Civic Intelligence

Oula Inc.

990 • Fiscal year 2020 • EIN 27-2985666

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

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

76th percentile

0.32x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.43x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

79th percentile

30%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

79th percentile

40%

Faster asset growth than 79% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-31%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$513,368

Up $146,676 (+40%) from 2019

Net Assets

Up

$346,533

Up $115,548 (+50%) from 2019

Liabilities

Up

$166,835

Up $31,128 (+23%) from 2019

Revenue

Down

$384,217

Down $169,243 (-31%) from 2019

Expenses

Down

$268,669

Down $225,736 (-46%) from 2019

Net Income

Up

$115,548

Up $56,493 (+96%) from 2019

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

2020

Assets$513,368
Liabilities$166,835
Net Assets$346,533

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

2020

Revenue$384,217
Expenses$268,669
Net Income$115,548
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.1
Gross Receipts
$384,217
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
Cash and Non-Interest-Bearing Accounts$189,656$279,393▲ $89,737
Accounts Receivable$131,241$142,946▲ $11,705
Land, Buildings, and Equipment, Net$39,099$84,240▲ $45,141
Prepaid Expenses and Deferred Charges$2,732$2,825▲ $93
Total Assets$366,692$513,368▲ $146,676
Other Assets Total$3,964$3,964→ $0
Liabilities
Other Liabilities$118,207$149,335▲ $31,128
Accounts Payable and Accrued Expenses$17,500$17,500→ $0
Total Liabilities$135,707$166,835▲ $31,128
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$230,985$346,533▲ $115,548
Total Net Assets Fund Balance$230,985$346,533▲ $115,548
Total Liabilities and Net Assets / Fund Balance$366,692$513,368▲ $146,676

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,571$60,550$90,121
Leasehold Improvements$47,130$6,348$53,478
Other Land Buildings$7,539$27,488$35,027
Other Assets Org$364--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eajaz RawoofVice President
Aseem KhanTrustee
Jubril OyeyemiTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$384,217
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$349,936
Change in Net Assets
$115,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$164,242
Other Expenses$104,427
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$150,337-$150,337
All Other Expenses-$27,926-$27,926
Occupancy-$21,914-$21,914
Depreciation Depletion-$14,852-$14,852
Payroll Taxes-$13,905-$13,905
Insurance-$9,385-$9,385
Office Expenses-$5,618-$5,618
Other Expenses$1,314$10,716-$1,314
Advertising-$313-$313
Total Functional Expenses$13,703$254,966$0$268,669
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
Qarz-e-hasna$88,719
Ppp Loan$30,100
Deferred Income$18,962
Security Lease Payable$5,800
Short Term Loan$4,500
Payroll Libilities$1,245
Rent Payable$9
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 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
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
4155053368
Signed
2021-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
0
Employees
2

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 Appendix390 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/OtherLandBuildingsGrp/DepreciationAmt027488
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035027
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt318962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt488719
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt54500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt630100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIBILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4QARZ-E-HASNA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SHORT TERM LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084240
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03964
IRS990ScheduleD/TotalLiabilityAmt0149335
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
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd0false
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0236290589
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd0false
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
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0366692
IRS990/TotalAssetsEOYAmt0513368
IRS990/TotalAssetsGrp/BOYAmt0366692
IRS990/TotalAssetsGrp/EOYAmt0513368
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0384217
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0254966
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013703
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268669
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0135707
IRS990/TotalLiabilitiesEOYAmt0166835
IRS990/TotalLiabilitiesGrp/BOYAmt0135707
IRS990/TotalLiabilitiesGrp/EOYAmt0166835
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0230985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0346533
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt013703
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384217
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0366692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0513368
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTP://GCLEA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EAJAZ RAWOOF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04155053368
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
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/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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOHAMMAD KHAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-15T10:28:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EAJAZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RAWOOF
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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