Civic Intelligence

Smarter in the City Inc.

EIN 47-1127201 • 501(c)3 • Boston, MA

Pub. 78 Eligible990-N Coverage

Profile

The corporation is formed for the purpose of promoting educational and charitable purposes and is being organized primarily to: (1) offer a free business accelerator for high-tech startups; (2) provide free office space, a meeting facility, mentorship, and professional assistance to those startups who are a part of our program; and (3) to provide and foster access to business knowledge, capital, networking, and connections within the smarter in the city alumni community and beyond. Further, a focus of the corporation will be to provide these services to demographically underrepresented communities in the high-tech sector in order to increase access to and diversity within the industry. The corporation's space and services are sponsored by foundation and public grants, as well as private/corporate donations.

51 Melcher StreetBoston, MA 02210

www.smarterinthecity.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-6495%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

87th percentile

$16,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 27.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

15th percentile

-71%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$2,025

Down $4,936 (-71%) from 2019

Liabilities

Flat

$0

Flat from 2019

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin1st percentile

Revenue

Down

$76

Down $65,957 (-100%) from 2019

Expenses

Down

$5,012

Down $80,991 (-94%) from 2019

Net Income

Up

-$4,936

Up $15,034 (+75%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth15th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0-$10KAssets 2014: $1Liabilities 2014: $02014Assets 2016: $1,059Liabilities 2016: $4,000Net Assets 2016: -$2,9412016Assets 2017: $26,338Liabilities 2017: $0Net Assets 2017: $26,3382017Assets 2018: $26,931Liabilities 2018: $0Net Assets 2018: $26,9312018Assets 2019: $6,961Liabilities 2019: $02019Assets 2020: $2,025Liabilities 2020: $02020

Highlighted filing

2020

Assets$2,025
Liabilities$0
Net Assets-
Open 2020 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2016: $12,500Expenses 2016: $15,441Net Income 2016: -$2,9412016Revenue 2017: $107,844Expenses 2017: $78,566Net Income 2017: $29,2782017Revenue 2018: $58,726Expenses 2018: $58,133Net Income 2018: $5932018Revenue 2019: $66,033Expenses 2019: $86,003Net Income 2019: -$19,9702019Revenue 2020: $76Expenses 2020: $5,012Net Income 2020: -$4,9362020

Highlighted filing

2020

Revenue$76
Expenses$5,012
Net Income-$4,936
Open 2020 Filing

Filings

Most recent year

2020 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing
Assets
$2,025
Liabilities
$0
Net assets
-
Revenue
$76
Expenses
$5,012
Net income
-$4,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Summary only. Only limited summary data is available for this year.$0.02$0.00$0.00$0.05$0.05
2019Summary only. Only limited summary data is available for this year.$0.07$0.00$0.66$0.86$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.59$0.58$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$1.08$0.79$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.01$0.04$0.03$0.13$0.15$0.03
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Detailed Filing

The latest 2020 filing currently has summary financial data only. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Dec 10, 2019
Return Version
2018v3.1
Gross Receipts
$58,726
Mission and Program Overview

Mission

The corporation is formed for the purpose of promoting educational and charitable purposes and is being organized primarily to: (1) offer a free business accelerator for high-tech startups; (2) provide free office space, a meeting facility, mentorship, and professional assistance to those startups who are a part of our program; and (3) to provide and foster access to business knowledge, capital, networking, and connections within the smarter in the city alumni community and beyond. Further, a focus of the corporation will be to provide these services to demographically underrepresented communities in the high-tech sector in order to increase access to and diversity within the industry. The corporation's space and services are sponsored by foundation and public grants, as well as private/corporate donations.

Program Services

DescriptionGrantsExpenses
Business venture accelerator$50,000$12,900
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kofi CallenderExecutive DirectorFT$16,000-$16,000
Chiso OkaforDirector-$0--
Tim BuntelClerkPT$0--
Gilad RosenzweigPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Smarter in the City Inc
EIN
47-1127201
Phone
6176520515
Address
51 Melcher Street, Boston, MA 02210

Signing Officer

Name
Gilad Rosenzweig
Title
President
Phone
6176520515
Signed
2019-12-10

Preparer

Firm
Vernaglia Consulting PLLC
Address
3 Allied Drive Suite 303, Dedham, MA 02026
Phone
7817427215
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8 - Other Revenue

“Description: Rental Income. Amount: 3,026.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Insurance. Amount: 542. Description: Lunch and learns. Amount: 2,756. Description: Supplies and postage. Amount: 5,326. Description: Web development and marketing. Amount: 662. Total to Form 990-EZ, line 16: 9,286.”

Form 990-EZ, Part II, Line 24 - Other Assets

“Description: Security Deposit. Beg. of Year Amount: 0. End of Year Amount: 3,400.”

Raw XML Appendix154 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum06176520515
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Boston
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Chiso Okafor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Tim Buntel
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Gilad Rosenzweig
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Clerk
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3President
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03400
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt09286
IRS990EZ/OtherRevenueTotalAmt03026
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE CORPORATION IS FORMED FOR THE PURPOSE OF PROMOTING EDUCATIONAL AND CHARITABLE PURPOSES AND IS BEING ORGANIZED PRIMARILY TO: (1) OFFER A FREE BUSINESS ACCELERATOR FOR HIGH-TECH STARTUPS; (2) PROVIDE FREE OFFICE SPACE, A MEETING FACILITY, MENTORSHIP, AND PROFESSIONAL ASSISTANCE TO THOSE STARTUPS WHO ARE A PART OF OUR PROGRAM; AND (3) TO PROVIDE AND FOSTER ACCESS TO BUSINESS KNOWLEDGE, CAPITAL, NETWORKING, AND CONNECTIONS WITHIN THE SMARTER IN THE CITY ALUMNI COMMUNITY AND BEYOND. FURTHER, A FOCUS OF THE CORPORATION WILL BE TO PROVIDE THESE SERVICES TO DEMOGRAPHICALLY UNDERREPRESENTED COMMUNITIES IN THE HIGH-TECH SECTOR IN ORDER TO INCREASE ACCESS TO AND DIVERSITY WITHIN THE INDUSTRY. THE CORPORATION'S SPACE AND SERVICES ARE SPONSORED BY FOUNDATION AND PUBLIC GRANTS, AS WELL AS PRIVATE/CORPORATE DONATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Business venture accelerator
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012900
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IRS990EZ/SalariesOtherCompEmplBnftAmt016000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt058133
IRS990EZ/TotalProgramServiceExpensesAmt012900
IRS990EZ/TotalRevenueAmt058726
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.smarterinthecity.com
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt055700
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt012500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalSupportAmt0179070
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Rental Income. Amount: 3,026.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Insurance. Amount: 542. Description: Lunch and learns. Amount: 2,756. Description: Supplies and postage. Amount: 5,326. Description: Web development and marketing. Amount: 662. Total to Form 990-EZ, line 16: 9,286.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24 - Other Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Gilad Rosenzweig
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06176520515
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Smarter in the City Inc
ReturnHeader/Filer/BusinessNameControlTxt0SMAR
ReturnHeader/Filer/EIN0471127201
ReturnHeader/Filer/PhoneNum06176520515
ReturnHeader/Filer/USAddress/AddressLine1Txt051 Melcher Street
ReturnHeader/Filer/USAddress/CityNm0Boston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002210
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.2.209.100
ReturnHeader/FilingSecurityInformation/IPDt02019-12-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:01:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0830914877
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vernaglia Consulting PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 Allied Drive Suite 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dedham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002026
ReturnHeader/PreparerPersonGrp/PhoneNum07817427215
ReturnHeader/PreparerPersonGrp/PreparationDt02019-12-10
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-12-16T21:01:36-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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