Civic Intelligence

Citizen56 Inc.

990 • Fiscal year 2023 • EIN 83-1856901

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

61 Lincoln RoadWayland, MA 01778

(617) 780-1660

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

3rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

90th percentile

45%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$36,746,994

Up $11,482,654 (+45%) from 2022

Net Assets

Up

$36,746,994

Up $11,482,654 (+45%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$11,653,491

Up $1,427,186 (+14%) from 2022

Expenses

Up

$128,020

Up $127,020 (+12702%) from 2022

Net Income

Up

$11,525,471

Up $1,300,166 (+13%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2018: $1,803Liabilities 2018: $02018Assets 2019: $47,608Liabilities 2019: $0Net Assets 2019: $47,6082019Assets 2020: $39,072Liabilities 2020: $0Net Assets 2020: $39,0722020Assets 2021: $15,039,035Liabilities 2021: $0Net Assets 2021: $15,039,0352021Assets 2022: $25,264,340Liabilities 2022: $0Net Assets 2022: $25,264,3402022Assets 2023: $36,746,994Liabilities 2023: $0Net Assets 2023: $36,746,9942023Assets 2024: $48,301,430Liabilities 2024: $0Net Assets 2024: $48,301,4302024

Highlighted filing

2023

Assets$36,746,994
Liabilities$0
Net Assets$36,746,994

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $163,570Expenses 2018: $161,767Net Income 2018: $1,8032018Revenue 2019: $54,000Expenses 2019: $8,195Net Income 2019: $45,8052019Revenue 2020: $0Expenses 2020: $8,536Net Income 2020: -$8,5362020Revenue 2021: $14,999,998Expenses 2021: $35Net Income 2021: $14,999,9632021Revenue 2022: $10,226,305Expenses 2022: $1,000Net Income 2022: $10,225,3052022Revenue 2023: $11,653,491Expenses 2023: $128,020Net Income 2023: $11,525,4712023Revenue 2024: $12,782,648Expenses 2024: $759,331Net Income 2024: $12,023,3172024

Highlighted filing

2023

Revenue$11,653,491
Expenses$128,020
Net Income$11,525,471
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$11,653,491
Mission and Program Overview

Mission

The specific purpose of the corporation is to provide educational information about history, democracy, science, social institutions and the environment via online service platforms and applications, film, books, and other forms of relevant media.

Provide educational information about history, democracy, science, social institutions and the environment via online service platforms and applications, film, books, and other forms of relevant media.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$24,200,000$24,200,000→ $0
Savings and Temporary Cash Investments-$12,541,169-
Investments in Publicly Traded Securities$1,049,797--
Cash and Non-Interest-Bearing Accounts$14,543$5,825▼ $8,718
Total Assets$25,264,340$36,746,994▲ $11,482,654
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$25,264,340$36,746,994▲ $11,482,654
Total Net Assets Fund Balance$25,264,340$36,746,994▲ $11,482,654
Total Liabilities and Net Assets / Fund Balance$25,264,340$36,746,994▲ $11,482,654

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$24,200,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William Haney IiiPresident
Gary MartellDirector
Tom DisneyDirector
Maura Mccarthy HaneyTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$11,600,069
Program Service Revenue
$0
Investment Income
$53,422
Other Revenue
$0
All Other Contributions
$11,600,069
Change in Net Assets
$11,525,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,653,491
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,653,491
Total Revenue per Form 990
$11,653,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,020
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
Fees for Services Other$40,783--$40,783
Office Expenses$40,056--$40,056
Other Expenses$26,450--$26,450
Fees for Services Accounting-$20,731-$20,731
Total Functional Expenses$107,289$20,731$0$128,020

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$128,020
Total Expenses per Audited Statements$128,020
Total Expenses per Form 990$128,020
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

William haney and maura mccarthy haney have a familial and business relationship.

Form 990, Part VI, Section A, Line 8B

The organization has no committees.

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

Form 990 is securely emailed to the organization's directors for review and comment before being filed.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Citizen56 Inc
EIN
83-1856901
Phone
6177801660
Address
61 LINCOLN ROAD, WAYLAND, MA 01778

Signing Officer

Name
Maura Mccarthy Haney
Title
Treasurer/secretary
Phone
6177801660
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Haney Iii
Formed
2018
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 40,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,783.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for the uncertainty in income taxes in accordance with the provisions of fasb asc topic no. 740 income taxes (asc 740), which prescribes a recognition threshold of more likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognizd in the financial statements. When necessary, the organization accounts for interest and penalties related to uncertain tax positions as part of its provision for income taxes. The organization does not expect that unrecognized tax benefits arising from tax positions will change significantly within the next 12 months.

Raw XML Appendix319 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR THE UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH THE PROVISIONS OF FASB ASC TOPIC NO. 740 INCOME TAXES (ASC 740), WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY-THAN-NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZD IN THE FINANCIAL STATEMENTS. WHEN NECESSARY, THE ORGANIZATION ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS PROVISION FOR INCOME TAXES. THE ORGANIZATION DOES NOT EXPECT THAT UNRECOGNIZED TAX BENEFITS ARISING FROM TAX POSITIONS WILL CHANGE SIGNIFICANTLY WITHIN THE NEXT 12 MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WILLIAM HANEY AND MAURA MCCARTHY HANEY HAVE A FAMILIAL AND BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS SECURELY EMAILED TO THE ORGANIZATION'S DIRECTORS FOR REVIEW AND COMMENT BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 40,783. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,783.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011653491
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025264340
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036746994
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt061 LINCOLN ROAD
IRS990/USAddress/CityNm0WAYLAND
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001778
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CITIZEN56.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MAURA MCCARTHY HANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06177801660
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CITIZEN56 INC
ReturnHeader/Filer/BusinessNameControlTxt0CITI
ReturnHeader/Filer/EIN0831856901
ReturnHeader/Filer/PhoneNum06177801660
ReturnHeader/Filer/USAddress/AddressLine1Txt061 LINCOLN ROAD
ReturnHeader/Filer/USAddress/CityNm0WAYLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001778
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 GRANITE STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum07813803520
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOLANTA TUCK CPA
ReturnHeader/ReturnTs02024-11-15T18:15:19-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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