Civic Intelligence

Micronesian Shark Foundation

990EZ • Fiscal year 2020 • EIN 66-0671488

Jan 01, 2020 to Dec 31, 2020 • Filed on May 21, 2021

PO Box 964Koror 96940Ps

(302) 254-8240

Siviq Scores

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

Liabilities / Assets

90th percentile

0.62x

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

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

Liabilities / Revenue

97th percentile

1.96x

Higher debt load relative to revenue than 97% of similar nonprofits.

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

Net Margin

7th percentile

-106%

Higher net margin than 7% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

13th percentile

-34%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

74th percentile

11%

Faster revenue growth than 74% of similar nonprofits.

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

Assets

Down

$144,354

Down $73,168 (-34%) from 2019

Net Assets

Down

$54,236

Down $48,747 (-47%) from 2019

Liabilities

Down

$90,118

Down $24,421 (-21%) from 2019

Revenue

Up

$46,061

Up $4,643 (+11%) from 2019

Expenses

Up

$94,808

Up $74,039 (+356%) from 2019

Net Income

Down

-$48,747

Down $69,396 (-336%) from 2019

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2010: $40,480Liabilities 2010: $45,349Net Assets 2010: -$4,8692010Assets 2011: $91,430Liabilities 2011: $55,875Net Assets 2011: $35,5552011Assets 2012: $132,869Liabilities 2012: $74,670Net Assets 2012: $58,1992012Assets 2013: $158,973Liabilities 2013: $75,304Net Assets 2013: $83,6692013Assets 2014: $158,541Liabilities 2014: $84,977Net Assets 2014: $73,5642014Assets 2015: $182,859Liabilities 2015: $87,228Net Assets 2015: $95,6312015Assets 2016: $201,169Liabilities 2016: $88,039Net Assets 2016: $113,1302016Assets 2017: $181,644Liabilities 2017: $97,174Net Assets 2017: $84,4702017Assets 2018: $195,962Liabilities 2018: $113,628Net Assets 2018: $82,3342018Assets 2019: $217,522Liabilities 2019: $114,539Net Assets 2019: $102,9832019Assets 2020: $144,354Liabilities 2020: $90,118Net Assets 2020: $54,2362020Assets 2021: $97,057Liabilities 2021: $109,481Net Assets 2021: -$12,4242021Assets 2022: $131,331Liabilities 2022: $67,305Net Assets 2022: $64,0262022Assets 2023: $173,853Liabilities 2023: $67,305Net Assets 2023: $106,5482023Assets 2024: $197,362Liabilities 2024: $65,955Net Assets 2024: $131,4072024

Highlighted filing

2020

Assets$144,354
Liabilities$90,118
Net Assets$54,236

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $11,316Expenses 2010: $35,053Net Income 2010: -$23,7372010Revenue 2011: $99,520Expenses 2011: $59,096Net Income 2011: $40,4242011Expenses 2012: $261,7982012Revenue 2013: $68,434Expenses 2013: $42,964Net Income 2013: $25,4702013Revenue 2014: $22,715Expenses 2014: $32,820Net Income 2014: -$10,1052014Revenue 2015: $27,293Expenses 2015: $5,226Net Income 2015: $22,0672015Revenue 2016: $23,392Expenses 2016: $5,893Net Income 2016: $17,4992016Revenue 2017: $20,222Expenses 2017: $48,882Net Income 2017: -$28,6602017Revenue 2018: $21,674Expenses 2018: $23,810Net Income 2018: -$2,1362018Revenue 2019: $41,418Expenses 2019: $20,769Net Income 2019: $20,6492019Revenue 2020: $46,061Expenses 2020: $94,808Net Income 2020: -$48,7472020Revenue 2021: $3,441Expenses 2021: $22,397Net Income 2021: -$18,9562021Revenue 2022: $90,101Expenses 2022: $13,651Net Income 2022: $76,4502022Revenue 2023: $50,033Expenses 2023: $7,511Net Income 2023: $42,5222023Revenue 2024: $29,100Expenses 2024: $4,241Net Income 2024: $24,8592024

Highlighted filing

2020

Revenue$46,061
Expenses$94,808
Net Income-$48,747
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 21, 2021
Return Version
2020v4.1
Gross Receipts
$46,061
Mission and Program Overview

Mission

The objective of the organization is to make palau synonymous with shark study, shark protection, and environmental awareness.

Program Services

DescriptionGrantsExpenses
RESEARCH OF SHARKS AND SHARK PROTECTION IN PALAU$46,060$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KENNETH JOHNNYMemberPT$0--
YARDEN BORNOVSKIMemberPT$0--
TOVA HAREL BORNOVSKIPresidentPT$0--
NAVOT BORNOVSKIMemberPT$0--
Filing and Contact Details

Filer

Filer Name
Micronesian Shark Foundation
EIN
66-0671488
Phone
3022548240
Address
PS

Signing Officer

Name
Tova Harel Bornovski
Title
President
Signed
2021-05-21
Discuss with paid preparer
Yes

Preparer

Firm
Wheeler Wolfenden & Dwares Pa
Address
4550 NEW LINDEN HILL ROAD STE 201, WILMINGTON, DE 19808
Preparer
B Christopher Daney CPA Mba Mst
Phone
3022548240
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 1.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: bank service charges. Amount: 189. Description: licenses and permits. Amount: 701. Description: ocean 2020 project. Amount: 90,030. Description: advertising expense. Amount: 143. Total to form 990-ez, line 16: 91,063.

Form 990-ez, Part II, Line 24 - Other Assets

Description: donations receivable. Beg. Of year amount: 0. End of year amount: 40,000.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 114,539. End of year amount: 90,118.

Raw XML Appendix178 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/PersonNm3NAVOT BORNOVSKI
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt040000
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt091063
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE OBJECTIVE OF THE ORGANIZATION IS TO MAKE PALAU SYNONYMOUS WITH SHARK STUDY, SHARK PROTECTION, AND ENVIRONMENTAL AWARENESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RESEARCH OF SHARKS AND SHARK PROTECTION IN PALAU
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt046060
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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IRS990EZ/TotalRevenueAmt046061
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt041415
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt020983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt020220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt023390
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0152068
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt023390
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt020220
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt023390
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0152068
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0FISH'N FINS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt075304
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FISH'N FINS IS OWNED BY OFFICERS OF THE ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt055040
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 189. DESCRIPTION: LICENSES AND PERMITS. AMOUNT: 701. DESCRIPTION: OCEAN 2020 PROJECT. AMOUNT: 90,030. DESCRIPTION: ADVERTISING EXPENSE. AMOUNT: 143. TOTAL TO FORM 990-EZ, LINE 16: 91,063.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DONATIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 40,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 114,539. END OF YEAR AMOUNT: 90,118.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/ForeignPhoneNum03022548240
ReturnHeader/BusinessOfficerGrp/PersonNm0TOVA HAREL BORNOVSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICRONESIAN SHARK FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0660671488
ReturnHeader/Filer/ForeignAddress/AddressLine1Txt0PO BOX 964
ReturnHeader/Filer/ForeignAddress/CityNm0KOROR
ReturnHeader/Filer/ForeignAddress/CountryCd0PS
ReturnHeader/Filer/ForeignAddress/ForeignPostalCd096940
ReturnHeader/Filer/PhoneNum03022548240
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510380493
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHEELER WOLFENDEN & DWARES PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 NEW LINDEN HILL ROAD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019808
ReturnHeader/PreparerPersonGrp/PhoneNum03022548240
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0B CHRISTOPHER DANEY CPA MBA MST
ReturnHeader/ReturnTs02021-05-26T07:45:00-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOVA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAREL BORNOVSKI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.97$0.66$1.31$0.29$0.04$0.25
2023Detailed filing. Detailed filing data is available for this year.$1.74$0.67$1.07$0.50$0.08$0.43
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.67$0.64$0.90$0.14$0.76
2021Detailed filing. Detailed filing data is available for this year.$0.97$1.09$0.12$0.03$0.22$0.19
2020Detailed filing. Detailed filing data is available for this year.$1.44$0.90$0.54$0.46$0.95$0.49
2019Detailed filing. Detailed filing data is available for this year.$2.18$1.15$1.03$0.41$0.21$0.21
2018Detailed filing. Detailed filing data is available for this year.$1.96$1.14$0.82$0.22$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.97$0.84$0.20$0.49$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.01$0.88$1.13$0.23$0.06$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.87$0.96$0.27$0.05$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.59$0.85$0.74$0.23$0.33$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.59$0.75$0.84$0.68$0.43$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.75$0.58$2.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.56$0.36$1.00$0.59$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.45$0.05$0.11$0.35$0.24