Civic Intelligence

The 77 Foundation Inc

990 • Fiscal year 2023 • EIN 84-3233772

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileSEVENTY-SEVEN.ORG
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

80th percentile

0.30x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.40x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$155,719

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

74th percentile

18%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-39%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$888,309

Up $137,482 (+18%) from 2022

Net Assets

Up

$625,484

Up $75,199 (+14%) from 2022

Liabilities

Up

$262,825

Up $62,283 (+31%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin63rd percentile

Revenue

Down

$650,657

Down $414,431 (-39%) from 2022

Expenses

Down

$575,458

Down $78,346 (-12%) from 2022

Net Income

Down

$75,199

Down $336,085 (-82%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2023

Assets$888,309
Liabilities$262,825
Net Assets$625,484
Open 2023 Filing

Operations Trend

Revenue Growth9th 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

2023

Revenue$650,657
Expenses$575,458
Net Income$75,199
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$650,657
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
Cash and Non-Interest-Bearing Accounts$557,740$694,618▲ $136,878
Rtn Earn Endowment Incm Other Fnds$550,285$625,484▲ $75,199
Savings and Temporary Cash Investments$193,087$193,691▲ $604
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$750,827$888,309▲ $137,482
Liabilities
Accounts Payable and Accrued Expenses$196,742$262,825▲ $66,083
Grants Payable$3,800--
Total Liabilities$200,542$262,825▲ $62,283
Net Assets / Fund Balance
Total Net Assets Fund Balance$550,285$625,484▲ $75,199
Total Liabilities and Net Assets / Fund Balance$750,827$888,309▲ $137,482
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James M Kelly JrCEOFT$155,719$155,719
Sharon LeeCFOFT$155,719$155,719

Board Members and Trustees

NameTitle
James M KellyBoard Chair
James NavarroBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$650,657
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$650,657
Change in Net Assets
$75,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$367,732
Other Expenses$149,076
Grants and Similar Amounts Paid$58,650
Total Fundraising Expense$35,033
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$133,999$147,768$29,670$311,437
Fees for Services Other$110,075--$110,075
Grants to Domestic Orgs$58,650--$58,650
Payroll Taxes$12,179$13,430$2,697$28,306
Other Salaries and Wages$12,043$13,280$2,666$27,989
Office Expenses-$10,761-$10,761
Fees for Services Accounting-$8,500-$8,500
Information Technology-$7,500-$7,500
Insurance-$4,800-$4,800
Advertising$4,500--$4,500
Occupancy-$2,940-$2,940
Total Functional Expenses$331,446$208,979$35,033$575,458
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Loudoun County Day SchoolLeesburg, VA501(c)(3)Support for Auxiliary Activities for Children of First Responders$16,250
Marine Corp Scholarship FoundationAlexandria, VA501(c)(3)Scholarship Fund Support$12,500
ST MARY'S GOLD TOURNAMENTAnnapolis, MD501(c)(3)Sponsoring a Golf Tournament Benefiting the Community Needs of the Naval Families$12,500
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
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
Sharon Lee
Title
CFO
Phone
4102917777
Signed
2024-05-15
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
2

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Kristin a Jacquelin CPA
Phone
2023319880
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting service: program service expenses 110,075. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,075.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES M KELLY JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SHARON LEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155719
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1155719
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt4CONSULTING SERVICE: PROGRAM SERVICE EXPENSES 110,075. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 110,075.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/StatesWhereCopyOfReturnIsFldCd1VA
IRS990/StatesWhereCopyOfReturnIsFldCd2FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0750827
IRS990/TotalAssetsEOYAmt0888309
IRS990/TotalAssetsGrp/BOYAmt0750827
IRS990/TotalAssetsGrp/EOYAmt0888309
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0650657
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035033
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0208979
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0331446
IRS990/TotalFunctionalExpensesGrp/TotalAmt0575458
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0200542
IRS990/TotalLiabilitiesEOYAmt0262825
IRS990/TotalLiabilitiesGrp/BOYAmt0200542
IRS990/TotalLiabilitiesGrp/EOYAmt0262825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0550285
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0625484
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0331446
IRS990/TotalReportableCompFromOrgAmt0311438
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0650657
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0750827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0888309
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013 FRANCIS STREET
IRS990/USAddress/CityNm0ANNAPOLIS
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021401
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0SEVENTY-SEVEN.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04102917777
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
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/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTIN A JACQUELIN CPA
ReturnHeader/ReturnTs02024-05-15T13:02:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHARON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LEE
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$888,309
Liabilities
$262,825
Net assets
$625,484
Revenue
$650,657
Expenses
$575,458
Net income
$75,199
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