Civic Intelligence

Parallel Partners Group Inc.

990EZ • Fiscal year 2020 • EIN 81-5428363

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 23, 2021

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

88th percentile

0.43x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • NTEE J • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.23x

Higher debt load relative to revenue than 87% of similar nonprofits.

2020 filings • NTEE J • <$500k nonprofits • Source year 2020

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

2020 filings • NTEE J • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$90,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 83.7% of source-year revenue.

2020 filings • NTEE J • <$500k nonprofits • Source year 2020

Asset Growth

64th percentile

20%

Faster asset growth than 64% of similar nonprofits.

2020 filings • NTEE J • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-30%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • NTEE J • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$56,903

Up $9,470 (+20%) from 2019

Net Assets

Down

$32,577

Down $12,994 (-29%) from 2019

Liabilities

Up

$24,326

Up $22,464 (+1206%) from 2019

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin20th percentile

Revenue

Down

$107,568

Down $47,195 (-30%) from 2019

Expenses

Down

$120,562

Down $21,118 (-15%) from 2019

Net Income

Down

-$12,994

Down $26,077 (-199%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2020

Assets$56,903
Liabilities$24,326
Net Assets$32,577
Open 2020 Filing

Operations Trend

Revenue Growth18th 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

2020

Revenue$107,568
Expenses$120,562
Net Income-$12,994
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 23, 2021
Return Version
2020v4.1
Gross Receipts
$107,568
Mission and Program Overview

Mission

Schedule O

Program Services

DescriptionGrantsExpenses
NY MEDIA$107,563$118,926
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID C ANDERSENCEO-$90,000-$90,000
SONYA MCNAIRPresident-$10,690-$10,690
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
2021-08-23
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 16, Other Expenses

“Telephone 87”

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

“Bank Service Fees 60”

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

“Ministry Expenses 9,324”

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

“Office Supplies 97”

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

“Processing Fees 373”

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

“Payroll Tax 8,060”

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

“PAYROLL TAX PAYABLE Beginning of year 1,862, End of year 3,771”

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

“PPP LOAN Beginning of year 0, End of year 20,555”

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 principles.”

Raw XML Appendix162 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/PersonNm0DR DAVID CHRISTIAN ANDERSEN
IRS990EZ/BooksInCareOfDetail/PhoneNum09177571741
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0133 FELLS ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ESSEX FELLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007021
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt047433
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt056903
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IRS990EZ/LobbyingActivitiesInd0false
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IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt045571
IRS990EZ/NetAssetsOrFundBalancesEOYAmt032577
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt032577
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1002.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ED MORGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE VP
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt018001
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Schedule O
IRS990EZ/PrintingPublicationsPostageAmt0171
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NY MEDIA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0107563
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0118926
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0100690
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01862
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt024326
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt0120562
IRS990EZ/TotalProgramServiceExpensesAmt0118926
IRS990EZ/TotalRevenueAmt0107568
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0107563
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0154760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt094860
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt051000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0408183
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0408183
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0107563
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0107563
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt051000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0408183
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Telephone 87
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Bank Service Fees 60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Ministry Expenses 9,324
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Office Supplies 97
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Processing Fees 373
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll Tax 8,060
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PAYROLL TAX PAYABLE Beginning of year 1,862, End of year 3,771
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PPP LOAN Beginning of year 0, End of year 20,555
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8To 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 principles.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
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 I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part III, Line 1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David C Andersen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Parallel Partners Group Inc
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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
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/PreparationDt02021-08-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Theodore W Angowski CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-08-23T10:44:06-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0David
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Andersen
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,903
Liabilities
$24,326
Net assets
$32,577
Revenue
$107,568
Expenses
$120,562
Net income
-$12,994
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