Civic Intelligence

The Torit Foundation Inc

990EZ • Fiscal year 2018 • EIN 35-2523853

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

87th percentile

0.33x

Higher debt load relative to assets than 87% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

0.34x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

7th percentile

-64%

Higher net margin than 7% of similar nonprofits.

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

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.

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

Asset Growth

19th percentile

-23%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

7th percentile

-62%

Faster revenue growth than 7% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$12,238

Down $3,585 (-23%) from 2017

Net Assets

Down

$8,155

Down $7,668 (-48%) from 2017

Liabilities

Up

$4,083

Up $4,083 from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin7th percentile

Revenue

Down

$11,950

Down $19,126 (-62%) from 2017

Expenses

Down

$19,618

Down $1,130 (-5.4%) from 2017

Net Income

Down

-$7,668

Down $17,996 (-174%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

2018

Assets$12,238
Liabilities$4,083
Net Assets$8,155
Open 2018 Filing

Operations Trend

Revenue Growth7th percentile

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

2018

Revenue$11,950
Expenses$19,618
Net Income-$7,668
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$11,950
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.$15,100$0
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KRISTEN MANSHARAMANIPresident/TreasurerPT$0--
SHERLA COLLYMORE-PHILLIPSBoard MemberPT$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
2019-11-15
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: anna jensen. Property description: scholarship. Method used to determine book value: cash. Method used to determine fmv: cash. Date of gift: various. Amount given: 15,100.”

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

“Description: bank service charges. Amount: 408. Description: office supplies & exp. Amount: 1,952. Description: business fees. Amount: 70. Total to form 990-ez, line 16: 2,430.”

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

“Description: due to torit school. Beg. Of year amount: 0. End of year amount: 4,083.”

Raw XML Appendix140 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
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/BOYAmt015823
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt012238
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt011950
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-7668
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02088
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt015823
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012238
IRS990EZ/GrantsAndSimilarAmountsPaidAmt015100
IRS990EZ/GrossReceiptsAmt011950
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt015823
IRS990EZ/NetAssetsOrFundBalancesEOYAmt08155
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt015823
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt08155
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KRISTEN MANSHARAMANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SHERLA COLLYMORE-PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt02430
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/GrantsAndAllocationsAmt015100
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt04083
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt019618
IRS990EZ/TotalRevenueAmt011950
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt011850
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt031076
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt086776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt047470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0177172
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0177172
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt011850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt031076
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt086776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt047470
IRS990ScheduleA/Total509Grp/TotalAmt0177172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt011850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt031076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt086776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt047470
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0177172
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: 15,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 408. DESCRIPTION: OFFICE SUPPLIES & EXP. AMOUNT: 1,952. DESCRIPTION: BUSINESS FEES. AMOUNT: 70. TOTAL TO FORM 990-EZ, LINE 16: 2,430.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO TORIT SCHOOL. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 4,083.
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/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN MANSHARAMANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172925181
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
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
ReturnHeader/Filer/USAddress/ZIPCd002114
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0595CA70EDAD31CDC5BA41F8531D0D8E9E715DDB5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.0.9.203
ReturnHeader/FilingSecurityInformation/IPDt02019-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:19:12
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/ReturnTs02019-11-15T09:19:14-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$12,238
Liabilities
$4,083
Net assets
$8,155
Revenue
$11,950
Expenses
$19,618
Net income
-$7,668
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