Civic Intelligence

Gk Fund Inc.

990EZ • Fiscal year 2023 • EIN 84-5048084

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 08, 2024

529 Main Street Suite P200Charlestown, MA 02129

(617) 357-5777

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-626%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

7th percentile

-68%

Faster asset growth than 7% of similar nonprofits.

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

Revenue Growth

6th percentile

-75%

Faster revenue growth than 6% of similar nonprofits.

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

Assets

Down

$51,667

Down $107,689 (-68%) from 2022

Net Assets

Down

$51,667

Down $107,689 (-68%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$17,203

Down $50,397 (-75%) from 2022

Expenses

Up

$124,892

Up $34,137 (+38%) from 2022

Net Income

Down

-$107,689

Down $84,534 (-365%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2021: $75,000Liabilities 2021: $0Net Assets 2021: $75,0002021Assets 2022: $159,356Liabilities 2022: $0Net Assets 2022: $159,3562022Assets 2023: $51,667Liabilities 2023: $0Net Assets 2023: $51,6672023Assets 2024: $243,259Liabilities 2024: $0Net Assets 2024: $243,2592024

Highlighted filing

2023

Assets$51,667
Liabilities$0
Net Assets$51,667

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2021: $75,000Expenses 2021: $0Net Income 2021: $75,0002021Revenue 2022: $67,600Expenses 2022: $90,755Net Income 2022: -$23,1552022Revenue 2023: $17,203Expenses 2023: $124,892Net Income 2023: -$107,6892023Revenue 2024: $268,606Expenses 2024: $77,015Net Income 2024: $191,5912024

Highlighted filing

2023

Revenue$17,203
Expenses$124,892
Net Income-$107,689
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 8, 2024
Return Version
2023v5.1
Gross Receipts
$17,203
Mission and Program Overview

Mission

The organization's mission is to support the growth of minority and women owned or operated companies. The fund will serve as a vehicle for corporations and nonprofits to make social investments, create new initiatives, offer resources, engage in mentoring and take other measures.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION WORKS TO CLOSE THE RACE AND GENDER WEALTH GAP BY INCREASING ACCESS TO CAPITAL, PROVIDING MENTORSHIP, FREE LEGAL SERVICES AND OTHER RESOURCES TO ENTREPRENEURS FROM UNDERREPRESENTED GROUPS, INCLUDING BUT NOT LIMITED TO FOUNDERS WHO IDENTIFY AS BIPOC, WOMEN, LGBTQIA, OR VETERAN OF THE U.S. ARMED FORCES.$70,000$54,892
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ANDRE PORTERClerk-$0--
ANUDRADHA YADAVDirector-$0--
CA WEBBDirector-$0--
COLETTE PHILLIPSPresident-$0--
DARREN DONOVANDirector-$0--
DAVID BRIGHTDirector-$0--
EVELYN MURPHYDirector-$0--
G RYAN ANSINDirector-$0--
GEOFFREY CARABOOLADDirector-$0--
HERBY DUVERNEDirector-$0--
JAY GONZALEZDirector-$0--
MARIA DESIMONETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Gk Fund Inc
EIN
84-5048084
Phone
6173575777
Address
529 MAIN STREET SUITE P200, CHARLESTOWN, MA 02129

Signing Officer

Name
Colette Phillips
Title
President
Phone
6173575777
Signed
2024-08-08
Discuss with paid preparer
Yes

Preparer

Firm
Lee & Crowley LLC
Address
423 W BROADWAY SUITE 304, BOSTON, MA 02127
Preparer
James Keefe
Phone
6173568220
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: books, subscriptions. Amount: 1,642. Description: marketing expense. Amount: 1,224. Description: filing fees. Amount: 13. Description: insurance. Amount: 1,334. Description: taxes. Amount: 35. Description: other costs. Amount: 200. Description: payroll fees. Amount: 297. Description: office supplies. Amount: 367. Description: photography. Amount: 1,350. Total to form 990-ez, line 16: 6,462.

Raw XML Appendix195 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
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IRS990EZ/BooksInCareOfDetail/PhoneNum06173575777
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLINE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ANDRE PORTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANUDRADHA YADAV
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CA WEBB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3COLETTE PHILLIPS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DARREN DONOVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DAVID BRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6EVELYN MURPHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7G RYAN ANSIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8GEOFFREY CARABOOLAD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9HERBY DUVERNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10JAY GONZALEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11MARIA DESIMONE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CLERK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt06462
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S MISSION IS TO SUPPORT THE GROWTH OF MINORITY AND WOMEN OWNED OR OPERATED COMPANIES. THE FUND WILL SERVE AS A VEHICLE FOR CORPORATIONS AND NONPROFITS TO MAKE SOCIAL INVESTMENTS, CREATE NEW INITIATIVES, OFFER RESOURCES, ENGAGE IN MENTORING AND TAKE OTHER MEASURES.
IRS990EZ/PrintingPublicationsPostageAmt05
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION WORKS TO CLOSE THE RACE AND GENDER WEALTH GAP BY INCREASING ACCESS TO CAPITAL, PROVIDING MENTORSHIP, FREE LEGAL SERVICES AND OTHER RESOURCES TO ENTREPRENEURS FROM UNDERREPRESENTED GROUPS, INCLUDING BUT NOT LIMITED TO FOUNDERS WHO IDENTIFY AS BIPOC, WOMEN, LGBTQIA, OR VETERAN OF THE U.S. ARMED FORCES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt070000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt054892
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt054892
IRS990EZ/TotalRevenueAmt017203
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0THEGKFUND.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt017203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt067600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt068196
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt075000
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0227999
IRS990ScheduleA/TotalSupportAmt0227999
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BOOKS, SUBSCRIPTIONS. AMOUNT: 1,642. DESCRIPTION: MARKETING EXPENSE. AMOUNT: 1,224. DESCRIPTION: FILING FEES. AMOUNT: 13. DESCRIPTION: INSURANCE. AMOUNT: 1,334. DESCRIPTION: TAXES. AMOUNT: 35. DESCRIPTION: OTHER COSTS. AMOUNT: 200. DESCRIPTION: PAYROLL FEES. AMOUNT: 297. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 367. DESCRIPTION: PHOTOGRAPHY. AMOUNT: 1,350. TOTAL TO FORM 990-EZ, LINE 16: 6,462.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0COLETTE PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06173575777
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GK FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0GKFU
ReturnHeader/Filer/EIN0845048084
ReturnHeader/Filer/PhoneNum06173575777
ReturnHeader/Filer/USAddress/AddressLine1Txt0529 MAIN STREET SUITE P200
ReturnHeader/Filer/USAddress/CityNm0CHARLESTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002129
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843551139
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEE & CROWLEY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0423 W BROADWAY SUITE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002127
ReturnHeader/PreparerPersonGrp/PhoneNum06173568220
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES KEEFE
ReturnHeader/ReturnTs02024-08-08T14:42:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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