Civic Intelligence

Shoresh Inc.

990 • Fiscal year 2020 • EIN 52-1664097

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 08, 2021

3723 Old Court Road 206Baltimore, MD 21208

(410) 358-5871

Siviq Scores

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

Liabilities / Assets

49th percentile

0.16x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.40x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

6th percentile

-63%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$112,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 14.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

9th percentile

-7.2%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-56%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,814,006

Down $530,583 (-7.2%) from 2019

Net Assets

Down

$5,740,785

Down $483,698 (-7.8%) from 2019

Liabilities

Down

$1,073,221

Down $46,885 (-4.2%) from 2019

Revenue

Down

$766,559

Down $975,389 (-56%) from 2019

Expenses

Down

$1,250,257

Down $585,488 (-32%) from 2019

Net Income

Down

-$483,698

Down $389,901 (-416%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,801,535Liabilities 2010: $2,110,295Net Assets 2010: $5,691,2402010Assets 2011: $7,546,121Liabilities 2011: $2,140,012Net Assets 2011: $5,406,1092011Assets 2012: $7,413,883Liabilities 2012: $2,118,745Net Assets 2012: $5,295,1382012Assets 2013: $7,305,225Liabilities 2013: $1,876,831Net Assets 2013: $5,428,3942013Assets 2014: $7,357,626Liabilities 2014: $1,707,675Net Assets 2014: $5,649,9512014Assets 2015: $7,384,794Liabilities 2015: $1,572,667Net Assets 2015: $5,812,1272015Assets 2016: $7,344,025Liabilities 2016: $1,496,441Net Assets 2016: $5,847,5842016Assets 2017: $7,466,051Liabilities 2017: $1,206,683Net Assets 2017: $6,259,3682017Assets 2018: $7,434,351Liabilities 2018: $1,116,071Net Assets 2018: $6,318,2802018Assets 2019: $7,344,589Liabilities 2019: $1,120,106Net Assets 2019: $6,224,4832019Assets 2020: $6,814,006Liabilities 2020: $1,073,221Net Assets 2020: $5,740,7852020Assets 2021: $6,980,704Liabilities 2021: $818,785Net Assets 2021: $6,161,9192021Assets 2022: $6,469,437Liabilities 2022: $101,871Net Assets 2022: $6,367,5662022Assets 2023: $6,379,238Liabilities 2023: $106,086Net Assets 2023: $6,273,1522023Assets 2024: $6,243,042Liabilities 2024: $196,769Net Assets 2024: $6,046,2732024

Highlighted filing

2020

Assets$6,814,006
Liabilities$1,073,221
Net Assets$5,740,785

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $1,054,179Expenses 2010: $1,057,659Net Income 2010: -$3,4802010Expenses 2011: $1,209,2702011Expenses 2012: $1,297,1962012Revenue 2013: $1,598,259Expenses 2013: $1,465,003Net Income 2013: $133,2562013Revenue 2014: $1,666,512Expenses 2014: $1,444,955Net Income 2014: $221,5572014Revenue 2015: $1,767,905Expenses 2015: $1,605,729Net Income 2015: $162,1762015Revenue 2016: $1,710,503Expenses 2016: $1,675,046Net Income 2016: $35,4572016Revenue 2017: $2,131,247Expenses 2017: $1,719,463Net Income 2017: $411,7842017Revenue 2018: $1,737,890Expenses 2018: $1,678,978Net Income 2018: $58,9122018Revenue 2019: $1,741,948Expenses 2019: $1,835,745Net Income 2019: -$93,7972019Revenue 2020: $766,559Expenses 2020: $1,250,257Net Income 2020: -$483,6982020Revenue 2021: $2,221,471Expenses 2021: $1,800,337Net Income 2021: $421,1342021Revenue 2022: $2,359,622Expenses 2022: $2,153,975Net Income 2022: $205,6472022Revenue 2023: $2,272,069Expenses 2023: $2,366,483Net Income 2023: -$94,4142023Revenue 2024: $2,084,770Expenses 2024: $2,311,649Net Income 2024: -$226,8792024

Highlighted filing

2020

Revenue$766,559
Expenses$1,250,257
Net Income-$483,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 8, 2021
Return Version
2020v4.0
Gross Receipts
$835,964
Mission and Program Overview

Mission

Weekend/Camp activities, events and classes to teach children and adluts about their Jewish Heritage

Weekend/Camp activities, events and classes to teach children and adults about their Jewish Heritage

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,860,031$6,607,366▼ $252,665
Cash and Non-Interest-Bearing Accounts$154,018$144,053▼ $9,965
Accounts Receivable$328,718$61,480▼ $267,238
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,344,589$6,814,006▼ $530,583
Other Assets Total$1,822$1,107▼ $715
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,017,539$1,017,539→ $0
Accounts Payable and Accrued Expenses$56,702$37,881▼ $18,821
Other Liabilities$35,865$17,801▼ $18,064
Unsecured Notes Loans Payable$10,000--
Total Liabilities$1,120,106$1,073,221▼ $46,885
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,224,483$5,740,785▼ $483,698
Total Net Assets Fund Balance$6,224,483$5,740,785▼ $483,698
Total Liabilities and Net Assets / Fund Balance$7,344,589$6,814,006▼ $530,583

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,722,941$1,889,656$7,612,597
Land$623,198-$623,198
Leasehold Improvements$241,250$213,077$454,327
Equipment$19,977$71,154$91,131
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David FinkelsteinPresidentFT$97,000$15,000$112,000
Revenue and Support

Revenue Composition

Contributions and Grants
$208,091
Program Service Revenue
$14,275
Investment Income
$-4,537
Other Revenue
$548,730
All Other Contributions
$75,076
Change in Net Assets
$-483,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$772,400
Salaries, Compensation, and Employee Benefits$477,857
Total Fundraising Expense$215
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,653$211,243-$316,896
Depreciation Depletion$248,128--$248,128
Current Officers, Directors, Trustees, and Key Employees$112,000--$112,000
Insurance$74,618$14,157-$88,775
All Other Expenses$25,118$45,083$215$70,416
Other Employee Benefits-$31,429-$31,429
Other Expenses$21,829$121,565-$21,829
Occupancy-$19,824-$19,824
Payroll Taxes$7,734$9,798-$17,532
Office Expenses-$8,766-$8,766
Information Technology-$7,986-$7,986
Advertising-$1,730-$1,730
Fees for Services Legal-$1,700-$1,700
Fees for Services Other-$650-$650
Total Functional Expenses$776,111$473,931$215$1,250,257
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$412,530
Fundraising Direct Expenses$61,946
Gaming Gross Income$15,303
Gaming Direct Expenses$194
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Keeping Shoresh Roots Alive$222,090$222,090-$222,090
Night of Entertainment$155,283$155,283$61,371$93,912
Total Events$411,837$411,837$61,946$349,891
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card liability$17,801
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon Request, the organization makes its governing documents available to the public.

Filing and Contact Details

Filer

Filer Name
Shoresh Inc
EIN
52-1664097
Address
3723 Old Court Road 206, Baltimore, MD 21208

Signing Officer

Name
David Finkelstein
Title
President
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Finkelstein
Voting Board Members
1
Independent Board Members
0
Employees
32

Preparer

Firm
Graber & Associates CPAs
Address
6210 Park Heights Avenue Suite 101, Baltimore, MD 21215
Preparer
Steven J Graber CPA MS
Phone
4104663779
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05722941
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01889656
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07612597
IRS990ScheduleD/EquipmentGrp/BookValueAmt019977
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071154
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091131
IRS990ScheduleD/LandGrp/BookValueAmt0623198
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0623198
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0241250
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0213077
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0454327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06607366
IRS990ScheduleD/TotalLiabilityAmt017801
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt061946
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Keeping Shoresh Roots Alive
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Night of Entertainment
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0222090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0155283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt034464
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0411837
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0222090
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0155283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt034464
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0411837
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0349891
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0575
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt061946
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt061371
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt0194
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt015303
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt015303
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt015109
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0194
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt0194
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicensedStatesCd0MD
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/StatesWhereGamingConductedCd0MD
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon Request, the organization makes its governing documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt06814006
IRS990/TotalAssetsGrp/BOYAmt07344589
IRS990/TotalAssetsGrp/EOYAmt06814006
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0208091
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0215
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0473931
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0776111
IRS990/TotalFunctionalExpensesGrp/TotalAmt01250257
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01120106
IRS990/TotalLiabilitiesEOYAmt01073221
IRS990/TotalLiabilitiesGrp/BOYAmt01120106
IRS990/TotalLiabilitiesGrp/EOYAmt01073221
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06224483
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05740785
IRS990/TotalOtherCompensationAmt015000
IRS990/TotalProgramServiceExpensesAmt0776111
IRS990/TotalProgramServiceRevenueAmt014275
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06814006
IRS990/TravelGrp/TotalAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt010000
IRS990/USAddress/AddressLine1Txt02704 Bartol Avenue
IRS990/USAddress/CityNm0Baltimore
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021209
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Finkelstein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Shoresh Inc
ReturnHeader/Filer/BusinessNameControlTxt0SHOR
ReturnHeader/Filer/EIN0521664097
ReturnHeader/Filer/USAddress/AddressLine1Txt03723 Old Court Road 206
ReturnHeader/Filer/USAddress/CityNm0Baltimore
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161645089
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Graber & Associates CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06210 Park Heights Avenue Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Baltimore
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021215
ReturnHeader/PreparerPersonGrp/PhoneNum04104663779

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.24$0.20$6.05$2.08$2.31$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.38$0.11$6.27$2.27$2.37$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$0.10$6.37$2.36$2.15$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$0.82$6.16$2.22$1.80$0.42
2020Detailed filing. Detailed filing data is available for this year.$6.81$1.07$5.74$0.77$1.25$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.34$1.12$6.22$1.74$1.84$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$1.12$6.32$1.74$1.68$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.47$1.21$6.26$2.13$1.72$0.41
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$1.50$5.85$1.71$1.68$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.38$1.57$5.81$1.77$1.61$0.16
2014Detailed filing. Detailed filing data is available for this year.$7.36$1.71$5.65$1.67$1.44$0.22
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.31$1.88$5.43$1.60$1.47$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.41$2.12$5.30$1.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$2.14$5.41$1.21
2010Summary only. Only limited summary data is available for this year.$7.80$2.11$5.69$1.05$1.06$0.00