Civic Intelligence

Eoto Inc

990 • Fiscal year 2021 • EIN 27-1814746

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 02, 2022

17762 Cowan 2nd FloorIrvine, CA 92614

(949) 294-2155

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.72x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

1.20x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

18th percentile

-23%

Higher net margin than 18% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

88th percentile

95%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

15th percentile

-54%

Faster revenue growth than 15% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$372,887

Up $181,422 (+95%) from 2020

Net Assets

Down

$103,087

Down $50,878 (-33%) from 2020

Liabilities

Up

$269,800

Up $232,300 (+619%) from 2020

Revenue

Down

$225,635

Down $265,785 (-54%) from 2020

Expenses

Down

$276,513

Down $170,588 (-38%) from 2020

Net Income

Down

-$50,878

Down $95,197 (-215%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2017: $248,117Liabilities 2017: $0Net Assets 2017: $248,1172017Assets 2018: $192,369Liabilities 2018: $0Net Assets 2018: $192,3692018Assets 2019: $109,646Liabilities 2019: $0Net Assets 2019: $109,6462019Assets 2020: $191,465Liabilities 2020: $37,500Net Assets 2020: $153,9652020Assets 2021: $372,887Liabilities 2021: $269,800Net Assets 2021: $103,0872021Assets 2022: $280,301Liabilities 2022: $269,800Net Assets 2022: $10,5012022Assets 2023: $333,761Liabilities 2023: $269,800Net Assets 2023: $63,9612023Assets 2024: $271,145Liabilities 2024: $269,800Net Assets 2024: $1,3452024

Highlighted filing

2021

Assets$372,887
Liabilities$269,800
Net Assets$103,087

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $359,705Expenses 2017: $153,979Net Income 2017: $205,7262017Revenue 2018: $100,004Expenses 2018: $155,752Net Income 2018: -$55,7482018Revenue 2019: $52,141Expenses 2019: $134,864Net Income 2019: -$82,7232019Revenue 2020: $491,420Expenses 2020: $447,101Net Income 2020: $44,3192020Revenue 2021: $225,635Expenses 2021: $276,513Net Income 2021: -$50,8782021Revenue 2022: $127,072Expenses 2022: $219,658Net Income 2022: -$92,5862022Revenue 2023: $300,323Expenses 2023: $246,863Net Income 2023: $53,4602023Revenue 2024: $214,981Expenses 2024: $277,597Net Income 2024: -$62,6162024

Highlighted filing

2021

Revenue$225,635
Expenses$276,513
Net Income-$50,878
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 2, 2022
Return Version
2021v4.0
Gross Receipts
$225,635
Mission and Program Overview

Mission

Each one teach one provides poor and orphaned children in domestic and developing countries, or poverty-stricken areas with financial support and access to basic necessities for health, medicine, housing and education.

Eoto both domestically and internationally provides underprivileged and orphaned children in poverty-stricken areas with financial support and access to basic necessities for health, medicine, housing and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$37,500$269,800▲ $232,300
Cash and Non-Interest-Bearing Accounts$153,965$103,087▼ $50,878
Total Assets$191,465$372,887▲ $181,422
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,500$269,800▲ $232,300
Total Liabilities$37,500$269,800▲ $232,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$153,965$103,087▼ $50,878
Total Net Assets Fund Balance$153,965$103,087▼ $50,878
Total Liabilities and Net Assets / Fund Balance$191,465$372,887▲ $181,422
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nitesh P PatelPresident
Andy J SzetoSecretary/tr
Adrian IbarraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$225,635
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$225,635
Change in Net Assets
$-50,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$232,821
Other Expenses$43,692
Total Fundraising Expense$700
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$133,974--$133,974
Foreign Grants$75,000--$75,000
Occupancy$29,347--$29,347
Grants to Domestic Orgs$23,847--$23,847
Travel$7,756--$7,756
Fees for Services Legal-$3,500-$3,500
Information Technology$2,100-$700$2,800
Interest-$289-$289
Total Functional Expenses$272,024$3,789$700$276,513
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brackens KitchenFountain Valley, CA501c3Community Support$11,347

International Summary

Spending
$75,000

International Compliance

Foreign grant records maintained
No
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
South AsiaContributionsSchools-students--$75,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The president reviews the 990 with the tax preparer. A complete copy of the final 990 draft, with all schedules is delivered to all board members and officers via email in pdf format a week prior to filing.

Form 990, Page 6, Part VI, Line 12C

Article 12 - conflicts of interest policy, per section 6 of article 12 "conflicts of interest policy of the agency bylaws states: "each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a) has received a copy of the conflicts of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes

Form 990, Page 6, Part VI, Line 15A

At this point, there are no paid officers of the agency. If there were any paid officers, the board of directors would decide the salary and benefits of such officer after assessing fair and equitable compensation based on compensation of officers of agencies of similar size, field and location to eoto, inc.

Form 990, Page 6, Part VI, Line 19

Governing documents are currently available to anyone upon request.

Filing and Contact Details

Filer

Filer Name
Eoto Inc
EIN
27-1814746
Phone
9492942155
Address
17762 COWAN 2ND FLOOR, IRVINE, CA 92614

Signing Officer

Name
Nitesh P Patel
Title
President
Phone
9492942155
Signed
2022-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nitesh P Patel
Formed
2010
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
500

Preparer

Firm
Marjtax Incorporated
Address
3542 FRUITVALE AVE, OAKLAND, CA 94602-2327
Preparer
Marjorie Williams-jones
Phone
5104826204
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Our volunteers help pass out about 100,000 pounds of food to families, prepared and served over 5000 meals, served 1250 freshly made shaved ice for all children that received backpacks, and assisted in handing out over 5000 backpacks filled with school supplies to children that need the basic items to continue their educational journey. In addition, we handed out over 12,000 pieces of brand name clothing to children and adults. They assist with doing yearly food drives, toy drives and backpack giveaways throughout the year.

Form 990, Page 2, Part III, Line 4D

Thanksgiving: we passed out 175 thanksgiving meals to families in need. These meals included a 20 pound turkey and all the groceries to create the sides. These meals were provided to families in underserved areas. Ppe: masks and other ppe for the pandemic were given away to schools, hospitals and police departments. The ppe equipment had been donated to us as gifts-in-kind from mega wholesale corp for this purpose.

Raw XML Appendix345 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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt49629
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0BACKPACK GIVEAWAY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1KICKS FOR KIDS (SHOES)
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2THANKSGIVING MEALS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt3CHRISTMAS WISH GIVEAWAY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt4HALLOWEE CARNIVAL FOR KID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt2250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt31000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt4250
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc2COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc3COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc4COST
IRS990ScheduleI/RecipientTable/CashGrantAmt011347
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMMUNITY SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BRACKENS KITCHEN
IRS990ScheduleI/RecipientTable/RecipientEIN0462633171
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09643 TURTLEDOVE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FOUNTAIN VALLEY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092708
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR VOLUNTEERS HELP PASS OUT ABOUT 100,000 POUNDS OF FOOD TO FAMILIES, PREPARED AND SERVED OVER 5000 MEALS, SERVED 1250 FRESHLY MADE SHAVED ICE FOR ALL CHILDREN THAT RECEIVED BACKPACKS, AND ASSISTED IN HANDING OUT OVER 5000 BACKPACKS FILLED WITH SCHOOL SUPPLIES TO CHILDREN THAT NEED THE BASIC ITEMS TO CONTINUE THEIR EDUCATIONAL JOURNEY. IN ADDITION, WE HANDED OUT OVER 12,000 PIECES OF BRAND NAME CLOTHING TO CHILDREN AND ADULTS. THEY ASSIST WITH DOING YEARLY FOOD DRIVES, TOY DRIVES AND BACKPACK GIVEAWAYS THROUGHOUT THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THANKSGIVING: WE PASSED OUT 175 THANKSGIVING MEALS TO FAMILIES IN NEED. THESE MEALS INCLUDED A 20 POUND TURKEY AND ALL THE GROCERIES TO CREATE THE SIDES. THESE MEALS WERE PROVIDED TO FAMILIES IN UNDERSERVED AREAS. PPE: MASKS AND OTHER PPE FOR THE PANDEMIC WERE GIVEN AWAY TO SCHOOLS, HOSPITALS AND POLICE DEPARTMENTS. THE PPE EQUIPMENT HAD BEEN DONATED TO US AS GIFTS-IN-KIND FROM MEGA WHOLESALE CORP FOR THIS PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT REVIEWS THE 990 WITH THE TAX PREPARER. A COMPLETE COPY OF THE FINAL 990 DRAFT, WITH ALL SCHEDULES IS DELIVERED TO ALL BOARD MEMBERS AND OFFICERS VIA EMAIL IN PDF FORMAT A WEEK PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ARTICLE 12 - CONFLICTS OF INTEREST POLICY, PER SECTION 6 OF ARTICLE 12 "CONFLICTS OF INTEREST POLICY OF THE AGENCY BYLAWS STATES: "EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT THIS POINT, THERE ARE NO PAID OFFICERS OF THE AGENCY. IF THERE WERE ANY PAID OFFICERS, THE BOARD OF DIRECTORS WOULD DECIDE THE SALARY AND BENEFITS OF SUCH OFFICER AFTER ASSESSING FAIR AND EQUITABLE COMPENSATION BASED ON COMPENSATION OF OFFICERS OF AGENCIES OF SIMILAR SIZE, FIELD AND LOCATION TO EOTO, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE CURRENTLY AVAILABLE TO ANYONE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0191465
IRS990/TotalAssetsEOYAmt0372887
IRS990/TotalAssetsGrp/BOYAmt0191465
IRS990/TotalAssetsGrp/EOYAmt0372887
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0225635
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0700
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03789
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0272024
IRS990/TotalFunctionalExpensesGrp/TotalAmt0276513
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037500
IRS990/TotalLiabilitiesEOYAmt0269800
IRS990/TotalLiabilitiesGrp/BOYAmt037500
IRS990/TotalLiabilitiesGrp/EOYAmt0269800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0153965
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103087
IRS990/TotalProgramServiceExpensesAmt0272024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0225635
IRS990/TotalVolunteersCnt0500
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0191465
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0372887
IRS990/TravelGrp/ProgramServicesAmt07756
IRS990/TravelGrp/TotalAmt07756
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt017762 COWAN 2ND FLOOR
IRS990/USAddress/CityNm0IRVINE
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094614
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0HTTP://WWW.EOTO.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NITESH P PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09492942155
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EOTO INC
ReturnHeader/Filer/BusinessNameControlTxt0EOTO
ReturnHeader/Filer/EIN0271814746
ReturnHeader/Filer/PhoneNum09492942155
ReturnHeader/Filer/USAddress/AddressLine1Txt017762 COWAN 2ND FLOOR
ReturnHeader/Filer/USAddress/CityNm0IRVINE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092614
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454570537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARJTAX INCORPORATED
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03542 FRUITVALE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0946022327
ReturnHeader/PreparerPersonGrp/PhoneNum05104826204
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARJORIE WILLIAMS-JONES
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-02T22:01:59-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NITESH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATEL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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