Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.68x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
97th percentile
Faster asset growth than 97% of similar nonprofits.
Revenue Growth
98th percentile
Faster revenue growth than 98% of similar nonprofits.
Balance Sheet
Assets
Up$17,076
Up $14,247 (+504%) from 2020
Net Assets
-$11,674
No earlier filing loaded for comparison.
Liabilities
Up$28,750
Up $28,750 from 2020
Revenue And Expenses
Revenue
Up$64,588
Up $57,576 (+821%) from 2020
Expenses
Up$79,091
Up $66,141 (+511%) from 2020
Net Income
Down-$14,503
Down $8,565 (-144%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Nov 22, 2023
- Return Version
- 2021v4.0
- Gross Receipts
- $64,588
Mission and Program Overview
Mission
Kwasan foundation is a non-profit philanthropic organization that provides funding, opportunity, and other valuable resources for haitian entrepreneurs, in order to sustain social and economic good for their communities. Entrepreneurship is interdisciplinary, so the foundation focuses on equipping the haitian people with the resources necessary for success in any setting, whether it is technology, services, retail, or social ventures.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PAID EXPENSE FOR STUDENT TO PARTICIPATE IN EDUCATIONAL PROGRAMS IN PORT AU PRINCE | - | $78,506 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GILBERT J WIRTH | President | - | $0 | - | - |
| ERIN WIRTH | Baord Member | - | $0 | - | - |
| RICHARD KESSLER | Board Memebe | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Kwasan Foundation Inc
- EIN
- 82-1363779
- Phone
- 7575678301
- Address
- 609 RIVER STRAND, CHESAPEAKE, VA 23320
Signing Officer
- Name
- Gilbert J Wirth
- Title
- President
- Phone
- 7574788747
- Signed
- 2023-11-22
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Mark Pryor CPA LLC
- Address
- 5267 GREENWICH RD 200, VIRGINIA BEACH, VA 23462
- Preparer
- Mark Pryor
- Phone
- 7574783262
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10
“University of notre dame 63,000 kwasans soccer 3,000 intervol jean marc brissau school 5,000”
Form 990-ez, Part I, Line 16
“Expenses marketing 1,506 bank fees 60 licenses 25 total 1,591”
Form 990-ez, Part II, Line 24
“Other receivables 0 6,000 total 0 6,000”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 3,750 other payables 0 25,000”
Form 990-ez, Part III
“Kwasan foundation is a non-profit philanthropic organization that provides funding, opportunity, and other valuable resources for haitian entrepreneurs, in order to sustain social and economic good for their communities. Entrepreneurship is interdisciplinary, so the foundation focuses on equipping the haitian people with the resources necessary for success in any setting, whether it is technology, services, retail, or social ventures.”
Raw XML Appendix150 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | BOOKKEEPER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7575678301 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 609 RIVER STRAND |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHESEAPEAKE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23320 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2829 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 11076 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 64588 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14503 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 6500 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 2829 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 17076 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 71000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 64588 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 2829 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -11674 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 2829 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -11674 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | GILBERT J WIRTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ERIN WIRTH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RICHARD KESSLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BAORD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMEBE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6000 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1591 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | KWASAN FOUNDATION IS A NON-PROFIT PHILANTHROPIC ORGANIZATION THAT PROVIDES FUNDING, OPPORTUNITY, AND OTHER VALUABLE RESOURCES FOR HAITIAN ENTREPRENEURS, IN ORDER TO SUSTAIN SOCIAL AND ECONOMIC GOOD FOR THEIR COMMUNITIES. ENTREPRENEURSHIP IS INTERDISCIPLINARY, SO THE FOUNDATION FOCUSES ON EQUIPPING THE HAITIAN PEOPLE WITH THE RESOURCES NECESSARY FOR SUCCESS IN ANY SETTING, WHETHER IT IS TECHNOLOGY, SERVICES, RETAIL, OR SOCIAL VENTURES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PAID EXPENSE FOR STUDENT TO PARTICIPATE IN EDUCATIONAL PROGRAMS IN PORT AU PRINCE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 78506 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 28750 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 79091 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 78506 |
| IRS990EZ/TotalRevenueAmt | 0 | 64588 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | KWASANS.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 64588 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5422 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 8997 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 8737 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 20198 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 107942 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 3000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 75151 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 75966 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 3229 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 157346 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 265288 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 64588 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 8422 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 84148 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 84703 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 23427 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 265288 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 64588 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 8422 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 84148 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 84703 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 23427 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 265288 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | UNIVERSITY OF NOTRE DAME 63,000 KWASANS SOCCER 3,000 INTERVOL JEAN MARC BRISSAU SCHOOL 5,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES MARKETING 1,506 BANK FEES 60 LICENSES 25 TOTAL 1,591 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | OTHER RECEIVABLES 0 6,000 TOTAL 0 6,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 3,750 OTHER PAYABLES 0 25,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | KWASAN FOUNDATION IS A NON-PROFIT PHILANTHROPIC ORGANIZATION THAT PROVIDES FUNDING, OPPORTUNITY, AND OTHER VALUABLE RESOURCES FOR HAITIAN ENTREPRENEURS, IN ORDER TO SUSTAIN SOCIAL AND ECONOMIC GOOD FOR THEIR COMMUNITIES. ENTREPRENEURSHIP IS INTERDISCIPLINARY, SO THE FOUNDATION FOCUSES ON EQUIPPING THE HAITIAN PEOPLE WITH THE RESOURCES NECESSARY FOR SUCCESS IN ANY SETTING, WHETHER IT IS TECHNOLOGY, SERVICES, RETAIL, OR SOCIAL VENTURES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | GILBERT J WIRTH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7574788747 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | KWASAN FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | KWAS |
| ReturnHeader/Filer/EIN | 0 | 821363779 |
| ReturnHeader/Filer/PhoneNum | 0 | 7575678301 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 609 RIVER STRAND |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHESAPEAKE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23320 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 863802381 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MARK PRYOR CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5267 GREENWICH RD 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | VIRGINIA BEACH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23462 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7574783262 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-11-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARK PRYOR |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2023-11-22T14:44:53-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | GILBERT |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | WIRTH |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $17,076
- Liabilities
- $28,750
- Net assets
- -$11,674
- Revenue
- $64,588
- Expenses
- $79,091
- Net income
- -$14,503