Civic Intelligence

Pay IT Forward Charleston

EIN 85-1238004 • 501(c)3 • Charleston, SC

Profile

The charitable purpose is to provide assistance to food and beverage employees in need to due to unforseen circumstances which affect their earnings capacity. Further the organization may support local suppliers to the food and beverage industry.

220 Third Ave 4BCharleston, SC 29403

n/A

Siviq Scores

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

Liabilities / Assets

75th percentile

0.05x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

29th percentile

-12%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

25th percentile

-35%

Faster asset growth than 25% of similar nonprofits.

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

Revenue Growth

63rd percentile

9.1%

Faster revenue growth than 63% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$26,391

Down $14,119 (-35%) from 2022

Liabilities

Up

$1,335

Up $426 (+47%) from 2022

Net Assets

Down

$25,056

Down $14,545 (-37%) from 2022

Operations
Liabilities / Revenue70th percentileNet Margin29th percentile

Revenue

Up

$120,280

Up $10,077 (+9.1%) from 2022

Expenses

Up

$134,825

Up $21,372 (+19%) from 2022

Net Income

Down

-$14,545

Down $11,295 (-348%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

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

$60K$40K$20K$0Assets 2020: $39,666Liabilities 2020: $1,271Net Assets 2020: $38,3952020Assets 2021: $43,004Liabilities 2021: $153Net Assets 2021: $42,8512021Assets 2022: $40,510Liabilities 2022: $909Net Assets 2022: $39,6012022Assets 2023: $26,391Liabilities 2023: $1,335Net Assets 2023: $25,0562023

Highlighted filing

2023

Assets$26,391
Liabilities$1,335
Net Assets$25,056
Open 2023 Filing

Operations Trend

Revenue Growth63rd percentile

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

$150K$100K$50K$0-$50KRevenue 2020: $134,310Expenses 2020: $8,468Net Income 2020: $125,8422020Revenue 2021: $72,936Expenses 2021: $68,480Net Income 2021: $4,4562021Revenue 2022: $110,203Expenses 2022: $113,453Net Income 2022: -$3,2502022Revenue 2023: $120,280Expenses 2023: $134,825Net Income 2023: -$14,5452023

Highlighted filing

2023

Revenue$120,280
Expenses$134,825
Net Income-$14,545
Open 2023 Filing

Filings

Most recent year

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

Open filing
Assets
$26,391
Liabilities
$1,335
Net assets
$25,056
Revenue
$120,280
Expenses
$134,825
Net income
-$14,545
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$1.20$1.35$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.01$0.40$1.10$1.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.73$0.68$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.38$1.34$0.08$1.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 9, 2024
Return Version
2023v4.0
Gross Receipts
$120,280
Mission and Program Overview

Mission

The charitable purpose is to provide assistance to food and beverage employees in need to due to unforseen circumstances which affect their earnings capacity. Further the organization may support local suppliers to the food and beverage industry.

Program Services

DescriptionGrantsExpenses
The charitable purpose is to provide assistance to food and beverage employees in need due to unforseen circumstances which affects their earnings capacity, Further, the organization may support local suppliers of the food and beverage industry.-$134,823
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ShemtovPresident-$0--
Filing and Contact Details

Filer

Filer Name
Pay it Forward Charleston
EIN
85-1238004
Phone
8436190202
Address
220 Third Ave 4B, Charleston, SC 29403

Signing Officer

Name
Michael Shemtov
Title
President
Signed
2024-03-09
Discuss with paid preparer
Yes

Preparer

Firm
Arrow Advisory LLC
Address
1205 TWO ISLAND CT STE 201, MOUNT PLEASANT, SC 29466
Preparer
Kathleen B Edwards CPA
Phone
8437471004
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Various | Cash Amount Given: $58550”

Other Expenses.1001

“Advertising and Promotion $3956”

Other Expenses.1002

“Office Expenses $3710”

Other Expenses.1012

“Insurance $2195”

Other Expenses.1

“Contractors $3525”

Other Expenses.2

“Events $3507”

Other Expenses.3

“Other Business Expense $2037”

Other Expenses.4

“Website Development $1125”

Other Expenses.5

“Taxes & Licenses $100”

Other Expenses.6

“Meals & Entertainment $34”

Other Expenses.7

“Supplies $22”

Other Expenses.8

“Bank Charges $7”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $909 Accounts Payable and Accrued Expenses - Ending $1335”

Raw XML Appendix165 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/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/PersonNm0Michael Shemtov
IRS990EZ/BooksInCareOfDetail/PhoneNum08434753554
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0220 Third Ave 4b
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charleston
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029403
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt040510
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt026391
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0120280
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-14545
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01060
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt040510
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026391
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt058550
IRS990EZ/GrossReceiptsAmt0120280
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt039601
IRS990EZ/NetAssetsOrFundBalancesEOYAmt025056
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039601
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt025056
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Michael Shemtov
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt020218
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The charitable purpose is to provide assistance to food and beverage employees in need to due to unforseen circumstances which affect their earnings capacity. Further the organization may support local suppliers to the food and beverage industry.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The charitable purpose is to provide assistance to food and beverage employees in need due to unforseen circumstances which affects their earnings capacity, Further, the organization may support local suppliers of the food and beverage industry.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0134823
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt054997
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0909
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01335
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0134825
IRS990EZ/TotalProgramServiceExpensesAmt0134823
IRS990EZ/TotalRevenueAmt0120280
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Charitable purpose is to provide assistance to food and beverage employees in need due to unforseen circumstances which affect their earnings capacity. Further, the organization may support local suppliers to the food and beverage industry
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part I: Additional Information
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part I, Line 12f: Supported Org Not Named in Organizing Documents
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0144261
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0123083
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt072936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0134310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0474590
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0474590
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0144261
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0123083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt072936
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0134310
IRS990ScheduleA/Total509Grp/TotalAmt0474590
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0144261
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0123083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt072936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0134310
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0474590
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Various | Cash Amount Given: $58550
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $3956
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $3710
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $2195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contractors $3525
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Events $3507
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Other Business Expense $2037
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Website Development $1125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Taxes & Licenses $100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Meals & Entertainment $34
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Supplies $22
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Bank Charges $7
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $909 Accounts Payable and Accrued Expenses - Ending $1335
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Shemtov
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pay it Forward Charleston
ReturnHeader/Filer/BusinessNameControlTxt0PAYI
ReturnHeader/Filer/EIN0851238004
ReturnHeader/Filer/PhoneNum08436190202
ReturnHeader/Filer/USAddress/AddressLine1Txt0220 Third Ave 4B
ReturnHeader/Filer/USAddress/CityNm0Charleston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029403
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061664632
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARROW ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01205 TWO ISLAND CT STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PLEASANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029466
ReturnHeader/PreparerPersonGrp/PhoneNum08437471004
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kathleen B Edwards CPA
ReturnHeader/ReturnTs02024-03-09T09:38:33-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shemtov
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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