Civic Intelligence

Grit Art & Tech Association

990EZ • Fiscal year 2019 • EIN 81-5151048

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 18, 2020

Organization ProfileN/A
1250 Borregas AvenueSunnyvale, CA 94089

(408) 998-1688

Siviq Scores

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

Liabilities / Assets

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

71st percentile

15%

Higher net margin than 71% 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

81st percentile

39%

Faster asset growth than 81% of similar nonprofits.

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

Revenue Growth

85th percentile

50%

Faster revenue growth than 85% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$11,424

Up $3,180 (+39%) from 2018

Net Assets

Up

$9,948

Up $2,297 (+30%) from 2018

Liabilities

Up

$1,476

Up $883 (+149%) from 2018

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin71st percentile

Revenue

Up

$14,935

Up $4,954 (+50%) from 2018

Expenses

Up

$12,638

Up $5,100 (+68%) from 2018

Net Income

Down

$2,297

Down $146 (-6.0%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$30K$20K$10K$0Assets 2017: $5,570Liabilities 2017: $362Net Assets 2017: $5,2082017Assets 2018: $8,244Liabilities 2018: $593Net Assets 2018: $7,6512018Assets 2019: $11,424Liabilities 2019: $1,476Net Assets 2019: $9,9482019Assets 2020: $15,950Liabilities 2020: $1,346Net Assets 2020: $14,6042020Assets 2021: $20,240Liabilities 2021: $0Net Assets 2021: $20,2402021Assets 2022: $25,561Liabilities 2022: $1,135Net Assets 2022: $24,4262022Assets 2023: $27,573Liabilities 2023: $900Net Assets 2023: $26,6732023Assets 2024: $29,803Liabilities 2024: $728Net Assets 2024: $29,0752024

Highlighted filing

2019

Assets$11,424
Liabilities$1,476
Net Assets$9,948
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

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

$20K$15K$10K$5.0K$0Revenue 2017: $8,800Expenses 2017: $3,592Net Income 2017: $5,2082017Revenue 2018: $9,981Expenses 2018: $7,538Net Income 2018: $2,4432018Revenue 2019: $14,935Expenses 2019: $12,638Net Income 2019: $2,2972019Revenue 2020: $16,680Expenses 2020: $12,024Net Income 2020: $4,6562020Revenue 2021: $16,568Expenses 2021: $10,932Net Income 2021: $5,6362021Revenue 2022: $16,915Expenses 2022: $12,729Net Income 2022: $4,1862022Revenue 2023: $13,836Expenses 2023: $11,589Net Income 2023: $2,2472023Revenue 2024: $14,110Expenses 2024: $11,708Net Income 2024: $2,4022024

Highlighted filing

2019

Revenue$14,935
Expenses$12,638
Net Income$2,297
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 18, 2020
Return Version
2019v5.0
Gross Receipts
$14,935
Mission and Program Overview

Mission

We believe everyone has the potential to become an artist or a technologist. Love passionand perseverance are the key qualityies to be successful in hte area of art and technology.

Program Services

DescriptionGrantsExpenses
TO PROMOTE THE VISUAL ART EDUCATION AND TECHNOLOGY EDUCATION IN LOCAL COMMMUNITIES, TO RACH OUT THE PEOPLE WHO HAVE PASSION WITH ART AND TECHNOLOGY TO GET HELP FROM PROFESSIONALS INT THE AREA--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YANG SHIPresident & CEO-$0--
YUNHUI LUOSecretary-$0--
WEI WANGCFO-$0--
Filing and Contact Details

Filer

Filer Name
Grit Art & Tech Association
EIN
81-5151048
Address
1250 Borregas Avenue, SUNNYVALE, CA 94089

Signing Officer

Name
Wei Wang
Title
CFO
Signed
2020-08-18
Discuss with paid preparer
Yes

Preparer

Firm
Wang Accountancy Corp
Address
28 N First St Suite 900, San Jose, CA 95113
Preparer
Jung-Mei Rosemary Wang
Phone
4089981688
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $360”

Other Expenses.1002

“Office Expenses $6794”

Other Expenses.1

“rental $1450”

Other Expenses.2

“DONATION $1005”

Other Expenses.3

“GIFT $269”

Total Liabilities.1

“CREDIT CARD PAYABLE - Beginning $593 CREDIT CARD PAYABLE - Ending $1476”

Raw XML Appendix144 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAN JOSE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095113
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08244
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YANG SHI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1YUNHUI LUO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2WEI WANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09878
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0WE BELIEVE EVERYONE HAS THE POTENTIAL TO BECOME AN ARTIST OR A TECHNOLOGIST. LOVE PASSIONAND PERSEVERANCE ARE THE KEY QUALITYIES TO BE SUCCESSFUL IN HTE AREA OF ART AND TECHNOLOGY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROMOTE THE VISUAL ART EDUCATION AND TECHNOLOGY EDUCATION IN LOCAL COMMMUNITIES, TO RACH OUT THE PEOPLE WHO HAVE PASSION WITH ART AND TECHNOLOGY TO GET HELP FROM PROFESSIONALS INT THE AREA
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0593
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01476
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt012638
IRS990EZ/TotalRevenueAmt014935
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt014788
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt08700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt032024
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt028
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt028
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0118
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0118
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt032024
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt08700
IRS990ScheduleA/Total509Grp/TotalAmt032024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt014934
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08536
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt08700
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt032170
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $360
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $6794
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2rental $1450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATION $1005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GIFT $269
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREDIT CARD PAYABLE - Beginning $593 CREDIT CARD PAYABLE - Ending $1476
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.1
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WEI WANG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRIT ART & TECH ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0GRIT
ReturnHeader/Filer/EIN0815151048
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 Borregas Avenue
ReturnHeader/Filer/USAddress/CityNm0SUNNYVALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094089
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt028 N First St Suite 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095113
ReturnHeader/PreparerPersonGrp/PhoneNum04089981688
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jung-Mei Rosemary Wang
ReturnHeader/ReturnTs02020-08-18T09:39:09-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$11,424
Liabilities
$1,476
Net assets
$9,948
Revenue
$14,935
Expenses
$12,638
Net income
$2,297
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$29.8$0.73$29.1$14.1$11.7$2.40
2023Detailed filing. Detailed filing data is available for this year.$27.6$0.90$26.7$13.8$11.6$2.25
2022Detailed filing. Detailed filing data is available for this year.$25.6$1.14$24.4$16.9$12.7$4.19
2021Detailed filing. Detailed filing data is available for this year.$20.2$0.00$20.2$16.6$10.9$5.64
2020Detailed filing. Detailed filing data is available for this year.$16.0$1.35$14.6$16.7$12.0$4.66
2019Detailed filing. Detailed filing data is available for this year.$11.4$1.48$9.95$14.9$12.6$2.30
2018Detailed filing. Detailed filing data is available for this year.$8.24$0.59$7.65$9.98$7.54$2.44
2017Detailed filing. Detailed filing data is available for this year.$5.57$0.36$5.21$8.80$3.59$5.21