Civic Intelligence

The Probitas Foundation Ltd

990PF • Fiscal year 2023 • EIN 45-3804704

Aug 01, 2022 to Jul 31, 2023 • Filed on Nov 29, 2023

Organization Profile
47 Plaza Street West - PenthouseBrooklyn, NY 11217

(917) 751-5013

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

2023 filings • <$500k nonprofits • Source year 2023

Asset Growth

3rd percentile

-100%

Faster asset growth than 3% of similar nonprofits.

2023 filings • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

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

Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $13,933 (-100%) from 2022

Net Assets

Down

$0

Down $13,933 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Up

$13,933

Up $9,588 (+221%) from 2022

Net Income

Down

-$13,933

Down $9,588 (-221%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$1.5M$1.0M$500K$0Assets 2012: $22,618Liabilities 2012: $02012Assets 2013: $19,840Liabilities 2013: $0Net Assets 2013: $19,8402013Assets 2014: $11,755Liabilities 2014: $0Net Assets 2014: $11,7552014Assets 2015: $4,630Liabilities 2015: $0Net Assets 2015: $4,6302015Assets 2016: $7,250Liabilities 2016: $0Net Assets 2016: $7,2502016Assets 2017: $254,475Liabilities 2017: $0Net Assets 2017: $254,4752017Assets 2018: $553,945Liabilities 2018: $0Net Assets 2018: $553,9452018Assets 2019: $825,776Liabilities 2019: $0Net Assets 2019: $825,7762019Assets 2020: $1,034,235Liabilities 2020: $0Net Assets 2020: $1,034,2352020Assets 2021: $18,278Liabilities 2021: $0Net Assets 2021: $18,2782021Assets 2022: $13,933Liabilities 2022: $0Net Assets 2022: $13,9332022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $25,000Expenses 2012: $2,382Net Income 2012: $22,6182012Expenses 2013: $185,4382013Revenue 2014: $141,550Expenses 2014: $149,635Net Income 2014: -$8,0852014Revenue 2015: $141,550Expenses 2015: $148,675Net Income 2015: -$7,1252015Revenue 2016: $150,445Expenses 2016: $147,825Net Income 2016: $2,6202016Revenue 2017: $250,000Expenses 2017: $2,775Net Income 2017: $247,2252017Revenue 2018: $306,606Expenses 2018: $7,136Net Income 2018: $299,4702018Revenue 2019: $391,252Expenses 2019: $5,986Net Income 2019: $385,2662019Revenue 2020: $414,604Expenses 2020: $49,632Net Income 2020: $364,9722020Revenue 2021: $60,004Expenses 2021: $1,075,961Net Income 2021: -$1,015,9572021Revenue 2022: $0Expenses 2022: $4,345Net Income 2022: -$4,3452022Revenue 2023: $0Expenses 2023: $13,933Net Income 2023: -$13,9332023

Highlighted filing

2023

Revenue$0
Expenses$13,933
Net Income-$13,933
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Nov 29, 2023
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALAIN BOURGEOISDirector/President-$0--
CLAIRE BOURGEOISDirector/VP-$0--
ALEXANDER BOURGEOISDirector/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Probitas Foundation Ltd
EIN
45-3804704
Phone
9177515013
Address
47 PLAZA STREET WEST - PENTHOUSE, BROOKLYN, NY 11217

Signing Officer

Name
Alain Bourgeois
Title
President
Phone
9177515013
Signed
2023-11-29
Discuss with paid preparer
Yes

Preparer

Firm
David J Silverman & Company Ea LLC
Address
2875 SOUTH OCEAN BLVD, PALM BEACH, FL 33480
Preparer
David J Silverman Eallc
Phone
2127526983
Raw XML Appendix261 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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LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt011058
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
LiquidationExplanationStmt/ExplanationTxt0THE PROBITAS FOUNDATION, LTD. EIN: 45-3804704 IRS FORM 990-PF - STATEMENT 4 STATEMENT CONCERNING LIQUIDATION, TERMINATION, ETC. PART VI-A, LINE 5 THROUGH RESOLUTIONS ADOPTED VIA UNANIMOUS WRITTEN CONSENT DATED JULY 21, 2023 (THE "BOARD CONSENT"), THE BOARD OF DIRECTORS OF THE PROBITAS FOUNDATION, LTD. (THE "FOUNDATION") APPROVED A PLAN OF DISSOLUTION AND HENCE THE DISSOLUTION OF THE FOUNDATION, IN LIGHT OF THE FACT THAT IT NO LONGER HAD ANY ASSETS. IN ADDITION, THROUGH RESOLUTIONS ADOPTED VIA UNANIMOUS WRITTEN CONSENT DATED JULY 21, 2023 (THE "MEMBER CONSENT"), THE FOUNDATION'S MEMBERS APPROVED THE PLAN OF DISSOLUTION AND HENCE THE DISSOLUTION OF THE FOUNDATION. COPIES OF THE BOARD CONSENT, THE MEMBER CONSENT AND THE FINAL, SIGNED PLAN OF DISSOLUTION ARE ATTACHED TO THIS STATEMENT. DURING ITS FISCAL YEAR ENDING OCTOBER 31, 2021, THE FOUNDATION DISTRIBUTED $1,071,085 IN CASH TO THE FOLLOWING THREE ORGANIZATIONS, LEAVING A NET ASSET BALANCE OF $18,278 AS OF OCTOBER 31, 2021 TO PAY ITS WIND-DOWN EXPENSES: 1. $130,000 NORWALK HOSPITAL FOUNDATION, 34 MAPLE STREET, NORWALK, CT 06850; 2. $100,000 FUND FOR THE CITY OF NEW YORK, 121 AVENUE OF THE AMERICAS, NEW YORK, NY 10013; AND 3. $841,085 MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST, INC. (F/B/O PROBITAS THE BOURGEOIS FAMILY FUND), 2000 WESTCHESTER AVENUE, PURCHASE, NY 10577. IN SATISFACTION OF THE REQUIREMENTS OF SECTION 507(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), EACH OF THESE ORGANIZATIONS IS A TAX-EXEMPT PUBLIC CHARITY DESCRIBED IN SECTION 170(B)(1)(A)(VI) OF THE CODE, AND HAD BEEN IN EXISTENCE AND SO DESCRIBED FOR A PERIOD OF AT LEAST 60 CALENDAR MONTHS IMMEDIATELY PRECEDING THE RELEVANT CASH DISTRIBUTION. THE FOUNDATION SPENT ITS NET ASSET BALANCE OF $18,278 DURING ITS FISCAL YEAR ENDING OCTOBER 31, 2022 AND SHORT FISCAL YEAR BEGINNING NOVEMBER 1, 2022 FOR THE FOLLOWING WIND-DOWN EXPENSES: (1) ACCOUNTING FEES $6,500; (2) LEGAL FEES $11,058; (3) NEW YORK STATE ATTORNEY GENERAL'S OFFICE FEE $25; AND (4) BANK FEES $695. AFTER DISTRIBUTING ITS ASSETS IN FULL, THE FOUNDATION CLOSED ITS BANK ACCOUNT ON AUGUST 16,2023. THE FOUNDATION FILED A CERTIFICATE OF DISSOLUTION WITH THE NEW YORK DEPARTMENT OF STATE ON NOVEMBER 22,2023, A COPY OF WHICH IS ATTACHED TO THIS STATEMENT.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0375
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0375
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAIN BOURGEOIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09177515013
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PROBITAS FOUNDATION LTD
ReturnHeader/Filer/BusinessNameControlTxt0PROB
ReturnHeader/Filer/EIN0453804704
ReturnHeader/Filer/PhoneNum09177515013
ReturnHeader/Filer/USAddress/AddressLine1Txt047 PLAZA STREET WEST - PENTHOUSE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011217
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870826885
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID J SILVERMAN & COMPANY EA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02875 SOUTH OCEAN BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PALM BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033480
ReturnHeader/PreparerPersonGrp/PhoneNum02127526983
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J SILVERMAN EALLC
ReturnHeader/ReturnTs02023-11-29T11:20:22-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALAIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOURGEOIS
ReturnHeader/TaxPeriodBeginDt02022-11-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$13,933
Net income
-$13,933
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.01$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.06$1.08$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.03$0.00$1.03$0.41$0.05$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$0.39$0.01$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.55$0.00$0.55$0.31$0.01$0.30
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.25$0.00$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.15$0.15$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.14$0.15$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.14$0.15$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.19
2012Summary only. Only limited summary data is available for this year.$0.02$0.00$0.03$0.00$0.02