Civic Intelligence

Freedom United

990 • Fiscal year 2015 • EIN 47-1249214

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 28, 2016

Organization ProfileWWW.AUDACITYFACTORY.COM
6516 Falls Of Neuse Rd No 110Raleigh, NC 27615

(800) 394-7781

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Asset Growth

64th percentile

16%

Faster asset growth than 64% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

84th percentile

63%

Faster revenue growth than 84% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$36,805

Up $5,080 (+16%) from 2014

Net Assets

Up

$36,428

Up $4,703 (+15%) from 2014

Liabilities

Up

$377

Up $377 from 2014

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin45th percentile

Revenue

Up

$226,990

Up $87,755 (+63%) from 2014

Expenses

Up

$222,287

Up $114,777 (+107%) from 2014

Net Income

Down

$4,703

Down $27,022 (-85%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$400K$300K$200K$100K$0Assets 2014: $31,725Liabilities 2014: $0Net Assets 2014: $31,7252014Assets 2015: $36,805Liabilities 2015: $377Net Assets 2015: $36,4282015Assets 2016: $80,533Liabilities 2016: $32,479Net Assets 2016: $48,0542016Assets 2017: $170,927Liabilities 2017: $20,019Net Assets 2017: $150,9082017Assets 2018: $102,930Liabilities 2018: $13,940Net Assets 2018: $88,9902018Assets 2019: $133,775Liabilities 2019: $17,829Net Assets 2019: $115,9462019Assets 2020: $369,071Liabilities 2020: $11,143Net Assets 2020: $357,9282020Assets 2021: $386,285Liabilities 2021: $5,858Net Assets 2021: $380,4272021Assets 2022: $229,146Liabilities 2022: $3,795Net Assets 2022: $225,3512022Assets 2023: $317,818Liabilities 2023: $6,132Net Assets 2023: $311,6862023Assets 2024: $287,531Liabilities 2024: $2,955Net Assets 2024: $284,5762024

Highlighted filing

2015

Assets$36,805
Liabilities$377
Net Assets$36,428
Open 2015 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.0M$500K$0-$500KRevenue 2014: $139,235Expenses 2014: $107,510Net Income 2014: $31,7252014Revenue 2015: $226,990Expenses 2015: $222,287Net Income 2015: $4,7032015Revenue 2016: $727,149Expenses 2016: $715,523Net Income 2016: $11,6262016Revenue 2017: $858,880Expenses 2017: $756,026Net Income 2017: $102,8542017Revenue 2018: $669,080Expenses 2018: $730,998Net Income 2018: -$61,9182018Revenue 2019: $639,592Expenses 2019: $612,636Net Income 2019: $26,9562019Revenue 2020: $724,990Expenses 2020: $483,008Net Income 2020: $241,9822020Revenue 2021: $553,865Expenses 2021: $531,366Net Income 2021: $22,4992021Revenue 2022: $343,094Expenses 2022: $498,170Net Income 2022: -$155,0762022Revenue 2023: $476,695Expenses 2023: $390,360Net Income 2023: $86,3352023Revenue 2024: $395,510Expenses 2024: $422,620Net Income 2024: -$27,1102024

Highlighted filing

2015

Revenue$226,990
Expenses$222,287
Net Income$4,703
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 28, 2016
Return Version
2015v2.1
Gross Receipts
$226,990
Mission and Program Overview

Mission

Audacity factory is an organization made up of entrepreneurs, non-profits, market leaders, students, businesses, universities, and foundations. Our efforts are focused on both domestic and global issues not currently getting the attention, resources, or expertise needed to create audacious outcomes. With our world-class team, we develop and support initiatives that rewrite the way we attack these issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$31,725$36,805▲ $5,080
Total Assets$31,725$36,805▲ $5,080
Liabilities
Accounts Payable and Accrued Expenses$0$377▲ $377
Total Liabilities$0$377▲ $377
Net Assets / Fund Balance
Unrestricted Net Assets$31,725$36,428▲ $4,703
Total Net Assets Fund Balance$31,725$36,428▲ $4,703
Total Liabilities and Net Assets / Fund Balance$31,725$36,805▲ $5,080
Compensation and Service Providers
Top Officer Pay79th percentile

Board Members and Trustees

NameTitle
Josef SchmidtPresident
Jonathan KeaneVice President
Denise HowellMember
Cheryl SchmidtSecretart
Jackie SchmidtTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$226,990
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$226,990
Change in Net Assets
$4,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,767
Grants and Similar Amounts Paid$40,520
Total Fundraising Expense$4,047
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$50,000$57,268-$107,268
Grants to Domestic Orgs$40,520--$40,520
Occupancy-$21,636-$21,636
Office Expenses-$4,583$1,052$5,635
Travel-$823$1,886$2,709
Insurance-$2,341-$2,341
Advertising--$1,109$1,109
Other Expenses$30,789$1,085-$1,085
Fees for Services Accounting-$838-$838
Total Functional Expenses$121,309$96,931$4,047$222,287
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
As Our OwnChicago, TX501(c)(3)To Fight Against Modern Day Slavery$9,204
Ecpat- USABrooklyn, NY501(c)(3)To End Child Slavery$9,201
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
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Jacqueline schmidt, a board member, is the mother of josef schmidt, founder and ceo. Cheryl schmidt, a board member, is the wife of josef schmidt. Denise howell, a board member, is the aunt of josef schmidt.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is provided to all board members for review.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to sign and acknowledge the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The documents will be listed on the organzation's website and on the organization's public guidestar profile.”

Filing and Contact Details

Filer

Filer Name
Audacity Factory
EIN
47-1249214
Phone
8003947781
Address
6516 FALLS OF NEUSE RD NO 110, RALEIGH, NC 27615

Signing Officer

Name
Josef Schmidt
Title
President
Phone
8003947781
Signed
2016-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josef Schmidt
Formed
2014
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
50

Preparer

Firm
Thomas Judy & Tucker P a
Address
4700 FALLS OF NEUSE ROAD SUITE 400, RALEIGH, NC 27609
Preparer
Chris P Judy CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Independent contractors: program service expenses 50,000. Management and general expenses 57,268. Fundraising expenses 0. Total expenses 107,268.”

Raw XML Appendix339 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETART
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1AS OUR OWN
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0157 MONTAGUE STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11717 ST JAMES PLACE STE 220
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WE REQUEST THE FUNDS BE EARMARKED FOR A SPECIFIC PROJECT, AGREED UPON IN A MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN ORGANIZATIONS. WE MAINTAIN CONTACT WITH THE ORGANIZATIONS AND REQUEST UPDATES ON THE PROJECTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JACQUELINE SCHMIDT, A BOARD MEMBER, IS THE MOTHER OF JOSEF SCHMIDT, FOUNDER AND CEO. CHERYL SCHMIDT, A BOARD MEMBER, IS THE WIFE OF JOSEF SCHMIDT. DENISE HOWELL, A BOARD MEMBER, IS THE AUNT OF JOSEF SCHMIDT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH BOARD MEMBER IS REQUIRED TO SIGN AND ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS WILL BE LISTED ON THE ORGANZATION'S WEBSITE AND ON THE ORGANIZATION'S PUBLIC GUIDESTAR PROFILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 50,000. MANAGEMENT AND GENERAL EXPENSES 57,268. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,268.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt031725
IRS990/TotalAssetsEOYAmt036805
IRS990/TotalAssetsGrp/BOYAmt031725
IRS990/TotalAssetsGrp/EOYAmt036805
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0226990
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04047
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096931
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121309
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222287
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0377
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0377
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt031725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt036428
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0121309
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0226990
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt031725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036805
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt01886
IRS990/TravelGrp/ManagementAndGeneralAmt0823
IRS990/TravelGrp/TotalAmt02709
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt031725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt036428
IRS990/USAddress/AddressLine1Txt06516 FALLS OF NEUSE RD NO 110
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027615
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.AUDACITYFACTORY.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEF SCHMIDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08003947781
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AUDACITY FACTORY
ReturnHeader/Filer/BusinessNameControlTxt0AUDA
ReturnHeader/Filer/EIN0471249214
ReturnHeader/Filer/PhoneNum08003947781
ReturnHeader/Filer/USAddress/AddressLine1Txt06516 FALLS OF NEUSE RD NO 110
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027615
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561965804
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMAS JUDY & TUCKER P A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04700 FALLS OF NEUSE ROAD SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09195717055
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS P JUDY CPA
ReturnHeader/ReturnTs02016-06-28T11:06:29-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,805
Liabilities
$377
Net assets
$36,428
Revenue
$226,990
Expenses
$222,287
Net income
$4,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.03$2.85$3.96$4.23$0.27
2023Detailed filing. Detailed filing data is available for this year.$3.18$0.06$3.12$4.77$3.90$0.86
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.04$2.25$3.43$4.98$1.55
2021Detailed filing. Detailed filing data is available for this year.$3.86$0.06$3.80$5.54$5.31$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.69$0.11$3.58$7.25$4.83$2.42
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.18$1.16$6.40$6.13$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.14$0.89$6.69$7.31$0.62
2017Summary only. Only limited summary data is available for this year.$1.71$0.20$1.51$8.59$7.56$1.03
2016Detailed filing. Detailed filing data is available for this year.$0.81$0.32$0.48$7.27$7.16$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.00$0.36$2.27$2.22$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$1.39$1.08$0.32