Civic Intelligence

Operation Equivalency Inc.

990 • Fiscal year 2017 • EIN 90-1014638

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 07, 2018

Organization Profilen/a
205 EAST 122nd st Room 316New York, NY 10035

(347) 395-9709

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.09x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • NTEE B90 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.01x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • NTEE B90 • <$500k nonprofits • Source year 2017

Net Margin

55th percentile

6.6%

Higher net margin than 55% of similar nonprofits.

2017 filings • NTEE B90 • <$500k nonprofits • Source year 2017

Top Officer Pay

86th percentile

$30,113

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2017 filings • NTEE B90 • <$500k nonprofits • Source year 2017

Asset Growth

97th percentile

520%

Faster asset growth than 97% of similar nonprofits.

2017 filings • NTEE B90 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

249%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • NTEE B90 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$21,986

Up $18,441 (+520%) from 2016

Net Assets

Up

$20,107

Up $16,562 (+467%) from 2016

Liabilities

$1,879

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin55th percentile

Revenue

Up

$249,097

Up $177,701 (+249%) from 2016

Expenses

Up

$232,535

Up $120,921 (+108%) from 2016

Net Income

Up

$16,562

Up $56,780 (+141%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$60K$40K$20K$0-$20KAssets 2014: $13,873Liabilities 2014: $1,983Net Assets 2014: $11,8902014Assets 2015: $45,552Liabilities 2015: $1,789Net Assets 2015: $43,7632015Assets 2016: $3,545Net Assets 2016: $3,5452016Assets 2017: $21,986Liabilities 2017: $1,879Net Assets 2017: $20,1072017Assets 2018: $6,341Liabilities 2018: $4,923Net Assets 2018: $1,4182018Assets 2019: $0Liabilities 2019: $1,276Net Assets 2019: -$1,2762019Assets 2020: $2,860Liabilities 2020: $0Net Assets 2020: $2,8602020Assets 2021: $39,778Net Assets 2021: $39,7782021Assets 2022: $5,133Liabilities 2022: $0Net Assets 2022: $5,1332022Assets 2023: $30,620Liabilities 2023: $0Net Assets 2023: $30,6202023Assets 2024: $25Liabilities 2024: $0Net Assets 2024: $252024

Highlighted filing

2017

Assets$21,986
Liabilities$1,879
Net Assets$20,107
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $60,999Expenses 2014: $52,502Net Income 2014: $8,4972014Revenue 2015: $98,758Expenses 2015: $66,885Net Income 2015: $31,8732015Revenue 2016: $71,396Expenses 2016: $111,614Net Income 2016: -$40,2182016Revenue 2017: $249,097Expenses 2017: $232,535Net Income 2017: $16,5622017Revenue 2018: $127,135Expenses 2018: $145,824Net Income 2018: -$18,6892018Revenue 2019: $123,735Expenses 2019: $126,429Net Income 2019: -$2,6942019Revenue 2020: $57,770Expenses 2020: $53,634Net Income 2020: $4,1362020Revenue 2021: $166,078Expenses 2021: $129,161Net Income 2021: $36,9172021Revenue 2022: $367,493Expenses 2022: $402,138Net Income 2022: -$34,6452022Revenue 2023: $325,739Expenses 2023: $300,252Net Income 2023: $25,4872023Revenue 2024: $174,765Expenses 2024: $174,740Net Income 2024: $252024

Highlighted filing

2017

Revenue$249,097
Expenses$232,535
Net Income$16,562
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 7, 2018
Return Version
2017v2.3
Gross Receipts
$249,097
Mission and Program Overview

Mission

To provde students a modern approach to pass the ged or eqivalent exam and prepare them for the marketplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,545$11,392▲ $7,847
Total Assets$3,545$21,986▲ $18,441
Other Assets Total-$10,594-
Liabilities
Accounts Payable and Accrued Expenses-$1,879-
Total Liabilities$0$1,879▲ $1,879
Net Assets / Fund Balance
Unrestricted Net Assets$3,545$20,107▲ $16,562
Total Net Assets Fund Balance$3,545$20,107▲ $16,562
Total Liabilities and Net Assets / Fund Balance$3,545$21,986▲ $18,441

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$10,594--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Francisco LantiguaPresidentFT$30,113$30,113
Revenue and Support

Revenue Composition

Contributions and Grants
$249,097
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$249,097
Change in Net Assets
$16,562

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$68,000Fair Market Value (FMV)
Other Non Cash Contri Table2$35,000Fair Market Value (FMV)
Other Non Cash Contri Table30$23,000Fair Market Value (FMV)
Total Noncash Contributions33$126,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$149,966
Salaries, Compensation, and Employee Benefits$82,569
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$68,000--$68,000
Other Salaries and Wages-$46,588-$46,588
Current Officers, Directors, Trustees, and Key Employees$30,113--$30,113
Information Technology$23,000--$23,000
Fees for Services Management-$21,993-$21,993
Fees for Services Accounting-$15,000-$15,000
Office Expenses-$13,267-$13,267
Payroll Taxes-$5,868-$5,868
Conferences and Meetings$4,867--$4,867
Insurance-$2,793-$2,793
Advertising-$1,046-$1,046
Total Functional Expenses$125,980$106,555$0$232,535
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Only the chairperson and two key persons review the return”

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

“The board annually reviews any officer, director or employee that has compromised any conflict of interest and requires anyone in connection with the corporation with good standing come forth should they believe they have misjudged their actions or decisons that might create favor any type of private inurement.”

Form 990, Part VI, Section C, Line 19

“Anyone can request these documents. They are available for inspection during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Operation Equivalency Inc
EIN
90-1014638
Address
205 EAST 122nd st Room 316, NEW YORK, NY 10035

Signing Officer

Name
Francisco Lantigua
Title
President
Signed
2018-09-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francisco Lantigua
Formed
2013
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
11

Preparer

Firm
Elbert T Chester CPA Pllc
Address
94-24 226TH ST, FLORAL PARK, NY 11001
Preparer
Elbert T Chester
Phone
5167752722
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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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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0100.2.247.105
ReturnHeader/FilingSecurityInformation/IPDt02018-09-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm017:21:06
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELBERT T CHESTER CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt094-24 226TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLORAL PARK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011001
ReturnHeader/PreparerPersonGrp/PhoneNum05167752722
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELBERT T CHESTER
ReturnHeader/ReturnTs02018-09-07T08:12:47-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,986
Liabilities
$1,879
Net assets
$20,107
Revenue
$249,097
Expenses
$232,535
Net income
$16,562
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.75$1.75$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$3.26$3.00$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$3.67$4.02$0.35
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.40$1.66$1.29$0.37
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.58$0.54$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.01$1.24$1.26$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.05$0.01$1.27$1.46$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.22$0.02$0.20$2.49$2.33$0.17
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.71$1.12$0.40
2015Detailed filing. Detailed filing data is available for this year.$0.46$0.02$0.44$0.99$0.67$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.61$0.53$0.08