Civic Intelligence

The 77 Foundation Inc

990 • Fiscal year 2020 • EIN 84-3233772

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2021

Organization ProfileN/A
13 Francis StreetAnnapolis, MD 21401

(410) 291-7777

Siviq Scores

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

Liabilities / Assets

67th percentile

0.17x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

55th percentile

$13,077

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

$336,960

No earlier filing loaded for comparison.

Net Assets

$279,140

No earlier filing loaded for comparison.

Liabilities

$57,820

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin87th percentile

Revenue

$653,892

No earlier filing loaded for comparison.

Expenses

$374,752

No earlier filing loaded for comparison.

Net Income

$279,140

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.

$1.0M$500K$0-$500KAssets 2020: $336,960Liabilities 2020: $57,820Net Assets 2020: $279,1402020Assets 2021: $232,439Liabilities 2021: $93,438Net Assets 2021: $139,0012021Assets 2022: $750,827Liabilities 2022: $200,542Net Assets 2022: $550,2852022Assets 2023: $888,309Liabilities 2023: $262,825Net Assets 2023: $625,4842023Assets 2024: $602,791Liabilities 2024: $201,100Net Assets 2024: $401,6912024Assets 2025: $5,067Liabilities 2025: $9,645Net Assets 2025: -$4,5782025

Highlighted filing

2020

Assets$336,960
Liabilities$57,820
Net Assets$279,140
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $653,892Expenses 2020: $374,752Net Income 2020: $279,1402020Revenue 2021: $414,015Expenses 2021: $554,154Net Income 2021: -$140,1392021Revenue 2022: $1,065,088Expenses 2022: $653,804Net Income 2022: $411,2842022Revenue 2023: $650,657Expenses 2023: $575,458Net Income 2023: $75,1992023Revenue 2024: $321,397Expenses 2024: $545,190Net Income 2024: -$223,7932024Revenue 2025: $155,983Expenses 2025: $562,252Net Income 2025: -$406,2692025

Highlighted filing

2020

Revenue$653,892
Expenses$374,752
Net Income$279,140
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.2
Gross Receipts
$653,892
Mission and Program Overview

Mission

To provide social financial assistance to survivors children of first responders.

The 77 foundation mission is to provide social & financial assistance to survivors (children) of first responders

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$333,033-
Rtn Earn Endowment Incm Other Fnds$0$279,140▲ $279,140
Cash and Non-Interest-Bearing Accounts-$3,927-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$336,960▲ $336,960
Liabilities
Accounts Payable and Accrued Expenses-$57,820-
Total Liabilities$0$57,820▲ $57,820
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$279,140▲ $279,140
Total Liabilities and Net Assets / Fund Balance$0$336,960▲ $336,960
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James M Kelly JrCEOFT$13,077$13,077
Sharon LeeCFOFT$13,077$13,077
April V JacksonCOOFT$12,500$12,500

Board Members and Trustees

NameTitle
James M KellyBoard Chair
James NavarroBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$653,892
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$653,892
Change in Net Assets
$279,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$331,195
Other Expenses$36,057
Total Fundraising Expense$31,553
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$76,187$84,015$16,870$177,072
Other Salaries and Wages$55,372$61,061$12,261$128,694
Payroll Taxes$10,941$12,066$2,422$25,429
Fees for Services Accounting-$24,500-$24,500
Grants to Domestic Orgs$7,500--$7,500
Insurance-$3,146-$3,146
Occupancy-$2,520-$2,520
Other Expenses-$2,277-$2,277
Fees for Services Other$1,680--$1,680
Information Technology-$1,413-$1,413
Office Expenses-$521-$521
Total Functional Expenses$151,680$191,519$31,553$374,752
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Top Ladies of Distinction IncHouston, TX501(c)(3)General Grant$7,500
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
Backup withholding compliance
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
No
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

“James m. Kelly (board chair) is the father of james m.kelly, jr(president/ceo)”

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

“The form 990 was initially reviewed in detail by the foundation's accounting department and management. Furthermore, prior to filing with the internal revenue service, a copy of the form 990 was provided to all the foundation's board members.”

Form 990, Part VI, Section C, Line 18

“The organization is still in the start-up phase, this is a work in progress.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The 77 Foundation Inc
EIN
84-3233772
Phone
4102917777
Address
13 FRANCIS STREET, ANNAPOLIS, MD 21401

Signing Officer

Name
James M Kelly Jr
Title
President/CEO
Phone
4102917777
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James M Kelly Jr
Formed
2019
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
1
Employees
5
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Kristin a Jacquelin CPA
Phone
2023319880
Raw XML Appendix311 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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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOP LADIES OF DISTINCTION INC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE 77 FOUNDATION REQUESTS THE ANNUAL (WITH FINANCIAL REPORTING) REPORT FROM THE ORGANIZATIONS THAT WE SUPPORT IN GRANT AND FUNDING TO MONITOR THE USE OF THE FUNDS PROVIDED. OUR OFFICERS ARE ALSO INVOLVED IN THE ACTIVITIES IN THE ORGANIZATIONS THAT WE SUPPORT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES M. KELLY (BOARD CHAIR) IS THE FATHER OF JAMES M.KELLY, JR(PRESIDENT/CEO)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS INITIALLY REVIEWED IN DETAIL BY THE FOUNDATION'S ACCOUNTING DEPARTMENT AND MANAGEMENT. FURTHERMORE, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE, A COPY OF THE FORM 990 WAS PROVIDED TO ALL THE FOUNDATION'S BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS STILL IN THE START-UP PHASE, THIS IS A WORK IN PROGRESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CALIBRE CPA GROUP PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07501 WISCONSIN AVENUE SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020814
ReturnHeader/PreparerPersonGrp/PhoneNum02023319880
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTIN A JACQUELIN CPA
ReturnHeader/ReturnTs02021-05-11T12:46:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$336,960
Liabilities
$57,820
Net assets
$279,140
Revenue
$653,892
Expenses
$374,752
Net income
$279,140
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.00$0.16$0.56$0.41
2024Detailed filing. Detailed filing data is available for this year.$0.60$0.20$0.40$0.32$0.55$0.22
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.26$0.63$0.65$0.58$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.20$0.55$1.07$0.65$0.41
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.09$0.14$0.41$0.55$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.06$0.28$0.65$0.37$0.28