Civic Intelligence

Processing Foundation Inc

990 • Fiscal year 2020 • EIN 46-0830259

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 07, 2022

Organization Profileprocessingfoundation.org
400 Jay StBrooklyn, NY 11201

(917) 374-7063

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.02x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Net Margin

78th percentile

34%

Higher net margin than 78% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Top Officer Pay

74th percentile

$2,536

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • NTEE B99 • <$500k nonprofits • Source year 2020

Asset Growth

44th percentile

3.2%

Faster asset growth than 44% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Annualized from 2018 to 2020

Revenue Growth

84th percentile

29%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • NTEE B99 • <$500k nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$156,372

Up $9,419 (+6.4%) from 2018

Net Assets

$151,372

No earlier filing loaded for comparison.

Liabilities

Up

$5,000

Up $5,000 from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin78th percentile

Revenue

Up

$273,520

Up $108,546 (+66%) from 2018

Expenses

Up

$181,843

Up $75,131 (+70%) from 2018

Net Income

Up

$91,677

Up $33,415 (+57%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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: $10,642,218Liabilities 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

2020

Assets$156,372
Liabilities$5,000
Net Assets$151,372
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

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: $10,911,366Expenses 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

2020

Revenue$273,520
Expenses$181,843
Net Income$91,677
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 7, 2022
Return Version
2020v4.1
Gross Receipts
$273,520
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
Cash and Non-Interest-Bearing Accounts$59,695$156,372▲ $96,677
Total Assets$59,695$156,372▲ $96,677
Liabilities
Accounts Payable and Accrued Expenses-$5,000-
Total Liabilities$0$5,000▲ $5,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$59,695$108,039▲ $48,344
Net Assets With Donor Restrictions-$43,333-
Total Net Assets Fund Balance$59,695$151,372▲ $91,677
Total Liabilities and Net Assets / Fund Balance$59,695$156,372▲ $96,677
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lauren Lee McCarthyBoard of DirectorPT$2,536$2,536

Board Members and Trustees

NameTitle
Ben FryBoard of Director
Johanna HedvaBoard of Director
Casey ReasSecretary
Daniel ShiffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$254,521
Program Service Revenue
$6,500
Investment Income
$0
Other Revenue
$12,499
All Other Contributions
$229,521
Change in Net Assets
$91,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,843
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$144,574$1,590$0$146,164
Fees for Services Accounting$0$10,143$0$10,143
Other Expenses$1,000$3,261$0$4,261
Office Expenses$0$2,466$0$2,466
Advertising$0$669$0$669
Total Functional Expenses$156,916$24,927$0$181,843
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
Yes
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
2022-02-07
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 102580. 100990. 1590. 0.”

Form 990, Part IX, Line 11G

“Fellowships 33000. 33000. 0. 0.”

Form 990, Part IX, Line 11G

“Mentors 10584. 10584. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“The Organization has evaluated its current tax positions and has concluded that as of December 31, 2020, the Organization does not have any significant uncertain tax positions for which a deserve would be necessary.”

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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024927
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0156916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0181843
IRS990/TotalGrossUBIAmt02944
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IRS990/TotalLiabilitiesGrp/EOYAmt05000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016055
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0273520
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02944
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156372
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-03-31 18:45:55Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL SHIFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09173747063
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-07
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010016
ReturnHeader/PreparerPersonGrp/PhoneNum02126842470
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN A BANDER
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ReturnHeader/ReturnTs02022-02-07T09:09:01-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHIFFMAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,372
Liabilities
$5,000
Net assets
$151,372
Revenue
$273,520
Expenses
$181,843
Net income
$91,677
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
2020Detailed filing. Detailed filing data is available for this year.$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