Civic Intelligence

Depart Foundation Inc

EIN 46-3650588 • 501(c)3 • Malibu, CA

Profile

1. Specifically to promote interest in contemporary art,design,architecture and sciences. 2. In furtherance of the above to make contribution of funds to non profit and charitable organizations in the united states and italy, which is dedicated in the development of contemporary artists. 3. To provide grants for research,solicit and collect funds and engage in activities, such as the holding of symposia and informational gatherings for prospective contemporary artists interested in departing from their previous endeavors or predecessors, in order to cultivate, develop and further the knowledge and awareness of non profit and charitable organizations in the united states and italy. 4. To identify strong contemporary artists in the united states and italy for possible enrollment in residency programs. 5. To raise, receive and maintain a fund or funds for, and allocate and apply the principal and income there of for the advancement of the purposes described above

29517 Harvester RoadMalibu, CA 90265

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.76x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

41.32x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

2nd percentile

-4239%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-68%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Down

$91,167

Down $197,752 (-68%) from 2020

Liabilities

Up

$69,213

Up $38,213 (+123%) from 2020

Net Assets

Down

$21,954

Down $235,965 (-91%) from 2020

Revenue

Up

$1,675

Up $1,518,760 (+100%) from 2020

Expenses

Down

$72,671

Down $51,224 (-41%) from 2020

Net Income

Up

-$70,996

Up $1,569,984 (+96%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $1Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $1,515Liabilities 2014: $543Net Assets 2014: $9722014Assets 2015: $1,461,669Liabilities 2015: $684Net Assets 2015: $1,460,9852015Assets 2016: $3,664,042Liabilities 2016: $0Net Assets 2016: $3,664,0422016Assets 2017: $3,657,542Liabilities 2017: $105,712Net Assets 2017: $3,551,8302017Assets 2018: $3,535,806Liabilities 2018: $140,446Net Assets 2018: $3,395,3602018Assets 2019: $1,942,433Liabilities 2019: $43,534Net Assets 2019: $1,898,8992019Assets 2020: $288,919Liabilities 2020: $31,000Net Assets 2020: $257,9192020Assets 2021: $91,167Liabilities 2021: $69,213Net Assets 2021: $21,9542021

Highlighted filing

2021

Assets$91,167
Liabilities$69,213
Net Assets$21,954

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $128,500Expenses 2014: $127,528Net Income 2014: $9722014Revenue 2015: $1,856,660Expenses 2015: $396,647Net Income 2015: $1,460,0132015Revenue 2016: $2,606,300Expenses 2016: $403,243Net Income 2016: $2,203,0572016Revenue 2017: $224,990Expenses 2017: $337,202Net Income 2017: -$112,2122017Revenue 2018: $37,688Expenses 2018: $194,158Net Income 2018: -$156,4702018Revenue 2019: -$687,236Expenses 2019: $209,420Net Income 2019: -$896,6562019Revenue 2020: -$1,517,085Expenses 2020: $123,895Net Income 2020: -$1,640,9802020Revenue 2021: $1,675Expenses 2021: $72,671Net Income 2021: -$70,9962021

Highlighted filing

2021

Revenue$1,675
Expenses$72,671
Net Income-$70,996

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 1, 2022
Return Version
2021v4.0
Gross Receipts
$1,675
Mission and Program Overview

Mission

1. Specifically to promote interest in contemporary art, design, architecture and sciences. 2. In furtherance of the above to make contribution of funds to nonprofit and charitable organizations in the united states and italy, which is dedicated in the development of contemporary artists. 3. To provide grants for research, solicit and collect funds and engage in activities, such as the holding of symposia and informational gatherings for prospective contemporary artists interested in departing from their previous endeavors or predecessors, in order to cultivate, develop and further the knowledge and awareness of non profit and charitable organizations in the united states and italy. 4. To identify strong contemporary artists in the united states and italy for possible enrollment in residency programs. 5. To raise, receive and maintain a fund or funds for, and allocate and apply the principal and income thereof for the advancement of the purposes described above.

1. Specifically to promote interest in contemporary art, design, architecture and sciences. 2. In furtherance of the above to make contribution of funds to nonprofit and charitable organizations in the united states and italy, which is dedicated in the development of contemporary artists. 3. To provide grants for research, solicit and collect funds and engage in activities, such as the holding of symposia and informational gatherings for prospective contemporary artists interested in departing from their previous endeavors or predecessors, in order to cultivate, develop and further the knowledge and awareness of nonprofit and charitable organizations in the united states and italy. 4. To identify strong contemporary artists in the united states and italy for possible enrollment in residency programs. 5. To raise, receive and maintain a fund or funds for, and allocate and apply the principal and income thereof for the advancement of the purposes described above.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$31,000$69,213▲ $38,213
Cash and Non-Interest-Bearing Accounts$107,919$167▼ $107,752
Total Assets$288,919$91,167▼ $197,752
Other Assets Total$181,000$91,000▼ $90,000
Liabilities
Total Liabilities$31,000$69,213▲ $38,213
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$257,919$21,954▼ $235,965
Total Net Assets Fund Balance$257,919$21,954▼ $235,965
Total Liabilities and Net Assets / Fund Balance$288,919$91,167▼ $197,752

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$26,642$26,642
Other Assets Org$91,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pierpaolo BarzanPresident
Valeria SorciDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,675
Other Revenue
$0
Change in Net Assets
$-70,996
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,521
Grants and Similar Amounts Paid$5,150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$67,521--$67,521
Grants to Domestic Orgs$5,150--$5,150
Total Functional Expenses$72,671$0$0$72,671
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Depart Gallery La---$5,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$31,000$69,213▲ $38,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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, Page 6, Part VI, Line 2

Valeria sorci pierpaolo barzan secretary president spouse

Form 990, Page 6, Part VI, Line 11B

The organization's president of finance and operations reviewed the form 900, compared the information contained on form 990 with the organization's internally generated financial statements.

Form 990, Page 6, Part VI, Line 12C

Compliance with the conflict of interest policy is monitored on a regular basis with all members of the organization (including, but not limited to, an employee handbook, staff meetings, and annual questionnaires to board members).

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon written request and special permission and authorization by its board.

Filing and Contact Details

Filer

Filer Name
Depart Foundation Inc
EIN
46-3650588
Address
29517 HARVESTER ROAD, MALIBU, CA 90265

Signing Officer

Name
Pierpaolo Barzan
Title
President
Signed
2022-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pierpaolo Barzan
Formed
2013
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Walters & Sklyar Llp
Address
21031 VENTURA BLVD STE 401, WOODLAND HILLS, CA 91364
Preparer
James F Walters CPA
Phone
8189752040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1. Specifically to promote interest in contemporary art,design,architecture and sciences. 2. In furtherance of the above to make contribution of funds to non profit and charitable organizations in the united states and italy, which is dedicated in the development of contemporary artists. 3. To provide grants for research,solicit and collect funds and engage in activities, such as the holding of symposia and informational gatherings for prospective contemporary artists interested in departing from their previous endeavors or predecessors, in order to cultivate, develop and further the knowledge and awareness of non profit and charitable organizations in the united states and italy. 4. To identify strong contemporary artists in the united states and italy for possible enrollment in residency programs. 5. To raise, receive and maintain a fund or funds for, and allocate and apply the principal and income there of for the advancement of the purposes described above

Form 990, Page 2, Part III, Line 4A

To manage and conduct specifically to promote interest in contemporary art, design, architecture and sciences, in furtherance of the above to make contribution of funds to nonprofit and charitable organizations in the united states and italy, which is dedicated in the development of contemporary artists. To provide grants for research, solicit and collect funds and engage in activities, such as the holding of symposia and informational gatherings for prospective contemporary artists interested in departing from their previous endeavors or predecessors, in order to cultivate, develop and further the knowledge and awareness of nonprofit and charitable organizations in the united states and italy. To identify strong contemporary artists in the united states and italy for possible enrollment in residency programs to raise, receive and maintain a fund or funds for, and allocate and apply the principal and income thereof for the advancement of the purposes described above.

Raw XML Appendix274 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. SPECIFICALLY TO PROMOTE INTEREST IN CONTEMPORARY ART,DESIGN,ARCHITECTURE AND SCIENCES. 2. IN FURTHERANCE OF THE ABOVE TO MAKE CONTRIBUTION OF FUNDS TO NON PROFIT AND CHARITABLE ORGANIZATIONS IN THE UNITED STATES AND ITALY, WHICH IS DEDICATED IN THE DEVELOPMENT OF CONTEMPORARY ARTISTS. 3. TO PROVIDE GRANTS FOR RESEARCH,SOLICIT AND COLLECT FUNDS AND ENGAGE IN ACTIVITIES, SUCH AS THE HOLDING OF SYMPOSIA AND INFORMATIONAL GATHERINGS FOR PROSPECTIVE CONTEMPORARY ARTISTS INTERESTED IN DEPARTING FROM THEIR PREVIOUS ENDEAVORS OR PREDECESSORS, IN ORDER TO CULTIVATE, DEVELOP AND FURTHER THE KNOWLEDGE AND AWARENESS OF NON PROFIT AND CHARITABLE ORGANIZATIONS IN THE UNITED STATES AND ITALY. 4. TO IDENTIFY STRONG CONTEMPORARY ARTISTS IN THE UNITED STATES AND ITALY FOR POSSIBLE ENROLLMENT IN RESIDENCY PROGRAMS. 5. TO RAISE, RECEIVE AND MAINTAIN A FUND OR FUNDS FOR, AND ALLOCATE AND APPLY THE PRINCIPAL AND INCOME THERE OF FOR THE ADVANCEMENT OF THE PURPOSES DESCRIBED ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO MANAGE AND CONDUCT SPECIFICALLY TO PROMOTE INTEREST IN CONTEMPORARY ART, DESIGN, ARCHITECTURE AND SCIENCES, IN FURTHERANCE OF THE ABOVE TO MAKE CONTRIBUTION OF FUNDS TO NONPROFIT AND CHARITABLE ORGANIZATIONS IN THE UNITED STATES AND ITALY, WHICH IS DEDICATED IN THE DEVELOPMENT OF CONTEMPORARY ARTISTS. TO PROVIDE GRANTS FOR RESEARCH, SOLICIT AND COLLECT FUNDS AND ENGAGE IN ACTIVITIES, SUCH AS THE HOLDING OF SYMPOSIA AND INFORMATIONAL GATHERINGS FOR PROSPECTIVE CONTEMPORARY ARTISTS INTERESTED IN DEPARTING FROM THEIR PREVIOUS ENDEAVORS OR PREDECESSORS, IN ORDER TO CULTIVATE, DEVELOP AND FURTHER THE KNOWLEDGE AND AWARENESS OF NONPROFIT AND CHARITABLE ORGANIZATIONS IN THE UNITED STATES AND ITALY. TO IDENTIFY STRONG CONTEMPORARY ARTISTS IN THE UNITED STATES AND ITALY FOR POSSIBLE ENROLLMENT IN RESIDENCY PROGRAMS TO RAISE, RECEIVE AND MAINTAIN A FUND OR FUNDS FOR, AND ALLOCATE AND APPLY THE PRINCIPAL AND INCOME THEREOF FOR THE ADVANCEMENT OF THE PURPOSES DESCRIBED ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VALERIA SORCI PIERPAOLO BARZAN SECRETARY PRESIDENT SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PRESIDENT OF FINANCE AND OPERATIONS REVIEWED THE FORM 900, COMPARED THE INFORMATION CONTAINED ON FORM 990 WITH THE ORGANIZATION'S INTERNALLY GENERATED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED ON A REGULAR BASIS WITH ALL MEMBERS OF THE ORGANIZATION (INCLUDING, BUT NOT LIMITED TO, AN EMPLOYEE HANDBOOK, STAFF MEETINGS, AND ANNUAL QUESTIONNAIRES TO BOARD MEMBERS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AND SPECIAL PERMISSION AND AUTHORIZATION BY ITS BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-27
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ReturnHeader/ReturnTs02023-02-28T01:23:51-05:00
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ReturnHeader/TaxPeriodEndDt02021-12-31
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