Simplifyct Inc
- Assets
- $144.6k
- Revenue
- $338.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Darien, CT
- Founding
- Data as of
- 12/2021
- EIN
- 85-1504162
Organization Overview
Simplifyct Inc is located in Darien, CT. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simplifyct 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 12/2021, Simplifyct Inc generated $338.1k in total revenue. All expenses for the organization totaled $220.7k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FREE TAX RETURN PREPARATION AND TAX ADVOCACY SERVICES TO LOW INCOME AND AT RISK POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAX PREPARATION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hatchman Vice President | OfficerTrustee | 20 | $0 |
Patrick Gentile President | OfficerTrustee | 40 | $0 |
Mark Spivack Secretary | OfficerTrustee | 30 | $0 |
Paul Coughlan Treasurer | OfficerTrustee | 20 | $0 |
Michael Klehm Member | OfficerTrustee | 20 | $0 |
Teresa Gentile Member | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,100 |
| Total Program Service Revenue | $0 |
| 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 | $338,100 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $66,095 |
| Advertising and promotion | $67,939 |
| Office expenses | $626 |
| Information technology | $33,531 |
| Royalties | $0 |
| Occupancy | $3,400 |
| Travel | $0 |
| 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 | $3,062 |
| Insurance | $1,995 |
| All other expenses | $0 |
| Total functional expenses | $220,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,864 |
| 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 | $1,390 |
| Net Land, buildings, and equipment | $15,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,562 |
| Accounts payable and accrued expenses | $23,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $23,338 |
| Net assets without donor restrictions | $121,224 |
| 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 | $144,562 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Simplifyct Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Fairfield Countys Community Foundation Inc Norwalk, CT PURPOSE: FOR GENERAL SUPPORT. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fiscal Policy Institute Brooklyn, NY | $444,958 | $544,319 |
Taxpayers For An Affordable New York Inc New York, NY | $201,084 | $954,895 |
Idle Hour Taxpayers Association Of Oakdale L I N Y Inc Oakdale, NY | $535,710 | $243,737 |
Simplifyct Inc Darien, CT | $144,562 | $338,100 |
Antarctic Circle Inc Astoria, NY | $54,260 | $6,260 |
Center For Cost Effective Governance Inc Bayport, NY | $16,279 | $0 |
International Tax Institute Inc New York, NY | $74,453 | $0 |
Plum Island Taxpayers And Associates Inc Newbury, MA | $44,357 | $0 |
Concerned Taxpayers Of Wheatley Heights-Dix Hills Inc Wheatley Heights, NY | $14,040 | $0 |
Committee Of Banking Institutions On Taxation Garden City, NY | $78,935 | $0 |