Civic Intelligence

The Herb-IT-Forward Foundation

990 • Fiscal year 2021 • EIN 81-3846469

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 28, 2022

Organization ProfileWWW.HERBIE.COM
100 Front St Suite 300West Conshohocken, PA 19428-2894

(855) 766-1446

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.20x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

29th percentile

-4.9%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

36th percentile

-1.9%

Faster asset growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-23%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$317,648

Down $6,279 (-1.9%) from 2020

Net Assets

Down

$270,648

Down $8,279 (-3.0%) from 2020

Liabilities

Up

$47,000

Up $2,000 (+4.4%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin29th percentile

Revenue

Down

$234,583

Down $71,837 (-23%) from 2020

Expenses

Up

$246,042

Up $108,210 (+79%) from 2020

Net Income

Down

-$11,459

Down $180,047 (-107%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$400K$300K$200K$100K$0Assets 2017: $33,859Liabilities 2017: $0Net Assets 2017: $33,8592017Assets 2018: $137,350Liabilities 2018: $0Net Assets 2018: $137,3502018Assets 2019: $149,191Liabilities 2019: $38,992Net Assets 2019: $110,1992019Assets 2020: $323,927Liabilities 2020: $45,000Net Assets 2020: $278,9272020Assets 2021: $317,648Liabilities 2021: $47,000Net Assets 2021: $270,6482021Assets 2022: $338,866Liabilities 2022: $48,654Net Assets 2022: $290,2122022Assets 2023: $295,245Liabilities 2023: $50,350Net Assets 2023: $244,8952023Assets 2024: $330,556Liabilities 2024: $52,571Net Assets 2024: $277,9852024

Highlighted filing

2021

Assets$317,648
Liabilities$47,000
Net Assets$270,648
Open 2021 Filing

Operations Trend

Revenue Growth29th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2017: $36,400Expenses 2017: $2,541Net Income 2017: $33,8592017Revenue 2018: $223,941Expenses 2018: $120,450Net Income 2018: $103,4912018Revenue 2019: $231,234Expenses 2019: $258,385Net Income 2019: -$27,1512019Revenue 2020: $306,420Expenses 2020: $137,832Net Income 2020: $168,5882020Revenue 2021: $234,583Expenses 2021: $246,042Net Income 2021: -$11,4592021Revenue 2022: $301,626Expenses 2022: $276,128Net Income 2022: $25,4982022Revenue 2023: $281,016Expenses 2023: $328,590Net Income 2023: -$47,5742023Revenue 2024: $317,524Expenses 2024: $289,783Net Income 2024: $27,7412024

Highlighted filing

2021

Revenue$234,583
Expenses$246,042
Net Income-$11,459
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 28, 2022
Return Version
2020v4.0
Gross Receipts
$234,583
Mission and Program Overview

Mission

The organization's purpose is to provide scholarships for higher education (via the philadelphia foundation) and programming to students such as the annual leadership camp, speaking seminars, mentorship and networking activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$209,993$286,798▲ $76,805
Investments in Publicly Traded Securities$25,334$29,450▲ $4,116
Prepaid Expenses and Deferred Charges$88,600$1,400▼ $87,200
Total Assets$323,927$317,648▼ $6,279
Liabilities
Other Liabilities-$46,300-
Accounts Payable and Accrued Expenses$45,000$700▼ $44,300
Total Liabilities$45,000$47,000▲ $2,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$278,927$270,648▼ $8,279
Total Net Assets Fund Balance$278,927$270,648▼ $8,279
Total Liabilities and Net Assets / Fund Balance$323,927$317,648▼ $6,279
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Scot a FisherChairman of
Shelly Lotman FisherPresident
Hal RosenbluthVice Chairma
Anita HinsonDirector
Charles MurrayDirector
Jeffrey LotmanDirector
Karen LotmanDirector
Nafis SmithDirector
Stephanie HoffmanDirector
Stephen J IzziDirector
Thomas GravinaDirector
Jennifer JonesExec. Director /
Edward LackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$233,080
Program Service Revenue
$0
Investment Income
$1,126
Other Revenue
$377
All Other Contributions
$233,080
Change in Net Assets
$-11,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$234,583
Revenue Not Reported on Form 990
$3,180
Total Revenue per Audited Statements
$237,763
Total Revenue per Form 990
$234,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,042
Total Fundraising Expense$9,759
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$102,915--$102,915
Fees for Services Management$12,500$6,250$6,250$25,000
Information Technology$8,397$679$1,742$10,818
Travel$6,757--$6,757
Fees for Services Other$3,600$1,150-$4,750
Other Expenses$3,972--$3,972
Office Expenses$1,088$11$1,270$2,369
Insurance-$1,881-$1,881
Fees for Services Accounting-$1,300-$1,300
All Other Expenses$35$58$497$590
Total Functional Expenses$224,954$11,329$9,759$246,042

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$246,042
Total Expenses per Audited Statements$246,042
Total Expenses per Form 990$246,042
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorOperating ExpenseNo$25,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$46,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
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, Page 6, Part VI, Line 2

“Scot a fisher shelly lotman-fisher chairman president karen lotman director jeffrey lotman director scot a fisher shelly lotman-fisher chairman president karen lotman director jeffrey lotman director”

Form 990, Page 6, Part VI, Line 11B

“All board members are provided with a copy of the form 990 prior to release to review and propose changes. Final drafts are approved prior to release and filing.”

Form 990, Page 6, Part VI, Line 12C

“Each year, all officers, directors and top management are required to submit declarations of any conflicts arising from any contacts within the organization.”

Form 990, Page 6, Part VI, Line 19

“ANOTHER'S WEBSITE”

Filing and Contact Details

Filer

Filer Name
The Herb-it-forward Foundation
EIN
81-3846469
Phone
8557661446
Address
100 FRONT ST SUITE 300, WEST CONSHOHOCKEN, PA 19428-2894

Signing Officer

Name
Shelly Lotman Fisher
Title
President
Phone
6102342076
Signed
2022-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Lotman Fisher
Formed
2017
Legal Domicile
De
Voting Board Members
11
Independent Board Members
7
Employees
0
Volunteers
15

Preparer

Firm
Verna & Associates
Address
105 JESSUP RD STE 100, THOROFARE, NJ 08086-9354
Preparer
Scott C Jenkins CPA
Phone
8563848400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's purpose is to provide scholarships for higher education (via the philadelphia foundation) and programming to students such as the annual leadership camp, speaking seminars, mentorship and networking activities.”

Form 990, Page 1, Part I, Line 6

“Volunteers assist with various office duties, review of scholarship applications, attending seminars and camps with the award recipients.”

Form 990, Part XI

“Part vi, line 2 related party information among officers president shelly lotman-fisher and director jeffrey lotman are siblings. Director karen lotman is the mother of shelly lotman-fisher and jeffrey lotman. Board chair scot fisher is spouse of shelly lotman-fisher.”

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IRS990/PrincipalOfficerNm0SHELLY LOTMAN FISHER
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IRS990/RevenueAmt0233080
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICE FEES 3,275 MISCELLANEOUS 1,077
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03304
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
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IRS990ScheduleD/RevenueSubtotalAmt0234583
IRS990ScheduleD/TotalExpensesPerForm990Amt0246042
IRS990ScheduleD/TotalLiabilityAmt046300
IRS990ScheduleD/TotalRevenuePerForm990Amt0234583
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0LOTMAN MANAGEMENT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine2Txt0LOTMAN MANAGEMENT LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt025000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OPERATING EXPENSE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCOT FISHER, SHELLY LOTMAN-FISHER, KAREN LOTMAN & JEFFREY LOTMAN ARE ALL RELATED FAMILY MEMBERS. ALL ARE KEY BOARD MEMBERS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PURPOSE IS TO PROVIDE SCHOLARSHIPS FOR HIGHER EDUCATION (VIA THE PHILADELPHIA FOUNDATION) AND PROGRAMMING TO STUDENTS SUCH AS THE ANNUAL LEADERSHIP CAMP, SPEAKING SEMINARS, MENTORSHIP AND NETWORKING ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS ASSIST WITH VARIOUS OFFICE DUTIES, REVIEW OF SCHOLARSHIP APPLICATIONS, ATTENDING SEMINARS AND CAMPS WITH THE AWARD RECIPIENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCOT A FISHER SHELLY LOTMAN-FISHER CHAIRMAN PRESIDENT KAREN LOTMAN DIRECTOR JEFFREY LOTMAN DIRECTOR SCOT A FISHER SHELLY LOTMAN-FISHER CHAIRMAN PRESIDENT KAREN LOTMAN DIRECTOR JEFFREY LOTMAN DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO RELEASE TO REVIEW AND PROPOSE CHANGES. FINAL DRAFTS ARE APPROVED PRIOR TO RELEASE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH YEAR, ALL OFFICERS, DIRECTORS AND TOP MANAGEMENT ARE REQUIRED TO SUBMIT DECLARATIONS OF ANY CONFLICTS ARISING FROM ANY CONTACTS WITHIN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANOTHER'S WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PART VI, LINE 2 RELATED PARTY INFORMATION AMONG OFFICERS PRESIDENT SHELLY LOTMAN-FISHER AND DIRECTOR JEFFREY LOTMAN ARE SIBLINGS. DIRECTOR KAREN LOTMAN IS THE MOTHER OF SHELLY LOTMAN-FISHER AND JEFFREY LOTMAN. BOARD CHAIR SCOT FISHER IS SPOUSE OF SHELLY LOTMAN-FISHER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011329
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IRS990/USAddress/AddressLine1Txt0100 FRONT ST
IRS990/USAddress/AddressLine2Txt0SUITE 300

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$317,648
Liabilities
$47,000
Net assets
$270,648
Revenue
$234,583
Expenses
$246,042
Net income
-$11,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$0.53$2.78$3.18$2.90$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.95$0.50$2.45$2.81$3.29$0.48
2022Detailed filing. Detailed filing data is available for this year.$3.39$0.49$2.90$3.02$2.76$0.25
2021Detailed filing. Detailed filing data is available for this year.$3.18$0.47$2.71$2.35$2.46$0.11
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.45$2.79$3.06$1.38$1.69
2019Detailed filing. Detailed filing data is available for this year.$1.49$0.39$1.10$2.31$2.58$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$2.24$1.20$1.03
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.36$0.03$0.34