Civic Intelligence

Innovart Foundation

990PF • Fiscal year 2022 • EIN 47-1412108

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 12, 2023

Organization ProfileN/A
13220 Peacock CTCupertino, CA 95014

(408) 799-0630

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

100th percentile

163%

Higher net margin than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

23rd percentile

-18%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$219,846

Down $49,340 (-18%) from 2021

Net Assets

Down

$219,846

Down $49,340 (-18%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$30,271

Down $38,139 (-485%) from 2021

Expenses

Up

$19,069

Up $2,928 (+18%) from 2021

Net Income

Down

-$49,340

Down $41,067 (-496%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$300K$200K$100K$0Assets 2014: $200Liabilities 2014: $02014Assets 2015: $200Liabilities 2015: $02015Assets 2016: $200Liabilities 2016: $02016Assets 2017: $210Liabilities 2017: $02017Assets 2018: $250,338Liabilities 2018: $0Net Assets 2018: $250,3382018Assets 2019: $281,617Liabilities 2019: $0Net Assets 2019: $281,6172019Assets 2020: $277,459Liabilities 2020: $0Net Assets 2020: $277,4592020Assets 2021: $269,186Liabilities 2021: $0Net Assets 2021: $269,1862021Assets 2022: $219,846Liabilities 2022: $0Net Assets 2022: $219,8462022Assets 2023: $214,997Liabilities 2023: $0Net Assets 2023: $214,9972023Assets 2024: $212,684Liabilities 2024: $0Net Assets 2024: $212,6842024

Highlighted filing

2022

Assets$219,846
Liabilities$0
Net Assets$219,846
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2014: $200Expenses 2014: $0Net Income 2014: $2002014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $47Expenses 2017: $37Net Income 2017: $102017Revenue 2018: $250,148Expenses 2018: $20Net Income 2018: $250,1282018Revenue 2019: $36,439Expenses 2019: $5,160Net Income 2019: $31,2792019Revenue 2020: $2,989Expenses 2020: $7,147Net Income 2020: -$4,1582020Revenue 2021: $7,868Expenses 2021: $16,141Net Income 2021: -$8,2732021Revenue 2022: -$30,271Expenses 2022: $19,069Net Income 2022: -$49,3402022Revenue 2023: $9,682Expenses 2023: $14,531Net Income 2023: -$4,8492023Revenue 2024: $11,314Expenses 2024: $13,627Net Income 2024: -$2,3132024

Highlighted filing

2022

Revenue-$30,271
Expenses$19,069
Net Income-$49,340
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 12, 2023
Return Version
2022v5.0
Mission and Program Overview

Mission

Working for the well-being and better-being of youth.

Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL ZHANGCFO/Treasurer-$0--
JENNY WANGSecretaryPT$0--
MAGGIR TSAIPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Innovart Foundation
EIN
47-1412108
Phone
4087990630
Address
13220 PEACOCK CT, CUPERTINO, CA 95014

Signing Officer

Name
Maggie Tsai
Title
CEO
Phone
4087990630
Signed
2023-10-12
Discuss with paid preparer
Yes

Preparer

Firm
Kelly Kai-ling Hwang CPA
Address
18427 CLIFTON WAY, CASTRO VALLEY, CA 94546
Preparer
Kai-ling Hwang
Phone
5109083357
Raw XML Appendix286 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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GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0Treatment of Qualifying Distributions Election Pursuant to IRC Section 4942h)2)and Reg. 53.4942a)3d)2) the Foundation elects to treat qualifying distributions not treated as made out of the undistributed income of the immediately preceding tax year as made out of undistributed income from the tax year ended December 31 2019.
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IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsBOYAmt0251865
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IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0Youth art and drama activities - purchased equipment and provided grants to local middle school drama program; organized local youths for Valentine card writing activity for community senior center; provide workshop and training to local high school students for mosaic artworks for school and community senior center
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0Youth mentoring activities - provide grants to local NPO and schools offers mentoring programs; provide grants to local high school and university for outstanding community services.
IRS990PF/SummaryOfDirectChrtblActyGrp/Description3Txt0Underserved children support activities - provided grants to local literacy program and non-profit organizations serve and inspire children with financial hardship and disadvantage.
IRS990PF/SummaryOfDirectChrtblActyGrp/Description4Txt0Youth community service activities - held a youth team building workshop and sponsored local school students in offering community service activities of local senior center craft class and Valentine card writing activity.
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0987
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt013171
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt012226
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt01378
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt01378
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt015536
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt01378
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt011239
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt013171
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Office supplies and expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Registration
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Program materials and supplies
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt01766
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt23044
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt01766
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt23044
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt03435
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT ADVISOR FEE
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt03435
ReasonableCauseExplanation/ExplanationTxt0CA severe winter storms diaster for late filing
TaxesSchedule/TaxesDetail/Amt086
TaxesSchedule/TaxesDetail/Amt112
TaxesSchedule/TaxesDetail/CategoryTxt02021 EXERCISE TAX
TaxesSchedule/TaxesDetail/CategoryTxt1FOREIGN TAX ON DIVIDEND
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt012
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAGGIE TSAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04087990630
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVART FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0471412108
ReturnHeader/Filer/PhoneNum04087990630
ReturnHeader/Filer/USAddress/AddressLine1Txt013220 PEACOCK CT
ReturnHeader/Filer/USAddress/CityNm0CUPERTINO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095014
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474249558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KELLY KAI-LING HWANG CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018427 CLIFTON WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CASTRO VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094546
ReturnHeader/PreparerPersonGrp/PhoneNum05109083357
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAI-LING HWANG
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-10-13T10:52:14-00:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MAGGIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TSAI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$219,846
Liabilities
$0
Net assets
$219,846
Revenue
-$30,271
Expenses
$19,069
Net income
-$49,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.13$0.00$2.13$0.11$0.14$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$0.10$0.15$0.05
2022Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$0.30$0.19$0.49
2021Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.08$0.16$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.03$0.07$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.36$0.05$0.31
2018Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$2.50$0.00$2.50
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00