Civic Intelligence

The Welcome Project Inc

990 • Fiscal year 2019 • EIN 04-3088140

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 14, 2020

530 Mystic AvenueSomerville, MA 02145

(617) 623-6633

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.15x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Assets

Up

$232,978

Up $71,216 (+44%) from 2017

Net Assets

Up

$198,964

Up $83,710 (+73%) from 2017

Liabilities

Down

$34,014

Down $12,494 (-27%) from 2017

Revenue

Up

$323,994

Up $115,580 (+55%) from 2017

Expenses

Up

$319,923

Up $171,452 (+115%) from 2017

Net Income

Down

$4,071

Down $55,872 (-93%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $134,492Liabilities 2011: $12,063Net Assets 2011: $122,4292011Assets 2012: $91,079Liabilities 2012: $8,851Net Assets 2012: $82,2282012Assets 2013: $96,118Liabilities 2013: $17,351Net Assets 2013: $78,7672013Assets 2014: $93,569Liabilities 2014: $11,128Net Assets 2014: $82,4412014Assets 2015: $105,489Liabilities 2015: $15,761Net Assets 2015: $89,7282015Assets 2017: $161,762Liabilities 2017: $46,508Net Assets 2017: $115,2542017Assets 2019: $232,978Liabilities 2019: $34,014Net Assets 2019: $198,9642019Assets 2020: $309,270Liabilities 2020: $91,423Net Assets 2020: $217,8472020Assets 2021: $531,986Liabilities 2021: $13,252Net Assets 2021: $518,7342021Assets 2022: $844,126Liabilities 2022: $43,635Net Assets 2022: $800,4912022Assets 2023: $584,968Liabilities 2023: $70,404Net Assets 2023: $514,5642023Assets 2024: $435,538Liabilities 2024: $23,425Net Assets 2024: $412,1132024

Highlighted filing

2019

Assets$232,978
Liabilities$34,014
Net Assets$198,964

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $213,602Expenses 2011: $185,741Net Income 2011: $27,8612011Revenue 2012: $182,359Expenses 2012: $222,560Net Income 2012: -$40,2012012Revenue 2013: $177,752Expenses 2013: $178,951Net Income 2013: -$1,1992013Revenue 2014: $185,635Expenses 2014: $181,961Net Income 2014: $3,6742014Revenue 2015: $193,175Expenses 2015: $185,888Net Income 2015: $7,2872015Revenue 2017: $208,414Expenses 2017: $148,471Net Income 2017: $59,9432017Revenue 2019: $323,994Expenses 2019: $319,923Net Income 2019: $4,0712019Revenue 2020: $484,933Expenses 2020: $466,050Net Income 2020: $18,8832020Revenue 2021: $989,200Expenses 2021: $684,250Net Income 2021: $304,9502021Revenue 2022: $966,254Expenses 2022: $685,171Net Income 2022: $281,0832022Revenue 2023: $644,402Expenses 2023: $934,332Net Income 2023: -$289,9302023Revenue 2024: $612,589Expenses 2024: $720,191Net Income 2024: -$107,6022024

Highlighted filing

2019

Revenue$323,994
Expenses$319,923
Net Income$4,071
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 14, 2020
Return Version
2018v3.1
Gross Receipts
$335,112
Mission and Program Overview

Mission

The welcome project strengthens the voice and collective power of somerville immigrants to participate in and shape community decisions.

The welcome project strengthens the voice and collective power of immigrants to participate in and shape community decisions

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$123,388$127,111▲ $3,723
Investments in Publicly Traded Securities$45,562$60,101▲ $14,539
Pledges and Grants Receivable$2,419$24,992▲ $22,573
Accounts Receivable$36,196$16,280▼ $19,916
Land, Buildings, and Equipment, Net-$2,969-
Prepaid Expenses and Deferred Charges$1,525$1,525→ $0
Total Assets$209,090$232,978▲ $23,888
Liabilities
Deferred Revenue-$22,500-
Accounts Payable and Accrued Expenses$14,197$11,514▼ $2,683
Total Liabilities$14,197$34,014▲ $19,817
Net Assets / Fund Balance
Unrestricted Net Assets$194,893$198,964▲ $4,071
Total Net Assets Fund Balance$194,893$198,964▲ $4,071
Total Liabilities and Net Assets / Fund Balance$209,090$232,978▲ $23,888

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,969$14,455-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$289,525
Program Service Revenue
$9,453
Investment Income
$0
Other Revenue
$25,016
All Other Contributions
$289,525
Change in Net Assets
$4,071
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,641
Other Expenses$74,282
Total Fundraising Expense$29,197
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$183,689$0$20,638$204,327
All Other Expenses$28,968$10,799$491$40,258
Other Employee Benefits$14,345$196$2,273$16,814
Payroll Taxes$14,248$195$2,257$16,700
Fees for Services Accounting$10,025$137$1,588$11,750
Travel$7,973$0$0$7,973
Current Officers, Directors, Trustees, and Key Employees$3,900$1,950$1,950$7,800
Insurance$0$2,427$0$2,427
Advertising$0$1,828$0$1,828
Other Expenses$622$0$0$622
Depreciation Depletion$0$156$0$156
Total Functional Expenses$267,718$23,008$29,197$319,923
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$33,418
Fundraising Direct Expenses$11,118
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Welcome Project Inc
EIN
04-3088140
Phone
6176236633
Address
530 MYSTIC AVENUE, SOMERVILLE, MA 02145

Signing Officer

Name
Ben Echevarria
Title
Executive Director
Phone
6176236633
Signed
2020-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Echevarria
Formed
1990
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
12
Volunteers
40

Preparer

Firm
P Neupane CPA
Address
407R Mystic Avenue Suite 26, Medford, MA 02155
Preparer
Pushkar Neupane
Phone
6179969123
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

First fully approved by Executive Committee and Emailed to full board

Pt VI, Line 19

Upon request

Pt VI, Line 12C

Periodic review and assessment

Pt VI, Line 15B

Industry payscale researched and renumaration are to be approved by executive committe first and then by the full board

Pt VI, Line 15A

ndustry payscale researched and renumaration are to be approved by executive committe first and then by the full board

Form 990, Part IX, Line 24E

Subscription 730. 0. 730. 0.

Form 990, Part IX, Line 24E

Food expenses 11434. 10291. 1143. 0.

Form 990, Part IX, Line 24E

Membership fees 999. 749. 250. 0.

Form 990, Part IX, Line 24E

Fiscal sponsorship 6577. 6577. 0. 0.

Form 990, Part IX, Line 24E

Program expenses 2150. 2150. 0. 0.

Form 990, Part IX, Line 24E

POSTAGE 767. 0. 767. 0.

Form 990, Part IX, Line 24E

Printing 3251. 2000. 1251. 0.

Form 990, Part IX, Line 24E

Stationary,supplies & small equipment 7235. 6710. 525. 0.

Form 990, Part IX, Line 24E

Telephone,internet,cable 1473. 491. 491. 491.

Form 990, Part IX, Line 24E

Website design 798. 0. 798. 0.

Form 990, Part IX, Line 24E

Other expenses 4844. 0. 4844. 0.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0325214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0657610
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0325214
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0657610
IRS990ScheduleA/TotalSupportAmt0657610
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt014455
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02969
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0First fully approved by Executive Committee and Emailed to full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Periodic review and assessment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Industry payscale researched and renumaration are to be approved by executive committe first and then by the full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ndustry payscale researched and renumaration are to be approved by executive committe first and then by the full board
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOOD EXPENSES 11434. 10291. 1143. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MEMBERSHIP FEES 999. 749. 250. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FISCAL SPONSORSHIP 6577. 6577. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PROGRAM EXPENSES 2150. 2150. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10POSTAGE 767. 0. 767. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PRINTING 3251. 2000. 1251. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12STATIONARY,SUPPLIES & SMALL EQUIPMENT 7235. 6710. 525. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13TELEPHONE,INTERNET,CABLE 1473. 491. 491. 491.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14WEBSITE DESIGN 798. 0. 798. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15OTHER EXPENSES 4844. 0. 4844. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
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IRS990/TotalLiabilitiesEOYAmt034014
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IRS990/TotalProgramServiceRevenueAmt09453
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012169
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323994
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BEN ECHEVARRIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

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