Civic Intelligence

Allex Inc.

990 • Fiscal year 2022 • EIN 20-3252049

Oct 01, 2021 to Sep 30, 2022 • Filed on Mar 14, 2023

PO Box 695Acton, MA 01720

(978) 822-0866

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.14x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.22x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

40th percentile

1.4%

Higher net margin than 40% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

96th percentile

$194,387

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 43.6% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.3%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

40%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$682,986

Down $31,040 (-4.3%) from 2021

Net Assets

Down

$584,542

Down $71,569 (-11%) from 2021

Liabilities

Up

$98,444

Up $40,529 (+70%) from 2021

Revenue

Up

$446,282

Up $126,729 (+40%) from 2021

Expenses

Up

$440,040

Up $88,976 (+25%) from 2021

Net Income

Up

$6,242

Up $37,753 (+120%) from 2021

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$0-$500KAssets 2013: $705,235Liabilities 2013: $742,915Net Assets 2013: -$37,6802013Assets 2014: $1,085,891Liabilities 2014: $947,709Net Assets 2014: $138,1822014Assets 2015: $1,330,822Liabilities 2015: $960,464Net Assets 2015: $370,3582015Assets 2016: $1,486,035Liabilities 2016: $872,651Net Assets 2016: $613,3842016Assets 2017: $1,708,723Liabilities 2017: $982,146Net Assets 2017: $726,5772017Assets 2018: $1,700,910Liabilities 2018: $863,357Net Assets 2018: $837,5532018Assets 2019: $1,682,317Liabilities 2019: $910,368Net Assets 2019: $771,9492019Assets 2020: $1,325,407Liabilities 2020: $535,969Net Assets 2020: $789,4382020Assets 2021: $714,026Liabilities 2021: $57,915Net Assets 2021: $656,1112021Assets 2022: $682,986Liabilities 2022: $98,444Net Assets 2022: $584,5422022Assets 2023: $762,519Liabilities 2023: $143,010Net Assets 2023: $619,5092023Assets 2024: $821,495Liabilities 2024: $113,135Net Assets 2024: $708,3602024Assets 2025: $747,331Liabilities 2025: $108,986Net Assets 2025: $638,3452025

Highlighted filing

2022

Assets$682,986
Liabilities$98,444
Net Assets$584,542

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $607,3452013Revenue 2014: $747,153Expenses 2014: $571,291Net Income 2014: $175,8622014Revenue 2015: $792,790Expenses 2015: $560,614Net Income 2015: $232,1762015Revenue 2016: $866,344Expenses 2016: $623,318Net Income 2016: $243,0262016Revenue 2017: $850,642Expenses 2017: $737,449Net Income 2017: $113,1932017Revenue 2018: $914,240Expenses 2018: $800,804Net Income 2018: $113,4362018Revenue 2019: $755,662Expenses 2019: $823,239Net Income 2019: -$67,5772019Revenue 2020: $978,648Expenses 2020: $965,510Net Income 2020: $13,1382020Revenue 2021: $319,553Expenses 2021: $351,064Net Income 2021: -$31,5112021Revenue 2022: $446,282Expenses 2022: $440,040Net Income 2022: $6,2422022Revenue 2023: $526,071Expenses 2023: $544,032Net Income 2023: -$17,9612023Revenue 2024: $534,986Expenses 2024: $551,281Net Income 2024: -$16,2952024Revenue 2025: $607,644Expenses 2025: $590,099Net Income 2025: $17,5452025

Highlighted filing

2022

Revenue$446,282
Expenses$440,040
Net Income$6,242
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Mar 14, 2023
Return Version
2021v4.2
Gross Receipts
$446,282
Mission and Program Overview

Mission

Our mission is to increase the number of professionally trained instructors in american classrooms by providing universities an economical means to establish or enhance asian language programs.

The allex foundation enables universities to begin or maintain a high quality asian language program by providing them with professionally trained native chinese, japanese, or korean instructors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$502,518$371,132▼ $131,386
Cash and Non-Interest-Bearing Accounts$179,745$305,354▲ $125,609
Accounts Receivable$31,763$4,850▼ $26,913
Prepaid Expenses and Deferred Charges-$1,650-
Total Assets$714,026$682,986▼ $31,040
Liabilities
Other Liabilities$30,000$79,500▲ $49,500
Accounts Payable and Accrued Expenses$27,915$18,944▼ $8,971
Total Liabilities$57,915$98,444▲ $40,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$656,111$584,542▼ $71,569
Total Net Assets Fund Balance$656,111$584,542▼ $71,569
Total Liabilities and Net Assets / Fund Balance$714,026$682,986▼ $31,040
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas Mason JrPresident and ClerkFT$177,761$16,626$194,387

Board Members and Trustees

NameTitle
Rene ChenBoard Member
Jane HallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$439,200
Investment Income
$7,082
Other Revenue
$0
Change in Net Assets
$6,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$299,670
Other Expenses$140,370
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$163,463$18,163-$181,626
Other Salaries and Wages$89,800--$89,800
Office Expenses$5,977$17,356-$23,333
Occupancy$7,128$12,737-$19,865
Payroll Taxes$17,688$1,965-$19,653
Advertising$14,733$3,538-$18,271
Fees for Services Accounting-$11,950-$11,950
Pension Plan Contributions$7,732$859-$8,591
Fees for Services Other$168$7,946-$8,114
Other Expenses$681$4,912-$5,593
Insurance$2,155$2,423-$4,578
Fees for Service Investment Mgmnt Fees-$2,181-$2,181
Total Functional Expenses$356,010$84,030$0$440,040
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
Qi WangSpouse of OfficerSalary and BenefitsNo$72,901
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$79,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
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

The board of directors reviews and approves the form 990 prior to its filing. The form 990 was then authorized and signed by the organization's president.

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

The board of directors requires an annual declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.

Form 990, Part VI, Section B, Line 15

Allex's executive compensation program is administered by the board of directors. The board is responsible for establishing and maintaining a competitive compensation program for the key executives of the organization. The board meets as needed to review the compensation program and make recommendations for any changes, as appropriate. A performance evaluation is conducted and reviewed each year and is intended to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. Following this review, the board reviews and approves, for selected key executives, base salaries and annual incentive opportunity adjustments, and objectives and goals forth-upcoming year's annual incentive plan.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Allex Inc
EIN
20-3252049
Phone
9788220866
Address
PO BOX 695, ACTON, MA 01720

Signing Officer

Name
Thomas Mason Jr
Title
President
Phone
9788220866
Signed
2023-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Mason Jr
Formed
2004
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
0

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
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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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2017 AMOUNT: $ 1,725. 2018 AMOUNT: $ 4,270. 2019 AMOUNT: $ 26,559. 2020 AMOUNT: $ 1,500. FORFEITED SECURITY DEPOSITS - 2017 AMOUNT: $ 10,000. 2019 AMOUNT: $ 2,000. 2020 AMOUNT: $ 6,000. STIMULUS/COVID CREDITS - 2020 AMOUNT: $ 67,439.
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt079500
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS MASON JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND CLERK
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0QI WANG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF OFFICER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SALARY AND BENEFITS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALLEX'S EXECUTIVE COMPENSATION PROGRAM IS ADMINISTERED BY THE BOARD OF DIRECTORS. THE BOARD IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE BOARD MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE RECOMMENDATIONS FOR ANY CHANGES, AS APPROPRIATE. A PERFORMANCE EVALUATION IS CONDUCTED AND REVIEWED EACH YEAR AND IS INTENDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. FOLLOWING THIS REVIEW, THE BOARD REVIEWS AND APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS, AND OBJECTIVES AND GOALS FORTH-UPCOMING YEAR'S ANNUAL INCENTIVE PLAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0440040
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 695
IRS990/USAddress/CityNm0ACTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001720
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.ALLEX.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS MASON JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09788220866
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALLEX INC
ReturnHeader/Filer/BusinessNameControlTxt0ALLE
ReturnHeader/Filer/EIN0203252049
ReturnHeader/Filer/PhoneNum09788220866
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 695
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431985162
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SULLIVAN & BROWN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 FLANDERS ROAD - SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05088717178
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-08

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