Civic Intelligence

Operation Equivalency Inc.

990 • Fiscal year 2018 • EIN 90-1014638

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

91st percentile

0.78x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • NTEE B90 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.04x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • NTEE B90 • <$500k nonprofits • Source year 2018

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2018 filings • NTEE B90 • <$500k nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2018 filings • NTEE B90 • <$500k nonprofits • Source year 2018

Asset Growth

3rd percentile

-71%

Faster asset growth than 3% of similar nonprofits.

2018 filings • NTEE B90 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

12th percentile

-49%

Faster revenue growth than 12% of similar nonprofits.

2018 filings • NTEE B90 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$6,341

Down $15,645 (-71%) from 2017

Net Assets

Down

$1,418

Down $18,689 (-93%) from 2017

Liabilities

Up

$4,923

Up $3,044 (+162%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin22nd percentile

Revenue

Down

$127,135

Down $121,962 (-49%) from 2017

Expenses

Down

$145,824

Down $86,711 (-37%) from 2017

Net Income

Down

-$18,689

Down $35,251 (-213%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2018

Assets$6,341
Liabilities$4,923
Net Assets$1,418
Open 2018 Filing

Operations Trend

Revenue Growth12th 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

2018

Revenue$127,135
Expenses$145,824
Net Income-$18,689
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$127,135
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$11,392$410▼ $10,982
Total Assets$21,986$6,341▼ $15,645
Other Assets Total$10,594$5,931▼ $4,663
Liabilities
Accounts Payable and Accrued Expenses$1,879$4,923▲ $3,044
Total Liabilities$1,879$4,923▲ $3,044
Net Assets / Fund Balance
Unrestricted Net Assets$20,107$1,418▼ $18,689
Total Net Assets Fund Balance$20,107$1,418▼ $18,689
Total Liabilities and Net Assets / Fund Balance$21,986$6,341▼ $15,645

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$5,931--
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Francisco LantiguaPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$127,135
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$127,135
Change in Net Assets
$-18,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,857
Other Expenses$31,967
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$60,766-$60,766
Current Officers, Directors, Trustees, and Key Employees$45,000--$45,000
Fees for Services Management$10,468--$10,468
Payroll Taxes-$8,091-$8,091
Conferences and Meetings$7,665--$7,665
Office Expenses$4,650$1,911-$6,561
Other Expenses-$2,944-$2,944
Travel$1,671--$1,671
Insurance-$449-$449
Total Functional Expenses$69,454$76,370$0$145,824
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
Yes
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 Lantiqua
Title
President
Signed
2019-11-14
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
7

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/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/PreparationDt02019-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELBERT T CHESTER
ReturnHeader/ReturnTs02019-11-14T03:13:53-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,341
Liabilities
$4,923
Net assets
$1,418
Revenue
$127,135
Expenses
$145,824
Net income
-$18,689
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