Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Thrust Athletic Foundation Inc
EIN 47-1971962 • 501(c)3 • Nyack, NY
Revoked990-N Coverage
Profile
The purpose of the foundation is to help the community by exposing youth to the olympic sport of fencing and the importance of higher education. The foundation will provide programs for participants after school and on the weekends from september through june to facilitate these goals. The foundation's programs intend to provide a positive environment for improving academics through tutorial assistance, excercising and learning the skill of fencing by offering scholarships for training and traveling under the guidance of an olympian to members of the rockland and westchester county communities
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
10.76x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
13th percentile
Faster revenue growth than 13% of similar nonprofits.
Balance Sheet
Assets
Down$867
Down $472 (-35%) from 2019
Liabilities
$9,330
No earlier filing loaded for comparison.
Net Assets
Down-$8,463
Down $17,949 (-189%) from 2019
Revenue
Down$10,000
Down $20,510 (-67%) from 2019
Expenses
Down$19,802
Down $3,123 (-14%) from 2019
Net Income
Down-$9,802
Down $17,387 (-229%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $867
- Liabilities
- $9,330
- Net assets
- -$8,463
- Revenue
- $10,000
- Expenses
- $19,802
- Net income
- -$9,802
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Mar 8, 2022
- Return Version
- 2020v4.0
- Gross Receipts
- $10,000
Mission and Program Overview
Mission
The purpose of the foundation is to help the community by exposing youth to the olympic sport of fencing and the importance of higher education. The foundation will provide programs for participants after school and on the weekends from september through june to facilitate these goals. The foundation's programs intend to provide a positive environment for improving academics through tutorial assistance, excercising and learning the skill of fencing by offering scholarships for training and traveling under the guidance of an olympian to members of the rockland and westchester county communities
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE PURPOSE OF THE FOUNDATION IS TO HELP THE COMMUNITY BY EXPOSING YOUTH TO THE OLYMPIC SPORT OF FENCING AND THE IMPORTANCE OF HIGHER EDUCATION. THE FOUNDATION WILL PROVIDE PROGRAMS FOR PARTICIPANTS AFTER SCHOOL AND ON THE WEEKENDS FROM SEPTEMBER THROUGH JUNE TO FACILITATE THESE GOALS. THE FOUNDATION'S PROGRAMS INTEND TO PROVIDE A POSITIVE ENVIRONMENT FOR IMPROVING ACADEMICS THROUGH TUTORIAL ASSISTANCE, EXCERCISING AND LEARNING THE SKILL OF FENCING BY OFFERING SCHOLARSHIPS FOR TRAINING AND TRAVELING UNDER THE GUIDANCE OF AN OLYMPIAN TO MEMBERS OF THE ROCKLAND AND WESTCHESTER COUNTY COMMUNITIES | - | $19,802 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MIKAIL SANKOFA | Chair | - | $0 | - | - |
| RONALD MCGRATH | Board Member | - | $0 | - | - |
| ED RABOWSKY | Board Member | - | $0 | - | - |
| ALEX ACEVEDO | Board Member | - | $0 | - | - |
| DAVE BASSOUNI | Board Member | - | $0 | - | - |
| VIDA SAMUEL | Sec Board Me | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Thrust Athletic Foundation Inc
- EIN
- 47-1971962
- Phone
- 9173715603
- Address
- PO BOX 682, NYACK, NY 10960-0682
Signing Officer
- Name
- Mikail Sankofa
- Title
- Chair
- Phone
- 9173715603
- Signed
- 2022-03-08
Preparer
- Firm
- Nestor Chopin CPA Pllc
- Address
- 404 GLEN COVE AVE STE 202, SEA CLIFF, NY 11579
- Preparer
- Nestor Chopin
- Phone
- 5167593400
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses marketing materials 329 non-investment depreciation 473 total 802”
Form 990-ez, Part II, Line 24
“Equipment 10,024 10,024 less accumulated depreciation 8,685 9,157 total 1,339 867”
Form 990-ez, Part II, Line 26
“GRANTS PAYABLE 0 9,330”
Form 990-ez, Part III
“The purpose of the foundation is to help the community by exposing youth to the olympic sport of fencing and the importance of higher education. The foundation will provide programs for participants after school and on the weekends from september through june to facilitate these goals. The foundation's programs intend to provide a positive environment for improving academics through tutorial assistance, excercising and learning the skill of fencing by offering scholarships for training and traveling under the guidance of an olympian to members of the rockland and westchester county communities”
Form 990-ez, Part III, Line 28
“The purpose of the foundation is to help the community by exposing youth to the olympic sport of fencing and the importance of higher education. The foundation will provide programs for participants after school and on the weekends from september through june to facilitate these goals. The foundation's programs intend to provide a positive environment for improving academics through tutorial assistance, excercising and learning the skill of fencing by offering scholarships for training and traveling under the guidance of an olympian to members of the rockland and westchester county communities”
Raw XML Appendix145 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES MARKETING MATERIALS 329 NON-INVESTMENT DEPRECIATION 473 TOTAL 802 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EQUIPMENT 10,024 10,024 LESS ACCUMULATED DEPRECIATION 8,685 9,157 TOTAL 1,339 867 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | GRANTS PAYABLE 0 9,330 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE PURPOSE OF THE FOUNDATION IS TO HELP THE COMMUNITY BY EXPOSING YOUTH TO THE OLYMPIC SPORT OF FENCING AND THE IMPORTANCE OF HIGHER EDUCATION. THE FOUNDATION WILL PROVIDE PROGRAMS FOR PARTICIPANTS AFTER SCHOOL AND ON THE WEEKENDS FROM SEPTEMBER THROUGH JUNE TO FACILITATE THESE GOALS. THE FOUNDATION'S PROGRAMS INTEND TO PROVIDE A POSITIVE ENVIRONMENT FOR IMPROVING ACADEMICS THROUGH TUTORIAL ASSISTANCE, EXCERCISING AND LEARNING THE SKILL OF FENCING BY OFFERING SCHOLARSHIPS FOR TRAINING AND TRAVELING UNDER THE GUIDANCE OF AN OLYMPIAN TO MEMBERS OF THE ROCKLAND AND WESTCHESTER COUNTY COMMUNITIES |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE PURPOSE OF THE FOUNDATION IS TO HELP THE COMMUNITY BY EXPOSING YOUTH TO THE OLYMPIC SPORT OF FENCING AND THE IMPORTANCE OF HIGHER EDUCATION. THE FOUNDATION WILL PROVIDE PROGRAMS FOR PARTICIPANTS AFTER SCHOOL AND ON THE WEEKENDS FROM SEPTEMBER THROUGH JUNE TO FACILITATE THESE GOALS. THE FOUNDATION'S PROGRAMS INTEND TO PROVIDE A POSITIVE ENVIRONMENT FOR IMPROVING ACADEMICS THROUGH TUTORIAL ASSISTANCE, EXCERCISING AND LEARNING THE SKILL OF FENCING BY OFFERING SCHOLARSHIPS FOR TRAINING AND TRAVELING UNDER THE GUIDANCE OF AN OLYMPIAN TO MEMBERS OF THE ROCKLAND AND WESTCHESTER COUNTY COMMUNITIES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
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| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9173715603 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-03-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THRUST ATHLETIC FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | THRU |
| ReturnHeader/Filer/EIN | 0 | 471971962 |
| ReturnHeader/Filer/PhoneNum | 0 | 9173715603 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 682 |
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| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 109600682 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 710870172 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NESTOR CHOPIN CPA PLLC |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-03-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NESTOR CHOPIN |
| ReturnHeader/ReturnTs | 0 | 2022-03-08T13:20:53-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MIKAIL |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | SANKOFA |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
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