Civic Intelligence

Long Arc Foundation

990PF • Fiscal year 2021 • EIN 86-2700410

Mar 16, 2021 to Dec 31, 2021 • Filed on Sep 12, 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

39th percentile

0.00x

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

2021 filings • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.00x

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

2021 filings • $500k-$1M nonprofits • Source year 2021

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2021 filings • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2021 filings • $500k-$1M 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 / Assets39th percentile

Assets

$852,058

No earlier filing loaded for comparison.

Net Assets

$852,058

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin98th percentile

Revenue

$892,085

No earlier filing loaded for comparison.

Expenses

$40,027

No earlier filing loaded for comparison.

Net Income

$852,058

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.

$1.5M$1.0M$500K$0Assets 2021: $852,058Liabilities 2021: $0Net Assets 2021: $852,0582021Assets 2022: $978,392Liabilities 2022: $0Net Assets 2022: $978,3922022Assets 2023: $662,987Liabilities 2023: $0Net Assets 2023: $662,9872023Assets 2024: $1,358,108Liabilities 2024: $0Net Assets 2024: $1,358,1082024

Highlighted filing

2021

Assets$852,058
Liabilities$0
Net Assets$852,058
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $892,085Expenses 2021: $40,027Net Income 2021: $852,0582021Revenue 2022: $156,614Expenses 2022: $30,280Net Income 2022: $126,3342022Revenue 2023: -$249,417Expenses 2023: $65,988Net Income 2023: -$315,4052023Revenue 2024: $783,152Expenses 2024: $88,031Net Income 2024: $695,1212024

Highlighted filing

2021

Revenue$892,085
Expenses$40,027
Net Income$852,058
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Mar 16, 2021 to Dec 31, 2021
Signed
Sep 12, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Danisha PatelDir, Pres, Sec, Treas-$0--
Manish PatelDirector-$0--
Filing and Contact Details

Filer

Filer Name
Long Arc Foundation
EIN
86-2700410
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Danisha Patel
Title
President
Phone
8008391754
Signed
2022-09-12
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
Raw XML Appendix274 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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IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0FARFETCH LIMITED FTCH, 5000 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc1EVOLENT HEALTH INC EVH, 20000 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc2FARFETCH LIMITED FTCH, 5000 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02021-10-04
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IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt22021-12-16
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LiquidationExplanationStmt/ExplanationTxt0As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $30,000. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. 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.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Administrative Set-Up Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Delaware Incorporation Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3IRS Application Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt03527
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt15400
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3600
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OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3600
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Patel Danisha
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1PATEL MANISH
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt016 Pleasant Plains Rd
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt116 Pleasant Plains Rd
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0Basking Ridge
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1Basking Ridge
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NJ
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1NJ
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd007920
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd107920
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANISHA PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Long Arc Foundation
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0862700410
ReturnHeader/Filer/InCareOfNm0% Foundation Source
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FOUNDATION SOURCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HOLLOW LN STE 212
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE SUCCESS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02022-09-28T12:58:38-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANISHA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATEL
ReturnHeader/TaxPeriodBeginDt02021-03-16
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$852,058
Liabilities
$0
Net assets
$852,058
Revenue
$892,085
Expenses
$40,027
Net income
$852,058
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.78$0.09$0.70
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.25$0.07$0.32
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.16$0.03$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.89$0.04$0.85