Civic Intelligence

Modest Needs Foundation

990 • Fiscal year 2012 • EIN 47-0863430

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 12, 2013

115 East 30th Street No FL 110016
Siviq Scores

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

Liabilities / Assets

32nd percentile

0.03x

Higher debt load relative to assets than 32% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

70th percentile

7.7%

Faster asset growth than 70% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$1,601,801

Up $114,468 (+7.7%) from 2011

Net Assets

Up

$1,550,456

Up $271,121 (+21%) from 2011

Liabilities

Down

$51,345

Down $156,653 (-75%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,509,530

Up $130,695 (+9.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,020,295Liabilities 2010: $508,773Net Assets 2010: $511,5222010Assets 2011: $1,487,333Liabilities 2011: $207,998Net Assets 2011: $1,279,3352011Assets 2012: $1,601,801Liabilities 2012: $51,345Net Assets 2012: $1,550,4562012Assets 2013: $792,204Liabilities 2013: $118,218Net Assets 2013: $673,9862013Assets 2014: $468,617Liabilities 2014: $29,207Net Assets 2014: $439,4102014Assets 2015: $320,246Liabilities 2015: $64,793Net Assets 2015: $255,4532015Assets 2016: $47,428Liabilities 2016: $10,247Net Assets 2016: $37,1812016Assets 2017: $82,845Liabilities 2017: $63,517Net Assets 2017: $19,3282017Assets 2018: $83,566Liabilities 2018: $61,911Net Assets 2018: $21,6552018Assets 2019: $234,269Liabilities 2019: $101,647Net Assets 2019: $132,6222019Assets 2020: $1,331,363Liabilities 2020: $0Net Assets 2020: $1,331,3632020Assets 2021: $1,377,367Liabilities 2021: $0Net Assets 2021: $1,377,3672021Assets 2022: $1,107,508Liabilities 2022: $0Net Assets 2022: $1,107,5082022

Highlighted filing

2012

Assets$1,601,801
Liabilities$51,345
Net Assets$1,550,456

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $1,953,428Expenses 2010: $1,930,501Net Income 2010: $22,9272010Expenses 2011: $1,378,8352011Expenses 2012: $1,509,5302012Revenue 2013: $1,746,870Expenses 2013: $2,623,340Net Income 2013: -$876,4702013Revenue 2014: $1,804,435Expenses 2014: $2,039,011Net Income 2014: -$234,5762014Revenue 2015: $1,605,360Expenses 2015: $1,943,442Net Income 2015: -$338,0822015Revenue 2016: $1,005,324Expenses 2016: $1,226,134Net Income 2016: -$220,8102016Revenue 2017: $1,022,236Expenses 2017: $1,040,089Net Income 2017: -$17,8532017Revenue 2018: $998,737Expenses 2018: $996,410Net Income 2018: $2,3272018Revenue 2019: $1,319,628Expenses 2019: $1,208,661Net Income 2019: $110,9672019Revenue 2020: $3,205,729Expenses 2020: $2,098,574Net Income 2020: $1,107,1552020Revenue 2021: $2,687,896Expenses 2021: $2,641,892Net Income 2021: $46,0042021Revenue 2022: $1,595,548Expenses 2022: $1,865,407Net Income 2022: -$269,8592022

Highlighted filing

2012

Revenue-
Expenses$1,509,530
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 12, 2013
Return Version
2012v2.1
Gross Receipts
$1,780,651
Mission and Program Overview

Mission

Modest Needs Foundation helps low-income workers to afford short-term emergency expenses that would otherwise threaten their ability to support themselves. In this way, Modest Needs bolsters the self-sufficiency of the "working poor" while simultaneously lessening the burden of state and federal agencies charged with the care of the truly indigent.

Filing and Contact Details

Filer

EIN
47-0863430
Raw XML AppendixShowing 400 of 472 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0REVIEW OF THE 990 BEFORE FILING THE FORM 990, THE YEAR'S AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE DISTRIBUTED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW. THE FORM 990 IS PUBLISHED ONLY WHEN IT HAS BEEN APPROVED BY THE UNANIMOUS VOTE OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1CONFLICT OF INTEREST MODEST NEEDS FOUNDATION HAS IN PLACE A POLICY REQUIRING ALL DIRECTORS AND EMPLOYEES TO DISCLOSE ANY INTEREST(S) THAT THEY MAY HAVE IN THE FINANCIAL OR OTHER TRANSACTIONS(S) ENTERED INTO BY THE ORGANIZATION AND REQUIRING DIRECTORS OR EMPLOYEES WHO MAY HAVE SUCH INTEREST TO ABSTAIN FROM DISCUSSION, VOTING OR OTHER CONSIDERATION OF THE TRANSACTIONS(S) UNDER CONSIDERATION. EACH YEAR, MODEST NEEDS' BOARD MEMBERS AND EMPLOYEES COMPLETE AND SIGN A "CONFLICT OF INTEREST" QUESTIONNAIRE STIPULATING TO THIS POLICY AND DISCLOSING ANY CONFLICTS OF WHICH THEY ARE AWARE AT THE TIME THE POLICY IS SIGNED. BOARD MEMBERS AND OTHER EMPLOYEES MUST IMMEDIATELY DISCLOSE ANY CONFLICTS OF INTEREST THAT MIGHT ARISE THROUGHOUT THE YEAR. ANY TRANSACTIONS OF ANY SIZE THAT MIGHT RESULT IN A CONFLICT OF INTEREST MUST BE APPROVED BY THE BOARD OF DIRECTORS, WITH THE POTENTIALLY INTERESTED PARTY ABSTAINING FROM ANY CONSIDERATION OF THE TRANSACTION IN QUESTION.
IRS990ScheduleO/GeneralExplanation/Explanation2DETERMINATION OF COMPENSATION MODEST NEEDS FOUNDATION'S DIRECTORSHIP SETS THE SALARY OF THE PRESIDENT OF THE ORGANIZATION BY CONSIDERING THE PERFORMANCE OF THE PRESIDENT AND AVAILABLE COMPARABILITY DATA FOR THE PRIOR YEAR AGAINST THIS PROJECTED BUDGET OF THE ORGANIZATION FOR THE CURRENT YEAR. THE PRESIDENT OF THE ORGANIZATION SETS THE SALARIES FOR OTHER OFFICERS AND EMPLOYEES BY EVALUATING THE PRIOR YEAR'S PERFORMANCE OF THE EMPLOYEE AND AVAILABLE COMPARABILITY DATA FOR THE PRIOR YEAR AGAINST THE PROJECTED BUDGET OF THE ORGANIZATION FOR THE CURRENT YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation3PUBLIC AVAILABILITY OF GOVERNING DOCUMENTS MODEST NEEDS MAKES ITS FINANCIAL DOCUMENTS, CONFLICT OF INTEREST POLICY, AND OTHER GOVERNING DOCUMENTS AVAILABLE FOR INSTANT DOWNLOAD VIA ITS WEBSITE AT HTTP://WWW.MODESTNEEDS.ORG. HARD COPIES OF THESE DOCUMENTS MAY LIKEWISE BE REQUESTED BY REGULAR MAIL, FACSIMILE, OR TELEPHONE.
IRS990ScheduleO/GeneralExplanation/Explanation4THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0DE
IRS990/StatesWhereCopyOfReturnIsFiled0NY
IRS990/StatesWhereCopyOfReturnIsFiled1TN
IRS990/StatesWhereCopyOfReturnIsFiled2OR
IRS990/StatesWhereCopyOfReturnIsFiled3NJ
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10115 EAST 30TH STREET FL 1
IRS990/TheBooksAreInCareOf/AddressUS/City0NEW YORK
IRS990/TheBooksAreInCareOf/AddressUS/State0NY
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode010016
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10DR KEITH TAYLOR
IRS990/TheBooksAreInCareOf/TelephoneNumber02124637042
IRS990/TotalAssets/BOY01487333
IRS990/TotalAssetsBOY01487333
IRS990/TotalAssets/EOY01601801
IRS990/TotalAssetsEOY01601801
IRS990/TotalCompGT150K01

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