Civic Intelligence

Parallel Partners Group Inc.

990EZ • Fiscal year 2021 • EIN 81-5428363

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 07, 2022

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

69th percentile

0.01x

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

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Net Margin

28th percentile

-1.3%

Higher net margin than 28% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$84,666

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 66.8% of source-year revenue.

2021 filings • NTEE J • <$500k nonprofits • Source year 2021

Asset Growth

77th percentile

28%

Faster asset growth than 77% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • NTEE J • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$72,844

Up $15,941 (+28%) from 2020

Net Assets

Up

$71,953

Up $39,376 (+121%) from 2020

Liabilities

Down

$891

Down $23,435 (-96%) from 2020

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin28th percentile

Revenue

Up

$126,739

Up $19,171 (+18%) from 2020

Expenses

Up

$128,358

Up $7,796 (+6.5%) from 2020

Net Income

Up

-$1,619

Up $11,375 (+88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2021

Assets$72,844
Liabilities$891
Net Assets$71,953
Open 2021 Filing

Operations Trend

Revenue Growth75th 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

2021

Revenue$126,739
Expenses$128,358
Net Income-$1,619
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 7, 2022
Return Version
2021v4.2
Gross Receipts
$126,739
Mission and Program Overview

Mission

Schedule O

Program Services

DescriptionGrantsExpenses
NY MEDIA$126,739$128,358
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID C ANDERSENCEOFT$84,666-$84,666
SONYA MCNAIRPresidentPT$18,408-$18,408
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
Phone
9177571741
Signed
2022-11-07
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

“Ministry Expenses 8,531”

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

“Processing Fees 464”

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

“Payroll Tax 8,724”

Form 990-EZ, Part I, Line 20, Net Assets

“Payroll Protection forgivness 40,995”

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

“PAYROLL TAX PAYABLE Beginning of year 3,771, End of year 891”

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

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

Raw XML Appendix163 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/CityNm0ESSEX FELLS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007021
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2EXECUTIVE VP
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt040995
IRS990EZ/OtherExpensesTotalAmt017719
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Schedule O
IRS990EZ/PrintingPublicationsPostageAmt065
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NY MEDIA
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0126739
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0128358
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0103074
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt024326
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0891
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt0128358
IRS990EZ/TotalProgramServiceExpensesAmt0128358
IRS990EZ/TotalRevenueAmt0126739
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0126776
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0107563
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0154760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt094860
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt051000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0534959
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/PublicSupportTotal509Amt0534959
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0126776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0107563
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154760
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0126776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0107563
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt051000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0534959
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/ExplanationTxt0Ministry Expenses 8,531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Processing Fees 464
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Payroll Tax 8,724
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payroll Protection forgivness 40,995
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL TAX PAYABLE Beginning of year 3,771, End of year 891
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PPP LOAN Beginning of year 20,555, End of year 0
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 20, Net Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26, Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09177571741
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-07
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ReturnHeader/Filer/EIN0815428363
ReturnHeader/Filer/PhoneNum09177571741
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0327 Valley Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0W Orange
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PhoneNum09737318181
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Theodore W Angowski CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-11-07T02:01:07-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ANDERSEN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$72,844
Liabilities
$891
Net assets
$71,953
Revenue
$126,739
Expenses
$128,358
Net income
-$1,619
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