Civic Intelligence

Hypothes Is Project

990 • Fiscal year 2016 • EIN 45-2677817

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 10, 2017

2261 Market StreetSan Francisco, CA 94114

(650) 274-7647

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

89th percentile

39%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

97th percentile

142%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

165%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,975,339

Up $1,160,663 (+142%) from 2015

Net Assets

Up

$1,951,730

Up $1,150,554 (+144%) from 2015

Liabilities

Up

$23,609

Up $10,109 (+75%) from 2015

Revenue

Up

$2,874,754

Up $1,791,402 (+165%) from 2015

Expenses

Up

$1,765,534

Up $405,721 (+30%) from 2015

Net Income

Up

$1,109,220

Up $1,385,681 (+501%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2012: $4,413Liabilities 2012: $2,044Net Assets 2012: $2,3692012Assets 2013: $244,065Liabilities 2013: $0Net Assets 2013: $244,0652013Assets 2014: $1,077,637Liabilities 2014: $0Net Assets 2014: $1,077,6372014Assets 2015: $814,676Liabilities 2015: $13,500Net Assets 2015: $801,1762015Assets 2016: $1,975,339Liabilities 2016: $23,609Net Assets 2016: $1,951,7302016Assets 2017: $617,124Liabilities 2017: $0Net Assets 2017: $617,1242017Assets 2018: $891,165Liabilities 2018: $1,595,296Net Assets 2018: -$704,1312018Assets 2019: $58,592Liabilities 2019: $0Net Assets 2019: $58,5922019Assets 2020: $52,222Liabilities 2020: $667Net Assets 2020: $51,5552020Assets 2021: $1,622Liabilities 2021: $667Net Assets 2021: $9552021Assets 2022: $46,981Liabilities 2022: $3,333Net Assets 2022: $43,6482022

Highlighted filing

2016

Assets$1,975,339
Liabilities$23,609
Net Assets$1,951,730

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2012: $239,011Expenses 2012: $236,642Net Income 2012: $2,3692012Revenue 2013: $832,875Expenses 2013: $591,179Net Income 2013: $241,6962013Revenue 2014: $1,615,870Expenses 2014: $782,298Net Income 2014: $833,5722014Revenue 2015: $1,083,352Expenses 2015: $1,359,813Net Income 2015: -$276,4612015Revenue 2016: $2,874,754Expenses 2016: $1,765,534Net Income 2016: $1,109,2202016Revenue 2017: $1,000,766Expenses 2017: $2,335,372Net Income 2017: -$1,334,6062017Revenue 2018: $1,349,133Expenses 2018: $2,670,388Net Income 2018: -$1,321,2552018Revenue 2019: $2,521,639Expenses 2019: $1,758,916Net Income 2019: $762,7232019Revenue 2020: $38,073Expenses 2020: $45,110Net Income 2020: -$7,0372020Revenue 2021: $31,000Expenses 2021: $81,600Net Income 2021: -$50,6002021Revenue 2022: $51,333Expenses 2022: $8,640Net Income 2022: $42,6932022

Highlighted filing

2016

Revenue$2,874,754
Expenses$1,765,534
Net Income$1,109,220
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 10, 2017
Return Version
2015v3.0
Gross Receipts
$2,874,754
Mission and Program Overview

Mission

Hypothes.is is a distributed, open source platform for the collaborative evaluation of information. It will enable embedded critique of text and other media combined with a sophisticated yet easy-to-use model of community peer-review.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$558,690$1,041,768▲ $483,078
Savings and Temporary Cash Investments$250,708$845,969▲ $595,261
Pledges and Grants Receivable-$75,000-
Accounts Receivable$301$12,602▲ $12,301
Land, Buildings, and Equipment, Net$3,927$0▼ $3,927
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$814,676$1,975,339▲ $1,160,663
Other Assets Total$1,050$0▼ $1,050
Liabilities
Accounts Payable and Accrued Expenses$13,500$23,609▲ $10,109
Total Liabilities$13,500$23,609▲ $10,109
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,000$1,794,465▲ $1,788,465
Unrestricted Net Assets$795,176$157,265▼ $637,911
Total Net Assets Fund Balance$801,176$1,951,730▲ $1,150,554
Total Liabilities and Net Assets / Fund Balance$814,676$1,975,339▲ $1,160,663

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$9,420$9,420
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan WhaleyFounder/Pres.FT$99,861$7,139$107,000

Board Members and Trustees

NameTitle
John Perry BarlowSecretary
Gerry PercyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,873,785
Program Service Revenue
$0
Investment Income
$969
Other Revenue
$0
All Other Contributions
$2,873,785
Change in Net Assets
$1,109,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,874,754
Total Revenue per Audited Statements
$2,874,754
Total Revenue per Form 990
$2,874,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$963,237
Salaries, Compensation, and Employee Benefits$797,147
Total Fundraising Expense$102,800
Grants and Similar Amounts Paid$5,150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$644,759$67,939-$712,698
Other Salaries and Wages$504,291$39,945$39,944$584,180
Current Officers, Directors, Trustees, and Key Employees$42,800$21,400$42,800$107,000
Travel$70,395$6,824$6,824$84,043
Payroll Taxes$46,579$5,128$6,838$58,545
Conferences and Meetings$47,869$230-$48,099
Other Employee Benefits$40,555$3,351$3,516$47,422
Information Technology$11,823$20,953$689$33,465
Occupancy$6,613$22,186$587$29,386
Office Expenses$10,228$1,126$1,501$12,855
Advertising$3,148$9,277-$12,425
Fees for Services Accounting-$5,800-$5,800
Grants to Domestic Individuals$5,150--$5,150
Fees for Services Legal-$3,555-$3,555
Depreciation Depletion-$1,735-$1,735
Other Expenses$1,050$535$101$1,686
Total Functional Expenses$1,435,260$227,474$102,800$1,765,534

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,765,534
Total Expenses per Audited Statements$1,765,534
Total Expenses per Form 990$1,765,534
International Activity

International Summary

Employees
6
Spending
$457,531

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram servicesSoftware development06$457,531
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The CEO reviews with the executive staff, and then the Board of Directors reviews it before we submit it.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Yes, on an annual basis compliance with this policy is reviewed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Hypothesis Project
EIN
45-2677817
Phone
6502747647
Address
2261 Market Street, San Francisco, CA 94114

Signing Officer

Name
Dan Whaley
Title
Founder/Pres.
Signed
2017-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Whaley
Formed
2011
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
9

Preparer

Firm
Crosby & Kaneda CPAs
Address
1970 Broadway STE 930, Oakland, CA 94612
Preparer
Adele Kaneda
Phone
5108352727
Supplemental Narrative

Additional Explanations

2015 Form 990, Part XI Reconciliation of Net Assets, line 8

Upon audit of financial statements for year ended June 30, 2016 by an independent accountant, prior year adjustments were made to accrued expenses, accounts payable and receivable, and fixed assets.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has evaluated its current tax positions as of June 30, 2016 and is not aware of any significant uncertain tax positions for which a reserve would be necessary.

Raw XML AppendixShowing 400 of 433 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01615863
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01967938
IRS990ScheduleA/SubstantialContributorsTotAmt04676322
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02873785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01082726
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01615863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0832875
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0239011
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06644260
IRS990ScheduleA/TotalSupportAmt06645862
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09420
IRS990ScheduleD/ExpensesSubtotalAmt01765534
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02874754
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has evaluated its current tax positions as of June 30, 2016 and is not aware of any significant uncertain tax positions for which a reserve would be necessary.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt01765534
IRS990ScheduleD/TotalRevenuePerForm990Amt02874754
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02874754
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01765534
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0457531
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Software development
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05150
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Open Annotation Fund Award
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Hypothes.is has an Open Annotation Fund committee that monitors the grants that are awarded by the Open Annotation Fund, including review of applications, selection, progress made toward completion of deliverables and final product. Grantees are required to post 2 blogs summarizing their work; at mid-way and completion of all deliverables to ensure that the funds spent are aligned with promised and then completed work product.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
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IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The CEO reviews with the executive staff, and then the Board of Directors reviews it before we submit it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Yes, on an annual basis compliance with this policy is reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon audit of financial statements for year ended June 30, 2016 by an independent accountant, prior year adjustments were made to accrued expenses, accounts payable and receivable, and fixed assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc32015 Form 990, Part XI Reconciliation of Net Assets, line 8
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01435260
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalProgramServiceExpensesAmt01435260
IRS990/TotalProgramServiceRevenueAmt00
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IRS990/TransactionWithControlEntInd0false
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IRS990/TravelGrp/TotalAmt084043
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IRS990/UponRequestInd0X

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