Civic Intelligence

Transparentem Ltd.

990 • Fiscal year 2015 • EIN 47-5175472

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 13, 2017

405 Lexington Ave No 29ANew York, NY 10174

(646) 685-3732

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.08x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Net Margin

95th percentile

79%

Higher net margin than 95% of similar nonprofits.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$7,500

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2015 filings • NTEE P20 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$214,199

No earlier filing loaded for comparison.

Net Assets

$198,039

No earlier filing loaded for comparison.

Liabilities

$16,160

No earlier filing loaded for comparison.

Revenue

$250,000

No earlier filing loaded for comparison.

Expenses

$51,961

No earlier filing loaded for comparison.

Net Income

$198,039

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $214,199Liabilities 2015: $16,160Net Assets 2015: $198,0392015Assets 2016: $1,011,762Liabilities 2016: $26,949Net Assets 2016: $984,8132016Assets 2017: $2,040,911Liabilities 2017: $35,585Net Assets 2017: $2,005,3262017Assets 2018: $3,454,695Liabilities 2018: $110,358Net Assets 2018: $3,344,3372018Assets 2019: $3,835,405Liabilities 2019: $135,246Net Assets 2019: $3,700,1592019Assets 2020: $957,903Liabilities 2020: $166,352Net Assets 2020: $791,5512020Assets 2021: $2,234,391Liabilities 2021: $543,220Net Assets 2021: $1,691,1712021Assets 2022: $754,897Liabilities 2022: $108,976Net Assets 2022: $645,9212022Assets 2023: $1,488,930Liabilities 2023: $117,415Net Assets 2023: $1,371,5152023Assets 2024: $386,343Liabilities 2024: $112,201Net Assets 2024: $274,1422024

Highlighted filing

2015

Assets$214,199
Liabilities$16,160
Net Assets$198,039

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2015: $250,000Expenses 2015: $51,961Net Income 2015: $198,0392015Revenue 2016: $2,047,855Expenses 2016: $1,230,157Net Income 2016: $817,6982016Revenue 2017: $3,190,742Expenses 2017: $2,170,229Net Income 2017: $1,020,5132017Revenue 2018: $4,521,663Expenses 2018: $3,182,652Net Income 2018: $1,339,0112018Revenue 2019: $3,752,295Expenses 2019: $3,396,473Net Income 2019: $355,8222019Revenue 2020: $736,617Expenses 2020: $3,645,225Net Income 2020: -$2,908,6082020Revenue 2021: $4,135,029Expenses 2021: $3,235,409Net Income 2021: $899,6202021Revenue 2022: $2,148,957Expenses 2022: $3,194,207Net Income 2022: -$1,045,2502022Revenue 2023: $3,613,747Expenses 2023: $2,888,153Net Income 2023: $725,5942023Revenue 2024: $1,404,580Expenses 2024: $2,501,953Net Income 2024: -$1,097,3732024

Highlighted filing

2015

Revenue$250,000
Expenses$51,961
Net Income$198,039
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 13, 2017
Return Version
2015v3.0
Gross Receipts
$250,000
Mission and Program Overview

Mission

To illuminate human and environmental abuses in manufacturing supply chains in order to spur eradication of those abuses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$200,000-
Cash and Non-Interest-Bearing Accounts-$14,199-
Total Assets$0$214,199▲ $214,199
Liabilities
Accounts Payable and Accrued Expenses-$16,160-
Total Liabilities$0$16,160▲ $16,160
Net Assets / Fund Balance
Unrestricted Net Assets-$198,039-
Total Net Assets Fund Balance$0$198,039▲ $198,039
Total Liabilities and Net Assets / Fund Balance$0$214,199▲ $214,199
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rachel G JacksonSecretaryFT$7,500$7,500

Board Members and Trustees

NameTitle
E Benjamin SkinnerPresident and Treasurer
Anya SchiffrinDirector
M Kyle WrightDirector
Monique VillaDirector
Timothy IsgittDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$250,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,000
Change in Net Assets
$198,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,876
Salaries, Compensation, and Employee Benefits$8,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$31,196$42-$31,238
Travel$9,479--$9,479
Current Officers, Directors, Trustees, and Key Employees$7,500--$7,500
Office Expenses$1,114$885-$1,999
Other Employee Benefits-$585-$585
Advertising$416--$416
Conferences and Meetings$373--$373
Information Technology-$131-$131
Fees for Services Legal-$120-$120
Other Expenses-$20-$20
Total Functional Expenses$50,078$1,883$0$51,961
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
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 11

The 990 is reviewed by the full board before it is signed by the president and filed with the irs.

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

All officers and board members are required to disclose any conflicts and sign a conflict of interest policy when they first join the board, and every year after. The board secretary follows up and enforces compliance with the policy.

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

The board compensation committee uses market data for similar organizations in the new york area, as well as the 990s of other similar non-profit organizations in determining the compensation for the president, officers and key employees. The compensation committee then recommends the compensation of the president, officers and key employees to the board, who will consider it and vote on it.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Transparentem Ltd
EIN
47-5175472
Phone
6466853732
Address
405 LEXINGTON AVE NO 29A, NEW YORK, NY 10174

Signing Officer

Name
E Benjamin Skinner
Title
President
Phone
6466853732
Signed
2017-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
E Benjamin Skinner
Formed
2015
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Jones Maresca & Mcquade Pa
Address
10500 LITTLE PATUXENT PARKWAY SUITE, 770, COLUMBIA, MD 21044
Preparer
David Jones
Phone
4108840220
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 31,166. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,166. Other professional fees: program service expenses 30. Management and general expenses 42. Fundraising expenses 0. Total expenses 72.

FORM 990, PART B:

The organization is amending its initial 990ez return to properly report its accounting method as accrual basis and not cash basis; to properly report revenue which was not reported on its initial return; and to delete the erroneous 990t filed with the initial return.

Raw XML Appendix312 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/ExplanationTxt0THE 990 IS REVIEWED BY THE FULL BOARD BEFORE IT IS SIGNED BY THE PRESIDENT AND FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS AND SIGN A CONFLICT OF INTEREST POLICY WHEN THEY FIRST JOIN THE BOARD, AND EVERY YEAR AFTER. THE BOARD SECRETARY FOLLOWS UP AND ENFORCES COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD COMPENSATION COMMITTEE USES MARKET DATA FOR SIMILAR ORGANIZATIONS IN THE NEW YORK AREA, AS WELL AS THE 990S OF OTHER SIMILAR NON-PROFIT ORGANIZATIONS IN DETERMINING THE COMPENSATION FOR THE PRESIDENT, OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE THEN RECOMMENDS THE COMPENSATION OF THE PRESIDENT, OFFICERS AND KEY EMPLOYEES TO THE BOARD, WHO WILL CONSIDER IT AND VOTE ON IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 31,166. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,166. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 30. MANAGEMENT AND GENERAL EXPENSES 42. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION IS AMENDING ITS INITIAL 990EZ RETURN TO PROPERLY REPORT ITS ACCOUNTING METHOD AS ACCRUAL BASIS AND NOT CASH BASIS; TO PROPERLY REPORT REVENUE WHICH WAS NOT REPORTED ON ITS INITIAL RETURN; AND TO DELETE THE ERRONEOUS 990T FILED WITH THE INITIAL RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART B:
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0E BENJAMIN SKINNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06466853732
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRANSPARENTEM LTD
ReturnHeader/Filer/BusinessNameControlTxt0TRAN
ReturnHeader/Filer/EIN0475175472
ReturnHeader/Filer/PhoneNum06466853732
ReturnHeader/Filer/USAddress/AddressLine1Txt0405 LEXINGTON AVE NO 29A
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010174
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521853933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES MARESCA & MCQUADE PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010500 LITTLE PATUXENT PARKWAY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0770
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021044
ReturnHeader/PreparerPersonGrp/PhoneNum04108840220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID JONES
ReturnHeader/ReturnTs02017-10-16T09:44:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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