Civic Intelligence

Ascending Light Foundation Inc.

990 • Fiscal year 2020 • EIN 47-3545623

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

545 Carson TerraceHuntingdon Vly, PA 19115

(215) 745-7777

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 • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-55%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2020

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2020

Assets

Down

$206,274

Down $792,520 (-79%) from 2018

Net Assets

Down

$206,274

Down $792,520 (-79%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

-$780,565

Down $780,864 (-261159%) from 2018

Expenses

Down

$0

Down $1,041 (-100%) from 2018

Net Income

Down

-$780,565

Down $779,823 (-105097%) from 2018

Historical Trend

Balance Sheet Trend

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

2020

Assets$206,274
Liabilities$0
Net Assets$206,274

Operations Trend

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

2020

Revenue-$780,565
Expenses$0
Net Income-$780,565
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.0
Gross Receipts
$1,627,386
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-
Cash and Non-Interest-Bearing Accounts-$5,450-
Savings and Temporary Cash Investments-$5,345-
Total Assets$0$206,274▲ $206,274
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$206,274-
Total Net Assets Fund Balance$0$206,274▲ $206,274
Total Liabilities and Net Assets / Fund Balance$0$206,274▲ $206,274
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
$-780,565
Other Revenue
$0
Change in Net Assets
$-780,565
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 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
2021-11-10
Discuss with paid preparer
Yes

Organization Details

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

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 -299,559

Raw XML Appendix217 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MAKE 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/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0RAMAZI GOTSIRIDZE
IRS990/BooksInCareOfDetail/PhoneNum02157457777
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0545 CARSON TERRACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HUNTINGDON VALLEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019115
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt05450
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-780565
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-780565
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0-780565
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0RELIEVE HUNGER, POVERT, MISERY, SICKNESS AND OTHER TYPES OF SUFFERING AMONG CHILDREN, THEIR FAMILITES AND THE POOR IN THE UNITED STATES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0RAMAZI GOTSIRIDZE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-780580
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01627371
IRS990/GrossReceiptsAmt01627386
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0195479
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02407951
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/NetAssetsOrFundBalancesEOYAmt0206274
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-780580
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-780580
IRS990/NetUnrlzdGainsLossesInvstAmt0304398
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0206274
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0682441
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0RAMAZI GOTSIRIDZE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt0-780565
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05345
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt015
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt015
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt015
IRS990ScheduleA/Total509Grp/TotalAmt015
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt015
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt015
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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 -299,559
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0206274
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0206274
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0206274
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-780565
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-780565
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0206274
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0545 CARSON TERRACE
IRS990/USAddress/CityNm0HUNTINGDON VALLEY
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019115
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RAMAZI GOTSIRIDZE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02157457777
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASCENDING LIGHT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ASCE
ReturnHeader/Filer/EIN0473545623
ReturnHeader/Filer/PhoneNum02157457777
ReturnHeader/Filer/USAddress/AddressLine1Txt0545 CARSON TERRACE
ReturnHeader/Filer/USAddress/CityNm0HUNTINGDON VLY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019115
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251817405
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT W MORRIS & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 68
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW BLOOMFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0170680068
ReturnHeader/PreparerPersonGrp/PhoneNum07175828135
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W MORRIS III
ReturnHeader/ReturnTs02021-11-15T21:03:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RAMAZI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GOTSIRIDZE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings