Civic Intelligence

Ifapp Academy Inc

990 • Fiscal year 2018 • EIN 81-3795354

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

73rd percentile

0.15x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.05x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

76th percentile

$60,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2018 filings • NTEE B • $500k-$1M nonprofits • Source year 2018

Asset Growth

90th percentile

80%

Faster asset growth than 90% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

433%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$323,960

Up $144,300 (+80%) from 2017

Net Assets

Up

$275,623

Up $351,758 (+462%) from 2017

Liabilities

Down

$48,337

Down $207,458 (-81%) from 2017

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin85th percentile

Revenue

Up

$905,945

Up $735,945 (+433%) from 2017

Expenses

Up

$554,187

Up $303,404 (+121%) from 2017

Net Income

Up

$351,758

Up $432,541 (+535%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

2018

Assets$323,960
Liabilities$48,337
Net Assets$275,623
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

2018

Revenue$905,945
Expenses$554,187
Net Income$351,758
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$905,945
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 professional development education programs, primarily related to the disciplines of pharmaceutical medicine and its domains.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$179,660$323,960▲ $144,300
Rtn Earn Endowment Incm Other Fnds$-76,135$275,623▲ $351,758
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$179,660$323,960▲ $144,300
Liabilities
Other Liabilities$255,795$48,337▼ $207,458
Total Liabilities$255,795$48,337▼ $207,458
Net Assets / Fund Balance
Total Net Assets Fund Balance$-76,135$275,623▲ $351,758
Total Liabilities and Net Assets / Fund Balance$179,660$323,960▲ $144,300
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Honorio SilvaPresidentFT$60,000$60,000

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
$905,945
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$351,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$494,187
Salaries, Compensation, and Employee Benefits$60,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$135,672--$135,672
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Advertising$34,940--$34,940
Fees for Services Other$7,013$6,077-$13,090
Travel$13,019--$13,019
Fees for Services Accounting-$7,538-$7,538
All Other Expenses-$5,073-$5,073
Other Expenses$4,951--$4,951
Occupancy-$2,482-$2,482
Fees for Services Legal-$960-$960
Total Functional Expenses$532,057$22,130$0$554,187
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
Accrued Cert Fees$36,000
Accrued Contract Fees$10,750
Loan Payable Ifapp$1,413
Credit Card Payable$174
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Honorio Silva
Formed
2016
Legal Domicile
Ny
Voting Board Members
13
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 assessment 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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IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010017
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.IFAPPACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HONORIO SILVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174348499
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IFAPP ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0IFAP
ReturnHeader/Filer/EIN0813795354
ReturnHeader/Filer/PhoneNum09174348499
ReturnHeader/Filer/USAddress/AddressLine1Txt0708 THIRD AVENUE 6F
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0174AD55B11F41890BDE92E8EB653E9DC320CEF20
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0174AD55B11F41890BDE92E8EB653E9DC320CEF20
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.167.173.206
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm014:09:37
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/PreparationDt02019-11-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS LOKETCH
ReturnHeader/ReturnTs02019-11-14T13:09:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$323,960
Liabilities
$48,337
Net assets
$275,623
Revenue
$905,945
Expenses
$554,187
Net income
$351,758
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