Civic Intelligence

The Foundation for Research on Equal Opportunity

990 • Fiscal year 2019 • EIN 81-2699310

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 01, 2020

201 West 5th St No 1100Austin, TX 78701

(512) 840-1491

Siviq Scores

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

Liabilities / Assets

56th percentile

0.05x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

6th percentile

-32%

Faster asset growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

113%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$158,479

Down $74,070 (-32%) from 2018

Net Assets

Down

$150,187

Down $5,593 (-3.6%) from 2018

Liabilities

Down

$8,292

Down $68,477 (-89%) from 2018

Revenue

Up

$827,231

Up $438,587 (+113%) from 2018

Expenses

Up

$832,824

Up $116,455 (+16%) from 2018

Net Income

Up

-$5,593

Up $322,132 (+98%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $122,820Liabilities 2016: $0Net Assets 2016: $122,8202016Assets 2017: $487,396Liabilities 2017: $3,891Net Assets 2017: $483,5052017Assets 2018: $232,549Liabilities 2018: $76,769Net Assets 2018: $155,7802018Assets 2019: $158,479Liabilities 2019: $8,292Net Assets 2019: $150,1872019Assets 2020: $226,391Liabilities 2020: $35,468Net Assets 2020: $190,9232020Assets 2021: $624,869Liabilities 2021: $63,158Net Assets 2021: $561,7112021Assets 2022: $912,359Liabilities 2022: $77,829Net Assets 2022: $834,5302022Assets 2023: $1,772,889Liabilities 2023: $352,631Net Assets 2023: $1,420,2582023Assets 2024: $854,952Liabilities 2024: $0Net Assets 2024: $854,9522024

Highlighted filing

2019

Assets$158,479
Liabilities$8,292
Net Assets$150,187

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: $175,000Expenses 2016: $52,180Net Income 2016: $122,8202016Revenue 2017: $743,010Expenses 2017: $382,325Net Income 2017: $360,6852017Revenue 2018: $388,644Expenses 2018: $716,369Net Income 2018: -$327,7252018Revenue 2019: $827,231Expenses 2019: $832,824Net Income 2019: -$5,5932019Revenue 2020: $987,673Expenses 2020: $946,938Net Income 2020: $40,7352020Revenue 2021: $1,480,083Expenses 2021: $1,109,295Net Income 2021: $370,7882021Revenue 2022: $2,038,270Expenses 2022: $1,765,451Net Income 2022: $272,8192022Revenue 2023: $3,248,169Expenses 2023: $2,662,441Net Income 2023: $585,7282023Revenue 2024: $3,078,799Expenses 2024: $2,550,142Net Income 2024: $528,6572024

Highlighted filing

2019

Revenue$827,231
Expenses$832,824
Net Income-$5,593
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 1, 2020
Return Version
2019v5.1
Gross Receipts
$827,231
Mission and Program Overview

Mission

The foundation for research on equal opportunity conducts original research on expanding economic opportunity to those who least have it. Freopp is committed to deploying the nation's leading scholars and the tools of individual liberty, free enterprise, and (cont. On sch o) technological innovation to serve this mission. All research conducted by freopp considers the impact of public policies and proposed reforms on those with incomes or wealth below the u.s. Median.

The foundation for research on equal opportunity conducts original research on (cont. On sch o) expanding economic opportunity to those who least have it. Freopp is committed to deploying the nation's leading scholars and the tools of individual liberty, free enterprise, and technological innovation to serve this mission. All research conducted by freopp considers the impact of public policies and proposed reforms on those with incomes or wealth below the u.s. Median.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$229,167$153,808▼ $75,359
Prepaid Expenses and Deferred Charges$3,382$4,671▲ $1,289
Total Assets$232,549$158,479▼ $74,070
Liabilities
Accounts Payable and Accrued Expenses$76,769$8,292▼ $68,477
Total Liabilities$76,769$8,292▼ $68,477
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$180,170-
Net Assets Without Donor Restrictions$155,780$-29,983▼ $185,763
Total Net Assets Fund Balance$155,780$150,187▼ $5,593
Total Liabilities and Net Assets / Fund Balance$232,549$158,479▼ $74,070
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kristina RibaliSecretary, TreasurerFT$139,585$139,585

Board Members and Trustees

NameTitle
Jonathan BushChairman
Ames BrownFormer Chairman
Avik RoyPresident/board Member
Juleanna GloverBoard Member
Lanhee ChenBoard Member
Michael MiltenbergerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$827,231
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$827,231
Change in Net Assets
$-5,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$827,231
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$827,231
Total Revenue per Form 990
$827,231
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$457,518
Other Expenses$308,181
Total Fundraising Expense$122,138
Professional Fundraising Fees$59,625
Grants and Similar Amounts Paid$7,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$235,950$145,673-$381,623
Office Expenses$45,700$54,564$7,979$108,243
Travel$52,119$561$26,810$79,490
Fees for Services Professional Fundraising--$59,625$59,625
Payroll Taxes$28,808$20,037-$48,845
Conferences and Meetings$23,861$120$18,078$42,059
Other Employee Benefits$15,954$11,096-$27,050
Fees for Services Accounting$53$19,487-$19,540
Information Technology$15,912-$1,116$17,028
Fees for Services Other$2,700-$6,284$8,984
Grants to Domestic Orgs$7,500--$7,500
Fees for Services Legal-$6,338-$6,338
Insurance-$4,924-$4,924
Fees for Services Management$704$3,093-$3,797
Other Expenses$369$0$28$397
All Other Expenses$300$27-$327
Total Functional Expenses$443,169$267,517$122,138$832,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$832,824
Total Expenses per Audited Statements$832,824
Total Expenses per Form 990$832,824
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Talent Market Donors TrustAlexandria, VA-Staff Acquisition Costs$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$59,625
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 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
No
Management duties delegated
No

Governance Explanations

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

The organization provides a copy of the 990 to all board members, and only submits after approval by the board.

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

In accordance with the terms of our conflict of interest policy, members of the board of directors review and sign an annual statement regarding conflicts of interest policy.

Form 990, Part VI, Section B, Line 15

A compensation committee of the board of directors, consisting entirely of independent directors, reviews executive compensation at similar organizations. It uses these submittals as a basis for determining executive compensation. The compensation committee as well as the full board of directors approves executive employment agreements as appropriate.

Form 990, Part VI, Section C, Line 19

Governing documents including current bylaws, conflict of interest disclosures, whistleblower protection policy, executive compensation review, and document retention policy are available on our website, freopp.org and additionally, upon request.

Filing and Contact Details

Filer

Filer Name
The Foundation for Research on Equal
EIN
81-2699310
Phone
5128401491
Address
201 WEST 5TH ST NO 1100, AUSTIN, TX 78701

Signing Officer

Name
Avik Roy
Title
President
Phone
5128401491
Signed
2020-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avik Roy
Formed
2016
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
D K Weiss Holt & Associates Pllc
Address
4660 N BRETON COURT SUITE 102, KENTWOOD, MI 49508
Preparer
Dennis K Weiss CPA
Phone
6168711233
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0125000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02083686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0103
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0199
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41140
IRS990ScheduleA/PublicSupportTotal170Amt0857274
IRS990ScheduleA/SubstantialContributorsTotAmt01226412
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0827231
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0388541
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0742914
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0125000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02083686
IRS990ScheduleA/TotalSupportAmt02083885
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0832824
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0827231
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0832824
IRS990ScheduleD/TotalRevenuePerForm990Amt0827231
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0827231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0832824
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd10
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt10
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-1500
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-58125
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0ELECTROLIFT CREATIVE LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt1AMERICAN PHILANTHROPIC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt01500
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt158125
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt075 WEST STREET 2-A
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1119 N HIGH ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1WEST CHESTER
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1PA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd010006
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd119380
IRS990ScheduleG/LicensedStatesCd0AL
IRS990ScheduleG/LicensedStatesCd1AK
IRS990ScheduleG/LicensedStatesCd2AR
IRS990ScheduleG/LicensedStatesCd3CA
IRS990ScheduleG/LicensedStatesCd4CO
IRS990ScheduleG/LicensedStatesCd5CT
IRS990ScheduleG/LicensedStatesCd6FL
IRS990ScheduleG/LicensedStatesCd7GA
IRS990ScheduleG/LicensedStatesCd8HI
IRS990ScheduleG/LicensedStatesCd9IL
IRS990ScheduleG/LicensedStatesCd10KS
IRS990ScheduleG/LicensedStatesCd11KY
IRS990ScheduleG/LicensedStatesCd12ME
IRS990ScheduleG/LicensedStatesCd13LA
IRS990ScheduleG/LicensedStatesCd14MD
IRS990ScheduleG/LicensedStatesCd15MA
IRS990ScheduleG/LicensedStatesCd16MI
IRS990ScheduleG/LicensedStatesCd17MN
IRS990ScheduleG/LicensedStatesCd18MS
IRS990ScheduleG/LicensedStatesCd19MO
IRS990ScheduleG/LicensedStatesCd20NV
IRS990ScheduleG/LicensedStatesCd21NH
IRS990ScheduleG/LicensedStatesCd22NJ
IRS990ScheduleG/LicensedStatesCd23NM
IRS990ScheduleG/LicensedStatesCd24NY
IRS990ScheduleG/LicensedStatesCd25NC
IRS990ScheduleG/LicensedStatesCd26ND
IRS990ScheduleG/LicensedStatesCd27OH
IRS990ScheduleG/LicensedStatesCd28OK
IRS990ScheduleG/LicensedStatesCd29OR
IRS990ScheduleG/LicensedStatesCd30PA
IRS990ScheduleG/LicensedStatesCd31RI
IRS990ScheduleG/LicensedStatesCd32SC
IRS990ScheduleG/LicensedStatesCd33TN
IRS990ScheduleG/LicensedStatesCd34UT
IRS990ScheduleG/LicensedStatesCd35VA
IRS990ScheduleG/LicensedStatesCd36WA
IRS990ScheduleG/LicensedStatesCd37WV
IRS990ScheduleG/LicensedStatesCd38WI
IRS990ScheduleG/TotalNetToOrganizationAmt0-59625
IRS990ScheduleG/TotalRetainedByContractorsAmt059625
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt07500
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0STAFF ACQUISITION COSTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TALENT MARKET DONORS TRUST
IRS990ScheduleI/RecipientTable/RecipientEIN0522166327
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01800 DIAGONAL RD SUITE 280
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALEXANDRIA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022314
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0240000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt029088
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AVIK ROY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0269088
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE 990 TO ALL BOARD MEMBERS, AND ONLY SUBMITS AFTER APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH THE TERMS OF OUR CONFLICT OF INTEREST POLICY, MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND SIGN AN ANNUAL STATEMENT REGARDING CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, CONSISTING ENTIRELY OF INDEPENDENT DIRECTORS, REVIEWS EXECUTIVE COMPENSATION AT SIMILAR ORGANIZATIONS. IT USES THESE SUBMITTALS AS A BASIS FOR DETERMINING EXECUTIVE COMPENSATION. THE COMPENSATION COMMITTEE AS WELL AS THE FULL BOARD OF DIRECTORS APPROVES EXECUTIVE EMPLOYMENT AGREEMENTS AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS INCLUDING CURRENT BYLAWS, CONFLICT OF INTEREST DISCLOSURES, WHISTLEBLOWER PROTECTION POLICY, EXECUTIVE COMPENSATION REVIEW, AND DOCUMENT RETENTION POLICY ARE AVAILABLE ON OUR WEBSITE, FREOPP.ORG AND ADDITIONALLY, UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL

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