Civic Intelligence

Korman Foundation

EIN 82-5201400 • Staten Island, NY

Revoked

Profile

Revocation date: May 15, 2023

7 Navy Pier CtStaten Island, NY 10304
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.00x

Higher debt load relative to assets than 95% of similar nonprofits.

<$500k nonprofits • Source year 2019

Liabilities / Revenue

95th percentile

1.00x

Higher debt load relative to revenue than 95% of similar nonprofits.

<$500k nonprofits • Source year 2019

Net Margin

1st percentile

-14849900%

Higher net margin than 1% of similar nonprofits.

<$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

<$500k nonprofits • Source year 2019

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

<$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$0

Down $148,184 (-100%) from 2018

Liabilities

Flat

$0

Flat from 2018

Net Assets

Down

$0

Down $148,184 (-100%) from 2018

Operations
Liabilities / Revenue95th percentileNet Margin1st percentile

Revenue

Flat

$0

Flat from 2018

Expenses

Up

$148,500

Up $129,225 (+670%) from 2018

Net Income

Down

-$148,500

Down $129,225 (-670%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2017: $167,459Liabilities 2017: $0Net Assets 2017: $167,4592017Assets 2018: $148,184Liabilities 2018: $0Net Assets 2018: $148,1842018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2017: $176,709Expenses 2017: $9,250Net Income 2017: $167,4592017Revenue 2018: $0Expenses 2018: $19,275Net Income 2018: -$19,2752018Revenue 2019: $0Expenses 2019: $148,500Net Income 2019: -$148,5002019

Highlighted filing

2019

Revenue$0
Expenses$148,500
Net Income-$148,500
Open 2019 Filing

Filings

Most recent year

2019 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$0
Expenses
$148,500
Net income
-$148,500
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$1.49$1.49
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.00$0.19$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.77$0.09$1.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barry KormanTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Korman Foundation
EIN
82-5201400
Phone
9148155026
Address
7 Navy Pier Ct, Staten Island, NY 10304

Signing Officer

Name
Barry Korman
Title
Trustee
Signed
2020-11-12
Discuss with paid preparer
No

Preparer

Firm
Yi Accounting Inc
Address
318 ROEBLING STREET, BROOKLYN, NY 11211
Preparer
Harry Hirschfeld
Phone
7187821419
Raw XML Appendix133 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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IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt00
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IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt0148500
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IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0false
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0Barry Korman
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt07 Navy Pier Ct
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IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PhoneNum09148155026
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0Barry Korman
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt0148500
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0General Support
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0Khal Bnei Matisyohi Inc
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0163 Penn St
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IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0148500
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt00
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt09000
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0176500
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0148500
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt019000
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt09000
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0148500
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0148500
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0176500
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt028000
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Korman Trust
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt014426 Amberly Lane Apt 602
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Delray Beach
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0FL
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IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
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ReturnHeader/Filer/BusinessNameControlTxt0KORM
ReturnHeader/Filer/EIN0825201400
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/FilingSecurityInformation/IPDt02020-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm017:12:46
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0318 ROEBLING STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HARRY HIRSCHFELD
ReturnHeader/ReturnTs02020-11-12T02:06:16-00:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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