Civic Intelligence

Sa-Mdy Inc.

990 • Fiscal year 2017 • EIN 47-2413792

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 11, 2018

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

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • NTEE P • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

4th percentile

0.00x

Higher debt load relative to revenue than 4% of similar nonprofits.

2017 filings • NTEE P • $5M-$10M nonprofits • Source year 2017

Net Margin

41st percentile

0.0%

Higher net margin than 41% of similar nonprofits.

2017 filings • NTEE P • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$381,914

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2017 filings • NTEE P • $5M-$10M nonprofits • Source year 2017

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2017 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

9.1%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$6,347

Down $1,182 (-16%) from 2016

Net Assets

Flat

$0

Flat from 2016

Liabilities

Down

$6,347

Down $1,182 (-16%) from 2016

Revenue

Up

$5,140,017

Up $430,261 (+9.1%) from 2016

Expenses

Up

$5,140,017

Up $430,261 (+9.1%) from 2016

Net Income

Flat

$0

Flat from 2016

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

2017

Assets$6,347
Liabilities$6,347
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

2017

Revenue$5,140,017
Expenses$5,140,017
Net Income$0
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 11, 2018
Return Version
2016v3.0
Gross Receipts
$5,140,017
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
Accounts Receivable$2,280$6,347▲ $4,067
Cash and Non-Interest-Bearing Accounts$5,249--
Total Assets$7,529$6,347▼ $1,182
Liabilities
Accounts Payable and Accrued Expenses$7,529$6,347▼ $1,182
Total Liabilities$7,529$6,347▼ $1,182
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$7,529$6,347▼ $1,182
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan BerkowitzPrincipalFT$243,517$138,397$381,914
Susan KreegerChief Operating OfficerFT$264,688$3,948$268,636
David ShamahOperations DirectorFT$242,500$24,550$267,050
Terri MizrachiEarly Childhood DirectorFT$199,437$56,178$255,615
Judith FaginInternal ConsultantFT$225,000-$225,000
Rochelle BeydaChief Facility OfficerFT$170,337$42,479$212,816
Jeffrey GreenbergDirector of FinanceFT$86,391$3,760$90,151

Board Members and Trustees

NameTitle
Jeffrey GindiPpresident
Jeff SuttonBoard Member
Joseph FrancoSecretary
Alberto SuttonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,140,017
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$5,133,085
Other Expenses$6,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$3,654,903-$3,654,903
Other Employee Benefits-$703,008-$703,008
Current Officers, Directors, Trustees, and Key Employees-$444,998-$444,998
Payroll Taxes-$249,100-$249,100
Pension Plan Contributions-$81,076-$81,076
Fees for Services Other-$6,932-$6,932
Total Functional Expenses$0$5,140,017$0$5,140,017
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 11B

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
Joseph Franco
Title
Secretary
Phone
7186760215
Signed
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Franco
Formed
2014
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
59
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 organization'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/DeferredCompensationFlngOrgAmt216921
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt328059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt412250
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03948
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt19850
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt2121476
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SUSAN KREEGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID SHAMAH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ALAN BERKOWITZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3TERRI MIZRACHI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4ROCHELLE BEYDA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5JUDITH FAGIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF OPERATING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1OPERATIONS DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3EARLY CHILDHOOD DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CHIEF FACILITY OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5INTERNAL CONSULTANT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1267050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2381914
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt5225000
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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 ORGANIZATION'S FINANCIAL STATEMENTS IS ONGOING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
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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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4475678970
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)

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