Civic Intelligence

Okthink Inc.

990 • Fiscal year 2023 • EIN 92-2663105

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

111 Sutter Street 10th FloorSan Francisco, CA 94104

(415) 954-4454

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$324,497

No earlier filing loaded for comparison.

Net Assets

$324,497

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$897,142

No earlier filing loaded for comparison.

Expenses

$572,645

No earlier filing loaded for comparison.

Net Income

$324,497

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2023: $324,497Liabilities 2023: $0Net Assets 2023: $324,4972023Assets 2024: $861,180Liabilities 2024: $0Net Assets 2024: $861,1802024

Highlighted filing

2023

Assets$324,497
Liabilities$0
Net Assets$324,497

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2023: $897,142Expenses 2023: $572,645Net Income 2023: $324,4972023Revenue 2024: $1,283,087Expenses 2024: $746,279Net Income 2024: $536,8082024

Highlighted filing

2023

Revenue$897,142
Expenses$572,645
Net Income$324,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$897,142
Mission and Program Overview

Mission

The primary activity of this corporation will be education of the public on systematic changes needed for combatting climate change, developing regenerative agriculture, and creating finance and economic infrastructure with healthy community banking methods that restore our planet and extend prosperity to all.

Education of the public on systematic changes needed for combatting climate change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$324,497▲ $324,497
Total Assets$0$324,497▲ $324,497
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$324,497▲ $324,497
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$324,497▲ $324,497
Total Liabilities and Net Assets / Fund Balance$0$324,497▲ $324,497
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathryn a TaylorPresident

Highest Paid Contractors

ContractorServicesLocationCompensation
Elizabeth Durney & AssociatesExecutive Coaching Services346 WILSON ST, Petaluma, CA 94952$149,200
Revenue and Support

Revenue Composition

Contributions and Grants
$897,142
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$897,142
Change in Net Assets
$324,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$301,984
Other Expenses$270,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$293,886--$293,886
Fees for Services Other$4,214$180,799-$185,013
Fees for Services Legal-$57,944-$57,944
Fees for Services Accounting-$22,462-$22,462
Payroll Taxes$6,533--$6,533
Travel$5,152--$5,152
Other Employee Benefits$1,565--$1,565
Office Expenses$90--$90
Total Functional Expenses$311,440$261,205$0$572,645
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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

Okthink, inc. Form 990 is prepared by an independent accountant for internal review. Once completed, the return is made available to the board of directors for review and comment prior to filing with the irs.

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

The board will ensure that this policy is distributed to all directors, officers, the executive director, highly compensated employees, substantial contributors, or members of a committee with board-delegated powers, as applicable. Each such person must sign an annual statement that the person: 1. Received a copy of the policy; 2. Has read and understands the policy; 3. Agrees to comply with the policy; 4. Understands that the policy applies to all committees and subcommittees having board-delegated powers; and 5. Understands that the corporation is a charitable organization and that in order to maintain its tax-exempt status, it must exclusively engage in activities which are directed towards the accomplishment of one or more of its tax-exempt purposes. The board will require each interested person to disclose any financial interest in the corporation, and all material facts relating thereto. As soon as is practicable after determining that a potential conflict of interest exists, the board will deliberate the matter, and the potentially interested person, after supplying such information as the board requests, will recuse himself or herself from the board deliberations and from the vote on the matter. In the case of all compensation arrangements and all other financial arrangements where the board determines that there is a conflict, the board will: 1. Require that the interested person leave the meeting during the discussion of, and the vote on, the transaction or arrangement that may create the conflict of interest; and 2. Enter into the transaction only if the board determines, by a majority vote of the non-interested directors present, that the transaction or arrangement is in the corporation's best interests and for its own benefit; is fair and reasonable to the corporation; and, after exercising due diligence, determines that the corporation cannot obtain a more advantageous transaction or arrangement with reasonable efforts under the circumstances.

Form 990, Part VI, Section B, Line 15

All compensation arrangements will be determined in accordance with the corporation's conflict of interest policy and the board of directors will evaluate compensation by taking into account appropriate comparability data, consistent with best practices for public charities.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Okthink Inc
EIN
92-2663105
Phone
4159544454
Address
111 SUTTER STREET 10TH FLOOR, SAN FRANCISCO, CA 94104

Signing Officer

Name
Kathryn a Taylor
Title
President
Phone
4159544454
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn a Taylor
Formed
2023
Legal Domicile
De
Voting Board Members
1
Independent Board Members
0
Employees
3
Volunteers
0

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
50 FREMONT ST 400, SAN FRANCISCO, CA 94105
Preparer
Daniel L Hall CPA
Phone
4157812500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 4,214. Management and general expenses 180,799. Fundraising expenses 0. Total expenses 185,013.

Raw XML Appendix281 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/ExplanationTxt0OKTHINK, INC. FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FOR INTERNAL REVIEW. ONCE COMPLETED, THE RETURN IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL ENSURE THAT THIS POLICY IS DISTRIBUTED TO ALL DIRECTORS, OFFICERS, THE EXECUTIVE DIRECTOR, HIGHLY COMPENSATED EMPLOYEES, SUBSTANTIAL CONTRIBUTORS, OR MEMBERS OF A COMMITTEE WITH BOARD-DELEGATED POWERS, AS APPLICABLE. EACH SUCH PERSON MUST SIGN AN ANNUAL STATEMENT THAT THE PERSON: 1. RECEIVED A COPY OF THE POLICY; 2. HAS READ AND UNDERSTANDS THE POLICY; 3. AGREES TO COMPLY WITH THE POLICY; 4. UNDERSTANDS THAT THE POLICY APPLIES TO ALL COMMITTEES AND SUBCOMMITTEES HAVING BOARD-DELEGATED POWERS; AND 5. UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, IT MUST EXCLUSIVELY ENGAGE IN ACTIVITIES WHICH ARE DIRECTED TOWARDS THE ACCOMPLISHMENT OF ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE BOARD WILL REQUIRE EACH INTERESTED PERSON TO DISCLOSE ANY FINANCIAL INTEREST IN THE CORPORATION, AND ALL MATERIAL FACTS RELATING THERETO. AS SOON AS IS PRACTICABLE AFTER DETERMINING THAT A POTENTIAL CONFLICT OF INTEREST EXISTS, THE BOARD WILL DELIBERATE THE MATTER, AND THE POTENTIALLY INTERESTED PERSON, AFTER SUPPLYING SUCH INFORMATION AS THE BOARD REQUESTS, WILL RECUSE HIMSELF OR HERSELF FROM THE BOARD DELIBERATIONS AND FROM THE VOTE ON THE MATTER. IN THE CASE OF ALL COMPENSATION ARRANGEMENTS AND ALL OTHER FINANCIAL ARRANGEMENTS WHERE THE BOARD DETERMINES THAT THERE IS A CONFLICT, THE BOARD WILL: 1. REQUIRE THAT THE INTERESTED PERSON LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT MAY CREATE THE CONFLICT OF INTEREST; AND 2. ENTER INTO THE TRANSACTION ONLY IF THE BOARD DETERMINES, BY A MAJORITY VOTE OF THE NON-INTERESTED DIRECTORS PRESENT, THAT THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTERESTS AND FOR ITS OWN BENEFIT; IS FAIR AND REASONABLE TO THE CORPORATION; AND, AFTER EXERCISING DUE DILIGENCE, DETERMINES THAT THE CORPORATION CANNOT OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS UNDER THE CIRCUMSTANCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION ARRANGEMENTS WILL BE DETERMINED IN ACCORDANCE WITH THE CORPORATION'S CONFLICT OF INTEREST POLICY AND THE BOARD OF DIRECTORS WILL EVALUATE COMPENSATION BY TAKING INTO ACCOUNT APPROPRIATE COMPARABILITY DATA, CONSISTENT WITH BEST PRACTICES FOR PUBLIC CHARITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,214. MANAGEMENT AND GENERAL EXPENSES 180,799. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 185,013.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/Filer/EIN0922663105
ReturnHeader/Filer/PhoneNum04159544454
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 SUTTER STREET 10TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094104
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY ADVISORY GROUP LP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 FREMONT ST 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094105
ReturnHeader/PreparerPersonGrp/PhoneNum04157812500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL L HALL CPA
ReturnHeader/ReturnTs02024-11-15T09:59:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-18
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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