Civic Intelligence

Bobbies Place Inc.

990 • Fiscal year 2021 • EIN 85-3777068

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 12, 2022

Organization ProfileN/A
1243 East 14th StreetBrookyn, NY 11230

(646) 568-6606

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

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

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

22nd percentile

0.00x

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

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Net Margin

48th percentile

11%

Higher net margin than 48% of similar nonprofits.

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2021 filings • NTEE P20 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets23rd percentile

Assets

$820,832

No earlier filing loaded for comparison.

Net Assets

$820,832

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin48th percentile

Revenue

$1,119,535

No earlier filing loaded for comparison.

Expenses

$995,703

No earlier filing loaded for comparison.

Net Income

$123,832

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2021: $820,832Liabilities 2021: $0Net Assets 2021: $820,8322021Assets 2022: $779,762Liabilities 2022: $0Net Assets 2022: $779,7622022Assets 2023: $881,192Liabilities 2023: $0Net Assets 2023: $881,1922023Assets 2024: $882,792Liabilities 2024: $0Net Assets 2024: $882,7922024

Highlighted filing

2021

Assets$820,832
Liabilities$0
Net Assets$820,832
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,119,535Expenses 2021: $995,703Net Income 2021: $123,8322021Revenue 2022: $1,051,864Expenses 2022: $1,092,934Net Income 2022: -$41,0702022Revenue 2023: $1,526,750Expenses 2023: $1,425,321Net Income 2023: $101,4292023Revenue 2024: $1,492,673Expenses 2024: $1,491,073Net Income 2024: $1,6002024

Highlighted filing

2021

Revenue$1,119,535
Expenses$995,703
Net Income$123,832
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 12, 2022
Return Version
2021v4.2
Gross Receipts
$1,119,535
Mission and Program Overview

Mission

To provide clothing and other assistance to needy individuals as well as to other Jewish charitable, religious, and educational organizations.

To provide clothing at no charge to children and teens from impoverished families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$500,000$500,000→ $0
Cash and Non-Interest-Bearing Accounts$0$169,832▲ $169,832
Inventories for Sale or Use$197,000$151,000▼ $46,000
Total Assets$697,000$820,832▲ $123,832
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$697,000$820,832▲ $123,832
Total Net Assets Fund Balance$697,000$820,832▲ $123,832
Total Liabilities and Net Assets / Fund Balance$697,000$820,832▲ $123,832

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$500,000-$500,000
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Avi SchickTrustee
Bryna MalitzkyTrustee
Michelle SchickTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,119,535
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,119,535
Change in Net Assets
$123,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,119,535
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,119,535
Total Revenue per Form 990
$1,119,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$922,330
Other Expenses$69,073
Total Fundraising Expense$28,548
Professional Fundraising Fees$4,300
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$922,330--$922,330
Office Expenses$39,284-$2,348$41,632
Information Technology--$21,900$21,900
Fees for Services Professional Fundraising--$4,300$4,300
Insurance-$3,374-$3,374
Fees for Services Accounting-$1,130-$1,130
Fees for Services Other-$537-$537
Other Expenses$500--$500
Total Functional Expenses$962,114$5,041$28,548$995,703

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$995,703
Total Expenses per Audited Statements$995,703
Total Expenses per Form 990$995,703
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$4,300
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

Governance Explanations

Form 990, Part VI, Section A, line 2

“Avi Schick is related to Michelle Schick.”

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

“Prior to approving the form 990 for filing the return and all required attachments and schedules are reviewed by the organization's administration for accuracy and completeness. Upon approval the return is finalized and filed.”

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

“The organization requires that its officers, directors, and key employees sign a statement, on an annual basis, acknowledging their receipt and understanding of the conflict of interest policy and to disclose any such conflicts that may exist. All such conflicts are reviewed by the organizations's administration to determine the level of severity of any such conflict.”

Form 990, Part VI, Section B, line 15

“The organization has not compensated any officers at this time. Should the organization elect to compensate officers or others for their services, the compensation committee will incorporate various factors, including comparative compensation statistics in assessing the employee's performance and the level of compensation. The organization's compensation committee will meet on an annual basis to review the performance of the chief executive officer and other key employees and approve the compensation to be paid for the ensuing period.”

Form 990, Part VI, Section C, line 19

“The governing documents, confilct of interest policy,and financial statements are available to the public at the organization's office during business hours.”

Filing and Contact Details

Filer

Filer Name
Bobbies Place Inc
EIN
85-3777068
Phone
6465686606
Address
1243 EAST 14TH STREET, BROOKYN, NY 11230

Signing Officer

Name
Avi Schick
Title
President
Phone
6465686606
Signed
2022-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Avi Schick
Formed
2020
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Hirsch Oelbaum Bram Hanover Cpas
Address
42 WEST 39 ST SUITE 400, NEW YORK, NY 10018
Preparer
Eli Oelbaum
Phone
2122278034
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO APPROVING THE FORM 990 FOR FILING THE RETURN AND ALL REQUIRED ATTACHMENTS AND SCHEDULES ARE REVIEWED BY THE ORGANIZATION'S ADMINISTRATION FOR ACCURACY AND COMPLETENESS. UPON APPROVAL THE RETURN IS FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REQUIRES THAT ITS OFFICERS, DIRECTORS, AND KEY EMPLOYEES SIGN A STATEMENT, ON AN ANNUAL BASIS, ACKNOWLEDGING THEIR RECEIPT AND UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY SUCH CONFLICTS THAT MAY EXIST. ALL SUCH CONFLICTS ARE REVIEWED BY THE ORGANIZATIONS'S ADMINISTRATION TO DETERMINE THE LEVEL OF SEVERITY OF ANY SUCH CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT COMPENSATED ANY OFFICERS AT THIS TIME. SHOULD THE ORGANIZATION ELECT TO COMPENSATE OFFICERS OR OTHERS FOR THEIR SERVICES, THE COMPENSATION COMMITTEE WILL INCORPORATE VARIOUS FACTORS, INCLUDING COMPARATIVE COMPENSATION STATISTICS IN ASSESSING THE EMPLOYEE'S PERFORMANCE AND THE LEVEL OF COMPENSATION. THE ORGANIZATION'S COMPENSATION COMMITTEE WILL MEET ON AN ANNUAL BASIS TO REVIEW THE PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER AND OTHER KEY EMPLOYEES AND APPROVE THE COMPENSATION TO BE PAID FOR THE ENSUING PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS, CONFILCT OF INTEREST POLICY,AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE DURING BUSINESS HOURS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
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ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$820,832
Liabilities
$0
Net assets
$820,832
Revenue
$1,119,535
Expenses
$995,703
Net income
$123,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$1.49$1.49$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$1.53$1.43$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.78$0.00$0.78$1.05$1.09$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.12$1.00$0.12