Civic Intelligence

Higher Education Compliance and Management Inc.

990 • Fiscal year 2021 • EIN 46-4350736

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 25, 2022

450 West Kennedy BlvdLakewood, NJ 08701

(732) 660-9090

Siviq Scores

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

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.02x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Net Margin

88th percentile

42%

Higher net margin than 88% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$364,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2021 filings • NTEE B • $5M-$10M nonprofits • Source year 2021

Asset Growth

81st percentile

40%

Faster asset growth than 81% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

56th percentile

13%

Faster revenue growth than 56% of similar nonprofits.

2021 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,594,616

Up $2,439,197 (+40%) from 2020

Net Assets

Up

$8,455,522

Up $2,832,783 (+50%) from 2020

Liabilities

Down

$139,094

Down $393,586 (-74%) from 2020

Revenue

Up

$6,696,408

Up $788,809 (+13%) from 2020

Expenses

Up

$3,863,625

Up $624,428 (+19%) from 2020

Net Income

Up

$2,832,783

Up $164,381 (+6.2%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $551,358Liabilities 2014: $330,998Net Assets 2014: $220,3602014Assets 2015: $1,315,136Liabilities 2015: $294,629Net Assets 2015: $1,020,5072015Assets 2016: $2,160,326Liabilities 2016: $219,632Net Assets 2016: $1,940,6942016Assets 2017: $2,681,222Liabilities 2017: $10,544Net Assets 2017: $2,670,6782017Assets 2018: $2,811,869Liabilities 2018: $69,640Net Assets 2018: $2,742,2292018Assets 2019: $3,115,356Liabilities 2019: $161,019Net Assets 2019: $2,954,3372019Assets 2020: $6,155,419Liabilities 2020: $532,680Net Assets 2020: $5,622,7392020Assets 2021: $8,594,616Liabilities 2021: $139,094Net Assets 2021: $8,455,5222021Assets 2022: $9,679,734Liabilities 2022: $60,339Net Assets 2022: $9,619,3952022Assets 2023: $8,368,425Liabilities 2023: $80,413Net Assets 2023: $8,288,0122023Assets 2024: $7,161,023Liabilities 2024: $14,193Net Assets 2024: $7,146,8302024

Highlighted filing

2021

Assets$8,594,616
Liabilities$139,094
Net Assets$8,455,522

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2014: $1,470,536Expenses 2014: $1,300,176Net Income 2014: $170,3602014Revenue 2015: $2,270,935Expenses 2015: $1,470,788Net Income 2015: $800,1472015Revenue 2016: $2,370,028Expenses 2016: $1,449,841Net Income 2016: $920,1872016Revenue 2017: $2,464,763Expenses 2017: $1,734,779Net Income 2017: $729,9842017Revenue 2018: $2,127,154Expenses 2018: $2,055,603Net Income 2018: $71,5512018Revenue 2019: $2,585,773Expenses 2019: $2,373,665Net Income 2019: $212,1082019Revenue 2020: $5,907,599Expenses 2020: $3,239,197Net Income 2020: $2,668,4022020Revenue 2021: $6,696,408Expenses 2021: $3,863,625Net Income 2021: $2,832,7832021Revenue 2022: $5,378,948Expenses 2022: $4,215,075Net Income 2022: $1,163,8732022Revenue 2023: $4,196,334Expenses 2023: $5,527,717Net Income 2023: -$1,331,3832023Revenue 2024: $323,165Expenses 2024: $1,464,347Net Income 2024: -$1,141,1822024

Highlighted filing

2021

Revenue$6,696,408
Expenses$3,863,625
Net Income$2,832,783
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 25, 2022
Return Version
2021v4.2
Gross Receipts
$6,696,408
Mission and Program Overview

Mission

Assisting s 501(c)(3) institutions of higher education.

Assisting s 501(c)(3) educational institutions

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,622,739$8,455,522▲ $2,832,783
Savings and Temporary Cash Investments$3,788,678$5,416,323▲ $1,627,645
Accounts Receivable$1,569,924$1,855,982▲ $286,058
Cash and Non-Interest-Bearing Accounts$522,621$1,006,955▲ $484,334
Land, Buildings, and Equipment, Net$274,196$315,356▲ $41,160
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,155,419$8,594,616▲ $2,439,197
Liabilities
Other Liabilities$484,172$111,529▼ $372,643
Accounts Payable and Accrued Expenses$48,508$27,565▼ $20,943
Total Liabilities$532,680$139,094▼ $393,586
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,622,739$8,455,522▲ $2,832,783
Total Liabilities and Net Assets / Fund Balance$6,155,419$8,594,616▲ $2,439,197

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$270,213$246,684$516,897
Buildings$32,993$7,911$40,904
Other Land Buildings$12,150$11,032$23,182
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shmuel C WeisbergTrusteeFT$364,000$364,000
Elisa KahanEmployeeFT$214,000$214,000
Moshe Z WeisbergEmployeePT$143,000$143,000
Avrohom Y ZuckermanTrusteePT$37,366$37,366

Board Members and Trustees

NameTitle
Menashe GrossTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,345,657
Investment Income
$21,291
Other Revenue
$329,460
Change in Net Assets
$2,832,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,693,547
Other Expenses$936,118
Grants and Similar Amounts Paid$233,960
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,744,978$193,887-$1,938,865
Current Officers, Directors, Trustees, and Key Employees$361,229$40,137-$401,366
Fees for Services Other$358,625$17,234-$375,859
Grants to Domestic Orgs$233,960--$233,960
Payroll Taxes$165,623$18,403-$184,026
Other Employee Benefits$152,361$16,929-$169,290
Office Expenses$79,140$79,139-$158,279
Depreciation Depletion$59,701$11,771-$71,472
Occupancy$42,399$14,133-$56,532
All Other Expenses-$22,669-$22,669
Other Expenses$14,833$6,482-$6,482
Fees for Services Accounting-$6,000-$6,000
Insurance-$4,297-$4,297
Fees for Services Legal-$2,450-$2,450
Advertising-$2,117-$2,117
Interest-$1,448-$1,448
Total Functional Expenses$3,241,693$621,932$0$3,863,625
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mosdos Yaakov Vyisroel IncLakewood, NJ501 (c)(3)Religious and Educational$228,000
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
Loans$111,529
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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

Trustees review form 990 prior to filing

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Higher Education Compliance and
EIN
46-4350736
Phone
7326609090
Address
450 WEST KENNEDY BLVD, LAKEWOOD, NJ 08701

Signing Officer

Name
Shmuel C Weisberg
Title
Trustee
Phone
7326609090
Signed
2022-11-25

Organization Details

Principal Officer
Shmuel C Weisberg
Formed
2014
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
65
Volunteers
0

Preparer

Firm
Wilschanski & Co
Address
450 WEST KENNEDY BLVD, LAKEWOOD, NJ 08701
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01244570
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01119031
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01257943
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt07470912
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt02424443
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt01424925
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt01244570
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt01119031
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt01257943
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt07470912
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06345657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05883977
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02580623
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02127154
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02464763
IRS990ScheduleA/Total509Grp/TotalAmt019402174
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06366948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05907599
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02585773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02127154
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02464763
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019452237
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt032993
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07911
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt040904
IRS990ScheduleD/EquipmentGrp/BookValueAmt0270213
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0246684
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0516897
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012150
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011032
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023182
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0111529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOANS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0315356
IRS990ScheduleD/TotalLiabilityAmt0111529
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0228000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RELIGIOUS AND EDUCATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MOSDOS YAAKOV VYISROEL INC
IRS990ScheduleI/RecipientTable/RecipientEIN0813738215
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01951 NEW CENTRAL AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKEWOOD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd008701
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0INQUIRY BY BOARD OF TRUSTEES WHETHER THE GRANTEE CONTINUES TO COMPLY WITH STATED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0364000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1214000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHMUEL C WEISBERG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ELISA KAHAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EMPLOYEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0364000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1214000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES REVIEW FORM 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06155419
IRS990/TotalAssetsEOYAmt08594616
IRS990/TotalAssetsGrp/BOYAmt06155419
IRS990/TotalAssetsGrp/EOYAmt08594616
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0621932
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03241693
IRS990/TotalFunctionalExpensesGrp/TotalAmt03863625
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0532680
IRS990/TotalLiabilitiesEOYAmt0139094
IRS990/TotalLiabilitiesGrp/BOYAmt0532680
IRS990/TotalLiabilitiesGrp/EOYAmt0139094
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05622739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08455522
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03241693
IRS990/TotalProgramServiceRevenueAmt06345657
IRS990/TotalReportableCompFromOrgAmt0758366
IRS990/TotalRevenueGrp/ExclusionAmt021291

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