Civic Intelligence

Olm Strong Foundation Inc

990 • Fiscal year 2020 • EIN 82-4728366

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 06, 2021

Organization ProfileN/A
3 Matthew CTMadison, CT 06443

(203) 689-5101

Siviq Scores

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

Liabilities / Assets

100th percentile

8.20x

Higher debt load relative to assets than 100% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

48th percentile

0.05x

Higher debt load relative to revenue than 48% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

29th percentile

-5.3%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

1st percentile

-88%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

20th percentile

-28%

Faster revenue growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$3,661

Down $26,464 (-88%) from 2019

Net Assets

Down

-$26,344

Down $31,469 (-614%) from 2019

Liabilities

Up

$30,005

Up $5,005 (+20%) from 2019

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin29th percentile

Revenue

Down

$594,010

Down $236,221 (-28%) from 2019

Expenses

Down

$625,479

Down $686,439 (-52%) from 2019

Net Income

Up

-$31,469

Up $450,218 (+93%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2018: $486,812Liabilities 2018: $0Net Assets 2018: $486,8122018Assets 2019: $30,125Liabilities 2019: $25,000Net Assets 2019: $5,1252019Assets 2020: $3,661Liabilities 2020: $30,005Net Assets 2020: -$26,3442020Assets 2021: $104,725Liabilities 2021: $0Net Assets 2021: $104,7252021Assets 2022: $2,323,346Liabilities 2022: $0Net Assets 2022: $2,323,3462022Assets 2023: $2,243,663Liabilities 2023: $15,000Net Assets 2023: $2,228,6632023Assets 2024: $2,194,325Liabilities 2024: $0Net Assets 2024: $2,194,3252024

Highlighted filing

2020

Assets$3,661
Liabilities$30,005
Net Assets-$26,344
Open 2020 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $1,276,734Expenses 2018: $789,922Net Income 2018: $486,8122018Revenue 2019: $830,231Expenses 2019: $1,311,918Net Income 2019: -$481,6872019Revenue 2020: $594,010Expenses 2020: $625,479Net Income 2020: -$31,4692020Revenue 2021: $840,010Expenses 2021: $708,941Net Income 2021: $131,0692021Revenue 2022: $2,825,053Expenses 2022: $873,932Net Income 2022: $1,951,1212022Revenue 2023: $340,756Expenses 2023: $435,439Net Income 2023: -$94,6832023Revenue 2024: $410,114Expenses 2024: $444,452Net Income 2024: -$34,3382024

Highlighted filing

2020

Revenue$594,010
Expenses$625,479
Net Income-$31,469
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 6, 2021
Return Version
2020v4.1
Gross Receipts
$594,010
Mission and Program Overview

Mission

The purpose of the foundation is to solicit charitable contributions and other funds in order to provide financial support and other benefits such as financial aid and student scholarships to the students of our lady of mercy school of madison, inc.

To operate exclusively for charitable purposes by engaging directly or indirectly in activities in support of such purpose and by making contributions to organzations, to include our lady of mercy school of madison, inc., that qualfity under section 501(c)(3) of the internal revenue code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$25,000$30,005▲ $5,005
Savings and Temporary Cash Investments$30,125$3,661▼ $26,464
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$5,125$-26,344▼ $31,469
Total Assets$30,125$3,661▼ $26,464
Liabilities
Total Liabilities$25,000$30,005▲ $5,005
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,125$-26,344▼ $31,469
Total Liabilities and Net Assets / Fund Balance$30,125$3,661▼ $26,464
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Joseph PiagentiniPresident
Gregg LallierBoard Member
James EngelhartBoard Member
Jessica MularskyBoard Member
John PicardBoard Member
Vlad CoricBoard Member
Stephen CioccaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$594,000
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$594,000
Change in Net Assets
$-31,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$619,276
Other Expenses$6,203
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$619,276--$619,276
Interest-$2,451-$2,451
Other Expenses-$1,185-$1,185
Fees for Services Accounting-$1,150-$1,150
Office Expenses-$720-$720
Fees for Services Other-$697-$697
Total Functional Expenses$619,276$6,203$0$625,479
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Our Lady of Mercy School of Madison IncMadison, CT501(c)(3)Financial Support for Start Up and Operation of School for Grades Pre-k Through 8th Grade.$619,276
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000$30,005▲ $5,005
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
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
No
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

“A copy of the form 990 is provided to all directors for their review prior to filing.”

Form 990, Part VI, Section B, Line 15

“Currently compensation policies are not necessary since the organization does not have any compensated officers, management personnel or key employees.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and form 990 are available for public inspection upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents and conflict of interest policy are made available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Olm Strong Foundation Inc
EIN
82-4728366
Phone
2036895101
Address
3 MATTHEW CT, MADISON, CT 06443

Signing Officer

Name
Joseph Piagentini
Title
President
Phone
2036895101
Signed
2021-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Piagentini
Formed
2018
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
T M Byxbee Company Pc
Address
P O BOX 187169, HAMDEN, CT 06518
Preparer
Albert M Stiewing
Phone
2032814933
Raw XML Appendix378 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/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENTLY COMPENSATION POLICIES ARE NOT NECESSARY SINCE THE ORGANIZATION DOES NOT HAVE ANY COMPENSATED OFFICERS, MANAGEMENT PERSONNEL OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 1023 AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MADISON
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0619276
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0BOOK
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OUR LADY OF MERCY SCHOOL OF MADISON INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030125
IRS990/TotalAssetsEOYAmt03661
IRS990/TotalAssetsGrp/BOYAmt030125
IRS990/TotalAssetsGrp/EOYAmt03661
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0594000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06203
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0619276
IRS990/TotalFunctionalExpensesGrp/TotalAmt0625479
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025000
IRS990/TotalLiabilitiesEOYAmt030005
IRS990/TotalLiabilitiesGrp/BOYAmt025000
IRS990/TotalLiabilitiesGrp/EOYAmt030005
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05125
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0619276
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0594010
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030125
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03661
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/USAddress/CityNm0MADISON
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IRS990/USAddress/ZIPCd006443
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH PIAGENTINI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02036895101
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLM STRONG FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OLMS
ReturnHeader/Filer/EIN0824728366
ReturnHeader/Filer/PhoneNum02036895101
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006443
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061386456
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T M BYXBEE COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 187169
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006518
ReturnHeader/PreparerPersonGrp/PhoneNum02032814933
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALBERT M STIEWING
ReturnHeader/ReturnTs02021-08-09T08:27:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PIAGENTINI
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,661
Liabilities
$30,005
Net assets
-$26,344
Revenue
$594,010
Expenses
$625,479
Net income
-$31,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$0.41$0.44$0.03
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.02$2.23$0.34$0.44$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$2.83$0.87$1.95
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.84$0.71$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.03$0.03$0.59$0.63$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.01$0.83$1.31$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$1.28$0.79$0.49