Civic Intelligence

Furality Inc.

EIN 85-2497531 • 501(c)3 • Orlando, FL

Pub. 78 Eligible

Profile

Provide a forum to experience, learn, and share anthropomorphic arts, including performance and visual art, improv and musical performances as well as cartoons, photography, 3d modeling, and 3d digital design

7380 W Sand Lake Rd Ste 500 Pmb1185Orlando, FL 32819

furality.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

36th percentile

-5.3%

Higher net margin than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

12th percentile

-82%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

39%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,371

Down $5,763 (-63%) from 2022

Liabilities

Up

$24,809

Up $23,327 (+1574%) from 2022

Net Assets

Down

-$21,438

Down $29,090 (-380%) from 2022

Revenue

Up

$738,871

Up $306,880 (+71%) from 2022

Expenses

Up

$767,961

Up $313,002 (+69%) from 2022

Net Income

Down

-$29,090

Down $6,122 (-27%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20K-$40KAssets 2020: $22,816Liabilities 2020: $3,8832020Assets 2021: $49,492Liabilities 2021: $18,872Net Assets 2021: $30,6202021Assets 2022: $9,134Liabilities 2022: $1,482Net Assets 2022: $7,6522022Assets 2023: $3,371Liabilities 2023: $24,809Net Assets 2023: -$21,4382023

Highlighted filing

2023

Assets$3,371
Liabilities$24,809
Net Assets-$21,438

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2020: $59,495Expenses 2020: $40,562Net Income 2020: $18,9332020Revenue 2021: $311,112Expenses 2021: $296,463Net Income 2021: $14,6492021Revenue 2022: $431,991Expenses 2022: $454,959Net Income 2022: -$22,9682022Revenue 2023: $738,871Expenses 2023: $767,961Net Income 2023: -$29,0902023

Highlighted filing

2023

Revenue$738,871
Expenses$767,961
Net Income-$29,090

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 6, 2024
Return Version
2023v5.0
Gross Receipts
$738,871
Mission and Program Overview

Mission

Provide a forum to experience, learn, and share anthropomorphic arts, including performance and visual art, improv and musical performances as well as cartoons, photography, 3d modeling, and 3d digital design

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,064$3,366▼ $5,698
Accounts Receivable$65--
Savings and Temporary Cash Investments$5$5→ $0
Total Assets$9,134$3,371▼ $5,763
Liabilities
Accounts Payable and Accrued Expenses$1,482$24,809▲ $23,327
Total Liabilities$1,482$24,809▲ $23,327
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,652$-21,438▼ $29,090
Total Net Assets Fund Balance$7,652$-21,438▼ $29,090
Total Liabilities and Net Assets / Fund Balance$9,134$3,371▼ $5,763
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kyle LockwoodChairmanFT$64,800$64,800

Board Members and Trustees

NameTitle
Michael MelbyVice-chair/s
Michael KlosTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vrchat INCVirtul Platform548 MARKET STREET, San Francisco, CA 94104$219,322
Revenue and Support

Revenue Composition

Contributions and Grants
$74,158
Program Service Revenue
$664,601
Investment Income
$112
Other Revenue
$0
All Other Contributions
$74,158
Change in Net Assets
$-29,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$678,350
Salaries, Compensation, and Employee Benefits$64,800
Grants and Similar Amounts Paid$24,811
Total Fundraising Expense$12,079
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$328,738$150$7,095$335,983
Fees for Services Other$155,341--$155,341
Current Officers, Directors, Trustees, and Key Employees$64,800--$64,800
Interest$28,653-$2,396$31,049
Office Expenses$24,991$2,842$2,347$30,180
Grants to Domestic Orgs$24,811--$24,811
Conferences and Meetings$22,306$482-$22,788
Travel$10,630--$10,630
Advertising$4,818--$4,818
Insurance$2,715--$2,715
Fees for Services Accounting-$875-$875
Fees for Services Legal$205$315-$520
Other Expenses$83,210-$241$241
Total Functional Expenses$751,218$4,664$12,079$767,961
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Equality Florida Institute IncSt Petersburg, FL501c3Charitable Donation$17,811
Hawaii Community Foundation Maui StHonolulu, HI501c3Charitable Donation$7,000
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
Backup withholding compliance
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
No
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 990 is reviewed by selected members of the board of directors and then distributed to all board members prior to filing.

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

The conflict of interest policy requires a) each director and principal officer shall annually sign a statement which affirms such person: i) has received a copy of the conflicts of interest policy, ii) has read and understands the policy, iii) has agreed to comply with the policy, and iv) understands the corporation is a nonprofit 501(c)(3) organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. B) the statement shall be in substantially the same form as that attached to this policy.

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

Officers who received compensation from the organization followed the furality conflict of interest policy procedures to determine compensation based on market comparison, consideration of more advantageous alternatives, disinterested advisors to the board, and the best interests of the organization reviewed and approved by independent members of the board in the absence of any conflicted members of the board. Kyle serves on the board as a volunteer without compensation for any board duties. Kyle does receive compensation for the contracted position of creative director of the furality creative team at a well below-average market rate for similar roles at other organizations. Independent members of the board determined kyle's compensation with advice from disinterested persons not on the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available online at furality.org/org and upon written request to the agency

Filing and Contact Details

Filer

Filer Name
Furality Inc
EIN
85-2497531
Phone
3213003966
Address
7380 W SAND LAKE RD STE 500 PMB1185, ORLANDO, FL 32819

Signing Officer

Name
Kyle Lockwood
Title
Chairman
Phone
6044847879
Signed
2024-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Lockwood
Formed
2020
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
258

Preparer

Firm
Marjtax Incorporated
Address
3542 FRUITVALE- AVE PMB 227, OAKLAND, CA 94602
Preparer
Marjorie Williams-jones
Phone
5104826204
Supplemental Narrative

Additional Explanations

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

Furality luma festival - a 30-hour virtual music festival on february 17th 2023 furality umbra - the main convention for fy 2024. Furality cyber connection - an online web show showcasing community contributions and promoting furality programs

Form 990, Part IX, Line 11G

Artwork/design services 2d 23,910 0 0 artwork/design services 3d 93,011 0 0 art animation 2,582 0 0 video production 26,002 0 0 audio production 1,367 0 0 project management 8,469 0 0 total 155,341 0 0

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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/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE DONATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1CHARITABLE DONATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EQUALITY FLORIDA INSTITUTE INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1HAWAII COMMUNITY FOUNDATION MAUI ST
IRS990ScheduleI/RecipientTable/RecipientEIN0593435235
IRS990ScheduleI/RecipientTable/RecipientEIN1990261283
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 13184
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1827 FORT STREET MALL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ST PETERSBURG
IRS990ScheduleI/RecipientTable/USAddress/CityNm1HONOLULU
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1HI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033733
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd196813
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DEPENDING ON THE SIZE OF DONATIONS MADE TO ORGANIZATIONS, THE FURALITY, INC. BOARD OF DIRECTORS MAY REQUEST PERIODIC AND/OR FINAL REPORTS OF THE ORGANIZATION'S USE OF THE DONATED FUNDS, AND/OR CONDUCT A SITE VISIT TO DETERMINE THAT THE FUNDS ARE BEING PROPERLY USED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FURALITY LUMA FESTIVAL - A 30-HOUR VIRTUAL MUSIC FESTIVAL ON FEBRUARY 17TH 2023 FURALITY UMBRA - THE MAIN CONVENTION FOR FY 2024. FURALITY CYBER CONNECTION - AN ONLINE WEB SHOW SHOWCASING COMMUNITY CONTRIBUTIONS AND PROMOTING FURALITY PROGRAMS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY SELECTED MEMBERS OF THE BOARD OF DIRECTORS AND THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY REQUIRES A) EACH DIRECTOR AND PRINCIPAL OFFICER SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: I) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, II) HAS READ AND UNDERSTANDS THE POLICY, III) HAS AGREED TO COMPLY WITH THE POLICY, AND IV) UNDERSTANDS THE CORPORATION IS A NONPROFIT 501(C)(3) ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. B) THE STATEMENT SHALL BE IN SUBSTANTIALLY THE SAME FORM AS THAT ATTACHED TO THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS WHO RECEIVED COMPENSATION FROM THE ORGANIZATION FOLLOWED THE FURALITY CONFLICT OF INTEREST POLICY PROCEDURES TO DETERMINE COMPENSATION BASED ON MARKET COMPARISON, CONSIDERATION OF MORE ADVANTAGEOUS ALTERNATIVES, DISINTERESTED ADVISORS TO THE BOARD, AND THE BEST INTERESTS OF THE ORGANIZATION REVIEWED AND APPROVED BY INDEPENDENT MEMBERS OF THE BOARD IN THE ABSENCE OF ANY CONFLICTED MEMBERS OF THE BOARD. KYLE SERVES ON THE BOARD AS A VOLUNTEER WITHOUT COMPENSATION FOR ANY BOARD DUTIES. KYLE DOES RECEIVE COMPENSATION FOR THE CONTRACTED POSITION OF CREATIVE DIRECTOR OF THE FURALITY CREATIVE TEAM AT A WELL BELOW-AVERAGE MARKET RATE FOR SIMILAR ROLES AT OTHER ORGANIZATIONS. INDEPENDENT MEMBERS OF THE BOARD DETERMINED KYLE'S COMPENSATION WITH ADVICE FROM DISINTERESTED PERSONS NOT ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE ONLINE AT FURALITY.ORG/ORG AND UPON WRITTEN REQUEST TO THE AGENCY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ARTWORK/DESIGN SERVICES 2D 23,910 0 0 ARTWORK/DESIGN SERVICES 3D 93,011 0 0 ART ANIMATION 2,582 0 0 VIDEO PRODUCTION 26,002 0 0 AUDIO PRODUCTION 1,367 0 0 PROJECT MANAGEMENT 8,469 0 0 TOTAL 155,341 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09134
IRS990/TotalAssetsEOYAmt03371
IRS990/TotalAssetsGrp/BOYAmt09134
IRS990/TotalAssetsGrp/EOYAmt03371
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt074158
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012079
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04664
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0751218
IRS990/TotalFunctionalExpensesGrp/TotalAmt0767961
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01482
IRS990/TotalLiabilitiesEOYAmt024809
IRS990/TotalLiabilitiesGrp/BOYAmt01482
IRS990/TotalLiabilitiesGrp/EOYAmt024809
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07652
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-21438
IRS990/TotalOtherProgSrvcExpenseAmt0220462
IRS990/TotalOtherProgSrvcRevenueAmt0164450
IRS990/TotalProgramServiceExpensesAmt0751218
IRS990/TotalProgramServiceRevenueAmt0664601
IRS990/TotalReportableCompFromOrgAmt064800
IRS990/TotalRevenueGrp/ExclusionAmt0112
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0664601
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0738871
IRS990/TotalVolunteersCnt0258
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09134
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03371
IRS990/TravelGrp/ProgramServicesAmt010630
IRS990/TravelGrp/TotalAmt010630
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07380 W SAND LAKE ROAD
IRS990/USAddress/AddressLine2Txt0SUITE 500 PMB 1185
IRS990/USAddress/CityNm0ORLANDO
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032819
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTPS://FURALITY.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KYLE LOCKWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum06044847879
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FURALITY INC
ReturnHeader/Filer/BusinessNameControlTxt0FURA
ReturnHeader/Filer/EIN0852497531
ReturnHeader/Filer/PhoneNum03213003966
ReturnHeader/Filer/USAddress/AddressLine1Txt07380 W SAND LAKE RD STE 500 PMB1185
ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032819
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454570537
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARJTAX INCORPORATED
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03542 FRUITVALE- AVE PMB 227
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094602
ReturnHeader/PreparerPersonGrp/PhoneNum05104826204
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARJORIE WILLIAMS-JONES
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-06T19:21:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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