Civic Intelligence

Bh Fund

990 • Fiscal year 2021 • EIN 81-1263832

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 11, 2022

4250 North Fairfax DriveArlington, VA 22203

(540) 341-8808

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 2021

Liabilities / Revenue

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Net Margin

1st percentile

-20578%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2021 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2021

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $6,089,801 (-100%) from 2020

Net Assets

Down

$0

Down $6,089,801 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$31,165

Down $150,006 (-83%) from 2020

Expenses

Up

$6,444,282

Up $4,912,656 (+321%) from 2020

Net Income

Down

-$6,413,117

Down $5,062,662 (-375%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2017: $20,964,164Liabilities 2017: $6,319Net Assets 2017: $20,957,8452017Assets 2020: $6,089,801Liabilities 2020: $0Net Assets 2020: $6,089,8012020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2017: $24,339,910Expenses 2017: $3,382,164Net Income 2017: $20,957,7462017Revenue 2020: $181,171Expenses 2020: $1,531,626Net Income 2020: -$1,350,4552020Revenue 2021: $31,165Expenses 2021: $6,444,282Net Income 2021: -$6,413,1172021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2021

Revenue$31,165
Expenses$6,444,282
Net Income-$6,413,117
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 11, 2022
Return Version
2021v4.0
Gross Receipts
$644,565
Mission and Program Overview

Mission

To promote the rule of law and limited, constitutional government.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,267,946$0▼ $3,267,946
Savings and Temporary Cash Investments$2,222,733$0▼ $2,222,733
Investments Other Securities$597,882$0▼ $597,882
Cash and Non-Interest-Bearing Accounts$1,240$0▼ $1,240
Loans From Officers Directors$0$0→ $0
Total Assets$6,089,801$0▼ $6,089,801
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,089,801$0▼ $6,089,801
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$6,089,801$0▼ $6,089,801
Total Liabilities and Net Assets / Fund Balance$6,089,801$0▼ $6,089,801
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leonard LeoDirector, President
Jonathon BunchDirector, Treasurer, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Baker Hostetler LLPLegal Services1050 Connecticut Avenue NW, Ste 1100, Washington, DC 20036$770,895
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$31,165
Other Revenue
$0
Change in Net Assets
$-6,413,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,568,530
Other Expenses$875,752
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,568,530--$5,568,530
Fees for Services Legal$282,233$524,147$0$806,380
Fees for Services Accounting$0$42,500$0$42,500
Fees for Services Other$0$25,000$0$25,000
Office Expenses$0$1,872$0$1,872
Total Functional Expenses$5,850,763$593,519$0$6,444,282
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rule of Law TrustVienna, VA501(c)(4)General Operating$700,000
Rule of Law TrustVienna, VA501(c)(4)General Operating$600,000
Donor's TrustAlexandria, VA501(c)(3)General Operating$195,000
America EngagedArlington, VA501(c)(4)General Operating-
People United for PrivacyWashington, DC501(c)(4)General Operating-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Leonard Leo and Jonathan Bunch have a business relationship.

Form 990, Part VI, Section B, Line 11B

A copy of the return is provided to the organization's directors prior to filing.

Form 990, Part VI, Section B, Line 12C

At the annual meeting of the Board of Directors the conflict-of-interest policy is reviewed. During the year potential conflicts are reviewed as they arise.

Form 990, Part VI, Section B, Line 15

There are no paid officers of the Organization.

Form 990, Part VI, Section C, Line 19

Required documents are available upon request, as required by the Internal Revenue Service (IRS).

Filing and Contact Details

Filer

Filer Name
BH Fund
EIN
81-1263832
Phone
5403418808
Address
4250 North Fairfax Drive, Arlington, VA 22203

Signing Officer

Name
Leonard Leo
Title
Director, President
Phone
5403418808
Signed
2022-11-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Leonard Leo
Formed
2016
Legal Domicile
Va
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
NPO Financial Services LLC
Address
PO Box 1056, Plainfield, IN 46168
Preparer
Shawna Powell
Phone
7652636800
Raw XML Appendix388 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
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IRS990/IndoorTanningServicesInd00
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt11150000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Securities - publicly traded
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1Securities- closely held stock
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operating
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2General Operating
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3General Operating
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4General Operating
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Rule of Law Trust
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Rule of Law Trust
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Donor's Trust
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3People United for Privacy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4America Engaged
IRS990ScheduleI/RecipientTable/RecipientEIN0831047727
IRS990ScheduleI/RecipientTable/RecipientEIN1831047727
IRS990ScheduleI/RecipientTable/RecipientEIN2522166327
IRS990ScheduleI/RecipientTable/RecipientEIN3823395877
IRS990ScheduleI/RecipientTable/RecipientEIN4812072162
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt08300 Boone Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt18300 Boone Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21800 Diagonal Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt32101 L St NW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt41101 Wilson Boulevard
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0Ste 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt1Ste 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt2Ste 280
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt3Ste 800
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt46th FL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Vienna
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Vienna
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Alexandria
IRS990ScheduleI/RecipientTable/USAddress/CityNm3Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm4Arlington
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3DC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022182
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd122182
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd222314
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd320037
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd422209
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Organization requests a budget proposal and final report on use of funds.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt04
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Leonard Leo and Jonathan Bunch have a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the return is provided to the organization's directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At the annual meeting of the Board of Directors the conflict-of-interest policy is reviewed. During the year potential conflicts are reviewed as they arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There are no paid officers of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Required documents are available upon request, as required by the Internal Revenue Service (IRS).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04250 North Fairfax Dr
IRS990/USAddress/AddressLine2Txt0Ste 700
IRS990/USAddress/CityNm0Arlington
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd022203
IRS990/VotingMembersGoverningBodyCnt02
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Leonard Leo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director, President
ReturnHeader/BusinessOfficerGrp/PhoneNum05403418808
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BH Fund
ReturnHeader/Filer/BusinessNameControlTxt0BHFU
ReturnHeader/Filer/EIN0811263832
ReturnHeader/Filer/PhoneNum05403418808
ReturnHeader/Filer/USAddress/AddressLine1Txt04250 North Fairfax Drive
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920423159
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NPO Financial Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1056
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Plainfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046168
ReturnHeader/PreparerPersonGrp/PhoneNum07652636800
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shawna Powell
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-14T15:12:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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