Civic Intelligence

Ifapp Academy Inc

990 • Fiscal year 2017 • EIN 81-3795354

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 05, 2018

Organization ProfileWWW.IFAPPACADEMY.ORG
708 Third Avenue 6FNew York, NY 10017

(917) 434-8499

Siviq Scores

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

Liabilities / Assets

97th percentile

1.42x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

1.50x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Net Margin

5th percentile

-48%

Higher net margin than 5% of similar nonprofits.

2017 filings • NTEE B60 • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$50,100

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 29.5% of source-year revenue.

2017 filings • NTEE B • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

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

Source year 2017

Revenue Growth

Score unavailable

No value available

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

Source year 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

$179,660

No earlier filing loaded for comparison.

Net Assets

-$76,135

No earlier filing loaded for comparison.

Liabilities

$255,795

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin5th percentile

Revenue

$170,000

No earlier filing loaded for comparison.

Expenses

$250,783

No earlier filing loaded for comparison.

Net Income

-$80,783

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KAssets 2017: $179,660Liabilities 2017: $255,795Net Assets 2017: -$76,1352017Assets 2018: $323,960Liabilities 2018: $48,337Net Assets 2018: $275,6232018Assets 2019: $289,483Liabilities 2019: $22,789Net Assets 2019: $266,6942019Assets 2020: $598,885Liabilities 2020: $44,469Net Assets 2020: $554,4162020Assets 2021: $1,079,741Liabilities 2021: $177,209Net Assets 2021: $902,5322021Assets 2022: $684,833Liabilities 2022: $64,384Net Assets 2022: $620,4492022Assets 2023: $568,402Liabilities 2023: $59,479Net Assets 2023: $508,9232023Assets 2024: $360,346Liabilities 2024: $500Net Assets 2024: $359,8462024

Highlighted filing

2017

Assets$179,660
Liabilities$255,795
Net Assets-$76,135
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $170,000Expenses 2017: $250,783Net Income 2017: -$80,7832017Revenue 2018: $905,945Expenses 2018: $554,187Net Income 2018: $351,7582018Revenue 2019: $730,335Expenses 2019: $739,264Net Income 2019: -$8,9292019Revenue 2020: $1,329,288Expenses 2020: $1,041,568Net Income 2020: $287,7202020Revenue 2021: $1,686,349Expenses 2021: $1,338,234Net Income 2021: $348,1152021Revenue 2022: $1,040,846Expenses 2022: $1,322,929Net Income 2022: -$282,0832022Revenue 2023: $672,700Expenses 2023: $780,826Net Income 2023: -$108,1262023Revenue 2024: $648,960Expenses 2024: $798,037Net Income 2024: -$149,0772024

Highlighted filing

2017

Revenue$170,000
Expenses$250,783
Net Income-$80,783
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 5, 2018
Return Version
2017v2.2
Gross Receipts
$170,000
Mission and Program Overview

Mission

To organize and supervise medical continuing proressional development education programs, primarily related to the disciplines of pharmaceutical medicine and its domains.

To organize and supervise medical continuing proressional development education programs, primarily related to the disciplines of pharmaceutical medicne and its domains.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,648$179,660▲ $170,012
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$4,648$-76,135▼ $80,783
Total Assets$9,648$179,660▲ $170,012
Liabilities
Other Liabilities$5,000$255,795▲ $250,795
Total Liabilities$5,000$255,795▲ $250,795
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,648$-76,135▼ $80,783
Total Liabilities and Net Assets / Fund Balance$9,648$179,660▲ $170,012
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleBaseTotal
Honorio SilvaPresident$50,100$50,100

Board Members and Trustees

NameTitle
Gustavo KesselringVice President
Lewis a MillerDeputy Treasurer
Anna JurckzynskaSecretary
Gerfried NellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$170,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-80,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$137,353
Other Expenses$113,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,253--$87,253
Current Officers, Directors, Trustees, and Key Employees$50,100--$50,100
Conferences and Meetings$21,983--$21,983
Travel$9,793--$9,793
Fees for Services Legal-$7,135-$7,135
Advertising$4,539--$4,539
Occupancy-$1,381-$1,381
Fees for Services Accounting-$1,088-$1,088
Fees for Services Other-$387-$387
Other Expenses$28,832$235-$235
Total Functional Expenses$236,130$14,653$0$250,783
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Tuition Income$249,999
Credit Card Payable$4,383
Loan Payable Ifapp$1,413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Copy of form 990 is submitted to board of directors for review prior to filing.”

Form 990, Part VI, Section C, Line 18

“Forms 1023 and 990 are available upon request”

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
Ifapp Academy Inc
EIN
81-3795354
Phone
9174348499
Address
708 THIRD AVENUE 6F, NEW YORK, NY 10017

Signing Officer

Name
Honorio Silva
Title
President
Phone
9174348499
Signed
2018-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Honorio Silva
Formed
2016
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Loketch & Partners Llp
Address
1560 BROADWAY SUITE 1005, NEW YORK, NY 10036
Preparer
Louis Loketch
Phone
2128692316
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization files form 990, return of organization exempt from taxes. Years ended december 31, 2016 and thereafter are open for examination. There are no uncertain tax positions and no prospect of asessment for those years.”

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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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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0174AD55B11F41890BDE92E8EB653E9DC320CEF20
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E15EA285021677E152E337FAEF589E4DC3A0FCD9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.167.173.206
ReturnHeader/FilingSecurityInformation/IPDt02018-06-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:18:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264004567
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOKETCH & PARTNERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01560 BROADWAY SUITE 1005
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02128692316
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS LOKETCH
ReturnHeader/ReturnTs02018-08-06T13:33:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$179,660
Liabilities
$255,795
Net assets
-$76,135
Revenue
$170,000
Expenses
$250,783
Net income
-$80,783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.65$0.80$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.06$0.51$0.67$0.78$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.06$0.62$1.04$1.32$0.28
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.18$0.90$1.69$1.34$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.04$0.55$1.33$1.04$0.29
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.02$0.27$0.73$0.74$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.32$0.05$0.28$0.91$0.55$0.35
2017Detailed filing. Detailed filing data is available for this year.$0.18$0.26$0.08$0.17$0.25$0.08