Civic Intelligence

Credo Inc

990EZ • Fiscal year 2023 • EIN 23-7300058

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 29, 2024

Organization ProfileN/A
1586 Mesa Verde DrVista, CA 92084

(760) 415-2546

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

27th percentile

-9.9%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

6th percentile

-71%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-24%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$2,230

Down $5,382 (-71%) from 2022

Net Assets

Down

$2,230

Down $5,382 (-71%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin27th percentile

Revenue

Down

$54,247

Down $17,047 (-24%) from 2022

Expenses

Down

$59,629

Down $16,865 (-22%) from 2022

Net Income

Down

-$5,382

Down $182 (-3.5%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$15K$10K$5.0K$0Assets 2021: $12,812Net Assets 2021: $12,8122021Assets 2022: $7,612Net Assets 2022: $7,6122022Assets 2023: $2,230Net Assets 2023: $2,2302023Assets 2024: $3,531Net Assets 2024: $3,5312024

Highlighted filing

2023

Assets$2,230
Liabilities-
Net Assets$2,230
Open 2023 Filing

Operations Trend

Revenue Growth22nd percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $120,787Expenses 2021: $113,657Net Income 2021: $7,1302021Revenue 2022: $71,294Expenses 2022: $76,494Net Income 2022: -$5,2002022Revenue 2023: $54,247Expenses 2023: $59,629Net Income 2023: -$5,3822023Revenue 2024: $64,958Expenses 2024: $63,657Net Income 2024: $1,3012024

Highlighted filing

2023

Revenue$54,247
Expenses$59,629
Net Income-$5,382
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 29, 2024
Return Version
2023v5.0
Gross Receipts
$54,247
Mission and Program Overview

Mission

To encourage, renew and develop in our community understanding and personal enrichment in and through the word of jesus christ and to assist families in need.

Program Services

DescriptionGrantsExpenses
CREDO IS AN ACRONYM FOR "CATHOLIC RENEWAL, ENRICHMENT AND DEVELOPMENT ORGANIZATION".During the year 2023, support went to assist 10 families in need. CREDO provided financial assistance for: rent, utilities, car repair, medicine and medical expenses, clothing, transportation to medical appointments, college expenses, religious education, and training supplies for health clinic volunteers. The majority of financial expenditures provided rent, utilities and medical aid for families out of work.$59,259$59,259
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN MCDONNELLPresident-$0--
Randinne McDonnellSecretary/Treas-$0--
MARY KYNEVice President-$0--
Filing and Contact Details

Filer

Filer Name
Credo Inc
EIN
23-7300058
Phone
7604152546
Address
1586 MESA VERDE DR, VISTA, CA 92084

Signing Officer

Name
John Mcdonnell
Title
President
Signed
2024-04-29
Discuss with paid preparer
Yes

Preparer

Firm
Magnus Blue LLP
Address
100 E San Marcos Blvd Ste 100, San Marcos, CA 92069
Preparer
Jessica M Dorsett
Phone
7605999900
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: rent and utility support | Donee's Name: 10 FAMILIES | Donee's Address: NOT APPLICABLE NOT APPLICABLE CA 92084 | Relationship of Donee: NONE | Cash Amount Given: $59259”

Other Expenses.1

“Filing & compliance fees $20”

Raw XML Appendix145 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CREDO INC
IRS990EZ/BooksInCareOfDetail/PhoneNum07604152546
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01586 MESA VERDE DR VISTA CA
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0VISTA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0920845321
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07612
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02230
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt054247
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-5382
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0350
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt07612
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02230
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt059259
IRS990EZ/GrossReceiptsAmt054247
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt07612
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02230
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt07612
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02230
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOHN MCDONNELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Randinne McDonnell
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARY KYNE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary/Treas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt020
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENCOURAGE, RENEW AND DEVELOP IN OUR COMMUNITY UNDERSTANDING AND PERSONAL ENRICHMENT IN AND THROUGH THE WORD OF JESUS CHRIST AND TO ASSIST FAMILIES IN NEED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CREDO IS AN ACRONYM FOR "CATHOLIC RENEWAL, ENRICHMENT AND DEVELOPMENT ORGANIZATION".During the year 2023, support went to assist 10 families in need. CREDO provided financial assistance for: rent, utilities, car repair, medicine and medical expenses, clothing, transportation to medical appointments, college expenses, religious education, and training supplies for health clinic volunteers. The majority of financial expenditures provided rent, utilities and medical aid for families out of work.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt059259
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt059259
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt059629
IRS990EZ/TotalProgramServiceExpensesAmt059259
IRS990EZ/TotalRevenueAmt054247
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt071294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0120395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt027331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt029103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0302370
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.56570
IRS990ScheduleA/PublicSupportPY170Pct00.65140
IRS990ScheduleA/PublicSupportTotal170Amt0171050
IRS990ScheduleA/SubstantialContributorsTotAmt0131320
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054247
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt071294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0120395
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt027331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt029103
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0302370
IRS990ScheduleA/TotalSupportAmt0302370
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: rent and utility support | Donee's Name: 10 FAMILIES | Donee's Address: NOT APPLICABLE NOT APPLICABLE CA 92084 | Relationship of Donee: NONE | Cash Amount Given: $59259
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FILING & COMPLIANCE FEES $20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN MCDONNELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CREDO INC
ReturnHeader/Filer/BusinessNameControlTxt0CRED
ReturnHeader/Filer/EIN0237300058
ReturnHeader/Filer/PhoneNum07604152546
ReturnHeader/Filer/USAddress/AddressLine1Txt01586 MESA VERDE DR
ReturnHeader/Filer/USAddress/CityNm0VISTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092084
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320076871
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Magnus Blue LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 E San Marcos Blvd Ste 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Marcos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092069
ReturnHeader/PreparerPersonGrp/PhoneNum07605999900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA M DORSETT
ReturnHeader/ReturnTs02024-04-29T14:35:23-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCDONNELL
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,230
Liabilities
-
Net assets
$2,230
Revenue
$54,247
Expenses
$59,629
Net income
-$5,382
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.65$0.64$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.54$0.60$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.71$0.76$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.13$1.21$1.14$0.07