Civic Intelligence

Qi Tao Inc.

990EZ • Fiscal year 2021 • EIN 81-2792398

Jan 01, 2021 to Dec 31, 2021 • Filed on May 16, 2022

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

12.01x

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

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Net Margin

26th percentile

-5.5%

Higher net margin than 26% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$31,080

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 42.2% of source-year revenue.

2021 filings • NTEE N • <$500k nonprofits • Source year 2021

Asset Growth

6th percentile

-48%

Faster asset growth than 6% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

23rd percentile

-22%

Faster revenue growth than 23% of similar nonprofits.

2021 filings • NTEE N • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,707

Down $2,538 (-48%) from 2020

Net Assets

Down

-$29,792

Down $4,018 (-16%) from 2020

Liabilities

Up

$32,499

Up $1,480 (+4.8%) from 2020

Revenue

Down

$73,650

Down $20,381 (-22%) from 2020

Expenses

Down

$77,668

Down $43,802 (-36%) from 2020

Net Income

Up

-$4,018

Up $23,421 (+85%) from 2020

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

2021

Assets$2,707
Liabilities$32,499
Net Assets-$29,792

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

2021

Revenue$73,650
Expenses$77,668
Net Income-$4,018
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 16, 2022
Return Version
2021v4.1
Gross Receipts
$73,650
Mission and Program Overview

Mission

EDUCATION

Program Services

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

Employees

NameTitleFull / Part TimeBaseOtherTotal
TZYANN HSU-BERMANExecutive DirectorFT$31,080-$31,080
PETER BERMANDirector Of Children'S ProgrammingFT$10,595-$10,595
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
2022-05-16
Discuss with paid preparer
Yes

Preparer

Firm
Advanced Accounting Solutions Inc
Address
395 Central St, Rowley, MA 01969
Preparer
Denise Cassano
Phone
9175179287
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

DONATION 75.

Form 990EZ, Part I, Line 8

Foregiveness of ppp loan 12041.

Form 990EZ, Part I, Line 16

PHONE 4027.

Form 990EZ, Part I, Line 16

TRAVEL 3115.

Form 990EZ, Part I, Line 16

TAX 11274.

Form 990EZ, Part I, Line 16

SUPPLY 2918.

Form 990EZ, Part I, Line 16

ADVERTISEMENT 256.

Form 990EZ, Part I, Line 16

LOAN PAYBACK 3000.

Form 990EZ, Part I, Line 16

MEALS 415.

Form 990EZ, Part I, Line 16

UNIFORMS 712.

Form 990EZ, Part I, Line 16

INSURANCE 688.

Form 990EZ, Part I, Line 16

BANK FEE 12.

Form 990EZ, Part I, Line 16

ACCOUNTING FEE 450.

Form 990EZ, Part II, Line 24

UNIFORMS

Form 990EZ, Part II, Line 26

LOAN

Form 990EZ, Part II, Line 26

ACCOUNTS PAYABLES

Form 990EZ, Part II, Line 26

LIABILITY

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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
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/BOYAmt05245
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02707
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-4018
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05245
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02707
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt073650
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0135
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-25774
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-29792
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-25774
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-29792
IRS990EZ/OccupancyRentUtltsAndMaintAmt06713
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt140.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt031080
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110595
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/OtherExpensesTotalAmt026867
IRS990EZ/OtherRevenueTotalAmt012116
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION
IRS990EZ/ProgramServiceRevenueAmt061399
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/ProgramServiceExpensesAmt20
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt044088
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt031019
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt032499
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt077668
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt073650
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.qitaobrooklyn.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt012690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02474
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt018900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0975
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt040866
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt048709
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt095
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0113103
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0112360
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0274267
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt05075
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt05075
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0320208
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt061399
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05922
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0120652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt018900
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0113335
IRS990ScheduleA/Total509Grp/TotalAmt0320208
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0320208
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATION 75.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOREGIVENESS OF PPP LOAN 12041.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PHONE 4027.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRAVEL 3115.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX 11274.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPPLY 2918.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADVERTISEMENT 256.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7LOAN PAYBACK 3000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MEALS 415.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UNIFORMS 712.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INSURANCE 688.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK FEE 12.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ACCOUNTING FEE 450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13UNIFORMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14LOAN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15ACCOUNTS PAYABLES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16LIABILITY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
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 I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 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/SignatureDt02022-05-16
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/PreparerFirmEIN0711020801
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Advanced Accounting Solutions Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0395 Central St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rowley
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001969
ReturnHeader/PreparerPersonGrp/PhoneNum09175179287
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Denise Cassano
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-10-10T10:12:47-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRAUSS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits