Civic Intelligence

Eworks Electronics Services Inc.

990 • Fiscal year 2016 • EIN 46-3300410

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

230 Hanse AveFreeport, NY 11520

(516) 801-4864

Siviq Scores

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

Liabilities / Assets

87th percentile

0.91x

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

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

82nd percentile

0.84x

Higher debt load relative to revenue than 82% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Net Margin

17th percentile

-7.7%

Higher net margin than 17% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$193,657

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2016 filings • NTEE P • $5M-$10M nonprofits • Source year 2016

Asset Growth

53rd percentile

1.4%

Faster asset growth than 53% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

14th percentile

-15%

Faster revenue growth than 14% of similar nonprofits.

2016 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$5,729,155

Up $78,071 (+1.4%) from 2015

Net Assets

Down

$490,974

Down $477,419 (-49%) from 2015

Liabilities

Up

$5,238,181

Up $555,490 (+12%) from 2015

Revenue

Down

$6,199,234

Down $1,106,736 (-15%) from 2015

Expenses

Down

$6,676,653

Down $924,844 (-12%) from 2015

Net Income

Down

-$477,419

Down $181,892 (-62%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2014: $4,094,953Liabilities 2014: $2,831,033Net Assets 2014: $1,263,9202014Assets 2015: $5,651,084Liabilities 2015: $4,682,691Net Assets 2015: $968,3932015Assets 2016: $5,729,155Liabilities 2016: $5,238,181Net Assets 2016: $490,9742016Assets 2017: $5,075,321Liabilities 2017: $5,210,336Net Assets 2017: -$135,0152017Assets 2018: $2,597,511Liabilities 2018: $5,269,275Net Assets 2018: -$2,671,7642018Assets 2019: $2,246,834Liabilities 2019: $4,891,528Net Assets 2019: -$2,644,6942019Assets 2020: $2,303,079Liabilities 2020: $4,918,005Net Assets 2020: -$2,614,9262020Assets 2021: $2,621,368Liabilities 2021: $4,644,499Net Assets 2021: -$2,023,1312021Assets 2022: $3,107,878Liabilities 2022: $4,504,857Net Assets 2022: -$1,396,9792022Assets 2023: $4,169,435Liabilities 2023: $5,251,673Net Assets 2023: -$1,082,2382023Assets 2024: $3,354,673Liabilities 2024: $4,221,120Net Assets 2024: -$866,4472024

Highlighted filing

2016

Assets$5,729,155
Liabilities$5,238,181
Net Assets$490,974

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $7,261,731Expenses 2014: $6,997,811Net Income 2014: $263,9202014Revenue 2015: $7,305,970Expenses 2015: $7,601,497Net Income 2015: -$295,5272015Revenue 2016: $6,199,234Expenses 2016: $6,676,653Net Income 2016: -$477,4192016Revenue 2017: $4,314,172Expenses 2017: $4,940,161Net Income 2017: -$625,9892017Revenue 2018: $4,303,921Expenses 2018: $4,521,624Net Income 2018: -$217,7032018Revenue 2019: $4,312,519Expenses 2019: $4,285,449Net Income 2019: $27,0702019Revenue 2020: $3,872,712Expenses 2020: $3,842,944Net Income 2020: $29,7682020Revenue 2021: $5,166,871Expenses 2021: $4,611,191Net Income 2021: $555,6802021Revenue 2022: $6,335,960Expenses 2022: $5,685,121Net Income 2022: $650,8392022Revenue 2023: $4,886,056Expenses 2023: $4,571,315Net Income 2023: $314,7412023Revenue 2024: $5,115,278Expenses 2024: $4,899,487Net Income 2024: $215,7912024

Highlighted filing

2016

Revenue$6,199,234
Expenses$6,676,653
Net Income-$477,419
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$6,199,234
Mission and Program Overview

Mission

Established to create employment opportunities for people with disabilities. Eworks achieves this mission by providing competitive recycling, refurbishment and resale services of all types of office and industrial technologies and consumer electronics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$4,857,126$4,764,681▼ $92,445
Accounts Receivable$657,265$833,474▲ $176,209
Land, Buildings, and Equipment, Net$58,816$35,290▼ $23,526
Savings and Temporary Cash Investments$59,800$12,115▼ $47,685
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$5,651,084$5,729,155▲ $78,071
Other Assets Total$18,077$83,595▲ $65,518
Liabilities
Other Liabilities$3,223,181$4,091,824▲ $868,643
Accounts Payable and Accrued Expenses$1,459,510$1,146,357▼ $313,153
Total Liabilities$4,682,691$5,238,181▲ $555,490
Net Assets / Fund Balance
Unrestricted Net Assets$968,393$490,974▼ $477,419
Total Net Assets Fund Balance$968,393$490,974▼ $477,419
Total Liabilities and Net Assets / Fund Balance$5,651,084$5,729,155▲ $78,071

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,290$47,922$83,212
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
R Mark WilkinsCEO-$193,657$193,657
Louis FydaVice PresidentFT$110,406$110,406

Board Members and Trustees

NameTitle
Marc BlitsteinVice Chairman
Howard JuristMember
John MachMember
Michael RossMember
Lloyd GrovemanSecretary
Kenneth WalkerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tumalo CreekTransportation6109 BLUE CIRCLE DRIVE, Minnetonka, MN 55343$162,966
Jka LogisticsTransportation10077 GROGANS MILL RD 150, The Woodlands, TX 77380$146,418
Elite StaffingTemporary LaborPO BOX 87618, Chicago, IL 60680$132,547
Cognition Systems LLCTemporary Labor28 MARHESI DR, Lawrenceville, NJ 08648$93,612
PaychexPayroll Processing911 PANORAMA TRAIL S, Rochester, NY 14625$77,365
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,199,234
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-477,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,199,234
Total Revenue per Audited Statements
$6,199,234
Total Revenue per Form 990
$6,199,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,735,417
Salaries, Compensation, and Employee Benefits$941,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,261,966$57,808-$1,319,774
Other Expenses$532,141--$532,141
Other Salaries and Wages$229,239$152,825-$382,064
Payroll Taxes$219,309$146,206-$365,515
Occupancy$259,465$28,830-$288,295
Current Officers, Directors, Trustees, and Key Employees$116,194$77,463-$193,657
Fees for Services Other-$180,392-$180,392
Insurance-$166,519-$166,519
Travel-$55,816-$55,816
Interest-$51,945-$51,945
Depreciation Depletion$14,116$9,410-$23,526
Office Expenses-$20,356-$20,356
Fees for Services Accounting-$18,892-$18,892
Information Technology-$10,897-$10,897
Fees for Services Legal-$10,482-$10,482
Advertising-$3,942-$3,942
Total Functional Expenses$5,684,870$991,783$0$6,676,653

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,676,653
Total Expenses per Audited Statements$6,676,653
Total Expenses per Form 990$6,676,653
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable to Related Parties$2,112,724
Line of Credit Payable$1,454,268
Other Current Liabilities$336,401
Comcast Escrow Payable$112,134
Deferred Rent$76,297
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Line 6: Explanation of Classes of Members or Shareholder

There are two members: nassau county ahrc foundation, inc. And suffolk ahrc, inc.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 was sent to the board for review. Upon approval a waiver is signed authorizing the electronic submission of the form.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board monitors the conflict of interest policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The eworks board does a compensation review of the ceo.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The eworks board does a compensation review of the key employees.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request governing documents, policies and financial statements are made available to the public.

Filing and Contact Details

Filer

Filer Name
Eworks Electronics Services Inc
EIN
46-3300410
Phone
5168014864
Address
230 HANSE AVE, FREEPORT, NY 11520

Signing Officer

Name
R Mark Wilkins
Title
CEO
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
110

Preparer

Firm
Wagner & Zwerman LLP
Address
201 Old Country Road Ste 202, Melville, NY 11747-2731
Preparer
Andrew M Zwerman CPA
Phone
6317771000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

AGENCY SALES SUPPORT: Column (A) - Total = $73; Column (B) - Program Services = $73; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

AUDIT SERVICE PENALTY FEES: Column (A) - Total = $983; Column (B) - Program Services = $983; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

AUTOMOBILE EXPENSES: Column (A) - Total = $15317; Column (B) - Program Services = $0; Column (C) - Management & General = $15317; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

COMMISSIONS: Column (A) - Total = $3809; Column (B) - Program Services = $3809; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DONATIONS: Column (A) - Total = $4500; Column (B) - Program Services = $0; Column (C) - Management & General = $4500; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

DUES & SUBSCRIPTIONS: Column (A) - Total = $4448; Column (B) - Program Services = $0; Column (C) - Management & General = $4448; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

EQUIPMENT RENTAL: Column (A) - Total = $92516; Column (B) - Program Services = $92516; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FACILITY EXPENSES & UTILITIES: Column (A) - Total = $89585; Column (B) - Program Services = $80626; Column (C) - Management & General = $8959; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

HANDLING/PROCESSING CHARGES: Column (A) - Total = $104809; Column (B) - Program Services = $104809; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OUTSIDE SERVICES: Column (A) - Total = $241761; Column (B) - Program Services = $241761; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $1043; Column (B) - Program Services = $0; Column (C) - Management & General = $1043; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

RECYCLING FEES: Column (A) - Total = $71797; Column (B) - Program Services = $71797; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SERVICE CHARGES: Column (A) - Total = $8656; Column (B) - Program Services = $0; Column (C) - Management & General = $8656; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SETTLEMENT: Column (A) - Total = $14885; Column (B) - Program Services = $0; Column (C) - Management & General = $14885; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SOURCE SHARE MATERIALS PURCHAS: Column (A) - Total = $289518; Column (B) - Program Services = $289518; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

STORAGE: Column (A) - Total = $235683; Column (B) - Program Services = $235683; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TOOLS & SHOP EXPENSES: Column (A) - Total = $53331; Column (B) - Program Services = $53331; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TRAILER RENTALS: Column (A) - Total = $87060; Column (B) - Program Services = $87060; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Financial Statement Notes

Part X : FIN48 Footnote

Management has analyzed the tax positions taken by the organization and has concluded that as of december 31, 2016 there are no known uncertain postiions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2016 THERE ARE NO KNOWN UNCERTAIN POSTIIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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