Civic Intelligence

Sesame Flyers International Inc.

990 • Fiscal year 2015 • EIN 11-2692485

Jul 01, 2014 to Jun 30, 2015 • Filed on Jul 26, 2016

3510 Church AvenueBrooklyn, NY 11203

(718) 693-0500

Siviq Scores

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

Liabilities / Assets

100th percentile

5.17x

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

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.44x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Net Margin

29th percentile

-5.4%

Higher net margin than 29% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$156,589

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2015 filings • NTEE A • $1M-$5M nonprofits • Source year 2015

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

29%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$235,350

Down $58,897 (-20%) from 2014

Net Assets

Down

-$981,245

Down $135,797 (-16%) from 2014

Liabilities

Up

$1,216,595

Up $76,900 (+6.7%) from 2014

Revenue

Up

$2,761,365

Up $628,741 (+29%) from 2014

Expenses

Up

$2,909,521

Up $548,464 (+23%) from 2014

Net Income

Up

-$148,156

Up $80,277 (+35%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $483,198Liabilities 2011: $1,144,145Net Assets 2011: -$660,9472011Assets 2012: $376,628Liabilities 2012: $904,983Net Assets 2012: -$528,3552012Assets 2013: $258,380Liabilities 2013: $875,395Net Assets 2013: -$617,0152013Assets 2014: $294,247Liabilities 2014: $1,139,695Net Assets 2014: -$845,4482014Assets 2015: $235,350Liabilities 2015: $1,216,595Net Assets 2015: -$981,2452015Assets 2016: $297,152Liabilities 2016: $1,421,550Net Assets 2016: -$1,124,3982016Assets 2017: $394,303Liabilities 2017: $597,418Net Assets 2017: -$203,1152017Assets 2018: $657,369Liabilities 2018: $818,888Net Assets 2018: -$161,5192018Assets 2019: $489,871Liabilities 2019: $630,185Net Assets 2019: -$140,3142019Assets 2020: $417,993Liabilities 2020: $367,801Net Assets 2020: $50,1922020Assets 2021: $718,920Liabilities 2021: $637,314Net Assets 2021: $81,6062021Assets 2022: $1,267,794Liabilities 2022: $823,806Net Assets 2022: $443,9882022Assets 2023: $539,335Liabilities 2023: $1,231,566Net Assets 2023: -$692,2312023Assets 2024: $1,701,726Liabilities 2024: $1,649,175Net Assets 2024: $52,5512024

Highlighted filing

2015

Assets$235,350
Liabilities$1,216,595
Net Assets-$981,245

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,914,804Expenses 2011: $2,494,092Net Income 2011: -$579,2882011Revenue 2012: $1,991,868Expenses 2012: $2,186,464Net Income 2012: -$194,5962012Revenue 2013: $1,960,263Expenses 2013: $2,127,518Net Income 2013: -$167,2552013Revenue 2014: $2,132,624Expenses 2014: $2,361,057Net Income 2014: -$228,4332014Revenue 2015: $2,761,365Expenses 2015: $2,909,521Net Income 2015: -$148,1562015Revenue 2016: $2,750,136Expenses 2016: $2,893,289Net Income 2016: -$143,1532016Revenue 2017: $2,402,208Expenses 2017: $2,397,256Net Income 2017: $4,9522017Revenue 2018: $2,440,888Expenses 2018: $2,425,880Net Income 2018: $15,0082018Revenue 2019: $2,893,529Expenses 2019: $2,872,324Net Income 2019: $21,2052019Revenue 2020: $3,041,074Expenses 2020: $2,850,568Net Income 2020: $190,5062020Revenue 2021: $2,810,501Expenses 2021: $2,779,087Net Income 2021: $31,4142021Revenue 2022: $4,096,014Expenses 2022: $3,733,632Net Income 2022: $362,3822022Revenue 2023: $3,531,500Expenses 2023: $4,210,940Net Income 2023: -$679,4402023Revenue 2024: $4,468,271Expenses 2024: $4,109,950Net Income 2024: $358,3212024

Highlighted filing

2015

Revenue$2,761,365
Expenses$2,909,521
Net Income-$148,156
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jul 26, 2016
Return Version
2014v6.0
Gross Receipts
$2,761,365
Mission and Program Overview

Mission

To provide a range of youth development, cultural, social welfare and supportive services to individuals and families residing in brooklyn, new york.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$263,349$208,971▼ $54,378
Land, Buildings, and Equipment, Net$29,192$21,919▼ $7,273
Cash and Non-Interest-Bearing Accounts$2,985$4,460▲ $1,475
Total Assets$295,526$235,350▼ $60,176
Liabilities
Accounts Payable and Accrued Expenses$967,241$1,051,036▲ $83,795
Other Liabilities$156,374$163,559▲ $7,185
Unsecured Notes Loans Payable$5,000$2,000▼ $3,000
Total Liabilities$1,128,615$1,216,595▲ $87,980
Net Assets / Fund Balance
Unrestricted Net Assets$-833,089$-981,245▼ $148,156
Total Net Assets Fund Balance$-833,089$-981,245▼ $148,156
Total Liabilities and Net Assets / Fund Balance$295,526$235,350▼ $60,176

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,919$195,081-
Other Land Buildings$2,000$13,345-
Equipment-$68,700-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gloria OwensExecutive DiFT$156,589$156,589
Curtis NelsonExecutive Director-$156,589$156,589

Board Members and Trustees

NameTitle
Curtis NelsonChairman
Janet CummingsVice Chairpe
Pearl ElieDirector
Winston BushnellDirector
Wrickford DafgettyDirector
Raymond LukeSecretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,761,235
Program Service Revenue
$0
Investment Income
$130
Other Revenue
$0
All Other Contributions
$6,706
Change in Net Assets
$-148,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,761,365
Total Revenue per Audited Statements
$2,761,365
Total Revenue per Form 990
$2,761,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,986,773
Other Expenses$922,748
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,586,861--$1,586,861
Payroll Taxes$173,223$13,180-$186,403
Fees for Services Accounting$183,826--$183,826
Current Officers, Directors, Trustees, and Key Employees-$156,589-$156,589
All Other Expenses$113,829$9,421-$123,250
Insurance$67,822--$67,822
Other Expenses$64,046$71,567-$64,046
Other Employee Benefits$56,920--$56,920
Office Expenses$28,317$9,922-$38,239
Interest-$25,466-$25,466
Travel$17,603--$17,603
Total Functional Expenses$2,623,349$286,172$0$2,909,521

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,909,521
Total Expenses per Audited Statements$2,909,521
Total Expenses per Form 990$2,909,521
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
Yes
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Secured Mortgage and Note Payable$125,000
Other Liabilities - Current$38,559
Deffered Liabilities - Long Term-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization elects members to the board of directors. These members vote on the policies,procedures and processes of the organization. The election of new members are recommended by current board members, and subject to vote and approval by the majority members of the board the organization elects members to the board of directors. These members vote on the policies,procedures and processes of the organization. The election of new members are recommended by current board members, and subject to vote and approval by the majority members of the board

Form 990, Page 6, Part VI, Line 7A

The organization elects members to the board of directors. These members vote on the policies,procedures and processes of the organization. The election of new members are recommended by current board members, and subject to vote and approval by the majority members of the board

Form 990, Page 6, Part VI, Line 7B

Occasionally, some decisions of the organization's governing body may be subject to approval by funders, particularly by government agencies that provide funding for the many programs operated by the organization.

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

The organization's review the form 990 for accuracy against the books and records maintained in connection with financial reporting. Upon completion, it is reviewed with the executive director prior to providing copies to the members of the board of directors. The document is then reviewed by the entire board before filing.

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

The organization regularly and consistantly monitors compliance with the policy through interviews with officers, directors and key employees on a bi-annual basis to ensure their adherence to the policy.

Form 990, Page 6, Part VI, Line 15A

Compensation for the executive director and top management is determined by utilizing comparability data from non-profit and salary compensation surveys published by the non-profit industry associations. The surveys are rewiewed by the board of directors, paying particular attention to salary ranges and other compensation data for organizations of comparative size and mission, prior to voting on the compensation package. In addition, any restrictions placed by funders with regards to salary and compensation limits are also complied with.

Form 990, Page 6, Part VI, Line 15B

Compensation for the other officers or key employees is determined by utilizing comparability data from non-profit and salary compensation surveys published by the non-profit industry associations. The surveys are rewiewed by the board of directors, paying particular attention to salary ranges and other compensation data for organizations of comparative size and mission, prior to voting on the compensation package. In addition, any restrictions placed by funders with regards to salary and compensation limits are also complied with.

Form 990, Page 6, Part VI, Line 19

The agency's governing documents, conflict of interest policy and financial statements are made available for inspection by the general public upon request at the corporate office. Copies of the documents can also be made available by mail to those who request it.

Filing and Contact Details

Filer

Filer Name
Sesame Flyers International Inc
EIN
11-2692485
Phone
7186930500
Address
3510 CHURCH AVENUE, BROOKLYN, NY 11203

Signing Officer

Name
Curtis Nelson
Title
Executive Director
Phone
7186930500
Signed
2016-07-26

Organization Details

Principal Officer
Curtis Nelson
Formed
1983
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
117

Preparer

Firm
Kevin Dawud Amin LLC
Address
65 MAIN ST STE 615, BROOKLYN, NY 11201
Preparer
Norman Bailey
Phone
7188750556
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ELECTS MEMBERS TO THE BOARD OF DIRECTORS. THESE MEMBERS VOTE ON THE POLICIES,PROCEDURES AND PROCESSES OF THE ORGANIZATION. THE ELECTION OF NEW MEMBERS ARE RECOMMENDED BY CURRENT BOARD MEMBERS, AND SUBJECT TO VOTE AND APPROVAL BY THE MAJORITY MEMBERS OF THE BOARD THE ORGANIZATION ELECTS MEMBERS TO THE BOARD OF DIRECTORS. THESE MEMBERS VOTE ON THE POLICIES,PROCEDURES AND PROCESSES OF THE ORGANIZATION. THE ELECTION OF NEW MEMBERS ARE RECOMMENDED BY CURRENT BOARD MEMBERS, AND SUBJECT TO VOTE AND APPROVAL BY THE MAJORITY MEMBERS OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ELECTS MEMBERS TO THE BOARD OF DIRECTORS. THESE MEMBERS VOTE ON THE POLICIES,PROCEDURES AND PROCESSES OF THE ORGANIZATION. THE ELECTION OF NEW MEMBERS ARE RECOMMENDED BY CURRENT BOARD MEMBERS, AND SUBJECT TO VOTE AND APPROVAL BY THE MAJORITY MEMBERS OF THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OCCASIONALLY, SOME DECISIONS OF THE ORGANIZATION'S GOVERNING BODY MAY BE SUBJECT TO APPROVAL BY FUNDERS, PARTICULARLY BY GOVERNMENT AGENCIES THAT PROVIDE FUNDING FOR THE MANY PROGRAMS OPERATED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S REVIEW THE FORM 990 FOR ACCURACY AGAINST THE BOOKS AND RECORDS MAINTAINED IN CONNECTION WITH FINANCIAL REPORTING. UPON COMPLETION, IT IS REVIEWED WITH THE EXECUTIVE DIRECTOR PRIOR TO PROVIDING COPIES TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE DOCUMENT IS THEN REVIEWED BY THE ENTIRE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTANTLY MONITORS COMPLIANCE WITH THE POLICY THROUGH INTERVIEWS WITH OFFICERS, DIRECTORS AND KEY EMPLOYEES ON A BI-ANNUAL BASIS TO ENSURE THEIR ADHERENCE TO THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE EXECUTIVE DIRECTOR AND TOP MANAGEMENT IS DETERMINED BY UTILIZING COMPARABILITY DATA FROM NON-PROFIT AND SALARY COMPENSATION SURVEYS PUBLISHED BY THE NON-PROFIT INDUSTRY ASSOCIATIONS. THE SURVEYS ARE REWIEWED BY THE BOARD OF DIRECTORS, PAYING PARTICULAR ATTENTION TO SALARY RANGES AND OTHER COMPENSATION DATA FOR ORGANIZATIONS OF COMPARATIVE SIZE AND MISSION, PRIOR TO VOTING ON THE COMPENSATION PACKAGE. IN ADDITION, ANY RESTRICTIONS PLACED BY FUNDERS WITH REGARDS TO SALARY AND COMPENSATION LIMITS ARE ALSO COMPLIED WITH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR THE OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY UTILIZING COMPARABILITY DATA FROM NON-PROFIT AND SALARY COMPENSATION SURVEYS PUBLISHED BY THE NON-PROFIT INDUSTRY ASSOCIATIONS. THE SURVEYS ARE REWIEWED BY THE BOARD OF DIRECTORS, PAYING PARTICULAR ATTENTION TO SALARY RANGES AND OTHER COMPENSATION DATA FOR ORGANIZATIONS OF COMPARATIVE SIZE AND MISSION, PRIOR TO VOTING ON THE COMPENSATION PACKAGE. IN ADDITION, ANY RESTRICTIONS PLACED BY FUNDERS WITH REGARDS TO SALARY AND COMPENSATION LIMITS ARE ALSO COMPLIED WITH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE AGENCY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST AT THE CORPORATE OFFICE. COPIES OF THE DOCUMENTS CAN ALSO BE MADE AVAILABLE BY MAIL TO THOSE WHO REQUEST IT.
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ReturnHeader/BusinessOfficerGrp/PhoneNum07186930500
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-27
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ReturnHeader/ReturnTs02016-07-27T09:58:20-05:00
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ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$1.65$0.05$4.47$4.11$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.54$1.23$0.69$3.53$4.21$0.68
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.82$0.44$4.10$3.73$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.72$0.64$0.08$2.81$2.78$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.42$0.37$0.05$3.04$2.85$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.63$0.14$2.89$2.87$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.82$0.16$2.44$2.43$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.60$0.20$2.40$2.40$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.30$1.42$1.12$2.75$2.89$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.24$1.22$0.98$2.76$2.91$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.29$1.14$0.85$2.13$2.36$0.23
2013Summary only. Only limited summary data is available for this year.$0.26$0.88$0.62$1.96$2.13$0.17
2012Summary only. Only limited summary data is available for this year.$0.38$0.90$0.53$1.99$2.19$0.19
2011Summary only. Only limited summary data is available for this year.$0.48$1.14$0.66$1.91$2.49$0.58