Civic Intelligence

Pfrankmd Heals Foundation

990PF • Fiscal year 2021 • EIN 87-2470785

Aug 19, 2021 to Dec 31, 2021 • Filed on May 01, 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

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

Net Margin

94th percentile

80%

Higher net margin than 94% of similar nonprofits.

2021 filings • <$500k nonprofits • Source year 2021

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.

2021 filings • <$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 / Assets58th percentile

Assets

$248,122

No earlier filing loaded for comparison.

Net Assets

$248,122

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin94th percentile

Revenue

$311,146

No earlier filing loaded for comparison.

Expenses

$63,024

No earlier filing loaded for comparison.

Net Income

$248,122

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.

$300K$200K$100K$0Assets 2021: $248,122Liabilities 2021: $0Net Assets 2021: $248,1222021Assets 2022: $282,016Liabilities 2022: $1Net Assets 2022: $282,0162022Assets 2023: $83,908Liabilities 2023: $1Net Assets 2023: $83,9082023Assets 2024: $14,088Liabilities 2024: $0Net Assets 2024: $14,0882024

Highlighted filing

2021

Assets$248,122
Liabilities$0
Net Assets$248,122
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$200K$0-$200KRevenue 2021: $311,146Expenses 2021: $63,024Net Income 2021: $248,1222021Revenue 2022: $151,586Expenses 2022: $117,692Net Income 2022: $33,8942022Revenue 2023: $43,497Expenses 2023: $241,605Net Income 2023: -$198,1082023Revenue 2024: $996Expenses 2024: $70,816Net Income 2024: -$69,8202024

Highlighted filing

2021

Revenue$311,146
Expenses$63,024
Net Income$248,122
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 19, 2021 to Dec 31, 2021
Signed
May 1, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul Jarrod FrankDir, Pres, Sec, Treas-$0--
Filing and Contact Details

Filer

Filer Name
PFRANKMD Heals Foundation
EIN
87-2470785
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Paul Frank
Title
President
Phone
8008391754
Signed
2022-05-01
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 Appendix311 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
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc0PART I LINE 25 AND PART XIV LINE 3A:
GeneralExplanationAttachment/GeneralExplanationGrp/FormAndLineReferenceDesc1FORM 990-PF, PARTS I AND XIV:
GeneralExplanationAttachment/GeneralExplanationGrp/IdentifierTxt0IN-KIND GRANTS
GeneralExplanationAttachment/GeneralExplanationGrp/IdentifierTxt1IN-KIND GRANTS
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt0DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING VALUE OF THANKSGIVING GIFT BASKETS: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $3,055 TOTAL BOOK VALUE OF PROPERTY: $3,055 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $3,055 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $- DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: THANKSGIVING GIFT BASKETS UNITS: 24 DATE OF DISTRIBUTION: 11/24/2021 GRANT RECIPIENT: MOST HOLY TRINITY CHURCH FMV OF PROPERTY: $3,055 BOOK VALUE OF PROPERTY: $3,055 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $3,055
GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt1FORM 990-PF, PARTS I AND XIV: TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $56,055 Less amount counted as a qualifying distribution on Part XI, Line 2a: $3,055 TOTAL Part I, Line 25, Column (d): $53,000
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt02760
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt02760
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt060264
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt060264
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02017
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt063024
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt060264
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt060264
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Paul Jarrod Frank
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt01212 5th Ave 6A
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0New York
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd010029
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0310000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
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 $56,055. 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/DisbursementsCharitablePrpsAmt0469
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt15400
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3600
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0469
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt15400
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3600
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Paul Jarrod Frank
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Diana Frank
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt01212 5th Ave 6A
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt11212 5th Ave 6A
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0New York
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1New York
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd010029
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd110029
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL FRANK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PFRANKMD Heals Foundation
ReturnHeader/Filer/BusinessNameControlTxt0PFRA
ReturnHeader/Filer/EIN0872470785
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/ReturnTs02022-05-11T15:18:18-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAUL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FRANK
ReturnHeader/TaxPeriodBeginDt02021-08-19
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
$248,122
Liabilities
$0
Net assets
$248,122
Revenue
$311,146
Expenses
$63,024
Net income
$248,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.01$0.71$0.70
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.43$2.42$1.98
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$1.52$1.18$0.34
2021Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$3.11$0.63$2.48