Onpoint Technologies INC FY2020 filing

Winter Park, FLUnknown exempt organization EIN 05-0565287Revenue $2K in FY2020Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSonpoint.usWinter Park, FL

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To address critical needs of the united states army and the department of defense.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 05-0565287) · Dispute this line
83¢ of each $1 spent went to programs.
$468K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $1.0M a year · last 4 filings
A surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$468K
to officers and key staff · 41% of spending
Pay to officers and key staff is 41% of spending.
Part VII, Section A
3.4 mo
of spending, in cash
Plus $11.5M in investments, Pt X · Ln 11–13
3.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2K
Spent
$1.1M
To programs
83%
Net assets
$9.2M
By yearFY2020–FY2023
Revenue
$2K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021−$2.2M
FY2022−$2.1M
FY2023$2.5M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$155K
FY2023$0
Net assets
$9.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021−$208K
FY2022−$2.4M
FY2023$0

From the FY2020 Form 990 (year ending April 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $938K Management & general 17% · $194K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $468K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$204,000Pt VII · Sec A
Managing Director, Trustee
$102,000Pt VII · Sec A
Chairman, Trustee
$86,000Pt VII · Sec A
$76,000Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2022FY2021FY2020
Adam Goobic——$204,000
Paul Hoeper$113,167$35,167$86,000
Jason Rottenberg——$102,000
Rhett Hernandez$99,000$31,000$76,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Onpoint Technologies INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Supports the US Army and Department of Defense with critical needs.

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1 program · $938K · in their own filed words · FY2019
01

Management of capital to support the organization's principal mission of discovering and supporting companies and programs that develop innovative technologies to address critical needs of the united states army and the department of defense.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 05-0565287) · Dispute this line
$938Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2K
Ln 12
Investment incomeLn 3$2K
Money outPt IX
$1.1M
Ln 25
Programscol B$938K
Managementcol C$194K
Owns and owesPt X
$9.2M
net assets · Ln 32
Cash and savingsLn 1–2$325K
Total assetsLn 16$11.8M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$2K
Total revenueLn 12$2K
Assets in detailPt X, end of year
SavingsLn 2$325K
Cash and savings togetherLn 1–2$325K
InvestmentsLn 11–13$11.5M
Total assetsLn 16$11.8M
LiabilitiesLn 26$2.6M
Net assetsLn 32$9.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.5M$325K
InvestmentsLn 11–13$11.5M$11.5M
Total assetsLn 16$12.9M$11.8M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$10.4M$9.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$464K$344K$120K
Pay of disqualified personsLn 6$594K$594K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$20K$20K
Office expensesLn 13$1K$1K
TravelLn 17$63$63
InsuranceLn 23$35K$35K
Total functional expensesLn 25$1.1M$938K$194K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS Sep 13, 2023 $2.5M$0$2.5M$0 990 PDF
FY2022Filed with the IRS Mar 15, 2023 −$2.1M$155K−$2.2M−$2.4M 990 PDF
FY2021Filed with the IRS Mar 16, 2022 −$2.2M$1.1M−$3.3M−$208K 990 PDF
FY2020 ViewingFiled with the IRS Mar 15, 2021 $2K$1.1M−$1.1M$9.2M 990 PDF

Schedules filed Part IV

I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $2,100 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,303$2,100
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,303$2,100
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $166,000$1,058,000
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,059,701$73,952
I-18 Total expensesPrior year $1,225,701$1,131,952
I-19 Revenue less expensesPrior year −$1,214,398−$1,129,852
Part VI · Governance 0 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,100 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $2,100$2,100
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,100$2,100
Part IX · Statement of functional expenses $1,131,952 across 7 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $344,000 · Management $120,000$464,000
IX-6 Pay of disqualified personsPrograms $594,000$594,000
IX-11b Legal feesManagement $18,424$18,424
IX-11c Accounting feesManagement $19,500$19,500
IX-13 Office expensesManagement $1,177$1,177
IX-17 TravelManagement $63$63
IX-23 InsuranceManagement $34,788$34,788
IX-25 Total functional expensesPrograms $938,000 · Management $193,952 · Fundraising $0$1,131,952
Part X · Balance sheet $11,792,841 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,454,924$325,072
X-12 Other securitiesStart of year $401$401
X-13 Program-related investmentsStart of year $11,467,368$11,467,368
X-16 Total assetsStart of year $12,922,693$11,792,841
X-17 Accounts payable and accrued expensesStart of year $51,535$51,535
X-22 Loans from officers and insiders$2,513,178
X-25 Other liabilitiesStart of year $2,513,178$0
X-26 Total liabilitiesStart of year $2,564,713$2,564,713
X-27 Net assets without donor restrictionsStart of year $10,357,980$9,228,128
X-32 Total net assets or fund balancesStart of year $10,357,980$9,228,128
X-33 Total liabilities and net assetsStart of year $12,922,693$11,792,841
Part XI · Reconciliation of net assets $9,228,128 net assets at year end
XI-1 Total revenue$2,100
XI-2 Total expenses$1,131,952
XI-3 Revenue less expenses−$1,129,852
XI-4 Net assets at start of year$10,357,980
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,228,128

Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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