Civic Intelligence

Ifapp Academy Inc

990 • Fiscal year 2019 • EIN 81-3795354

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 21, 2020

Organization ProfileWWW.IFAPPACADEMY.ORG
10 Grand Cent155 E 44th St No 6New York, NY 10017

(917) 434-8499

Siviq Scores

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

Liabilities / Assets

67th percentile

0.08x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.03x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Net Margin

34th percentile

-1.2%

Higher net margin than 34% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

75th percentile

$60,000

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2019 filings • NTEE B • $500k-$1M nonprofits • Source year 2019

Asset Growth

18th percentile

-11%

Faster asset growth than 18% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$289,483

Down $34,477 (-11%) from 2018

Net Assets

Down

$266,694

Down $8,929 (-3.2%) from 2018

Liabilities

Down

$22,789

Down $25,548 (-53%) from 2018

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin34th percentile

Revenue

Down

$730,335

Down $175,610 (-19%) from 2018

Expenses

Up

$739,264

Up $185,077 (+33%) from 2018

Net Income

Down

-$8,929

Down $360,687 (-103%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2019

Assets$289,483
Liabilities$22,789
Net Assets$266,694
Open 2019 Filing

Operations Trend

Revenue Growth16th 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

2019

Revenue$730,335
Expenses$739,264
Net Income-$8,929
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 21, 2020
Return Version
2019v5.1
Gross Receipts
$730,335
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$323,960$289,483▼ $34,477
Rtn Earn Endowment Incm Other Fnds$275,623$266,694▼ $8,929
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$323,960$289,483▼ $34,477
Liabilities
Other Liabilities$48,337$22,789▼ $25,548
Total Liabilities$48,337$22,789▼ $25,548
Net Assets / Fund Balance
Total Net Assets Fund Balance$275,623$266,694▼ $8,929
Total Liabilities and Net Assets / Fund Balance$323,960$289,483▼ $34,477
Compensation and Service Providers
Top Officer Pay75th 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
$730,335
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$679,264
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 Other$151,642$25,759-$177,401
Fees for Services Management$82,513--$82,513
Other Expenses$64,607--$64,607
Current Officers, Directors, Trustees, and Key Employees$60,000--$60,000
Advertising$56,381--$56,381
All Other Expenses$24,922$25,676-$50,598
Occupancy-$2,098-$2,098
Total Functional Expenses$685,731$53,533$0$739,264
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 Contract Fees$22,200
Credit Card Payable$589
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
10 GRAND CENT155 E 44TH ST NO 6, NEW YORK, NY 10017

Signing Officer

Name
Honorio Silva
Title
President
Phone
9174348499
Signed
2020-10-21
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

Additional Explanations

Form 990, Part IX, Line 11G

“Faculty compensation: program service expenses 151,642. Management and general expenses 0. Fundraising expenses 0. Total expenses 151,642. Professional fees: program service expenses 0. Management and general expenses 25,759. Fundraising expenses 0. Total expenses 25,759.”

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/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010 GRAND CENTRAL 155 E 44 ST
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010017
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.IFAPPACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HONORIO SILVA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174348499
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IFAPP ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0IFAP
ReturnHeader/Filer/EIN0813795354
ReturnHeader/Filer/PhoneNum09174348499
ReturnHeader/Filer/USAddress/AddressLine1Txt010 GRAND CENT155 E 44TH ST NO 6
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01684BF5C7B8D6A8887E9C03C0FF34C18767FEFEC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0174AD55B11F41890BDE92E8EB653E9DC320CEF20
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0198.167.173.206
ReturnHeader/FilingSecurityInformation/IPDt02020-10-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm012:43:42
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/PreparationDt02020-10-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS LOKETCH
ReturnHeader/ReturnTs02020-10-21T11:43:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$289,483
Liabilities
$22,789
Net assets
$266,694
Revenue
$730,335
Expenses
$739,264
Net income
-$8,929
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