Civic Intelligence

The Advance Charitable and Educational Fund

990 • Fiscal year 2016 • EIN 30-0240855

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 17, 2017

150 East 42nd Street 34th FloorNew York, NY 10017

(212) 682-2885

Siviq Scores

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

Liabilities / Assets

97th percentile

2.12x

Higher debt load relative to assets than 97% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.20x

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

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Net Margin

17th percentile

-11%

Higher net margin than 17% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$277,078

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 36.8% of source-year revenue.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Asset Growth

3rd percentile

-50%

Faster asset growth than 3% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$70,930

Down $71,426 (-50%) from 2015

Net Assets

Down

-$79,647

Down $84,988 (-1591%) from 2015

Liabilities

Up

$150,577

Up $13,562 (+9.9%) from 2015

Revenue

Up

$753,195

Up $132,989 (+21%) from 2015

Expenses

Up

$838,183

Up $186,707 (+29%) from 2015

Net Income

Down

-$84,988

Down $53,718 (-172%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $3,554Liabilities 2011: $165,570Net Assets 2011: -$162,0162011Assets 2012: $99,828Liabilities 2012: $172,029Net Assets 2012: -$72,2012012Assets 2013: $70,494Liabilities 2013: $35,812Net Assets 2013: $34,6822013Assets 2015: $142,356Liabilities 2015: $137,015Net Assets 2015: $5,3412015Assets 2016: $70,930Liabilities 2016: $150,577Net Assets 2016: -$79,6472016Assets 2017: $1,533,651Liabilities 2017: $1,714,570Net Assets 2017: -$180,9192017Assets 2019: $711,470Liabilities 2019: $832,981Net Assets 2019: -$121,5112019Assets 2021: $318,677Liabilities 2021: $27,471Net Assets 2021: $291,2062021Assets 2022: $223,786Liabilities 2022: $3,900Net Assets 2022: $219,8862022

Highlighted filing

2016

Assets$70,930
Liabilities$150,577
Net Assets-$79,647

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $824,5532011Expenses 2012: $813,2922012Revenue 2013: $614,665Expenses 2013: $507,782Net Income 2013: $106,8832013Revenue 2015: $620,206Expenses 2015: $651,476Net Income 2015: -$31,2702015Revenue 2016: $753,195Expenses 2016: $838,183Net Income 2016: -$84,9882016Revenue 2017: $669,106Expenses 2017: $770,378Net Income 2017: -$101,2722017Revenue 2019: $785,878Expenses 2019: $686,802Net Income 2019: $99,0762019Revenue 2021: $388,259Expenses 2021: $349,451Net Income 2021: $38,8082021Revenue 2022: $16,474Expenses 2022: $83,894Net Income 2022: -$67,4202022

Highlighted filing

2016

Revenue$753,195
Expenses$838,183
Net Income-$84,988
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 17, 2017
Return Version
2015v3.0
Gross Receipts
$753,195
Mission and Program Overview

Mission

To provide a number of educational and charitable projects including fellowships, achievement recognition and artistic development.

To provide educational & charitable projects including fellowships, artistic devel, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,175$55,901▲ $28,726
Pledges and Grants Receivable$65,000$8,250▼ $56,750
Savings and Temporary Cash Investments$23,601$1,989▼ $21,612
Land, Buildings, and Equipment, Net$0$1,941▲ $1,941
Prepaid Expenses and Deferred Charges-$1,939-
Accounts Receivable$26,580$403▼ $26,177
Total Assets$142,356$70,930▼ $71,426
Other Assets Total$0$507▲ $507
Liabilities
Accounts Payable and Accrued Expenses$113,704$147,704▲ $34,000
Deferred Revenue$23,311$2,873▼ $20,438
Total Liabilities$137,015$150,577▲ $13,562
Net Assets / Fund Balance
Temporarily Rstr Net Assets$27,573$10,000▼ $17,573
Unrestricted Net Assets$-22,232$-89,647▼ $67,415
Total Net Assets Fund Balance$5,341$-79,647▼ $84,988
Total Liabilities and Net Assets / Fund Balance$142,356$70,930▼ $71,426

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,941$5,897$7,838
Compensation and Service Providers

Board Members and Trustees

NameTitle
Glen BorehamChair
Martin BlakeBoard Member
Michael Cannon-brookesBoard Member
Michelle Anne GarnautBoard Member
Nina BlackwellBoard Member
Serafina MaioranoSecretary / Executive Dire
Derek YoudaleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$460,815
Program Service Revenue
$313,994
Investment Income
$3,233
Other Revenue
$-24,847
All Other Contributions
$112,883
Change in Net Assets
$-84,988
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$589,459
Salaries, Compensation, and Employee Benefits$248,724
Total Fundraising Expense$13,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$123,140$5,916-$129,056
Other Salaries and Wages$100,822$6,916$4,723$112,461
Current Officers, Directors, Trustees, and Key Employees$98,718$6,772$4,625$110,115
All Other Expenses$44,915$23,216$179$68,310
Other Expenses$53,285$1,172$2,924$53,285
Office Expenses$11,198$23,228$464$34,890
Information Technology$3,238$16,987-$20,225
Occupancy-$16,939-$16,939
Other Employee Benefits$9,269$4,640$214$14,123
Payroll Taxes$10,971$734$320$12,025
Fees for Services Accounting-$11,690-$11,690
Insurance-$2,146-$2,146
Advertising$512--$512
Depreciation Depletion-$469-$469
Total Functional Expenses$679,667$145,067$13,449$838,183
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The 990 is reviewed and approved by the chief operating officer before submittal. Other board members may review the 990 upon request.

Form 990, Part VI, Section B, Line 12C

The organization requests all new and existing board members to disclose annually any existing or potential conflict of interest activities.

Form 990, Part VI, Section C, Line 19

A copy of form 990 & other governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Advance Charitable and Educational
EIN
30-0240855
Phone
2126822885
Address
150 EAST 42ND STREET 34TH FLOOR, NEW YORK, NY 10017

Signing Officer

Name
Serafina Maiorano
Title
Secretary/exec. Director
Phone
2126822885
Signed
2017-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Serafina Maiorano
Formed
2004
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Skody Scot & Co Cpas Pc
Address
520 EIGHTH AVE SUITE 2200, NEW YORK, NY 10018
Preparer
Laurence Scot Mba CPA
Phone
2129671100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants & contractors: program service expenses 123,140. Management and general expenses 5,916. Fundraising expenses 0. Total expenses 129,056.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0566315
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01891
IRS990/PYOtherExpensesAmt0424450
IRS990/PYOtherRevenueAmt0-35377
IRS990/PYProgramServiceRevenueAmt087377
IRS990/PYRevenuesLessExpensesAmt0-31270
IRS990/PYSalariesCompEmpBnftPaidAmt0227026
IRS990/PYTotalExpensesAmt0651476
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0620206
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-84988
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01989
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2011 AMOUNT: $ 265. 2012 AMOUNT: $ 10,492. 2013 AMOUNT: $ 266. CURRENCY TRANSLATION - 2011 AMOUNT: $ -8,696. 2012 AMOUNT: $ -21,664. 2013 AMOUNT: $ 2,314. 2014 AMOUNT: $ -35,377. 2015 AMOUNT: $ -24,847.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1COLUMN (A) IS FOR THE PERIOD 01/01/2012 - 12/31/2012. COLUMN (B) IS FOR THE PERIOD 01/01/2013 - 12/31/2013. COLUMN (C) IS FOR THE SHORT PERIOD 01/01/2014 - 06/30/2014. COLUMN (D) IS FOR THE PERIOD 07/01/2014 - 06/30/2015. COLUMN (E) IS FOR THE PERIOD 07/01/2015 - 06/30/2016.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SECTION A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0460815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0566315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0270595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0533654
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0686441
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02517820
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01891
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05170
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0735837
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-24847
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-35377
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02580
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-11172
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-8431
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-77247
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99140
IRS990ScheduleA/PublicSupportTotal170Amt02462453
IRS990ScheduleA/SubstantialContributorsTotAmt055367
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0460815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0566315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0270595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0533654
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0686441
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02517820
IRS990ScheduleA/TotalSupportAmt02445743
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01941
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05897
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07838
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01941
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0113152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0149011
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014915
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SERAFINA MAIORANO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY / EXECUTIVE DIRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0277078
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE CHIEF OPERATING OFFICER BEFORE SUBMITTAL. OTHER BOARD MEMBERS MAY REVIEW THE 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUESTS ALL NEW AND EXISTING BOARD MEMBERS TO DISCLOSE ANNUALLY ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 & OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS & CONTRACTORS: PROGRAM SERVICE EXPENSES 123,140. MANAGEMENT AND GENERAL EXPENSES 5,916. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,056.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ADVANCE GLOBAL AUSTRALIAN PROFESSIONALS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061674947
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE AUSTRALIANS ACROSS THE WORLD WITH NETWORKING OPPORTUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 E 42ND STREET 34TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010017
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

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