Civic Intelligence

Field Ready Inc.

990 • Fiscal year 2017 • EIN 61-1725201

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 25, 2018

922 Davis StreetEvanston, IL 60201

(773) 969-9750

Siviq Scores

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

Liabilities / Assets

90th percentile

0.76x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.26x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

22nd percentile

-8.9%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

88th percentile

$99,486

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

92nd percentile

74%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

126%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$266,927

Up $113,784 (+74%) from 2016

Net Assets

Down

$62,766

Down $90,377 (-59%) from 2016

Liabilities

Up

$204,161

Up $204,161 from 2016

Revenue

Up

$790,951

Up $440,714 (+126%) from 2016

Expenses

Up

$861,207

Up $655,723 (+319%) from 2016

Net Income

Down

-$70,256

Down $215,009 (-149%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2016: $153,143Liabilities 2016: $0Net Assets 2016: $153,1432016Assets 2017: $266,927Liabilities 2017: $204,161Net Assets 2017: $62,7662017Assets 2018: $403,868Liabilities 2018: $156,480Net Assets 2018: $247,3882018Assets 2019: $780,115Liabilities 2019: $675,020Net Assets 2019: $105,0952019Assets 2020: $1,459,639Liabilities 2020: $1,125,786Net Assets 2020: $333,8532020Assets 2021: $891,610Liabilities 2021: $943,581Net Assets 2021: -$51,9712021Assets 2022: $365,844Liabilities 2022: $224,273Net Assets 2022: $141,5712022Assets 2023: $443,091Liabilities 2023: $238,000Net Assets 2023: $205,0912023Assets 2024: $604,736Liabilities 2024: $305,014Net Assets 2024: $299,7222024

Highlighted filing

2017

Assets$266,927
Liabilities$204,161
Net Assets$62,766

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $350,237Expenses 2016: $205,484Net Income 2016: $144,7532016Revenue 2017: $790,951Expenses 2017: $861,207Net Income 2017: -$70,2562017Revenue 2018: $1,089,515Expenses 2018: $904,893Net Income 2018: $184,6222018Revenue 2019: $1,214,396Expenses 2019: $1,155,524Net Income 2019: $58,8722019Revenue 2020: $2,388,466Expenses 2020: $2,159,708Net Income 2020: $228,7582020Revenue 2021: $3,039,732Expenses 2021: $2,970,796Net Income 2021: $68,9362021Revenue 2022: $2,269,645Expenses 2022: $2,420,360Net Income 2022: -$150,7152022Revenue 2023: $1,086,715Expenses 2023: $941,520Net Income 2023: $145,1952023Revenue 2024: $1,184,057Expenses 2024: $1,091,357Net Income 2024: $92,7002024

Highlighted filing

2017

Revenue$790,951
Expenses$861,207
Net Income-$70,256
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 25, 2018
Return Version
2017v2.2
Gross Receipts
$790,951
Mission and Program Overview

Mission

To transform the way that needs are met in disaster relief and recovery by providing assistance through technology, innovative design and engaging people in new ways. The impact of this will be dramatically improving efficiency in aid delivery by meeting needs that are at best only partially fulfilled at present by cutting procurement costs and reducing transportation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,143$146,656▼ $6,487
Pledges and Grants Receivable-$119,059-
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$153,143$266,927▲ $113,784
Other Assets Total-$1,212-
Liabilities
Accounts Payable and Accrued Expenses-$204,159-
Other Liabilities-$2-
Total Liabilities$0$204,161▲ $204,161
Net Assets / Fund Balance
Temporarily Rstr Net Assets$225,433$77,548▼ $147,885
Unrestricted Net Assets$-72,290$-14,782▲ $57,508
Total Net Assets Fund Balance$153,143$62,766▼ $90,377
Total Liabilities and Net Assets / Fund Balance$153,143$266,927▲ $113,784
Compensation and Service Providers

Employees

NameTitleBaseTotal
Eric JamesPres/ Exec Director$99,486$99,486

Board Members and Trustees

NameTitle
Conrad NowakVice President
Jonathan WillSecretary
Sallie SteinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$789,846
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,105
All Other Contributions
$789,846
Change in Net Assets
$-70,256

Audited Revenue Reconciliation

Revenue per Audited Statements
$790,951
Revenue Not Reported on Form 990
$89,347
Total Revenue per Audited Statements
$880,298
Total Revenue per Form 990
$790,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$761,721
Salaries, Compensation, and Employee Benefits$99,486
Total Fundraising Expense$28,902
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$357,463$26,555$20,102$404,120
Current Officers, Directors, Trustees, and Key Employees$71,486$19,200$8,800$99,486
Travel$96,148$2,674-$98,822
All Other Expenses$26,731$2,207-$28,938
Other Expenses$21,815$205-$22,020
Office Expenses$6,196$3,680-$9,876
Occupancy$7,961$1,025-$8,986
Insurance-$8,526-$8,526
Advertising$2,995$939-$3,934
Total Functional Expenses$767,294$65,011$28,902$861,207

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$950,554
Expenses per Audited Statements$861,207
Total Expenses per Form 990$861,207
Expenses Not Reported on Form 990$89,347
International Activity

International Summary

Offices
2
Employees
18
Spending
$564,724

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram Services & Admin.Relief aid supplies & RD110$300,882
Middle East/N. AfricaProgram Services & Admin.Relief aid supplies & RD03$118,466
South AsiaProgram Services & Admin.Relief aid supplies & RD13$85,354
East Asia/PacificProgram Services & Admin.Relief aid supplies & RD02$48,226
Sub Saharan AfricaProgram Services & Admin.Relief aid supplies & RD00$6,117
South AmericaProgram Services & Admin.Relief aid supplies & RD00$5,119
East AsiaProgram Services & Admin.Relief aid supplies & RD00$560
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
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, Line 11B: Form 990 Review Process

Form 990 is reviewed by the President/Executive Director prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members, contractors, interns and volunteers are required to read and comply with the Organization's Standard Policies, which includes the conflict of interest.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Organization's governing documents, policies and financial statements may be made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Field Ready Inc
EIN
61-1725201
Phone
7739699750
Address
922 Davis Street, Evanston, IL 60201

Signing Officer

Name
Eric James PhD
Title
President
Signed
2018-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric James PhD
Formed
2013
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
20

Preparer

Firm
FK Advisors
Address
600 Academy Drive Suite 140, Northbrook, IL 60062
Preparer
Raymond A Kirschner
Phone
8477706700
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Changes in prior year's amounts audited in the current year = -$20121

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The President/Executive Director has oversight over the audit and selection of independent accountant.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01228072
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01105
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01105
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt01228072
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0789846
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0350237
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt056185
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt031804
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01228072
IRS990ScheduleA/TotalSupportAmt01229177
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt089347
IRS990ScheduleD/DonatedServicesUseFcltsAmt089347
IRS990ScheduleD/ExpensesNotReportedAmt089347
IRS990ScheduleD/ExpensesSubtotalAmt0861207
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/RevenueNotReportedAmt089347
IRS990ScheduleD/RevenueSubtotalAmt0790951
IRS990ScheduleD/TotalExpensesPerForm990Amt0861207
IRS990ScheduleD/TotalLiabilityAmt02
IRS990ScheduleD/TotalRevenuePerForm990Amt0790951
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0880298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0950554
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt22
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt310
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt43
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt31
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt60
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt085354
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1560
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt248226
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3300882
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4118466
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt55119
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt66117
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1East Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2East Asia/Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4Middle East/N. Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt6Sub Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt6Relief aid supplies & RD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5Program Services & Admin.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt6Program Services & Admin.
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt018
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt0564724
IRS990ScheduleF/TotalEmployeeCnt018
IRS990ScheduleF/TotalOfficeCnt02
IRS990ScheduleF/TotalSpentAmt0564724
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the President/Executive Director prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members, contractors, interns and volunteers are required to read and comply with the Organization's Standard Policies, which includes the conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization's governing documents, policies and financial statements may be made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Changes in prior year's amounts audited in the current year = -$20121
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The President/Executive Director has oversight over the audit and selection of independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0225433
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt077548
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0153143
IRS990/TotalAssetsEOYAmt0266927
IRS990/TotalAssetsGrp/BOYAmt0153143
IRS990/TotalAssetsGrp/EOYAmt0266927
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0789846
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028902
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065011
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0767294
IRS990/TotalFunctionalExpensesGrp/TotalAmt0861207
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0204161
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0204161
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0153143
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt062766
IRS990/TotalProgramServiceExpensesAmt0767294
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt099486
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0790951

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