Civic Intelligence

Digitalis Commons Inc.

990 • Fiscal year 2021 • EIN 83-2669271

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization ProfileDIGITALISCOMMONS.ORG
11 Times Square 1500ANew York, NY 10036

(646) 491-7988

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • NTEE E • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.53x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE E • $500k-$1M nonprofits • Source year 2021

Net Margin

79th percentile

30%

Higher net margin than 79% of similar nonprofits.

2021 filings • NTEE E • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2021 filings • NTEE E • $500k-$1M nonprofits • Source year 2021

Asset Growth

29th percentile

-2.2%

Faster asset growth than 29% of similar nonprofits.

2021 filings • NTEE E • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-91%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • NTEE E • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$771,011

Down $17,069 (-2.2%) from 2020

Net Assets

Up

$757,686

Up $7,647 (+1.0%) from 2020

Liabilities

Down

$13,325

Down $24,716 (-65%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin79th percentile

Revenue

Down

$25,192

Down $257,062 (-91%) from 2020

Expenses

Down

$17,545

Down $222,859 (-93%) from 2020

Net Income

Down

$7,647

Down $34,203 (-82%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$6.0M$4.0M$2.0M$0Assets 2019: $729,217Liabilities 2019: $21,028Net Assets 2019: $708,1892019Assets 2020: $788,080Liabilities 2020: $38,041Net Assets 2020: $750,0392020Assets 2021: $771,011Liabilities 2021: $13,325Net Assets 2021: $757,6862021Assets 2022: $1,116,050Liabilities 2022: $26,918Net Assets 2022: $1,089,1322022Assets 2023: $1,684,883Liabilities 2023: $29,825Net Assets 2023: $1,655,0582023Assets 2024: $4,398,787Liabilities 2024: $1,894,684Net Assets 2024: $2,504,1032024

Highlighted filing

2021

Assets$771,011
Liabilities$13,325
Net Assets$757,686
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

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

$6.0M$4.0M$2.0M$0Revenue 2019: $336,000Expenses 2019: $152,518Net Income 2019: $183,4822019Revenue 2020: $282,254Expenses 2020: $240,404Net Income 2020: $41,8502020Revenue 2021: $25,192Expenses 2021: $17,545Net Income 2021: $7,6472021Revenue 2022: $350,078Expenses 2022: $18,632Net Income 2022: $331,4462022Revenue 2023: $2,101,120Expenses 2023: $1,549,464Net Income 2023: $551,6562023Revenue 2024: $4,758,495Expenses 2024: $3,925,146Net Income 2024: $833,3492024

Highlighted filing

2021

Revenue$25,192
Expenses$17,545
Net Income$7,647
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$25,192
Mission and Program Overview

Mission

Digitalis commons, inc creates public-interest technology solutions to complex problems in health. Through the projects and programs the organization initiates, and the individuals and organizations it partners with, it strives to build open, frontier-advancing, and scalable solutions that have an outsized impact on health.

Creates public - interest technology solutions to complex problems in health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$767,380$771,011▲ $3,631
Pledges and Grants Receivable$20,700--
Total Assets$788,080$771,011▼ $17,069
Liabilities
Accounts Payable and Accrued Expenses$38,041$13,325▼ $24,716
Total Liabilities$38,041$13,325▼ $24,716
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$750,039$757,686▲ $7,647
Total Net Assets Fund Balance$750,039$757,686▲ $7,647
Total Liabilities and Net Assets / Fund Balance$788,080$771,011▼ $17,069
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Dac NguyenDirector
Geoffrey W SmithDirector
John T WilbanksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$25,000
Program Service Revenue
$0
Investment Income
$192
Other Revenue
$0
Change in Net Assets
$7,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,545
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 Accounting-$12,229-$12,229
Other Expenses$2,594$497-$3,091
Insurance-$2,225-$2,225
Total Functional Expenses$2,594$14,951$0$17,545
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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 2

“Relationships: all three directors of digitalis commons, inc. Are also involved in digitalis ventures, llc and the funds that it manages. Therefore, mr.smith, mr. Wilbanks and mr. Nguyen all have a business relationship with each other.”

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

“Review of form 990: the form 990 is prepared by the organization's accountants and e-mailed to the board for review before filing.”

Form 990, Part VI, Section B, Line 12C

“Conflict of interest policy: if a related party acquires any financial interest or when any matter for decision or approval comes before the board or authorized committee in which a related party has a financial interest, that financial interest or potential related party transaction must be promptly disclosed in writing to each member of the board. Failure to disclose may be grounds for removal of such person from the board and/or termination from the corporation. All transactions which may involve a potential conflict of interest,shall be reviewed by the board, or an authorized committee thereof. All related parties with a financial interest shall not participate in such deliberations. The board or authorized committee will then determine whether the contemplated related party transaction is fair, reasonable and in the best interests of the corporation at the time of such determination.”

Form 990, Part VI, Section C, Line 19

“Availability of documents: the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Digitalis Commons Inc
EIN
83-2669271
Phone
6464917988
Address
11 TIMES SQUARE 1500A, NEW YORK, NY 10036

Signing Officer

Name
Geoffrey W Smith
Title
Officer
Phone
6464917988
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Geoffrey W Smith
Formed
2018
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Lilling & Company Llp
Address
2 SEAVIEW BOULEVARD, PORT WASHINGTON, NY 11050
Preparer
Thomas Sherwood
Phone
5168291099
Raw XML Appendix287 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/ExplanationTxt0RELATIONSHIPS: ALL THREE DIRECTORS OF DIGITALIS COMMONS, INC. ARE ALSO INVOLVED IN DIGITALIS VENTURES, LLC AND THE FUNDS THAT IT MANAGES. THEREFORE, MR.SMITH, MR. WILBANKS AND MR. NGUYEN ALL HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF FORM 990: THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTANTS AND E-MAILED TO THE BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY: IF A RELATED PARTY ACQUIRES ANY FINANCIAL INTEREST OR WHEN ANY MATTER FOR DECISION OR APPROVAL COMES BEFORE THE BOARD OR AUTHORIZED COMMITTEE IN WHICH A RELATED PARTY HAS A FINANCIAL INTEREST, THAT FINANCIAL INTEREST OR POTENTIAL RELATED PARTY TRANSACTION MUST BE PROMPTLY DISCLOSED IN WRITING TO EACH MEMBER OF THE BOARD. FAILURE TO DISCLOSE MAY BE GROUNDS FOR REMOVAL OF SUCH PERSON FROM THE BOARD AND/OR TERMINATION FROM THE CORPORATION. ALL TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST,SHALL BE REVIEWED BY THE BOARD, OR AN AUTHORIZED COMMITTEE THEREOF. ALL RELATED PARTIES WITH A FINANCIAL INTEREST SHALL NOT PARTICIPATE IN SUCH DELIBERATIONS. THE BOARD OR AUTHORIZED COMMITTEE WILL THEN DETERMINE WHETHER THE CONTEMPLATED RELATED PARTY TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF THE CORPORATION AT THE TIME OF SUCH DETERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABILITY OF DOCUMENTS: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/PreparerPersonGrp/PhoneNum05168291099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS SHERWOOD
ReturnHeader/ReturnTs02022-11-10T15:19:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GEOFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$771,011
Liabilities
$13,325
Net assets
$757,686
Revenue
$25,192
Expenses
$17,545
Net income
$7,647
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.40$1.89$2.50$4.76$3.93$0.83
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.03$1.66$2.10$1.55$0.55
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.03$1.09$0.35$0.02$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.76$0.03$0.02$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.04$0.75$0.28$0.24$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.71$0.34$0.15$0.18