Civic Intelligence

Farano Scholarship Tr

990PF • Fiscal year 2018 • EIN 82-6875780

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2020

Organization Profile
4101 Stonegate DriveRensselaer, NY 12309

(518) 527-3842

Siviq Scores

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

Liabilities / Assets

81st percentile

0.00x

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

2018 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

81st percentile

0.00x

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

2018 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

98%

Higher net margin than 96% of similar nonprofits.

2018 filings • NTEE T20 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2018 filings • NTEE T20 • $1M-$5M 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 / Assets81st percentile

Assets

$1,680,512

No earlier filing loaded for comparison.

Net Assets

$1,680,512

No earlier filing loaded for comparison.

Liabilities

$1

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin96th percentile

Revenue

$605,663

No earlier filing loaded for comparison.

Expenses

$13,736

No earlier filing loaded for comparison.

Net Income

$591,927

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.

$2.0M$1.5M$1.0M$500K$0Assets 2018: $1,680,512Liabilities 2018: $1Net Assets 2018: $1,680,5122018Assets 2019: $1,602,611Liabilities 2019: $1Net Assets 2019: $1,602,6112019Assets 2020: $1,769,328Liabilities 2020: $1Net Assets 2020: $1,769,3282020Assets 2021: $1,743,476Liabilities 2021: $1Net Assets 2021: $1,743,4762021Assets 2022: $1,654,816Liabilities 2022: $1Net Assets 2022: $1,654,8162022Assets 2023: $1,617,266Liabilities 2023: $1Net Assets 2023: $1,617,2662023Assets 2024: $1,573,932Liabilities 2024: $0Net Assets 2024: $1,573,9322024

Highlighted filing

2018

Assets$1,680,512
Liabilities$1
Net Assets$1,680,512
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $605,663Expenses 2018: $13,736Net Income 2018: $591,9272018Revenue 2019: $21,867Expenses 2019: $93,561Net Income 2019: -$71,6942019Revenue 2020: $68,103Expenses 2020: $127,585Net Income 2020: -$59,4822020Revenue 2021: $85,383Expenses 2021: $111,235Net Income 2021: -$25,8522021Revenue 2022: $51,794Expenses 2022: $140,454Net Income 2022: -$88,6602022Revenue 2023: $98,030Expenses 2023: $135,580Net Income 2023: -$37,5502023Revenue 2024: $97,186Expenses 2024: $140,520Net Income 2024: -$43,3342024

Highlighted filing

2018

Revenue$605,663
Expenses$13,736
Net Income$591,927
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2020
Return Version
2018v3.2
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL FARANOTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Farano Scholarship Tr
EIN
82-6875780
Phone
5185273842
Address
4101 STONEGATE DRIVE, RENSSELAER, NY 12309

Signing Officer

Name
Michael Farano
Title
Trustee
Phone
5185273842
Signed
2020-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Teal Becker & Chiaramonte Cpas Pc
Address
7 WASHINGTON SQUARE, ALBANY, NY 12205
Preparer
George N Cefferillo Jr CPA
Phone
5184566663
Raw XML Appendix294 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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OtherIncreasesSchedule/OtherIncreasesDetail/Amt01088585
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0TRANSFER FROM CONCETTA FARANO LIVING TRUST
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt013540
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT ADVISORY FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt013540
SubstantialContributorsSch/SubstantialContributorDetail/BusinessName/BusinessNameLine1Txt0CONCETTA FARANO LIVING TRUST
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt04101 STONEGATE DRIVE
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0RENSSELAER
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd012144
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt00
TaxesSchedule/TaxesDetail/Amt0196
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN TAXES WITHHELD
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt0196
ReturnHeader/BuildTS02021-09-10 13:11:23Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL FARANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum05185273842
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARANO SCHOLARSHIP TR
ReturnHeader/Filer/BusinessNameControlTxt0FARA
ReturnHeader/Filer/EIN0826875780
ReturnHeader/Filer/PhoneNum05185273842
ReturnHeader/Filer/USAddress/AddressLine1Txt04101 STONEGATE DRIVE
ReturnHeader/Filer/USAddress/CityNm0RENSSELAER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012309
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId052632B0303ACCE4BC580E41E741B3340903AF010
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId037C07D625CE0189974EC16AE84994F84B4ABAC7B
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId0144076201913403eee00
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.109.51.147
ReturnHeader/FilingSecurityInformation/IPDt02020-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:56:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141624930
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TEAL BECKER & CHIARAMONTE CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 WASHINGTON SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184566663
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE N CEFFERILLO JR CPA
ReturnHeader/ReturnTs02020-11-12T09:18:18-06:00
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
$1,680,512
Liabilities
$1
Net assets
$1,680,512
Revenue
$605,663
Expenses
$13,736
Net income
$591,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.10$0.14$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.10$0.14$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.05$0.14$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.09$0.11$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.07$0.13$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.02$0.09$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.61$0.01$0.59