Collaboration Sciences Inc Dba Cowork Connection Plus

Nonprofit profile at a glance

EIN
473250984
IRS 990-EZ coverage
2016–2019
Forms available
Form 990-EZ 2019, Form 990-N 2015
Location
Lawrenceville, NJ, USA
Phone
6096374907
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Interdisciplinary Research

Reported finances

Revenue
$13,354
Expenses
$7,682
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • THOMAS ROMANO (CEO)

People named in this filing

  • THOMAS ROMANO (CEO)
  • RAJESWARI SATHAPPAN (TREASURER)
  • SCOTT NELSON (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Collaboration sciences inc.'s mission is the provide affordable and flexible office space to nonprofit and community based organizations. It's members' are interested in two key business interests: reducing overhead and occupancy costs so that a greater percentage of their donor funds can be applied directly to their mission and finding collaboration opportunities with other organizations to serve a larger population.

What it reported doing in 2019

Collaboration sciences is providing office space and related services that the members only pay for when they use them. There is no lease or long-term commitment by the member and they can expand and contract space in increments for as little as 1 hour. These organizations are able to utilize common areas for collaborating and networking opportunities.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 42.5%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -64.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -47.9% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -80.1% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2016 to 2019
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.