Civic Intelligence

Daily Source Limited

990EZ • Fiscal year 2011 • EIN 83-0374559

Oct 01, 2010 to Sep 30, 2011 • Filed on Feb 14, 2012

15 Main Street Suite 20802472
Siviq Scores

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

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Net Margin

45th percentile

0.2%

Higher net margin than 45% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

91st percentile

97%

Faster asset growth than 91% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Revenue Growth

31st percentile

-15%

Faster revenue growth than 31% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2011

Assets

Up

$32,909

Up $16,240 (+97%) from 2010

Net Assets

Up

$5,736

Up $317 (+5.8%) from 2010

Liabilities

Up

$27,173

Up $15,923 (+142%) from 2010

Revenue

Down

$134,810

Down $23,066 (-15%) from 2010

Expenses

Down

$134,493

Down $23,114 (-15%) from 2010

Net Income

Up

$317

Up $48 (+18%) from 2010

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $16,669Liabilities 2010: $11,250Net Assets 2010: $5,4192010Assets 2011: $32,909Liabilities 2011: $27,173Net Assets 2011: $5,7362011Assets 2012: $51,814Liabilities 2012: $45,375Net Assets 2012: $6,4392012Assets 2013: $52,365Liabilities 2013: $4,6292013Assets 2014: $143,621Liabilities 2014: $3,0932014Assets 2015: $714,188Liabilities 2015: $22,832Net Assets 2015: $691,3562015Assets 2016: $1,117,427Liabilities 2016: $3,086Net Assets 2016: $1,114,3412016Assets 2017: $1,375,737Liabilities 2017: $59,595Net Assets 2017: $1,316,1422017Assets 2018: $867,388Liabilities 2018: $49,951Net Assets 2018: $817,4372018Assets 2019: $592,698Liabilities 2019: $9,949Net Assets 2019: $582,7492019Assets 2020: $3,196,921Liabilities 2020: $1,261Net Assets 2020: $3,195,6602020Assets 2021: $4,498,212Liabilities 2021: $4,568Net Assets 2021: $4,493,6442021Assets 2022: $3,503,005Liabilities 2022: $2,057Net Assets 2022: $3,500,9482022Assets 2023: $2,457,704Liabilities 2023: $845Net Assets 2023: $2,456,8592023

Highlighted filing

2011

Assets$32,909
Liabilities$27,173
Net Assets$5,736

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $157,876Expenses 2010: $157,607Net Income 2010: $2692010Revenue 2011: $134,810Expenses 2011: $134,493Net Income 2011: $3172011Revenue 2012: $126,728Expenses 2012: $126,025Net Income 2012: $7032012Revenue 2013: $109,766Expenses 2013: $68,469Net Income 2013: $41,2972013Revenue 2014: $190,129Expenses 2014: $97,337Net Income 2014: $92,7922014Revenue 2015: $683,104Expenses 2015: $80,233Net Income 2015: $602,8712015Revenue 2016: $420,559Expenses 2016: $76,083Net Income 2016: $344,4762016Revenue 2017: $194,879Expenses 2017: $63,201Net Income 2017: $131,6782017Revenue 2018: $8,868Expenses 2018: $101,026Net Income 2018: -$92,1582018Revenue 2019: $163,632Expenses 2019: $113,846Net Income 2019: $49,7862019Revenue 2020: $2,453,754Expenses 2020: $100,934Net Income 2020: $2,352,8202020Revenue 2021: $1,134,735Expenses 2021: $117,976Net Income 2021: $1,016,7592021Revenue 2022: -$113,678Expenses 2022: $87,206Net Income 2022: -$200,8842022Revenue 2023: -$847,634Expenses 2023: $27,974Net Income 2023: -$875,6082023

Highlighted filing

2011

Revenue$134,810
Expenses$134,493
Net Income$317
Jump To
Filing Snapshot
Filing Period
Oct 1, 2010 to Sep 30, 2011
Signed
Feb 14, 2012
Return Version
2010v3.4
Mission and Program Overview

Mission

Our mission is to convey high quality information to the public on topics useful to individuals and beneficial to society and the world (such as nonprofits, philanthropy, human rights, world affairs, the environment, poverty, health, science, technology and education), to promote the sharing and discussing of ideas and information, and to increase voluntarism, philanthropy and donations to charity.

Filing and Contact Details

Filer

EIN
83-0374559
Raw XML Appendix189 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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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName0Michael Kolar
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1Walter T Regan
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2Amy Luchans
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3Ellen Ferrante
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4Peter H Dunn
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0Board Member
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1Board Member
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2Board Member
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3Board Member
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4Director and Executive Director (All pay is related to work as Executive Director)
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IRS990EZ/PrimaryExemptPurpose0Bringing high quality news and information from across the Internet to the public 24 hours a day, 365 days a year in order to educate the public and improve our country and our world.
IRS990EZ/PrintingPublicationsPostage0241
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0Publishing: Published an estimated 30 editions on average per day of a daily news site, which is published 24 hours a day, 365 days of the year at DailySource.org covering various topic areas such as international, national, nonprofits, philanthropy, science, the environment, health, education, religion, and the arts. Each edition included numerous news stories, features, columns, photos, audio clips, videos and live chats. The site ended the year with over 2,938 registered users, which represents only a fraction of the total users, as 99% of users do not register. Registration and use of the site is free. We also posted all of our items to 3 different profiles on Twitter, and had over 75,000 ongoing users registered to follow our posts there. Our nonprofit had more than 140 volunteers contribute more than 32,500 volunteer hours during the year. (10,950 estimated editions published in the year)
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IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine20Suite 321
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IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10The Daily Source Limited
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber06174597709
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IRS990EZ/WebSite0www.dailysource.org
IRS990ScheduleA/AmountsSubstContributorsTotal0571564
IRS990ScheduleA/FactsAndCircumstancesTest0Our nonprofit organization meets the facts and circumstances test for the following reasons. The service that we're using to Efile does not allow line returns so we've used capital letters to separate the sections of text to make it easier to read. A) Our mission is to bring high quality news and information from across the Internet to the public 24 hours a day, 365 days a year in order to educate the public, and improve our country and our world. On average we publish 30 editions a day, covering various topic areas such as health, education, nonprofits, philanthropy, world affairs, national affairs, science, business, and the arts. Each edition includes numerous news stories, features, columns, photos, audio clips, videos and live chats. We have never missed a single day. B) Our service appeals to a wide swath of the public, and is not limited to a particular community or region. C) Our Web site is entirely free of charge to the public. We do not charge for its use or for registering. In addition, all of our past editions are made available to the public online for free on a continuous basis in our news archives section. Nearly all of our site is accessible without registering. The other small portion is accessible for free for any person from the public who wants to spend 1 minute registering. The only reason registration is needed is that a user account is needed so their preferences on the site can be used. D) In IRS Year 2007, we had over 100 volunteers donate a total of 18,211 volunteer hours. The nonprofit association Independent Sector provides national rates for the value of services from volunteers that it updates annually from Bureau of Labor Statics data. For calendar year 2008, they estimate the dollar value of volunteer time is $20.25 per hour. http://www.independentsector.org/programs/research/volunteer_time.html Their number comes from the Bureau of Labor Statics average wage figure increased by 12 percent to estimate for fringe benefits. Based on their recommended figure, volunteers gave us $368,777.47 in support in IRS year 2007 (our Fiscal Year ending Sept. 30, 2008). The IRS rules do not allow us to list that on the chart, yet it is support from the public. Counting it along with our $115,301 in monetary support for IRS year 2007 would put our public support at 76% even without factoring in donations under the 2% threshold. With donations under the 2% threshold included, it's over 76%. In IRS Year 2008, we had over 120 volunteers donate 25,326.36 hours, which using the Independent Sector suggestion, is $512,858.79 in support. Even if a much lower figure like $15 an hour is used, it still is $379,895.40. The Independent Sector estimates the value of 2009 at $20.85 an hour. In IRS year 2009, we had over 160 volunteers donate 36,365.51 hours. Using the Independent Sector figure, this is $758,220.88 in support from the public. In IRS year 2010, we had about 140 volunteers donate 32,500 hours. Using the Independent Sector figure of $21.36 an hour, this is $694,200 in support from the public. If this counted towards support, 84% of our support comes from the public, even without factoring in donations under the 2% threshold. Even if a much lower figure like $15 an hour is used, it is still 487,500 in the most recent year of volunteer support, which represents 78% of total support E) Our board is a mix of men and women from different states and different work backgrounds who represent a broad cross-section of public interests and views. Board member Peter Dunn is a journalist and former small business owner who has volunteered for numerous nonprofits. He is located in Florida. Board member Amy Luchans is Associate Director of Alumni Relations at Brandeis University in Waltham, Massachusetts and was assistant director of student activities at another college. Board member Walter Regan was formerly the Executive Director of the Online News Association, and worked for National Public Radio. He is located in Virginia.
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IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
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IRS990ScheduleO/GeneralExplanation/Explanation0Other expenses schedule Supplies $2,395, Internet and telephone $1,800, Web services, domains, and hosting $2,573, Bank fees $285, Depreciation $1,933, Total $8,986
IRS990ScheduleO/GeneralExplanation/Explanation1Pledges receivable $16,000, Inventory for future use $3,636, Prepaid expenses $509, Furniture and equipment (after depreciation) $3,782, Other long-term assets $8,254, Security deposits $100. Total $32,281
IRS990ScheduleO/GeneralExplanation/Explanation2Accounts payable and credit cards payable $3,041, Negative balance in 1 checking account in Quickbooks last day of fiscal year due to outstanding checks $24,132, Total $27,173
IRS990ScheduleO/GeneralExplanation/Identifier0F99Z_P01_S00_L16
IRS990ScheduleO/GeneralExplanation/Identifier1F99Z_P02_S00_L24
IRS990ScheduleO/GeneralExplanation/Identifier2F99Z_P02_S00_L26
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/Explanation0We are filing after February 15, 2011 due to the following notice: In order to facilitate systems and programming changes, the IRS today notified tax-exempt organizations that the IRS Modernized e-file (MEF) system will not be available from January 1, 2012 through February 29, 2012 for electronic filing of Forms 990, 990-EZ, 990-PF and 1120-POL information returns. The IRS is suspending the availability of the system to implement changes to IRS programs and systems for the 2011 tax year. The 990-N e-postcard filing system will not be affected by the temporary suspension of the MeF system To minimize the impact on affected organizations, the IRS is granting an extension of time to file to March 30, 2012 to organizations whose due date or first extended due date for returns is January 17, 2012 or February 15, 2012. Affected organizations required to file electronically may file electronically prior to January 1, 2012 or between March 1, 2012 and March 30, 2012. Organizations that are not required to file electronically may do the same and, alternatively, may file a paper return anytime before March 30, 2012. In addition, as described in Notice 2012-4, certain affected organizations normally required to file electronically will have the option to file a paper return during the suspension period. An affected organization that has not previously received an extension and wishes to extend its filing due date until after March 30, 2012 may request an automatic 3-month extension by filing Form 8868, Extension of Time to File an Exempt Organization Return, by its original due date. If an affected organization has already obtained an automatic 3-month extension, the IRS will grant the organization an additional 3-month extension if the organization properly completes and files Form 8868 by its first extended due date. Organizations that have already been granted two extensions for a total of six months may not request a further extension. Organizations are reminded that an extension of the time to file, including the automatic extension to March 30, 2012 provided in the Announcement, is not an extension of time to pay any tax liabilities that may be due for the year. Organizations with a filing due date (or first extended due date) between January 1, 2012 and February 29, 2012 that file their returns by March 30, 2012 will be considered to have timely filed. In the case of an organization with a second extended due date that falls during the suspension period, the organization will have reasonable cause for late filing and will not be subject to the late filing penalties if it files by March 30, 2012. The organization should attach a Reasonable Cause Statement to its return referencing Notice 2012-4 , in order to avoid receiving a system-generated penalty notice for late filing. Some organizations generally required to file electronically that have already obtained two three-month filing extensions may be uncomfortable with taking advantage of the late filing penalty relief provided in this notice. In that circumstance the organization may file its return on paper during the suspension.
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0830374559
ReturnHeader/Filer/Name/BusinessNameLine10DAILY SOURCE LIMITED
ReturnHeader/Filer/NameControl0DAIL
ReturnHeader/Filer/Phone06174597709
ReturnHeader/Filer/USAddress/AddressLine1015 Main Street Suite 208
ReturnHeader/Filer/USAddress/City0Watertown
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode002472
ReturnHeader/Officer/DateSigned02012-02-14
ReturnHeader/Officer/Name0Peter Dunn
ReturnHeader/Officer/Phone06174597709
ReturnHeader/Officer/Title0Executive Director
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02010-10-01
ReturnHeader/TaxPeriodEndDate02011-09-30
ReturnHeader/TaxYear02010
ReturnHeader/Timestamp02012-03-19T12:32:46-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.46$0.00$2.46$0.85$0.03$0.88
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$0.00$3.50$0.11$0.09$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$0.00$4.49$1.13$0.12$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.00$3.20$2.45$0.10$2.35
2019Summary only. Only limited summary data is available for this year.$0.59$0.01$0.58$0.16$0.11$0.05
2018Summary only. Only limited summary data is available for this year.$0.87$0.05$0.82$0.01$0.10$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.06$1.32$0.19$0.06$0.13
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.00$1.11$0.42$0.08$0.34
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.02$0.69$0.68$0.08$0.60
2014Summary only. Only limited summary data is available for this year.$0.14$0.00$0.19$0.10$0.09
2013Summary only. Only limited summary data is available for this year.$0.05$0.00$0.11$0.07$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.05$0.01$0.13$0.13$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.03$0.01$0.13$0.13$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.01$0.01$0.16$0.16$0.00