Civic Intelligence

Michael Racanelli Forever Young Foundation

990PF • Fiscal year 2019 • EIN 45-5216022

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 24, 2020

Organization Profile
255 Lakeview Ave WestBrightwaters, NY 11718

(917) 881-7243

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Net Margin

39th percentile

-1.5%

Higher net margin than 39% of similar nonprofits.

2019 filings • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • <$500k nonprofits • Source year 2019

Asset Growth

46th percentile

-0.2%

Faster asset growth than 46% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

116%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$76,835

Down $130 (-0.2%) from 2018

Net Assets

Down

$76,835

Down $130 (-0.2%) from 2018

Liabilities

Up

$1

Up $1 from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin39th percentile

Revenue

Up

$8,453

Up $4,546 (+116%) from 2018

Expenses

Down

$8,583

Down $2,352 (-22%) from 2018

Net Income

Up

-$130

Up $6,898 (+98%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$100K$50K$0Assets 2012: $88,131Liabilities 2012: $02012Assets 2013: $93,941Liabilities 2013: $1Net Assets 2013: $93,9412013Assets 2014: $86,650Liabilities 2014: $1Net Assets 2014: $86,6502014Assets 2015: $98,880Liabilities 2015: $1Net Assets 2015: $98,8802015Assets 2016: $95,787Liabilities 2016: $0Net Assets 2016: $95,7872016Assets 2017: $83,993Liabilities 2017: $0Net Assets 2017: $83,9932017Assets 2018: $76,965Liabilities 2018: $0Net Assets 2018: $76,9652018Assets 2019: $76,835Liabilities 2019: $1Net Assets 2019: $76,8352019Assets 2020: $72,266Liabilities 2020: $1Net Assets 2020: $72,2662020

Highlighted filing

2019

Assets$76,835
Liabilities$1
Net Assets$76,835
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$100K$50K$0-$50KRevenue 2012: $90,506Expenses 2012: $2,375Net Income 2012: $88,1312012Revenue 2013: $12,748Expenses 2013: $6,938Net Income 2013: $5,8102013Revenue 2014: $5,209Expenses 2014: $12,500Net Income 2014: -$7,2912014Revenue 2015: $26,680Expenses 2015: $14,450Net Income 2015: $12,2302015Revenue 2016: $9,851Expenses 2016: $12,944Net Income 2016: -$3,0932016Revenue 2017: $5,622Expenses 2017: $17,416Net Income 2017: -$11,7942017Revenue 2018: $3,907Expenses 2018: $10,935Net Income 2018: -$7,0282018Revenue 2019: $8,453Expenses 2019: $8,583Net Income 2019: -$1302019Revenue 2020: $97Expenses 2020: $4,666Net Income 2020: -$4,5692020

Highlighted filing

2019

Revenue$8,453
Expenses$8,583
Net Income-$130
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 24, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL RACANELLITrustee-$0--
BARBARA RACANELLITrustee-$0--
NICHOLAS RACANELLITrustee-$0--
MATTHEW RACANELLITrustee-$0--
Filing and Contact Details

Filer

Filer Name
Michael Racanelli
EIN
45-5216022
Phone
9178817243
Address
255 LAKEVIEW AVE WEST, BRIGHTWATERS, NY 11718

Signing Officer

Name
Michael Racanelli
Title
Trustee
Phone
9178817243
Signed
2020-08-24
Discuss with paid preparer
Yes

Preparer

Firm
Albrecht Viggiano Zureck & Co Pc
Address
25 SUFFOLK COURT, HAUPPAUGE, NY 11788
Preparer
Charles Mattern
Phone
6314349500
Raw XML Appendix319 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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ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RACANELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum09178817243
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHAEL RACANELLI
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOREVER YOUNG FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
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ReturnHeader/FilingSecurityInformation/IPDt02020-08-24
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ReturnHeader/FilingSecurityInformation/IPTm009:03:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112556624
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALBRECHT VIGGIANO ZURECK & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025 SUFFOLK COURT
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011788
ReturnHeader/PreparerPersonGrp/PhoneNum06314349500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES MATTERN
ReturnHeader/ReturnTs02020-09-22T13:08:37-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,835
Liabilities
$1
Net assets
$76,835
Revenue
$8,453
Expenses
$8,583
Net income
-$130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$72.3$0.00$72.3$0.10$4.67$4.57
2019Detailed filing. Detailed filing data is available for this year.$76.8$0.00$76.8$8.45$8.58$0.13
2018Detailed filing. Detailed filing data is available for this year.$77.0$0.00$77.0$3.91$10.9$7.03
2017Detailed filing. Detailed filing data is available for this year.$84.0$0.00$84.0$5.62$17.4$11.8
2016Detailed filing. Detailed filing data is available for this year.$95.8$0.00$95.8$9.85$12.9$3.09
2015Detailed filing. Detailed filing data is available for this year.$98.9$0.00$98.9$26.7$14.5$12.2
2014Detailed filing. Detailed filing data is available for this year.$86.7$0.00$86.7$5.21$12.5$7.29
2013Detailed filing. Detailed filing data is available for this year.$93.9$0.00$93.9$12.7$6.94$5.81
2012Summary only. Only limited summary data is available for this year.$88.1$0.00$90.5$2.38$88.1