Consiliumbots Inc
- Assets
- $405.7k
- Revenue
- $921.1k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 32-0585344
Organization Overview
Consiliumbots Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Consiliumbots Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consiliumbots Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Consiliumbots Inc generated $921.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO INCREASE EDUCATIONAL ATTAINMENT AND LIFETIME EARNINGS FOR LOW- AND MIDDLE-INCOME STUDENTS BY SUPPORTING RESEARCH AND INNOVATION THAT LEVERAGES NEW TECHNOLOGICAL INNOVATIONS AND THE USE OF GOVERNMENT DATA TO PROVIDE COST-EFFECTIVE, RIGOROUSLY TESTED, AND EASILY SCALABLE ADVICE REGARDING IMPORTANT EDUCATIONAL DECISIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSILIUMBOTS SUCCESFULLY TESTED, IMPLEMENTED, AND MONITORED EDUCATION AND RESEARCH SUPPORT TECHNOLOGIES. CB'S ACCOMPLISHMENTS WERE AS FOLLOWS FOR THE YEAR ENDED DECEMBER 31, 2022: 1) CB ESTIMATED THAT FOR THE YEAR ENDED DECEMBER 31, 2022, OVER 2 MILLION INDIVIDUALS (STUDENTS, PARENTS OR TEACHERS) IN 7 COUNTRIES HAVE INTERACTED WITH CONSILIUMBOTS SMART-PLATFORMS OR VIRTUAL ASSISTANTS DURING THE PROCESS OF SELECTING A SCHOOL OR A POST-SECONDARY EDUCATION OPTION. SPENDING APPROXIMATELY 0.4 DOLLAR FOR EACH BENEFICIARY OF THE VARIOUS PLATFORMS, WHICH IS EXPECTED TO FALL EVEN FURTHER AS ECONOMIES OF SCALE ARE ACHIEVED. 2) CB EXPANDED ITS INTERVENTIONS IN THE POST-SECONDARY EDUCATION AREA DECISION-MAKING AND ADMISSION PROCESS. COMBINING PERSONALIZED FEEDBACK REPORTS, CHATBOTS, EXPLORATION WEBSITES, AND THE VIRTUAL PROGRAM CHOOSING FOR A BETTER FUTURE." (A) CB IMPLEMENTED PERSONALIZED FEEDBACK AND EXPLORATION TOOLS IN THE CONTEXT FOR HIGHER EDUCATION IN COLOMBIA, AND CHILE. THESE VIRTUAL ASSISTANTS HELP STUDENTS SELECT A HIGHER EDUCATION SPECIALTY AND LEARN HOW TO FINANCE IT. IN COLOMBIA, THIS WAS IMPLEMENTED IN PARTNERSHIP WITH THE COLOMBIAN INSTITUTE FOR THE PROMOTION OF HIGHER EDUCATION ("ICFES"), WHILE IN CHILE IT WAS DONE IN PARTNERSHIP WITH THE MINISTRY OF EDUCATION. (B) CB IMPLEMENTED A CHOOSING A BETTER FUTURE IN CHILE AND COLOMBIA, A VIRTUAL COUNSELOR PROGRAM THAT TEACHES STUDENTS ABOUT THE VALUE OF EDUCATION, AND THE POSSIBILITIES TO CONTINUE THEIR STUDIES AFTER GRADUATING FROM HIGH SCHOOL. IN 2022 THIS PROGRAM REACHED ALMOST 1,000. 3) CB WORKED WITH THE CHILEAN MINISTRY OF EDUCATION TO IMPLEMENT THE ASSIGNMENT ALGORITHM FOR +500,000 APPLICANTS AND PROVIDED OUTREACH AND FEEDBACK SERVICES, WHILE THE GOVERNMENT CAPTURED PREFERENCES AND REGISTERED FAMILIES. AS WELL, WORKED WITH AFFILIATED RESEARCHERS TO EVALUATE THE INFORMATIONAL INTERVENTIONS. 4) CB WORKED TO IMPROVE SMART-PLATFORMS - THE SCHOOL EXPLORER AND APPLICATION ASSISTANT AND SUPPORTED THE SPIN-OFF OF THIS PROJECT INTO A NEW ORGANIZATION -TETHER EDUCATION- THAT WILL CONTINUE TO DEVELOP THIS IDEA AS PART AS A SUSTAINABLE GROWTH PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria J Lavin COO | Officer | 40 | $78,863 |
Thomas Krussig COO | 40 | $16,000 | |
Ryan Cooper Director | Trustee | 1 | $0 |
Juan Ariel Jimenez Director | Trustee | 1 | $0 |
Gonzalo Oyanedel Director | Trustee | 1 | $0 |
Norma Padron Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $759,863 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,863 |
| Total Program Service Revenue | $161,274 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $921,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,770 |
| Compensation of current officers, directors, key employees. | $26,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,690 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,384 |
| Office expenses | $46,332 |
| Information technology | $140,665 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $48,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,080 |
| Insurance | $619 |
| All other expenses | $1,778 |
| Total functional expenses | $1,031,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,687 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,453 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,530 |
| Total assets | $405,670 |
| Accounts payable and accrued expenses | $42,523 |
| Grants payable | $0 |
| Deferred revenue | $430,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $472,623 |
| Net assets without donor restrictions | -$66,953 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $405,670 |