Civic Intelligence

Xealot Inc

EIN 20-3005483 • 501(c)3 • Pasadena, CA

Profile

Xealot's one word focus is DESTINY. We are a global human development and leadership training organization focused on helping ARTISTS, BUSINESS LEADERS and COMMUNITY DEVELOPERS (ABCs) find their destiny and giving them the resources (human, knowledge, and financial capital) they need to live it out.

1535 Dove CTPasadena, CA 91107

www.xealot.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

1st percentile

-421085%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

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

Assets

Down

$0

Down $71,876 (-100%) from 2018

Liabilities

Down

$0

Down $17,135 (-100%) from 2018

Net Assets

Down

$0

Down $54,741 (-100%) from 2018

Revenue

Down

$13

Down $120,412 (-100%) from 2018

Expenses

Down

$54,754

Down $110,873 (-67%) from 2018

Net Income

Down

-$54,741

Down $9,539 (-21%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $127,606Liabilities 2010: $18,552Net Assets 2010: $109,0542010Assets 2011: $141,826Liabilities 2011: $3,284Net Assets 2011: $138,5422011Assets 2012: $44,852Liabilities 2012: $24,655Net Assets 2012: $20,1972012Assets 2013: $253,695Liabilities 2013: $7,942Net Assets 2013: $245,7532013Assets 2014: $68,094Liabilities 2014: $8,704Net Assets 2014: $59,3902014Assets 2015: $26,539Liabilities 2015: $1Net Assets 2015: $26,5382015Assets 2016: $63,215Liabilities 2016: $0Net Assets 2016: $63,2152016Assets 2017: $99,944Liabilities 2017: $0Net Assets 2017: $99,9442017Assets 2018: $71,876Liabilities 2018: $17,135Net Assets 2018: $54,7412018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $241,9502010Expenses 2011: $581,3412011Revenue 2012: $620,545Expenses 2012: $729,904Net Income 2012: -$109,3592012Revenue 2013: $924,899Expenses 2013: $679,934Net Income 2013: $244,9652013Revenue 2014: $415,014Expenses 2014: $601,377Net Income 2014: -$186,3632014Revenue 2015: $324,435Expenses 2015: $357,287Net Income 2015: -$32,8522015Revenue 2016: $226,736Expenses 2016: $181,703Net Income 2016: $45,0332016Revenue 2017: $268,522Expenses 2017: $231,793Net Income 2017: $36,7292017Revenue 2018: $120,425Expenses 2018: $165,627Net Income 2018: -$45,2022018Revenue 2019: $13Expenses 2019: $54,754Net Income 2019: -$54,7412019

Highlighted filing

2019

Revenue$13
Expenses$54,754
Net Income-$54,741

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 20, 2019
Return Version
2018v3.1
Gross Receipts
$120,425
Mission and Program Overview

Mission

To identify, develop, resource, and deploy strategic emerging ethnic leaders in marginalized communities so that they will be agents of holistic and sustainable transformation. Furthermore, the organization will help catalyze special projects that will help these strategic leaders to bring transformation into their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$99,943$71,876▼ $28,067
Total Assets$99,943$71,876▼ $28,067
Liabilities
Other Liabilities-$17,135-
Total Liabilities$0$17,135▲ $17,135
Net Assets / Fund Balance
Unrestricted Net Assets$99,943$54,741▼ $45,202
Total Net Assets Fund Balance$99,943$54,741▼ $45,202
Total Liabilities and Net Assets / Fund Balance$99,943$71,876▼ $28,067
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda KangChairman / C
Larry KwakBoard Member
Maribel ToanBoard Member
Richard KimBoard Member
Ruth KwakFinance / Se
David GibbonsFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$90,844
Program Service Revenue
$29,561
Investment Income
$20
Other Revenue
$0
All Other Contributions
$90,844
Change in Net Assets
$-45,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,248
Salaries, Compensation, and Employee Benefits$26,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$76,480-$76,480
Other Salaries and Wages$13,400--$13,400
Payroll Taxes$12,979--$12,979
Information Technology-$11,675-$11,675
Conferences and Meetings-$8,257-$8,257
Fees for Services Other-$7,490-$7,490
Insurance-$6,067-$6,067
Payment Travel Entrtnmnt Publicly Ofcl-$5,654-$5,654
Office Expenses-$5,367-$5,367
Fees for Services Accounting-$3,258-$3,258
All Other Expenses$963$942-$1,905
Occupancy-$1,003-$1,003
Other Expenses$990$1,490-$990
Advertising-$912-$912
Total Functional Expenses$35,483$130,144$0$165,627
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$17,135
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
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 2

Ruth kwak larry kwak spouse

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

Form 990 is prepared by an independent cpa using the balance sheet, profit & loss, and trial balance created in quickbooks by independent bookkeepers. Form 990 is then provided to the organization to review and approve prior to electronic filing with the irs.

Form 990, Page 6, Part VI, Line 19

All governing documents and policies are made available for viewing upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Xealot Inc
EIN
20-3005483
Address
1535 DOVE CT, PASADENA, CA 91107

Signing Officer

Name
Ruth Kwak
Title
Finance / Secretary
Signed
2019-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Kang
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
5
Employees
2

Preparer

Firm
BENJAMIN KOO & CO CPA'S
Address
3435 WILSHIRE BLVD 1500, LOS ANGELES, CA 90010-1915
Preparer
Gene Kahng
Phone
2133885555
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To identify, develop, resource, and deploy strategic emerging ethnic leaders in marginalized communities so that they will be agents of holistic and sustainable transformation. Furthermore, the organization will help catalyze special projects that will help these strategic leaders to bring transformation into their communities.

Raw XML Appendix331 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/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN / C
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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FOUNDER
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0120425
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011675
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt07
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IRS990/LoanOutstandingInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesBOYAmt099943
IRS990/NetAssetsOrFundBalancesEOYAmt054741
IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM COSTS
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IRS990/OtherExpensesGrp/Desc2BANK CHARGES
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO IDENTIFY, DEVELOP, RESOURCE, AND DEPLOY STRATEGIC EMERGING ETHNIC LEADERS IN MARGINALIZED COMMUNITIES SO THAT THEY WILL BE AGENTS OF HOLISTIC AND SUSTAINABLE TRANSFORMATION. FURTHERMORE, THE ORGANIZATION WILL HELP CATALYZE SPECIAL PROJECTS THAT WILL HELP THESE STRATEGIC LEADERS TO BRING TRANSFORMATION INTO THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RUTH KWAK LARRY KWAK SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY AN INDEPENDENT CPA USING THE BALANCE SHEET, PROFIT & LOSS, AND TRIAL BALANCE CREATED IN QUICKBOOKS BY INDEPENDENT BOOKKEEPERS. FORM 990 IS THEN PROVIDED TO THE ORGANIZATION TO REVIEW AND APPROVE PRIOR TO ELECTRONIC FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS AND POLICIES ARE MADE AVAILABLE FOR VIEWING UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE / SECRETARY
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
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ReturnHeader/FilingSecurityInformation/IPDt02019-05-24
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ReturnHeader/FilingSecurityInformation/IPTm012:43:39
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0954618521
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ReturnHeader/PreparerPersonGrp/PhoneNum02133885555
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GENE KAHNG
ReturnHeader/ReturnTs02019-05-24T12:43:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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