Civic Intelligence

Pay IT Forward Charleston

990EZ • Fiscal year 2022 • EIN 85-1238004

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 01, 2023

Organization ProfileN/A
1085 Morrison DrCharleston, SC 29403

(843) 619-0202

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

65th percentile

0.01x

Higher debt load relative to revenue than 65% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

35th percentile

-2.9%

Higher net margin than 35% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

37th percentile

-5.8%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

51%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$40,510

Down $2,494 (-5.8%) from 2021

Net Assets

Down

$39,601

Down $3,250 (-7.6%) from 2021

Liabilities

Up

$909

Up $756 (+494%) from 2021

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin35th percentile

Revenue

Up

$110,203

Up $37,267 (+51%) from 2021

Expenses

Up

$113,453

Up $44,973 (+66%) from 2021

Net Income

Down

-$3,250

Down $7,706 (-173%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$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

2022

Assets$40,510
Liabilities$909
Net Assets$39,601
Open 2022 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$110,203
Expenses$113,453
Net Income-$3,250
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 1, 2023
Return Version
2022v5.0
Gross Receipts
$110,203
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.-$83,817
Compensation and Service Providers
Top Officer Pay78th 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
1085 Morrison Dr, Charleston, SC 29403

Signing Officer

Name
Michael Shemtov
Title
President
Signed
2023-06-01
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: $54385”

Other Expenses.1001

“Advertising and Promotion $6509”

Other Expenses.1002

“Office Expenses $3640”

Other Expenses.1

“Events $5366”

Other Expenses.2

“Contractors $4576”

Other Expenses.3

“Website Development $1196”

Other Expenses.4

“Meals & Entertainment $76”

Other Expenses.5

“Taxes & Licenses $50”

Other Expenses.6

“Bank Charges $2”

Other Assets.1007

“Receivables-Officers, Directors, Etc. - Beginning $1450 Receivables-Officers, Directors, Etc. - Ending $0”

Other Assets.1009

“Notes and Loans Receivable - Beginning $172 Notes and Loans Receivable - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $153 Accounts Payable and Accrued Expenses - Ending $909”

Raw XML Appendix159 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Michael Shemtov
IRS990EZ/BooksInCareOfDetail/PhoneNum08434753554
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01085 Morrison Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charleston
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd029403
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt041382
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt040510
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0110203
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3250
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0910
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt043004
IRS990EZ/Form990TotalAssetsGrp/EOYAmt040510
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt054385
IRS990EZ/GrossReceiptsAmt0110203
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt042851
IRS990EZ/NetAssetsOrFundBalancesEOYAmt039601
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt042851
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt039601
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Michael Shemtov
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt01622
IRS990EZ/OtherExpensesTotalAmt021415
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/ProgramServiceExpensesAmt083817
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt036743
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0153
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0909
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0113453
IRS990EZ/TotalProgramServiceExpensesAmt083817
IRS990EZ/TotalRevenueAmt0110203
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/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0123083
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt072936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0134310
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0330329
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/PublicSupportTotal509Amt0330329
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0123083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt072936
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0134310
IRS990ScheduleA/Total509Grp/TotalAmt0330329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0123083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt072936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0134310
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0330329
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Various | Cash Amount Given: $54385
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $6509
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $3640
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Events $5366
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Contractors $4576
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Website Development $1196
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Meals & Entertainment $76
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Taxes & Licenses $50
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Charges $2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Receivables-Officers, Directors, Etc. - Beginning $1450 Receivables-Officers, Directors, Etc. - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Notes and Loans Receivable - Beginning $172 Notes and Loans Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable and Accrued Expenses - Beginning $153 Accounts Payable and Accrued Expenses - Ending $909
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.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total 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/SignatureDt02023-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Pay it Forward Charleston
ReturnHeader/Filer/BusinessNameControlTxt0PAYI
ReturnHeader/Filer/EIN0851238004
ReturnHeader/Filer/PhoneNum08436190202
ReturnHeader/Filer/USAddress/AddressLine1Txt01085 Morrison Dr
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/ReturnTs02023-06-01T09:56:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Shemtov
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,510
Liabilities
$909
Net assets
$39,601
Revenue
$110,203
Expenses
$113,453
Net income
-$3,250
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