Civic Intelligence

Floating Cities Institute Inc

EIN 84-2261408 • 501(c)3 • Brooklyn, NY

Profile

Advancing sustainable human settlements on the ocean

185 Wythe AvenueBrooklyn, NY 11249

http//WWW.FLOATINGCITIESINSTITUTE.ORG

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

255.00x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

42nd percentile

-1.0%

Higher net margin than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

150%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$0

Down $243 (-100%) from 2020

Liabilities

Up

$255

Up $6 (+2.4%) from 2020

Net Assets

Down

-$255

Down $249 (-4150%) from 2020

Operations
Liabilities / Revenue69th percentileNet Margin42nd percentile

Revenue

Up

$25,000

Up $15,000 (+150%) from 2020

Expenses

Up

$25,249

Up $17,654 (+232%) from 2020

Net Income

Down

-$249

Down $2,654 (-110%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0K$2.0K$1.0K$0-$1.0KAssets 2019: $46Liabilities 2019: $2,4572019Assets 2020: $243Liabilities 2020: $249Net Assets 2020: -$62020Assets 2021: $0Liabilities 2021: $255Net Assets 2021: -$2552021

Highlighted filing

2021

Assets$0
Liabilities$255
Net Assets-$255
Open 2021 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30K$20K$10K$0-$10KRevenue 2019: $0Expenses 2019: $2,411Net Income 2019: -$2,4112019Revenue 2020: $10,000Expenses 2020: $7,595Net Income 2020: $2,4052020Revenue 2021: $25,000Expenses 2021: $25,249Net Income 2021: -$2492021

Highlighted filing

2021

Revenue$25,000
Expenses$25,249
Net Income-$249
Open 2021 Filing

Filings

Most recent year

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

Open filing
Assets
$0
Liabilities
$255
Net assets
-$255
Revenue
$25,000
Expenses
$25,249
Net income
-$249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.26$0.26$25.0$25.2$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.25$0.01$10.0$7.60$2.41
2019Summary only. Only limited summary data is available for this year.$0.05$2.46$0.00$2.41$2.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 13, 2022
Return Version
2021v4.2
Gross Receipts
$25,000
Mission and Program Overview

Mission

Advancing sustainable human settlements on the ocean

Program Services

DescriptionGrantsExpenses
We are a global think tank devoted to advancing sustainable human settlements on the ocean. The main purpose of the Institute is to increase scientific knowledge and public understanding of the opportunities offered by floating ci-$249
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ITAI MADAMOMBEPresidentPT$0--
JESSICA JIJISecretaryPT$0--
MARC COLLINSTreasurerPT$0--
NICHOLAS MAKRISDirector-$0--
RICHARD WIESEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Floating Cities Institute Inc
EIN
84-2261408
In Care Of
% ITAI MADAMOMBE
Phone
9175654579
Address
185 WYTHE AVENUE, BROOKLYN, NY 11249

Signing Officer

Name
Itai Madamombe
Title
President
Signed
2022-12-13
Discuss with paid preparer
Yes

Preparer

Firm
Bowery Expatriate Tax Group Inc
Address
70 BOWERY SUITE 508, NEW YORK, NY 10013
Preparer
Anna Chan CPA
Phone
2129663772
Supplemental Narrative

Additional Explanations

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

“Subscriptions 249”

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

“Exhibition costs 25,000”

Form 990-EZ, Part II, Line 26, Liabilities

“Loan from shareholder Beginning of year 249, End of year 255”

Raw XML Appendix154 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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