Civic Intelligence

Licensing International Foundation Inc.

990 • Fiscal year 2018 • EIN 81-4406324

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 31, 2019

Organization ProfileWWW.LICENSING.ORG
350 Fifth Avenue No 6410New York, NY 10118

(646) 744-3741

Siviq Scores

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

Liabilities / Assets

96th percentile

1.38x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • NTEE T30 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.01x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • NTEE T30 • <$500k nonprofits • Source year 2018

Net Margin

39th percentile

-0.2%

Higher net margin than 39% of similar nonprofits.

2018 filings • NTEE T30 • <$500k nonprofits • Source year 2018

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

2018 filings • NTEE T30 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

$1,517

No earlier filing loaded for comparison.

Net Assets

-$583

No earlier filing loaded for comparison.

Liabilities

$2,100

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin39th percentile

Revenue

$247,939

No earlier filing loaded for comparison.

Expenses

$248,522

No earlier filing loaded for comparison.

Net Income

-$583

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0-$100KAssets 2018: $1,517Liabilities 2018: $2,100Net Assets 2018: -$5832018Assets 2019: $5,043Liabilities 2019: $6,068Net Assets 2019: -$1,0252019Assets 2020: $61,372Liabilities 2020: $9,305Net Assets 2020: $52,0672020Assets 2021: $83,946Liabilities 2021: $0Net Assets 2021: $83,9462021Assets 2022: $267,216Liabilities 2022: $4,704Net Assets 2022: $262,5122022Assets 2023: $296,613Liabilities 2023: $23,511Net Assets 2023: $273,1022023Assets 2024: $334,173Liabilities 2024: $62,616Net Assets 2024: $271,5572024

Highlighted filing

2018

Assets$1,517
Liabilities$2,100
Net Assets-$583
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0-$100KRevenue 2018: $247,939Expenses 2018: $248,522Net Income 2018: -$5832018Revenue 2019: $300,845Expenses 2019: $301,287Net Income 2019: -$4422019Revenue 2020: $112,113Expenses 2020: $59,021Net Income 2020: $53,0922020Revenue 2021: $125,544Expenses 2021: $93,665Net Income 2021: $31,8792021Revenue 2022: $221,253Expenses 2022: $42,687Net Income 2022: $178,5662022Revenue 2023: $249,096Expenses 2023: $238,506Net Income 2023: $10,5902023Revenue 2024: $191,467Expenses 2024: $193,012Net Income 2024: -$1,5452024

Highlighted filing

2018

Revenue$247,939
Expenses$248,522
Net Income-$583
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 31, 2019
Return Version
2018v3.1
Gross Receipts
$247,939
Mission and Program Overview

Mission

The foundation will provide charitable distributions to qualifying nonprofit organizations in the state of new york and throughout the united states focusing on those working to assist children in need. By providing this charitable giving program, lima foundation will work to improve the quality of life for children throughout the country.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$1,517-
Total Assets$0$1,517▲ $1,517
Liabilities
Accounts Payable and Accrued Expenses-$2,100-
Total Liabilities$0$2,100▲ $2,100
Net Assets / Fund Balance
Unrestricted Net Assets-$-583-
Total Net Assets Fund Balance$0$-583▼ $583
Total Liabilities and Net Assets / Fund Balance$0$1,517▲ $1,517
Compensation and Service Providers
Top Officer Pay91st percentile

Board Members and Trustees

NameTitle
Maura ReganPresident
Eric MorseDirector
Joanne LoriaDirector
Maca RotterDirector
Marc SchneiderDirector
Marilu CorpusDirector
Ted LarkinsDirector
Gisela AbramsSecretary
Virginia McguireTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$247,936
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3
Change in Net Assets
$-583

Audited Revenue Reconciliation

Revenue per Audited Statements
$247,939
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,665
Total Revenue per Audited Statements
$283,604
Total Revenue per Form 990
$247,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$221,470
Other Expenses$27,052
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$221,470--$221,470
Other Expenses$25,000$350-$350
Total Functional Expenses$246,470$2,052$0$248,522

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$284,187
Expenses per Audited Statements$248,522
Total Expenses per Form 990$248,522
Expenses Not Reported on Form 990$35,665
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CHILDREN'S BRAIN TUMOR FOUNDATIONNew York, NY-USED TO IMPROVE THE TREATMENT, QUALITY OF LIFE AND THE LONG-TERM OUTLOOK FOR CHILDREN AND FAMILIES AFFECTED BY A BRAIN OR SPINAL CORD TUMOR AS WELL AS THE REMARKABLE RESEARCH OF THE CHILDREN'S BRAIN TUMOR TISSUE CONSORTIUM (CBTTC).$221,470
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sponsorshipstribute Book$247,936---
Total Events$247,936---
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
Annual disclosure for covered persons
Yes
Audit committee
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 8B

“Lima foundation management is charged with governance, with oversight by the board of directors.”

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

“Form 990 and schedules are provided and reviewed in detail by the foundation's president and treasurer.”

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

“Through discussion and approval of the business activities of the organization by and among the officers and directors.”

Form 990, Part VI, Section C, Line 19

“The organization will provide copies of its 990, governing documents, conflict of interest policy, and governing documents available upon request during normal business hours.”

Filing and Contact Details

Filer

Filer Name
LICENSING INDUSTRY MERCHANDISERS'
EIN
81-4406324
Phone
6467443741
Address
350 FIFTH AVENUE NO 6410, NEW YORK, NY 10118

Signing Officer

Name
Maura Regan
Title
President
Phone
6467443741
Signed
2019-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maura Regan
Formed
2017
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Raich Ende Malter & Co Llp
Address
1375 BROADWAY, NEW YORK, NY 10018
Preparer
Thomas Turrin
Phone
2129444433
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The association may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the association and various positions related to the potential sources of unrelated business taxable income (ubti). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The association did not have material unrecognized tax benefits as of december 31, 2018, and does not expect this to change significantly over the next 12 months.”

Raw XML Appendix389 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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0USED TO IMPROVE THE TREATMENT, QUALITY OF LIFE AND THE LONG-TERM OUTLOOK FOR CHILDREN AND FAMILIES AFFECTED BY A BRAIN OR SPINAL CORD TUMOR AS WELL AS THE REMARKABLE RESEARCH OF THE CHILDREN'S BRAIN TUMOR TISSUE CONSORTIUM (CBTTC).
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CHILDREN'S BRAIN TUMOR FOUNDATION
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LIMA FOUNDATION MANAGEMENT IS CHARGED WITH GOVERNANCE, WITH OVERSIGHT BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AND SCHEDULES ARE PROVIDED AND REVIEWED IN DETAIL BY THE FOUNDATION'S PRESIDENT AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THROUGH DISCUSSION AND APPROVAL OF THE BUSINESS ACTIVITIES OF THE ORGANIZATION BY AND AMONG THE OFFICERS AND DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE COPIES OF ITS 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
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 C, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133023588
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IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0247936
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02052
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246470
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ReturnHeader/BusinessOfficerGrp/PersonNm0MAURA REGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06467443741
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LICENSING INDUSTRY MERCHANDISERS'
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION FOUNDATION INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.136.106.50
ReturnHeader/FilingSecurityInformation/IPDt02019-10-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:49:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112336434
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAICH ENDE MALTER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01375 BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129444433
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS TURRIN
ReturnHeader/ReturnTs02019-11-07T10:39:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,517
Liabilities
$2,100
Net assets
-$583
Revenue
$247,939
Expenses
$248,522
Net income
-$583
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.63$2.72$1.91$1.93$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.97$0.24$2.73$2.49$2.39$0.11
2022Detailed filing. Detailed filing data is available for this year.$2.67$0.05$2.63$2.21$0.43$1.79
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$1.26$0.94$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.09$0.52$1.12$0.59$0.53
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.06$0.01$3.01$3.01$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$2.48$2.49$0.01