Civic Intelligence

Exponential Destiny

990 • Fiscal year 2022 • EIN 87-3381192

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

PO Box 13008Jackson, WY 83002

(310) 855-4480

Siviq Scores

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

Liabilities / Assets

89th percentile

0.47x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

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

Net Margin

52nd percentile

5.8%

Higher net margin than 52% of similar nonprofits.

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

Top Officer Pay

95th percentile

$63,375

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$52,045

No earlier filing loaded for comparison.

Net Assets

$27,563

No earlier filing loaded for comparison.

Liabilities

$24,482

No earlier filing loaded for comparison.

Revenue

$473,934

No earlier filing loaded for comparison.

Expenses

$446,371

No earlier filing loaded for comparison.

Net Income

$27,563

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2022: $52,045Liabilities 2022: $24,482Net Assets 2022: $27,5632022Assets 2023: $152,187Liabilities 2023: $463Net Assets 2023: $151,7242023Assets 2024: $52,063Liabilities 2024: $777Net Assets 2024: $51,2862024

Highlighted filing

2022

Assets$52,045
Liabilities$24,482
Net Assets$27,563

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2022: $473,934Expenses 2022: $446,371Net Income 2022: $27,5632022Revenue 2023: $316,013Expenses 2023: $191,852Net Income 2023: $124,1612023Revenue 2024: $125,828Expenses 2024: $226,266Net Income 2024: -$100,4382024

Highlighted filing

2022

Revenue$473,934
Expenses$446,371
Net Income$27,563
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$473,934
Mission and Program Overview

Mission

Exponential destiny is an educational non-profit organization primarily founded and led by youth entrepreneurs from low-income and marginalized communities exploring the untapped potential and power of emerging digital innovations and tools (i.e., virtual reality, chatgpt) to deliver transformative educational impact, societal value, and positive change, especially in underserved communities. Our mission, which we pursue through research-based field projects, case- study pilots, and peer-to-peer mentorship, is focused on three domains: 1. Reimagining education. 2. Building awareness & empathy for social causes 3. Upskilling youth in low income communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$52,045-
Total Assets$0$52,045▲ $52,045
Liabilities
Accounts Payable and Accrued Expenses-$24,161-
Other Liabilities-$321-
Total Liabilities$0$24,482▲ $24,482
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$27,563-
Total Net Assets Fund Balance$0$27,563▲ $27,563
Total Liabilities and Net Assets / Fund Balance$0$52,045▲ $52,045
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marco VargasDirectorPT$63,375$63,375
Marcus ShinglesDirector, CePT$34,740$34,740
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$471,471
Investment Income
$0
Other Revenue
$2,463
Change in Net Assets
$27,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,677
Salaries, Compensation, and Employee Benefits$172,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$64,721$33,214-$97,935
Travel$71,092--$71,092
Other Salaries and Wages$68,560--$68,560
Fees for Services Other$25,022--$25,022
Office Expenses$10,892--$10,892
Conferences and Meetings$9,152--$9,152
Payroll Taxes$6,199--$6,199
Advertising$3,656--$3,656
Other Expenses$2,657--$2,657
Fees for Services Accounting$1,983--$1,983
Fees for Services Legal$600--$600
Total Functional Expenses$413,157$33,214$0$446,371
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tax Liabilities$321
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, Page 6, Part VI, Line 11B

A draft copy of the form 990 is reviewed by the ceo and directors prior to the tax return being filed. A copy of the final form 990 is provided to the board.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Exponential Destiny
EIN
87-3381192
Phone
3108554480
Address
PO BOX 13008, JACKSON, WY 83002

Signing Officer

Name
Marcus Shingles
Title
Director, CEO
Phone
3108554480
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Shingles
Formed
2021
Legal Domicile
Wy
Voting Board Members
2
Independent Board Members
2
Employees
2

Preparer

Firm
Thompson Palmer & Associates Pc
Address
PO BOX 5, JACKSON, WY 83001
Preparer
Richard Aaron Palmer
Phone
3077335160
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Exponential destiny is an educational non-profit organization primarily founded and led by youth entrepreneurs from low-income and marginalized communities exploring the untapped potential and power of emerging digital innovations and tools (i.e., virtual reality, chatgpt) to deliver transformative educational impact, societal value, and positive change, especially in underserved communities. Our mission, which we pursue through research-based field projects, case- study pilots, and peer-to-peer mentorship, is focused on three domains: 1. Reimagining education. 2. Building awareness & empathy for social causes 3. Upskilling youth in low income communities

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

We mentor and train individuals in low-income and marginalized communities on the metaverse and xr technologies with the goal to upskill them as early-adopters, leveraging their new competency to create sources of personal income as metaverse entrepreneurs. In addition, our goal is to place these individuals into compensated positions on our own projects we perform for schools and social-impact organizations. The individuals we mentor and upskill are from the actual communities that that we work with, and this creates a highly effective peer-to-peer element to our projects; i.e., a student we upskilled who recently graduated from a low-income school is now working with us as a project lead at that same school to help them use xr to transform education and learnin.

Form 990, Page 5, Part V, Line 3B

The organization did not have any unrelated business taxable income in 2022.

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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/ExplanationTxt0EXPONENTIAL DESTINY IS AN EDUCATIONAL NON-PROFIT ORGANIZATION PRIMARILY FOUNDED AND LED BY YOUTH ENTREPRENEURS FROM LOW-INCOME AND MARGINALIZED COMMUNITIES EXPLORING THE UNTAPPED POTENTIAL AND POWER OF EMERGING DIGITAL INNOVATIONS AND TOOLS (I.E., VIRTUAL REALITY, CHATGPT) TO DELIVER TRANSFORMATIVE EDUCATIONAL IMPACT, SOCIETAL VALUE, AND POSITIVE CHANGE, ESPECIALLY IN UNDERSERVED COMMUNITIES. OUR MISSION, WHICH WE PURSUE THROUGH RESEARCH-BASED FIELD PROJECTS, CASE- STUDY PILOTS, AND PEER-TO-PEER MENTORSHIP, IS FOCUSED ON THREE DOMAINS: 1. REIMAGINING EDUCATION. 2. BUILDING AWARENESS & EMPATHY FOR SOCIAL CAUSES 3. UPSKILLING YOUTH IN LOW INCOME COMMUNITIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE MENTOR AND TRAIN INDIVIDUALS IN LOW-INCOME AND MARGINALIZED COMMUNITIES ON THE METAVERSE AND XR TECHNOLOGIES WITH THE GOAL TO UPSKILL THEM AS EARLY-ADOPTERS, LEVERAGING THEIR NEW COMPETENCY TO CREATE SOURCES OF PERSONAL INCOME AS METAVERSE ENTREPRENEURS. IN ADDITION, OUR GOAL IS TO PLACE THESE INDIVIDUALS INTO COMPENSATED POSITIONS ON OUR OWN PROJECTS WE PERFORM FOR SCHOOLS AND SOCIAL-IMPACT ORGANIZATIONS. THE INDIVIDUALS WE MENTOR AND UPSKILL ARE FROM THE ACTUAL COMMUNITIES THAT THAT WE WORK WITH, AND THIS CREATES A HIGHLY EFFECTIVE PEER-TO-PEER ELEMENT TO OUR PROJECTS; I.E., A STUDENT WE UPSKILLED WHO RECENTLY GRADUATED FROM A LOW-INCOME SCHOOL IS NOW WORKING WITH US AS A PROJECT LEAD AT THAT SAME SCHOOL TO HELP THEM USE XR TO TRANSFORM EDUCATION AND LEARNIN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS TAXABLE INCOME IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE CEO AND DIRECTORS PRIOR TO THE TAX RETURN BEING FILED. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0830246322
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THOMPSON PALMER & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083001
ReturnHeader/PreparerPersonGrp/PhoneNum03077335160
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD AARON PALMER
ReturnHeader/ReturnTs02023-11-15T22:02:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARCUS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SHINGLES
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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