Civic Intelligence

Cobimet Inc

EIN 66-0698414 • 501(c)3 • Bayamon, PR

Profile

Collaboration through the integration of teamwork to promote effectiveness in the virtual services of member institutions

PO Box 2037Bayamon, PR 00960

cobimet.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.29x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

0.32x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$53,688

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

41st percentile

-8.4%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Revenue Growth

63rd percentile

8.5%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$423,405

Down $81,131 (-16%) from 2020

Liabilities

Down

$120,895

Down $83,314 (-41%) from 2020

Net Assets

Up

$302,510

Up $2,183 (+0.7%) from 2020

Operations
Liabilities / Revenue89th percentileNet Margin46th percentile

Revenue

Up

$380,654

Up $57,593 (+18%) from 2020

Expenses

Up

$380,615

Up $65,214 (+21%) from 2020

Net Income

Down

$39

Down $7,621 (-99%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth41st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2019: $480,492Liabilities 2019: $196,904Net Assets 2019: $283,5882019Assets 2020: $504,536Liabilities 2020: $204,209Net Assets 2020: $300,3272020Assets 2022: $423,405Liabilities 2022: $120,895Net Assets 2022: $302,5102022

Highlighted filing

2022

Assets$423,405
Liabilities$120,895
Net Assets$302,510
Open 2022 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2019: $301,684Expenses 2019: $301,197Net Income 2019: $4872019Revenue 2020: $323,061Expenses 2020: $315,401Net Income 2020: $7,6602020Revenue 2022: $380,654Expenses 2022: $380,615Net Income 2022: $392022

Highlighted filing

2022

Revenue$380,654
Expenses$380,615
Net Income$39
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$423,405
Liabilities
$120,895
Net assets
$302,510
Revenue
$380,654
Expenses
$380,615
Net income
$39
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$4.23$1.21$3.03$3.81$3.81$0.00
2020Detailed filing. Detailed filing data is available for this year.$5.05$2.04$3.00$3.23$3.15$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.80$1.97$2.84$3.02$3.01$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 12, 2023
Return Version
2022v5.0
Gross Receipts
$380,654
Mission and Program Overview

Mission

Collaboration through the integration of teamwork to promote effectiveness in the virtual services of member institutions

Educational services in information access to librarians, students, faculty and general community as a virtual library platform

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$405,233$359,713▼ $45,520
Rtn Earn Endowment Incm Other Fnds$300,327$302,510▲ $2,183
Prepaid Expenses and Deferred Charges$47,670$40,439▼ $7,231
Accounts Receivable$47,446$18,347▼ $29,099
Land, Buildings, and Equipment, Net$4,187$4,906▲ $719
Total Assets$504,536$423,405▼ $81,131
Liabilities
Accounts Payable and Accrued Expenses$204,209$120,895▼ $83,314
Total Liabilities$204,209$120,895▼ $83,314
Net Assets / Fund Balance
Total Net Assets Fund Balance$300,327$302,510▲ $2,183
Total Liabilities and Net Assets / Fund Balance$504,536$423,405▼ $81,131

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,906$15,323-
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlos a CrespExecutive DireFT$53,688$53,688
Revenue and Support

Revenue Composition

Contributions and Grants
$380,654
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$39
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,227
Salaries, Compensation, and Employee Benefits$60,321
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$191,067--$191,067
Fees for Services Management$42,735$41,503-$84,238
Current Officers, Directors, Trustees, and Key Employees-$53,817-$53,817
Information Technology$15,464--$15,464
Travel-$8,100-$8,100
Fees for Services Accounting-$7,850-$7,850
Payroll Taxes-$4,554-$4,554
Other Expenses$660$3,562-$3,562
Advertising-$2,577-$2,577
Office Expenses-$2,087-$2,087
Pension Plan Contributions-$1,950-$1,950
Insurance-$836-$836
Total Functional Expenses$249,926$130,689$0$380,615
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Section A Line 6

“MEMBERS”

Part VI Section A Line 7A

“MEMBERS”

Part VI Section A Line 8A and 8B

“All meetings have minutes”

Part VI Section B Line 11

“Copies have been submitted to all”

Part VI Section C Line 19

“As requested are provided by mail or email”

Filing and Contact Details

Filer

Filer Name
Cobimet Inc
EIN
66-0698414
Address
PO BOX 2037, BAYAMON, PR 00960

Signing Officer

Name
Carlos a Crespo
Title
Executive Director
Phone
7877261709
Signed
2023-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos Crespo
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Best Accounting
Address
1400 AVE DE DIEGO STE 308, CAROLINA, PR 00987
Preparer
Carmen L Maldonado
Phone
7876672455
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.