Civic Intelligence

Alternatives Venture Fund Inc

990 • Fiscal year 2017 • EIN 16-1568466

Jan 01, 2017 to Dec 31, 2017 • Filed on May 14, 2018

125 North Fulton StreetIthaca, NY 14850

(607) 216-3416

Siviq Scores

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

Liabilities / Assets

36th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S30 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

37th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • NTEE S30 • <$500k nonprofits • Source year 2017

Net Margin

17th percentile

-36%

Higher net margin than 17% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Source year 2017

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2017 filings • NTEE S30 • <$500k nonprofits • Source year 2017

Asset Growth

25th percentile

-17%

Faster asset growth than 25% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

-1.2%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • NTEE S30 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$163,250

Down $33,135 (-17%) from 2016

Net Assets

Down

$163,250

Down $33,135 (-17%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$92,807

Down $1,094 (-1.2%) from 2016

Expenses

Down

$125,943

Down $1,502 (-1.2%) from 2016

Net Income

Up

-$33,136

Up $408 (+1.2%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $268,336Liabilities 2011: $1,9332011Assets 2012: $251,148Liabilities 2012: $02012Assets 2013: $178,715Liabilities 2013: $02013Assets 2014: $290,032Liabilities 2014: $0Net Assets 2014: $290,0322014Assets 2015: $229,929Liabilities 2015: $0Net Assets 2015: $229,9292015Assets 2016: $196,385Liabilities 2016: $0Net Assets 2016: $196,3852016Assets 2017: $163,250Liabilities 2017: $0Net Assets 2017: $163,2502017Assets 2018: $189,532Liabilities 2018: $0Net Assets 2018: $189,5322018Assets 2019: $140,441Liabilities 2019: $0Net Assets 2019: $140,4412019Assets 2020: $884,485Liabilities 2020: $54,547Net Assets 2020: $829,9382020Assets 2021: $1,101,639Liabilities 2021: $374,049Net Assets 2021: $727,5902021Assets 2022: $397,154Liabilities 2022: $301,946Net Assets 2022: $95,2082022Assets 2023: $387,036Liabilities 2023: $316,732Net Assets 2023: $70,3042023Assets 2024: $441,540Liabilities 2024: $279,142Net Assets 2024: $162,3982024

Highlighted filing

2017

Assets$163,250
Liabilities$0
Net Assets$163,250

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $75,361Expenses 2011: $112,741Net Income 2011: -$37,3802011Revenue 2012: $34,055Expenses 2012: $49,309Net Income 2012: -$15,2542012Revenue 2013: $182,011Expenses 2013: $254,444Net Income 2013: -$72,4332013Revenue 2014: $253,768Expenses 2014: $142,242Net Income 2014: $111,5262014Revenue 2015: $85,301Expenses 2015: $145,403Net Income 2015: -$60,1022015Revenue 2016: $93,901Expenses 2016: $127,445Net Income 2016: -$33,5442016Revenue 2017: $92,807Expenses 2017: $125,943Net Income 2017: -$33,1362017Revenue 2018: $96,810Expenses 2018: $70,528Net Income 2018: $26,2822018Revenue 2019: $93,771Expenses 2019: $142,863Net Income 2019: -$49,0922019Revenue 2020: $1,042,881Expenses 2020: $358,633Net Income 2020: $684,2482020Revenue 2021: $212,132Expenses 2021: $313,978Net Income 2021: -$101,8462021Revenue 2022: $324,832Expenses 2022: $919,714Net Income 2022: -$594,8822022Revenue 2023: $147,326Expenses 2023: $172,229Net Income 2023: -$24,9032023Revenue 2024: $354,839Expenses 2024: $262,744Net Income 2024: $92,0952024

Highlighted filing

2017

Revenue$92,807
Expenses$125,943
Net Income-$33,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 14, 2018
Return Version
2017v2.2
Gross Receipts
$92,807
Mission and Program Overview

Mission

To provide access to resources, guidance and pathways to affordable and non-predatory lending products. Through small business development, education, and access to affordable capital, impact aims to reach low wealth and/or black, indigenous, and people of color (bipoc) communities, who have been traditionally underserved by the mainstream financial industry.

To provide access to financial and other productive resources for underserved populations in the local community and region. Financial education centered around individual development accounts, free tax preparation services in concert with vita, technical training for small businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$193,865$160,730▼ $33,135
Prepaid Expenses and Deferred Charges$2,520$2,520→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$196,385$163,250▼ $33,135
Liabilities
Accounts Payable and Accrued Expenses-$0-
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$152,944$137,626▼ $15,318
Unrestricted Net Assets$43,441$25,624▼ $17,817
Total Net Assets Fund Balance$196,385$163,250▼ $33,135
Total Liabilities and Net Assets / Fund Balance$196,385$163,250▼ $33,135

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$46,831$46,831
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$92,585
Program Service Revenue
$0
Investment Income
$222
Other Revenue
$0
All Other Contributions
$9,458
Change in Net Assets
$-33,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,892
Other Expenses$51,812
Salaries, Compensation, and Employee Benefits$16,239
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$57,892--$57,892
Fees for Services Other$48,033--$48,033
Other Salaries and Wages$15,747--$15,747
Office Expenses-$2,855-$2,855
Travel$533--$533
Payroll Taxes$492--$492
Insurance$316--$316
Fees for Services Accounting-$75-$75
Total Functional Expenses$123,013$2,930$0$125,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The organization provides a copy to the board before it is filed.

Form 990, Part VI, Section B, Line 12C

Annually the human resources director issues a conflict of interst policy to all staff and current board members for review. It is then monitored by the human resources director.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Alternatives Venture Fund Inc
EIN
16-1568466
Phone
6072163416
Address
125 NORTH FULTON STREET, ITHACA, NY 14850
Doing Business As
Alternatives Impact

Signing Officer

Name
Richard Furnas
Title
Treasurer
Phone
6072163416
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Furnas
Formed
1999
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
64

Preparer

Firm
Sciarabba Walker & Co Llp
Address
410 EAST UPLAND ROAD, ITHACA, NY 14850
Preparer
Evan W Ramiza
Phone
6072725550
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contractual expenses : program service expenses 48,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,033.

FORM 990, PART XI, LINE 9:

ROUNDING ADJUSTMENT 1.

Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION KEEPS WRITTEN DOCUMENTATION TO MONITOR THE USE OF GRANT FUNDING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY TO THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE HUMAN RESOURCES DIRECTOR ISSUES A CONFLICT OF INTERST POLICY TO ALL STAFF AND CURRENT BOARD MEMBERS FOR REVIEW. IT IS THEN MONITORED BY THE HUMAN RESOURCES DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTUAL EXPENSES : PROGRAM SERVICE EXPENSES 48,033. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,033.
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0152944
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0137626
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0196385
IRS990/TotalAssetsEOYAmt0163250
IRS990/TotalAssetsGrp/BOYAmt0196385
IRS990/TotalAssetsGrp/EOYAmt0163250
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt092585
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0123013
IRS990/TotalFunctionalExpensesGrp/TotalAmt0125943
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0196385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163250
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0123013
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092807
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt064
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0196385
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0163250
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0533
IRS990/TravelGrp/TotalAmt0533
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt043441
IRS990/UnrestrictedNetAssetsGrp/EOYAmt025624
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 NORTH FULTON STREET
IRS990/USAddress/CityNm0ITHACA
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014850
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ALTERNATIVES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD FURNAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06072163416
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALTERNATIVES VENTURE FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ALTE
ReturnHeader/Filer/EIN0161568466
ReturnHeader/Filer/PhoneNum06072163416
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 NORTH FULTON STREET
ReturnHeader/Filer/USAddress/CityNm0ITHACA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014850
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0EE36DDC8CB2242F830952143A27AB53A227FA9A9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0134A1EF4A99EFF687FE5F9B4D3BA1E0301F40DBA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.152.125.150
ReturnHeader/FilingSecurityInformation/IPDt02018-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:28:18
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161071694
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCIARABBA WALKER & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0410 EAST UPLAND ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ITHACA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014850
ReturnHeader/PreparerPersonGrp/PhoneNum06072725550
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EVAN W RAMIZA
ReturnHeader/ReturnTs02018-05-14T08:28:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.28$0.16$0.35$0.26$0.09
2023Summary only. Only limited summary data is available for this year.$0.39$0.32$0.07$0.15$0.17$0.02
2022Summary only. Only limited summary data is available for this year.$0.40$0.30$0.10$0.32$0.92$0.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.37$0.73$0.21$0.31$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.05$0.83$1.04$0.36$0.68
2019Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.09$0.14$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.10$0.07$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.09$0.13$0.03
2016Summary only. Only limited summary data is available for this year.$0.20$0.00$0.20$0.09$0.13$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.09$0.15$0.06
2014Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.25$0.14$0.11
2013Summary only. Only limited summary data is available for this year.$0.18$0.00$0.18$0.25$0.07
2012Summary only. Only limited summary data is available for this year.$0.25$0.00$0.03$0.05$0.02
2011Summary only. Only limited summary data is available for this year.$0.27$0.00$0.08$0.11$0.04