Civic Intelligence

Konspicuous Foundation Inc.

990EZ • Fiscal year 2021 • EIN 85-3924552

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 09, 2022

Organization ProfileN/A
8405 Conner Ridge LaneCharlotte, NC 28269

(704) 458-5285

Siviq Scores

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

Liabilities / Assets

98th percentile

4.44x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

4.34x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

3rd percentile

-336%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

79th percentile

$4,000

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 60.5% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2021

Revenue Growth

Score unavailable

No value available

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

Source year 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

$6,465

No earlier filing loaded for comparison.

Net Assets

-$22,244

No earlier filing loaded for comparison.

Liabilities

$28,709

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin3rd percentile

Revenue

$6,613

No earlier filing loaded for comparison.

Expenses

$28,857

No earlier filing loaded for comparison.

Net Income

-$22,244

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.

$100K$50K$0-$50K-$100KAssets 2021: $6,465Liabilities 2021: $28,709Net Assets 2021: -$22,2442021Assets 2022: $26,415Liabilities 2022: $66,974Net Assets 2022: -$40,5592022Assets 2023: $4,478Liabilities 2023: $64,857Net Assets 2023: -$60,3792023Assets 2024: $0Net Assets 2024: $3,8152024Assets 2025: $0Net Assets 2025: -$2522025

Highlighted filing

2021

Assets$6,465
Liabilities$28,709
Net Assets-$22,244
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2021: $6,613Expenses 2021: $28,857Net Income 2021: -$22,2442021Revenue 2022: $281,695Expenses 2022: $298,919Net Income 2022: -$17,2242022Revenue 2023: $187,747Expenses 2023: $207,566Net Income 2023: -$19,8192023Revenue 2024: $88,775Expenses 2024: $84,960Net Income 2024: $3,8152024Revenue 2025: $101,750Expenses 2025: $102,002Net Income 2025: -$2522025

Highlighted filing

2021

Revenue$6,613
Expenses$28,857
Net Income-$22,244
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 9, 2022
Return Version
2020v4.1
Gross Receipts
$6,613
Mission and Program Overview

Mission

To increase financial literacy and promote economic empowerment by providing accessible education, resources, and community-based programs that help individuals make informed and confident financial decisions.

The organization's primary exempt purpose is to help solve the country's student loan debt crisis unevenly affecting people of color

Program Services

DescriptionGrantsExpenses
Konspicuous 29 Scholarship FundThe Konspicuous 29 Scholarship Fund will provide funding for students wanting to attend college. The basis for the scholarship fund award is merit and economic need. Since this was the initial fiscal year and a short year (January - June),Funds collected for the Konspicuous 29 scholarship fund were held until we identified a qualified candidate. It is a restricted fund and all proceeds will go directly towards the benefit and execution of the fund.$0$0
Shared Prosperity Financial Literacy FundThe Shared Prosperity Financial Literacy Fund will provide funding to teach students about financial principals especially regarding funding for college education. Since this was the initial fiscal year and a short year (January - June),we did not collect any proceeds for the Shared Prosperity Financial Literacy Fund.$0$0
Konspicuous Foundation Student Loan Debt Forgiveness GrantThe Student Loan Debt Forgiveness Grant will go towards funding of student loan debts of a qualified student based on merit and economic need. Since this was the initial fiscal year and a short year (January - June),we did not collect any proceeds for the Shared Prosperity Financial Literacy Fund.$0$0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond WhiteExecutive DirectorPT$3,500$500$4,000
Filing and Contact Details

Filer

Filer Name
Konspicuous Foundation Inc
EIN
85-3924552
Phone
7044585285
Address
8405 Conner Ridge Lane, Charlotte, NC 28269

Signing Officer

Name
Raymond White
Title
Executive Director
Phone
7044585285
Signed
2022-03-09

Preparer

Firm
White Accounting Solutions Inc
Address
8405 Conner Ridge Lane, Charlotte, NC 28269
Preparer
Raymond White
Phone
9802073921
Supplemental Narrative

Additional Explanations

Pt V, Line 34

“The initial application indicated a calendar year end. However the actual fiscal year end is June 30.”

Form 990EZ, Part I, Line 16

“Business Registration Fees 600.”

Form 990EZ, Part I, Line 16

“Bank Fees 13.”

Form 990EZ, Part I, Line 16

“IT & Software Expense 5241.”

Form 990EZ, Part I, Line 16

“Marketing Expenses 2216.”

Form 990EZ, Part I, Line 16

“Office Supplies 191.”

Form 990EZ, Part I, Line 16

“Telephone 435.”

Raw XML Appendix157 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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IRS990EZ/BooksInCareOfDetail/PhoneNum07044585285
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt08405 Conner Ridge Lane
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028269
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt08696
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The organization's primary exempt purpose is to help solve the country's student loan debt crisis unevenly affecting people of color
IRS990EZ/PrintingPublicationsPostageAmt0156
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Konspicuous 29 Scholarship FundThe Konspicuous 29 Scholarship Fund will provide funding for students wanting to attend college. The basis for the scholarship fund award is merit and economic need. Since this was the initial fiscal year and a short year (January - June),Funds collected for the Konspicuous 29 scholarship fund were held until we identified a qualified candidate. It is a restricted fund and all proceeds will go directly towards the benefit and execution of the fund.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Shared Prosperity Financial Literacy FundThe Shared Prosperity Financial Literacy Fund will provide funding to teach students about financial principals especially regarding funding for college education. Since this was the initial fiscal year and a short year (January - June),we did not collect any proceeds for the Shared Prosperity Financial Literacy Fund.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Konspicuous Foundation Student Loan Debt Forgiveness GrantThe Student Loan Debt Forgiveness Grant will go towards funding of student loan debts of a qualified student based on merit and economic need. Since this was the initial fiscal year and a short year (January - June),we did not collect any proceeds for the Shared Prosperity Financial Literacy Fund.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt06555
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt028709
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt028857
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt06613
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06613
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt06613
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06613
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06613
IRS990ScheduleA/TotalSupportAmt06613
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt013727
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0operating expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt013727
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Raymond White
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Executive Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt013727
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The initial application indicated a calendar year end. However the actual fiscal year end is June 30.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Business Registration Fees 600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Fees 13.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT & Software Expense 5241.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Marketing Expenses 2216.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office Supplies 191.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Telephone 435.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 34
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Raymond White
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07044585285
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Konspicuous Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0KONS
ReturnHeader/Filer/EIN0853924552
ReturnHeader/Filer/PhoneNum07044585285
ReturnHeader/Filer/USAddress/AddressLine1Txt08405 Conner Ridge Lane
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028269
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0White Accounting Solutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08405 Conner Ridge Lane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Charlotte
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028269
ReturnHeader/PreparerPersonGrp/PhoneNum09802073921
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Raymond White
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-03-11T19:57:17-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Raymond
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0White
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,465
Liabilities
$28,709
Net assets
-$22,244
Revenue
$6,613
Expenses
$28,857
Net income
-$22,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$1.02$1.02$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.04$0.89$0.85$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.65$0.60$1.88$2.08$0.20
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.67$0.41$2.82$2.99$0.17
2021Detailed filing. Detailed filing data is available for this year.$0.06$0.29$0.22$0.07$0.29$0.22