Civic Intelligence

Washington Asset Building Coalition

990EZ • Fiscal year 2020 • EIN 27-1406157

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

PO Box 3831Seattle, WA 98124-3831

(206) 898-3043

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.02x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

74th percentile

25%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$77,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 64.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

95th percentile

300%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

71%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$37,589

Up $28,201 (+300%) from 2019

Net Assets

Up

$35,633

Up $29,954 (+527%) from 2019

Liabilities

Down

$1,956

Down $1,753 (-47%) from 2019

Revenue

Up

$118,750

Up $49,382 (+71%) from 2019

Expenses

Down

$88,796

Down $13,012 (-13%) from 2019

Net Income

Up

$29,954

Up $62,394 (+192%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2016: $165,741Liabilities 2016: $5,220Net Assets 2016: $160,5212016Assets 2017: $92,446Liabilities 2017: $3,497Net Assets 2017: $88,9492017Assets 2018: $39,799Liabilities 2018: $1,680Net Assets 2018: $38,1192018Assets 2019: $9,388Liabilities 2019: $3,709Net Assets 2019: $5,6792019Assets 2020: $37,589Liabilities 2020: $1,956Net Assets 2020: $35,6332020Assets 2021: $56,683Liabilities 2021: $2,721Net Assets 2021: $53,9622021Assets 2022: $148,452Liabilities 2022: $239Net Assets 2022: $148,2132022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2020

Assets$37,589
Liabilities$1,956
Net Assets$35,633

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $133,769Expenses 2016: $96,134Net Income 2016: $37,6352016Revenue 2017: $55,131Expenses 2017: $126,703Net Income 2017: -$71,5722017Revenue 2018: $81,715Expenses 2018: $132,546Net Income 2018: -$50,8312018Revenue 2019: $69,368Expenses 2019: $101,808Net Income 2019: -$32,4402019Revenue 2020: $118,750Expenses 2020: $88,796Net Income 2020: $29,9542020Revenue 2021: $111,000Expenses 2021: $92,671Net Income 2021: $18,3292021Revenue 2022: $202,202Expenses 2022: $107,951Net Income 2022: $94,2512022Revenue 2023: $70,340Expenses 2023: $48,198Net Income 2023: $22,1422023

Highlighted filing

2020

Revenue$118,750
Expenses$88,796
Net Income$29,954
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$118,750
Mission and Program Overview

Mission

To provide opportunities for low and moderate-income residents in washington to build, maintain, and preserve assets through investments in education, home ownership, personal savings, and entrepreneurship.

Program Services

DescriptionGrantsExpenses
WABC is the lead organization in Washington State for promoting policies, programs and strategies for helping low income individuals and communities build assets that will provide them with an economic foundation to move into the middle class. To accomplish this mission, in 2020 WABC served as the convener for the 15 Local Asset Building Coalitions in Washington State, facilitating quarterly meetings, monthly trainings and providing technical assistance on savings programs for low-income individuals, child savings accounts, retirement savings and financial education. WABC worked extensively on promoting the establishment of a statewide retirement savings system for lower-income and first-time workers, and on developing a proposal for creating a statewide Children's Educational Savings Account program.$0$75,349
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie BowmanExecutive DirectorFT$72,000$5,000$77,000
Todd PietzchBoard Chairman-$0--
Paul KnoxSecretary/Treasurer-$0--
Marcy BowersBoard Member-$0--
Molly MorrisBoard Member-$0--
Carolyn McKinnonBoard Member-$0--
Lyn PetersBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Washington Asset Building Coalition
EIN
27-1406157
Phone
2068983043
Address
PO Box 3831, Seattle, WA 98124-3831

Signing Officer

Name
Stephanie Bowman
Title
Executive Director
Phone
2068983043
Signed
2021-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Greenwood Ohlund PS
Address
4241 21st Ave W Suite 400, Seattle, WA 98199
Preparer
Amanda O'Rourke CPA
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16 - Other Expenses

Description: Office. Amount: 650. Description: IT Support. Amount: 2,080. Description: Travel. Amount: 62. Description: Conference. Amount: 123. Description: Marketing. Amount: 250. Description: Miscellaneous. Amount: 170. Total to Form 990-EZ, line 16: 3,335.

Form 990-EZ, Part II, Line 26 - Other Liabilities

Description: Accounts Payable and Accrued Expenses. Beg. of Year Amount: 3,549. End of Year Amount: 1,796. Description: Loan from Officers. Beg. of Year Amount: 160. End of Year Amount: 160.

Raw XML Appendix186 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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ReturnHeader/ReturnTs02021-11-15T13:52:59-06:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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