Civic Intelligence

Squareup Foundation Inc.

990EZ • Fiscal year 2021 • EIN 85-1496288

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 31, 2022

407 E 5th St Apt BChattanooga, TN 37403

(423) 551-3279

Siviq Scores

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

Liabilities / Assets

84th percentile

0.24x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.12x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

63rd percentile

19%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

90th percentile

106%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$27,504

Up $14,184 (+106%) from 2020

Net Assets

Up

$21,014

Up $10,286 (+96%) from 2020

Liabilities

Up

$6,490

Up $3,898 (+150%) from 2020

Revenue

Up

$54,442

Up $1,978 (+3.8%) from 2020

Expenses

Up

$44,156

Up $2,420 (+5.8%) from 2020

Net Income

Down

$10,286

Down $442 (-4.1%) from 2020

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2020: $13,320Liabilities 2020: $2,592Net Assets 2020: $10,7282020Assets 2021: $27,504Liabilities 2021: $6,490Net Assets 2021: $21,0142021Assets 2022: $34,131Liabilities 2022: $1,253Net Assets 2022: $32,8782022Assets 2023: $36,915Liabilities 2023: $0Net Assets 2023: $36,9152023Assets 2024: $42,605Liabilities 2024: $0Net Assets 2024: $42,6052024

Highlighted filing

2021

Assets$27,504
Liabilities$6,490
Net Assets$21,014

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2020: $52,464Expenses 2020: $41,736Net Income 2020: $10,7282020Revenue 2021: $54,442Expenses 2021: $44,156Net Income 2021: $10,2862021Revenue 2022: $65,062Expenses 2022: $53,198Net Income 2022: $11,8642022Revenue 2023: $73,939Expenses 2023: $69,902Net Income 2023: $4,0372023Revenue 2024: $61,911Expenses 2024: $56,221Net Income 2024: $5,6902024

Highlighted filing

2021

Revenue$54,442
Expenses$44,156
Net Income$10,286
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 31, 2022
Return Version
2021v4.2
Gross Receipts
$54,442
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable, scientific, literary or educational purposes within the meaning of irc section 501(c)(3). In furtherance of such purposes, the corporation shall engage in charitable and educational activities, and support other charitable and educational organizations, all as selected by the board of directors, and more particularly, make grants to alleviate poverty, address hunger, provide disaster and hardship relief related to individuals, provide educational opportunities to the general public, and to organize events and promote fundraising related to such activities. For such exclusively public purposes and not otherwise, the corporation will act to solicit, collect, receive, accumulate, administer, and disburse funds and property in such a manner which will most effectively operate to further the charitable purposes of the corporation.

The corporation is organized exclusively for charitable, scientific, literary or educational purposes within the meaning of irc section 501(c)(3). In furtherance of such purposes, the corporation shall engage in charitable and educational activities, and support other charitable and educational organizations, all as selected by the board of directors, and more particularly, make grants to alleviate poverty, address hunger and provide educational opportunities to the general public and to organize events and promote fundraising related to such activities. For such exclusively public purposes and not otherwise, the corporation will act to solicit, collect, receive, accumulate, administer, and disburse funds and property in such a manner which will most effectively operate to further the charitable purposes of the corporation.

Program Services

DescriptionGrantsExpenses
THE SOLE PROGRAM SERVICE ACCOMPLISHMENT WAS TO DISTRIBUTE GRANTS TO ALLEVIATE POVERTY, ADDRESS HUNGER, AND PROVIDE EDUCATIONAL OPPORTUNITIES TO THE GENERAL PUBLIC, AND TO ORGANIZE EVENTS AND PROMOTE FUNDRAISING RELATED TO SUCH ACTIVITIES.$40,158$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HENRY COREYPresident/Director-$0--
JAMES HOLLANDSecretary/Treasurer/Direct-$0--
ROBERT POITRASDirector-$0--
DAVID WEDEKINDDirector-$0--
REBECCA HAMMONDDirector-$0--
WESLEY CUNNINGHAMDirector-$0--
JAMIE WALTONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Squareup Foundation Inc
EIN
85-1496288
Phone
4235513279
Address
407 E 5TH ST APT B, CHATTANOOGA, TN 37403

Signing Officer

Name
H Allen Corey
Title
President
Phone
4235513279
Signed
2022-03-31
Discuss with paid preparer
Yes

Preparer

Firm
Scenic City Accounting Group Pllc
Address
PO BOX 2336, CHATTANOOGA, TN 37409
Preparer
Douglas G Bullard
Phone
4232004886
Supplemental Narrative

Additional Explanations

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

Description: credit card fees. Amount: 26. Description: office. Amount: 332. Description: marketing. Amount: 795. Description: licenses & permits. Amount: 123. Total to form 990-ez, line 16: 1,276.

Form 990-ez, Part II, Line 24 - Other Assets

Description: contributions receivable. Beg. Of year amount: 3,144. End of year amount: 2,647.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 2,592. End of year amount: 6,490.

Raw XML Appendix168 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CREDIT CARD FEES. AMOUNT: 26. DESCRIPTION: OFFICE. AMOUNT: 332. DESCRIPTION: MARKETING. AMOUNT: 795. DESCRIPTION: LICENSES & PERMITS. AMOUNT: 123. TOTAL TO FORM 990-EZ, LINE 16: 1,276.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: CONTRIBUTIONS RECEIVABLE. BEG. OF YEAR AMOUNT: 3,144. END OF YEAR AMOUNT: 2,647.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 2,592. END OF YEAR AMOUNT: 6,490.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0H ALLEN COREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04235513279
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SQUAREUP FOUNDATION INC
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ReturnHeader/Filer/PhoneNum04235513279
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOUGLAS G BULLARD
ReturnHeader/ReturnTs02022-04-15T15:48:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0H
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ALLEN COREY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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