Civic Intelligence

Retirement Security Foundation

990 • Fiscal year 2021 • EIN 82-3988188

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 23, 2022

2824 Steinway Street Ste 221Queens, NY 11103

(347) 808-7192

Siviq Scores

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

Liabilities / Assets

49th percentile

0.02x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.02x

Higher debt load relative to revenue than 45% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

11th percentile

-21%

Higher net margin than 11% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

96th percentile

$206,334

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

5th percentile

-26%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-29%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$639,541

Down $223,555 (-26%) from 2020

Net Assets

Down

$624,931

Down $191,285 (-23%) from 2020

Liabilities

Down

$14,610

Down $32,270 (-69%) from 2020

Revenue

Down

$893,018

Down $367,224 (-29%) from 2020

Expenses

Down

$1,084,303

Down $892,054 (-45%) from 2020

Net Income

Up

-$191,285

Up $524,830 (+73%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $605,093Liabilities 2018: $113,934Net Assets 2018: $491,1592018Assets 2019: $1,577,962Liabilities 2019: $45,631Net Assets 2019: $1,532,3312019Assets 2020: $863,096Liabilities 2020: $46,880Net Assets 2020: $816,2162020Assets 2021: $639,541Liabilities 2021: $14,610Net Assets 2021: $624,9312021Assets 2022: $702,801Liabilities 2022: $19,681Net Assets 2022: $683,1202022Assets 2023: $312,129Liabilities 2023: $43,110Net Assets 2023: $269,0192023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$639,541
Liabilities$14,610
Net Assets$624,931

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $1,839,746Expenses 2018: $1,348,587Net Income 2018: $491,1592018Revenue 2019: $3,952,041Expenses 2019: $2,910,869Net Income 2019: $1,041,1722019Revenue 2020: $1,260,242Expenses 2020: $1,976,357Net Income 2020: -$716,1152020Revenue 2021: $893,018Expenses 2021: $1,084,303Net Income 2021: -$191,2852021Revenue 2022: $1,106,481Expenses 2022: $1,048,292Net Income 2022: $58,1892022Revenue 2023: $995,217Expenses 2023: $1,409,318Net Income 2023: -$414,1012023Expenses 2024: $30,5902024

Highlighted filing

2021

Revenue$893,018
Expenses$1,084,303
Net Income-$191,285
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 23, 2022
Return Version
2021v4.2
Gross Receipts
$893,018
Mission and Program Overview

Mission

Equable is a non-profit organization that educates and informs employees, retirees, and other stakeholders about how to create real retirement plan sustainability and accountability without sacrificing future income security.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$676,079--
Cash and Non-Interest-Bearing Accounts$173,542$639,379▲ $465,837
Prepaid Expenses and Deferred Charges$13,475$162▼ $13,313
Total Assets$863,096$639,541▼ $223,555
Liabilities
Accounts Payable and Accrued Expenses$46,880$14,610▼ $32,270
Total Liabilities$46,880$14,610▼ $32,270
Net Assets / Fund Balance
Net Assets With Donor Restrictions$716,995$760,741▲ $43,746
Net Assets Without Donor Restrictions$99,221$-135,810▼ $235,031
Total Net Assets Fund Balance$816,216$624,931▼ $191,285
Total Liabilities and Net Assets / Fund Balance$863,096$639,541▼ $223,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anthony M RandazzoExecutive DirectorFT$206,334$206,334

Board Members and Trustees

NameTitle
Josh McGeeChairman
Dan LiljenquistDirector
Richard RavitchDirector
Pete ConstantSecretary
Lois ScottTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelson Mullins Riley & Scarborough LLPEducationCounsel1320 Main Street 17th Floor, Columbia, SC 29201$107,000
Revenue and Support

Revenue Composition

Contributions and Grants
$889,750
Program Service Revenue
$0
Investment Income
$268
Other Revenue
$3,000
All Other Contributions
$806,418
Change in Net Assets
$-191,285

Audited Revenue Reconciliation

Revenue per Audited Statements
$893,018
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$893,018
Total Revenue per Form 990
$893,018
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$601,674
Other Expenses$482,629
Total Fundraising Expense$5,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$343,230$5,167-$348,397
Current Officers, Directors, Trustees, and Key Employees$342,334--$342,334
Other Salaries and Wages$144,834$33-$144,867
Fees for Services Accounting-$61,179-$61,179
Payroll Taxes$45,424--$45,424
Pension Plan Contributions$41,441--$41,441
Occupancy-$28,383-$28,383
Other Employee Benefits$27,608--$27,608
Information Technology-$13,548-$13,548
Office Expenses$1,261$8,847-$10,108
Fees for Services Legal-$2,667-$2,667
Other Expenses$1,332$690$5,188$2,022
Travel$950--$950
Total Functional Expenses$958,601$120,514$5,188$1,084,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,084,303
Total Expenses per Audited Statements$1,084,303
Total Expenses per Form 990$1,084,303
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 8B

The Organization does not have any committees to act on behalf of the governing body.

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

The 990 was completed in collaboration with the Executive Director, who was authorized by the board President. An approved copy was provided to all board members before filing.

Form 990, Part VI, Section B, line 12

Our policy is that board members are non-compensated individuals. The executive director and operations team ensure that no directors, officers, or other staff at the organization will reap a financial gain from a consulting contract given to an outside organization or other financial transaction with another organization.

Form 990, Part VI, Section B, line 15A

Compensation is determined by the Board of Directors.

Form 990, Part VI, Section C, line 19

The Organization makes its documents available upon request.

Filing and Contact Details

Filer

Filer Name
Equable Institute
EIN
82-3988188
Phone
3478087192
Address
2824 Steinway Street Ste 221, Queens, NY 11103

Signing Officer

Name
Anthony M Randazzo
Title
Executive Director
Phone
3478087192
Signed
2022-11-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony M Randazzo
Formed
2017
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
5
Volunteers
0

Preparer

Firm
Mersereau Lazenby & Rockas LLC
Address
3469 Lawrenceville-Suwanee Rd, Suwanee, GA 30024
Phone
7706146800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Payroll Service Charges: Program service expenses 0. Management and general expenses 1,061. Fundraising expenses 0. Total expenses 1,061. Professional fees: Program service expenses 162,233. Management and general expenses 4,106. Fundraising expenses 0. Total expenses 166,339. Pension Researcher: Program service expenses 38,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,500. Education Specialist: Program service expenses 17,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,000. Digital Project and Content Manager: Program service expenses 32,139. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,139. Technical : Program service expenses 90,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,000. Recruitment: Program service expenses 3,358. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,358.

Form 990, Part XII, Line 2C:

The Organization did not change either its oversight process or selection process during the tax year.

Financial Statement Notes

Part X, Line 2:

US GAAP requires that uncertain tax positions be recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. At December 31, 2021 and 2020, management has determined that the Organization had no material uncertain tax positions that require recognition or disclosure in the financial statements.

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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01084303
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0893018
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0US GAAP requires that uncertain tax positions be recognized in the financial statements when it is more likely than not, based on technical merits, that the position will be sustained upon examination. At December 31, 2021 and 2020, management has determined that the Organization had no material uncertain tax positions that require recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01084303
IRS990ScheduleD/TotalRevenuePerForm990Amt0893018
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0893018
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01084303
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0206334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Anthony M Randazzo
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0206334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization does not have any committees to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 was completed in collaboration with the Executive Director, who was authorized by the board President. An approved copy was provided to all board members before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Our policy is that board members are non-compensated individuals. The executive director and operations team ensure that no directors, officers, or other staff at the organization will reap a financial gain from a consulting contract given to an outside organization or other financial transaction with another organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation is determined by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Payroll Service Charges: Program service expenses 0. Management and general expenses 1,061. Fundraising expenses 0. Total expenses 1,061. Professional fees: Program service expenses 162,233. Management and general expenses 4,106. Fundraising expenses 0. Total expenses 166,339. Pension Researcher: Program service expenses 38,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,500. Education Specialist: Program service expenses 17,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,000. Digital Project and Content Manager: Program service expenses 32,139. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,139. Technical : Program service expenses 90,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,000. Recruitment: Program service expenses 3,358. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,358.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization did not change either its oversight process or selection process during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0863096
IRS990/TotalAssetsEOYAmt0639541
IRS990/TotalAssetsGrp/BOYAmt0863096
IRS990/TotalAssetsGrp/EOYAmt0639541
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0889750
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05188
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0120514
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0958601
IRS990/TotalFunctionalExpensesGrp/TotalAmt01084303
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046880
IRS990/TotalLiabilitiesEOYAmt014610
IRS990/TotalLiabilitiesGrp/BOYAmt046880
IRS990/TotalLiabilitiesGrp/EOYAmt014610
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0816216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0624931
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0958601
IRS990/TotalReportableCompFromOrgAmt0206334
IRS990/TotalRevenueGrp/ExclusionAmt0268
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0893018
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0863096
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0639541
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0950
IRS990/TravelGrp/TotalAmt0950
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02824 Steinway Street Set 221
IRS990/USAddress/CityNm0Queens
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011103
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.equable.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Anthony M Randazzo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03478087192
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Equable Institute
ReturnHeader/Filer/BusinessNameControlTxt0EQUA
ReturnHeader/Filer/EIN0823988188
ReturnHeader/Filer/PhoneNum03478087192
ReturnHeader/Filer/USAddress/AddressLine1Txt02824 Steinway Street Ste 221
ReturnHeader/Filer/USAddress/CityNm0Queens
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011103
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mersereau Lazenby & Rockas LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03469 Lawrenceville-Suwanee Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Suwanee
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030024

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