Civic Intelligence

Midway Venture Foundation

990 • Fiscal year 2023 • EIN 81-3658207

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 09, 2024

Organization Profile
12792 Valley View Street 203Garden Grove, CA 92845

(310) 832-5903

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

187%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

21%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$32,087

Up $20,924 (+187%) from 2022

Net Assets

Up

$32,087

Up $20,924 (+187%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin78th percentile

Revenue

Up

$85,318

Up $15,038 (+21%) from 2022

Expenses

Down

$64,394

Down $2,273 (-3.4%) from 2022

Net Income

Up

$20,924

Up $17,311 (+479%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$40K$30K$20K$10K$0Assets 2021: $7,550Liabilities 2021: $0Net Assets 2021: $7,5502021Assets 2022: $11,163Liabilities 2022: $0Net Assets 2022: $11,1632022Assets 2023: $32,087Liabilities 2023: $0Net Assets 2023: $32,0872023Assets 2024: $2,028Liabilities 2024: $0Net Assets 2024: $2,0282024

Highlighted filing

2023

Assets$32,087
Liabilities$0
Net Assets$32,087
Open 2023 Filing

Operations Trend

Revenue Growth66th percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $57,121Expenses 2021: $49,571Net Income 2021: $7,5502021Revenue 2022: $70,280Expenses 2022: $66,667Net Income 2022: $3,6132022Revenue 2023: $85,318Expenses 2023: $64,394Net Income 2023: $20,9242023Revenue 2024: $74,811Expenses 2024: $104,870Net Income 2024: -$30,0592024

Highlighted filing

2023

Revenue$85,318
Expenses$64,394
Net Income$20,924
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 9, 2024
Return Version
2023v5.1
Gross Receipts
$85,318
Mission and Program Overview

Mission

Foundation holds golf tournaments to raise money for breast cancer awareness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,163$32,087▲ $20,924
Rtn Earn Endowment Incm Other Fnds$11,163$32,087▲ $20,924
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$11,163$32,087▲ $20,924
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,163$32,087▲ $20,924
Total Liabilities and Net Assets / Fund Balance$11,163$32,087▲ $20,924
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Peter BalovTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,318
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$20,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,841
Grants and Similar Amounts Paid$1,553
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$59,889--$59,889
Fees for Services Other$2,952--$2,952
Grants to Domestic Orgs$1,553--$1,553
Total Functional Expenses$64,394$0$0$64,394
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“ONE VOTING MEMBER”

Form 990, Part VI, Section C, line 18

“ON REQUEST”

Form 990, Part VI, Section C, line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Midway Venture Foundation
EIN
81-3658207
Phone
3108325903
Address
12792 VALLEY VIEW STREET 203, GARDEN GROVE, CA 92845

Signing Officer

Name
Peter Balov
Title
Officer
Phone
3108325903
Signed
2024-09-09

Organization Details

Principal Officer
Peter Balov
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Dunn & Associates
Address
1527 Cravens Ave, Torrance, CA 90501
Preparer
Dunn and Associates
Phone
3106188545
Raw XML Appendix255 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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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,087
Liabilities
$0
Net assets
$32,087
Revenue
$85,318
Expenses
$64,394
Net income
$20,924
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.00$0.02$0.75$1.05$0.30
2023Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.85$0.64$0.21
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.70$0.67$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.57$0.50$0.08