Civic Intelligence

Thinkwatts Foundation

990 • Fiscal year 2022 • EIN 83-2224841

Jan 01, 2022 to Dec 31, 2022 • Filed on May 03, 2024

Organization ProfileWWW.THINKWATTSFOUNDATION.ORG
1225 E 100th StLos Angeles, CA 90002-2824

(310) 756-9619

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$81,910

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

96th percentile

176%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

203%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$451,686

Up $287,916 (+176%) from 2021

Net Assets

Up

$451,686

Up $287,916 (+176%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin80th percentile

Revenue

Up

$930,043

Up $622,882 (+203%) from 2021

Expenses

Up

$642,127

Up $445,172 (+226%) from 2021

Net Income

Up

$287,916

Up $177,710 (+161%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.0M$500K$0Assets 2019: $3,357Liabilities 2019: $0Net Assets 2019: $3,3572019Assets 2020: $53,564Liabilities 2020: $0Net Assets 2020: $53,5642020Assets 2021: $163,770Liabilities 2021: $0Net Assets 2021: $163,7702021Assets 2022: $451,686Liabilities 2022: $0Net Assets 2022: $451,6862022Assets 2023: $320,946Liabilities 2023: $0Net Assets 2023: $320,9462023Assets 2024: $851,620Liabilities 2024: $9,723Net Assets 2024: $841,8972024

Highlighted filing

2022

Assets$451,686
Liabilities$0
Net Assets$451,686
Open 2022 Filing

Operations Trend

Revenue Growth94th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $13,851Expenses 2019: $10,494Net Income 2019: $3,3572019Revenue 2020: $103,591Expenses 2020: $53,384Net Income 2020: $50,2072020Revenue 2021: $307,161Expenses 2021: $196,955Net Income 2021: $110,2062021Revenue 2022: $930,043Expenses 2022: $642,127Net Income 2022: $287,9162022Revenue 2023: $871,160Expenses 2023: $1,001,900Net Income 2023: -$130,7402023Revenue 2024: $1,507,090Expenses 2024: $1,165,592Net Income 2024: $341,4982024

Highlighted filing

2022

Revenue$930,043
Expenses$642,127
Net Income$287,916
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$930,043
Mission and Program Overview

Mission

The primary focus on community grassroots activations along with developing financial literacy programs, program development, local refurbishments, tools, equipment, and supplies for students, custom container housing solutions, and charitable fundraising through entertainment industry efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$163,770$451,686▲ $287,916
Cash and Non-Interest-Bearing Accounts$163,770$436,970▲ $273,200
Prepaid Expenses and Deferred Charges-$14,716-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$163,770$451,686▲ $287,916
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$163,770$451,686▲ $287,916
Total Liabilities and Net Assets / Fund Balance$163,770$451,686▲ $287,916
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brandon Salaam-baileyCEO and Corporate SecretarFT$81,910$81,910
Felicia UsherChief Financial OfficerFT$15,000$15,000
Revenue and Support

Revenue Composition

Contributions and Grants
$930,043
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$930,043
Change in Net Assets
$287,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,539
Salaries, Compensation, and Employee Benefits$174,588
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$96,910-$96,910
Other Salaries and Wages-$75,249-$75,249
Travel-$64,242-$64,242
Office Expenses-$34,044-$34,044
Advertising-$18,387-$18,387
All Other Expenses$5,475$5,725-$11,200
Other Expenses$11,129$21,988-$11,129
Fees for Services Accounting-$6,000-$6,000
Insurance-$5,512-$5,512
Payroll Taxes-$2,429-$2,429
Total Functional Expenses$311,641$330,486$0$642,127
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 form 990 is made available to board of directors for review and approval prior to submission to the irs.”

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

“The organization required all board members to submit and approved conflict of interest statement in compliance with the approved policy.”

Form 990, Part VI, Section C, Line 18

“The organization makes document available upon request.”

Form 990, Part VI, Section C, Line 19

“The organization requires members to submit approved conflict of interest statement in compliance with the approved policy.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Brandon salaam-bailey - 1225 e. 100th street, los angeles, ca 90002. Felicia usher - 1225 e. 100th street, los angeles, ca 90002.”

Filing and Contact Details

Filer

Filer Name
Thinkwatts Foundation
EIN
83-2224841
Phone
3107569619
Address
1225 E 100TH ST, LOS ANGELES, CA 90002-2824

Signing Officer

Name
Brandon Salaam-bailey
Title
President
Phone
3107569619
Signed
2024-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Salaam-bailey
Formed
2018
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Topline Business Management LLC
Address
15760 VENTURA BLVD SUITE 820, ENCINO, CA 91436
Preparer
Joe Mcgill CPA
Phone
8189621070
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 FORM 990 IS MADE AVAILABLE TO BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRED ALL BOARD MEMBERS TO SUBMIT AND APPROVED CONFLICT OF INTEREST STATEMENT IN COMPLIANCE WITH THE APPROVED POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES DOCUMENT AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REQUIRES MEMBERS TO SUBMIT APPROVED CONFLICT OF INTEREST STATEMENT IN COMPLIANCE WITH THE APPROVED POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BRANDON SALAAM-BAILEY - 1225 E. 100TH STREET, LOS ANGELES, CA 90002. FELICIA USHER - 1225 E. 100TH STREET, LOS ANGELES, CA 90002.
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
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ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDON SALAAM-BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03107569619
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THINKWATTS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0THIN
ReturnHeader/Filer/EIN0832224841
ReturnHeader/Filer/PhoneNum03107569619
ReturnHeader/Filer/USAddress/AddressLine1Txt01225 E 100TH ST
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd0900022824
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0820927811
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOPLINE BUSINESS MANAGEMENT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015760 VENTURA BLVD SUITE 820
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ENCINO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091436
ReturnHeader/PreparerPersonGrp/PhoneNum08189621070
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE MCGILL CPA
ReturnHeader/ReturnTs02024-05-03T01:21:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRANDON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SALAAM-BAILEY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$451,686
Liabilities
$0
Net assets
$451,686
Revenue
$930,043
Expenses
$642,127
Net income
$287,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$1.51$1.17$0.34
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.00$0.32$0.87$1.00$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.93$0.64$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.31$0.20$0.11
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.10$0.05$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00