Civic Intelligence

14 Plus Foundation Inc.

990 • Fiscal year 2015 • EIN 45-5559740

May 01, 2014 to Apr 30, 2015 • Filed on Mar 15, 2016

14 Wall Street 2nd FloorNew York, NY 10005

(212) 709-2549

Siviq Scores

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

Liabilities / Assets

56th percentile

0.05x

Higher debt load relative to assets than 56% of similar nonprofits.

2015 filings • NTEE Q • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2015 filings • NTEE Q • $1M-$5M nonprofits • Source year 2015

Net Margin

46th percentile

1.2%

Higher net margin than 46% of similar nonprofits.

2015 filings • NTEE Q • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2015 filings • NTEE Q • $1M-$5M nonprofits • Source year 2015

Asset Growth

63rd percentile

18%

Faster asset growth than 63% of similar nonprofits.

2015 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

97%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$176,316

Up $26,399 (+18%) from 2014

Net Assets

Up

$167,816

Up $17,899 (+12%) from 2014

Liabilities

Up

$8,500

Up $8,500 from 2014

Revenue

Up

$877,212

Up $430,952 (+97%) from 2014

Expenses

Up

$866,356

Up $517,374 (+148%) from 2014

Net Income

Down

$10,856

Down $86,422 (-89%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $52,639Liabilities 2013: $02013Assets 2014: $149,917Liabilities 2014: $0Net Assets 2014: $149,9172014Assets 2015: $176,316Liabilities 2015: $8,500Net Assets 2015: $167,8162015Assets 2016: $230,391Liabilities 2016: $8,700Net Assets 2016: $221,6912016Assets 2017: $136,737Liabilities 2017: $6,000Net Assets 2017: $130,7372017Assets 2018: $161,896Liabilities 2018: $26,975Net Assets 2018: $134,9212018Assets 2019: $193,461Liabilities 2019: $8,400Net Assets 2019: $185,0612019Assets 2020: $169,367Liabilities 2020: $9,300Net Assets 2020: $160,0672020Assets 2021: $224,564Liabilities 2021: $7,300Net Assets 2021: $217,2642021Assets 2022: $82,914Liabilities 2022: $157,800Net Assets 2022: -$74,8862022Assets 2023: $202,000Liabilities 2023: $13,925Net Assets 2023: $188,0752023Assets 2024: $466,896Liabilities 2024: $99,538Net Assets 2024: $367,3582024

Highlighted filing

2015

Assets$176,316
Liabilities$8,500
Net Assets$167,816

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $105,340Expenses 2013: $52,702Net Income 2013: $52,6382013Revenue 2014: $446,260Expenses 2014: $348,982Net Income 2014: $97,2782014Revenue 2015: $877,212Expenses 2015: $866,356Net Income 2015: $10,8562015Revenue 2016: $610,358Expenses 2016: $556,601Net Income 2016: $53,7572016Revenue 2017: $651,614Expenses 2017: $742,568Net Income 2017: -$90,9542017Revenue 2018: $760,798Expenses 2018: $756,614Net Income 2018: $4,1842018Revenue 2019: $757,703Expenses 2019: $707,563Net Income 2019: $50,1402019Revenue 2020: $690,160Expenses 2020: $715,154Net Income 2020: -$24,9942020Revenue 2021: $301,149Expenses 2021: $243,952Net Income 2021: $57,1972021Revenue 2022: $153,428Expenses 2022: $445,578Net Income 2022: -$292,1502022Revenue 2023: $821,738Expenses 2023: $558,777Net Income 2023: $262,9612023Revenue 2024: $699,843Expenses 2024: $428,417Net Income 2024: $271,4262024

Highlighted filing

2015

Revenue$877,212
Expenses$866,356
Net Income$10,856
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Mar 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,290,127
Mission and Program Overview

Mission

14+ Foundation, a 501(c)(3) organization, was founded in 2012 by Joseph Mizzi and Nchimunya Wulf to fund the development, building and operation of schools and orphanages for children in rural African communities.The organization and its initiatives are centered on the following core beliefs: empowering children through education; volunteerism and working with others to realize common goals; achieving a meaningful engagement with the communities it serves; the importance of arts-based education; and that quality design can inspire and make a difference.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$12,000$130,000▲ $118,000
Cash and Non-Interest-Bearing Accounts$149,917$45,315▼ $104,602
Savings and Temporary Cash Investments-$1,001-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$161,917$176,316▲ $14,399
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,957$8,500▲ $3,543
Total Liabilities$4,957$8,500▲ $3,543
Net Assets / Fund Balance
Unrestricted Net Assets$156,960$167,816▲ $10,856
Total Net Assets Fund Balance$156,960$167,816▲ $10,856
Total Liabilities and Net Assets / Fund Balance$161,917$176,316▲ $14,399
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vinay AdenwalaDirector of Ops
Joseph MizziCEO&co-founder
Nchimunya WulfExec.Dir&Co-FDR
Marla BienvenidaSecretary
Mary KwonSr. Assoc.
Revenue and Support

Revenue Composition

Contributions and Grants
$895,127
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-17,915
All Other Contributions
$427,105
Change in Net Assets
$10,856

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art3$340,000Sale Proceeds
Total Noncash Contributions3$340,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,212
Revenue Not Reported on Financial Statements
$340,000
Revenue Not Reported on Form 990
$340,000
Other Revenue Adjustments
$340,000
Total Revenue per Audited Statements
$877,212
Total Revenue per Form 990
$877,212
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$727,810
Other Expenses$138,546
Total Fundraising Expense$13,440
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$727,810--$727,810
Fees for Services Other$73,280$8,025-$81,305
Travel$16,454-$12,265$28,719
Office Expenses-$3,593-$3,593
Insurance-$2,793-$2,793
Advertising--$1,175$1,175
Other Expenses$16,123$1,059-$1,059
Total Functional Expenses$833,667$19,249$13,440$866,356

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$866,356
Total Expenses per Audited Statements$866,356
Total Expenses per Form 990$866,356
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$72,915
Fundraising Gross Income$55,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
10/2 Cocktail Benefit$517,374$55,000$5,727$49,273
5/4 Event$5,648-$6,911-
Total Events$523,022$55,000$72,915$-17,915
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is circulated to all 3 board members (governing body) for review and feedback prior to sending off to the IRS.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are available at our headquarters in NYC and can be provided upon e-mail or phone request.

Filing and Contact Details

Filer

Filer Name
14 Plus Foundation Inc
EIN
45-5559740
Phone
2127092549
Address
14 WALL STREET 2ND FLOOR, NEW YORK, NY 10005

Signing Officer

Name
Joseph Mizzi
Title
CEO&co-founder
Signed
2016-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Mizzi
Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15

Preparer

Firm
Gary S Eisenkraft CPA
Address
271 Madison Avenue Suite 1105, New York, NY 10016
Preparer
Gary S Eisenkraft CPA
Phone
2126892655
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

DONATED ART $340000

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Sale of donated art $340000

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IRS990/MissionDesc014+ Foundation, a 501(c)(3) organization, was founded in 2012 by Joseph Mizzi and Nchimunya Wulf to fund the development, building and operation of schools and orphanages for children in rural African communities.The organization and its initiatives are centered on the following core beliefs: empowering children through education; volunteerism and working with others to realize common goals; achieving a meaningful engagement with the communities it serves; the importance of arts-based education; and that quality design can inspire and make a difference.
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt010856
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01001
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0895127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0434197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0105340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01434664
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01429699
IRS990ScheduleA/SubstantialContributorsTotAmt04965
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0895127
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0434197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0105340
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01434664
IRS990ScheduleA/TotalSupportAmt01446727
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt012063
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt012063
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0866356
IRS990ScheduleD/OtherRevenueAmt0340000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0340000
IRS990ScheduleD/RevenueNotReportedAmt0340000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0340000
IRS990ScheduleD/RevenueSubtotalAmt0537212
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DONATED ART $340000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALE OF DONATED ART $340000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalExpensesPerForm990Amt0866356
IRS990ScheduleD/TotalRevenuePerForm990Amt0877212
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0877212
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0866356
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Construction and op
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Zambia, Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0468022
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0462374
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt05648
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt072915
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02625
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt0333
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02958
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm010/2 Cocktail Benefit
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm05/4 Event
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02414
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0300
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02714
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0517374
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05648
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0523022
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-17915
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012638
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05727
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06911
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt052065
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02540
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt054605
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990ScheduleM/WorksOfArtGrp/ContributionCnt03
IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0SALE PROCEEDS
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt0340000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is circulated to all 3 board members (governing body) for review and feedback prior to sending off to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents are available at our headquarters in NYC and can be provided upon e-mail or phone request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0161917
IRS990/TotalAssetsEOYAmt0176316
IRS990/TotalAssetsGrp/BOYAmt0161917
IRS990/TotalAssetsGrp/EOYAmt0176316
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0895127
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013440
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019249
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0833667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0866356
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04957
IRS990/TotalLiabilitiesEOYAmt08500
IRS990/TotalLiabilitiesGrp/BOYAmt04957
IRS990/TotalLiabilitiesGrp/EOYAmt08500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0156960
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0167816
IRS990/TotalProgramServiceExpensesAmt0833667
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0877212
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0161917
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0176316
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt012265
IRS990/TravelGrp/ProgramServicesAmt016454
IRS990/TravelGrp/TotalAmt028719
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0156960
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0167816

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