Civic Intelligence

Ascending Light Foundation Inc.

990 • Fiscal year 2015 • EIN 47-3545623

Jan 01, 2015 to Dec 31, 2015 • 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

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.00x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets25th percentile

Assets

$999,900

No earlier filing loaded for comparison.

Net Assets

$999,900

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin100th percentile

Revenue

$999,900

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$999,900

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2015

Assets$999,900
Liabilities$0
Net Assets$999,900
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2015

Revenue$999,900
Expenses$0
Net Income$999,900
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 3, 2017
Return Version
2015v3.0
Gross Receipts
$999,900
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-
Total Assets$0$999,900▲ $999,900
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$999,900-
Total Net Assets Fund Balance$0$999,900▲ $999,900
Total Liabilities and Net Assets / Fund Balance$0$999,900▲ $999,900
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
$999,900
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$999,900
Change in Net Assets
$999,900
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 Appendix218 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0999900
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
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IRS990/InitialReturnInd0X
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IRS990/IRPDocumentCnt00
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0999900
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/ReconcilationRevenueExpnssAmt0999900
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0999900
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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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ReasonableCauseExplanation/ExplanationTxt0DIRECTORS THOUGHT THAT THE ATTORNYS WHO CREATED THE ENTITY AND FILED 1023 APPLICATION WERE GOING TO FILE THE 990 RETURNS DIRECTOR HAD FAMILY HEALTH ISSUES SURROUNDING THE SICKNESS AND DEATH OF BOTH PARENTS OF THE DIRECTOR WHICH LED TO INACTIVITY IN THE NON-PROFIT ENTITY.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASCENDING LIGHT FOUNDATION INC
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ReturnHeader/Filer/EIN0473545623
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerPersonGrp/PhoneNum06103889700
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD B KELLY CPA ATA
ReturnHeader/ReturnTs02017-09-13T19:10:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,900
Liabilities
$0
Net assets
$999,900
Revenue
$999,900
Expenses
$0
Net income
$999,900
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