Civic Intelligence

Hocus Focus Inc.

990EZ • Fiscal year 2022 • EIN 27-2504010

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 15, 2023

3512 Clover Hill LaneBenton, AR 72015

(917) 744-0559

Siviq Scores

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

Liabilities / Assets

90th percentile

0.52x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

58th percentile

10.0%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

84th percentile

$16,300

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 12.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

9th percentile

-54%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

40%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$51,209

Down $60,757 (-54%) from 2021

Net Assets

Down

$24,722

Down $32,475 (-57%) from 2021

Liabilities

Down

$26,487

Down $28,282 (-52%) from 2021

Revenue

Up

$133,387

Up $38,044 (+40%) from 2021

Expenses

Up

$120,076

Up $42,127 (+54%) from 2021

Net Income

Down

$13,311

Down $4,083 (-23%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0-$50KAssets 2012: $2,489Net Assets 2012: $2,4892012Assets 2013: $0Liabilities 2013: $279Net Assets 2013: -$2792013Assets 2014: $4,300Net Assets 2014: $4,3002014Assets 2015: $1,722Net Assets 2015: $1,7222015Assets 2016: $52,043Net Assets 2016: $52,0432016Assets 2017: $75,402Net Assets 2017: $75,4022017Assets 2018: $94,522Net Assets 2018: $94,5222018Assets 2019: $82,050Liabilities 2019: $53,553Net Assets 2019: $28,4972019Assets 2020: $72,229Liabilities 2020: $35,986Net Assets 2020: $36,2432020Assets 2021: $111,966Liabilities 2021: $54,769Net Assets 2021: $57,1972021Assets 2022: $51,209Liabilities 2022: $26,487Net Assets 2022: $24,7222022Assets 2023: $13,982Liabilities 2023: $12,955Net Assets 2023: $68,0412023Assets 2024: $30,495Liabilities 2024: $14,614Net Assets 2024: $15,8812024

Highlighted filing

2022

Assets$51,209
Liabilities$26,487
Net Assets$24,722

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $54,564Expenses 2012: $52,640Net Income 2012: $1,9242012Revenue 2013: $75,058Expenses 2013: $77,826Net Income 2013: -$2,7682013Revenue 2014: $52,313Expenses 2014: $47,734Net Income 2014: $4,5792014Revenue 2015: $98,199Expenses 2015: $100,777Net Income 2015: -$2,5782015Revenue 2016: $183,024Expenses 2016: $132,703Net Income 2016: $50,3212016Revenue 2017: $129,881Expenses 2017: $106,522Net Income 2017: $23,3592017Revenue 2018: $180,595Expenses 2018: $161,475Net Income 2018: $19,1202018Revenue 2019: $78,504Expenses 2019: $144,529Net Income 2019: -$66,0252019Revenue 2020: $110,548Expenses 2020: $102,802Net Income 2020: $7,7462020Revenue 2021: $95,343Expenses 2021: $77,949Net Income 2021: $17,3942021Revenue 2022: $133,387Expenses 2022: $120,076Net Income 2022: $13,3112022Revenue 2023: $194,131Expenses 2023: $150,812Net Income 2023: $43,3192023Revenue 2024: $211,300Expenses 2024: $212,067Net Income 2024: -$7672024

Highlighted filing

2022

Revenue$133,387
Expenses$120,076
Net Income$13,311
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 15, 2023
Return Version
2022v5.0
Gross Receipts
$133,387
Mission and Program Overview

Mission

To promote public awareness of learning disabilities and alternative education methods for children with learning disabilities to improve the overall quality of education for learning disabled students.

To promote education to those with learning disability

Program Services

DescriptionGrantsExpenses
To Promote public awareness of learning disabilities and alternative education methods for children with learning disabilities to improve the overall quality of education for learning disabled students--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN SPENCERPresidentFT$16,300-$16,300
CYNTHIA SPENCERVice PresidentPT$0--
KEITH BARBERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hocus Focus Inc
EIN
27-2504010
In Care Of
% Kevin Spencer
Phone
9177440559
Address
3512 Clover Hill Lane, Benton, AR 72015

Signing Officer

Name
Kevin Spencer
Title
President
Phone
9177440559
Signed
2023-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Penn Tax and Accounting LLC
Address
301 Roya Lane suite 2A, Bryant, AR 72022
Preparer
John F Penn
Phone
5018477533
Supplemental Narrative

Additional Explanations

Part I Line 16

Advertising and promotion $2995.00

Part I Line 16

Other office expenses $539.00

Part I Line 16

Travel $24572.00

Part I Line 16

Interest $6299.00

Part I Line 16

Insurance $2288.00

Part I Line 16

Continuing Education $9577.00

Part I Line 16

Meals $3557.00

Part I Line 16

Telephone $8171.00

Part I Line 16

Licenses and Permits $207.00

Part I Line 16

Uniforms $636.00

Part I Line 16

Bank Fees $615.00

Part I Line 16

Dues and Subscriptions $1386.00

Part I Line 16

Repairs & Maintenance $5221.00

Part I Line 16

Show Expense $11355.00

Part I Line 16

Property Taxes $2180.00

Part I Line 16

Warehouse Rent $2317.00

Part I Line 16

Utilities $618.00

Part I Line 16

Contributions $2538.00

Part I Line 16

Supplies $955.00

Part II Line 24

Receivables Due from Officers Ending: $24020.00

Part II Line 26

Credit Cards Payable Ending: $26487.00

Raw XML Appendix186 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and promotion $2995.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other office expenses $539.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $24572.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Interest $6299.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $2288.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Continuing Education $9577.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Meals $3557.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Telephone $8171.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Licenses and Permits $207.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Uniforms $636.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Bank Fees $615.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Dues and Subscriptions $1386.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Repairs & Maintenance $5221.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Show Expense $11355.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Property Taxes $2180.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Warehouse Rent $2317.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Utilities $618.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Contributions $2538.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Supplies $955.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Receivables Due from Officers Ending: $24020.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Credit Cards Payable Ending: $26487.00
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN SPENCER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum09177440559
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hocus Focus Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o Kevin W Spencer
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ReturnHeader/PreparerPersonGrp/PhoneNum05018477533
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN F PENN
ReturnHeader/ReturnTs02023-08-15T10:19:25-05:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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