Civic Intelligence

IT Takes Philly Encouraging and Empowering Our Children to Aim Hig

990 • Fiscal year 2022 • EIN 46-2705205

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

419 Johnson StJenkintown, PA 19046

(215) 219-5950

Siviq Scores

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

Liabilities / Assets

67th percentile

0.19x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

42nd percentile

2.9%

Higher net margin than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

49%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-34%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,334,571

Up $770,510 (+49%) from 2021

Net Assets

Up

$1,893,498

Up $676,920 (+56%) from 2021

Liabilities

Up

$441,073

Up $93,590 (+27%) from 2021

Revenue

Down

$3,020,450

Down $1,554,960 (-34%) from 2021

Expenses

Down

$2,931,962

Down $1,845,289 (-39%) from 2021

Net Income

Up

$88,488

Up $290,329 (+144%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $1,820,053Liabilities 2020: $401,634Net Assets 2020: $1,418,4192020Assets 2021: $1,564,061Liabilities 2021: $347,483Net Assets 2021: $1,216,5782021Assets 2022: $2,334,571Liabilities 2022: $441,073Net Assets 2022: $1,893,4982022Assets 2023: $2,569,872Liabilities 2023: $172,465Net Assets 2023: $2,397,4072023Assets 2024: $3,347,060Liabilities 2024: $393,333Net Assets 2024: $2,953,7272024

Highlighted filing

2022

Assets$2,334,571
Liabilities$441,073
Net Assets$1,893,498

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $3,059,274Expenses 2020: $1,640,855Net Income 2020: $1,418,4192020Revenue 2021: $4,575,410Expenses 2021: $4,777,251Net Income 2021: -$201,8412021Revenue 2022: $3,020,450Expenses 2022: $2,931,962Net Income 2022: $88,4882022Revenue 2023: $2,869,622Expenses 2023: $2,803,264Net Income 2023: $66,3582023Revenue 2024: $2,198,014Expenses 2024: $1,641,694Net Income 2024: $556,3202024

Highlighted filing

2022

Revenue$3,020,450
Expenses$2,931,962
Net Income$88,488
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$3,020,450
Mission and Program Overview

Mission

To Provide Education and consulting to underserved communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$41,668$1,338,959▲ $1,297,291
Accounts Receivable$1,514,206$616,313▼ $897,893
Land, Buildings, and Equipment, Net-$345,696-
Prepaid Expenses and Deferred Charges$8,187$19,719▲ $11,532
Inventories for Sale or Use-$13,884-
Total Assets$1,564,061$2,334,571▲ $770,510
Liabilities
Unsecured Notes Loans Payable-$260,000-
Accounts Payable and Accrued Expenses$153,879$142,243▼ $11,636
Other Liabilities$193,604$38,830▼ $154,774
Total Liabilities$347,483$441,073▲ $93,590
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,216,578$1,893,498▲ $676,920
Total Net Assets Fund Balance$1,216,578$1,893,498▲ $676,920
Total Liabilities and Net Assets / Fund Balance$1,564,061$2,334,571▲ $770,510

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$275,723-$275,723
Equipment$-644$119,846$119,202
Other Land Buildings$70,617-$70,617
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ala StanfordOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,020,450
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,020,450
Change in Net Assets
$88,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,712,245
Salaries, Compensation, and Employee Benefits$1,219,717
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,032,727$4,789-$1,037,516
Other Salaries and Wages$741,520$107,783-$849,303
Current Officers, Directors, Trustees, and Key Employees$211,343$64,228-$275,571
All Other Expenses$144,950$35,067-$180,017
Occupancy$131,816--$131,816
Advertising$71,904$23,034-$94,938
Payroll Taxes$94,843--$94,843
Information Technology$66,410--$66,410
Office Expenses-$55,225-$55,225
Insurance$7,738$46,763-$54,501
Depreciation Depletion$14,823$31,407-$46,230
Other Expenses$19,181--$19,181
Fees for Services Accounting-$14,887-$14,887
Travel-$7,152-$7,152
Fees for Services Legal-$4,372-$4,372
Total Functional Expenses$2,537,255$394,707$0$2,931,962
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
payroll Taxes Payable$29,148
Other Liabilities$9,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

Entity created a new program for the Covid-19 Pandemic

CEO executive director top management comp Part VI line 15A

Industry standard

Other officer or key employee compensation Part VI line 15B

industry standard

Form 990 availability to public Part VI line 18

Not Applicable

Governing documents etc available to public Part VI line 19

Website

Filing and Contact Details

Filer

Filer Name
It Takes Philly
EIN
46-2705205
Address
419 JOHNSON ST, Jenkintown, PA 19046

Signing Officer

Name
Byron Drayton
Title
officer
Phone
2158178683
Signed
2023-11-01
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Pa
Voting Board Members
4
Independent Board Members
4
Employees
21

Preparer

Firm
Integrity Acctg&Bus Consulting LLC
Address
PO Box 626, Somerdale, NJ 08083
Preparer
Byron Drayton CPA
Phone
2152195950
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Awarded Grants, not received

List of other fees for services expenses Part IX line 11G

See Attachment in return

List of other expenses Part IX line 24E

See Attachment

Raw XML Appendix346 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7See Attachment
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01564061
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02334571
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07152
IRS990/TravelGrp/TotalAmt07152
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0260000
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Byron Drayton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0officer
ReturnHeader/BusinessOfficerGrp/PhoneNum02158178683
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IT TAKES PHILLY
ReturnHeader/Filer/BusinessNameControlTxt0ITTA
ReturnHeader/Filer/EIN0462705205
ReturnHeader/Filer/USAddress/AddressLine1Txt0419 JOHNSON ST
ReturnHeader/Filer/USAddress/CityNm0Jenkintown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019046
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0451135025
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Integrity Acctg&Bus Consulting LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 626
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Somerdale
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008083
ReturnHeader/PreparerPersonGrp/PhoneNum02152195950
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Byron Drayton CPA
ReturnHeader/ReturnTs02023-11-13T23:11:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Byron
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Drayton
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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