Civic Intelligence

14 Plus Foundation Inc.

990 • Fiscal year 2016 • EIN 45-5559740

May 01, 2015 to Apr 30, 2016 • Filed on Mar 10, 2017

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

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • NTEE Q • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.01x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • NTEE Q • $500k-$1M nonprofits • Source year 2016

Net Margin

64th percentile

8.8%

Higher net margin than 64% of similar nonprofits.

2016 filings • NTEE Q • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2016 filings • NTEE Q • $500k-$1M nonprofits • Source year 2016

Asset Growth

78th percentile

31%

Faster asset growth than 78% of similar nonprofits.

2016 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-30%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$230,391

Up $54,075 (+31%) from 2015

Net Assets

Up

$221,691

Up $53,875 (+32%) from 2015

Liabilities

Up

$8,700

Up $200 (+2.4%) from 2015

Revenue

Down

$610,358

Down $266,854 (-30%) from 2015

Expenses

Down

$556,601

Down $309,755 (-36%) from 2015

Net Income

Up

$53,757

Up $42,901 (+395%) from 2015

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

2016

Assets$230,391
Liabilities$8,700
Net Assets$221,691

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

2016

Revenue$610,358
Expenses$556,601
Net Income$53,757
Jump To
Filing Snapshot
Filing Period
May 1, 2015 to Apr 30, 2016
Signed
Mar 10, 2017
Return Version
2015v3.0
Gross Receipts
$728,249
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
Cash and Non-Interest-Bearing Accounts$45,315$137,728▲ $92,413
Inventories for Sale or Use-$55,000-
Pledges and Grants Receivable$130,000$32,500▼ $97,500
Investments in Publicly Traded Securities-$5,163-
Savings and Temporary Cash Investments$1,001$0▼ $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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$176,316$230,391▲ $54,075
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,500$8,700▲ $200
Total Liabilities$8,500$8,700▲ $200
Net Assets / Fund Balance
Unrestricted Net Assets$167,816$204,494▲ $36,678
Temporarily Rstr Net Assets-$17,197-
Total Net Assets Fund Balance$167,816$221,691▲ $53,875
Total Liabilities and Net Assets / Fund Balance$176,316$230,391▲ $54,075
Compensation and Service Providers

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$650,749
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-40,391
All Other Contributions
$116,457
Change in Net Assets
$53,757

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 Art1$55,000CREATOR'S VALUATION
Total Noncash Contributions1$55,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$610,358
Revenue Not Reported on Form 990
$118
Total Revenue per Audited Statements
$610,476
Total Revenue per Form 990
$610,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$479,886
Other Expenses$76,715
Total Fundraising Expense$10,989
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$479,886--$479,886
Travel$34,465--$34,465
Office Expenses$11,738$1,984-$13,722
Advertising-$632$9,485$10,117
Fees for Services Other-$8,877-$8,877
Insurance-$2,500-$2,500
Other Expenses-$1,805$1,504$1,504
Total Functional Expenses$526,089$19,523$10,989$556,601

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$556,601
Total Expenses per Audited Statements$556,601
Total Expenses per Form 990$556,601
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$117,891
Fundraising Gross Income$77,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cocktail Benefit$591,725$75,000$41,303$33,697
Aim Higher Dinner$20,067$2,500-$2,500
Total Events$611,792$77,500$117,891$-40,391
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
Yes
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 12C: Explanation of Monitoring and Enforcement of Conflicts

The infromation must be shared with the board members who acknowledge the potential conflict and vote to approve or disaprrove.

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
Marla Bienvenida
Title
Secretary
Signed
2017-03-10
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
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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0895127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0434197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0105340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02045022
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01946164
IRS990ScheduleA/SubstantialContributorsTotAmt098858
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0610358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0895127
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0434197
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0105340
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02045022
IRS990ScheduleA/TotalSupportAmt02057085
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt012063
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/ExpensesSubtotalAmt0556601
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0118
IRS990ScheduleD/RevenueNotReportedAmt0118
IRS990ScheduleD/RevenueSubtotalAmt0610358
IRS990ScheduleD/TotalExpensesPerForm990Amt0556601
IRS990ScheduleD/TotalRevenuePerForm990Amt0610358
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0610476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0556601
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0479886
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SCHOOLS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Zambia, Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0534292
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0516725
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt017567
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0117891
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0COCKTAIL BENEFIT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0AIM HIGHER DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt068650
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt068650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0591725
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt020067
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0611792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt075000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt02500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt077500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-40391
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt041303
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt041303
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02938
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07938
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990ScheduleM/WorksOfArtGrp/ContributionCnt01
IRS990ScheduleM/WorksOfArtGrp/MethodOfDeterminingRevenuesTxt0CREATOR'S VALUATION
IRS990ScheduleM/WorksOfArtGrp/NonCashCheckboxInd0X
IRS990ScheduleM/WorksOfArtGrp/NoncashContributionsRptF990Amt055000
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/ExplanationTxt1The infromation must be shared with the board members who acknowledge the potential conflict and vote to approve or disaprrove.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All 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 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt017197
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0176316
IRS990/TotalAssetsEOYAmt0230391
IRS990/TotalAssetsGrp/BOYAmt0176316
IRS990/TotalAssetsGrp/EOYAmt0230391
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0650749
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010989
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019523
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0526089
IRS990/TotalFunctionalExpensesGrp/TotalAmt0556601
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08500
IRS990/TotalLiabilitiesEOYAmt08700
IRS990/TotalLiabilitiesGrp/BOYAmt08500
IRS990/TotalLiabilitiesGrp/EOYAmt08700
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0221691
IRS990/TotalProgramServiceExpensesAmt0526089
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0610358
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176316
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0230391
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt034465
IRS990/TravelGrp/TotalAmt034465
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0167816
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0204494
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014 WLL STREET 2ND FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010005
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.14PLUSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARLA BIENVENIDA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt014 PLUS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt014PL

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