Civic Intelligence

Oset Inc.

990 • Fiscal year 2020 • EIN 47-3488865

Mar 01, 2019 to Feb 29, 2020 • Filed on Jan 15, 2021

PO Box 189Bayville, NJ 08721

(646) 513-8131

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.32x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

88th percentile

62%

Faster asset growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,752,778

Up $673,413 (+62%) from 2019

Net Assets

Up

$1,190,142

Up $465,674 (+64%) from 2019

Liabilities

Up

$562,636

Up $207,739 (+59%) from 2019

Revenue

Up

$2,722,511

Up $344,093 (+14%) from 2019

Expenses

Up

$2,256,837

Up $438,763 (+24%) from 2019

Net Income

Down

$465,674

Down $94,670 (-17%) from 2019

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

2020

Assets$1,752,778
Liabilities$562,636
Net Assets$1,190,142

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

2020

Revenue$2,722,511
Expenses$2,256,837
Net Income$465,674
Jump To
Filing Snapshot
Filing Period
Mar 1, 2019 to Feb 29, 2020
Signed
Jan 15, 2021
Return Version
2019v5.1
Gross Receipts
$2,722,511
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.

To organize seminars that provide continuing education opportunities to physicians, other health care professionals and the community throughout the year in every subspecialty from child to aging adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,025,585$1,667,364▲ $641,779
Accounts Receivable$36,750$47,014▲ $10,264
Total Assets$1,079,365$1,752,778▲ $673,413
Other Assets Total$17,030$38,400▲ $21,370
Liabilities
Accounts Payable and Accrued Expenses$275,612$455,304▲ $179,692
Other Liabilities$79,285$107,332▲ $28,047
Total Liabilities$354,897$562,636▲ $207,739
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$724,468$1,190,142▲ $465,674
Total Net Assets Fund Balance$724,468$1,190,142▲ $465,674
Total Liabilities and Net Assets / Fund Balance$1,079,365$1,752,778▲ $673,413
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian Busconi MdPresident, Secretary & Treasurer
Jill PlancherVice President
Kevin D Plancher MdFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$161,425
Program Service Revenue
$2,510,367
Investment Income
$0
Other Revenue
$50,719
All Other Contributions
$161,425
Change in Net Assets
$465,674

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,722,511
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,722,511
Total Revenue per Form 990
$2,722,511
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,256,837
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$944,809--$944,809
All Other Expenses$362,253$2,828-$365,081
Advertising$274,947--$274,947
Other Expenses$104,681--$104,681
Travel$17,798--$17,798
Fees for Services Legal-$8,370-$8,370
Fees for Services Accounting-$8,325-$8,325
Office Expenses$6,984--$6,984
Insurance$1,341--$1,341
Total Functional Expenses$2,237,314$19,523$0$2,256,837

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,256,837
Total Expenses per Audited Statements$2,256,837
Total Expenses per Form 990$2,256,837
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Deposit$107,332
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
6465138131
Address
PO BOX 189, BAYVILLE, NJ 08721

Signing Officer

Name
Kevin Plancher
Title
President
Phone
2038632003
Signed
2021-01-15
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 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 81,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,903. Faculty dinner: program service expenses 79,824. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,824. Bank fees: program service expenses 47,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,983. Computer programer: program service expenses 41,047. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,047. Awards/plaques: program service expenses 33,748. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,748. Medsite: program service expenses 18,096. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,096. License fee: program service expenses 16,412. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,412. Email server expense: program service expenses 12,992. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,992. Photographer: program service expenses 9,373. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,373. Transcription service: program service expenses 3,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,900. Miscellaneous: program service expenses 3,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,497. Cme fees: program service expenses 3,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,400. Postage and mailing: program service expenses 3,167. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,167. Registration it - badges: program service expenses 2,928. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,928. Chairman & board expenses: program service expenses 0. Management and general expenses 2,828. Fundraising expenses 0. Total expenses 2,828. Surgical skill labs: program service expenses 1,411. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,411. Business registration fees: program service expenses 1,341. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,341. Database email list updating: program service expenses 1,105. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,105. Ssl certificate: program service expenses 102. Management and general expenses 0. Fundraising expenses 0. Total expenses 102. Supplies: program service expenses 24. Management and general expenses 0. Fundraising expenses 0. Total expenses 24.

Raw XML Appendix340 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/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 81,903. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,903. FACULTY DINNER: PROGRAM SERVICE EXPENSES 79,824. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,824. BANK FEES: PROGRAM SERVICE EXPENSES 47,983. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,983. COMPUTER PROGRAMER: PROGRAM SERVICE EXPENSES 41,047. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,047. AWARDS/PLAQUES: PROGRAM SERVICE EXPENSES 33,748. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,748. MEDSITE: PROGRAM SERVICE EXPENSES 18,096. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,096. LICENSE FEE: PROGRAM SERVICE EXPENSES 16,412. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,412. EMAIL SERVER EXPENSE: PROGRAM SERVICE EXPENSES 12,992. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,992. PHOTOGRAPHER: PROGRAM SERVICE EXPENSES 9,373. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,373. TRANSCRIPTION SERVICE: PROGRAM SERVICE EXPENSES 3,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,900. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 3,497. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,497. CME FEES: PROGRAM SERVICE EXPENSES 3,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,400. POSTAGE AND MAILING: PROGRAM SERVICE EXPENSES 3,167. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,167. REGISTRATION IT - BADGES: PROGRAM SERVICE EXPENSES 2,928. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,928. CHAIRMAN & BOARD EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,828. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,828. SURGICAL SKILL LABS: PROGRAM SERVICE EXPENSES 1,411. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,411. BUSINESS REGISTRATION FEES: PROGRAM SERVICE EXPENSES 1,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,341. DATABASE EMAIL LIST UPDATING: PROGRAM SERVICE EXPENSES 1,105. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,105. SSL CERTIFICATE: PROGRAM SERVICE EXPENSES 102. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102. SUPPLIES: PROGRAM SERVICE EXPENSES 24. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24.
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01079365
IRS990/TotalAssetsEOYAmt01752778
IRS990/TotalAssetsGrp/BOYAmt01079365
IRS990/TotalAssetsGrp/EOYAmt01752778
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161425
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019523
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02237314
IRS990/TotalFunctionalExpensesGrp/TotalAmt02256837
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0354897
IRS990/TotalLiabilitiesEOYAmt0562636
IRS990/TotalLiabilitiesGrp/BOYAmt0354897
IRS990/TotalLiabilitiesGrp/EOYAmt0562636
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0724468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01190142
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02237314
IRS990/TotalProgramServiceRevenueAmt02510367
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02561086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02722511
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01079365
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01752778
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt017798
IRS990/TravelGrp/TotalAmt017798
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 189
IRS990/USAddress/CityNm0BAYVILLE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008721
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTP://WWW.ORTHOSUMMIT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN PLANCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02038632003
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSET INC
ReturnHeader/Filer/BusinessNameControlTxt0OSET
ReturnHeader/Filer/EIN0473488865
ReturnHeader/Filer/PhoneNum06465138131
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 189
ReturnHeader/Filer/USAddress/CityNm0BAYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008721
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0060903326
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WHITTLESEY 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/ReturnTs02021-01-15T09:28:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-03-01
ReturnHeader/TaxPeriodEndDt02020-02-29
ReturnHeader/TaxYr02019

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