Civic Intelligence

The Heron Fund

990 • Fiscal year 2017 • EIN 45-0576935

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 01, 2018

PO Box 811Middletown, NJ 07748

(732) 747-8660

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

68th percentile

13%

Higher net margin than 68% 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

64th percentile

12%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-30%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$306,283

Up $31,668 (+12%) from 2016

Net Assets

Up

$306,283

Up $47,203 (+18%) from 2016

Liabilities

Down

$0

Down $15,535 (-100%) from 2016

Revenue

Down

$354,753

Down $150,566 (-30%) from 2016

Expenses

Down

$307,550

Down $149,440 (-33%) from 2016

Net Income

Down

$47,203

Down $1,126 (-2.3%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2016: $274,615Liabilities 2016: $15,535Net Assets 2016: $259,0802016Assets 2017: $306,283Liabilities 2017: $0Net Assets 2017: $306,2832017Assets 2018: $340,907Liabilities 2018: $0Net Assets 2018: $340,9072018Assets 2019: $253,784Liabilities 2019: $0Net Assets 2019: $253,7842019Assets 2020: $331,762Liabilities 2020: $0Net Assets 2020: $331,7622020Assets 2021: $424,052Liabilities 2021: $0Net Assets 2021: $424,0522021Assets 2022: $47,010Liabilities 2022: $0Net Assets 2022: $47,0102022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Net Assets 2024: $02024

Highlighted filing

2017

Assets$306,283
Liabilities$0
Net Assets$306,283

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $505,319Expenses 2016: $456,990Net Income 2016: $48,3292016Revenue 2017: $354,753Expenses 2017: $307,550Net Income 2017: $47,2032017Revenue 2018: $404,248Expenses 2018: $369,624Net Income 2018: $34,6242018Revenue 2019: $125,653Expenses 2019: $212,776Net Income 2019: -$87,1232019Revenue 2020: $202,063Expenses 2020: $124,085Net Income 2020: $77,9782020Revenue 2021: $324,856Expenses 2021: $232,566Net Income 2021: $92,2902021Revenue 2022: $341,435Expenses 2022: $718,477Net Income 2022: -$377,0422022Revenue 2023: $350,000Expenses 2023: $350,000Net Income 2023: $02023Revenue 2024: $02024

Highlighted filing

2017

Revenue$354,753
Expenses$307,550
Net Income$47,203
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 1, 2018
Return Version
2017v2.2
Gross Receipts
$354,753
Mission and Program Overview

Mission

To provide hunanitarian efforts

To provide hunanitarian efforts to those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$52,425$306,283▲ $253,858
Savings and Temporary Cash Investments$222,190--
Total Assets$274,615$306,283▲ $31,668
Liabilities
Deferred Revenue$15,535--
Total Liabilities$15,535$0▼ $15,535
Net Assets / Fund Balance
Unrestricted Net Assets$259,080$306,283▲ $47,203
Total Net Assets Fund Balance$259,080$306,283▲ $47,203
Total Liabilities and Net Assets / Fund Balance$274,615$306,283▲ $31,668
Compensation and Service Providers

Board Members and Trustees

NameTitle
NoneNone
Revenue and Support

Revenue Composition

Contributions and Grants
$354,753
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$354,753
Change in Net Assets
$47,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$307,550
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
Other Expenses$307,412$0$0$307,412
Office Expenses$138$0$0$138
Total Functional Expenses$307,550$0$0$307,550
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Heron Fund
EIN
45-0576935
Phone
7327478660
Address
PO BOX 811, MIDDLETOWN, NJ 07748

Signing Officer

Name
Franco Sicuro
Title
President
Phone
7327478660
Signed
2018-07-01
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Kelleher Petzold & Co CPA
Address
110 STATE ROUTE 35, RED BANK, NJ 07701
Preparer
Stephen P Kelleher CPA
Phone
7327478660
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by all memebers and officers.

Pt VI, Line 19

The organization documents are openly avalable to the public.

Raw XML Appendix238 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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