Civic Intelligence

Telescope Foundation

990 • Fiscal year 2023 • EIN 92-2791899

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

1700 Connecticut Ave 300Washington, DC 20009

(202) 670-0060

Siviq Scores

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

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.06x

Higher debt load relative to revenue than 44% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$75,475

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$1,634,164

No earlier filing loaded for comparison.

Net Assets

$1,486,801

No earlier filing loaded for comparison.

Liabilities

$147,363

No earlier filing loaded for comparison.

Revenue

$2,526,721

No earlier filing loaded for comparison.

Expenses

$1,042,085

No earlier filing loaded for comparison.

Net Income

$1,484,636

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2023: $1,634,164Liabilities 2023: $147,363Net Assets 2023: $1,486,8012023Assets 2024: $9,016,273Liabilities 2024: $505,222Net Assets 2024: $8,511,0512024

Highlighted filing

2023

Assets$1,634,164
Liabilities$147,363
Net Assets$1,486,801

Operations Trend

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

$10M$5.0M$0Revenue 2023: $2,526,721Expenses 2023: $1,042,085Net Income 2023: $1,484,6362023Revenue 2024: $9,012,397Expenses 2024: $2,019,904Net Income 2024: $6,992,4932024

Highlighted filing

2023

Revenue$2,526,721
Expenses$1,042,085
Net Income$1,484,636
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$2,526,721
Mission and Program Overview

Mission

Telescope foundation's mission is to improve science and society through innovation and collective action.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,293,817-
Cash and Non-Interest-Bearing Accounts-$289,829-
Land, Buildings, and Equipment, Net$0$38,318▲ $38,318
Prepaid Expenses and Deferred Charges-$12,200-
Total Assets$0$1,634,164▲ $1,634,164
Liabilities
Accounts Payable and Accrued Expenses-$147,363-
Total Liabilities$0$147,363▲ $147,363
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$1,486,801-
Total Net Assets Fund Balance$0$1,486,801▲ $1,486,801
Total Liabilities and Net Assets / Fund Balance$0$1,634,164▲ $1,634,164

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$38,318$322$38,640
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jacob ZioncePresident & COO (from 3/2023)FT$75,000$475$75,475

Board Members and Trustees

NameTitle
Eric BravermanChair & Treasurer (from 3/2023)
Michael LustbaderBoard Member (from 11/2023)
Revenue and Support

Revenue Composition

Contributions and Grants
$2,510,000
Program Service Revenue
$0
Investment Income
$16,651
Other Revenue
$70
All Other Contributions
$2,510,000
Change in Net Assets
$1,484,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$878,293
Salaries, Compensation, and Employee Benefits$163,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$844,987-$844,987
Current Officers, Directors, Trustees, and Key Employees-$75,475-$75,475
Other Salaries and Wages-$75,000-$75,000
Fees for Services Other-$15,000-$15,000
Payroll Taxes-$12,561-$12,561
Travel-$6,227-$6,227
Fees for Services Accounting-$2,659-$2,659
Other Employee Benefits-$756-$756
Depreciation Depletion-$322-$322
Information Technology-$319-$319
Office Expenses-$282-$282
Other Expenses-$100-$100
Total Functional Expenses$0$1,042,085$0$1,042,085
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Jacob zionce and eric braverman have a business relationship

Form 990, Part VI, Section A, Line 6

The organization has one class of membership.

Form 990, Part VI, Section A, Line 7A

The members elect the directors of the organization.

Form 990, Part VI, Section A, Line 7B

The members must approve amendments to the bylaws.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the outside accountants and provided to the board for review prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

All officers, directors, and key employees (covered persons) are subject to the policy. The organization requires each director, officer, and key employee annually to (1) review the corporation's conflict of interest policy; (2) disclose any possible personal, familial, or business relationship that reasonably could give rise to a conflict of interest or the appearance of a conflict of interest; and (3) acknowledge that he or she is acting in accordance with the letter and spirit of the policy. When a covered person becomes aware of a possible conflict of interest, he or she has a duty to immediately disclose the existence and material facts concerning the potential conflict to the board. The covered person refrains from using his or her personal influence to affect the corporation's decision to enter into the transaction or make any attempt to influence the deliberations or voting on the transaction; and physically excuses himself or herself from participation in any discussions, deliberations, voting, or decisions regarding the transaction with directors, officers and employees of the corporation, except to respond to requests for information about the transaction. The board, or an authorized board committee, contemporaneously documents the basis for its determination in the minutes of the meeting(s) at which the potential conflict of interest is considered.

Form 990, Part VI, Section B, Line 15

Compensation for the organization's president & coo and key employees was 1) reviewed and approved by independent board members, 2) comparability data was presented to independent board members, and 3) contemporaneous substantiation of the deliberation and decision occurred amongst the independent board members. The last compensation review took place december 2023.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Telescope Foundation
EIN
92-2791899
Phone
2026700060
Address
1700 CONNECTICUT AVE 300, WASHINGTON, DC 20009

Signing Officer

Name
Jacob Zionce
Title
President & COO
Phone
2026700060
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacob Zionce
Formed
2023
Legal Domicile
De
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
20

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Additional Explanations

FORM 990, PART IX:

The organization was incorporated in early 2023, and only incurred start-up costs. Therefore, no programmatic expenses were reported for the 2023 tax year.

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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION BEGAN OPERATIONS MARCH 8, 2023. THEREFORE, THE 2023 COLUMN IS REPORTING SHORT-YEAR ACTIVITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JACOB ZIONCE AND ERIC BRAVERMAN HAVE A BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS MUST APPROVE AMENDMENTS TO THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTANTS AND PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES (COVERED PERSONS) ARE SUBJECT TO THE POLICY. THE ORGANIZATION REQUIRES EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE ANNUALLY TO (1) REVIEW THE CORPORATION'S CONFLICT OF INTEREST POLICY; (2) DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL, OR BUSINESS RELATIONSHIP THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST; AND (3) ACKNOWLEDGE THAT HE OR SHE IS ACTING IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THE POLICY. WHEN A COVERED PERSON BECOMES AWARE OF A POSSIBLE CONFLICT OF INTEREST, HE OR SHE HAS A DUTY TO IMMEDIATELY DISCLOSE THE EXISTENCE AND MATERIAL FACTS CONCERNING THE POTENTIAL CONFLICT TO THE BOARD. THE COVERED PERSON REFRAINS FROM USING HIS OR HER PERSONAL INFLUENCE TO AFFECT THE CORPORATION'S DECISION TO ENTER INTO THE TRANSACTION OR MAKE ANY ATTEMPT TO INFLUENCE THE DELIBERATIONS OR VOTING ON THE TRANSACTION; AND PHYSICALLY EXCUSES HIMSELF OR HERSELF FROM PARTICIPATION IN ANY DISCUSSIONS, DELIBERATIONS, VOTING, OR DECISIONS REGARDING THE TRANSACTION WITH DIRECTORS, OFFICERS AND EMPLOYEES OF THE CORPORATION, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION ABOUT THE TRANSACTION. THE BOARD, OR AN AUTHORIZED BOARD COMMITTEE, CONTEMPORANEOUSLY DOCUMENTS THE BASIS FOR ITS DETERMINATION IN THE MINUTES OF THE MEETING(S) AT WHICH THE POTENTIAL CONFLICT OF INTEREST IS CONSIDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR THE ORGANIZATION'S PRESIDENT & COO AND KEY EMPLOYEES WAS 1) REVIEWED AND APPROVED BY INDEPENDENT BOARD MEMBERS, 2) COMPARABILITY DATA WAS PRESENTED TO INDEPENDENT BOARD MEMBERS, AND 3) CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION OCCURRED AMONGST THE INDEPENDENT BOARD MEMBERS. THE LAST COMPENSATION REVIEW TOOK PLACE DECEMBER 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION WAS INCORPORATED IN EARLY 2023, AND ONLY INCURRED START-UP COSTS. THEREFORE, NO PROGRAMMATIC EXPENSES WERE REPORTED FOR THE 2023 TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX:
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990/SchoolOperatingInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd22SC
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IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02510000
IRS990/TotalEmployeeCnt02
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IRS990/TotalRevenueGrp/ExclusionAmt016721
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02526721
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01634164
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IRS990/TransactionWithControlEntInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/WebsiteAddressTxt0WWW.TELESCOPEGP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACOB ZIONCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & COO
ReturnHeader/BusinessOfficerGrp/PhoneNum02026700060
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TELESCOPE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TELE
ReturnHeader/Filer/EIN0922791899
ReturnHeader/Filer/PhoneNum02026700060
ReturnHeader/Filer/USAddress/AddressLine1Txt01700 CONNECTICUT AVE 300
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521392008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELMAN ROSENBERG & FREEDMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04550 MONTGOMERY AVE SUITE 800N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208142930
ReturnHeader/PreparerPersonGrp/PhoneNum03019519090
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD J LOCASTRO CPA
ReturnHeader/ReturnTs02024-11-12T15:14:40-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-03-08
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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