Civic Intelligence

The Michael P Devito Memorial Scholarship Foundation

990 • Fiscal year 2019 • EIN 46-5438200

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 04, 2020

750 Paradise Point RoadSouthhold, NY 11971

(516) 496-7300

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

1st percentile

-1481%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-54%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Flat

$2,031

Flat from 2019

Net Assets

Flat

$2,031

Flat from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Flat

$163

Flat from 2019

Expenses

Flat

$2,577

Flat from 2019

Net Income

Flat

-$2,414

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$15K$10K$5.0K$0Assets 2014: $1,066Liabilities 2014: $0Net Assets 2014: $1,0662014Assets 2015: $4,742Liabilities 2015: $0Net Assets 2015: $4,7422015Assets 2016: $1,143Liabilities 2016: $0Net Assets 2016: $1,1432016Assets 2017: $2,194Liabilities 2017: $0Net Assets 2017: $2,1942017Assets 2018: $4,445Liabilities 2018: $0Net Assets 2018: $4,4452018Assets 2019: $2,031Liabilities 2019: $0Net Assets 2019: $2,0312019Assets 2019: $2,031Liabilities 2019: $0Net Assets 2019: $2,0312019Assets 2020: $4,007Liabilities 2020: $0Net Assets 2020: $4,0072020Assets 2021: $13,478Liabilities 2021: $0Net Assets 2021: $13,4782021

Highlighted filing

2019

Assets$2,031
Liabilities$0
Net Assets$2,031

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2014: $13,235Expenses 2014: $12,169Net Income 2014: $1,0662014Revenue 2015: $3,775Expenses 2015: $99Net Income 2015: $3,6762015Revenue 2016: $0Expenses 2016: $3,599Net Income 2016: -$3,5992016Revenue 2017: $2,300Expenses 2017: $1,249Net Income 2017: $1,0512017Revenue 2018: $106,100Expenses 2018: $103,849Net Income 2018: $2,2512018Revenue 2019: $163Expenses 2019: $2,577Net Income 2019: -$2,4142019Revenue 2019: $163Expenses 2019: $2,577Net Income 2019: -$2,4142019Revenue 2020: $2,100Expenses 2020: $124Net Income 2020: $1,9762020Revenue 2021: $9,570Expenses 2021: $99Net Income 2021: $9,4712021

Highlighted filing

2019

Revenue$163
Expenses$2,577
Net Income-$2,414
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 4, 2020
Return Version
2019v5.0
Gross Receipts
$163
Mission and Program Overview

Mission

Fundraising for educational scholarships.

SCHOLARSHIP FUND

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,445$2,031▼ $2,414
Total Assets$4,445$2,031▼ $2,414
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,445$2,031▼ $2,414
Total Net Assets Fund Balance$4,445$2,031▼ $2,414
Total Liabilities and Net Assets / Fund Balance$4,445$2,031▼ $2,414
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel a DevitoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$163
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$163
Change in Net Assets
$-2,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,077
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$1,750--$1,750
Grants to Domestic Orgs$500--$500
Other Expenses$99--$99
Total Functional Expenses$2,577$0$0$2,577
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Michael P Devito Memorial
EIN
46-5438200
Phone
5164967300
Address
750 PARADISE POINT ROAD, SOUTHHOLD, NY 11971

Signing Officer

Name
Daniel a Devito
Title
Director
Phone
5164967300
Signed
2020-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel a Devito
Formed
2014
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Carmen & Pearl
Address
100 CROSSWAYS PARK W STE 214, WOODBURY, NY 11797
Preparer
Dennis Carmen
Phone
5164967300
Supplemental Narrative

Additional Explanations

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

EDUCATIONAL SCHOLARSHIP

Raw XML Appendix247 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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IRS990/GrantsToIndividualsInd0false
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IRS990/GrossReceiptsAmt0163
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IRS990/IndependentVotingMemberCnt00
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04445
IRS990/NetAssetsOrFundBalancesEOYAmt02031
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04445
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02031
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0DE FILING FEE
IRS990/OtherExpensesGrp/Desc1LICENSES AND FEES
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt0-2414
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0163
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IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings