Civic Intelligence

Kinfolk Tech Foundation

990 • Fiscal year 2020 • EIN 82-3658329

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2021

614 Wayne AveNew Hyde Park, NY 11040

(516) 581-6224

Siviq Scores

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

Liabilities / Assets

81st percentile

0.12x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

79th percentile

0.08x

Higher debt load relative to revenue than 79% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

12th percentile

-77%

Higher net margin than 12% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Top Officer Pay

95th percentile

$50,615

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Asset Growth

5th percentile

-57%

Faster asset growth than 5% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-56%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$152,502

Down $202,296 (-57%) from 2019

Net Assets

Down

$134,129

Down $202,296 (-60%) from 2019

Liabilities

Flat

$18,373

Flat from 2019

Revenue

Down

$219,113

Down $275,893 (-56%) from 2019

Expenses

Up

$388,234

Up $247,901 (+177%) from 2019

Net Income

Down

-$169,121

Down $523,794 (-148%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $354,798Liabilities 2019: $18,373Net Assets 2019: $336,4252019Assets 2020: $152,502Liabilities 2020: $18,373Net Assets 2020: $134,1292020Assets 2021: $1,869,448Liabilities 2021: $5,433Net Assets 2021: $1,864,0152021Assets 2022: $856,455Liabilities 2022: $21,131Net Assets 2022: $835,3242022Assets 2023: $174,923Liabilities 2023: $20,086Net Assets 2023: $154,8372023Assets 2024: $3,709,167Liabilities 2024: $37,286Net Assets 2024: $3,671,8812024

Highlighted filing

2020

Assets$152,502
Liabilities$18,373
Net Assets$134,129

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $495,006Expenses 2019: $140,333Net Income 2019: $354,6732019Revenue 2020: $219,113Expenses 2020: $388,234Net Income 2020: -$169,1212020Revenue 2021: $2,600,739Expenses 2021: $870,853Net Income 2021: $1,729,8862021Revenue 2022: $499,252Expenses 2022: $1,527,943Net Income 2022: -$1,028,6912022Revenue 2023: $1,029,145Expenses 2023: $1,711,001Net Income 2023: -$681,8562023Revenue 2024: $5,187,822Expenses 2024: $1,758,081Net Income 2024: $3,429,7412024

Highlighted filing

2020

Revenue$219,113
Expenses$388,234
Net Income-$169,121
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2021
Return Version
2020v4.1
Gross Receipts
$219,113
Mission and Program Overview

Mission

To preserve, protect and share the erased histories for communities most impacted by displacement, violence and exclusion; allowing them to define their legacy and shape their future through partnerships, art and technology.

To write black and brown narratives into american curricula.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$354,798$144,993▼ $209,805
Savings and Temporary Cash Investments-$7,509-
Total Assets$354,798$152,502▼ $202,296
Liabilities
Accounts Payable and Accrued Expenses$18,373$18,373→ $0
Total Liabilities$18,373$18,373→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$480,000$138,296▼ $341,704
Net Assets Without Donor Restrictions$-143,575$-4,167▲ $139,408
Total Net Assets Fund Balance$336,425$134,129▼ $202,296
Total Liabilities and Net Assets / Fund Balance$354,798$152,502▼ $202,296
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Idris BrewsterCheif Creative OfficerFT$50,615$50,615
Michah MilnerCheif Operations OfficerFT$39,055$39,055
Glenn CanvanteCEOFT$34,342$34,342
Revenue and Support

Revenue Composition

Contributions and Grants
$219,113
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$219,113
Change in Net Assets
$-169,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$264,222
Salaries, Compensation, and Employee Benefits$124,012
Total Fundraising Expense$10,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$210,279$5,243$5,246$220,768
Current Officers, Directors, Trustees, and Key Employees$112,612$5,701$5,699$124,012
Fees for Services Legal-$14,000-$14,000
Other Expenses$8,355$1,062-$9,417
Information Technology$5,396--$5,396
Office Expenses-$488-$488
Total Functional Expenses$347,100$30,189$10,945$388,234
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Idris BrewsterOfficer of Movers & ShakersPaid for Services to the OrganizationNo$50,615
Michah MilnerOfficer of Movers & ShakersPaid for Services to the OrganizationNo$39,055
Glenn CantaveOfficer of Movers & ShakersPaid for Services to the OrganizationNo$34,342
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The draft 990 has been reviewed by the board.

Form 990, Part VI, Section B, Line 12C

Each director, officer and member of a committee is required to disclose any conflicts if and when they arise and are required to sign an annual statement stating that he or she: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that the corporation is charitable and in order to maintain its federal tax exemption must engage primarily in activities that accomplish one or more of its tax exempt purposes.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Movers & Shakers Foundation
EIN
82-3658329
Phone
5165816224
Address
614 WAYNE AVE, NEW HYDE PARK, NY 11040

Signing Officer

Name
Glenn Cantave
Title
CEO
Phone
5165816224
Signed
2021-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Cantave
Formed
2017
Legal Domicile
De
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
Frank Maag
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other: program service expenses 210,279. Management and general expenses 5,243. Fundraising expenses 5,246. Total expenses 220,768.

Form 990, Part XII, Line 1

In 2019 the preparer mistakenly checked off that the return was prepared on the cash basis. The books are kept on the accrual basis and both 2019 and 2020 returns were prepared on the accrual basis.

Raw XML Appendix322 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DRAFT 990 HAS BEEN REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE IS REQUIRED TO DISCLOSE ANY CONFLICTS IF AND WHEN THEY ARISE AND ARE REQUIRED TO SIGN AN ANNUAL STATEMENT STATING THAT HE OR SHE: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THAT THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER: PROGRAM SERVICE EXPENSES 210,279. MANAGEMENT AND GENERAL EXPENSES 5,243. FUNDRAISING EXPENSES 5,246. TOTAL EXPENSES 220,768.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN 2019 THE PREPARER MISTAKENLY CHECKED OFF THAT THE RETURN WAS PREPARED ON THE CASH BASIS. THE BOOKS ARE KEPT ON THE ACCRUAL BASIS AND BOTH 2019 AND 2020 RETURNS WERE PREPARED ON THE ACCRUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0152502
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0614 WAYNE AVE
IRS990/USAddress/CityNm0NEW HYDE PARK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011040
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0MOVERSANDSHAKERSNYC.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN CANTAVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum05165816224
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOVERS & SHAKERS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MOVE
ReturnHeader/Filer/EIN0823658329
ReturnHeader/Filer/PhoneNum05165816224
ReturnHeader/Filer/USAddress/AddressLine1Txt0614 WAYNE AVE
ReturnHeader/Filer/USAddress/CityNm0NEW HYDE PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011040
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133597814
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SKODY SCOT & CO CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0520 EIGHTH AVE SUITE 2200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02129671100
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK MAAG
ReturnHeader/ReturnTs02021-11-10T09:23:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GLENN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CANTAVE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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