Civic Intelligence

Mbi Charitable Inc.

990 • Fiscal year 2020 • EIN 86-1420855

Dec 30, 2020 to Dec 31, 2020 • Filed on Jun 17, 2021

Organization Profilewww.roseofthesharon.com
1351 Sawgrass Corp Pkwy Ste 100North Miami Beach, FL 33162

(786) 317-3401

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$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 / Assets55th percentile

Assets

$2,153

No earlier filing loaded for comparison.

Net Assets

$2,153

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin100th percentile

Revenue

$2,153

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$2,153

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.

$30K$20K$10K$0Assets 2020: $2,153Liabilities 2020: $0Net Assets 2020: $2,1532020Assets 2021: $25,326Liabilities 2021: $0Net Assets 2021: $25,3262021Assets 2023: $2,067Liabilities 2023: $0Net Assets 2023: $2,0672023

Highlighted filing

2020

Assets$2,153
Liabilities$0
Net Assets$2,153
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$100K$50K$0-$50KRevenue 2020: $2,153Expenses 2020: $0Net Income 2020: $2,1532020Revenue 2021: $23,173Expenses 2021: $0Net Income 2021: $23,1732021Revenue 2023: $57,539Expenses 2023: $82,894Net Income 2023: -$25,3552023

Highlighted filing

2020

Revenue$2,153
Expenses$0
Net Income$2,153
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Dec 30, 2020 to Dec 31, 2020
Signed
Jun 17, 2021
Return Version
2020v4.1
Gross Receipts
$2,153
Mission and Program Overview

Mission

To assist the elderly with resources and support. The organization accomplishes this by providing grants to nursing facilities and homecare organziations which are used to provide care for the elderly. As the Organization was formed on December 28, 2020, these activities did not beging until 2021.

To assist the elderly with resources and support. The organization accomplishes this by providing grants to nursing facilities and homecare organziations which are used to provide care for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Assets Total-$2,153-
Total Assets$0$2,153▲ $2,153
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$2,153-
Total Net Assets Fund Balance$0$2,153▲ $2,153
Total Liabilities and Net Assets / Fund Balance$0$2,153▲ $2,153

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,153--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
John T OnsonPresident
Levi Y RuddSecretary
Louis L KassTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,153
Other Revenue
$0
Change in Net Assets
$2,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 10

“A copy of the form 990 was provided to each member of the board of directors for a period of 7 days prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Members of the board annually sign the conflict of interest policy”

Form 990, Part VI, Section B, Line 15B

“All compensation amounts are approved in advance by the board of directors based on comparable salary data for similar positions in our zip code.”

Form 990, Part VI, Section C, Line 19

“The organization provides a copy to all such documents to members of the general public who request the documents in writing.”

Filing and Contact Details

Filer

Filer Name
MBI Charitable Inc
EIN
86-1420855
Address
1351 Sawgrass Corp Pkwy Ste 100, North Miami Beach, FL 33162

Signing Officer

Name
Levi Y Rudd
Title
Secretary
Signed
2021-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Levi Y Rudd
Formed
2020
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
A Roth & Co
Address
801 NE 167th Street, N Miami Beach, FL 33162
Preparer
Avrohom N Roth
Phone
3057853172
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ReturnHeader/Filer/EIN0861420855
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-17
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ReturnHeader/ReturnTs02021-06-17T11:18:35-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Levi
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Rudd
ReturnHeader/TaxPeriodBeginDt02020-12-30
ReturnHeader/TaxPeriodEndDt02020-12-31
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,153
Liabilities
$0
Net assets
$2,153
Revenue
$2,153
Expenses
$0
Net income
$2,153
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$57.5$82.9$25.4
2021Detailed filing. Detailed filing data is available for this year.$25.3$0.00$25.3$23.2$0.00$23.2
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.00$2.15$2.15$0.00$2.15