Civic Intelligence

Cooperate Inc

990 • Fiscal year 2019 • EIN 47-1662773

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

330 W 38th Street Room 1503New York, NY 10018

(650) 714-1357

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

43rd percentile

1.1%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$103,761

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-73%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$4,833

Down $13,122 (-73%) from 2018

Net Assets

Up

$4,833

Up $10,326 (+188%) from 2018

Liabilities

Down

$0

Down $23,448 (-100%) from 2018

Revenue

Up

$908,880

Up $91,481 (+11%) from 2018

Expenses

Down

$898,554

Down $254,640 (-22%) from 2018

Net Income

Up

$10,326

Up $346,121 (+103%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2016: $153,555Liabilities 2016: $6,008Net Assets 2016: $147,5472016Assets 2017: $216,802Liabilities 2017: $6,500Net Assets 2017: $210,3022017Assets 2018: $17,955Liabilities 2018: $23,448Net Assets 2018: -$5,4932018Assets 2019: $4,833Liabilities 2019: $0Net Assets 2019: $4,8332019Assets 2020: $76,343Liabilities 2020: $0Net Assets 2020: $76,3432020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2019

Assets$4,833
Liabilities$0
Net Assets$4,833

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $618,001Expenses 2016: $504,899Net Income 2016: $113,1022016Revenue 2017: $721,027Expenses 2017: $658,272Net Income 2017: $62,7552017Revenue 2018: $817,399Expenses 2018: $1,153,194Net Income 2018: -$335,7952018Revenue 2019: $908,880Expenses 2019: $898,554Net Income 2019: $10,3262019Revenue 2020: $165,319Expenses 2020: $93,809Net Income 2020: $71,5102020Revenue 2021: $0Expenses 2021: $80Net Income 2021: -$802021

Highlighted filing

2019

Revenue$908,880
Expenses$898,554
Net Income$10,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$908,880
Mission and Program Overview

Mission

Building a movement of diverse, upwardly mobile college grads overcoming underemployment through digital skills and peer connections.

To build A MOVEMENT OF DIVERSE, UPWARDLY MOBILE COLLEGE GRADuates OVERCOMING UNDEREMPLOYMENT THROUGH DIGITAL SKILLS AND PEER CONNECTIONS.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,955$4,833▼ $13,122
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$17,955$4,833▼ $13,122
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$19,000$0▼ $19,000
Accounts Payable and Accrued Expenses$4,448$0▼ $4,448
Other Liabilities$0$0→ $0
Total Liabilities$23,448$0▼ $23,448
Net Assets / Fund Balance
Net Assets With Donor Restrictions$40,469$0▼ $40,469
Net Assets Without Donor Restrictions$-45,962$4,833▲ $50,795
Total Net Assets Fund Balance$-5,493$4,833▲ $10,326
Total Liabilities and Net Assets / Fund Balance$17,955$4,833▼ $13,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Executive DirectorFT$94,371$9,390$103,761

Board Members and Trustees

NameTitle
-President
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$908,880
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$908,880
Change in Net Assets
$10,326

Audited Revenue Reconciliation

Revenue per Audited Statements
$908,880
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$908,880
Total Revenue per Form 990
$908,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$452,928
Salaries, Compensation, and Employee Benefits$445,626
Total Fundraising Expense$29,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$273,853-$29,355$303,208
Fees for Services Other$92,179$15,068$0$107,247
Current Officers, Directors, Trustees, and Key Employees$51,881$51,880$0$103,761
Occupancy$51,600$37,671-$89,271
Travel$32,178$56,201-$88,379
Conferences and Meetings$53,555$8,557$184$62,296
Information Technology$2,097$39,315$434$41,846
Payroll Taxes$33,576$4,738-$38,314
Other Expenses$151$18,827-$18,978
Office Expenses$2,174$12,435-$14,609
Insurance-$4,444-$4,444
Interest-$1,425-$1,425
Advertising$840$294-$1,134
Other Employee Benefits-$343-$343
Fees for Services Accounting-$294-$294
Total Functional Expenses$608,509$260,072$29,973$898,554

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$898,554
Total Expenses per Audited Statements$898,554
Total Expenses per Form 990$898,554
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
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, Line 15A Process for determining compensation for top management official

Compensation was set by the board after considering the market rate for the executive director's background and experience.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization has no committees with authority to act on behalf of the governing body. As such, Line 8b is not applicable and has been checked no, in accordance with the instructions.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Management reviewed a draft of the form 990 with the finance committee. The final form 990 was provided to all members of the board of directors prior to filing.

Form 990, Part VI, Line 19 Required documents available to the public

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cooperate Inc
EIN
47-1662773
Phone
6507141357
Address
330 W 38th Street Room 1503, New York, NY 10018

Signing Officer

Name
Kalani Leifer
Title
Executive Director
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
6
Employees
8
Volunteers
40

Preparer

Firm
Crowe Llp
Address
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Mallory Fairless
Phone
3128997000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3 Significant changes in program services

As of December 31, 2019, the Organization had $4,833 available for general expenditures within one year. Management has evaluated these conditions and the Board approved a plan of dissolution on October 1, 2019. Any remaining assets after dissolution will be contributed to Coop Careers Inc, a registered 501(c)(3). Management believes the dissolution will be completed in 2020.

Form 990, Part IX, Line 11G Other Fees

PROFESSIONAL FEES - Total Expense: 107247, Program Service Expense: 92179, Management and General Expenses: 15068, Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Organization is a not-for-profit corporation and has been recognized by the Internal Revenue Service to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits or liabilities will be recognized only if the tax position would "more-likely-than-not" be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit or liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit or liability will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at December 31, 2019 and does not expect this to change in the next 12 months. The Organization would recognize interest and penalties related to uncertain tax positions in interest and income tax expense, respectively. The Organization does not have amounts accrued for interest or penalties as of December 31, 2019 and 2018.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - INTEREST INCOME, COLUMN A - 0.0, COLUMN B - 1.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 1.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10 Other Income
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a not-for-profit corporation and has been recognized by the Internal Revenue Service to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits or liabilities will be recognized only if the tax position would "more-likely-than-not" be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit or liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit or liability will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at December 31, 2019 and does not expect this to change in the next 12 months. The Organization would recognize interest and penalties related to uncertain tax positions in interest and income tax expense, respectively. The Organization does not have amounts accrued for interest or penalties as of December 31, 2019 and 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0As of December 31, 2019, the Organization had $4,833 available for general expenditures within one year. Management has evaluated these conditions and the Board approved a plan of dissolution on October 1, 2019. Any remaining assets after dissolution will be contributed to Coop Careers Inc, a registered 501(c)(3). Management believes the dissolution will be completed in 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Compensation was set by the board after considering the market rate for the executive director's background and experience.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has no committees with authority to act on behalf of the governing body. As such, Line 8b is not applicable and has been checked no, in accordance with the instructions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE FINANCE COMMITTEE. THE FINAL FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES - Total Expense: 107247, Program Service Expense: 92179, Management and General Expenses: 15068, Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3 Significant changes in program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15a Process for determining compensation for top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g Other Fees
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