Civic Intelligence

Goodforce Foundation

990PF • Fiscal year 2020 • EIN 85-2801097

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 29, 2021

Organization Profile
Foundation Source 501 Silverside RdWilmington, DE 19809-1377

(800) 839-1754

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

2020 filings • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.00x

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

2020 filings • $500k-$1M nonprofits • Source year 2020

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

2020 filings • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets38th percentile

Assets

$928,196

No earlier filing loaded for comparison.

Net Assets

$928,196

No earlier filing loaded for comparison.

Liabilities

$1

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin98th percentile

Revenue

$935,112

No earlier filing loaded for comparison.

Expenses

$6,916

No earlier filing loaded for comparison.

Net Income

$928,196

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2020: $928,196Liabilities 2020: $1Net Assets 2020: $928,1962020Assets 2021: $917,959Liabilities 2021: $1Net Assets 2021: $917,9592021Assets 2022: $877,278Liabilities 2022: $1Net Assets 2022: $877,2782022Assets 2023: $834,874Liabilities 2023: $1Net Assets 2023: $834,8742023Assets 2024: $810,105Liabilities 2024: $4,783Net Assets 2024: $805,3222024

Highlighted filing

2020

Assets$928,196
Liabilities$1
Net Assets$928,196
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2020: $935,112Expenses 2020: $6,916Net Income 2020: $928,1962020Revenue 2021: $14Expenses 2021: $10,251Net Income 2021: -$10,2372021Revenue 2022: $22Expenses 2022: $40,703Net Income 2022: -$40,6812022Revenue 2023: $70Expenses 2023: $42,474Net Income 2023: -$42,4042023Revenue 2024: $17,772Expenses 2024: $47,324Net Income 2024: -$29,5522024

Highlighted filing

2020

Revenue$935,112
Expenses$6,916
Net Income$928,196
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 29, 2021
Return Version
2020v4.1
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Balaji Janakiraman IyerDir, Pres, Treas-$0--
Megha IyerSec-$0--
Panna IyerDir, VP-$0--
Filing and Contact Details

Filer

Filer Name
GoodForce Foundation
EIN
85-2801097
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Balaji Janakiraman IYER
Title
President
Phone
8008391754
Signed
2021-11-29
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
ONE HOLLOW LN STE 212, LAKE SUCCESS, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix276 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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OtherIncomeSchedule2/OtherIncomeDetail/Desc0K-1 Inc/Loss CASH MONEY MARKET FUND
ReasonableCauseExplanation/ExplanationTxt0GoodForce Foundation (EIN: 85-2801097) respectfully requests abatement of any penalties for late filing of Form 990-PF for taxable year ending December 31, 2020 because the delay was inadvertent, unintended, and due to reasonable causes. Treasury Regulations Section 301.6651-1(c)(1) defines reasonable cause by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to prepare its Form 990-PF for tax period ending 12/31/2020. The Foundation's 2020 Form 990-PF short period initial return was timely filed on 9/24/2021. The return was originally mailed to the IRS, but was returned along with a notice instructing the Foundation to submit the return electronically. The Foundation's administrator advised the Foundation to submit the return for paper filing initially because at the time the return was filed, the administrator's tax software was unable to transmit short period initial returns via e-file. It wasn't until the Foundation received an IRS notice dated October 21, 2021, that the administrator became aware that the IRS now accepts short period initial returns via e-file and that the software's capability had been updated. The foundation's administrator is now submitting the return via e-file, and the delay in filing Form 990-PF for the taxable year ending 2020 is no fault or willful neglect of the foundation. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation's actions were reasonable and in good faith. These administrative actions were in no way an intentional disregard of the IRS rules and therefore entitled to abatement of any penalty. The organization acted in good faith in complying with the filing deadline and in rectifying the situation as soon as it was known. Therefore, we again request that no penalty be assessed for late filing.
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Iyer Balaji Janakiraman
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Iyer PANNA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt02 Dovecote Lane
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt12 Dovecote Lane
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0Malvern
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1Malvern
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0PA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1PA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd019355
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd119355
TaxesSchedule/TaxesDetail/Amt0800
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2020
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Balaji Janakiraman IYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-29
ReturnHeader/DisasterReliefTxt0NEW YORK-HURRICANE IDA
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GoodForce Foundation
ReturnHeader/Filer/BusinessNameControlTxt0GOOD
ReturnHeader/Filer/EIN0852801097
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUNDATION SOURCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HOLLOW LN STE 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE SUCCESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02021-12-20T14:13:12-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Balaji Janakiraman
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0IYER
ReturnHeader/TaxPeriodBeginDt02020-08-27
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$928,196
Liabilities
$1
Net assets
$928,196
Revenue
$935,112
Expenses
$6,916
Net income
$928,196
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.10$0.05$8.05$0.18$0.47$0.30
2023Detailed filing. Detailed filing data is available for this year.$8.35$0.00$8.35$0.00$0.42$0.42
2022Detailed filing. Detailed filing data is available for this year.$8.77$0.00$8.77$0.00$0.41$0.41
2021Detailed filing. Detailed filing data is available for this year.$9.18$0.00$9.18$0.00$0.10$0.10
2020Detailed filing. Detailed filing data is available for this year.$9.28$0.00$9.28$9.35$0.07$9.28