Civic Intelligence

Drake Foundation Inc.

990PF • Fiscal year 2021 • EIN 83-2887044

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 24, 2022

Organization Profile
1101 Brickell Ave S Tower 8 FLMiami, FL 33131

(786) 292-2779

Siviq Scores

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

Liabilities / Assets

70th percentile

0.14x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

600%

Faster asset growth than 99% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

300%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$7

Up $6 (+600%) from 2020

Net Assets

Up

$7

Up $7 from 2020

Liabilities

Down

$0

Down $1 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin99th percentile

Revenue

Up

$4,000,007

Up $3,000,007 (+300%) from 2020

Expenses

Up

$4,000,000

Up $3,000,000 (+300%) from 2020

Net Income

Up

$7

Up $7 from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$8$6$4$2$0Assets 2018: $0Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019Assets 2020: $1Liabilities 2020: $1Net Assets 2020: $02020Assets 2021: $7Liabilities 2021: $0Net Assets 2021: $72021Assets 2022: $7Liabilities 2022: $1Net Assets 2022: $72022Assets 2023: $7Liabilities 2023: $1Net Assets 2023: $72023Assets 2024: $7Liabilities 2024: $0Net Assets 2024: $72024

Highlighted filing

2021

Assets$7
Liabilities$0
Net Assets$7
Open 2021 Filing

Operations Trend

Revenue Growth94th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $1,000,000Expenses 2020: $1,000,000Net Income 2020: $02020Revenue 2021: $4,000,007Expenses 2021: $4,000,000Net Income 2021: $72021Revenue 2022: $1Expenses 2022: $1Net Income 2022: $02022Revenue 2023: $1Expenses 2023: $0Net Income 2023: $12023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2021

Revenue$4,000,007
Expenses$4,000,000
Net Income$7
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 24, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SARA SCHROTERPresident-$0--
EDMUNDO GONZALEZTreasurer-$0--
MAIRI REDMONDSecretary-$0--
Filing and Contact Details

Filer

Filer Name
The Drake Foundation Inc
EIN
83-2887044
In Care Of
% THE ORGANIZATION
Phone
7862922779
Address
1101 BRICKELL AVE S TOWER 8 FL, MIAMI, FL 33131

Signing Officer

Name
Edmundo Gonzalez
Title
Treasurer
Phone
7862922779
Signed
2022-08-24
Discuss with paid preparer
Yes

Preparer

Firm
Bdo USA Llp
Address
101 S HANLEY RD STE 800, ST LOUIS, MO 63105
Preparer
Mary Jane Pieroni
Phone
3148891100
Raw XML Appendix234 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/Description1Txt0FINANCE CHARITABLE AND PHILANTHROPIC INITIATIVES THROUGH SOCIAL DEVELOPMENT, POVERTY ALLEVIATION, THE PROMOTION OF CULTURAL, SPORTING & COMMUNITY DEVELOPMENT AND OTHER AREAS.
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ReturnHeader/Filer/BusinessNameControlTxt0DRAK
ReturnHeader/Filer/EIN0832887044
ReturnHeader/Filer/InCareOfNm0% THE ORGANIZATION
ReturnHeader/Filer/PhoneNum07862922779
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ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ST LOUIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd063105
ReturnHeader/PreparerPersonGrp/PhoneNum03148891100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary Jane Pieroni
ReturnHeader/ReturnTs02022-08-26T14:58:45-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EDMUNDO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GONZALEZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7
Liabilities
$0
Net assets
$7
Revenue
$4,000,007
Expenses
$4,000,000
Net income
$7
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.00$4.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.00$1.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00