Civic Intelligence

Philanthropy U Inc

990 • Fiscal year 2016 • EIN 81-0956313

Jan 01, 2016 to Dec 31, 2016 • Filed on Jul 02, 2018

360 17th StreetOakland, CA 94612

(510) 879-6546

Siviq Scores

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

Liabilities / Assets

95th percentile

1.19x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

0.05x

Higher debt load relative to revenue than 23% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

39th percentile

-0.2%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$469,666

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$233,842

No earlier filing loaded for comparison.

Net Assets

-$43,869

No earlier filing loaded for comparison.

Liabilities

$277,711

No earlier filing loaded for comparison.

Revenue

$5,247,000

No earlier filing loaded for comparison.

Expenses

$5,259,894

No earlier filing loaded for comparison.

Net Income

-$12,894

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$0-$1.0MAssets 2016: $233,842Liabilities 2016: $277,711Net Assets 2016: -$43,8692016Assets 2017: $2,530,808Liabilities 2017: $670,637Net Assets 2017: $1,860,1712017Assets 2018: $3,080,461Liabilities 2018: $309,241Net Assets 2018: $2,771,2202018Assets 2019: $2,224,150Liabilities 2019: $520,520Net Assets 2019: $1,703,6302019Assets 2020: $414,469Liabilities 2020: $222,483Net Assets 2020: $191,9862020Assets 2021: $52,580Liabilities 2021: $122,079Net Assets 2021: -$69,4992021

Highlighted filing

2016

Assets$233,842
Liabilities$277,711
Net Assets-$43,869

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $5,247,000Expenses 2016: $5,259,894Net Income 2016: -$12,8942016Revenue 2017: $6,455,109Expenses 2017: $4,551,069Net Income 2017: $1,904,0402017Revenue 2018: $5,723,876Expenses 2018: $4,812,827Net Income 2018: $911,0492018Revenue 2019: $3,572,275Expenses 2019: $4,639,865Net Income 2019: -$1,067,5902019Revenue 2020: $3,163,051Expenses 2020: $4,674,695Net Income 2020: -$1,511,6442020Revenue 2021: $1,057,428Expenses 2021: $1,318,913Net Income 2021: -$261,4852021

Highlighted filing

2016

Revenue$5,247,000
Expenses$5,259,894
Net Income-$12,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jul 2, 2018
Return Version
2016v3.0
Gross Receipts
$5,247,000
Mission and Program Overview

Mission

With a mission to transform the capacity of 5,000 local civil society organizations by 2020, philanthropy university provides local leaders with the knowledge, resources and support they needed to better serve their communities and grow their impact.

A digital learning platform that provides local civil society organizations the knowledge and resources they need to better serve their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$199,264-
Land, Buildings, and Equipment, Net$0$16,019▲ $16,019
Prepaid Expenses and Deferred Charges-$8,459-
Other Notes and Loans Receivable, Net-$100-
Total Assets$0$233,842▲ $233,842
Other Assets Total-$10,000-
Liabilities
Accounts Payable and Accrued Expenses$30,975$277,711▲ $246,736
Total Liabilities$30,975$277,711▲ $246,736
Net Assets / Fund Balance
Unrestricted Net Assets$-30,975$-43,869▼ $12,894
Total Net Assets Fund Balance$-30,975$-43,869▼ $12,894
Total Liabilities and Net Assets / Fund Balance$0$233,842▲ $233,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,019$1,527$17,546
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Connor Diemand-YaumanDirector, CEOFT$106,458$2,721$109,179

Board Members and Trustees

NameTitle
David McMurtryDirector, President
Tariq AbbadiDirector
Mohamed Husnee JazeelDirector/Treasurer/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
NovoEd IncConsulting Services854 Folsom St, San Francisco, CA 94107$1,588,900
Haas School of BusinessConsulting Services2220 Piedmont Ave, Berkeley, CA 94720$1,350,000
Revenue and Support

Revenue Composition

Contributions and Grants
$5,247,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-12,894

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,247,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,247,000
Total Revenue per Form 990
$5,247,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,450,935
Salaries, Compensation, and Employee Benefits$808,959
Total Fundraising Expense$149,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$1,938,150$20,489-$1,958,639
Fees for Services Other$1,890,515$57,868-$1,948,383
Other Salaries and Wages$477,695$59,220$28,214$565,129
Current Officers, Directors, Trustees, and Key Employees$90,394$13,446$5,339$109,179
Other Employee Benefits$15,053$84,635$890$100,578
Information Technology$99,167--$99,167
Travel--$93,358$93,358
Fees for Services Legal-$73,897-$73,897
Occupancy-$41,708-$41,708
Payroll Taxes$28,825$3,544$1,704$34,073
Advertising$25,000$170-$25,170
Other Expenses$20,000$155,092$20,000$20,000
Fees for Services Accounting-$11,491-$11,491
Insurance-$2,503-$2,503
Depreciation Depletion-$1,527-$1,527
Total Functional Expenses$4,584,799$525,590$149,505$5,259,894

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,259,894
Total Expenses per Audited Statements$5,259,894
Total Expenses per Form 990$5,259,894
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
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

Form 990, Part VI, Section A, line 2

David McMurthy and Mohamed Husnee Jazeel have a business relationship.

Form 990, Part VI, Section A, line 6

The organization's sole member is Stars Foundation Ltd., a Cayman Islands exempted company.

Form 990, Part VI, Section A, line 7A

The sole member, Stars Foundation Ltd., has the right to appoint all board members.

Form 990, Part VI, Section A, line 7B

Any action required or permitted to be taken at a meeting of the sole member may be taken without meeting, if a written consent which sets forth the action is signed by the CEO of the sole member and filed with the minutes of proceedings of the corporation. The sole member may alter alter the number of directors set by the Certificate of Incorporation.

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

The Form 990 is reviewed at the management level for inconsistency and corrections and is shared with the Board of Directors for a final review and approval prior to filing.

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

All directors of the organization are required to disclose situations or areas in which it might appear that such director has conflicting duties. Where such a conflict exists, the director who has a conflict will withdraw from the debate and shall not vote on the matter in question. Conflicts of Interest are handled as outlined in the policies and through the Head of People Operations for employees and through the CEO for the board of directors.

Form 990, Part VI, Section B, line 15

Philanthropy University evaluates market compensation data for comparable nonprofit education technology companies and aims to offer competitive compensation between the median and 75% of market compensation. For roles where there is not a comparable nonprofit equivalent, we select market compensation data for comparable forprofit education technology companies and discount the data by a factor of 0.85. Compensation for officers is reviewed by our Board, and by the CEO for key employees. The decision is contemporaneously documented.

Form 990, Part VI, Section C, line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Philanthropy U Inc
EIN
81-0956313
Phone
5108796546
Address
360 17th Street, Oakland, CA 94612

Signing Officer

Name
Connor Diemand-yauman
Title
CEO
Phone
5108796546
Signed
2018-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connor Diemand-yauman
Formed
2015
Legal Domicile
De
Voting Board Members
4
Independent Board Members
2
Employees
6
Volunteers
2

Preparer

Firm
Moss Adams LLP
Address
101 Second Street Suite 900, San Francisco, CA 94105
Preparer
Joua V Lo
Phone
4159561500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Fenton: Program service expenses 0. Management and general expenses 57,868. Fundraising expenses 0. Total expenses 57,868. Consulting Fees: Program service expenses 1,890,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,890,515.

Financial Statement Notes

Part X, Line 2:

Philanthropy University has been granted tax-exempt status under section 501(c)(3) of the Internal Revenue Code and section 23701d of the California Revenue and Taxation Cod, and as such no provision for income tax has been made. The organization does not have any material uncertain tax positions or unrelated business income. The organization files exempt organization returns and, if applicable, unrelated business income tax returns in the U.S. federal and California jusrisdictions.

Raw XML AppendixShowing 400 of 457 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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IRS990/Desc0Philanthropy University is an innovative tech-enabled platform that transforms the impact of local organizations working to deliver sustainable development for all.Its goal is to strengthen the capacity of 5,000 organizations and improve the lives of 100 million people by 2020. Philanthropy University's three initiatives provide the knowledge, resources and support local organizations need to enable meaningful, measurable and lasting change. Optimized for the Global South and open to all, the University accelerates local impact with world-class free online courses and vibrant online communities. Its Awards initiative recognizes local impact, celebrating the most promising learners and building organizational resilience with access to capital. And the Philanthropy University Forums inspire local impact at events that mobilizes greater locally-led development cooperation.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Philanthropy University has been granted tax-exempt status under section 501(c)(3) of the Internal Revenue Code and section 23701d of the California Revenue and Taxation Cod, and as such no provision for income tax has been made. The organization does not have any material uncertain tax positions or unrelated business income. The organization files exempt organization returns and, if applicable, unrelated business income tax returns in the U.S. federal and California jusrisdictions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0David McMurtry
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Director, President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0469666
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0David McMurthy and Mohamed Husnee Jazeel have a business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's sole member is Stars Foundation Ltd., a Cayman Islands exempted company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The sole member, Stars Foundation Ltd., has the right to appoint all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Any action required or permitted to be taken at a meeting of the sole member may be taken without meeting, if a written consent which sets forth the action is signed by the CEO of the sole member and filed with the minutes of proceedings of the corporation. The sole member may alter alter the number of directors set by the Certificate of Incorporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Form 990 is reviewed at the management level for inconsistency and corrections and is shared with the Board of Directors for a final review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All directors of the organization are required to disclose situations or areas in which it might appear that such director has conflicting duties. Where such a conflict exists, the director who has a conflict will withdraw from the debate and shall not vote on the matter in question. Conflicts of Interest are handled as outlined in the policies and through the Head of People Operations for employees and through the CEO for the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Philanthropy University evaluates market compensation data for comparable nonprofit education technology companies and aims to offer competitive compensation between the median and 75% of market compensation. For roles where there is not a comparable nonprofit equivalent, we select market compensation data for comparable forprofit education technology companies and discount the data by a factor of 0.85. Compensation for officers is reviewed by our Board, and by the CEO for key employees. The decision is contemporaneously documented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents, conflict of interest policy, and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Fenton: Program service expenses 0. Management and general expenses 57,868. Fundraising expenses 0. Total expenses 57,868. Consulting Fees: Program service expenses 1,890,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,890,515.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, line 11g
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0PO Box 309 Ugland House
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0Grand Cayman
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0CJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ForeignPostalCd0KY1-1104
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0CJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Parent Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Stars Foundation Ltd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Philanthropy U Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Global Stars Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0814600896
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0360 17th Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Oakland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
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IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Global Stars Foundation
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IRS990/TotalEmployeeCnt06
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IRS990/TotalFunctionalExpensesGrp/TotalAmt05259894
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IRS990/TotalRevenueGrp/ExclusionAmt00
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