Olaleye Communications Inc

990EZ • Fiscal year 2020 • EIN 04-2957149

Jan 01, 2020 to Dec 31, 2020 • Filed on May 16, 2021

Organization Profile OLALEYE.ORG

71 Windsor StBoston, MA 02120

(857) 389-8986

Siviq Scores

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

57%

Higher net margin than 91% of similar nonprofits.

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

Higher top officer pay than 76% of similar nonprofits.

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

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

2195%

Faster asset growth than 99% of similar nonprofits.

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

147%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet

Liabilities / Assets55th percentile

Assets

$6,840

Up $6,542 (+2195%) from 2019

Net Assets

$6,840

Up $6,542 (+2195%) from 2019

Liabilities

Flat

Flat from 2019

Revenue And Expenses

Liabilities / Revenue55th percentile Net Margin91st percentile

Revenue

$11,549

Up $6,874 (+147%) from 2019

Expenses

Down

$5,007

Down $22,526 (-82%) from 2019

Net Income

$6,542

Up $29,400 (+129%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

Highlighted filing

2020

Assets$6,840

Liabilities$0

Net Assets$6,840

Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

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

Highlighted filing

2020

Revenue$11,549

Expenses$5,007

Net Income$6,542

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2020 to Dec 31, 2020
Signed: May 16, 2021
Return Version: 2020v4.1
Gross Receipts: $11,549

Mission and Program Overview

Mission

Distribute educational, visual, and cultural information pertaining to the black experience and the experiences of people of color. Be a resource base for young people and schools, interested community leaders, educators, artists, historians, and scholars. Implement projects and acitivities that bring expanded world view of africanism and african culture. Raise consciousness to the value of african heritage, and to provide specifice visual images about what the heritage is and how pervasive those images are.

Program Services

Description	Grants	Expenses
THE ORGANIZATION WAS ABLE TO COLLABORATE WITH THE LIBRARY OF CONGRESS FOR THE CATALOG AND EXHIBITION OF THE AFRICAN ARTS AND IMAGES. THE ORGANIZATION ALSO HOSTED AND SUPPORTED THE EXPENSES INCURRED BY AN AMERICAN VISUAL ARTIST TO COLLABORATE WITH AFRICAN (GHANAIAN) HISTORIAN. THE ORGANIZATION CONTINUED TO CONDUCT RESEARCH ACTIVITIES AND TO GATHER MATERIALS THAT WOULD FURTHER PROVIDE THE VISUALS PERTAINING TO THE BLACK HERITAGE.	-	-

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
REGINALD JACKSON	President	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Olaleye Communications Inc
EIN: 04-2957149
Phone: 8573898986
Address: 71 WINDSOR ST, Boston, MA 02120

Signing Officer

Name: Reginald Jackson
Title: President
Phone: 8573898986
Signed: 2021-05-16
Discuss with paid preparer: No

Preparer

Firm: Block Advisors
Address: 674 678 MASSACHUSETTS AVE, CAMBRIDGE, MA 02139
Preparer: Zenaida Faller
Phone: 6174417800

Supplemental Narrative

Additional Explanations

Part 1,M Line 13 - Professional Fees

“Tax preparation fee - $800”

Part 1, Line 14 - Occupancy, Rent, Utilities

“Storage fees and rent - $572; cellphone - $782; utilities - $60”

Part 1, Line 15 - Printing, Publication, Portage

“Mailing and postage - $523”

Part 1, Line 16 - Other Expenses

“Internet - $1,020; supplies and materials - $273; transportation - $193; office expenses - $604; ma annual filing fees - $135; research fees - $45”

Raw XML Appendix120 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.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	REGINALD JACKSON
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8573898986
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	71 WINDSOR STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	Roxbury Crossing
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	02120
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	298
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	6840
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	11549
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	6542
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	800
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	298
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	6840
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	11549
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	298
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	6840
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	298
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	6840
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	1414
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	REGINALD JACKSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherExpensesTotalAmt	0	2270
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	DISTRIBUTE EDUCATIONAL, VISUAL, AND CULTURAL INFORMATION PERTAINING TO THE BLACK EXPERIENCE AND THE EXPERIENCES OF PEOPLE OF COLOR. BE A RESOURCE BASE FOR YOUNG PEOPLE AND SCHOOLS, INTERESTED COMMUNITY LEADERS, EDUCATORS, ARTISTS, HISTORIANS, AND SCHOLARS. IMPLEMENT PROJECTS AND ACITIVITIES THAT BRING EXPANDED WORLD VIEW OF AFRICANISM AND AFRICAN CULTURE. RAISE CONSCIOUSNESS TO THE VALUE OF AFRICAN HERITAGE, AND TO PROVIDE SPECIFICE VISUAL IMAGES ABOUT WHAT THE HERITAGE IS AND HOW PERVASIVE THOSE IMAGES ARE.
IRS990EZ/PrintingPublicationsPostageAmt	0	523
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	THE ORGANIZATION WAS ABLE TO COLLABORATE WITH THE LIBRARY OF CONGRESS FOR THE CATALOG AND EXHIBITION OF THE AFRICAN ARTS AND IMAGES. THE ORGANIZATION ALSO HOSTED AND SUPPORTED THE EXPENSES INCURRED BY AN AMERICAN VISUAL ARTIST TO COLLABORATE WITH AFRICAN (GHANAIAN) HISTORIAN. THE ORGANIZATION CONTINUED TO CONDUCT RESEARCH ACTIVITIES AND TO GATHER MATERIALS THAT WOULD FURTHER PROVIDE THE VISUALS PERTAINING TO THE BLACK HERITAGE.
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	MA
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	5007
IRS990EZ/TotalRevenueAmt	0	11549
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	OLALEYE.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	11549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	4675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	44115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	4828
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	6185
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	71352
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	71352
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	11549
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	4675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	44115
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	4828
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	6185
IRS990ScheduleA/Total509Grp/TotalAmt	0	71352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	11549
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	4675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	44115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	4828
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	6185
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	71352
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	TAX PREPARATION FEE - $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	STORAGE FEES AND RENT - $572; CELLPHONE - $782; UTILITIES - $60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	MAILING AND POSTAGE - $523
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	INTERNET - $1,020; SUPPLIES AND MATERIALS - $273; TRANSPORTATION - $193; OFFICE EXPENSES - $604; MA ANNUAL FILING FEES - $135; RESEARCH FEES - $45
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART 1,M LINE 13 - PROFESSIONAL FEES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	PART 1, LINE 14 - OCCUPANCY, RENT, UTILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	PART 1, LINE 15 - PRINTING, PUBLICATION, PORTAGE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	PART 1, LINE 16 - OTHER EXPENSES
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	false
ReturnHeader/BusinessOfficerGrp/PersonNm	0	REGINALD JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8573898986
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	OLALEYE COMMUNICATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt	0	OLAL
ReturnHeader/Filer/EIN	0	042957149
ReturnHeader/Filer/PhoneNum	0	8573898986
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	71 WINDSOR ST
ReturnHeader/Filer/USAddress/CityNm	0	Boston
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MA
ReturnHeader/Filer/USAddress/ZIPCd	0	02120
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	431871840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Block Advisors
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	674 678 MASSACHUSETTS AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	CAMBRIDGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	02139
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6174417800
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	Zenaida Faller
ReturnHeader/ReturnTs	0	2021-11-15T17:53:04Z
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	REGINALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	JACKSON
ReturnHeader/TaxPeriodBeginDt	0	2020-01-01
ReturnHeader/TaxPeriodEndDt	0	2020-12-31
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $6,840
Liabilities: $0
Net assets: $6,840
Revenue: $11,549
Expenses: $5,007
Net income: $6,542

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$12.3	$12.7	$0.42	$68.8	$87.6	$18.8
2023Detailed filing. Detailed filing data is available for this year.	$18.3	$0.00	$18.3	$45.9	$29.8	$16.1
2022Detailed filing. Detailed filing data is available for this year.	$2.28	$0.00	$2.28	$12.5	$16.0	$3.52
2021Detailed filing. Detailed filing data is available for this year.	$5.79	$0.00	$5.79	$16.3	$17.4	$1.05
2020Detailed filing. Detailed filing data is available for this year.	$6.84	$0.00	$6.84	$11.5	$5.01	$6.54
2019Detailed filing. Detailed filing data is available for this year.	$0.30	$0.00	$0.30	$4.68	$27.5	$22.9
2018Detailed filing. Detailed filing data is available for this year.	$23.2	$0.00	$23.2	$44.1	$11.7	$32.4
2017Summary only. Only limited summary data is available for this year.	$0.02	$9.30		$4.83	$4.95	$0.12
2016Summary only. Only limited summary data is available for this year.	$0.05	$9.21		$6.19	$5.48	$0.71
2015Summary only. Only limited summary data is available for this year.	$0.06	$9.93		$3.27	$4.12	$0.85
2014Summary only. Only limited summary data is available for this year.	$0.02	$9.04		$2.37	$5.65	$3.28
2013Summary only. Only limited summary data is available for this year.	$3.30	$9.04		$9.84	$8.09	$1.74
2012Summary only. Only limited summary data is available for this year.	$1.10	$9.04		$8.47	$8.71	$0.24
2010Summary only. Only limited summary data is available for this year.	$1.34	$9.04		$7.27	$8.21	$0.94