Civic Intelligence

Sye Initiative Inc.

990EZ • Fiscal year 2023 • EIN 83-2030921

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 07, 2024

Organization Profilewww.sye-initiative.org
5 Tudor City Plapt 1405New York, NY 10017

(312) 802-1676

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.00x

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-29%

Higher net margin than 13% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Asset Growth

28th percentile

-19%

Faster asset growth than 28% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-27%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$96,364

Down $22,096 (-19%) from 2022

Net Assets

Down

$96,364

Down $22,096 (-19%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin13th percentile

Revenue

Down

$75,853

Down $28,222 (-27%) from 2022

Expenses

Down

$97,950

Down $1,689 (-1.7%) from 2022

Net Income

Down

-$22,097

Down $26,533 (-598%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$200K$150K$100K$50K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $110,139Liabilities 2019: $02019Assets 2020: $186,379Liabilities 2020: $02020Assets 2021: $114,023Liabilities 2021: $0Net Assets 2021: $114,0232021Assets 2022: $118,460Liabilities 2022: $0Net Assets 2022: $118,4602022Assets 2023: $96,364Liabilities 2023: $0Net Assets 2023: $96,3642023Assets 2024: $167,895Liabilities 2024: $0Net Assets 2024: $167,8952024

Highlighted filing

2023

Assets$96,364
Liabilities$0
Net Assets$96,364
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

$200K$100K$0-$100KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $115,953Expenses 2019: $5,815Net Income 2019: $110,1382019Revenue 2020: $170,193Expenses 2020: $93,916Net Income 2020: $76,2772020Revenue 2021: $18,667Expenses 2021: $91,024Net Income 2021: -$72,3572021Revenue 2022: $104,075Expenses 2022: $99,639Net Income 2022: $4,4362022Revenue 2023: $75,853Expenses 2023: $97,950Net Income 2023: -$22,0972023Revenue 2024: $173,942Expenses 2024: $102,411Net Income 2024: $71,5312024

Highlighted filing

2023

Revenue$75,853
Expenses$97,950
Net Income-$22,097
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 7, 2024
Return Version
2023v5.0
Gross Receipts
$75,853
Mission and Program Overview

Mission

Educational Support for High School Students

Program Services

DescriptionGrantsExpenses
0--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Majed AbdulsamadTreasurerPT$0--
George BatahExecutive DirectorPT$0--
Abed ArnaoutSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Sye Initiative Inc
EIN
83-2030921
Phone
3128021676
Address
5 TUDOR CITY PLAPT 1405, NEW YORK, NY 10017

Signing Officer

Name
Majed Abdulsamad
Title
Treasurer
Phone
3128021676
Signed
2024-09-07
Supplemental Narrative

Additional Explanations

Schedule O:

“Form 990EZ, Part A, Line 16: Other Expenses - $4,915 We have used digital platforms and web services to deliver our services to students supported by our programs. This category includes software subscriptions and bank fees.”

Raw XML Appendix158 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt08657
IRS990EZ/BooksInCareOfDetail/PersonNm0Majed Abdulsamad
IRS990EZ/BooksInCareOfDetail/PhoneNum03128021676
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05 Tudor City Place
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010017
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0118459
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt096364
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt075853
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-22097
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt084378
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/Form990TotalAssetsGrp/EOYAmt096364
IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
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IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt096364
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Majed Abdulsamad
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1George Batah
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Abed Arnaout
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherEmployeePaidOver100kCnt00
IRS990EZ/OtherExpensesTotalAmt04915
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Educational support for high school students
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt097950
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt075853
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.sye-initiative.org
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104075
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt018667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0170193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0116147
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0484938
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00
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IRS990ScheduleA/PublicSupportTotal170Amt0484938
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075856
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104075
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt018667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0170193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0116147
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0484938
IRS990ScheduleA/TotalSupportAmt0484938
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990EZ, Part A, Line 16: Other Expenses - $4,915 We have used digital platforms and web services to deliver our services to students supported by our programs. This category includes software subscriptions and bank fees.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule O:
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Majed Abdulsamad
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03128021676
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SYE INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0SYEI
ReturnHeader/Filer/EIN0832030921
ReturnHeader/Filer/PhoneNum03128021676
ReturnHeader/Filer/USAddress/AddressLine1Txt05 TUDOR CITY PLAPT 1405
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-09-07T23:30:02Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$96,364
Liabilities
$0
Net assets
$96,364
Revenue
$75,853
Expenses
$97,950
Net income
-$22,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$1.74$1.02$0.72
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.76$0.98$0.22
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$1.04$1.00$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.19$0.91$0.72
2020Summary only. Only limited summary data is available for this year.$1.86$0.00$1.70$0.94$0.76
2019Summary only. Only limited summary data is available for this year.$1.10$0.00$1.16$0.06$1.10
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00