Civic Intelligence

Hocus Focus Inc.

990EZ • Fiscal year 2023 • EIN 27-2504010

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 07, 2024

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

94th percentile

0.93x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$41,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 21.1% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

6th percentile

-73%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

46%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$13,982

Down $37,227 (-73%) from 2022

Net Assets

Down

$68,041

Down $2,467 (-3.5%) from 2022

Liabilities

Down

$12,955

Down $13,532 (-51%) from 2022

Revenue

Up

$194,131

Up $60,744 (+46%) from 2022

Expenses

Up

$150,812

Up $30,736 (+26%) from 2022

Net Income

Up

$43,319

Up $30,008 (+225%) from 2022

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: $70,5082022Assets 2023: $13,982Liabilities 2023: $12,955Net Assets 2023: $68,0412023Assets 2024: $30,495Liabilities 2024: $14,614Net Assets 2024: $15,8812024

Highlighted filing

2023

Assets$13,982
Liabilities$12,955
Net Assets$68,041

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

2023

Revenue$194,131
Expenses$150,812
Net Income$43,319
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 7, 2024
Return Version
2023v5.1
Gross Receipts
$194,131
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.

Use Magic to Provide alternative Educational Services

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$41,000-$41,000
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
Executive Director
Phone
9177440559
Signed
2024-08-07
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 $1645.00

Part I Line 16

Other office expenses $302.00

Part I Line 16

Travel $24858.00

Part I Line 16

Conferences, conventions, and meetings $3928.00

Part I Line 16

Interest $4429.00

Part I Line 16

Insurance $1349.00

Part I Line 16

Meals $3774.00

Part I Line 16

Dues $2186.00

Part I Line 16

Bank Fees $1102.00

Part I Line 16

Property Taxes $2872.00

Part I Line 16

Uniforms $1421.00

Part I Line 16

Continuing Education $528.00

Part I Line 16

Professional Services $3518.00

Part I Line 16

Show Expense $5381.00

Part I Line 16

Uganda Project $1873.00

Part I Line 16

Utilities $432.00

Part I Line 16

Warehouse Rent $2277.00

Part I Line 16

Contributions $15918.00

Part I Line 16

Telephone $7459.00

Part I Line 16

Repairs $8935.00

Part II Line 24

Receivables Due Ending: $12123.00

Part II Line 26

Credit Cards Payable Ending: $12955.00

Raw XML Appendix185 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 $1645.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other office expenses $302.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $24858.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, conventions, and meetings $3928.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Interest $4429.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $1349.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Meals $3774.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues $2186.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Fees $1102.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Property Taxes $2872.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Uniforms $1421.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Continuing Education $528.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Professional Services $3518.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Show Expense $5381.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Uganda Project $1873.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Utilities $432.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Warehouse Rent $2277.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Contributions $15918.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Telephone $7459.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Repairs $8935.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20Receivables Due Ending: $12123.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21Credit Cards Payable Ending: $12955.00
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Part II Line 26
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN SPENCER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09177440559
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hocus Focus Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o Kevin W Spencer
ReturnHeader/Filer/BusinessNameControlTxt0HOCU
ReturnHeader/Filer/EIN0272504010
ReturnHeader/Filer/InCareOfNm0% Kevin Spencer
ReturnHeader/Filer/PhoneNum09177440559
ReturnHeader/Filer/USAddress/AddressLine1Txt03512 Clover Hill Lane
ReturnHeader/Filer/USAddress/CityNm0Benton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072015
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452458559
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Penn Tax and Accounting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 Roya Lane suite 2A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bryant
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072022
ReturnHeader/PreparerPersonGrp/PhoneNum05018477533
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN F PENN
ReturnHeader/ReturnTs02024-08-07T09:42:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings