Civic Intelligence

Salt Ventures Nfp

990 • Fiscal year 2022 • EIN 20-8991904

Jan 01, 2022 to Dec 31, 2022 • Filed on May 25, 2024

2206 N Main Street No 166Wheaton, IL 60187

(630) 398-0726

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

28th percentile

-7.8%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

85th percentile

$21,500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

7th percentile

-65%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

3.4%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$19,389

Down $35,696 (-65%) from 2021

Net Assets

Down

$19,389

Down $35,696 (-65%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$455,198

Up $15,021 (+3.4%) from 2021

Expenses

Up

$490,894

Up $43,732 (+9.8%) from 2021

Net Income

Down

-$35,696

Down $28,711 (-411%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2000: $19,321Liabilities 2000: $02000Assets 2009: $11,686Liabilities 2009: $02009Assets 2010: $19,321Liabilities 2010: $02010Assets 2011: $31,516Liabilities 2011: $5,000Net Assets 2011: $26,5162011Assets 2013: $20,693Liabilities 2013: $02013Assets 2014: $3,155Net Assets 2014: $3,1552014Assets 2015: $16,424Liabilities 2015: $0Net Assets 2015: $16,4242015Assets 2016: $25,057Liabilities 2016: $1,966Net Assets 2016: $23,0912016Assets 2018: $50,788Liabilities 2018: $0Net Assets 2018: $50,7882018Assets 2019: $70,356Liabilities 2019: $0Net Assets 2019: $70,3562019Assets 2020: $62,070Liabilities 2020: $0Net Assets 2020: $62,0702020Assets 2021: $55,085Liabilities 2021: $0Net Assets 2021: $55,0852021Assets 2022: $19,389Liabilities 2022: $0Net Assets 2022: $19,3892022Assets 2023: $19,446Liabilities 2023: $0Net Assets 2023: $19,4462023Assets 2024: $7,348Liabilities 2024: $0Net Assets 2024: $7,3482024

Highlighted filing

2022

Assets$19,389
Liabilities$0
Net Assets$19,389

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2000: $198,044Expenses 2000: $190,409Net Income 2000: $7,6352000Revenue 2009: $209,432Expenses 2009: $225,793Net Income 2009: -$16,3612009Revenue 2010: $198,044Expenses 2010: $190,409Net Income 2010: $7,6352010Revenue 2011: $227,074Expenses 2011: $219,879Net Income 2011: $7,1952011Revenue 2013: $161,571Expenses 2013: $167,394Net Income 2013: -$5,8232013Revenue 2014: $193,749Expenses 2014: $196,042Net Income 2014: -$2,2932014Revenue 2015: $210,384Expenses 2015: $197,115Net Income 2015: $13,2692015Revenue 2016: $204,572Expenses 2016: $198,085Net Income 2016: $6,4872016Revenue 2018: $404,728Expenses 2018: $378,521Net Income 2018: $26,2072018Revenue 2019: $298,274Expenses 2019: $278,706Net Income 2019: $19,5682019Revenue 2020: $381,111Expenses 2020: $384,564Net Income 2020: -$3,4532020Revenue 2021: $440,177Expenses 2021: $447,162Net Income 2021: -$6,9852021Revenue 2022: $455,198Expenses 2022: $490,894Net Income 2022: -$35,6962022Revenue 2023: $470,927Expenses 2023: $470,870Net Income 2023: $572023Revenue 2024: $481,688Expenses 2024: $493,786Net Income 2024: -$12,0982024

Highlighted filing

2022

Revenue$455,198
Expenses$490,894
Net Income-$35,696
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 25, 2024
Return Version
2022v5.0
Gross Receipts
$455,198
Mission and Program Overview

Mission

Work with local churches and other charities to make disciplines in the community, the workplace and among the poor. We engage in education, leadership training, economic development, community service, church development, and emergency relief. We undertake these activities to earn the right to share the christian faith with people we meet.

Christian evangelism, community development, training, and social programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$44,540$19,277▼ $25,263
Savings and Temporary Cash Investments$10,545$112▼ $10,433
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$55,085$19,389▼ $35,696
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability-$0-
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$55,085$19,389▼ $35,696
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$55,085$19,389▼ $35,696
Total Liabilities and Net Assets / Fund Balance$55,085$19,389▼ $35,696
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert B FaberPresidentFT$21,500$21,500

Board Members and Trustees

NameTitle
Claudia RootDirector
Daniel KallalDirector
Mark MacyDirector
Richard PoppDirector
Scott MoreauDirector
Stoyan LalevDirector
Kimberly CrispinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$455,198
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$455,198
Change in Net Assets
$-35,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$204,809
Salaries, Compensation, and Employee Benefits$161,047
Other Expenses$125,038
Total Fundraising Expense$25,297
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$204,809--$204,809
Other Salaries and Wages$88,412$0$0$88,412
Travel$24,975$8,511$8,511$41,996
Other Employee Benefits$19,105$2,530$2,530$24,165
Current Officers, Directors, Trustees, and Key Employees$10,750$5,375$5,375$21,500
Payroll Taxes$14,753$416$416$15,575
Pension Plan Contributions$5,698$2,849$2,849$11,395
Fees for Services Accounting$10,626$0$0$10,626
Fees for Services Other$9,465$360$360$10,185
Conferences and Meetings$1,937$968$968$3,873
Information Technology$2,851$450$450$3,751
Occupancy$1,590$795$795$3,180
Advertising$3,112$0$0$3,112
Office Expenses$1,380$323$323$2,026
Other Expenses$692$346$346$1,384
Fees for Services Legal$16$8$8$31
Total Functional Expenses$440,314$25,297$25,297$490,894
International Activity

International Summary

Offices
1
Employees
6
Spending
$440,312

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeGrants and ServicesEducation, Evangelism, Community Development, Social Services, Public Health16$335,617
AsiaGrantsEducation, Evangelism and Public Health00$99,374
GrantsGrantsEducation, Evangelism, Social Services00$5,321
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Governance Explanations

Part VI Line 15B

The board's compensation committee, made up entirely of independent directors, is responsible for reviewing and setting compensation for key employees.

Part VI Line 12C

We require a lit of potential conflicts to be submitted once annually, along with a review of all transactions (if any).

Part VI Line 11A

The board of directors reviews a draft of the annual results before the 990 is filed. The completed form is reviewed by at least one independent director before submission, and the submitted form 990 is distributed to the board for discussion at its next regularly scheduled board meeting.

Part VI Line 19

All Salt Ventures documentation is available by request through our website.

Filing and Contact Details

Filer

Filer Name
Salt Ventures NFP
EIN
20-8991904
Phone
6303980726
Address
2206 N Main Street No 166, Wheaton, IL 60187
Doing Business As
Salt Ventures NFP

Signing Officer

Name
Robert Faber
Title
President
Phone
6303980726
Signed
2024-05-25

Organization Details

Principal Officer
Robert B Faber
Formed
2007
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
6
Volunteers
35
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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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IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MissionDesc0Salt Ventures works through local churches to make disciples in the community, at the workplace, and among the poor. It engages in educational programs, leadership training, community development, church ministry, and emergency recovery. Salt Ventures undertakes these activities to help needy people and earn the right to share our Christian faith with them.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt055085
IRS990/NetAssetsOrFundBalancesEOYAmt019389
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt055085
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019389
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0795
IRS990/OccupancyGrp/ManagementAndGeneralAmt0795
IRS990/OccupancyGrp/ProgramServicesAmt01590
IRS990/OccupancyGrp/TotalAmt03180
IRS990/OfficeExpensesGrp/FundraisingAmt0323
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0323
IRS990/OfficeExpensesGrp/ProgramServicesAmt01380
IRS990/OfficeExpensesGrp/TotalAmt02026
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02530
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02530
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019105
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024165
IRS990/OtherExpensesGrp/Desc0Program Materials, Supplies, and expenses
IRS990/OtherExpensesGrp/Desc1Communications
IRS990/OtherExpensesGrp/Desc2Subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt12366
IRS990/OtherExpensesGrp/FundraisingAmt2346
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12366
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2346
IRS990/OtherExpensesGrp/ProgramServicesAmt035411
IRS990/OtherExpensesGrp/ProgramServicesAmt14732
IRS990/OtherExpensesGrp/ProgramServicesAmt2692
IRS990/OtherExpensesGrp/TotalAmt035411
IRS990/OtherExpensesGrp/TotalAmt19463
IRS990/OtherExpensesGrp/TotalAmt21384
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt088412
IRS990/OtherSalariesAndWagesGrp/TotalAmt088412
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0416
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0416
IRS990/PayrollTaxesGrp/ProgramServicesAmt014753
IRS990/PayrollTaxesGrp/TotalAmt015575
IRS990/PensionPlanContributionsGrp/FundraisingAmt02849
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02849
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05698
IRS990/PensionPlanContributionsGrp/TotalAmt011395
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrincipalOfficerNm0Robert B Faber
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt10
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt20
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0The Asia Program supports evangelism, education, community development, and public health programs through partners in Asia.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt099374
IRS990/ProgSrvcAccomActy2Grp/GrantAmt099374
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0The Africa Program supports community development programs and evangelistic activities through local churches and organizations such as the Pink Foundation Nigeria.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05321
IRS990/ProgSrvcAccomActy3Grp/GrantAmt05321
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0440177
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0264534
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0106990
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$4.82$4.94$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$4.71$4.71$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$4.55$4.91$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$4.40$4.47$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$3.81$3.85$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$2.98$2.79$0.20
2018Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$4.05$3.79$0.26
2016Summary only. Only limited summary data is available for this year.$0.25$0.02$0.23$2.05$1.98$0.06
2015Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$2.10$1.97$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.03$1.94$1.96$0.02
2013Summary only. Only limited summary data is available for this year.$0.21$0.00$1.62$1.67$0.06
2011Summary only. Only limited summary data is available for this year.$0.32$0.05$0.27$2.27$2.20$0.07
2010Summary only. Only limited summary data is available for this year.$0.19$0.00$1.98$1.90$0.08
2009Summary only. Only limited summary data is available for this year.$0.12$0.00$2.09$2.26$0.16
2000Summary only. Only limited summary data is available for this year.$0.19$0.00$1.98$1.90$0.08