Publicsquare INC FY2022 filing

Santa Barbara, CAUnknown exempt organizationEIN 82-1616055Revenue $6K in FY2022

On file with the IRSpublicsquaresb.org3463 State Street Suite 229 · Santa Barbara, CA

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Conduct educational seminars and student engagement programs

82¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $140K a year · 225% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 52% of spending
Concern: pay to officers and key staff is 52% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$588
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6K
-95% vs prior year
Spent
$213K
To programs
82%
Net assets
$135K
By yearFY2021–FY2022
Revenue
$6K
FY2022▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2021$118K
FY2022$6K
FY2022$265
Expenses
$213K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$192K
FY2022$213K
FY2022$135K
Net assets
$135K
FY2022▼ -61%
Tap a bar for its year
Net assets by fiscal year
FY2021$341K
FY2022$135K
FY2022$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $174K Management & general 16% · $33K Fundraising 2% · $5K

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

7 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$60,000Pt VII · Sec A
CFO and Secretary
$50,333Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2022
Leonard Wallock$60,000$60,000
Dana Wallock$38,000$50,333

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.

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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

Programs and updates

Conducts educational seminars and student engagement programs.

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Provided by the organization

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1 program · $174K · in their own filed words · FY2021
01

Student engagement programsthe student fellows program and summer civics initiative provide mentorship, encourage civic activism, and award stipends to primarily low-to-moderate income and underrepresented undergraduate college students aspiring to become civic leaders and agents of change.

$174Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$5

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6K
Ln 12
Gifts and grantsLn 1h$6K
Investment incomeLn 3$90
Money outPt IX
$213K
Ln 25
Programscol B$174K
Managementcol C$33K
Fundraisingcol D$5K
Owns and owesPt X
$135K
net assets · Ln 32
Cash and savingsLn 1–2$135K
Total assetsLn 16$135K
LiabilitiesLn 26$588
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Investment incomeLn 3$90
Total revenueLn 12$6K
Assets in detailPt X, end of year
CashLn 1$135K
Cash and savings togetherLn 1–2$135K
Total assetsLn 16$135K
LiabilitiesLn 26$588
Net assetsLn 32$135K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$207K$135K
Total assetsLn 16$342K$135K
LiabilitiesLn 26$2K$588
Net assetsLn 32$341K$135K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$96K$76K$16K$4K
Payroll taxesLn 10$8K$6K$1K$332
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$2K$1K$651
Advertising and promotionLn 12$436$436
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$2K$1K$64
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$94K$89K$5K
Total functional expensesLn 25$213K$174K$33K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Viewing $6K$213K−$206K$135K 990 PDF
FY2021 $118K$192K−$74K$341K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $6,255 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $118,277$6,165
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $93$90
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $118,370$6,255
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 $123,710$103,974
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $68,365$108,580
I-18 Total expensesPrior year $192,075$212,554
I-19 Revenue less expensesPrior year −$73,705−$206,299
Part VI · Governance 5 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,255 across 4 lines filed
VIII-1f All other contributions, gifts and grants$6,165
VIII-1h Total contributions, gifts and grants$6,165
VIII-3 Investment incomeExcluded from tax $90$90
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $90$6,255
Part IX · Statement of functional expenses $212,554 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $76,000 · Management $16,000 · Fundraising $4,000$96,000
IX-10 Payroll taxesPrograms $6,313 · Management $1,329 · Fundraising $332$7,974
IX-11c Accounting feesManagement $5,819$5,819
IX-11g Other fees for servicesPrograms $1,137 · Management $651$1,788
IX-12 Advertising and promotionFundraising $436$436
IX-13 Office expensesManagement $1,531$1,531
IX-14 Information technologyPrograms $1,577 · Management $1,308 · Fundraising $64$2,949
IX-23 InsuranceManagement $1,789$1,789
IX-24 Other expenses (24a–d)Programs $89,268 · Management $5,000$94,268
IX-25 Total functional expensesPrograms $174,295 · Management $33,427 · Fundraising $4,832$212,554
Part X · Balance sheet $135,266 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $207,479$135,266
X-3 Pledges and grants receivableStart of year $135,000$0
X-16 Total assetsStart of year $342,479$135,266
X-17 Accounts payable and accrued expensesStart of year $1,502$588
X-26 Total liabilitiesStart of year $1,502$588
X-27 Net assets without donor restrictionsStart of year $205,977$134,678
X-28 Net assets with donor restrictionsStart of year $135,000$0
X-32 Total net assets or fund balancesStart of year $340,977$134,678
X-33 Total liabilities and net assetsStart of year $342,479$135,266
Part XI · Reconciliation of net assets $134,678 net assets at year end
XI-1 Total revenue$6,255
XI-2 Total expenses$212,554
XI-3 Revenue less expenses−$206,299
XI-4 Net assets at start of year$340,977
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$134,678

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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