Civic Intelligence

Third Ladder Inc

990 • Fiscal year 2023 • EIN 86-3206087

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 17, 2024

3070 Windward PlazaAlpharetta, GA 30005

(803) 868-0090

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

49th percentile

2.4%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$50,227

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

65th percentile

11%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

27%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$126,866

Up $12,703 (+11%) from 2022

Net Assets

Up

$126,068

Up $11,905 (+10%) from 2022

Liabilities

Up

$798

Up $798 from 2022

Revenue

Up

$487,895

Up $104,252 (+27%) from 2022

Expenses

Up

$475,990

Up $45,133 (+10%) from 2022

Net Income

Up

$11,905

Up $59,119 (+125%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2021: $157,945Liabilities 2021: $0Net Assets 2021: $157,9452021Assets 2022: $114,163Liabilities 2022: $0Net Assets 2022: $114,1632022Assets 2023: $126,866Liabilities 2023: $798Net Assets 2023: $126,0682023Assets 2024: $140,497Liabilities 2024: $6,779Net Assets 2024: $133,7182024Assets 2025: $128,592Liabilities 2025: $5,491Net Assets 2025: $123,1012025

Highlighted filing

2023

Assets$126,866
Liabilities$798
Net Assets$126,068

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2021: $214,910Expenses 2021: $56,965Net Income 2021: $157,9452021Revenue 2022: $383,643Expenses 2022: $430,857Net Income 2022: -$47,2142022Revenue 2023: $487,895Expenses 2023: $475,990Net Income 2023: $11,9052023Revenue 2024: $586,614Expenses 2024: $578,964Net Income 2024: $7,6502024Revenue 2025: $506,453Expenses 2025: $517,070Net Income 2025: -$10,6172025

Highlighted filing

2023

Revenue$487,895
Expenses$475,990
Net Income$11,905
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 17, 2024
Return Version
2023v5.0
Gross Receipts
$487,895
Mission and Program Overview

Mission

Third Ladder raises the standard of charitable giving by connecting donors with humanitarian programs alleviating human suffering. We facilitate responsible donor investment and grant distribution services to support global need. Grants are distributed to vetted international humanitarian program services to promote global responsibility and support domestic direct program therapeutic services to address the physical, emotional and mental impact of trauma to meet goals for physical, cognitive, and emotional healing consistent with our core mission. Our process enables donors to be involved and intentional in their giving to create maximum impact for a wide reach of human need.

Third Ladder raises the standard of charitable giving by connecting donors with humanitarian programs alleviating human suffering. We promote global community by facilitating responsible donor investment through grant distribution for vetted (continued on Schedule O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$97,884$105,735▲ $7,851
Accounts Receivable$16,279$21,131▲ $4,852
Total Assets$114,163$126,866▲ $12,703
Liabilities
Accounts Payable and Accrued Expenses-$798-
Total Liabilities$0$798▲ $798
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,163$126,068▲ $61,905
Net Assets With Donor Restrictions$50,000--
Total Net Assets Fund Balance$114,163$126,068▲ $11,905
Total Liabilities and Net Assets / Fund Balance$114,163$126,866▲ $12,703
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Naomi ZachariasExecutive DirectorFT$50,227$50,227
Mallory EvenDirector of Operations and Board MFT$13,854$13,854

Board Members and Trustees

NameTitle
Laura CardnerBoard President
Ashley BoothBoard Treasurer and Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$461,699
Program Service Revenue
$26,196
Investment Income
$0
Other Revenue
$0
All Other Contributions
$461,699
Change in Net Assets
$11,905
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$239,258
Grants and Similar Amounts Paid$190,157
Other Expenses$46,575
Total Fundraising Expense$22,315
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$190,157--$190,157
Other Salaries and Wages$112,365$24,017-$136,382
Current Officers, Directors, Trustees, and Key Employees$42,086$14,461$7,534$64,081
Payroll Taxes$15,729$4,471$697$20,897
Other Employee Benefits$14,395$3,266$237$17,898
Fees for Services Accounting-$16,354-$16,354
Office Expenses-$3,210$11,883$15,093
Fees for Services Legal-$6,228-$6,228
Travel$2,412--$2,412
Information Technology-$2,378-$2,378
Advertising--$1,964$1,964
Insurance-$1,578-$1,578
Conferences and Meetings-$538-$538
Other Expenses-$30-$30
Total Functional Expenses$377,144$76,531$22,315$475,990
International Activity

International Summary

Spending
$190,157

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrant makingHumanitarian support--$75,129
Sub-Saharan AfricaGrant makingHumanitarian support--$67,923
South AmericaGrant makingHumanitarian support--$25,349
Europe including Iceland and GreenlandGrant makingHumanitarian support--$21,756
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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 governing body review Part VI line 11

A copy of the Form 990 is provided to all Board members, discussed at a Board meeting, and voted upon for approval.

Conflict of interest policy compliance Part VI line 12C

The Board of Directors has adopted, and periodically reviews, a Conflict of Interest Policy to protect the Corporations interest when it is contemplating any transaction or arrangement which may benefit any Director, officer, employee, affiliate, or member of a committee with Board-delegated powers.

CEO executive director top management comp Part VI line 15A

The Board of Directors reviewed the title and responsibility for each position, and conducted market research to determine the appropriate compensation.

Other officer or key employee compensation Part VI line 15B

The Board of Directors reviewed the job title and responsibility for each position, and conducted market research to determine an appropriate compensation amount.

Governing documents etc available to public Part VI line 19

Governing documents, conflict of interest policy, and financial statements are available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Third Ladder Inc
EIN
86-3206087
Address
3070 Windward Plaza, Alpharetta, GA 30005

Signing Officer

Name
Laura Cardner
Title
Board President
Phone
8038680090
Signed
2024-04-17
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
7
Volunteers
1

Preparer

Firm
Janet B Duncan CPA PLLC
Address
19208 Peninsula Shores Drive, Cornelius, NC 28031
Preparer
Janet B Duncan
Phone
9194268432
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Part III - Line 2 - Aria initiative: Third Ladder has expanded its humanitarian efforts by facilitating support for human needs through managed domestic direct program services. A small team of Board-certified therapists provide therapeutic services to address the physical, emotional and mental impact of trauma to meet goals for physical, cognitive, and emotional healing consistent with our core mission. Donors can choose to support this program alongside our other vetted programs to provide a restorative response to human suffering, giving intentionally and responsibly to vetted programs subject to our robust evaluation process and reporting system.

General explanation attachment

Part I Summary - Organizations mission (cont). international humanitarian program services and through direct program services domestically to bring healing where we live. Our process enables donors to be involved and intentional in their giving to create maximum impact for a wide reach of human need.

Raw XML Appendix390 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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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Humanitarian support
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Humanitarian support
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Humanitarian support
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Humanitarian support
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Third Ladder identifies and financially equips existing organizations internationally who are meeting a legitimate need through methods of integrity to care for some of themost vulnerable people of humanity. The process includes a detailed application, areview of key financial records, and an on-site visit that we believe is an integralpiece in understanding the nature of the program. Prior to sending a grant, ThirdLadder establishes an annual Memorandum of Understanding with each recipient thatdetails the use of funds and reporting to affirm responsible giving for every donorand organization. Monitoring and reporting include monthly progress reports, quarterlyfinancial reports, a third-party audit, and periodic site visits by Third Ladder.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Use of grant monitoring procedures (Part I, line 2)
IRS990ScheduleF/TotalSpentAmt0190157
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is provided to all Board members, discussed at a Board meeting, and voted upon for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors has adopted, and periodically reviews, a Conflict of Interest Policy to protect the Corporations interest when it is contemplating any transaction or arrangement which may benefit any Director, officer, employee, affiliate, or member of a committee with Board-delegated powers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviewed the title and responsibility for each position, and conducted market research to determine the appropriate compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors reviewed the job title and responsibility for each position, and conducted market research to determine an appropriate compensation amount.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, conflict of interest policy, and financial statements are available for inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Part III - Line 2 - Aria initiative: Third Ladder has expanded its humanitarian efforts by facilitating support for human needs through managed domestic direct program services. A small team of Board-certified therapists provide therapeutic services to address the physical, emotional and mental impact of trauma to meet goals for physical, cognitive, and emotional healing consistent with our core mission. Donors can choose to support this program alongside our other vetted programs to provide a restorative response to human suffering, giving intentionally and responsibly to vetted programs subject to our robust evaluation process and reporting system.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Part I Summary - Organizations mission (cont). international humanitarian program services and through direct program services domestically to bring healing where we live. Our process enables donors to be involved and intentional in their giving to create maximum impact for a wide reach of human need.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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IRS990/TotalOtherProgSrvcRevenueAmt026196
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Cardner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum08038680090
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Third Ladder Inc
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Janet B Duncan CPA PLLC
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-17
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ReturnHeader/ReturnTs02024-04-17T18:42:40-04:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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