Civic Intelligence

Eight Torches Foundation

990PF • Fiscal year 2018 • EIN 82-3337600

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 29, 2019

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

37th percentile

0.00x

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

2018 filings • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.00x

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

2018 filings • $500k-$1M nonprofits • Source year 2018

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

2018 filings • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2018 filings • $500k-$1M 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 / Assets37th percentile

Assets

$602,135

No earlier filing loaded for comparison.

Net Assets

$602,135

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin95th percentile

Revenue

$405,962

No earlier filing loaded for comparison.

Expenses

$113,857

No earlier filing loaded for comparison.

Net Income

$292,105

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.

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $602,135Liabilities 2018: $0Net Assets 2018: $602,1352018Assets 2019: $749,965Liabilities 2019: $02019Assets 2020: $678,783Liabilities 2020: $1Net Assets 2020: $678,7832020Assets 2021: $2,928,391Liabilities 2021: $1Net Assets 2021: $2,928,3912021Assets 2022: $2,920,443Liabilities 2022: $1Net Assets 2022: $2,920,4432022Assets 2023: $3,044,360Liabilities 2023: $1Net Assets 2023: $3,044,3602023Assets 2024: $3,721,469Liabilities 2024: $0Net Assets 2024: $3,721,4692024

Highlighted filing

2018

Assets$602,135
Liabilities$0
Net Assets$602,135
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $405,962Expenses 2018: $113,857Net Income 2018: $292,1052018Revenue 2019: $174,558Expenses 2019: $26,728Net Income 2019: $147,8302019Revenue 2020: $15,449Expenses 2020: $86,631Net Income 2020: -$71,1822020Revenue 2021: $2,264,053Expenses 2021: $14,445Net Income 2021: $2,249,6082021Revenue 2022: $1,149,975Expenses 2022: $1,157,923Net Income 2022: -$7,9482022Revenue 2023: $1,374,819Expenses 2023: $1,250,902Net Income 2023: $123,9172023Revenue 2024: $3,334,688Expenses 2024: $2,657,579Net Income 2024: $677,1092024

Highlighted filing

2018

Revenue$405,962
Expenses$113,857
Net Income$292,105
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 29, 2019
Return Version
2018v3.1
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
D G ElmoreDir, Pres, Sec, Treas-$0--
David Gant Elmore IIIVP-$0--
Filing and Contact Details

Filer

Filer Name
Eight Torches Foundation
EIN
82-3337600
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
D G Elmore
Title
President
Phone
8008391754
Signed
2019-07-29
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 Appendix305 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1Bloomington
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0IN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1IN
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd047404
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd147404
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0350000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt150000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets.The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions:During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $101,000. This amount represents 25% or more of the Foundation's net assets of $310,030 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution.The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Administrative Set-Up Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Delaware Incorporation Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3IRS Application Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4Postage/Delivery Service
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt07312
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt14400
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3600
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt419
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt525
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt07312
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt14400
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3600
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt419
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt525
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Gant Travel Management
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt0400 West 7th Street Suite 233
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0Bloomington
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0IN
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd047404
TaxesSchedule/TaxesDetail/Amt01
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Excise Tax for 2017
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0D G ELMORE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Eight Torches Foundation
ReturnHeader/Filer/BusinessNameControlTxt0EIGH
ReturnHeader/Filer/EIN0823337600
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0BC971FC33BAF52379132A0473611089A0DAEC697
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId078D185D94E59032E4B5D677F857013E059842DEA
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId006391520192205000015
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-08-08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.187.244.114
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/ReturnTs02019-08-08T14:33:38-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$602,135
Liabilities
$0
Net assets
$602,135
Revenue
$405,962
Expenses
$113,857
Net income
$292,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.72$0.00$3.72$3.33$2.66$0.68
2023Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$1.37$1.25$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.92$0.00$2.92$1.15$1.16$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$2.26$0.01$2.25
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.02$0.09$0.07
2019Summary only. Only limited summary data is available for this year.$0.75$0.00$0.17$0.03$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.41$0.11$0.29