Civic Intelligence

Steven M Sorenson Foundation

990EZ • Fiscal year 2022 • EIN 83-2217488

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileN/A
1968 S Coast Hwy 5054Laguna Beach, CA 92651

(949) 506-4239

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

17th percentile

-24%

Higher net margin than 17% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

23rd percentile

-19%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-79%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$24,897

Down $5,760 (-19%) from 2021

Net Assets

Down

$24,634

Down $6,023 (-20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin17th percentile

Revenue

Down

$25,437

Down $95,939 (-79%) from 2021

Expenses

Down

$31,460

Down $60,217 (-66%) from 2021

Net Income

Down

-$6,023

Down $35,722 (-120%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$40K$30K$20K$10K$0Assets 2018: $22,500Liabilities 2018: $0Net Assets 2018: $22,5002018Assets 2020: $958Liabilities 2020: $0Net Assets 2020: $9582020Assets 2021: $30,657Liabilities 2021: $0Net Assets 2021: $30,6572021Assets 2022: $24,897Liabilities 2022: $0Net Assets 2022: $24,6342022Assets 2023: $3,241Liabilities 2023: $0Net Assets 2023: $3,2412023Assets 2024: $2,318Net Assets 2024: $2,3182024

Highlighted filing

2022

Assets$24,897
Liabilities$0
Net Assets$24,634
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2018: $22,500Expenses 2018: $0Net Income 2018: $22,5002018Revenue 2020: $78,499Expenses 2020: $88,057Net Income 2020: -$9,5582020Revenue 2021: $121,376Expenses 2021: $91,677Net Income 2021: $29,6992021Revenue 2022: $25,437Expenses 2022: $31,460Net Income 2022: -$6,0232022Revenue 2023: $145,771Expenses 2023: $167,427Net Income 2023: -$21,6562023Revenue 2024: $30,265Expenses 2024: $31,188Net Income 2024: -$9232024

Highlighted filing

2022

Revenue$25,437
Expenses$31,460
Net Income-$6,023
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$55,475
Mission and Program Overview

Mission

To provide support for young members of the lgbt community.

Program Services

DescriptionGrantsExpenses
LGBT YOUTH SUPPORT--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN M SORENSONPresident-$0--
ELEANOR SORENSONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Ibex Foundation
EIN
83-2217488
Phone
9495064239
Address
1968 S COAST HWY 5054, LAGUNA BEACH, CA 92651

Signing Officer

Name
Steven M Sorenson
Title
President
Signed
2023-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Steven R Jeppson CPA
Address
3680 Grant Drive Suite G, Reno, NV 89509
Preparer
Steven R Jeppson
Phone
7756267948
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.8

“| Donee's Name: THE CENTER ORANGE COUNTY | Donee's Address: 1605 N SPURGEON ST SANTA ANNA CA 92701 | Cash Amount Given: $25000 | Date of Gift: 20220607”

Other Expenses.1012

“Insurance $1210”

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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0STEVEN M SORENSON
IRS990EZ/BooksInCareOfDetail/PhoneNum09495064239
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01968 S COAST HWY 5054
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAGUNA NIGUEL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd092651
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt030657
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt024897
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt028179
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt030038
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6023
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01750
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt030657
IRS990EZ/Form990TotalAssetsGrp/EOYAmt024897
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt0-2742
IRS990EZ/GrantsAndSimilarAmountsPaidAmt028500
IRS990EZ/GrossReceiptsAmt055475
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt030657
IRS990EZ/NetAssetsOrFundBalancesEOYAmt024634
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt030657
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt024897
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVEN M SORENSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ELEANOR SORENSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01210
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SUPPORT FOR YOUNG MEMBERS OF THE LGBT COMMUNITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LGBT YOUTH SUPPORT
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SaleOfAssetsGrossAmt027296
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt031460
IRS990EZ/TotalRevenueAmt025437
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt028179
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0107741
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt071172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0153471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt022500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0383063
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0383063
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt028179
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0107741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt071172
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0153471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt022500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0383063
IRS990ScheduleA/TotalSupportAmt0383063
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: THE CENTER ORANGE COUNTY | Donee's Address: 1605 N SPURGEON ST SANTA ANNA CA 92701 | Cash Amount Given: $25000 | Date of Gift: 20220607
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $1210
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN M SORENSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IBEX FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IBEX
ReturnHeader/Filer/EIN0832217488
ReturnHeader/Filer/PhoneNum09495064239
ReturnHeader/Filer/USAddress/AddressLine1Txt01968 S COAST HWY 5054
ReturnHeader/Filer/USAddress/CityNm0LAGUNA BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092651
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0461726087
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Steven R Jeppson CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03680 Grant Drive Suite G
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Reno
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089509
ReturnHeader/PreparerPersonGrp/PhoneNum07756267948
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN R JEPPSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-15T12:24:17-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVEN M
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SORENSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,897
Liabilities
$0
Net assets
$24,634
Revenue
$25,437
Expenses
$31,460
Net income
-$6,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.30$0.31$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$1.46$1.67$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.25$0.31$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.21$0.92$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.78$0.88$0.10
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.23$0.00$0.23