Civic Intelligence

Vestedin

990 • Fiscal year 2021 • EIN 23-2855262

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 15, 2022

Organization Profilevestedin.org
3675 Market StreetPhiladelphia, PA 19104

(215) 452-0100

Siviq Scores

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

Liabilities / Assets

46th percentile

0.10x

Higher debt load relative to assets than 46% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

85th percentile

46%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

42nd percentile

$102,017

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

78th percentile

27%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

447%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$7,822,059

Up $1,644,909 (+27%) from 2020

Net Assets

Up

$7,028,349

Up $1,521,805 (+28%) from 2020

Liabilities

Up

$793,710

Up $123,104 (+18%) from 2020

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin85th percentile

Revenue

Up

$3,282,624

Up $2,682,527 (+447%) from 2020

Expenses

Up

$1,760,819

Up $883,784 (+101%) from 2020

Net Income

Up

$1,521,805

Up $1,798,743 (+650%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$10M$5.0M$0Assets 2011: $8,408,254Liabilities 2011: $181,972Net Assets 2011: $8,226,2822011Assets 2012: $8,181,994Liabilities 2012: $214,148Net Assets 2012: $7,967,8462012Assets 2013: $8,009,322Liabilities 2013: $49,458Net Assets 2013: $7,959,8642013Assets 2014: $7,535,580Liabilities 2014: $41,133Net Assets 2014: $7,494,4472014Assets 2015: $7,394,488Liabilities 2015: $82,253Net Assets 2015: $7,312,2352015Assets 2016: $7,453,332Liabilities 2016: $280,735Net Assets 2016: $7,172,5972016Assets 2017: $7,145,167Liabilities 2017: $552,408Net Assets 2017: $6,592,7592017Assets 2018: $6,522,645Liabilities 2018: $586,501Net Assets 2018: $5,936,1442018Assets 2019: $6,318,974Liabilities 2019: $535,492Net Assets 2019: $5,783,4822019Assets 2020: $6,177,150Liabilities 2020: $670,606Net Assets 2020: $5,506,5442020Assets 2021: $7,822,059Liabilities 2021: $793,710Net Assets 2021: $7,028,3492021Assets 2022: $7,760,084Liabilities 2022: $576,259Net Assets 2022: $7,183,8252022Assets 2023: $8,094,075Liabilities 2023: $1,053,341Net Assets 2023: $7,040,7342023Assets 2024: $6,877,654Liabilities 2024: $1,027,139Net Assets 2024: $5,850,5152024Assets 2025: $6,132,490Liabilities 2025: $1,146,780Net Assets 2025: $4,985,7102025

Highlighted filing

2021

Assets$7,822,059
Liabilities$793,710
Net Assets$7,028,349
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $29,164Expenses 2011: $384,474Net Income 2011: -$355,3102011Expenses 2012: $312,8242012Expenses 2013: $428,0602013Revenue 2014: $132,336Expenses 2014: $597,753Net Income 2014: -$465,4172014Revenue 2015: $750,197Expenses 2015: $932,409Net Income 2015: -$182,2122015Revenue 2016: $546,208Expenses 2016: $685,846Net Income 2016: -$139,6382016Revenue 2017: $251,586Expenses 2017: $831,424Net Income 2017: -$579,8382017Revenue 2018: $199,854Expenses 2018: $856,469Net Income 2018: -$656,6152018Revenue 2019: $611,337Expenses 2019: $763,999Net Income 2019: -$152,6622019Revenue 2020: $600,097Expenses 2020: $877,035Net Income 2020: -$276,9382020Revenue 2021: $3,282,624Expenses 2021: $1,760,819Net Income 2021: $1,521,8052021Revenue 2022: $1,842,886Expenses 2022: $1,579,248Net Income 2022: $263,6382022Revenue 2023: $1,888,461Expenses 2023: $2,031,552Net Income 2023: -$143,0912023Revenue 2024: $1,428,855Expenses 2024: $2,619,074Net Income 2024: -$1,190,2192024Revenue 2025: $1,262,353Expenses 2025: $2,127,158Net Income 2025: -$864,8052025

Highlighted filing

2021

Revenue$3,282,624
Expenses$1,760,819
Net Income$1,521,805
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 15, 2022
Return Version
2020v4.1
Gross Receipts
$3,340,918
Mission and Program Overview

Mission

Vestedins mission is to facilitate economic empowerment to small businesses & the community and increased employment opportunities in the philadelphia area.

Vestedin's mission is to facilitate economic empowerment and increased employment opportunities in the philadelphia area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$484,813$2,042,175▲ $1,557,362
Savings and Temporary Cash Investments$768,957$1,745,590▲ $976,633
Other Notes and Loans Receivable, Net$684,208$678,791▼ $5,417
Accounts Receivable$132,030$163,162▲ $31,132
Investments in Publicly Traded Securities$72,777$72,851▲ $74
Land, Buildings, and Equipment, Net$121,779$59,109▼ $62,670
Prepaid Expenses and Deferred Charges$12,190$9,438▼ $2,752
Total Assets$6,177,150$7,822,059▲ $1,644,909
Other Assets Total$3,900,396$3,050,943▼ $849,453
Liabilities
Other Liabilities$394,558$387,194▼ $7,364
Accounts Payable and Accrued Expenses$66,154$253,994▲ $187,840
Mortgage Notes Payable Secured by Investment Property$209,894$152,522▼ $57,372
Total Liabilities$670,606$793,710▲ $123,104
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,279,878$5,391,203▲ $111,325
Net Assets With Donor Restrictions$226,666$1,637,146▲ $1,410,480
Total Net Assets Fund Balance$5,506,544$7,028,349▲ $1,521,805
Total Liabilities and Net Assets / Fund Balance$6,177,150$7,822,059▲ $1,644,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,345$76,433$84,778
Buildings$50,764$11,351$62,115
Other Land Buildings$0$40,494$40,494
Leasehold Improvements$0$12,249$12,249
Other Assets Org$183,678--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James R BurnettExecutive DirectorFT$73,337$28,680$102,017

Board Members and Trustees

NameTitle
Fred AlstonChairman
Janis HollowayVice Chairman
Andre AndrewsBoard Member
Darryl RidgewayBoard Member
Ismail ShahidBoard Member
Kimberly ReedBoard Member
Kwame AmankwatiaBoard Member
Malcolm YatesBoard Member
Michael RoepelBoard Member
Robyn ChinBoard Member
Vanessa WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,502,891
Program Service Revenue
$791,417
Investment Income
$-11,684
Other Revenue
$0
All Other Contributions
$1,416,240
Change in Net Assets
$1,521,805

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,282,624
Total Revenue per Audited Statements
$3,282,624
Total Revenue per Form 990
$3,282,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,366,070
Salaries, Compensation, and Employee Benefits$394,749
Total Fundraising Expense$94,823
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$189,104$16,532$16,532$222,168
Advertising$125,706$0$4,087$129,793
Fees for Services Other$78,613$9,815$17,472$105,900
Current Officers, Directors, Trustees, and Key Employees$60,706$20,235$20,235$101,176
All Other Expenses$71,707$1,884$1,659$75,250
Occupancy$33,287$11,096$11,096$55,479
Fees for Services Accounting$36,341$7,613$7,613$51,567
Other Employee Benefits$30,826$7,922$7,922$46,670
Payroll Taxes$14,841$4,947$4,947$24,735
Other Expenses$19,823$0$0$19,823
Office Expenses$19,812$0$0$19,812
Insurance$11,324$3,260$3,260$17,844
Depreciation Depletion$6,826$0$0$6,826
Travel$5,043$0$0$5,043
Conferences and Meetings$2,351$0$0$2,351
Total Functional Expenses$1,561,348$104,648$94,823$1,760,819

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,760,819
Total Expenses per Audited Statements$1,760,819
Total Expenses per Form 990$1,760,819
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$373,193
Funds Held for Other Entities$11,203
Other Liabilities$2,798
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Filing and Contact Details

Filer

Filer Name
Vestedin
EIN
23-2855262
Phone
2154520100
Address
3675 MARKET STREET, PHILADELPHIA, PA 19104

Signing Officer

Name
James R Burnett
Title
Executive Director
Phone
2154520100
Signed
2022-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Burnett
Formed
1996
Legal Domicile
Pa
Voting Board Members
11
Independent Board Members
11
Employees
36
Volunteers
19

Preparer

Firm
Ruotolo Spewak & Co
Address
101 CHESTNUT AVE, MOUNT LAUREL, NJ 08054
Preparer
Dustin B Ward CPA Mba
Phone
8562731282
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The president and treasurer review the 990”

Pt VI, Line 12C

“The conflict of interest statement is reviewed and”

Pt VI, Line 12C

“Discussed on a regular basis w/staff and board members”

Pt VI, Line 15A

“Compensation for top official in the org. Is determined”

Pt VI, Line 15A

“By the board of directors. The board uses information”

Pt VI, Line 15A

“From the irs and other jurisdictions to determine”

Pt VI, Line 15A

“COMPENSATION.”

Pt VI, Line 15B

“Compensation of key employees is approved by the board”

Pt VI, Line 19

“The organization's governing documents, financial”

Pt VI, Line 19

“Statements, and conflict of interest policy are”

Pt VI, Line 19

“Available to the public in the organization's office”

Pt VI, Line 19

“UPON REQUEST”

Financial Statement Notes

Pt X, Line 2

“Vestedin is exempt from federal income tax under section 501(c)(3) of the internal revenue code. In addition, vestedin qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). Accordingly, no provision for income taxes is provided. Vestedin has reviewed tax positions taken in filings with federal and state jurisdictions and believes those positions would be sustained should the filings be examined by the relevant taxing authority. For federal income tax purposes, the returns remain open for possible examination three years after they are filed.”

Pt X, Line 2

“Vestedin's policy is to recognize interest and penalties on unrecognized tax benefits in other expense in the statement of activities. No interest and penalties were recorded during the year ended june 30, 2021.”

Raw XML AppendixShowing 400 of 563 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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt046670
IRS990/OtherExpensesGrp/Desc0SMALL BUSINESS RELIEF GRANTS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2REAL ESTATE FEASIBILITY
IRS990/OtherExpensesGrp/Desc3LOAN SERVICING
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221344
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
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IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt319823
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IRS990/OtherExpensesGrp/TotalAmt130263
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IRS990/OtherExpensesGrp/TotalAmt319823
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016532
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0684208
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0678791
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04947
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04947
IRS990/PayrollTaxesGrp/ProgramServicesAmt014841
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012190
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09438
IRS990/PrincipalOfficerNm0JAMES BURNETT
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc3INTEREST INCOME - LOANS
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0380614
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1349626
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327590
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0338382
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0898
IRS990/PYOtherExpensesAmt0571680
IRS990/PYOtherRevenueAmt08351
IRS990/PYProgramServiceRevenueAmt0252466
IRS990/PYRevenuesLessExpensesAmt0-276938
IRS990/PYSalariesCompEmpBnftPaidAmt0305355
IRS990/PYTotalExpensesAmt0877035
IRS990/PYTotalRevenueAmt0600097
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01521805
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0791417
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0768957
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01745590
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0346733
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0458826
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt060951
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0103394
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03472795
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0221
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0898
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt05008
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt010440
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt089392
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt063811
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0190431
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt072148
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0197644
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246578
IRS990ScheduleA/Total509Grp/TotalAmt04946190
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,822,059
Liabilities
$793,710
Net assets
$7,028,349
Revenue
$3,282,624
Expenses
$1,760,819
Net income
$1,521,805
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.13$1.15$4.99$1.26$2.13$0.86
2024Detailed filing. Detailed filing data is available for this year.$6.88$1.03$5.85$1.43$2.62$1.19
2023Detailed filing. Detailed filing data is available for this year.$8.09$1.05$7.04$1.89$2.03$0.14
2022Detailed filing. Detailed filing data is available for this year.$7.76$0.58$7.18$1.84$1.58$0.26
2021Detailed filing. Detailed filing data is available for this year.$7.82$0.79$7.03$3.28$1.76$1.52
2020Summary only. Only limited summary data is available for this year.$6.18$0.67$5.51$0.60$0.88$0.28
2019Detailed filing. Detailed filing data is available for this year.$6.32$0.54$5.78$0.61$0.76$0.15
2018Detailed filing. Detailed filing data is available for this year.$6.52$0.59$5.94$0.20$0.86$0.66
2017Detailed filing. Detailed filing data is available for this year.$7.15$0.55$6.59$0.25$0.83$0.58
2016Detailed filing. Detailed filing data is available for this year.$7.45$0.28$7.17$0.55$0.69$0.14
2015Detailed filing. Detailed filing data is available for this year.$7.39$0.08$7.31$0.75$0.93$0.18
2014Detailed filing. Detailed filing data is available for this year.$7.54$0.04$7.49$0.13$0.60$0.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.01$0.05$7.96$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.18$0.21$7.97$0.31
2011Summary only. Only limited summary data is available for this year.$8.41$0.18$8.23$0.03$0.38$0.36
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits