Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.69x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
66th percentile
Higher top officer pay than 66% of similar nonprofits.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$5,021
No earlier filing loaded for comparison.
Net Assets
-$3,476
No earlier filing loaded for comparison.
Liabilities
$8,497
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$0
No earlier filing loaded for comparison.
Expenses
$3,476
No earlier filing loaded for comparison.
Net Income
-$3,476
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Jul 15, 2020
- Return Version
- 2019v5.0
Mission and Program Overview
Mission
The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Derek Ng | President | - | $0 | - | - |
| Ben Yao | Director | - | $0 | - | - |
| Gregg Flower | Director | - | $0 | - | - |
| John Lin | Chairman | - | $0 | - | - |
| Freddie Neilson | CEO | - | $0 | - | - |
| Derek Mei | CFO & Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Purple Summit Inc
- EIN
- 83-4449695
- Phone
- 6319829182
- Address
- 270 MAIN STREET, EAST SETAUKET, NY 11733
Signing Officer
- Name
- Derek Ng
- Title
- President
- Signed
- 2020-07-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Wei Wei & Co Llp
- Address
- 13310 39TH AVE, FLUSHING, NY 11354-4400
- Preparer
- Steve Wei CPA
- Phone
- 7184456308
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $3000”
Other Expenses.1003
“Information Technology $303”
Other Expenses.1010
“Amortization $173”
Other Assets.1012
“Intangible Assets - Beginning $0 Intangible Assets - Ending $5021”
Total Liabilities.1006
“Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $8497”
Raw XML Appendix156 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 |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DEREK NG |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6319829182 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 270 MAIN STREET SUITE 206 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | EAST SETAUKET |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 11733 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3476 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 5021 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 8497 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -3476 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -3476 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Derek Ng |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Ben Yao |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Gregg Flower |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | John Lin |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Freddie Neilson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Derek Mei |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Chairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | CFO & Secretary |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 5021 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3476 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 8497 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 3476 |
| IRS990EZ/TotalRevenueAmt | 0 | 0 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.purplesummit.org |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 4249 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 1 | 4248 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 1 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 1 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd | 1 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | loan |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 1 | loan |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 4249 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 1 | 4248 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Derek Ng |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 1 | John Lin |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | DIRECTOR |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 1 | OFFICER |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 1 | false |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 8497 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $3000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Information Technology $303 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Amortization $173 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Intangible Assets - Beginning $0 Intangible Assets - Ending $5021 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $8497 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1010 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Assets.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Total Liabilities.1006 |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Derek Ng |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-07-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PURPLE SUMMIT INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PURP |
| ReturnHeader/Filer/EIN | 0 | 834449695 |
| ReturnHeader/Filer/PhoneNum | 0 | 6319829182 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 270 MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | EAST SETAUKET |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 11733 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 113264561 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WEI WEI & CO LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 13310 39TH AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | FLUSHING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 113544400 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7184456308 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Steve Wei CPA |
| ReturnHeader/ReturnTs | 0 | 2020-07-15T08:12:34-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-03-05 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $5,021
- Liabilities
- $8,497
- Net assets
- -$3,476
- Revenue
- $0
- Expenses
- $3,476
- Net income
- -$3,476