Civic Intelligence

Granite Gives Back Inc.

990 • Fiscal year 2019 • EIN 81-5148728

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 29, 2020

100 Newport Ave ExtensionQuincy, MA 02171

(617) 837-4332

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

67th percentile

0.01x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

12th percentile

-32%

Higher net margin than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

15th percentile

-30%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-13%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$163,122

Down $70,239 (-30%) from 2018

Net Assets

Down

$159,987

Down $73,374 (-31%) from 2018

Liabilities

Up

$3,135

Up $3,135 from 2018

Revenue

Down

$230,496

Down $34,728 (-13%) from 2018

Expenses

Up

$303,870

Up $215,092 (+242%) from 2018

Net Income

Down

-$73,374

Down $249,820 (-142%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2017: $55,815Liabilities 2017: $0Net Assets 2017: $55,8152017Assets 2018: $233,361Liabilities 2018: $0Net Assets 2018: $233,3612018Assets 2019: $163,122Liabilities 2019: $3,135Net Assets 2019: $159,9872019Assets 2020: $41,721Liabilities 2020: $64Net Assets 2020: $41,6572020Assets 2021: $121,363Liabilities 2021: $0Net Assets 2021: $121,3632021Assets 2022: $173,575Liabilities 2022: $0Net Assets 2022: $173,5752022Assets 2023: $166,491Liabilities 2023: $0Net Assets 2023: $166,4912023Assets 2024: $134,299Liabilities 2024: $0Net Assets 2024: $134,2992024

Highlighted filing

2019

Assets$163,122
Liabilities$3,135
Net Assets$159,987

Operations Trend

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

$400K$200K$0-$200KRevenue 2017: $147,048Expenses 2017: $91,233Net Income 2017: $55,8152017Revenue 2018: $265,224Expenses 2018: $88,778Net Income 2018: $176,4462018Revenue 2019: $230,496Expenses 2019: $303,870Net Income 2019: -$73,3742019Revenue 2020: $32,966Expenses 2020: $151,296Net Income 2020: -$118,3302020Revenue 2021: $120,909Expenses 2021: $41,203Net Income 2021: $79,7062021Revenue 2022: $72,270Expenses 2022: $24,740Net Income 2022: $47,5302022Revenue 2023: $69,541Expenses 2023: $76,625Net Income 2023: -$7,0842023Revenue 2024: $52,133Expenses 2024: $84,325Net Income 2024: -$32,1922024

Highlighted filing

2019

Revenue$230,496
Expenses$303,870
Net Income-$73,374
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 29, 2020
Return Version
2019v5.1
Gross Receipts
$232,323
Mission and Program Overview

Mission

Our mission statement is to positively impact the communities in which we work and live. Providing assistance and volunteering the time and effort of our teammates, family and friends.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$232,274$143,921▼ $88,353
Inventories for Sale or Use-$18,345-
Prepaid Expenses and Deferred Charges$1,087$856▼ $231
Total Assets$233,361$163,122▼ $70,239
Liabilities
Accounts Payable and Accrued Expenses$0$3,135▲ $3,135
Total Liabilities$0$3,135▲ $3,135
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$233,361$159,987▼ $73,374
Total Net Assets Fund Balance$233,361$159,987▼ $73,374
Total Liabilities and Net Assets / Fund Balance$233,361$163,122▼ $70,239
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$229,515
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$981
All Other Contributions
$187,843
Change in Net Assets
$-73,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$230,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,432
Total Revenue per Audited Statements
$246,928
Total Revenue per Form 990
$230,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$219,302
Other Expenses$84,568
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$210,817--$210,817
Fees for Services Accounting-$11,352-$11,352
Grants to Domestic Individuals$8,485--$8,485
Insurance-$1,943-$1,943
Other Expenses$69,588$1,442-$1,442
Office Expenses-$243-$243
Total Functional Expenses$288,890$14,980$0$303,870

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$320,302
Expenses per Audited Statements$303,870
Total Expenses per Form 990$303,870
Expenses Not Reported on Form 990$16,432
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Joe Andruzzi FoundationNorth Attleboro, MA501(c)(3)General Support$50,000
Quincy Community Action ProgramsQuincy, MA501(c)(3)General Support$7,000
Light FoundationGreenville, OH501(c)(3)General Support$5,070
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

All board members are employees of granite telecommunications, llc

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by the organization's independent accountant according to input from the board. The board reviews the prepared form and reviews all material aspects of the form and approves the document prior to filing.

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

The policy requires that any director, officer or key employee who has a material interest in a transaction or arrangement presented to the board or a committee thereof for authorization, approval, or ratification shall make a prompt and full disclosure of his or her interest to the board or committee prior to its acting on such matter. A person who has disclosed an interest in a transaction or arrangement may abstain from participating in the matter. If such person does not abstain, the board or committee to which such disclosure is made shall determine whether the disclosure shows that a conflict of interest exists or might reasonably be construed to exist. If such person abstains or the board or committee determines that a conflict might exist, such person may be counted in determining whether a quorum is present but shall not vote on, nor participate in (other than to present factual information or to respond to questions) the discussions or deliberations with respect to, such transaction or arrangement, and the board or committee may, if appropriate, investigate and consider alternatives to the proposed transaction or arrangement. The board or committee shall determine by a majority vote of the disinterested directors whether to enter into the transaction or arrangement, taking into consideration whether it is fair and reasonable to the corporation, in its best interest and for its own benefit. The minutes of the meeting shall reflect the disclosure made, any vote thereon, the abstention from voting and participation, whether a quorum was present, and the basis for the board's or committee's determination.

Form 990, Part VI, Section B, Line 15

There is no compensation paid by the organization.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are made available as part of form 1023 when requested. No other documents are available to the public.

Form 990, Part VII

No compensation from a related organization is being reported as all the officers meet the volunteer exception to reporting.

Filing and Contact Details

Filer

Filer Name
Granite Gives Back Inc
EIN
81-5148728
Phone
6178374332
Address
100 NEWPORT AVE EXTENSION, QUINCY, MA 02171

Signing Officer

Name
Robert M Schlakman
Title
Treasurer
Phone
6178374332
Signed
2020-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert M Schlakman
Formed
2017
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
8

Preparer

Firm
Citrin Cooperman & Company Llp
Address
500 EXCHANGE STREET SUITE 9-100, PROVIDENCE, RI 02903
Preparer
Heyam Janell
Phone
4014214800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Granite gives back, inc. (ggb) qualifies as a tax-exempt organization under section 501(c)(3) of the irc. As a not-for-profit entity, ggb is subject to unrelated business income tax ("ubit"), if applicable. In accordance with fasb accounting standards codification ("asc") 740, income taxes, ggb applies the "more likely than not" threshold to the recognition and derecognition of tax positions for its financial statements. Management has evaluated ggb's tax positions and has concluded that there were no uncertain tax positions that qualified for either recognition or disclosure in these financial statements.

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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11509 HANCOCK ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2440 GREENVILLE-NASHVILLE ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NORTH ATTLEBORO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1QUINCY
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GREENVILLE
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002760
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd102169
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd245331
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE CHAIRMAN OF THE BOARD APPROVES GRANTS TO OTHER ORGANIZATIONS OR INDIVIDUALS BASED ON VERBAL AND/OR WRITTEN REQUESTS FOR SUPPORT. THE REQUESTS ARE EVALUATED TO ENSURE THAT THEY ARE CONSISTENT WITH THE MISSION OF GRANITE GIVES BACK, INC.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE EMPLOYEES OF GRANITE TELECOMMUNICATIONS, LLC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT ACCORDING TO INPUT FROM THE BOARD. THE BOARD REVIEWS THE PREPARED FORM AND REVIEWS ALL MATERIAL ASPECTS OF THE FORM AND APPROVES THE DOCUMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE POLICY REQUIRES THAT ANY DIRECTOR, OFFICER OR KEY EMPLOYEE WHO HAS A MATERIAL INTEREST IN A TRANSACTION OR ARRANGEMENT PRESENTED TO THE BOARD OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ITS ACTING ON SUCH MATTER. A PERSON WHO HAS DISCLOSED AN INTEREST IN A TRANSACTION OR ARRANGEMENT MAY ABSTAIN FROM PARTICIPATING IN THE MATTER. IF SUCH PERSON DOES NOT ABSTAIN, THE BOARD OR COMMITTEE TO WHICH SUCH DISCLOSURE IS MADE SHALL DETERMINE WHETHER THE DISCLOSURE SHOWS THAT A CONFLICT OF INTEREST EXISTS OR MIGHT REASONABLY BE CONSTRUED TO EXIST. IF SUCH PERSON ABSTAINS OR THE BOARD OR COMMITTEE DETERMINES THAT A CONFLICT MIGHT EXIST, SUCH PERSON MAY BE COUNTED IN DETERMINING WHETHER A QUORUM IS PRESENT BUT SHALL NOT VOTE ON, NOR PARTICIPATE IN (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS) THE DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO, SUCH TRANSACTION OR ARRANGEMENT, AND THE BOARD OR COMMITTEE MAY, IF APPROPRIATE, INVESTIGATE AND CONSIDER ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT, TAKING INTO CONSIDERATION WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION, IN ITS BEST INTEREST AND FOR ITS OWN BENEFIT. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, ANY VOTE THEREON, THE ABSTENTION FROM VOTING AND PARTICIPATION, WHETHER A QUORUM WAS PRESENT, AND THE BASIS FOR THE BOARD'S OR COMMITTEE'S DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE IS NO COMPENSATION PAID BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE AS PART OF FORM 1023 WHEN REQUESTED. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO COMPENSATION FROM A RELATED ORGANIZATION IS BEING REPORTED AS ALL THE OFFICERS MEET THE VOLUNTEER EXCEPTION TO REPORTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0QUINCY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MA
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IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1GRANITE TELECOMMUNICATIONS LLC
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IRS990/SchoolOperatingInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/EOYAmt0163122
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0303870
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0981
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.GRANITEGIVESBACK.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT M SCHLAKMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06178374332
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRANITE GIVES BACK INC
ReturnHeader/Filer/BusinessNameControlTxt0GRAN
ReturnHeader/Filer/EIN0815148728
ReturnHeader/Filer/PhoneNum06178374332
ReturnHeader/Filer/USAddress/AddressLine1Txt0100 NEWPORT AVE EXTENSION
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId080A4E43D47E7D8BEF5A67ECC274B53C486F087FA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.118.108.198
ReturnHeader/FilingSecurityInformation/IPDt02020-08-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:34:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222428965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CITRIN COOPERMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 EXCHANGE STREET SUITE 9-100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PROVIDENCE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002903

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