Civic Intelligence

Acquisition Science

990 • Fiscal year 2020 • EIN 82-4485501

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 22, 2022

Organization ProfileN/A
18301 Von Karman Ave 430Irvine, CA 92612

(415) 712-4444

Siviq Scores

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

Liabilities / Assets

64th percentile

0.14x

Higher debt load relative to assets than 64% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.22x

Higher debt load relative to revenue than 72% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

58th percentile

$26,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$983,534

Up $983,534 from 2019

Net Assets

Up

$849,134

Up $849,134 from 2019

Liabilities

Up

$134,400

Up $134,400 from 2019

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin96th percentile

Revenue

Up

$607,427

Up $84,373 (+16%) from 2019

Expenses

Up

$142,781

Up $25,357 (+22%) from 2019

Net Income

Up

$464,646

Up $59,016 (+15%) from 2019

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0Assets 2018: $239,000Liabilities 2018: $0Net Assets 2018: $239,0002018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $983,534Liabilities 2020: $134,400Net Assets 2020: $849,1342020Assets 2021: $1,064,012Liabilities 2021: $764,454Net Assets 2021: $299,5582021

Highlighted filing

2020

Assets$983,534
Liabilities$134,400
Net Assets$849,134
Open 2020 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2018: $239,000Expenses 2018: $0Net Income 2018: $239,0002018Revenue 2019: $523,054Expenses 2019: $117,424Net Income 2019: $405,6302019Revenue 2020: $607,427Expenses 2020: $142,781Net Income 2020: $464,6462020Revenue 2021: $649,561Expenses 2021: $1,199,137Net Income 2021: -$549,5762021

Highlighted filing

2020

Revenue$607,427
Expenses$142,781
Net Income$464,646
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 22, 2022
Return Version
2020v4.0
Gross Receipts
$607,427
Mission and Program Overview

Mission

Promote philantrophy within the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$384,488$849,134▲ $464,646
Other Notes and Loans Receivable, Net-$765,608-
Cash and Non-Interest-Bearing Accounts$384,488$217,926▼ $166,562
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$384,488$983,534▲ $599,046
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$134,400-
Total Liabilities$0$134,400▲ $134,400
Net Assets / Fund Balance
Total Net Assets Fund Balance$384,488$849,134▲ $464,646
Total Liabilities and Net Assets / Fund Balance$384,488$983,534▲ $599,046
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gar Yin LeeCEOPT$26,000$26,000
Revenue and Support

Revenue Composition

Contributions and Grants
$142,877
Program Service Revenue
$828,111
Investment Income
$20,927
Other Revenue
$-384,488
All Other Contributions
$142,877
Change in Net Assets
$464,646

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$100,000
Total Noncash Contributions1$100,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$112,727
Salaries, Compensation, and Employee Benefits$30,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$21,638$88,057-$109,695
Current Officers, Directors, Trustees, and Key Employees-$26,000-$26,000
Other Salaries and Wages-$4,054-$4,054
Interest-$2,165-$2,165
Fees for Service Investment Mgmnt Fees-$534-$534
Insurance-$333-$333
Total Functional Expenses$21,638$121,143$0$142,781
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
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, Line 11B: Form 990 Review Process

“Preliminary form 990 is reviewed by ceo so that he can make sure that information being reported is accurate.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The owner/ceo, gar yin lee. Is the sole management of this entity. He received $26,000 as compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The governing documents, conflicts of interest policy, and financial statements available to the public are made based on gar yin lee's discretion since he is the only member of the entity.”

Filing and Contact Details

Filer

Filer Name
Acquisition Science
EIN
82-4485501
Address
18301 VON KARMAN AVE 430, IRVINE, CA 92612

Signing Officer

Name
Gar Yin Lee
Title
CEO
Signed
2022-12-22
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
1
Independent Board Members
1
Employees
1

Preparer

Firm
Kayvon Salafian
Address
4270 Carpinteria Ave Apt 4, Carpinteria, CA 93013
Preparer
Kayvon Salafian MBA AIF CPFA
Phone
8056886317
Raw XML Appendix347 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRELIMINARY FORM 990 IS REVIEWED BY CEO SO THAT HE CAN MAKE SURE THAT INFORMATION BEING REPORTED IS ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OWNER/CEO, GAR YIN LEE. IS THE SOLE MANAGEMENT OF THIS ENTITY. HE RECEIVED $26,000 AS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ARE MADE BASED ON GAR YIN LEE'S DISCRETION SINCE HE IS THE ONLY MEMBER OF THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$983,534
Liabilities
$134,400
Net assets
$849,134
Revenue
$607,427
Expenses
$142,781
Net income
$464,646
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.76$0.30$0.65$1.20$0.55
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.13$0.85$0.61$0.14$0.46
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.52$0.12$0.41
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.24$0.00$0.24