Civic Intelligence

Ascending Light Foundation Inc.

990 • Fiscal year 2016 • EIN 47-3545623

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 03, 2017

Organization ProfileN/A
2655 Collins Ave Unit E1506Miami Beach, FL 33140

(215) 745-7777

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2016

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

44th percentile

0.0%

Faster asset growth than 44% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Flat

$999,900

Flat from 2015

Net Assets

Flat

$999,900

Flat from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $999,900 (-100%) from 2015

Expenses

Flat

$0

Flat from 2015

Net Income

Down

$0

Down $999,900 (-100%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$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

2016

Assets$999,900
Liabilities$0
Net Assets$999,900
Open 2016 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$0
Expenses$0
Net Income$0
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 3, 2017
Return Version
2016v3.0
Gross Receipts
$0
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$999,900$999,900→ $0
Total Assets$999,900$999,900→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$999,900$999,900→ $0
Total Net Assets Fund Balance$999,900$999,900→ $0
Total Liabilities and Net Assets / Fund Balance$999,900$999,900→ $0
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Anatoliy PakhomovDirector
Ramazi GotsiridzeDirector/pre
Arnold ZimmeramnDirector/sec
Revenue and Support

Revenue Composition

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

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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 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
Address
2655 COLLINS AVE UNIT E1506, MIAMI BEACH, FL 33140

Signing Officer

Name
Ramazi Gotsiridze
Title
Director/president
Signed
2017-08-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ramazi Gotsiridze
Formed
2015
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
B Joseph Cellini & Company Inc
Address
2 WEST PENNSBURY WAY, CHADDS FORD, PA 19317-9307
Preparer
Richard B Kelly CPA Ata
Phone
6103889700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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”

Raw XML Appendix216 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/PRE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR/SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0999900
IRS990/NetAssetsOrFundBalancesEOYAmt0999900
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RAMAZI GOTSIRIDZE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0999900
IRS990/PYExcessBenefitTransInd0false
IRS990/PYRevenuesLessExpensesAmt0999900
IRS990/PYTotalRevenueAmt0999900
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0999900
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
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IRS990ScheduleA/PublicSupportTotal170Amt0999900
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0999900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0999900
IRS990ScheduleA/TotalSupportAmt0999900
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RELIEVE 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
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IRS990/TotalAssetsEOYAmt0999900
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR/PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASCENDING LIGHT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ASCE
ReturnHeader/Filer/EIN0473545623
ReturnHeader/Filer/USAddress/AddressLine1Txt02655 COLLINS AVE UNIT E1506
ReturnHeader/Filer/USAddress/CityNm0MIAMI BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 WEST PENNSBURY WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHADDS FORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0193179307
ReturnHeader/PreparerPersonGrp/PhoneNum06103889700
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD B KELLY CPA ATA
ReturnHeader/ReturnTs02017-09-13T19:02:22-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,900
Liabilities
$0
Net assets
$999,900
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$7.81$0.00$7.81
2018Detailed filing. Detailed filing data is available for this year.$9.99$0.00$9.99$0.00$0.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$10.00$0.00$10.00$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$10.00$0.00$10.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$10.00$0.00$10.00$10.00$0.00$10.00