Civic Intelligence

Breaktime United Inc.

990 • Fiscal year 2020 • EIN 84-2301372

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

170 Portland StreetBoston, MA 02114

(508) 319-1679

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$69,654

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

99th percentile

615%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

100th percentile

1864%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$715,987

Up $615,876 (+615%) from 2019

Net Assets

Up

$693,852

Up $593,741 (+593%) from 2019

Liabilities

Up

$22,135

Up $22,135 from 2019

Revenue

Up

$2,344,415

Up $2,225,029 (+1864%) from 2019

Expenses

Up

$1,750,674

Up $1,731,399 (+8983%) from 2019

Net Income

Up

$593,741

Up $493,630 (+493%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2019: $100,111Liabilities 2019: $0Net Assets 2019: $100,1112019Assets 2020: $715,987Liabilities 2020: $22,135Net Assets 2020: $693,8522020Assets 2021: $1,085,858Liabilities 2021: $30,894Net Assets 2021: $1,054,9642021Assets 2022: $3,764,120Liabilities 2022: $161,513Net Assets 2022: $3,602,6072022Assets 2023: $4,512,529Liabilities 2023: $183,847Net Assets 2023: $4,328,6822023Assets 2024: $14,675,458Liabilities 2024: $3,399,235Net Assets 2024: $11,276,2232024

Highlighted filing

2020

Assets$715,987
Liabilities$22,135
Net Assets$693,852

Operations Trend

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

$15M$10M$5.0M$0Revenue 2019: $119,386Expenses 2019: $19,275Net Income 2019: $100,1112019Revenue 2020: $2,344,415Expenses 2020: $1,750,674Net Income 2020: $593,7412020Revenue 2021: $1,444,193Expenses 2021: $1,083,081Net Income 2021: $361,1122021Revenue 2022: $4,720,762Expenses 2022: $2,173,119Net Income 2022: $2,547,6432022Revenue 2023: $4,811,999Expenses 2023: $4,098,968Net Income 2023: $713,0312023Revenue 2024: $12,825,778Expenses 2024: $5,613,237Net Income 2024: $7,212,5412024

Highlighted filing

2020

Revenue$2,344,415
Expenses$1,750,674
Net Income$593,741
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,344,415
Mission and Program Overview

Mission

Breaktime is a boston-based nonprofit working to end young adult homelessness through purposeful transitional employment and financial empowerment. We empower young adults experiencing homelessness to secure stable employment and permanent housing while bolstering the health of their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,111$637,987▲ $537,876
Pledges and Grants Receivable-$78,000-
Total Assets$100,111$715,987▲ $615,876
Liabilities
Accounts Payable and Accrued Expenses-$22,135-
Total Liabilities$0$22,135▲ $22,135
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,111$568,852▲ $468,741
Net Assets With Donor Restrictions-$125,000-
Total Net Assets Fund Balance$100,111$693,852▲ $593,741
Total Liabilities and Net Assets / Fund Balance$100,111$715,987▲ $615,876
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Connor SchoenCo-founder/eFT$69,654$69,654
Tony ShuCo-founder/cFT$61,654$61,654

Board Members and Trustees

NameTitle
Peter BryantDirector
Robert HeckartDirector
Christopher LangAssistant Cl
Grace Sterling StowellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,177,195
Program Service Revenue
$167,220
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,743,662
Change in Net Assets
$593,741

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory5$1,075,097Avg Fair Market Value (FMV) Per Pound or Box
Total Noncash Contributions5$1,075,097-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,344,415
Revenue Not Reported on Form 990
$9,303
Total Revenue per Audited Statements
$2,353,718
Total Revenue per Form 990
$2,344,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,525,973
Salaries, Compensation, and Employee Benefits$224,701
Total Fundraising Expense$23,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$105,753$10,260$15,295$131,308
Other Salaries and Wages$70,386$1,687$2,516$74,589
Fees for Services Other$69,326$779$1,162$71,267
Occupancy$21,913--$21,913
Payroll Taxes$14,509$1,724$2,571$18,804
Fees for Services Accounting-$12,265-$12,265
Insurance$6,102--$6,102
All Other Expenses$122$2,392-$2,514
Other Expenses$4,616$301$1,811$2,112
Office Expenses$214$277$60$551
Travel$424-$26$450
Total Functional Expenses$1,697,548$29,685$23,441$1,750,674

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,759,977
Expenses per Audited Statements$1,750,674
Total Expenses per Form 990$1,750,674
Expenses Not Reported on Form 990$9,303
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The board reviews and approves the 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Annual disclosure is required and reviewed by the board of directors. Whenever there is a potential conflict, the board reviews its policy for procedures.

Form 990, Page 6, Part VI, Line 15A

The co-executive director salaries are reviewed and evaluated annually by the board. Salary increases are approved by the board.

Form 990, Page 6, Part VI, Line 15B

Staff are reviewed and evaluated annually by the executive director. Salary increases are approved by the board.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Breaktime United Inc
EIN
84-2301372
Phone
5083191679
Address
170 PORTLAND STREET, BOSTON, MA 02114

Signing Officer

Name
Connor Schoen
Title
Co-founder/e.d/pres.
Phone
6172866047
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connor Schoen
Formed
2019
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
4
Employees
17

Preparer

Firm
Gonzalez and Associates Pc
Address
14 PAGE TERRACE, STOUGHTON, MA 02072
Preparer
Lillian Gonzalez CPA Mst Csep Csrp
Phone
7813441040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Breaktime is a boston-based nonprofit working to end young adult homelessness through purposeful transitional employment and financial empowerment. We empower young adults experiencing homelessness to secure stable employment and permanent housing while bolstering the health of their communities.

Form 990, Page 2, Part III, Line 2

The organization increased their program activity, as described in 990 part iii, line 4a.

Form 990, Page 2, Part III, Line 3

The organization increased their program activity, as described in 990 part iii, line 4a.

Form 990, Page 2, Part III, Line 4A

Breaktimes model centers around a 15-week purposeful transitional employment program called the double impact initiative. This program ensures that participants (associates) are (1) equipped with the job skills and financial stability they need for long-term success; (2) engaged in meaningful work in their community; and (3) empowered to see their own potential as a young person. We recruit young adults from other nonprofits providing transitional housing and case management, and following two weeks of cohort-based training, we co-fund the wages for associates to work at local nonprofits and community organizations for three months. Through this early intervention, breaktime combats long-term chronic homelessness and supports young adults in becoming changemakers in their communities. Ultimately, the double impact initiative accomplishes two goals: launching the careers of young adults experiencing homelessness and empowering them through purposeful transitional employment that promotes the health and wellbeing of their communities. We believe in the power and potential of all young people to support their communities and believe that the opportunity to give back to others is just as transformative as the job itself. We hope to not only empower young adults with the pathways and financial resources to lead a stable life, but we also hope to empower young adults with the purpose and perspective to become changemakers in our community.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0119836
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01221934
IRS990ScheduleA/TotalSupportAmt01221934
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IRS990ScheduleD/ExpensesSubtotalAmt01750674
IRS990ScheduleD/RevenueNotReportedAmt09303
IRS990ScheduleD/RevenueSubtotalAmt02344415
IRS990ScheduleD/TotalExpensesPerForm990Amt01750674
IRS990ScheduleD/TotalRevenuePerForm990Amt02344415
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IRS990ScheduleM/FoodInventoryGrp/ContributionCnt05
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0AVG FMV PER POUND OR BOX
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IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt01075097
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0BREAKTIME UNITED RECEIVED VARIOUS FOOD BOXES AND ITEMS FROM 5 DIFFERENT ORGANIZATIONS. THE VALUE OF DONATED FOOD RANGES FROM 1.62/LB TO 46.44/BOX, AS DETERMINED BY THE DONOR.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BREAKTIME IS A BOSTON-BASED NONPROFIT WORKING TO END YOUNG ADULT HOMELESSNESS THROUGH PURPOSEFUL TRANSITIONAL EMPLOYMENT AND FINANCIAL EMPOWERMENT. WE EMPOWER YOUNG ADULTS EXPERIENCING HOMELESSNESS TO SECURE STABLE EMPLOYMENT AND PERMANENT HOUSING WHILE BOLSTERING THE HEALTH OF THEIR COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION INCREASED THEIR PROGRAM ACTIVITY, AS DESCRIBED IN 990 PART III, LINE 4A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION INCREASED THEIR PROGRAM ACTIVITY, AS DESCRIBED IN 990 PART III, LINE 4A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BREAKTIMES MODEL CENTERS AROUND A 15-WEEK PURPOSEFUL TRANSITIONAL EMPLOYMENT PROGRAM CALLED THE DOUBLE IMPACT INITIATIVE. THIS PROGRAM ENSURES THAT PARTICIPANTS (ASSOCIATES) ARE (1) EQUIPPED WITH THE JOB SKILLS AND FINANCIAL STABILITY THEY NEED FOR LONG-TERM SUCCESS; (2) ENGAGED IN MEANINGFUL WORK IN THEIR COMMUNITY; AND (3) EMPOWERED TO SEE THEIR OWN POTENTIAL AS A YOUNG PERSON. WE RECRUIT YOUNG ADULTS FROM OTHER NONPROFITS PROVIDING TRANSITIONAL HOUSING AND CASE MANAGEMENT, AND FOLLOWING TWO WEEKS OF COHORT-BASED TRAINING, WE CO-FUND THE WAGES FOR ASSOCIATES TO WORK AT LOCAL NONPROFITS AND COMMUNITY ORGANIZATIONS FOR THREE MONTHS. THROUGH THIS EARLY INTERVENTION, BREAKTIME COMBATS LONG-TERM CHRONIC HOMELESSNESS AND SUPPORTS YOUNG ADULTS IN BECOMING CHANGEMAKERS IN THEIR COMMUNITIES. ULTIMATELY, THE DOUBLE IMPACT INITIATIVE ACCOMPLISHES TWO GOALS: LAUNCHING THE CAREERS OF YOUNG ADULTS EXPERIENCING HOMELESSNESS AND EMPOWERING THEM THROUGH PURPOSEFUL TRANSITIONAL EMPLOYMENT THAT PROMOTES THE HEALTH AND WELLBEING OF THEIR COMMUNITIES. WE BELIEVE IN THE POWER AND POTENTIAL OF ALL YOUNG PEOPLE TO SUPPORT THEIR COMMUNITIES AND BELIEVE THAT THE OPPORTUNITY TO GIVE BACK TO OTHERS IS JUST AS TRANSFORMATIVE AS THE JOB ITSELF. WE HOPE TO NOT ONLY EMPOWER YOUNG ADULTS WITH THE PATHWAYS AND FINANCIAL RESOURCES TO LEAD A STABLE LIFE, BUT WE ALSO HOPE TO EMPOWER YOUNG ADULTS WITH THE PURPOSE AND PERSPECTIVE TO BECOME CHANGEMAKERS IN OUR COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL DISCLOSURE IS REQUIRED AND REVIEWED BY THE BOARD OF DIRECTORS. WHENEVER THERE IS A POTENTIAL CONFLICT, THE BOARD REVIEWS ITS POLICY FOR PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CO-EXECUTIVE DIRECTOR SALARIES ARE REVIEWED AND EVALUATED ANNUALLY BY THE BOARD. SALARY INCREASES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7STAFF ARE REVIEWED AND EVALUATED ANNUALLY BY THE EXECUTIVE DIRECTOR. SALARY INCREASES ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01697548
IRS990/TotalFunctionalExpensesGrp/TotalAmt01750674
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt022135
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IRS990/TotalProgramServiceExpensesAmt01697548
IRS990/TotalProgramServiceRevenueAmt0167220
IRS990/TotalReportableCompFromOrgAmt0131308
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0715987
IRS990/TravelGrp/FundraisingAmt026
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IRS990/TravelGrp/TotalAmt0450
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0170 PORTLAND STREET
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002114
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IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BREAKTIME.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONNOR SCHOEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-FOUNDER/E.D/PRES.
ReturnHeader/BusinessOfficerGrp/PhoneNum06172866047
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BREAKTIME UNITED INC
ReturnHeader/Filer/BusinessNameControlTxt0BREA
ReturnHeader/Filer/EIN0842301372
ReturnHeader/Filer/PhoneNum05083191679
ReturnHeader/Filer/USAddress/AddressLine1Txt0170 PORTLAND STREET
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002114
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0272630858
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GONZALEZ AND ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014 PAGE TERRACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STOUGHTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002072
ReturnHeader/PreparerPersonGrp/PhoneNum07813441040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LILLIAN GONZALEZ CPA MST CSEP CSRP
ReturnHeader/ReturnTs02021-11-15T14:26:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CONNOR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHOEN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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