Onpoint Technologies INC FY2021 filing

Winter Park, FLUnknown exempt organization EIN 05-0565287Revenue −$2.2M in FY2021Latest 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, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 05-0565287) · Dispute this line
93¢ of each $1 spent went to programs.
$66K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
2.4 mo
of spending, in cash
Plus $2.7M in investments, Pt X · Ln 11–13
2.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.1M
107% of total assets
Liabilities are 107% 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
−$2.2M
-104132% vs prior year
Spent
$1.1M
To programs
93%
Net assets
−$208K
By yearFY2020–FY2023
Revenue
−$2.2M
FY2021▼ -104132%
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021−$2.2M
FY2022−$2.1M
FY2023$2.5M
Expenses
$1.1M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$155K
FY2023$0
Net assets
−$208K
FY2021▼ -102%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021−$208K
FY2022−$2.4M
FY2023$0

From the FY2021 Form 990 (year ending April 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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

93 cents of each dollar spent went to programs.

Program services 93% · $1.0M Management & general 7% · $72K

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; $66K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chairman, Trustee
$35,167Pt VII · Sec A
$31,000Pt VII · Sec A
$0Pt VII · Sec A
Managing Director, Trustee
$0Pt 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 · $1.0M · in their own filed words · FY2020
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, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 05-0565287) · Dispute this line
$1.0Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
−$2.2M
Ln 12
Investment incomeLn 3$16
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$72K
Owns and owesPt X
−$208K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$2.9M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$16
Gains on assetsLn 7−$2.2M
Total revenueLn 12−$2.2M
Assets in detailPt X, end of year
SavingsLn 2$219K
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$2.7M
Total assetsLn 16$2.9M
LiabilitiesLn 26$3.1M
Net assetsLn 32−$208K
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 FY21End FY21
Cash and savingsLn 1–2$325K$219K
InvestmentsLn 11–13$11.5M$2.7M
Total assetsLn 16$11.8M$2.9M
LiabilitiesLn 26$2.6M$3.1M
Net assetsLn 32$9.2M−$208K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$66K$49K$17K
Pay of disqualified personsLn 6$952K$952K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$25K$25K
InsuranceLn 23$23K$23K
Total functional expensesLn 25$1.1M$1.0M$72K$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
FY2021 ViewingFiled with the IRS Mar 16, 2022 −$2.2M$1.1M−$3.3M−$208K 990 PDF
FY2020Filed with the IRS Mar 15, 2021 $2K$1.1M−$1.1M$9.2M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary −$2,184,664 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 $2,100−$2,184,664
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,100−$2,184,664
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 $1,058,000$1,018,667
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $73,952$55,157
I-18 Total expensesPrior year $1,131,952$1,073,824
I-19 Revenue less expensesPrior year −$1,129,852−$3,258,488
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 −$2,184,664 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $16$16
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,184,680−$2,184,680
VIII-12 Total revenueRelated to mission −$2,184,680 · Unrelated business $0 · Excluded from tax $16−$2,184,664
Part IX · Statement of functional expenses $1,073,824 across 5 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $49,056 · Management $17,111$66,167
IX-6 Pay of disqualified personsPrograms $952,500$952,500
IX-11g Other fees for servicesManagement $7,087$7,087
IX-13 Office expensesManagement $24,970$24,970
IX-23 InsuranceManagement $23,100$23,100
IX-25 Total functional expensesPrograms $1,001,556 · Management $72,268 · Fundraising $0$1,073,824
Part X · Balance sheet $2,904,583 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $325,072$218,774
X-13 Program-related investmentsStart of year $11,467,368$2,685,809
X-16 Total assetsStart of year $11,792,841$2,904,583
X-17 Accounts payable and accrued expensesStart of year $51,535$148,961
X-22 Loans from officers and insidersStart of year $2,513,178$2,963,179
X-26 Total liabilitiesStart of year $2,564,713$3,112,140
X-27 Net assets without donor restrictionsStart of year $9,228,128−$207,557
X-32 Total net assets or fund balancesStart of year $9,228,128−$207,557
X-33 Total liabilities and net assetsStart of year $11,792,841$2,904,583
Part XI · Reconciliation of net assets −$207,557 net assets at year end
XI-1 Total revenue−$2,184,664
XI-2 Total expenses$1,073,824
XI-3 Revenue less expenses−$3,258,488
XI-4 Net assets at start of year$9,228,128
XI-5 Net unrealized gains (losses) on investments−$6,177,197
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$207,557

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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