Civic Intelligence

Torrey Project

990 • Fiscal year 2019 • EIN 83-3302854

Jan 10, 2019 to Dec 31, 2019 • Filed on May 01, 2020

Organization ProfileTORREYPROJECT.ORG
13870 Bruyere CourtSan Diego, CA 92129

(858) 699-5338

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

50th percentile

3.5%

Higher net margin than 50% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$22,154

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

$10,397

No earlier filing loaded for comparison.

Net Assets

$10,397

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin50th percentile

Revenue

$297,383

No earlier filing loaded for comparison.

Expenses

$286,986

No earlier filing loaded for comparison.

Net Income

$10,397

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.

$400K$200K$0-$200K-$400KAssets 2019: $10,397Liabilities 2019: $0Net Assets 2019: $10,3972019Assets 2020: $96,938Liabilities 2020: $181,949Net Assets 2020: -$85,0112020Assets 2021: $14,842Liabilities 2021: $186,203Net Assets 2021: -$171,3612021Assets 2023: $103,222Liabilities 2023: $314,631Net Assets 2023: -$211,4092023Assets 2024: $0Liabilities 2024: $190,900Net Assets 2024: -$190,9002024

Highlighted filing

2019

Assets$10,397
Liabilities$0
Net Assets$10,397
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2019: $297,383Expenses 2019: $286,986Net Income 2019: $10,3972019Revenue 2020: $83,567Expenses 2020: $178,975Net Income 2020: -$95,4082020Revenue 2021: $140,305Expenses 2021: $226,655Net Income 2021: -$86,3502021Revenue 2023: $57,540Expenses 2023: $31,843Net Income 2023: $25,6972023Revenue 2024: $31,915Expenses 2024: $11,406Net Income 2024: $20,5092024

Highlighted filing

2019

Revenue$297,383
Expenses$286,986
Net Income$10,397
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 10, 2019 to Dec 31, 2019
Signed
May 1, 2020
Return Version
2019v5.1
Gross Receipts
$297,383
Mission and Program Overview

Mission

The organization seeks to foster, develop, and advance the concept of conscious capitalism through educational and training activities and also to promote global acts of good deeds through promotion and support of charitable organizations and projects which embrace the seventeen (17) sustainable development goals adopted by all united nations member states in 2015. To accelerate the global adoption of a more conscious form of stakeholder-focused capitalism.

To accelerate the global adoption of a more conscious form of stakeholder-focused capitalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$10,397▲ $10,397
Intangible Assets-$6,417-
Land, Buildings, and Equipment, Net$0$2,283▲ $2,283
Cash and Non-Interest-Bearing Accounts$0$1,697▲ $1,697
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$10,397▲ $10,397
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$10,397▲ $10,397
Total Liabilities and Net Assets / Fund Balance$0$10,397▲ $10,397

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,283$351$2,634
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Paula FerranSecretaryFT$22,154$22,154

Board Members and Trustees

NameTitle
Yumiko DamashekBoard Chair
Anthony LewisBoard Member
Austin GontangBoard Member
Corey MohnBoard Member
David FerranCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$297,383
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$297,383
Change in Net Assets
$10,397
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$150,833
Other Expenses$136,153
Total Fundraising Expense$78,686
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,461$20,460$54,771$95,692
Advertising-$30,111-$30,111
Fees for Services Other$9,558$15,691-$25,249
Other Employee Benefits$8,013$8,013$6,945$22,971
Current Officers, Directors, Trustees, and Key Employees$11,077$11,077-$22,154
Travel$4,073$9,068$6,081$19,222
Fees for Services Accounting-$13,049-$13,049
Payroll Taxes$2,788$2,787$4,441$10,016
Occupancy$310$7,576-$7,886
Conferences and Meetings-$1,924$4,958$6,882
Fees for Services Legal-$5,440-$5,440
Office Expenses$1,177$1,270$944$3,391
Other Expenses$5,752$3,039$546$3,039
Depreciation Depletion$2,184--$2,184
All Other Expenses-$1,963-$1,963
Total Functional Expenses$65,393$142,907$78,686$286,986
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“David ferran and paula ferran are husband and wife.”

Form 990, Part VI, Section A, Line 8B

“NOT APPLICABLE”

Form 990, Part VI, Section B, Line 11B

“The organization will provide a complete copy of form 990 to the governing body for review. Upon completion of its review, the governing body will have a written consent authorizing the signer of the return to take the necessary action to file the return.”

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

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a)whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. B)whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

Form 990, Part VI, Section B, Line 15

“All decisions as to compensation will be made by non-interested and non-qualified members of the board of directors. Any amount of compensation which is approved would be reasonable for the services provided, as determined by comparing compensation paid by similar public charities, located in similar areas, which are engaged in similar activities.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Torrey Project
EIN
83-3302854
Phone
8586995338
Address
13870 BRUYERE COURT, SAN DIEGO, CA 92129

Signing Officer

Name
David Ferran
Title
President
Phone
8586995338
Signed
2020-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Ferran
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
2

Preparer

Firm
Lindsay & Brownell Llp
Address
4225 EXECUTIVE SQUARE SUITE 1150, LA JOLLA, CA 92037
Preparer
Mary H Mcgroarty
Phone
8585589200
Raw XML Appendix357 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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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID FERRAN AND PAULA FERRAN ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION WILL PROVIDE A COMPLETE COPY OF FORM 990 TO THE GOVERNING BODY FOR REVIEW. UPON COMPLETION OF ITS REVIEW, THE GOVERNING BODY WILL HAVE A WRITTEN CONSENT AUTHORIZING THE SIGNER OF THE RETURN TO TAKE THE NECESSARY ACTION TO FILE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A)WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. B)WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DECISIONS AS TO COMPENSATION WILL BE MADE BY NON-INTERESTED AND NON-QUALIFIED MEMBERS OF THE BOARD OF DIRECTORS. ANY AMOUNT OF COMPENSATION WHICH IS APPROVED WOULD BE REASONABLE FOR THE SERVICES PROVIDED, AS DETERMINED BY COMPARING COMPENSATION PAID BY SIMILAR PUBLIC CHARITIES, LOCATED IN SIMILAR AREAS, WHICH ARE ENGAGED IN SIMILAR ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt010397
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0297383
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt078686
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0142907
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065393
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt065393
IRS990/TotalReportableCompFromOrgAmt022154
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0297383
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010397
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt06081
IRS990/TravelGrp/ManagementAndGeneralAmt09068
IRS990/TravelGrp/ProgramServicesAmt04073
IRS990/TravelGrp/TotalAmt019222
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0CA
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0TORREYPROJECT.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID FERRAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08586995338
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TORREY PROJECT
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.174.140.130
ReturnHeader/FilingSecurityInformation/IPDt02020-05-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:43:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330885895
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LINDSAY & BROWNELL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04225 EXECUTIVE SQUARE SUITE 1150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LA JOLLA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerPersonGrp/PhoneNum08585589200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY H MCGROARTY
ReturnHeader/ReturnTs02020-05-06T17:40:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-10
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,397
Liabilities
$0
Net assets
$10,397
Revenue
$297,383
Expenses
$286,986
Net income
$10,397
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$1.91$1.91$0.32$0.11$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.03$3.15$2.11$0.58$0.32$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.15$1.86$1.71$1.40$2.27$0.86
2020Detailed filing. Detailed filing data is available for this year.$0.97$1.82$0.85$0.84$1.79$0.95
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$2.97$2.87$0.10