Civic Intelligence

A Pay IT Forward Scholarship Corporation

990 • Fiscal year 2019 • EIN 27-5096979

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 05, 2020

Organization ProfileWWW.PAYITFORWARDSCHOLARSHIPS.COM
615 Oak Street Suite FGainesville, GA 30501

(770) 539-0119

Siviq Scores

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

Liabilities / Assets

79th percentile

0.31x

Higher debt load relative to assets than 79% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

35th percentile

-1.3%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$86,200

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

83rd percentile

29%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$137,548

Up $31,182 (+29%) from 2018

Net Assets

Down

$94,891

Down $11,475 (-11%) from 2018

Liabilities

Up

$42,657

Up $42,657 from 2018

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin35th percentile

Revenue

Up

$909,644

Up $128,343 (+16%) from 2018

Expenses

Up

$921,119

Up $129,725 (+16%) from 2018

Net Income

Down

-$11,475

Down $1,382 (-14%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$300K$200K$100K$0Assets 2015: $166,863Liabilities 2015: $0Net Assets 2015: $166,8632015Assets 2016: $137,085Liabilities 2016: $0Net Assets 2016: $137,0852016Assets 2017: $116,459Liabilities 2017: $0Net Assets 2017: $116,4592017Assets 2018: $106,366Liabilities 2018: $0Net Assets 2018: $106,3662018Assets 2019: $137,548Liabilities 2019: $42,657Net Assets 2019: $94,8912019Assets 2020: $186,951Liabilities 2020: $37,760Net Assets 2020: $149,1912020Assets 2021: $281,230Liabilities 2021: $5,378Net Assets 2021: $275,8522021

Highlighted filing

2019

Assets$137,548
Liabilities$42,657
Net Assets$94,891
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,171,015Expenses 2015: $1,091,512Net Income 2015: $79,5032015Revenue 2016: $962,765Expenses 2016: $992,543Net Income 2016: -$29,7782016Revenue 2017: $740,149Expenses 2017: $760,775Net Income 2017: -$20,6262017Revenue 2018: $781,301Expenses 2018: $791,394Net Income 2018: -$10,0932018Revenue 2019: $909,644Expenses 2019: $921,119Net Income 2019: -$11,4752019Revenue 2020: $904,516Expenses 2020: $850,216Net Income 2020: $54,3002020Revenue 2021: $921,931Expenses 2021: $795,270Net Income 2021: $126,6612021

Highlighted filing

2019

Revenue$909,644
Expenses$921,119
Net Income-$11,475
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 5, 2020
Return Version
2018v3.2
Gross Receipts
$909,644
Mission and Program Overview

Mission

Provide tuition scholarships to pre-k through 12th grade georgia private school students in accordance with georgia hb 283.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$102,604$132,063▲ $29,459
Land, Buildings, and Equipment, Net$3,762$5,485▲ $1,723
Total Assets$106,366$137,548▲ $31,182
Liabilities
Accounts Payable and Accrued Expenses-$38,000-
Other Liabilities-$4,657-
Total Liabilities$0$42,657▲ $42,657
Net Assets / Fund Balance
Unrestricted Net Assets$106,366$94,891▼ $11,475
Total Net Assets Fund Balance$106,366$94,891▼ $11,475
Total Liabilities and Net Assets / Fund Balance$106,366$137,548▲ $31,182

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,485$6,283$11,768
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cary SinnettBoard ChairmFT$83,500$2,700$86,200

Board Members and Trustees

NameTitle
Amber AndersonBoard Member
Jon GoinsBoard Member
Lance GarrisonBoard Member
Randall PophamBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$909,644
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$909,644
Change in Net Assets
$-11,475

Audited Revenue Reconciliation

Revenue per Audited Statements
$909,644
Total Revenue per Audited Statements
$909,644
Total Revenue per Form 990
$909,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$727,606
Salaries, Compensation, and Employee Benefits$142,540
Total Fundraising Expense$94,095
Other Expenses$50,973
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$727,606--$727,606
Current Officers, Directors, Trustees, and Key Employees$19,500$9,750$68,250$97,500
Other Salaries and Wages$30,843$3,427$695$34,965
Occupancy$13,333$523$8,889$22,745
Payroll Taxes$5,906$232$3,937$10,075
Fees for Services Accounting$5,862$230$750$6,842
Office Expenses$3,268$128$2,179$5,575
Travel$122$726$2,663$3,511
Insurance$1,924$75$1,283$3,282
Fees for Services Legal--$3,158$3,158
Depreciation Depletion$1,130$44$753$1,927
Other Expenses$1,005$39$670$1,714
Advertising$132$5$88$225
Total Functional Expenses$811,799$15,225$94,095$921,119

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$921,119
Total Expenses per Audited Statements$921,119
Total Expenses per Form 990$921,119
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
Accrued Salaries$4,657
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The organization distributed a complete copy of form 990 to all members of its governing body prior to filing form 990 during a meeting of its governing members.”

Form 990, Page 6, Part VI, Line 12C

“The organization takes an annual attestation of its governing members that requires governing members to disclose any potential conflicts of interest. Any disclosed conflicts must be approved by the governing body.”

Form 990, Page 6, Part VI, Line 15A

“In 2012 the governing body underwent a research and examination process to determine an appropriate compensation model for an executive director position. This process was reviewed and approved by an independent group with expertise in non-profit compensation, which included comparablity data and contemporaneous substantiation of the deliberation and decision. In 2013 the governing body reviewed this information to confirm its validity over time.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for all employees is reviewed by the board of directors, and is comparable to or less than industry standards”

Form 990, Page 6, Part VI, Line 18

“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public during the tax year on demand, via our website and via electronic media.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
A Pay It Forward Scholarship Inc
EIN
27-5096979
Phone
7705390119
Address
615 OAK STREET SUITE F, GAINESVILLE, GA 30501

Signing Officer

Name
Cary Sinnett
Title
Board Chairman
Phone
7705390119
Signed
2020-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cary Sinnett
Formed
2011
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
4

Preparer

Firm
Rushton & Company LLC
Address
PO BOX 2917, GAINESVILLE, GA 30503
Preparer
J Chris Hollifield
Phone
7702877800
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Income taxes the internal revenue service has ruled that the organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code as an other than private foundation. The organization is also exempt from state income tax. The organization follows the requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board fasb asc 740, income taxes. The guidance prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2019, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The organization began operations in 2011, with few exceptions, the organization is no longer subject to u.s. Federal, state, and local income tax examinations by tax authorities for years before 2016.”

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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/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES THE INTERNAL REVENUE SERVICE HAS RULED THAT THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AN OTHER THAN PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT FROM STATE INCOME TAX. THE ORGANIZATION FOLLOWS THE REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2019, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BEGAN OPERATIONS IN 2011, WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0921119
IRS990ScheduleD/TotalLiabilityAmt04657
IRS990ScheduleD/TotalRevenuePerForm990Amt0909644
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0909644
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0921119
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01294
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DISTRIBUTED A COMPLETE COPY OF FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY PRIOR TO FILING FORM 990 DURING A MEETING OF ITS GOVERNING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION TAKES AN ANNUAL ATTESTATION OF ITS GOVERNING MEMBERS THAT REQUIRES GOVERNING MEMBERS TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ANY DISCLOSED CONFLICTS MUST BE APPROVED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 2012 THE GOVERNING BODY UNDERWENT A RESEARCH AND EXAMINATION PROCESS TO DETERMINE AN APPROPRIATE COMPENSATION MODEL FOR AN EXECUTIVE DIRECTOR POSITION. THIS PROCESS WAS REVIEWED AND APPROVED BY AN INDEPENDENT GROUP WITH EXPERTISE IN NON-PROFIT COMPENSATION, WHICH INCLUDED COMPARABLITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IN 2013 THE GOVERNING BODY REVIEWED THIS INFORMATION TO CONFIRM ITS VALIDITY OVER TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION FOR ALL EMPLOYEES IS REVIEWED BY THE BOARD OF DIRECTORS, AND IS COMPARABLE TO OR LESS THAN INDUSTRY STANDARDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR ON DEMAND, VIA OUR WEBSITE AND VIA ELECTRONIC MEDIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0137548
IRS990/TotalAssetsGrp/BOYAmt0106366
IRS990/TotalAssetsGrp/EOYAmt0137548
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0909644
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt094095
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015225
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0811799
IRS990/TotalFunctionalExpensesGrp/TotalAmt0921119
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt042657
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt042657
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0106366
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt094891
IRS990/TotalOtherCompensationAmt02700
IRS990/TotalProgramServiceExpensesAmt0811799
IRS990/TotalReportableCompFromOrgAmt083500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0909644
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0106366
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0137548
IRS990/TravelGrp/FundraisingAmt02663
IRS990/TravelGrp/ManagementAndGeneralAmt0726
IRS990/TravelGrp/ProgramServicesAmt0122
IRS990/TravelGrp/TotalAmt03511
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0106366
IRS990/UnrestrictedNetAssetsGrp/EOYAmt094891
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0615 OAK STREET SUITE F
IRS990/USAddress/CityNm0GAINESVILLE
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030501
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.PAYITFORWARDSCHOLARSHIPS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARY SINNETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07705390119
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0A PAY IT FORWARD SCHOLARSHIP INC
ReturnHeader/Filer/BusinessNameControlTxt0APAY
ReturnHeader/Filer/EIN0275096979
ReturnHeader/Filer/PhoneNum07705390119
ReturnHeader/Filer/USAddress/AddressLine1Txt0615 OAK STREET SUITE F
ReturnHeader/Filer/USAddress/CityNm0GAINESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04213DF8BB24406FE2A0A354A6E3276F537B2286C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AFCC24FC0B1D8F08D33AAF2B79C6E89B6E63B92E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt047.44.44.178
ReturnHeader/FilingSecurityInformation/IPDt02020-04-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:44:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0582282374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUSHTON & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2917
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GAINESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030503
ReturnHeader/PreparerPersonGrp/PhoneNum07702877800
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J CHRIS HOLLIFIELD
ReturnHeader/ReturnTs02020-04-09T15:44:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,548
Liabilities
$42,657
Net assets
$94,891
Revenue
$909,644
Expenses
$921,119
Net income
-$11,475
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.01$0.28$0.92$0.80$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.04$0.15$0.90$0.85$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.04$0.09$0.91$0.92$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.11$0.78$0.79$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.00$0.12$0.74$0.76$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.96$0.99$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.17$1.09$0.08