Civic Intelligence

First Rate Foundation Inc.

990EZ • Fiscal year 2023 • EIN 87-1380673

Jan 01, 2023 to Dec 31, 2023 • Filed on May 02, 2024

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

58th percentile

0.00x

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

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

Liabilities / Revenue

59th percentile

0.00x

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

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

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

87th percentile

59%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$82,360

Up $30,564 (+59%) from 2022

Net Assets

Up

$82,360

Up $30,564 (+59%) from 2022

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin63rd percentile

Revenue

Down

$92,429

Down $15,546 (-14%) from 2022

Expenses

Up

$81,981

Up $4,198 (+5.4%) from 2022

Net Income

Down

$10,448

Down $19,744 (-65%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$200K$150K$100K$50K$0Assets 2021: $29,358Net Assets 2021: $29,3582021Assets 2022: $51,796Net Assets 2022: $51,7962022Assets 2023: $82,360Liabilities 2023: $0Net Assets 2023: $82,3602023Assets 2024: $179,653Net Assets 2024: $179,6532024

Highlighted filing

2023

Assets$82,360
Liabilities$0
Net Assets$82,360
Open 2023 Filing

Operations Trend

Revenue Growth29th percentile

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 2023: $92,429Expenses 2023: $81,981Net Income 2023: $10,4482023Revenue 2024: $86,989Expenses 2024: $37,036Net Income 2024: $49,9532024

Highlighted filing

2023

Revenue$92,429
Expenses$81,981
Net Income$10,448
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 2, 2024
Return Version
2023v5.0
Gross Receipts
$92,429
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.-$81,840
Compensation and Service Providers
Top Officer Pay78th 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
Phone
9072721421
Address
3150 C STREET SUITE 150, ANCHORAGE, AK 99503

Signing Officer

Name
Justin Harris
Title
Treasurer
Phone
9072721421
Signed
2024-05-02
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 bank charges & fees 141 donations (expense) 79,075 total 79,216”

Form 990-ez, Part I, Line 20

“Unrealized investment income 20,116”

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 Appendix128 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/PersonNm0RULIEN 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/BOYAmt051796
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt082360
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt091518
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt010448
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02765
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt051796
IRS990EZ/Form990TotalAssetsGrp/EOYAmt082360
IRS990EZ/GrossReceiptsAmt092429
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0911
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt051796
IRS990EZ/NetAssetsOrFundBalancesEOYAmt082360
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt051796
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt082360
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/OtherChangesInNetAssetsAmt020116
IRS990EZ/OtherExpensesTotalAmt079216
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/ProgramServiceExpensesAmt081840
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt081981
IRS990EZ/TotalProgramServiceExpensesAmt081840
IRS990EZ/TotalRevenueAmt092429
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt091518
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107684
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt040026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0239228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01133
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0240361
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt092429
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0107890
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt040042
IRS990ScheduleA/Total509Grp/TotalAmt0240361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt092429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0107890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt040042
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0240361
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK CHARGES & FEES 141 DONATIONS (EXPENSE) 79,075 TOTAL 79,216
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNREALIZED INVESTMENT INCOME 20,116
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/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09072721421
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FIRST RATE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0871380673
ReturnHeader/Filer/PhoneNum09072721421
ReturnHeader/Filer/USAddress/AddressLine1Txt03150 C STREET SUITE 150
ReturnHeader/Filer/USAddress/CityNm0ANCHORAGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AK
ReturnHeader/Filer/USAddress/ZIPCd099503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02024-04-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KATELYN M SENN
ReturnHeader/ReturnTs02024-08-28T18:14:36-04:00
ReturnHeader/ReturnTypeCd0990EZ
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
$82,360
Liabilities
$0
Net assets
$82,360
Revenue
$92,429
Expenses
$81,981
Net income
$10,448
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
2023Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.92$0.82$0.10
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$0.29$0.40$0.11$0.29