Civic Intelligence

The Torch Foundation

990EZ • Fiscal year 2019 • EIN 95-4816158

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 13, 2020

5800 Hannum AveCulver City, CA 90230

(310) 773-7895

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

12th percentile

-30%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

23rd percentile

-16%

Faster asset growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$275,296

Down $52,396 (-16%) from 2018

Net Assets

Down

$275,296

Down $52,396 (-16%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$175,533

Up $18,091 (+11%) from 2018

Expenses

Up

$227,929

Up $152,944 (+204%) from 2018

Net Income

Down

-$52,396

Down $134,853 (-164%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $12,895Liabilities 2012: $02012Assets 2013: $11,780Liabilities 2013: $02013Assets 2014: $86,672Net Assets 2014: $86,6722014Assets 2015: $155,129Liabilities 2015: $1492015Assets 2016: $153,908Liabilities 2016: $02016Assets 2017: $245,235Net Assets 2017: $245,2352017Assets 2018: $327,692Net Assets 2018: $327,6922018Assets 2019: $275,296Net Assets 2019: $275,2962019Assets 2020: $2,774,555Liabilities 2020: $17,327Net Assets 2020: $2,757,2282020Assets 2021: $5,221,066Liabilities 2021: $600Net Assets 2021: $5,220,4662021Assets 2022: $4,949,901Liabilities 2022: $0Net Assets 2022: $4,949,9012022Assets 2023: $4,916,076Liabilities 2023: $12,400Net Assets 2023: $4,903,6762023

Highlighted filing

2019

Assets$275,296
Liabilities-
Net Assets$275,296

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $10,770Expenses 2012: $14,856Net Income 2012: -$4,0862012Revenue 2013: $2,081Expenses 2013: $3,196Net Income 2013: -$1,1152013Revenue 2014: $75,779Expenses 2014: $887Net Income 2014: $74,8922014Revenue 2015: $27,667Expenses 2015: $52,227Net Income 2015: -$24,5602015Revenue 2016: $22,511Expenses 2016: $123,583Net Income 2016: -$101,0722016Revenue 2017: $189,435Expenses 2017: $97,808Net Income 2017: $91,6272017Revenue 2018: $157,442Expenses 2018: $74,985Net Income 2018: $82,4572018Revenue 2019: $175,533Expenses 2019: $227,929Net Income 2019: -$52,3962019Revenue 2020: $2,723,342Expenses 2020: $239,967Net Income 2020: $2,483,3752020Revenue 2021: $2,912,332Expenses 2021: $297,665Net Income 2021: $2,614,6672021Revenue 2022: $257,013Expenses 2022: $508,498Net Income 2022: -$251,4852022Revenue 2023: $162,480Expenses 2023: $485,675Net Income 2023: -$323,1952023

Highlighted filing

2019

Revenue$175,533
Expenses$227,929
Net Income-$52,396
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 13, 2020
Return Version
2019v5.0
Gross Receipts
$175,533
Mission and Program Overview

Mission

Transformational training for under-privileged

Program Services

DescriptionGrantsExpenses
CONDUCTED 18 SEPARATE TRAINING IN ANAHEIM, CA WORCHESTER, MALOS ANGELES CA,SOUTH GATE CA, HUNTINGTON PARK CA, NEW BEDFORD MAFITCHBURG MA$0$194,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DOUG S CARLSONPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
The Torch Foundation
EIN
95-4816158
Phone
3107737895
Address
5800 HANNUM AVE, CULVER CITY, CA 90230

Signing Officer

Name
Doug S Carlson
Title
CEO/president
Phone
3107737895
Signed
2020-03-13
Discuss with paid preparer
Yes

Preparer

Firm
Integrity Tax and Notary Services
Address
16549 Leffingwell Rd, Whittier, CA 90603
Preparer
Barbara Dunagan
Phone
5624009569
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

INTEREST 1950.

Form 990EZ, Part I, Line 16

TRAINING EXPENSE 59460.

Form 990EZ, Part I, Line 16

BANK FEES 329.

Form 990EZ, Part I, Line 16

MERCHANT FEES 1015.

Form 990EZ, Part I, Line 16

TRAVEL 23355.

Form 990EZ, Part I, Line 16

ADVERTISING 621.

Form 990EZ, Part I, Line 16

BACKGROUND CHECK 823.

Form 990EZ, Part I, Line 16

Credit card annual fee 95.

Form 990EZ, Part I, Line 16

EVENT SUPPLIES 6131.

Form 990EZ, Part I, Line 16

INSURANCE 4936.

Form 990EZ, Part I, Line 16

SUPPLIES

Form 990EZ, Part I, Line 16

Meals & entertainment 22037.

Form 990EZ, Part I, Line 16

PARKING 120.

Form 990EZ, Part I, Line 16

TAX & LICENSE 145.

Form 990EZ, Part I, Line 16

TELEPHONE 1082.

Form 990EZ, Part I, Line 16

Legal & professional 3543.

Form 990EZ, Part I, Line 16

PAYPAL 225.

Form 990EZ, Part I, Line 16

Reimbursable expenses 16767.

Form 990EZ, Part I, Line 16

STRIPE MERCHANT FEE 115.

Raw XML Appendix187 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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0100000
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IRS990ScheduleA/Total509Grp/TotalAmt0658241
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0658277
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTEREST 1950.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRAINING EXPENSE 59460.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK FEES 329.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MERCHANT FEES 1015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL 23355.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADVERTISING 621.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BACKGROUND CHECK 823.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CREDIT CARD ANNUAL FEE 95.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EVENT SUPPLIES 6131.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INSURANCE 4936.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MEALS & ENTERTAINMENT 22037.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PARKING 120.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13TAX & LICENSE 145.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TELEPHONE 1082.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LEGAL & PROFESSIONAL 3543.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16PAYPAL 225.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17REIMBURSABLE EXPENSES 16767.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18STRIPE MERCHANT FEE 115.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUG S CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03107737895
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE TORCH FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TORC
ReturnHeader/Filer/EIN0954816158
ReturnHeader/Filer/PhoneNum03107737895
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ReturnHeader/FilingSecurityInformation/IPTm020:06:56
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ReturnHeader/PreparerPersonGrp/PhoneNum05624009569
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-14
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ReturnHeader/ReturnTs02020-03-14T20:07:05-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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