Civic Intelligence

Modacares Foundation Inc.

990EZ • Fiscal year 2021 • EIN 46-5741421

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 13, 2022

Organization ProfileWWW.FASHION4DEVELOPMENT.COM
16-22 201st StreetBayside, NY 11360

(917) 806-0090

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.00x

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

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Net Margin

46th percentile

6.8%

Higher net margin than 46% of similar nonprofits.

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2021 filings • NTEE Q33 • <$500k nonprofits • Source year 2021

Asset Growth

96th percentile

549%

Faster asset growth than 96% of similar nonprofits.

2021 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

61st percentile

26%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • NTEE Q33 • <$500k nonprofits • Annualized from 2019 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$8,292

Up $8,095 (+4109%) from 2019

Net Assets

Up

$8,292

Up $8,095 (+4109%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin46th percentile

Revenue

Up

$119,796

Up $44,796 (+60%) from 2019

Expenses

Up

$111,651

Up $36,604 (+49%) from 2019

Net Income

Up

$8,145

Up $8,192 (+17430%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$15K$10K$5.0K$0Assets 2017: $314Net Assets 2017: $3142017Assets 2018: $244Liabilities 2018: $0Net Assets 2018: $2442018Assets 2019: $197Liabilities 2019: $0Net Assets 2019: $1972019Assets 2021: $8,292Liabilities 2021: $0Net Assets 2021: $8,2922021Assets 2022: $10,007Liabilities 2022: $0Net Assets 2022: $10,0072022Assets 2023: $276Liabilities 2023: $0Net Assets 2023: $2762023Assets 2024: $1,412Liabilities 2024: $0Net Assets 2024: $1,4122024

Highlighted filing

2021

Assets$8,292
Liabilities$0
Net Assets$8,292
Open 2021 Filing

Operations Trend

Revenue Growth61st percentile

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

$300K$200K$100K$0-$100KRevenue 2017: $49,500Expenses 2017: $49,277Net Income 2017: $2232017Revenue 2018: $152,218Expenses 2018: $152,288Net Income 2018: -$702018Revenue 2019: $75,000Expenses 2019: $75,047Net Income 2019: -$472019Revenue 2021: $119,796Expenses 2021: $111,651Net Income 2021: $8,1452021Revenue 2022: $249,317Expenses 2022: $247,602Net Income 2022: $1,7152022Revenue 2023: $245,793Expenses 2023: $255,524Net Income 2023: -$9,7312023Revenue 2024: $246,646Expenses 2024: $245,510Net Income 2024: $1,1362024

Highlighted filing

2021

Revenue$119,796
Expenses$111,651
Net Income$8,145
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 13, 2022
Return Version
2021v4.2
Gross Receipts
$119,796
Mission and Program Overview

Mission

The organization's primary goal is to help establish sustainable companies and enhance economic development by providing mentorship on production and distribution aspects as well as organizes special events to generate visibility around the brand.

The organization's mission is to help establish sustainable companies and enhance economic development by providing mentorship on production and distribution aspects as well as organizing special events to generate visibility around the brand.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION PRODUCED EVENTS TO RAISE AWARENESS OF THE FASHION INDUSTRY'S ROLE IN LEADING SUSTAINABLE ECONOMIC GROWTH WORLDWIDE.$0$0
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
EUGENIA EVANGELOUDirectorPT$0--
EVIE EVANGELOUPresidentPT$0--
MERCEDES ALAGNATreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Modacares Foundation Inc
EIN
46-5741421
Phone
9178060090
Address
16-22 201ST STREET, BAYSIDE, NY 11360

Signing Officer

Name
Evie Evangelou
Title
President
Phone
9178060090
Signed
2022-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Lilling & Company Llp
Address
2 SEAVIEW BOULEVARD, PORT WASHINGTON, NY 11050
Preparer
Thomas Sherwood
Phone
5168291099
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: fashion exhibit venue expenses. Amount: 87300. Description: professional services. Amount: 17623. Description: other. Amount: 6728. Total to form 990-ez, line 16: 111651.”

Raw XML Appendix149 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BAYSIDE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0EUGENIA EVANGELOU
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0111651
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S MISSION IS TO HELP ESTABLISH SUSTAINABLE COMPANIES AND ENHANCE ECONOMIC DEVELOPMENT BY PROVIDING MENTORSHIP ON PRODUCTION AND DISTRIBUTION ASPECTS AS WELL AS ORGANIZING SPECIAL EVENTS TO GENERATE VISIBILITY AROUND THE BRAND.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0119796
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FASHION4DEVELOPMENT.COM
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt075000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0396514
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/Filer/EIN0465741421
ReturnHeader/Filer/PhoneNum09178060090
ReturnHeader/Filer/USAddress/AddressLine1Txt016-22 201ST STREET
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011050
ReturnHeader/PreparerPersonGrp/PhoneNum05168291099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS SHERWOOD
ReturnHeader/ReturnTs02022-11-14T16:23:43-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EVIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EVANGELOU
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,292
Liabilities
$0
Net assets
$8,292
Revenue
$119,796
Expenses
$111,651
Net income
$8,145
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$2.47$2.46$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.46$2.56$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$2.49$2.48$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$1.20$1.12$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.75$0.75$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.52$1.52$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.50$0.49$0.00