Civic Intelligence

Tie Washington DC Chapter Inc

990 • Fiscal year 2023 • EIN 84-1701978

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

2300 Dulles Station Blvd 230Herndon, VA 20171

(703) 975-8344

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

52nd percentile

2.4%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

53rd percentile

2.3%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

4.5%

Faster revenue growth than 48% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$297,990

Up $6,636 (+2.3%) from 2022

Net Assets

Up

$297,990

Up $6,636 (+2.3%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$277,071

Up $11,950 (+4.5%) from 2022

Expenses

Down

$270,435

Down $28,134 (-9.4%) from 2022

Net Income

Up

$6,636

Up $40,084 (+120%) from 2022

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2019: $140,398Liabilities 2019: $1,3392019Assets 2020: $247,593Liabilities 2020: $0Net Assets 2020: $247,5932020Assets 2021: $326,497Liabilities 2021: $1,695Net Assets 2021: $324,8022021Assets 2022: $291,354Liabilities 2022: $0Net Assets 2022: $291,3542022Assets 2023: $297,990Liabilities 2023: $0Net Assets 2023: $297,9902023Assets 2024: $216,278Net Assets 2024: $216,2782024

Highlighted filing

2023

Assets$297,990
Liabilities$0
Net Assets$297,990

Operations Trend

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

$400K$200K$0-$200KRevenue 2019: $197,233Expenses 2019: $148,649Net Income 2019: $48,5842019Revenue 2020: $207,139Expenses 2020: $98,605Net Income 2020: $108,5342020Revenue 2021: $351,510Expenses 2021: $274,301Net Income 2021: $77,2092021Revenue 2022: $265,121Expenses 2022: $298,569Net Income 2022: -$33,4482022Revenue 2023: $277,071Expenses 2023: $270,435Net Income 2023: $6,6362023Revenue 2024: $158,565Expenses 2024: $235,277Net Income 2024: -$76,7122024

Highlighted filing

2023

Revenue$277,071
Expenses$270,435
Net Income$6,636
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$277,071
Mission and Program Overview

Mission

To promote entrepreneurship through events and memberships. It hosts and conducts events attended by entrepreneurs concerning entrepreneurship, mentoring programs and investments.

To promote entrepreneurship through events and memberships. It hosts and conducts events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$214,522$221,443▲ $6,921
Savings and Temporary Cash Investments$76,832$76,547▼ $285
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$291,354$297,990▲ $6,636
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$291,354$297,990▲ $6,636
Total Net Assets Fund Balance$291,354$297,990▲ $6,636
Total Liabilities and Net Assets / Fund Balance$291,354$297,990▲ $6,636
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sumeet ShrivastavaPast President
Rajesh RaiPresident
Srini BayireddyPresident Elect
Ashish KachruDirector
Manish MalhotraDirector
Pallabi SabooDirector
Praba MurugaiahDirector
Raji BezwadaDirector
Robert MakhejaDirector
Stephanie MangoDirector
Sumeet LuthraDirector
Nicole WashingtonEx- Trustee
Sri VasireddyEx- Trustee
Sundi NatarajanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$276,993
Investment Income
$78
Other Revenue
$0
Change in Net Assets
$6,636
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,435
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
Conferences and Meetings$123,746--$123,746
Fees for Services Management-$97,453-$97,453
Office Expenses-$5,377-$5,377
Other Expenses-$2,938-$2,938
All Other Expenses-$519-$519
Total Functional Expenses$123,746$146,689$0$270,435
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Form 990, Part VI, Section A, line 6:

The Organization has three types of members:General members - open to all individuals interested in entrepreneurshipExecutive members and Charter members - invited as defined by the provisions in the by-laws

Form 990, Part VI, Section A, line 7A:

Charter Members pay dues and have the rights to elect the Board and President.

Form 990, Part VI, Section B, line 11B:

The Finance Committee of the Board of Directors reviews the 990 for any changes. The form is then reviewed by the Executive Committee of the Board of Directors and approved for filing.

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

The conflict of interest policy is reviewed annually and as needed.

Form 990, Part VI, Section C, Line 19:

The organizing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
TiE Washington DC Chapter Inc
EIN
84-1701978
Phone
7039758344
Address
2300 Dulles Station Blvd 230, Herndon, VA 20171

Signing Officer

Name
Rajesh Rai
Title
President
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rajesh Rai
Formed
1992
Legal Domicile
Va
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Chugh Cpas Llp
Address
15925 Carmenita Rd, Cerritos, CA 90703
Preparer
Ashleen K Sahni
Phone
5622291220
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1, Description of Organization Mission:

To promote entrepreneurship through events and memberships. It hosts and conducts events attended by entrepreneurs concerning entrepreneurship, mentoring programs and investments.

Form 990, Part III, Line 4A, Program Service Accomplishments:

Mentoring - TiE is known for mentoring education and networking to help entrepreneurs and those starting new business. Every day, someone is mentored with the TiE ecosystem and guided towards the right path to achieve great heights.Besides creating wealth the organization also work to alleviate poverty and unemployment by fostering entrepreneurship worldwide.Education - TiE signature programs includes the TiE YoungEntrepreneurship (TYE), which fosters entrepreneurship and education in high school level students, the TiE International Start up Competition (TISC) which aims to nurture college level students and young start-ups, TiE Women's Forum which empowers women entrepreneurs throughout our network and numerous large scale conferences such as TiECon and TiE Global Summit.Networking - TiE conference attendees span the spectrum from successful founders of mature companies, entrepreneurs creating new companies,professional from top corporations leading venture capital firms to thought leaders to senior executives and technology professionals.Incubation - TiE Chapters often assist start-ups by offering those incubators space or subsidized services by sponsors and partners.Investing - Several start-ups have received funding and investment fromTiE Angel groups in the Network or from Angel Investors. TiE's successstems from the cycle where chapter member assist younger entrepreneurswith mentoring investments, networking etc. and foster success ofyounger start-ups in the community.These activities are ongoing throughout the DC metro area and are conducted by volunteers of the Organization.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2To promote entrepreneurship through events and memberships. It hosts and conducts events attended by entrepreneurs concerning entrepreneurship, mentoring programs and investments.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Mentoring - TiE is known for mentoring education and networking to help entrepreneurs and those starting new business. Every day, someone is mentored with the TiE ecosystem and guided towards the right path to achieve great heights.Besides creating wealth the organization also work to alleviate poverty and unemployment by fostering entrepreneurship worldwide.Education - TiE signature programs includes the TiE YoungEntrepreneurship (TYE), which fosters entrepreneurship and education in high school level students, the TiE International Start up Competition (TISC) which aims to nurture college level students and young start-ups, TiE Women's Forum which empowers women entrepreneurs throughout our network and numerous large scale conferences such as TiECon and TiE Global Summit.Networking - TiE conference attendees span the spectrum from successful founders of mature companies, entrepreneurs creating new companies,professional from top corporations leading venture capital firms to thought leaders to senior executives and technology professionals.Incubation - TiE Chapters often assist start-ups by offering those incubators space or subsidized services by sponsors and partners.Investing - Several start-ups have received funding and investment fromTiE Angel groups in the Network or from Angel Investors. TiE's successstems from the cycle where chapter member assist younger entrepreneurswith mentoring investments, networking etc. and foster success ofyounger start-ups in the community.These activities are ongoing throughout the DC metro area and are conducted by volunteers of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization has three types of members:General members - open to all individuals interested in entrepreneurshipExecutive members and Charter members - invited as defined by the provisions in the by-laws
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Charter Members pay dues and have the rights to elect the Board and President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Finance Committee of the Board of Directors reviews the 990 for any changes. The form is then reviewed by the Executive Committee of the Board of Directors and approved for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The conflict of interest policy is reviewed annually and as needed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The organizing documents are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part I, Line 1, Description of Organization Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4a, Program Service Accomplishments:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section A, line 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, line 7a:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, line 11b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section B, Line 12c:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Section C, Line 19:
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IRS990/USAddress/AddressLine1Txt02300 Dulles Station Blvd 230
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Rajesh Rai
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
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ReturnHeader/Filer/PhoneNum07039758344
ReturnHeader/Filer/USAddress/AddressLine1Txt02300 Dulles Station Blvd 230
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472202224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHUGH CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015925 Carmenita Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cerritos

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