Civic Intelligence

Wings the Washington Technology An

990EZ • Fiscal year 2017 • EIN 27-2259728

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 01, 2018

1551 Eastlake Ave E Rm/Ste 300Seattle, WA 98102-7402

(206) 456-9580

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 2017

Liabilities / Revenue

75th percentile

0.08x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-45%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-26%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $20,791 (-100%) from 2016

Net Assets

Down

-$4,316

Down $25,107 (-121%) from 2016

Liabilities

$4,316

No earlier filing loaded for comparison.

Revenue

Down

$55,215

Down $19,415 (-26%) from 2016

Expenses

Down

$80,322

Down $6,133 (-7.1%) from 2016

Net Income

Down

-$25,107

Down $13,282 (-112%) from 2016

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0-$20KAssets 2014: $48,948Net Assets 2014: $48,9482014Assets 2015: $32,698Liabilities 2015: $84Net Assets 2015: $32,6142015Assets 2016: $20,791Net Assets 2016: $20,7912016Assets 2017: $0Liabilities 2017: $4,316Net Assets 2017: -$4,3162017Assets 2018: $13,662Net Assets 2018: $13,6622018

Highlighted filing

2017

Assets$0
Liabilities$4,316
Net Assets-$4,316

Operations Trend

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

$100K$50K$0-$50KRevenue 2014: $82,119Expenses 2014: $87,567Net Income 2014: -$5,4482014Revenue 2015: $76,340Expenses 2015: $92,677Net Income 2015: -$16,3372015Revenue 2016: $74,630Expenses 2016: $86,455Net Income 2016: -$11,8252016Revenue 2017: $55,215Expenses 2017: $80,322Net Income 2017: -$25,1072017Revenue 2018: $62,385Expenses 2018: $44,406Net Income 2018: $17,9792018

Highlighted filing

2017

Revenue$55,215
Expenses$80,322
Net Income-$25,107
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 1, 2018
Return Version
2017v2.3
Gross Receipts
$55,215
Mission and Program Overview

Mission

Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.

Program Services

DescriptionGrantsExpenses
WINGS PROVIDES INCREASED DEAL FLOW AND RIGOROUS SCREENING OF MEDICAL TECHNOLOGY OPPORTUNITIES. SINCE INCEPTION, WINGS VOLUNTEER SCREENING COMMITTEE MEMBERS SCREENED 298 DEALS, AND SELECTED 79 TO PRESENT IN FRONT OF ANGEL INVESTORS AT THE INVESTOR MEETINGS.--
WINGS IS A HUB OF MEDICAL TECHNOLOGY EXPERTISE FOR SCREENING INVESTMENT OPPORTUNITIES, NETWORKING AND MENTORSHIP. TWENTY-TWO WASHINGTON- BASED COMPANIES HAVE RECEIVED INVESTMENT FROM ANGEL INVESTORS AS A RESULT OF THE WINGS INVESTOR MEETINGS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KY CALDERBoard Of Director-$0--
ANDY ALBERTSONBoard Of Director-$0--
JOE GIFFORDBoard Of Director-$0--
LESLIE ALEXANDREBoard Of Director-$0--
TOM CLEMENTBoard Of Director-$0--
MICHAEL HOVANESBoard Of Director-$0--
STEFAN KRAEMERBoard Of Director-$0--
RYAN LANDONBoard Of Director-$0--
LORETTA LITTLEBoard Of Director-$0--
H STEWART PARKERBoard Of Director-$0--
ERIC LARSENBoard Of Director-$0--
DICK ROHDEBoard Of Director-$0--
WAYNE WAGERBoard Of Director-$0--
M PATRICIA BECKMANNManaging Director-$0--
BILL WALLERBoard Of Director-$0--
Filing and Contact Details

Filer

Filer Name
Wings the Washington Technology an
EIN
27-2259728
Phone
2064569580
Address
1551 EASTLAKE AVE E RM/STE 300, SEATTLE, WA 98102-7402

Signing Officer

Name
Eric Larsen
Title
Board of Directors
Phone
2064569580
Signed
2018-10-01
Discuss with paid preparer
Yes

Preparer

Firm
BRADY & COMPANY CPA'S
Address
8326 196TH STREET SW, EDMONDS, WA 98026
Preparer
D William Brady Jr
Phone
4257747142
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item C

Wings, the washington technology angel network

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 5,609 office 145 travel 257 conferences/meetings 18,723 bank charges 2,217 dues & subscriptions 1,005 total 27,956

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 4,316

Form 990-ez, Part III

Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.

Form 990-ez, Part III, Line 28

Wings provides increased deal flow and rigorous screening of medical technology opportunities. Since inception, wings volunteer screening committee members screened 298 deals, and selected 79 to present in front of angel investors at the investor meetings.

Form 990-ez, Part III, Line 31

Wings is a hub of medical technology expertise for screening investment opportunities, networking and mentorship. Twenty-two washington- based companies have received investment from angel investors as a result of the wings investor meetings.

Raw XML Appendix157 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 5,609 OFFICE 145 TRAVEL 257 CONFERENCES/MEETINGS 18,723 BANK CHARGES 2,217 DUES & SUBSCRIPTIONS 1,005 TOTAL 27,956
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WINGS IS A NON-PROFIT ANGEL NETWORK THAT FACILITATES SEED AND EARLY STAGE INVESTMENTS FOR MEDICAL TECHNOLOGY COMPANIES IN WASHINGTON STATE. THE MISSION IS TO CLOSE THE GAP IN EARLY STAGE FUNDING TO ACCELERATE THE TRANSLATION OF MEDICAL TECHNOLOGY INNOVATION FROM THE LAB BENCH TO PATIENTS. WINGS DOES NOT PROVIDE GRANT MONEY OR INVEST IN COMPANIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WINGS PROVIDES INCREASED DEAL FLOW AND RIGOROUS SCREENING OF MEDICAL TECHNOLOGY OPPORTUNITIES. SINCE INCEPTION, WINGS VOLUNTEER SCREENING COMMITTEE MEMBERS SCREENED 298 DEALS, AND SELECTED 79 TO PRESENT IN FRONT OF ANGEL INVESTORS AT THE INVESTOR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WINGS IS A HUB OF MEDICAL TECHNOLOGY EXPERTISE FOR SCREENING INVESTMENT OPPORTUNITIES, NETWORKING AND MENTORSHIP. TWENTY-TWO WASHINGTON- BASED COMPANIES HAVE RECEIVED INVESTMENT FROM ANGEL INVESTORS AS A RESULT OF THE WINGS INVESTOR MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
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ReturnHeader/TaxPeriodEndDt02017-12-31
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