Civic Intelligence

Blk Chip Inc.

990EZ • Fiscal year 2019 • EIN 26-4363808

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 20, 2020

827 Centre StreetJamaica Plain, MA 02130

(617) 293-4024

Siviq Scores

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

Liabilities / Assets

98th percentile

5.09x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

2.22x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

3rd percentile

-204%

Higher net margin than 3% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

88th percentile

72%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-17%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$70,520

Up $29,609 (+72%) from 2018

Net Assets

Down

-$288,280

Down $329,191 (-805%) from 2018

Liabilities

Up

$358,800

Up $358,800 from 2018

Revenue

Down

$161,700

Down $32,520 (-17%) from 2018

Expenses

Up

$490,891

Up $276,452 (+129%) from 2018

Net Income

Down

-$329,191

Down $308,972 (-1528%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200K-$400KAssets 2016: $52,977Liabilities 2016: $0Net Assets 2016: $52,9772016Assets 2017: $61,130Liabilities 2017: $0Net Assets 2017: $61,1302017Assets 2018: $40,911Liabilities 2018: $0Net Assets 2018: $40,9112018Assets 2019: $70,520Liabilities 2019: $358,800Net Assets 2019: -$288,2802019Assets 2020: $108,944Liabilities 2020: $0Net Assets 2020: $108,9442020Assets 2021: $1,707Liabilities 2021: $7,700Net Assets 2021: -$5,9932021Assets 2022: $1,703Liabilities 2022: $22,728Net Assets 2022: -$21,0252022Assets 2023: $3,224Liabilities 2023: $22,550Net Assets 2023: -$19,3262023Assets 2024: $5,084Liabilities 2024: $5,000Net Assets 2024: $842024

Highlighted filing

2019

Assets$70,520
Liabilities$358,800
Net Assets-$288,280

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $160,409Expenses 2016: $150,475Net Income 2016: $9,9342016Revenue 2017: $141,499Expenses 2017: $133,346Net Income 2017: $8,1532017Revenue 2018: $194,220Expenses 2018: $214,439Net Income 2018: -$20,2192018Revenue 2019: $161,700Expenses 2019: $490,891Net Income 2019: -$329,1912019Revenue 2020: $710,000Expenses 2020: $312,776Net Income 2020: $397,2242020Revenue 2021: $300,000Expenses 2021: $414,937Net Income 2021: -$114,9372021Revenue 2022: $251,000Expenses 2022: $266,032Net Income 2022: -$15,0322022Revenue 2023: $12,078Expenses 2023: $10,379Net Income 2023: $1,6992023Revenue 2024: $27,764Expenses 2024: $8,354Net Income 2024: $19,4102024

Highlighted filing

2019

Revenue$161,700
Expenses$490,891
Net Income-$329,191
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 20, 2020
Return Version
2018v3.1
Gross Receipts
$161,700
Mission and Program Overview

Mission

To work with child serving organizations, which are dedicated to bringing targeted, powerful supports to urban, minority and low income populations that have been traditionally left out of resource rich experiences, but which need a bridge to corporate and philanthropic communities in order to fully benefit from the resources these communities can provide.

To work with child-serving organizations, which are dedicated to bringing targeted, powerful supports to minority and low income populations that have traditionally been left out of resource-rich experiences. To fufill a need to bridge corporate and philanthropic communities in order to fully benefit from resources communities can provide. To nuture relationships between the two sectors, create effective collaboration coalitions, and address gaps in existing services; to deliver technical assistance to clients aimed at fiscal programmatic and leadership sustainability; and further, to carry on any other activity in support of the mission as may be carried on by a coporation organized under chapter 180 of the massachusetts general laws and described in section 501(c)(3) of the code.

Program Services

DescriptionGrantsExpenses
PROVIDING A BRIDGE BETWEEN GRASS ROOTS PROVIDERS, CORPORATE PARTNERS AND PHILANTHROPIC COMMUNITIES$0$490,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT LEWIS JRPresident/Chair-$0--
PAUL FRANCISCOTreasurer-$0--
MICHELLE CALDEIRASecretary-$0--
D'WAYNE EDWARDSDirector-$0--
KLARE SHAWDirector-$0--
MAKEEBA MCCREARYCEOPT$0--
Filing and Contact Details

Filer

Filer Name
Abekam Inc
EIN
26-4363808
Phone
6172934024
Address
827 CENTRE STREET, JAMAICA PLAIN, MA 02130

Signing Officer

Name
Makeeba Mccreary
Title
CEO
Phone
6172934024
Signed
2020-02-20
Discuss with paid preparer
Yes

Preparer

Firm
A L L Cpas
Address
1330 BOYLSTON STREET, CHESTNUT HILL, MA 02467
Preparer
LAURA O'BRIEN
Phone
6177385200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: project consultant. Amount: 103,500. Description: program service expense. Amount: 380,200. Description: bank charges. Amount: 113. Description: meals. Amount: 57. Description: technology. Amount: 836. Description: general & admin expenses. Amount: 130. Description: supplies. Amount: 333. Description: parking expense. Amount: 40. Description: licenses & fees. Amount: 35. Description: website. Amount: 132. Total to form 990-ez, line 16: 485,376.

Form 990-ez, Part II, Line 24 - Other Assets

Description: receivables from current/former officers. Beg. Of year amount: 40,245. End of year amount: 1,703.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: deferred revenue. Beg. Of year amount: 0. End of year amount: 350,000. Description: account payable. Beg. Of year amount: 0. End of year amount: 8,800.

Form 990-ez, Change in Accounting Method

Abekam, inc changed its accounting method from cash to accrual. The change affects the following accounts as of june 30, 2019: decrease in revenue $350,000 increase in account payable $8,800 increase in program service expense $5,000 increase in website $300 increase in accounting $3,500 decrease in net assets $358,800 there was no effect on the net assets as of june 30, 2018.

Raw XML Appendix199 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0JAMIACA PLAIN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT LEWIS JR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3D'WAYNE EDWARDS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5MAKEEBA MCCREARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0485376
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0TO WORK WITH CHILD-SERVING ORGANIZATIONS, WHICH ARE DEDICATED TO BRINGING TARGETED, POWERFUL SUPPORTS TO MINORITY AND LOW INCOME POPULATIONS THAT HAVE TRADITIONALLY BEEN LEFT OUT OF RESOURCE-RICH EXPERIENCES. TO FUFILL A NEED TO BRIDGE CORPORATE AND PHILANTHROPIC COMMUNITIES IN ORDER TO FULLY BENEFIT FROM RESOURCES COMMUNITIES CAN PROVIDE. TO NUTURE RELATIONSHIPS BETWEEN THE TWO SECTORS, CREATE EFFECTIVE COLLABORATION COALITIONS, AND ADDRESS GAPS IN EXISTING SERVICES; TO DELIVER TECHNICAL ASSISTANCE TO CLIENTS AIMED AT FISCAL PROGRAMMATIC AND LEADERSHIP SUSTAINABILITY; AND FURTHER, TO CARRY ON ANY OTHER ACTIVITY IN SUPPORT OF THE MISSION AS MAY BE CARRIED ON BY A COPORATION ORGANIZED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AND DESCRIBED IN SECTION 501(C)(3) OF THE CODE.
IRS990EZ/ProgramServiceRevenueAmt04200
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING A BRIDGE BETWEEN GRASS ROOTS PROVIDERS, CORPORATE PARTNERS AND PHILANTHROPIC COMMUNITIES
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0490891
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalRevenueAmt0161700
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.ABEKAM.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0109220
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt068008
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0160409
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0382132
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: PROJECT CONSULTANT. AMOUNT: 103,500. DESCRIPTION: PROGRAM SERVICE EXPENSE. AMOUNT: 380,200. DESCRIPTION: BANK CHARGES. AMOUNT: 113. DESCRIPTION: MEALS. AMOUNT: 57. DESCRIPTION: TECHNOLOGY. AMOUNT: 836. DESCRIPTION: GENERAL & ADMIN EXPENSES. AMOUNT: 130. DESCRIPTION: SUPPLIES. AMOUNT: 333. DESCRIPTION: PARKING EXPENSE. AMOUNT: 40. DESCRIPTION: LICENSES & FEES. AMOUNT: 35. DESCRIPTION: WEBSITE. AMOUNT: 132. TOTAL TO FORM 990-EZ, LINE 16: 485,376.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: RECEIVABLES FROM CURRENT/FORMER OFFICERS. BEG. OF YEAR AMOUNT: 40,245. END OF YEAR AMOUNT: 1,703.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 350,000. DESCRIPTION: ACCOUNT PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 8,800.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ABEKAM, INC CHANGED ITS ACCOUNTING METHOD FROM CASH TO ACCRUAL. THE CHANGE AFFECTS THE FOLLOWING ACCOUNTS AS OF JUNE 30, 2019: DECREASE IN REVENUE $350,000 INCREASE IN ACCOUNT PAYABLE $8,800 INCREASE IN PROGRAM SERVICE EXPENSE $5,000 INCREASE IN WEBSITE $300 INCREASE IN ACCOUNTING $3,500 DECREASE IN NET ASSETS $358,800 THERE WAS NO EFFECT ON THE NET ASSETS AS OF JUNE 30, 2018.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, CHANGE IN ACCOUNTING METHOD
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-11-19 02:30:22Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum06172934024
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ABEKAM INC
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ReturnHeader/Filer/EIN0264363808
ReturnHeader/Filer/PhoneNum06172934024
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ReturnHeader/Filer/USAddress/CityNm0JAMAICA PLAIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.89.194.121
ReturnHeader/FilingSecurityInformation/IPDt02020-02-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:57:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042774062
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01330 BOYLSTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESTNUT HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002467
ReturnHeader/PreparerPersonGrp/PhoneNum06177385200
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA O'BRIEN
ReturnHeader/ReturnTs02020-02-20T12:00:07-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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