Civic Intelligence

Deara Charities

990 • Fiscal year 2018 • EIN 20-2586669

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 11, 2019

80 Mulberry StreetNewark, NJ 07102

(973) 776-1230

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

31st percentile

-4.5%

Higher net margin than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,123

Down $1,263 (-37%) from 2017

Net Assets

Down

$2,123

Down $1,263 (-37%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$28,295

Up $393 (+1.4%) from 2017

Expenses

Down

$29,558

Down $3,707 (-11%) from 2017

Net Income

Up

-$1,263

Up $4,100 (+76%) from 2017

Historical Trend

Balance Sheet Trend

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

$15K$10K$5.0K$0Assets 2010: $3,351Liabilities 2010: $0Net Assets 2010: $3,3512010Assets 2011: $2,710Liabilities 2011: $0Net Assets 2011: $2,7102011Assets 2012: $1,062Liabilities 2012: $0Net Assets 2012: $1,0622012Assets 2013: $3,198Liabilities 2013: $0Net Assets 2013: $3,1982013Assets 2014: $1,373Liabilities 2014: $0Net Assets 2014: $1,3732014Assets 2015: $10,637Liabilities 2015: $0Net Assets 2015: $10,6372015Assets 2016: $8,749Liabilities 2016: $0Net Assets 2016: $8,7492016Assets 2017: $3,386Liabilities 2017: $0Net Assets 2017: $3,3862017Assets 2018: $2,123Liabilities 2018: $0Net Assets 2018: $2,1232018Assets 2019: $2,990Liabilities 2019: $0Net Assets 2019: $2,9902019Assets 2020: $2,990Liabilities 2020: $0Net Assets 2020: $2,9902020

Highlighted filing

2018

Assets$2,123
Liabilities$0
Net Assets$2,123

Operations Trend

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

$60K$40K$20K$0-$20KExpenses 2010: $28,8042010Expenses 2011: $43,9392011Expenses 2012: $37,7712012Revenue 2013: $31,664Expenses 2013: $29,528Net Income 2013: $2,1362013Revenue 2014: $24,933Expenses 2014: $26,758Net Income 2014: -$1,8252014Revenue 2015: $26,201Expenses 2015: $16,937Net Income 2015: $9,2642015Revenue 2016: $32,643Expenses 2016: $34,531Net Income 2016: -$1,8882016Revenue 2017: $27,902Expenses 2017: $33,265Net Income 2017: -$5,3632017Revenue 2018: $28,295Expenses 2018: $29,558Net Income 2018: -$1,2632018Revenue 2019: $28,250Expenses 2019: $27,383Net Income 2019: $8672019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020

Highlighted filing

2018

Revenue$28,295
Expenses$29,558
Net Income-$1,263
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$28,295
Mission and Program Overview

Mission

Sponsor golf outings and other activities to raise funds in order to make contributions to other charitable 501(c)3 organiztions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,386$2,123▼ $1,263
Total Assets$3,386$2,123▼ $1,263
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,386$2,123▼ $1,263
Total Net Assets Fund Balance$3,386$2,123▼ $1,263
Total Liabilities and Net Assets / Fund Balance$3,386$2,123▼ $1,263
Compensation and Service Providers

Board Members and Trustees

NameTitle
Hugh J CoghlanPresident
Maryellen BecknerVice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$28,291
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$-1,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$315--$315
Total Functional Expenses$29,558$0$0$29,558
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
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Deara Charities
EIN
20-2586669
Phone
9737761230
Address
80 MULBERRY STREET, NEWARK, NJ 07102

Signing Officer

Name
Hugh J Coghlan
Title
President
Signed
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hugh J Coghlan
Formed
2005
Legal Domicile
Nj
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Frizzell Kafafian De Vries & Co LLC
Address
280 NEWTON SPARTA RD STE 11, NEWTON, NJ 07860
Preparer
Leon S Kafafian CPA
Phone
9733837969
Supplemental Narrative

Additional Explanations

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

To provide financial support to charitable organization through sponsoring activities.

Raw XML Appendix244 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.

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IRS990/BooksInCareOfDetail/PhoneNum09733837969
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IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWARK
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IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt04
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherExpensesGrp/ProgramServicesAmt2315
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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