Civic Intelligence

Bittersweet Foundation

990EZ • Fiscal year 2020 • EIN 46-1502118

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

3001 N Street SEWashington, DC 20019-2142

(303) 904-2821

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.03x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-33%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$68,187

Up $13,344 (+24%) from 2019

Net Assets

Up

$65,083

Up $11,754 (+22%) from 2019

Liabilities

Up

$3,104

Up $1,590 (+105%) from 2019

Revenue

Down

$90,893

Down $45,458 (-33%) from 2019

Expenses

Down

$79,139

Down $13,582 (-15%) from 2019

Net Income

Down

$11,754

Down $31,876 (-73%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2018: $11,792Liabilities 2018: $11,792Net Assets 2018: $02018Assets 2019: $54,843Liabilities 2019: $1,514Net Assets 2019: $53,3292019Assets 2020: $68,187Liabilities 2020: $3,104Net Assets 2020: $65,0832020Assets 2021: $80,138Liabilities 2021: $7,012Net Assets 2021: $73,1262021Assets 2022: $143,843Liabilities 2022: $5,488Net Assets 2022: $138,3552022Assets 2023: $35,920Liabilities 2023: $4,051Net Assets 2023: $31,8692023Assets 2024: $83,263Liabilities 2024: $1,246Net Assets 2024: $82,0172024

Highlighted filing

2020

Assets$68,187
Liabilities$3,104
Net Assets$65,083

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2018: $137,657Expenses 2018: $141,400Net Income 2018: -$3,7432018Revenue 2019: $136,351Expenses 2019: $92,721Net Income 2019: $43,6302019Revenue 2020: $90,893Expenses 2020: $79,139Net Income 2020: $11,7542020Revenue 2021: $56,192Expenses 2021: $48,149Net Income 2021: $8,0432021Revenue 2022: $176,164Expenses 2022: $110,935Net Income 2022: $65,2292022Revenue 2023: $50,252Expenses 2023: $156,738Net Income 2023: -$106,4862023Revenue 2024: $203,553Expenses 2024: $153,405Net Income 2024: $50,1482024

Highlighted filing

2020

Revenue$90,893
Expenses$79,139
Net Income$11,754
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$90,893
Mission and Program Overview

Mission

Bittersweet foundation is a not-for-profit which features organizations doing inspiring and much needed work in response to the critical social issues of our day by publishing monthly stories centered around four globally-relevant themes: human rights, economic empowerment, public health, and community development. Topics range from refugee care to financial literacy, food deserts to elder care, anti-trafficking to housing for the homeless and more.

Program Services

DescriptionGrantsExpenses
NEWSLETTERS AND PODCASTS$0$79,139
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHERINE SCHMIDGALLPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Bittersweet Foundation
EIN
46-1502118
Phone
3039042821
Address
3001 N STREET SE, WASHINGTON, DC 20019-2142

Signing Officer

Name
Katherine Schmidgall
Title
President
Phone
3039042821
Signed
2021-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Saunders Strode & Trawick Pa
Address
130 CHARLOIS BLVD SUITE 100, WINSTONSALEM, NC 27103
Preparer
Michael a Trawick
Phone
3367652700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 40. Description: royalties. Amount: 327. Total included on form 990-ez, line 4: 367.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: sales of product revenue. Amount: 546.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank charges. Amount: 487. Description: business expenses. Amount: 178. Description: fees. Amount: 130. Description: operations expense. Amount: 9,266. Total to form 990-ez, line 16: 10,061.

Form 990-ez, Part II, Line 24 - Other Assets

Description: payroll tax refund due. Beg. Of year amount: 0. End of year amount: 51.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable and accrued liabilities. Beg. Of year amount: 1,514. End of year amount: 3,104.

Raw XML Appendix145 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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IRS990EZ/BooksInCareOfDetail/PhoneNum03039042821
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020019
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt065083
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt053329
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt065083
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0BITTERSWEET FOUNDATION IS A NOT-FOR-PROFIT WHICH FEATURES ORGANIZATIONS DOING INSPIRING AND MUCH NEEDED WORK IN RESPONSE TO THE CRITICAL SOCIAL ISSUES OF OUR DAY BY PUBLISHING MONTHLY STORIES CENTERED AROUND FOUR GLOBALLY-RELEVANT THEMES: HUMAN RIGHTS, ECONOMIC EMPOWERMENT, PUBLIC HEALTH, AND COMMUNITY DEVELOPMENT. TOPICS RANGE FROM REFUGEE CARE TO FINANCIAL LITERACY, FOOD DESERTS TO ELDER CARE, ANTI-TRAFFICKING TO HOUSING FOR THE HOMELESS AND MORE.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0429722
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IRS990ScheduleA/TotalSupportAmt0429722
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 40. DESCRIPTION: ROYALTIES. AMOUNT: 327. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 367.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SALES OF PRODUCT REVENUE. AMOUNT: 546.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: BANK CHARGES. AMOUNT: 487. DESCRIPTION: BUSINESS EXPENSES. AMOUNT: 178. DESCRIPTION: FEES. AMOUNT: 130. DESCRIPTION: OPERATIONS EXPENSE. AMOUNT: 9,266. TOTAL TO FORM 990-EZ, LINE 16: 10,061.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: PAYROLL TAX REFUND DUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 51.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES. BEG. OF YEAR AMOUNT: 1,514. END OF YEAR AMOUNT: 3,104.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
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ReturnHeader/PreparerPersonGrp/PhoneNum03367652700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL A TRAWICK
ReturnHeader/ReturnTs02021-11-12T13:17:18-06:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings