Civic Intelligence

Parallel Partners Group Inc.

990EZ • Fiscal year 2019 • EIN 81-5428363

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

Organization ProfileN/A
133 Fells RoadEssex Fells, NJ 07021

(917) 757-1741

Siviq Scores

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

Liabilities / Assets

75th percentile

0.04x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • NTEE J • <$500k nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • NTEE J • <$500k nonprofits • Source year 2019

Net Margin

57th percentile

8.5%

Higher net margin than 57% of similar nonprofits.

2019 filings • NTEE J • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$90,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 58.2% of source-year revenue.

2019 filings • NTEE J • <$500k nonprofits • Source year 2019

Asset Growth

53rd percentile

8.2%

Faster asset growth than 53% of similar nonprofits.

2019 filings • NTEE J • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

63%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • NTEE J • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$47,433

Up $3,582 (+8.2%) from 2018

Net Assets

Up

$45,571

Up $13,083 (+40%) from 2018

Liabilities

Down

$1,862

Down $9,501 (-84%) from 2018

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin57th percentile

Revenue

Up

$154,763

Up $59,903 (+63%) from 2018

Expenses

Up

$141,680

Up $31,433 (+29%) from 2018

Net Income

Up

$13,083

Up $28,470 (+185%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$100K$50K$0Assets 2017: $47,875Liabilities 2017: $02017Assets 2018: $43,851Liabilities 2018: $11,363Net Assets 2018: $32,4882018Assets 2019: $47,433Liabilities 2019: $1,862Net Assets 2019: $45,5712019Assets 2020: $56,903Liabilities 2020: $24,326Net Assets 2020: $32,5772020Assets 2021: $72,844Liabilities 2021: $891Net Assets 2021: $71,9532021Assets 2022: $98,514Liabilities 2022: $52Net Assets 2022: $98,4622022Assets 2023: $79,209Liabilities 2023: $124Net Assets 2023: $79,0852023Assets 2024: $67,636Net Assets 2024: $67,6362024

Highlighted filing

2019

Assets$47,433
Liabilities$1,862
Net Assets$45,571
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2017: $51,000Expenses 2017: $3,125Net Income 2017: $47,8752017Revenue 2018: $94,860Expenses 2018: $110,247Net Income 2018: -$15,3872018Revenue 2019: $154,763Expenses 2019: $141,680Net Income 2019: $13,0832019Revenue 2020: $107,568Expenses 2020: $120,562Net Income 2020: -$12,9942020Revenue 2021: $126,739Expenses 2021: $128,358Net Income 2021: -$1,6192021Revenue 2022: $155,212Expenses 2022: $128,703Net Income 2022: $26,5092022Revenue 2023: $113,082Expenses 2023: $132,459Net Income 2023: -$19,3772023Revenue 2024: $117,179Expenses 2024: $128,628Net Income 2024: -$11,4492024

Highlighted filing

2019

Revenue$154,763
Expenses$141,680
Net Income$13,083
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$154,763
Mission and Program Overview

Mission

Schedule O

Program Services

DescriptionGrantsExpenses
NY MEDIA$154,760$141,680
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID C ANDERSENCEO-$90,000-$90,000
SONYA MCNAIRPresident-$8,663-$8,663
ED MORGANExecutive VP-$0--
Filing and Contact Details

Filer

Filer Name
Parallel Partners Group Inc
EIN
81-5428363
Phone
9177571741
Address
133 Fells Road, Essex Fells, NJ 07021

Signing Officer

Name
David C Andersen
Title
CEO
Signed
2020-11-02
Discuss with paid preparer
Yes

Preparer

Firm
Theodore W Angowski CPA
Address
327 Valley Rd, W Orange, NJ 07052
Preparer
Theodore W Angowski CPA
Phone
9737318181
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10, Grants Paid

“Activity , Grantee Hallie H. Neill, Cash Grant 14,250, Relationship”

Form 990-EZ, Part I, Line 16, Other Expenses

“Ministry Expenses 18,729”

Form 990-EZ, Part I, Line 16, Other Expenses

“Processing Fees 611”

Form 990-EZ, Part I, Line 16, Other Expenses

“Miscellaneous 672”

Form 990-EZ, Part I, Line 16, Other Expenses

“Payroll Tax 7,548”

Form 990-EZ, Part II, Line 26, Liabilities

“PAYROLL TAX PAYABLE Beginning of year 11,363, End of year 1,862”

Form 990-EZ, Part III, Line 1

“To educate and faciliate the personal and professional development of young entrepreneurs character, integrity, and business acumen in order to shape the world for the better by teaching christian biblical priniples.”

Raw XML Appendix160 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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IRS990EZ/BooksInCareOfDetail/PhoneNum09177571741
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ESSEX FELLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007021
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt043851
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IRS990EZ/OccupancyRentUtltsAndMaintAmt0750
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE VP
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt027560
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0154760
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0300620
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0300620
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity , Grantee Hallie H. Neill, Cash Grant 14,250, Relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Ministry Expenses 18,729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Processing Fees 611
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Miscellaneous 672
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll Tax 7,548
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAYROLL TAX PAYABLE Beginning of year 11,363, End of year 1,862
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6To educate and faciliate the personal and professional development of young entrepreneurs character, integrity, and business acumen in order to shape the world for the better by teaching christian biblical priniples.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10, Grants Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part III, Line 1
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David C Andersen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parallel Partners Group Inc
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0815428363
ReturnHeader/Filer/PhoneNum09177571741
ReturnHeader/Filer/USAddress/AddressLine1Txt0133 Fells Road
ReturnHeader/Filer/USAddress/CityNm0Essex Fells
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007021
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.234.127.134
ReturnHeader/FilingSecurityInformation/IPDt02020-11-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm020:19:55
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Theodore W Angowski CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0327 Valley Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0W Orange
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007052
ReturnHeader/PreparerPersonGrp/PhoneNum09737318181
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Theodore W Angowski CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-02T05:09:49-00:00
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
$47,433
Liabilities
$1,862
Net assets
$45,571
Revenue
$154,763
Expenses
$141,680
Net income
$13,083
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.68$1.17$1.29$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.13$1.32$0.19
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.98$1.55$1.29$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$1.27$1.28$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.24$0.33$1.08$1.21$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.47$0.02$0.46$1.55$1.42$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.11$0.32$0.95$1.10$0.15
2017Summary only. Only limited summary data is available for this year.$0.48$0.00$0.51$0.03$0.48