Civic Intelligence

Qi Tao Inc.

990EZ • Fiscal year 2020 • EIN 81-2792398

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

3655 Shore ParkwayBrooklyn, NY 11235

(917) 721-5923

Siviq Scores

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

Liabilities / Assets

99th percentile

5.91x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.33x

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

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Net Margin

23rd percentile

-29%

Higher net margin than 23% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Top Officer Pay

94th percentile

$24,930

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 26.5% of source-year revenue.

2020 filings • NTEE N • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-51%

Faster asset growth than 9% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

60th percentile

-21%

Faster revenue growth than 60% of similar nonprofits.

2020 filings • NTEE N • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,245

Down $5,445 (-51%) from 2019

Net Assets

-$25,774

No earlier filing loaded for comparison.

Liabilities

Up

$31,019

Up $21,994 (+244%) from 2019

Revenue

Down

$94,031

Down $24,260 (-21%) from 2019

Expenses

Up

$121,470

Up $121,470 from 2019

Net Income

Down

-$27,439

Down $145,730 (-123%) from 2019

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20K-$40KAssets 2016: $2,712Liabilities 2016: $02016Assets 2017: $7,500Liabilities 2017: $7,500Net Assets 2017: $02017Assets 2018: $14,875Liabilities 2018: $14,8752018Assets 2019: $10,690Liabilities 2019: $9,0252019Assets 2020: $5,245Liabilities 2020: $31,019Net Assets 2020: -$25,7742020Assets 2021: $2,707Liabilities 2021: $32,499Net Assets 2021: -$29,7922021Assets 2022: $2,772Liabilities 2022: $32,117Net Assets 2022: -$29,3452022Assets 2023: $3,771Liabilities 2023: $34,672Net Assets 2023: -$30,9012023Assets 2024: $2,786Liabilities 2024: $10,958Net Assets 2024: -$8,1722024

Highlighted filing

2020

Assets$5,245
Liabilities$31,019
Net Assets-$25,774

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2016: $37,077Expenses 2016: $34,365Net Income 2016: $2,7122016Revenue 2017: $110,727Expenses 2017: $117,259Net Income 2017: -$6,5322017Revenue 2018: $120,790Expenses 2018: $110,361Net Income 2018: $10,4292018Revenue 2019: $118,291Expenses 2019: $0Net Income 2019: $118,2912019Revenue 2020: $94,031Expenses 2020: $121,470Net Income 2020: -$27,4392020Revenue 2021: $73,650Expenses 2021: $77,668Net Income 2021: -$4,0182021Revenue 2022: $73,596Expenses 2022: $73,149Net Income 2022: $4472022Revenue 2023: $81,501Expenses 2023: $83,057Net Income 2023: -$1,5562023Revenue 2024: $79,563Expenses 2024: $87,735Net Income 2024: -$8,1722024

Highlighted filing

2020

Revenue$94,031
Expenses$121,470
Net Income-$27,439
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$94,031
Mission and Program Overview

Mission

EDUCATION

Program Services

DescriptionGrantsExpenses
TAX FEESUNIFORMS$0$171
none$0$0
none$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TZYANN HSU-BERMANExecutive DirectorFT$24,930-$24,930
PETER BERMANDirector Of Children'S ProgrammingFT$19,950-$19,950
Filing and Contact Details

Filer

Filer Name
Qi Tao Inc
EIN
81-2792398
Phone
9177215923
Address
3655 SHORE PARKWAY, BROOKLYN, NY 11235

Signing Officer

Name
William Strauss
Title
President
Phone
9177215923
Signed
2021-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Advanced Accounting Solutions Inc
Address
23 Middle Street, Newburyport, MA 01950
Preparer
Denise Cassano
Phone
8772967218
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

RENTAL 1350.

Form 990EZ, Part I, Line 8

DONATION 4963.

Form 990EZ, Part I, Line 8

OUTSIDE CONTRACT 11920.

Form 990EZ, Part I, Line 16

PHONE 3785.

Form 990EZ, Part I, Line 16

TRAVEL 562.

Form 990EZ, Part I, Line 16

TAX 7898.

Form 990EZ, Part I, Line 16

SUPPLY 3814.

Form 990EZ, Part I, Line 16

ADVERTISEMENT 473.

Form 990EZ, Part I, Line 16

DISPUTE CHARGE 624.

Form 990EZ, Part I, Line 16

SURCHARGE 30.

Form 990EZ, Part I, Line 16

MEALS 411.

Form 990EZ, Part I, Line 16

MOVING COST 1998.

Form 990EZ, Part II, Line 24

UNIFORMS 500.

Form 990EZ, Part II, Line 26

LOAN 3500.

Form 990EZ, Part II, Line 26

ACCOUNTS PAYABLES 650.

Form 990EZ, Part II, Line 26

LIABILITY 4875.

Raw XML Appendix191 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ADVANCED ACCOUNTING SOLUTIONS INC
IRS990EZ/BooksInCareOfDetail/PhoneNum09175179287
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 278
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ROWLEY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001969
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010190
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05245
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt014041
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-27439
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0300
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt05245
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt094031
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0864
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01665
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-25774
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01665
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-25774
IRS990EZ/OccupancyRentUtltsAndMaintAmt054672
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt024930
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt119950
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TZYANN HSU-BERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PETER BERMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR OF CHILDREN'S PROGRAMMING
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0500
IRS990EZ/OtherExpensesTotalAmt019595
IRS990EZ/OtherRevenueTotalAmt018233
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION
IRS990EZ/ProgramServiceRevenueAmt060893
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0none
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1none
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2TAX FEESUNIFORMS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt2171
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt046903
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt09025
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt031019
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0121470
IRS990EZ/TotalProgramServiceExpensesAmt0171
IRS990EZ/TotalRevenueAmt094031
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.qitaobrooklyn.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02474
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt018900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0975
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt028176
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0113103
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0112360
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt037077
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0262635
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt05075
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05075
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0295886
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0120652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt018900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0113335
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037077
IRS990ScheduleA/Total509Grp/TotalAmt0295886
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0295886
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENTAL 1350.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DONATION 4963.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUTSIDE CONTRACT 11920.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PHONE 3785.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL 562.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TAX 7898.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLY 3814.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADVERTISEMENT 473.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DISPUTE CHARGE 624.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9SURCHARGE 30.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MEALS 411.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MOVING COST 1998.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UNIFORMS 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13LOAN 3500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14ACCOUNTS PAYABLES 650.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LIABILITY 4875.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM STRAUSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09177215923
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0QI TAO INC
ReturnHeader/Filer/BusinessNameControlTxt0QITA
ReturnHeader/Filer/EIN0812792398
ReturnHeader/Filer/PhoneNum09177215923
ReturnHeader/Filer/USAddress/AddressLine1Txt03655 SHORE PARKWAY
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011235
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Advanced Accounting Solutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023 Middle Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Newburyport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001950
ReturnHeader/PreparerPersonGrp/PhoneNum08772967218
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DENISE CASSANO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-16T13:24:00-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRAUSS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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No mirrored PDF or thumbnail assets are attached yet.

Filings