Civic Intelligence

Generosity Foundation

990 • Fiscal year 2023 • EIN 87-3810191

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

Organization ProfileN/A
2833 Lincolnshire DrRichardson, TX 75082

(415) 244-9109

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

88th percentile

43%

Higher net margin than 88% 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

96th percentile

214%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

93rd percentile

152%

Faster revenue growth than 93% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$183,238

Up $124,845 (+214%) from 2022

Net Assets

Up

$183,238

Up $124,845 (+214%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin88th percentile

Revenue

Up

$287,791

Up $173,603 (+152%) from 2022

Expenses

Up

$162,946

Up $107,151 (+192%) from 2022

Net Income

Up

$124,845

Up $66,452 (+114%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$200K$150K$100K$50K$0Assets 2022: $58,393Liabilities 2022: $0Net Assets 2022: $58,3932022Assets 2023: $183,238Liabilities 2023: $0Net Assets 2023: $183,2382023Assets 2024: $180,184Liabilities 2024: $0Net Assets 2024: $180,1842024

Highlighted filing

2023

Assets$183,238
Liabilities$0
Net Assets$183,238
Open 2023 Filing

Operations Trend

Revenue Growth93rd percentile

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

$300K$200K$100K$0-$100KRevenue 2022: $114,188Expenses 2022: $55,795Net Income 2022: $58,3932022Revenue 2023: $287,791Expenses 2023: $162,946Net Income 2023: $124,8452023Revenue 2024: $289,187Expenses 2024: $292,241Net Income 2024: -$3,0542024

Highlighted filing

2023

Revenue$287,791
Expenses$162,946
Net Income$124,845
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.0
Gross Receipts
$287,791
Mission and Program Overview

Mission

The organization's mission is to award scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,393$183,238▲ $124,845
Total Assets$58,393$183,238▲ $124,845
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,393$183,238▲ $124,845
Total Net Assets Fund Balance$58,393$183,238▲ $124,845
Total Liabilities and Net Assets / Fund Balance$58,393$183,238▲ $124,845
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Engin KapitPresident
Ibrahim KocamanBoard Member
Ahmet SaglamSecretary
Fatih CelenayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$287,791
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$287,791
Change in Net Assets
$124,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$161,442
Other Expenses$1,504
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$161,442--$161,442
Fees for Services Accounting$1,145--$1,145
Fees for Services Other$359--$359
Total Functional Expenses$162,946$0$0$162,946
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Generosity Foundation
EIN
87-3810191
Address
2833 LINCOLNSHIRE DR, RICHARDSON, TX 75082

Signing Officer

Name
Fatih Celenay
Title
Treasurer
Phone
4152449109
Signed
2024-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fatih Celenay
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Andy D Plagens LLC
Address
5151 BELT LINE ROAD SUITE 1225, DALLAS, TX 75254
Preparer
Andy D Plagens
Phone
9726200961
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“OPERATING EXPENSES”

Raw XML Appendix235 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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IRS990/CYOtherRevenueAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0161442
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0161442
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0161442
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0287791
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FATIH CELENAY
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATING EXPENSES
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0359
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/ReconcilationRevenueExpnssAmt0124845
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0287791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0114188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0401979
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0287791
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0161442
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IRS990/ScheduleJRequiredInd0false
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTypeCd0990
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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 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$183,238
Liabilities
$0
Net assets
$183,238
Revenue
$287,791
Expenses
$162,946
Net income
$124,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$2.89$2.92$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$2.88$1.63$1.25
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$1.14$0.56$0.58