Civic Intelligence

Olaleye Communications Inc

990EZ • Fiscal year 2022 • EIN 04-2957149

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 05, 2023

71 Windsor StBoston, MA 02120

(857) 389-8986

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

15th percentile

-28%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

7th percentile

-61%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-23%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,276

Down $3,518 (-61%) from 2021

Net Assets

Down

$2,276

Down $3,518 (-61%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Down

$12,500

Down $3,815 (-23%) from 2021

Expenses

Down

$16,018

Down $1,343 (-7.7%) from 2021

Net Income

Down

-$3,518

Down $2,472 (-236%) from 2021

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0-$10KAssets 2010: $1,340Liabilities 2010: $9,0382010Assets 2012: $1,101Liabilities 2012: $9,0382012Assets 2013: $3,301Liabilities 2013: $9,0382013Assets 2014: $19Liabilities 2014: $9,0382014Assets 2015: $59Liabilities 2015: $9,9292015Assets 2016: $50Liabilities 2016: $9,2122016Assets 2017: $20Liabilities 2017: $9,3002017Assets 2018: $23,156Liabilities 2018: $0Net Assets 2018: $23,1562018Assets 2019: $298Liabilities 2019: $0Net Assets 2019: $2982019Assets 2020: $6,840Liabilities 2020: $0Net Assets 2020: $6,8402020Assets 2021: $5,794Liabilities 2021: $0Net Assets 2021: $5,7942021Assets 2022: $2,276Liabilities 2022: $0Net Assets 2022: $2,2762022Assets 2023: $18,346Liabilities 2023: $0Net Assets 2023: $18,3462023Assets 2024: $12,275Liabilities 2024: $12,697Net Assets 2024: -$4222024

Highlighted filing

2022

Assets$2,276
Liabilities$0
Net Assets$2,276

Operations Trend

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

$100K$50K$0-$50KRevenue 2010: $7,270Expenses 2010: $8,210Net Income 2010: -$9402010Revenue 2012: $8,470Expenses 2012: $8,709Net Income 2012: -$2392012Revenue 2013: $9,836Expenses 2013: $8,093Net Income 2013: $1,7432013Revenue 2014: $2,371Expenses 2014: $5,653Net Income 2014: -$3,2822014Revenue 2015: $3,270Expenses 2015: $4,121Net Income 2015: -$8512015Revenue 2016: $6,185Expenses 2016: $5,477Net Income 2016: $7082016Revenue 2017: $4,828Expenses 2017: $4,946Net Income 2017: -$1182017Revenue 2018: $44,115Expenses 2018: $11,679Net Income 2018: $32,4362018Revenue 2019: $4,675Expenses 2019: $27,533Net Income 2019: -$22,8582019Revenue 2020: $11,549Expenses 2020: $5,007Net Income 2020: $6,5422020Revenue 2021: $16,315Expenses 2021: $17,361Net Income 2021: -$1,0462021Revenue 2022: $12,500Expenses 2022: $16,018Net Income 2022: -$3,5182022Revenue 2023: $45,860Expenses 2023: $29,790Net Income 2023: $16,0702023Revenue 2024: $68,826Expenses 2024: $87,594Net Income 2024: -$18,7682024

Highlighted filing

2022

Revenue$12,500
Expenses$16,018
Net Income-$3,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 5, 2023
Return Version
2022v5.0
Gross Receipts
$12,500
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

DescriptionGrantsExpenses
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

Employees

NameTitleFull / Part TimeBaseOtherTotal
REGINALD JACKSONPresident-$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
2023-04-05
Discuss with paid preparer
No

Preparer

Firm
Hrb Tax Group Inc
Address
1301 MAIN ST STE 104E, KANSAS CITY, MO 64105
Preparer
Zenaida Faller
Phone
8004725625
Supplemental Narrative

Additional Explanations

Part 1, Line 16

Other expenses: supplies and materials - $11,016; ma annual corporate filing fee - $35; bank service fee - $24; website fee - $252

Part 1, Ine 13

Professional fees: tax preparation fee - $600

Raw XML Appendix121 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0REGINALD JACKSON
IRS990EZ/BooksInCareOfDetail/PhoneNum08573898986
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt071 WINDSOR STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Roxbury Crossing
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002120
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05794
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02276
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt012500
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-3518
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0600
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05794
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02276
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt012500
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05794
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02276
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05794
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02276
IRS990EZ/OccupancyRentUtltsAndMaintAmt03585
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0REGINALD JACKSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt011327
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DISTRIBUTE 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/PrintingPublicationsPostageAmt0506
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE 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/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt016018
IRS990EZ/TotalRevenueAmt012500
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0OLALEYE.ORG
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016315
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011549
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt044115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt089154
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt089154
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt012500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016315
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt011549
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt044115
IRS990ScheduleA/Total509Grp/TotalAmt089154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt012500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt016315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt011549
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt044115
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt089154
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER EXPENSES: SUPPLIES AND MATERIALS - $11,016; MA ANNUAL CORPORATE FILING FEE - $35; BANK SERVICE FEE - $24; WEBSITE FEE - $252
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROFESSIONAL FEES: TAX PREPARATION FEE - $600
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART 1, INE 13
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0REGINALD JACKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08573898986
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLALEYE COMMUNICATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0OLAL
ReturnHeader/Filer/EIN0042957149
ReturnHeader/Filer/PhoneNum08573898986
ReturnHeader/Filer/USAddress/AddressLine1Txt071 WINDSOR ST
ReturnHeader/Filer/USAddress/CityNm0Boston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002120
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431871840
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HRB TAX GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01301 MAIN ST STE 104E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064105
ReturnHeader/PreparerPersonGrp/PhoneNum08004725625
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Zenaida Faller
ReturnHeader/ReturnTs02023-11-10T17:21:17Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0REGINALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JACKSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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