Liabilities / Assets
63rd percentile
Higher debt load relative to assets than 63% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
61st percentile
Higher debt load relative to revenue than 61% of similar nonprofits.
Net Margin
48th percentile
Higher net margin than 48% 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
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Up$76,193
Up $6,046 (+8.6%) from 2021
Net Assets
Up$75,798
Up $5,651 (+8.1%) from 2021
Liabilities
Up$395
Up $395 from 2021
Revenue And Expenses
Revenue
Up$148,693
Up $108,536 (+270%) from 2021
Expenses
Up$143,042
Up $95,175 (+199%) from 2021
Net Income
Up$5,651
Up $13,361 (+173%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Jul 27, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $148,693
Mission and Program Overview
Mission
To provide cultural advancements and life quality enhancements through music, art, and educational opportunities
Please see Schedule O Note 01
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Please see Schedule O, Note 01. | - | $139,427 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Carrie Brown | President | - | $0 | - | - |
| Jef Pearlman | Secretary | - | $0 | - | - |
| Sasha Yee | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- False Profit Inc
- EIN
- 46-5723196
- Address
- 584 Castro Street 2293, San Francisco, CA 94114-2512
Signing Officer
- Name
- Sasha Yee
- Title
- Treasurer
- Phone
- 4159932678
- Signed
- 2023-07-27
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Build Advisory Corporation
- Address
- PO Box 61, Newbury Park, CA 91319
- Preparer
- Mark Hancock CRTP
- Phone
- 4159523695
Supplemental Narrative
Additional Explanations
General explanation attachment
“False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.False Profit held three events during 2022. The first was a free cultural event, Spring Training, held in May. Priceless, False Profits annual arts festival, was held over the July 4 weekend. The third event was an installation at Burning Man.”
Description of other expenses Part I line 16
“Description AmountMeals/food 35,785Insurance 2,475Travel 501Equipment rental 22,991Software subscriptions 1,203Fuel 787Promotion 833Supplies 8,387Bank charges 26Dues & Subscriptions 266Taxes & Licenses 2,120Permits 2,079Rounding adjustment 1”
Description of other assets Part II line 24
“Category Beginning of Year End of YearFestival equipment 0 2,553”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearAccounts Payable 0 395”
Raw XML Appendix156 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 73640 |
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| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 32952 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 76193 |
| IRS990EZ/GrossReceiptsAmt | 0 | 148693 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
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| IRS990EZ/OtherExpensesTotalAmt | 0 | 77454 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Please see Schedule O Note 01 |
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| IRS990EZ/ProgramServiceRevenueAmt | 0 | 142320 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Please see Schedule O, Note 01. |
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| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 395 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 143042 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 139427 |
| IRS990EZ/TotalRevenueAmt | 0 | 148693 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | pricelessfestival.org |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 6373 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 375 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 12551 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 51165 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 70464 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 142320 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 39782 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 236130 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 177000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 595232 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt | 0 | 31216 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt | 0 | 56582 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 87798 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.00000 |
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| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 40157 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 284747 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 753494 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | False Profits primary exempt purpose is to provide cultural advancements through art, music, and education.False Profit held three events during 2022. The first was a free cultural event, Spring Training, held in May. Priceless, False Profits annual arts festival, was held over the July 4 weekend. The third event was an installation at Burning Man. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountMeals/food 35,785Insurance 2,475Travel 501Equipment rental 22,991Software subscriptions 1,203Fuel 787Promotion 833Supplies 8,387Bank charges 26Dues & Subscriptions 266Taxes & Licenses 2,120Permits 2,079Rounding adjustment 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearFestival equipment 0 2,553 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearAccounts Payable 0 395 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL2 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd | 0 | 00 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Sasha Yee |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4159932678 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-07-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | False Profit Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FALS |
| ReturnHeader/Filer/EIN | 0 | 465723196 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 584 Castro Street 2293 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | San Francisco |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 941142512 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 465555252 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Build Advisory Corporation |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 61 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Newbury Park |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 91319 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4159523695 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-07-27 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Mark Hancock CRTP |
| ReturnHeader/ReturnTs | 0 | 2023-07-27T12:19:34-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | Sasha |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | Yee |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $76,193
- Liabilities
- $395
- Net assets
- $75,798
- Revenue
- $148,693
- Expenses
- $143,042
- Net income
- $5,651