Civic Intelligence

Oset Inc.

990 • Fiscal year 2015 • EIN 47-3488865

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 14, 2016

31 River RoadGreenwich, CT 06807

(203) 863-2003

Siviq Scores

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

Liabilities / Assets

86th percentile

0.76x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

75th percentile

0.44x

Higher debt load relative to revenue than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Flat

$619,217

Flat from 2015

Net Assets

Flat

$146,877

Flat from 2015

Liabilities

Flat

$472,340

Flat from 2015

Revenue

Flat

$1,067,710

Flat from 2015

Expenses

Flat

$920,833

Flat from 2015

Net Income

Flat

$146,877

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $619,217Liabilities 2015: $472,340Net Assets 2015: $146,8772015Assets 2015: $619,217Liabilities 2015: $472,340Net Assets 2015: $146,8772015Assets 2016: $619,217Liabilities 2016: $472,340Net Assets 2016: $146,8772016Assets 2017: $416,882Liabilities 2017: $323,057Net Assets 2017: $93,8252017Assets 2018: $841,407Liabilities 2018: $677,283Net Assets 2018: $164,1242018Assets 2019: $1,079,365Liabilities 2019: $354,897Net Assets 2019: $724,4682019Assets 2020: $1,752,778Liabilities 2020: $562,636Net Assets 2020: $1,190,1422020Assets 2021: $1,329,048Liabilities 2021: $277,993Net Assets 2021: $1,051,0552021Assets 2022: $2,647,627Liabilities 2022: $1,114,349Net Assets 2022: $1,533,2782022Assets 2023: $2,594,977Liabilities 2023: $308,537Net Assets 2023: $2,286,4402023Assets 2024: $1,996,225Liabilities 2024: $395,110Net Assets 2024: $1,601,1152024

Highlighted filing

2015

Assets$619,217
Liabilities$472,340
Net Assets$146,877

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,067,710Expenses 2015: $920,833Net Income 2015: $146,8772015Revenue 2015: $1,067,710Expenses 2015: $920,833Net Income 2015: $146,8772015Revenue 2016: $1,067,710Expenses 2016: $920,833Net Income 2016: $146,8772016Revenue 2017: $1,319,794Expenses 2017: $1,306,472Net Income 2017: $13,3222017Revenue 2018: $1,370,889Expenses 2018: $1,300,590Net Income 2018: $70,2992018Revenue 2019: $2,378,418Expenses 2019: $1,818,074Net Income 2019: $560,3442019Revenue 2020: $2,722,511Expenses 2020: $2,256,837Net Income 2020: $465,6742020Revenue 2021: $1,408,849Expenses 2021: $1,547,936Net Income 2021: -$139,0872021Revenue 2022: $3,136,754Expenses 2022: $2,623,992Net Income 2022: $512,7622022Revenue 2023: $3,632,540Expenses 2023: $2,985,067Net Income 2023: $647,4732023Revenue 2024: $4,291,846Expenses 2024: $5,176,231Net Income 2024: -$884,3852024

Highlighted filing

2015

Revenue$1,067,710
Expenses$920,833
Net Income$146,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 14, 2016
Return Version
2015v3.0
Gross Receipts
$1,067,710
Mission and Program Overview

Mission

To organize seminars that provide continuing education opportunities to physicians and other health care professionals in the field of sports medicine and arthroscopic orthopaedics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$610,317-
Accounts Receivable-$8,900-
Total Assets$0$619,217▲ $619,217
Liabilities
Accounts Payable and Accrued Expenses-$472,340-
Total Liabilities$0$472,340▲ $472,340
Net Assets / Fund Balance
Unrestricted Net Assets-$146,877-
Total Net Assets Fund Balance$0$146,877▲ $146,877
Total Liabilities and Net Assets / Fund Balance$0$619,217▲ $619,217
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin D Plancher MdPresident
Jill PlancherVice President
Brian Busconi MdTreasurer & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$373,124
Program Service Revenue
$694,585
Investment Income
$1
Other Revenue
$0
All Other Contributions
$373,124
Change in Net Assets
$146,877

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,067,710
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,067,710
Total Revenue per Form 990
$1,067,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$920,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$427,563--$427,563
All Other Expenses$105,553--$105,553
Advertising$98,365--$98,365
Other Expenses$25,646--$25,646
Office Expenses$11,406--$11,406
Fees for Services Accounting$3,540--$3,540
Travel$2,980--$2,980
Total Functional Expenses$920,833$0$0$920,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$920,833
Total Expenses per Audited Statements$920,833
Total Expenses per Form 990$920,833
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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, Section A, Line 2

Dr. Kevin plancher and jill plancher are married

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the executive board prior to filing

Form 990, Part VI, Section C, Line 19

Information is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Oset Inc
EIN
47-3488865
Phone
2038632003
Address
31 RIVER ROAD, GREENWICH, CT 06807

Signing Officer

Name
Kevin Plancher
Title
President
Phone
2038632003
Signed
2016-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Plancher
Formed
2015
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Whittlesey & Hadley Pc
Address
ONE HAMDEN CTR 2319 WHITNEY AVE STE, 2A, HAMDEN, CT 06518
Preparer
Vincenzo Fini
Phone
2033972525
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Bank fees: program service expenses 15,705. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,705. Sales commissions: program service expenses 13,789. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,789. Syllabus/final program: program service expenses 11,295. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,295. Surgical skills labs: program service expenses 9,232. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,232. Cme fees: program service expenses 9,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,000. Honored professors: program service expenses 7,591. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,591. Books, subscriptions, reference materials: program service expenses 6,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,625. Website housing: program service expenses 6,444. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,444. Website design: program service expenses 6,380. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,380. Independent contractors: program service expenses 5,760. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,760. Postage and mailing: program service expenses 5,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,061. Photographer: program service expenses 3,607. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,607. Email server expense: program service expenses 2,137. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,137. Awards/plaques: program service expenses 1,290. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,290. Supplies: program service expenses 1,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,200. Printing and copying: program service expenses 323. Management and general expenses 0. Fundraising expenses 0. Total expenses 323. Business registration fees: program service expenses 114. Management and general expenses 0. Fundraising expenses 0. Total expenses 114.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR. KEVIN PLANCHER AND JILL PLANCHER ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE EXECUTIVE BOARD PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK FEES: PROGRAM SERVICE EXPENSES 15,705. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,705. SALES COMMISSIONS: PROGRAM SERVICE EXPENSES 13,789. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,789. SYLLABUS/FINAL PROGRAM: PROGRAM SERVICE EXPENSES 11,295. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,295. SURGICAL SKILLS LABS: PROGRAM SERVICE EXPENSES 9,232. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,232. CME FEES: PROGRAM SERVICE EXPENSES 9,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,000. HONORED PROFESSORS: PROGRAM SERVICE EXPENSES 7,591. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,591. BOOKS, SUBSCRIPTIONS, REFERENCE MATERIALS: PROGRAM SERVICE EXPENSES 6,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,625. WEBSITE HOUSING: PROGRAM SERVICE EXPENSES 6,444. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,444. WEBSITE DESIGN: PROGRAM SERVICE EXPENSES 6,380. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,380. INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 5,760. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,760. POSTAGE AND MAILING: PROGRAM SERVICE EXPENSES 5,061. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,061. PHOTOGRAPHER: PROGRAM SERVICE EXPENSES 3,607. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,607. EMAIL SERVER EXPENSE: PROGRAM SERVICE EXPENSES 2,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,137. AWARDS/PLAQUES: PROGRAM SERVICE EXPENSES 1,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,290. SUPPLIES: PROGRAM SERVICE EXPENSES 1,200. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,200. PRINTING AND COPYING: PROGRAM SERVICE EXPENSES 323. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323. BUSINESS REGISTRATION FEES: PROGRAM SERVICE EXPENSES 114. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0920833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0472340
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0472340
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0146877
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0920833
IRS990/TotalProgramServiceRevenueAmt0694585
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0694585
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01067710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0619217
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt02980
IRS990/TravelGrp/TotalAmt02980
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0146877
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt031 RIVER ROAD
IRS990/USAddress/CityNm0GREENWICH
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006807
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTP://WWW.ORTHOSUMMIT.COM/MEETINGS/2016/ORTHOSUM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PLANCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02038632003
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSET INC
ReturnHeader/Filer/BusinessNameControlTxt0OSET
ReturnHeader/Filer/EIN0473488865
ReturnHeader/Filer/PhoneNum02038632003
ReturnHeader/Filer/USAddress/AddressLine1Txt031 RIVER ROAD
ReturnHeader/Filer/USAddress/CityNm0GREENWICH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006807
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060903326
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITTLESEY & HADLEY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE HAMDEN CTR 2319 WHITNEY AVE STE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt02A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006518
ReturnHeader/PreparerPersonGrp/PhoneNum02033972525
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0VINCENZO FINI
ReturnHeader/ReturnTs02017-01-12T10:34:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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