Civic Intelligence

Ops-Mdy Inc.

990 • Fiscal year 2017 • EIN 47-5678970

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 11, 2018

2130 Mcdonald AvenueBrooklyn, NY 11223

(718) 676-0215

Siviq Scores

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

Liabilities / Assets

94th percentile

1.00x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

33rd percentile

0.0%

Higher net margin than 33% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$268,636

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.4% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

97th percentile

261%

Faster asset growth than 97% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

84th percentile

40%

Faster revenue growth than 84% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$18,778

Up $13,574 (+261%) from 2016

Net Assets

Flat

$0

Flat from 2016

Liabilities

Up

$18,778

Up $13,574 (+261%) from 2016

Revenue

Up

$1,460,694

Up $418,601 (+40%) from 2016

Expenses

Up

$1,460,694

Up $418,601 (+40%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $5,204Liabilities 2016: $5,204Net Assets 2016: $02016Assets 2017: $18,778Liabilities 2017: $18,778Net Assets 2017: $02017Assets 2018: $17,316Liabilities 2018: $17,316Net Assets 2018: $02018Assets 2019: $10,874Liabilities 2019: $10,874Net Assets 2019: $02019Assets 2020: $26,392Liabilities 2020: $26,390Net Assets 2020: $22020Assets 2021: $450,567Liabilities 2021: $142,059Net Assets 2021: $308,5082021Assets 2022: $614,004Liabilities 2022: $22,240Net Assets 2022: $591,7642022Assets 2023: $340,143Liabilities 2023: $27,390Net Assets 2023: $312,7532023Assets 2024: $112,675Liabilities 2024: $38,143Net Assets 2024: $74,5322024

Highlighted filing

2017

Assets$18,778
Liabilities$18,778
Net Assets$0

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,042,093Expenses 2016: $1,042,093Net Income 2016: $02016Revenue 2017: $1,460,694Expenses 2017: $1,460,694Net Income 2017: $02017Revenue 2018: $1,786,995Expenses 2018: $1,786,995Net Income 2018: $02018Revenue 2019: $1,762,091Expenses 2019: $1,762,091Net Income 2019: $02019Revenue 2020: $1,519,252Expenses 2020: $1,519,250Net Income 2020: $22020Revenue 2021: $2,339,516Expenses 2021: $2,033,083Net Income 2021: $306,4332021Revenue 2022: $2,526,000Expenses 2022: $2,297,470Net Income 2022: $228,5302022Revenue 2023: $2,750,000Expenses 2023: $2,985,592Net Income 2023: -$235,5922023Revenue 2024: $2,610,000Expenses 2024: $2,848,221Net Income 2024: -$238,2212024

Highlighted filing

2017

Revenue$1,460,694
Expenses$1,460,694
Net Income$0
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 11, 2018
Return Version
2016v3.0
Gross Receipts
$1,460,694
Mission and Program Overview

Mission

The general purpose of the organization is to assist not-for-profit nonpublic early childhood, elementary and high schools in managing their maintenance and kitchen operations.

To assist not-for-profit schools in managing their maintenance and kitchen operations

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,204$18,778▲ $13,574
Total Assets$5,204$18,778▲ $13,574
Liabilities
Accounts Payable and Accrued Expenses$5,204$18,778▲ $13,574
Total Liabilities$5,204$18,778▲ $13,574
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$5,204$18,778▲ $13,574
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph CheaDirector of Food ServicesFT$110,277$18,284$128,561
Jeffrey GreenbergDirector of Finance--$90,151$90,151

Board Members and Trustees

NameTitle
Jeffrey GindiPresident
Jeff SuttonBoard Member
Susan KreegerChief Operating Officer
Joseph FrancoSecretary
Alberto SuttonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,460,694
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,448,434
Other Expenses$12,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,327,538-$1,327,538
Payroll Taxes-$53,000-$53,000
Other Employee Benefits-$46,592-$46,592
Pension Plan Contributions-$21,304-$21,304
Fees for Services Other-$12,260-$12,260
Total Functional Expenses$0$1,460,694$0$1,460,694
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
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
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

A copy of the form 990 is provided to the full board for their review and acceptance prior to its filing. Any questions are discussed with the external paid preparers.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Ops-mdy Inc
EIN
47-5678970
Phone
7186760215
Address
2130 MCDONALD AVENUE, BROOKLYN, NY 11223

Signing Officer

Name
Joseph Franco
Title
Secretary
Phone
7186760215
Signed
2018-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Franco
Formed
2015
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
62
Volunteers
4

Preparer

Firm
Loeb & Troper Llp
Address
655 THIRD AVENUE 12TH FLOOR, NEW YORK, NY 10017
Preparer
Aaron Shapiro
Phone
2128674000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2

An audit of the organiation's financial statements is ongoing.

Financial Statement Notes

PART X, LINE 2:

Ops-mdy, inc. Has determined that there are no material uncertain tax positions that require recognition or disclosure in the combined financial statements. Periods ending august 31, 2016 and subsequent remain subject to examination by applicable taxing authorities.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE FULL BOARD FOR THEIR REVIEW AND ACCEPTANCE PRIOR TO ITS FILING. ANY QUESTIONS ARE DISCUSSED WITH THE EXTERNAL PAID PREPARERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN AUDIT OF THE ORGANIATION'S FINANCIAL STATEMENTS IS ONGOING.
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