Civic Intelligence

Nick J Lorusso Memorial Fund

EIN 46-4778421 • 501(c)3 • Fort Collins, CO

Profile

To raise funds from the general public on behalf of the late Nick J LoRusso for the purpose of distributing scholarships to deserving youth soccer players throughout the State of Colorado

5209 Sunglow CourtFort Collins, CO 80528

nickjlorusso.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

13th percentile

-57%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Annualized from 2023 to 2024

Revenue Growth

18th percentile

-51%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$39,705

Up $39,705 from 2023

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

Down

$39,705

Down $20,047 (-34%) from 2023

Revenue

Down

$35,071

Down $36,937 (-51%) from 2023

Expenses

Up

$55,118

Up $42,862 (+350%) from 2023

Net Income

Down

-$20,047

Down $79,799 (-134%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2013: $8,570Liabilities 2013: $0Net Assets 2013: $8,5702013Assets 2014: $8,455Liabilities 2014: $02014Assets 2015: $11,733Net Assets 2015: $11,7332015Assets 2016: $12,240Net Assets 2016: $12,2402016Assets 2017: $15,085Net Assets 2017: $16,5562017Assets 2018: $0Net Assets 2018: $23,0912018Assets 2019: $0Net Assets 2019: $28,7872019Assets 2020: $0Net Assets 2020: $27,7342020Assets 2021: $0Net Assets 2021: $02021Assets 2022: $0Net Assets 2022: $57,5442022Assets 2023: $0Net Assets 2023: $59,7522023Assets 2024: $39,705Liabilities 2024: $0Net Assets 2024: $39,7052024

Highlighted filing

2024

Assets$39,705
Liabilities$0
Net Assets$39,705

Operations Trend

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

$100K$50K$0-$50KRevenue 2013: $8,570Expenses 2013: $0Net Income 2013: $8,5702013Revenue 2014: $4,563Expenses 2014: $4,678Net Income 2014: -$1152014Revenue 2015: $9,995Expenses 2015: $6,717Net Income 2015: $3,2782015Revenue 2016: $3,452Expenses 2016: $2,945Net Income 2016: $5072016Revenue 2017: $8,377Expenses 2017: $4,061Net Income 2017: $4,3162017Revenue 2018: $14,527Expenses 2018: $6,521Net Income 2018: $8,0062018Revenue 2019: $13,809Expenses 2019: $514Net Income 2019: $13,2952019Revenue 2020: $12,728Expenses 2020: $399Net Income 2020: $12,3292020Revenue 2021: $62,1292021Revenue 2022: $57,5442022Revenue 2023: $72,008Expenses 2023: $12,256Net Income 2023: $59,7522023Revenue 2024: $35,071Expenses 2024: $55,118Net Income 2024: -$20,0472024

Highlighted filing

2024

Revenue$35,071
Expenses$55,118
Net Income-$20,047

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 21, 2025
Return Version
2024v5.0
Gross Receipts
$35,071
Mission and Program Overview

Mission

To raise funds from the general public on behalf of the late Nick J. LoRusso for the purpose of distributing scholarships to deserving youth soccer players throughout the State of Colorado.

To raise funds from the general public on behalf of the late Nick J LoRusso for the purpose of distributing scholarships to deserving youth soccer players throughout the State of Colorado

Program Services

DescriptionGrantsExpenses
in 2024 the fund awarded 47230 in scholarships to youth soccer players in Colorado and raised over 38000 towards next years scholarships while increasing the funds visibility in the community--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda M LoRussoPresident And SecretaryPT$0--
Daniel J LoRussoVice PresidentPT$0--
Joseph P LoRussoVice PresidentPT$0--
Kerrie L LoRussoTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Nick J Lorusso Memorial Fund
EIN
46-4778421
Phone
9706915799
Address
5209 Sunglow Court, Fort Collins, CO 80528

Signing Officer

Name
Linda M LoRusso
Title
President
Phone
9706915799
Signed
2025-03-21
Supplemental Narrative

Additional Explanations

Schedule O:

Form 990-EZ Part 1, Line 16: Memorial Dinner Costs $ 7442.38 Pay Pal & Venmo Fees 386.03 Postage Expense: 60.00 TOTAL Expenses: $ 7888.41 Form 990-EZ Part III - Organization Exempt Purpose To Raise funds from the general public on behalf of the Late Nick J. LoRusso for the purpose of distribution scholarships to deserving youth soccer players throught the State of Colorado. Form 990-EZ Part V Did the organization, during the year receive any funds directly or indirectly to pay premiums on a personal benefit contract? NO Did the organization, during the year pay premiums directly or indirectly on a personal benefit contract? NO Form 990-EZ Part 1 Line 10 In 2024 the fund awarded $ 47230 in scholarships to youth soccer players in Colorado, while increasing the funds visibility in the community. Form 990-EZ Line 24 Other Assets: $910 in Accounts Receivable - Collected in January 2025 $149 inventory - Table decorations to use in October, 2025

Raw XML Appendix168 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/ExplanationTxt0Form 990-EZ Part 1, Line 16: Memorial Dinner Costs $ 7442.38 Pay Pal & Venmo Fees 386.03 Postage Expense: 60.00 TOTAL Expenses: $ 7888.41 Form 990-EZ Part III - Organization Exempt Purpose To Raise funds from the general public on behalf of the Late Nick J. LoRusso for the purpose of distribution scholarships to deserving youth soccer players throught the State of Colorado. Form 990-EZ Part V Did the organization, during the year receive any funds directly or indirectly to pay premiums on a personal benefit contract? NO Did the organization, during the year pay premiums directly or indirectly on a personal benefit contract? NO Form 990-EZ Part 1 Line 10 In 2024 the fund awarded $ 47230 in scholarships to youth soccer players in Colorado, while increasing the funds visibility in the community. Form 990-EZ Line 24 Other Assets: $910 in Accounts Receivable - Collected in January 2025 $149 inventory - Table decorations to use in October, 2025
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule O:
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Linda M LoRusso
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09706915799
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NICK J LORUSSO MEMORIAL FUND
ReturnHeader/Filer/BusinessNameControlTxt0NICK
ReturnHeader/Filer/EIN0464778421
ReturnHeader/Filer/PhoneNum09706915799
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ReturnHeader/ReturnTs02025-03-21T17:00:06Z
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ReturnHeader/TaxPeriodBeginDt02024-01-01
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ReturnHeader/TaxYr02024

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