Civic Intelligence

Taconic Innovations Inc.

990 • Fiscal year 2019 • EIN 22-3729121

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

879 Route 376Wappingers Falls, NY 12590

(845) 296-1042

Siviq Scores

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

Liabilities / Assets

24th percentile

0.21x

Higher debt load relative to assets than 24% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

19th percentile

0.22x

Higher debt load relative to revenue than 19% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Net Margin

54th percentile

3.7%

Higher net margin than 54% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Asset Growth

46th percentile

0.6%

Faster asset growth than 46% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

1.2%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$13,583,954

Up $79,821 (+0.6%) from 2018

Net Assets

Up

$10,789,003

Up $466,341 (+4.5%) from 2018

Liabilities

Down

$2,794,951

Down $386,520 (-12%) from 2018

Revenue

Up

$12,517,961

Up $148,069 (+1.2%) from 2018

Expenses

Up

$12,051,070

Up $593,588 (+5.2%) from 2018

Net Income

Down

$466,891

Down $445,519 (-49%) from 2018

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $4,623,986Liabilities 2010: $355,304Net Assets 2010: $4,268,6822010Assets 2011: $6,166,021Liabilities 2011: $273,683Net Assets 2011: $5,892,3382011Assets 2012: $6,939,051Liabilities 2012: $260,685Net Assets 2012: $6,678,3662012Assets 2013: $7,587,469Liabilities 2013: $284,985Net Assets 2013: $7,302,4842013Assets 2014: $10,899,282Liabilities 2014: $3,094,132Net Assets 2014: $7,805,1502014Assets 2015: $12,507,775Liabilities 2015: $4,210,051Net Assets 2015: $8,297,7242015Assets 2016: $13,044,820Liabilities 2016: $4,041,181Net Assets 2016: $9,003,6392016Assets 2017: $14,158,062Liabilities 2017: $3,957,448Net Assets 2017: $10,200,6142017Assets 2018: $13,504,133Liabilities 2018: $3,181,471Net Assets 2018: $10,322,6622018Assets 2019: $13,583,954Liabilities 2019: $2,794,951Net Assets 2019: $10,789,0032019Assets 2020: $13,479,939Liabilities 2020: $3,201,974Net Assets 2020: $10,277,9652020Assets 2021: $14,026,966Liabilities 2021: $2,550,676Net Assets 2021: $11,476,2902021Assets 2022: $13,812,018Liabilities 2022: $2,003,567Net Assets 2022: $11,808,4512022Assets 2023: $12,621,311Liabilities 2023: $1,627,960Net Assets 2023: $10,993,3512023Assets 2024: $12,554,708Liabilities 2024: $2,081,616Net Assets 2024: $10,473,0922024

Highlighted filing

2019

Assets$13,583,954
Liabilities$2,794,951
Net Assets$10,789,003

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $7,580,570Expenses 2010: $5,235,375Net Income 2010: $2,345,1952010Revenue 2011: $7,120,746Expenses 2011: $5,474,693Net Income 2011: $1,646,0532011Revenue 2012: $6,753,728Expenses 2012: $5,967,700Net Income 2012: $786,0282012Revenue 2013: $6,769,466Expenses 2013: $6,145,348Net Income 2013: $624,1182013Revenue 2014: $7,241,809Expenses 2014: $6,739,143Net Income 2014: $502,6662014Revenue 2015: $8,290,144Expenses 2015: $7,797,570Net Income 2015: $492,5742015Revenue 2016: $9,969,865Expenses 2016: $9,263,950Net Income 2016: $705,9152016Revenue 2017: $11,213,703Expenses 2017: $10,016,728Net Income 2017: $1,196,9752017Revenue 2018: $12,369,892Expenses 2018: $11,457,482Net Income 2018: $912,4102018Revenue 2019: $12,517,961Expenses 2019: $12,051,070Net Income 2019: $466,8912019Revenue 2020: $11,076,764Expenses 2020: $11,377,424Net Income 2020: -$300,6602020Revenue 2021: $12,196,980Expenses 2021: $10,998,655Net Income 2021: $1,198,3252021Revenue 2022: $12,992,165Expenses 2022: $12,660,004Net Income 2022: $332,1612022Revenue 2023: $10,641,933Expenses 2023: $11,457,033Net Income 2023: -$815,1002023Revenue 2024: $12,185,583Expenses 2024: $12,705,842Net Income 2024: -$520,2592024

Highlighted filing

2019

Revenue$12,517,961
Expenses$12,051,070
Net Income$466,891
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.0
Gross Receipts
$12,517,961
Mission and Program Overview

Mission

The agency serves developmentally disabled adults and their families in westchester, dutchess, putnam and bronx counties through several functional programs including residential and habilitation services and day programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,552,445$10,744,661▲ $192,216
Accounts Receivable$1,288,918$1,595,523▲ $306,605
Cash and Non-Interest-Bearing Accounts$1,412,669$962,729▼ $449,940
Savings and Temporary Cash Investments$180,695$183,426▲ $2,731
Prepaid Expenses and Deferred Charges-$17,596-
Total Assets$13,504,133$13,583,954▲ $79,821
Other Assets Total$69,406$80,019▲ $10,613
Liabilities
Other Liabilities$3,133,105$2,747,507▼ $385,598
Accounts Payable and Accrued Expenses$48,366$47,444▼ $922
Total Liabilities$3,181,471$2,794,951▼ $386,520
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,322,112$10,788,453▲ $466,341
Net Assets With Donor Restrictions$550$550→ $0
Total Net Assets Fund Balance$10,322,662$10,789,003▲ $466,341
Total Liabilities and Net Assets / Fund Balance$13,504,133$13,583,954▲ $79,821

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,782,077$1,283,692$11,065,769
Other Land Buildings$962,584$3,047,496-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Blessing Oni-eselehAssoc Direct
Anoff KwafoBd of Direct
Donna StinerBd of Direct
Durojaye OmotayoBd of Direct
Ellen GantzBd of Direct
Mathias Oni-eselehExec Directo
John AmpahProgram Dire
Revenue and Support

Revenue Composition

Contributions and Grants
$500,655
Program Service Revenue
$11,908,310
Investment Income
$102,441
Other Revenue
$6,555
Change in Net Assets
$466,891

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,517,961
Total Revenue per Audited Statements
$12,517,961
Total Revenue per Form 990
$12,517,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,473,870
Other Expenses$2,577,200
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,628,928$1,395,742-$8,024,670
Payroll Taxes$527,132$110,989-$638,121
Other Employee Benefits$511,059$107,605-$618,664
Occupancy$438,028$29,349-$467,377
All Other Expenses$224,362$26,510-$250,872
Other Expenses$177,012$38,151-$215,163
Pension Plan Contributions$158,948$33,467-$192,415
Insurance$181,012$6,127-$187,139
Interest$132,050$4,472-$136,522
Fees for Services Accounting$5,383$65,169-$70,552
Total Functional Expenses$10,180,563$1,870,507$0$12,051,070

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,051,070
Total Expenses per Audited Statements$12,051,070
Total Expenses per Form 990$12,051,070
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
Loan Payable - Long Term$2,261,214
Accrued Payroll & Taxes$237,659
Accrued Vacation Payable$176,122
Loan Payable - Current$65,667
Security Deposit Payable$6,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The organization has members, stockholders , or other persons that may elect one or more members of the governing body

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body are subject to approval by members

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

Policies are reviwed periodically by the executive director and board

Form 990, Page 6, Part VI, Line 15A

The organization has annual reviews with its employees and uses industry standards in determining compensation

Form 990, Page 6, Part VI, Line 15B

The organization has annual reviews with its officers and key employees and uses industry standards in determining compensation

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Taconic Innovations Inc
EIN
22-3729121
Address
879 ROUTE 376, WAPPINGERS FALLS, NY 12590

Signing Officer

Name
Mathias Oni-eseleh
Title
Exec Director
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mathias Oni-eseleh
Voting Board Members
5
Independent Board Members
5
Employees
528

Preparer

Firm
Arnell Daponte & Company LLC
Address
98 MILL PLAIN RD W, DANBURY, CT 06811
Preparer
Joseph P Daponte
Phone
2037979681
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior year allocation of donor restr funds -550

Raw XML Appendix400 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03223
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt034986273
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IRS990ScheduleA/PublicSupportPY170Pct00.98660
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICIES ARE REVIWED PERIODICALLY BY THE EXECUTIVE DIRECTOR AND BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS ANNUAL REVIEWS WITH ITS EMPLOYEES AND USES INDUSTRY STANDARDS IN DETERMINING COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS ANNUAL REVIEWS WITH ITS OFFICERS AND KEY EMPLOYEES AND USES INDUSTRY STANDARDS IN DETERMINING COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIOR YEAR ALLOCATION OF DONOR RESTR FUNDS -550
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/TotalLiabilitiesGrp/EOYAmt02794951
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011925367
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012517961
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013504133
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IRS990/USAddress/CityNm0WAPPINGERS FALLS
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IRS990/USAddress/ZIPCd012590
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MATHIAS ONI-ESELEH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TACONIC INNOVATIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0TACO
ReturnHeader/Filer/EIN0223729121
ReturnHeader/Filer/USAddress/AddressLine1Txt0879 ROUTE 376
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B89D40E2F51C29FBDA726C87544665591FC6DBBD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.92.44.245
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:27:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204052653
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARNELL DAPONTE & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt098 MILL PLAIN RD W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006811
ReturnHeader/PreparerPersonGrp/PhoneNum02037979681
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH P DAPONTE
ReturnHeader/ReturnTs02020-11-16T10:27:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.6$2.08$10.5$12.2$12.7$0.52
2023Detailed filing. Detailed filing data is available for this year.$12.6$1.63$11.0$10.6$11.5$0.82
2022Detailed filing. Detailed filing data is available for this year.$13.8$2.00$11.8$13.0$12.7$0.33
2021Detailed filing. Detailed filing data is available for this year.$14.0$2.55$11.5$12.2$11.0$1.20
2020Detailed filing. Detailed filing data is available for this year.$13.5$3.20$10.3$11.1$11.4$0.30
2019Detailed filing. Detailed filing data is available for this year.$13.6$2.79$10.8$12.5$12.1$0.47
2018Detailed filing. Detailed filing data is available for this year.$13.5$3.18$10.3$12.4$11.5$0.91
2017Detailed filing. Detailed filing data is available for this year.$14.2$3.96$10.2$11.2$10.0$1.20
2016Detailed filing. Detailed filing data is available for this year.$13.0$4.04$9.00$9.97$9.26$0.71
2015Detailed filing. Detailed filing data is available for this year.$12.5$4.21$8.30$8.29$7.80$0.49
2014Detailed filing. Detailed filing data is available for this year.$10.9$3.09$7.81$7.24$6.74$0.50
2013Summary only. Only limited summary data is available for this year.$7.59$0.28$7.30$6.77$6.15$0.62
2012Summary only. Only limited summary data is available for this year.$6.94$0.26$6.68$6.75$5.97$0.79
2011Summary only. Only limited summary data is available for this year.$6.17$0.27$5.89$7.12$5.47$1.65
2010Summary only. Only limited summary data is available for this year.$4.62$0.36$4.27$7.58$5.24$2.35