Civic Intelligence

Oset Inc.

990 • Fiscal year 2017 • EIN 47-3488865

Mar 01, 2016 to Feb 28, 2017 • Filed on Jan 12, 2018

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

88th percentile

0.77x

Higher debt load relative to assets than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

67th percentile

0.24x

Higher debt load relative to revenue than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

3rd percentile

-33%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

24%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$416,882

Down $202,335 (-33%) from 2016

Net Assets

Down

$93,825

Down $53,052 (-36%) from 2016

Liabilities

Down

$323,057

Down $149,283 (-32%) from 2016

Revenue

Up

$1,319,794

Up $252,084 (+24%) from 2016

Expenses

Up

$1,306,472

Up $385,639 (+42%) from 2016

Net Income

Down

$13,322

Down $133,555 (-91%) from 2016

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 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

2017

Assets$416,882
Liabilities$323,057
Net Assets$93,825

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 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

2017

Revenue$1,319,794
Expenses$1,306,472
Net Income$13,322
Jump To
Filing Snapshot
Filing Period
Mar 1, 2016 to Feb 28, 2017
Signed
Jan 12, 2018
Return Version
2016v3.0
Gross Receipts
$1,319,794
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$388,098▼ $222,219
Accounts Receivable$8,900$28,784▲ $19,884
Total Assets$619,217$416,882▼ $202,335
Liabilities
Accounts Payable and Accrued Expenses$472,340$323,057▼ $149,283
Total Liabilities$472,340$323,057▼ $149,283
Net Assets / Fund Balance
Unrestricted Net Assets$146,877$93,825▼ $53,052
Total Net Assets Fund Balance$146,877$93,825▼ $53,052
Total Liabilities and Net Assets / Fund Balance$619,217$416,882▼ $202,335
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
$440,330
Program Service Revenue
$876,214
Investment Income
$0
Other Revenue
$3,250
All Other Contributions
$440,330
Change in Net Assets
$13,322

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,319,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,319,794
Total Revenue per Form 990
$1,319,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,116,338
Salaries, Compensation, and Employee Benefits$190,134
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$484,401--$484,401
Other Salaries and Wages$190,134--$190,134
All Other Expenses$133,246--$133,246
Advertising$87,851--$87,851
Other Expenses$56,030--$56,030
Fees for Services Legal$16,583--$16,583
Fees for Services Accounting$13,476--$13,476
Travel$4,051--$4,051
Office Expenses$2,500--$2,500
Insurance$1,341--$1,341
Total Functional Expenses$1,306,472$0$0$1,306,472

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,306,472
Total Expenses per Audited Statements$1,306,472
Total Expenses per Form 990$1,306,472
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 11B

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
2018-01-12
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

Syllabus/final program: program service expenses 35,504. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,504. Bank fees: program service expenses 20,431. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,431. Independent contractors: program service expenses 19,958. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,958. Website housing: program service expenses 11,055. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,055. Cme fees: program service expenses 9,750. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,750. Honored professors: program service expenses 6,733. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,733. Awards/plaques: program service expenses 5,444. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,444. Supplies: program service expenses 5,237. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,237. Computer programer: program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. Email server expense: program service expenses 4,706. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,706. Designers: program service expenses 3,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,100. Photographer: program service expenses 2,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,050. Security: program service expenses 1,643. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,643. Database email list updating: program service expenses 1,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,500. Postage and mailing: program service expenses 968. Management and general expenses 0. Fundraising expenses 0. Total expenses 968. Business registration fees: program service expenses 167. Management and general expenses 0. Fundraising expenses 0. Total expenses 167.

Raw XML Appendix335 raw XML fields

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/ExplanationTxt3SYLLABUS/FINAL PROGRAM: PROGRAM SERVICE EXPENSES 35,504. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,504. BANK FEES: PROGRAM SERVICE EXPENSES 20,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,431. INDEPENDENT CONTRACTORS: PROGRAM SERVICE EXPENSES 19,958. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,958. WEBSITE HOUSING: PROGRAM SERVICE EXPENSES 11,055. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,055. CME FEES: PROGRAM SERVICE EXPENSES 9,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,750. HONORED PROFESSORS: PROGRAM SERVICE EXPENSES 6,733. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,733. AWARDS/PLAQUES: PROGRAM SERVICE EXPENSES 5,444. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,444. SUPPLIES: PROGRAM SERVICE EXPENSES 5,237. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,237. COMPUTER PROGRAMER: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,000. EMAIL SERVER EXPENSE: PROGRAM SERVICE EXPENSES 4,706. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,706. DESIGNERS: PROGRAM SERVICE EXPENSES 3,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,100. PHOTOGRAPHER: PROGRAM SERVICE EXPENSES 2,050. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,050. SECURITY: PROGRAM SERVICE EXPENSES 1,643. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,643. DATABASE EMAIL LIST UPDATING: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. POSTAGE AND MAILING: PROGRAM SERVICE EXPENSES 968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 968. BUSINESS REGISTRATION FEES: PROGRAM SERVICE EXPENSES 167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 167.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0619217
IRS990/TotalAssetsEOYAmt0416882
IRS990/TotalAssetsGrp/BOYAmt0619217
IRS990/TotalAssetsGrp/EOYAmt0416882
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0440330
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01306472
IRS990/TotalFunctionalExpensesGrp/TotalAmt01306472
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0472340
IRS990/TotalLiabilitiesEOYAmt0323057
IRS990/TotalLiabilitiesGrp/BOYAmt0472340
IRS990/TotalLiabilitiesGrp/EOYAmt0323057
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0146877
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt093825
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01306472
IRS990/TotalProgramServiceRevenueAmt0876214
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0879464
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01319794
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0619217
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0416882
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04051
IRS990/TravelGrp/TotalAmt04051
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0146877
IRS990/UnrestrictedNetAssetsGrp/EOYAmt093825
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/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PLANCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02038632003
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-12
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/FilingSecurityInformation/AtSubmissionCreationDeviceId059AE48E68B920F5705AD4D8A8FB8ABCCFD5D01CA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C5127BA74805A20464441B3097D8E63DF96999FF
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.9.102.153
ReturnHeader/FilingSecurityInformation/IPDt02018-01-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:59:29
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/ReturnTs02018-01-15T09:32:50-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-03-01
ReturnHeader/TaxPeriodEndDt02017-02-28
ReturnHeader/TaxYr02016

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