Civic Intelligence

Bold Idea Inc.

990 • Fiscal year 2023 • EIN 47-3742945

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 02, 2024

PO Box 140904Dallas, TX 75214

(214) 442-1675

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.16x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

38th percentile

-2.0%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

94th percentile

$59,385

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

68th percentile

14%

Faster asset growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

30%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$270,505

Up $32,578 (+14%) from 2022

Net Assets

Down

$226,868

Down $8,495 (-3.6%) from 2022

Liabilities

Up

$43,637

Up $41,073 (+1602%) from 2022

Revenue

Up

$424,260

Up $99,013 (+30%) from 2022

Expenses

Up

$432,755

Up $224,383 (+108%) from 2022

Net Income

Down

-$8,495

Down $125,370 (-107%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $4,683Liabilities 2016: $480Net Assets 2016: $4,2032016Assets 2018: $25,206Liabilities 2018: $1,030Net Assets 2018: $24,1762018Assets 2019: $81,327Liabilities 2019: $2,433Net Assets 2019: $78,8942019Assets 2020: $105,679Liabilities 2020: $13,752Net Assets 2020: $91,9272020Assets 2021: $120,507Liabilities 2021: $2,019Net Assets 2021: $118,4882021Assets 2022: $237,927Liabilities 2022: $2,564Net Assets 2022: $235,3632022Assets 2023: $270,505Liabilities 2023: $43,637Net Assets 2023: $226,8682023Assets 2024: $232,405Liabilities 2024: $11,032Net Assets 2024: $221,3732024Assets 2025: $261,244Liabilities 2025: $23,972Net Assets 2025: $237,2722025

Highlighted filing

2023

Assets$270,505
Liabilities$43,637
Net Assets$226,868

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $26,336Expenses 2016: $27,590Net Income 2016: -$1,2542016Revenue 2018: $54,454Expenses 2018: $59,568Net Income 2018: -$5,1142018Revenue 2019: $122,373Expenses 2019: $67,655Net Income 2019: $54,7182019Revenue 2020: $127,217Expenses 2020: $114,184Net Income 2020: $13,0332020Revenue 2021: $166,308Expenses 2021: $139,802Net Income 2021: $26,5062021Revenue 2022: $325,247Expenses 2022: $208,372Net Income 2022: $116,8752022Revenue 2023: $424,260Expenses 2023: $432,755Net Income 2023: -$8,4952023Revenue 2024: $351,218Expenses 2024: $371,972Net Income 2024: -$20,7542024Revenue 2025: $462,464Expenses 2025: $444,949Net Income 2025: $17,5152025

Highlighted filing

2023

Revenue$424,260
Expenses$432,755
Net Income-$8,495
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 2, 2024
Return Version
2022v5.0
Gross Receipts
$424,260
Mission and Program Overview

Mission

Bold Idea helps students discover computer science through mentoring and hands-on learning with industry professionals, building critical thinking skills and equipping students to succeed in the careers of the future.

Bold Idea creates access to Computer Science in under-resourced communities and prepares students for the technology careers of the future through project-based learning and mentoring from industry professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$177,442$207,820▲ $30,378
Pledges and Grants Receivable$26,819$53,153▲ $26,334
Inventories for Sale or Use$32,380$7,350▼ $25,030
Land, Buildings, and Equipment, Net$1,286$2,182▲ $896
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$237,927$270,505▲ $32,578
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,564$43,637▲ $41,073
Total Liabilities$2,564$43,637▲ $41,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$235,363$224,731▼ $10,632
Net Assets With Donor Restrictions-$2,137-
Total Net Assets Fund Balance$235,363$226,868▼ $8,495
Total Liabilities and Net Assets / Fund Balance$237,927$270,505▲ $32,578

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,182$1,538$3,720
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robyn BrownPresident & CEOFT$59,385$59,385

Board Members and Trustees

NameTitle
Kris TorresChairman
Greg CrouseDirector
Laquita HallDirector
Maneet SinghDirector
Michael SchultzDirector
Roderick BurnsDirector
Toni Harrison-kellyDirector
Amy CzuchlewskiSecretary
Susan PaulTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$409,916
Program Service Revenue
$8,950
Investment Income
$772
Other Revenue
$4,622
All Other Contributions
$409,916
Change in Net Assets
$-8,495

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$28,760Fair Market Value (FMV)
Clothing and Household Goods-$16,143Fair Market Value (FMV)
Food Inventory1$4,200Fair Market Value (FMV)
Total Noncash Contributions2$49,103-

Audited Revenue Reconciliation

Revenue per Audited Statements
$424,260
Revenue Not Reported on Form 990
$789,832
Total Revenue per Audited Statements
$1,214,092
Total Revenue per Form 990
$424,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$276,937
Other Expenses$127,058
Total Fundraising Expense$109,022
Grants and Similar Amounts Paid$28,760
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$96,045$17,135$48,589$161,769
Current Officers, Directors, Trustees, and Key Employees$55,033$3,769$16,585$75,387
Fees for Services Other$23,342$17,272$12,082$52,696
Information Technology$33,065$634-$33,699
Grants to Domestic Individuals$28,760--$28,760
Other Employee Benefits$9,120$6,420$7,119$22,659
Payroll Taxes$11,057$1,486$4,579$17,122
Insurance-$3,728-$3,728
Other Expenses$3,965$1,953$1,131$3,084
All Other Expenses--$2,000$2,000
Depreciation Depletion-$644-$644
Total Functional Expenses$263,913$59,820$109,022$432,755

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,222,587
Expenses Not Reported on Form 990$789,832
Expenses per Audited Statements$432,755
Total Expenses per Form 990$432,755
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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

The CEO works with an accountant after final approval of an audit to complete a 990 tax return. Finance Chair/Treasurer and Board Chair review draft 990 with the CEO. Finance Chair/Treasurer and Board Chair approve final draft copy to CEO.CEO emails final draft copy to the Finance Committee for their review and approval. Upon approval by the Finance Committee, the CEO emails a copy to the Board of Directors.If no feedback from the Board of Directors in one-week period, the CEO will sign the 990 and return to the accountant. Accountant submits 990 to the IRS electronically by the annual deadline.

Form 990, Part VI, Section B, Line 12C

Both Board and staff members have a responsibility to avoid conduct that could create an actual or apparent conflict of interest when conducting business on behalf of Bold Idea. A conflict of interest is any action that might benefit the private interest of a Board member or employee or might result in a possible excess benefit transaction. Board and staff members have a duty to disclose any actual or possible conflict of interest to the CEO or Board members considering a proposed transaction or arrangement. Procedures for addressing potential or actual conflicts of interest are governed by Article X of the Bold Idea organization bylaws.

Form 990, Part VI, Section B, Line 15A

The board arranges for an "independent body" (which means that the person receiving the compensation should not be part of the review process) to conduct a "comparability review." The independent body takes a look at "comparable" salary and benefits data, such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders.

Form 990, Part VI, Section B, Line 15B

The board arranges for an "independent body" (which means that the person receiving the compensation should not be part of the review process) to conduct a "comparability review." The independent body takes a look at "comparable" salary and benefits data, such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Bold Idea Inc
EIN
47-3742945
Phone
2144421675
Address
PO BOX 140904, DALLAS, TX 75214

Signing Officer

Name
Robyn Brown
Title
President & CEO
Signed
2024-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robyn Brown
Formed
2015
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
5
Volunteers
129

Preparer

Firm
Sutton Frost Cary LLP
Address
200 E Front St Suite 200, Arlington, TX 76011
Preparer
Carroll Elizabeth Arnott
Phone
8176498083
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the years ended June 30, 2023. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the years ended June 30, 2023. Accordingly, no provision has been made for federal income tax.GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of June 30, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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