Civic Intelligence

The Farago Foundation Inc

EIN 58-1792400 • Asheville, NC

PO Box 8907Asheville, NC 28814
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

66th percentile

0.00x

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

<$500k nonprofits • Source year 2018

Net Margin

6th percentile

-423%

Higher net margin than 6% of similar nonprofits.

<$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

<$500k nonprofits • Source year 2018

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2015 to 2018

Revenue Growth

36th percentile

-16%

Faster revenue growth than 36% of similar nonprofits.

<$500k nonprofits • Annualized from 2015 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $531,615 (-100%) from 2015

Liabilities

Flat

$0

Flat from 2015

Net Assets

$0

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue66th percentileNet Margin6th percentile

Revenue

Down

$34,773

Down $23,933 (-41%) from 2015

Expenses

Up

$181,962

Up $62,114 (+52%) from 2015

Net Income

Down

-$147,189

Down $86,047 (-141%) from 2015

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $655,894Liabilities 2011: $02011Assets 2012: $677,927Liabilities 2012: $02012Assets 2013: $737,323Liabilities 2013: $02013Assets 2014: $695,613Liabilities 2014: $02014Assets 2015: $531,615Liabilities 2015: $02015Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth36th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2011: $40,807Expenses 2011: $37,108Net Income 2011: $3,6992011Revenue 2012: $74,830Expenses 2012: $73,965Net Income 2012: $8652012Revenue 2013: $28,311Expenses 2013: $50,913Net Income 2013: -$22,6022013Revenue 2014: $63,831Expenses 2014: $70,742Net Income 2014: -$6,9112014Revenue 2015: $58,706Expenses 2015: $119,848Net Income 2015: -$61,1422015Revenue 2018: $34,773Expenses 2018: $181,962Net Income 2018: -$147,1892018

Highlighted filing

2018

Revenue$34,773
Expenses$181,962
Net Income-$147,189
Open 2018 Filing

Filings

Most recent year

2018 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$34,773
Expenses
$181,962
Net income
-$147,189
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.35$1.82$1.47
2015Summary only. Only limited summary data is available for this year.$5.32$0.00$0.59$1.20$0.61
2014Summary only. Only limited summary data is available for this year.$6.96$0.00$0.64$0.71$0.07
2013Summary only. Only limited summary data is available for this year.$7.37$0.00$0.28$0.51$0.23
2012Summary only. Only limited summary data is available for this year.$6.78$0.00$0.75$0.74$0.01
2011Summary only. Only limited summary data is available for this year.$6.56$0.00$0.41$0.37$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 7, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan D FaragoDirector-$0--
Paul R FaragoPresident-$0--
Michelle T FaragoSecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Farago Foundation Inc
EIN
58-1792400
Phone
8282528096
Address
PO Box 8907, Asheville, NC 28814

Signing Officer

Name
Paul R Farago
Title
President
Signed
2019-07-07
Discuss with paid preparer
Yes

Preparer

Firm
Kevin W Keithley CPA PC
Address
715 SW Morrison Ste 700, Portland, OR 97205
Preparer
Kevin W Keithley
Phone
5032285585
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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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IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0true
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IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0715 SW Morrison Street Suite 700
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Portland
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0OR
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd097205
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0true
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0FL
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0Kevin W Keithley
IRS990PF/StatementsRegardingActyGrp/PhoneNum05032285585
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0false
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0N/A
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientEmailAddressTxt0[email protected]
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0Mr Paul R Farago
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum08282528096
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt0PO Box 8907
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0Asheville
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd028814
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0Grants made only upon approval by the Foundation's board of directors.
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0N/A
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt015000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1150343
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0Charitable
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1Charitable
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PF
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PF
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm0Duke University
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientPersonNm1NEO Philanthropy
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1None
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt02138 Campus Drive
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt145 W 36th St 6th Floor
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0Durham
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1New York
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0NC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd1NY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd027708
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd110018
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0165343
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt017910
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt017910
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0127834
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt086239
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt065136
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt045465
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt045465
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0426642
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0147433
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0127834
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt086239
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt065136
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0165343
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0147433
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0472107
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt0324674
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LiquidationExplanationStmt/ExplanationTxt0The Farago Foundation, Inc. is filing a final tax return. A portion of it's assets were donated to a Donor Advised Fund at NEO Philanthropy (as shown on Statement 8) and then The Farago Foundation, Inc. merged with the Constructive Management Foundation (EIN 05-0438672). A complete copy of the Articles of Merger filed with the Florida Department of State and the State of Rhode Island as well as the related consents of both organizations Board of Directors is attached to this return.The net cost basis of assets donated to Neo Philanthropy was $150,343 and the net cost basis of assets remaining that were transferred to the Constructive Management Foundation was $200,396.
OtherDecreasesSchedule/OtherDecreasesDetail/Amt0200396
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0Transfer to Constructive Management Foundation
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Bank Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Florida Annual Report
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0129
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1960
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt05525
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Hinckley, Allen & Snyder
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/Amt0152
TaxesSchedule/TaxesDetail/Amt160
TaxesSchedule/TaxesDetail/CategoryTxt0Federal Income Tax
TaxesSchedule/TaxesDetail/CategoryTxt1State of Florida Tax
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0152
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul R Farago
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Farago Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0FARA
ReturnHeader/Filer/EIN0581792400
ReturnHeader/Filer/PhoneNum08282528096
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 8907
ReturnHeader/Filer/USAddress/CityNm0Asheville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028814
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0931212696
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kevin W Keithley CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0715 SW Morrison Ste 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Portland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097205
ReturnHeader/PreparerPersonGrp/PhoneNum05032285585
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kevin W Keithley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-07-15T09:14:12-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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