Civic Intelligence

Worldopt Institute Inc

990 • Fiscal year 2020 • EIN 46-1525355

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 16, 2022

758 Kapahulu Avenue Suite 100Honolulu, HI 96816

(808) 321-8983

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

40th percentile

$13,511

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

53%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-3.8%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,010,912

Up $348,587 (+53%) from 2019

Net Assets

Up

$1,010,912

Up $427,170 (+73%) from 2019

Liabilities

Down

$0

Down $78,583 (-100%) from 2019

Revenue

Down

$685,000

Down $27,085 (-3.8%) from 2019

Expenses

Up

$257,886

Up $141,692 (+122%) from 2019

Net Income

Down

$427,114

Down $168,777 (-28%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $3,109Liabilities 2015: $02015Assets 2016: $1,039Liabilities 2016: $02016Assets 2017: $11,870Liabilities 2017: $02017Assets 2018: $3,217Liabilities 2018: $0Net Assets 2018: $3,2172018Assets 2019: $662,325Liabilities 2019: $78,583Net Assets 2019: $583,7422019Assets 2020: $1,010,912Liabilities 2020: $0Net Assets 2020: $1,010,9122020Assets 2021: $2,001,439Liabilities 2021: $4,041Net Assets 2021: $1,997,3982021Assets 2022: $1,717,237Liabilities 2022: $673Net Assets 2022: $1,716,5642022Assets 2023: $1,832,129Liabilities 2023: $1,047Net Assets 2023: $1,831,0822023Assets 2024: $1,622,153Liabilities 2024: $2,622Net Assets 2024: $1,619,5312024

Highlighted filing

2020

Assets$1,010,912
Liabilities$0
Net Assets$1,010,912

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $0Expenses 2015: $9,704Net Income 2015: -$9,7042015Revenue 2016: $38,600Expenses 2016: $40,670Net Income 2016: -$2,0702016Revenue 2017: $78,500Expenses 2017: $67,130Net Income 2017: $11,3702017Revenue 2018: $50,970Expenses 2018: $59,667Net Income 2018: -$8,6972018Revenue 2019: $712,085Expenses 2019: $116,194Net Income 2019: $595,8912019Revenue 2020: $685,000Expenses 2020: $257,886Net Income 2020: $427,1142020Revenue 2021: $1,230,000Expenses 2021: $243,605Net Income 2021: $986,3952021Revenue 2022: $18,100Expenses 2022: $299,284Net Income 2022: -$281,1842022Revenue 2023: $375,237Expenses 2023: $260,719Net Income 2023: $114,5182023Revenue 2024: $58,166Expenses 2024: $269,717Net Income 2024: -$211,5512024

Highlighted filing

2020

Revenue$685,000
Expenses$257,886
Net Income$427,114
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 16, 2022
Return Version
2020v4.1
Gross Receipts
$685,000
Mission and Program Overview

Mission

To create educational materials for presentations at events, conferences and community gatherings to promote environmental conservation practices. To advance the process of optimization and best use of natural resources. To promote the protection of endangered species and natural ecosystems. Conduct video and photo documentation of nature, wildlife and natural environment to create materials designed to educate the public about the need to preserve species and biodiversity.

To create educational materials for presentation at events, conferences, and community gatherings to promote environmental conservation practices (continued on schedule o, statement 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$662,325$946,000▲ $283,675
Loans From Officers Directors$78,583--
Land, Buildings, and Equipment, Net-$43,624-
Accounts Receivable-$20,550-
Receivables From Officers Etc-$738-
Total Assets$662,325$1,010,912▲ $348,587
Liabilities
Total Liabilities$78,583$0▼ $78,583
Net Assets / Fund Balance
Total Net Assets Fund Balance$583,742$1,010,912▲ $427,170
Total Liabilities and Net Assets / Fund Balance$662,325$1,010,912▲ $348,587

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,624-$43,624
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael BaileySecretaryFT$13,511$13,511

Board Members and Trustees

NameTitle
Richard StancliffPresident
Harvey ArkinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$685,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$685,000
Change in Net Assets
$427,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,375
Total Fundraising Expense$43,955
Salaries, Compensation, and Employee Benefits$13,511
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$39,345$6,590$5,338$51,273
Other Expenses$33,976--$33,976
Occupancy$17,888$15,480-$33,368
Fees for Services Legal--$32,522$32,522
Travel$16,694$3,187$3,107$22,988
Fees for Services Accounting-$13,551-$13,551
Current Officers, Directors, Trustees, and Key Employees$6,957$6,554-$13,511
Fees for Services Other$2,242$1,859$300$4,401
Information Technology-$2,923-$2,923
Insurance-$2,826-$2,826
Conferences and Meetings$26$75$2,688$2,789
Advertising$1,018--$1,018
Total Functional Expenses$160,886$53,045$43,955$257,886
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$78,583--
Receivables from Officers, Directors, Trustees, and Key Employees-$738-
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
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

In keeping with the conflict of interest policy adopted and implemented by the WorldOpt Institute an interested person must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the governing board of directors. After disclosure of pertinent information, the board members decide if a conflict of interest exists. Outside experts and legal advisors may be used to help with any such review. If a more advantageous transaction or arrangement is not reasonably possible the governing board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest and whether it is fair and reasonable. To ensure thE CORPORATION OPERATES IN A MANNER consistent with the charitable purposes periodic reviews shall be conducted and include the following SUBJECTS: * Whether compensation arrangements and benefits are reasonable, based upon competent survey information and the RESULT OF ARM'S LENGTH BARGAINING. * WHETHER such conform to the corporation's written policies and reflect reasonable investment or payments FOR GOODS AND SERVICES.

Filing and Contact Details

Filer

Filer Name
Worldopt Institute Inc
EIN
46-1525355
Phone
8083218983
Address
758 KAPAHULU AVENUE SUITE 100, Honolulu, HI 96816

Signing Officer

Name
Michael Bailey
Title
Director
Phone
8083218983
Signed
2022-04-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Michael Bailey
Formed
2012
Legal Domicile
Hi
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
3

Preparer

Firm
Block Advisors
Address
1585 KAPIOLANI BLVD STE 722, HONOLULU, HI 96814
Preparer
Tao Jiang
Phone
8089550120
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Mission Statement (continued)

TO ADVANCE THE PROCESS OF optimization and best use of natural resources to promote the protection of endangered species and natural ecosystems conduct video and photo documentation of nature, wildlife and natural environment to create materials designed to educate the public about the need to preserve species and biodiversity

Form 990, Part III, Line 1, Mission Statement (continued)

to environmental and/or sociaL sustainability. 2. Working to evolve a twenty first century technology enabled network of individuals and non-governmentaL organizations sufficient to enhance the development of agreement and consesnus on education and values appropriate to environmental and social sustainability to include developing predictive models for sustainability. The above generalities may specifically include advocacy in the following arenas A. Transparency and Accountability B. Economic and Financial C. World Peace and Conflict REsolution D. Ethics and Human Rights E. Climate and Biodiversity F. Education and SocIAL Sustainability G. Resources and Agriculture

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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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0RICHARD STANCLIFF AME
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD OF DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In keeping with the conflict of interest policy adopted and implemented by the WorldOpt Institute an interested person must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the governing board of directors. After disclosure of pertinent information, the board members decide if a conflict of interest exists. Outside experts and legal advisors may be used to help with any such review. If a more advantageous transaction or arrangement is not reasonably possible the governing board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest and whether it is fair and reasonable. To ensure thE CORPORATION OPERATES IN A MANNER consistent with the charitable purposes periodic reviews shall be conducted and include the following SUBJECTS: * Whether compensation arrangements and benefits are reasonable, based upon competent survey information and the RESULT OF ARM'S LENGTH BARGAINING. * WHETHER such conform to the corporation's written policies and reflect reasonable investment or payments FOR GOODS AND SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ADVANCE THE PROCESS OF optimization and best use of natural resources to promote the protection of endangered species and natural ecosystems conduct video and photo documentation of nature, wildlife and natural environment to create materials designed to educate the public about the need to preserve species and biodiversity
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2to environmental and/or sociaL sustainability. 2. Working to evolve a twenty first century technology enabled network of individuals and non-governmentaL organizations sufficient to enhance the development of agreement and consesnus on education and values appropriate to environmental and social sustainability to include developing predictive models for sustainability. The above generalities may specifically include advocacy in the following arenas A. Transparency and Accountability B. Economic and Financial C. World Peace and Conflict REsolution D. Ethics and Human Rights E. Climate and Biodiversity F. Education and SocIAL Sustainability G. Resources and Agriculture
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART I, LINE 1, MISSION STATEMENT (CONTINUED)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART III, LINE 1, MISSION STATEMENT (CONTINUED)
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IRS990/USAddress/AddressLine1Txt0758 KAPAHULU AVE SUITE 100-1147
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IRS990/USAddress/ZIPCd096816
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ReasonableCauseExplanation/ExplanationTxt0The end of year 2020 proved to be quite challenging as COVID19 created restrictions on groups of people getting together for work. Therefore, it took some time to gather the necessary receipts and proof of purchase from service and equipment providers.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08083218983
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLDOPT INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0WORO
ReturnHeader/Filer/EIN0461525355
ReturnHeader/Filer/PhoneNum08083218983
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Block Advisors
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01585 KAPIOLANI BLVD STE 722
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HONOLULU
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0HI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd096814
ReturnHeader/PreparerPersonGrp/PhoneNum08089550120
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tao Jiang
ReturnHeader/ReturnTs02022-04-17T02:05:37Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAILEY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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