Civic Intelligence

Hack Ny Inc.

990 • Fiscal year 2020 • EIN 27-3758609

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 16, 2021

Organization Profilewww.hackny.org
141 2nd AvenueNew York, NY 10003

(212) 674-5831

Siviq Scores

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

Liabilities / Assets

64th percentile

0.07x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • NTEE B90 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.11x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • NTEE B90 • <$500k nonprofits • Source year 2020

Net Margin

74th percentile

34%

Higher net margin than 74% of similar nonprofits.

2020 filings • NTEE B90 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$79,167

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 31.6% of source-year revenue.

2020 filings • NTEE B90 • <$500k nonprofits • Source year 2020

Asset Growth

55th percentile

12%

Faster asset growth than 55% of similar nonprofits.

2020 filings • NTEE B90 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

-1.1%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • NTEE B90 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$390,122

Up $41,632 (+12%) from 2019

Net Assets

Up

$362,988

Up $57,077 (+19%) from 2019

Liabilities

Down

$27,134

Down $15,445 (-36%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin74th percentile

Revenue

Down

$250,438

Down $2,896 (-1.1%) from 2019

Expenses

Down

$165,220

Down $16,361 (-9.0%) from 2019

Net Income

Up

$85,218

Up $13,465 (+19%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$400K$300K$200K$100K$0Assets 2012: $306,519Liabilities 2012: $26,444Net Assets 2012: $280,0752012Assets 2013: $348,174Liabilities 2013: $41,666Net Assets 2013: $306,5082013Assets 2014: $325,577Liabilities 2014: $6,475Net Assets 2014: $319,1022014Assets 2015: $268,961Liabilities 2015: $25,201Net Assets 2015: $243,7602015Assets 2016: $281,555Liabilities 2016: $9,567Net Assets 2016: $271,9882016Assets 2017: $174,581Liabilities 2017: $9,544Net Assets 2017: $165,0372017Assets 2018: $276,684Liabilities 2018: $6,860Net Assets 2018: $269,8242018Assets 2019: $348,490Liabilities 2019: $42,579Net Assets 2019: $305,9112019Assets 2020: $390,122Liabilities 2020: $27,134Net Assets 2020: $362,9882020Assets 2021: $332,050Liabilities 2021: $26,256Net Assets 2021: $305,7942021Assets 2022: $223,769Liabilities 2022: $10,307Net Assets 2022: $213,4622022Assets 2023: $243,223Liabilities 2023: $1,627Net Assets 2023: $241,5962023Assets 2024: $303,258Liabilities 2024: $6,862Net Assets 2024: $296,3962024

Highlighted filing

2020

Assets$390,122
Liabilities$27,134
Net Assets$362,988
Open 2020 Filing

Operations Trend

Revenue Growth63rd percentile

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

$400K$200K$0-$200KExpenses 2012: $205,2152012Expenses 2013: $358,0712013Revenue 2014: $293,231Expenses 2014: $280,636Net Income 2014: $12,5952014Revenue 2015: $281,999Expenses 2015: $357,342Net Income 2015: -$75,3432015Revenue 2016: $253,495Expenses 2016: $245,369Net Income 2016: $8,1262016Revenue 2017: $303,102Expenses 2017: $288,030Net Income 2017: $15,0722017Revenue 2018: $267,177Expenses 2018: $162,390Net Income 2018: $104,7872018Revenue 2019: $253,334Expenses 2019: $181,581Net Income 2019: $71,7532019Revenue 2020: $250,438Expenses 2020: $165,220Net Income 2020: $85,2182020Revenue 2021: $98,302Expenses 2021: $155,496Net Income 2021: -$57,1942021Revenue 2022: $132,019Expenses 2022: $224,351Net Income 2022: -$92,3322022Revenue 2023: $102,413Expenses 2023: $74,279Net Income 2023: $28,1342023Revenue 2024: $241,537Expenses 2024: $186,737Net Income 2024: $54,8002024

Highlighted filing

2020

Revenue$250,438
Expenses$165,220
Net Income$85,218
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 16, 2021
Return Version
2019v5.0
Gross Receipts
$250,438
Mission and Program Overview

Mission

Hackny aims to federate the next generation of hackers for the new york innovation community.

Hack ny, inc. ("hack ny") is a not-for-profit organization, incorporated in 2010 in the state of new york to foster the next generation of software developers for the new york innovation community. Hack ny conducts a summer fellows program and student "hackathons" during the school year in order to create and empower the next generation of student-technologists.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$230,559$325,731▲ $95,172
Cash and Non-Interest-Bearing Accounts$105,256$51,716▼ $53,540
Accounts Receivable$12,675$12,675→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$348,490$390,122▲ $41,632
Other Assets Total-$0-
Liabilities
Other Liabilities-$22,614-
Accounts Payable and Accrued Expenses$42,579$4,520▼ $38,059
Total Liabilities$42,579$27,134▼ $15,445
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$305,911$362,988▲ $57,077
Total Net Assets Fund Balance$305,911$362,988▲ $57,077
Total Liabilities and Net Assets / Fund Balance$348,490$390,122▲ $41,632

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,708$2,708
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Matthew TroyExecutive DirectorFT$79,167$79,167

Board Members and Trustees

NameTitle
Chris WigginsCo-president
Evan KorthCo-president
Amy QuispeDirector
Julia AustinDirector
Sruti ModekurtyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$250,266
Program Service Revenue
$0
Investment Income
$172
Other Revenue
$0
All Other Contributions
$250,266
Change in Net Assets
$85,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$117,373
Other Expenses$47,847
Total Fundraising Expense$6,514
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$78,126$20,833$5,209$104,168
Payroll Taxes$6,332$1,689$422$8,443
Insurance-$6,541-$6,541
Other Employee Benefits$3,572$952$238$4,762
Fees for Services Other-$4,500-$4,500
Occupancy$3,366$898$224$4,488
Fees for Services Accounting-$3,500-$3,500
Office Expenses-$1,032-$1,032
Travel--$421$421
Other Expenses$284$95-$379
Advertising$283$83-$366
All Other Expenses$175$59-$234
Total Functional Expenses$118,524$40,182$6,514$165,220
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA PPP Refundable Advance$22,614
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is prepared and filed after audit completion and board review of the financial statements.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Compliance is self-policing unless conflict is apparent and visible, then the organization would take action.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Hack ny, inc. Makes its governing documents and conflict of interest policy available to the general public upon request. Financial statements are available through guidestar websites, organization websites and hard copy upon request.”

Filing and Contact Details

Filer

Filer Name
Hack Ny Inc
EIN
27-3758609
Phone
2126745831
Address
141 2ND AVENUE, NEW YORK, NY 10003

Signing Officer

Name
Evan Korth
Title
Co-president
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
50

Preparer

Firm
Gruber Palumberi Raffaele Fried CPAs PC
Address
7 Penn Plaza Suite 310, New York, NY 10001
Preparer
Robert L Manger CPA
Phone
2125860800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Part x, line 2:gaap requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return.the adoption of this guidance did not have an impact on hack ny's financial statements, as management believes that there are no uncertain tax positions within its financial statements. Hack ny's form 990, return of organization exempt from income tax, for the years ended september 30, 2017, 2018 and 2019 are subject to examination by the irs, generally for years after they were filed.”

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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/Desc0SBA PPP Refundable Advance
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X, LINE 2:GAAP REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN.THE ADOPTION OF THIS GUIDANCE DID NOT HAVE AN IMPACT ON HACK NY'S FINANCIAL STATEMENTS, AS MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITHIN ITS FINANCIAL STATEMENTS. HACK NY'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDED SEPTEMBER 30, 2017, 2018 AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalLiabilityAmt022614
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED AND FILED AFTER AUDIT COMPLETION AND BOARD REVIEW OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPLIANCE IS SELF-POLICING UNLESS CONFLICT IS APPARENT AND VISIBLE, THEN THE ORGANIZATION WOULD TAKE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HACK NY, INC. MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE THROUGH GUIDESTAR WEBSITES, ORGANIZATION WEBSITES AND HARD COPY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$390,122
Liabilities
$27,134
Net assets
$362,988
Revenue
$250,438
Expenses
$165,220
Net income
$85,218
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.03$0.07$2.96$2.42$1.87$0.55
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.02$2.42$1.02$0.74$0.28
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.10$2.13$1.32$2.24$0.92
2021Detailed filing. Detailed filing data is available for this year.$3.32$0.26$3.06$0.98$1.55$0.57
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.27$3.63$2.50$1.65$0.85
2019Detailed filing. Detailed filing data is available for this year.$3.48$0.43$3.06$2.53$1.82$0.72
2018Detailed filing. Detailed filing data is available for this year.$2.77$0.07$2.70$2.67$1.62$1.05
2017Detailed filing. Detailed filing data is available for this year.$1.75$0.10$1.65$3.03$2.88$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.82$0.10$2.72$2.53$2.45$0.08
2015Detailed filing. Detailed filing data is available for this year.$2.69$0.25$2.44$2.82$3.57$0.75
2014Detailed filing. Detailed filing data is available for this year.$3.26$0.06$3.19$2.93$2.81$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.42$3.07$3.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.26$2.80$2.05