Civic Intelligence

Parity Inc.

990 • Fiscal year 2019 • EIN 31-1345623

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

907 West Fifth StreetDayton, OH 45402

(937) 228-3939

Siviq Scores

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

Liabilities / Assets

41st percentile

0.01x

Higher debt load relative to assets than 41% of similar nonprofits.

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

Liabilities / Revenue

47th percentile

0.02x

Higher debt load relative to revenue than 47% of similar nonprofits.

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

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

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

Top Officer Pay

60th percentile

$36,154

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

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

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

90th percentile

70%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$533,797

Up $94,228 (+21%) from 2018

Net Assets

Up

$528,247

Up $113,834 (+27%) from 2018

Liabilities

Down

$5,550

Down $19,606 (-78%) from 2018

Revenue

Up

$257,560

Up $105,755 (+70%) from 2018

Expenses

Up

$229,795

Up $24,345 (+12%) from 2018

Net Income

Up

$27,765

Up $81,410 (+152%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $523,869Liabilities 2011: $8,247Net Assets 2011: $515,6222011Assets 2012: $494,169Liabilities 2012: $5,903Net Assets 2012: $488,2662012Assets 2013: $517,726Liabilities 2013: $8,800Net Assets 2013: $508,9262013Assets 2014: $486,348Liabilities 2014: $6,595Net Assets 2014: $479,7532014Assets 2015: $438,174Liabilities 2015: $12,142Net Assets 2015: $426,0322015Assets 2016: $486,858Liabilities 2016: $11,136Net Assets 2016: $475,7222016Assets 2017: $507,477Liabilities 2017: $7,959Net Assets 2017: $499,5182017Assets 2018: $439,569Liabilities 2018: $25,156Net Assets 2018: $414,4132018Assets 2019: $533,797Liabilities 2019: $5,550Net Assets 2019: $528,2472019Assets 2020: $582,943Liabilities 2020: $6,744Net Assets 2020: $576,1992020Assets 2021: $598,563Liabilities 2021: $11,544Net Assets 2021: $587,0192021Assets 2022: $538,070Liabilities 2022: $6,889Net Assets 2022: $531,1812022Assets 2023: $600,695Liabilities 2023: $12,442Net Assets 2023: $588,2532023Assets 2024: $856,304Liabilities 2024: $18,438Net Assets 2024: $837,8662024

Highlighted filing

2019

Assets$533,797
Liabilities$5,550
Net Assets$528,247

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $214,7762011Expenses 2012: $216,9922012Revenue 2013: $172,172Expenses 2013: $188,687Net Income 2013: -$16,5152013Revenue 2014: $148,123Expenses 2014: $194,105Net Income 2014: -$45,9822014Revenue 2015: $151,984Expenses 2015: $194,921Net Income 2015: -$42,9372015Revenue 2016: $239,247Expenses 2016: $222,415Net Income 2016: $16,8322016Revenue 2017: $180,048Expenses 2017: $219,731Net Income 2017: -$39,6832017Revenue 2018: $151,805Expenses 2018: $205,450Net Income 2018: -$53,6452018Revenue 2019: $257,560Expenses 2019: $229,795Net Income 2019: $27,7652019Revenue 2020: $122,853Expenses 2020: $114,704Net Income 2020: $8,1492020Revenue 2021: $155,041Expenses 2021: $164,713Net Income 2021: -$9,6722021Revenue 2022: $194,226Expenses 2022: $202,033Net Income 2022: -$7,8072022Revenue 2023: $195,791Expenses 2023: $199,065Net Income 2023: -$3,2742023Revenue 2024: $408,920Expenses 2024: $213,004Net Income 2024: $195,9162024

Highlighted filing

2019

Revenue$257,560
Expenses$229,795
Net Income$27,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$273,644
Mission and Program Overview

Mission

Advocating self-sufficiency and collaboration with community partners to teach, train and serve the African American community by providing a mentoring program for urban middle school students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$407,475$476,494▲ $69,019
Cash and Non-Interest-Bearing Accounts$6,071$45,132▲ $39,061
Accounts Receivable$23,690$10,013▼ $13,677
Prepaid Expenses and Deferred Charges$2,064$2,067▲ $3
Land, Buildings, and Equipment, Net$269$91▼ $178
Total Assets$439,569$533,797▲ $94,228
Liabilities
Unsecured Notes Loans Payable$9,915--
Accounts Payable and Accrued Expenses$15,241$5,550▼ $9,691
Total Liabilities$25,156$5,550▼ $19,606
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$414,413$528,247▲ $113,834
Total Net Assets Fund Balance$414,413$528,247▲ $113,834
Total Liabilities and Net Assets / Fund Balance$439,569$533,797▲ $94,228

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91$14,625$14,716
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marsha GreerEducation DirectorFT$36,154$36,154
Carolyn E WrightChief Executive OfficerFT$24,500$24,500

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$227,494
Program Service Revenue
$31,800
Investment Income
$0
Other Revenue
$-1,734
All Other Contributions
$39,221
Change in Net Assets
$27,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$257,560
Revenue Not Reported on Form 990
$102,153
Total Revenue per Audited Statements
$359,713
Total Revenue per Form 990
$257,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,463
Other Expenses$94,332
Total Fundraising Expense$19,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$36,473$9,740$14,336$60,549
Other Salaries and Wages$53,163$2,622-$55,785
Occupancy$8,409$1,160$1,345$10,914
Payroll Taxes$7,509$1,036$1,201$9,746
Other Employee Benefits$7,230$997$1,156$9,383
Fees for Services Other$4,144$1,440$1,491$7,075
Insurance$4,336$2,112-$6,448
Other Expenses$2,401$3,358-$5,759
Fees for Services Accounting-$4,800-$4,800
All Other Expenses-$2,180-$2,180
Interest-$1,192-$1,192
Office Expenses$550$477-$1,027
Depreciation Depletion$142$36-$178
Total Functional Expenses$178,312$31,954$19,529$229,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$245,879
Expenses per Audited Statements$229,795
Total Expenses per Form 990$229,795
Expenses Not Reported on Form 990$16,084
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,084
Fundraising Gross Income$14,350
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Top Ten Luncheon$38,611$14,350$16,084$-1,734
Total Events$38,611$14,350$16,084$-1,734
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section B, Line 11B

-- A copy of the form 990 and attached schedules is not provided to all board members prior to filing but is reviewed with them and approved by them in a subsequent board meeting.

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

-- Conflict of interest statements are reviewed and updated annually and when new directors, officers or key employees are added.

Form 990, Part VI, Section C, Line 19

-- The Organizations governing documents, conflict of interest policy and financial statements are available, upon request, and by appointment, at the Organizations offices, during regular business hours.

Filing and Contact Details

Filer

Filer Name
Parity Inc
EIN
31-1345623
Phone
9372283939
Address
907 West Fifth Street, Dayton, OH 45402

Signing Officer

Name
Carolyn Wright
Title
CEO
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Wright CEO
Formed
1994
Legal Domicile
Oh
Voting Board Members
18
Independent Board Members
18
Employees
13
Volunteers
20

Preparer

Preparer
Harvey L Harris
Phone
9374369557
Supplemental Narrative

Financial Statement Notes

XI 2D

-- Direct expenses of fundraising events

XII 2D

-- Direct expenses of fundraising events

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IRS990ScheduleD/OtherRevenueAmt016084
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0-- Direct expenses of fundraising events
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1-- Direct expenses of fundraising events
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 2d

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.56$0.18$8.38$4.09$2.13$1.96
2023Detailed filing. Detailed filing data is available for this year.$6.01$0.12$5.88$1.96$1.99$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.38$0.07$5.31$1.94$2.02$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.99$0.12$5.87$1.55$1.65$0.10
2020Detailed filing. Detailed filing data is available for this year.$5.83$0.07$5.76$1.23$1.15$0.08
2019Detailed filing. Detailed filing data is available for this year.$5.34$0.06$5.28$2.58$2.30$0.28
2018Detailed filing. Detailed filing data is available for this year.$4.40$0.25$4.14$1.52$2.05$0.54
2017Detailed filing. Detailed filing data is available for this year.$5.07$0.08$5.00$1.80$2.20$0.40
2016Detailed filing. Detailed filing data is available for this year.$4.87$0.11$4.76$2.39$2.22$0.17
2015Detailed filing. Detailed filing data is available for this year.$4.38$0.12$4.26$1.52$1.95$0.43
2014Detailed filing. Detailed filing data is available for this year.$4.86$0.07$4.80$1.48$1.94$0.46
2013Detailed filing. Detailed filing data is available for this year.$5.18$0.09$5.09$1.72$1.89$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.06$4.88$2.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$0.08$5.16$2.15