Civic Intelligence

Twilight Wish Foundation

990 • Fiscal year 2020 • EIN 73-1670060

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 02, 2020

PO Box 1042Doylestown, PA 18901

(215) 230-8777

Siviq Scores

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

Liabilities / Assets

56th percentile

0.08x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

50th percentile

0.06x

Higher debt load relative to revenue than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$13,540

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

96th percentile

248%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$529,935

Up $377,500 (+248%) from 2019

Net Assets

Up

$489,954

Up $342,857 (+233%) from 2019

Liabilities

Up

$39,981

Up $34,643 (+649%) from 2019

Revenue

Up

$661,803

Up $234,431 (+55%) from 2019

Expenses

Down

$318,946

Down $78,402 (-20%) from 2019

Net Income

Up

$342,857

Up $312,833 (+1042%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2012: $79,849Liabilities 2012: $127,627Net Assets 2012: -$47,7782012Assets 2013: $88,287Liabilities 2013: $117,384Net Assets 2013: -$29,0972013Assets 2014: $90,390Liabilities 2014: $74,592Net Assets 2014: $15,7982014Assets 2016: $98,713Liabilities 2016: $27,024Net Assets 2016: $71,6892016Assets 2017: $106,909Liabilities 2017: $21,876Net Assets 2017: $85,0332017Assets 2018: $122,384Liabilities 2018: $5,311Net Assets 2018: $117,0732018Assets 2019: $152,435Liabilities 2019: $5,338Net Assets 2019: $147,0972019Assets 2020: $529,935Liabilities 2020: $39,981Net Assets 2020: $489,9542020Assets 2022: $545,720Liabilities 2022: $33,798Net Assets 2022: $511,9222022Assets 2023: $562,234Liabilities 2023: $20,234Net Assets 2023: $542,0002023Assets 2024: $588,907Liabilities 2024: $10,849Net Assets 2024: $578,0582024

Highlighted filing

2020

Assets$529,935
Liabilities$39,981
Net Assets$489,954

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2012: $559,494Expenses 2012: $550,692Net Income 2012: $8,8022012Revenue 2013: $532,068Expenses 2013: $513,387Net Income 2013: $18,6812013Revenue 2014: $408,640Expenses 2014: $363,745Net Income 2014: $44,8952014Revenue 2016: $415,085Expenses 2016: $406,555Net Income 2016: $8,5302016Revenue 2017: $382,278Expenses 2017: $368,934Net Income 2017: $13,3442017Revenue 2018: $388,909Expenses 2018: $356,869Net Income 2018: $32,0402018Revenue 2019: $427,372Expenses 2019: $397,348Net Income 2019: $30,0242019Revenue 2020: $661,803Expenses 2020: $318,946Net Income 2020: $342,8572020Revenue 2022: $496,809Expenses 2022: $583,741Net Income 2022: -$86,9322022Revenue 2023: $580,579Expenses 2023: $545,748Net Income 2023: $34,8312023Revenue 2024: $581,808Expenses 2024: $545,750Net Income 2024: $36,0582024

Highlighted filing

2020

Revenue$661,803
Expenses$318,946
Net Income$342,857
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$661,803
Mission and Program Overview

Mission

Our mission is to honor and enrich the lives of seniors through

Our mission is to honor and enrich the lives of seniors through intergenerational Twilight Wish celebrations. Our vision is to impact the cultural behavior by inspiring the way our society views aging to make our world a nicer place to age. One Twilight Wish at a time. Total wishes granted since inceptions: 3540

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$0$314,598▲ $314,598
Cash and Non-Interest-Bearing Accounts$143,699$174,614▲ $30,915
Land, Buildings, and Equipment, Net$6,554$32,075▲ $25,521
Inventories for Sale or Use$2,182$2,182→ $0
Total Assets$152,435$529,935▲ $377,500
Other Assets Total-$6,466-
Liabilities
Other Liabilities$250$27,525▲ $27,275
Unsecured Notes Loans Payable-$12,089-
Accounts Payable and Accrued Expenses$5,088$367▼ $4,721
Total Liabilities$5,338$39,981▲ $34,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$132,640$480,198▲ $347,558
Net Assets With Donor Restrictions$14,457$9,756▼ $4,701
Total Net Assets Fund Balance$147,097$489,954▲ $342,857
Total Liabilities and Net Assets / Fund Balance$152,435$529,935▲ $377,500

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,030$8,355$35,385
Other Land Buildings$2,479$16,038$18,517
Equipment$2,566$14,805$17,371
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary FarrellDirector Comm RelationsPT$13,540-$13,540
Michelle BowrenDirector Wish MngtPT$12,137-$12,137
Catherine ForkinCVO & Vice Chairman-$475-$475
Catherine Forkin---$475$475

Board Members and Trustees

NameTitle
James CiervoChairman
Annabella WoodMember
Jack ReganMember
Mary Mannix MeisterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$634,900
Program Service Revenue
$0
Investment Income
$173
Other Revenue
$26,730
All Other Contributions
$634,900
Change in Net Assets
$342,857

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Audited Revenue Reconciliation

Revenue per Audited Statements
$661,803
Total Revenue per Audited Statements
$661,803
Total Revenue per Form 990
$661,803
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$194,009
Other Expenses$76,365
Salaries, Compensation, and Employee Benefits$48,572
Total Fundraising Expense$14,918
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$194,009--$194,009
Current Officers, Directors, Trustees, and Key Employees$22,229$3,138$785$26,152
All Other Expenses$0$18,813$4,662$23,475
Other Salaries and Wages$16,299$2,301$575$19,175
Depreciation Depletion$0$10,299$0$10,299
Occupancy$7,137$1,007$252$8,396
Other Expenses$0$0$7,898$7,898
Fees for Services Accounting$6,563$927$232$7,722
Advertising$3,874$547$137$4,558
Office Expenses$3,649$515$129$4,293
Insurance$2,931$414$103$3,448
Payroll Taxes$2,758$390$97$3,245
Travel$1,347$190$48$1,585
Interest$0$334$0$334
Total Functional Expenses$260,796$43,232$14,918$318,946

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$318,946
Total Expenses per Audited Statements$318,946
Total Expenses per Form 990$318,946
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,730
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
Lease Payable$27,275
Security Deposit$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Twilight Wish Foundation
EIN
73-1670060
Phone
2152308777
Address
PO Box 1042, Doylestown, PA 18901

Signing Officer

Name
Catherine Forkin
Title
CVO & Vice-Chairperson
Phone
2152308777
Signed
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine Forkin
Formed
2003
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
65

Preparer

Firm
Cherie Degon CPA
Address
87 PARK PL, ORELAND, PA 19075
Preparer
Cherie Degon CPA
Phone
2152375115
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A draft is submitted to the board prior to filing for review.

Pt VI, Line 12C

The board members review the policy for compliance annually.

Pt VI, Line 15A

The board members review all compensations annually.

Pt VI, Line 15B

The board members review compensations annually.

Pt VI, Line 19

Upon request.

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IRS990/Desc0To bring joy and smiles to our elders during the year through individual wish granting and group celebrations. 416 wishes were granted last fiscal year ending June 30, 2020. 85% or 352 were for Simple Needs, 14% were for Living Life to the Fullest and 1% were for Celebrating a Life. The overall average wish cost is $700. Total wish granted since inception: 3,540
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IRS990/MissionDesc0Our mission is to honor and enrich the lives of seniors through intergenerational Twilight Wish celebrations. Our vision is to impact the cultural behavior by inspiring the way our society views aging to make our world a nicer place to age. One Twilight Wish at a time. Total wishes granted since inception: 3,540
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0641499
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Net Product Sales 2015: 1801. 2016: 1708. 2017: 691. 2018: 1.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0661630
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0427191
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0396468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0392620
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0436554
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02314463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0173
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0180
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0152
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0173
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0171
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0134
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0810
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0691
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01708
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01801
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04201
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99780
IRS990ScheduleA/PublicSupportPY509Pct00.99610
IRS990ScheduleA/PublicSupportTotal509Amt02314463
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0661630
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0427191
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0396468
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0392620
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0436554
IRS990ScheduleA/Total509Grp/TotalAmt02314463
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02319474
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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/BookValueAmt027030
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08355
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035385
IRS990ScheduleD/EquipmentGrp/BookValueAmt02566
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014805
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017371
IRS990ScheduleD/ExpensesSubtotalAmt0318946
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02479
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016038
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018517
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease Payable
IRS990ScheduleD/RevenueSubtotalAmt0661803
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032075
IRS990ScheduleD/TotalExpensesPerForm990Amt0318946
IRS990ScheduleD/TotalLiabilityAmt027525
IRS990ScheduleD/TotalRevenuePerForm990Amt0661803
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0661803
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0318946
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt10
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt20
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Simple Needs
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Living Life to Fullest
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Celebrating a Life
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt063566
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt117546
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt24192
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0See Supplemental Information
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1Trips, Family reunions, Sporting Events
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc2Trips, Dinners, Sporting Events
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0276
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt133
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt24
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV/Cost
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1FMV/Cost
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2FMV/Cost
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Simple Needs Items included furniture, appliances, household items, hearing aids, dentures, lift chairs, etc.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Catherine Forkin
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0475
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false

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