Civic Intelligence

The Virgil Abloh Foundation

990PF • Fiscal year 2023 • EIN 88-2495014

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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

47th percentile

0.00x

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

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

47th percentile

0.00x

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

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Net Margin

36th percentile

-2.3%

Higher net margin than 36% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2023 filings • NTEE T30 • $1M-$5M nonprofits • Source year 2023

Asset Growth

44th percentile

-0.4%

Faster asset growth than 44% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-82%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • NTEE T30 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets47th percentile

Assets

Down

$4,907,850

Down $20,928 (-0.4%) from 2022

Net Assets

Down

$4,907,850

Down $20,928 (-0.4%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin36th percentile

Revenue

Down

$925,321

Down $4,098,543 (-82%) from 2022

Expenses

Up

$946,249

Up $851,163 (+895%) from 2022

Net Income

Down

-$20,928

Down $4,949,706 (-100%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$6.0M$4.0M$2.0M$0Assets 2022: $4,928,778Liabilities 2022: $0Net Assets 2022: $4,928,7782022Assets 2023: $4,907,850Liabilities 2023: $0Net Assets 2023: $4,907,8502023Assets 2024: $3,449,524Liabilities 2024: $0Net Assets 2024: $3,449,5242024

Highlighted filing

2023

Assets$4,907,850
Liabilities$0
Net Assets$4,907,850
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $5,023,864Expenses 2022: $95,086Net Income 2022: $4,928,7782022Revenue 2023: $925,321Expenses 2023: $946,249Net Income 2023: -$20,9282023Revenue 2024: $225,540Expenses 2024: $1,693,004Net Income 2024: -$1,467,4642024

Highlighted filing

2023

Revenue$925,321
Expenses$946,249
Net Income-$20,928
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon AblohDir, Pres-$0--
Howard FellerDir, Sec-$0--
Anton PamerDir, Treas-$0--
Filing and Contact Details

Filer

Filer Name
Virgil Abloh Foundation
EIN
88-2495014
In Care Of
% Jay P Tarshis
Phone
8008391754
Address
Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377

Signing Officer

Name
shannon abloh
Title
president
Phone
8008391754
Signed
2024-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Foundation Source
Address
3333 New Hyde Park Rd Ste 406, New Hyde Park, NY 11042
Preparer
Jeffrey D Haskell
Phone
8008391754
Raw XML Appendix347 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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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd210036
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0222501
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/AppliedToCurrentYearAmt0235816
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt0235816
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt026978
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt0733879
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0706901
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt026978
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02021
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02019
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0942717
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0706901
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt0733879
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt026978
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorNum12
IRS990ScheduleB/ContributorInformationGrp/ContributorNum23
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0Abloh Shannon
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm1Grubman Robert E
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm2Time is the Only Luxury LLC
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt0445 Hamilton Ave 700
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt11001 Avenue of the Americas 2nd fl
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt2445 Hamilton Ave 700
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0White Plains
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm1New York City
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm2White Plains
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd1NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd2NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd010601
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd110018
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd210601
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd1X
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd2X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0228000
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt1222500
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt2241000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0Document Review/Drafting
LegalFeesSchedule/LegalFeesGrp/CategoryTxt1Foundation Formation/1023 Prep
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt03529
LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt13050
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt03529
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt13050
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0Administrative Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1Indemnification Insurance
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2Office Supplies
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3Postage/Delivery Service
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4State or Local Filing Fees
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt020542
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt11972
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2187
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt326
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt415
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt020542
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt11972
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2187
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt326
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt415
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt0250
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt160000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt2604048
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt310750
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0Administration of Foundation
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt1PHILANTHROPIC CONSULTING SRVCS
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt2PHILANTHROPIC SUMMIT EXP
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt3Website Development
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt0250
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt160000
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt2604048
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt310750
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm0Grubman Robert E
SubstantialContributorsSch/SubstantialContributorDetail/PersonNm1Time is the Only Luxury LLC
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt01001 Avenue of the Americas 2nd fl
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/AddressLine1Txt1445 Hamilton Ave 700
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm0New York City
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/CityNm1White Plains
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd0NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/StateAbbreviationCd1NY
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd010018
SubstantialContributorsSch/SubstantialContributorDetail/USAddress/ZIPCd110601
TaxesSchedule/TaxesDetail/Amt03200
TaxesSchedule/TaxesDetail/Amt1332
TaxesSchedule/TaxesDetail/CategoryTxt0990-PF Estimated Tax for 2023
TaxesSchedule/TaxesDetail/CategoryTxt1990-PF Excise Tax for 2022
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0shannon abloh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum08008391754
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Virgil Abloh Foundation
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0882495014
ReturnHeader/Filer/InCareOfNm0% Jay P Tarshis
ReturnHeader/Filer/PhoneNum08008391754
ReturnHeader/Filer/USAddress/AddressLine1Txt0Foundation Source 501 Silverside Rd
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd0198091377
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Source
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03333 New Hyde Park Rd Ste 406
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Hyde Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011042
ReturnHeader/PreparerPersonGrp/PhoneNum08008391754
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey D Haskell
ReturnHeader/ReturnTs02024-05-15T16:19:20-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0shannon
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0abloh
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 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,907,850
Liabilities
$0
Net assets
$4,907,850
Revenue
$925,321
Expenses
$946,249
Net income
-$20,928
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.45$0.00$3.45$0.23$1.69$1.47
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.00$4.91$0.93$0.95$0.02
2022Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$5.02$0.10$4.93