Civic Intelligence

Catalytic Impact Foundation Inc.

990 • Fiscal year 2019 • EIN 47-5334467

Jan 01, 2019 to Dec 31, 2019 • Filed on May 06, 2020

Organization Profilewww.cavendishfoundation.org
PO Box 58Hingham, MA 02043

(607) 282-4032

Siviq Scores

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

Liabilities / Assets

75th percentile

0.35x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.20x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

92nd percentile

52%

Higher net margin than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

100th percentile

1932%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

817%

Faster revenue growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$867,151

Up $824,481 (+1932%) from 2018

Net Assets

Up

$563,401

Up $779,510 (+361%) from 2018

Liabilities

Up

$303,750

Up $44,971 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin92nd percentile

Revenue

Up

$1,537,057

Up $1,369,433 (+817%) from 2018

Expenses

Up

$733,797

Up $346,153 (+89%) from 2018

Net Income

Up

$803,260

Up $1,023,280 (+465%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2017: $3,317Net Assets 2017: $3,3172017Assets 2018: $42,670Liabilities 2018: $258,779Net Assets 2018: -$216,1092018Assets 2019: $867,151Liabilities 2019: $303,750Net Assets 2019: $563,4012019Assets 2020: $3,457,943Liabilities 2020: $331,815Net Assets 2020: $3,126,1282020Assets 2021: $757,380Liabilities 2021: $345,405Net Assets 2021: $411,9752021Assets 2022: $495,338Liabilities 2022: $342,841Net Assets 2022: $152,4972022Assets 2023: $1,001,269Liabilities 2023: $353,882Net Assets 2023: $647,3872023Assets 2024: $1,067,738Liabilities 2024: $316,653Net Assets 2024: $751,0852024

Highlighted filing

2019

Assets$867,151
Liabilities$303,750
Net Assets$563,401
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2017: $172,082Expenses 2017: $168,171Net Income 2017: $3,9112017Revenue 2018: $167,624Expenses 2018: $387,644Net Income 2018: -$220,0202018Revenue 2019: $1,537,057Expenses 2019: $733,797Net Income 2019: $803,2602019Revenue 2020: $4,075,104Expenses 2020: $1,512,377Net Income 2020: $2,562,7272020Revenue 2021: $980,430Expenses 2021: $3,694,583Net Income 2021: -$2,714,1532021Revenue 2022: $474,195Expenses 2022: $743,450Net Income 2022: -$269,2552022Revenue 2023: $1,297,166Expenses 2023: $791,484Net Income 2023: $505,6822023Revenue 2024: $1,102,424Expenses 2024: $998,726Net Income 2024: $103,6982024

Highlighted filing

2019

Revenue$1,537,057
Expenses$733,797
Net Income$803,260
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 6, 2020
Return Version
2019v5.1
Gross Receipts
$1,537,057
Mission and Program Overview

Mission

To provide grants to socially-responsible organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$42,670$867,151▲ $824,481
Total Assets$42,670$867,151▲ $824,481
Liabilities
Unsecured Notes Loans Payable$250,000$250,000→ $0
Accounts Payable and Accrued Expenses$8,779$53,750▲ $44,971
Total Liabilities$258,779$303,750▲ $44,971
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-216,109$560,215▲ $776,324
Net Assets With Donor Restrictions-$3,186-
Total Net Assets Fund Balance$-216,109$563,401▲ $779,510
Total Liabilities and Net Assets / Fund Balance$42,670$867,151▲ $824,481
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Rachel ButlerPresident
James PatrickDirector
Richard LipkinSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,530,427
Program Service Revenue
$0
Investment Income
$6,630
Other Revenue
$0
All Other Contributions
$1,530,427
Change in Net Assets
$803,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,537,057
Total Revenue per Audited Statements
$1,537,057
Total Revenue per Form 990
$1,537,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$610,719
Other Expenses$123,078
Total Fundraising Expense$1,870
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$610,719--$610,719
Fees for Services Other$57,471$6,626-$64,097
Interest-$30,000-$30,000
Travel-$16,091-$16,091
Other Expenses-$4,085$1,870$4,085
Insurance-$1,527-$1,527
Advertising-$1,442-$1,442
Office Expenses-$368-$368
Information Technology-$295-$295
All Other Expenses-$30-$30
Total Functional Expenses$668,190$63,737$1,870$733,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$733,797
Total Expenses per Audited Statements$733,797
Total Expenses per Form 990$733,797
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impactassets IncBethesda, MD501c3For Impact Investing Aligned w/ CIF Mission$600,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization reviews the 990 form at a board meeting prior to submitting to the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cavendish Impact Foundation
EIN
47-5334467
Phone
6072824032
Address
PO Box 58, Hingham, MA 02043

Signing Officer

Name
Rachel Butler
Title
President
Signed
2020-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Butler
Formed
2015
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Accrued Interest was not accounted for on the 2018 990-EZ. This reduces net assets by 23,750.”

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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/ExplanationTxt1The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
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IRS990/TotalLiabilitiesGrp/BOYAmt0258779
IRS990/TotalLiabilitiesGrp/EOYAmt0303750
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-216109
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0563401
IRS990/TotalProgramServiceExpensesAmt0668190
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01537057
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0867151
IRS990/TravelGrp/ManagementAndGeneralAmt016091
IRS990/TravelGrp/TotalAmt016091
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0250000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0250000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06098 West Lake Road 10
IRS990/USAddress/CityNm0Cooperstown
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd013326
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.cavendishfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rachel Butler
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cavendish Impact Foundation
ReturnHeader/Filer/BusinessNameControlTxt0CAVE
ReturnHeader/Filer/EIN0475334467
ReturnHeader/Filer/PhoneNum06072824032
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 58
ReturnHeader/Filer/USAddress/CityNm0Hingham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002043
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07377CDE7D592A90D10EA468E86AD2721955DB130
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07377CDE7D592A90D10EA468E86AD2721955DB130
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.149.108.5
ReturnHeader/FilingSecurityInformation/IPDt02020-05-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:46:23
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01321 Murfreesboro Pike Ste 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037217
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William G McRay
ReturnHeader/ReturnTs02020-05-06T08:51:28-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$867,151
Liabilities
$303,750
Net assets
$563,401
Revenue
$1,537,057
Expenses
$733,797
Net income
$803,260
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.32$0.75$1.10$1.00$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.35$0.65$1.30$0.79$0.51
2022Detailed filing. Detailed filing data is available for this year.$0.50$0.34$0.15$0.47$0.74$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.35$0.41$0.98$3.69$2.71
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.33$3.13$4.08$1.51$2.56
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.30$0.56$1.54$0.73$0.80
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.26$0.22$0.17$0.39$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.17$0.17$0.00