Civic Intelligence

Wx Charitable Fund Ltd

990EZ • Fiscal year 2022 • EIN 45-1019064

Jul 01, 2021 to Feb 08, 2022 • Filed on Jun 17, 2022

380 Lexington Avenue 1505New York, NY 10168

(212) 450-7300

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-119729%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-96%

Faster revenue growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $25,143 (-100%) from 2021

Net Assets

Down

$0

Down $25,143 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$21

Down $570 (-96%) from 2021

Expenses

Up

$25,164

Up $25,114 (+50228%) from 2021

Net Income

Down

-$25,143

Down $25,684 (-4748%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $0Liabilities 2011: $02011Assets 2012: $325,440Liabilities 2012: $21,714Net Assets 2012: $303,7262012Assets 2014: $451,631Liabilities 2014: $21,924Net Assets 2014: $429,7072014Assets 2015: $365,468Liabilities 2015: $18,320Net Assets 2015: $347,1482015Assets 2016: $356,019Liabilities 2016: $10,738Net Assets 2016: $345,2812016Assets 2017: $389,884Liabilities 2017: $34,124Net Assets 2017: $355,7602017Assets 2018: $375,881Liabilities 2018: $11,913Net Assets 2018: $363,9682018Assets 2019: $116,378Liabilities 2019: $10,663Net Assets 2019: $105,7152019Assets 2020: $28,248Liabilities 2020: $3,646Net Assets 2020: $24,6022020Assets 2021: $25,143Liabilities 2021: $0Net Assets 2021: $25,1432021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $325,440Expenses 2012: $21,714Net Income 2012: $303,7262012Revenue 2014: $211,104Expenses 2014: $232,296Net Income 2014: -$21,1922014Revenue 2015: $11,552Expenses 2015: $94,111Net Income 2015: -$82,5592015Revenue 2016: $284,799Expenses 2016: $286,666Net Income 2016: -$1,8672016Revenue 2017: $311,099Expenses 2017: $300,620Net Income 2017: $10,4792017Revenue 2018: $317,479Expenses 2018: $309,271Net Income 2018: $8,2082018Revenue 2019: $3,884Expenses 2019: $262,137Net Income 2019: -$258,2532019Revenue 2020: $865Expenses 2020: $81,978Net Income 2020: -$81,1132020Revenue 2021: $591Expenses 2021: $50Net Income 2021: $5412021Revenue 2022: $21Expenses 2022: $25,164Net Income 2022: -$25,1432022

Highlighted filing

2022

Revenue$21
Expenses$25,164
Net Income-$25,143
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Feb 8, 2022
Signed
Jun 17, 2022
Return Version
2021v4.2
Gross Receipts
$21
Mission and Program Overview

Mission

Working closely with wx inc., the wx charitable fund provides scholarships to programs which support the career development of young women pursuing careers in commercial real estate.

Working closely with wx inc., the wx charitable fund provided scholarships to programs which supported the career development of young women pursuing careers in commercial real estate. The fund was approved for dissolution in 2022 and assets were fully liquidated as of february 2022.

Program Services

DescriptionGrantsExpenses
SCHOLARSHIPS AND GRANTS PROGRAM: WAS A KEY PRIORITY OF THE FUND AND WAS DESIGNED TO ENCOURAGE AND SUPPORT BRIGHT AND TALENTED YOUNG WOMEN IN THEIR PURSUIT OF CAREERS IN REAL ESTATE AND REAL ESTATE RELATED PROFESSIONS. THE FUND AWARDED SCHOLARSHIPS ON AN ANNUAL BASIS TO PROMISING STUDENTS STUDYING REAL ESTATE IN AN UNDERGRADUATE OR GRADUATE PROGRAM.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SONIA BAINPresident & Director-$0--
JENNIFER SCHWARTZMANVice President & Director-$0--
JULIE WONGTreasurer & Director-$0--
Filing and Contact Details

Filer

Filer Name
Wx Charitable Fund Ltd
EIN
45-1019064
Phone
2124507300
Address
380 LEXINGTON AVENUE 1505, NEW YORK, NY 10168

Signing Officer

Name
Julie Wong
Title
Treasurer
Phone
2124507300
Signed
2022-06-17
Discuss with paid preparer
Yes

Preparer

Firm
Cerini & Associates Llp
Address
3340 VETERANS MEMORIAL HWY, BOHEMIA, NY 11716
Preparer
Tania Quigley
Phone
6315821600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8 - Other Revenue

Description: interest income. Amount: 21.

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

Description: legal expenses. Amount: 214. Description: bank charges. Amount: 5. Description: management fees. Amount: 24,945. Total to form 990-ez, line 16: 25,164.

Raw XML Appendix166 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 BERMAN GROUP
IRS990EZ/BooksInCareOfDetail/PhoneNum02124507300
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0380 LEXINGTON AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010168
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt025143
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt00
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-25143
IRS990EZ/FiledScheduleAInd01
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt025143
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/GrossReceiptsAmt021
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt025143
IRS990EZ/NetAssetsOrFundBalancesEOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt025143
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SONIA BAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JENNIFER SCHWARTZMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JULIE WONG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT & DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER & DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd01
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt025164
IRS990EZ/OtherRevenueTotalAmt021
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0WORKING CLOSELY WITH WX INC., THE WX CHARITABLE FUND PROVIDED SCHOLARSHIPS TO PROGRAMS WHICH SUPPORTED THE CAREER DEVELOPMENT OF YOUNG WOMEN PURSUING CAREERS IN COMMERCIAL REAL ESTATE. THE FUND WAS APPROVED FOR DISSOLUTION IN 2022 AND ASSETS WERE FULLY LIQUIDATED AS OF FEBRUARY 2022.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SCHOLARSHIPS AND GRANTS PROGRAM: WAS A KEY PRIORITY OF THE FUND AND WAS DESIGNED TO ENCOURAGE AND SUPPORT BRIGHT AND TALENTED YOUNG WOMEN IN THEIR PURSUIT OF CAREERS IN REAL ESTATE AND REAL ESTATE RELATED PROFESSIONS. THE FUND AWARDED SCHOLARSHIPS ON AN ANNUAL BASIS TO PROMISING STUDENTS STUDYING REAL ESTATE IN AN UNDERGRADUATE OR GRADUATE PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt025164
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt021
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.WXNYRE.COM
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017659
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0317160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0334819
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0591
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0865
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt03884
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0319
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0591
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0865
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt03884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0319
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05680
IRS990ScheduleA/InvestmentIncomeCYPct00.01670
IRS990ScheduleA/InvestmentIncomePYPct00.01190
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98330
IRS990ScheduleA/PublicSupportPY509Pct00.98810
IRS990ScheduleA/PublicSupportTotal509Amt0334819
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt017659
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0317160
IRS990ScheduleA/Total509Grp/TotalAmt0334819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0591
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0865
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt021543
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0317479
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0340499
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE TRANSFER OF REMAINING ASSETS WAS NOT MADE AS A DISTRIBUTION OF ASSETS FOR PURPOSES OF DISSOLUTION. RATHER, IT WAS PAYMENT FOR AN OUTSTANDING DEBT WITH WX, INC. SINCE THE FUND DID NOT HAVE ENOUGH ASSETS TO REPAY OUSTANDING DEBT IN FULL, WX, INC. AGREED TO FORGIVE THE UNPAID BALANCE, SUBJECT TO THE FUND REPAYING AS MUCH AS POSSIBLE.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LEGAL EXPENSES. AMOUNT: 214. DESCRIPTION: BANK CHARGES. AMOUNT: 5. DESCRIPTION: MANAGEMENT FEES. AMOUNT: 24,945. TOTAL TO FORM 990-EZ, LINE 16: 25,164.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE WONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02124507300
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WX CHARITABLE FUND LTD
ReturnHeader/Filer/BusinessNameControlTxt0WXCH
ReturnHeader/Filer/EIN0451019064
ReturnHeader/Filer/PhoneNum02124507300
ReturnHeader/Filer/USAddress/AddressLine1Txt0380 LEXINGTON AVENUE 1505
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010168
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113066459
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CERINI & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03340 VETERANS MEMORIAL HWY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOHEMIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011716
ReturnHeader/PreparerPersonGrp/PhoneNum06315821600
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TANIA QUIGLEY
ReturnHeader/ReturnTs02022-06-17T15:44:11-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WONG
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-02-08
ReturnHeader/TaxYr02021

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