Civic Intelligence

Field Ready Inc.

990 • Fiscal year 2020 • EIN 61-1725201

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

922 Davis StreetEvanston, IL 60201

(773) 969-9750

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,444,775

Up $664,660 (+85%) from 2019

Net Assets

Up

$374,189

Up $269,094 (+256%) from 2019

Liabilities

Up

$1,070,586

Up $395,566 (+59%) from 2019

Revenue And Expenses

Revenue

Up

$2,283,950

Up $1,069,554 (+88%) from 2019

Expenses

Up

$2,257,415

Up $1,101,891 (+95%) from 2019

Net Income

Down

$26,535

Down $32,337 (-55%) from 2019

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: $1,444,775Liabilities 2020: $1,070,586Net Assets 2020: $374,1892020Assets 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

2020

Assets$1,444,775
Liabilities$1,070,586
Net Assets$374,189

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: $2,283,950Expenses 2020: $2,257,415Net Income 2020: $26,5352020Revenue 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

2020

Revenue$2,283,950
Expenses$2,257,415
Net Income$26,535
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.0
Gross Receipts
$2,283,950
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
Savings and Temporary Cash Investments$498,815$695,835▲ $197,020
Cash and Non-Interest-Bearing Accounts$44,965$351,155▲ $306,190
Pledges and Grants Receivable$107,060$288,241▲ $181,181
Loans From Officers Directors$155,577$142,050▼ $13,527
Land, Buildings, and Equipment, Net$70,213$68,520▼ $1,693
Prepaid Expenses and Deferred Charges$3,182$4,245▲ $1,063
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0$0→ $0
Accounts Receivable$0$-471▼ $471
Total Assets$725,825$1,444,775▲ $718,950
Other Assets Total$1,590$37,250▲ $35,660
Liabilities
Deferred Revenue$392,180$632,353▲ $240,173
Accounts Payable and Accrued Expenses$127,264$296,183▲ $168,919
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$675,021$1,070,586▲ $395,565
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$34,272$274,490▲ $240,218
Net Assets With Donor Restrictions$16,532$99,699▲ $83,167
Total Net Assets Fund Balance$50,804$374,189▲ $323,385
Total Liabilities and Net Assets / Fund Balance$725,825$1,444,775▲ $718,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$68,520$1,693$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric JamesPresidentFT$96,000$96,000

Board Members and Trustees

NameTitle
Conrad NowakChairman
Dave HollomanDirector
Jonathan WillSecretary
Sallie StiensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,249,970
Program Service Revenue
$33,456
Investment Income
$29
Other Revenue
$495
All Other Contributions
$1,920,363
Change in Net Assets
$26,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,150,945
Salaries, Compensation, and Employee Benefits$106,470
Total Fundraising Expense$4,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,210,095$40,036$4,000$1,254,131
All Other Expenses$82,790$70,587-$153,377
Travel$128,972$1,544-$130,516
Current Officers, Directors, Trustees, and Key Employees$96,000--$96,000
Occupancy$92,333$12-$92,345
Other Expenses$18,899$14,055$0$32,954
Office Expenses$18,838$134-$18,972
Other Employee Benefits$10,470--$10,470
Fees for Services Legal$6,202--$6,202
Information Technology$4,410--$4,410
Insurance$3,776--$3,776
Advertising$939--$939
Conferences and Meetings$303--$303
Total Functional Expenses$2,088,127$165,288$4,000$2,257,415
International Activity

International Summary

Offices
5
Employees
34
Spending
$1,340,135

International Compliance

Foreign grant records maintained
Yes
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
East Asia and the PacificProgram ServicesRelief aid and supplies319$690,595
Middle East and North AfricaProgram ServicesRelief aid supplies215$649,540
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
Loans from Officers, Directors, Trustees, and Key Employees$155,577$142,050▼ $13,527
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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 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
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 A, Line 8B

The organization has no committee with authority to act on behalf of the governing body.

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

Reviewed by President.

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

All Board members, contractors, interns and volunteers are required to read and comply with the organization's policies, which includes the conflict of interest statement.

Form 990, Part VI, Section C, Line 19

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
Title
President
Phone
7739699750
Signed
2021-11-13

Organization Details

Principal Officer
Eric James
Formed
2013
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting services for field engineers and other specialists

Form 990, Part XI, Line 9

Adjustment for reconciliation of prior year fund balances.

Financial Statement Notes

Schedule D, Part VI, Line 1E

Metal mold for bucket fabrication.

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IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt026535
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02283950
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0498815
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0695835
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Previous period transaction.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02178070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01214300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01089515
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0789846
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0350237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05621968
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0125
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01105
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01105
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99978
IRS990ScheduleA/PublicSupportPY170Pct00.9997
IRS990ScheduleA/PublicSupportTotal170Amt05621968
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02178070
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01214300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01089515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0789846
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0350237
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05621968
IRS990ScheduleA/TotalSupportAmt05623198
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/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt068520
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01693
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt070213
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Metal mold for bucket fabrication.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part VI, Line 1e
IRS990ScheduleD/TotalBookValueLandBuildingsAmt068520
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt019
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt115
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt12
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0690595
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1649540
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Relief aid and supplies
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Relief aid supplies
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Services
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Management review of fund balances is ongoing.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/TotalEmployeeCnt034
IRS990ScheduleF/TotalOfficeCnt05
IRS990ScheduleF/TotalSpentAmt01340135
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0142050
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Salary and reimbursable expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0142050
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Eric James
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt0142050
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has no committee with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reviewed by President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Board members, contractors, interns and volunteers are required to read and comply with the organization's policies, which includes the conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization's governing documents, policies, and financial statements may be made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Consulting services for field engineers and other specialists
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Adjustment for reconciliation of prior year fund balances.

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