Civic Intelligence

Soarway Foundation

990EZ • Fiscal year 2016 • EIN 47-3883147

Jan 01, 2016 to Dec 31, 2016 • Filed on May 14, 2017

342 W Pike STCanonsburg, PA 15317

(412) 315-4407

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

37th percentile

-1.6%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

89th percentile

$39,657

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 27.1% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

29th percentile

-9.6%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

82nd percentile

37%

Faster revenue growth than 82% of similar nonprofits.

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

Assets

Down

$21,653

Down $2,299 (-9.6%) from 2015

Net Assets

Down

$21,653

Down $2,299 (-9.6%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$146,543

Up $39,499 (+37%) from 2015

Expenses

Up

$148,842

Up $65,750 (+79%) from 2015

Net Income

Down

-$2,299

Down $26,251 (-110%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$21,653
Liabilities$0
Net Assets$21,653

Operations Trend

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

2016

Revenue$146,543
Expenses$148,842
Net Income-$2,299
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 14, 2017
Return Version
2016v3.0
Gross Receipts
$188,761
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-$148,842
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SCOTT DELISIExecutive DirectorFT$39,657-$39,657
DEVIN ORSIExecutive Vice PresidentFT$18,750-$18,750
JOSHUA LAMANCUSAPresidentPT$0--
ANTHONY LAGNESETreasurerPT$0--
ERIC SAGUNSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
The Soarway Foundation
EIN
47-3883147
Phone
4123154407
Address
342 W Pike ST, Canonsburg, PA 15317

Signing Officer

Name
Scott Delisi
Title
Executive Director
Phone
4123154407
Signed
2017-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Carol Johnston
Address
127 SANDY BRAE DR, CANONSBURG, PA 15317
Preparer
Carol Johnston
Phone
4122177079
Supplemental Narrative

Additional Explanations

Other

Form 990-EZ, Part III, Primary Exempt Purpose - The Soarway Foundation's purpose is to address, coordinate and provide aid and relief to Nepal on a local and global level.

Other

Form 990-EZ, Part III, Line 28, Program Service Accomplishments: The organization provides any necessary aid to the people of Nepal. We provide food, water, clothing, medicine, equipment and education by accepting donations from the public and dedicating the funds to the purchase and shipment of necessary supplies to disaster areas of Nepal. This includes expeditions to Nepal to deliver the supplies and equipment, as well as teaching the people to use the delivered equipment and help to build shelters and facilities to house the equipment. We also provide education on emergency response so the people of Nepal will be capable of being first responders to disaster sites when a disaster strikes.

Other

Form 990-EZ, Part V, Information Regarding Personal Benefit Contracts: The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indirectly, on a personal benefit contract.

Form 990EZ, Part I, Line 10

Contribution to nepal foundation; contribution; nepal foundation: po box 654, naalehu, hi, 96772; no

Form 990EZ, Part I, Line 10

Contribution to international development institute; contribution; international development institu

Form 990EZ, Part I, Line 16

Bank Fees 1887.

Form 990EZ, Part I, Line 16

Insurance 933.

Form 990EZ, Part I, Line 16

Office Expense 2902.

Form 990EZ, Part I, Line 16

Telephone 1975.

Form 990EZ, Part I, Line 16

Travel 44538.

Raw XML Appendix169 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990-EZ, Part III, Primary Exempt Purpose - The Soarway Foundation's purpose is to address, coordinate and provide aid and relief to Nepal on a local and global level.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990-EZ, Part III, Line 28, Program Service Accomplishments: The organization provides any necessary aid to the people of Nepal. We provide food, water, clothing, medicine, equipment and education by accepting donations from the public and dedicating the funds to the purchase and shipment of necessary supplies to disaster areas of Nepal. This includes expeditions to Nepal to deliver the supplies and equipment, as well as teaching the people to use the delivered equipment and help to build shelters and facilities to house the equipment. We also provide education on emergency response so the people of Nepal will be capable of being first responders to disaster sites when a disaster strikes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990-EZ, Part V, Information Regarding Personal Benefit Contracts: The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indirectly, on a personal benefit contract.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRIBUTION TO NEPAL FOUNDATION; CONTRIBUTION; NEPAL FOUNDATION: PO BOX 654, NAALEHU, HI, 96772; NO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRIBUTION TO INTERNATIONAL DEVELOPMENT INSTITUTE; CONTRIBUTION; INTERNATIONAL DEVELOPMENT INSTITU
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