Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Bittersweet Foundation
990EZ • Fiscal year 2023 • EIN 46-1502118
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.11x
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
6th percentile
Faster asset growth than 6% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Balance Sheet
Assets
Down$35,920
Down $107,923 (-75%) from 2022
Net Assets
Down$31,869
Down $106,486 (-77%) from 2022
Liabilities
Down$4,051
Down $1,437 (-26%) from 2022
Revenue And Expenses
Revenue
Down$50,252
Down $125,912 (-71%) from 2022
Expenses
Up$156,738
Up $45,803 (+41%) from 2022
Net Income
Down-$106,486
Down $171,715 (-263%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 14, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $50,252
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
| Description | Grants | Expenses |
|---|---|---|
| NEWSLETTERS AND PODCASTS | $0 | $156,738 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| KATHERINE SCHMIDGALL | President | PT | $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
- 2024-11-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Michael a Trawick CPA Pa
- Address
- 155 SUNNYNOLL CT SUITE 102, WINSTONSALEM, NC 27106
- Preparer
- Michael a Trawick
- Phone
- 3367652700
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 4 - Other Investment Income
“Description: interest income. Amount: 53. Description: royalties. Amount: 101. Total included on form 990-ez, line 4: 154.”
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: payroll tax refunds. Amount: 699.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank charges. Amount: 985. Description: fees, dues & licenses. Amount: 280. Description: operations expense. Amount: 29,697. Total to form 990-ez, line 16: 30,962.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: bittersweet collective start-up costs advanced. Beg. Of year amount: 6,350. End of year amount: 0. Description: prepaid credit card expenses. Beg. Of year amount: 0. End of year amount: 1,967.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable and accrued liabilities. Beg. Of year amount: 5,488. End of year amount: 4,051.”
Raw XML Appendix133 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BITTERSWEET FOUNDATION |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3039042821 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3001 N STREET SE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WASHINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | DC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 20019 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 137493 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 33953 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 49399 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -106486 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 58577 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 143843 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 35920 |
| IRS990EZ/GrossReceiptsAmt | 0 | 50252 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 154 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 138355 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 31869 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 138355 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 31869 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | KATHERINE SCHMIDGALL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6350 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1967 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 30962 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 699 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 67199 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | NEWSLETTERS AND PODCASTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 156738 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 5488 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4051 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 156738 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 156738 |
| IRS990EZ/TotalRevenueAmt | 0 | 50252 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | BITTERSWEETMONTHLY.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 49399 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 174190 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 55884 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 89174 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 127699 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 496346 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 496346 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 49399 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 174190 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 55884 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 89174 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 127699 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 496346 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 496346 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 53. DESCRIPTION: ROYALTIES. AMOUNT: 101. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 154. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PAYROLL TAX REFUNDS. AMOUNT: 699. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: BANK CHARGES. AMOUNT: 985. DESCRIPTION: FEES, DUES & LICENSES. AMOUNT: 280. DESCRIPTION: OPERATIONS EXPENSE. AMOUNT: 29,697. TOTAL TO FORM 990-EZ, LINE 16: 30,962. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: BITTERSWEET COLLECTIVE START-UP COSTS ADVANCED. BEG. OF YEAR AMOUNT: 6,350. END OF YEAR AMOUNT: 0. DESCRIPTION: PREPAID CREDIT CARD EXPENSES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,967. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES. BEG. OF YEAR AMOUNT: 5,488. END OF YEAR AMOUNT: 4,051. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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. |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KATHERINE SCHMIDGALL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3039042821 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | BITTERSWEET FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BITT |
| ReturnHeader/Filer/EIN | 0 | 461502118 |
| ReturnHeader/Filer/PhoneNum | 0 | 3039042821 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3001 N STREET SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WASHINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | DC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 200192142 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561274171 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MICHAEL A TRAWICK CPA PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 155 SUNNYNOLL CT SUITE 102 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WINSTONSALEM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27106 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3367652700 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL A TRAWICK |
| ReturnHeader/ReturnTs | 0 | 2024-11-14T11:32:45-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $35,920
- Liabilities
- $4,051
- Net assets
- $31,869
- Revenue
- $50,252
- Expenses
- $156,738
- Net income
- -$106,486