Civic Intelligence

Tseng-Rust Family Foundation

990PF • Fiscal year 2020 • EIN 47-2340444

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 07, 2021

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

14th percentile

0.00x

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

2020 filings • $25M-$50M nonprofits • Source year 2020

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2020 filings • $25M-$50M nonprofits • Source year 2020

Asset Growth

35th percentile

1.7%

Faster asset growth than 35% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

96th percentile

217%

Faster revenue growth than 96% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$36,143,574

Up $598,416 (+1.7%) from 2019

Net Assets

Up

$36,143,574

Up $598,416 (+1.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin73rd percentile

Revenue

Up

$3,069,089

Up $2,101,960 (+217%) from 2019

Expenses

Up

$2,470,673

Up $293,938 (+14%) from 2019

Net Income

Up

$598,416

Up $1,808,022 (+149%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$60M$40M$20M$0Assets 2014: $5,011,056Liabilities 2014: $02014Assets 2015: $16,580,396Liabilities 2015: $0Net Assets 2015: $16,580,3962015Assets 2019: $35,545,158Liabilities 2019: $0Net Assets 2019: $35,545,1582019Assets 2020: $36,143,574Liabilities 2020: $0Net Assets 2020: $36,143,5742020Assets 2021: $35,922,334Liabilities 2021: $0Net Assets 2021: $35,922,3342021Assets 2022: $42,619,934Liabilities 2022: $0Net Assets 2022: $42,619,9342022Assets 2023: $43,754,496Liabilities 2023: $0Net Assets 2023: $43,754,4962023Assets 2024: $57,888,650Liabilities 2024: $0Net Assets 2024: $57,888,6502024

Highlighted filing

2020

Assets$36,143,574
Liabilities$0
Net Assets$36,143,574
Open 2020 Filing

Operations Trend

Revenue Growth96th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $5,011,056Expenses 2014: $0Net Income 2014: $5,011,0562014Revenue 2015: $11,602,829Expenses 2015: $33,489Net Income 2015: $11,569,3402015Revenue 2019: $967,129Expenses 2019: $2,176,735Net Income 2019: -$1,209,6062019Revenue 2020: $3,069,089Expenses 2020: $2,470,673Net Income 2020: $598,4162020Revenue 2021: $2,759,481Expenses 2021: $2,980,721Net Income 2021: -$221,2402021Revenue 2022: $10,264,587Expenses 2022: $3,566,987Net Income 2022: $6,697,6002022Revenue 2023: $4,803,245Expenses 2023: $3,596,174Net Income 2023: $1,207,0712023Revenue 2024: $18,209,015Expenses 2024: $4,074,861Net Income 2024: $14,134,1542024

Highlighted filing

2020

Revenue$3,069,089
Expenses$2,470,673
Net Income$598,416
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 7, 2021
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colin RustDir, Sec, Treas, Co- Pres-$0--
Jeannie TsengCo- Pres, Director-$0--
Filing and Contact Details

Filer

Filer Name
Tseng-Rust Family Foundation
EIN
47-2340444
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Colin Rust
Title
Trustee
Phone
8008391754
Signed
2021-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
ONE HOLLOW LN STE 212, LAKE SUCCESS, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix337 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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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt052889
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt02182636
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt02684707
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02017
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02016
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt02235525
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt02631818
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt02182636
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1K-1 Exp AIR U.S. LIFE FUND I L
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2K-1 Exp GALOIS CAPITAL ALPHA F
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3K-1 Exp UPPER90 FUND II, LP
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4K-1 Exp UPPER90 FUND, LP
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5K-1 Exp UPPER90 THRASIO, LLC
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt025500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt0147198
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt114742
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt215660
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt345690
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt44956
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt025500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1147198
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt214742
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt315660
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt445692
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt54956
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt625
OtherIncomeSchedule2/OtherIncomeDetail/Desc0K-1 Inc/Loss AIR U.S. LIFE FUND I LP
OtherIncomeSchedule2/OtherIncomeDetail/Desc1K-1 Inc/Loss GALOIS CAPITAL ALPHA FUND LP
OtherIncomeSchedule2/OtherIncomeDetail/Desc2K-1 Inc/Loss UPPER90 FUND II, LP
OtherIncomeSchedule2/OtherIncomeDetail/Desc3K-1 Inc/Loss UPPER90 FUND, LP
OtherIncomeSchedule2/OtherIncomeDetail/Desc4K-1 Inc/Loss UPPER90 THRASIO, LLC
OtherIncomeSchedule2/OtherIncomeDetail/Desc5Interest Income from Notes
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt041280
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt1346930
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt29387
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt383060
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt4264335
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt5223271
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt041280
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt1346930
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt29387
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt376391
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt4264335
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt5223271
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BalanceDueAmt0965000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BalanceDueAmt1100000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BorrowerNameGrp/BusinessName/BusinessNameLine1Txt0FILM RISE ACQUISITIONS LLC
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/BorrowerNameGrp/BusinessName/BusinessNameLine1Txt1TOSOMEONE INC
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/ConsiderationFMVAmt0965000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/ConsiderationFMVAmt1100000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/InterestRt015.
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/InterestRt160.
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LenderConsiderationDesc0CASH CASH
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LenderConsiderationDesc1CASH CASH
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanMaturityDt02022-09
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanMaturityDt12019-10
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanOriginalAmt0241250
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanOriginalAmt1100000
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanPurposeTxt0INVESTMENT
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/LoanPurposeTxt1INVESTMENT
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/NoteDt02017-09
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/NoteDt12018-05
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/RepaymentTermsTxt0DUE AT MATURITY
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/RepaymentTermsTxt1DUE AT MATURITY
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/SecurityProvidedBorrowerTxt0NONE
OtherNotesLoansRcvblLongSch/OtherNotesLoansRcvblLongGrp/SecurityProvidedBorrowerTxt1NONE
TaxesSchedule/TaxesDetail/Amt06700
TaxesSchedule/TaxesDetail/Amt1200
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2020
TaxesSchedule/TaxesDetail/CategoryTxt1990-T Extension for 2019
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0COLIN RUST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Tseng-Rust Family Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TSEN
ReturnHeader/Filer/EIN0472340444
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUNDATION SOURCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HOLLOW LN STE 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE SUCCESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02021-11-12T08:51:44-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0COLIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RUST
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,143,574
Liabilities
$0
Net assets
$36,143,574
Revenue
$3,069,089
Expenses
$2,470,673
Net income
$598,416
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$57.9$0.00$57.9$18.2$4.07$14.1
2023Detailed filing. Detailed filing data is available for this year.$43.8$0.00$43.8$4.80$3.60$1.21
2022Detailed filing. Detailed filing data is available for this year.$42.6$0.00$42.6$10.3$3.57$6.70
2021Detailed filing. Detailed filing data is available for this year.$35.9$0.00$35.9$2.76$2.98$0.22
2020Detailed filing. Detailed filing data is available for this year.$36.1$0.00$36.1$3.07$2.47$0.60
2019Detailed filing. Detailed filing data is available for this year.$35.5$0.00$35.5$0.97$2.18$1.21
2015Detailed filing. Detailed filing data is available for this year.$16.6$0.00$16.6$11.6$0.03$11.6
2014Summary only. Only limited summary data is available for this year.$5.01$0.00$5.01$0.00$5.01