Civic Intelligence

Marshallese Educational Initiative Inc.

990 • Fiscal year 2023 • EIN 46-3148318

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

614 E Emma Ave Ste 203Springdale, AR 72764

(479) 422-3284

Siviq Scores

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

Liabilities / Assets

67th percentile

0.09x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

71st percentile

18%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

94th percentile

105%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

18%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$259,792

Up $133,233 (+105%) from 2022

Net Assets

Up

$235,820

Up $121,636 (+107%) from 2022

Liabilities

Up

$23,972

Up $11,597 (+94%) from 2022

Revenue

Up

$752,241

Up $115,835 (+18%) from 2022

Expenses

Down

$619,216

Down $4,312 (-0.7%) from 2022

Net Income

Up

$133,025

Up $120,147 (+933%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2018: $14,548Liabilities 2018: $0Net Assets 2018: $14,5482018Assets 2019: $257,520Liabilities 2019: $242,179Net Assets 2019: $15,3412019Assets 2020: $170,070Liabilities 2020: $29,400Net Assets 2020: $140,6702020Assets 2021: $113,208Liabilities 2021: $11,260Net Assets 2021: $101,9482021Assets 2022: $126,559Liabilities 2022: $12,375Net Assets 2022: $114,1842022Assets 2023: $259,792Liabilities 2023: $23,972Net Assets 2023: $235,8202023

Highlighted filing

2023

Assets$259,792
Liabilities$23,972
Net Assets$235,820

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2018: $100,444Expenses 2018: $88,905Net Income 2018: $11,5392018Revenue 2019: $279,408Expenses 2019: $278,615Net Income 2019: $7932019Revenue 2020: $742,241Expenses 2020: $614,261Net Income 2020: $127,9802020Revenue 2021: $709,160Expenses 2021: $744,881Net Income 2021: -$35,7212021Revenue 2022: $636,406Expenses 2022: $623,528Net Income 2022: $12,8782022Revenue 2023: $752,241Expenses 2023: $619,216Net Income 2023: $133,0252023

Highlighted filing

2023

Revenue$752,241
Expenses$619,216
Net Income$133,025
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$752,241
Mission and Program Overview

Mission

Through educational programming, MEI promotes the cultural, intellectual, and historical awareness of the Marshallese people and facilitates intercultural dialogue to foster positive social change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$15,762$199,635▲ $183,873
Accounts Receivable$109,723$53,241▼ $56,482
Land, Buildings, and Equipment, Net-$4,171-
Intangible Assets-$2,745-
Savings and Temporary Cash Investments$1,074--
Total Assets$126,559$259,792▲ $133,233
Liabilities
Accounts Payable and Accrued Expenses$6,976$21,226▲ $14,250
Other Liabilities$5,399$2,746▼ $2,653
Total Liabilities$12,375$23,972▲ $11,597
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$114,184$235,820▲ $121,636
Total Net Assets Fund Balance$114,184$235,820▲ $121,636
Total Liabilities and Net Assets / Fund Balance$126,559$259,792▲ $133,233

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,171$1,163$5,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lori WilliamsonPresident
Paul SwingtonDirector
Wana BingDirector
April BrownCOO
Sevin GalloSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$594,329
Program Service Revenue
$149,008
Investment Income
$2,226
Other Revenue
$6,678
All Other Contributions
$594,329
Change in Net Assets
$133,025
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$341,117
Salaries, Compensation, and Employee Benefits$278,099
Total Fundraising Expense$3,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$244,900--$244,900
Travel$73,584--$73,584
All Other Expenses$25,709$9,243-$34,952
Payroll Taxes$18,435--$18,435
Other Employee Benefits$14,764--$14,764
Other Expenses$16,028$14,165$3,347$14,165
Fees for Services Accounting$2,700$5,070-$7,770
Office Expenses-$7,103-$7,103
Occupancy-$7,033-$7,033
Insurance-$3,517-$3,517
Advertising$1,306-$198$1,504
Depreciation Depletion$470--$470
Interest-$81-$81
Total Functional Expenses$546,030$69,641$3,545$619,216
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
Rou Liability$2,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

A signed conflict of interest statement affirming compliance with the provisions of the conflict of interest policy is mandated annually for all directors and staff members. Directors are required to declare conflicts on both board and committee meetings. Both potential and actual conflicts are contemporaneously documented in meeting minutes.

Form 990, Page 6, Part VI, Line 15A

The board determines reasonable compensation based upon compensation paid by similiarly situated public benefit corporations for like services. The board may rely upon salary studies, as well as data regarding compensation paid by at least three specific peer organizations of similar size to determine reasonable compensation. The terms of such compensation, information relied upon to determine the terms of such compensation, and it's source shall be recorded in writing. An individual who is a voting member of the board who receives compensation, directory or indirectly, from the organization for services is precluded from participating in discussion or votes pertaining to their own compensation.

Form 990, Page 6, Part VI, Line 19

The form 990 is made available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Marshallese Educational
EIN
46-3148318
Phone
4794223284
Address
614 E EMMA AVE STE 203, SPRINGDALE, AR 72764

Signing Officer

Name
April Brown
Title
COO
Phone
4794223284
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Williamson
Formed
2014
Legal Domicile
Ar
Voting Board Members
4
Independent Board Members
4
Employees
6

Preparer

Firm
Prz Cpas & Advisors
Address
4200 JENNY LIND RD STE B, FORT SMITH, AR 72901
Preparer
Marc Lux CPA
Phone
4796490888
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior year tax to audit adjustments -11,389

Raw XML Appendix357 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/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A SIGNED CONFLICT OF INTEREST STATEMENT AFFIRMING COMPLIANCE WITH THE PROVISIONS OF THE CONFLICT OF INTEREST POLICY IS MANDATED ANNUALLY FOR ALL DIRECTORS AND STAFF MEMBERS. DIRECTORS ARE REQUIRED TO DECLARE CONFLICTS ON BOTH BOARD AND COMMITTEE MEETINGS. BOTH POTENTIAL AND ACTUAL CONFLICTS ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES REASONABLE COMPENSATION BASED UPON COMPENSATION PAID BY SIMILIARLY SITUATED PUBLIC BENEFIT CORPORATIONS FOR LIKE SERVICES. THE BOARD MAY RELY UPON SALARY STUDIES, AS WELL AS DATA REGARDING COMPENSATION PAID BY AT LEAST THREE SPECIFIC PEER ORGANIZATIONS OF SIMILAR SIZE TO DETERMINE REASONABLE COMPENSATION. THE TERMS OF SUCH COMPENSATION, INFORMATION RELIED UPON TO DETERMINE THE TERMS OF SUCH COMPENSATION, AND IT'S SOURCE SHALL BE RECORDED IN WRITING. AN INDIVIDUAL WHO IS A VOTING MEMBER OF THE BOARD WHO RECEIVES COMPENSATION, DIRECTORY OR INDIRECTLY, FROM THE ORGANIZATION FOR SERVICES IS PRECLUDED FROM PARTICIPATING IN DISCUSSION OR VOTES PERTAINING TO THEIR OWN COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS MADE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR TAX TO AUDIT ADJUSTMENTS -11,389
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TotalProgramServiceExpensesAmt0546030
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IRS990/USAddress/AddressLine1Txt0614 E EMMA AVE STE 203
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0APRIL BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COO
ReturnHeader/BusinessOfficerGrp/PhoneNum04794223284
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MARSHALLESE EDUCATIONAL
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0MARS
ReturnHeader/Filer/EIN0463148318
ReturnHeader/Filer/PhoneNum04794223284
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0843068935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRZ CPAS & ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 JENNY LIND RD STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072901
ReturnHeader/PreparerPersonGrp/PhoneNum04796490888
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARC LUX CPA
ReturnHeader/ReturnTs02024-11-14T10:07:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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