Civic Intelligence

Inveneo Inc

990 • Fiscal year 2012 • EIN 20-1663266

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 14, 2013

972 Mission Street 5th Floor94103
Siviq Scores

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

Liabilities / Assets

54th percentile

0.16x

Higher debt load relative to assets than 54% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

2nd percentile

-48%

Faster asset growth than 2% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,719,498

Down $1,597,259 (-48%) from 2011

Net Assets

Down

$1,451,975

Down $1,477,986 (-50%) from 2011

Liabilities

Down

$267,523

Down $119,273 (-31%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,989,143

Up $607,241 (+18%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $1,890,142Liabilities 2010: $232,089Net Assets 2010: $1,658,0532010Assets 2011: $3,316,757Liabilities 2011: $386,796Net Assets 2011: $2,929,9612011Assets 2012: $1,719,498Liabilities 2012: $267,523Net Assets 2012: $1,451,9752012Assets 2013: $509,635Liabilities 2013: $258,152Net Assets 2013: $251,4832013Assets 2014: $648,825Liabilities 2014: $775,618Net Assets 2014: -$126,7932014Assets 2015: $338,168Liabilities 2015: $251,228Net Assets 2015: $86,9402015Assets 2016: $64,940Liabilities 2016: $196,050Net Assets 2016: -$131,1102016Assets 2017: $135,649Liabilities 2017: $176,016Net Assets 2017: -$40,3672017Assets 2018: $164,304Liabilities 2018: $364,312Net Assets 2018: -$200,0082018Assets 2019: $57,698Liabilities 2019: $123,458Net Assets 2019: -$65,7602019Assets 2020: $11,641Liabilities 2020: $104,241Net Assets 2020: -$92,6002020Assets 2021: $17,034Liabilities 2021: $108,505Net Assets 2021: -$91,4712021

Highlighted filing

2012

Assets$1,719,498
Liabilities$267,523
Net Assets$1,451,975

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,968,9482010Revenue 2011: $4,653,810Expenses 2011: $3,381,902Net Income 2011: $1,271,9082011Expenses 2012: $3,989,1432012Revenue 2013: $2,232,764Expenses 2013: $3,433,256Net Income 2013: -$1,200,4922013Revenue 2014: $1,147,646Expenses 2014: $1,360,277Net Income 2014: -$212,6312014Revenue 2015: $1,983,161Expenses 2015: $1,769,428Net Income 2015: $213,7332015Revenue 2016: $454,250Expenses 2016: $672,300Net Income 2016: -$218,0502016Revenue 2017: $435,070Expenses 2017: $344,327Net Income 2017: $90,7432017Revenue 2018: $127,414Expenses 2018: $287,055Net Income 2018: -$159,6412018Revenue 2019: $446,601Expenses 2019: $312,353Net Income 2019: $134,2482019Revenue 2020: $4,695Expenses 2020: $31,535Net Income 2020: -$26,8402020Revenue 2021: $14,882Expenses 2021: $13,884Net Income 2021: $9982021

Highlighted filing

2012

Revenue-
Expenses$3,989,143
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 14, 2013
Return Version
2012v2.1
Gross Receipts
$3,021,253
Mission and Program Overview

Mission

Inveneo gets the tools of information and communications technology (ICTS) - sustainable computing and better internet access - out to people and organizations who need it most in rural and highly underserved areas in the developing world to transform lives through better access to education, healthcare, economic opportunity and faster relief.

Major Activities

Activity 2
Haiti - through the haiti connected cities and haiti connected schools programs, inveneo is leading efforts to transform access to broadband and education through icts. Through haiti connected cities, inveneo is delivering a financially sustainable broadband services model to 6 regions and over 20 population centers in rural haiti. This effort includes partnering with local internet service providers, deploying a shared broadband network throughout haiti, training local youth to deliver broadband though a program called bati, building a network operations center and implementing a governance framework with the local isps to transfer ownership of the operation locally. Through the connected schools program, inveneo is working with microsoft, hp, world vision and voila (now digicel) to deliver 40 solar-powered computer labs in rural schools that will be connected to the broadband network.intel haiti digital literacy program: inveneo designed and is leading the intel haiti digital literacy program, which is leveraging the haiti connected schools program by designing and implementing a program that provides digital literacy for job skills to communities in and around 20 of the schools which have computers labs. Inveneo is training 50 teachers and bati to give classes in digital literacy and is also working with the schools to turn these programs into income earning opportunities for the school to enable long term sustainability for the cost of maintaining the labs and internet access. The goal is to have 1000 community members trained by 2013.
Activity 3
Direct services - inveneo provides expert guidance, systems integration and project management for implementing sustainable ict projects for non-governmental and government organizations for project in developing countries, to that these organizations can use ict more effectively to deliver education, healthcare, economic development and relief programs. We employ a solutions based approach, focusing on understanding the goals of the organization and end users so we can design computing, networking and internet access solutions to help achieve their goals. We assess current environment, facilities, power, connectivity, know-how and security. We identify approaches that address the challenges such as unreliable power, tight operating budgets and lack of support resources and make recommendations that include hardware, software and power systems, design and integration, system implementation, training and local support with our partners. In all of our projects we endeavor to work with our local partners loosely to ensure sustainable design.highlights of projects we are currently implementing include:- tanzania for the 21st century - a project led by creative associates and funded by usaid to improve early grade reading skills, where inveneo and its partner will design and implement solar-powered computer labs and other technical solutions to 900+ primary schools in the poorest performing districts in tanzania.- internet now! - a project to design, deliver and connect 100 community centers to provide agricultural information and digital microwork opportunities, where inveneo and our local partner will implement the computer labs and broadband network for connectivity.
Filing and Contact Details

Filer

EIN
20-1663266
Raw XML AppendixShowing 400 of 573 raw XML fields

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IRS990/Activity2/Description0HAITI - THROUGH THE HAITI CONNECTED CITIES AND HAITI CONNECTED SCHOOLS PROGRAMS, INVENEO IS LEADING EFFORTS TO TRANSFORM ACCESS TO BROADBAND AND EDUCATION THROUGH ICTS. THROUGH HAITI CONNECTED CITIES, INVENEO IS DELIVERING A FINANCIALLY SUSTAINABLE BROADBAND SERVICES MODEL TO 6 REGIONS AND OVER 20 POPULATION CENTERS IN RURAL HAITI. THIS EFFORT INCLUDES PARTNERING WITH LOCAL INTERNET SERVICE PROVIDERS, DEPLOYING A SHARED BROADBAND NETWORK THROUGHOUT HAITI, TRAINING LOCAL YOUTH TO DELIVER BROADBAND THOUGH A PROGRAM CALLED BATI, BUILDING A NETWORK OPERATIONS CENTER AND IMPLEMENTING A GOVERNANCE FRAMEWORK WITH THE LOCAL ISPS TO TRANSFER OWNERSHIP OF THE OPERATION LOCALLY. THROUGH THE CONNECTED SCHOOLS PROGRAM, INVENEO IS WORKING WITH MICROSOFT, HP, WORLD VISION AND VOILA (NOW DIGICEL) TO DELIVER 40 SOLAR-POWERED COMPUTER LABS IN RURAL SCHOOLS THAT WILL BE CONNECTED TO THE BROADBAND NETWORK.INTEL HAITI DIGITAL LITERACY PROGRAM: INVENEO DESIGNED AND IS LEADING THE INTEL HAITI DIGITAL LITERACY PROGRAM, WHICH IS LEVERAGING THE HAITI CONNECTED SCHOOLS PROGRAM BY DESIGNING AND IMPLEMENTING A PROGRAM THAT PROVIDES DIGITAL LITERACY FOR JOB SKILLS TO COMMUNITIES IN AND AROUND 20 OF THE SCHOOLS WHICH HAVE COMPUTERS LABS. INVENEO IS TRAINING 50 TEACHERS AND BATI TO GIVE CLASSES IN DIGITAL LITERACY AND IS ALSO WORKING WITH THE SCHOOLS TO TURN THESE PROGRAMS INTO INCOME EARNING OPPORTUNITIES FOR THE SCHOOL TO ENABLE LONG TERM SUSTAINABILITY FOR THE COST OF MAINTAINING THE LABS AND INTERNET ACCESS. THE GOAL IS TO HAVE 1000 COMMUNITY MEMBERS TRAINED BY 2013.
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IRS990/Activity3/Description0DIRECT SERVICES - INVENEO PROVIDES EXPERT GUIDANCE, SYSTEMS INTEGRATION AND PROJECT MANAGEMENT FOR IMPLEMENTING SUSTAINABLE ICT PROJECTS FOR NON-GOVERNMENTAL AND GOVERNMENT ORGANIZATIONS FOR PROJECT IN DEVELOPING COUNTRIES, TO THAT THESE ORGANIZATIONS CAN USE ICT MORE EFFECTIVELY TO DELIVER EDUCATION, HEALTHCARE, ECONOMIC DEVELOPMENT AND RELIEF PROGRAMS. WE EMPLOY A SOLUTIONS BASED APPROACH, FOCUSING ON UNDERSTANDING THE GOALS OF THE ORGANIZATION AND END USERS SO WE CAN DESIGN COMPUTING, NETWORKING AND INTERNET ACCESS SOLUTIONS TO HELP ACHIEVE THEIR GOALS. WE ASSESS CURRENT ENVIRONMENT, FACILITIES, POWER, CONNECTIVITY, KNOW-HOW AND SECURITY. WE IDENTIFY APPROACHES THAT ADDRESS THE CHALLENGES SUCH AS UNRELIABLE POWER, TIGHT OPERATING BUDGETS AND LACK OF SUPPORT RESOURCES AND MAKE RECOMMENDATIONS THAT INCLUDE HARDWARE, SOFTWARE AND POWER SYSTEMS, DESIGN AND INTEGRATION, SYSTEM IMPLEMENTATION, TRAINING AND LOCAL SUPPORT WITH OUR PARTNERS. IN ALL OF OUR PROJECTS WE ENDEAVOR TO WORK WITH OUR LOCAL PARTNERS LOOSELY TO ENSURE SUSTAINABLE DESIGN.HIGHLIGHTS OF PROJECTS WE ARE CURRENTLY IMPLEMENTING INCLUDE:- TANZANIA FOR THE 21ST CENTURY - A PROJECT LED BY CREATIVE ASSOCIATES AND FUNDED BY USAID TO IMPROVE EARLY GRADE READING SKILLS, WHERE INVENEO AND ITS PARTNER WILL DESIGN AND IMPLEMENT SOLAR-POWERED COMPUTER LABS AND OTHER TECHNICAL SOLUTIONS TO 900+ PRIMARY SCHOOLS IN THE POOREST PERFORMING DISTRICTS IN TANZANIA.- INTERNET NOW! - A PROJECT TO DESIGN, DELIVER AND CONNECT 100 COMMUNITY CENTERS TO PROVIDE AGRICULTURAL INFORMATION AND DIGITAL MICROWORK OPPORTUNITIES, WHERE INVENEO AND OUR LOCAL PARTNER WILL IMPLEMENT THE COMPUTER LABS AND BROADBAND NETWORK FOR CONNECTIVITY.
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IRS990/ActivityOrMissionDescription0INVENEO'S MISSION IS TO GET THE TOOLS OF INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICTS) - SUSTAINABLE COMPUTING AND BETTER INTERNET ACCESS - OUT TO PEOPLE AND ORGANIZATIONS WHO NEED IT MOST IN RURAL AND HIGHLY UNDERSERVED AREAS IN THE DEVELOPING WORLD TO TRANSFORM LIVES THROUGH BETTER ACCESS TO EDUCATION, HEALTHCARE, ECONOMIC OPPORTUNITY AND FASTER RELIEF.
IRS990/ActivityOther/Description0INVENEO ENTERED INTO A FISCAL SPONSORSHIP GRANT AGREEMENT WITH A NON-AFFILIATED ENTITY TO MANAGE A PROJECT REFERRED TO AS "WE CARE SOLAR" (WOMEN'S EMERGENCY COMMUNICATION AND RELIABLE ELECTRICITY. THIS PROJECT FURTHERS INVENEO'S MISSION TO BRING TOOLS OF INFORMATION AND COMMUNICATIONS TECHNOLOGY TO PEOPLE AND ORGANIZATIONS WHO NEED IT MOST IN RURAL AND HIGHLY UNDERSERVED AREAS IN THE DEVELOPING WORLD. THIS AGREEMENT ENDED IN 2013.
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IRS990/Description0INVENEO PARTNER PROGRAM (ICIP/ICT/BROADBAND) - INVENEO TRAINS AND PARTNERS WITH ICT PROFESSIONALS ACROSS AFRICA, ASIA PACIFIC, THE MIDDLE EAST AND THE CARIBBEAN THROUGH ITS INVENEO PARTNER PROGRAMS. FOR THE MAJORITY OF IT'S PROGRAM, INVENEO RECRUITS, VETS, TRAINS, CERTIFIES AND ENTERS INTO LONG TERM PARTNERSHIP WITH SMALL AND MEDIUM SIZED IT ENTREPRENEURS, CALLED INVENEO CERTIFIED ICT PARTNERS (ICIPS). WE DELIVER A FORMAL TRAINING PROCESS AND CERTIFICATION PROCESS TO EMPOWER THESE IN-COUNTRY ICT ENTREPRENEURS WITH THE TOOLS, SKILLS AND ONGOING SUPPORT TO IMPLEMENT SUSTAINABLE COMPUTING AND CONNECTIVITY SOLUTIONS FOR ORGANIZATIONS OPERATING IN RURAL AND UNDERSERVED COMMUNITIES. THIS TRAINING AND SUPPORT ENABLES THEM TO BID UPON AND AND BE PAID FOR TECHNOLOGY DEPLOYMENTS USING THE SKILLS GAINED FROM INVENEO AND THE EQUIPMENT RECOMMENDED AND CERTIFIED BY INVENEO. WITH THIS APPROACH, ORGANIZATIONS GET LOCALLY AFFORDABLE AND SUSTAINABLE PROJECTS. ANOTHER PARTNER PROGRAM, CALLED THE INVENEO START-IP ENTREPRENEURS (ITSE), INVENEO RECRUITS, VETS AND TRAINS NEW ICT ENTREPRENEURS AS TECHNICIANS AND TRAINERS. TYPICALLY, THE ITSES ARE INDIVIDUALS (OFTEN YOUTH) IN RURAL AREAS WHO HAVE SOME FORMAL ICT TRANING AND STRONG INTEREST IN BECOMING ENTREPRENEURS IN THEIR COMMUNITY. WE PROVIDE ISSUE SPECIFIC SKILLS (TRAINING FOR BROADBAND SET-UP, TEACHER TRAINING, COMMUNITY TRAINING) SO THAT THEY CAN IMPLEMENT ICT PROGRAMS IN THEIR RURAL AREAS AND BUILD SMALL BUSINESSES AROUND THAT OPPORTUNITY. THIS APPROACH IMPROVES LOCAL EXPERTISE, OPENS NEW MARKET OPPORTUNITIES FOR THE ITSES AND HELP BUILD THE LOCAL ICT ECONOMY.BROADBAND FOR GOOD, 2011(4Q)-2015: THROUGH BROADBAND FOR GOOD, INVENEO'S GOAL IS TO ACCELERATE ACCESS TO HIGH QUALITY BROADBAND SERVICES IN UNDERSERVED REGIONS. THE CONNECTIVITY WILL BE USED TO DRIVE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH ACCESS TO IMPROVED EDUCATION AND HEALTH SERVICES, BETTER ECONOMIC OPPORTUNITY AND FASTER RELIEF. WITH BROADBAND FOR GOOD, INVENEO IS DESIGNING AND DEMONSTRATING A FRAMEWORK/PROCESS FOR FINANCIALLY SUSTAINABLE MODELS FOR DELIVERING BROADBAND BEYOND ITS CURRENT REACH, USING RADICALLY LOWER COST TECHNOLOGIES AND DELIVERY ECOSYSTEMS BY BUILDING CAPACITY AND ICT JOBS FOR LOCAL ICT ENTREPRENEURS AND RURAL YOUTH. WE WILL BE FIELDING DEMONSTRATIONS THAT CAN BE ADOPTED AND SCALED LOCALLY - IN APPROXIMATELY 10 LOCATIONS AND REGIONS - STARTING IN DADAAB, KENYA.
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IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years0987952
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IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear02024913
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IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years0975151
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IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0IN APRIL 2010, THE ORGANIZATION ENTERED INTO A FISCAL SPONSORSHIP GRANT AGREEMENT WITH A NON-AFFILIATED ENTITY TO MANAGE A PROJECT REFERRED TO AS "WE CARE" (WOMEN'S EMERGENCY COMMUNICATION AND RELIABLE ELECTRICITY) SOLAR. THE ORGANIZATION BELIEVES THAT THE WE CARE SOLAR PROJECT FURTHERS ITS TAX-EXEMPT PURPOSE. WE CARE SOLAR HAS OBTAINED FINANCIAL SUPPORT IN THE FORM OF CONTRIBUTIONS AND GRANTS WHICH ARE RECEIVED AND RECOGNIZED AS INCOME BY INVENEO, INC., WHEN THEY ARE UNCONDITIONALLY COMMUNICATED. THE ORGANIZATION, AS THE FISCAL SPONSOR, RECORDS ALL REVENUE AND EXPENSES OF THE WE CARE SOLAR PROJECT AS A SEPARATE PROGRAM. THE PROGRAM IS CONTRACTUALLY MANAGED BY A NON-AFFILIATED THIRD PARTY UNDER THE AUSPICES OF THE ORGANIZATION. IN ACCORDANCE WITH THE FISCAL SPONSOR GRANT AGREEMENT, A SEGRAGATED BANK ACCOUNT HAS BEEN ESTABLISHED TO RECEIVE AND DISBURSE FUNDS FOR THIS PROGRAM. THE ORGANIZATION IS ENTITLED TO AN ADMINISTRATIVE FEE EQUIVALENT TO 5% OF ALL PROGRAM COSTS EXPENDED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2008 THROUGH 2011 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2COST OF GOODS SOLD
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation3COST OF GOODS SOLD
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART IV, LINE 1B:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference1PART X, LINE 2:
IRS990ScheduleD/IncludedOnFS00
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IRS990ScheduleD/OtherLiabilities/Amount112459
IRS990ScheduleD/OtherLiabilities/Description0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilities/Description1SUB-TENANT LEASE DEPOSITS
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IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfEmployees026
IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfEmployees110
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IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfOffices00
IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfOffices10
IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfOffices20
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IRS990ScheduleF/AcctsActvsOutUSTable/Region1SUB SAHARAN
IRS990ScheduleF/AcctsActvsOutUSTable/Region2SUB SAHARAN
IRS990ScheduleF/AcctsActvsOutUSTable/SpecificServicesProvided0DIRECT SERVICES

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