Civic Intelligence

Oula Inc.

990 • Fiscal year 2018 • EIN 27-2985666

Jan 01, 2018 to Dec 31, 2018 • Filed on Dec 23, 2019

PO Box 1020Cherry Hill, NJ 08034

(856) 229-7184

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.61x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Liabilities / Revenue

95th percentile

0.56x

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

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Net Margin

30th percentile

-4.9%

Higher net margin than 30% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE B • <$500k nonprofits • Source year 2018

Asset Growth

39th percentile

-1.6%

Faster asset growth than 39% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-10.0%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • NTEE B • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$443,805

Down $7,139 (-1.6%) from 2017

Net Assets

Down

$171,930

Down $23,670 (-12%) from 2017

Liabilities

Up

$271,875

Up $16,531 (+6.5%) from 2017

Revenue

Down

$485,506

Down $53,801 (-10.0%) from 2017

Expenses

Down

$509,176

Down $32,184 (-5.9%) from 2017

Net Income

Down

-$23,670

Down $21,617 (-1053%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2012: $58,368Liabilities 2012: $25,997Net Assets 2012: $32,3712012Assets 2013: $67,076Liabilities 2013: $60,755Net Assets 2013: $6,3212013Assets 2014: $91,000Liabilities 2014: $33,289Net Assets 2014: $57,7112014Assets 2015: $425,150Liabilities 2015: $268,127Net Assets 2015: $157,0232015Assets 2016: $460,952Liabilities 2016: $263,299Net Assets 2016: $197,6532016Assets 2017: $450,944Liabilities 2017: $255,344Net Assets 2017: $195,6002017Assets 2018: $443,805Liabilities 2018: $271,875Net Assets 2018: $171,9302018Assets 2019: $366,692Liabilities 2019: $135,707Net Assets 2019: $230,9852019Assets 2020: $513,368Liabilities 2020: $166,835Net Assets 2020: $346,5332020Assets 2021: $579,336Liabilities 2021: $6,925Net Assets 2021: $572,4112021Assets 2022: $577,284Liabilities 2022: $393Net Assets 2022: $576,8912022Assets 2023: $383,725Liabilities 2023: $317Net Assets 2023: $383,4082023Assets 2024: $362,739Liabilities 2024: $24Net Assets 2024: $362,7152024

Highlighted filing

2018

Assets$443,805
Liabilities$271,875
Net Assets$171,930

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $235,9212012Revenue 2013: $250,447Expenses 2013: $237,097Net Income 2013: $13,3502013Revenue 2014: $278,716Expenses 2014: $237,565Net Income 2014: $41,1512014Revenue 2015: $384,373Expenses 2015: $285,061Net Income 2015: $99,3122015Revenue 2016: $344,072Expenses 2016: $303,442Net Income 2016: $40,6302016Revenue 2017: $539,307Expenses 2017: $541,360Net Income 2017: -$2,0532017Revenue 2018: $485,506Expenses 2018: $509,176Net Income 2018: -$23,6702018Revenue 2019: $553,460Expenses 2019: $494,405Net Income 2019: $59,0552019Revenue 2020: $384,217Expenses 2020: $268,669Net Income 2020: $115,5482020Revenue 2021: $551,395Expenses 2021: $325,517Net Income 2021: $225,8782021Revenue 2022: $397,262Expenses 2022: $392,782Net Income 2022: $4,4802022Revenue 2023: $273,377Expenses 2023: $466,860Net Income 2023: -$193,4832023Revenue 2024: $474,698Expenses 2024: $495,391Net Income 2024: -$20,6932024

Highlighted filing

2018

Revenue$485,506
Expenses$509,176
Net Income-$23,670
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 23, 2019
Return Version
2018v3.1
Gross Receipts
$485,506
Mission and Program Overview

Mission

To foster, promote and provide charitable and cultural programming as services to the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$252,518$265,969▲ $13,451
Accounts Receivable$45,385$104,096▲ $58,711
Cash and Non-Interest-Bearing Accounts$142,063$63,012▼ $79,051
Prepaid Expenses and Deferred Charges$10,878$10,628▼ $250
Total Assets$450,944$443,805▼ $7,139
Other Assets Total$100$100→ $0
Liabilities
Other Liabilities$237,844$254,375▲ $16,531
Accounts Payable and Accrued Expenses$17,500$17,500→ $0
Total Liabilities$255,344$271,875▲ $16,531
Net Assets / Fund Balance
Unrestricted Net Assets$195,600$171,930▼ $23,670
Total Net Assets Fund Balance$195,600$171,930▼ $23,670
Total Liabilities and Net Assets / Fund Balance$450,944$443,805▼ $7,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$163,665$22,285$185,950
Equipment$39,099$35,872$74,971
Land$45,400-$45,400
Other Land Buildings$11,746$23,281$35,027
Leasehold Improvements$6,059$6,670$12,729
Other Assets Org$100--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eajaz RawoofVice President
Aseem KhanTrustee
Syed ShoibTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$485,506
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$406,924
Change in Net Assets
$-23,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,481
Salaries, Compensation, and Employee Benefits$226,695
Total Fundraising Expense$400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$208,852-$208,852
All Other Expenses$51,199$63,685$400$115,284
Fees for Services Other-$41,855-$41,855
Occupancy-$36,347-$36,347
Depreciation Depletion-$22,501-$22,501
Payroll Taxes-$17,843-$17,843
Office Expenses-$17,509-$17,509
Insurance-$11,652-$11,652
Advertising-$7,097-$7,097
Interest-$6,643-$6,643
Other Expenses$5,395$3,963-$5,395
Total Functional Expenses$70,829$437,947$400$509,176
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fulton Loan$133,743
Qarz-e-hasna$88,719
Deferred Income$25,282
Security Lease Payable$5,800
Payroll Libilities$821
Rent Payable$10
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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

Officer directors etc family relationship Part VI line 2

Trustee syed shoib, is employed by a company owned by aseem khan.

Members or stockholder classes and rights Part VI line 6

The organization has members.

Member election for additional members Part VI line 7A

The affairs of the organization will be managed by its board of trustees, each member of which shall be at least twenty five year of age. All vacant positions on the board of trustees shall be elected by a vote of the members of the organization at its annual meeting. Each member of the organization shall have one vote, and the nominees with the greatest numbers of the votes shall elected and qualified to serve as a member of the board of trustees for a term of three years.

Form 990 governing body review Part VI line 11

The organization hire an external cpa to prepare form 990. The cpa work closely with a designated individual who is a member in the organization. Prior to filling form 990 is reviewd by this member and one of the trustees or an individual selected by one of the trustees. The organization makes its governing documents, policies, financial statements and this form 990 available to members upon request.

Conflict of interest policy compliance Part VI line 12C

The organization hire an external cpa to prepare form 990. The cpa work closely with a designated individual who is a member in the organization. Prior to filling form 990 is reviewd by this member and one of the trustees or an individual selected by one of the trustees. The organization makes its governing documents, policies, financial statements and this form 990 available to members upon request.

Governing documents etc available to public Part VI line 19

The organization makes its governing documents, policies, financial statements and this form 990 available to members upon request

Filing and Contact Details

Filer

Filer Name
Oula Inc
EIN
27-2985666
Address
PO BOX 1020, CHERRY HILL, NJ 08034

Signing Officer

Name
Eajaz Rawoof
Title
Vice President
Phone
8562297184
Signed
2019-12-23
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
0
Employees
5

Preparer

Firm
Khan & Associates
Address
301 MASSACHUSETTS AVENUE, Cherry Hill, NJ 08002
Preparer
Mohammad Khan
Phone
8567553536
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

PROFESSIONAL FEES

List of other expenses Part IX line 24E

Auto & travel, bank service charges, supplies, telephone, local charity and school supplies

Raw XML Appendix385 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt488719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt525282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIBILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3FULTON LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4QARZ-E-HASNA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DEFERRED INCOME
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0265969
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0100
IRS990ScheduleD/TotalLiabilityAmt0254375
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEE SYED SHOIB, IS EMPLOYED BY A COMPANY OWNED BY ASEEM KHAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE AFFAIRS OF THE ORGANIZATION WILL BE MANAGED BY ITS BOARD OF TRUSTEES, EACH MEMBER OF WHICH SHALL BE AT LEAST TWENTY FIVE YEAR OF AGE. ALL VACANT POSITIONS ON THE BOARD OF TRUSTEES SHALL BE ELECTED BY A VOTE OF THE MEMBERS OF THE ORGANIZATION AT ITS ANNUAL MEETING. EACH MEMBER OF THE ORGANIZATION SHALL HAVE ONE VOTE, AND THE NOMINEES WITH THE GREATEST NUMBERS OF THE VOTES SHALL ELECTED AND QUALIFIED TO SERVE AS A MEMBER OF THE BOARD OF TRUSTEES FOR A TERM OF THREE YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HIRE AN EXTERNAL CPA TO PREPARE FORM 990. THE CPA WORK CLOSELY WITH A DESIGNATED INDIVIDUAL WHO IS A MEMBER IN THE ORGANIZATION. PRIOR TO FILLING FORM 990 IS REVIEWD BY THIS MEMBER AND ONE OF THE TRUSTEES OR AN INDIVIDUAL SELECTED BY ONE OF THE TRUSTEES. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND THIS FORM 990 AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HIRE AN EXTERNAL CPA TO PREPARE FORM 990. THE CPA WORK CLOSELY WITH A DESIGNATED INDIVIDUAL WHO IS A MEMBER IN THE ORGANIZATION. PRIOR TO FILLING FORM 990 IS REVIEWD BY THIS MEMBER AND ONE OF THE TRUSTEES OR AN INDIVIDUAL SELECTED BY ONE OF THE TRUSTEES. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND THIS FORM 990 AVAILABLE TO MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND THIS FORM 990 AVAILABLE TO MEMBERS UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROFESSIONAL FEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUTO & TRAVEL, BANK SERVICE CHARGES, SUPPLIES, TELEPHONE, LOCAL CHARITY AND SCHOOL SUPPLIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7List of other expenses Part IX line 24e
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0TASK ASSOCIATES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt05 ESTERBROOK LANE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0CHERRY HILL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd008003
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IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0443805
IRS990/TotalAssetsGrp/BOYAmt0450944
IRS990/TotalAssetsGrp/EOYAmt0443805
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0485506
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0400
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0437947
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070829
IRS990/TotalFunctionalExpensesGrp/TotalAmt0509176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0255344
IRS990/TotalLiabilitiesEOYAmt0271875
IRS990/TotalLiabilitiesGrp/BOYAmt0255344
IRS990/TotalLiabilitiesGrp/EOYAmt0271875
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0195600
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0171930
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070829
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0485506
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0450944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0443805
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0195600
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0171930
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTP://GCLEA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EAJAZ RAWOOF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08562297184
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OULA INC
ReturnHeader/Filer/BusinessNameControlTxt0OULA
ReturnHeader/Filer/EIN0272985666
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1020
ReturnHeader/Filer/USAddress/CityNm0CHERRY HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008034
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId014FFF36B1C9164AE92CF1229B58D7D425600C70A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId014FFF36B1C9164AE92CF1229B58D7D425600C70A
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId02202182019357anjy0vh
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-12-23
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.235.185.150
ReturnHeader/FilingSecurityInformation/IPDt02019-12-23
ReturnHeader/FilingSecurityInformation/IPTm010:13:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223620189
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KHAN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 MASSACHUSETTS AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cherry Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008002
ReturnHeader/PreparerPersonGrp/PhoneNum08567553536
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOHAMMAD KHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-12-23T09:14:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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