Civic Intelligence

Sa-Mdy Inc.

990 • Fiscal year 2016 • EIN 47-2413792

Sep 01, 2015 to Aug 31, 2016 • Filed on Jul 10, 2017

2130 Mcdonald AvenueBrooklyn, NY 11223

(718) 676-0215

Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Net Margin

43rd percentile

0.0%

Higher net margin than 43% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$368,354

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2016 filings • NTEE P • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-91%

Faster asset growth than 1% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

68%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$7,529

Down $72,426 (-91%) from 2015

Net Assets

Flat

$0

Flat from 2015

Liabilities

Down

$7,529

Down $72,426 (-91%) from 2015

Revenue

Up

$4,709,756

Up $1,905,639 (+68%) from 2015

Expenses

Up

$4,709,756

Up $1,905,639 (+68%) from 2015

Net Income

Flat

$0

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2015: $79,955Liabilities 2015: $79,955Net Assets 2015: $02015Assets 2016: $7,529Liabilities 2016: $7,529Net Assets 2016: $02016Assets 2017: $6,347Liabilities 2017: $6,347Net Assets 2017: $02017Assets 2018: $59,237Liabilities 2018: $59,237Net Assets 2018: $02018Assets 2019: $41,444Liabilities 2019: $41,444Net Assets 2019: $02019Assets 2020: $290,473Liabilities 2020: $1,260,724Net Assets 2020: -$970,2512020Assets 2021: $436,408Liabilities 2021: $1,704,216Net Assets 2021: -$1,267,8082021Assets 2022: $33,747Liabilities 2022: $1,194,815Net Assets 2022: -$1,161,0682022Assets 2023: $243,615Liabilities 2023: $74,025Net Assets 2023: $169,5902023Assets 2024: $8,292Liabilities 2024: $82,583Net Assets 2024: -$74,2912024

Highlighted filing

2016

Assets$7,529
Liabilities$7,529
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $2,804,117Expenses 2015: $2,804,117Net Income 2015: $02015Revenue 2016: $4,709,756Expenses 2016: $4,709,756Net Income 2016: $02016Revenue 2017: $5,140,017Expenses 2017: $5,140,017Net Income 2017: $02017Revenue 2018: $6,196,347Expenses 2018: $6,196,347Net Income 2018: $02018Revenue 2019: $6,416,873Expenses 2019: $6,416,873Net Income 2019: $02019Revenue 2020: $4,408,770Expenses 2020: $5,379,021Net Income 2020: -$970,2512020Revenue 2021: $4,949,029Expenses 2021: $5,237,642Net Income 2021: -$288,6132021Revenue 2022: $6,375,993Expenses 2022: $6,483,874Net Income 2022: -$107,8812022Revenue 2023: $7,200,000Expenses 2023: $6,901,295Net Income 2023: $298,7052023Revenue 2024: $6,570,000Expenses 2024: $6,813,881Net Income 2024: -$243,8812024

Highlighted filing

2016

Revenue$4,709,756
Expenses$4,709,756
Net Income$0
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Jul 10, 2017
Return Version
2015v3.0
Gross Receipts
$4,709,756
Mission and Program Overview

Mission

Assists not-for-profit nonpublic early childhood, elementary, and high schools in managing the operations of their business office and general administration.

Assists not-for-profit schools in managing their business office and general administration.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$5,249-
Accounts Receivable$79,955$2,280▼ $77,675
Total Assets$79,955$7,529▼ $72,426
Liabilities
Accounts Payable and Accrued Expenses$79,955$7,529▼ $72,426
Total Liabilities$79,955$7,529▼ $72,426
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$79,955$7,529▼ $72,426
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan BerkowitzPrincipalFT$241,987$126,367$368,354
David ShamahOperations DirectorFT$245,639$39,160$284,799
Terri MizrachiEarly Childhood DirectorFT$210,463$26,853$237,316
Judith FaginHead of SchoolFT$225,000-$225,000
Rochelle BeydaChief Facility OfficerFT$170,531$32,620$203,151
Pearl BrugerController (through 8/2016)FT$153,080$24,256$177,336
James LassnerStudent Life DirectorFT$138,720$2,254$140,974

Board Members and Trustees

NameTitle
Jeffrey GindiPpresident
Jeff SuttonBoard Member
Jeffrey GreenbergDirector of Finance (from 5/2016)
Joseph FrancoSecretary
Alberto SuttonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,709,756
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,709,756
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$3,335,075-$3,335,075
Other Employee Benefits-$633,001-$633,001
Current Officers, Directors, Trustees, and Key Employees-$449,871-$449,871
Payroll Taxes-$274,400-$274,400
Pension Plan Contributions-$17,409-$17,409
Total Functional Expenses$0$4,709,756$0$4,709,756
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 B, Line 11

A copy of the form 990 is provided to the full board for their review and acceptance prior to its filing. Any questions are discussed with the external paid preparers.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Sa-mdy Inc
EIN
47-2413792
Phone
7186760215
Address
2130 MCDONALD AVENUE, BROOKLYN, NY 11223

Signing Officer

Name
Jeffrey Gindi
Title
President
Phone
7186760215
Signed
2017-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gindi
Formed
2014
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
55
Volunteers
4

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2

An audit of the organziation's financial statements is ongoing.

Financial Statement Notes

PART X, LINE 2:

Sa-mdy, inc. Has determined that there are no material uncertain tax positions that require recognition or disclosure in the combined financial statements. Periods ending august 31, 2015 remains subject to examination by applicable taxing authorities.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt50
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt27858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt34891
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt46390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt53482
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt119613
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt231302
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JUDITH FAGIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PEARL BRUGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID SHAMAH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3ALAN BERKOWITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4TERRI MIZRACHI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5ROCHELLE BEYDA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CONTROLLER (THROUGH 8/2016)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2OPERATIONS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4EARLY CHILDHOOD DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5CHIEF FACILITY OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0225000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1177336
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2284799
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3368354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4237316
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5203151
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW AND ACCEPTANCE PRIOR TO ITS FILING. ANY QUESTIONS ARE DISCUSSED WITH THE EXTERNAL PAID PREPARERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN AUDIT OF THE ORGANZIATION'S FINANCIAL STATEMENTS IS ONGOING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MAGEN DAVID YESHIVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1MAGEN DAVID YESHIVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2MAGEN DAVID YESHIVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3MAGEN DAVID YESHIVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MAGEN DAVID YESHIVA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MDYHS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2EARLY CHILDHOOD AT MDY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3ACADEMY AT MDY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4OPS-MDY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0111666839
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464047597
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2472480928
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3472413711

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