Civic Intelligence

Boardassist

990 • Fiscal year 2020 • EIN 03-0553405

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 01, 2021

1105 Park Avenue 4th FloorNew York, NY 10128

(646) 450-2148

Siviq Scores

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

Liabilities / Assets

84th percentile

0.18x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Net Margin

21st percentile

-31%

Higher net margin than 21% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Top Officer Pay

100th percentile

$251,541

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 111.5% of source-year revenue.

2020 filings • NTEE T50 • <$500k nonprofits • Source year 2020

Asset Growth

23rd percentile

-14%

Faster asset growth than 23% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

66th percentile

-2.1%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • NTEE T50 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$384,880

Down $60,734 (-14%) from 2019

Net Assets

Down

$315,864

Down $69,841 (-18%) from 2019

Liabilities

Up

$69,016

Up $9,107 (+15%) from 2019

Revenue

Down

$225,666

Down $4,863 (-2.1%) from 2019

Expenses

Down

$295,507

Down $15,110 (-4.9%) from 2019

Net Income

Up

-$69,841

Up $10,247 (+13%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $238,474Liabilities 2011: $5,500Net Assets 2011: $232,9742011Assets 2012: $290,648Liabilities 2012: $8,156Net Assets 2012: $282,4922012Assets 2013: $314,437Liabilities 2013: $17,424Net Assets 2013: $297,0132013Assets 2014: $297,865Liabilities 2014: $17,2392014Assets 2015: $290,575Liabilities 2015: $7,819Net Assets 2015: $282,7562015Assets 2016: $279,259Liabilities 2016: $8,543Net Assets 2016: $270,7162016Assets 2017: $367,940Liabilities 2017: $10,543Net Assets 2017: $357,3972017Assets 2018: $476,001Liabilities 2018: $10,208Net Assets 2018: $465,7932018Assets 2019: $445,614Liabilities 2019: $59,909Net Assets 2019: $385,7052019Assets 2020: $384,880Liabilities 2020: $69,016Net Assets 2020: $315,8642020Assets 2021: $481,638Liabilities 2021: $27,832Net Assets 2021: $453,8062021Assets 2022: $489,788Liabilities 2022: $8,187Net Assets 2022: $481,6012022Assets 2023: $425,495Liabilities 2023: $26,000Net Assets 2023: $399,4952023Assets 2024: $308,960Liabilities 2024: $61,398Net Assets 2024: $247,5622024Assets 2025: $148,670Liabilities 2025: $11,105Net Assets 2025: $137,5652025

Highlighted filing

2020

Assets$384,880
Liabilities$69,016
Net Assets$315,864

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $215,676Expenses 2011: $188,516Net Income 2011: $27,1602011Revenue 2012: $246,668Expenses 2012: $197,150Net Income 2012: $49,5182012Revenue 2013: $225,626Expenses 2013: $211,105Net Income 2013: $14,5212013Revenue 2014: $197,922Expenses 2014: $214,309Net Income 2014: -$16,3872014Revenue 2015: $227,138Expenses 2015: $225,008Net Income 2015: $2,1302015Revenue 2016: $225,243Expenses 2016: $237,283Net Income 2016: -$12,0402016Revenue 2017: $336,668Expenses 2017: $249,987Net Income 2017: $86,6812017Revenue 2018: $400,848Expenses 2018: $292,452Net Income 2018: $108,3962018Revenue 2019: $230,529Expenses 2019: $310,617Net Income 2019: -$80,0882019Revenue 2020: $225,666Expenses 2020: $295,507Net Income 2020: -$69,8412020Revenue 2021: $466,760Expenses 2021: $328,818Net Income 2021: $137,9422021Revenue 2022: $385,995Expenses 2022: $358,200Net Income 2022: $27,7952022Revenue 2023: $423,787Expenses 2023: $505,893Net Income 2023: -$82,1062023Revenue 2024: $345,655Expenses 2024: $497,588Net Income 2024: -$151,9332024Revenue 2025: $321,125Expenses 2025: $431,122Net Income 2025: -$109,9972025

Highlighted filing

2020

Revenue$225,666
Expenses$295,507
Net Income-$69,841
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 1, 2021
Return Version
2020v4.1
Gross Receipts
$225,666
Mission and Program Overview

Mission

To support the nonprofit community by identifying high impact agents of change for their board of directors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$432,934$353,298▼ $79,636
Accounts Receivable$6,125$30,375▲ $24,250
Prepaid Expenses and Deferred Charges$2,738$1,207▼ $1,531
Pledges and Grants Receivable$500--
Land, Buildings, and Equipment, Net$417--
Total Assets$445,614$384,880▼ $60,734
Other Assets Total$2,900--
Liabilities
Accounts Payable and Accrued Expenses$59,909$47,184▼ $12,725
Unsecured Notes Loans Payable-$21,832-
Total Liabilities$59,909$69,016▲ $9,107
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$352,705$305,864▼ $46,841
Net Assets With Donor Restrictions$33,000$10,000▼ $23,000
Total Net Assets Fund Balance$385,705$315,864▼ $69,841
Total Liabilities and Net Assets / Fund Balance$445,614$384,880▼ $60,734

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$7,875$7,875
Equipment-$2,512$2,512
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia RemecExecutive DirectorFT$175,915$75,626$251,541

Board Members and Trustees

NameTitle
Richard HallChair
Monica MehtaBoard Member
Sallie AbelowBoard Member
Tracy GreenbergerBoard Member
Aimee GarnSecretary
Meryl JacobsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,866
Program Service Revenue
$188,800
Investment Income
$0
Other Revenue
$0
All Other Contributions
$36,866
Change in Net Assets
$-69,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,051
Other Expenses$37,456
Total Fundraising Expense$3,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$165,582$2,561$2,561$170,704
Other Employee Benefits$74,291$1,149$1,149$76,589
Occupancy$15,515$94$63$15,672
Payroll Taxes$10,436$161$161$10,758
Fees for Services Accounting-$6,131-$6,131
Advertising$3,180--$3,180
Fees for Services Other-$3,151-$3,151
Information Technology$2,599--$2,599
Office Expenses$1,173$600$4$1,777
Insurance-$850-$850
Conferences and Meetings$615--$615
Depreciation Depletion$413$2$2$417
Other Expenses$2,467$20-$20
Total Functional Expenses$276,271$15,296$3,940$295,507
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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, Part VI, Section A, Line 8B

Boardassist has no committees at this time.

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

Form 990 is submitted to the entire board of boardassist for review.

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

Boardassist requires the board of directors to submit an annual statement certifying their continued compliance with boardassists conflict of interest policy.

Form 990, Part VI, Section B, Line 15A

The executive directors compensation is determined by the full board after assessing the performance of the executive director, considering boardassists financial position and considering financial comparability data. This deliberation and decision is contemporaneously substantiated. The executive director does not participate in this review.

Form 990, Part VI, Section C, Line 19

Boardassists governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Boardassist
EIN
03-0553405
Phone
6464502148
Address
1105 PARK AVENUE 4TH FLOOR, NEW YORK, NY 10128

Signing Officer

Name
Cynthia Remec
Title
Executive Director
Signed
2021-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cynthia Remec Co Boardassist
Formed
2004
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Winnie Tam & Co Pc
Address
50 BROAD STREET SUITE 1837, NEW YORK, NY 10004
Preparer
Michael Lee
Phone
2127854600
Supplemental Narrative

Financial Statement Notes

X 2

- boardassist adopted financial accounting standards board fasb guidance on uncertain income tax positions in its financial statements. Boardassist recognizes the effect of tax positions only when they are more likely than not of being sustained. Management is not aware of any violation of its tax status as an organization exempt from income taxes.

Raw XML AppendixShowing 400 of 450 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0- BOARDASSIST ADOPTED FINANCIAL ACCOUNTING STANDARDS BOARD FASB GUIDANCE ON UNCERTAIN INCOME TAX POSITIONS IN ITS FINANCIAL STATEMENTS. BOARDASSIST RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATION OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAXES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARDASSIST HAS NO COMMITTEES AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS SUBMITTED TO THE ENTIRE BOARD OF BOARDASSIST FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARDASSIST REQUIRES THE BOARD OF DIRECTORS TO SUBMIT AN ANNUAL STATEMENT CERTIFYING THEIR CONTINUED COMPLIANCE WITH BOARDASSISTS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTORS COMPENSATION IS DETERMINED BY THE FULL BOARD AFTER ASSESSING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR, CONSIDERING BOARDASSISTS FINANCIAL POSITION AND CONSIDERING FINANCIAL COMPARABILITY DATA. THIS DELIBERATION AND DECISION IS CONTEMPORANEOUSLY SUBSTANTIATED. THE EXECUTIVE DIRECTOR DOES NOT PARTICIPATE IN THIS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARDASSISTS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.49$0.11$1.38$3.21$4.31$1.10
2024Detailed filing. Detailed filing data is available for this year.$3.09$0.61$2.48$3.46$4.98$1.52
2023Detailed filing. Detailed filing data is available for this year.$4.25$0.26$3.99$4.24$5.06$0.82
2022Detailed filing. Detailed filing data is available for this year.$4.90$0.08$4.82$3.86$3.58$0.28
2021Detailed filing. Detailed filing data is available for this year.$4.82$0.28$4.54$4.67$3.29$1.38
2020Detailed filing. Detailed filing data is available for this year.$3.85$0.69$3.16$2.26$2.96$0.70
2019Summary only. Only limited summary data is available for this year.$4.46$0.60$3.86$2.31$3.11$0.80
2018Summary only. Only limited summary data is available for this year.$4.76$0.10$4.66$4.01$2.92$1.08
2017Summary only. Only limited summary data is available for this year.$3.68$0.11$3.57$3.37$2.50$0.87
2016Summary only. Only limited summary data is available for this year.$2.79$0.09$2.71$2.25$2.37$0.12
2015Summary only. Only limited summary data is available for this year.$2.91$0.08$2.83$2.27$2.25$0.02
2014Summary only. Only limited summary data is available for this year.$2.98$0.17$1.98$2.14$0.16
2013Summary only. Only limited summary data is available for this year.$3.14$0.17$2.97$2.26$2.11$0.15
2012Summary only. Only limited summary data is available for this year.$2.91$0.08$2.82$2.47$1.97$0.50
2011Summary only. Only limited summary data is available for this year.$2.38$0.06$2.33$2.16$1.89$0.27
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits