Civic Intelligence

Soarway Foundation

990EZ • Fiscal year 2020 • EIN 47-3883147

Jan 01, 2020 to Dec 31, 2020 • Filed on May 13, 2021

Organization Profilewww.soarway-foundation.org
5022 Grand Beech CtHaymarket, VA 20169

(703) 401-2951

Siviq Scores

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

Liabilities / Assets

90th percentile

0.64x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.32x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

55th percentile

8.4%

Higher net margin than 55% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$40,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

428%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

273%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$85,690

Up $69,472 (+428%) from 2019

Net Assets

Up

$30,857

Up $14,639 (+90%) from 2019

Liabilities

Up

$54,833

Up $54,833 from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin55th percentile

Revenue

Up

$173,480

Up $126,926 (+273%) from 2019

Expenses

Up

$158,841

Up $6,552 (+4.3%) from 2019

Net Income

Up

$14,639

Up $120,374 (+114%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$150K$100K$50K$0-$50KAssets 2015: $23,952Liabilities 2015: $0Net Assets 2015: $23,9522015Assets 2016: $21,653Liabilities 2016: $0Net Assets 2016: $21,6532016Assets 2018: $90,201Liabilities 2018: $0Net Assets 2018: $90,2012018Assets 2019: $16,218Liabilities 2019: $0Net Assets 2019: $16,2182019Assets 2020: $85,690Liabilities 2020: $54,833Net Assets 2020: $30,8572020Assets 2021: $81,477Liabilities 2021: $47,810Net Assets 2021: $33,6672021Assets 2022: $17,639Liabilities 2022: $50,000Net Assets 2022: -$32,3612022Assets 2023: $137,402Liabilities 2023: $0Net Assets 2023: $137,4022023Assets 2024: $69,979Liabilities 2024: $0Net Assets 2024: $69,9792024

Highlighted filing

2020

Assets$85,690
Liabilities$54,833
Net Assets$30,857
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2015: $107,044Expenses 2015: $83,092Net Income 2015: $23,9522015Revenue 2016: $146,543Expenses 2016: $148,842Net Income 2016: -$2,2992016Revenue 2018: $173,936Expenses 2018: $132,372Net Income 2018: $41,5642018Revenue 2019: $46,554Expenses 2019: $152,289Net Income 2019: -$105,7352019Revenue 2020: $173,480Expenses 2020: $158,841Net Income 2020: $14,6392020Revenue 2021: $259,348Expenses 2021: $256,538Net Income 2021: $2,8102021Revenue 2022: $124,665Expenses 2022: $195,526Net Income 2022: -$70,8612022Revenue 2023: $232,216Expenses 2023: $112,453Net Income 2023: $119,7632023Revenue 2024: $41,455Expenses 2024: $108,878Net Income 2024: -$67,4232024

Highlighted filing

2020

Revenue$173,480
Expenses$158,841
Net Income$14,639
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 13, 2021
Return Version
2020v4.1
Gross Receipts
$173,480
Mission and Program Overview

Mission

The soarway foundation's purpose is to address, coordinate, and provide aid and relief to nepal on a local and global level.

See Schedule O

Program Services

DescriptionGrantsExpenses
See Schedule O-$98,362
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott DeLisiExecutive DirectorFT$40,000-$40,000
Joshua LamancusaPresidentPT$0--
Anthony LagneseTreasurerPT$0--
Eric SagunSecretaryPT$0--
Devin OrsiExecutive Vice PresidentFT$0--
Filing and Contact Details

Filer

Filer Name
The Soarway Foundation
EIN
47-3883147
Address
5022 Grand Beech Ct, Haymarket, VA 20169

Signing Officer

Name
Scott DeLisi
Title
Executive Direc
Phone
7034012951
Signed
2021-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Keya Accounting & Tax Services LLC
Address
3615 Chain Bridge Road Suite C, Fairfax, VA 22030
Preparer
Keshab Baral
Phone
5712168951
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

“Description AmountPPP Loan Forgivenss 6,667”

List of grants and similar amounts paid Part I line 10

“Activity Missin Fulfillment Amount 98,362”

Description of other expenses Part I line 16

“Description AmountFundraising Expenses 7,510Advertising 464Bank Fees 1,060Dues and Subscription Fees 296Postage 66Supplies 1,914Telephone and Internet 842Insurance 933Payroll Processing Fees 540Travel 2,230Website Fees 64”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearPPP Loan 0 4,833SBA Loan 0 50,000”

Raw XML Appendix163 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Scott DeLisi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Devin Orsi
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Executive Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt015919
IRS990EZ/OtherRevenueTotalAmt06667
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt098362
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IRS990EZ/SalariesOtherCompEmplBnftAmt043060
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt054833
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0158841
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IRS990EZ/TotalRevenueAmt0173480
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.soarway-foundation.org
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0166813
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt046554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0173936
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.88280
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0166813
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0672503
IRS990ScheduleA/TotalSupportAmt0679327
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountPPP Loan Forgivenss 6,667
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Missin Fulfillment Amount 98,362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountFundraising Expenses 7,510Advertising 464Bank Fees 1,060Dues and Subscription Fees 296Postage 66Supplies 1,914Telephone and Internet 842Insurance 933Payroll Processing Fees 540Travel 2,230Website Fees 64
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0473883147
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ReturnHeader/PreparerPersonGrp/PhoneNum05712168951
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Keshab Baral
ReturnHeader/ReturnTs02021-07-06T15:01:06-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Scott
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DeLisi
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$85,690
Liabilities
$54,833
Net assets
$30,857
Revenue
$173,480
Expenses
$158,841
Net income
$14,639
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.41$1.09$0.67
2023Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$2.32$1.12$1.20
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.50$0.32$1.25$1.96$0.71
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.48$0.34$2.59$2.57$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.55$0.31$1.73$1.59$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.47$1.52$1.06
2018Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.74$1.32$0.42
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.47$1.49$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$1.07$0.83$0.24