Civic Intelligence

Alchemy Initiative Inc

990EZ • Fiscal year 2019 • EIN 27-0399304

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

PO Box 1805Pittsfield, MA 01201

(413) 344-0816

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2019

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

88th percentile

$32,692

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 41.5% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

8th percentile

-57%

Faster revenue growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $74,763 (-100%) from 2018

Net Assets

Down

$0

Down $57,774 (-100%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$78,803

Down $104,688 (-57%) from 2018

Expenses

Down

$111,805

Down $54,129 (-33%) from 2018

Net Income

Down

-$33,002

Down $50,559 (-288%) from 2018

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2014: $24,730Net Assets 2014: $24,7302014Assets 2015: $9,794Net Assets 2015: $9,7942015Assets 2017: $41,209Liabilities 2017: $992Net Assets 2017: $40,2172017Assets 2018: $74,763Liabilities 2018: $16,989Net Assets 2018: $57,7742018Assets 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities-
Net Assets$0

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $63,311Expenses 2014: $46,419Net Income 2014: $16,8922014Revenue 2015: $59,243Expenses 2015: $74,179Net Income 2015: -$14,9362015Revenue 2017: $188,795Expenses 2017: $197,399Net Income 2017: -$8,6042017Revenue 2018: $183,491Expenses 2018: $165,934Net Income 2018: $17,5572018Revenue 2019: $78,803Expenses 2019: $111,805Net Income 2019: -$33,0022019

Highlighted filing

2019

Revenue$78,803
Expenses$111,805
Net Income-$33,002
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$78,803
Mission and Program Overview

Mission

Alchemy initiative is an urban model of sustainability and community in the heart of downtown pittsfield. To provide knowledge and activities related to food, farming, and urban beautification as well as to serve as an educational resource for the community.

Alchemy initiative is an urban model of sustainability and community in the heart of downtown pittsfield. Alchemy initiative provides knowledge and activities related to food, farming, and urban beautification as well as to serve as an educational resource for the community.

Program Services

DescriptionGrantsExpenses
EDUCATION AND ACTIVITIES RELATED TO FOOD, FARMING, AND URBAN BEAUTIFICATION. THE ORGANIZATION MANAGES A FARMERS MARKET AND PROVIDES PROGRAMS TO ENSURE FOOD ACCESS TO THE COMMUNITY. THE ORGANIZATION ALSO RUNS AN AGRICULTURAL BASED YOUTH DEVELOPMENT PROGRAM. BEING AN EDUCATIONAL RESOURCE FOR THE COMMUNITY IS THE PRIMARY FOCUS OF ALCHEMY INITIATIVE'S VISION.-$91,878
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JESSICA VECCHIACo Exec. DirectorFT$32,692-$32,692
JAMIE SAMOWITZCo Exec. DirectorFT$32,692-$32,692
MARLEE BARRYDirector-$0--
SUSAN KELLYDirector-$0--
REGINA BURGIOClerk-$0--
SANDRA THOMASTreasurer-$0--
MACKENZIE GREERVice Preside-$0--
ALISON BASDEKISPresident-$0--
Filing and Contact Details

Filer

Filer Name
Alchemy Initiative Inc
EIN
27-0399304
Phone
4133440816
Address
PO BOX 1805, PITTSFIELD, MA 01201

Signing Officer

Name
Jessica Vecchia
Title
Co Exec. Director
Phone
5083303954
Signed
2020-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Smith Watson & Co Llp
Address
7 NORTH ST SUITE 205, PITTSFIELD, MA 01201
Preparer
Jeffrey Belair
Phone
4134649940
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses software & subscriptions 786 quickbooks online 235 permits & licenses 97 meals 16 interest expense 298 insurance 474 vehicle insurance 93 auto exise tax 376 fundraising 637 marketing 872 fuel & inspection 123 market match 2,087 market activities 250 small equipment 32 space & supplies 857 merchant fees 196 stipends 5,733 classes 913 work gear 1,785 other 494 non-investment depreciation 5,615 total 21,969

Form 990-ez, Part I, Line 20

Assets disposed in merger -24,772

Form 990-ez, Part II, Line 24

Automobiles 28,074 0 less accumulated depreciation 3,275 0 prepaid expenses and deferred charge 1,703 0 total 26,502 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 532 0 unsecured notes and loans payable 16,457 0

Form 990-ez, Part III

Alchemy initiative is an urban model of sustainability and community in the heart of downtown pittsfield. Alchemy initiative provides knowledge and activities related to food, farming, and urban beautification as well as to serve as an educational resource for the community.

Form 990-ez, Part III, Line 28

Education and activities related to food, farming, and urban beautification. The organization manages a farmers market and provides programs to ensure food access to the community. The organization also runs an agricultural based youth development program. Being an educational resource for the community is the primary focus of alchemy initiative's vision.

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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0MACKENZIE GREER WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. SANDRA THOMAS WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. REGINA BURGIO WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. ALISON BASDEKIS WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. SUSAN KELLY WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. JESSICA VECCHIA WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC. JAMIE SAMOWITZ WILL CONTINUE AS AN OFFICER/DIRECTOR IN ROOTS RISING, INC.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SOFTWARE & SUBSCRIPTIONS 786 QUICKBOOKS ONLINE 235 PERMITS & LICENSES 97 MEALS 16 INTEREST EXPENSE 298 INSURANCE 474 VEHICLE INSURANCE 93 AUTO EXISE TAX 376 FUNDRAISING 637 MARKETING 872 FUEL & INSPECTION 123 MARKET MATCH 2,087 MARKET ACTIVITIES 250 SMALL EQUIPMENT 32 SPACE & SUPPLIES 857 MERCHANT FEES 196 STIPENDS 5,733 CLASSES 913 WORK GEAR 1,785 OTHER 494 NON-INVESTMENT DEPRECIATION 5,615 TOTAL 21,969
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASSETS DISPOSED IN MERGER -24,772
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AUTOMOBILES 28,074 0 LESS ACCUMULATED DEPRECIATION 3,275 0 PREPAID EXPENSES AND DEFERRED CHARGE 1,703 0 TOTAL 26,502 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 532 0 UNSECURED NOTES AND LOANS PAYABLE 16,457 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALCHEMY INITIATIVE IS AN URBAN MODEL OF SUSTAINABILITY AND COMMUNITY IN THE HEART OF DOWNTOWN PITTSFIELD. ALCHEMY INITIATIVE PROVIDES KNOWLEDGE AND ACTIVITIES RELATED TO FOOD, FARMING, AND URBAN BEAUTIFICATION AS WELL AS TO SERVE AS AN EDUCATIONAL RESOURCE FOR THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EDUCATION AND ACTIVITIES RELATED TO FOOD, FARMING, AND URBAN BEAUTIFICATION. THE ORGANIZATION MANAGES A FARMERS MARKET AND PROVIDES PROGRAMS TO ENSURE FOOD ACCESS TO THE COMMUNITY. THE ORGANIZATION ALSO RUNS AN AGRICULTURAL BASED YOUTH DEVELOPMENT PROGRAM. BEING AN EDUCATIONAL RESOURCE FOR THE COMMUNITY IS THE PRIMARY FOCUS OF ALCHEMY INITIATIVE'S VISION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/ReturnTs02020-11-16T16:03:00-06:00
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ReturnHeader/TaxPeriodEndDt02019-12-31
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