Civic Intelligence

Exponential Destiny

990 • Fiscal year 2023 • EIN 87-3381192

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

86th percentile

39%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

192%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

17th percentile

-33%

Faster revenue growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$152,187

Up $100,142 (+192%) from 2022

Net Assets

Up

$151,724

Up $124,161 (+450%) from 2022

Liabilities

Down

$463

Down $24,019 (-98%) from 2022

Revenue

Down

$316,013

Down $157,921 (-33%) from 2022

Expenses

Down

$191,852

Down $254,519 (-57%) from 2022

Net Income

Up

$124,161

Up $96,598 (+350%) from 2022

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

2023

Assets$152,187
Liabilities$463
Net Assets$151,724

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

2023

Revenue$316,013
Expenses$191,852
Net Income$124,161
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$316,013
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$147,187▲ $95,142
Total Assets$52,045$152,187▲ $100,142
Other Assets Total-$5,000-
Liabilities
Other Liabilities$321$321→ $0
Accounts Payable and Accrued Expenses$24,161$142▼ $24,019
Total Liabilities$24,482$463▼ $24,019
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,563$151,724▲ $124,161
Total Net Assets Fund Balance$27,563$151,724▲ $124,161
Total Liabilities and Net Assets / Fund Balance$52,045$152,187▲ $100,142
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marcela BaileyDirector
Marco VargasDirector
Rewa UdojiDirector
Sharon DarlingDirector
Marcus ShinglesDirector, Ce
Adam StevensonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,101
Program Service Revenue
$176,752
Investment Income
$0
Other Revenue
$1,160
All Other Contributions
$138,101
Change in Net Assets
$124,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$191,852
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
Travel$51,403--$51,403
Fees for Services Other$9,093--$9,093
Office Expenses$8,212--$8,212
Advertising$2,412--$2,412
Interest$1,379--$1,379
Other Expenses$1,261--$1,261
Conferences and Meetings$682--$682
All Other Expenses$320--$320
Total Functional Expenses$191,852$0$0$191,852
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 president 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
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Shingles
Formed
2021
Legal Domicile
Wy
Voting Board Members
6
Independent Board Members
4
Employees
0

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.

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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/ExplanationTxt2A DRAFT COPY OF THE FORM 990 IS REVIEWED BY THE PRESIDENT PRIOR TO THE TAX RETURN BEING FILED. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE BOARD.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt052045
IRS990/TotalAssetsEOYAmt0152187
IRS990/TotalAssetsGrp/BOYAmt052045
IRS990/TotalAssetsGrp/EOYAmt0152187
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0138101
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0191852
IRS990/TotalFunctionalExpensesGrp/TotalAmt0191852
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024482
IRS990/TotalLiabilitiesEOYAmt0463
IRS990/TotalLiabilitiesGrp/BOYAmt024482
IRS990/TotalLiabilitiesGrp/EOYAmt0463
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027563
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0151724
IRS990/TotalProgramServiceExpensesAmt0191852
IRS990/TotalProgramServiceRevenueAmt0176752
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0177912
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0316013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052045
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0152187
IRS990/TravelGrp/ProgramServicesAmt051403
IRS990/TravelGrp/TotalAmt051403
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 13008
IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0WY
IRS990/USAddress/ZIPCd083002
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://EXPONENTIALDESTINY.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARCUS SHINGLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03108554480
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EXPONENTIAL DESTINY
ReturnHeader/Filer/BusinessNameControlTxt0EXPO
ReturnHeader/Filer/EIN0873381192
ReturnHeader/Filer/PhoneNum03108554480
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 13008
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WY
ReturnHeader/Filer/USAddress/ZIPCd083002
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/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD AARON PALMER
ReturnHeader/ReturnTs02024-12-11T17:26:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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