Civic Intelligence

The River City Charitable Foundation

990PF • Fiscal year 2020 • EIN 81-4657113

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 08, 2021

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.00x

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Net Margin

95th percentile

85%

Higher net margin than 95% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2020 filings • $1M-$5M nonprofits • Source year 2020

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-1.1%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$4,954,980

Up $961,519 (+24%) from 2019

Net Assets

Up

$4,954,980

Up $961,519 (+24%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin95th percentile

Revenue

Down

$1,133,604

Down $12,723 (-1.1%) from 2019

Expenses

Up

$172,085

Up $56,339 (+49%) from 2019

Net Income

Down

$961,519

Down $69,062 (-6.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$30M$20M$10M$0Assets 2017: $2,110,082Liabilities 2017: $0Net Assets 2017: $2,110,0822017Assets 2018: $2,962,880Liabilities 2018: $0Net Assets 2018: $2,962,8802018Assets 2019: $3,993,461Liabilities 2019: $0Net Assets 2019: $3,993,4612019Assets 2020: $4,954,980Liabilities 2020: $0Net Assets 2020: $4,954,9802020Assets 2021: $6,542,197Liabilities 2021: $0Net Assets 2021: $6,542,1972021Assets 2022: $7,635,259Liabilities 2022: $0Net Assets 2022: $7,635,2592022Assets 2023: $22,375,401Liabilities 2023: $0Net Assets 2023: $22,375,4012023Assets 2024: $24,586,314Liabilities 2024: $0Net Assets 2024: $24,586,3142024

Highlighted filing

2020

Assets$4,954,980
Liabilities$0
Net Assets$4,954,980
Open 2020 Filing

Operations Trend

Revenue Growth49th percentile

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

$20M$15M$10M$5.0M$0Revenue 2017: $1,121,148Expenses 2017: $11,066Net Income 2017: $1,110,0822017Revenue 2018: $904,843Expenses 2018: $52,045Net Income 2018: $852,7982018Revenue 2019: $1,146,327Expenses 2019: $115,746Net Income 2019: $1,030,5812019Revenue 2020: $1,133,604Expenses 2020: $172,085Net Income 2020: $961,5192020Revenue 2021: $1,812,898Expenses 2021: $225,681Net Income 2021: $1,587,2172021Revenue 2022: $1,439,039Expenses 2022: $345,977Net Income 2022: $1,093,0622022Revenue 2023: $15,185,711Expenses 2023: $445,569Net Income 2023: $14,740,1422023Revenue 2024: $2,659,579Expenses 2024: $448,666Net Income 2024: $2,210,9132024

Highlighted filing

2020

Revenue$1,133,604
Expenses$172,085
Net Income$961,519
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 8, 2021
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Allen HallidayDir, Pres-$0--
Grace M HallidayDir, Sec, Treas-$0--
Filing and Contact Details

Filer

Filer Name
The 297 Foundation
EIN
81-4657113
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Allen Halliday
Title
President
Phone
8008391754
Signed
2021-12-08
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
One Hollow Ln Ste 212, Lake Success, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix293 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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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm1Grace M Halliday
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IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt03308
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0152909
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0205925
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02017
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02016
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0156217
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0202617
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0152909
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Halliday Allen
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt05449 Normandy Avenue
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Memphis
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0TN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd038120
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt01025000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt021192
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt021192
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt015268
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Investment Management Services
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt015268
ReasonableCauseExplanation/ExplanationTxt0The 297 Foundation (EIN: 81-4657113) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF return was timely filed on April 22, 2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the administrator's tax software was unable to transmit returns marked with a "name change" to be e-filed, since the IRS had never allowed for that before. It wasn't until the Foundation received an IRS notice dated November 1, 2021, that the administrator became aware that the IRS now accepts short period initial returns via e-file and that the software's capability had been updated. The foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing.
TaxesSchedule/TaxesDetail/Amt0600
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2020
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLEN HALLIDAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-12-08
ReturnHeader/DisasterReliefTxt0NEW YORK-HURRICANE IDA
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The 297 Foundation
ReturnHeader/Filer/BusinessNameControlTxt0297F
ReturnHeader/Filer/EIN0814657113
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lake Success
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02021-12-09T09:02:21-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALLEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HALLIDAY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,954,980
Liabilities
$0
Net assets
$4,954,980
Revenue
$1,133,604
Expenses
$172,085
Net income
$961,519
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.6$0.00$24.6$2.66$0.45$2.21
2023Detailed filing. Detailed filing data is available for this year.$22.4$0.00$22.4$15.2$0.45$14.7
2022Detailed filing. Detailed filing data is available for this year.$7.64$0.00$7.64$1.44$0.35$1.09
2021Detailed filing. Detailed filing data is available for this year.$6.54$0.00$6.54$1.81$0.23$1.59
2020Detailed filing. Detailed filing data is available for this year.$4.95$0.00$4.95$1.13$0.17$0.96
2019Detailed filing. Detailed filing data is available for this year.$3.99$0.00$3.99$1.15$0.12$1.03
2018Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$0.90$0.05$0.85
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$1.12$0.01$1.11