Civic Intelligence

Notes for Growth Inc.

990 • Fiscal year 2021 • EIN 32-0557787

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 14, 2022

462 7th Ave 6th FloorNew York, NY 10018

(973) 668-3114

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE T30 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE T30 • <$500k nonprofits • Source year 2021

Net Margin

61st percentile

20%

Higher net margin than 61% of similar nonprofits.

2021 filings • NTEE T30 • <$500k nonprofits • Source year 2021

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE T30 • <$500k nonprofits • Source year 2021

Asset Growth

87th percentile

104%

Faster asset growth than 87% of similar nonprofits.

2021 filings • NTEE T30 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

109%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • NTEE T30 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$19,538

Up $9,945 (+104%) from 2020

Net Assets

Up

$19,538

Up $9,945 (+104%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$50,047

Up $26,055 (+109%) from 2020

Expenses

Up

$40,102

Up $21,720 (+118%) from 2020

Net Income

Up

$9,945

Up $4,335 (+77%) from 2020

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2020: $9,593Liabilities 2020: $0Net Assets 2020: $9,5932020Assets 2021: $19,538Liabilities 2021: $0Net Assets 2021: $19,5382021

Highlighted filing

2021

Assets$19,538
Liabilities$0
Net Assets$19,538

Operations Trend

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

$60K$40K$20K$0Revenue 2020: $23,992Expenses 2020: $18,382Net Income 2020: $5,6102020Revenue 2021: $50,047Expenses 2021: $40,102Net Income 2021: $9,9452021

Highlighted filing

2021

Revenue$50,047
Expenses$40,102
Net Income$9,945
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 14, 2022
Return Version
2021v4.0
Gross Receipts
$50,047
Mission and Program Overview

Mission

Provide musical instruments

Notes for growth strives to transform the lives of children in underserved communities through access to music education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,593$19,538▲ $9,945
Rtn Earn Endowment Incm Other Fnds$9,593$19,538▲ $9,945
Total Assets$9,593$19,538▲ $9,945
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,593$19,538▲ $9,945
Total Liabilities and Net Assets / Fund Balance$9,593$19,538▲ $9,945
Compensation and Service Providers

Board Members and Trustees

NameTitle
Felipe LecarosPresident
Patricio MolinaExecutive Di
Mario J ParedesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$50,047
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$9,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,102
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$10,445--$10,445
Office Expenses$2,591--$2,591
Occupancy$555--$555
Other Expenses$-25--$-25
Total Functional Expenses$40,102$0$0$40,102
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
Backup withholding compliance
No
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Notes for Growth Inc
EIN
32-0557787
Address
462 7TH AVE 6TH FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Mario J Paredes
Title
Treasurer
Signed
2022-07-14

Organization Details

Principal Officer
Mario J Paredes
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Schneider Financial Group Ltd
Address
824 ROUTE 6 STE 4, MAHOPAC, NY 10541
Preparer
Jonathan Schneider
Phone
8456285400
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

Through our musical instrument project, we collect donated, underutilized musical instruments, like pianos, and distribute them to institutions that offer free music programs to children in underserved communities.

Form 990, Part IX, Line 11G

Professional fees/contractors 10,445 0 0

Raw XML Appendix244 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/Filer/EIN0320557787
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/ReturnTs02022-07-18T16:47:38-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PAREDES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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