Civic Intelligence

First Rate Foundation Inc.

990EZ • Fiscal year 2021 • EIN 87-1380673

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 30, 2022

Organization ProfileN/A
3150 C Street Suite 150Anchorage, AK 99503

(907) 272-1421

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

93rd percentile

72%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% 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

$29,358

No earlier filing loaded for comparison.

Net Assets

$29,358

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

$40,042

No earlier filing loaded for comparison.

Expenses

$11,150

No earlier filing loaded for comparison.

Net Income

$28,892

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.

$200K$150K$100K$50K$0Assets 2021: $29,358Liabilities 2021: $0Net Assets 2021: $29,3582021Assets 2022: $51,796Net Assets 2022: $51,7962022Assets 2024: $179,653Net Assets 2024: $179,6532024

Highlighted filing

2021

Assets$29,358
Liabilities$0
Net Assets$29,358
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150K$100K$50K$0Revenue 2021: $40,042Expenses 2021: $11,150Net Income 2021: $28,8922021Revenue 2022: $107,975Expenses 2022: $77,783Net Income 2022: $30,1922022Revenue 2024: $86,989Expenses 2024: $37,036Net Income 2024: $49,9532024

Highlighted filing

2021

Revenue$40,042
Expenses$11,150
Net Income$28,892
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 30, 2022
Return Version
2021v4.0
Gross Receipts
$40,042
Mission and Program Overview

Mission

Provide funding for the need of people in our community who are directly tied to first rate and that we can have a significant impact on

To have a positive impact on the community and the people we serve our team members, referral partners, and clients.

Program Services

DescriptionGrantsExpenses
PROVIDE FUNDING FOR THE NEEDS OF PEOPLE IN OUR COMMUNITY WHO ARE DIRECTLY TIED TO FIRST RATE AND THAT WE CAN HAVE A SIGNIFICANT IMPACT ON.-$11,150
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JASON WOOTENPresident-$0--
JUSTIN HARRISTreasurer-$0--
ADAM HEAFNERVice Preside-$0--
Filing and Contact Details

Filer

Filer Name
First Rate Foundation Inc
EIN
87-1380673
Address
3150 C STREET SUITE 150, ANCHORAGE, AK 99503

Signing Officer

Name
Justin Harris
Title
Treasurer
Signed
2022-04-30
Discuss with paid preparer
Yes

Preparer

Firm
Rulien Associates LLC
Address
241 N C STREET, ANCHORAGE, AK 99501
Preparer
Katelyn M Senn
Phone
9072721421
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising 297 office expenses 2,992 donations to individuals 1,500 gifts 2,579 clothing 898 meals 765 total 9,031”

Form 990-ez, Part I, Line 20

“Investment in bitwise 10 crypto index fund 1,527 other decreases -1,061”

Form 990-ez, Part III

“To have a positive impact on the community and the people we serve our team members, referral partners, and clients.”

Raw XML Appendix125 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RULIEN ASSOCIATES
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0RULIEN ASSOCIATES LLC
IRS990EZ/BooksInCareOfDetail/PhoneNum09072721421
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0241 N C STREET
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0241 N C STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ANCHORAGE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AK
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd099501
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt029358
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt040026
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt028892
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02119
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt029358
IRS990EZ/GrossReceiptsAmt040042
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/InvestmentIncomeAmt016
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt029358
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt029358
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JASON WOOTEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JUSTIN HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ADAM HEAFNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0466
IRS990EZ/OtherExpensesTotalAmt09031
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO HAVE A POSITIVE IMPACT ON THE COMMUNITY AND THE PEOPLE WE SERVE OUR TEAM MEMBERS, REFERRAL PARTNERS, AND CLIENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE FUNDING FOR THE NEEDS OF PEOPLE IN OUR COMMUNITY WHO ARE DIRECTLY TIED TO FIRST RATE AND THAT WE CAN HAVE A SIGNIFICANT IMPACT ON.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt011150
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt011150
IRS990EZ/TotalProgramServiceExpensesAmt011150
IRS990EZ/TotalRevenueAmt040042
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt040026
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt016
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt040042
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040042
IRS990ScheduleA/Total509Grp/TotalAmt040042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt040042
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt040042
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 297 OFFICE EXPENSES 2,992 DONATIONS TO INDIVIDUALS 1,500 GIFTS 2,579 CLOTHING 898 MEALS 765 TOTAL 9,031
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVESTMENT IN BITWISE 10 CRYPTO INDEX FUND 1,527 OTHER DECREASES -1,061
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO HAVE A POSITIVE IMPACT ON THE COMMUNITY AND THE PEOPLE WE SERVE OUR TEAM MEMBERS, REFERRAL PARTNERS, AND CLIENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST RATE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0871380673
ReturnHeader/Filer/USAddress/AddressLine1Txt03150 C STREET SUITE 150
ReturnHeader/Filer/USAddress/CityNm0ANCHORAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099503
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0920168476
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RULIEN ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0241 N C STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANCHORAGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd099501
ReturnHeader/PreparerPersonGrp/PhoneNum09072721421
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATELYN M SENN
ReturnHeader/ReturnTs02022-05-03T15:03:07-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JUSTIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARRIS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$29,358
Liabilities
$0
Net assets
$29,358
Revenue
$40,042
Expenses
$11,150
Net income
$28,892
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$1.80$0.87$0.37$0.50
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.52$1.08$0.78$0.30
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.40$0.11$0.29