Civic Intelligence

What If Fund

EIN 84-2983768 • 501(c)3 • New York, NY

Profile

To increase access to capital for charitable entities and social enterprises

Polsinelli 600 Third Avenue 42flNew York, NY 10016

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-24%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Assets

Down

$1,213

Down $375 (-24%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$1,213

Down $375 (-24%) from 2020

Revenue

Flat

$0

Flat from 2020

Expenses

Up

$375

Up $201 (+116%) from 2020

Net Income

Down

-$375

Down $201 (-116%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0K$1.5K$1.0K$500$0Assets 2019: $1,762Liabilities 2019: $0Net Assets 2019: $1,7622019Assets 2020: $1,588Liabilities 2020: $0Net Assets 2020: $1,5882020Assets 2021: $1,213Liabilities 2021: $0Net Assets 2021: $1,2132021

Highlighted filing

2021

Assets$1,213
Liabilities$0
Net Assets$1,213

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2019: $293,615Expenses 2019: $291,853Net Income 2019: $1,7622019Revenue 2020: $0Expenses 2020: $174Net Income 2020: -$1742020Revenue 2021: $0Expenses 2021: $375Net Income 2021: -$3752021

Highlighted filing

2021

Revenue$0
Expenses$375
Net Income-$375

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$0
Mission and Program Overview

Mission

To increase access to capital for charitable entities and social enterprises

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,588$1,213▼ $375
Total Assets$1,588$1,213▼ $375
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,588$1,213▼ $375
Total Net Assets Fund Balance$1,588$1,213▼ $375
Total Liabilities and Net Assets / Fund Balance$1,588$1,213▼ $375
Compensation and Service Providers

Board Members and Trustees

NameTitle
Angela BurgessPresident
Erica SeaborneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-375
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375
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
Other Expenses-$375-$375
Total Functional Expenses$0$375$0$375
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
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 B, Line 11B

The form 990 has been reviewed by a group of persons authorized to review financial matters prior to filing. The final form 990 (filed with the irs) will be available at the next meeting of the board for inspection. In addition, upon request of any board member, a copy will be provided. If there are any material changes, an amended form 990 will be filed.

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

The organization's board members, officers, members of management, staff and volunteers are required to sign a conflict of interest statement on an annual basis and disclose any conflicts of interest.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
What If Fund
EIN
84-2983768
Phone
2126840199
Address
POLSINELLI 600 THIRD AVENUE 42FL, NEW YORK, NY 10016

Signing Officer

Name
Erica Seaborne
Title
Secretary
Phone
2126840199
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erica Seaborne
Formed
2019
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
William Skody
Phone
2129671100
Raw XML Appendix256 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/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01588
IRS990/NetAssetsOrFundBalancesEOYAmt01213
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01588
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01213
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0BANK CHARGE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0375
IRS990/OtherExpensesGrp/TotalAmt0375
IRS990/PartialLiquidationInd00
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IRS990/ReconcilationRevenueExpnssAmt0-375
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL MATTERS PRIOR TO FILING. THE FINAL FORM 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARD MEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BOARD MEMBERS, OFFICERS, MEMBERS OF MANAGEMENT, STAFF AND VOLUNTEERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS AND DISCLOSE ANY CONFLICTS OF INTEREST.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0842983768
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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