Civic Intelligence

Clark-Ramirez Foundation

EIN 85-4352132 • Wilmington, DE

Foundation Source 501 Silverside RdWilmington, DE 19809-1377
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

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

<$500k nonprofits • Source year 2022

Net Margin

1st percentile

-56267%

Higher net margin than 1% of similar nonprofits.

<$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

<$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-40%

Faster revenue growth than 21% of similar nonprofits.

<$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $110,846 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$0

Down $110,846 (-100%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$197

Down $133 (-40%) from 2021

Expenses

Up

$111,043

Up $98,558 (+789%) from 2021

Net Income

Down

-$110,846

Down $98,691 (-812%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2020: $123,001Liabilities 2020: $0Net Assets 2020: $123,0012020Assets 2021: $110,846Liabilities 2021: $0Net Assets 2021: $110,8462021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2020: $123,001Expenses 2020: $0Net Income 2020: $123,0012020Revenue 2021: $330Expenses 2021: $12,485Net Income 2021: -$12,1552021Revenue 2022: $197Expenses 2022: $111,043Net Income 2022: -$110,8462022

Highlighted filing

2022

Revenue$197
Expenses$111,043
Net Income-$110,846
Open 2022 Filing

Filings

Most recent year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$197
Expenses
$111,043
Net income
-$110,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$1.11$1.11
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.00$0.12$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$1.23$0.00$1.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Oct 17, 2022
Signed
Nov 11, 2022
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aaron M JamesVP-$0--
Hailey M RamirezVP-$0--
Martin RamirezDir, Sec-$0--
Paula RamirezDir, Pres, Treas-$0--
Filing and Contact Details

Filer

Filer Name
Clark-Ramirez Foundation
EIN
85-4352132
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Paula Clark-Ramirez
Title
President
Phone
8008391754
Signed
2022-11-11
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 Appendix235 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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LiquidationExplanationStmt/ExplanationTxt0THE FOLLOWING INFORMATION IS SUBMITTED IN ACCORDANCE WITH TREASURY REGULATION SECTION 1.6043-3(A)(1) AND THE FORM 990-PF INSTRUCTIONS: DURING THE TAXABLE YEAR ENDING OCTOBER 17, 2022, THE CLARK-RAMIREZ FOUNDATION (THE "FOUNDATION") MADE DISTRIBUTIONS FROM ASSETS FROM SOURCES OTHER THAN CURRENT INCOME IN COMPLETE LIQUIDATION. THE FOUNDATION FILED THE ATTACHED CERTIFICATE OF DISSOLUTION WITH THE SECRETARY OF STATE OF DELAWARE ON OCTOBER 17, 2022. THE FOUNDATION MADE DISTRIBUTIONS OF CASH TO THE GRANTEES LISTED IN THE ATTACHMENT TO PART XIV, LINE 3A; EACH SUCH GRANT WAS MADE SOLELY FOR THE CHARITABLE PURPOSE SPECIFIED THEREIN.
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ReasonableCauseExplanation/ExplanationTxt0We respectfully request that Clark-Ramirez Foundation's (the "Foundation") 2022 Form 990-PF be treated as timely filed and request that no late filing penalty be assessed because the filing delay was due to reasonable cause. Treasury Regulations Sec. 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 2022 Form 990-PF. The Foundation's 2022 Form 990-PF is a final return and, therefore, had a different due date than it has had for previous years. As such, the filing of an extension was inadvertently missed due to an administrative error and at no fault of the Foundation. In fact, the foundation has never before filed its Form 990-PF late. As soon as the error was discovered by the administrator, the return was prepared for filing. The administrators have policies and procedures in place to ensure that this type of error will not occur in the future. According to the standards set forth in Rev. Proc. 92-85, we believe the Foundation and its administrator's actions were reasonable and in good faith. The delay in submitting the tax return was not in any way due to an intentional disregard of IRS rules and, therefore, penalties should not be assessed.
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-11
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ReturnHeader/Filer/BusinessNameControlTxt0CLAR
ReturnHeader/Filer/EIN0854352132
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ReturnHeader/Filer/PhoneNum08008391754
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
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/ReturnTs02023-05-14T03:40:20-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Paula
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Clark-Ramirez
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-10-17
ReturnHeader/TaxYr02022

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