Civic Intelligence

Perise Practical Inc

990 • Fiscal year 2023 • EIN 84-4058992

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileN/A
393 Canal Street 162New York, NY 10013

(727) 342-3460

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Asset Growth

42nd percentile

-3.6%

Faster asset growth than 42% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Flat

$98,007

Flat from 2023

Net Assets

Flat

$98,007

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$3,667

Flat from 2023

Net Income

Flat

-$3,667

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$150K$100K$50K$0Assets 2020: $146,124Liabilities 2020: $0Net Assets 2020: $146,1242020Assets 2021: $124,244Liabilities 2021: $0Net Assets 2021: $124,2442021Assets 2022: $101,674Liabilities 2022: $0Net Assets 2022: $101,6742022Assets 2023: $98,007Liabilities 2023: $0Net Assets 2023: $98,0072023Assets 2023: $98,007Liabilities 2023: $0Net Assets 2023: $98,0072023Assets 2024: $91,885Liabilities 2024: $0Net Assets 2024: $91,8852024

Highlighted filing

2023

Assets$98,007
Liabilities$0
Net Assets$98,007
Open 2023 Filing

Operations Trend

Revenue Growth4th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,190,000Expenses 2020: $1,293,876Net Income 2020: -$103,8762020Revenue 2021: $0Expenses 2021: $21,880Net Income 2021: -$21,8802021Revenue 2022: $100,000Expenses 2022: $122,570Net Income 2022: -$22,5702022Revenue 2023: $0Expenses 2023: $3,667Net Income 2023: -$3,6672023Revenue 2023: $0Expenses 2023: $3,667Net Income 2023: -$3,6672023Revenue 2024: $0Expenses 2024: $6,122Net Income 2024: -$6,1222024

Highlighted filing

2023

Revenue$0
Expenses$3,667
Net Income-$3,667
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Perise practical inc. Is a nonprofit organization operating as an entity exempt from federal income taxes under section 501(c)(4) of the internal revenue code. Perise practical inc. Will be operated in a manner that will enable it to qualify (and to continue to qualify) as a social welfare organization described in section 501(c)(4) of the internal revenue code. Perise practical inc's mission is advocating for fairness and equality.

The promotion of social welfare advocating for fairness and equality.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$101,674$98,007▼ $3,667
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$101,674$98,007▼ $3,667
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,674$98,007▼ $3,667
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$101,674$98,007▼ $3,667
Total Liabilities and Net Assets / Fund Balance$101,674$98,007▼ $3,667
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
David KronePresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$1,761-$1,761
Fees for Services Accounting-$1,300-$1,300
Office Expenses-$606-$606
Total Functional Expenses$0$3,667$0$3,667
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 8B:

“Line 8 explanation - on an annual basis, the organization documents meetings and significant transactions in the board of director minutes.”

FORM 990, PART VI, SECTION C, LINE 19:

“Line 19 explanation: no documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Perise Practical Inc
EIN
84-4058992
In Care Of
% PERISE PRACTICAL INC
Phone
7273423460
Address
393 CANAL STREET 162, NEW YORK, NY 10013

Signing Officer

Name
David Krone
Title
President
Phone
7273423460
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Krone
Formed
2019
Legal Domicile
De
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Withumsmithbrown Pc
Address
1411 BROADWAY 9TH FLOOR, NEW YORK, NY 10018
Preparer
Robert Demmett CPA
Phone
2127519100
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KRONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07273423460
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PERISE PRACTICAL INC
ReturnHeader/Filer/BusinessNameControlTxt0PERI
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ReturnHeader/Filer/InCareOfNm0% PERISE PRACTICAL INC
ReturnHeader/Filer/PhoneNum07273423460
ReturnHeader/Filer/USAddress/AddressLine1Txt0393 CANAL STREET 162
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WITHUMSMITHBROWN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01411 BROADWAY 9TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010018
ReturnHeader/PreparerPersonGrp/PhoneNum02127519100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT DEMMETT CPA
ReturnHeader/ReturnTs02024-05-03T12:38:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$98,007
Liabilities
$0
Net assets
$98,007
Revenue
$0
Expenses
$3,667
Net income
-$3,667
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$0.10$0.00$0.10$0.00$0.00$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.10$0.12$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.00$0.12$0.00$0.02$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.00$0.15$1.19$1.29$0.10