Civic Intelligence

Open Syllabus Inc.

990 • Fiscal year 2022 • EIN 84-3255967

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

306 West 100th StreetNew York, NY 10025

(917) 428-7762

Siviq Scores

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

Liabilities / Assets

38th percentile

0.03x

Higher debt load relative to assets than 38% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.02x

Higher debt load relative to revenue than 31% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$171,872

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

92nd percentile

99%

Faster asset growth than 92% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1875%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,334,462

Up $663,537 (+99%) from 2021

Net Assets

Up

$1,299,089

Up $644,321 (+98%) from 2021

Liabilities

Up

$35,373

Up $19,216 (+119%) from 2021

Revenue

Up

$1,772,464

Up $1,682,731 (+1875%) from 2021

Expenses

Up

$1,128,143

Up $160,650 (+17%) from 2021

Net Income

Up

$644,321

Up $1,522,081 (+173%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $167,781Liabilities 2019: $4,265Net Assets 2019: $163,5162019Assets 2020: $1,579,393Liabilities 2020: $46,865Net Assets 2020: $1,532,5282020Assets 2021: $670,925Liabilities 2021: $16,157Net Assets 2021: $654,7682021Assets 2022: $1,334,462Liabilities 2022: $35,373Net Assets 2022: $1,299,0892022Assets 2023: $1,243,335Liabilities 2023: $39,878Net Assets 2023: $1,203,4572023Assets 2024: $577,187Liabilities 2024: $30,157Net Assets 2024: $547,0302024

Highlighted filing

2022

Assets$1,334,462
Liabilities$35,373
Net Assets$1,299,089

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2019: $204,695Expenses 2019: $41,179Net Income 2019: $163,5162019Revenue 2020: $1,942,525Expenses 2020: $573,513Net Income 2020: $1,369,0122020Revenue 2021: $89,733Expenses 2021: $967,493Net Income 2021: -$877,7602021Revenue 2022: $1,772,464Expenses 2022: $1,128,143Net Income 2022: $644,3212022Revenue 2023: $832,431Expenses 2023: $928,063Net Income 2023: -$95,6322023Revenue 2024: $348,291Expenses 2024: $1,004,718Net Income 2024: -$656,4272024

Highlighted filing

2022

Revenue$1,772,464
Expenses$1,128,143
Net Income$644,321
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,772,464
Mission and Program Overview

Mission

Open syllabus is a non-profit organization that collects and analyzes millions of university syllabi to support novel teaching and learning applications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$234,000$875,000▲ $641,000
Savings and Temporary Cash Investments$80,082$230,140▲ $150,058
Cash and Non-Interest-Bearing Accounts$354,843$226,322▼ $128,521
Prepaid Expenses and Deferred Charges-$1,000-
Total Assets$670,925$1,334,462▲ $663,537
Other Assets Total$2,000$2,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$16,157$35,373▲ $19,216
Total Liabilities$16,157$35,373▲ $19,216
Net Assets / Fund Balance
Net Assets With Donor Restrictions$513,650$1,262,538▲ $748,888
Net Assets Without Donor Restrictions$141,118$36,551▼ $104,567
Total Net Assets Fund Balance$654,768$1,299,089▲ $644,321
Total Liabilities and Net Assets / Fund Balance$670,925$1,334,462▲ $663,537

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,000--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Joe KaraganisPresident and Treasurer$156,247$15,625$171,872
Joe Karaganis-$156,247$15,625$171,872
David McclureVice President and Secretary$155,030$10,600$165,630
David Mcclure-$155,030$10,600$165,630

Board Members and Trustees

NameTitle
Amber Garrison DuncanBoard Member
Amy BrandBoard Member
Daniel CohnBoard Member
Ted ByfieldBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$1,752,250
Program Service Revenue
$20,153
Investment Income
$61
Other Revenue
$0
All Other Contributions
$1,752,250
Change in Net Assets
$644,321

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,772,464
Total Revenue per Audited Statements
$1,772,464
Total Revenue per Form 990
$1,772,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$834,587
Other Expenses$293,556
Total Fundraising Expense$127,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$258,504$79,540$59,654$397,698
Current Officers, Directors, Trustees, and Key Employees$202,330$62,255$46,692$311,277
Fees for Services Other$118,118$21,803$0$139,921
Payroll Taxes$34,156$10,510$7,882$52,548
Pension Plan Contributions$24,735$7,611$5,708$38,054
Other Employee Benefits$22,756$7,002$5,252$35,010
Fees for Services Accounting$0$10,000$0$10,000
Fees for Services Legal$0$5,310$0$5,310
All Other Expenses$194$4,226$45$4,465
Travel$2,200$677$508$3,385
Office Expenses$1,617$497$373$2,487
Other Expenses$0$698$0$698
Advertising$477$0$0$477
Total Functional Expenses$789,761$211,351$127,031$1,128,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,128,143
Total Expenses per Audited Statements$1,128,143
Total Expenses per Form 990$1,128,143
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
Filing and Contact Details

Filer

Filer Name
Open Syllabus Inc
EIN
84-3255967
Phone
9174287762
Address
306 WEST 100TH STREET, NEW YORK, NY 10025

Signing Officer

Name
Joe Karaganis
Title
Director
Phone
9174287762
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Karaganis
Formed
2019
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
West Ii & Company Llp
Address
56 PALMER ROAD, YONKERS, NY 10701
Preparer
James F West Ii
Phone
9149680053
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Joe karaganis and david mcclure are shareholders in infinite syllabus, pbc.

Pt VI, Line 8B

The organization does noy have any committees.

Pt VI, Line 11B

The draft 990 is emailed to all board members for review prior to submitting to the irs.

Pt VI, Line 12C

The board of directors are sent open syllabus' conflict of interest policy and are asked to make timely disclosure of any issues that might constitute a conflict of interest.

Pt VI, Line 15A

The board of directors evaluates the total compensation of the president and vice president. The board compares local and regional compensation rates of executives managing organizations of compareable size and scope of service.

Pt VI, Line 15B

The board of directors evaluates the total compensation of key employees. The board compares local and regional compensation rates of executives managing organizations of compareable size and scope of service.

Financial Statement Notes

Pt X, Line 2

Open syllabus applies the provision of fasb asc 740, income taxes. Management has considered possible areas of uncertain tax positions and possible areas of risk to its tax-exempt status. Management has concluded that open syllabus has no uncertain tax positions and that its tax exempt status would be sustained upon examination.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03864981
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0144
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt073
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0144
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0153
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt06929
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt088
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07170
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt03864981
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01752250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt082731
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01900000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0130000
IRS990ScheduleA/Total509Grp/TotalAmt03864981
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03872295
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
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01128143
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER RECEIVABLE
IRS990ScheduleD/RevenueSubtotalAmt01772464
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OPEN SYLLABUS APPLIES THE PROVISION OF FASB ASC 740, INCOME TAXES. MANAGEMENT HAS CONSIDERED POSSIBLE AREAS OF UNCERTAIN TAX POSITIONS AND POSSIBLE AREAS OF RISK TO ITS TAX-EXEMPT STATUS. MANAGEMENT HAS CONCLUDED THAT OPEN SYLLABUS HAS NO UNCERTAIN TAX POSITIONS AND THAT ITS TAX EXEMPT STATUS WOULD BE SUSTAINED UPON EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02000
IRS990ScheduleD/TotalExpensesPerForm990Amt01128143
IRS990ScheduleD/TotalRevenuePerForm990Amt01772464
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01772464
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01128143
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0156247
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1155030
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt015625
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt110600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE KARAGANIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID MCCLURE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0171872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1165630
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOE KARAGANIS AND DAVID MCCLURE ARE SHAREHOLDERS IN INFINITE SYLLABUS, PBC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOY HAVE ANY COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT 990 IS EMAILED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS ARE SENT OPEN SYLLABUS' CONFLICT OF INTEREST POLICY AND ARE ASKED TO MAKE TIMELY DISCLOSURE OF ANY ISSUES THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS EVALUATES THE TOTAL COMPENSATION OF THE PRESIDENT AND VICE PRESIDENT. THE BOARD COMPARES LOCAL AND REGIONAL COMPENSATION RATES OF EXECUTIVES MANAGING ORGANIZATIONS OF COMPAREABLE SIZE AND SCOPE OF SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS EVALUATES THE TOTAL COMPENSATION OF KEY EMPLOYEES. THE BOARD COMPARES LOCAL AND REGIONAL COMPENSATION RATES OF EXECUTIVES MANAGING ORGANIZATIONS OF COMPAREABLE SIZE AND SCOPE OF SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0670925
IRS990/TotalAssetsEOYAmt01334462
IRS990/TotalAssetsGrp/BOYAmt0670925
IRS990/TotalAssetsGrp/EOYAmt01334462
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01752250
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0127031
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0211351
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0789761
IRS990/TotalFunctionalExpensesGrp/TotalAmt01128143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016157
IRS990/TotalLiabilitiesEOYAmt035373
IRS990/TotalLiabilitiesGrp/BOYAmt016157
IRS990/TotalLiabilitiesGrp/EOYAmt035373

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