Civic Intelligence

Forest Glen Impact Foundation

990PF • Fiscal year 2024 • EIN 85-3048096

Jan 01, 2024 to Dec 31, 2024 • Filed on May 07, 2025

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

24th percentile

0.00x

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

2024 filings • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.00x

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

2024 filings • $5M-$10M nonprofits • Source year 2024

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2024 filings • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2024 filings • $5M-$10M nonprofits • Source year 2024

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

2024 filings • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

4134%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$7,112,558

Up $2,498,737 (+54%) from 2023

Net Assets

Up

$7,112,558

Up $2,498,737 (+54%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin98th percentile

Revenue

Up

$2,620,890

Up $2,558,994 (+4134%) from 2023

Expenses

Down

$122,153

Down $112,476 (-48%) from 2023

Net Income

Up

$2,498,737

Up $2,671,470 (+1547%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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: $0Net 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

2024

Assets$7,112,558
Liabilities$0
Net Assets$7,112,558
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

2024

Revenue$2,620,890
Expenses$122,153
Net Income$2,498,737
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Compensation and Service Providers
Top Officer Pay32nd 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 Andrew Nemec
Title
President
Phone
8008391754
Signed
2025-05-07
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix312 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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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0260701
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt0226001
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0327411
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0486702
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt066710
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt0226001
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Nemec Philip Andrew
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt014529 Leigh Court
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0San Jose
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0CA
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd0951244525
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt02500000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0General Consultations
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt02634
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt014634
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt012000
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0PRI - LOAN TO PASTOR
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt0380851
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt0380851
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Bank Charges
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt028117
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1100
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt025
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt028117
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt125
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2100
OtherIncomeSchedule2/OtherIncomeDetail/AdjustedNetIncomeAmt09659
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Interest Income from PRI
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt09659
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt09659
TaxesSchedule/TaxesDetail/Amt0900
TaxesSchedule/TaxesDetail/Amt1260
TaxesSchedule/TaxesDetail/Amt23117
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2024
TaxesSchedule/TaxesDetail/CategoryTxt1990-PF Excise Tax for 2023
TaxesSchedule/TaxesDetail/CategoryTxt2Property Taxes
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt03117
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Philip Andrew Nemec
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02025-05-15T07:50:08-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,112,558
Liabilities
$0
Net assets
$7,112,558
Revenue
$2,620,890
Expenses
$122,153
Net income
$2,498,737
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.00$4.99$5.00$0.02$4.99