Civic Intelligence

Processing Foundation Inc

990 • Fiscal year 2021 • EIN 46-0830259

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

Organization Profileprocessingfoundation.org
400 Jay StBrooklyn, NY 11201

(917) 374-7063

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$10,616,752

Up $10,460,380 (+6689%) from 2020

Net Assets

Up

$10,611,752

Up $10,460,380 (+6910%) from 2020

Liabilities

Flat

$5,000

Flat from 2020

Revenue And Expenses

Revenue

Up

$10,889,998

Up $10,616,478 (+3881%) from 2020

Expenses

Up

$429,618

Up $247,775 (+136%) from 2020

Net Income

Up

$10,460,380

Up $10,368,703 (+11310%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2012: $11,216Liabilities 2012: $02012Assets 2013: $49,579Liabilities 2013: $2,0002013Assets 2014: $82,988Liabilities 2014: $02014Assets 2015: $94,810Net Assets 2015: $94,8102015Assets 2016: $86,823Liabilities 2016: $02016Assets 2017: $88,691Liabilities 2017: $02017Assets 2018: $146,953Liabilities 2018: $02018Assets 2020: $156,372Liabilities 2020: $5,000Net Assets 2020: $151,3722020Assets 2021: $10,616,752Liabilities 2021: $5,000Net Assets 2021: $10,611,7522021Assets 2021: $10,642,218Liabilities 2021: $22,500Net Assets 2021: $10,619,7182021Assets 2022: $10,742,562Liabilities 2022: $26,673Net Assets 2022: $10,715,8892022Assets 2023: $10,370,284Liabilities 2023: $17,287Net Assets 2023: $10,352,9972023Assets 2024: $9,537,257Liabilities 2024: $52,767Net Assets 2024: $9,484,4902024

Highlighted filing

2021

Assets$10,616,752
Liabilities$5,000
Net Assets$10,611,752
Open 2021 Filing

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2012: $11,235Expenses 2012: $19Net Income 2012: $11,2162012Revenue 2013: $51,336Expenses 2013: $14,973Net Income 2013: $36,3632013Revenue 2014: $56,685Expenses 2014: $21,276Net Income 2014: $35,4092014Revenue 2015: $49,262Expenses 2015: $37,440Net Income 2015: $11,8222015Revenue 2016: $40,467Expenses 2016: $48,454Net Income 2016: -$7,9872016Revenue 2017: $91,212Expenses 2017: $89,344Net Income 2017: $1,8682017Revenue 2018: $164,974Expenses 2018: $106,712Net Income 2018: $58,2622018Revenue 2020: $273,520Expenses 2020: $181,843Net Income 2020: $91,6772020Revenue 2021: $10,889,998Expenses 2021: $429,618Net Income 2021: $10,460,3802021Revenue 2021: $10,911,366Expenses 2021: $443,020Net Income 2021: $10,468,3462021Revenue 2022: $777,054Expenses 2022: $680,883Net Income 2022: $96,1712022Revenue 2023: $512,988Expenses 2023: $1,230,569Net Income 2023: -$717,5812023Revenue 2024: $648,664Expenses 2024: $1,517,171Net Income 2024: -$868,5072024

Highlighted filing

2021

Revenue$10,889,998
Expenses$429,618
Net Income$10,460,380
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$10,889,998
Mission and Program Overview

Mission

The Organizations mission is to promote software literacy within the visual arts, and visual literacy within technology-related fields - and to make these fields accessible to diverse communities.

The Organization's mission is to promote software literacy within the visual arts, and visual literacy within technology-related fields - and to make these fields accessible to diverse communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets-$10,206,118-
Cash and Non-Interest-Bearing Accounts$156,372$410,634▲ $254,262
Total Assets$156,372$10,616,752▲ $10,460,380
Liabilities
Accounts Payable and Accrued Expenses$5,000$5,000→ $0
Total Liabilities$5,000$5,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,039$10,611,752▲ $10,503,713
Net Assets With Donor Restrictions$43,333--
Total Net Assets Fund Balance$151,372$10,611,752▲ $10,460,380
Total Liabilities and Net Assets / Fund Balance$156,372$10,616,752▲ $10,460,380
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dorothy SantosExecutive DirectorPT$50,800$50,800

Board Members and Trustees

NameTitle
Ben FryPresident
Kate HollenbachBoard Member
Casey ReasSecretary
Daniel ShiffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,823,468
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$66,530
All Other Contributions
$10,798,468
Change in Net Assets
$10,460,380

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$10,360,488
Total Noncash Contributions2$10,360,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,618
Total Fundraising Expense$13,100
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$166,314$13,100$13,100$192,514
Other Expenses$0$59,777$0$59,777
Office Expenses$4,770$856$0$5,626
Fees for Services Accounting$0$3,379$0$3,379
Fees for Services Legal$0$1,000$0$1,000
Advertising$0$434$0$434
Total Functional Expenses$178,938$237,580$13,100$429,618
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
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Processing Foundation Inc
EIN
46-0830259
Phone
9173747063
Address
400 JAY ST, BROOKLYN, NY 11201

Signing Officer

Name
Daniel Shiffman
Title
Treasurer
Phone
9173747063
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Shiffman
Formed
2012
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Rich and Bander Llp
Address
79 Madison Avenue 2nd Floor, New York, NY 10016
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The director reviews form 990 prior to filing”

Pt VI, Line 12C

“Officers/directors are required to disclose conflicts of interest annually.”

Form 990, Part IX, Line 11G

“Consultants 179712. 153512. 13100. 13100.”

Form 990, Part IX, Line 11G

“Fellowships 7500. 7500. 0. 0.”

Form 990, Part IX, Line 11G

“Mentors 5302. 5302. 0. 0.”

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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05000
IRS990/TotalLiabilitiesEOYAmt05000
IRS990/TotalLiabilitiesGrp/BOYAmt05000
IRS990/TotalLiabilitiesGrp/EOYAmt05000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0151372
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010611752
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalReportableCompFromOrgAmt050800
IRS990/TotalRevenueGrp/ExclusionAmt066530
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010889998
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010616752
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
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IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL SHIFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09173747063
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROCESSING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PROC
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ReturnHeader/Filer/PhoneNum09173747063
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RICH AND BANDER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt079 Madison Avenue 2nd Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum02126842470
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN A BANDER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-15T04:02:30-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHIFFMAN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,616,752
Liabilities
$5,000
Net assets
$10,611,752
Revenue
$10,889,998
Expenses
$429,618
Net income
$10,460,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.54$0.05$9.48$0.65$1.52$0.87
2023Detailed filing. Detailed filing data is available for this year.$10.4$0.02$10.4$0.51$1.23$0.72
2022Detailed filing. Detailed filing data is available for this year.$10.7$0.03$10.7$0.78$0.68$0.10
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.02$10.6$10.9$0.44$10.5
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.01$10.6$10.9$0.43$10.5
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.01$0.15$0.27$0.18$0.09
2018Summary only. Only limited summary data is available for this year.$0.15$0.00$0.16$0.11$0.06
2017Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.09$0.00
2016Summary only. Only limited summary data is available for this year.$0.09$0.00$0.04$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.09$0.05$0.04$0.01
2014Summary only. Only limited summary data is available for this year.$0.08$0.00$0.06$0.02$0.04
2013Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.01$0.04
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.01$0.00$0.01