Civic Intelligence

Side Project Inc.

990 • Fiscal year 2021 • EIN 46-0769403

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Refreshing map…

2635 Old Okeechobee RoadWest Palm Beach, FL 33409

(800) 330-5807

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

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

Liabilities / Revenue

76th percentile

0.06x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

26th percentile

-8.1%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

90th percentile

$39,497

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

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

Asset Growth

27th percentile

-9.1%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

26th percentile

-29%

Faster revenue growth than 26% of similar nonprofits.

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

Assets

Down

$297,874

Down $29,824 (-9.1%) from 2020

Net Assets

Down

$274,773

Down $31,279 (-10%) from 2020

Liabilities

Up

$23,101

Up $1,455 (+6.7%) from 2020

Revenue

Down

$388,189

Down $160,228 (-29%) from 2020

Expenses

Down

$419,468

Down $4,024 (-1.0%) from 2020

Net Income

Down

-$31,279

Down $156,204 (-125%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $409Liabilities 2012: $02012Assets 2014: $31,115Liabilities 2014: $165Net Assets 2014: $30,9502014Assets 2015: $36,916Liabilities 2015: $2,288Net Assets 2015: $34,6282015Assets 2016: $76,447Liabilities 2016: $0Net Assets 2016: $76,4472016Assets 2017: $195,345Liabilities 2017: $4,992Net Assets 2017: $190,3532017Assets 2018: $89,198Liabilities 2018: $1,313Net Assets 2018: $87,8852018Assets 2019: $184,633Liabilities 2019: $3,506Net Assets 2019: $181,1272019Assets 2020: $327,698Liabilities 2020: $21,646Net Assets 2020: $306,0522020Assets 2021: $297,874Liabilities 2021: $23,101Net Assets 2021: $274,7732021Assets 2022: $103,534Liabilities 2022: $4,887Net Assets 2022: $98,6472022Assets 2023: $133,405Liabilities 2023: $7,419Net Assets 2023: $125,9862023Assets 2024: $156,093Liabilities 2024: $6,153Net Assets 2024: $149,9402024

Highlighted filing

2021

Assets$297,874
Liabilities$23,101
Net Assets$274,773

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $6,100Expenses 2012: $5,691Net Income 2012: $4092012Revenue 2014: $95,812Expenses 2014: $74,544Net Income 2014: $21,2682014Revenue 2015: $104,024Expenses 2015: $100,346Net Income 2015: $3,6782015Revenue 2016: $176,851Expenses 2016: $135,032Net Income 2016: $41,8192016Revenue 2017: $386,355Expenses 2017: $277,407Net Income 2017: $108,9482017Revenue 2018: $180,324Expenses 2018: $282,792Net Income 2018: -$102,4682018Revenue 2019: $305,534Expenses 2019: $212,292Net Income 2019: $93,2422019Revenue 2020: $548,417Expenses 2020: $423,492Net Income 2020: $124,9252020Revenue 2021: $388,189Expenses 2021: $419,468Net Income 2021: -$31,2792021Revenue 2022: $225,953Expenses 2022: $402,079Net Income 2022: -$176,1262022Revenue 2023: $183,849Expenses 2023: $156,422Net Income 2023: $27,4272023Revenue 2024: $147,292Expenses 2024: $123,338Net Income 2024: $23,9542024

Highlighted filing

2021

Revenue$388,189
Expenses$419,468
Net Income-$31,279
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$388,189
Mission and Program Overview

Mission

Side project inc. Combines the philosophy of social work with the tools of the law to incubate and develop grassroots projects focused on social change. We provide macro level, community organization support by helping to educate the general public on the complex set of laws, rules, regulations, and compliance issues that impact charitable, educational, and scientific projects. Our services focus on developing socially-minded ideas into sustainable projects that have a positive impact on the community. We provided the resources, training, and technical assistance that nonprofit leaders and social change agents need as they try to navigate the rules, regulations and laws impacting their work. This effort is fueled by the a corp of young professionals who donate their time, talent and treasurer to help the charitable issues our organization supports, including access to higher education, inclusion of people with disabilities in the community, and access to justice issues.

To promote social justice and social change by incubating and developing grassroots projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$321,360$297,874▼ $23,486
Accounts Receivable$6,338--
Total Assets$327,698$297,874▼ $29,824
Liabilities
Other Liabilities-$23,101-
Accounts Payable and Accrued Expenses$13,546--
Unsecured Notes Loans Payable$8,100--
Total Liabilities$21,646$23,101▲ $1,455
Net Assets / Fund Balance
Net Assets With Donor Restrictions$277,108$277,108→ $0
Net Assets Without Donor Restrictions$28,944$-2,335▼ $31,279
Total Net Assets Fund Balance$306,052$274,773▼ $31,279
Total Liabilities and Net Assets / Fund Balance$327,698$297,874▼ $29,824
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey FromknechtCEOFT$39,497$39,497
Arwen DavisCOOPT$12,263$12,263
David BrownTreasurer/cfPT$969$969

Board Members and Trustees

NameTitle
Adam CausgroveBoard of Director
Dan FromknechtBoard of Director
Emanuel Jackson JeBoard of Director
Kelsey RipperBoard of Director
Meghan BoehmBoard of Director
Nathan BishBoard of Director
Nicholas KochBoard of Director
Stephen FetznerBoard of Director
Tim GrowBoard of Director
Revenue and Support

Revenue Composition

Contributions and Grants
$294,015
Program Service Revenue
$60,054
Investment Income
$0
Other Revenue
$34,120
All Other Contributions
$294,015
Change in Net Assets
$-31,279
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$259,854
Grants and Similar Amounts Paid$97,794
Salaries, Compensation, and Employee Benefits$61,820
Total Fundraising Expense$16,084
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$121,936$14,346$7,173$143,455
Grants to Domestic Orgs$95,789--$95,789
Current Officers, Directors, Trustees, and Key Employees$44,821$5,272$2,636$52,729
Fees for Services Legal$32,057$3,772$1,886$37,715
Travel$7,474$879$440$8,793
Other Expenses$6,552$771$385$7,708
Payroll Taxes$5,341$628$314$6,283
All Other Expenses$4,512$532$265$5,309
Conferences and Meetings$3,748$441$221$4,410
Insurance$3,586$422$211$4,219
Other Employee Benefits$2,387$281$140$2,808
Grants to Domestic Individuals$2,005--$2,005
Office Expenses$1,555$183$92$1,830
Occupancy$344$41$20$405
Interest$21$3$1$25
Total Functional Expenses$371,215$32,169$16,084$419,468
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Public Good ProjectsMnew York, NY501c3Disability Advocacy$95,789
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$22,909
Payroll Liabilities$192
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Page 6, Part VI, Line 2

Jeffrey fromknecht dan fromknecht ceo board member brothers

Form 990, Page 6, Part VI, Line 11B

Given to board of directors to review proior to submitting

Form 990, Page 6, Part VI, Line 12C

Board reviews policy annually and individual members of the board complete an annual disclosure.

Form 990, Page 6, Part VI, Line 15A

The board of directors has adopted an executive compensation policy that requires: (1) interested parties to abstain from coting, (2) the board to relay on market data and compensation reports and (3) for all of this information to be documented and recorded in the minutes.

Form 990, Page 6, Part VI, Line 19

It is available on our website and by request.

Filing and Contact Details

Filer

Filer Name
Side Project Inc
EIN
46-0769403
Phone
8003305807
Address
2635 OLD OKEECHOBEE ROAD, WEST PALM BEACH, FL 33409

Signing Officer

Name
Jeffrey Fromknecht
Title
CEO
Phone
8003305807
Signed
2022-11-15

Organization Details

Principal Officer
Jeffrey Fromknecht
Formed
2012
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
10
Employees
2
Volunteers
25

Preparer

Firm
Accounting Services of Florida Inc
Address
7000 W PALMETTO PARK ROAD STE 210, BOCA RATON, FL 33433
Preparer
Eric T Feld CPA
Phone
9549470045
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractors 121,936 14,346 7,173

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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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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DISABILITY ADVOCACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PUBLIC GOOD PROJECTS
IRS990ScheduleI/RecipientTable/RecipientEIN0462717584
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0105 MADISON AVE FLOOR 11
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MNEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JEFFREY FROMKNECHT DAN FROMKNECHT CEO BOARD MEMBER BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GIVEN TO BOARD OF DIRECTORS TO REVIEW PROIOR TO SUBMITTING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD REVIEWS POLICY ANNUALLY AND INDIVIDUAL MEMBERS OF THE BOARD COMPLETE AN ANNUAL DISCLOSURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAS ADOPTED AN EXECUTIVE COMPENSATION POLICY THAT REQUIRES: (1) INTERESTED PARTIES TO ABSTAIN FROM COTING, (2) THE BOARD TO RELAY ON MARKET DATA AND COMPENSATION REPORTS AND (3) FOR ALL OF THIS INFORMATION TO BE DOCUMENTED AND RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT IS AVAILABLE ON OUR WEBSITE AND BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTORS 121,936 14,346 7,173
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TravelGrp/ProgramServicesAmt07474
IRS990/TravelGrp/TotalAmt08793
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