Civic Intelligence

Identity Technologies Inc

990 • Fiscal year 2021 • EIN 83-4231391

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileWWW.IDENTITY.COM
237 A Street 81914San Diego, CA 92101

(415) 235-5165

Siviq Scores

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

Liabilities / Assets

89th percentile

0.70x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.40x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Net Margin

12th percentile

-11%

Higher net margin than 12% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$313,272

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2021

Asset Growth

3rd percentile

-31%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

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

Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$6,362,422

Down $2,808,753 (-31%) from 2020

Net Assets

Down

$1,920,407

Down $364,219 (-16%) from 2020

Liabilities

Down

$4,442,015

Down $2,444,534 (-35%) from 2020

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin12th percentile

Revenue

Up

$3,167,885

Up $3,167,885 from 2020

Expenses

Up

$3,532,104

Up $3,261,971 (+1208%) from 2020

Net Income

Down

-$364,219

Down $94,086 (-35%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2019: $14,667,223Liabilities 2019: $12,112,464Net Assets 2019: $2,554,7592019Assets 2020: $9,171,175Liabilities 2020: $6,886,549Net Assets 2020: $2,284,6262020Assets 2021: $6,362,422Liabilities 2021: $4,442,015Net Assets 2021: $1,920,4072021Assets 2022: $4,320,353Liabilities 2022: $4,392,178Net Assets 2022: -$71,8252022Assets 2023: $2,908,865Liabilities 2023: $4,456,570Net Assets 2023: -$1,547,7052023Assets 2024: $2,716,306Liabilities 2024: $16,685Net Assets 2024: $2,699,6212024

Highlighted filing

2021

Assets$6,362,422
Liabilities$4,442,015
Net Assets$1,920,407
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2019: $10,520,121Expenses 2019: $7,965,362Net Income 2019: $2,554,7592019Revenue 2020: $0Expenses 2020: $270,133Net Income 2020: -$270,1332020Revenue 2021: $3,167,885Expenses 2021: $3,532,104Net Income 2021: -$364,2192021Revenue 2022: $104,503Expenses 2022: $2,096,735Net Income 2022: -$1,992,2322022Revenue 2023: $426,157Expenses 2023: $1,902,037Net Income 2023: -$1,475,8802023Revenue 2024: $6,647,375Expenses 2024: $2,400,049Net Income 2024: $4,247,3262024

Highlighted filing

2021

Revenue$3,167,885
Expenses$3,532,104
Net Income-$364,219
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$3,167,885
Mission and Program Overview

Mission

To create a self sustaining new identity economy, bringing low cost digital identifications to the world, increasing job opportunities, reducing the cost of identity verification, all while increasing quality in this merit based marketplace.

To create a self sustaining new identity economy

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,029,790$3,864,800▲ $2,835,010
Rtn Earn Endowment Incm Other Fnds$2,284,626$1,920,407▼ $364,219
Intangible Assets$1,200,000$1,200,000→ $0
Other Notes and Loans Receivable, Net-$461,000-
Land, Buildings, and Equipment, Net$2,915$19,087▲ $16,172
Accounts Receivable-$3,181-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$9,171,175$6,362,422▼ $2,808,753
Other Assets Total$6,938,470$814,354▼ $6,124,116
Liabilities
Other Liabilities$4,614,710$4,438,378▼ $176,332
Accounts Payable and Accrued Expenses$2,271,839$3,637▼ $2,268,202
Total Liabilities$6,886,549$4,442,015▼ $2,444,534
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,284,626$1,920,407▼ $364,219
Total Liabilities and Net Assets / Fund Balance$9,171,175$6,362,422▼ $2,808,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,087-$19,087
Other Assets Org$746,777--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleBaseOtherTotal
Phillip ShoemakerExecutive Director/sec$270,000$43,272$313,272
Llew ClaasenTreasurer$52,000-$52,000
James KilroeDirector$20,000-$20,000

Board Members and Trustees

NameTitle
Vinodan K LinghamPresident

Highest Paid Contractors

ContractorServicesLocationCompensation
Civic Technologies INCManagement, Consulting, Licensing Fee548 MARKET ST, San Francisco, CA 94104$2,559,906
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,167,885
Other Revenue
$0
Change in Net Assets
$-364,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,901,873
Salaries, Compensation, and Employee Benefits$630,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,466,166--$2,466,166
Other Salaries and Wages$444,970--$444,970
Fees for Services Management$269,629--$269,629
Other Employee Benefits$85,856--$85,856
Current Officers, Directors, Trustees, and Key Employees$72,000--$72,000
Payroll Taxes$27,405--$27,405
Travel$22,531--$22,531
Fees for Services Legal-$18,954-$18,954
Fees for Service Investment Mgmnt Fees-$15,731-$15,731
Fees for Services Accounting-$14,250-$14,250
All Other Expenses$4,232$3,466-$7,698
Other Expenses$4,290$16,554-$4,290
Office Expenses$2,120--$2,120
Advertising$774--$774
Total Functional Expenses$3,463,149$68,955$0$3,532,104
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cvc Promotional Token Deposit$4,392,178
Sba Ppp Loan$46,200
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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 B, Line 11B

“A copy of the final form 990 is sent to each board member before it is filed. Any questions or comments are addressed before the tax return is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes required documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Identity Technologies Inc
EIN
83-4231391
Phone
4152355165
Address
237 A STREET 81914, SAN DIEGO, CA 92101

Signing Officer

Name
Phillip Shoemaker
Title
Exec Director
Phone
4152355165
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Shoemaker
Formed
2019
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
695 TOWN CENTER DRIVE SUITE 1000, COSTA MESA, CA 92626
Preparer
Basir a Mohammad
Phone
7144367100
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

“The organization uses a third-party professional employer organization (peo) which runs payroll on behalf of the organization. The forms w-2 are filed by the peo and not by the organization.”

Form 990, Part IX, Line 11G

“Software licensing services: program service expenses 1,722,091. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,722,091. Software development consulting: program service expenses 662,350. Management and general expenses 0. Fundraising expenses 0. Total expenses 662,350. Contractors: program service expenses 53,473. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,473. Business development consulting: program service expenses 24,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,900. Product management consulting: program service expenses 3,352. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,352.”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PHILLIP SHOEMAKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR/SEC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0313272
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION USES A THIRD-PARTY PROFESSIONAL EMPLOYER ORGANIZATION (PEO) WHICH RUNS PAYROLL ON BEHALF OF THE ORGANIZATION. THE FORMS W-2 ARE FILED BY THE PEO AND NOT BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FINAL FORM 990 IS SENT TO EACH BOARD MEMBER BEFORE IT IS FILED. ANY QUESTIONS OR COMMENTS ARE ADDRESSED BEFORE THE TAX RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES REQUIRED DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOFTWARE LICENSING SERVICES: PROGRAM SERVICE EXPENSES 1,722,091. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,722,091. SOFTWARE DEVELOPMENT CONSULTING: PROGRAM SERVICE EXPENSES 662,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 662,350. CONTRACTORS: PROGRAM SERVICE EXPENSES 53,473. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,473. BUSINESS DEVELOPMENT CONSULTING: PROGRAM SERVICE EXPENSES 24,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,900. PRODUCT MANAGEMENT CONSULTING: PROGRAM SERVICE EXPENSES 3,352. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,352.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09171175
IRS990/TotalAssetsEOYAmt06362422
IRS990/TotalAssetsGrp/BOYAmt09171175
IRS990/TotalAssetsGrp/EOYAmt06362422
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt068955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03463149
IRS990/TotalFunctionalExpensesGrp/TotalAmt03532104
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06886549
IRS990/TotalLiabilitiesEOYAmt04442015
IRS990/TotalLiabilitiesGrp/BOYAmt06886549
IRS990/TotalLiabilitiesGrp/EOYAmt04442015
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02284626
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01920407
IRS990/TotalOtherCompensationAmt043272
IRS990/TotalProgramServiceExpensesAmt03463149
IRS990/TotalReportableCompFromOrgAmt0342000
IRS990/TotalRevenueGrp/ExclusionAmt03167885
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03167885
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09171175
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06362422
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt022531
IRS990/TravelGrp/TotalAmt022531
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0237 A STREET 81914
IRS990/USAddress/CityNm0SAN DIEGO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092101
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.IDENTITY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHILLIP SHOEMAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04152355165
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IDENTITY TECHNOLOGIES INC
ReturnHeader/Filer/BusinessNameControlTxt0IDEN
ReturnHeader/Filer/EIN0834231391
ReturnHeader/Filer/PhoneNum04152355165
ReturnHeader/Filer/USAddress/AddressLine1Txt0237 A STREET 81914
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0861065772
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DELOITTE TAX LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0695 TOWN CENTER DRIVE SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COSTA MESA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092626
ReturnHeader/PreparerPersonGrp/PhoneNum07144367100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BASIR A MOHAMMAD
ReturnHeader/ReturnTs02022-11-15T20:17:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PHILLIP
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHOEMAKER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,362,422
Liabilities
$4,442,015
Net assets
$1,920,407
Revenue
$3,167,885
Expenses
$3,532,104
Net income
-$364,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.72$0.02$2.70$6.65$2.40$4.25
2023Detailed filing. Detailed filing data is available for this year.$2.91$4.46$1.55$0.43$1.90$1.48
2022Detailed filing. Detailed filing data is available for this year.$4.32$4.39$0.07$0.10$2.10$1.99
2021Detailed filing. Detailed filing data is available for this year.$6.36$4.44$1.92$3.17$3.53$0.36
2020Detailed filing. Detailed filing data is available for this year.$9.17$6.89$2.28$0.00$0.27$0.27
2019Detailed filing. Detailed filing data is available for this year.$14.7$12.1$2.55$10.5$7.97$2.55