Civic Intelligence

Mabo Foundation

990 • Fiscal year 2022 • EIN 85-1493700

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 12, 2023

Organization Profile
3139 Mcleod RdBellingham, WA 98225

(360) 510-5551

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

2nd percentile

-161%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

44th percentile

-0.5%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

100th percentile

3067%

Faster revenue growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$2,064,621

Down $10,228 (-0.5%) from 2021

Net Assets

Down

$2,064,621

Down $10,228 (-0.5%) from 2021

Liabilities

Down

$0

Down $1 (-100%) from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin2nd percentile

Revenue

Up

$6,365

Up $6,164 (+3067%) from 2021

Expenses

Up

$16,593

Up $8,186 (+97%) from 2021

Net Income

Down

-$10,228

Down $2,022 (-25%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$3.0M$2.0M$1.0M$0Assets 2020: $2,083,055Liabilities 2020: $1Net Assets 2020: $2,083,0552020Assets 2021: $2,074,849Liabilities 2021: $1Net Assets 2021: $2,074,8492021Assets 2022: $2,064,621Liabilities 2022: $0Net Assets 2022: $2,064,6212022Assets 2023: $1Liabilities 2023: $1Net Assets 2023: $02023Assets 2024: $1,138,096Liabilities 2024: $0Net Assets 2024: $1,138,0962024

Highlighted filing

2022

Assets$2,064,621
Liabilities$0
Net Assets$2,064,621
Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $2,100,000Expenses 2020: $16,945Net Income 2020: $2,083,0552020Revenue 2021: $201Expenses 2021: $8,407Net Income 2021: -$8,2062021Revenue 2022: $6,365Expenses 2022: $16,593Net Income 2022: -$10,2282022Revenue 2023: $47,525Expenses 2023: $1,018,463Net Income 2023: -$970,9382023Revenue 2024: $387,440Expenses 2024: $384,670Net Income 2024: $2,7702024

Highlighted filing

2022

Revenue$6,365
Expenses$16,593
Net Income-$10,228
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 12, 2023
Return Version
2022v5.0
Gross Receipts
$6,365
Mission and Program Overview

Mission

EDUCATIONAL SCHOLARSHIPS

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,074,849$2,064,621▼ $10,228
Total Assets$2,074,849$2,064,621▼ $10,228
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,074,849$2,064,621▼ $10,228
Total Net Assets Fund Balance$2,074,849$2,064,621▼ $10,228
Total Liabilities and Net Assets / Fund Balance$2,074,849$2,064,621▼ $10,228
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Grace BorsariPresident
Larry MadsenOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,365
Other Revenue
$0
Change in Net Assets
$-10,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,500
Other Expenses$3,093
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,500--$13,500
Fees for Service Investment Mgmnt Fees$2,373--$2,373
Fees for Services Accounting$720--$720
Total Functional Expenses$16,593$0$0$16,593
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
Backup withholding compliance
Yes
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 governing body review Part VI line 11

“The tax return was presented to the board of directors prior to being signed and filed”

Governing documents etc available to public Part VI line 19

“The books of the organization are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Mabo Foundation
EIN
85-1493700
Address
3139 MCLEOD RD, BELLINGHAM, WA 98225

Signing Officer

Name
Grace Borsari
Title
President
Phone
3605105551
Signed
2023-04-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Grace Borsari
Formed
2020
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Darrell Stewart & Company
Address
1135 ELLIS ST, Bellingham, WA 98225
Preparer
Darrell Stewart
Phone
3607342935
Raw XML Appendix249 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.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,064,621
Liabilities
$0
Net assets
$2,064,621
Revenue
$6,365
Expenses
$16,593
Net income
-$10,228
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.39$0.38$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.05$1.02$0.97
2022Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.01$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.00$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$2.10$0.02$2.08