Civic Intelligence

Cps Qalicb Inc.

990 • Fiscal year 2021 • EIN 82-1897411

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileCOMMUNITYPARTNERSHIPSCHOOL.ORG
3033 W Glenwood AvePhiladelphia, PA 19121

(215) 235-0461

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

54.91x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

2nd percentile

-160%

Higher net margin than 2% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

14th percentile

-3.1%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

206%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$10,773,531

Down $340,765 (-3.1%) from 2020

Net Assets

Down

-$926,469

Down $340,765 (-58%) from 2020

Liabilities

Flat

$11,700,000

Flat from 2020

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin2nd percentile

Revenue

Up

$213,070

Up $143,436 (+206%) from 2020

Expenses

Flat

$553,835

Flat from 2020

Net Income

Up

-$340,765

Up $143,436 (+30%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017Assets 2018: $12,593,380Liabilities 2018: $12,616,241Net Assets 2018: -$22,8612018Assets 2019: $11,605,181Liabilities 2019: $11,706,684Net Assets 2019: -$101,5032019Assets 2020: $11,114,296Liabilities 2020: $11,700,000Net Assets 2020: -$585,7042020Assets 2021: $10,773,531Liabilities 2021: $11,700,000Net Assets 2021: -$926,4692021Assets 2022: $10,494,753Liabilities 2022: $11,700,000Net Assets 2022: -$1,205,2472022Assets 2023: $10,236,939Liabilities 2023: $11,700,000Net Assets 2023: -$1,463,0612023Assets 2024: $9,983,151Liabilities 2024: $11,700,000Net Assets 2024: -$1,716,8492024

Highlighted filing

2021

Assets$10,773,531
Liabilities$11,700,000
Net Assets-$926,469
Open 2021 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $22,861Net Income 2018: -$22,8612018Revenue 2019: $188,180Expenses 2019: $266,822Net Income 2019: -$78,6422019Revenue 2020: $69,634Expenses 2020: $553,835Net Income 2020: -$484,2012020Revenue 2021: $213,070Expenses 2021: $553,835Net Income 2021: -$340,7652021Revenue 2022: $275,057Expenses 2022: $553,835Net Income 2022: -$278,7782022Revenue 2023: $296,021Expenses 2023: $553,835Net Income 2023: -$257,8142023Revenue 2024: $312,046Expenses 2024: $565,834Net Income 2024: -$253,7882024

Highlighted filing

2021

Revenue$213,070
Expenses$553,835
Net Income-$340,765
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$213,070
Mission and Program Overview

Mission

Cps qalicb, inc. (the qalicb), a pennsylvania corporation, was created to complete a new market tax credit (nmtc) transaction. It provides support to community partnership school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,010,564$10,731,786▼ $278,778
Cash and Non-Interest-Bearing Accounts$103,732$41,745▼ $61,987
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-585,704$-926,469▼ $340,765
Total Assets$11,114,296$10,773,531▼ $340,765
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,700,000$11,700,000→ $0
Total Liabilities$11,700,000$11,700,000→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$-585,704$-926,469▼ $340,765
Total Liabilities and Net Assets / Fund Balance$11,114,296$10,773,531▼ $340,765

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,731,786$419,331$11,151,117
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Anne WilmerdingPresident
Gabe CanusoBoard Member
Sean DowlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$213,070
Other Revenue
$0
Change in Net Assets
$-340,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$553,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$278,778-$278,778
Interest-$275,057-$275,057
Total Functional Expenses$0$553,835$0$553,835
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Prior the filing the form 990, it is distributed to each board member for review.”

Form 990, Part VI, Section B, Line 12C

“The organization monitors the conflict of interest policy on an annual basis.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy and financial statements are available to the public upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Cps Qalicb Inc
EIN
82-1897411
Phone
2152350461
Address
3033 W GLENWOOD AVE, PHILADELPHIA, PA 19121

Signing Officer

Name
Anne Wilmerding
Title
President
Phone
2152350461
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Wilmerding
Formed
2017
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Sb & Company
Address
OC
Preparer
Pamela Gray
Phone
4105840060
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from the payment of income taxes on income other than net unrelated business income under section 501(c) (3) of the internal revenue code. The qalicb is a single member llc and a disregarded entity for tax purposes. The provisions included in accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's consolidated financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The school performed an evaluation of uncertain tax positions as of june 30, 2020, and determined that there were no matters that would require recognition in the consolidated financial statements or that may have any effect on its tax-exempt status. As of june 30, 2020, the statute of limitations for fiscal years 2017 through 2020 remains open with the u.s. Federal jurisdiction or the state and local jurisdiction in which the school files tax returns. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, as income tax expense.”

Raw XML Appendix351 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/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0213070
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IRS990/IndependentVotingMemberCnt03
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InterestGrp/ManagementAndGeneralAmt0275057
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0213070
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0419331
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011010564
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010731786
IRS990/LandBldgEquipCostOrOtherBssAmt011151117
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0CPS QALICB, INC. (THE QALICB), A PENNSYLVANIA CORPORATION, WAS CREATED TO COMPLETE A NEW MARKET TAX CREDIT (NMTC) TRANSACTION. IT PROVIDES SUPPORT TO COMMUNITY PARTNERSHIP SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE QALICB IS A SINGLE MEMBER LLC AND A DISREGARDED ENTITY FOR TAX PURPOSES. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2020, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2017 THROUGH 2020 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE STATE AND LOCAL JURISDICTION IN WHICH THE SCHOOL FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
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IRS990ScheduleE/DiscriminateRaceOtherActyInd00
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0STATEMENT IS PUT ON JOB DESCRIPTIONS AND WEBSITE WHEN JOBS ARE ADVERTISED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR THE FILING THE FORM 990, IT IS DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MONITORS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2C
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt010773531
IRS990/TotalAssetsGrp/BOYAmt011114296
IRS990/TotalAssetsGrp/EOYAmt010773531
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0553835
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0553835
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213070
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213070
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNE WILMERDING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02152350461
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CPS QALICB INC
ReturnHeader/Filer/BusinessNameControlTxt0CPSQ
ReturnHeader/Filer/EIN0821897411
ReturnHeader/Filer/PhoneNum02152350461
ReturnHeader/Filer/USAddress/AddressLine1Txt03033 W GLENWOOD AVE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202153727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SB & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/AddressLine1Txt010200 GRAND CENTRAL AVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CityNm0OWINGS MILLS
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/CountryCd0OC
ReturnHeader/PreparerFirmGrp/PreparerForeignAddress/ForeignPostalCd021117
ReturnHeader/PreparerPersonGrp/PhoneNum04105840060
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAMELA GRAY
ReturnHeader/ReturnTs02022-05-16T16:39:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILMERDING
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings

Displayed year

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

Open filing
Assets
$10,773,531
Liabilities
$11,700,000
Net assets
-$926,469
Revenue
$213,070
Expenses
$553,835
Net income
-$340,765
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.98$11.7$1.72$0.31$0.57$0.25
2023Detailed filing. Detailed filing data is available for this year.$10.2$11.7$1.46$0.30$0.55$0.26
2022Detailed filing. Detailed filing data is available for this year.$10.5$11.7$1.21$0.28$0.55$0.28
2021Detailed filing. Detailed filing data is available for this year.$10.8$11.7$0.93$0.21$0.55$0.34
2020Detailed filing. Detailed filing data is available for this year.$11.1$11.7$0.59$0.07$0.55$0.48
2019Detailed filing. Detailed filing data is available for this year.$11.6$11.7$0.10$0.19$0.27$0.08
2018Detailed filing. Detailed filing data is available for this year.$12.6$12.6$0.02$0.00$0.02$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00