Civic Intelligence

Oarc Inc.

990 • Fiscal year 2016 • EIN 26-2910778

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 05, 2017

1025 Alameda de las PulgasBelmont, CA 94002

(650) 423-1344

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.96x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

0.55x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$107,383

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

26th percentile

-4.8%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

74th percentile

20%

Faster revenue growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$359,892

Down $18,079 (-4.8%) from 2015

Net Assets

Down

$15,913

Down $99,127 (-86%) from 2015

Liabilities

Up

$343,979

Up $81,048 (+31%) from 2015

Revenue

Up

$628,195

Up $103,452 (+20%) from 2015

Expenses

Up

$727,322

Up $115,212 (+19%) from 2015

Net Income

Down

-$99,127

Down $11,760 (-13%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2012: $208,687Liabilities 2012: $120,479Net Assets 2012: $88,2082012Assets 2013: $404,560Liabilities 2013: $213,475Net Assets 2013: $191,0852013Assets 2014: $435,740Liabilities 2014: $233,333Net Assets 2014: $202,4072014Assets 2015: $377,971Liabilities 2015: $262,931Net Assets 2015: $115,0402015Assets 2016: $359,892Liabilities 2016: $343,979Net Assets 2016: $15,9132016Assets 2017: $380,110Liabilities 2017: $364,453Net Assets 2017: $15,6572017Assets 2018: $372,949Liabilities 2018: $353,558Net Assets 2018: $19,3912018Assets 2019: $445,563Liabilities 2019: $448,078Net Assets 2019: -$2,5152019Assets 2020: $754,523Liabilities 2020: $423,352Net Assets 2020: $331,1712020Assets 2021: $1,005,141Liabilities 2021: $505,616Net Assets 2021: $499,5252021Assets 2022: $906,927Liabilities 2022: $440,159Net Assets 2022: $466,7682022Assets 2023: $749,008Liabilities 2023: $455,884Net Assets 2023: $293,1242023Assets 2024: $472,354Liabilities 2024: $36,148Net Assets 2024: $436,2062024

Highlighted filing

2016

Assets$359,892
Liabilities$343,979
Net Assets$15,913

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $175,7062012Revenue 2013: $439,443Expenses 2013: $336,566Net Income 2013: $102,8772013Revenue 2014: $458,779Expenses 2014: $447,457Net Income 2014: $11,3222014Revenue 2015: $524,743Expenses 2015: $612,110Net Income 2015: -$87,3672015Revenue 2016: $628,195Expenses 2016: $727,322Net Income 2016: -$99,1272016Revenue 2017: $760,538Expenses 2017: $760,794Net Income 2017: -$2562017Revenue 2018: $754,065Expenses 2018: $750,331Net Income 2018: $3,7342018Revenue 2019: $732,554Expenses 2019: $754,460Net Income 2019: -$21,9062019Revenue 2020: $1,011,769Expenses 2020: $678,083Net Income 2020: $333,6862020Revenue 2021: $888,336Expenses 2021: $719,982Net Income 2021: $168,3542021Revenue 2022: $968,121Expenses 2022: $1,000,878Net Income 2022: -$32,7572022Revenue 2023: $936,224Expenses 2023: $1,109,868Net Income 2023: -$173,6442023Revenue 2024: $1,384,892Expenses 2024: $1,178,810Net Income 2024: $206,0822024

Highlighted filing

2016

Revenue$628,195
Expenses$727,322
Net Income-$99,127
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 5, 2017
Return Version
2016v3.0
Gross Receipts
$628,195
Mission and Program Overview

Mission

enable knowledge transfer via open workshops, and to increase public awareness of the DNS's significance."

OARC's mission is to promote operationally-relevant research through data collection and analysis, offer useful services and tools, build relationships among its community of members, facilitate responsible information-sharing, (continued top of next page)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$303,127$293,160▼ $9,967
Land, Buildings, and Equipment, Net$51,344$34,232▼ $17,112
Accounts Receivable$23,500$32,500▲ $9,000
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$377,971$359,892▼ $18,079
Other Assets Total-$0-
Liabilities
Deferred Revenue$247,722$289,139▲ $41,417
Accounts Payable and Accrued Expenses$15,209$54,840▲ $39,631
Total Liabilities$262,931$343,979▲ $81,048
Net Assets / Fund Balance
Unrestricted Net Assets$115,040$15,913▼ $99,127
Total Net Assets Fund Balance$115,040$15,913▼ $99,127
Total Liabilities and Net Assets / Fund Balance$377,971$359,892▼ $18,079

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,232$152,301$186,533
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Keith MitchellPresident/SecPT$107,383$107,383

Board Members and Trustees

NameTitle
Paul EbersmanChairman
David KnightDirector
George MichaelsonDirector
Jacques LatourDirector
Ondrej SuryDirector
Duane WesselsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Huitzuco Associates LtdConsulting14 Alon Street, Stittsville, Ontario, Ca$115,297
make install ABConsultingsvgen 4, Stittsville, SOLNA, Sw$110,584
Revenue and Support

Revenue Composition

Contributions and Grants
$90,000
Program Service Revenue
$538,195
Investment Income
$0
Other Revenue
$0
All Other Contributions
$90,000
Change in Net Assets
$-99,127

Audited Revenue Reconciliation

Revenue per Audited Statements
$628,195
Total Revenue per Audited Statements
$628,195
Total Revenue per Form 990
$628,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$619,939
Salaries, Compensation, and Employee Benefits$107,383
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$90,076$17,307-$107,383
Conferences and Meetings$87,718--$87,718
Travel$58,829$10,382-$69,211
Depreciation Depletion$36,694$6,475-$43,169
Office Expenses$10,973$7,316-$18,289
Occupancy$3,502$618-$4,120
Information Technology$1,358$240-$1,598
Other Expenses$21,502$916-$916
Total Functional Expenses$681,479$45,843$0$727,322

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$727,322
Total Expenses per Audited Statements$727,322
Total Expenses per Form 990$727,322
International Activity

International Summary

Employees
3

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeSubscription ActivitiesSubscription Revenue03$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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Keith MitchellPresident/DirectorConsultingNo$107,383

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, a member of the board of directors, and the chief financial officer. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Oarc currently has no employees as all operational assignments are performed by independent contractors. However, if and when employees are hired, the organization will appoint a committee of the board of directors to review the compensation of all high-level personnel annually in accordance with irs rules and regulations. Efforts will be made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort will be made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

As noted previously, there are currently no employees of oarc, inc.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office.

Filing and Contact Details

Filer

Filer Name
Oarc Inc
EIN
26-2910778
Phone
6504231344
Address
1025 Alameda de las Pulgas, Belmont, CA 94002

Signing Officer

Name
Keith Mitchell
Title
President/Sec
Signed
2017-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Mitchell
Formed
2008
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, OARC is required to report information regarding its exposure to various tax positions taken by OARC and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that OARC has adequately evaluated its current tax positions and has concluded that as of December 31, 2016, OARC does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.OARC has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that OARC continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. OARC may periodically receive unrelated business income requiring OARC to file separate tax returns under federal and state statutes. Under such conditions, OARC calculates and accrues the applicable taxes payable.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, OARC is required to report information regarding its exposure to various tax positions taken by OARC and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that OARC has adequately evaluated its current tax positions and has concluded that as of December 31, 2016, OARC does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.OARC has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that OARC continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. OARC may periodically receive unrelated business income requiring OARC to file separate tax returns under federal and state statutes. Under such conditions, OARC calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Keith Mitchell
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0President/Director
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The President of OARC sits on the Board of Directors and also receives compensation for providing services to the organization.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT, A MEMBER OF THE BOARD OF DIRECTORS, AND THE CHIEF FINANCIAL OFFICER. THIS GROUP OF INDIVIDUALS THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONAL. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL PERSONNEL AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE (INWRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OARC CURRENTLY HAS NO EMPLOYEES AS ALL OPERATIONAL ASSIGNMENTS ARE PERFORMED BY INDEPENDENT CONTRACTORS. HOWEVER, IF AND WHEN EMPLOYEES ARE HIRED, THE ORGANIZATION WILL APPOINT A COMMITTEE OF THE BOARD OF DIRECTORS TO REVIEW THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL ANNUALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS WILL BE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES. EVERY EFFORT WILL BE MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND THE ORGANIZATION'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS NOTED PREVIOUSLY, THERE ARE CURRENTLY NO EMPLOYEES OF OARC, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE FOR A PHYSICAL INSPECTION AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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