Civic Intelligence

Gcsen Foundation

990 • Fiscal year 2017 • EIN 47-4484212

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 01, 2018

691 Hurley AveHurley, NY 12443

(212) 444-2071

Siviq Scores

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

Liabilities / Assets

57th percentile

0.05x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$208,321

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 27.4% of source-year revenue.

2017 filings • NTEE B • $500k-$1M nonprofits • Source year 2017

Asset Growth

46th percentile

4.9%

Faster asset growth than 46% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

50th percentile

5.9%

Faster revenue growth than 50% of similar nonprofits.

2017 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$590,632

Up $27,354 (+4.9%) from 2016

Net Assets

Up

$558,767

Up $26,960 (+5.1%) from 2016

Liabilities

Up

$31,865

Up $394 (+1.3%) from 2016

Revenue

Up

$761,359

Up $42,685 (+5.9%) from 2016

Expenses

Up

$734,399

Up $25,098 (+3.5%) from 2016

Net Income

Up

$26,960

Up $17,587 (+188%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $529,461Liabilities 2015: $7,027Net Assets 2015: $522,4342015Assets 2016: $563,278Liabilities 2016: $31,471Net Assets 2016: $531,8072016Assets 2017: $590,632Liabilities 2017: $31,865Net Assets 2017: $558,7672017Assets 2018: $770,452Liabilities 2018: $24,068Net Assets 2018: $746,3842018Assets 2019: $822,105Liabilities 2019: $37,345Net Assets 2019: $784,7602019Assets 2020: $435,177Liabilities 2020: $12,866Net Assets 2020: $422,3112020Assets 2021: $814,789Liabilities 2021: $34,877Net Assets 2021: $779,9122021Assets 2022: $429,855Liabilities 2022: $49,218Net Assets 2022: $380,6372022Assets 2023: $447,211Liabilities 2023: $49,087Net Assets 2023: $398,1242023Assets 2024: $430,767Liabilities 2024: $49,285Net Assets 2024: $381,4822024

Highlighted filing

2017

Assets$590,632
Liabilities$31,865
Net Assets$558,767

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $600,000Expenses 2015: $77,566Net Income 2015: $522,4342015Revenue 2016: $718,674Expenses 2016: $709,301Net Income 2016: $9,3732016Revenue 2017: $761,359Expenses 2017: $734,399Net Income 2017: $26,9602017Revenue 2018: $757,322Expenses 2018: $569,705Net Income 2018: $187,6172018Revenue 2019: $889,991Expenses 2019: $851,615Net Income 2019: $38,3762019Revenue 2020: $466,903Expenses 2020: $829,352Net Income 2020: -$362,4492020Revenue 2021: $1,232,603Expenses 2021: $875,002Net Income 2021: $357,6012021Revenue 2022: $403,575Expenses 2022: $802,850Net Income 2022: -$399,2752022Revenue 2023: $668,384Expenses 2023: $650,897Net Income 2023: $17,4872023Revenue 2024: $309,912Expenses 2024: $326,554Net Income 2024: -$16,6422024

Highlighted filing

2017

Revenue$761,359
Expenses$734,399
Net Income$26,960
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 1, 2018
Return Version
2017v2.2
Gross Receipts
$761,359
Mission and Program Overview

Mission

The mission of the foundation is to accelerate social entrepreneurship in higher education through innovative and practical programs and cloud-based blended learning technologies.

Accelerate social entrepreneurship in higher education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$504,795$374,005▼ $130,790
Land, Buildings, and Equipment, Net$58,483$49,554▼ $8,929
Total Assets$563,278$590,632▲ $27,354
Other Assets Total$0$167,073▲ $167,073
Liabilities
Other Liabilities$31,471$31,865▲ $394
Total Liabilities$31,471$31,865▲ $394
Net Assets / Fund Balance
Unrestricted Net Assets$531,807$558,767▲ $26,960
Total Net Assets Fund Balance$531,807$558,767▲ $26,960
Total Liabilities and Net Assets / Fund Balance$563,278$590,632▲ $27,354

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$49,554$17,509$67,063
Other Assets Org$3,867--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael J Caslin IiiPresidentFT$199,992$8,329$208,321
Anthony M DimarcoManaging DirectorFT$101,000$3,818$104,818

Board Members and Trustees

NameTitle
Edward RogoffDirector
Irene Lavado-caslinDirector
William TowellDirector
J Caleb Boggs IiiSecretary
Jack MariottiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$730,332
Program Service Revenue
$31,027
Investment Income
$0
Other Revenue
$0
All Other Contributions
$730,332
Change in Net Assets
$26,960

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Intellectual Property2$114,671Appraisal
Books and Publications-$57,657Appraisal
Total Noncash Contributions2$172,328-

Audited Revenue Reconciliation

Revenue per Audited Statements
$761,359
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$761,359
Total Revenue per Form 990
$761,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$475,830
Other Expenses$258,569
Total Fundraising Expense$20,961
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,000--$243,000
Current Officers, Directors, Trustees, and Key Employees$174,492$16,500$10,000$200,992
Travel$21,297$19,167$2,130$42,594
Occupancy$18,217$16,395$1,819$36,431
Conferences and Meetings$16,366$14,729$1,637$32,732
Payroll Taxes$15,919$14,327$1,592$31,838
Fees for Services Accounting$14,460$13,014$1,445$28,919
Office Expenses$11,380$10,242$1,138$22,760
Depreciation Depletion$18,668--$18,668
Fees for Services Other$4,074$3,667$409$8,150
Insurance$2,393$2,153$239$4,785
Advertising$1,638$1,474$164$3,276
Fees for Services Legal$742$667$74$1,483
Other Expenses$364$328$36$728
Total Functional Expenses$598,273$115,165$20,961$734,399

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$734,399
Total Expenses per Audited Statements$734,399
Total Expenses per Form 990$734,399
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
Accrued Expenses$31,865
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
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

Irene lavado-caslin is married to michael j caslin iii, director president

Form 990, Part VI, Section B, Line 11B

Governing body reviews 990 and aproves the electronic filing of the form before it is filed by its independent accountants.

Form 990, Part VI, Section B, Line 15

All salaries are approved by the board.

Form 990, Part VI, Section C, Line 19

Documents are made available to the public upon request or on the webiste at www.gcsen.com/duediligence.

Filing and Contact Details

Filer

Filer Name
Gcsen Foundation
EIN
47-4484212
Phone
2124442071
Address
691 HURLEY AVE, HURLEY, NY 12443

Signing Officer

Name
Michael J Caslin Iii
Title
President
Phone
2124442071
Signed
2018-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael J Caslin Iii
Formed
2015
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
0

Preparer

Firm
Leonard C Green & Co Pa
Address
900 ROUTE 9, WOODBRIDGE, NJ 07095
Preparer
Leonard C Green
Phone
7326345100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's board of directors and management take responsibility for the audited financial statements.

Financial Statement Notes

PART X, LINE 2:

The organization had no uncertain tax positions for the year ending 2017 included in the audited financial statements.

Raw XML AppendixShowing 400 of 453 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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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0730332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0682403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0600000
IRS990ScheduleA/Total509Grp/TotalAmt02012735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0761359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0718674
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0600000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02080033
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0734399
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt046667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt164671
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt251868
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33867
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2COURSEWARE-THIS IS LEARNING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3COURSEWARE-DEAN LEARNING
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049554
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017509
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067063
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0761359
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDING 2017 INCLUDED IN THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt049554
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0167073
IRS990ScheduleD/TotalExpensesPerForm990Amt0734399
IRS990ScheduleD/TotalLiabilityAmt031865
IRS990ScheduleD/TotalRevenuePerForm990Amt0761359
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0761359
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0734399
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0199992
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount01000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL J CASLIN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0208321
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd01
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt057657
IRS990ScheduleM/Form8283ReceivedCnt02
IRS990ScheduleM/IntellectualPropertyGrp/ContributionCnt02
IRS990ScheduleM/IntellectualPropertyGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/IntellectualPropertyGrp/NonCashCheckboxInd0X
IRS990ScheduleM/IntellectualPropertyGrp/NoncashContributionsRptF990Amt0114671
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IRENE LAVADO-CASLIN IS MARRIED TO MICHAEL J CASLIN III, DIRECTOR PRESIDENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY REVIEWS 990 AND APROVES THE ELECTRONIC FILING OF THE FORM BEFORE IT IS FILED BY ITS INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL SALARIES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OR ON THE WEBISTE AT WWW.GCSEN.COM/DUEDILIGENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD OF DIRECTORS AND MANAGEMENT TAKE RESPONSIBILITY FOR THE AUDITED FINANCIAL STATEMENTS.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0563278
IRS990/TotalAssetsEOYAmt0590632
IRS990/TotalAssetsGrp/BOYAmt0563278
IRS990/TotalAssetsGrp/EOYAmt0590632
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0730332
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020961
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0115165
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0598273
IRS990/TotalFunctionalExpensesGrp/TotalAmt0734399
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031471
IRS990/TotalLiabilitiesEOYAmt031865
IRS990/TotalLiabilitiesGrp/BOYAmt031471
IRS990/TotalLiabilitiesGrp/EOYAmt031865
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531807
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0558767
IRS990/TotalOtherCompensationAmt011147
IRS990/TotalProgramServiceExpensesAmt0598273
IRS990/TotalProgramServiceRevenueAmt031027
IRS990/TotalReportableCompFromOrgAmt0301992
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031027
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0761359
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0563278
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0590632
IRS990/TotReportableCompRltdOrgAmt00

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