Civic Intelligence

Maitai Global a California Nonprofit Public Benefit Corporation

990 • Fiscal year 2021 • EIN 45-4866590

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 16, 2022

405 El Camino Real 358Menlo Park, CA 94025

(650) 888-8808

Siviq Scores

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

Liabilities / Assets

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.78x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

25th percentile

-9.6%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

78th percentile

$2,500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

52nd percentile

7.1%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

21%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$366,682

Up $24,251 (+7.1%) from 2020

Net Assets

Down

$330,795

Down $4,428 (-1.3%) from 2020

Liabilities

Up

$35,887

Up $28,679 (+398%) from 2020

Revenue

Up

$46,208

Up $8,162 (+21%) from 2020

Expenses

Down

$50,636

Down $41,846 (-45%) from 2020

Net Income

Up

-$4,428

Up $50,008 (+92%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $17,688Liabilities 2012: $0Net Assets 2012: $17,6882012Assets 2013: $157,294Liabilities 2013: $3,000Net Assets 2013: $154,2942013Assets 2014: $480,125Liabilities 2014: $304,126Net Assets 2014: $175,9992014Assets 2015: $854,178Liabilities 2015: $366,564Net Assets 2015: $487,6142015Assets 2016: $1,376,609Liabilities 2016: $894,775Net Assets 2016: $481,8342016Assets 2017: $585,049Liabilities 2017: $45,130Net Assets 2017: $539,9192017Assets 2018: $870,348Liabilities 2018: $486,188Net Assets 2018: $384,1602018Assets 2019: $397,766Liabilities 2019: $1,638Net Assets 2019: $396,1282019Assets 2020: $342,431Liabilities 2020: $7,208Net Assets 2020: $335,2232020Assets 2021: $366,682Liabilities 2021: $35,887Net Assets 2021: $330,7952021Assets 2022: $451,562Liabilities 2022: $57,881Net Assets 2022: $393,6812022Assets 2023: $466,763Liabilities 2023: $76,704Net Assets 2023: $390,0592023Assets 2024: $685,540Liabilities 2024: $19,071Net Assets 2024: $666,4692024

Highlighted filing

2021

Assets$366,682
Liabilities$35,887
Net Assets$330,795

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $478,391Expenses 2012: $460,703Net Income 2012: $17,6882012Revenue 2013: $280,984Expenses 2013: $136,039Net Income 2013: $144,9452013Revenue 2014: $731,136Expenses 2014: $713,339Net Income 2014: $17,7972014Revenue 2015: $1,407,135Expenses 2015: $1,090,178Net Income 2015: $316,9572015Revenue 2016: $1,284,868Expenses 2016: $1,290,648Net Income 2016: -$5,7802016Revenue 2017: $857,703Expenses 2017: $799,618Net Income 2017: $58,0852017Revenue 2018: $800,323Expenses 2018: $923,091Net Income 2018: -$122,7682018Revenue 2019: $622,763Expenses 2019: $526,163Net Income 2019: $96,6002019Revenue 2020: $38,046Expenses 2020: $92,482Net Income 2020: -$54,4362020Revenue 2021: $46,208Expenses 2021: $50,636Net Income 2021: -$4,4282021Revenue 2022: $523,110Expenses 2022: $460,224Net Income 2022: $62,8862022Revenue 2023: $762,974Expenses 2023: $766,596Net Income 2023: -$3,6222023Revenue 2024: $1,054,192Expenses 2024: $684,413Net Income 2024: $369,7792024

Highlighted filing

2021

Revenue$46,208
Expenses$50,636
Net Income-$4,428
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 16, 2022
Return Version
2021v4.2
Gross Receipts
$46,208
Mission and Program Overview

Mission

The mission of the organization is to provide forums for collaboration that incorporates educational programs focusing on environmental conservation and economic empowerment via entrepreneurship. Actai global brings together athletes, conservationists, technologists, artists and innovators to bring their collective knowledge and social capital to support direct action by our community as well as to support to other organizations producing meaningful results in targeted areas.

The mission of the organization is to provide forums for collaboration that incorporate educational programs focusing on environmental conservation and economic empowerment via entrepreneurship. Actai global brings together athletes, conservationists, technologists, artists and innovators to bring their collective knowledge and social capital to support direct action by the community as well as to support other organizations producing meaningful results in targeted areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$335,223$330,795▼ $4,428
Cash and Non-Interest-Bearing Accounts$296,468$313,185▲ $16,717
Investments Other Securities$45,663$45,663→ $0
Prepaid Expenses and Deferred Charges-$7,534-
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$342,431$366,682▲ $24,251
Other Assets Total$300$300→ $0
Liabilities
Deferred Revenue$0$30,224▲ $30,224
Other Liabilities$6,580$0▼ $6,580
Accounts Payable and Accrued Expenses$628$5,663▲ $5,035
Total Liabilities$7,208$35,887▲ $28,679
Net Assets / Fund Balance
Total Net Assets Fund Balance$335,223$330,795▼ $4,428
Total Liabilities and Net Assets / Fund Balance$342,431$366,682▲ $24,251

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$1,491$1,491
Other Securities$45,663--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maria SeraficaTreasurer/ CFOPT$2,500$2,500

Board Members and Trustees

NameTitle
William TaiPresident
Austin StewartLegal Counsel
Revenue and Support

Revenue Composition

Contributions and Grants
$45,978
Program Service Revenue
$0
Investment Income
$230
Other Revenue
$0
All Other Contributions
$45,978
Change in Net Assets
$-4,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,636
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-$10,000-$10,000
Conferences and Meetings-$10,000-$10,000
Travel-$8,811-$8,811
Other Expenses-$8,483-$8,483
Office Expenses-$7,112-$7,112
Information Technology-$3,730-$3,730
Fees for Services Accounting-$2,500-$2,500
Total Functional Expenses$0$50,636$0$50,636
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
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
Yes
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 A, Line 2

Bill tai and austin stewart are both officers of a common company, xtc unicorn fund i, llc, whereby bill tai is the managing member and austin stewart is the secretary.

Form 990, Part VI, Section A, Line 8B

The corporation has no other voting committees.

Form 990, Part VI, Section B, Line 11B

Form 990 is presented to the board of directors upon request, or upon distribution by the treasurer. A copy is also emailed to the bod for review before the return is e-filed.

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

The board of directors monitors any conflict of interest within the organization.

Form 990, Part VI, Section B, Line 15A

Compensation charts and comparable data was obtained to determine substantiation of compensation for the coo and cfo of the nonprofit, when applicable.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon written request to the organization.

Filing and Contact Details

Filer

Filer Name
Actai Global Inc
EIN
45-4866590
Phone
6508888808
Address
405 EL CAMINO REAL 358, MENLO PARK, CA 94025

Signing Officer

Name
William Tai
Title
President
Phone
6508888808
Signed
2022-11-16
Discuss with paid preparer
No

Organization Details

Principal Officer
William Tai
Formed
2012
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
0
Employees
0
Volunteers
10

Preparer

Firm
Maria Serafica CPA
Address
2655 FIRST STREET SUITE 250, SIMI VALLEY, CA 93065
Preparer
Maria Seraficacpa
Phone
8055011430
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contractors: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01491
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01491
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt045663
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BITCOIN (164.0214 COINS): FMV AT 12/31/21=$46,306.45 X 164.0214=$7,595,248
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt045663
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION OF OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BILL TAI AND AUSTIN STEWART ARE BOTH OFFICERS OF A COMMON COMPANY, XTC UNICORN FUND I, LLC, WHEREBY BILL TAI IS THE MANAGING MEMBER AND AUSTIN STEWART IS THE SECRETARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS NO OTHER VOTING COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS UPON REQUEST, OR UPON DISTRIBUTION BY THE TREASURER. A COPY IS ALSO EMAILED TO THE BOD FOR REVIEW BEFORE THE RETURN IS E-FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS MONITORS ANY CONFLICT OF INTEREST WITHIN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION CHARTS AND COMPARABLE DATA WAS OBTAINED TO DETERMINE SUBSTANTIATION OF COMPENSATION FOR THE COO AND CFO OF THE NONPROFIT, WHEN APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OUTSIDE CONTRACTORS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0342431
IRS990/TotalAssetsEOYAmt0366682
IRS990/TotalAssetsGrp/BOYAmt0342431
IRS990/TotalAssetsGrp/EOYAmt0366682
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt045978
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt050636
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07208
IRS990/TotalLiabilitiesEOYAmt035887
IRS990/TotalLiabilitiesGrp/BOYAmt07208
IRS990/TotalLiabilitiesGrp/EOYAmt035887
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0335223
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0330795
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt02500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt046208
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0342431
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0366682
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt08811
IRS990/TravelGrp/TotalAmt08811
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 HANNA WAY
IRS990/USAddress/CityNm0MENLO PARK
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094025
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0ACTAI.GLOBAL
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM TAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06508888808
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACTAI GLOBAL INC
ReturnHeader/Filer/BusinessNameControlTxt0ACTA
ReturnHeader/Filer/EIN0454866590
ReturnHeader/Filer/PhoneNum06508888808
ReturnHeader/Filer/USAddress/AddressLine1Txt0405 EL CAMINO REAL 358
ReturnHeader/Filer/USAddress/CityNm0MENLO PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094025
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARIA SERAFICA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02655 FIRST STREET SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIMI VALLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093065
ReturnHeader/PreparerPersonGrp/PhoneNum08055011430
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA SERAFICACPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-16T05:16:32-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TAI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.02$0.67$1.05$0.68$0.37
2023Summary only. Only limited summary data is available for this year.$0.47$0.08$0.39$0.76$0.77$0.00
2022Summary only. Only limited summary data is available for this year.$0.45$0.06$0.39$0.52$0.46$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.37$0.04$0.33$0.05$0.05$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.01$0.34$0.04$0.09$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.00$0.40$0.62$0.53$0.10
2018Summary only. Only limited summary data is available for this year.$0.87$0.49$0.38$0.80$0.92$0.12
2017Summary only. Only limited summary data is available for this year.$0.59$0.05$0.54$0.86$0.80$0.06
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.89$0.48$1.28$1.29$0.01
2015Summary only. Only limited summary data is available for this year.$0.85$0.37$0.49$1.41$1.09$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.30$0.18$0.73$0.71$0.02
2013Summary only. Only limited summary data is available for this year.$0.16$0.00$0.15$0.28$0.14$0.14
2012Summary only. Only limited summary data is available for this year.$0.02$0.00$0.02$0.48$0.46$0.02