Civic Intelligence

Npx Charitable Inc.

990 • Fiscal year 2021 • EIN 84-3037939

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 05, 2022

3450 Sacramento Street 217San Francisco, CA 94118

(415) 939-7087

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

28.11x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-14846%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

6th percentile

-11%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$9,111,435

Down $1,104,170 (-11%) from 2020

Net Assets

Down

$8,977,910

Down $705,197 (-7.3%) from 2020

Liabilities

Down

$133,525

Down $398,973 (-75%) from 2020

Revenue

Down

$4,750

Down $8,096,324 (-100%) from 2020

Expenses

Up

$709,947

Up $224,799 (+46%) from 2020

Net Income

Down

-$705,197

Down $8,321,123 (-109%) from 2020

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: $1,001,000Liabilities 2019: $43,912Net Assets 2019: $957,0882019Assets 2020: $10,215,605Liabilities 2020: $532,498Net Assets 2020: $9,683,1072020Assets 2021: $9,111,435Liabilities 2021: $133,525Net Assets 2021: $8,977,9102021Assets 2022: $7,597,321Liabilities 2022: $150,871Net Assets 2022: $7,446,4502022Assets 2023: $3,444,741Liabilities 2023: $150,000Net Assets 2023: $3,294,7412023Assets 2024: $2,282,863Liabilities 2024: $150,000Net Assets 2024: $2,132,8632024

Highlighted filing

2021

Assets$9,111,435
Liabilities$133,525
Net Assets$8,977,910

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2019: $1,000,000Expenses 2019: $42,912Net Income 2019: $957,0882019Revenue 2020: $8,101,074Expenses 2020: $485,148Net Income 2020: $7,615,9262020Revenue 2021: $4,750Expenses 2021: $709,947Net Income 2021: -$705,1972021Revenue 2022: $120,015Expenses 2022: $1,651,475Net Income 2022: -$1,531,4602022Revenue 2023: $63,502Expenses 2023: $4,215,211Net Income 2023: -$4,151,7092023Revenue 2024: $37,996Expenses 2024: $1,199,874Net Income 2024: -$1,161,8782024

Highlighted filing

2021

Revenue$4,750
Expenses$709,947
Net Income-$705,197
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 5, 2022
Return Version
2021v4.2
Gross Receipts
$4,750
Mission and Program Overview

Mission

To activate more capital, data, and impact in the nonprofit sector through results-based giving.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$885,210$8,919,496▲ $8,034,286
Investments in Publicly Traded Securities$5,057,723--
Pledges and Grants Receivable$4,260,550--
Cash and Non-Interest-Bearing Accounts$3,414$182,356▲ $178,942
Loans From Officers Directors$119,472$120,487▲ $1,015
Prepaid Expenses and Deferred Charges$8,708$9,583▲ $875
Total Assets$10,215,605$9,111,435▼ $1,104,170
Liabilities
Accounts Payable and Accrued Expenses$413,026$13,038▼ $399,988
Total Liabilities$532,498$133,525▼ $398,973
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,539,120$8,919,100▼ $620,020
Net Assets Without Donor Restrictions$143,987$58,810▼ $85,177
Total Net Assets Fund Balance$9,683,107$8,977,910▼ $705,197
Total Liabilities and Net Assets / Fund Balance$10,215,605$9,111,435▼ $1,104,170
Compensation and Service Providers

Board Members and Trustees

NameTitle
Catarina SchwabPresident
Lindsay BeckDirector
Marcus E BerryDirector
Margaret J HartiganSecretary
Caleb E JonasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,750
Other Revenue
$0
Change in Net Assets
$-705,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$620,020
Other Expenses$89,927
Total Fundraising Expense$150
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$620,020--$620,020
Fees for Services Accounting-$55,551-$55,551
Fees for Services Legal-$21,997-$21,997
Insurance-$9,125-$9,125
Office Expenses-$2,229-$2,229
Information Technology-$840-$840
Other Expenses-$25$150$25
Total Functional Expenses$620,020$89,777$150$709,947
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
10000 DegreesSan Rafael, CA501(c)(3)Funding for Community College Success Program.$489,260
Activate Work IncDenver, CO501(c)(3)Supports Training Program and Coaching Assistance to Participants to Secure Job Placements.$104,000
Bay Area Hybrid College InitiativeRichmond, CA501(c)(3)Payment for Each Student Who Graduates With a Bachelor Degree.$26,760
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$119,472$120,487▲ $1,015
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Lindsay beck and catarina schwab have a business relationship.

Form 990, Part VI, Section A, Line 3

The organization has a management agreement in place with npx, inc. For a variety of managerial and back-office support services. During 2021, there were no payments or accrual of expenses in regards to this management agreement.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent tax accountant, in conjunction with the organization's accounting and finance department; adjustments are made, as necessary. The form 990 is then reviewed with the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

All covered persons, including members of the board of directors, must complete and submit an annual conflict of interest disclosure statement. Additionally, whenever a covered person becomes aware that he or she or a family member has or may have an interest in a transaction that is coming before the board or a committee of the board or in a transaction involving the corporation, he or she must fully and promptly disclose such interest, whether it be direct or indirect. Upon a covered person's disclosure of an interest in a transaction, the board, in consultation with counsel if necessary, will determine whether a conflict of interest exists. If it is determined that a conflict exists or that there is an appearance of a conflict, the transaction may be approved only upon a vote of a majority of the disinterested directors, or if there are no disinterested directors, by a unanimous vote of the directors. The covered person may be present for the discussion in order to respond to questions and elaborate on the information presented. Upon request of the disinterested directors, the covered person will be required to excuse himself or herself from the vote on the transaction. In any event, the covered person, if a director of the corporation, will abstain from voting on the transaction except insofar as the conflict of interest policy requires a unanimous vote.

Form 990, Part VI, Section C, Line 19

The financial statements, organizational/governing documents, and conflict of interest policy are available upon written request.

Filing and Contact Details

Filer

Filer Name
Npx Charitable Inc
EIN
84-3037939
Phone
4159397087
Address
3450 SACRAMENTO STREET 217, SAN FRANCISCO, CA 94118

Signing Officer

Name
Catarina Schwab
Title
President
Phone
4159397087
Signed
2022-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catarina Schwab
Formed
2019
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Moss Adams Llp
Address
101 SECOND STREET SUITE 900, SAN FRANCISCO, CA 94105
Preparer
Michael Lumsden
Phone
4159561500
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORTS TRAINING PROGRAM AND COACHING ASSISTANCE TO PARTICIPANTS TO SECURE JOB PLACEMENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A BACHELOR DEGREE.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FUNDING FOR COMMUNITY COLLEGE SUCCESS PROGRAM.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BAY AREA HYBRID COLLEGE INITIATIVE
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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0120487
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0NPX INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO FUND CHARITABLE ACTIVITIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0120487
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt035% CONTROLLED ENTITY OF DIRECTORS CATARINA SCHWAB & LINDSAY BECK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0120487
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINDSAY BECK AND CATARINA SCHWAB HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A MANAGEMENT AGREEMENT IN PLACE WITH NPX, INC. FOR A VARIETY OF MANAGERIAL AND BACK-OFFICE SUPPORT SERVICES. DURING 2021, THERE WERE NO PAYMENTS OR ACCRUAL OF EXPENSES IN REGARDS TO THIS MANAGEMENT AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT, IN CONJUNCTION WITH THE ORGANIZATION'S ACCOUNTING AND FINANCE DEPARTMENT; ADJUSTMENTS ARE MADE, AS NECESSARY. THE FORM 990 IS THEN REVIEWED WITH THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL COVERED PERSONS, INCLUDING MEMBERS OF THE BOARD OF DIRECTORS, MUST COMPLETE AND SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT. ADDITIONALLY, WHENEVER A COVERED PERSON BECOMES AWARE THAT HE OR SHE OR A FAMILY MEMBER HAS OR MAY HAVE AN INTEREST IN A TRANSACTION THAT IS COMING BEFORE THE BOARD OR A COMMITTEE OF THE BOARD OR IN A TRANSACTION INVOLVING THE CORPORATION, HE OR SHE MUST FULLY AND PROMPTLY DISCLOSE SUCH INTEREST, WHETHER IT BE DIRECT OR INDIRECT. UPON A COVERED PERSON'S DISCLOSURE OF AN INTEREST IN A TRANSACTION, THE BOARD, IN CONSULTATION WITH COUNSEL IF NECESSARY, WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED THAT A CONFLICT EXISTS OR THAT THERE IS AN APPEARANCE OF A CONFLICT, THE TRANSACTION MAY BE APPROVED ONLY UPON A VOTE OF A MAJORITY OF THE DISINTERESTED DIRECTORS, OR IF THERE ARE NO DISINTERESTED DIRECTORS, BY A UNANIMOUS VOTE OF THE DIRECTORS. THE COVERED PERSON MAY BE PRESENT FOR THE DISCUSSION IN ORDER TO RESPOND TO QUESTIONS AND ELABORATE ON THE INFORMATION PRESENTED. UPON REQUEST OF THE DISINTERESTED DIRECTORS, THE COVERED PERSON WILL BE REQUIRED TO EXCUSE HIMSELF OR HERSELF FROM THE VOTE ON THE TRANSACTION. IN ANY EVENT, THE COVERED PERSON, IF A DIRECTOR OF THE CORPORATION, WILL ABSTAIN FROM VOTING ON THE TRANSACTION EXCEPT INSOFAR AS THE CONFLICT OF INTEREST POLICY REQUIRES A UNANIMOUS VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS, ORGANIZATIONAL/GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010215605
IRS990/TotalAssetsEOYAmt09111435
IRS990/TotalAssetsGrp/BOYAmt010215605
IRS990/TotalAssetsGrp/EOYAmt09111435
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0150
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089777
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620020
IRS990/TotalFunctionalExpensesGrp/TotalAmt0709947
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0532498
IRS990/TotalLiabilitiesEOYAmt0133525
IRS990/TotalLiabilitiesGrp/BOYAmt0532498
IRS990/TotalLiabilitiesGrp/EOYAmt0133525
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09683107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08977910
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0620020
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04750
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010215605
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09111435
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03450 SACRAMENTO STREET 217
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094118
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CATARINA SCHWAB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04159397087
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NPX CHARITABLE INC
ReturnHeader/Filer/BusinessNameControlTxt0NPXC
ReturnHeader/Filer/EIN0843037939
ReturnHeader/Filer/PhoneNum04159397087
ReturnHeader/Filer/USAddress/AddressLine1Txt03450 SACRAMENTO STREET 217
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094118
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910189318
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSS ADAMS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SECOND STREET SUITE 900
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094105
ReturnHeader/PreparerPersonGrp/PhoneNum04159561500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL LUMSDEN
ReturnHeader/ReturnTs02022-10-05T11:30:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CATARINA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHWAB
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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