Civic Intelligence

Center for Talent Innovation Inc

990 • Fiscal year 2018 • EIN 13-3730312

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

142 W 57th Street No 11 FLNew York, NY 10019

(212) 315-2333

Siviq Scores

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

Liabilities / Assets

35th percentile

0.15x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • NTEE P • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.06x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • NTEE P • $5M-$10M nonprofits • Source year 2018

Net Margin

67th percentile

5.2%

Higher net margin than 67% of similar nonprofits.

2018 filings • NTEE P • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$268,145

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2018 filings • NTEE P • $5M-$10M nonprofits • Source year 2018

Asset Growth

80th percentile

18%

Faster asset growth than 80% of similar nonprofits.

2018 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

54%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,276,537

Up $352,900 (+18%) from 2017

Net Assets

Up

$1,932,133

Up $286,014 (+17%) from 2017

Liabilities

Up

$344,404

Up $66,886 (+24%) from 2017

Revenue

Up

$5,451,066

Up $1,901,595 (+54%) from 2017

Expenses

Up

$5,165,213

Up $918,351 (+22%) from 2017

Net Income

Up

$285,853

Up $983,244 (+141%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,802,594Liabilities 2011: $185,245Net Assets 2011: $1,617,3492011Assets 2012: $1,884,175Liabilities 2012: $163,054Net Assets 2012: $1,721,1212012Assets 2013: $2,771,755Liabilities 2013: $515,177Net Assets 2013: $2,256,5782013Assets 2014: $2,110,403Liabilities 2014: $255,045Net Assets 2014: $1,855,3582014Assets 2015: $2,674,647Liabilities 2015: $131,345Net Assets 2015: $2,543,3022015Assets 2016: $2,491,571Liabilities 2016: $135,452Net Assets 2016: $2,356,1192016Assets 2017: $1,923,637Liabilities 2017: $277,518Net Assets 2017: $1,646,1192017Assets 2018: $2,276,537Liabilities 2018: $344,404Net Assets 2018: $1,932,1332018Assets 2019: $2,407,084Liabilities 2019: $247,345Net Assets 2019: $2,159,7392019Assets 2020: $3,111,668Liabilities 2020: $386,548Net Assets 2020: $2,725,1202020Assets 2021: $3,954,903Liabilities 2021: $248,668Net Assets 2021: $3,706,2352021Assets 2022: $4,690,740Liabilities 2022: $1,457,343Net Assets 2022: $3,233,3972022Assets 2023: $1,935,361Liabilities 2023: $1,048,032Net Assets 2023: $887,3292023Assets 2024: $1,364,142Liabilities 2024: $905,051Net Assets 2024: $459,0912024

Highlighted filing

2018

Assets$2,276,537
Liabilities$344,404
Net Assets$1,932,133

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,895,599Expenses 2011: $3,046,849Net Income 2011: $848,7502011Expenses 2012: $3,285,3692012Revenue 2013: $4,395,311Expenses 2013: $3,859,943Net Income 2013: $535,3682013Revenue 2014: $4,233,666Expenses 2014: $4,635,059Net Income 2014: -$401,3932014Revenue 2015: $5,024,576Expenses 2015: $4,336,611Net Income 2015: $687,9652015Revenue 2016: $4,153,004Expenses 2016: $4,340,285Net Income 2016: -$187,2812016Revenue 2017: $3,549,471Expenses 2017: $4,246,862Net Income 2017: -$697,3912017Revenue 2018: $5,451,066Expenses 2018: $5,165,213Net Income 2018: $285,8532018Revenue 2019: $4,353,086Expenses 2019: $4,036,598Net Income 2019: $316,4882019Revenue 2020: $4,227,439Expenses 2020: $3,636,955Net Income 2020: $590,4842020Revenue 2021: $4,916,063Expenses 2021: $3,761,772Net Income 2021: $1,154,2912021Revenue 2022: $4,591,472Expenses 2022: $5,016,744Net Income 2022: -$425,2722022Revenue 2023: $3,568,466Expenses 2023: $5,200,361Net Income 2023: -$1,631,8952023Revenue 2024: $3,698,265Expenses 2024: $4,192,582Net Income 2024: -$494,3172024

Highlighted filing

2018

Revenue$5,451,066
Expenses$5,165,213
Net Income$285,853
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$5,451,066
Mission and Program Overview

Mission

Through insightful research and powerful convenings, we inspire and equip leaders to design diverse, inclusive workplaces where every person belongs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$443,217$699,460▲ $256,243
Receivable From Disqualified Prsn$550,857--
Accounts Receivable$75,806$464,808▲ $389,002
Receivables From Officers Etc$22,973$415,641▲ $392,668
Pledges and Grants Receivable$337,500$355,000▲ $17,500
Savings and Temporary Cash Investments$178,748$121,620▼ $57,128
Land, Buildings, and Equipment, Net$130,795$36,264▼ $94,531
Prepaid Expenses and Deferred Charges$46,000$8,928▼ $37,072
Investments in Publicly Traded Securities$1,226$1,387▲ $161
Total Assets$1,923,637$2,276,537▲ $352,900
Other Assets Total$136,515$173,429▲ $36,914
Liabilities
Other Liabilities$80,391$186,378▲ $105,987
Accounts Payable and Accrued Expenses$197,127$126,526▼ $70,601
Deferred Revenue-$31,500-
Total Liabilities$277,518$344,404▲ $66,886
Net Assets / Fund Balance
Unrestricted Net Assets$1,406,119$1,627,133▲ $221,014
Temporarily Rstr Net Assets$240,000$305,000▲ $65,000
Total Net Assets Fund Balance$1,646,119$1,932,133▲ $286,014
Total Liabilities and Net Assets / Fund Balance$1,923,637$2,276,537▲ $352,900

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$0$163,060$163,060
Equipment$36,264$91,657$127,921
Other Land Buildings$0$1,874$1,874
Other Assets Org$173,429--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sylvia Ann HewlettFounder & CEO (resigned 9/2018)FT$264,196$3,949$268,145
Laura SherbinCo-president (resigned 9/2018)FT$210,716$35,392$246,108
Pooja Jain-linkExecutive Vice PresidentFT$168,920$76,107$245,027
Julia Taylor KennedyExecutive Vice PresidentFT$143,633$83,529$227,162
Brandon UrquhartVice PresidentFT$154,921$36,306$191,227
Kennedy IhezieVice PresidentFT$136,936$40,953$177,889
Margaret ShillerSecretary/chief of StaffFT$137,220$37,933$175,153
Ripa RashidCo-president (resigned 9/2018)FT$139,842$25,282$165,124
Jason ZahorchakSVPFT$130,729$20,884$151,613
Trevor PhillipsChairman (resigned 8/2018)-$89,140-$89,140
Patricia Fili-krushelCEO (as of 9/2018)-$40,000-$40,000

Board Members and Trustees

NameTitle
Kerrie PerainoChairman (as of 8/2018)
Ella L J Bell SmithBoard Member
Frances G LasersonBoard Member
Kent a GardinerBoard Member
Mark R StephanzBoard Member
Mary B MulvihillBoard Member
Melinda B WolfeBoard Member
Carolyn Buck LuceBoard Member (resigned 2/2018)
Adam QuintonBoard Member (resigned 5/2018)
Amy EdmondsonBoard Member (resigned 5/2018)
Deborah ElamBoard Member (resigned 5/2018)
Kenji YoshinoBoard Member (resigned 5/2018)
N V TyagarajanBoard Member (resigned 5/2018)
Sallie KrawcheckBoard Member (resigned 5/2018)
Cornel WestBoard Member (resigned 8/2018)
Horacio D RozanskiBoard Member (resigned 9/2018)
Rosalind HudnellBoard Member (resigned 9/2018)
David G RichardsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,188,195
Program Service Revenue
$2,233,063
Investment Income
$281
Other Revenue
$29,527
All Other Contributions
$3,188,195
Change in Net Assets
$285,853

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$33,695Fair Market Value
Total Noncash Contributions1$33,695-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,451,066
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,013,817
Total Revenue per Audited Statements
$6,464,883
Total Revenue per Form 990
$5,451,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,086,913
Other Expenses$2,078,300
Total Fundraising Expense$495,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$1,212,498$394,998$329,092$1,936,588
Other Salaries and Wages$778,116$97,100$37,914$913,130
Occupancy$310,230$76,702$57,205$444,137
Payroll Taxes$127,231$31,453$23,457$182,141
Travel$166,936--$166,936
Fees for Services Legal-$126,688-$126,688
Advertising$110,814--$110,814
Depreciation Depletion$82,726$11,804$9,007$103,537
All Other Expenses$88,168$7,500-$95,668
Office Expenses$59,665$14,752$11,002$85,419
Fees for Services Accounting-$64,603-$64,603
Other Expenses$36,323$7,905$6,829$51,057
Pension Plan Contributions$26,160$6,467$4,823$37,450
Other Employee Benefits$12,297$3,040$2,267$17,604
Insurance$6,697$1,656$1,234$9,587
Total Functional Expenses$3,707,053$962,226$495,934$5,165,213

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,178,869
Expenses per Audited Statements$5,165,213
Total Expenses per Form 990$5,165,213
Expenses Not Reported on Form 990$1,013,656
Expenses Not Reported on Financial Statements$0
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
-Sole Member of LLC & Former CEO of CtiThe LLC Shares Costs With CtiNo$60,903
-Sole Member of LLC & Former CEO of CtiThe LLC Pays Royalties to CtiNo$8,489

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$550,857--
Receivables from Officers, Directors, Trustees, and Key Employees$22,973$415,641▲ $392,668
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Liabilities$110,000
Payroll Liabilities$76,378
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Management duties delegated
No

Governance Explanations

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

A copy of the form 990 is reviewed by the full board and treasurer prior to filing.

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

Each member of the board must annually review the conflict of interest policy and sign the disclosure statement. This is done immediately following the annual meeting, or for new board members, during their orientation.

Form 990, Part VI, Section B, Line 15

The organization hired external consultants to conduct a compensation benchmark study for the ceo, executive vice president/co-president levels, and treasurer/svp. For comparative data, the consultants used organizations of comparable mission and size and controlled for factors, such as geography, and used both publicly available as well as proprietary data. The board of directors reviewed the results of the benchmarking.

Form 990, Part VI, Section C, Line 19

Center for talent innovation, inc. Will make their governing documents, conflict of interest policy as well as their financial statements available upon request. The form 990 is also available upon request in addition to its being posted on guidestar.org.

Filing and Contact Details

Filer

Filer Name
Center for Talent Innovation Inc
EIN
13-3730312
Phone
2123152333
Address
142 W 57TH STREET NO 11 FL, NEW YORK, NY 10019

Signing Officer

Name
Jason Zahorchak
Title
Treasurer
Phone
2123152333
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Fili-krushel
Formed
1993
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
22
Volunteers
9

Preparer

Firm
Lutz and Carr Cpas Llp
Address
551 FIFTH AVENUE SUITE 400, NEW YORK, NY 10176
Preparer
Jennifer Coates
Phone
2126972299
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IRS990/ActivityOrMissionDesc0THROUGH INSIGHTFUL RESEARCH AND POWERFUL CONVENINGS, WE INSPIRE AND EQUIP LEADERS TO DESIGN DIVERSE, INCLUSIVE WORKPLACES WHERE EVERY PERSON BELONGS.
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IRS990/Desc0THE FLAGSHIP PROJECT OF CTI IS THE TASK FORCE FOR TALENT INNOVATION. THE MISSION OF THE TASK FORCE IS TO RESPOND TO THE CHALLENGES POSED BY THE RESEARCH AND CREATE ACTION AND IMPACT. TO DATE, THE TASK FORCE HAS SPEARHEADED MORE THAN 200-PLUS NEW BEST PRACTICES THAT GO BEYOND ACCESS AND OPPORTUNITY TO RETENTION AND ACCELERATION. THIS ACTION ON THE GROUND HAS GARNERED SIGNIFICANT ATTENTION, POSITIONING TASK FORCE MEMBERS AS "THOUGHT LEADERS" IN GLOBAL TALENT MANAGEMENT. THE TASK FORCE IS COMPRISED OF MORE THAN 80 GLOBAL CORPORATIONS AND ORGANIZATIONS REPRESENTING NEARLY 6 MILLION EMPLOYEES IN 192 COUNTRIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN (RESIGNED 8/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN (AS OF 8/2018)
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO (AS OF 9/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER (RESIGNED 5/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER (RESIGNED 5/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER (RESIGNED 9/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER (RESIGNED 5/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER (RESIGNED 2/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER (RESIGNED 5/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER (RESIGNED 9/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER (RESIGNED 5/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER (RESIGNED 8/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER (RESIGNED 5/2018)
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IRS990/Form990PartVIISectionAGrp/TitleTxt22CO-PRESIDENT (RESIGNED 9/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY/CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt24SVP
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE PRESIDENT
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IRS990/PensionPlanContributionsGrp/FundraisingAmt04823
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06467

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$1.36$0.91$0.46$3.70$4.19$0.49
2023Summary only. Only limited summary data is available for this year.$1.94$1.05$0.89$3.57$5.20$1.63
2022Summary only. Only limited summary data is available for this year.$4.69$1.46$3.23$4.59$5.02$0.43
2021Summary only. Only limited summary data is available for this year.$3.95$0.25$3.71$4.92$3.76$1.15
2020Summary only. Only limited summary data is available for this year.$3.11$0.39$2.73$4.23$3.64$0.59
2019Summary only. Only limited summary data is available for this year.$2.41$0.25$2.16$4.35$4.04$0.32
2018Detailed filing. Detailed filing data is available for this year.$2.28$0.34$1.93$5.45$5.17$0.29
2017Summary only. Only limited summary data is available for this year.$1.92$0.28$1.65$3.55$4.25$0.70
2016Summary only. Only limited summary data is available for this year.$2.49$0.14$2.36$4.15$4.34$0.19
2015Summary only. Only limited summary data is available for this year.$2.67$0.13$2.54$5.02$4.34$0.69
2014Summary only. Only limited summary data is available for this year.$2.11$0.26$1.86$4.23$4.64$0.40
2013Summary only. Only limited summary data is available for this year.$2.77$0.52$2.26$4.40$3.86$0.54
2012Summary only. Only limited summary data is available for this year.$1.88$0.16$1.72$3.29
2011Summary only. Only limited summary data is available for this year.$1.80$0.19$1.62$3.90$3.05$0.85
Peer Organizations

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