Civic Intelligence

Innovate Raleigh

990EZ • Fiscal year 2015 • EIN 26-2891963

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 09, 2016

310 S Harrington StRaleigh, NC 27603-1818

(919) 300-6917

Siviq Scores

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

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

84th percentile

$24,750

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

80th percentile

36%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$87,519

Up $22,955 (+36%) from 2014

Net Assets

Up

$83,611

Up $31,385 (+60%) from 2014

Liabilities

Down

$3,908

Down $8,430 (-68%) from 2014

Revenue

Up

$114,785

Up $16,318 (+17%) from 2014

Expenses

Up

$83,400

Up $34,985 (+72%) from 2014

Net Income

Down

$31,385

Down $18,667 (-37%) from 2014

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $64,564Liabilities 2014: $12,338Net Assets 2014: $52,2262014Assets 2015: $87,519Liabilities 2015: $3,908Net Assets 2015: $83,6112015Assets 2016: $125,949Liabilities 2016: $1,229Net Assets 2016: $124,7202016Assets 2018: $104,391Liabilities 2018: $22,770Net Assets 2018: $81,6212018Assets 2019: $120,838Liabilities 2019: $49,055Net Assets 2019: $71,7832019Assets 2020: $75,522Liabilities 2020: $8,525Net Assets 2020: $66,9972020Assets 2021: $73,202Liabilities 2021: $18,200Net Assets 2021: $55,0022021Assets 2022: $80,336Liabilities 2022: $10,425Net Assets 2022: $69,9112022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$87,519
Liabilities$3,908
Net Assets$83,611

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $98,467Expenses 2014: $48,415Net Income 2014: $50,0522014Revenue 2015: $114,785Expenses 2015: $83,400Net Income 2015: $31,3852015Revenue 2016: $139,754Expenses 2016: $98,645Net Income 2016: $41,1092016Revenue 2018: $92,212Expenses 2018: $133,102Net Income 2018: -$40,8902018Revenue 2019: $180,152Expenses 2019: $189,990Net Income 2019: -$9,8382019Revenue 2020: $175,147Expenses 2020: $179,933Net Income 2020: -$4,7862020Revenue 2021: $146,925Expenses 2021: $158,920Net Income 2021: -$11,9952021Revenue 2022: $119,187Expenses 2022: $104,278Net Income 2022: $14,9092022Revenue 2023: $40,774Expenses 2023: $110,685Net Income 2023: -$69,9112023

Highlighted filing

2015

Revenue$114,785
Expenses$83,400
Net Income$31,385
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 9, 2016
Return Version
2015v2.1
Gross Receipts
$114,785
Mission and Program Overview

Mission

To provide technical, administrative, and infrastructure support to entrepreneurs and serve as a catalyst for innovation and economic growth in the raleigh and triangle area

To provide technical, administrative, and infrastructure support to entrepreneurs and serve as a catalyst for innovation and economic grown in the Raleigh and

Program Services

DescriptionGrantsExpenses
COMMUNITY OUTREACH$104,535$52,331
INNOVATE RALEIGH SUMMIT$10,247$22,216
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JENNY HWAExecutive DirectorPT$24,750-$24,750
ALLYSON SUTTONEmployeePT$14,264-$14,264
ASHLEY D MELZERExecutive AssistantPT$1,769-$1,769
TERRI LOMAXDirector-$0--
JAMES SAULSDirector-$0--
DELISA ALEXANDERDirector-$0--
JASON WIDENTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Innovate Raleigh
EIN
26-2891963
Phone
9193006917
Address
310 S Harrington St, Raleigh, NC 27603-1818

Signing Officer

Name
Jenny Hwa
Title
Executive Director
Phone
9193006917
Signed
2016-08-09

Preparer

Firm
Tja Certified Public Accountant Pllc
Address
1130 KILDAIRE FARM ROAD SUITE 210, CARY, NC 27511
Preparer
Raquel David
Phone
9193860236
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

Investment Income 3.

Form 990EZ, Part I, Line 16

Conference, Convention & Meetings 17674.

Form 990EZ, Part I, Line 16

Advertising and Marketing 2330.

Form 990EZ, Part I, Line 16

Other Cost 566.

Form 990EZ, Part I, Line 16

Payroll Taxes 3132.

Form 990EZ, Part I, Line 16

Insurance - Liability D and O 1804.

Form 990EZ, Part I, Line 16

Travel 387.

Form 990EZ, Part II, Line 24

Organizational Cost 900. 900.

Form 990EZ, Part II, Line 24

Sales Tax Receivable 564. 0.

Form 990EZ, Part II, Line 24

Due To Due From Forwrad Impact 1500. 1500.

Form 990EZ, Part II, Line 24

Due To Due From HQ Raleigh 1274. 1274.

Form 990EZ, Part II, Line 26

Accounts Payable 8776. 1789.

Form 990EZ, Part II, Line 26

Payroll Liabilities 3008. 2119.

Form 990EZ, Part II, Line 26

Payroll Liabilities - State WH 554. 0.

Raw XML Appendix185 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Sevrina Tax & Accounting Services Inc
IRS990EZ/BooksInCareOfDetail/PhoneNum09199250426
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01318 Dale St Suite 100
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027605
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt060326
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt083845
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0114782
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt031385
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt012702
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt064564
IRS990EZ/Form990TotalAssetsGrp/EOYAmt087519
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0114785
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt052226
IRS990EZ/NetAssetsOrFundBalancesEOYAmt083611
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt052226
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt083611
IRS990EZ/OccupancyRentUtltsAndMaintAmt0755
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt320.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt420.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt520.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt62.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt324750
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt414264
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt51769
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TERRI LOMAX
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAMES SAULS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DELISA ALEXANDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3JENNY HWA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ALLYSON SUTTON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5ASHLEY D MELZER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JASON WIDEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Employee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Executive Assistant
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04238
IRS990EZ/OtherAssetsTotalDetail/EOYAmt03674
IRS990EZ/OtherExpensesTotalAmt025893
IRS990EZ/OtherRevenueTotalAmt03
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide technical, administrative, and infrastructure support to entrepreneurs and serve as a catalyst for innovation and economic grown in the Raleigh and
IRS990EZ/PrintingPublicationsPostageAmt03266
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0COMMUNITY OUTREACH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1INNOVATE RALEIGH SUMMIT
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0104535
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt110247
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt052331
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt122216
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt040784
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt012338
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt03908
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt083400
IRS990EZ/TotalProgramServiceExpensesAmt074547
IRS990EZ/TotalRevenueAmt0114785
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0114782
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt098465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0213247
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0213247
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0114782
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt098465
IRS990ScheduleA/Total509Grp/TotalAmt0213247
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0213249
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Investment Income 3.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conference, Convention & Meetings 17674.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Advertising and Marketing 2330.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Cost 566.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll Taxes 3132.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance - Liability D and O 1804.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Travel 387.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Organizational Cost 900. 900.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Sales Tax Receivable 564. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Due To Due From Forwrad Impact 1500. 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Due To Due From HQ Raleigh 1274. 1274.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable 8776. 1789.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Payroll Liabilities 3008. 2119.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Payroll Liabilities - State WH 554. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY HWA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09193006917
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovate Raleigh
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0262891963
ReturnHeader/Filer/PhoneNum09193006917
ReturnHeader/Filer/USAddress/AddressLine1Txt0310 S Harrington St
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0276031818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TJA CERTIFIED PUBLIC ACCOUNTANT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01130 KILDAIRE FARM ROAD SUITE 210
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027511
ReturnHeader/PreparerPersonGrp/PhoneNum09193860236
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RAQUEL DAVID
ReturnHeader/ReturnTs02016-08-12T11:42:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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Filings