Civic Intelligence

Sat-7 Education & Development Inc

990 • Fiscal year 2018 • EIN 81-4373781

Jan 01, 2018 to Dec 31, 2018 • Filed on May 28, 2019

Organization Profilewww.SAT7.org
PO Box 2770Easton, MD 21601

(410) 770-4898

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.73x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

90th percentile

0.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$126,088

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 167.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

89th percentile

79%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

650%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$34,346

Up $15,139 (+79%) from 2017

Net Assets

Up

$9,346

Up $16,819 (+225%) from 2017

Liabilities

Down

$25,000

Down $1,680 (-6.3%) from 2017

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin78th percentile

Revenue

Up

$75,175

Up $65,157 (+650%) from 2017

Expenses

Up

$58,356

Up $461 (+0.8%) from 2017

Net Income

Up

$16,819

Up $64,696 (+135%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$60K$40K$20K$0-$20KAssets 2016: $44,891Liabilities 2016: $4,487Net Assets 2016: $40,4042016Assets 2017: $19,207Liabilities 2017: $26,680Net Assets 2017: -$7,4732017Assets 2018: $34,346Liabilities 2018: $25,000Net Assets 2018: $9,3462018Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2018

Assets$34,346
Liabilities$25,000
Net Assets$9,346
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

$100K$50K$0-$50KRevenue 2016: $50,000Expenses 2016: $9,596Net Income 2016: $40,4042016Revenue 2017: $10,018Expenses 2017: $57,895Net Income 2017: -$47,8772017Revenue 2018: $75,175Expenses 2018: $58,356Net Income 2018: $16,8192018Revenue 2021: $26Expenses 2021: $1,119Net Income 2021: -$1,0932021

Highlighted filing

2018

Revenue$75,175
Expenses$58,356
Net Income$16,819
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 28, 2019
Return Version
2018v3.1
Gross Receipts
$75,175
Mission and Program Overview

Mission

To see a Middle East and North Africa where people enjoy universally recognized rights, freedoms and liberties, irrespective of their ethnicity, gender, religious or political beliefs and are empowered with the knowledge and skills to maximize their human potential.

To creatively and strategically use the visual media to inform, educate and empower individuals in the Middle East and North Africa with the knowledge and skills to enhance the quality of life for their societies

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,207$34,346▲ $15,139
Total Assets$19,207$34,346▲ $15,139
Liabilities
Other Liabilities$25,000$25,000→ $0
Accounts Payable and Accrued Expenses$1,680--
Total Liabilities$26,680$25,000▼ $1,680
Net Assets / Fund Balance
Unrestricted Net Assets$-7,473$9,346▲ $16,819
Total Net Assets Fund Balance$-7,473$9,346▲ $16,819
Total Liabilities and Net Assets / Fund Balance$19,207$34,346▲ $15,139
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Ruth ThomasTreasurer$126,088$126,088

Board Members and Trustees

NameTitle
Dr Terence AscottBoard Chairman
Peter SchulzeBoard Member
Vicki GillisBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$75,165
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$0
All Other Contributions
$75,165
Change in Net Assets
$16,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$35,000
Other Expenses$23,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$35,000--$35,000
Office Expenses$10,500--$10,500
Travel$7,105--$7,105
Fees for Services Accounting-$3,250-$3,250
Advertising$1,545--$1,545
Fees for Services Other$750--$750
Fees for Services Legal-$126-$126
Information Technology$80--$80
Total Functional Expenses$54,980$3,376$0$58,356
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
Federal income taxes$25,000
Loan from SAT-7 North America, a related entity-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section C, Line 12C

“SAT-7 Education Development, Inc. has already adopted a Conflict of Interest policy. It will monitor compliance with the Conflict of Interest Policy as follows Each year the Conflict of Interest Policy is completed by key employees and each member of the Board of Directors. Any items listed, whether true, preceived or real conflicts, are discussed and resolved within the Board to ensure compliance.”

Form 990, Part VI, Section B, Line 15A and B

“There is no compensation being paid to any employees, or Officers at this time.”

Form 990, Part VI, Section C, Line 19

“Public Disclosure of Governing Documents, Policies and Financial Statements. On the Organizations website, all the above documents as required by Section 6104 are available. Also available on the website are links to request all the above information. Copies of all the above information has been provided to external organizations such as Charity Navigator, the Evangelical Council for Financial Accountability and others.”

Filing and Contact Details

Filer

Filer Name
SAT-7 Education & Development Inc
EIN
81-4373781
Phone
4107704898
Address
PO Box 2770, Easton, MD 21601

Signing Officer

Name
Ruth Thomas
Title
Board Treasurer
Signed
2019-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Thomas Board Treasurer
Formed
2016
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Richard C Graves CPA LLC
Address
103 Lawyers Row Suite 101, Centreville, MD 21617
Preparer
Richard C Graves CPA
Phone
4107588785
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Section A, Line 1-3, 11

“Governing Body and Review Process of Form 990. This is the second year of operation for this entity, and the entity is developing auditing processes for future years when they will be required. The audit process will be similar to the following Prior to the annual Spring Board Meeting, the Audit Committee Chair has recieved a draft copy of the Form 990 and the Audited Financial Statements for review. After the Audit Committee Chair reviews and meets with the Audit Committee, issues identified are resolved and the final Form 990 is prepared. During the annual Spring Board Meeting there is a specific Agenda item to review, discuss and approve the Form 990, as well as the Audited Financial Statements.”

Financial Statement Notes

X 2

“FIN 48 Disclosure The Financial Statements effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not based on the technical merits, that the position will be sustained upon examination, interest and penalties, if any, are included in expenses in the statements of activities. As of December 31, 2018, SAT-7 Education and Development had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 Disclosure The Financial Statements effects of a tax position taken or expected to be taken are recognized in the financial statements when it is more likely than not based on the technical merits, that the position will be sustained upon examination, interest and penalties, if any, are included in expenses in the statements of activities. As of December 31, 2018, SAT-7 Education and Development had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Governing Body and Review Process of Form 990. This is the second year of operation for this entity, and the entity is developing auditing processes for future years when they will be required. The audit process will be similar to the following Prior to the annual Spring Board Meeting, the Audit Committee Chair has recieved a draft copy of the Form 990 and the Audited Financial Statements for review. After the Audit Committee Chair reviews and meets with the Audit Committee, issues identified are resolved and the final Form 990 is prepared. During the annual Spring Board Meeting there is a specific Agenda item to review, discuss and approve the Form 990, as well as the Audited Financial Statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SAT-7 Education Development, Inc. has already adopted a Conflict of Interest policy. It will monitor compliance with the Conflict of Interest Policy as follows Each year the Conflict of Interest Policy is completed by key employees and each member of the Board of Directors. Any items listed, whether true, preceived or real conflicts, are discussed and resolved within the Board to ensure compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is no compensation being paid to any employees, or Officers at this time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Public Disclosure of Governing Documents, Policies and Financial Statements. On the Organizations website, all the above documents as required by Section 6104 are available. Also available on the website are links to request all the above information. Copies of all the above information has been provided to external organizations such as Charity Navigator, the Evangelical Council for Financial Accountability and others.
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IRS990/USAddress/CityNm0Easton
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021601
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.SAT7.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ruth Thomas
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAT-7 Education & Development Inc
ReturnHeader/Filer/BusinessNameControlTxt0SAT-
ReturnHeader/Filer/EIN0814373781
ReturnHeader/Filer/PhoneNum04107704898
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 2770
ReturnHeader/Filer/USAddress/CityNm0Easton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021601
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E07D27CB5F5734FAE4FE5062000A0433ED371CD0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0709B6BA6AE0B45BF43A30C6EB6C343709FD71EC5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.203.208.246
ReturnHeader/FilingSecurityInformation/IPDt02019-08-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:24:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richard C Graves CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0103 Lawyers Row Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Centreville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021617
ReturnHeader/PreparerPersonGrp/PhoneNum04107588785
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard C Graves CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-28T11:29:29-00:00
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
$34,346
Liabilities
$25,000
Net assets
$9,346
Revenue
$75,175
Expenses
$58,356
Net income
$16,819
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$1.12$1.09
2018Detailed filing. Detailed filing data is available for this year.$34.3$25.0$9.35$75.2$58.4$16.8
2017Detailed filing. Detailed filing data is available for this year.$19.2$26.7$7.47$10.0$57.9$47.9
2016Detailed filing. Detailed filing data is available for this year.$44.9$4.49$40.4$50.0$9.60$40.4