Civic Intelligence

Enye Inc.

EIN 81-5245038 • 501(c)3 • San Francisco, CA

Pub. 78 Eligible990-N Coverage

Profile

Enye is a non profit committed to empowering aspiring engineers and entrepreneurs in the developing country of nigeria. Our program pairs these two groups together in a full scholarship based program. Enye provides technical and business mentorship while they develop an mvp software application. At the end of each program the engineers are placed into secured employment, usually at each entrepreneurs' company. In this way we are creating a commerce and digital infrastructure engine to help raise the standard of living in developing countries such as nigeria.

481 ClipperSan Francisco, CA 94114

enye.tech

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

58th percentile

6.3%

Higher net margin than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

$25,979

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$25,979

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin58th percentile

Revenue

$246,032

No earlier filing loaded for comparison.

Expenses

$230,512

No earlier filing loaded for comparison.

Net Income

$15,520

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2021: $25,979Liabilities 2021: $0Net Assets 2021: $25,9792021

Highlighted filing

2021

Assets$25,979
Liabilities$0
Net Assets$25,979
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2021: $246,032Expenses 2021: $230,512Net Income 2021: $15,5202021

Highlighted filing

2021

Revenue$246,032
Expenses$230,512
Net Income$15,520
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,979
Liabilities
$0
Net assets
$25,979
Revenue
$246,032
Expenses
$230,512
Net income
$15,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$2.46$2.31$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Feb 1, 2020 to Jan 31, 2021
Signed
May 28, 2021
Return Version
2020v4.1
Gross Receipts
$246,032
Mission and Program Overview

Mission

Enye is a non profit committed to empowering aspiring engineers and entrepreneurs in the developing country of nigeria. Our program pairs these two groups together in a full scholarship based program. Enye provides technical and business mentorship while they develop an mvp software application. At the end of each program the engineers are placed into secured employment, usually at each entrepreneurs' company. In this way we are creating a commerce and digital infrastructure engine to help raise the standard of living in developing countries such as nigeria.

Enye is a non profit committed to empowering aspiring engineers and entrepreneurs in the developing country of nigeria. Our program pairs these two groups together in a full scholarship based program. Enye provides technical and business mentorship while they develop an mvp software application. At the end of each program the engineers are placed into secured employment, usually at each entrepreneurs company. In this way we are creating a commerce and digital infrastructure engine to help raise the standard of living in developing countries like nigeria.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$10,459$25,979▲ $15,520
Savings and Temporary Cash Investments$5,501$18,001▲ $12,500
Cash and Non-Interest-Bearing Accounts$4,958$7,978▲ $3,020
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$10,459$25,979▲ $15,520
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,459$25,979▲ $15,520
Total Liabilities and Net Assets / Fund Balance$10,459$25,979▲ $15,520
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Uchechukwu NnadiChief Executive Officer
Michael PaccioneChief Financial Officer
Emmanuel EzeagwulaChief Technical Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$195,762
Program Service Revenue
$50,270
Investment Income
$0
Other Revenue
$0
All Other Contributions
$195,762
Change in Net Assets
$15,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$180,000
Other Expenses$50,512
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$180,000--$180,000
Fees for Services Other$47,825--$47,825
Advertising$728--$728
Travel$441--$441
Office Expenses-$147-$147
Other Expenses$1,208$143-$143
Fees for Services Legal-$20-$20
Total Functional Expenses$230,202$310$0$230,512
International Activity

International Summary

Offices
0
Employees
25
Spending
$47,825

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgramProvide Training for Aspiring Engineers. 24 Applicants Were Accepted Into the Program and 19 Completed the Program. the 19 Graduates Were Placed at Companies Where They Were Able to Begin Their Careers Using the Training They Recevied.025$47,825
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
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 A, Line 2

“Emmanuel ezeagwula (cto) & michael paccione (cfo) invested in uchechukwu nnadi's (ceo) nigerian fintech startup business (https://payhippo.ng/).”

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

“The governing body will detail review form 990 before submission.”

Form 990, Part VI, Section C, Line 19

“Link can be found in website footer.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Uchechukwu nnadi - r. Sao domingos de benfica 35, lisboa, portugal 1500-559. Emmanuel ezeagwula - 898 55th st., oakland, ca 94608.”

Filing and Contact Details

Filer

Filer Name
Enye Inc
EIN
81-5245038
Phone
4155709782
Address
481 CLIPPER, SAN FRANCISCO, CA 94114

Signing Officer

Name
Michael Paccione
Title
CFO
Phone
4155709782
Signed
2021-05-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Paccione
Formed
2017
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1031 W MORSE BLVD SUITE 200, WINTER PARK, FL 32789
Preparer
Sarah E Marshall CPA
Phone
4076447455
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees-progserv-990: program service expenses 47,825. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,825.”

Raw XML Appendix343 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.

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IRS990/ProgSrvcAccomActy2Grp/Desc0INGRESSIVE FOR GOOD (PHASE 1) - INGRESSIVE FOR GOOD'S MISSION IS TO CREATE AND INCREASE THE EARNING POWER OF TECH TALENTS IN AFRICA BY TRAINING 1 MILLION YOUTHS AND CONNECTING 5,000 TO JOBS.MICROSCHOLARSHIPS: 5 SCHOLARSHIPS / $4,000 IN SUPPORT / 7 LAPTOPS DEPLOYEDTALENT PLACEMENT: 100+ TALENTS PLACEDTALENT TRAINING: 6 PARTNERSHIPS / 5,000 COURSERA LICENSES / 25,000+ TRAINEDCOMMUNITY DEVELOPMENT: 11,000 NETWORK / 42 AMBASSADORS / 30 CAMPUSES / 600 MEMBERSMENTORSHIP: 14 MENTORS AND MENTOR PROGRAM AUTOMATION SUPPORT
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IRS990/ProgSrvcAccomActy3Grp/Desc0INGRESSIVE FOR GOOD (PHASE 2) - PHASE 1 WAS TO FUND THE CREATION OF INGRESSIVE FOR GOOD (I4G). PHASE 2 WAS TO FUND THE EXPANSION. THE IN PROGRESS GOALS ARE BELOW:TEAM EXPANSION: HIRE EXECUTIVE DIRECTOR, FUNDRAISING SPECIALIST, TAX SPECIALISTCOMMUNITY EXPANSION: INCREASE NIGERIAN CAMPUS INCLUSION BY 100%MICROSCHOLARSHIP EXPANSION: INCREASE SCHOLARSHIP SIZE AND FREQUENCYCOMMUNITY CHALLENGES: INCREASING AWARDS AND CHALLENGES IN EXISTING PROGRAM TO ATTRACT HIGHER LEVEL TALENT.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROVIDE TRAINING FOR ASPIRING ENGINEERS. 24 APPLICANTS WERE ACCEPTED INTO THE PROGRAM AND 19 COMPLETED THE PROGRAM. THE 19 GRADUATES WERE PLACED AT COMPANIES WHERE THEY WERE ABLE TO BEGIN THEIR CAREERS USING THE TRAINING THEY RECEVIED.
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0BANK TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TO CREATE AND INCREASE THE EARNING POWER OF TECH TALENTS IN AFRICA BY TRAINING 1 MILLION YOUTHS AND CONNECTING 5,000 TO JOBS
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0GRANTS MADE TO SUPPORT ACTIVITIES OUTSIDE THE UNITED STATES WERE MADE TO A NONPROFIT WITH MISSION OVERLAP, INGRESSIVE FOR GOOD.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMMANUEL EZEAGWULA (CTO) & MICHAEL PACCIONE (CFO) INVESTED IN UCHECHUKWU NNADI'S (CEO) NIGERIAN FINTECH STARTUP BUSINESS (HTTPS://PAYHIPPO.NG/).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY WILL DETAIL REVIEW FORM 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINK CAN BE FOUND IN WEBSITE FOOTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UCHECHUKWU NNADI - R. SAO DOMINGOS DE BENFICA 35, LISBOA, PORTUGAL 1500-559. EMMANUEL EZEAGWULA - 898 55TH ST., OAKLAND, CA 94608.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES-PROGSERV-990: PROGRAM SERVICE EXPENSES 47,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,825.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010459
IRS990/TotalAssetsEOYAmt025979
IRS990/TotalAssetsGrp/BOYAmt010459
IRS990/TotalAssetsGrp/EOYAmt025979
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0195762
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0310
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0230202
IRS990/TotalFunctionalExpensesGrp/TotalAmt0230512
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010459
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025979
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0230202
IRS990/TotalProgramServiceRevenueAmt050270
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt050270
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0246032
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010459
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025979
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0441
IRS990/TravelGrp/TotalAmt0441
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0481 CLIPPER
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094114
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://ENYE.TECH
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL PACCIONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04155709782
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ENYE INC
ReturnHeader/Filer/BusinessNameControlTxt0ENYE
ReturnHeader/Filer/EIN0815245038
ReturnHeader/Filer/PhoneNum04155709782
ReturnHeader/Filer/USAddress/AddressLine1Txt0481 CLIPPER
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01031 W MORSE BLVD SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINTER PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032789
ReturnHeader/PreparerPersonGrp/PhoneNum04076447455
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SARAH E MARSHALL CPA
ReturnHeader/ReturnTs02021-06-08T08:17:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PACCIONE
ReturnHeader/TaxPeriodBeginDt02020-02-01
ReturnHeader/TaxPeriodEndDt02021-01-31
ReturnHeader/TaxYr02020

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