Civic Intelligence

The Comet Foundation

990EZ • Fiscal year 2021 • EIN 82-2674800

Jan 01, 2021 to Dec 31, 2021 • Filed on Feb 23, 2022

Organization ProfileN/A
One Innovation WayHarrisburg, PA 17110

(717) 710-3300

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

1st percentile

-1900%

Higher net margin than 1% 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

39th percentile

-0.2%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

6th percentile

-87%

Faster revenue growth than 6% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$244,639

Down $570 (-0.2%) from 2020

Net Assets

Down

$244,639

Down $570 (-0.2%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$30

Down $202 (-87%) from 2020

Expenses

Up

$600

Up $600 from 2020

Net Income

Down

-$570

Down $802 (-346%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$300K$200K$100K$0Assets 2019: $244,977Liabilities 2019: $0Net Assets 2019: $244,9772019Assets 2020: $245,209Liabilities 2020: $0Net Assets 2020: $245,2092020Assets 2021: $244,639Liabilities 2021: $0Net Assets 2021: $244,6392021Assets 2022: $244,678Liabilities 2022: $0Net Assets 2022: $244,6782022Assets 2023: $276,862Liabilities 2023: $0Net Assets 2023: $276,8622023Assets 2024: $279,042Liabilities 2024: $0Net Assets 2024: $279,0422024

Highlighted filing

2021

Assets$244,639
Liabilities$0
Net Assets$244,639
Open 2021 Filing

Operations Trend

Revenue Growth6th percentile

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

$300K$200K$100K$0-$100KRevenue 2019: $244,977Expenses 2019: $0Net Income 2019: $244,9772019Revenue 2020: $232Expenses 2020: $0Net Income 2020: $2322020Revenue 2021: $30Expenses 2021: $600Net Income 2021: -$5702021Revenue 2022: $54Expenses 2022: $15Net Income 2022: $392022Revenue 2023: $32,199Expenses 2023: $15Net Income 2023: $32,1842023Revenue 2024: $2,195Expenses 2024: $15Net Income 2024: $2,1802024

Highlighted filing

2021

Revenue$30
Expenses$600
Net Income-$570
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Feb 23, 2022
Return Version
2021v4.1
Gross Receipts
$30
Mission and Program Overview

Mission

The comet foundation was established as an organization to provide personal learning experience not only to the individual student but to the entire family. The foundation's focus is towards students with special needs.

Program Services

DescriptionGrantsExpenses
THE COMET FOUNDATION TAKES IT CUE FROM THE PRINCIPLES OF "MASS CUSTOMIZED LEARNING" (MCL) AS DESCRIBED IN INEVITABLE TOO!, AUTHORED BY CHARLES SCHWALM AND BEATRICE MCGARVEY. MCL'S PRINCIPLE IDEA IS TO MOVE AWAY FROM TEACHING TO LEARNING; STUDENTS BECOME LEARNERS, TEACHERS ARE LEARNING FACILITATORS, AND CLASSROOMS ARE LEARNING COMMUNITIES. STUDENTS ARE STEERED TOWARD A PATH WHERE CURRICULUM IS CAREER FOCUSED RATHER THAN COLLEGE FOCUSED. IN ORDER TO SUCCESSFULLY IMPLEMENT THIS STRATEGY, THE COMET FOUNDATION WILL WORK ON RAISING FUNDS, FORMULATING STRATEGIES TO FORM BUSINESS PARTNERSHIPS, CONDUCT CAREER ASSESSMENTS FOR EVERY LEARNER, DETERMINE APPROPRIATE INTERNSHIPS AND/OR JOB EXPERIENCES, AND SUPPORT INNOVATIVE SPECIAL EDUCATION PROGRAMS FOR UNDERSERVED STUDENTS PARTICULARLY THOSE EXPERIENCING THE CHALLENGES OF AUTISM. THE ULTIMATE GOAL OF THE COMET FOUNDATION IS TO EQUIP AUTISTIC STUDENTS WITH THE SKILLS AND KNOWLEDGE TO LEAD SUCCESSFUL LIVES AFTER HIGH SCHOOL. IN ORDER TO ACCOMPLISH THIS GOAL, THE COMET FOUNDATION WILL WORK CLOSELY WITH COMMONWEALTH CHARTER ACADEMY STAFF TO PREPARE STUDENTS FOR SUCCESSFUL CAREERS. WITH THIS PARTNERSHIP, THE COMET FOUNDATION HOPES TO ENRICH THE LIVES OF ITS STUDENTS AND COMMUNITY.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RALPH DYERPresident-$0--
MICHAEL WILSONVice President-$0--
SHARON PALLOTTASecretary-$0--
CHRISTINE HAKESTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Comet Foundation
EIN
82-2674800
Phone
7177103300
Address
ONE INNOVATION WAY, HARRISBURG, PA 17110

Signing Officer

Name
Christine Hakes
Title
Treasurer
Phone
7177103300
Signed
2022-02-23
Discuss with paid preparer
Yes

Preparer

Firm
Herbein Company Inc
Address
2763 CENTURY BOULEVARD, READING, PA 19610
Preparer
Linda S Himeback CPA
Phone
6103781175
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: investment income. Amount: 30.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: irs fee. Amount: 600.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: loan receivable. Beg. Of year amount: 165,000. End of year amount: 190,000.”

Raw XML Appendix143 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RALPH DYER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MICHAEL WILSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHRISTINE HAKES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0600
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE COMET FOUNDATION WAS ESTABLISHED AS AN ORGANIZATION TO PROVIDE PERSONAL LEARNING EXPERIENCE NOT ONLY TO THE INDIVIDUAL STUDENT BUT TO THE ENTIRE FAMILY. THE FOUNDATION'S FOCUS IS TOWARDS STUDENTS WITH SPECIAL NEEDS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE COMET FOUNDATION TAKES IT CUE FROM THE PRINCIPLES OF "MASS CUSTOMIZED LEARNING" (MCL) AS DESCRIBED IN INEVITABLE TOO!, AUTHORED BY CHARLES SCHWALM AND BEATRICE MCGARVEY. MCL'S PRINCIPLE IDEA IS TO MOVE AWAY FROM TEACHING TO LEARNING; STUDENTS BECOME LEARNERS, TEACHERS ARE LEARNING FACILITATORS, AND CLASSROOMS ARE LEARNING COMMUNITIES. STUDENTS ARE STEERED TOWARD A PATH WHERE CURRICULUM IS CAREER FOCUSED RATHER THAN COLLEGE FOCUSED. IN ORDER TO SUCCESSFULLY IMPLEMENT THIS STRATEGY, THE COMET FOUNDATION WILL WORK ON RAISING FUNDS, FORMULATING STRATEGIES TO FORM BUSINESS PARTNERSHIPS, CONDUCT CAREER ASSESSMENTS FOR EVERY LEARNER, DETERMINE APPROPRIATE INTERNSHIPS AND/OR JOB EXPERIENCES, AND SUPPORT INNOVATIVE SPECIAL EDUCATION PROGRAMS FOR UNDERSERVED STUDENTS PARTICULARLY THOSE EXPERIENCING THE CHALLENGES OF AUTISM. THE ULTIMATE GOAL OF THE COMET FOUNDATION IS TO EQUIP AUTISTIC STUDENTS WITH THE SKILLS AND KNOWLEDGE TO LEAD SUCCESSFUL LIVES AFTER HIGH SCHOOL. IN ORDER TO ACCOMPLISH THIS GOAL, THE COMET FOUNDATION WILL WORK CLOSELY WITH COMMONWEALTH CHARTER ACADEMY STAFF TO PREPARE STUDENTS FOR SUCCESSFUL CAREERS. WITH THIS PARTNERSHIP, THE COMET FOUNDATION HOPES TO ENRICH THE LIVES OF ITS STUDENTS AND COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0989
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum07177103300
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-23
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ReturnHeader/Filer/EIN0822674800
ReturnHeader/Filer/PhoneNum07177103300
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE INNOVATION WAY
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232415973
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HERBEIN COMPANY INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02763 CENTURY BOULEVARD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0READING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerPersonGrp/PhoneNum06103781175
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA S HIMEBACK CPA
ReturnHeader/ReturnTs02022-02-25T08:45:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAKES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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.

Open filing
Assets
$244,639
Liabilities
$0
Net assets
$244,639
Revenue
$30
Expenses
$600
Net income
-$570
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.79$0.00$2.79$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$0.32$0.00$0.32
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$2.45$0.00$2.45$2.45$0.00$2.45