Civic Intelligence

Kortright Kares Foundation 7 Inc.

990EZ • Fiscal year 2023 • EIN 86-3920921

Jan 01, 2023 to Dec 31, 2023 • Filed on May 30, 2024

Organization ProfileWWW.KORTRIGHTKARES.ORG
2 Howthorne AveEast Islip, NY 11730

(631) 835-5222

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

2023 filings • NTEE B80 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.00x

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

2023 filings • NTEE B80 • <$500k nonprofits • Source year 2023

Net Margin

15th percentile

-28%

Higher net margin than 15% of similar nonprofits.

2023 filings • NTEE B80 • <$500k nonprofits • Source year 2023

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.

2023 filings • NTEE B80 • <$500k nonprofits • Source year 2023

Asset Growth

12th percentile

-58%

Faster asset growth than 12% of similar nonprofits.

2023 filings • NTEE B80 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-30%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • NTEE B80 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$11,149

Down $15,312 (-58%) from 2022

Net Assets

Down

$11,149

Down $15,312 (-58%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin15th percentile

Revenue

Down

$55,099

Down $23,357 (-30%) from 2022

Expenses

Up

$70,411

Up $14,565 (+26%) from 2022

Net Income

Down

-$15,312

Down $37,922 (-168%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$30K$20K$10K$0Assets 2021: $3,851Liabilities 2021: $0Net Assets 2021: $3,8512021Assets 2022: $26,461Liabilities 2022: $0Net Assets 2022: $26,4612022Assets 2023: $11,149Liabilities 2023: $0Net Assets 2023: $11,1492023Assets 2024: $4,625Liabilities 2024: $0Net Assets 2024: $4,6252024

Highlighted filing

2023

Assets$11,149
Liabilities$0
Net Assets$11,149
Open 2023 Filing

Operations Trend

Revenue Growth24th percentile

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

$100K$50K$0-$50KRevenue 2021: $12,280Expenses 2021: $8,429Net Income 2021: $3,8512021Revenue 2022: $78,456Expenses 2022: $55,846Net Income 2022: $22,6102022Revenue 2023: $55,099Expenses 2023: $70,411Net Income 2023: -$15,3122023Revenue 2024: $66,214Expenses 2024: $72,738Net Income 2024: -$6,5242024

Highlighted filing

2023

Revenue$55,099
Expenses$70,411
Net Income-$15,312
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 30, 2024
Return Version
2023v5.0
Gross Receipts
$55,099
Mission and Program Overview

Mission

Raise funds for local charitable orgninzations with non-exclusive emphasis onunderprivelaged student athletes.

Program Services

DescriptionGrantsExpenses
SPONSORED 12 YEAR OLD BASEBALL TEAM$0$70,411
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SEAN MONTALVODirectorPT$0--
KEN KORTRIGHTPresidentPT$0--
MONICA KORTRIGHTChief Financial OfficerPT$0--
Filing and Contact Details

Filer

Filer Name
Kortright Kares Foundation
EIN
86-3920921
Phone
6318355222
Address
2 HOWTHORNE AVE, EAST ISLIP, NY 11730

Signing Officer

Name
Ken Kortright
Title
President
Phone
6318355222
Signed
2024-05-30
Discuss with paid preparer
Yes

Preparer

Firm
Dawson & Virk Advisors LLC
Address
25 NEWBRIDGE ROAD, HICKSVILLE, NY 11801
Preparer
Walter Dawson CPA
Phone
5169132020
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: awards and grants. Grantee name: multiple. Amount given: 35,792.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank charges. Amount: 150. Description: insurance expenses. Amount: 1,488. Description: payroll expenses. Amount: 22,851. Description: payroll tax. Amount: 4,088. Description: dues & subscriptions. Amount: 1,774. Total to form 990-ez, line 16: 30,351.”

Raw XML Appendix137 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KEN KORTHRIGHT
IRS990EZ/BooksInCareOfDetail/PhoneNum06318355222
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02 HOWTHORNE AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0EAST ISLIP
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011730
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt026461
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011149
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt055099
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-15312
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02700
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt026461
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011149
IRS990EZ/GrantsAndSimilarAmountsPaidAmt035792
IRS990EZ/GrossReceiptsAmt055099
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt026461
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011149
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt026461
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011149
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SEAN MONTALVO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KEN KORTRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MONICA KORTRIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2CHIEF FINANCIAL OFFICER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt030351
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0RAISE FUNDS FOR LOCAL CHARITABLE ORGNINZATIONS WITH NON-EXCLUSIVE EMPHASIS ONUNDERPRIVELAGED STUDENT ATHLETES.
IRS990EZ/PrintingPublicationsPostageAmt01568
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0SPONSORED 12 YEAR OLD BASEBALL TEAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt070411
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt070411
IRS990EZ/TotalProgramServiceExpensesAmt070411
IRS990EZ/TotalRevenueAmt055099
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0WWW.KORTRIGHTKARES.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt078456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt012280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0145834
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0145834
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt055098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt078456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt012280
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0145834
IRS990ScheduleA/TotalSupportAmt0145834
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: AWARDS AND GRANTS. GRANTEE NAME: MULTIPLE. AMOUNT GIVEN: 35,792.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BANK CHARGES. AMOUNT: 150. DESCRIPTION: INSURANCE EXPENSES. AMOUNT: 1,488. DESCRIPTION: PAYROLL EXPENSES. AMOUNT: 22,851. DESCRIPTION: PAYROLL TAX. AMOUNT: 4,088. DESCRIPTION: DUES & SUBSCRIPTIONS. AMOUNT: 1,774. TOTAL TO FORM 990-EZ, LINE 16: 30,351.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN KORTRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06318355222
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KORTRIGHT KARES FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0KORT
ReturnHeader/Filer/EIN0863920921
ReturnHeader/Filer/PhoneNum06318355222
ReturnHeader/Filer/USAddress/AddressLine1Txt02 HOWTHORNE AVE
ReturnHeader/Filer/USAddress/CityNm0EAST ISLIP
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011730
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0853498240
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAWSON & VIRK ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt025 NEWBRIDGE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HICKSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011801
ReturnHeader/PreparerPersonGrp/PhoneNum05169132020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WALTER DAWSON CPA
ReturnHeader/ReturnTs02024-05-30T13:38:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KORTRIGHT
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,149
Liabilities
$0
Net assets
$11,149
Revenue
$55,099
Expenses
$70,411
Net income
-$15,312
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.63$0.00$4.63$66.2$72.7$6.52
2023Detailed filing. Detailed filing data is available for this year.$11.1$0.00$11.1$55.1$70.4$15.3
2022Detailed filing. Detailed filing data is available for this year.$26.5$0.00$26.5$78.5$55.8$22.6
2021Detailed filing. Detailed filing data is available for this year.$3.85$0.00$3.85$12.3$8.43$3.85