Civic Intelligence

Thrust Athletic Foundation Inc

990EZ • Fiscal year 2017 • EIN 47-1971962

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 15, 2018

PO Box 682Nyack, NY 10960-0682

(917) 371-5603

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

45th percentile

1.2%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

34th percentile

-5.8%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-23%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$2,659

Down $163 (-5.8%) from 2016

Net Assets

Down

$2,659

Down $163 (-5.8%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$34,776

Down $10,575 (-23%) from 2016

Expenses

Down

$34,374

Down $10,218 (-23%) from 2016

Net Income

Down

$402

Down $357 (-47%) from 2016

Historical Trend

Balance Sheet Trend

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

$20K$10K$0-$10KAssets 2016: $2,822Net Assets 2016: $2,8222016Assets 2017: $2,659Net Assets 2017: $2,6592017Assets 2018: $1,901Net Assets 2018: $14,3012018Assets 2019: $1,339Net Assets 2019: $9,4862019Assets 2020: $867Liabilities 2020: $9,330Net Assets 2020: -$8,4632020

Highlighted filing

2017

Assets$2,659
Liabilities-
Net Assets$2,659

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2016: $45,351Expenses 2016: $44,592Net Income 2016: $7592016Revenue 2017: $34,776Expenses 2017: $34,374Net Income 2017: $4022017Revenue 2018: $34,207Expenses 2018: $22,565Net Income 2018: $11,6422018Revenue 2019: $30,510Expenses 2019: $22,925Net Income 2019: $7,5852019Revenue 2020: $10,000Expenses 2020: $19,802Net Income 2020: -$9,8022020

Highlighted filing

2017

Revenue$34,776
Expenses$34,374
Net Income$402
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 15, 2018
Return Version
2017v2.3
Gross Receipts
$34,776
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

DescriptionGrantsExpenses
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-$34,374
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKAIL SANKOFAChair-$0--
RONALD MCGRATHBoard Member-$0--
ED RABOWSKYBoard Member-$0--
ALEX ACEVEDOBoard Member-$0--
DAVE BASSOUNIBoard Member-$0--
VIDA SAMUELSec 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
2018-03-15

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 1,113 6,093 conferences/meetings 146 permits and fees 10,671 non-investment depreciation 1,665 total 19,688

Form 990-ez, Part I, Line 20

PRIOR YEAR ADJ -565

Form 990-ez, Part II, Line 24

Equipment 8,522 10,024 less accumulated depreciation 5,700 7,365 equipment 0 0 total 2,822 2,659

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING MATERIALS 1,113 6,093 CONFERENCES/MEETINGS 146 PERMITS AND FEES 10,671 NON-INVESTMENT DEPRECIATION 1,665 TOTAL 19,688
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE 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
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