Civic Intelligence

Polar Merchandise LLC

EIN 27-2573390 • 501(c)3 • Ada, OH

Revoked

Profile

Polar Merchandise LLC under the umbrella of Polar Enterprises, LLC, was established in 2009/2010 academic year to sell promotional items with Ohio Northern University's and associated colleges' logos to various student and campus organizations. Polar Merchandise "employed" for the 2021-2022 academic year are 1 CEO, 1 CFO, 1 accountant, 1 graphic designer, and 4 sales reps. All positions are held by ONU students. They manage and operate the student-run business under the Polar Enterprises umbrella with the support and mentoring of the Dicke College of Business faculty. This experience exposes students to all aspects of starting and running an entrepreneurial business. It provides students with practical application of classroom materials in a supportive environment. Students will have an enhanced understanding of entrepreneurship, while improving applied business knowledge through running a small business with fellow students, faculty, customers, and local businesses.

Revocation date: Oct 15, 2025

402 West College AvenueAda, OH 45810
Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.24x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$16,441

No earlier filing loaded for comparison.

Liabilities

$337

No earlier filing loaded for comparison.

Net Assets

$16,104

No earlier filing loaded for comparison.

Revenue

$1,414

No earlier filing loaded for comparison.

Expenses

$1,196

No earlier filing loaded for comparison.

Net Income

$218

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2022: $16,441Liabilities 2022: $337Net Assets 2022: $16,1042022

Highlighted filing

2022

Assets$16,441
Liabilities$337
Net Assets$16,104

Operations Trend

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

$1.5K$1.0K$500$0Revenue 2022: $1,414Expenses 2022: $1,196Net Income 2022: $2182022

Highlighted filing

2022

Revenue$1,414
Expenses$1,196
Net Income$218

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$16.4$0.34$16.1$1.41$1.20$0.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Oct 11, 2022
Return Version
2021v4.0
Gross Receipts
$11,811
Mission and Program Overview

Mission

Polar Merchandise LLC under the umbrella of Polar Enterprises, LLC, was established in 2009/2010 academic year to sell promotional items with Ohio Northern University's and associated colleges' logos to various student and campus organizations. Polar Merchandise "employed" for the 2021-2022 academic year are 1 CEO, 1 CFO, 1 accountant, 1 graphic designer, and 4 sales reps. All positions are held by ONU students. They manage and operate the student-run business under the Polar Enterprises umbrella with the support and mentoring of the Dicke College of Business faculty. This experience exposes students to all aspects of starting and running an entrepreneurial business. It provides students with practical application of classroom materials in a supportive environment. Students will have an enhanced understanding of entrepreneurship, while improving applied business knowledge through running a small business with fellow students, faculty, customers, and local businesses.

Program Services

DescriptionGrantsExpenses
Polar Merchandise exposes students to all aspects of starting and running an entrepreneurial business. It provides students with practical application of classroom materials in a supportive environment.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alex KurtzChief Executive OfficerPT$62-$62
Tessa PitcovichChief Financial OfficerPT$62-$62
Dr John NavinChairman Of The Board-$0--
Prof Kevin ErnstAdvisor And DirectorPT$0--
Asst Dean Christy BeaschlerBoard MemberPT$0--
Dr Danielle FosterBoard Member-$0--
Prof David SavinoBoard Member-$0--
Dr Dexter WoodsBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Polar Merchandise LLC
EIN
27-2573390
Phone
4197722070
Address
402 West College Avenue, Ada, OH 45810

Signing Officer

Name
Tessa Pitcovich
Title
Chief Financial Officer
Phone
4197722070
Signed
2022-10-11
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

Line 10: The company donated $283 to Ohio Northern University and the James F. Dicke College of Business Administration. The donations were split in half and Ohio Northern University received $141.41 and the Dicke College received $141.39.

Form 990-EZ, Part I, Line 16

Other expenses totaled $346.72 with $321.72 being paid to QuickBooks and $25.00 to the State of Ohio.

Form 990-EZ, Part II, Line 24

Accounts Receivable $12,751

Form 990-EZ, Part II, Line 26

Accounts Payable $337

Raw XML Appendix193 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Dr John Navin
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Tessa Pitcovich
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman of the Board
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Chief Executive Officer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Chief Financial Officer
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Polar Merchandise LLC under the umbrella of Polar Enterprises, LLC, was established in 2009/2010 academic year to sell promotional items with Ohio Northern University's and associated colleges' logos to various student and campus organizations. Polar Merchandise "employed" for the 2021-2022 academic year are 1 CEO, 1 CFO, 1 accountant, 1 graphic designer, and 4 sales reps. All positions are held by ONU students. They manage and operate the student-run business under the Polar Enterprises umbrella with the support and mentoring of the Dicke College of Business faculty. This experience exposes students to all aspects of starting and running an entrepreneurial business. It provides students with practical application of classroom materials in a supportive environment. Students will have an enhanced understanding of entrepreneurship, while improving applied business knowledge through running a small business with fellow students, faculty, customers, and local businesses.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 10: The company donated $283 to Ohio Northern University and the James F. Dicke College of Business Administration. The donations were split in half and Ohio Northern University received $141.41 and the Dicke College received $141.39.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other expenses totaled $346.72 with $321.72 being paid to QuickBooks and $25.00 to the State of Ohio.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Accounts Receivable $12,751
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Payable $337
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Notice received on Jan. 24, 2023 that the IRS requires tax-exempt organizations to electronically file the Form 990-EZ. The paper form was mailed registered mail on October 11, 2022 with an IRS return receipt received, stamped by the IRS on Oct. 25, 2022. The paper copy was submitted on time.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Tessa Pitcovich
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chief Financial Officer
ReturnHeader/BusinessOfficerGrp/PhoneNum04197722070
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POLAR MERCHANDISE LLC
ReturnHeader/Filer/BusinessNameControlTxt0POLA
ReturnHeader/Filer/EIN0272573390
ReturnHeader/Filer/PhoneNum04197722070
ReturnHeader/Filer/USAddress/AddressLine1Txt0402 West College Avenue
ReturnHeader/Filer/USAddress/CityNm0Ada
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045810
ReturnHeader/ReturnTs02023-02-01T12:39:16-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-06-01
ReturnHeader/TaxPeriodEndDt02022-05-31
ReturnHeader/TaxYr02021

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