Civic Intelligence

Efc Europe Foundation

990PF • Fiscal year 2023 • EIN 98-1178339

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 31, 2024

Organization Profile
Heiligkreuz 6Vaduz 9490Ls

(423) 235-8265

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$39,318

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2023 filings • $100M-$250M nonprofits • Source year 2023

Asset Growth

36th percentile

2.0%

Faster asset growth than 36% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2020 to 2023

Revenue Growth

92nd percentile

80%

Faster revenue growth than 92% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2020 to 2023

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$132,099,476

Up $7,452,575 (+6.0%) from 2020

Net Assets

Up

$131,947,067

Up $10,533,183 (+8.7%) from 2020

Liabilities

Down

$152,409

Down $3,080,608 (-95%) from 2020

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin98th percentile

Revenue

Up

$16,407,172

Up $13,595,511 (+484%) from 2020

Expenses

Up

$425,277

Up $124,548 (+41%) from 2020

Net Income

Up

$15,981,895

Up $13,470,963 (+536%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$200M$150M$100M$50M$0Assets 2020: $124,646,901Liabilities 2020: $3,233,017Net Assets 2020: $121,413,8842020Assets 2023: $132,099,476Liabilities 2023: $152,409Net Assets 2023: $131,947,0672023Assets 2024: $153,956,280Liabilities 2024: $137,643Net Assets 2024: $153,818,6372024

Highlighted filing

2023

Assets$132,099,476
Liabilities$152,409
Net Assets$131,947,067
Open 2023 Filing

Operations Trend

Revenue Growth92nd percentile

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

$30M$20M$10M$0Revenue 2020: $2,811,661Expenses 2020: $300,729Net Income 2020: $2,510,9322020Revenue 2023: $16,407,172Expenses 2023: $425,277Net Income 2023: $15,981,8952023Revenue 2024: $23,009,188Expenses 2024: $398,423Net Income 2024: $22,610,7652024

Highlighted filing

2023

Revenue$16,407,172
Expenses$425,277
Net Income$15,981,895
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 31, 2024
Return Version
2023v6.0
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Admintrust Services AGFoundation Council-$0$39,318$39,318
Igor CzerneckiFoundation Council-$0--
Dr Markus SummerFoundation Council-$0--
Andrzej CzerneckiFoundation Council-$0--
Filing and Contact Details

Filer

Filer Name
EFC Europe Foundation
EIN
98-1178339
In Care Of
% MARXER & PARTNER ATTORNEYS
Phone
4232358265
Address
LS

Signing Officer

Name
Markus Summer
Title
Foundation Council
Phone
4232358265
Signed
2024-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Everest Ito Group LLP
Address
466 Foothill Blvd Suite 407, La Canada Flintridge, CA 91011
Preparer
Dennis Ito
Phone
8187162701
Raw XML Appendix305 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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GeneralExplanationAttachment/GeneralExplanationGrp/MediumExplanationTxt085% Test under Treas. Reg. Sec. 53.4948-1(b): The foundation received the following support as defined under IRC Section 509(d), other than IRC Section 509(d)(4), since the date of its creation from: - Sources outside the United States ........ $88,664,855 - Sources within the United States ......... NONE - In total ................................. $88,664,855 Percentage of the total support received from sources outside the United States .............. 100% Therefore, since the percentage above is at least 85% of the total support, the foundation meets the 85% test under Treas. Reg. Sec. 53.4948-1(b).
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02021
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt00
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
LegalFeesSchedule/LegalFeesGrp/CategoryTxt0LEGAL FEES
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0112439
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0DIVIDENDS RECEIVABLE
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt00
OtherDecreasesSchedule/OtherDecreasesDetail/Amt0978850
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0DISTRIBUTIONS FOR CHARITABLE PURPOSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1REIMBURSEMENT EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt039318
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Other income
OtherIncomeSchedule2/OtherIncomeDetail/Desc1currency gain/loss
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt05122
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt1275306
OtherIncreasesSchedule/OtherIncreasesDetail/Amt05614966
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0FOREIGN CURRENCY ADJUSTMENT
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/BOYBookValueAmt00
OtherLiabilitiesSchedule/OtherLiabilitiesDetail/Desc0BANK LOAN
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt0242753
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0VARIOUS PROFESSIONAL FEES
ReasonableCauseExplanation/ExplanationTxt0As provided in IRC section 6651(a)(1) the penalty for late filing of a tax return shall not apply where the taxpayer can show that the failure to file timely was due to reasonable cause. We believe that the below described situation shows that the late filing was due to reasonable cause and that the penalty for late filing should not be applied. The initial e-filing submission was made prior to the extended due date of November 15, 2025. That e-filing was rejected, and the tax preparer immediately contacted the tax preparation software provider and the IRS and followed several suggestions to resolve the rejections with no success. We understand that the tax return was rejecting due to the fact that the IRS does not show this foreign entity as a tax-exempt organization within their system, so the electronic processing of Forms 990-PF and 990-T was not possible without some special handling. This identical e-filing rejection has been experienced for the past several years and each time the record was manually modified so that the e-filing could be completed. The taxpayer was told that the problem would be resolved for the 2023 tax year filing, but apparently the issue was not resolved. The last conversation with the IRS in late December indicated that the IRS "tax law group" would need to speak with a direct representative of the foreign foundation. Due to the holiday season and the Southern California fires which on January 8, 2025, destroyed the home of the tax representative on the client's Power of Attorney, a follow-up call was not made until February 11, 2025. Finally at that date, the matter was referred to the e-file help desk and resolution received on February 19, 2025. For the facts and circumstances described above, we believe that the late filing was due to reasonable cause and that the penalty for late filing should not be assessed.
TaxesSchedule/TaxesDetail/CategoryTxt0VAT TAXES
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Markus Summer
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Foundation Council
ReturnHeader/BusinessOfficerGrp/PhoneNum04232358265
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EFC Europe Foundation
ReturnHeader/Filer/BusinessNameControlTxt0EFCE
ReturnHeader/Filer/EIN0981178339
ReturnHeader/Filer/ForeignAddress/AddressLine1Txt0Heiligkreuz 6
ReturnHeader/Filer/ForeignAddress/CityNm0Vaduz
ReturnHeader/Filer/ForeignAddress/CountryCd0LS
ReturnHeader/Filer/ForeignAddress/ForeignPostalCd09490
ReturnHeader/Filer/InCareOfNm0% MARXER & PARTNER ATTORNEYS
ReturnHeader/Filer/PhoneNum04232358265
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Everest Ito Group LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0466 Foothill Blvd Suite 407
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0La Canada Flintridge
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091011
ReturnHeader/PreparerPersonGrp/PhoneNum08187162701
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dennis Ito
ReturnHeader/ReturnTs02025-02-19T12:56:51-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,099,476
Liabilities
$152,409
Net assets
$131,947,067
Revenue
$16,407,172
Expenses
$425,277
Net income
$15,981,895
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$154$0.14$154$23.0$0.40$22.6
2023Detailed filing. Detailed filing data is available for this year.$132$0.15$132$16.4$0.43$16.0
2020Detailed filing. Detailed filing data is available for this year.$125$3.23$121$2.81$0.30$2.51