Civic Intelligence

Worthless Foundation Inc.

990 • Fiscal year 2019 • EIN 83-4240559

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.WORTHLESSSTUDIOS.ORG

View Organization Page

16 Desbrosses St No 1NNew York, NY 10013

(973) 605-1040

Siviq Scores

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

Liabilities / Assets

86th percentile

0.49x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • NTEE A25 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

0.17x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • NTEE A25 • <$500k nonprofits • Source year 2019

Net Margin

77th percentile

18%

Higher net margin than 77% of similar nonprofits.

2019 filings • NTEE A25 • <$500k nonprofits • Source year 2019

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

2019 filings • NTEE A25 • <$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 / Assets86th percentile

Assets

$57,905

No earlier filing loaded for comparison.

Net Assets

$29,618

No earlier filing loaded for comparison.

Liabilities

$28,287

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin77th percentile

Revenue

$165,435

No earlier filing loaded for comparison.

Expenses

$135,817

No earlier filing loaded for comparison.

Net Income

$29,618

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.

$15M$10M$5.0M$0Assets 2019: $57,905Liabilities 2019: $28,287Net Assets 2019: $29,6182019Assets 2020: $757,758Liabilities 2020: $14,855Net Assets 2020: $742,9032020Assets 2021: $10,452,954Liabilities 2021: $3,399,370Net Assets 2021: $7,053,5842021Assets 2022: $9,141,108Liabilities 2022: $3,275,684Net Assets 2022: $5,865,4242022Assets 2023: $9,011,506Liabilities 2023: $3,067,487Net Assets 2023: $5,944,0192023Assets 2024: $6,115,991Liabilities 2024: $18,832Net Assets 2024: $6,097,1592024

Highlighted filing

2019

Assets$57,905
Liabilities$28,287
Net Assets$29,618
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2019: $165,435Expenses 2019: $135,817Net Income 2019: $29,6182019Revenue 2020: $860,043Expenses 2020: $146,758Net Income 2020: $713,2852020Revenue 2021: $6,977,240Expenses 2021: $635,168Net Income 2021: $6,342,0722021Revenue 2022: $662,563Expenses 2022: $1,741,558Net Income 2022: -$1,078,9952022Revenue 2023: $733,409Expenses 2023: $2,110,083Net Income 2023: -$1,376,6742023Revenue 2024: $977,606Expenses 2024: $888,906Net Income 2024: $88,7002024

Highlighted filing

2019

Revenue$165,435
Expenses$135,817
Net Income$29,618
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$165,435
Mission and Program Overview

Mission

To promote the arts and social welfare by encouraging economic development in the sector of art and other creative endeavors, including sculpture, painting, and photography and performance, and to support new, aspiring, or emerging artists in various ways.

To promote the arts and provide support to new, aspiring, or emerging artists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$57,905-
Total Assets$0$57,905▲ $57,905
Liabilities
Accounts Payable and Accrued Expenses-$28,287-
Total Liabilities$0$28,287▲ $28,287
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$29,618-
Total Net Assets Fund Balance$0$29,618▲ $29,618
Total Liabilities and Net Assets / Fund Balance$0$57,905▲ $57,905
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Allen MurabayashiDirector
Ann HarakawaDirector
David HamamotoDirector
Jordan HuelskampDirector
Mike FormanDirector
Neil HamamotoFounder & Director
Revenue and Support

Revenue Composition

Contributions and Grants
$157,981
Program Service Revenue
$7,454
Investment Income
$0
Other Revenue
$0
All Other Contributions
$150,186
Change in Net Assets
$29,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$44,215$1,400-$45,615
Travel$28,718$1,010-$29,728
Fees for Services Legal$5,758$15,485-$21,243
Insurance$10,786--$10,786
Advertising$1,866$881-$2,747
Interest-$1,243-$1,243
Office Expenses$506$477-$983
Other Expenses$3,430$976-$976
Total Functional Expenses$114,345$21,472$0$135,817
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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 A, Line 2

“Neil hamamoto and david hamamoto have a family relationship.”

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

“President of taxpayer shared form 990 with its board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents available to the public upon written request, form 990 and form 1023 will be provided.”

Filing and Contact Details

Filer

Filer Name
Worthless Foundation Inc
EIN
83-4240559
Phone
9736051040
Address
16 DESBROSSES ST NO 1N, NEW YORK, NY 10013
Doing Business As
Worthless Studios

Signing Officer

Name
Neil Hamamoto
Title
Founder & Director
Phone
9736051040
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neil Hamamoto
Formed
2019
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
1

Preparer

Firm
Mccabe Heidrich & Wong Pc
Address
4 GATEHALL DRIVE, PARSIPPANY, NJ 07054-4518
Preparer
John D Martine
Phone
9736051040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Production expense: program service expenses 44,215. Management and general expenses 1,400. Fundraising expenses 0. Total expenses 45,615.”

Raw XML Appendix317 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt028287
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE THE ARTS AND PROVIDE SUPPORT TO NEW, ASPIRING, OR EMERGING ARTISTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0881
IRS990/AdvertisingGrp/ProgramServicesAmt01866
IRS990/AdvertisingGrp/TotalAmt02747
IRS990/AllOtherContributionsAmt0150186
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NEIL HAMAMOTO
IRS990/BooksInCareOfDetail/PhoneNum09736051040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt016 DESBROSSES ST APT 1N
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010013
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/EOYAmt057905
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt07795
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0157981
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0135817
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt07454
IRS990/CYRevenuesLessExpensesAmt029618
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0135817
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0165435
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0FREE FILM USA PROGRAM:DISTRIBUTED AND PROCESSED 35MM FILM FOR FREE TO PHOTOGRAPHERS AROUND THE COUNTRY. IT PROVIDED CREATIVE PROMPT, FREE TOOLS AND A PLATFORM FOR ALL PHOTOGRAPHERS' VOICES TO BE SEEN AND HEARD. IT AIMED TO RESTORE DEMOCRACY IN PHOTOGRAPHY AND PHOTOJOURNALISM AND ACTIVATE PEOPLE TO MORE TRULY SHOW WHAT OUR WORLD LOOKS LIKE. THE PROGRAM COVERED 112 DAYS AND STOPPED IN 18 CITIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0WORTHLESS STUDIOS
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0114345
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt015485
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05758
IRS990/FeesForServicesLegalGrp/TotalAmt021243
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01400
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt044215
IRS990/FeesForServicesOtherGrp/TotalAmt045615
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.25
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NEIL HAMAMOTO
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID HAMAMOTO
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE FORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3ALLEN MURABAYASHI
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN HARAKAWA
IRS990/Form990PartVIISectionAGrp/PersonNm5JORDAN HUELSKAMP
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0FOUNDER & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt07795
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0165435
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010786
IRS990/InsuranceGrp/TotalAmt010786
IRS990/InterestGrp/ManagementAndGeneralAmt01243
IRS990/InterestGrp/TotalAmt01243
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE THE ARTS AND SOCIAL WELFARE BY ENCOURAGING ECONOMIC DEVELOPMENT IN THE SECTOR OF ART AND OTHER CREATIVE ENDEAVORS, INCLUDING SCULPTURE, PAINTING, AND PHOTOGRAPHY AND PERFORMANCE, AND TO SUPPORT NEW, ASPIRING, OR EMERGING ARTISTS IN VARIOUS WAYS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt029618
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029618
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0477
IRS990/OfficeExpensesGrp/ProgramServicesAmt0506
IRS990/OfficeExpensesGrp/TotalAmt0983
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FREE FILM TOUR SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0976
IRS990/OtherExpensesGrp/ProgramServicesAmt019066
IRS990/OtherExpensesGrp/ProgramServicesAmt13430
IRS990/OtherExpensesGrp/TotalAmt019066
IRS990/OtherExpensesGrp/TotalAmt13430
IRS990/OtherExpensesGrp/TotalAmt2976
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0NEIL HAMAMOTO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0FREE FILM USA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07454
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt029618
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07454
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0157981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0157981
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07454
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0102234
IRS990ScheduleA/SubstantialContributorsTotAmt055747
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0157981
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0157981
IRS990ScheduleA/TotalSupportAmt0157981
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEIL HAMAMOTO AND DAVID HAMAMOTO HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRESIDENT OF TAXPAYER SHARED FORM 990 WITH ITS BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST, FORM 990 AND FORM 1023 WILL BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRODUCTION EXPENSE: PROGRAM SERVICE EXPENSES 44,215. MANAGEMENT AND GENERAL EXPENSES 1,400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,615.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt057905
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt057905
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0157981
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0114345
IRS990/TotalFunctionalExpensesGrp/TotalAmt0135817
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt028287
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt028287
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029618
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0114345
IRS990/TotalProgramServiceRevenueAmt07454
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07454
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165435
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt057905
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01010
IRS990/TravelGrp/ProgramServicesAmt028718
IRS990/TravelGrp/TotalAmt029728
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016 DESBROSSES STREET APT 1N
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010013
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.WORTHLESSSTUDIOS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0NEIL HAMAMOTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09736051040
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORTHLESS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WORT
ReturnHeader/Filer/EIN0834240559
ReturnHeader/Filer/PhoneNum09736051040
ReturnHeader/Filer/USAddress/AddressLine1Txt016 DESBROSSES ST NO 1N
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010013
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId085FCF48AE4C1A554A54DE02586011F4CCEC53754
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C5046481ECAC86831F5965FFA668AD6977C2FE4B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.35.55.162
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:05:48
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223146187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCABE HEIDRICH & WONG PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04 GATEHALL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARSIPPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0070544518
ReturnHeader/PreparerPersonGrp/PhoneNum09736051040
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN D MARTINE
ReturnHeader/ReturnTs02020-11-16T11:20:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-04-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$57,905
Liabilities
$28,287
Net assets
$29,618
Revenue
$165,435
Expenses
$135,817
Net income
$29,618
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.12$0.02$6.10$0.98$0.89$0.09
2023Detailed filing. Detailed filing data is available for this year.$9.01$3.07$5.94$0.73$2.11$1.38
2022Detailed filing. Detailed filing data is available for this year.$9.14$3.28$5.87$0.66$1.74$1.08
2021Detailed filing. Detailed filing data is available for this year.$10.5$3.40$7.05$6.98$0.64$6.34
2020Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.74$0.86$0.15$0.71
2019Detailed filing. Detailed filing data is available for this year.$0.06$0.03$0.03$0.17$0.14$0.03