Civic Intelligence

Icanet

990 • Fiscal year 2022 • EIN 94-3308029

Mar 01, 2021 to Feb 28, 2022 • Filed on Mar 15, 2022

1788 19th AveSan Francisco, CA 94122

(415) 242-8138

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

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

Liabilities / Revenue

58th percentile

0.00x

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

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

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

9th percentile

-53%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-15%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$51,182

Down $57,325 (-53%) from 2021

Net Assets

Up

$51,182

Up $3,675 (+7.7%) from 2021

Liabilities

Down

$0

Down $61,000 (-100%) from 2021

Revenue

Down

$234,239

Down $42,537 (-15%) from 2021

Expenses

Down

$230,564

Down $10,506 (-4.4%) from 2021

Net Income

Down

$3,675

Down $32,031 (-90%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2013: $500Liabilities 2013: $02013Assets 2014: $297Liabilities 2014: $02014Assets 2015: $4,208Liabilities 2015: $02015Assets 2017: $8,240Liabilities 2017: $02017Assets 2018: $26,684Liabilities 2018: $02018Assets 2019: $31,258Liabilities 2019: $02019Assets 2020: $11,801Liabilities 2020: $02020Assets 2021: $108,507Liabilities 2021: $61,000Net Assets 2021: $47,5072021Assets 2022: $51,182Liabilities 2022: $0Net Assets 2022: $51,1822022Assets 2023: $12,423Liabilities 2023: $0Net Assets 2023: $12,4232023Assets 2024: $5,297Net Assets 2024: $5,2972024Assets 2025: $33,453Net Assets 2025: $33,4532025

Highlighted filing

2022

Assets$51,182
Liabilities$0
Net Assets$51,182

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $12,000Expenses 2014: $12,203Net Income 2014: -$2032014Revenue 2015: $5,728Expenses 2015: $1,817Net Income 2015: $3,9112015Revenue 2017: $37,068Expenses 2017: $49,911Net Income 2017: -$12,8432017Revenue 2018: $81,958Expenses 2018: $61,305Net Income 2018: $20,6532018Revenue 2019: $84,845Expenses 2019: $80,271Net Income 2019: $4,5742019Revenue 2020: $121,244Expenses 2020: $140,701Net Income 2020: -$19,4572020Revenue 2021: $276,776Expenses 2021: $241,070Net Income 2021: $35,7062021Revenue 2022: $234,239Expenses 2022: $230,564Net Income 2022: $3,6752022Revenue 2023: $162,028Expenses 2023: $200,787Net Income 2023: -$38,7592023Revenue 2024: $120,715Expenses 2024: $127,841Net Income 2024: -$7,1262024Revenue 2025: $131,645Expenses 2025: $103,489Net Income 2025: $28,1562025

Highlighted filing

2022

Revenue$234,239
Expenses$230,564
Net Income$3,675
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Mar 15, 2022
Return Version
2021v4.0
Gross Receipts
$234,239
Mission and Program Overview

Mission

We provide Indonesian food to Indonesian communities seniors

To serve and to provide support to senior citizens in indonesian community around san francisco bay area

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$61,000--
Cash and Non-Interest-Bearing Accounts$102,319$51,182▼ $51,137
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$108,507$51,182▼ $57,325
Other Assets Total$6,188$0▼ $6,188
Liabilities
Total Liabilities$61,000$0▼ $61,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,507$51,182▲ $3,675
Total Net Assets Fund Balance$47,507$51,182▲ $3,675
Total Liabilities and Net Assets / Fund Balance$108,507$51,182▼ $57,325
Compensation and Service Providers

Board Members and Trustees

NameTitle
Felicia BuasanTrustee
John OeiTrustee
Jujanto WintaTrustee
Lisa LoTrustee
Maria LiesdaTrustee
Samuel PrenkyTrustee
Soeisna LeongTrustee
Indriati OeiSecretary
Midji RovettaSecretary
Maya MulyonoTreasurer
Tuti GiavinaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$234,239
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$215,045
Change in Net Assets
$3,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,564
Total Fundraising Expense$229,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses--$15,000$15,000
All Other Expenses--$8,017$8,017
Occupancy--$2,368$2,368
Advertising--$1,435$1,435
Office Expenses-$551-$551
Fees for Services Accounting-$500-$500
Total Functional Expenses$0$1,051$229,513$230,564
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$61,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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, Line 11B: Form 990 Review Process

Trustees review the financials, submit the financials to tax preparer, review the tax return then sign the authorization to e-file the tax return

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial report are available for public to review upon request

Filing and Contact Details

Filer

Filer Name
Icanet
EIN
94-3308029
Phone
4152428138
Address
1788 19TH AVE, SAN FRANCISCO, CA 94122

Signing Officer

Name
John Oei
Title
Trustee
Signed
2022-03-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
CA
Voting Board Members
11
Independent Board Members
5
Employees
0
Volunteers
11

Preparer

Firm
A Plus Accounting and Tax Services
Address
333 Gellert Boulevard Suite 134, Daly City, CA 94015
Preparer
Yeni Bungsu CPA
Phone
4156994111
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES REVIEW THE FINANCIALS, SUBMIT THE FINANCIALS TO TAX PREPARER, REVIEW THE TAX RETURN THEN SIGN THE AUTHORIZATION TO E-FILE THE TAX RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL REPORT ARE AVAILABLE FOR PUBLIC TO REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-15
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ReturnHeader/Filer/BusinessNameControlTxt0ICAN
ReturnHeader/Filer/EIN0943308029
ReturnHeader/Filer/PhoneNum04152428138
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A Plus Accounting and Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0333 Gellert Boulevard Suite 134
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Daly City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094015
ReturnHeader/PreparerPersonGrp/PhoneNum04156994111
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YENI BUNGSU CPA
ReturnHeader/ReturnTs02022-03-15T18:19:19-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OEI
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

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