship. Method used to determine book value: cash. Method used to determine fmv: cash. Book value of property: 4,181. Date of gift: various. Amount given: 4,181. Total included on form 990-ez, line 10: 23,456.”

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

“Description: bank service charges. Amount: 430. Description: office supplies & exp. Amount: 32. Description: business fees. Amount: 83. Total to form 990-ez, line 16: 545.”

Raw XML Appendix134 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/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990EZ/BooksInCareOfDetail/PhoneNum08575446501
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 CAMBRIDGE STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002114
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05495
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015823
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt031076
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/ExcessOrDeficitForYearAmt010328
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
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IRS990EZ/GrossReceiptsAmt031076
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05495
IRS990EZ/NetAssetsOrFundBalancesEOYAmt015823
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05495
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CLERK
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0545
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATIONAL SCHOLARSHIPS, STUDENT FINANCIAL AID, AWARDS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING MONETARY SUPPORT TO CHILDREN WHO OTHERWISE MAY NOT BE ABLE TO EXPERIENCE A QUALITY EDUCATIONAL OPPORTUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt020748
IRS990EZ/TotalRevenueAmt031076
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt031076
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt086776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt047470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0165322
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0165322
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031076
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt086776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt047470
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt047470
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0165322
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JIAPING CHEN. METHOD USED TO DETERMINE BOOK VALUE: CASH. METHOD USED TO DETERMINE FMV: CASH. BOOK VALUE OF PROPERTY: 19,275. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 19,275.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: ISABELLA STREZO-FILIPPO. PROPERTY DESCRIPTION: SCHOLARSHIP. METHOD USED TO DETERMINE BOOK VALUE: CASH. METHOD USED TO DETERMINE FMV: CASH. BOOK VALUE OF PROPERTY: 4,181. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 4,181. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 23,456.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 430. DESCRIPTION: OFFICE SUPPLIES & EXP. AMOUNT: 32. DESCRIPTION: BUSINESS FEES. AMOUNT: 83. TOTAL TO FORM 990-EZ, LINE 16: 545.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN MANSHARAMANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172925181
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.0.9.203
ReturnHeader/FilingSecurityInformation/IPDt02018-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:33:10
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472265971
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GORTON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0199 ROSEWOOD DRIVE SUITE 320
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANVERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001923
ReturnHeader/PreparerPersonGrp/PhoneNum09787744000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT F GORTON
ReturnHeader/ReturnTs02018-11-15T08:46:08-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,823
Liabilities
$0
Net assets
$15,823
Revenue
$31,076
Expenses
$20,748
Net income
$10,328
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