Civic Intelligence

Vmts Education Inc.

990 • Fiscal year 2021 • EIN 84-4459778

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

137 Montague Street 132Brooklyn, NY 11201

(914) 977-4240

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Net Margin

72nd percentile

38%

Higher net margin than 72% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$300,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2021 filings • NTEE A • $1M-$5M nonprofits • Source year 2021

Asset Growth

92nd percentile

107%

Faster asset growth than 92% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

39%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,719,097

Up $887,371 (+107%) from 2020

Net Assets

Up

$1,716,693

Up $884,967 (+106%) from 2020

Liabilities

Up

$2,404

Up $2,404 from 2020

Revenue

Up

$2,300,597

Up $648,166 (+39%) from 2020

Expenses

Up

$1,415,630

Up $594,925 (+72%) from 2020

Net Income

Up

$884,967

Up $53,241 (+6.4%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2020: $831,726Liabilities 2020: $0Net Assets 2020: $831,7262020Assets 2021: $1,719,097Liabilities 2021: $2,404Net Assets 2021: $1,716,6932021Assets 2022: $1,693,461Liabilities 2022: $24,604Net Assets 2022: $1,668,8572022Assets 2023: $2,343,372Liabilities 2023: $17,096Net Assets 2023: $2,326,2762023Assets 2024: $2,713,382Liabilities 2024: $32,689Net Assets 2024: $2,680,6932024

Highlighted filing

2021

Assets$1,719,097
Liabilities$2,404
Net Assets$1,716,693

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,652,431Expenses 2020: $820,705Net Income 2020: $831,7262020Revenue 2021: $2,300,597Expenses 2021: $1,415,630Net Income 2021: $884,9672021Revenue 2022: $2,037,836Expenses 2022: $2,085,672Net Income 2022: -$47,8362022Revenue 2023: $3,287,014Expenses 2023: $2,629,595Net Income 2023: $657,4192023Revenue 2024: $3,758,398Expenses 2024: $3,403,981Net Income 2024: $354,4172024

Highlighted filing

2021

Revenue$2,300,597
Expenses$1,415,630
Net Income$884,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$2,300,597
Mission and Program Overview

Mission

The corporation, through its kite & key media company, will achieve its purpose by exposing new audiences to academic and journalistic research via digital media. The corporation will produce internet video content that highlights the findings of academic researchers, think tank fellows, journalists, and other independent scholars. It will distill that work into short-form content aimed at audiences unlikely to have either the time or expertise to engage directly with that research in its original form.

The corporation, through its kite & key media company, exposes new audiences to academic and journalistic research via digital media.the corporation produces internet video content that highlights the findings of academic researchers, think tank fellows, journalists, and other independent scholars. It distills that work into short-form content aimed at audiences unlikely to have either the time or expertise to engage directly with that research in its original form.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$831,726$1,541,277▲ $709,551
Pledges and Grants Receivable$0$175,100▲ $175,100
Land, Buildings, and Equipment, Net$0$2,720▲ $2,720
Total Assets$831,726$1,719,097▲ $887,371
Liabilities
Accounts Payable and Accrued Expenses$0$2,404▲ $2,404
Total Liabilities$0$2,404▲ $2,404
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$831,726$1,716,693▲ $884,967
Total Net Assets Fund Balance$831,726$1,716,693▲ $884,967
Total Liabilities and Net Assets / Fund Balance$831,726$1,719,097▲ $887,371

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,720$544$3,264
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vanessa MendozaPresidentFT$300,000$300,000
Troy SenikVice PresidentFT$250,000$250,000
Tara Marie LynchChief Marketing OfficerFT$152,500$152,500

Board Members and Trustees

NameTitle
Brian AndersonDirector
David DesrosiersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,300,029
Program Service Revenue
$0
Investment Income
$568
Other Revenue
$0
All Other Contributions
$2,300,029
Change in Net Assets
$884,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,300,597
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,300,597
Total Revenue per Form 990
$2,300,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$758,573
Other Expenses$657,057
Total Fundraising Expense$93,276
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$350,000$127,970$72,030$550,000
Advertising$319,375--$319,375
Other Salaries and Wages$154,177$21,373-$175,550
Fees for Services Other$65,588--$65,588
Payroll Taxes$22,948$6,797$3,278$33,023
Fees for Services Accounting-$31,563-$31,563
Travel--$17,269$17,269
Occupancy$13,640$3,410-$17,050
Office Expenses-$9,780-$9,780
Insurance$4,513$1,337$645$6,495
Fees for Services Legal-$6,101-$6,101
Other Expenses$2,949--$2,949
Depreciation Depletion$378$112$54$544
Total Functional Expenses$1,113,911$208,443$93,276$1,415,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,415,630
Total Expenses per Audited Statements$1,415,630
Total Expenses per Form 990$1,415,630
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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
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

The organization does not have any committee with authority to act on behalf of the governing body.

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

The form is reviewed by the president and a copy of the 990 is distributed to all board members.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.

FORM 990, PART VI, SCHEDULE B, LINE 14:

The organization has a document retention and destruction policy in place, but it is not in a written format.

Filing and Contact Details

Filer

Filer Name
Vmts Education Inc
EIN
84-4459778
Phone
9149774240
Address
137 MONTAGUE STREET 132, BROOKLYN, NY 11201

Signing Officer

Name
Vanessa Mendoza
Title
President
Phone
9149774240
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Mendoza
Formed
2021
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
2
Employees
4
Volunteers
0

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 3200, NEW YORK, NY 10119-0002
Preparer
Michael Friedman CPA
Phone
2126955003
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 65,588. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,588.

Form 990, Part IX, Line 2C

The board of trustees assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The organization files an annual form 990, return of organization exempt from income tax, with the internal revenue service ('irs'). At december 31, 2021, the organization's 990 for the year 2021 and 2020 is eligible for examination by the irs.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FILES AN ANNUAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WITH THE INTERNAL REVENUE SERVICE ('IRS'). AT DECEMBER 31, 2021, THE ORGANIZATION'S 990 FOR THE YEAR 2021 AND 2020 IS ELIGIBLE FOR EXAMINATION BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02720
IRS990ScheduleD/TotalExpensesPerForm990Amt01415630
IRS990ScheduleD/TotalRevenuePerForm990Amt02300597
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02300597
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01415630
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2152500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VANESSA MENDOZA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1TROY SENIK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TARA MARIE LYNCH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF MARKETING OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1250000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2152500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM IS REVIEWED BY THE PRESIDENT AND A COPY OF THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANTS: PROGRAM SERVICE EXPENSES 65,588. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,588.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A DOCUMENT RETENTION AND DESTRUCTION POLICY IN PLACE, BUT IT IS NOT IN A WRITTEN FORMAT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SCHEDULE B, LINE 14:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0831726
IRS990/TotalAssetsEOYAmt01719097
IRS990/TotalAssetsGrp/BOYAmt0831726
IRS990/TotalAssetsGrp/EOYAmt01719097
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02300029
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt093276
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0208443
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01113911
IRS990/TotalFunctionalExpensesGrp/TotalAmt01415630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt02404
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02404
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0831726
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01716693
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01113911
IRS990/TotalReportableCompFromOrgAmt0702500
IRS990/TotalRevenueGrp/ExclusionAmt0568
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02300597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0831726
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01719097
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt017269
IRS990/TravelGrp/TotalAmt017269
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0137 MONTAGUE STREET 132
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.KITEANDKEYMEDIA.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VANESSA MENDOZA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09149774240
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14

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