Civic Intelligence

Operation Equivalency Inc.

990 • Fiscal year 2023 • EIN 90-1014638

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 10, 2024

Organization Profilen/a
205 East 122nd St STE 200New York, NY 10035

(347) 395-9709

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.00x

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Net Margin

50th percentile

7.8%

Higher net margin than 50% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2023 filings • NTEE B90 • <$500k nonprofits • Source year 2023

Asset Growth

97th percentile

497%

Faster asset growth than 97% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-11%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • NTEE B90 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$30,620

Up $25,487 (+497%) from 2022

Net Assets

Up

$30,620

Up $25,487 (+497%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin50th percentile

Revenue

Down

$325,739

Down $41,754 (-11%) from 2022

Expenses

Down

$300,252

Down $101,886 (-25%) from 2022

Net Income

Up

$25,487

Up $60,132 (+174%) from 2022

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

2023

Assets$30,620
Liabilities$0
Net Assets$30,620
Open 2023 Filing

Operations Trend

Revenue Growth35th 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

2023

Revenue$325,739
Expenses$300,252
Net Income$25,487
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 10, 2024
Return Version
2023v5.1
Gross Receipts
$325,739
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$23,483-
Cash and Non-Interest-Bearing Accounts$5,133$7,137▲ $2,004
Total Assets$5,133$30,620▲ $25,487
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,133$30,620▲ $25,487
Total Net Assets Fund Balance$5,133$30,620▲ $25,487
Total Liabilities and Net Assets / Fund Balance$5,133$30,620▲ $25,487

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,483$886-
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Francisco LantiguaOfficer
Iris J AponteSecretary
Pablo GuzmanTreaurer
Ikay HenryVP
Revenue and Support

Revenue Composition

Contributions and Grants
$325,739
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$325,739
Change in Net Assets
$25,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$156,064
Salaries, Compensation, and Employee Benefits$144,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$133,941-$133,941
Other Expenses$79,767--$79,767
Fees for Services Other-$49,486-$49,486
Payroll Taxes-$10,247-$10,247
Insurance-$7,464-$7,464
Office Expenses-$5,831-$5,831
Conferences and Meetings-$3,824-$3,824
Fees for Services Accounting-$3,500-$3,500
Occupancy-$3,306-$3,306
Information Technology-$2,000-$2,000
Depreciation Depletion-$886-$886
Total Functional Expenses$79,767$220,485$0$300,252
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
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

Governing body meeting documentation Part VI line 8A

“The board keeps minutes of all annual meetings.”

Committee meeting documentation Part VI line 8B

“The board keeps records of all committee documentation.”

Form 990 governing body review Part VI line 11

“The board is presented with a copy of the 990 to review before it is filed”

CEO executive director top management comp Part VI line 15A

“The board reviews the reasonablness of any salary or compensation to any officer or director.”

Other officer or key employee compensation Part VI line 15B

“The board review the reasonableness of any compensation for any key employee.”

Form 990 availability to public Part VI line 18

“The public is permitted to email the office to come and view any public document of the organization.”

Governing documents etc available to public Part VI line 19

“All governing documents are made available to the public by request.”

Filing and Contact Details

Filer

Filer Name
Operation Equivalency Inc
EIN
90-1014638
Address
205 East 122nd St STE 200, New York, NY 10035

Signing Officer

Name
Francisco Lantigua
Title
President
Phone
3473959709
Signed
2024-04-10
Discuss with paid preparer
No

Organization Details

Formed
2013
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
6

Preparer

Firm
Elbert T Chester CPA Pllc
Address
94-24 226TH ST, Floral Park, NY 11001
Preparer
Elbert T Chester
Phone
5167752722
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Independedent contractors for certification and osha fees.”

Raw XML Appendix322 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD KEEPS MINUTES OF ALL ANNUAL MEETINGS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board is presented with a copy of the 990 to review before it is filed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board reviews the reasonablness of any salary or compensation to any officer or director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board review the reasonableness of any compensation for any key employee.
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANCISCO LANTIGUA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03473959709
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Operation Equivalency Inc
ReturnHeader/Filer/BusinessNameControlTxt0OPER
ReturnHeader/Filer/EIN0901014638
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 East 122nd St STE 200
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010035
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0510450402
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/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Elbert T Chester
ReturnHeader/ReturnTs02024-11-14T23:42:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,620
Liabilities
$0
Net assets
$30,620
Revenue
$325,739
Expenses
$300,252
Net income
$25,487
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