Victor Salvi Foundation

990PF • Fiscal year 2016 • EIN 36-4360186

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Organization Profile

6462 Hanover CtLisle, IL 60532-3218

(847) 387-9589

Siviq Scores

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

0.00x

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

2016 filings • $500k-$1M nonprofits • Source year 2016

0.00x

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

2016 filings • $500k-$1M nonprofits • Source year 2016

-5.5%

Higher net margin than 31% of similar nonprofits.

2016 filings • $500k-$1M nonprofits • Source year 2016

Higher top officer pay than 54% of similar nonprofits.

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

2016 filings • $500k-$1M nonprofits • Source year 2016

-22%

Faster asset growth than 7% of similar nonprofits.

2016 filings • $500k-$1M nonprofits • Annualized from 2015 to 2016

-8.0%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets35th percentile

Assets

Down

$102,534

Down $29,551 (-22%) from 2015

Net Assets

Down

$102,534

Down $29,551 (-22%) from 2015

Liabilities

Flat

Flat from 2015

Revenue And Expenses

Liabilities / Revenue35th percentile Net Margin31st percentile

Revenue

Down

$534,013

Down $46,567 (-8.0%) from 2015

Expenses

$563,564

Up $54,236 (+11%) from 2015

Net Income

Down

-$29,551

Down $100,803 (-141%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

Highlighted filing

2016

Assets$102,534

Liabilities$0

Net Assets$102,534

Open 2016 Filing

Operations Trend

Revenue Growth31st percentile

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

Highlighted filing

2016

Revenue$534,013

Expenses$563,564

Net Income-$29,551

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2016 to Dec 31, 2016
Signed: May 4, 2017
Return Version: 2016v3.0

Compensation and Service Providers

Top Officer Pay54th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JULIA TERESA TORRES FORERO	President	-	$0	-	-
EDWARD G LUDWIG	Treasurer	-	$0	-	-
CAROLYN CLARKE	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Victor Salvi Foundation
EIN: 36-4360186
Phone: 8473879589
Address: 6462 Hanover Ct, Lisle, IL 60532-3218

Signing Officer

Name: Ed Ludwig
Title: Treasurer - Director
Phone: 8473879589
Signed: 2017-05-04
Discuss with paid preparer: Yes

Preparer

Firm: Midwest Group Accounting & Tax Services
Address: 2029 Ogden Ave, Lisle, IL 60532
Preparer: Dario Delfiacco CPA
Phone: 6305152180

Raw XML Appendix316 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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AccountingFeesSchedule/AccountingFeesDetail/CategoryTxt	0	Midwest Group Acctg & Tax Accounting & Tax Preparation
AllOthProgRltdInvestmentsSch/AllOtherProgramRelatedInvstGrp/Desc	0	None
IRS990PF/AnalysisIncomeProducingActyGrp/ProgramServiceRevPartVIIGrp/Desc	0	Festival Package Sales
IRS990PF/AnalysisIncomeProducingActyGrp/ProgramServiceRevPartVIIGrp/RelatedOrExemptFunctionIncmAmt	0	141520
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/RelatedOrExemptFunctionIncmAmt	0	141520
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IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt	0	563564
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IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt	0	79089
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	0	JULIA TERESA TORRES FORERO
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	1	EDWARD G LUDWIG
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	2	CAROLYN CLARKE
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	1	Treasurer
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	2	Director
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt	2	USA 6462 Hanover Ct
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IRS990PF/Organization501c3ExemptPFInd	0	X
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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	0	Income from the Cartagena International Festival of Music,
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	1	which includes performances, lectures and exhibits to promote
IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt	2	young and aspiring musical artists.
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt	0	802154
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IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	2433803
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IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	506403
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	1
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	1	2
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	2	3
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	0	BEATRICE MARIO SANTO DOMINGO
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	1	MAYRA E ESQUENAZI
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm	2	PROTON LLC URIBE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	0	740 Park Ave
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	1	Clemencia Velandia 193 55 Turnberry
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt	2	563 Park Ave Apt 11W
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	0	New York
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	1	Aventura
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm	2	New York
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	0	NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	1	FL
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd	2	NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	0	10021
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	1	33180
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd	2	10065
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	0	X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	1	X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd	2	X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	101970
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	1	53000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	2	210000
IRS990ScheduleB/GeneralRuleInd	0	X
IRS990ScheduleB/Organization501c3ExemptPFInd	0	X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt	0	MomKus McCluskey LLC Legal
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt	0	1978
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Contracted Services
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	Office Management Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	Bank Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	Merchant Account Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	Postage Mailings
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	Web Site
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	6	Orchestra Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	7	Performers, Musician Costs
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	8	Insurance Liability & D&O
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	9	Scholarships
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	0	6253
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	1	24000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	2	620
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	3	2347
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	4	667
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	5	10000
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	6	217330
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	7	198205
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	8	709
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt	9	10000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	6253
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	24000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	620
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	2347
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	667
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	10000
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	6	217330
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	7	198205
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	8	709
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	9	10000
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	Festival Package Sales
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	141520
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	ED LUDWIG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER - DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8473879589
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Victor Salvi Foundation
ReturnHeader/Filer/BusinessNameControlTxt	0	VICT
ReturnHeader/Filer/EIN	0	364360186
ReturnHeader/Filer/PhoneNum	0	8473879589
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	6462 Hanover Ct
ReturnHeader/Filer/USAddress/CityNm	0	Lisle
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IL
ReturnHeader/Filer/USAddress/ZIPCd	0	605323218
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	9AF534965A17ABC13F31E5AF1C25299A980541DD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	9AF534965A17ABC13F31E5AF1C25299A980541DD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	67.184.4.244
ReturnHeader/FilingSecurityInformation/IPDt	0	2017-05-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	PD
ReturnHeader/FilingSecurityInformation/IPTm	0	10:22:34
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Midwest Group Accounting & Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	2029 Ogden Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Lisle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	60532
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6305152180
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2017-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	DARIO DELFIACCO CPA
ReturnHeader/ReturnTs	0	2017-05-10T10:22:55-07:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/TaxPeriodBeginDt	0	2016-01-01
ReturnHeader/TaxPeriodEndDt	0	2016-12-31
ReturnHeader/TaxYr	0	2016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $102,534
Liabilities: $0
Net assets: $102,534
Revenue: $534,013
Expenses: $563,564
Net income: -$29,551

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.04	$0.76	$0.72	$1.75	$1.76	$0.01
2023Detailed filing. Detailed filing data is available for this year.	$0.05	$0.76	$0.71	$4.14	$4.38	$0.24
2022Detailed filing. Detailed filing data is available for this year.	$0.29	$0.76	$0.47	$3.45	$2.84	$0.61
2021Detailed filing. Detailed filing data is available for this year.	$0.47	$1.55	$1.08	$1.88	$1.79	$0.09
2020Detailed filing. Detailed filing data is available for this year.	$0.38	$1.55	$1.17	$3.43	$3.22	$0.21
2019Detailed filing. Detailed filing data is available for this year.	$0.12	$1.50	$1.38	$6.78	$8.40	$1.62
2018Detailed filing. Detailed filing data is available for this year.	$0.25	$0.00	$0.25	$6.30	$7.18	$0.88
2017Detailed filing. Detailed filing data is available for this year.	$1.13	$0.00	$1.13	$4.66	$4.56	$0.11
2016Detailed filing. Detailed filing data is available for this year.	$1.03	$0.00	$1.03	$5.34	$5.64	$0.30
2015Detailed filing. Detailed filing data is available for this year.	$1.32	$0.00	$1.32	$5.81	$5.09	$0.71