Civic Intelligence

Oset Inc.

990 • Fiscal year 2022 • EIN 47-3488865

Mar 01, 2021 to Feb 28, 2022 • Filed on Jan 17, 2023

35 Mayflower Avenue Unit BStamford, CT 06906

(646) 513-8131

Siviq Scores

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

Liabilities / Assets

81st percentile

0.42x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.36x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

99%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

123%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,647,627

Up $1,318,579 (+99%) from 2021

Net Assets

Up

$1,533,278

Up $482,223 (+46%) from 2021

Liabilities

Up

$1,114,349

Up $836,356 (+301%) from 2021

Revenue

Up

$3,136,754

Up $1,727,905 (+123%) from 2021

Expenses

Up

$2,623,992

Up $1,076,056 (+70%) from 2021

Net Income

Up

$512,762

Up $651,849 (+469%) from 2021

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

2022

Assets$2,647,627
Liabilities$1,114,349
Net Assets$1,533,278

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

2022

Revenue$3,136,754
Expenses$2,623,992
Net Income$512,762
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Jan 17, 2023
Return Version
2021v4.2
Gross Receipts
$3,136,754
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$1,236,289$2,394,340▲ $1,158,051
Accounts Receivable$90,364$181,337▲ $90,973
Total Assets$1,329,048$2,647,627▲ $1,318,579
Other Assets Total$2,395$71,950▲ $69,555
Liabilities
Accounts Payable and Accrued Expenses$148,501$1,099,406▲ $950,905
Other Liabilities$129,492$14,943▼ $114,549
Total Liabilities$277,993$1,114,349▲ $836,356
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,051,055$1,533,278▲ $482,223
Total Net Assets Fund Balance$1,051,055$1,533,278▲ $482,223
Total Liabilities and Net Assets / Fund Balance$1,329,048$2,647,627▲ $1,318,579
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin F Bonner MdExecutive Vice Conference Chair
Joseph a Abboud MdVice Conference Chair
Brian Busconi MdPresident
Jill PlancherVice President
Stephanie Peterson PhdChief Education Officer
Kevin D Plancher MdFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$159,144
Program Service Revenue
$2,895,076
Investment Income
$0
Other Revenue
$82,534
All Other Contributions
$159,144
Change in Net Assets
$512,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,623,992
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$1,006,641--$1,006,641
All Other Expenses$601,142$2,813-$603,955
Other Expenses$152,002--$152,002
Advertising$104,099--$104,099
Travel$26,167--$26,167
Office Expenses$9,422--$9,422
Fees for Services Accounting-$8,000-$8,000
Fees for Services Legal-$7,005-$7,005
Fees for Services Other-$6,025-$6,025
Insurance$1,230--$1,230
Total Functional Expenses$2,600,149$23,843$0$2,623,992
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$14,943
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
35 MAYFLOWER AVENUE UNIT B, STAMFORD, CT 06906

Signing Officer

Name
Jill Plancher
Title
Vice President
Phone
6465138131
Signed
2023-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Plancher
Formed
2015
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
38

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

Surgical labs: program service expenses 127,414. Management and general expenses 0. Fundraising expenses 0. Total expenses 127,414. Faculty dinner: program service expenses 126,968. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,968. Participant gifts: program service expenses 87,991. Management and general expenses 0. Fundraising expenses 0. Total expenses 87,991. Awards/plaques: program service expenses 52,677. Management and general expenses 0. Fundraising expenses 0. Total expenses 52,677. Syllabus/final program: program service expenses 50,528. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,528. Bank fees: program service expenses 45,739. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,739. Health and safety : program service expenses 42,183. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,183. Computer programer: program service expenses 21,053. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,053. Photography : program service expenses 18,182. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,182. Grants expense : program service expenses 14,183. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,183. Email server expense: program service expenses 7,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,375. Cme fees: program service expenses 3,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,450. Chairman & board expenses: program service expenses 0. Management and general expenses 2,813. Fundraising expenses 0. Total expenses 2,813. Miscellaneous: program service expenses 2,570. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,570. License fee: program service expenses 668. Management and general expenses 0. Fundraising expenses 0. Total expenses 668. Transcription service: program service expenses 161. Management and general expenses 0. Fundraising expenses 0. Total expenses 161.

FORM 990, PART XI, LINE 9:

Investment value changes -30,539.

Raw XML Appendix364 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt014943
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/ExplanationTxt3SURGICAL LABS: PROGRAM SERVICE EXPENSES 127,414. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 127,414. FACULTY DINNER: PROGRAM SERVICE EXPENSES 126,968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 126,968. PARTICIPANT GIFTS: PROGRAM SERVICE EXPENSES 87,991. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 87,991. AWARDS/PLAQUES: PROGRAM SERVICE EXPENSES 52,677. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,677. SYLLABUS/FINAL PROGRAM: PROGRAM SERVICE EXPENSES 50,528. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,528. BANK FEES: PROGRAM SERVICE EXPENSES 45,739. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,739. HEALTH AND SAFETY : PROGRAM SERVICE EXPENSES 42,183. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,183. COMPUTER PROGRAMER: PROGRAM SERVICE EXPENSES 21,053. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,053. PHOTOGRAPHY : PROGRAM SERVICE EXPENSES 18,182. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,182. GRANTS EXPENSE : PROGRAM SERVICE EXPENSES 14,183. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,183. EMAIL SERVER EXPENSE: PROGRAM SERVICE EXPENSES 7,375. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,375. CME FEES: PROGRAM SERVICE EXPENSES 3,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,450. CHAIRMAN & BOARD EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,813. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,813. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 2,570. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,570. LICENSE FEE: PROGRAM SERVICE EXPENSES 668. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 668. TRANSCRIPTION SERVICE: PROGRAM SERVICE EXPENSES 161. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INVESTMENT VALUE CHANGES -30,539.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01329048
IRS990/TotalAssetsEOYAmt02647627
IRS990/TotalAssetsGrp/BOYAmt01329048
IRS990/TotalAssetsGrp/EOYAmt02647627
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0159144
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02600149
IRS990/TotalFunctionalExpensesGrp/TotalAmt02623992
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0277993
IRS990/TotalLiabilitiesEOYAmt01114349
IRS990/TotalLiabilitiesGrp/BOYAmt0277993
IRS990/TotalLiabilitiesGrp/EOYAmt01114349
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01051055
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01533278
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02600149
IRS990/TotalProgramServiceRevenueAmt02895076
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02977610
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03136754
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt038
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01329048
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02647627
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt026167
IRS990/TravelGrp/TotalAmt026167
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt035 MAYFLOWER AVENUE UNIT B
IRS990/USAddress/CityNm0STAMFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006906
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://WWW.ORTHOSUMMIT.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL PLANCHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06465138131
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSET INC
ReturnHeader/Filer/BusinessNameControlTxt0OSET
ReturnHeader/Filer/EIN0473488865
ReturnHeader/Filer/PhoneNum06465138131
ReturnHeader/Filer/USAddress/AddressLine1Txt035 MAYFLOWER AVENUE UNIT B
ReturnHeader/Filer/USAddress/CityNm0STAMFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006906
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/ReturnTs02023-01-17T16:06:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JILL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PLANCHER
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

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