Civic Intelligence

Minding Our Business Inc

EIN 46-1076647 • 501(c)3 • Trenton, NJ

Profile

Entrepreneurial Mentoring Program

PO Box 7834Trenton, NJ 08628

www.mindingourbusiness.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

2.10x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

34th percentile

-6.4%

Higher net margin than 34% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

99th percentile

1138%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$16,878

Up $15,515 (+1138%) from 2017

Liabilities

Up

$35,519

Up $25,646 (+260%) from 2017

Net Assets

Down

-$18,641

Down $10,131 (-119%) from 2017

Revenue

Up

$157,770

Up $46,701 (+42%) from 2017

Expenses

Down

$167,901

Down $43,268 (-20%) from 2017

Net Income

Up

-$10,131

Up $89,969 (+90%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2012: $0Liabilities 2012: $02012Assets 2013: $63,305Liabilities 2013: $3,252Net Assets 2013: $60,0532013Assets 2014: $56,279Liabilities 2014: $1,987Net Assets 2014: $54,2922014Assets 2015: $80,727Liabilities 2015: $1,241Net Assets 2015: $79,4862015Assets 2016: $97,829Liabilities 2016: $6,239Net Assets 2016: $91,5902016Assets 2017: $1,363Liabilities 2017: $9,873Net Assets 2017: -$8,5102017Assets 2018: $16,878Liabilities 2018: $35,519Net Assets 2018: -$18,6412018

Highlighted filing

2018

Assets$16,878
Liabilities$35,519
Net Assets-$18,641

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100K-$200KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $146,056Expenses 2013: $86,003Net Income 2013: $60,0532013Revenue 2014: $139,018Expenses 2014: $144,779Net Income 2014: -$5,7612014Revenue 2015: $198,905Expenses 2015: $173,711Net Income 2015: $25,1942015Revenue 2016: $221,280Expenses 2016: $209,176Net Income 2016: $12,1042016Revenue 2017: $111,069Expenses 2017: $211,169Net Income 2017: -$100,1002017Revenue 2018: $157,770Expenses 2018: $167,901Net Income 2018: -$10,1312018

Highlighted filing

2018

Revenue$157,770
Expenses$167,901
Net Income-$10,131

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 10, 2020
Return Version
2018v3.1
Gross Receipts
$157,770
Mission and Program Overview

Mission

Entrepreneurial Mentoring Program

Promote economic development by conducting entrepreneurship based training and mentoring programs for New Jersey youth designed to provide participating students with instruction in starting and running their own businesses, strategic and tactical business advice and networking

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,000$16,515▲ $15,515
Prepaid Expenses and Deferred Charges$343$343→ $0
Pledges and Grants Receivable$20$20→ $0
Total Assets$1,363$16,878▲ $15,515
Liabilities
Unsecured Notes Loans Payable-$17,500-
Accounts Payable and Accrued Expenses$1,112$9,258▲ $8,146
Other Liabilities$8,761$8,761→ $0
Total Liabilities$9,873$35,519▲ $25,646
Net Assets / Fund Balance
Unrestricted Net Assets$-8,510$-18,641▼ $10,131
Total Net Assets Fund Balance$-8,510$-18,641▼ $10,131
Total Liabilities and Net Assets / Fund Balance$1,363$16,878▲ $15,515
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin WorthemExec Director
Revenue and Support

Revenue Composition

Contributions and Grants
$139,187
Program Service Revenue
$18,580
Investment Income
$3
Other Revenue
$0
Change in Net Assets
$-10,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,172
Salaries, Compensation, and Employee Benefits$70,729
Total Fundraising Expense$16,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,770--$28,770
Current Officers, Directors, Trustees, and Key Employees$22,732--$22,732
All Other Expenses$22,237$129-$22,366
Payroll Taxes$19,227--$19,227
Occupancy-$14,400-$14,400
Office Expenses$3,773$8,754-$12,527
Fees for Services Other$2,175-$8,638$10,813
Fees for Services Accounting-$9,500-$9,500
Advertising--$7,230$7,230
Conferences and Meetings$5,355-$491$5,846
Information Technology$575$1,240-$1,815
Travel$982--$982
Other Expenses$25$435-$25
Total Functional Expenses$117,064$34,478$16,359$167,901
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
Bank Overdraft$8,761
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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 governing body review Part VI line 11

Board of directors reviews tax return prior to filing

Conflict of interest policy compliance Part VI line 12C

Board maintains and reviews conflict of interest policy with exec director, employees, and contractors

CEO executive director top management comp Part VI line 15A

Fixed salary approved by board vote

Other officer or key employee compensation Part VI line 15B

Only employee is exec director as discussed in 015

Governing documents etc available to public Part VI line 19

Organization maintains informational website and tax returns and governing documents available upon request

Filing and Contact Details

Filer

Filer Name
Minding Our Business Inc
EIN
46-1076647
Address
PO BOX 7834, Trenton, NJ 08628

Signing Officer

Name
Edward Adams CPA
Title
CPA
Phone
6097319311
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Worthem
Formed
2012
Legal Domicile
Nj
Voting Board Members
20
Independent Board Members
5
Employees
0

Preparer

Firm
Adams & Associates PC
Address
1719 Callender Road, Thompson, PA 18465
Preparer
Edward Adams CPA
Phone
5707273325
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

Subcontractor fees of which $4,053 is for grant writing deemed fundraising expense and remainder is program related mentor expenses

Part IX response or note to any line in Part IX

24e Program Related Expenses for Entrepreneurial program

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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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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0cpa
ReturnHeader/BusinessOfficerGrp/PhoneNum06097319311
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINDING OUR BUSINESS INC
ReturnHeader/Filer/BusinessNameControlTxt0MIND
ReturnHeader/Filer/EIN0461076647
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7834
ReturnHeader/Filer/USAddress/CityNm0Trenton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008628
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Adams & Associates PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01719 Callender Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Thompson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd018465
ReturnHeader/PreparerPersonGrp/PhoneNum05707273325
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Edward Adams CPA
ReturnHeader/ReturnTs02021-01-08T08:46:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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