Civic Intelligence

Michael S Shapiro Foundation

990PF • Fiscal year 2022 • EIN 88-1228595

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2024

Organization Profile
3664 Via Fatina AvenueHenderson, NV 89052

(725) 202-3634

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.00x

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

2022 filings • $1M-$5M nonprofits • Source year 2022

Net Margin

96th percentile

94%

Higher net margin than 96% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • $1M-$5M nonprofits • Source year 2022

Asset Growth

49th percentile

-0.4%

Faster asset growth than 49% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-76%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$4,551,804

Down $16,519 (-0.4%) from 2021

Net Assets

Down

$4,551,804

Down $16,519 (-0.4%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin96th percentile

Revenue

Down

$630,194

Down $1,996,514 (-76%) from 2021

Expenses

Up

$36,511

Up $36,511 from 2021

Net Income

Down

$593,683

Down $2,033,025 (-77%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$6.0M$4.0M$2.0M$0Assets 2021: $4,568,323Liabilities 2021: $0Net Assets 2021: $4,568,3232021Assets 2022: $4,551,804Liabilities 2022: $0Net Assets 2022: $4,551,8042022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$4,551,804
Liabilities$0
Net Assets$4,551,804
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

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

$5.0M$0-$5.0MRevenue 2021: $2,626,708Expenses 2021: $0Net Income 2021: $2,626,7082021Revenue 2022: $630,194Expenses 2022: $36,511Net Income 2022: $593,6832022Revenue 2023: $90,889Expenses 2023: $4,642,693Net Income 2023: -$4,551,8042023

Highlighted filing

2022

Revenue$630,194
Expenses$36,511
Net Income$593,683
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2024
Return Version
2022v5.0
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD M HORWOODCo-President/Director-$0--
TERI E NEWMANSecretary/Director-$0--
CHERYL S KREITERCo-President/Treasurer/Director-$0--
Filing and Contact Details

Filer

Filer Name
Michael S Shapiro Foundation
EIN
88-1228595
Phone
7252023634
Address
3664 VIA FATINA AVENUE, HENDERSON, NV 89052

Signing Officer

Name
Richard M Horwood
Title
Secretary
Phone
7252023634
Signed
2024-05-10
Discuss with paid preparer
Yes

Preparer

Firm
Ten Group LLC
Address
450 SILVERADO RANCH BLVD 120 174, LAS VEGAS, NV 89183
Preparer
Teri E Newman CPA
Phone
7252023634
Raw XML Appendix279 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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OtherDecreasesSchedule/OtherDecreasesDetail/Amt0610202
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0TAX BASIS ADJUSTMENT
ReasonableCauseExplanation/ExplanationTxt0THE TAXPAYER REQUESTS AN ABATEMENT OF THE PENALTY DUE TO EXTENUATING CIRCUMSTANCES. THE FORM 990- PF, RETURN OF PRIVATE FOUNDATION WAS INCORPORATED ON DECEMBER 29, 2021 PURSUANT TO EXERCISE OF POWERS FROM THE WILL OF NORTON SHAPIRO (DECEASED). THE AMOUNT REQUIRED TO BE FUNDED WAS DETERMINED BASED ON THE VALUE OF THE DECEDENT'S ESTATE. THE DECEDENT'S ESTATE INCLUDED PERSONAL ASSETS, THIRTY-THREE (33) TRUSTS AND SIX (6) PARTNERSHIPS. VALUING THE ASSETS WAS EXTREMELY COMPLICATED DUE TO OVER 40 OUTSIDE INVESTMENTS AND 15 BROKERAGE ACCOUNTS. THE CALCULATION ALSO INCLUDED VALUING THE ASSETS AT DATE OF DEATH AND DECEMBER 31, 2021 WHICH FURTHER COMPLICATED THE PROCESS. THE TAXPAYER'S TRUSTEE AND EXECUTOR WAS UNABLE TO PROVIDE THE REQUIRED INFORMATION IN A TIMELY MANNER WHICH RESULTED IN THE LATE FILING.THE ENTITY IS A PRIVATE FOUNDATION WHOSE SOLE PURPOSE IS TO MAKE CHARITABLE CONTRIBUTIONS TO CHARITIES. THE PENALTY THE IRS COULD CHARGE WOULD RESULT IN A SUBSTANTIAL NEGATIVE EFFECT ON THE TAXPAYER'S ABILITY TO MAKE THE CHARITABLE CONTRIBUTIONS. THE RESULT WOULD NEGATIVELY IMPACT FUNDS DONATED TO THE HOMELESS, THE SICK, THE HUNGRY, PETS AND OTHER DESERVING CHARITIES. THE TAXPAYER FILED THE INITIAL RETURN, IS NOW FILING THE SECOND YEAR (2022) RETURN AND WILL BE FILING A FINAL 2023 RETURN.ACCORDING TO IRS RELEASE IL-2023-06, FOLLOWING THE DISASTER DECLARATION ISSUED BY FEMA, TAX FILING DEADLINES WERE EXTENDED TO FEBRUARY 15, 2024. THE CO-PRESIDENTS AND TREASURER ARE BOTH WORK AND RESIIDE IN COOK COUNTY AND WERE AFFECTED BY THE DISASTER. THE TAXPAYER UNDERSTANDS UNDERSTANDS THE RETURN IS BEING FILED TWO AND ONE HALF MONTHS AFTER THIS EXTENSION EXPIRED AND IS SEEKING ADDITIONAL PENALTY RELIEF BASED ON THE THE COMPLICATED COMPLICATED ESTATE CALCULATION AND HEALTH ISSUES OF THE CO-PRESIDENT THAT FURTHER DELAYED THE ABILITY TO FILE.FURTHERMORE, THE FOUNDATION TRANSFERRED ALL ASSETS TO A DONOR ADVISED FUND IN 2023, THEREFORE, THE FOUNDATION RELINQUISHED CONTROL OF ALL FUNDS CONTRIBUTED TO THE FOUNDATION UPON TRANSFER TO THE DONOR ADVISED FUND AND HAS NO REMAINING ASSETS.
TaxesSchedule/TaxesDetail/Amt036511
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL TAXES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD M HORWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07252023634
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHAEL S SHAPIRO FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0881228595
ReturnHeader/Filer/PhoneNum07252023634
ReturnHeader/Filer/USAddress/AddressLine1Txt03664 VIA FATINA AVENUE
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089052
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0830868777
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TEN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 SILVERADO RANCH BLVD 120 174
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089183
ReturnHeader/PreparerPersonGrp/PhoneNum07252023634
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TERI E NEWMAN CPA
ReturnHeader/ReturnTs02024-05-10T01:51:42-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HORWOOD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,551,804
Liabilities
$0
Net assets
$4,551,804
Revenue
$630,194
Expenses
$36,511
Net income
$593,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.09$4.64$4.55
2022Detailed filing. Detailed filing data is available for this year.$4.55$0.00$4.55$0.63$0.04$0.59
2021Detailed filing. Detailed filing data is available for this year.$4.57$0.00$4.57$2.63$0.00$2.63