Civic Intelligence

Processing Foundation Inc

990 • Fiscal year 2021 • EIN 46-0830259

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 07, 2023

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

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

7th percentile

0.00x

Higher debt load relative to revenue than 7% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Net Margin

99th percentile

96%

Higher net margin than 99% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$50,800

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Asset Growth

100th percentile

6706%

Faster asset growth than 100% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

3889%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$10,642,218

Up $10,485,846 (+6706%) from 2020

Net Assets

Up

$10,619,718

Up $10,468,346 (+6916%) from 2020

Liabilities

Up

$22,500

Up $17,500 (+350%) from 2020

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin99th percentile

Revenue

Up

$10,911,366

Up $10,637,846 (+3889%) from 2020

Expenses

Up

$443,020

Up $261,177 (+144%) from 2020

Net Income

Up

$10,468,346

Up $10,376,669 (+11319%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2021

Assets$10,642,218
Liabilities$22,500
Net Assets$10,619,718
Open 2021 Filing

Operations Trend

Revenue Growth100th 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

2021

Revenue$10,911,366
Expenses$443,020
Net Income$10,468,346
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 7, 2023
Return Version
2021v4.1
Gross Receipts
$21,320,128
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$156,372$10,616,985▲ $10,460,613
Pledges and Grants Receivable-$25,000-
Intangible Assets-$233-
Total Assets$156,372$10,642,218▲ $10,485,846
Liabilities
Accounts Payable and Accrued Expenses$5,000$22,500▲ $17,500
Total Liabilities$5,000$22,500▲ $17,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,039$10,619,718▲ $10,511,679
Net Assets With Donor Restrictions$43,333--
Total Net Assets Fund Balance$151,372$10,619,718▲ $10,468,346
Total Liabilities and Net Assets / Fund Balance$156,372$10,642,218▲ $10,485,846
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$10,937,089
Program Service Revenue
$0
Investment Income
$-48,037
Other Revenue
$22,314
All Other Contributions
$10,912,089
Change in Net Assets
$10,468,346

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$10,408,995
Total Noncash Contributions2$10,408,995

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,911,366
Total Revenue per Audited Statements
$10,911,366
Total Revenue per Form 990
$10,911,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$442,086
Total Fundraising Expense$18,933
Grants and Similar Amounts Paid$934
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$201,301$13,100$13,450$227,851
Fees for Services Accounting$0$21,879$0$21,879
Other Expenses$0$3,340$5,483$8,823
Office Expenses$4,820$859$0$5,679
Grants to Domestic Orgs$934--$934
Advertising$434$0$0$434
Total Functional Expenses$215,526$208,561$18,933$443,020

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$443,020
Total Expenses per Audited Statements$443,020
Total Expenses per Form 990$443,020
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
2023-07-07
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 187262. 160712. 13100. 13450.”

Form 990, Part IX, Line 11G

“Fellowships 13500. 13500. 0. 0.”

Form 990, Part IX, Line 11G

“Mentors 27089. 27089. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“The organization has evaluated its current tax positions and has concluded thatt as of december 31, 2021, the organization does not have any significant uncertain tax positions for which a reserve would be necessary.”

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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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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt01575
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt06819
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt0443020
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt010911366
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THATT AS OF DECEMBER 31, 2021, THE ORGANIZATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0443020
IRS990ScheduleD/TotalRevenuePerForm990Amt010911366
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010911366
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0443020
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt02
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Crypto assets
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt010408995
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR REVIEWS FORM 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS/DIRECTORS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTANTS 187262. 160712. 13100. 13450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FELLOWSHIPS 13500. 13500. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MENTORS 27089. 27089. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0156372
IRS990/TotalAssetsEOYAmt010642218
IRS990/TotalAssetsGrp/BOYAmt0156372
IRS990/TotalAssetsGrp/EOYAmt010642218
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010937089
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018933
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0208561
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0215526
IRS990/TotalFunctionalExpensesGrp/TotalAmt0443020
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05000
IRS990/TotalLiabilitiesEOYAmt022500
IRS990/TotalLiabilitiesGrp/BOYAmt05000
IRS990/TotalLiabilitiesGrp/EOYAmt022500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0151372
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt010619718
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0215526
IRS990/TotalReportableCompFromOrgAmt050800
IRS990/TotalRevenueGrp/ExclusionAmt0-26227
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0504
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010911366
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156372
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010642218
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 JAY ST 175
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0processingfoundation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL SHIFFMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09173747063
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROCESSING FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PROC
ReturnHeader/Filer/EIN0460830259
ReturnHeader/Filer/PhoneNum09173747063
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 JAY ST
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202747426
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/ReturnTs02023-07-07T08:09:10-07:00
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
$10,642,218
Liabilities
$22,500
Net assets
$10,619,718
Revenue
$10,911,366
Expenses
$443,020
Net income
$10,468,346
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
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