Civic Intelligence

Founders First Community Development Corporation Inc.

990EZ • Fiscal year 2017 • EIN 74-3166719

Sep 01, 2016 to Aug 31, 2017 • Filed on Apr 09, 2018

11444 Raedene WaySan Diego, CA 92131

(619) 869-5815

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$68,437

No earlier filing loaded for comparison.

Net Assets

$68,437

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$124,866

No earlier filing loaded for comparison.

Expenses

$58,185

No earlier filing loaded for comparison.

Net Income

$66,681

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$5.0M$0-$5.0MAssets 2017: $68,437Net Assets 2017: $68,4372017Assets 2018: $16,305Net Assets 2018: $16,3052018Assets 2019: $522,326Liabilities 2019: $1,922Net Assets 2019: $520,4042019Assets 2020: $513,652Liabilities 2020: $0Net Assets 2020: $513,6522020Assets 2021: $630,877Liabilities 2021: $0Net Assets 2021: $630,8772021Assets 2022: $1,528,919Liabilities 2022: $846,827Net Assets 2022: $682,0922022Assets 2023: $2,694,259Liabilities 2023: $3,180,724Net Assets 2023: -$486,4652023Assets 2024: $662,029Liabilities 2024: $4,736,796Net Assets 2024: -$4,074,7672024

Highlighted filing

2017

Assets$68,437
Liabilities-
Net Assets$68,437

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2017: $124,866Expenses 2017: $58,185Net Income 2017: $66,6812017Revenue 2018: $154,215Expenses 2018: $206,347Net Income 2018: -$52,1322018Revenue 2019: $643,806Expenses 2019: $139,707Net Income 2019: $504,0992019Revenue 2020: $316,598Expenses 2020: $323,350Net Income 2020: -$6,7522020Revenue 2021: $1,524,147Expenses 2021: $1,066,878Net Income 2021: $457,2692021Revenue 2022: $3,075,120Expenses 2022: $2,809,172Net Income 2022: $265,9482022Revenue 2023: $4,463,178Expenses 2023: $5,631,735Net Income 2023: -$1,168,5572023Revenue 2024: $2,343,535Expenses 2024: $5,301,361Net Income 2024: -$2,957,8262024

Highlighted filing

2017

Revenue$124,866
Expenses$58,185
Net Income$66,681
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Apr 9, 2018
Return Version
2016v3.0
Gross Receipts
$151,034
Mission and Program Overview

Mission

Help underserved, under-represented small business owners overcome challenges they face due to lack of access to capital and to assist them in increasing business capacity resulting in higher revenue growth and providing more jobs.

Program Services

DescriptionGrantsExpenses
Founders Business Growth Bootcamp: Provided Small Business Expansion Training and Support Program for underserved, under-represented founders.Running micro small businesses with revenues of $250K to $2M. Conducted 2 Programs; served 30 companies. Approved Funding: $1.6M ;Revenue Generated: $11.5M Jobs Created: 15. Each program conducted 11, 2hour workshops and were presented to each group, support given to owners in the form of 1-on-1 coaching to help them with completing hands-on business improvement assignments were provided and 1 graduation program. Post program coaching and support providing to improve business to attract relevant growth funding.$19,200-
Elevate My Business Challenge Program: Provide Small Business Expansion Training and Support Program for underserved, under-represented founders. Running micro small businesses with revenues of $50K to $250K. Conducted 1 Program and served 18 companies. Each program conducted 4, 2-hour workshops and were presented to each group, support given to owners in the form of 1-on-1 coaching to help them with completing hands-on business improvement; assignments were provided and 1 graduation program conducted.$19,000-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIM FOLSOMPresidentFT$0--
BEVERLY COLETreasurer-$0--
THOMAS TOPUZESTrustee-$0--
MAURICE WILSONTrustee-$0--
LIZ MONTANOTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Lift Development Enterprises Inc
EIN
74-3166719
Phone
6198695815
Address
11444 RAEDENE WAY, SAN DIEGO, CA 92131

Signing Officer

Name
Kim Folsom
Title
President
Signed
2018-04-09
Discuss with paid preparer
Yes

Preparer

Firm
PG CPA Firm
Address
PO BOX 1243, NEWBURGH, IN 47630
Preparer
Pankajamma Gunupati CPA Mst
Phone
8006157830
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: FOUNDERS FIRST CAPITAL PARTNERS LLC | Donee's Address: 10755 SCRIPPS POWAY PKWY STE 412 SAN DIEGO CA 92131 | Relationship of Donee: BROTHER/SISTER | Cash Amount Given: $38200

Other Expenses.1012

Insurance $183

Other Expenses.1

Taxes and licenses $17037

Other Expenses.2

SOFTWARE $28

Other Expenses.3

BANK CHARGES $22

Other Assets.1002

Furniture and Fixtures - Beginning $759 Furniture and Fixtures - Ending $0

Raw XML Appendix175 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Elevate My Business Challenge Program: Provide Small Business Expansion Training and Support Program for underserved, under-represented founders. Running micro small businesses with revenues of $50K to $250K. Conducted 1 Program and served 18 companies. Each program conducted 4, 2-hour workshops and were presented to each group, support given to owners in the form of 1-on-1 coaching to help them with completing hands-on business improvement; assignments were provided and 1 graduation program conducted.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: FOUNDERS FIRST CAPITAL PARTNERS LLC | Donee's Address: 10755 SCRIPPS POWAY PKWY STE 412 SAN DIEGO CA 92131 | Relationship of Donee: BROTHER/SISTER | Cash Amount Given: $38200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $183
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAXES AND LICENSES $17037
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOFTWARE $28
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KIM FOLSOM
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-09
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ReturnHeader/Filer/EIN0743166719
ReturnHeader/Filer/PhoneNum06198695815
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047630
ReturnHeader/PreparerPersonGrp/PhoneNum08006157830
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PANKAJAMMA GUNUPATI CPA MST
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-04-08T21:41:18-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-09-01
ReturnHeader/TaxPeriodEndDt02017-08-31
ReturnHeader/TaxYr02016

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Filings