Civic Intelligence

Employ & Ability Incorporated

990 • Fiscal year 2014 • EIN 04-2738769

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

420 Pearl StreetSuiteMalden, MA 02184

(781) 356-8888

Siviq Scores

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

Liabilities / Assets

100th percentile

13.62x

Higher debt load relative to assets than 100% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

0.76x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$237,156

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 45.2% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

1st percentile

-95%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

57th percentile

6.6%

Faster revenue growth than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$29,314

Down $617,031 (-95%) from 2013

Net Assets

Down

-$369,865

Down $8,232 (-2.3%) from 2013

Liabilities

Down

$399,179

Down $608,799 (-60%) from 2013

Revenue

Up

$524,912

Up $32,622 (+6.6%) from 2013

Expenses

Down

$534,517

Down $909,845 (-63%) from 2013

Net Income

Up

-$9,605

Up $942,467 (+99%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $1,306,612Liabilities 2010: $419,137Net Assets 2010: $887,4752010Assets 2011: $1,257,916Liabilities 2011: $475,736Net Assets 2011: $782,1802011Assets 2012: $1,280,306Liabilities 2012: $689,867Net Assets 2012: $590,4392012Assets 2013: $646,345Liabilities 2013: $1,007,978Net Assets 2013: -$361,6332013Assets 2014: $29,314Liabilities 2014: $399,179Net Assets 2014: -$369,8652014Assets 2015: $33,412Liabilities 2015: $403,277Net Assets 2015: -$369,8652015Assets 2016: $29,314Liabilities 2016: $438,856Net Assets 2016: -$409,5422016Assets 2017: $0Liabilities 2017: $409,542Net Assets 2017: -$409,5422017Assets 2018: $1Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$29,314
Liabilities$399,179
Net Assets-$369,865

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $3,136,5432010Expenses 2011: $3,454,7922011Expenses 2012: $1,447,0732012Revenue 2013: $492,290Expenses 2013: $1,444,362Net Income 2013: -$952,0722013Revenue 2014: $524,912Expenses 2014: $534,517Net Income 2014: -$9,6052014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2014

Revenue$524,912
Expenses$534,517
Net Income-$9,605
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$1,158,435
Mission and Program Overview

Mission

To provide employment to persons with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$257,362$0▼ $257,362
Land, Buildings, and Equipment, Net$80,808--
Prepaid Expenses and Deferred Charges$41,721$0▼ $41,721
Inventories for Sale or Use$32,140$0▼ $32,140
Accounts Receivable$234,314$29,314▼ $205,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$646,345$29,314▼ $617,031
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$534,694$237,039▼ $297,655
Accounts Payable and Accrued Expenses$473,284$162,140▼ $311,144
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,007,978$399,179▼ $608,799
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-361,633$-369,865▼ $8,232
Total Net Assets Fund Balance$-361,633$-369,865▼ $8,232
Total Liabilities and Net Assets / Fund Balance$646,345$29,314▼ $617,031
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robert MillerPresident$237,156$237,156
Jessica BlackVice President$140,891$140,891
Patricia AubeClerk$101,746$101,746
Michael McCurdyTreasurer$78,447$78,447

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
SPL TempStaffing-$237,524
ET Staffing IncStaffing-$114,107
Admiral Packaging INCProduct Packaging-$105,980
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,656
Investment Income
$0
Other Revenue
$474,256
Change in Net Assets
$-9,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$290,479
Salaries, Compensation, and Employee Benefits$244,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$188,763$0$0$188,763
Other Expenses$102,732--$102,732
Office Expenses$68,863$0$0$68,863
Depreciation Depletion$55,933$0-$55,933
Occupancy$49,728$0$0$49,728
Other Employee Benefits$32,780$0$0$32,780
Payroll Taxes$22,495$0$0$22,495
Information Technology$11,401$0$0$11,401
Travel$1,822$0$0$1,822
Total Functional Expenses$534,517$0$0$534,517
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Herb LandsmanBoard MemberRetail Sales Via the Tjx CoNo$446,112
Robert MillerBoard MemberRetail Sales Via ClarksNo$245,569

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$237,039
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
04-2738769
In Care Of
% MICHAEL MASTASCUSA
Phone
7813568888

Signing Officer

Name
Michael Mastascusa
Title
CFO
Phone
6177237900
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Rodrigues
Formed
1981
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
13
Employees
0
Volunteers
15

Preparer

Preparer
Robert J Butler Jr
Phone
6177237900
Supplemental Narrative

Additional Explanations

Form 990 Review Process

Form 990, Part VI, Line 11b The return was prepared by tax advisors from a national accounting firm with information provided by management. The CFO reviews the Form 990 with the members of the Finance Committee. Once all comments have been addressed the Form 990 is filed.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, Part VI, Line 12c The officers, directors, and key employees are required to disclose annually interest that could give rise to conflict. if such conflict arises, the officer, director, or key employee will not be allowed to vote on the issue.

How Documents are Made Available to the Public

Form 990, Part VI, Line 19 The organization makes its governing documents, conflict of interest policy, Form 990 and financial statements available to the public on request. In addition, the Form 990 is available via guidestar and the Massachusetts Attorney General's website

Intercompany Net Asset Reclassification

Form 990, Part XI, Line 9 Intercompany: $1,372

Financial Statement Notes

Schedule D, Part X

Triangle, Inc., Employ + Ability, and Impact, Inc. (collectively, the Organization) are not-for-profit organizations as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and are generally exempt from income taxes pursuant to Section 501(a) of the Code. Flow Enterprises LLC is a disregarded entity for tax purposes and the activity of the entity is reported by Triangle, Inc. on the Federal return. The Organization is required to assess uncertain tax positions and has determined that there were no such positions that are material to the consolidated financial statements.

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