Civic Intelligence

Purple Summit Inc.

990EZ • Fiscal year 2022 • EIN 83-4449695

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 17, 2023

Organization Profilewww.purplesummit.org
270 Main Street 206East Setauket, NY 11733

(631) 982-9182

Siviq Scores

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

Liabilities / Assets

99th percentile

5.10x

Higher debt load relative to assets than 99% of similar nonprofits.

2022 filings • NTEE J • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

2022 filings • NTEE J • <$500k nonprofits • Source year 2022

Asset Growth

30th percentile

-8.0%

Faster asset growth than 30% of similar nonprofits.

2022 filings • NTEE J • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

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

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$3,983

Down $346 (-8.0%) from 2021

Net Assets

Down

-$16,345

Down $4,195 (-35%) from 2021

Liabilities

Up

$20,328

Up $3,849 (+23%) from 2021

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2021

Expenses

Up

$4,195

Up $1 (+0.0%) from 2021

Net Income

Down

-$4,195

Down $1 (-0.0%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$40K$20K$0-$20K-$40KAssets 2019: $5,021Liabilities 2019: $8,497Net Assets 2019: -$3,4762019Assets 2020: $4,675Liabilities 2020: $12,631Net Assets 2020: -$7,9562020Assets 2021: $4,329Liabilities 2021: $16,479Net Assets 2021: -$12,1502021Assets 2022: $3,983Liabilities 2022: $20,328Net Assets 2022: -$16,3452022Assets 2023: $3,983Liabilities 2023: $24,184Net Assets 2023: -$20,2012023Assets 2024: $3,637Liabilities 2024: $28,327Net Assets 2024: -$24,6902024

Highlighted filing

2022

Assets$3,983
Liabilities$20,328
Net Assets-$16,345
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$5.0K$0-$5.0KRevenue 2019: $0Expenses 2019: $3,476Net Income 2019: -$3,4762019Revenue 2020: $0Expenses 2020: $4,480Net Income 2020: -$4,4802020Revenue 2021: $0Expenses 2021: $4,194Net Income 2021: -$4,1942021Revenue 2022: $0Expenses 2022: $4,195Net Income 2022: -$4,1952022Revenue 2023: $0Expenses 2023: $3,856Net Income 2023: -$3,8562023Revenue 2024: $0Expenses 2024: $4,489Net Income 2024: -$4,4892024

Highlighted filing

2022

Revenue$0
Expenses$4,195
Net Income-$4,195
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 17, 2023
Return Version
2022v5.0
Mission and Program Overview

Mission

The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes.

Program Services

DescriptionGrantsExpenses
The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes.-$4,195
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derek NgPresident-$0--
Ben YaoDirector-$0--
Gregg FlowerDirector-$0--
John LinChairman-$0--
Freddie NeilsonCEO-$0--
Derek MeiCFO & Secretary-$0--
Filing and Contact Details

Filer

Filer Name
Purple Summit Inc
EIN
83-4449695
Phone
6319829182
Address
270 MAIN STREET 206, EAST SETAUKET, NY 11733

Signing Officer

Name
Derek Ng
Title
President
Signed
2023-10-17
Discuss with paid preparer
Yes

Preparer

Firm
Wei Wei & Co Llp
Address
13310 39TH AVE, FLUSHING, NY 11354
Preparer
Steve Wei CPA
Phone
7184456308
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $90”

Other Expenses.1010

“Amortization $346”

Other Assets.1012

“Intangible Assets - Beginning $4329 Intangible Assets - Ending $3983”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $16479 Payable to Officers, Directors, Etc. - Ending $20328”

Raw XML Appendix168 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/BooksInCareOfDetail/USAddress/CityNm0EAST SETAUKET
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
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IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-12150
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-16345
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-12150
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-16345
IRS990EZ/OccupancyRentUtltsAndMaintAmt03000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3John Lin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Freddie Neilson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Derek Mei
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5CFO & Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04329
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03983
IRS990EZ/OtherExpensesTotalAmt0436
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes.
IRS990EZ/PrintingPublicationsPostageAmt09
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Corporation is formed for the charitable purposes of advocating for, supporting, promoting and furthering the reintegration of veterans into society; educating and informing the public to ensure the service of those men and women, who served in uniform and risked their lives to protect the people of the United States of America, is not forgotten; helping to ensure that such men and women, and members of their families, are not left behind; and lessening the hardships such persons who are in need; and engaging in any lawful act or activity that may be necessary, appropriate, incidental, useful, conducive or desirable to furthering, attaining or accomplishing the foregoing purposes.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04195
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt016479
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt020328
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt04195
IRS990EZ/TotalProgramServiceExpensesAmt04195
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.purplesummit.org
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt010164
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt110164
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04249
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt14248
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Derek Ng
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1John Lin
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt020328
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Amortization $346
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Intangible Assets - Beginning $4329 Intangible Assets - Ending $3983
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payable to Officers, Directors, Etc. - Beginning $16479 Payable to Officers, Directors, Etc. - Ending $20328
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1010
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Total Liabilities.1006
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Derek Ng
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PURPLE SUMMIT INC
ReturnHeader/Filer/BusinessNameControlTxt0PURP
ReturnHeader/Filer/EIN0834449695
ReturnHeader/Filer/PhoneNum06319829182
ReturnHeader/Filer/USAddress/AddressLine1Txt0270 MAIN STREET 206
ReturnHeader/Filer/USAddress/CityNm0EAST SETAUKET
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011733
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113264561
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEI WEI & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt013310 39TH AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011354
ReturnHeader/PreparerPersonGrp/PhoneNum07184456308
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Steve Wei CPA
ReturnHeader/ReturnTs02023-10-17T07:38:26-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Derek
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Ng
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,983
Liabilities
$20,328
Net assets
-$16,345
Revenue
$0
Expenses
$4,195
Net income
-$4,195
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.64$28.3$24.7$0.00$4.49$4.49
2023Detailed filing. Detailed filing data is available for this year.$3.98$24.2$20.2$0.00$3.86$3.86
2022Detailed filing. Detailed filing data is available for this year.$3.98$20.3$16.3$0.00$4.20$4.20
2021Detailed filing. Detailed filing data is available for this year.$4.33$16.5$12.2$0.00$4.19$4.19
2020Detailed filing. Detailed filing data is available for this year.$4.68$12.6$7.96$0.00$4.48$4.48
2019Detailed filing. Detailed filing data is available for this year.$5.02$8.50$3.48$0.00$3.48$3.48