Civic Intelligence

The Memory Project Inc.

990 • Fiscal year 2021 • EIN 20-1802885

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 26, 2022

2163 N Gateway StMiddleton, WI 53562

(608) 467-0974

Siviq Scores

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

Liabilities / Assets

78th percentile

0.27x

Higher debt load relative to assets than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.33x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

73rd percentile

30%

Higher net margin than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

82nd percentile

$80,191

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

91st percentile

104%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

65%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$559,369

Up $284,855 (+104%) from 2020

Net Assets

Up

$409,469

Up $134,955 (+49%) from 2020

Liabilities

Up

$149,900

Up $149,900 from 2020

Revenue

Up

$448,732

Up $176,636 (+65%) from 2020

Expenses

Up

$313,778

Up $150,362 (+92%) from 2020

Net Income

Up

$134,954

Up $26,274 (+24%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $28,189Liabilities 2011: $02011Assets 2012: $40,060Liabilities 2012: $02012Assets 2013: $36,557Liabilities 2013: $02013Assets 2014: $59,442Liabilities 2014: $02014Assets 2015: $53,267Liabilities 2015: $02015Assets 2016: $92,284Liabilities 2016: $0Net Assets 2016: $92,2842016Assets 2017: $90,736Liabilities 2017: $0Net Assets 2017: $90,7362017Assets 2018: $145,701Liabilities 2018: $0Net Assets 2018: $145,7012018Assets 2019: $165,834Liabilities 2019: $0Net Assets 2019: $165,8342019Assets 2020: $274,514Liabilities 2020: $0Net Assets 2020: $274,5142020Assets 2021: $559,369Liabilities 2021: $149,900Net Assets 2021: $409,4692021Assets 2022: $646,005Liabilities 2022: $146,710Net Assets 2022: $499,2952022Assets 2023: $712,678Liabilities 2023: $138,437Net Assets 2023: $574,2412023Assets 2024: $790,744Liabilities 2024: $129,310Net Assets 2024: $661,4342024

Highlighted filing

2021

Assets$559,369
Liabilities$149,900
Net Assets$409,469

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $122,360Expenses 2011: $123,220Net Income 2011: -$8602011Revenue 2012: $173,760Expenses 2012: $158,848Net Income 2012: $14,9122012Revenue 2013: $164,038Expenses 2013: $166,065Net Income 2013: -$2,0272013Revenue 2014: $175,836Expenses 2014: $152,113Net Income 2014: $23,7232014Revenue 2015: $166,901Expenses 2015: $172,608Net Income 2015: -$5,7072015Revenue 2016: $258,164Expenses 2016: $219,147Net Income 2016: $39,0172016Revenue 2017: $255,172Expenses 2017: $256,720Net Income 2017: -$1,5482017Revenue 2018: $346,840Expenses 2018: $291,875Net Income 2018: $54,9652018Revenue 2019: $379,472Expenses 2019: $359,339Net Income 2019: $20,1332019Revenue 2020: $272,096Expenses 2020: $163,416Net Income 2020: $108,6802020Revenue 2021: $448,732Expenses 2021: $313,778Net Income 2021: $134,9542021Revenue 2022: $377,582Expenses 2022: $287,756Net Income 2022: $89,8262022Revenue 2023: $372,196Expenses 2023: $297,250Net Income 2023: $74,9462023Revenue 2024: $507,765Expenses 2024: $420,572Net Income 2024: $87,1932024

Highlighted filing

2021

Revenue$448,732
Expenses$313,778
Net Income$134,954
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 26, 2022
Return Version
2021v4.0
Gross Receipts
$448,732
Mission and Program Overview

Mission

We coordinate art teachers and their students to exchange artwork with children around the world to promote international kindness, understanding, and friendship.

We coordinate art teachers and their students to exchange artwork with children around the world to promote international kindness, peace, and friendship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$274,514$403,543▲ $129,029
Savings and Temporary Cash Investments$220,587$307,468▲ $86,881
Receivables From Officers Etc$0$155,826▲ $155,826
Cash and Non-Interest-Bearing Accounts$53,927$96,075▲ $42,148
Cap Stk Tr Prin Current Funds$0$5,926▲ $5,926
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$274,514$559,369▲ $284,855
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$0$149,900▲ $149,900
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$149,900▲ $149,900
Net Assets / Fund Balance
Total Net Assets Fund Balance$274,514$409,469▲ $134,955
Total Liabilities and Net Assets / Fund Balance$274,514$559,369▲ $284,855
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Benjamin SchumakerPresident / TreasurerFT$66,000$14,191$80,191
Abha ThakkarDirectorPT$21,700-$21,700

Board Members and Trustees

NameTitle
Adam SchumakerDirector
Jim SchumakerDirector
Debbie SchumakerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$264,404
Program Service Revenue
$181,595
Investment Income
$2,733
Other Revenue
$0
All Other Contributions
$122,844
Change in Net Assets
$134,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$161,151
Grants and Similar Amounts Paid$123,834
Other Expenses$28,793
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$109,714--$109,714
Current Officers, Directors, Trustees, and Key Employees$103,637$0$0$103,637
Other Salaries and Wages$52,764$0$0$52,764
Travel$18,244$0$0$18,244
Grants to Domestic Orgs$10,300--$10,300
Other Expenses$5,941$0$0$5,941
Payroll Taxes$4,750$0$0$4,750
Grants to Domestic Individuals$3,820--$3,820
Information Technology$1,742$0$0$1,742
Office Expenses$1,171$0$0$1,171
Advertising$158$0$0$158
Total Functional Expenses$313,778$0$0$313,778
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ParsaSouth Colby, WA-Arts and education$10,300

International Summary

Offices
0
Employees
0
Spending
$109,714

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrantmaking-00$88,238
Sub-Saharan AfricaGrantmakingFood and housing support00$19,306
North America (including Canada and Mexico, but not the United States)Grantmaking-00$1,625
Russia and the newly independent StatesGrantmaking-00$545
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0$155,826▲ $155,826
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
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, Part VI, Section A, Line 2

Ben Schumaker is the son of Debbie and Jim Schumaker.

Form 990, Part VI, Section A, Line 8A

The members of our board are family members, and we discuss our organization's activities on a daily basis in person, by phone, and by email. We do not have formal meetings, we do not have committees, and we do not record minutes.

Form 990, Part VI, Section A, Line 8B

The members of our board are family members, and we discuss our organization's activities on a daily basis in person, by phone, and by email. We do not have formal meetings, we do not have committees, and we do not record minutes.

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

Our board members reviewed our completed Form 990 and the attach schedules before they were submitted.

Form 990, Part VI, Section C, Line 19

We make our governing documents, conflict of interest policy, and financial statements available by email to any member of the public whenever they are requested.

Filing and Contact Details

Filer

Filer Name
The Memory Project Inc
EIN
20-1802885
Phone
6084670974
Address
2163 N Gateway St, Middleton, WI 53562

Signing Officer

Name
Benjamin Schumaker
Title
President
Phone
6084670974
Signed
2022-06-26

Organization Details

Principal Officer
Benjamin Schumaker
Formed
2004
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
0
Employees
6
Volunteers
200
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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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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0We coordinate art teachers and their students to exchange artwork with children around the world to promote international kindness, peace, and friendship.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd01
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0274514
IRS990/NetAssetsOrFundBalancesEOYAmt0409469
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt01171
IRS990/OfficeExpensesGrp/TotalAmt01171
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Printing materials for participating artists
IRS990/OtherExpensesGrp/Desc1Mailing materials to participating artists
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt01537
IRS990/OtherExpensesGrp/ProgramServicesAmt15941
IRS990/OtherExpensesGrp/TotalAmt01537
IRS990/OtherExpensesGrp/TotalAmt15941
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052764
IRS990/OtherSalariesAndWagesGrp/TotalAmt052764
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04750
IRS990/PayrollTaxesGrp/TotalAmt04750
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Benjamin Schumaker
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Educational Support Services
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0181595
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0181595
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08340
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt019416
IRS990/PYInvestmentIncomeAmt0213
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt036008
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0263543
IRS990/PYRevenuesLessExpensesAmt0108680
IRS990/PYSalariesCompEmpBnftPaidAmt0107992
IRS990/PYTotalExpensesAmt0163416
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0272096
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0155826
IRS990/ReconcilationRevenueExpnssAmt0134954
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0445999
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0274514
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0403543
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0220587
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0307468
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.91$1.29$6.61$5.08$4.21$0.87
2023Detailed filing. Detailed filing data is available for this year.$7.13$1.38$5.74$3.72$2.97$0.75
2022Detailed filing. Detailed filing data is available for this year.$6.46$1.47$4.99$3.78$2.88$0.90
2021Detailed filing. Detailed filing data is available for this year.$5.59$1.50$4.09$4.49$3.14$1.35
2020Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$2.72$1.63$1.09
2019Summary only. Only limited summary data is available for this year.$1.66$0.00$1.66$3.79$3.59$0.20
2018Summary only. Only limited summary data is available for this year.$1.46$0.00$1.46$3.47$2.92$0.55
2017Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$2.55$2.57$0.02
2016Summary only. Only limited summary data is available for this year.$0.92$0.00$0.92$2.58$2.19$0.39
2015Summary only. Only limited summary data is available for this year.$0.53$0.00$1.67$1.73$0.06
2014Summary only. Only limited summary data is available for this year.$0.59$0.00$1.76$1.52$0.24
2013Summary only. Only limited summary data is available for this year.$0.37$0.00$1.64$1.66$0.02
2012Summary only. Only limited summary data is available for this year.$0.40$0.00$1.74$1.59$0.15
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$1.22$1.23$0.01