Civic Intelligence

The Devito Watson Foundation

990PF • Fiscal year 2021 • EIN 83-2554356

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 22, 2022

Organization Profile
445 Park Avenue Floor 9New York, NY 10022-8606

(347) 768-5952

Siviq Scores

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

Liabilities / Assets

60th percentile

0.03x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.03x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

100th percentile

9153%

Faster asset growth than 100% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

7730%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$669,461

Up $662,226 (+9153%) from 2020

Net Assets

Up

$651,461

Up $644,226 (+8904%) from 2020

Liabilities

Up

$18,000

Up $18,000 from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin98th percentile

Revenue

Up

$683,163

Up $674,438 (+7730%) from 2020

Expenses

Up

$38,937

Up $32,577 (+512%) from 2020

Net Income

Up

$644,226

Up $641,861 (+27140%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$800K$600K$400K$200K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $4,870Liabilities 2019: $02019Assets 2020: $7,235Liabilities 2020: $0Net Assets 2020: $7,2352020Assets 2021: $669,461Liabilities 2021: $18,000Net Assets 2021: $651,4612021Assets 2022: $667,735Liabilities 2022: $48,569Net Assets 2022: $619,1662022Assets 2023: $680,838Liabilities 2023: $100,914Net Assets 2023: $579,9242023Assets 2024: $158,588Liabilities 2024: $0Net Assets 2024: $158,5882024

Highlighted filing

2021

Assets$669,461
Liabilities$18,000
Net Assets$651,461
Open 2021 Filing

Operations Trend

Revenue Growth100th percentile

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

$1.0M$500K$0-$500KRevenue 2018: $1Expenses 2018: $0Net Income 2018: $12018Revenue 2019: $5,143Expenses 2019: $273Net Income 2019: $4,8702019Revenue 2020: $8,725Expenses 2020: $6,360Net Income 2020: $2,3652020Revenue 2021: $683,163Expenses 2021: $38,937Net Income 2021: $644,2262021Revenue 2022: $3,000Expenses 2022: $35,295Net Income 2022: -$32,2952022Revenue 2023: $1Expenses 2023: $39,243Net Income 2023: -$39,2422023Revenue 2024: -$394,595Expenses 2024: $26,741Net Income 2024: -$421,3362024

Highlighted filing

2021

Revenue$683,163
Expenses$38,937
Net Income$644,226
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 22, 2022
Return Version
2021v4.0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANTONIA E PALMIERIPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Devito Watson Foundation
EIN
83-2554356
Phone
3477685952
Address
445 PARK AVENUE FLOOR 9, NEW YORK, NY 10022-8606

Signing Officer

Name
Antonia E Palmieri
Title
President
Phone
3477685952
Signed
2022-08-22
Discuss with paid preparer
Yes

Preparer

Firm
Varrone and Associates LLC
Address
150 RIVER RD BLDG I SUITE 2, MONTVILLE, NJ 07045
Preparer
Francis a Varrone Sr CPA
Phone
9733358881
Raw XML Appendix308 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/SummaryOfDirectChrtblActyGrp/Description1Txt0CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES OUR CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES OFFERS ONGOING EVENTS, SUPPORT, CAMPS, AND WORKSHOPS FOR CHILDREN OF MIXED ABILITIES. ONCE 12 SAINT JOSEN ROAD IS HABITABLE, WE WILL RUN THE PROGRAM AT THE PROPERTY; PRESENTLY, THOUGH, THE INTERIOR IS NOT SAFE FOR INTERIOR USE SO WE ONLY HAVE ACCESSIBILITY FOR PROGRAM CLASSES ON THE LAWN. FOR THE MOST PART, OUR CHILDRENS ENRICHMENT PROGRAM FOR YOUTH OF ALL ABILITIES CLASSES AND EVENTS ARE PRESENTLY HELD OFF-SITE AT VARIOUS SCHOOLS AND STUDIOS, AND CONVENIENTLY LIVE-STREAMED VIA ZOOM. WE RUN A FREE SAT PREPARATION COURSE FOR HIGH SCHOOL STUDENTS AS PART OF THIS PROGRAM, WHICH RUNS THROUGHOUT THE FALL. CURRENTLY, LA SALLE ACADEMY AND NOTRE DAME ACADEMY IN LOWER MANHATTAN HAVE OVER FIFTY (50) OF THEIR STUDENTS BENEFITING FROM THE COURSE; OUR PLAN IS FOR THE COURSE TO CULMINATE WITH A CELEBRATION FOR THE STUDENTS ON THE LAWN OF 12 SAINT JOSEN ROAD. WE ALSO RUN A SUMMER CAMP W
IRS990PF/SummaryOfDirectChrtblActyGrp/Description2Txt0OLDEN YEARS PROGRAM OUR GOLDEN YEARS PROGRAM IS DEDICATED TO ASSISTING THE ELDERLY WITH MOBILITY, WELLNESS, NOURISHMENT, SOCIALIZATION, AND PERSONAL CARE. THE PROGRAM WILL INCLUDE GROUP GATHERINGS AND CLASSES AT 12 SAINT JOSEN ROAD (THE DEVITO WATSON FOUNDATION CENTER) ONCE IT HAS BEEN RENOVATED. CLASSES SO FAR HAVE BEEN HELD EXCLUSIVELY OFF- SITE. WHILE OFF-SITE CLASSES WILL CONTINUE TO BE HELD, SO AS TO ENABLE SENIORS WHO MAY BE HOMEBOUND OR CONFINED TO A NURSING HOME OR SENIOR LIVING FACILITY TO PARTICIPATE, WE LOOK FORWARD TO HOLDING CLASSES AT THE DEVITO WATSON FOUNDATION CENTER. WE OFFER FUNCTIONAL MOBILITY CLASSES, MEET-AND-GREET EVENTS FOR SENIORS, NUTRITIONAL SUPPORT, WEEKLY CHECK-INS, ASSISTANCE WITH MEDICAL APPOINTMENT BOOKINGS, SENIOR EXERCISE CLASSES, AND SPIRITUAL COUNSELING. THE PROGRAM ALSO OFFERS SERVICES SUCH AS MEAL DELIVERY, NUTRITIONAL SUPPLEMENTATION DELIVERY, NURSE CONSULTATIONS BY PHONE, A 24-7 EMERGENCY LINE AND AIDE VISITATION. A UNIQUE ASPECT OF THE PROGRAM I
IRS990PF/SummaryOfDirectChrtblActyGrp/Description3Txt0VETERANS SUPPORT PROGRAM OUR VETERANS SUPPORT PROGRAM FOCUSES ON ASSISTING MEN AND WOMEN WHO HAVE RETURNED FROM SERVICE TO OBTAIN OCCUPATIONS AND HOUSING. OUR GOAL IS TO HELP VETERANS WITH THEIR TRANSITION INTO LIFE AFTER SERVICES, BY OFFERING A HANDS ON AND DIRECT APPROACH. TASKS SUCH AS RESUNE BUILDING, SUBMISSION OF JOB APPLICATIONSS, INTERVIEW TRAINING, EMPLOYER INTRODUCTIONS, CAREER FAIRS, AND HOUSING ACQUISITION ARE AT THE FOREFRONT OF THIS PROGRAM. WE PROVIDE SEMINARS, WORKSHOPS AND INDIVIDUALS MEETINGS WITH LOCAL VETERANS. UNIFORMS, SUITS AND OTHER WORKPLACE ESSENTIALS ARE PROVIDED TO VETERANS AS NEEDED ONCE WE HAVE SUCCESSFULLY HELPED THEM TO OBTAIN EMPLOYMENT. THE PROGRAM IS OFFERED TO ALL PARTICIPANTS FREE OF CHARGE. IN ADDITION, WE HONOR VETERANS AS PART OF THE PROGRAM, OFFERING EVENTS WHICH USUALLY INCLUDE FOOD AND GIVEWAYS FOR VETERANS ON VETERANS DAY AND DURING THE HOLIDAYS. WE PAY TRIBUTE TO THE NOBLE WORK THAT OUR VETERANS HAVE PERFORMED AND ARE CONTINUING TO PERFORM F
IRS990PF/SummaryOfDirectChrtblActyGrp/Description4Txt0SCHOLARSHIP-MENTORING PROGRAM WE OFFER ANNUAL SCHOLARSHIPS AS PART OF OUR SCHOLARSHIP- MENTORING PROGRAM. WE PROVIDE SCHOLARSHIPS IN THE FOLLOWING FOUR CATEGORIES: (1) ACADEMIC PERFORMANCE (2) ARTISTIC PERFORMANCE (3) COMMUNITY SERVICE (4) SPECIAL NEEDS AS PART OF THE PROGRAM, OUR SCHOLARSHIP RECEIPENTS RECEIVE ONGOING MENTORING, TUTORING, AND QUARTERLY PERFORMANCE CHECK-INS. OUR GOAL IS TO HELP KEEP OUR SCHOLARSHIP RECEIPIENTS SUPPORTED WITH THE ONGOING RESOURCES THAT THEY NEED TO EXCEL. WE ARE THE ACTIVE PARTNER WITH THE STUDENTS WE SERVE, PROVIDING THEM WITH IMPORTANT ONGOING RESOURCES THAT THEY NEED IN ORDER TO MAIMIZE THEIR POTENTIAL. WE ACT AS MORE THAN A MERE FINANCIAL BACKER, AND RATHER WE INVEST OUR TIME IN THE STUDENTS THAT WE ARE SERVING, TO HELP ENSURE A BRIGHTER FUTURE FOR THEM.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1NEW YORK
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd010038
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd110038
IRS990ScheduleB/ContributorInformationGrp/NoncashContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt08014
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt1667500
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/NonCashPropertyContributionGrp/ContributorNum02
IRS990ScheduleB/NonCashPropertyContributionGrp/FairMarketValueAmt0667500
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0REAL ESTATE
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02021-06-10
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LandEtcSchedule2/LandEtcGrp/BookValueAmt0667500
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0BUILDING
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt0667500
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt0667500
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0LEGAL
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt08281
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt08281
LoansFromOfficersSchedule/LoansFromOfficerGrp/BalanceDueAmt018000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm0ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm1ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm2ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm3ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm4ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm5ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LenderPersonNm6ANTONIA PALMIERI
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt02000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt13000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt23000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt35000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt42000
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt5500
LoansFromOfficersSchedule/LoansFromOfficerGrp/LoanOriginalAmt62500
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt02021-06
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt12021-09
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt22021-09
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt32021-10
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt42021-12
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt52021-12
LoansFromOfficersSchedule/LoansFromOfficerGrp/NoteDt62021-10
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt0DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt1DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt2DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt3DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt4DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt5DIRECTOR
LoansFromOfficersSchedule/LoansFromOfficerGrp/TitleTxt6DIRECTOR
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt02270
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1TECHNOLOGY/WEBSITE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2CONTRACTORS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4UTILITIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5PROGRAM SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6PROGRAM FOOD
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc7SURVEYOR
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc8INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0194
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt15270
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt226
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt31269
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt4579
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt5225
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt6280
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0194
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt15270
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt226
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt31269
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt4579
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt5225
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt62550
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt77104
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0JOSEPH DEVITO
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt0140 NASSUA STREET
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine2Txt03C
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0NEW YORK
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd010038
TaxesSchedule/TaxesDetail/Amt08014
TaxesSchedule/TaxesDetail/CategoryTxt0REAL ESTATE TAXES
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTONIA E PALMIERI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03477685952
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DEVITO WATSON FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ANTONIA PALMIERI
ReturnHeader/Filer/BusinessNameControlTxt0DEVI
ReturnHeader/Filer/EIN0832554356
ReturnHeader/Filer/PhoneNum03477685952
ReturnHeader/Filer/USAddress/AddressLine1Txt0445 PARK AVENUE FLOOR 9
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100228606
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223309900
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VARRONE AND ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0150 RIVER RD BLDG I SUITE 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007045
ReturnHeader/PreparerPersonGrp/PhoneNum09733358881
ReturnHeader/PreparerPersonGrp/PreparationDt02022-08-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCIS A VARRONE SR CPA
ReturnHeader/ReturnTs02022-08-22T14:43:52-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANTONIA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALMIERI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$669,461
Liabilities
$18,000
Net assets
$651,461
Revenue
$683,163
Expenses
$38,937
Net income
$644,226
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$3.95$0.27$4.21
2023Detailed filing. Detailed filing data is available for this year.$6.81$1.01$5.80$0.00$0.39$0.39
2022Detailed filing. Detailed filing data is available for this year.$6.68$0.49$6.19$0.03$0.35$0.32
2021Detailed filing. Detailed filing data is available for this year.$6.69$0.18$6.51$6.83$0.39$6.44
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.09$0.06$0.02
2019Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.00$0.05
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00