Civic Intelligence

Fortune Tower Foundation

990PF • Fiscal year 2021 • EIN 87-3094141

Oct 13, 2021 to Dec 31, 2021 • Filed on Sep 08, 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

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2021 filings • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • $1M-$5M 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 / Assets31st percentile

Assets

$1,228,050

No earlier filing loaded for comparison.

Net Assets

$1,228,050

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin99th percentile

Revenue

$1,234,550

No earlier filing loaded for comparison.

Expenses

$6,500

No earlier filing loaded for comparison.

Net Income

$1,228,050

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.

$1.5M$1.0M$500K$0Assets 2021: $1,228,050Liabilities 2021: $0Net Assets 2021: $1,228,0502021Assets 2022: $1,216,713Liabilities 2022: $1Net Assets 2022: $1,216,7132022Assets 2023: $1,167,094Liabilities 2023: $1Net Assets 2023: $1,167,0942023Assets 2024: $1,140,881Liabilities 2024: $0Net Assets 2024: $1,140,8812024

Highlighted filing

2021

Assets$1,228,050
Liabilities$0
Net Assets$1,228,050
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,234,550Expenses 2021: $6,500Net Income 2021: $1,228,0502021Revenue 2022: $7,987Expenses 2022: $19,324Net Income 2022: -$11,3372022Revenue 2023: -$20,676Expenses 2023: $28,943Net Income 2023: -$49,6192023Revenue 2024: $13,673Expenses 2024: $39,886Net Income 2024: -$26,2132024

Highlighted filing

2021

Revenue$1,234,550
Expenses$6,500
Net Income$1,228,050
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 13, 2021 to Dec 31, 2021
Signed
Sep 8, 2022
Return Version
2021v4.2
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paula CanoDir, Pres, Sec, Treas-$0--
Rafael MojicaVP-$0--
Filing and Contact Details

Filer

Filer Name
Fortune Tower Foundation
EIN
87-3094141
In Care Of
% Foundation Source
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
Paula Cano
Title
President
Phone
8008391754
Signed
2022-09-08
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 Appendix299 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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IRS990ScheduleB/NonCashPropertyContributionGrp/NoncashPropertyDesc0DIGITALOCEAN HOLDINGS INC DOCN, 15000 sh.
IRS990ScheduleB/NonCashPropertyContributionGrp/ReceivedDt02021-12-22
IRS990ScheduleB/Organization501c3ExemptPFInd0X
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Set-Up Fee
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Delaware Incorporation Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2IRS Application Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05400
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2600
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05400
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1500
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2600
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Cano Paula
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Mojica Rafael
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt01 City Point 66A
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt11 City Point 66A
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0Brooklyn
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1Brooklyn
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd011201
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd111201
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA CANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fortune Tower Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0873094141
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/ReturnTs02022-09-15T14:54:11-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PAULA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CANO
ReturnHeader/TaxPeriodBeginDt02021-10-13
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,228,050
Liabilities
$0
Net assets
$1,228,050
Revenue
$1,234,550
Expenses
$6,500
Net income
$1,228,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.01$0.04$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.02$0.03$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.01$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$1.23$0.01$1.23