Civic Intelligence

Founders First Community Development Corporation Inc.

990EZ • Fiscal year 2018 • EIN 74-3166719

Sep 01, 2017 to Aug 31, 2018 • Filed on May 02, 2019

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 2018

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2018

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

4th percentile

-76%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$16,305

Down $52,132 (-76%) from 2017

Net Assets

Down

$16,305

Down $52,132 (-76%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$154,215

Up $29,349 (+24%) from 2017

Expenses

Up

$206,347

Up $148,162 (+255%) from 2017

Net Income

Down

-$52,132

Down $118,813 (-178%) from 2017

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

2018

Assets$16,305
Liabilities-
Net Assets$16,305

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

2018

Revenue$154,215
Expenses$206,347
Net Income-$52,132
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
May 2, 2019
Return Version
2017v2.2
Gross Receipts
$154,215
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
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, 3-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 and 1 graduation program conducted.$142,970-
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 3 Programs served 15-20 companies. Each program conducted 12, 2hour workshops, Pitch Day events, and Post Program Coaching Sessions. Support given to owners in the form of 1-on-1 coaching to help them with completing hands-on business improvement assignments and conducted graduation programs. Post program coaching and support providing to improve business to attract relevant growth funding.$46,625-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KIM FOLSOMPresidentFT$0--
BEVERLY COLETreasurer-$0--
THOMAS TOPUZESTrustee-$0--
MAURICE WILSONTrustee-$0--
LIZ MONTANOTrustee-$0--
LAURA KWARTLERSecretary-$0--
ALICIA QUINNTrustee-$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
2019-05-02
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: CENTER FOR SMALL BUSINESS EXPANSION | Donee's Address: 10755 SCRIPPS POWAY PKWY STE 412 SAN DIEGO CA 92131 | Relationship of Donee: BROTHER/SISTER | Cash Amount Given: $192595

Other Expenses.1001

Advertising and Promotion $35

Other Expenses.1002

Office Expenses $117

Other Expenses.1005

Travel $284

Other Expenses.1012

Insurance $559

Other Expenses.1

MEALS $1193

Other Expenses.2

RENTAL $1142

Other Expenses.3

TAXES AND LICENSES $790

Other Expenses.4

SOFTWARE $470

Other Expenses.5

Postage and shipping $287

Other Expenses.6

BANK CHARGES $278

Raw XML Appendix186 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/Organization501c3Ind0X
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IRS990EZ/OtherExpensesTotalAmt05155
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramServiceRevenueAmt02050
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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, 3-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 and 1 graduation program conducted.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: CENTER FOR SMALL BUSINESS EXPANSION | Donee's Address: 10755 SCRIPPS POWAY PKWY STE 412 SAN DIEGO CA 92131 | Relationship of Donee: BROTHER/SISTER | Cash Amount Given: $192595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $35
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $117
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $284
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $559
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEALS $1193
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RENTAL $1142
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KIM FOLSOM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lift Development Enterprises Inc
ReturnHeader/Filer/BusinessNameControlTxt0LIFT
ReturnHeader/Filer/EIN0743166719
ReturnHeader/Filer/PhoneNum06198695815
ReturnHeader/Filer/USAddress/AddressLine1Txt011444 RAEDENE WAY
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1243
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Newburgh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047630
ReturnHeader/PreparerPersonGrp/PhoneNum08006157830
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PANKAJAMMA GUNUPATI CPA MST
ReturnHeader/ReturnTs02019-05-02T09:54:06-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

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