Civic Intelligence

The Michael P Devito Memorial Scholarship Foundation

990 • Fiscal year 2021 • EIN 46-5438200

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 24, 2022

750 Paradise Point RoadSouthhold, NY 11971

(516) 496-7300

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $4,007 (-100%) from 2020

Net Assets

Down

$0

Down $4,007 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses

Revenue

Up

$9,570

Up $7,470 (+356%) from 2020

Expenses

Up

$13,577

Up $13,453 (+10849%) from 2020

Net Income

Down

-$4,007

Down $5,983 (-303%) from 2020

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 2020: $4,007Liabilities 2020: $0Net Assets 2020: $4,0072020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2021: $13,478Liabilities 2021: $0Net Assets 2021: $13,4782021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

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 2020: $2,100Expenses 2020: $124Net Income 2020: $1,9762020Revenue 2021: $9,570Expenses 2021: $13,577Net Income 2021: -$4,0072021Revenue 2021: $9,570Expenses 2021: $99Net Income 2021: $9,4712021

Highlighted filing

2021

Revenue$9,570
Expenses$13,577
Net Income-$4,007
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 24, 2022
Return Version
2021v4.0
Gross Receipts
$9,570
Mission and Program Overview

Mission

Fundraising for educational scholarships.

SCHOLARSHIP FUND

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,007--
Total Assets$4,007$0▼ $4,007
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,007--
Total Net Assets Fund Balance$4,007$0▼ $4,007
Total Liabilities and Net Assets / Fund Balance$4,007$0▼ $4,007
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniel a DevitoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$9,570
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,570
Change in Net Assets
$-4,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,468
Other Expenses$109
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,468--$13,468
Other Expenses$10--$10
Total Functional Expenses$13,577$0$0$13,577
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rye High SchoolRye, NY--$13,468
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
2022-02-24
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 1, Item B

2021 was the final year donations were received and the remaining assets transferred to the high school scholarship. This should have been marked as a final return.

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

EDUCATIONAL SCHOLARSHIP

Raw XML Appendix259 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/DescribedInSection501c3Ind0true
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IRS990/GoverningBodyVotingMembersCnt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt013468
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09570
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FUNDRAISING FOR EDUCATIONAL SCHOLARSHIPS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt04007
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04007
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0LICENSES AND FEES
IRS990/OtherExpensesGrp/Desc1DE FILING FEE
IRS990/OtherExpensesGrp/ProgramServicesAmt099
IRS990/OtherExpensesGrp/ProgramServicesAmt110
IRS990/OtherExpensesGrp/TotalAmt099
IRS990/OtherExpensesGrp/TotalAmt110
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DANIEL A DEVITO
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013577
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt013468
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02100
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0124
IRS990/PYRevenuesLessExpensesAmt01976
IRS990/PYTotalExpensesAmt0124
IRS990/PYTotalRevenueAmt02100
IRS990/ReconcilationRevenueExpnssAmt0-4007
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02100
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0106100
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt013468
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ONE PARSONS STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RYE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt02021 WAS THE FINAL YEAR DONATIONS WERE RECEIVED AND THE REMAINING ASSETS TRANSFERRED TO THE HIGH SCHOOL SCHOLARSHIP. THIS SHOULD HAVE BEEN MARKED AS A FINAL RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EDUCATIONAL SCHOLARSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/VotingMembersGoverningBodyCnt00
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL A DEVITO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05164967300
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL P DEVITO MEMORIAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SCHOLARSHIP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0465438200
ReturnHeader/Filer/PhoneNum05164967300
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOODBURY
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ReturnHeader/PreparerPersonGrp/PhoneNum05164967300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENNIS CARMEN
ReturnHeader/ReturnTs02024-05-21T11:43:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DEVITO
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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