Civic Intelligence

Business Impact Network Inc

990 • Fiscal year 2020 • EIN 02-0637117

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

34 W 33rd St FL 5New York, NY 10001

(347) 934-6600

Siviq Scores

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

Liabilities / Assets

96th percentile

1.42x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

0.75x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-472%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$177,098

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 333.6% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

3rd percentile

-92%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-85%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$28,076

Down $312,185 (-92%) from 2019

Net Assets

Down

-$11,701

Down $330,842 (-104%) from 2019

Liabilities

Up

$39,777

Up $18,657 (+88%) from 2019

Revenue

Down

$53,085

Down $294,406 (-85%) from 2019

Expenses

Down

$303,428

Down $246,826 (-45%) from 2019

Net Income

Down

-$250,343

Down $47,580 (-23%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $837,001Liabilities 2010: $408,589Net Assets 2010: $428,4122010Assets 2011: $748,454Liabilities 2011: $342,462Net Assets 2011: $405,9922011Assets 2012: $747,374Liabilities 2012: $307,088Net Assets 2012: $440,2862012Assets 2013: $797,856Liabilities 2013: $230,143Net Assets 2013: $567,7132013Assets 2014: $982,518Liabilities 2014: $370,366Net Assets 2014: $612,1522014Assets 2015: $974,727Liabilities 2015: $277,032Net Assets 2015: $697,6952015Assets 2016: $484,068Liabilities 2016: $191,289Net Assets 2016: $292,7792016Assets 2017: $483,453Liabilities 2017: $24,568Net Assets 2017: $458,8852017Assets 2018: $561,899Liabilities 2018: $39,995Net Assets 2018: $521,9042018Assets 2019: $340,261Liabilities 2019: $21,120Net Assets 2019: $319,1412019Assets 2020: $28,076Liabilities 2020: $39,777Net Assets 2020: -$11,7012020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$28,076
Liabilities$39,777
Net Assets-$11,701

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $580,1702010Expenses 2011: $503,7122011Expenses 2012: $486,8912012Revenue 2013: $632,203Expenses 2013: $504,776Net Income 2013: $127,4272013Revenue 2014: $534,370Expenses 2014: $489,931Net Income 2014: $44,4392014Revenue 2015: $617,686Expenses 2015: $532,143Net Income 2015: $85,5432015Revenue 2016: $26,914Expenses 2016: $431,830Net Income 2016: -$404,9162016Revenue 2017: $793,414Expenses 2017: $627,308Net Income 2017: $166,1062017Revenue 2018: $598,160Expenses 2018: $535,141Net Income 2018: $63,0192018Revenue 2019: $347,491Expenses 2019: $550,254Net Income 2019: -$202,7632019Revenue 2020: $53,085Expenses 2020: $303,428Net Income 2020: -$250,3432020Revenue 2021: $32,401Expenses 2021: $51,760Net Income 2021: -$19,3592021

Highlighted filing

2020

Revenue$53,085
Expenses$303,428
Net Income-$250,343
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$53,085
Mission and Program Overview

Mission

To provide business advice to three types of businesses: growing, start-up and distressed. Exceed network is a business advisory firm which offers advice and resources to small business owners. They deliver innovative and strategic guidance to companies at all levels: start-ups, growing and turnaround. Exceed network utilizes a deep pool of volunteer industry.

To provide business advice to three types of businesses: growing, start-up and distressed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,549$23,475▼ $30,074
Pledges and Grants Receivable$262,244$4,400▼ $257,844
Savings and Temporary Cash Investments$295$201▼ $94
Total Assets$340,261$28,076▼ $312,185
Other Assets Total$24,173--
Liabilities
Other Liabilities-$36,730-
Accounts Payable and Accrued Expenses$21,120$3,047▼ $18,073
Total Liabilities$21,120$39,777▲ $18,657
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$319,141$-11,701▼ $330,842
Total Net Assets Fund Balance$319,141$-11,701▼ $330,842
Total Liabilities and Net Assets / Fund Balance$340,261$28,076▼ $312,185
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Irwin DayanExecutive DiFT$177,098$177,098
Irwin DayanExecutive Director-$177,098$177,098

Board Members and Trustees

NameTitle
Mark AdjmiPresident
Eli YedidSecretary
Sol WahbaTreasurer
Harry S TawilVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$53,054
Program Service Revenue
$0
Investment Income
$31
Other Revenue
$0
All Other Contributions
$46,054
Change in Net Assets
$-250,343
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$220,736
Other Expenses$82,692
Total Fundraising Expense$40,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,589$51,495$30,897$205,981
Occupancy$18,541$7,725$4,635$30,901
Payroll Taxes$8,853$3,689$2,213$14,755
Fees for Services Other$13,653--$13,653
Fees for Services Accounting-$12,900-$12,900
Information Technology$6,232$2,597$1,558$10,387
Office Expenses$2,802$1,167$700$4,669
Advertising$4,096--$4,096
Other Expenses$2,761--$2,761
Insurance$1,498$624$375$2,497
Travel$486$324-$810
Conferences and Meetings$18--$18
Total Functional Expenses$182,529$80,521$40,378$303,428
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Funds$36,730
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the executive director, the treasurer and two board members. It is then provided to the full board of directors for review. Any questions are discussed and resolved prior to filing the form 990.

Form 990, Page 6, Part VI, Line 12C

Exceed network regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring board members to disclose their professional affiliations, any conflicts must be reported to the board and the individual recuses himself from the voting process relating to the conflict.

Form 990, Page 6, Part VI, Line 19

Upon board approval, the documents will be furnished to individuals who request it.

Filing and Contact Details

Filer

Filer Name
Exceed Network
EIN
02-0637117
Phone
3479346600
Address
34 W 33RD ST FL 5, NEW YORK, NY 10001

Signing Officer

Name
Sol Wahba
Title
Treasurer
Phone
3479346600
Signed
2021-11-09

Organization Details

Principal Officer
Sol Wahba
Formed
2003
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
5
Volunteers
50

Preparer

Firm
Stacy Sand CPA Pc
Address
16004 CROSSBAY BLVD STE 158, HOWARD BEACH, NY 11414
Preparer
Stacy Sand CPA
Phone
7183188829
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide business advice to three types of businesses: growing, start-up and distressed. Exceed network is a business advisory firm which offers advice and resources to small business owners. They deliver innovative and strategic guidance to companies at all levels: start-ups, growing and turnaround. Exceed network utilizes a deep pool of volunteer industry.

Form 990, Page 2, Part III, Line 4D

The network is a volunteer-driven agency whose mission is to provide business advice to three types of business: growth, start-up, and distressed. In addition, exceed network offers business owners the opportunity to directly benefit from our creative community by joining exceed@work incubator which offered a desk and onsite advice within a hub and innovative ideas. The network also provides seminars that give business owners the founational principles to move forward carefully and confidently. Veteran business owners hear from engaging speakers, gain valuable insight into engineering trends and learn to strategize for future success. Other divisions of the network include the woman exceed network, which provides support to women entrepreneurs.

Form 990, Part XI, Line 9

BAD DEBTS -80,499

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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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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0177098
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0IRWIN DAYAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0177098
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE BUSINESS ADVICE TO THREE TYPES OF BUSINESSES: GROWING, START-UP AND DISTRESSED. EXCEED NETWORK IS A BUSINESS ADVISORY FIRM WHICH OFFERS ADVICE AND RESOURCES TO SMALL BUSINESS OWNERS. THEY DELIVER INNOVATIVE AND STRATEGIC GUIDANCE TO COMPANIES AT ALL LEVELS: START-UPS, GROWING AND TURNAROUND. EXCEED NETWORK UTILIZES A DEEP POOL OF VOLUNTEER INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE NETWORK IS A VOLUNTEER-DRIVEN AGENCY WHOSE MISSION IS TO PROVIDE BUSINESS ADVICE TO THREE TYPES OF BUSINESS: GROWTH, START-UP, AND DISTRESSED. IN ADDITION, EXCEED NETWORK OFFERS BUSINESS OWNERS THE OPPORTUNITY TO DIRECTLY BENEFIT FROM OUR CREATIVE COMMUNITY BY JOINING EXCEED@WORK INCUBATOR WHICH OFFERED A DESK AND ONSITE ADVICE WITHIN A HUB AND INNOVATIVE IDEAS. THE NETWORK ALSO PROVIDES SEMINARS THAT GIVE BUSINESS OWNERS THE FOUNATIONAL PRINCIPLES TO MOVE FORWARD CAREFULLY AND CONFIDENTLY. VETERAN BUSINESS OWNERS HEAR FROM ENGAGING SPEAKERS, GAIN VALUABLE INSIGHT INTO ENGINEERING TRENDS AND LEARN TO STRATEGIZE FOR FUTURE SUCCESS. OTHER DIVISIONS OF THE NETWORK INCLUDE THE WOMAN EXCEED NETWORK, WHICH PROVIDES SUPPORT TO WOMEN ENTREPRENEURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE TREASURER AND TWO BOARD MEMBERS. IT IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS FOR REVIEW. ANY QUESTIONS ARE DISCUSSED AND RESOLVED PRIOR TO FILING THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXCEED NETWORK REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING BOARD MEMBERS TO DISCLOSE THEIR PROFESSIONAL AFFILIATIONS, ANY CONFLICTS MUST BE REPORTED TO THE BOARD AND THE INDIVIDUAL RECUSES HIMSELF FROM THE VOTING PROCESS RELATING TO THE CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON BOARD APPROVAL, THE DOCUMENTS WILL BE FURNISHED TO INDIVIDUALS WHO REQUEST IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAD DEBTS -80,499
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0340261
IRS990/TotalAssetsEOYAmt028076
IRS990/TotalAssetsGrp/BOYAmt0340261
IRS990/TotalAssetsGrp/EOYAmt028076
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt053054
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt040378
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt080521
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182529
IRS990/TotalFunctionalExpensesGrp/TotalAmt0303428
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021120
IRS990/TotalLiabilitiesEOYAmt039777
IRS990/TotalLiabilitiesGrp/BOYAmt021120
IRS990/TotalLiabilitiesGrp/EOYAmt039777
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0319141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-11701
IRS990/TotalOtherProgSrvcExpenseAmt0182529
IRS990/TotalProgramServiceExpensesAmt0182529
IRS990/TotalReportableCompFromOrgAmt0177098
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt053085
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0340261
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028076
IRS990/TravelGrp/ManagementAndGeneralAmt0324
IRS990/TravelGrp/ProgramServicesAmt0486
IRS990/TravelGrp/TotalAmt0810
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt034 W 33RD STREET FL5
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010001
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.EXCEEDNETWORK.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SOL WAHBA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03479346600
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXCEED NETWORK
ReturnHeader/Filer/BusinessNameControlTxt0EXCE
ReturnHeader/Filer/EIN0020637117
ReturnHeader/Filer/PhoneNum03479346600
ReturnHeader/Filer/USAddress/AddressLine1Txt034 W 33RD ST FL 5
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261439239
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STACY SAND CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016004 CROSSBAY BLVD STE 158
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOWARD BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011414
ReturnHeader/PreparerPersonGrp/PhoneNum07183188829
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STACY SAND CPA
ReturnHeader/ReturnTs02021-11-09T14:03:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SOL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WAHBA
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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