Civic Intelligence

Breakout Foundation Inc.

990EZ • Fiscal year 2022 • EIN 81-1983565

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

Organization ProfileWWW.BREAKOUT.TODAY/BREAKOUTFOUNDATION
224 West 35th St Suite 500 Unit 512New York, NY 10001

(240) 505-0239

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 2022

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2022

Net Margin

5th percentile

-170%

Higher net margin than 5% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

2022 filings • NTEE S • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-75%

Faster asset growth than 3% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-54%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • NTEE S • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$34,148

Down $102,653 (-75%) from 2021

Net Assets

Down

$34,148

Down $102,653 (-75%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin5th percentile

Revenue

Down

$60,674

Down $70,591 (-54%) from 2021

Expenses

Up

$163,628

Up $93,552 (+134%) from 2021

Net Income

Down

-$102,954

Down $164,143 (-268%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$300K$200K$100K$0Assets 2016: $10,000Net Assets 2016: $10,0002016Assets 2017: $21,493Liabilities 2017: $02017Assets 2018: $38,709Net Assets 2018: $38,7092018Assets 2019: $14,462Liabilities 2019: $02019Assets 2020: $75,612Net Assets 2020: $75,6122020Assets 2021: $136,801Net Assets 2021: $136,8012021Assets 2022: $34,148Net Assets 2022: $34,1482022Assets 2023: $43,723Liabilities 2023: $02023Assets 2024: $248,293Liabilities 2024: $0Net Assets 2024: $248,2932024

Highlighted filing

2022

Assets$34,148
Liabilities-
Net Assets$34,148
Open 2022 Filing

Operations Trend

Revenue Growth10th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $10,0002016Revenue 2017: $20,103Expenses 2017: $8,610Net Income 2017: $11,4932017Revenue 2018: $60,221Expenses 2018: $43,005Net Income 2018: $17,2162018Revenue 2019: $5,500Expenses 2019: $29,747Net Income 2019: -$24,2472019Revenue 2020: $91,349Expenses 2020: $30,198Net Income 2020: $61,1512020Revenue 2021: $131,265Expenses 2021: $70,076Net Income 2021: $61,1892021Revenue 2022: $60,674Expenses 2022: $163,628Net Income 2022: -$102,9542022Revenue 2023: $137,796Expenses 2023: $128,221Net Income 2023: $9,5752023Revenue 2024: $405,000Expenses 2024: $200,430Net Income 2024: $204,5702024

Highlighted filing

2022

Revenue$60,674
Expenses$163,628
Net Income-$102,954
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$60,674
Mission and Program Overview

Mission

The breakout foundation was created to award grants on a monthly basis to rising non profit leaders and social entrepreneurs having a positive impact in their communities.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION IS CURRENTLY REVIEWING APPLICATIONS TO DETERMINE WHO WILL BE RECEIVING A GRANT.$156,000$156,000
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHRYN THANTreasurerPT$0--
MICHAEL FARBERSecretaryPT$0--
ADITYA NAIKCo-PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Breakout Foundation
EIN
81-1983565
Phone
2405050239
Address
224 WEST 35TH ST SUITE 500 UNIT 512, NEW YORK, NY 10001

Signing Officer

Name
Michael Farber
Title
Secretary
Phone
9178467910
Signed
2023-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Westwood Tax & Consulting LLC
Address
265 SUNRISE HWY SUITE 1-411, ROCKVILLE CENTRE, NY 11570
Preparer
Joshua Zimmelman
Phone
5167920505
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Cash contribution: 156,000”

Form 990-ez, Part I, Line 16

“Expenses postage 28 billing fees 902 filing fees 75 total 1,005”

Form 990-ez, Part III

“The breakout foundation was created to award grants on a monthly basis to rising non profit leaders and social entrepreneurs having a positive impact in their communities.”

Raw XML Appendix133 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL FARBER
IRS990EZ/BooksInCareOfDetail/PhoneNum02405050239
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0101 JEFFERSON AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0APT 3D
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011216
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0137102
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt034148
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt060674
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-102954
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt06623
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0137102
IRS990EZ/Form990TotalAssetsGrp/EOYAmt034148
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0156000
IRS990EZ/GrossReceiptsAmt060674
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0137102
IRS990EZ/NetAssetsOrFundBalancesEOYAmt034148
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0137102
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt034148
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0KATHRYN THAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MICHAEL FARBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ADITYA NAIK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CO-PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01005
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE BREAKOUT FOUNDATION WAS CREATED TO AWARD GRANTS ON A MONTHLY BASIS TO RISING NON PROFIT LEADERS AND SOCIAL ENTREPRENEURS HAVING A POSITIVE IMPACT IN THEIR COMMUNITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION IS CURRENTLY REVIEWING APPLICATIONS TO DETERMINE WHO WILL BE RECEIVING A GRANT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0156000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0156000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0163628
IRS990EZ/TotalProgramServiceExpensesAmt0156000
IRS990EZ/TotalRevenueAmt060674
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.BREAKOUT.TODAY/BREAKOUTFOUNDATION
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt060674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0131265
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt091349
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt05500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt060221
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0349009
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0349009
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt060674
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0131265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt091349
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt060221
IRS990ScheduleA/Total509Grp/TotalAmt0349009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt060674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0131265
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt091349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt060221
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0349009
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 156,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES POSTAGE 28 BILLING FEES 902 FILING FEES 75 TOTAL 1,005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BREAKOUT FOUNDATION WAS CREATED TO AWARD GRANTS ON A MONTHLY BASIS TO RISING NON PROFIT LEADERS AND SOCIAL ENTREPRENEURS HAVING A POSITIVE IMPACT IN THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL FARBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09178467910
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BREAKOUT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0BREA
ReturnHeader/Filer/EIN0811983565
ReturnHeader/Filer/PhoneNum02405050239
ReturnHeader/Filer/USAddress/AddressLine1Txt0224 WEST 35TH ST SUITE 500 UNIT 512
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202134875
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WESTWOOD TAX & CONSULTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0265 SUNRISE HWY SUITE 1-411
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCKVILLE CENTRE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011570
ReturnHeader/PreparerPersonGrp/PhoneNum05167920505
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSHUA ZIMMELMAN
ReturnHeader/ReturnTs02023-05-15T09:32:01-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FARBER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,148
Liabilities
-
Net assets
$34,148
Revenue
$60,674
Expenses
$163,628
Net income
-$102,954
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.00$2.48$4.05$2.00$2.05
2023Summary only. Only limited summary data is available for this year.$0.44$0.00$1.38$1.28$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.34$0.34$0.61$1.64$1.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$1.37$1.31$0.70$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.76$0.91$0.30$0.61
2019Summary only. Only limited summary data is available for this year.$0.14$0.00$0.06$0.30$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.39$0.39$0.60$0.43$0.17
2017Summary only. Only limited summary data is available for this year.$0.21$0.00$0.20$0.09$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.10$0.10
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits