Civic Intelligence

Xposure Foundation Inc.

990 • Fiscal year 2017 • EIN 26-0160228

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

121-16 97th AveSouth Richmond Hill, NY 11419-1321

(347) 418-6534

Siviq Scores

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

Liabilities / Assets

99th percentile

2.02x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-0.2%

Higher net margin than 32% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

73rd percentile

$129,592

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$205,002

Down $33,194 (-14%) from 2016

Net Assets

Down

-$209,501

Down $2,551 (-1.2%) from 2016

Liabilities

Down

$414,503

Down $30,643 (-6.9%) from 2016

Revenue

Up

$1,584,222

Up $231,650 (+17%) from 2016

Expenses

Up

$1,586,773

Up $170,656 (+12%) from 2016

Net Income

Up

-$2,551

Up $60,994 (+96%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $156,747Liabilities 2011: $2,500Net Assets 2011: $154,2472011Assets 2016: $238,196Liabilities 2016: $445,146Net Assets 2016: -$206,9502016Assets 2017: $205,002Liabilities 2017: $414,503Net Assets 2017: -$209,5012017Assets 2018: $136,288Liabilities 2018: $583,904Net Assets 2018: -$447,6162018Assets 2019: $122,101Liabilities 2019: $617,891Net Assets 2019: -$495,7902019Assets 2020: $227,195Liabilities 2020: $687,830Net Assets 2020: -$460,6352020Assets 2021: $739,612Liabilities 2021: $513,621Net Assets 2021: $225,9912021Assets 2022: $662,862Liabilities 2022: $632,635Net Assets 2022: $30,2272022Assets 2023: $252,945Liabilities 2023: $1,013,570Net Assets 2023: -$760,6252023Assets 2024: $183,851Liabilities 2024: $1,366,985Net Assets 2024: -$1,183,1342024

Highlighted filing

2017

Assets$205,002
Liabilities$414,503
Net Assets-$209,501

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $541,7152011Revenue 2016: $1,352,572Expenses 2016: $1,416,117Net Income 2016: -$63,5452016Revenue 2017: $1,584,222Expenses 2017: $1,586,773Net Income 2017: -$2,5512017Revenue 2018: $1,629,351Expenses 2018: $1,867,466Net Income 2018: -$238,1152018Revenue 2019: $1,398,243Expenses 2019: $1,441,062Net Income 2019: -$42,8192019Revenue 2020: $1,164,223Expenses 2020: $1,129,068Net Income 2020: $35,1552020Revenue 2021: $2,640,925Expenses 2021: $1,954,299Net Income 2021: $686,6262021Revenue 2022: $2,231,561Expenses 2022: $2,427,325Net Income 2022: -$195,7642022Revenue 2023: $1,929,284Expenses 2023: $2,604,581Net Income 2023: -$675,2972023Revenue 2024: $1,691,400Expenses 2024: $2,113,909Net Income 2024: -$422,5092024

Highlighted filing

2017

Revenue$1,584,222
Expenses$1,586,773
Net Income-$2,551
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.2
Gross Receipts
$1,584,222
Mission and Program Overview

Mission

To expose children, adolescents and adults, in underserved communities to the worlds of science, technology, finance, work ethics, nutrition and community service while helping to build stronger parent/children partnerships.

To expose children, adolescents and adults, in underserved communities, to the worlds of science, technology, finance, work ethics, nutrition and community service while helping to build stronger parent/children partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$113,105$112,835▼ $270
Land, Buildings, and Equipment, Net$118,304$83,103▼ $35,201
Loans From Officers Directors$48,773$41,223▼ $7,550
Prepaid Expenses and Deferred Charges$4,641$5,641▲ $1,000
Cash and Non-Interest-Bearing Accounts$2,146$3,423▲ $1,277
Total Assets$238,196$205,002▼ $33,194
Liabilities
Other Liabilities$358,478$346,813▼ $11,665
Accounts Payable and Accrued Expenses$37,895$26,467▼ $11,428
Total Liabilities$445,146$414,503▼ $30,643
Net Assets / Fund Balance
Unrestricted Net Assets$-206,950$-209,501▼ $2,551
Total Net Assets Fund Balance$-206,950$-209,501▼ $2,551
Total Liabilities and Net Assets / Fund Balance$238,196$205,002▼ $33,194

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$83,103$182,600$265,703
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marcelle LashleyAssistant Executive DirectorFT$129,592$129,592
Raymond L Thomas JrExecutive DirectorFT$118,107$118,107

Board Members and Trustees

NameTitle
Michelle StoddartBoard Chair
Christina ColonTrustee
Darlene DukesTrustee
George MosesTrustee
Yvette MckenzieSecretary
Michele RulnickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,584,222
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$274,450
Change in Net Assets
$-2,551

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,584,222
Total Revenue per Audited Statements
$1,584,222
Total Revenue per Form 990
$1,584,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,225,003
Other Expenses$361,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$663,624$209,565-$873,189
Current Officers, Directors, Trustees, and Key Employees$188,250$59,448-$247,698
Payroll Taxes$79,128$24,988-$104,116
Conferences and Meetings$51,150$16,152-$67,302
Office Expenses$25,745$17,795-$43,540
Information Technology$31,403$5,112-$36,515
Depreciation Depletion-$35,201-$35,201
Insurance$12,022$22,156-$34,178
Advertising$18,417--$18,417
Other Expenses$15,546$8,738-$15,546
All Other Expenses-$11,664-$11,664
Fees for Services Accounting-$10,500-$10,500
Fees for Services Legal-$7,187-$7,187
Occupancy$5,272$590-$5,862
Fees for Services Other$4,298$1,357-$5,655
Total Functional Expenses$1,152,786$433,987$0$1,586,773

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,586,773
Total Expenses per Audited Statements$1,586,773
Total Expenses per Form 990$1,586,773
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
Raymond L Thomas JrExecutive DirectorProvide Receive Short Term LoansNo$169,323

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$48,773$41,223▼ $7,550
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contract Advances$177,490
Note Payable$169,323
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 governing body review Part VI line 11

Executive director raymond thomas jr performs a preliminary review of form 990 and supplemental schedules. All changes are made and a final review is performed with board and cpa. Final form 990 is submitted to board for second signoff.

Conflict of interest policy compliance Part VI line 12C

The purpose of this Board conflict of interest policy is to protect Xposure Foundation Inc.s (Xposure)interest when it is contemplating entering into a transaction or arrangement that might benefit the private interests of an officer or director of Xposure or might result in a possible excess benefit transaction. Each director, principal officer and member of a committee with Board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy (b) has read and understands the policy (c) has agreed to compy with the policy, and d) Understands Xposure is charitable and in order to maintain its federal tax exemption it must engage primarily in activities, which accomplish 1 or more of its tax-exempt purposes.

Governing documents etc available to public Part VI line 19

All governing documents books and records are maintained at 121-16 97th ave south richmond hill new york and are available upon request.

Filing and Contact Details

Filer

Filer Name
Xposure Foundation Inc
EIN
26-0160228
Address
121-16 97TH AVE, South Richmond Hill, NY 11419-1321

Signing Officer

Name
Raymond Thomas Jr
Title
Executive Direc
Phone
3474186534
Signed
2018-11-07
Discuss with paid preparer
No

Organization Details

Formed
2007
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
130

Preparer

Firm
R Creary CPA Pc
Address
104 S CENTRAL AVE STE 15, Valley Stream, NY 11580
Preparer
Rowan Creary
Phone
7187066768
Supplemental Narrative

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax return that might be uncertain. Management has considered its tax positions and believes that all of its positions taken in its federal and state tax exempt returns are more likley than not to be sustained upon examination.the organizations 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 unpon examination. The organization has no uncertain tax positions resulting in an accrual of tax expense or benefit.the organizations form 990 and other income tax filings required by state and local tax authorities are no longer subject to tax examination for years before 2014.

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IRS990/Desc0BROADCASTING FUN FINANCE RADIO - PROPRIETARY SCHOOL BASED INTERNET RADIO/TV STATION ALLOW STUDENTS TO CREATE RADIO SHOWS FOCUSING ON A WIDE RANGE OF TOPICS INCLUDING SCHOOL CULTURE, FINANCIAL LITERACY, TEEN ISSUES, POP CULTURE AND OTHER SUBJECT MATTER IMPORTANT TO THEM. GIRLS WITH KNOWLEDGE IS ONE EXAMPLE OF 0UR BROAD ARRAY OF RADIO SHOWS DESIGNED TO PROVIDE YOUTH WITH A PLATFORM TO DISCUSS TOPICS AND ISSUES IMPORTANT TO THEM.MUSIC PRODUCTION - PROPRIETARY MINI SCHOOL-BASED MUSIC STUDIOS ALLOW STUDENTS TO WRITE, PERFORM AND PRODUCE MUSIC CENTERING ON A WIDE RANGE OF TOPICS FROM FINANCIAL LITERACY BASED MUSIC SUCH AS OUR EMMY NOMINATED WORK HARD SONG TO SONGS ABOUT SCHOOL BULLYING LIKE DEAR BULLY.ANIMATION/ 3D MODELING - STUDENTS LEARN THE BASICS OF ANIMATION INCLUDING STOP MOTION 3D ANIMATION. STUDENTS ALSO LEARN THE BASICS OF 3D MODELING INCLUDING DEVELOPING, RIGGING AND TEXTURIZING CHARACTERS. FINANCIAL LITERACY - OUR WALL STREET WARRIORS (WSW) AND LEARN TO EARN PROGRAMS ARE DESIGNED TO HELP PARTICIPANTS UNDERSTAND THE POWER OF SAVING AND INVESTING. STUDENTS LEARN BY ACTUALLY OPENING AND MAINTAING THEIR VERY OWN SAVINGS ACCOUNT (CUSTODIAL ACCOUNTS). IN ADDITION THEY OPEN THEIR VERY OWN ONLINE INVESTMENT ACCOUNTS WHERE THEY HAVE OPPORTUNITIES TO PURCHASE ACTUAL SHARES OF FORTUNE 500 COMPANIES (CUSTODIAL ACCOUNTS). TECHNOLOGY - STUDENTS ARE EXPOSED TO A WIDE RANGE OF TECHNOLOGY PROGRAMMNING INCLUDING ROBOTICS, ELECTRONICS, CODING, DRONES, ETC. OUR 3 STEP TECHNOLOGY/ COMMUNICATIONS MODEL CHALLENGES STUDENTS TO LEARN HOW TO COMMUNICATE EFFECTIVELY BY PLACING A STRONG EMPHASIS ON READING, WRITING, LISTENING AND SPEAKING.DANCE - THE ECLECTIC DANCERS IS A DANCE/LEADERSHIP DEVELOPMENT TROUPE DESIGNED TO BUILD SELF-ESTEEM AND PROVIDE A SENSE OF SELF-EMPOWERMENT THROUGH HIP HOP, MODERN AND OTHER FORMS OF DANCE. IN 2017 XPOSURE WAS NOMINATED FOR 4 NY EMMY AWARDS. ITS A CRIME NOT TO SAVE, NO GUN VIOLENCE, WHATEVER HAPPENED TO BLACK WALL STREET, IF I WAS PRESIDENT. XPOSURE IS NOW 5 TIME NY EMMY NOMINATED.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURN THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF ITS POSITIONS TAKEN IN ITS FEDERAL AND STATE TAX EXEMPT RETURNS ARE MORE LIKLEY THAN NOT TO BE SUSTAINED UPON EXAMINATION.THE ORGANIZATIONS 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 UNPON EXAMINATION. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT.THE ORGANIZATIONS FORM 990 AND OTHER INCOME TAX FILINGS REQUIRED BY STATE AND LOCAL TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MICHELE RULNICK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MARCELLE LASHLEY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2JANIS WHITE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR RAYMOND THOMAS JR PERFORMS A PRELIMINARY REVIEW OF FORM 990 AND SUPPLEMENTAL SCHEDULES. ALL CHANGES ARE MADE AND A FINAL REVIEW IS PERFORMED WITH BOARD AND CPA. FINAL FORM 990 IS SUBMITTED TO BOARD FOR SECOND SIGNOFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The purpose of this Board conflict of interest policy is to protect Xposure Foundation Inc.s (Xposure)interest when it is contemplating entering into a transaction or arrangement that might benefit the private interests of an officer or director of Xposure or might result in a possible excess benefit transaction. Each director, principal officer and member of a committee with Board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflict of interest policy (b) has read and understands the policy (c) has agreed to compy with the policy, and d) Understands Xposure is charitable and in order to maintain its federal tax exemption it must engage primarily in activities, which accomplish 1 or more of its tax-exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS BOOKS AND RECORDS ARE MAINTAINED AT 121-16 97TH AVE SOUTH RICHMOND HILL NEW YORK AND ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RAYMOND THOMAS JR
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ReturnHeader/BusinessOfficerGrp/PhoneNum03474186534
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0XPOSURE FOUNDATION INC
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ReturnHeader/Filer/EIN0260160228
ReturnHeader/Filer/USAddress/AddressLine1Txt0121-16 97TH AVE

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