Civic Intelligence

Myfi Inc

EIN 88-2825385 • 501(c)3 • New York, NY

Profile

Myfi lends micro loans and offers financial guidance to aspiring, disadvantaged entrepreneurs across the world. We lend to support the acquisition of commodities that help the sustainability of a small business (ie. A sewing machine for a seamstress). All returned loans are added back into the fund pool, which goes towards supporting the next wave of myfi's borrowers.

545 West 110th Street Apt6gNew York, NY 10025

myfinyc.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

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

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

97th percentile

92%

Higher net margin than 97% 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

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

Balance Sheet
Liabilities / Assets59th percentile

Assets

$12,673

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$12,673

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin97th percentile

Revenue

$13,819

No earlier filing loaded for comparison.

Expenses

$1,146

No earlier filing loaded for comparison.

Net Income

$12,673

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$15K$10K$5.0K$0Assets 2022: $12,673Liabilities 2022: $0Net Assets 2022: $12,6732022

Highlighted filing

2022

Assets$12,673
Liabilities$0
Net Assets$12,673
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15K$10K$5.0K$0Revenue 2022: $13,819Expenses 2022: $1,146Net Income 2022: $12,6732022

Highlighted filing

2022

Revenue$13,819
Expenses$1,146
Net Income$12,673
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,673
Liabilities
$0
Net assets
$12,673
Revenue
$13,819
Expenses
$1,146
Net income
$12,673
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$13.8$1.15$12.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 15, 2022 to Dec 31, 2022
Signed
Jul 20, 2023
Return Version
2022v5.0
Gross Receipts
$13,819
Mission and Program Overview

Mission

Myfi lends micro loans and offers financial guidance to aspiring, disadvantaged entrepreneurs across the world. We lend to support the acquisition of commodities that help the sustainability of a small business (ie. A sewing machine for a seamstress). All returned loans are added back into the fund pool, which goes towards supporting the next wave of myfi's borrowers.

Program Services

DescriptionGrantsExpenses
MYFI SUCCESSFULLY LOANED TO SEVEN ENTREPRENEURS DURING THIS TAX PERIOD, INCREASING THE EFFICIENCY AND PROFITABILITY OF THEIR BUSINESSES.$0$1,146
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHARLIE BERGERDirectorPT$0--
JONATHAN DAVISDirectorPT$0--
ALESSANDRA MOSESDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Myfi Inc
EIN
88-2825385
Phone
9173715346
Address
545 WEST 110TH STREET APT6G, NEW YORK, NY 10025

Signing Officer

Name
Charlie Berger
Title
Director
Phone
9173715346
Signed
2023-07-20
Discuss with paid preparer
Yes

Preparer

Firm
Perelson Weiner Llp
Address
299 PARK AVENUE 2ND FLOOR, NEW YORK, NY 10171-0002
Preparer
Sandy Chan
Phone
2126053100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: website domain and membership. Amount: 560. Description: legal and organizational expenses. Amount: 586. Total to form 990-ez, line 16: 1,146.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: loans receivable. Beg. Of year amount: 0. End of year amount: 2,686.”

Raw XML Appendix131 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MYFI INC
IRS990EZ/BooksInCareOfDetail/PhoneNum09173715346
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0545 WEST 110TH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010025
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09987
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt013819
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt012673
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt012673
IRS990EZ/GrossReceiptsAmt013819
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt012673
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt012673
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt08.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt18.50
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CHARLIE BERGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JONATHAN DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ALESSANDRA MOSES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02686
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01146
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MYFI LENDS MICRO LOANS AND OFFERS FINANCIAL GUIDANCE TO ASPIRING, DISADVANTAGED ENTREPRENEURS ACROSS THE WORLD. WE LEND TO SUPPORT THE ACQUISITION OF COMMODITIES THAT HELP THE SUSTAINABILITY OF A SMALL BUSINESS (IE. A SEWING MACHINE FOR A SEAMSTRESS). ALL RETURNED LOANS ARE ADDED BACK INTO THE FUND POOL, WHICH GOES TOWARDS SUPPORTING THE NEXT WAVE OF MYFI'S BORROWERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MYFI SUCCESSFULLY LOANED TO SEVEN ENTREPRENEURS DURING THIS TAX PERIOD, INCREASING THE EFFICIENCY AND PROFITABILITY OF THEIR BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt01146
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt01146
IRS990EZ/TotalProgramServiceExpensesAmt01146
IRS990EZ/TotalRevenueAmt013819
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0MYFINYC.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MYFI INC. COMMENCED ITS INITIAL YEAR OF OPERATIONS IN JUNE 2022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06979
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt06979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06979
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06979
IRS990ScheduleA/TotalSupportAmt06979
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: WEBSITE DOMAIN AND MEMBERSHIP. AMOUNT: 560. DESCRIPTION: LEGAL AND ORGANIZATIONAL EXPENSES. AMOUNT: 586. TOTAL TO FORM 990-EZ, LINE 16: 1,146.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LOANS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,686.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLIE BERGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09173715346
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYFI INC
ReturnHeader/Filer/BusinessNameControlTxt0MYFI
ReturnHeader/Filer/EIN0882825385
ReturnHeader/Filer/PhoneNum09173715346
ReturnHeader/Filer/USAddress/AddressLine1Txt0545 WEST 110TH STREET APT6G
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010025
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133791592
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PERELSON WEINER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0299 PARK AVENUE 2ND FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101710002
ReturnHeader/PreparerPersonGrp/PhoneNum02126053100
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDY CHAN
ReturnHeader/ReturnTs02023-07-25T09:23:54-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BERGER
ReturnHeader/TaxPeriodBeginDt02022-06-15
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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