Civic Intelligence

Sweat Equity Enterprises Inc

990 • Fiscal year 2013 • EIN 20-3498290

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 26, 2014

Organization ProfileWWW.ENSTITUTE.ORG
32 Havemeyer Street No 2B11211

(602) 369-8832

Siviq Scores

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

Liabilities / Assets

78th percentile

0.13x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

72nd percentile

0.03x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

96th percentile

$67,354

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

96th percentile

245%

Faster asset growth than 96% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

95th percentile

169%

Faster revenue growth than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$90,865

Up $64,562 (+245%) from 2012

Net Assets

Up

$79,028

Up $52,725 (+200%) from 2012

Liabilities

Up

$11,837

Up $11,837 from 2012

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin66th percentile

Revenue

Up

$371,230

Up $233,207 (+169%) from 2012

Expenses

Up

$330,405

Up $103,260 (+45%) from 2012

Net Income

Up

$40,825

Up $129,947 (+146%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$300K$200K$100K$0Assets 2010: $280,808Liabilities 2010: $0Net Assets 2010: $280,8082010Assets 2011: $115,425Liabilities 2011: $0Net Assets 2011: $115,4252011Assets 2012: $26,303Liabilities 2012: $0Net Assets 2012: $26,3032012Assets 2013: $90,865Liabilities 2013: $11,837Net Assets 2013: $79,0282013Assets 2014: $195,908Liabilities 2014: $28,012Net Assets 2014: $167,8962014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$90,865
Liabilities$11,837
Net Assets$79,028
Open 2013 Filing

Operations Trend

Revenue Growth95th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $759,0122010Expenses 2011: $732,4062011Revenue 2012: $138,023Expenses 2012: $227,145Net Income 2012: -$89,1222012Revenue 2013: $371,230Expenses 2013: $330,405Net Income 2013: $40,8252013Revenue 2014: $625,142Expenses 2014: $536,274Net Income 2014: $88,8682014Revenue 2015: $193,350Expenses 2015: $361,244Net Income 2015: -$167,8942015

Highlighted filing

2013

Revenue$371,230
Expenses$330,405
Net Income$40,825
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 26, 2014
Return Version
2013v3.0
Gross Receipts
$371,230
Mission and Program Overview

Mission

Sweat equity education works to address both the growing cost of higher education as well as the current youth unemployment crisis. Sweat equity education provides young adults with one year, full-time, apprenticeships at high growth startups, small businesses, and corporations around the country to prepare them for the workforce and accelerate their career trajectory.

Addresses the growing cost of higher education as well as the current youth unemployment crisis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,303$90,865▲ $64,562
Total Assets$26,303$90,865▲ $64,562
Liabilities
Accounts Payable and Accrued Expenses$0$11,837▲ $11,837
Total Liabilities$0$11,837▲ $11,837
Net Assets / Fund Balance
Unrestricted Net Assets$26,303$79,028▲ $52,725
Total Net Assets Fund Balance$26,303$79,028▲ $52,725
Total Liabilities and Net Assets / Fund Balance$26,303$90,865▲ $64,562
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shaila IttycheriaCo-chief Executive OfficerFT$65,250$2,104$67,354
Kane SarhanCo-chief Executive OfficerFT$55,525$2,104$57,629

Board Members and Trustees

NameTitle
Stuart GoldfarbBoard Chairman
Dale JasinskiBoard Member
Jason MadhosinghBoard Member
Marc EckoBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$312,027
Program Service Revenue
$59,203
Investment Income
$0
Other Revenue
$0
All Other Contributions
$312,027
Change in Net Assets
$40,825

Audited Revenue Reconciliation

Revenue per Audited Statements
$371,230
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$371,230
Total Revenue per Form 990
$371,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,856
Salaries, Compensation, and Employee Benefits$134,549
Total Fundraising Expense$11,214
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$75,461$39,967$5,347$120,775
Occupancy$53,034$2,612-$55,646
Fees for Services Other$21,639$15,227-$36,866
Fees for Services Legal-$17,492-$17,492
Travel$11,663$1,700$3,497$16,860
Information Technology$10,000--$10,000
Payroll Taxes$5,893$2,849$529$9,271
Fees for Services Accounting-$8,075-$8,075
Office Expenses$2,801$1,957-$4,758
Other Employee Benefits$2,863$1,383$257$4,503
All Other Expenses$1,756$1,227-$2,983
Other Expenses$627$561$1,316$627
Advertising$263-$268$531
Total Functional Expenses$225,210$93,981$11,214$330,405

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$330,405
Total Expenses per Audited Statements$330,405
Total Expenses per Form 990$330,405
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Yes
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
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 11

“Form 990 is reviewed by the executive officers for approval. If changes are required, sweat equity education will then forward to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

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

“Sweat equity education shares its conflict of interest policy with board members and officers on an annual basis. Officers, directors, and key employees are expected to declare if at any point a conflict of interest arises.”

Form 990, Part VI, Section B, Line 15

“Performance review and comparable data are used by the board when determining the compensation of officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Upon request, sweat equity education makes available to the public its governing documents, conflict of interest policy, and financial statements.”

Filing and Contact Details

Filer

EIN
20-3498290
Phone
6023698832

Signing Officer

Name
Shaila Ittycheria
Title
Co-chief Executive Officer
Phone
6023698832
Signed
2014-08-26

Organization Details

Principal Officer
Shaila Ittycheria
Formed
2005
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Preparer
Gus Saliba
Phone
2129573600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“During the year ended december 31, 2013, sweat equity education commenced the flagship enstitute apprentice program.”

Form 990, Part III, Line 3

“During the year ended december 31, 2013, sweat equity education ceased its accredited e-learning job-training program.”

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 21,639. Management and general expenses 15,227. Fundraising expenses 0. Total expenses 36,866.”

FORM 990, PART XI, LINE 9:

“Change in accounting method 11,900.”

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 1:

“During the year ended december 31, 2013, sweat equity education change its method of accounting from the cash basis to accrual basis.”

FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:

“Sweat equity education has a finance committee that is responsible for oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“Sweat equity education's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Sweat equity education has no uncertain tax position resulting in an accrual of tax expense or benefit.”

Raw XML Appendix387 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011837
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ADDRESSES THE GROWING COST OF HIGHER EDUCATION AS WELL AS THE CURRENT YOUTH UNEMPLOYMENT CRISIS.
IRS990/AdvertisingGrp/FundraisingAmt0268
IRS990/AdvertisingGrp/ProgramServicesAmt0263
IRS990/AdvertisingGrp/TotalAmt0531
IRS990/AllOtherContributionsAmt0312027
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01227
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01756
IRS990/AllOtherExpensesGrp/TotalAmt02983
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0SHAILA ITTYCHERIA
IRS990/BooksInCareOfDetail/PhoneNum06023698832
IRS990/BooksInCareOfDetail/USAddress/AddressLine1032 HAVEMEYER STREET 2B
IRS990/BooksInCareOfDetail/USAddress/City0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/State0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCode011211
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt026303
IRS990/CashNonInterestBearingGrp/EOYAmt090865
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt05347
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt039967
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt075461
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0120775
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0312027
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0195856
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt059203
IRS990/CYRevenuesLessExpensesAmt040825
IRS990/CYSalariesCompEmpBnftPaidAmt0134549
IRS990/CYTotalExpensesAmt0330405
IRS990/CYTotalFundraisingExpenseAmt011214
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0371230
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FLAGSHIP ENSTITUTE APPRENTICE PROGRAM, OUR DIRECT MODEL SERVES ALL MILLENNIALS, AGED 18-24, THROUGH A RIGOROUS ONE YEAR PROGRAM. APPRENTICES WORK IN FULL-TIME, PAID APPRENTICESHIPS AT LEADING COMPANIES, WHILE PARTICIPATING IN A SUPPLEMENTAL ACADEMIC CURRICULUM AND COMMUNITY EVENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DoingBusinessAsName/BusinessNameLine10SWEAT EQUITY EDUCATION
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0225210
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08075
IRS990/FeesForServicesAccountingGrp/TotalAmt08075
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt017492
IRS990/FeesForServicesLegalGrp/TotalAmt017492
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt015227
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt021639
IRS990/FeesForServicesOtherGrp/TotalAmt036866
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt42104
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52104
IRS990/Form990PartVIISectionAGrp/PersonNm0STUART GOLDFARB
IRS990/Form990PartVIISectionAGrp/PersonNm1MARC ECKO
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON MADHOSINGH
IRS990/Form990PartVIISectionAGrp/PersonNm3DALE JASINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4SHAILA ITTYCHERIA
IRS990/Form990PartVIISectionAGrp/PersonNm5KANE SARHAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt465250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt555525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CO-CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CO-CHIEF EXECUTIVE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0371230
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt010000
IRS990/InformationTechnologyGrp/TotalAmt010000
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SWEAT EQUITY EDUCATION WORKS TO ADDRESS BOTH THE GROWING COST OF HIGHER EDUCATION AS WELL AS THE CURRENT YOUTH UNEMPLOYMENT CRISIS. SWEAT EQUITY EDUCATION PROVIDES YOUNG ADULTS WITH ONE YEAR, FULL-TIME, APPRENTICESHIPS AT HIGH GROWTH STARTUPS, SMALL BUSINESSES, AND CORPORATIONS AROUND THE COUNTRY TO PREPARE THEM FOR THE WORKFORCE AND ACCELERATE THEIR CAREER TRAJECTORY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026303
IRS990/NetAssetsOrFundBalancesEOYAmt079028
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt02612
IRS990/OccupancyGrp/ProgramServicesAmt053034
IRS990/OccupancyGrp/TotalAmt055646
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01957
IRS990/OfficeExpensesGrp/ProgramServicesAmt02801
IRS990/OfficeExpensesGrp/TotalAmt04758
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt011900
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0257
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01383
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02863
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04503
IRS990/OtherExpensesGrp/Desc0MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc1STIPENDS
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CURRICULUM AND PROGRAM
IRS990/OtherExpensesGrp/FundraisingAmt01316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1561
IRS990/OtherExpensesGrp/ProgramServicesAmt022132
IRS990/OtherExpensesGrp/ProgramServicesAmt116276
IRS990/OtherExpensesGrp/ProgramServicesAmt2802
IRS990/OtherExpensesGrp/ProgramServicesAmt3627
IRS990/OtherExpensesGrp/TotalAmt024379
IRS990/OtherExpensesGrp/TotalAmt116276
IRS990/OtherExpensesGrp/TotalAmt21363
IRS990/OtherExpensesGrp/TotalAmt3627
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0529
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02849
IRS990/PayrollTaxesGrp/ProgramServicesAmt05893
IRS990/PayrollTaxesGrp/TotalAmt09271
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SHAILA ITTYCHERIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0MENTORING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059203
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059203
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0138023
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0101592
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-89122
IRS990/PYSalariesCompEmpBnftPaidAmt0125553
IRS990/PYTotalExpensesAmt0227145
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0138023
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt040825
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt059203
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0311700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0138023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0123794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0110257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0213478
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0897252
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.33840
IRS990ScheduleA/PublicSupportPY170Pct00.33570
IRS990ScheduleA/PublicSupportTotal170Amt0303654
IRS990ScheduleA/SubstantialContributorsTotAmt0593598
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0311700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0138023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0123794
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0110257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0213478
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0897252
IRS990ScheduleA/TotalSupportAmt0897252
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0330405
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0371230
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SWEAT EQUITY EDUCATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. SWEAT EQUITY EDUCATION HAS NO UNCERTAIN TAX POSITION RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0330405
IRS990ScheduleD/TotalRevenuePerForm990Amt0371230
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0371230
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0330405
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING THE YEAR ENDED DECEMBER 31, 2013, SWEAT EQUITY EDUCATION COMMENCED THE FLAGSHIP ENSTITUTE APPRENTICE PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE YEAR ENDED DECEMBER 31, 2013, SWEAT EQUITY EDUCATION CEASED ITS ACCREDITED E-LEARNING JOB-TRAINING PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE EXECUTIVE OFFICERS FOR APPROVAL. IF CHANGES ARE REQUIRED, SWEAT EQUITY EDUCATION WILL THEN FORWARD TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SWEAT EQUITY EDUCATION SHARES ITS CONFLICT OF INTEREST POLICY WITH BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE REVIEW AND COMPARABLE DATA ARE USED BY THE BOARD WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST, SWEAT EQUITY EDUCATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 21,639. MANAGEMENT AND GENERAL EXPENSES 15,227. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,866.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN ACCOUNTING METHOD 11,900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DURING THE YEAR ENDED DECEMBER 31, 2013, SWEAT EQUITY EDUCATION CHANGE ITS METHOD OF ACCOUNTING FROM THE CASH BASIS TO ACCRUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SWEAT EQUITY EDUCATION HAS A FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, FINANCIAL STATEMENTS AND REPORTING, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026303
IRS990/TotalAssetsEOYAmt090865
IRS990/TotalAssetsGrp/BOYAmt026303
IRS990/TotalAssetsGrp/EOYAmt090865
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0312027
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011214
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093981
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225210
IRS990/TotalFunctionalExpensesGrp/TotalAmt0330405
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt011837
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt011837
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079028
IRS990/TotalOtherCompensationAmt04208
IRS990/TotalProgramServiceExpensesAmt0225210
IRS990/TotalProgramServiceRevenueAmt059203
IRS990/TotalReportableCompFromOrgAmt0120775
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059203
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0371230
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026303
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt090865
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt03497
IRS990/TravelGrp/ManagementAndGeneralAmt01700
IRS990/TravelGrp/ProgramServicesAmt011663
IRS990/TravelGrp/TotalAmt016860
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt026303
IRS990/UnrestrictedNetAssetsGrp/EOYAmt079028
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1032 HAVEMEYER STREET 2B
IRS990/USAddress/City0BROOKLYN
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode011211
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.ENSTITUTE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHAILA ITTYCHERIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHIEF EXECUTIVE OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum06023698832
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine10SWEAT EQUITY ENTERPRISES INC
ReturnHeader/Filer/BusinessNameControlTxt0SWEA
ReturnHeader/Filer/EIN0203498290
ReturnHeader/Filer/PhoneNum06023698832
ReturnHeader/Filer/USAddress/AddressLine1032 HAVEMEYER STREET NO 2B
ReturnHeader/Filer/USAddress/City0BROOKLYN
ReturnHeader/Filer/USAddress/State0NY
ReturnHeader/Filer/USAddress/ZIPCode011211
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061671819
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10FRUCHTER ROSEN & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10156 WEST 56TH STREET STE 1804
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode010019
ReturnHeader/PreparerPersonGrp/PhoneNum02129573600
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GUS SALIBA
ReturnHeader/ReturnTs02014-08-27T08:59:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$90,865
Liabilities
$11,837
Net assets
$79,028
Revenue
$371,230
Expenses
$330,405
Net income
$40,825
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.93$3.61$1.68
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.28$1.68$6.25$5.36$0.89
2013Detailed filing. Detailed filing data is available for this year.$0.91$0.12$0.79$3.71$3.30$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$1.38$2.27$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$7.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.00$2.81$7.59