Civic Intelligence

Gcsen Foundation

990 • Fiscal year 2022 • EIN 47-4484212

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

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

83rd percentile

0.11x

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

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.12x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Net Margin

8th percentile

-99%

Higher net margin than 8% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$212,667

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 52.7% of source-year revenue.

2022 filings • NTEE B • <$500k nonprofits • Source year 2022

Asset Growth

8th percentile

-47%

Faster asset growth than 8% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-67%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • NTEE B • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$429,855

Down $384,934 (-47%) from 2021

Net Assets

Down

$380,637

Down $399,275 (-51%) from 2021

Liabilities

Up

$49,218

Up $14,341 (+41%) from 2021

Revenue

Down

$403,575

Down $829,028 (-67%) from 2021

Expenses

Down

$802,850

Down $72,152 (-8.2%) from 2021

Net Income

Down

-$399,275

Down $756,876 (-212%) from 2021

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

2022

Assets$429,855
Liabilities$49,218
Net Assets$380,637

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

2022

Revenue$403,575
Expenses$802,850
Net Income-$399,275
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$403,575
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$405,239$23,489▼ $381,750
Prepaid Expenses and Deferred Charges-$3,959-
Land, Buildings, and Equipment, Net$6,330$2,618▼ $3,712
Pledges and Grants Receivable$10,712$2,000▼ $8,712
Total Assets$814,789$429,855▼ $384,934
Other Assets Total$392,508$397,789▲ $5,281
Liabilities
Other Liabilities$34,877$49,218▲ $14,341
Total Liabilities$34,877$49,218▲ $14,341
Net Assets / Fund Balance
Net Assets With Donor Restrictions$433,741$0▼ $433,741
Net Assets Without Donor Restrictions$346,171$380,637▲ $34,466
Total Net Assets Fund Balance$779,912$380,637▼ $399,275
Total Liabilities and Net Assets / Fund Balance$814,789$429,855▼ $384,934

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,618$78,988$81,606
Other Assets Org$36,687--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael J Caslin IiiPresidentFT$212,667$212,667
Anthony M DimarcoManaging DirectorFT$129,250$129,250

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$350,574
Program Service Revenue
$53,001
Investment Income
$0
Other Revenue
$0
All Other Contributions
$350,574
Change in Net Assets
$-399,275

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
Intellectual Property1$36,689Appraisal
Total Noncash Contributions1$36,689-

Audited Revenue Reconciliation

Revenue per Audited Statements
$403,575
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$403,575
Total Revenue per Form 990
$403,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$453,650
Other Expenses$349,200
Total Fundraising Expense$28,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$340,167$16,500$10,000$366,667
Fees for Services Other$38,368$34,531$3,837$76,736
Other Employee Benefits$24,680$22,212$2,468$49,360
Occupancy$22,092$19,882$2,209$44,183
Conferences and Meetings$20,659$18,593$2,066$41,318
Depreciation Depletion$35,121--$35,121
Payroll Taxes$11,478$10,330$1,148$22,956
Travel$7,785$7,006$778$15,569
Pension Plan Contributions$7,334$6,600$733$14,667
Office Expenses$2,999$2,699$300$5,998
Other Expenses$2,126$1,913$211$4,250
Advertising$1,179$1,061$118$2,358
Insurance$560$505$56$1,121
Total Functional Expenses$632,070$141,832$28,948$802,850

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$802,850
Total Expenses per Audited Statements$802,850
Total Expenses per Form 990$802,850
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
Line of Credit$49,000
Accrued Expenses$218
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
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 approves 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
2023-11-02
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
0
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

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 included in the audited financial statements.

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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/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt049083
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt035147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0282176
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03629911
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0403575
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01172320
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0406703
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0889991
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0757322
IRS990ScheduleA/Total509Grp/TotalAmt03629911
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0403575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01172320
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0406703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0889991
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0757322
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03629911
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0802850
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt030002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt143116
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt233983
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32532
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt450487
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt564726
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt636786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt799470
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt836687
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2COURSEWARE-THIS IS LEARNING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3COURSEWARE-DEAN LEARNING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc7IPDV DONATION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc8IPDV DONATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02618
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt078988
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt081606
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt149000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0403575
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEAR INCLUDED IN THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02618
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0397789
IRS990ScheduleD/TotalExpensesPerForm990Amt0802850
IRS990ScheduleD/TotalLiabilityAmt049218
IRS990ScheduleD/TotalRevenuePerForm990Amt0403575
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0403575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0802850
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0212667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL J CASLIN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0212667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/IntellectualPropertyGrp/ContributionCnt01
IRS990ScheduleM/IntellectualPropertyGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/IntellectualPropertyGrp/NonCashCheckboxInd0X
IRS990ScheduleM/IntellectualPropertyGrp/NoncashContributionsRptF990Amt036689
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 APPROVES 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/FormAndLineReferenceDesc4PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0814789
IRS990/TotalAssetsEOYAmt0429855
IRS990/TotalAssetsGrp/BOYAmt0814789
IRS990/TotalAssetsGrp/EOYAmt0429855
IRS990/TotalCompGreaterThan150KInd01

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