Civic Intelligence

Ascending Light Foundation Inc

EIN 47-3545623 • 501(c)3 • Huntingdon Vly, PA

Profile

Relieve hunger, poverty, misery, sickness and other other types of suffering among children, their families and the poor in the united states and thoughout the world make grants to poor and otherwise disadvantaged children and thier families provide education and counseling for persons of georgian ancestry who wish to integrate fully into american society provide education and otherservices related to employment, job training and other aspects of human resources

545 Carson TerraceHuntingdon Vly, PA 19115

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

1st percentile

-25700%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

53rd percentile

-0.1%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Assets

Down

$206,017

Down $257 (-0.1%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$206,017

Down $257 (-0.1%) from 2020

Revenue

Up

$1

Up $780,566 (+100%) from 2020

Expenses

Up

$258

Up $258 from 2020

Net Income

Up

-$257

Up $780,308 (+100%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2015: $999,900Liabilities 2015: $0Net Assets 2015: $999,9002015Assets 2016: $999,900Liabilities 2016: $0Net Assets 2016: $999,9002016Assets 2017: $999,536Liabilities 2017: $0Net Assets 2017: $999,5362017Assets 2018: $998,794Liabilities 2018: $0Net Assets 2018: $998,7942018Assets 2020: $206,274Liabilities 2020: $0Net Assets 2020: $206,2742020Assets 2021: $206,017Liabilities 2021: $0Net Assets 2021: $206,0172021

Highlighted filing

2021

Assets$206,017
Liabilities$0
Net Assets$206,017

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2015: $999,900Expenses 2015: $0Net Income 2015: $999,9002015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $67Expenses 2017: $431Net Income 2017: -$3642017Revenue 2018: $299Expenses 2018: $1,041Net Income 2018: -$7422018Revenue 2020: -$780,565Expenses 2020: $0Net Income 2020: -$780,5652020Revenue 2021: $1Expenses 2021: $258Net Income 2021: -$2572021

Highlighted filing

2021

Revenue$1
Expenses$258
Net Income-$257

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$1
Mission and Program Overview

Mission

Relieve hunger, poverty, misery, sickness and other other types of suffering among children, their families and the poor in the united states and thoughout the world make grants to poor and otherwise disadvantaged children and thier families provide education and counseling for persons of georgian ancestry who wish to integrate fully into american society provide education and otherservices related to employment, job training and other aspects of human resources

Make grants to the poor and otherwise disadvantaged childrena nd their families. Provide education and counseling for persons of georgian ancestry who wish to integrate fully into american society. Provide education and other services related to employment, job training and other aspects of human resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$195,479$195,479→ $0
Cash and Non-Interest-Bearing Accounts$5,450$5,397▼ $53
Savings and Temporary Cash Investments$5,345$5,141▼ $204
Total Assets$206,274$206,017▼ $257
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$206,274$206,017▼ $257
Total Net Assets Fund Balance$206,274$206,017▼ $257
Total Liabilities and Net Assets / Fund Balance$206,274$206,017▼ $257
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ramazi GotsiridzePresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$258--$258
Total Functional Expenses$258$0$0$258
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Ascending Light Foundation Inc
EIN
47-3545623
Phone
2157457777
Address
545 CARSON TERRACE, HUNTINGDON VLY, PA 19115

Signing Officer

Name
Ramazi Gotsiridze
Title
President
Phone
2157457777
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramazi Gotsiridze
Formed
2015
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Robert W Morris & Company Pc
Address
PO BOX 68, NEW BLOOMFIELD, PA 17068-0068
Preparer
Robert W Morris Iii
Phone
7175828135
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Make grants to the poor and otherwise disadvantaged childrena nd their families. Provide education and counseling for persons of georgian ancestry who wish to integrate fully into american society. Provide education and other services related to employment, job training and other aspects of human resources.

Form 990, Part XI, Line 9

Prior year unrealized loss 0

Raw XML Appendix227 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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IRS990/Desc0RELIEVE HUNGER, POVERT, MISERY, SICKNESS AND OTHER TYPES OF SUFFERING AMONG CHILDREN, THEIR FAMILITES AND THE POOR IN THE UNITED STATES.
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IRS990/FormationYr02015
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IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0195479
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0195479
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MAKE GRANTS TO THE POOR AND OTHERWISE DISADVANTAGED CHILDRENA ND THEIR FAMILIES. PROVIDE EDUCATION AND COUNSELING FOR PERSONS OF GEORGIAN ANCESTRY WHO WISH TO INTEGRATE FULLY INTO AMERICAN SOCIETY. PROVIDE EDUCATION AND OTHER SERVICES RELATED TO EMPLOYMENT, JOB TRAINING AND OTHER ASPECTS OF HUMAN RESOURCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0206274
IRS990/NetAssetsOrFundBalancesEOYAmt0206017
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0206274
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0206017
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0258
IRS990/OtherExpensesGrp/TotalAmt0258
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-780565
IRS990/PYRevenuesLessExpensesAmt0-780565
IRS990/PYTotalRevenueAmt0-780565
IRS990/ReconcilationRevenueExpnssAmt0-257
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05345
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt016
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAKE GRANTS TO THE POOR AND OTHERWISE DISADVANTAGED CHILDRENA ND THEIR FAMILIES. PROVIDE EDUCATION AND COUNSELING FOR PERSONS OF GEORGIAN ANCESTRY WHO WISH TO INTEGRATE FULLY INTO AMERICAN SOCIETY. PROVIDE EDUCATION AND OTHER SERVICES RELATED TO EMPLOYMENT, JOB TRAINING AND OTHER ASPECTS OF HUMAN RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR YEAR UNREALIZED LOSS 0
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IRS990/SchoolOperatingInd0false
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02157457777
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
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ReturnHeader/ReturnTs02022-11-15T12:19:06-05:00
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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