Civic Intelligence

Innovative Solutions for Non-Profits Inc

990 • Fiscal year 2014 • EIN 26-2117460

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

Organization ProfileN/A
121 Brayton Avenue02920

(401) 831-9569

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

1st percentile

-252%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

91st percentile

$118,425

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 202.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

$927,395

No earlier filing loaded for comparison.

Net Assets

$927,395

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin1st percentile

Revenue

$58,622

No earlier filing loaded for comparison.

Expenses

$206,354

No earlier filing loaded for comparison.

Net Income

-$147,732

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2014: $927,395Liabilities 2014: $0Net Assets 2014: $927,3952014Assets 2021: $212,333Liabilities 2021: $6,228Net Assets 2021: $206,1052021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2014

Assets$927,395
Liabilities$0
Net Assets$927,395
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500K$0-$500KRevenue 2014: $58,622Expenses 2014: $206,354Net Income 2014: -$147,7322014Revenue 2021: $2,303Expenses 2021: $28,548Net Income 2021: -$26,2452021Revenue 2022: $7,797Expenses 2022: $411,343Net Income 2022: -$403,5462022

Highlighted filing

2014

Revenue$58,622
Expenses$206,354
Net Income-$147,732
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$266,714
Mission and Program Overview

Mission

Innovative solutions mission is to improve the efficiency and effectiveness of the not-for-profit sector through bringing organizations together in collaborative efforts, reducing duplicative activities and costs.

To improve the efficiency and effectiveness of the not-for-profit sector.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$864,473$914,309▲ $49,836
Cash and Non-Interest-Bearing Accounts$185,938$13,086▼ $172,852
Receivables From Officers Etc$6,100--
Total Assets$1,056,511$927,395▼ $129,116
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,056,511$927,395▼ $129,116
Total Net Assets Fund Balance$1,056,511$927,395▼ $129,116
Total Liabilities and Net Assets / Fund Balance$1,056,511$927,395▼ $129,116
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William R WalterPresidentFT$109,321$9,104$118,425

Board Members and Trustees

NameTitle
Richard SullivanChairman
Karen Allen BaxterDirector
Peter CoopDirector
Rae ManciniDirector
Diane SullivanSecretary
Donald DiblasiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$58,622
Other Revenue
$0
Change in Net Assets
$-147,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,422
Other Expenses$46,932
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$121,705$16,596-$138,301
Travel$15,521$2,116-$17,637
Payroll Taxes$9,786$1,335-$11,121
Fees for Service Investment Mgmnt Fees$9,029$1,231-$10,260
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting$6,125$835-$6,960
Office Expenses$3,938$537-$4,475
Conferences and Meetings$3,608$492-$4,100
Other Expenses$416$57-$473
Total Functional Expenses$182,792$23,562$0$206,354
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
22-2672825-501(c)(3)Support for New Site of Food Pantry in Olneyville Section of Providence$10,000
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$6,100--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Part VI, Section B, Line 11

“The board of directors and the organization's president review the federal form 990 prior to filing to ensure a complete and accurate return is filed.”

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

“All directors and employees are to complete a conflict of interest statement annually.”

Form 990, Part VI, Section B, Line 15A

“The compensation of the innovative solutions president is established each year by the organization's independent board of directors. This group engages in a formal review process of the president's past performance and establishes goals and objectives for the coming year. Compensation is established after a review of compensation levels at other not-for-profit organizations obtained by a review of their published 990 forms, a review of the change in the consumer price index for this region, and the annual compensation survey results published in the chronicle of philanthropy and the non profit times. The innovative solutions president will not be employed by any other company and will devote his entire efforts to the programs of this organization.”

Form 990, Part VI, Section C, Line 19

“Request is made to the organization's president.”

Filing and Contact Details

Filer

EIN
26-2117460
Phone
4018319569

Signing Officer

Name
William R Walter
Title
President
Phone
4018319569
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William R Walter
Formed
2008
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Preparer
Deborah a Hopkins
Phone
4012742001
Raw XML Appendix340 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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IRS990/ActivityOrMissionDesc0TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE NOT-FOR-PROFIT SECTOR.
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IRS990/BooksInCareOfDetail/PersonNm0WILLIAM WALTER
IRS990/BooksInCareOfDetail/PhoneNum04018319569
IRS990/BooksInCareOfDetail/USAddress/AddressLine10283 MOUNT PLEASANT AVENUE
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IRS990/Desc0DURING THIS FISCAL YEAR, A MULTI-YEAR PROJECT WITH THE PROVIDENCE IN-TOWN CHURCHES ASSOCIATION (PICA), OLNEYVILLE HOUSING, AND THE RHODE ISLAND COMMUNITY FOOD BANK RESULTED IN THE RELOCATION OF THE FOOD PANTRY SERVING THE OLNEYVILLE NEIGHBORHOOD TO A NEW SITE PROVIDED BY OLNEYVILLE HOUSING. THIS WAS ACCOMPLISHED WITH A $10,000 GRANT FROM INNOVATIVE SOLUTIONS.DURING 2013, THE DIOCESE OF PROVIDENCE ANNOUNCED THEIR INTENTION TO CLOSE THE FOOD PANTRY THAT THEY HAD BEEN OPERATING FOR MANY YEARS, SERVING LOW INCOME FAMILIES IN THE OLNEYVILLE SECTION OF PROVIDENCE. WITH NO ALTERNATIVE FOOD PANTRIES NEARBY, A VITAL SERVICE WOULD BE LOST TO THIS COMMUNITY IN NEED.TO AVERT THIS LOSS, INNOVATIVE SOLUTIONS CONVENED A MEETING OF THE RHODE ISLAND COMMUNITY FOOD BANK (FB), OLNEYVILLE HOUSING (OH), AND PICA (OPERATOR OF THE LARGEST FOOD PANTRY IN PROVIDENCE). AS THE PROVIDER OF FOOD TO THE PANTRY, THE FB AGREED TO CONTINUE TO PROVIDE THIS SERVICE AND TO PROVIDE A GRANT FOR NEW EQUIPMENT, IF A NEW SITE COULD BE FOUND IN THE NEIGHBORHOOD. OH AGREED TO PROVIDE SPACE FOR A NEW FOOD PANTRY, RENT FREE.EARLY THIS YEAR, WITH FUNDING PROVIDED BY INNOVATIVE SOLUTIONS, THE UNITED WAY, AND THE FB, THE NEW SITE WAS OPENED. IT HAS BEEN OPERATING SUCCESSFULLY, SERVING MORE FAMILIES THAN THE PRIOR LOCATION, AND HAS OPERATED AT BETTER EFFICIENCY AS A RESULT OF COMBINING MUCH OF THE OVERHEAD OF THE PREVIOUS PANTRY WITH PICA'S.ANOTHER OF INNOVATIVE SOLUTIONS' SUCCESSES THIS YEAR WAS THE TECHNICAL AND FINANCIAL SUPPORT PROVIDED TO THE MERGER OF BIG BROTHERS AND BIG SISTERS OF THE OCEAN STATE AND BIG BROTHERS OF RHODE ISLAND. BOTH OF THESE ORGANIZATIONS SHARED THE MISSION OF MENTORING AT RISK CHILDREN BETWEEN 7 AND 14.ORIGINALLY ESTABLISHED AS BIG SISTERS OF RHODE ISLAND, IN 2010, RECOGNIZING A LARGE DEMAND, THEY CHANGED THEIR NAME TO BIG BROTHERS AND BIG SISTERS OF THE OCEAN STATE (BBBSOS) AND EXPANDED THEIR MISSION TO INCLUDE BOYS. THEY ARE THE STATE'S LARGEST MENTORING ORGANIZATION, SERVING OVER 500 CHILDREN EACH YEAR.BIG BROTHERS OF RI (BBRI) IS A SMALLER ORGANIZATION SERVING 100 BOYS EACH YEAR AND IN RECENT YEARS BEGAN TO SUFFER THE FINANCIAL PRESSURES THAT MANY NON-PROFITS EXPERENCED DURING THAT PERIOD. IN 2014, FACED WITH THE POTENTIAL CLOSING OF THEIR AGENCY, WE BEGAN MERGER DISCUSSIONS BETWEEN BBRI AND BBBSOS. DURING THESE DISCUSSIONS, IT WAS DISCOVERED THAT, BY CLOSING THE BBRI SITE AND RELOCATING THEIR OPERATIONS TO THE BBBSOS SITE, AND ELIMINATING REDUNDANT MANAGEMENT STAFF, THE COMBINED AGENCIES WOULD BECOME FINANCIALLY VIABLE. FORECASTS ARE ALSO THAT THEY WILL BE ABLE TO SERVE ADDITIONAL CLIENTS WITHOUT INCREASING OVERALL COST.A MEMORANDUM OF UNDERSTANDING WAS SIGNED, AND BBBSOS TOOK OVER MANAGEMENT OF BBRI. THE COMBINED ORGANIZATIONS WILL CONTINUE TO BE CALLED BIG BROTHERS AND BIG SISTERS OF THE OCEAN STATE. THE FINAL DOCUMENTS FOR MERGER ARE BEING PREPARED, AND AT THE CLOSING (WITHIN THE NEXT 8 WEEKS), INNOVATIVE SOLUTIONS WILL PROVIDE A $5,000 GRANT TO SUPPORT THE ONE TIME COSTS ASSOCIATED WITH THIS MERGER. THESE INCLUDE COMBINING ACCOUNTING AND HUMAN RESOURCE SYSTEMS, AND LEGAL AND ACCOUNTING EXPENSES.ALSO, THIS YEAR, VERY EXTENSIVE WORK WAS DONE WITH THE NICKERSON COMMUNITY CENTER (NCC) IN PROVIDENCE. FOUNDED IN 1884, NCC PROVIDES: AFTER SCHOOL PROGRAMS, EARLY CHILDHOOD EDUCATION, NON-CLINICAL CASE MANAGEMENT, YOUTH AND ADULT RECREATIONAL PROGRAMS, SENIOR PROGRAMS AND VETERAN'S HOUSING TO LOW INCOME FAMILIES IN THE OLNEYVILLE, MANTON, AND VALLEY NEIGHBORHOODS OF PROVIDENCE.DURING CALENDAR YEAR 2013, AS A RESULT OF NUMEROUS MANAGEMENT CHANGES AND POOR FINANCIAL MANAGEMENT, THE AGENCY WAS FACED WITH CLOSURE AND THE NEIGHBORHOOD WAS FACED WITH LOSING THIS IMPORTANT RESOURCE.BECAUSE OF THE WORK INNOVATIVE SOLUTIONS HAD DONE WITH THE NOWELL LEADERSHIP ACADEMY (CHARTER HIGH SCHOOL SERVING SINGLE PARENTS AND PREGNANT STUDENTS WITH ONLINE LEARNING), WE WERE AWARE THAT THEY WERE LOOKING FOR A SITE FOR A PROVIDENCE CAMPUS. A DEAL WAS BROKERED WITH NCC TO
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
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IRS990/MissionDesc0INNOVATIVE SOLUTIONS MISSION IS TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE NOT-FOR-PROFIT SECTOR THROUGH BRINGING ORGANIZATIONS TOGETHER IN COLLABORATIVE EFFORTS, REDUCING DUPLICATIVE ACTIVITIES AND COSTS.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0THE ORGANIZATION WAS ORIGINALLY ESTABLISHED IN 2008 WITH A LARGE GRANT FROM ANOTHER 501(C)(3) PUBLIC CHARITY. THE ORGANIZATION HAS OPERATED SINCE 2008, RELYING ON THE INVESTMENT INCOME GENERATED BY THE ORIGINAL GRANT. SINCE 2013 IS THE SIXTH YEAR OF OPERATIONS, THE ORGANIZATION HAD NOT BEEN REQUIRED TO REPORT A PUBLIC SUPPORT PERCENTAGE IN PAST YEARS. THE 2012 PUBLIC SUPPORT PERCENTAGE HAS BEEN CALCULATED TO BE 95.23%. THE ORGANIZATION HAS FILED FORM 8940 AND THE REQUIRED ATTACHMENTS TO REQUEST TO HAVE ITS STATUS CHANGED TO A PRIVATE OPERATING FOUNDATION FOR FISCAL YEAR ENDING 6/30/15.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10PROVIDENCE IN-TOWN CHURCH ASSOCIATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS AND THE ORGANIZATION'S PRESIDENT REVIEW THE FEDERAL FORM 990 PRIOR TO FILING TO ENSURE A COMPLETE AND ACCURATE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DIRECTORS AND EMPLOYEES ARE TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE INNOVATIVE SOLUTIONS PRESIDENT IS ESTABLISHED EACH YEAR BY THE ORGANIZATION'S INDEPENDENT BOARD OF DIRECTORS. THIS GROUP ENGAGES IN A FORMAL REVIEW PROCESS OF THE PRESIDENT'S PAST PERFORMANCE AND ESTABLISHES GOALS AND OBJECTIVES FOR THE COMING YEAR. COMPENSATION IS ESTABLISHED AFTER A REVIEW OF COMPENSATION LEVELS AT OTHER NOT-FOR-PROFIT ORGANIZATIONS OBTAINED BY A REVIEW OF THEIR PUBLISHED 990 FORMS, A REVIEW OF THE CHANGE IN THE CONSUMER PRICE INDEX FOR THIS REGION, AND THE ANNUAL COMPENSATION SURVEY RESULTS PUBLISHED IN THE CHRONICLE OF PHILANTHROPY AND THE NON PROFIT TIMES. THE INNOVATIVE SOLUTIONS PRESIDENT WILL NOT BE EMPLOYED BY ANY OTHER COMPANY AND WILL DEVOTE HIS ENTIRE EFFORTS TO THE PROGRAMS OF THIS ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REQUEST IS MADE TO THE ORGANIZATION'S PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SubjectToProxyTaxInd00
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
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IRS990/USAddress/State0RI
IRS990/USAddress/ZIPCode002920
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM R WALTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04018319569
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10INNOVATIVE SOLUTIONS FOR NON-PROFITS INC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KAHN LITWIN RENZA & CO LTD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode002904
ReturnHeader/PreparerPersonGrp/PhoneNum04012742001
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBORAH A HOPKINS
ReturnHeader/ReturnTs02015-05-14T13:39:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$927,395
Liabilities
$0
Net assets
$927,395
Revenue
$58,622
Expenses
$206,354
Net income
-$147,732
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.08$4.11$4.04
2021Detailed filing. Detailed filing data is available for this year.$2.12$0.06$2.06$0.02$0.29$0.26
2014Detailed filing. Detailed filing data is available for this year.$9.27$0.00$9.27$0.59$2.06$1.48