Civic Intelligence

The 77 Foundation Inc

990 • Fiscal year 2021 • EIN 84-3233772

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

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

88th percentile

0.40x

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

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

Liabilities / Revenue

85th percentile

0.23x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

14th percentile

-34%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

98th percentile

$91,895

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

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

Asset Growth

13th percentile

-31%

Faster asset growth than 13% of similar nonprofits.

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

Revenue Growth

22nd percentile

-37%

Faster revenue growth than 22% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$232,439

Down $104,521 (-31%) from 2020

Net Assets

Down

$139,001

Down $140,139 (-50%) from 2020

Liabilities

Up

$93,438

Up $35,618 (+62%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin14th percentile

Revenue

Down

$414,015

Down $239,877 (-37%) from 2020

Expenses

Up

$554,154

Up $179,402 (+48%) from 2020

Net Income

Down

-$140,139

Down $419,279 (-150%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

2021

Assets$232,439
Liabilities$93,438
Net Assets$139,001
Open 2021 Filing

Operations Trend

Revenue Growth22nd percentile

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

2021

Revenue$414,015
Expenses$554,154
Net Income-$140,139
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$414,015
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$228,045▼ $104,988
Rtn Earn Endowment Incm Other Fnds$279,140$139,001▼ $140,139
Cash and Non-Interest-Bearing Accounts$3,927$4,394▲ $467
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$336,960$232,439▼ $104,521
Liabilities
Accounts Payable and Accrued Expenses$57,820$93,438▲ $35,618
Total Liabilities$57,820$93,438▲ $35,618
Net Assets / Fund Balance
Total Net Assets Fund Balance$279,140$139,001▼ $140,139
Total Liabilities and Net Assets / Fund Balance$336,960$232,439▼ $104,521
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
April V JacksonCOOFT$91,895$91,895
James M Kelly JrCEOFT$91,895$91,895
Sharon LeeCFOFT$91,895$91,895

Board Members and Trustees

NameTitle
James M KellyBoard Chair
James NavarroBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$414,015
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$414,015
Change in Net Assets
$-140,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$507,117
Total Fundraising Expense$48,312
Other Expenses$30,037
Grants and Similar Amounts Paid$17,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$135,245$149,142$29,946$314,333
Other Salaries and Wages$66,356$73,175$14,693$154,224
Payroll Taxes$16,591$18,296$3,673$38,560
Grants to Domestic Orgs$17,000--$17,000
Fees for Services Accounting-$12,500-$12,500
Occupancy-$5,040-$5,040
Office Expenses-$5,000-$5,000
Insurance-$3,897-$3,897
Information Technology-$3,600-$3,600
Total Functional Expenses$235,192$270,650$48,312$554,154
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
LcdsLeesburg, VA501(c)(3)General Grant$11,000
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
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
2022-05-13
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
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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/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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/USAddress/ZIPCd021401
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES M KELLY JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04102917777
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE 77 FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt077FO
ReturnHeader/Filer/EIN0843233772
ReturnHeader/Filer/PhoneNum04102917777
ReturnHeader/Filer/USAddress/AddressLine1Txt013 FRANCIS STREET
ReturnHeader/Filer/USAddress/CityNm0ANNAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470900880
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/ReturnTs02022-05-13T10:29:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KELLY JR
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$232,439
Liabilities
$93,438
Net assets
$139,001
Revenue
$414,015
Expenses
$554,154
Net income
-$140,139
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