Civic Intelligence

Micronesian Shark Foundation

990EZ • Fiscal year 2022 • EIN 66-0671488

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 23, 2023

PO Box 964Koror, Koror 96940Ps

(302) 254-8240

Siviq Scores

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

Liabilities / Assets

90th percentile

0.51x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.75x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

96th percentile

85%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

79th percentile

35%

Faster asset growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

2518%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$131,331

Up $34,274 (+35%) from 2021

Net Assets

Up

$64,026

Up $76,450 (+615%) from 2021

Liabilities

Down

$67,305

Down $42,176 (-39%) from 2021

Revenue

Up

$90,101

Up $86,660 (+2518%) from 2021

Expenses

Down

$13,651

Down $8,746 (-39%) from 2021

Net Income

Up

$76,450

Up $95,406 (+503%) from 2021

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

2022

Assets$131,331
Liabilities$67,305
Net Assets$64,026

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

2022

Revenue$90,101
Expenses$13,651
Net Income$76,450
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 23, 2023
Return Version
2022v5.0
Gross Receipts
$90,101
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$0$13,651
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TOVA HAREL BORNOVSKIPresidentPT$0--
YARDEN BORNOVSKIMemberPT$0--
NAVOT BORNOVSKIMemberPT$0--
KENNETH JOHNNYMemberPT$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
2023-06-23
Discuss with paid preparer
Yes

Preparer

Firm
Carr Riggs & Ingram LLC
Address
500 GRAND BOULEVARD SUITE 210, MIRAMAR BEACH, FL 32550
Preparer
B Christopher Daney CPA
Phone
8508373141
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: advertising expense. Amount: 144. Description: bank service charges. Amount: 353. Description: licenses and permits. Amount: 245. Description: ocean 2020 project. Amount: 6,556. Description: office supplies. Amount: 2,400. Total to form 990-ez, line 16: 9,698.

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

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

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

Description: due to fish'n fins. Beg. Of year amount: 74,403. End of year amount: 32,227. Description: due to ocean productions. Beg. Of year amount: 35,078. End of year amount: 35,078.

Raw XML Appendix190 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/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE OBJECTIVE OF THE ORGANIZATION IS TO MAKE PALAU SYNONYMOUS WITH SHARK STUDY, SHARK PROTECTION, AND ENVIRONMENTAL AWARENESS.
IRS990EZ/PrintingPublicationsPostageAmt053
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0FISH'N FINS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1OCEAN PRODUCTIONS
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IRS990ScheduleL/TotalBalanceDueAmt067305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING EXPENSE. AMOUNT: 144. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 353. DESCRIPTION: LICENSES AND PERMITS. AMOUNT: 245. DESCRIPTION: OCEAN 2020 PROJECT. AMOUNT: 6,556. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 2,400. TOTAL TO FORM 990-EZ, LINE 16: 9,698.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DONATIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 40,000. END OF YEAR AMOUNT: 40,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DUE TO FISH'N FINS. BEG. OF YEAR AMOUNT: 74,403. END OF YEAR AMOUNT: 32,227. DESCRIPTION: DUE TO OCEAN PRODUCTIONS. BEG. OF YEAR AMOUNT: 35,078. END OF YEAR AMOUNT: 35,078.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
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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
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-23
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 GRAND BOULEVARD SUITE 210
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ReturnHeader/PreparerPersonGrp/PhoneNum08508373141
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0B CHRISTOPHER DANEY CPA
ReturnHeader/ReturnTs02023-06-30T18:38:29-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TOVA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAREL BORNOVSKI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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