Civic Intelligence

The Velshi Wachs Foundation Inc

EIN 45-3459315 • 501(c)3 • New York, NY

Profile

The foundation's primary exempt purpose is to foster greater financial literacy among individuals and investors by providing the information and guidance needed to make better financial decisions in their own lives. In doing so, the foundation aims to alleviate widespread household financial uncertainty by encouraging better-informed financial decision-making.

205 W 76th Street 1101New York, NY 10023

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

3.39x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE B03 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

88th percentile

$0

Higher top officer pay than 88% of similar nonprofits.

NTEE B03 • <$500k nonprofits • Source year 2024

Asset Growth

46th percentile

0.0%

Faster asset growth than 46% of similar nonprofits.

NTEE B03 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Flat

$1,750

Flat from 2023

Liabilities

Flat

$5,935

Flat from 2023

Net Assets

Flat

-$4,185

Flat from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0-$5.0KAssets 2016: $1,742Liabilities 2016: $0Net Assets 2016: $1,7422016Assets 2017: $25Liabilities 2017: $0Net Assets 2017: $252017Assets 2018: $2,050Liabilities 2018: $5,935Net Assets 2018: -$3,8852018Assets 2019: $1,750Liabilities 2019: $5,935Net Assets 2019: -$4,1852019Assets 2020: $1,750Liabilities 2020: $5,935Net Assets 2020: -$4,1852020Assets 2021: $1,750Liabilities 2021: $5,935Net Assets 2021: -$4,1852021Assets 2022: $1,750Liabilities 2022: $5,935Net Assets 2022: -$4,1852022Assets 2023: $1,750Liabilities 2023: $5,935Net Assets 2023: -$4,1852023Assets 2024: $1,750Liabilities 2024: $5,935Net Assets 2024: -$4,1852024

Highlighted filing

2024

Assets$1,750
Liabilities$5,935
Net Assets-$4,185

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2016: $68,737Expenses 2016: $67,620Net Income 2016: $1,1172016Revenue 2017: $35,801Expenses 2017: $37,517Net Income 2017: -$1,7162017Revenue 2018: $41,125Expenses 2018: $45,035Net Income 2018: -$3,9102018Revenue 2019: $13,450Expenses 2019: $13,750Net Income 2019: -$3002019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Mission and Program Overview

Mission

The foundation's primary exempt purpose is to foster greater financial literacy among individuals and investors by providing the information and guidance needed to make better financial decisions in their own lives. In doing so, the foundation aims to alleviate widespread household financial uncertainty by encouraging better-informed financial decision-making.

Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALI VELSHIPresident-$0--
LORI WACHSVice President-$0--
Filing and Contact Details

Filer

Filer Name
The Velshi Wachs Foundation Inc
EIN
45-3459315
Phone
9176692548
Address
205 W 76TH STREET 1101, NEW YORK, NY 10023

Signing Officer

Name
Ali Velshi
Title
President
Signed
2025-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Bunsis & Co Cpas Pc
Address
1 OLD COUNTRY ROAD STE 285, CARLE PLACE, NY 11514
Preparer
Michael O Bunsis
Phone
5167450006
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