Civic Intelligence

The Comet Foundation

990EZ • Fiscal year 2022 • EIN 82-2674800

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 26, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

80%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$244,678

Up $39 (+0.0%) from 2021

Net Assets

Up

$244,678

Up $39 (+0.0%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin95th percentile

Revenue

Up

$54

Up $24 (+80%) from 2021

Expenses

Down

$15

Down $585 (-98%) from 2021

Net Income

Up

$39

Up $609 (+107%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2022

Assets$244,678
Liabilities$0
Net Assets$244,678
Open 2022 Filing

Operations Trend

Revenue Growth80th 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

2022

Revenue$54
Expenses$15
Net Income$39
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 26, 2023
Return Version
2022v5.0
Gross Receipts
$54
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$15
Compensation and Service Providers
Top Officer Pay78th 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
2023-06-26
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: 54.”

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

“Description: fees. Amount: 15.”

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

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

Raw XML Appendix146 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt015
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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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt015
IRS990EZ/ProhibitedTaxShelterTransInd00
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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/Filer/EIN0822674800
ReturnHeader/Filer/PhoneNum07177103300
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ReturnHeader/PreparerPersonGrp/PhoneNum06103781175
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA S HIMEBACK CPA
ReturnHeader/ReturnTs02023-06-26T09:21:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRISTINE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAKES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$244,678
Liabilities
$0
Net assets
$244,678
Revenue
$54
Expenses
$15
Net income
$39
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