Civic Intelligence

Out in Tech Inc.

990 • Fiscal year 2021 • EIN 46-4379985

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

500 7th Ave CO Wework 12a104New York, NY 10018

(347) 429-1950

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

26th percentile

0.01x

Higher debt load relative to revenue than 26% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

87th percentile

$200,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

92nd percentile

120%

Faster asset growth than 92% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

140%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,075,505

Up $1,132,013 (+120%) from 2020

Net Assets

Up

$2,059,880

Up $1,162,174 (+129%) from 2020

Liabilities

Down

$15,625

Down $30,161 (-66%) from 2020

Revenue

Up

$2,042,302

Up $1,192,754 (+140%) from 2020

Expenses

Up

$880,133

Up $294,498 (+50%) from 2020

Net Income

Up

$1,162,169

Up $898,256 (+340%) from 2020

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 2016: $20,521Liabilities 2016: $02016Assets 2017: $289,756Liabilities 2017: $0Net Assets 2017: $289,7562017Assets 2018: $535,787Liabilities 2018: $0Net Assets 2018: $535,7872018Assets 2019: $636,118Liabilities 2019: $2,324Net Assets 2019: $633,7942019Assets 2020: $943,492Liabilities 2020: $45,786Net Assets 2020: $897,7062020Assets 2021: $2,075,505Liabilities 2021: $15,625Net Assets 2021: $2,059,8802021Assets 2022: $2,901,334Liabilities 2022: $28,770Net Assets 2022: $2,872,5642022Assets 2023: $3,214,132Liabilities 2023: $46,015Net Assets 2023: $3,168,1172023Assets 2024: $3,447,032Liabilities 2024: $46,067Net Assets 2024: $3,400,9652024

Highlighted filing

2021

Assets$2,075,505
Liabilities$15,625
Net Assets$2,059,880

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2016: $166,516Expenses 2016: $149,373Net Income 2016: $17,1432016Revenue 2017: $505,737Expenses 2017: $234,055Net Income 2017: $271,6822017Revenue 2018: $609,611Expenses 2018: $366,028Net Income 2018: $243,5832018Revenue 2019: $596,172Expenses 2019: $498,165Net Income 2019: $98,0072019Revenue 2020: $849,548Expenses 2020: $585,635Net Income 2020: $263,9132020Revenue 2021: $2,042,302Expenses 2021: $880,133Net Income 2021: $1,162,1692021Revenue 2022: $2,141,689Expenses 2022: $1,329,005Net Income 2022: $812,6842022Revenue 2023: $2,178,801Expenses 2023: $1,884,273Net Income 2023: $294,5282023Revenue 2024: $2,054,777Expenses 2024: $1,877,756Net Income 2024: $177,0212024

Highlighted filing

2021

Revenue$2,042,302
Expenses$880,133
Net Income$1,162,169
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$2,042,302
Mission and Program Overview

Mission

Out in tech is a community action agency established to unite and raise awareness to issues important to the lgbtq+ tech community and to provide selected direct services.

Provide educational and informational resources to lgbtq+ group.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$874,371$1,878,695▲ $1,004,324
Accounts Receivable$57,000$187,500▲ $130,500
Prepaid Expenses and Deferred Charges$3,446$3,463▲ $17
Land, Buildings, and Equipment, Net$4,673$2,857▼ $1,816
Intangible Assets$1,012--
Total Assets$943,492$2,075,505▲ $1,132,013
Other Assets Total$2,990$2,990→ $0
Liabilities
Other Liabilities$43,250--
Accounts Payable and Accrued Expenses$2,536$15,625▲ $13,089
Total Liabilities$45,786$15,625▼ $30,161
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$897,706$1,984,880▲ $1,087,174
Net Assets With Donor Restrictions-$75,000-
Total Net Assets Fund Balance$897,706$2,059,880▲ $1,162,174
Total Liabilities and Net Assets / Fund Balance$943,492$2,075,505▲ $1,132,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,857$6,221$9,078
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew LowenthalExecutive DirectorFT$200,000$200,000

Board Members and Trustees

NameTitle
Leah Franklin GilliamChair
Julia ChengPresident
Chris MaliwatMember-at-large
George WellsMember-at-large
Marcia CheungMember-at-large
Marc DicksteinSecretary
Lukas ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,042,302
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,943,555
Change in Net Assets
$1,162,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$684,892
Other Expenses$195,241
Total Fundraising Expense$37,619
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$349,022$20,261$20,261$389,544
Current Officers, Directors, Trustees, and Key Employees$179,200$10,400$10,400$200,000
Fees for Services Other$74,878$8,025-$82,903
Payroll Taxes$37,812$2,195$2,195$42,202
Travel$32,772--$32,772
Other Employee Benefits$26,866$1,560$1,560$29,986
Pension Plan Contributions$20,752$1,204$1,204$23,160
Information Technology$21,085$499$499$22,083
Occupancy$13,668$793$793$15,254
Fees for Services Accounting-$14,167-$14,167
Advertising$13,971--$13,971
Insurance$4,839$281$281$5,401
Office Expenses$2,962$172$172$3,306
Other Expenses$2,753$160$160$3,073
Depreciation Depletion$1,628$94$94$1,816
Fees for Services Legal-$495-$495
Total Functional Expenses$782,208$60,306$37,619$880,133
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
Audit committee
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
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

The form 990 is emailed to all members of the board for review.

Form 990, Part VI, Section B, Line 15A

Board approval required annually for ceo's salary.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Out in Tech Inc
EIN
46-4379985
Phone
3474291950
Address
500 7TH AVE CO WEWORK 12A104, NEW YORK, NY 10018

Signing Officer

Name
Andrew Lowenthal
Title
Executive Director
Phone
3474291950
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Lowenthal
Formed
2013
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Bennett Thrasher Llp
Address
3300 RIVERWOOD PARKWAY 700, ATLANTA, GA 30339
Preparer
Jennings P Pitts
Phone
7703962200
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code, as amended, and is classified by the internal revenue service as other than a private foundation. The organization is subject to income taxes on income from unrelated business activities; however, the organization had no significant unrelated business taxable income during fiscal year 2021. Accordingly, no provision or benefit for income taxes has been recorded in the accompanying financial statements. The organization applies the provisions of accounting standards for income taxes. These standards require that a tax position be recognized or derecognized based on a more likely than not threshold. This applies to positions taken or expected to be taken in a tax return. The organization does not believe its financial statements include any material uncertain tax positions.

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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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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01750698
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt02042302
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0822030
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0588914
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0568337
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0501637
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04523220
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt027072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07258
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt041274
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04100
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt079704
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.61970
IRS990ScheduleA/PublicSupportPY509Pct00.97420
IRS990ScheduleA/PublicSupportTotal509Amt02852226
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0470000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0332500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0222994
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0408475
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0316729
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01750698
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02042302
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0849102
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0596172
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0609611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0505737
IRS990ScheduleA/Total509Grp/TotalAmt04602924
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02042302
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0849102
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0596172
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0609611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0505737
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04602924
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02857
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06221
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09078
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS SUBJECT TO INCOME TAXES ON INCOME FROM UNRELATED BUSINESS ACTIVITIES; HOWEVER, THE ORGANIZATION HAD NO SIGNIFICANT UNRELATED BUSINESS TAXABLE INCOME DURING FISCAL YEAR 2021. ACCORDINGLY, NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION APPLIES THE PROVISIONS OF ACCOUNTING STANDARDS FOR INCOME TAXES. THESE STANDARDS REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02857
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANDREW LOWENTHAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0200000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS EMAILED TO ALL MEMBERS OF THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD APPROVAL REQUIRED ANNUALLY FOR CEO'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0943492
IRS990/TotalAssetsEOYAmt02075505
IRS990/TotalAssetsGrp/BOYAmt0943492
IRS990/TotalAssetsGrp/EOYAmt02075505
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02042302
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt060306
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0782208
IRS990/TotalFunctionalExpensesGrp/TotalAmt0880133
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045786
IRS990/TotalLiabilitiesEOYAmt015625
IRS990/TotalLiabilitiesGrp/BOYAmt045786
IRS990/TotalLiabilitiesGrp/EOYAmt015625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0897706
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02059880
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0782208
IRS990/TotalReportableCompFromOrgAmt0200000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02042302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0943492
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt032772
IRS990/TravelGrp/TotalAmt032772
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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