Civic Intelligence

Speech to Text Institute

990EZ • Fiscal year 2022 • EIN 84-1977931

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

401 Edgewater Place 600Wakefield, MA 01880

(781) 876-8914

Siviq Scores

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

Liabilities / Assets

99th percentile

2.68x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

2.23x

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

52%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

22nd percentile

-16%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

32%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$76,569

Down $14,479 (-16%) from 2021

Net Assets

Up

-$128,454

Up $47,445 (+27%) from 2021

Liabilities

Down

$205,023

Down $61,924 (-23%) from 2021

Revenue

Up

$91,992

Up $22,056 (+32%) from 2021

Expenses

Down

$44,547

Down $82,119 (-65%) from 2021

Net Income

Up

$47,445

Up $104,175 (+184%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2020: $24,714Liabilities 2020: $143,8832020Assets 2021: $91,048Liabilities 2021: $266,947Net Assets 2021: -$175,8992021Assets 2022: $76,569Liabilities 2022: $205,023Net Assets 2022: -$128,4542022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2022

Assets$76,569
Liabilities$205,023
Net Assets-$128,454

Operations Trend

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

$150K$100K$50K$0-$50K-$100KRevenue 2020: $46,179Expenses 2020: $84,416Net Income 2020: -$38,2372020Revenue 2021: $69,936Expenses 2021: $126,666Net Income 2021: -$56,7302021Revenue 2022: $91,992Expenses 2022: $44,547Net Income 2022: $47,4452022Revenue 2023: $97,287Expenses 2023: $76,569Net Income 2023: $20,7182023

Highlighted filing

2022

Revenue$91,992
Expenses$44,547
Net Income$47,445
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$91,992
Mission and Program Overview

Mission

To lead the speech-to-text industry by setting standards of competance, professionalism, and service.

Program Services

DescriptionGrantsExpenses
TO DEFINE, MODERNIZE, AND LEAD AN AGE-OLD INDUSTRY TO PERPETUATE STANDARDS ACROSS ALL TECHNOLOGIES AND CONNECT FORWARD-THINKING BUSINESSES, PRACTITIONERS, AND EDUCATORS, AS WELL AS TO SUPPLY NEWS AND INFORMATION AND TO DO ALL THAT IS NECESSARY TO PROTECT THE INTEGRITY OF THE LEGAL RECORD.$0$41,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVE TOWNSENDPresident & CEO-$0--
ANIR DUTTAVice President-$0--
DAVID ROSSSecretary/Treasurer-$0--
CRAIG MITCHELLDirector-$0--
REESA PARKERDirector-$0--
TONY SIRNADirector-$0--
MICHAEL ROSEDirector-$0--
KELLY MORANZDirector-$0--
MICHAEL MCDONNERDirector-$0--
PETE GIAMMANCODirector-$0--
KATHY DILORENZODirector-$0--
JAMES CUDAHYExecutive Director (Until 7/2022)PT$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Speech to Text Institute
EIN
84-1977931
Phone
7818768914
Address
401 EDGEWATER PLACE 600, WAKEFIELD, MA 01880

Signing Officer

Name
Steve Townsend
Title
President & CEO
Phone
7818768914
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas F Muldoon CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: information technology. Amount: 1,254. Description: insurance. Amount: 417. Description: office expenses. Amount: 720. Description: marketing and promotion. Amount: 13,976. Description: membership services. Amount: 1,000. Description: bank fees. Amount: 1,691. Total to form 990-ez, line 16: 19,058.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 86,500. End of year amount: 65,750. Description: prepaid expenses. Beg. Of year amount: 1,620. End of year amount: 2,465.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 103,418. End of year amount: 107,736. Description: deferred revenue. Beg. Of year amount: 163,529. End of year amount: 97,287.

Raw XML Appendix173 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VIRTUAL INC
IRS990EZ/BooksInCareOfDetail/PhoneNum07818768914
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0401 EDGEWATER PLACE NO 600
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WAKEFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001880
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02928
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08354
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt019500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt047445
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt025471
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt091048
IRS990EZ/Form990TotalAssetsGrp/EOYAmt076569
IRS990EZ/GrossReceiptsAmt091992
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt072492
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-175899
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-128454
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-175899
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-128454
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt61.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt71.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt81.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt91.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt101.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1115.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt90
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt110
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE TOWNSEND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANIR DUTTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID ROSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CRAIG MITCHELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4REESA PARKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5TONY SIRNA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6MICHAEL ROSE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KELLY MORANZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MICHAEL MCDONNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9PETE GIAMMANCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10KATHY DILORENZO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11JAMES CUDAHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11EXECUTIVE DIRECTOR (UNTIL 7/2022)
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt088120
IRS990EZ/OtherAssetsTotalDetail/EOYAmt068215
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt019058
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO LEAD THE SPEECH-TO-TEXT INDUSTRY BY SETTING STANDARDS OF COMPETANCE, PROFESSIONALISM, AND SERVICE.
IRS990EZ/PrintingPublicationsPostageAmt018
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO DEFINE, MODERNIZE, AND LEAD AN AGE-OLD INDUSTRY TO PERPETUATE STANDARDS ACROSS ALL TECHNOLOGIES AND CONNECT FORWARD-THINKING BUSINESSES, PRACTITIONERS, AND EDUCATORS, AS WELL AS TO SUPPLY NEWS AND INFORMATION AND TO DO ALL THAT IS NECESSARY TO PROTECT THE INTEGRITY OF THE LEGAL RECORD.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt041701
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd01
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0266947
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0205023
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt044547
IRS990EZ/TotalProgramServiceExpensesAmt041701
IRS990EZ/TotalRevenueAmt091992
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SPEECHTOTEXTINSTITUTE.ORG
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 1,254. DESCRIPTION: INSURANCE. AMOUNT: 417. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 720. DESCRIPTION: MARKETING AND PROMOTION. AMOUNT: 13,976. DESCRIPTION: MEMBERSHIP SERVICES. AMOUNT: 1,000. DESCRIPTION: BANK FEES. AMOUNT: 1,691. TOTAL TO FORM 990-EZ, LINE 16: 19,058.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 86,500. END OF YEAR AMOUNT: 65,750. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,620. END OF YEAR AMOUNT: 2,465.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 103,418. END OF YEAR AMOUNT: 107,736. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 163,529. END OF YEAR AMOUNT: 97,287.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE TOWNSEND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07818768914
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SPEECH TO TEXT INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0SPEE
ReturnHeader/Filer/EIN0841977931
ReturnHeader/Filer/PhoneNum07818768914
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 EDGEWATER PLACE 600
ReturnHeader/Filer/USAddress/CityNm0WAKEFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001880
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AAFCPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS F MULDOON CPA
ReturnHeader/ReturnTs02023-11-14T17:17:32-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TOWNSEND
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings