Civic Intelligence

Floating Cities Institute Inc

990EZ • Fiscal year 2020 • EIN 84-2261408

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 18, 2022

Organization ProfileHTTP//WWW.FLOATINGCITIESINSTITUTE.ORG
185 Wythe AvenueBrooklyn, NY 11249

(917) 565-4579

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

73rd percentile

24%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

428%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

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

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$243

Up $197 (+428%) from 2019

Net Assets

-$6

No earlier filing loaded for comparison.

Liabilities

Down

$249

Down $2,208 (-90%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin73rd percentile

Revenue

Up

$10,000

Up $10,000 from 2019

Expenses

Up

$7,595

Up $5,184 (+215%) from 2019

Net Income

Up

$2,405

Up $4,816 (+200%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$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

2020

Assets$243
Liabilities$249
Net Assets-$6
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$10,000
Expenses$7,595
Net Income$2,405
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 18, 2022
Return Version
2020v4.2
Gross Receipts
$10,000
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-$7,595
Compensation and Service Providers
Top Officer Pay76th 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
Phone
9175654579
Address
185 WYTHE AVENUE, BROOKLYN, NY 11249

Signing Officer

Name
Itai Madamombe
Title
President
Phone
9175654579
Signed
2022-12-18
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

“Travel 3,183”

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

“Meals and entertainment 645”

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

“Website design 1,200”

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

“Email domain name 250”

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

“Hotel 1,138”

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

“Bank charges 100”

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

“Subscriptions 555”

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

“Loan from Shareholder Beginning of year 2,457, End of year 249”

Raw XML Appendix161 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/CityNm0BROOKLYN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RICHARD WIESE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt07071
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Advancing sustainable human settlements on the ocean
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt07595
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02457
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0249
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt07595
IRS990EZ/TotalProgramServiceExpensesAmt07595
IRS990EZ/TotalRevenueAmt010000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTP//WWW.FLOATINGCITIESINSTITUTE.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010000
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalSupportAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt010000
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Travel 3,183
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Meals and entertainment 645
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Website design 1,200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Email domain name 250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Hotel 1,138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bank charges 100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Subscriptions 555
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Loan from Shareholder Beginning of year 2,457, End of year 249
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part II, Line 26, Liabilities
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/EIN0842261408
ReturnHeader/Filer/PhoneNum09175654579
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ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 BOWERY SUITE 508
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ReturnHeader/ReturnTs02022-12-18T07:46:20-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ITAI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MADAMOMBE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$243
Liabilities
$249
Net assets
-$6
Revenue
$10,000
Expenses
$7,595
Net income
$2,405
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