Civic Intelligence

Zmi Foundation Inc.

990 • Fiscal year 2016 • EIN 45-5537211

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 13, 2017

Organization ProfileWWW.ZMIFOUNDATION.ORG
188-03 Linden BlvdSaint Albans, NY 11412

(718) 276-0600

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

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

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

65th percentile

0.07x

Higher debt load relative to revenue than 65% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Net Margin

21st percentile

-7.3%

Higher net margin than 21% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

74th percentile

$50,000

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • NTEE B • $500k-$1M nonprofits • Source year 2016

Asset Growth

63rd percentile

8.8%

Faster asset growth than 63% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$39,328

Up $3,179 (+8.8%) from 2015

Net Assets

Down

$954

Down $14,757 (-94%) from 2015

Liabilities

Up

$38,374

Up $17,936 (+88%) from 2015

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin21st percentile

Revenue

Up

$556,910

Up $60,531 (+12%) from 2015

Expenses

Up

$597,783

Up $79,212 (+15%) from 2015

Net Income

Down

-$40,873

Down $18,681 (-84%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2014: $34,648Liabilities 2014: $553Net Assets 2014: $34,0952014Assets 2015: $36,149Liabilities 2015: $20,438Net Assets 2015: $15,7112015Assets 2016: $39,328Liabilities 2016: $38,374Net Assets 2016: $9542016Assets 2017: $22,820Liabilities 2017: $35,239Net Assets 2017: -$12,4192017Assets 2018: $36,704Liabilities 2018: $44,526Net Assets 2018: -$7,8222018Assets 2019: $22,115Liabilities 2019: $34,325Net Assets 2019: -$12,2102019Assets 2020: $177,423Liabilities 2020: $214,891Net Assets 2020: -$37,4682020Assets 2021: $151,482Liabilities 2021: $208,066Net Assets 2021: -$56,5842021Assets 2022: $215,583Liabilities 2022: $215,583Net Assets 2022: $02022Assets 2023: $134,952Liabilities 2023: $235,484Net Assets 2023: -$100,5322023Assets 2024: $108,263Liabilities 2024: $243,834Net Assets 2024: -$135,5712024

Highlighted filing

2016

Assets$39,328
Liabilities$38,374
Net Assets$954
Open 2016 Filing

Operations Trend

Revenue Growth65th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $231,655Expenses 2014: $279,823Net Income 2014: -$48,1682014Revenue 2015: $496,379Expenses 2015: $518,571Net Income 2015: -$22,1922015Revenue 2016: $556,910Expenses 2016: $597,783Net Income 2016: -$40,8732016Revenue 2017: $442,497Expenses 2017: $455,870Net Income 2017: -$13,3732017Revenue 2018: $430,507Expenses 2018: $425,910Net Income 2018: $4,5972018Revenue 2019: $397,155Expenses 2019: $414,687Net Income 2019: -$17,5322019Revenue 2020: $174,276Expenses 2020: $198,533Net Income 2020: -$24,2572020Revenue 2021: $166,307Expenses 2021: $223,657Net Income 2021: -$57,3502021Revenue 2022: $368,408Expenses 2022: $354,557Net Income 2022: $13,8512022Revenue 2023: $593,440Expenses 2023: $615,244Net Income 2023: -$21,8042023Revenue 2024: $540,233Expenses 2024: $575,272Net Income 2024: -$35,0392024

Highlighted filing

2016

Revenue$556,910
Expenses$597,783
Net Income-$40,873
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$556,910
Mission and Program Overview

Mission

Mission statement: to provide a supportive, empowering, and effective after school curriculum and summer camp program

Mission Statement To provide a supportive, empowering and educational enviroment for students, parents and caregivers. It reaches the community thru an effective afterschool curriculum and summer camp program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$24,738-
Loans From Officers Directors$15,500$15,500→ $0
Prepaid Expenses and Deferred Charges$12,093--
Cash and Non-Interest-Bearing Accounts-$11,105-
Savings and Temporary Cash Investments$24,056$3,485▼ $20,571
Total Assets$36,149$39,328▲ $3,179
Liabilities
Accounts Payable and Accrued Expenses$4,938$22,874▲ $17,936
Total Liabilities$20,438$38,374▲ $17,936
Net Assets / Fund Balance
Unrestricted Net Assets$15,711$954▼ $14,757
Total Net Assets Fund Balance$15,711$954▼ $14,757
Total Liabilities and Net Assets / Fund Balance$36,149$39,328▲ $3,179
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sharon ChambersDirectorFT$50,000$50,000
Dennis ChambersChairmanFT$50,000$50,000
Katryn GanpatTreasurerFT$18,389$18,389

Board Members and Trustees

NameTitle
Edwin VictorSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Zen Masters INCKarate Training/travel188-03 LINDEN BLVD, Saint Albans, NY 11412$185,353
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$551,780
Investment Income
$130
Other Revenue
$0
Change in Net Assets
$-40,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$556,910
Total Revenue per Audited Statements
$556,910
Total Revenue per Form 990
$556,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,770
Salaries, Compensation, and Employee Benefits$285,013
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$151,743--$151,743
Comp Disqual Persons$143,768--$143,768
Current Officers, Directors, Trustees, and Key Employees$68,389$50,000-$118,389
Travel$50,609--$50,609
Occupancy$22,066$23,339-$45,405
Office Expenses$16,944$12,954-$29,898
Payroll Taxes$18,497$4,359-$22,856
Fees for Services Accounting-$8,750-$8,750
Insurance-$5,850-$5,850
Advertising$3,803--$3,803
All Other Expenses$359$1,160-$1,519
Other Expenses$1,183$10,263-$1,183
Interest-$77-$77
Total Functional Expenses$481,031$116,752$0$597,783

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$597,783
Total Expenses per Audited Statements$597,783
Total Expenses per Form 990$597,783
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by OfficerKarate TrainingNo$148,453
-Owned by OfficerTransportationNo$36,900
-Owned by OfficerSpace RentalNo$20,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$15,500$15,500→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Line 2

“Sharon chambers and dennis chambers are related as wife and husband”

Form 990, Part VI, Line 11B

“The tax return is preseneted to the director of the organization who then calls a meeting with the board members/officers to review the tax return as to accuracy. If there are any changes the tax return will be then edited and the tax return preparer will then be notified.”

Filing and Contact Details

Filer

Filer Name
Zmi Foundation Inc
EIN
45-5537211
Phone
7182760600
Address
188-03 LINDEN BLVD, SAINT ALBANS, NY 11412

Signing Officer

Name
Sharon Chambers
Title
Director
Signed
2017-11-13
Discuss with paid preparer
No

Organization Details

Principal Officer
Sharon Cambers
Formed
2012
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
4

Preparer

Firm
Brynn Associates LLC
Address
1122A NOSTRAND AVE, BROOKLYN, NY 11225
Preparer
Lex B Larosecpa
Phone
7187357177
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consultant and subcontractors - after school program 139,095 and summer camp 12,648”

Financial Statement Notes

XI 2D

“Zmi applies the provision of fasb asc 740, income taxes. Management has considered possible areas of uncertain tax positions and possible areas of risk to its tax-exempt positions and that its tax exempt status would be sustained upon examination.”

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IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01284758
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0556780
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0496323
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0231655
IRS990ScheduleA/Total509Grp/TotalAmt01284758
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0556910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0496323
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0231655
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01284888
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0597783
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0556910
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ZMI APPLIES THE PROVISION OF FASB ASC 740, INCOME TAXES. MANAGEMENT HAS CONSIDERED POSSIBLE AREAS OF UNCERTAIN TAX POSITIONS AND POSSIBLE AREAS OF RISK TO ITS TAX-EXEMPT POSITIONS AND THAT ITS TAX EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2D
IRS990ScheduleD/TotalExpensesPerForm990Amt0597783
IRS990ScheduleD/TotalRevenuePerForm990Amt0556910
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0556910
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0597783
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0ZEN MASTERS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1ZEN MASTERS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2SKYLINE DEVELOPMENT CONCEPTS NC
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt136900
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt220000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0KARATE TRAINING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1TRANSPORTATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2SPACE RENTAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt015500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FINANCE EXPENSES OF THE ORGAANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt015500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0SHARON CHAMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt015500
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHARON CHAMBERS AND DENNIS CHAMBERS ARE RELATED AS WIFE AND HUSBAND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS PRESENETED TO THE DIRECTOR OF THE ORGANIZATION WHO THEN CALLS A MEETING WITH THE BOARD MEMBERS/OFFICERS TO REVIEW THE TAX RETURN AS TO ACCURACY. IF THERE ARE ANY CHANGES THE TAX RETURN WILL BE THEN EDITED AND THE TAX RETURN PREPARER WILL THEN BE NOTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTANT AND SUBCONTRACTORS - AFTER SCHOOL PROGRAM 139,095 AND SUMMER CAMP 12,648
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt036149
IRS990/TotalAssetsEOYAmt039328
IRS990/TotalAssetsGrp/BOYAmt036149
IRS990/TotalAssetsGrp/EOYAmt039328
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116752
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0481031
IRS990/TotalFunctionalExpensesGrp/TotalAmt0597783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020438
IRS990/TotalLiabilitiesEOYAmt038374
IRS990/TotalLiabilitiesGrp/BOYAmt020438
IRS990/TotalLiabilitiesGrp/EOYAmt038374
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0954
IRS990/TotalProgramServiceExpensesAmt0481031
IRS990/TotalProgramServiceRevenueAmt0551780
IRS990/TotalReportableCompFromOrgAmt0118389
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0551910
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0556910
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt036149
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt039328
IRS990/TravelGrp/ProgramServicesAmt050609
IRS990/TravelGrp/TotalAmt050609
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt015711
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0954
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115-116 233RD ST
IRS990/USAddress/CityNm0CAMBRIA HEIGHTS
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011411
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.ZMIFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0SHARON CHAMBERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ZMI FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0ZMIF
ReturnHeader/Filer/EIN0455537211
ReturnHeader/Filer/PhoneNum07182760600
ReturnHeader/Filer/USAddress/AddressLine1Txt0188-03 LINDEN BLVD
ReturnHeader/Filer/USAddress/CityNm0SAINT ALBANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011412
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02DC1550A2ED70E7D83872A348E9E891EDC2A0387
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02DC1550A2ED70E7D83872A348E9E891EDC2A0387
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.127.138.130
ReturnHeader/FilingSecurityInformation/IPDt02017-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:17:42
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRYNN ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01122A NOSTRAND AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011225
ReturnHeader/PreparerPersonGrp/PhoneNum07187357177
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-13

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,328
Liabilities
$38,374
Net assets
$954
Revenue
$556,910
Expenses
$597,783
Net income
-$40,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$2.44$1.36$5.40$5.75$0.35
2023Detailed filing. Detailed filing data is available for this year.$1.35$2.35$1.01$5.93$6.15$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.16$2.16$0.00$3.68$3.55$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.51$2.08$0.57$1.66$2.24$0.57
2020Detailed filing. Detailed filing data is available for this year.$1.77$2.15$0.37$1.74$1.99$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.34$0.12$3.97$4.15$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.45$0.08$4.31$4.26$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.35$0.12$4.42$4.56$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.38$0.01$5.57$5.98$0.41
2015Summary only. Only limited summary data is available for this year.$0.36$0.20$0.16$4.96$5.19$0.22
2014Summary only. Only limited summary data is available for this year.$0.35$0.01$0.34$2.32$2.80$0.48