Civic Intelligence

Arctic Fox Foundation

990PF • Fiscal year 2020 • EIN 85-3733915

Oct 27, 2020 to Dec 31, 2020 • Filed on Sep 20, 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

57th percentile

0.00x

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

2020 filings • <$500k nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.00x

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

2020 filings • <$500k nonprofits • Source year 2020

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

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.

2020 filings • <$500k 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 / Assets57th percentile

Assets

$400,100

No earlier filing loaded for comparison.

Net Assets

$400,100

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin99th percentile

Revenue

$400,100

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$400,100

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.

$600K$400K$200K$0Assets 2020: $400,100Liabilities 2020: $0Net Assets 2020: $400,1002020Assets 2021: $192,841Liabilities 2021: $0Net Assets 2021: $192,8412021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$400,100
Liabilities$0
Net Assets$400,100
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200K-$400KRevenue 2020: $400,100Expenses 2020: $0Net Income 2020: $400,1002020Revenue 2021: $375Expenses 2021: $207,634Net Income 2021: -$207,2592021Revenue 2022: $237Expenses 2022: $193,078Net Income 2022: -$192,8412022

Highlighted filing

2020

Revenue$400,100
Expenses$0
Net Income$400,100
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 27, 2020 to Dec 31, 2020
Signed
Sep 20, 2022
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward BaeSec, DirectorPT$0--
Kristen Leanne MorganDirectorPT$0--
Ryan MorganDir, PresPT$0--
John OhTreas, DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Arctic Fox Foundation
EIN
85-3733915
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Edward Bae
Title
CEO/Secretary
Phone
8008391754
Signed
2022-09-20
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
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ReasonableCauseExplanation/ExplanationTxt0Arctic Fox Foundation (EIN: 85-3733915) 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 October 27, 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 has since received their federal tax exempt status, and 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/PersonNm0Boinca Inc
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt015000S Avalon Blvd Suite F
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SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0CA
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-20
ReturnHeader/DisasterReliefTxt0New York-Hurricane Ida
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Arctic Fox Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ARCT
ReturnHeader/Filer/EIN0853733915
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0One Hollow Ln Ste 212
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-09-29T07:49:46-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Edward
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Bae
ReturnHeader/TaxPeriodBeginDt02020-10-27
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$400,100
Liabilities
$0
Net assets
$400,100
Revenue
$400,100
Expenses
$0
Net income
$400,100
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$1.93$1.93
2021Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$0.00$2.08$2.07
2020Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$4.00$0.00$4.00