Civic Intelligence

Forest Glen Impact Foundation

990PF • Fiscal year 2020 • EIN 85-3048096

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 01, 2022

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

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Net Margin

98th percentile

100%

Higher net margin than 98% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • $5M-$10M nonprofits • 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 / Assets23rd percentile

Assets

$4,985,730

No earlier filing loaded for comparison.

Net Assets

$4,985,730

No earlier filing loaded for comparison.

Liabilities

$1

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin98th percentile

Revenue

$5,002,296

No earlier filing loaded for comparison.

Expenses

$16,566

No earlier filing loaded for comparison.

Net Income

$4,985,730

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.

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $4,985,730Liabilities 2020: $1Net Assets 2020: $4,985,7302020Assets 2021: $4,997,418Liabilities 2021: $0Net Assets 2021: $4,997,4182021Assets 2022: $4,786,554Liabilities 2022: $0Net Assets 2022: $4,786,5542022Assets 2023: $4,613,821Liabilities 2023: $0Net Assets 2023: $4,613,8212023Assets 2024: $7,112,558Liabilities 2024: $0Net Assets 2024: $7,112,5582024

Highlighted filing

2020

Assets$4,985,730
Liabilities$1
Net Assets$4,985,730
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $5,002,296Expenses 2020: $16,566Net Income 2020: $4,985,7302020Revenue 2021: $25,125Expenses 2021: $13,437Net Income 2021: $11,6882021Revenue 2022: $36,747Expenses 2022: $247,611Net Income 2022: -$210,8642022Revenue 2023: $61,896Expenses 2023: $234,629Net Income 2023: -$172,7332023Revenue 2024: $2,620,890Expenses 2024: $122,153Net Income 2024: $2,498,7372024

Highlighted filing

2020

Revenue$5,002,296
Expenses$16,566
Net Income$4,985,730
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 1, 2022
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melinda Leah NemecSec, Director-$0--
Philip Andrew NemecDir, Pres, Treas-$0--
Filing and Contact Details

Filer

Filer Name
Forest Glen Impact Foundation
EIN
85-3048096
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
philip nemec
Title
president
Phone
8008391754
Signed
2022-03-01
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 Appendix275 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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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt333
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt433
ReasonableCauseExplanation/ExplanationTxt0Reasonable Cause Request for Abatement Forest Glen Impact Foundation (EIN: 85-3048096) 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 was timely filed on May 5, 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 foundation's exempt application was still pending and the IRS does not have the capability to accept e-filed returns for exempt organizations where tax exempt status is still pending. 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/PersonNm0Nemec Philip Andrew
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Nemec Melinda Leah
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt014529 Leigh Court
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt114529 Leigh Court
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0San Jose
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1san jose
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0CA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1CA
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd0951244525
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd1951244525
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0philip nemec
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-01
ReturnHeader/DisasterReliefTxt0new york-hurricane ida
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Forest Glen Impact Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FORE
ReturnHeader/Filer/EIN0853048096
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/ReturnTs02022-04-27T15:25:10-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0philip
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0nemec
ReturnHeader/TaxPeriodBeginDt02020-09-10
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,985,730
Liabilities
$1
Net assets
$4,985,730
Revenue
$5,002,296
Expenses
$16,566
Net income
$4,985,730
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$2.62$0.12$2.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.61$0.00$4.61$0.06$0.23$0.17
2022Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.04$0.25$0.21
2021Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.03$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$4.99$0.00$4.99$5.00$0.02$4.99