Civic Intelligence

The Advance Charitable and Educational Fund

990 • Fiscal year 2018 • EIN 30-0240855

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 11, 2019

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

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

1.92x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

19th percentile

-5.7%

Higher net margin than 19% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

91st percentile

$229,377

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 33.0% of source-year revenue.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

4th percentile

-28%

Faster asset growth than 4% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

3.8%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,111,362

Down $422,289 (-28%) from 2017

Net Assets

Down

-$220,587

Down $39,668 (-22%) from 2017

Liabilities

Down

$1,331,949

Down $382,621 (-22%) from 2017

Revenue

Up

$694,343

Up $25,237 (+3.8%) from 2017

Expenses

Down

$734,010

Down $36,368 (-4.7%) from 2017

Net Income

Up

-$39,667

Up $61,605 (+61%) from 2017

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 2018: $1,111,362Liabilities 2018: $1,331,949Net Assets 2018: -$220,5872018Assets 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

2018

Assets$1,111,362
Liabilities$1,331,949
Net Assets-$220,587

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 2018: $694,343Expenses 2018: $734,010Net Income 2018: -$39,6672018Revenue 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

2018

Revenue$694,343
Expenses$734,010
Net Income-$39,667
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 11, 2019
Return Version
2017v2.3
Gross Receipts
$694,343
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$1,513,001$1,103,016▼ $409,985
Accounts Receivable$1,076$4,754▲ $3,678
Pledges and Grants Receivable$16,500$2,750▼ $13,750
Prepaid Expenses and Deferred Charges$1,429--
Land, Buildings, and Equipment, Net$1,138$335▼ $803
Total Assets$1,533,651$1,111,362▼ $422,289
Other Assets Total$507$507→ $0
Liabilities
Deferred Revenue$1,375,399$1,068,182▼ $307,217
Accounts Payable and Accrued Expenses$339,171$263,767▼ $75,404
Total Liabilities$1,714,570$1,331,949▼ $382,621
Net Assets / Fund Balance
Temporarily Rstr Net Assets$30,000$20,000▼ $10,000
Unrestricted Net Assets$-210,919$-240,587▼ $29,668
Total Net Assets Fund Balance$-180,919$-220,587▼ $39,668
Total Liabilities and Net Assets / Fund Balance$1,533,651$1,111,362▼ $422,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$335$7,503$7,838
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Serafina MaioranoCEOPT$123,649$105,728$229,377
Melissa a HillCOOPT$102,622$10,599$113,221

Board Members and Trustees

NameTitle
Yasmin AllenChair
Chris Robert BoshuizenBoard Member
Joanne CrewesBoard Member
Louise ThurgoodBoard Member
Martin BlakeBoard Member
Michael Cannon-brookesBoard Member
Michelle Anne GarnautBoard Member
Nina BlackwellBoard Member
Terry SavageBoard Member
Tony FrenchamBoard Member
Tracy ColganBoard Member
Rebecca MannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$442,618
Program Service Revenue
$292,662
Investment Income
$97
Other Revenue
$-41,034
All Other Contributions
$65,664
Change in Net Assets
$-39,667

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$22,552Fair Market Value (FMV)
Other Non Cash Contri Table1$5,066Fair Market Value (FMV)
Other Non Cash Contri Table2$2,126Fair Market Value (FMV)
Total Noncash Contributions4$29,744-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$466,104
Salaries, Compensation, and Employee Benefits$267,906
Total Fundraising Expense$9,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$92,242$32,561$3,618$128,421
Other Salaries and Wages$75,470$26,641$2,960$105,071
Fees for Services Other$62,793$18,322-$81,115
Other Expenses$42,392$7,569$1,870$42,392
Office Expenses$22,015$18,847$179$41,041
All Other Expenses$27,755$5,350-$33,105
Information Technology$16,936$7,193-$24,129
Occupancy-$22,072-$22,072
Other Employee Benefits$14,330$5,058$562$19,950
Payroll Taxes$10,524$3,546$394$14,464
Fees for Services Accounting$10,645$355-$11,000
Advertising$6,266--$6,266
Insurance$575$4,863-$5,438
Fees for Services Legal-$2,395-$2,395
Depreciation Depletion-$803-$803
Total Functional Expenses$545,296$179,124$9,590$734,010
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 11B

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
CEO
Phone
2126822885
Signed
2019-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Serafina Maiorano
Formed
2004
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
5
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 62,793. Management and general expenses 18,322. Fundraising expenses 0. Total expenses 81,115.

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IRS990/MissionDesc0TO PROVIDE A NUMBER OF EDUCATIONAL AND CHARITABLE PROJECTS INCLUDING FELLOWSHIPS, ACHIEVEMENT RECOGNITION AND ARTISTIC DEVELOPMENT.
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IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-180919
IRS990/NetAssetsOrFundBalancesEOYAmt0-220587
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt029744
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022072
IRS990/OccupancyGrp/TotalAmt022072
IRS990/OfficeExpensesGrp/FundraisingAmt0179
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018847
IRS990/OfficeExpensesGrp/ProgramServicesAmt022015
IRS990/OfficeExpensesGrp/TotalAmt041041
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0507
IRS990/OtherAssetsTotalGrp/EOYAmt0507
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0562
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05058
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014330
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019950
IRS990/OtherExpensesGrp/Desc0MEDIA & PUBLIC RELATION
IRS990/OtherExpensesGrp/Desc1TRAVEL, HOTELS & MEETIN
IRS990/OtherExpensesGrp/Desc2CATERING & FACILITIES
IRS990/OtherExpensesGrp/Desc3FOREIGN AFFILIATE COSTS
IRS990/OtherExpensesGrp/FundraisingAmt07
IRS990/OtherExpensesGrp/FundraisingAmt11870
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0125
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123424
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27569
IRS990/OtherExpensesGrp/ProgramServicesAmt092832
IRS990/OtherExpensesGrp/ProgramServicesAmt130994
IRS990/OtherExpensesGrp/ProgramServicesAmt239527
IRS990/OtherExpensesGrp/ProgramServicesAmt342392
IRS990/OtherExpensesGrp/TotalAmt092964
IRS990/OtherExpensesGrp/TotalAmt156288
IRS990/OtherExpensesGrp/TotalAmt247096
IRS990/OtherExpensesGrp/TotalAmt342392
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1CURRENCY TRANSLATION L
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02083
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-43117
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02083
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-43117
IRS990/OtherRevenueTotalAmt0-41034
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02960
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt026641
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt075470
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105071
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0394
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03546
IRS990/PayrollTaxesGrp/ProgramServicesAmt010524
IRS990/PayrollTaxesGrp/TotalAmt014464
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt016500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01429
IRS990/PrincipalOfficerNm0SERAFINA MAIORANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TICKET INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0170508
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1122154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0170508
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1122154
IRS990/ProgSrvcAccomActy2Grp/Desc0INNOVATION SUMMIT - ANNUAL EVENT THAT SHOWCASES AUSTRALIAN INNOVATION AND BUSINESSES TO THE US MARKET, CONNECTS THE NEXT GENERATION OF AUSTRALIAN ENTREPRENEURS AND INNOVATORS WITH DYNAMIC GLOBAL NETWORKS, KEY BUSINESS INSIDERS AND INVESTORS AND PROVIDES MENTORING TO AUSTRALIAN UNIVERSITY STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076299
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt043273
IRS990/ProgSrvcAccomActy3Grp/Desc0DATABASE OF AUSTRALIAN EXPATRIATES - CREATION AND MAINTENANCE OF COMPREHENSIVE MEMBER LIST TO FOSTER MEMBER NETWORKING AND RELATIONSHIP BUILDING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0148928
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ADVANCE GLOBAL AUSTRALIAN AWARDS - AWARDS GIVEN TO SELECT AUSTRALIAN INDIVIDUALS LIVING OVERSEAS WHO EXHIBIT REMARKABLE TALENT, EXCEPTIONAL VISION, AMBITION AND WHO ARE FUTURE LEADERS AND INNOVATORS IN THEIR CHOSEN FIELD.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0277660
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0249389
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0471014
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0443
IRS990/PYOtherExpensesAmt0471215
IRS990/PYOtherRevenueAmt024104
IRS990/PYProgramServiceRevenueAmt0173545
IRS990/PYRevenuesLessExpensesAmt0-101272
IRS990/PYSalariesCompEmpBnftPaidAmt0299163
IRS990/PYTotalExpensesAmt0770378
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0669106
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-39667
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2013 AMOUNT: $ 266. 2017 AMOUNT: $ 2,083. CURRENCY TRANSLATION - 2013 AMOUNT: $ 2,314. 2014 AMOUNT: $ -35,377. 2015 AMOUNT: $ -24,847. 2016 AMOUNT: $ 24,104. 2017 AMOUNT: $ -43,117.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1COLUMN (A) IS FOR THE SHORT PERIOD 01/01/2014 - 06/30/2014. COLUMN (B) IS FOR THE PERIOD 07/01/2014 - 06/30/2015. COLUMN (C) IS FOR THE PERIOD 07/01/2015 - 06/30/2016. COLUMN (D) IS FOR THE PERIOD 07/01/2016 - 06/30/2017. COLUMN (E) IS FOR THE PERIOD 07/01/2017 - 06/30/2018.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SECTION A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0442618
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0471014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0460815
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0566315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02211357
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt097
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03233
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01891
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05664
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0884810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0-41034
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt024104
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0-24847
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-35377
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02580
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0-74574
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98300
IRS990ScheduleA/PublicSupportPY170Pct00.98160
IRS990ScheduleA/PublicSupportTotal170Amt02106130
IRS990ScheduleA/SubstantialContributorsTotAmt0105227
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0442618
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0471014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0460815
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0566315
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270595
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02211357
IRS990ScheduleA/TotalSupportAmt02142447
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0335
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07503
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07838
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0335
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00

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