Civic Intelligence

Speech to Text Institute

990EZ • Fiscal year 2021 • EIN 84-1977931

Jan 01, 2021 to Dec 31, 2021 • 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

2.93x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

3.82x

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

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

6th percentile

-81%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)6 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

268%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

51%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$91,048

Up $66,334 (+268%) from 2020

Net Assets

-$175,899

No earlier filing loaded for comparison.

Liabilities

Up

$266,947

Up $123,064 (+86%) from 2020

Revenue

Up

$69,936

Up $23,757 (+51%) from 2020

Expenses

Up

$126,666

Up $42,250 (+50%) from 2020

Net Income

Down

-$56,730

Down $18,493 (-48%) from 2020

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

2021

Assets$91,048
Liabilities$266,947
Net Assets-$175,899

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

2021

Revenue$69,936
Expenses$126,666
Net Income-$56,730
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2023
Return Version
2021v4.2
Gross Receipts
$69,936
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$62,326
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 DirectorPT$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: 4,049. Description: insurance. Amount: 1,502. Description: office expenses. Amount: 1,652. Description: marketing and promotion. Amount: 33,443. Description: miscellaneous. Amount: 2,053. Description: membership services. Amount: 6,000. Description: program expenses. Amount: 18,834. Total to form 990-ez, line 16: 67,533.

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

Description: accounts receivable. Beg. Of year amount: 7,500. End of year amount: 86,500. Description: prepaid expenses. Beg. Of year amount: 1,500. End of year amount: 1,620.

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

Description: accounts payable. Beg. Of year amount: 95,341. End of year amount: 103,418. Description: deferred revenue. Beg. Of year amount: 48,542. End of year amount: 163,529.

Raw XML Appendix172 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/OfficerDirectorTrusteeEmplGrp/PersonNm0STEVE TOWNSEND
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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
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO LEAD THE SPEECH-TO-TEXT INDUSTRY BY SETTING STANDARDS OF COMPETANCE, PROFESSIONALISM, AND SERVICE.
IRS990EZ/PrintingPublicationsPostageAmt015
IRS990EZ/ProgramServiceRevenueAmt022019
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.
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IRS990EZ/TotalProgramServiceExpensesAmt062326
IRS990EZ/TotalRevenueAmt069936
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0SPEECHTOTEXTINSTITUTE.ORG
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 4,049. DESCRIPTION: INSURANCE. AMOUNT: 1,502. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,652. DESCRIPTION: MARKETING AND PROMOTION. AMOUNT: 33,443. DESCRIPTION: MISCELLANEOUS. AMOUNT: 2,053. DESCRIPTION: MEMBERSHIP SERVICES. AMOUNT: 6,000. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 18,834. TOTAL TO FORM 990-EZ, LINE 16: 67,533.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 7,500. END OF YEAR AMOUNT: 86,500. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,500. END OF YEAR AMOUNT: 1,620.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 95,341. END OF YEAR AMOUNT: 103,418. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 48,542. END OF YEAR AMOUNT: 163,529.
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/TrustedCustomerCd00
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/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/ReturnTs02023-11-14T17:16:47-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEVE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TOWNSEND
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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