Civic Intelligence

Minorities Serving Institutions Science Technology Engineering And

990 • Fiscal year 2018 • EIN 47-2220401

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

1275 K Street NW Suite 850Washington, DC 20005

(202) 684-7953

Siviq Scores

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

Liabilities / Assets

77th percentile

0.40x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.18x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

4th percentile

-70%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$206,192

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-58%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$644,204

Down $890,716 (-58%) from 2017

Net Assets

Down

$384,474

Down $1,005,314 (-72%) from 2017

Liabilities

Up

$259,730

Up $114,598 (+79%) from 2017

Revenue

Down

$1,430,304

Down $959,981 (-40%) from 2017

Expenses

Up

$2,435,618

Up $532,805 (+28%) from 2017

Net Income

Down

-$1,005,314

Down $1,492,786 (-306%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $998,391Liabilities 2015: $58,284Net Assets 2015: $940,1072015Assets 2016: $1,181,049Liabilities 2016: $278,733Net Assets 2016: $902,3162016Assets 2017: $1,534,920Liabilities 2017: $145,132Net Assets 2017: $1,389,7882017Assets 2018: $644,204Liabilities 2018: $259,730Net Assets 2018: $384,4742018Assets 2019: $2,597,681Liabilities 2019: $343,831Net Assets 2019: $2,253,8502019Assets 2020: $3,850,959Liabilities 2020: $231,812Net Assets 2020: $3,619,1472020Assets 2021: $5,452,566Liabilities 2021: $1,760,152Net Assets 2021: $3,692,4142021Assets 2022: $11,647,262Liabilities 2022: $2,138,137Net Assets 2022: $9,509,1252022Assets 2023: $7,211,592Liabilities 2023: $1,397,296Net Assets 2023: $5,814,2962023Assets 2024: $8,123,572Liabilities 2024: $970,933Net Assets 2024: $7,152,6392024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2018

Assets$644,204
Liabilities$259,730
Net Assets$384,474

Operations Trend

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

$15M$10M$5.0M$0-$5.0M-$10MRevenue 2015: $1,933,392Expenses 2015: $993,285Net Income 2015: $940,1072015Revenue 2016: $2,390,343Expenses 2016: $2,428,134Net Income 2016: -$37,7912016Revenue 2017: $2,390,285Expenses 2017: $1,902,813Net Income 2017: $487,4722017Revenue 2018: $1,430,304Expenses 2018: $2,435,618Net Income 2018: -$1,005,3142018Revenue 2019: $4,474,571Expenses 2019: $2,605,195Net Income 2019: $1,869,3762019Revenue 2020: $4,730,786Expenses 2020: $3,365,489Net Income 2020: $1,365,2972020Revenue 2021: $6,739,057Expenses 2021: $6,665,790Net Income 2021: $73,2672021Revenue 2022: $11,743,609Expenses 2022: $5,926,898Net Income 2022: $5,816,7112022Revenue 2023: $4,966,489Expenses 2023: $8,661,318Net Income 2023: -$3,694,8292023Revenue 2024: $8,719,440Expenses 2024: $7,459,120Net Income 2024: $1,260,3202024Revenue 2025: $525,442Expenses 2025: $6,912,775Net Income 2025: -$6,387,3332025

Highlighted filing

2018

Revenue$1,430,304
Expenses$2,435,618
Net Income-$1,005,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$1,430,304
Mission and Program Overview

Mission

To stimulate and promote advancement in the fields of science, technology, engineering and mathematics in minority-serving institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$930,358$384,648▼ $545,710
Rtn Earn Endowment Incm Other Fnds$1,389,788$384,474▼ $1,005,314
Pledges and Grants Receivable$604,562$259,556▼ $345,006
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,534,920$644,204▼ $890,716
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$145,132$259,730▲ $114,598
Total Liabilities$145,132$259,730▲ $114,598
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,389,788$384,474▼ $1,005,314
Total Liabilities and Net Assets / Fund Balance$1,534,920$644,204▼ $890,716
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael J HesterPresident & CEOFT$206,192$206,192
Richard C HackneyChairman-$28,774$28,774

Board Members and Trustees

NameTitle
Isiah WarnerBoard Member
Lonnie JohnsonBoard Member
Lueny MorrellBoard Member
Philip W WestBoard Member
Mabel Jones MatthewsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,269,623
Program Service Revenue
$0
Investment Income
$130
Other Revenue
$160,551
Change in Net Assets
$-1,005,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,430,304
Total Revenue per Audited Statements
$1,430,304
Total Revenue per Form 990
$1,430,304
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,927,213
Salaries, Compensation, and Employee Benefits$508,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$97,632$127,000-$224,632
Current Officers, Directors, Trustees, and Key Employees-$206,192-$206,192
Other Employee Benefits$14,862$34,227-$49,089
Payroll Taxes$7,233$21,259-$28,492
Office Expenses$5,735$16,019-$21,754
Travel$11,570$6,803-$18,373
Fees for Services Accounting-$15,858-$15,858
All Other Expenses-$8,940-$8,940
Other Expenses$47,991$8,517-$8,517
Insurance-$5,438-$5,438
Conferences and Meetings-$4,767-$4,767
Fees for Services Legal-$1,200-$1,200
Occupancy-$450-$450
Total Functional Expenses$1,856,200$579,418$0$2,435,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,435,618
Total Expenses per Audited Statements$2,435,618
Total Expenses per Form 990$2,435,618
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
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Directors and officers submit disclosures of any conflicts of interest at each annual meeting of the board of directors. When a real or perceived confilct exits, the polict prescribes that the ceo or board chair conduct a review to determine if a conflict exits and recommend a plan to mitigate the conflict or other appropriate action to the board.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The process was managed by the board and included a competitive market study, industry comparison, and performance management plan. In addition to consulting with reference resources, the board of directors had access to the guidestar nonprofit compensation report to review during deliberations for executive compensation, including the chief executive officer and chief operating officer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

BY REQUEST.

Filing and Contact Details

Filer

Filer Name
Msi Stem Research & Development
EIN
47-2220401
Phone
2026847953
Address
1275 K STREET NW SUITE 850, WASHINGTON, DC 20005

Signing Officer

Name
Michael J Hester
Title
President & CEO
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Hester
Formed
2014
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
5

Preparer

Firm
Abrams Foster Nole & Williams Pa
Address
2 Hamill Rd Suite 241 West Quadrang, Baltimore, MD 21210-1886
Preparer
Gerald Abrams
Phone
4104336830
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02079598
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IRS990/PYInvestmentIncomeAmt0171
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01488968
IRS990/PYOtherRevenueAmt0310516
IRS990/PYRevenuesLessExpensesAmt0487472
IRS990/PYSalariesCompEmpBnftPaidAmt0413845
IRS990/PYTotalExpensesAmt01902813
IRS990/PYTotalRevenueAmt02390285
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01389788
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0384474
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01268123
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02079598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02254086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01933384
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0104865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07640056
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt07640056
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01268123
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02079598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02254086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01933384
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0104865
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07640056
IRS990ScheduleA/TotalSupportAmt07640056
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt02435618
IRS990ScheduleD/RevenueSubtotalAmt01430304
IRS990ScheduleD/TotalExpensesPerForm990Amt02435618
IRS990ScheduleD/TotalRevenuePerForm990Amt01430304
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01430304
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02435618
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0206192
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL J HESTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0206192
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS AND OFFICERS SUBMIT DISCLOSURES OF ANY CONFLICTS OF INTEREST AT EACH ANNUAL MEETING OF THE BOARD OF DIRECTORS. WHEN A REAL OR PERCEIVED CONFILCT EXITS, THE POLICT PRESCRIBES THAT THE CEO OR BOARD CHAIR CONDUCT A REVIEW TO DETERMINE IF A CONFLICT EXITS AND RECOMMEND A PLAN TO MITIGATE THE CONFLICT OR OTHER APPROPRIATE ACTION TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS WAS MANAGED BY THE BOARD AND INCLUDED A COMPETITIVE MARKET STUDY, INDUSTRY COMPARISON, AND PERFORMANCE MANAGEMENT PLAN. IN ADDITION TO CONSULTING WITH REFERENCE RESOURCES, THE BOARD OF DIRECTORS HAD ACCESS TO THE GUIDESTAR NONPROFIT COMPENSATION REPORT TO REVIEW DURING DELIBERATIONS FOR EXECUTIVE COMPENSATION, INCLUDING THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalContributionsAmt01269623
IRS990/TotalEmployeeCnt05
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0579418
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01856200
IRS990/TotalFunctionalExpensesGrp/TotalAmt02435618
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0145132
IRS990/TotalLiabilitiesEOYAmt0259730
IRS990/TotalLiabilitiesGrp/BOYAmt0145132
IRS990/TotalLiabilitiesGrp/EOYAmt0259730
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01389788
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0384474
IRS990/TotalProgramServiceExpensesAmt01856200
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0234966
IRS990/TotalRevenueGrp/ExclusionAmt0160681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01430304
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01534920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0644204
IRS990/TravelGrp/ManagementAndGeneralAmt06803
IRS990/TravelGrp/ProgramServicesAmt011570
IRS990/TravelGrp/TotalAmt018373
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01275 K STREET NW SUITE 850
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020005
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MSRDCONSORTIUM.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL J HESTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO

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