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.
1.82x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
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
$12,652
No earlier filing loaded for comparison.
Net Assets
-$10,348
No earlier filing loaded for comparison.
Liabilities
$23,000
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$54,837
No earlier filing loaded for comparison.
Expenses
$69,298
No earlier filing loaded for comparison.
Net Income
-$14,461
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Apr 26, 2022
- Return Version
- 2021v4.2
- Gross Receipts
- $54,837
Mission and Program Overview
Mission
Serving as a fervent force in giving and goodwill
Program Services
| Description | Grants | Expenses |
|---|---|---|
| RAISE FUNDS FOR DIFFERENT CHARITABLE EVENTS AND CONTRIBUTIONS TO SCHOOLS AND WORTHY CAUSES AS DETERMINED BY THE ORGANIZATION | $0 | $63,200 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| ALEJANDRO ABAD | Chief Executive Officer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Tower-60 Inc
- EIN
- 84-2638407
- Phone
- 3104471234
- Address
- 1029 E ACACIA, EL SEGUNDO, CA 90245
Signing Officer
- Name
- Alex Abad
- Title
- Chief Executive Officer
- Phone
- 3104471234
- Signed
- 2022-04-26
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Beach Freeman Lim & Cleland Llp
- Address
- 861 PARKVIEW DR N SUITE 200, EL SEGUNDO, CA 90245
- Preparer
- Gene E Lim
- Phone
- 3104471234
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: el segundo education foundation. Grantee address: 641 sheldon st el segundo, ca 90245. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 5,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: city of hope. Grantee address: 5215 torrance blvd torrance, ca 90503. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 50,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: el segundo pta. Grantee address: 641 sheldon st el segundo, ca 90245. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 1,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: el segundo high school girls soccer. Grantee address: 640 main st. El segundo, ca 90245. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 1,000.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: fueling the fearless. Grantee address: 2711 n sepulveda blvd #505 manhattan beach, ca 90266. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 5,200.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: . Grantee name: tiffany takes flight. Grantee address: 330 concord st el segundo , ca 90245. Grantee relationship: none. Date of gift: 12/31/21. Amount given: 1,000. Total included on form 990-ez, line 10: 63,200.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: supplies. Amount: 2,920. Description: filing fee. Amount: 25. Description: miscellaneous expense. Amount: 1,878. Total to form 990-ez, line 16: 4,823.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: loan payable. Beg. Of year amount: 0. End of year amount: 23,000.”
Raw XML Appendix142 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ALEX ABAD |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3104471234 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1029 E ACACIA AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | EL SEGUNDO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 90245 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 4113 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12652 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 54837 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14461 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1275 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 4113 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 12652 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 63200 |
| IRS990EZ/GrossReceiptsAmt | 0 | 54837 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 4113 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -10348 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 4113 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -10348 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | ALEJANDRO ABAD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4823 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SERVING AS A FERVENT FORCE IN GIVING AND GOODWILL |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | RAISE FUNDS FOR DIFFERENT CHARITABLE EVENTS AND CONTRIBUTIONS TO SCHOOLS AND WORTHY CAUSES AS DETERMINED BY THE ORGANIZATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 63200 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 23000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 69298 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 63200 |
| IRS990EZ/TotalRevenueAmt | 0 | 54837 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.TOWER60.COM |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 22000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 22000 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 54837 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 24226 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70966 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 150029 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 128029 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 22000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 22000 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 54837 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 24226 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 70966 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 150029 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 54837 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 24226 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 70966 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 150029 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: EL SEGUNDO EDUCATION FOUNDATION. GRANTEE ADDRESS: 641 SHELDON ST EL SEGUNDO, CA 90245. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 5,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: CITY OF HOPE. GRANTEE ADDRESS: 5215 TORRANCE BLVD TORRANCE, CA 90503. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 50,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: EL SEGUNDO PTA. GRANTEE ADDRESS: 641 SHELDON ST EL SEGUNDO, CA 90245. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 1,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: EL SEGUNDO HIGH SCHOOL GIRLS SOCCER. GRANTEE ADDRESS: 640 MAIN ST. EL SEGUNDO, CA 90245. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 1,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: FUELING THE FEARLESS. GRANTEE ADDRESS: 2711 N SEPULVEDA BLVD #505 MANHATTAN BEACH, CA 90266. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 5,200. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ACTIVITY CLASSIFICATION: . GRANTEE NAME: TIFFANY TAKES FLIGHT. GRANTEE ADDRESS: 330 CONCORD ST EL SEGUNDO , CA 90245. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/21. AMOUNT GIVEN: 1,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 63,200. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | DESCRIPTION: SUPPLIES. AMOUNT: 2,920. DESCRIPTION: FILING FEE. AMOUNT: 25. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 1,878. TOTAL TO FORM 990-EZ, LINE 16: 4,823. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | DESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 23,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ALEX ABAD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF EXECUTIVE OFFICER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3104471234 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TOWER-60 INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TOWE |
| ReturnHeader/Filer/EIN | 0 | 842638407 |
| ReturnHeader/Filer/PhoneNum | 0 | 3104471234 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1029 E ACACIA |
| ReturnHeader/Filer/USAddress/CityNm | 0 | EL SEGUNDO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 90245 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 562306396 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BEACH FREEMAN LIM & CLELAND LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 861 PARKVIEW DR N SUITE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | EL SEGUNDO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 90245 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3104471234 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GENE E LIM |
| ReturnHeader/ReturnTs | 0 | 2022-05-31T12:54:58-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | ALEX |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ABAD |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $12,652
- Liabilities
- $23,000
- Net assets
- -$10,348
- Revenue
- $54,837
- Expenses
- $69,298
- Net income
- -$14,461