Civic Intelligence

Telescope Fund

990 • Fiscal year 2021 • EIN 86-2577635

Mar 08, 2021 to Dec 31, 2021 • Filed on Nov 08, 2022

Organization ProfileWWW.TELESCOPEFUND.ORG
1050 Connecticut Avenue NW 500Washington, DC 20036

(202) 942-5271

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

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

Liabilities / Revenue

56th percentile

0.00x

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

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

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

100th percentile

$347,175

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 231.4% 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 / Assets56th percentile

Assets

$143,652

No earlier filing loaded for comparison.

Net Assets

$143,652

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin98th percentile

Revenue

$150,000

No earlier filing loaded for comparison.

Expenses

$6,348

No earlier filing loaded for comparison.

Net Income

$143,652

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.

$40M$30M$20M$10M$0Assets 2021: $143,652Liabilities 2021: $0Net Assets 2021: $143,6522021Assets 2022: $2,367,892Liabilities 2022: $1,794,156Net Assets 2022: $573,7362022Assets 2023: $38,127,793Liabilities 2023: $5,313,598Net Assets 2023: $32,814,1952023Assets 2024: $28,215,070Liabilities 2024: $652,895Net Assets 2024: $27,562,1752024

Highlighted filing

2021

Assets$143,652
Liabilities$0
Net Assets$143,652
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MRevenue 2021: $150,000Expenses 2021: $6,348Net Income 2021: $143,6522021Revenue 2022: $30,475,057Expenses 2022: $30,044,973Net Income 2022: $430,0842022Revenue 2023: $69,446,551Expenses 2023: $37,206,092Net Income 2023: $32,240,4592023Revenue 2024: $5,536,429Expenses 2024: $10,788,449Net Income 2024: -$5,252,0202024

Highlighted filing

2021

Revenue$150,000
Expenses$6,348
Net Income$143,652
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Mar 8, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$150,000
Mission and Program Overview

Mission

Telescope fund partners with donors to expand their philanthropic giving by providing them with the tools needed to catalyze their vision for change. It achieves these goals by providing support for strategic grant making, efficient operations, expert advising, and innovative problem solving.

Partnering with donors to expand philanthropic giving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$130,784-
Prepaid Expenses and Deferred Charges-$12,868-
Total Assets$0$143,652▲ $143,652
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$143,652-
Total Net Assets Fund Balance$0$143,652▲ $143,652
Total Liabilities and Net Assets / Fund Balance$0$143,652▲ $143,652
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Leslie PaynePresident
Dori KriegerDirector
Renee EymaDirector
Andrew SchulzGeneral Counsel
Ben ManganSecretary
Marla BlowTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$150,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$100,000
Change in Net Assets
$143,652

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$316,990
Total Revenue per Audited Statements
$466,990
Total Revenue per Form 990
$150,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$6,348-$6,348
Total Functional Expenses$0$6,348$0$6,348

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$323,338
Expenses Not Reported on Form 990$316,990
Expenses per Audited Statements$6,348
Total Expenses per Form 990$6,348
Expenses Not Reported on Financial Statements$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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Arabella advisors, a nationwide consulting firm with expertise in philanthropy and nonprofit organization management, provides management and administrative services to telescope fund. Arabella advisors ensures that telescope fund complies with federal, state, and local regulations, and provides other administrative functions for telescope fund, including hr, payroll, and legal support services so that telescope can focus entirely on their philanthropic and charitable goals.”

Form 990, Part VI, Section A, Line 6

“Telescope fund has one sole member: new venture fund, which is the supported organization.”

Form 990, Part VI, Section A, Line 7A

“New venture fund has the power to appoint at least a majority of telescope fund's board of directors.”

Form 990, Part VI, Section B, Line 11B

“Upon receipt of the completed form 990 from telescope fund's independent tax accountant, the organization's management and legal counsel reviews a draft of the form; adjustments are made, as necessary. Telescope fund then sends the completed form 990 to all members of the board of directors for review and comment and, upon addressing all comments, the form 990 is filed with the internal revenue service.”

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

“All persons covered by the organization's conflict of interest policy (which include all directors and officers) are required to declare conflicts of interest annually. Covered individuals cannot vote on matters before the board when they have a conflict in the matter. Disinterested members must determine whether or not there are any suitable alternatives to potential transactions that cause conflict. If a covered person is found to be in violation of this policy, it may be cause for removal from the board of directors.”

Form 990, Part VI, Section B, Line 15

“The organization did not compensate a top management official, officer, or key employee during 2021.”

Form 990, Part VI, Section C, Line 19

“Currently, telescope fund does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Telescope Fund
EIN
86-2577635
Phone
2029425271
Address
1050 CONNECTICUT AVENUE NW 500, WASHINGTON, DC 20036

Signing Officer

Name
Leslie Payne
Title
President
Phone
2029425271
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Payne
Formed
2021
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Moss Adams Llp
Address
101 SECOND STREET SUITE 900, SAN FRANCISCO, CA 94105
Preparer
Michael Lumsden
Phone
4159561500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Telescope fund is exempt from federal income tax under section 501(a) of the irc as an organization descried in section 501(c)(3). The irs recognizes telescope fund as a type i supporting organization under section 509(a)(3) and is controlled by nvf.”

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL COUNSEL
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ARABELLA ADVISORS, A NATIONWIDE CONSULTING FIRM WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT ORGANIZATION MANAGEMENT, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO TELESCOPE FUND. ARABELLA ADVISORS ENSURES THAT TELESCOPE FUND COMPLIES WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND PROVIDES OTHER ADMINISTRATIVE FUNCTIONS FOR TELESCOPE FUND, INCLUDING HR, PAYROLL, AND LEGAL SUPPORT SERVICES SO THAT TELESCOPE CAN FOCUS ENTIRELY ON THEIR PHILANTHROPIC AND CHARITABLE GOALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TELESCOPE FUND HAS ONE SOLE MEMBER: NEW VENTURE FUND, WHICH IS THE SUPPORTED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NEW VENTURE FUND HAS THE POWER TO APPOINT AT LEAST A MAJORITY OF TELESCOPE FUND'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON RECEIPT OF THE COMPLETED FORM 990 FROM TELESCOPE FUND'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. TELESCOPE FUND THEN SENDS THE COMPLETED FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND, UPON ADDRESSING ALL COMMENTS, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL PERSONS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (WHICH INCLUDE ALL DIRECTORS AND OFFICERS) ARE REQUIRED TO DECLARE CONFLICTS OF INTEREST ANNUALLY. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND TO BE IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DID NOT COMPENSATE A TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE DURING 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CURRENTLY, TELESCOPE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW VENTURE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW VENTURE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1POSTSECONDARY NATIONAL POLICY INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205806345
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1474374655
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO SUPPORT INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PROFESSIONAL DEVELOPMENT FOR POLICYMAKERS WORKING ON HIGHER EDUCATION ISSUES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01828 L STREET NW SUITE 300-A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11828 L STREET NW SUITE 300-E
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WASHINGTON
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1DC
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0143652
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0143652
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0150000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt06348
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0143652
IRS990/TotalOtherCompensationAmt049025
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0143652
IRS990/TotReportableCompRltdOrgAmt0298150
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01050 CONNECTICUT AVENUE NW 500
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020036
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.TELESCOPEFUND.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LESLIE PAYNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02029425271
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TELESCOPE FUND
ReturnHeader/Filer/BusinessNameControlTxt0TELE
ReturnHeader/Filer/EIN0862577635
ReturnHeader/Filer/PhoneNum02029425271
ReturnHeader/Filer/USAddress/AddressLine1Txt01050 CONNECTICUT AVENUE NW 500
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020036
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSS ADAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SECOND STREET SUITE 900

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Filings

Displayed year

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

Open filing
Assets
$143,652
Liabilities
$0
Net assets
$143,652
Revenue
$150,000
Expenses
$6,348
Net income
$143,652
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.2$0.65$27.6$5.54$10.8$5.25
2023Summary only. Only limited summary data is available for this year.$38.1$5.31$32.8$69.4$37.2$32.2
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$1.79$0.57$30.5$30.0$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.15$0.01$0.14