Civic Intelligence

Absolute Return for Kids Us Inc

990 • Fiscal year 2019 • EIN 13-4147912

Sep 01, 2018 to Aug 31, 2019 • Filed on Jun 30, 2019

16 Ryan StreetSyosset, NY 11791

(212) 417-9404

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

4th percentile

-86%

Faster asset growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-59%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$104,048

Down $621,353 (-86%) from 2018

Net Assets

Down

$96,023

Down $37,348 (-28%) from 2018

Liabilities

Down

$8,025

Down $584,005 (-99%) from 2018

Revenue

Down

$259,497

Down $377,380 (-59%) from 2018

Expenses

Down

$296,845

Down $713,400 (-71%) from 2018

Net Income

Up

-$37,348

Up $336,020 (+90%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,786,804Liabilities 2011: $114,423Net Assets 2011: $1,672,3812011Assets 2012: $582,661Liabilities 2012: $42,218Net Assets 2012: $540,4432012Assets 2013: $601,447Liabilities 2013: $334,902Net Assets 2013: $266,5452013Assets 2014: $276,502Liabilities 2014: $10,000Net Assets 2014: $266,5022014Assets 2015: $357,618Liabilities 2015: $16,515Net Assets 2015: $341,1032015Assets 2016: $172,287Liabilities 2016: $13,904Net Assets 2016: $158,3832016Assets 2017: $524,178Liabilities 2017: $17,439Net Assets 2017: $506,7392017Assets 2018: $725,401Liabilities 2018: $592,030Net Assets 2018: $133,3712018Assets 2019: $104,048Liabilities 2019: $8,025Net Assets 2019: $96,0232019Assets 2020: $17,704Liabilities 2020: $5,000Net Assets 2020: $12,7042020Assets 2021: $124,188Liabilities 2021: $110,500Net Assets 2021: $13,6882021

Highlighted filing

2019

Assets$104,048
Liabilities$8,025
Net Assets$96,023

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,440,9922011Revenue 2012: $2,578,909Expenses 2012: $3,710,847Net Income 2012: -$1,131,9382012Expenses 2013: $765,8572013Revenue 2014: $898,705Expenses 2014: $898,748Net Income 2014: -$432014Revenue 2015: $1,751,322Expenses 2015: $1,676,721Net Income 2015: $74,6012015Revenue 2016: $1,036,554Expenses 2016: $1,219,274Net Income 2016: -$182,7202016Revenue 2017: $1,778,884Expenses 2017: $1,430,528Net Income 2017: $348,3562017Revenue 2018: $636,877Expenses 2018: $1,010,245Net Income 2018: -$373,3682018Revenue 2019: $259,497Expenses 2019: $296,845Net Income 2019: -$37,3482019Revenue 2020: $140,618Expenses 2020: $223,937Net Income 2020: -$83,3192020Revenue 2021: $110,002Expenses 2021: $109,018Net Income 2021: $9842021

Highlighted filing

2019

Revenue$259,497
Expenses$296,845
Net Income-$37,348
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jun 30, 2019
Return Version
2018v3.2
Gross Receipts
$259,497
Mission and Program Overview

Mission

Ark us supports arks international programs, subject to the approval of ark us board of directors, while also exploring new programming ventures in the americas.

Absolute return for kids us, inc.(ark us) supports absolute return for kids (ark), whose purpose is to transform children's lives through helath, education and child protection programs, by building awareness and cultivating individual donors and institutional partners in the us and by developing us-based ark programs. A registered public charity based in new york, ark us offers donors the opportunity to make social investments in arks innovative programs for vulnerable children worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$136,232$100,000▼ $36,232
Savings and Temporary Cash Investments$586,279$3,113▼ $583,166
Prepaid Expenses and Deferred Charges$2,890$935▼ $1,955
Total Assets$725,401$104,048▼ $621,353
Liabilities
Grants Payable$583,030--
Accounts Payable and Accrued Expenses$9,000$8,025▼ $975
Total Liabilities$592,030$8,025▼ $584,005
Net Assets / Fund Balance
Temporarily Rstr Net Assets$136,232--
Unrestricted Net Assets$-2,861$96,023▲ $98,884
Total Net Assets Fund Balance$133,371$96,023▼ $37,348
Total Liabilities and Net Assets / Fund Balance$725,401$104,048▼ $621,353
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gary YannazzoChairman
Anthony ChenDirector
Micky SandallDirector
Suzan RoseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$259,480
Program Service Revenue
$0
Investment Income
$17
Other Revenue
$0
All Other Contributions
$259,480
Change in Net Assets
$-37,348

Audited Revenue Reconciliation

Revenue per Audited Statements
$259,497
Total Revenue per Audited Statements
$259,497
Total Revenue per Form 990
$259,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$279,202
Other Expenses$17,643
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$279,202--$279,202
Fees for Services Accounting-$6,858-$6,858
Fees for Services Other-$6,000-$6,000
Insurance-$4,760-$4,760
Other Expenses-$25-$25
Total Functional Expenses$279,202$17,643$0$296,845

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$296,845
Total Expenses per Audited Statements$296,845
Total Expenses per Form 990$296,845
International Activity

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization circulates a draft copy, in electronic form, of the 990 to the board of directors, providing reasonable time to its members to review and respond before the tax re turn is filed. Subsequently after the completion of the review, the treasurer reviews the final draft and then the tax return is filed.

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

Absolute return for kids us, inc. (ark us) has designated responsibility for monitoring conflicts of interest to an officer of the organization. If upon screening a conflict of interest is identified, ark us makes every effort to ensure it is dealt with swiftly and thoughtfully with review from all relevant parties and legal counsel. If a conflict exists, that person will be recused from participating.

Form 990, Page 6, Part VI, Line 19

Organization retains a hard copy of documents at office in new york, and information is available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Absolute Return for Kids US Inc
EIN
13-4147912
Phone
2124179404
Address
16 RYAN STREET, SYOSSET, NY 11791

Signing Officer

Name
Gary Yannazzo
Title
Chairman
Phone
2124179404
Signed
2019-06-30

Organization Details

Principal Officer
Gary Yannazzo
Formed
2001
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
A Gary Aaronson CPA Pllc
Address
42 WEST 38TH STREET SUITE 1003, NEW YORK, NY 10018-0060
Preparer
A Gary Aaronson
Phone
2126845770
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Absolute return for kids us, inc.(ark us) supports absolute return for kids (ark), whose purpose is to make sure that all children, regardless of their background, have access to a great education. It focuses on three areas: uk education; international education; and education ventures. Uk education: ark is the parent organization of ark schools, one of the uk's top-performing academy networks - with 38 schools and nearly 26,000 pupils the goal is that every child at an ark school has access to the education and skills they need to succeed after school, whether at university and or in the career of their choice. International education: internationally, ark works in partnership to make a difference and spread expertise through initiatives that improve education systems across the world. Our international venture, education partnerships group, is working to bring governments and education organisations closer together to create better schools. In india and uganda. This involves implementing new ways of tracking and improving school quality and student performance. In kenya and south africa. This includes developing low-cost school information systems to support student progress through better use of data. Education ventures: ark incubates, launches and scales innovative ventures which aim to address long-standing educational issues.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt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
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 5, PART V
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ABSOLUTE RETURN FOR KIDS US, INC.(ARK US) SUPPORTS ABSOLUTE RETURN FOR KIDS (ARK), WHOSE PURPOSE IS TO MAKE SURE THAT ALL CHILDREN, REGARDLESS OF THEIR BACKGROUND, HAVE ACCESS TO A GREAT EDUCATION. IT FOCUSES ON THREE AREAS: UK EDUCATION; INTERNATIONAL EDUCATION; AND EDUCATION VENTURES. UK EDUCATION: ARK IS THE PARENT ORGANIZATION OF ARK SCHOOLS, ONE OF THE UK'S TOP-PERFORMING ACADEMY NETWORKS - WITH 38 SCHOOLS AND NEARLY 26,000 PUPILS THE GOAL IS THAT EVERY CHILD AT AN ARK SCHOOL HAS ACCESS TO THE EDUCATION AND SKILLS THEY NEED TO SUCCEED AFTER SCHOOL, WHETHER AT UNIVERSITY AND OR IN THE CAREER OF THEIR CHOICE. INTERNATIONAL EDUCATION: INTERNATIONALLY, ARK WORKS IN PARTNERSHIP TO MAKE A DIFFERENCE AND SPREAD EXPERTISE THROUGH INITIATIVES THAT IMPROVE EDUCATION SYSTEMS ACROSS THE WORLD. OUR INTERNATIONAL VENTURE, EDUCATION PARTNERSHIPS GROUP, IS WORKING TO BRING GOVERNMENTS AND EDUCATION ORGANISATIONS CLOSER TOGETHER TO CREATE BETTER SCHOOLS. IN INDIA AND UGANDA. THIS INVOLVES IMPLEMENTING NEW WAYS OF TRACKING AND IMPROVING SCHOOL QUALITY AND STUDENT PERFORMANCE. IN KENYA AND SOUTH AFRICA. THIS INCLUDES DEVELOPING LOW-COST SCHOOL INFORMATION SYSTEMS TO SUPPORT STUDENT PROGRESS THROUGH BETTER USE OF DATA. EDUCATION VENTURES: ARK INCUBATES, LAUNCHES AND SCALES INNOVATIVE VENTURES WHICH AIM TO ADDRESS LONG-STANDING EDUCATIONAL ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CIRCULATES A DRAFT COPY, IN ELECTRONIC FORM, OF THE 990 TO THE BOARD OF DIRECTORS, PROVIDING REASONABLE TIME TO ITS MEMBERS TO REVIEW AND RESPOND BEFORE THE TAX RE TURN IS FILED. SUBSEQUENTLY AFTER THE COMPLETION OF THE REVIEW, THE TREASURER REVIEWS THE FINAL DRAFT AND THEN THE TAX RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ABSOLUTE RETURN FOR KIDS US, INC. (ARK US) HAS DESIGNATED RESPONSIBILITY FOR MONITORING CONFLICTS OF INTEREST TO AN OFFICER OF THE ORGANIZATION. IF UPON SCREENING A CONFLICT OF INTEREST IS IDENTIFIED, ARK US MAKES EVERY EFFORT TO ENSURE IT IS DEALT WITH SWIFTLY AND THOUGHTFULLY WITH REVIEW FROM ALL RELEVANT PARTIES AND LEGAL COUNSEL. IF A CONFLICT EXISTS, THAT PERSON WILL BE RECUSED FROM PARTICIPATING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION RETAINS A HARD COPY OF DOCUMENTS AT OFFICE IN NEW YORK, AND INFORMATION IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279202
IRS990/TotalFunctionalExpensesGrp/TotalAmt0296845
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0592030
IRS990/TotalLiabilitiesEOYAmt08025
IRS990/TotalLiabilitiesGrp/BOYAmt0592030
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt096023
IRS990/TotalProgramServiceExpensesAmt0279202
IRS990/TotalRevenueGrp/ExclusionAmt017
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0259497
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0725401
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0104048
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-2861
IRS990/UnrestrictedNetAssetsGrp/EOYAmt096023
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016 RYAN STREET
IRS990/USAddress/CityNm0SYOSSET
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011791
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IRS990/WebsiteAddressTxt0WWW.US.ARKONLINE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GARY YANNAZZO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02124179404
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABSOLUTE RETURN FOR KIDS US INC
ReturnHeader/Filer/BusinessNameControlTxt0ABSO
ReturnHeader/Filer/EIN0134147912
ReturnHeader/Filer/PhoneNum02124179404
ReturnHeader/Filer/USAddress/AddressLine1Txt016 RYAN STREET
ReturnHeader/Filer/USAddress/CityNm0SYOSSET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011791
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId049871656AF9A8460D0CAE2C6EF1228358D2692A8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId049871656AF9A8460D0CAE2C6EF1228358D2692A8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.37.240.239
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:12:44
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A GARY AARONSON CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt042 WEST 38TH STREET SUITE 1003
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100180060
ReturnHeader/PreparerPersonGrp/PhoneNum02126845770
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A GARY AARONSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-07-14T09:12:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

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