Civic Intelligence

Charitystrong Inc

990 • Fiscal year 2017 • EIN 46-4094066

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

315 W 36th SstreetNew York, NY 10018

(212) 447-1236

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.01x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$92,792

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 45.8% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

18th percentile

-25%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

-4.9%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$124,396

Down $41,259 (-25%) from 2016

Net Assets

Down

$121,434

Down $24,336 (-17%) from 2016

Liabilities

Down

$2,962

Down $16,923 (-85%) from 2016

Revenue

Down

$202,615

Down $10,465 (-4.9%) from 2016

Expenses

Down

$226,951

Down $22,543 (-9.0%) from 2016

Net Income

Up

-$24,336

Up $12,078 (+33%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $178,877Liabilities 2014: $15,118Net Assets 2014: $163,7592014Assets 2015: $211,115Liabilities 2015: $25,931Net Assets 2015: $185,1842015Assets 2016: $165,655Liabilities 2016: $19,885Net Assets 2016: $145,7702016Assets 2017: $124,396Liabilities 2017: $2,962Net Assets 2017: $121,4342017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$124,396
Liabilities$2,962
Net Assets$121,434

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2014: $265,146Expenses 2014: $105,137Net Income 2014: $160,0092014Revenue 2015: $211,475Expenses 2015: $189,300Net Income 2015: $22,1752015Revenue 2016: $213,080Expenses 2016: $249,494Net Income 2016: -$36,4142016Revenue 2017: $202,615Expenses 2017: $226,951Net Income 2017: -$24,3362017Revenue 2018: $300Expenses 2018: $78,455Net Income 2018: -$78,1552018

Highlighted filing

2017

Revenue$202,615
Expenses$226,951
Net Income-$24,336
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$202,615
Mission and Program Overview

Mission

Charitystrong inc.'s mission is to assist public charities in achieving the highest standards of board leadership, governance, and oversight. For more information, see schedule o.

Charitystrong inc's mission is to assist public charities in achieving the highest standards of board leadership, governance, and oversight. The organization works to fulfill this mission through a director recruitment program that will help produce a broader and more diverse talent pool of directors to serve on boards of 501(c)(3) public charities and assisting nonprofit board members in developing the skills necessary to fulfill their responsibilities by providing good governance instruction and access to governance resources. Programs commenced operations in september 2016.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$150,408$106,953▼ $43,455
Prepaid Expenses and Deferred Charges$14,997$17,443▲ $2,446
Pledges and Grants Receivable$250--
Total Assets$165,655$124,396▼ $41,259
Liabilities
Accounts Payable and Accrued Expenses$19,885$2,962▼ $16,923
Total Liabilities$19,885$2,962▼ $16,923
Net Assets / Fund Balance
Temporarily Rstr Net Assets$105,894$103,835▼ $2,059
Unrestricted Net Assets$39,876$17,599▼ $22,277
Total Net Assets Fund Balance$145,770$121,434▼ $24,336
Total Liabilities and Net Assets / Fund Balance$165,655$124,396▼ $41,259
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura Colin KleinExec DirectoFT$92,792$92,792

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$202,615
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$202,615
Change in Net Assets
$-24,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,930
Other Expenses$47,021
Total Fundraising Expense$9,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$80,079$7,795$4,918$92,792
Other Salaries and Wages$62,819$6,115$3,858$72,792
Payroll Taxes$12,512$1,079$755$14,346
Occupancy$9,000--$9,000
Fees for Services Other$6,750$88-$6,838
Insurance$4,854$76$48$4,978
Office Expenses$2,605--$2,605
Travel$1,353$277-$1,630
Advertising$777--$777
Conferences and Meetings$370$76-$446
Other Expenses$97--$97
Total Functional Expenses$201,866$15,506$9,579$226,951
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
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
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

The organization's accounting team and independent accounting firm prepared a draft of the form 990, which was sent to the board to review and approve prior to its filing.

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

Conflict of interest disclosure statement is furnished annually to each director, officer, and key employee of the organization. The disclosure is reviewed annually by the chair of the audit committee or the chair of the board. A member of the governing body who has a conflict is required to disclose promptly and recuse himself or herself from any voting relating to such conflict.

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

The organization does not compensate its chairperson (i.e. The top management official) or other non-employee officers. In 2016, the organization employed an executive director. All board members voted and decided on the executive director's compensation based on an analysis of comparable organizations.

Form 990, Page 6, Part VI, Line 19

All governing documents, the conflict of interest policy, the record retention and destruction policy and the financial statements are stored in the accounting office. The organization will provide copies upon request in a timely manner.

Filing and Contact Details

Filer

Filer Name
Charitystrong Inc
EIN
46-4094066
Phone
2124471236
Address
315 W 36TH SSTREET, NEW YORK, NY 10018

Signing Officer

Name
William D Sauer
Title
CEO
Phone
2124471236
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William D Sauer
Formed
2013
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
11

Preparer

Firm
Cusack & Company Cpas LLC
Address
7 AIRPORT PARK BLVD, LATHAM, NY 12110
Preparer
James M Cusack CPA
Phone
5187863550
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Charitystrong inc's mission is to assist public charities in achieving the highest standards of board leadership, governance, and oversight. The organization works to fulfill this mission through a director recruitment program that will help produce a broader and more diverse talent pool of directors to serve on boards of 501(c)(3) public charities and assisting nonprofit board members in developing the skills necessary to fulfill their responsibilities by providing good governance instruction and access to governance resources. Programs commenced operations in september 2016.

Form 990, Page 2, Part III, Line 4A

With extensive material concerning best practices for boards of directors of public charities and laws and regulations applicable to these organizations. There is an emphasis on new york state. Directors u houses a short online core course on governance that is required for director candidates and strongly encouraged for sitting board members at charities that are using the onboard program. Information will be responsive to various levels of experience, including introductory material for new directors as well as advanced topics for experienced directors. Both programs are accessible through charitystrong's website at www.charitystrong.org. The homepage of the website includes a calendar of governance training opportunities in new york state.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARITYSTRONG INC'S MISSION IS TO ASSIST PUBLIC CHARITIES IN ACHIEVING THE HIGHEST STANDARDS OF BOARD LEADERSHIP, GOVERNANCE, AND OVERSIGHT. THE ORGANIZATION WORKS TO FULFILL THIS MISSION THROUGH A DIRECTOR RECRUITMENT PROGRAM THAT WILL HELP PRODUCE A BROADER AND MORE DIVERSE TALENT POOL OF DIRECTORS TO SERVE ON BOARDS OF 501(C)(3) PUBLIC CHARITIES AND ASSISTING NONPROFIT BOARD MEMBERS IN DEVELOPING THE SKILLS NECESSARY TO FULFILL THEIR RESPONSIBILITIES BY PROVIDING GOOD GOVERNANCE INSTRUCTION AND ACCESS TO GOVERNANCE RESOURCES. PROGRAMS COMMENCED OPERATIONS IN SEPTEMBER 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WITH EXTENSIVE MATERIAL CONCERNING BEST PRACTICES FOR BOARDS OF DIRECTORS OF PUBLIC CHARITIES AND LAWS AND REGULATIONS APPLICABLE TO THESE ORGANIZATIONS. THERE IS AN EMPHASIS ON NEW YORK STATE. DIRECTORS U HOUSES A SHORT ONLINE CORE COURSE ON GOVERNANCE THAT IS REQUIRED FOR DIRECTOR CANDIDATES AND STRONGLY ENCOURAGED FOR SITTING BOARD MEMBERS AT CHARITIES THAT ARE USING THE ONBOARD PROGRAM. INFORMATION WILL BE RESPONSIVE TO VARIOUS LEVELS OF EXPERIENCE, INCLUDING INTRODUCTORY MATERIAL FOR NEW DIRECTORS AS WELL AS ADVANCED TOPICS FOR EXPERIENCED DIRECTORS. BOTH PROGRAMS ARE ACCESSIBLE THROUGH CHARITYSTRONG'S WEBSITE AT WWW.CHARITYSTRONG.ORG. THE HOMEPAGE OF THE WEBSITE INCLUDES A CALENDAR OF GOVERNANCE TRAINING OPPORTUNITIES IN NEW YORK STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S ACCOUNTING TEAM AND INDEPENDENT ACCOUNTING FIRM PREPARED A DRAFT OF THE FORM 990, WHICH WAS SENT TO THE BOARD TO REVIEW AND APPROVE PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST DISCLOSURE STATEMENT IS FURNISHED ANNUALLY TO EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE OF THE ORGANIZATION. THE DISCLOSURE IS REVIEWED ANNUALLY BY THE CHAIR OF THE AUDIT COMMITTEE OR THE CHAIR OF THE BOARD. A MEMBER OF THE GOVERNING BODY WHO HAS A CONFLICT IS REQUIRED TO DISCLOSE PROMPTLY AND RECUSE HIMSELF OR HERSELF FROM ANY VOTING RELATING TO SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT COMPENSATE ITS CHAIRPERSON (I.E. THE TOP MANAGEMENT OFFICIAL) OR OTHER NON-EMPLOYEE OFFICERS. IN 2016, THE ORGANIZATION EMPLOYED AN EXECUTIVE DIRECTOR. ALL BOARD MEMBERS VOTED AND DECIDED ON THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON AN ANALYSIS OF COMPARABLE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, THE RECORD RETENTION AND DESTRUCTION POLICY AND THE FINANCIAL STATEMENTS ARE STORED IN THE ACCOUNTING OFFICE. THE ORGANIZATION WILL PROVIDE COPIES UPON REQUEST IN A TIMELY MANNER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARITYSTRONG INC
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ReturnHeader/Filer/USAddress/CityNm0NEW YORK
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.0.141.34
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:20:59
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CUSACK & COMPANY CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 AIRPORT PARK BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LATHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012110
ReturnHeader/PreparerPersonGrp/PhoneNum05187863550
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES M CUSACK CPA
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ReturnHeader/ReturnTs02018-11-15T11:20:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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