Civic Intelligence

Startup Corps Inc

EIN 27-1208666 • 501(c)3 • Ambler, PA

990-N Coverage

Profile

At Startup Corps, teens build real businesses and learn to

PO Box 409Ambler, PA 19002-0409

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.68x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

43rd percentile

-0.6%

Higher net margin than 43% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

-9.5%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

83rd percentile

43%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Assets

Down

$38,835

Down $4,077 (-9.5%) from 2012

Liabilities

Down

$26,403

Down $2,775 (-9.5%) from 2012

Net Assets

Down

$12,432

Down $1,302 (-9.5%) from 2012

Revenue

Up

$230,964

Up $69,807 (+43%) from 2012

Expenses

Up

$232,266

Up $90,755 (+64%) from 2012

Net Income

Down

-$1,302

Down $20,948 (-107%) from 2012

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2012: $42,912Liabilities 2012: $29,178Net Assets 2012: $13,7342012Assets 2013: $38,835Liabilities 2013: $26,403Net Assets 2013: $12,4322013

Highlighted filing

2013

Assets$38,835
Liabilities$26,403
Net Assets$12,432

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $161,157Expenses 2012: $141,511Net Income 2012: $19,6462012Revenue 2013: $230,964Expenses 2013: $232,266Net Income 2013: -$1,3022013

Highlighted filing

2013

Revenue$230,964
Expenses$232,266
Net Income-$1,302

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$245,164
Mission and Program Overview

Mission

At Startup Corps, teens build real businesses and learn to

At Startup Corps, teens build real businesses and learn to become the next generation of entrepeneurial leaders,thinkers and creators. We offer students a supportive environment,instruction,mentoring microcapital, and other resources to help them build viable ventures

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$9,851$21,098▲ $11,247
Cash and Non-Interest-Bearing Accounts$33,061$17,737▼ $15,324
Loans From Officers Directors$22,572$7,759▼ $14,813
Total Assets$42,912$38,835▼ $4,077
Liabilities
Accounts Payable and Accrued Expenses$6,606$18,644▲ $12,038
Total Liabilities$29,178$26,403▼ $2,775
Net Assets / Fund Balance
Unrestricted Net Assets$13,734$12,432▼ $1,302
Total Net Assets Fund Balance$13,734$12,432▼ $1,302
Total Liabilities and Net Assets / Fund Balance$42,912$38,835▼ $4,077
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richardson SedmakExecutive DirectorFT$65,000$65,000
Christian KunkelProgram Director-$14,140$14,140

Board Members and Trustees

NameTitle
Richard BinswangerPresident
Hans ZandhuisDirector
John WhiteDirector
Lee ShlamowitzesqDirector
Ravi BalaDirector
Jorge SantanaDirector(resigned)
Revenue and Support

Revenue Composition

Contributions and Grants
$112,920
Program Service Revenue
$115,516
Investment Income
$2,302
Other Revenue
$226
All Other Contributions
$108,920
Change in Net Assets
$-1,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$186,860
Other Expenses$45,406
Total Fundraising Expense$21,613
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,129$0$0$97,129
Current Officers, Directors, Trustees, and Key Employees$20,000$30,000$15,000$65,000
All Other Expenses$17,861$0$0$17,861
Payroll Taxes$10,895$3,072$2,641$16,608
Travel$4,513$4,200$1,405$10,118
Other Employee Benefits$4,070$3,066$987$8,123
Information Technology$4,250$1,200$0$5,450
Insurance$0$2,472$0$2,472
Other Expenses$0$1,202$1,202$2,404
Office Expenses$906$229$378$1,513
Fees for Services Accounting$0$1,500$0$1,500
Total Functional Expenses$159,624$51,029$21,613$232,266
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
Loans from Officers, Directors, Trustees, and Key Employees$22,572$7,759▼ $14,813
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VII Col(A)

Compensation of directors:

Part VII Col(A)

Compensation paid to two directors was for consulting

Part VII Col(A)

Services provided as part of the organization's mission and

Part VII Col(A)

Program services provided by the organization and not as

Part VII Col(A)

Compensation for their board duties and responsibilities.

Filing and Contact Details

Filer

EIN
27-1208666
Phone
2674811696

Signing Officer

Name
Richardson Sedmak
Title
Executive Director
Phone
2674811696
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richardson Sedmak
Formed
2009
Legal Domicile
Pa
Voting Board Members
8
Independent Board Members
7
Employees
5
Volunteers
95

Preparer

Preparer
Stuart a Katz
Phone
2153908326
Supplemental Narrative

Additional Explanations

Pt VI, Line 12C

Once a year at a board meeting, the board would discuss the

Pt VI, Line 12C

Conflicts of interest policy and request a signed conflict

Pt VI, Line 12C

Statement from each board member indicating any conflicts.

Pt VI, Line 12C

The president who approves all expenditures and the

Pt VI, Line 12C

Executive director who keeps the books are cognizant of

Pt VI, Line 12C

Any conflicts when paying invoices

Pt VI, Line 15A

Board made independent decision based on relevant comparable

Pt VI, Line 15A

Data based on organizational size,geography, and surveys or other

Pt VI, Line 15A

ORGANIZATIONS

Pt VI, Line 15B

Other employees were paid for program services at

Pt VI, Line 15B

At rates commensurate with teaching skills and experience

Pt VI, Line 11B

Cpa engaged to prepare return sends executive a draft copy of 990

Pt VI, Line 11B

Prior to filing. The draft is circulated by email to all board members

Pt VI, Line 11B

And comments and questions are solicited. They are either addressed by

Pt VI, Line 11B

Executive director and cpa of if there are none, executive

Pt VI, Line 11B

Director approves the 990 for filing

Pt VI, Line 19

Organization's 990 is available on guidestar

Pt VI, Line 19

Other documents including from 1023 are available upon

Pt VI, Line 19

WRITTEN REQUEST

Form 990EZ, Part I, Line 16

Bank service charges program expenses background checks office supplies liability insurance travel and entertainment technology telephone accounting research fees miscellaneous education materials

Form 990EZ, Part II, Line 24

Accounts receivable 9852.

Form 990, Part IX, Line 24F

Educational materials & supplies 17861. 17861. 0. 0.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt12750
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0UNRESTRICTED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1REIMBURSEMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RICHARD BINSWANGER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1RICHARDSON SEDMAK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1EXECUTIVE DIR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt07750
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ONCE A YEAR AT A BOARD MEETING, THE BOARD WOULD DISCUSS THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST POLICY AND REQUEST A SIGNED CONFLICT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STATEMENT FROM EACH BOARD MEMBER INDICATING ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENT WHO APPROVES ALL EXPENDITURES AND THE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR WHO KEEPS THE BOOKS ARE COGNIZANT OF
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY CONFLICTS WHEN PAYING INVOICES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MADE INDEPENDENT DECISION BASED ON RELEVANT COMPARABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DATA BASED ON ORGANIZATIONAL SIZE,GEOGRAPHY, AND SURVEYS OR OTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ORGANIZATIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9OTHER EMPLOYEES WERE PAID FOR PROGRAM SERVICES AT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AT RATES COMMENSURATE WITH TEACHING SKILLS AND EXPERIENCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11CPA ENGAGED TO PREPARE RETURN SENDS EXECUTIVE A DRAFT COPY OF 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PRIOR TO FILING. THE DRAFT IS CIRCULATED BY EMAIL TO ALL BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13AND COMMENTS AND QUESTIONS ARE SOLICITED. THEY ARE EITHER ADDRESSED BY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14EXECUTIVE DIRECTOR AND CPA OF IF THERE ARE NONE, EXECUTIVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15DIRECTOR APPROVES THE 990 FOR FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16ORGANIZATION'S 990 IS AVAILABLE ON GUIDESTAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER DOCUMENTS INCLUDING FROM 1023 ARE AVAILABLE UPON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19COMPENSATION OF DIRECTORS:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20COMPENSATION PAID TO TWO DIRECTORS WAS FOR CONSULTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21SERVICES PROVIDED AS PART OF THE ORGANIZATION'S MISSION AND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22BANK SERVICE CHARGES PROGRAM EXPENSES BACKGROUND CHECKS OFFICE SUPPLIES LIABILITY INSURANCE TRAVEL AND ENTERTAINMENT TECHNOLOGY TELEPHONE ACCOUNTING RESEARCH FEES MISCELLANEOUS EDUCATION MATERIALS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23ACCOUNTS RECEIVABLE 9852.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24EDUCATIONAL MATERIALS & SUPPLIES 17861. 17861. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25PROGRAM SERVICES PROVIDED BY THE ORGANIZATION AND NOT AS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26COMPENSATION FOR THEIR BOARD DUTIES AND RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19PART VII COL(A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20PART VII COL(A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21PART VII COL(A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990, Part IX, Line 24f
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25PART VII COL(A)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26PART VII COL(A)
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt042912
IRS990/TotalAssetsEOYAmt038835
IRS990/TotalAssetsGrp/BOYAmt042912
IRS990/TotalAssetsGrp/EOYAmt038835
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112920
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021613
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159624
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029178
IRS990/TotalLiabilitiesEOYAmt026403
IRS990/TotalLiabilitiesGrp/BOYAmt029178
IRS990/TotalLiabilitiesGrp/EOYAmt026403
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012432
IRS990/TotalProgramServiceExpensesAmt0159624
IRS990/TotalProgramServiceRevenueAmt0115516
IRS990/TotalReportableCompFromOrgAmt079140
IRS990/TotalRevenueGrp/ExclusionAmt02302
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115742
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230964
IRS990/TotalVolunteersCnt095
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042912

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