Civic Intelligence

Wishboneorg

990 • Fiscal year 2014 • EIN 27-3354192

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 11, 2015

2144 Leavenworth StreetSan Francisco, CA 94133

(310) 467-0035

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$131,687

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

17th percentile

-8.7%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-47%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$731,592

Down $70,016 (-8.7%) from 2013

Net Assets

Down

$727,773

Down $61,232 (-7.8%) from 2013

Liabilities

Down

$3,819

Down $8,784 (-70%) from 2013

Revenue

Down

$538,410

Down $472,495 (-47%) from 2013

Expenses

Up

$599,642

Up $311,893 (+108%) from 2013

Net Income

Down

-$61,232

Down $784,388 (-108%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $146,798Liabilities 2011: $4,168Net Assets 2011: $142,6302011Assets 2013: $801,608Liabilities 2013: $12,603Net Assets 2013: $789,0052013Assets 2014: $731,592Liabilities 2014: $3,819Net Assets 2014: $727,7732014Assets 2015: $1,303,471Liabilities 2015: $43,510Net Assets 2015: $1,259,9612015Assets 2016: $809,327Liabilities 2016: $27,736Net Assets 2016: $781,5912016Assets 2017: $921,723Liabilities 2017: $23,193Net Assets 2017: $898,5302017Assets 2018: $200,372Liabilities 2018: $667Net Assets 2018: $199,7052018Assets 2019: $74,932Liabilities 2019: $1,384Net Assets 2019: $73,5482019Assets 2020: $13,129Liabilities 2020: $70Net Assets 2020: $13,0592020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2014

Assets$731,592
Liabilities$3,819
Net Assets$727,773

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $70,0912011Revenue 2013: $1,010,905Expenses 2013: $287,749Net Income 2013: $723,1562013Revenue 2014: $538,410Expenses 2014: $599,642Net Income 2014: -$61,2322014Revenue 2015: $1,861,387Expenses 2015: $1,329,198Net Income 2015: $532,1892015Revenue 2016: $971,170Expenses 2016: $1,449,540Net Income 2016: -$478,3702016Revenue 2017: $1,519,096Expenses 2017: $1,402,157Net Income 2017: $116,9392017Revenue 2018: $659,979Expenses 2018: $1,310,304Net Income 2018: -$650,3252018Revenue 2019: $20,916Expenses 2019: $147,073Net Income 2019: -$126,1572019Revenue 2020: $1,014Expenses 2020: $61,503Net Income 2020: -$60,4892020Revenue 2021: $40,030Expenses 2021: $53,089Net Income 2021: -$13,0592021

Highlighted filing

2014

Revenue$538,410
Expenses$599,642
Net Income-$61,232
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 11, 2015
Return Version
2014v5.0
Gross Receipts
$538,410
Mission and Program Overview

Mission

Wishbone is committed to closing the nation's achievement gap by bringing quality out-of-school opportunities to at risk and low-income high school students. We believe that out-of-school time presents one of the greatest opportunities to level the playing field and give all students the chance to be on a successful life path.

Bringing quality out-of-school opportunities to at risk and low-income high school students

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$598,447$615,056▲ $16,609
Pledges and Grants Receivable$200,000$100,000▼ $100,000
Prepaid Expenses and Deferred Charges$2,323$15,470▲ $13,147
Land, Buildings, and Equipment, Net$838$1,066▲ $228
Total Assets$801,608$731,592▼ $70,016
Liabilities
Accounts Payable and Accrued Expenses$12,603$3,819▼ $8,784
Total Liabilities$12,603$3,819▼ $8,784
Net Assets / Fund Balance
Unrestricted Net Assets$549,005$527,773▼ $21,232
Temporarily Rstr Net Assets$240,000$200,000▼ $40,000
Total Net Assets Fund Balance$789,005$727,773▼ $61,232
Total Liabilities and Net Assets / Fund Balance$801,608$731,592▼ $70,016

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,004$6,327$7,331
Leasehold Improvements$62$1,058$1,120
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Beth SchmidtPresident and Board MemberFT$126,047$5,640$131,687

Board Members and Trustees

NameTitle
Brendan CullenTrustee
Wayee ChuTrustee
Michael PolanskySecretary
Doug KrebsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$515,011
Program Service Revenue
$23,399
Investment Income
$0
Other Revenue
$0
All Other Contributions
$515,011
Change in Net Assets
$-61,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$538,410
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$538,410
Total Revenue per Form 990
$538,410
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,359
Grants and Similar Amounts Paid$197,568
Other Expenses$156,715
Total Fundraising Expense$16,245
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$197,568--$197,568
Current Officers, Directors, Trustees, and Key Employees$119,491$6,557-$126,048
Other Salaries and Wages$75,199$4,125-$79,324
Travel$29,008$16,185$11,969$57,162
Fees for Services Accounting-$38,326-$38,326
Office Expenses$8,483$15,243-$23,726
Other Employee Benefits$20,813$2,022-$22,835
Payroll Taxes$15,633$1,519-$17,152
Advertising$7,603$1,535$75$9,213
Fees for Services Other$6,590$1,470$200$8,260
Fees for Services Management$8,175--$8,175
Insurance-$2,361-$2,361
Fees for Services Legal-$1,162-$1,162
Depreciation Depletion-$1,110-$1,110
Other Expenses$923$2,296$116$1,039
Total Functional Expenses$489,486$93,911$16,245$599,642

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$599,642
Total Expenses per Audited Statements$599,642
Total Expenses per Form 990$599,642
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have committees.

Form 990, Part VI, Section B, Line 11

A copy of the 990 was provided to all board members for approval prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy distributed to all individuals in a position of influence. All board members are requested to complete and sign annual disclosure statements.

Form 990, Part VI, Section B, Line 15

The board of directors approves compensation at all levels. The board looked to similar type organizations to determine reasonable compensation for the key employee.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wishboneorg
EIN
27-3354192
Phone
3104670035
Address
2144 LEAVENWORTH STREET, SAN FRANCISCO, CA 94133

Signing Officer

Name
Beth Schmidt
Title
President
Phone
3104670035
Signed
2015-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Schmidt
Formed
2010
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
4
Volunteers
0

Preparer

Firm
Burr Pilger Mayer Inc
Address
2000 UNIVERSITY AVE 201, EAST PALO ALTO, CA 94303
Preparer
Carolyn R Amster
Phone
6508556800
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Wishbone.org is exempt from federal income tax under internal revenue code section 501(c)(3) and from california franchise and/or income tax under the revenue and taxation code section 23701(d). The organization has adopted the accounting guidance related to uncertain tax positions, and has evaluated its tax positions and believes that all of the positions taken by the organization in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. The organization returns for year or period ended december 31, 2014, 2013 and 2012, respectively, are subject to examination by federal and state taxing authorities generally for three years after they are filed.

Raw XML Appendix388 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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07331
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0599642
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt062
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01058
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01120
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0538410
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WISHBONE.ORG IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND FROM CALIFORNIA FRANCHISE AND/OR INCOME TAX UNDER THE REVENUE AND TAXATION CODE SECTION 23701(D). THE ORGANIZATION HAS ADOPTED THE ACCOUNTING GUIDANCE RELATED TO UNCERTAIN TAX POSITIONS, AND HAS EVALUATED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION RETURNS FOR YEAR OR PERIOD ENDED DECEMBER 31, 2014, 2013 AND 2012, RESPECTIVELY, ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01066
IRS990ScheduleD/TotalExpensesPerForm990Amt0599642
IRS990ScheduleD/TotalRevenuePerForm990Amt0538410
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0538410
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0599642
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0197568
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0129
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS PROVIDED TO ALL BOARD MEMBERS FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY DISTRIBUTED TO ALL INDIVIDUALS IN A POSITION OF INFLUENCE. ALL BOARD MEMBERS ARE REQUESTED TO COMPLETE AND SIGN ANNUAL DISCLOSURE STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES COMPENSATION AT ALL LEVELS. THE BOARD LOOKED TO SIMILAR TYPE ORGANIZATIONS TO DETERMINE REASONABLE COMPENSATION FOR THE KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1CT
IRS990/StatesWhereCopyOfReturnIsFldCd2IL
IRS990/StatesWhereCopyOfReturnIsFldCd3MA
IRS990/StatesWhereCopyOfReturnIsFldCd4NJ
IRS990/StatesWhereCopyOfReturnIsFldCd5NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0240000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0200000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0801608
IRS990/TotalAssetsEOYAmt0731592
IRS990/TotalAssetsGrp/BOYAmt0801608
IRS990/TotalAssetsGrp/EOYAmt0731592
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0515011
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016245
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093911
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0489486
IRS990/TotalFunctionalExpensesGrp/TotalAmt0599642
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012603
IRS990/TotalLiabilitiesEOYAmt03819
IRS990/TotalLiabilitiesGrp/BOYAmt012603
IRS990/TotalLiabilitiesGrp/EOYAmt03819
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0789005
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0727773
IRS990/TotalOtherCompensationAmt05640
IRS990/TotalProgramServiceExpensesAmt0489486
IRS990/TotalProgramServiceRevenueAmt023399
IRS990/TotalReportableCompFromOrgAmt0126047
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023399
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538410
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0801608
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0731592
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt011969
IRS990/TravelGrp/ManagementAndGeneralAmt016185
IRS990/TravelGrp/ProgramServicesAmt029008
IRS990/TravelGrp/TotalAmt057162
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0549005
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0527773
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02144 LEAVENWORTH STREET
IRS990/USAddress/CityNm0SAN FRANCISCO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094133
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.WISHBONE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BETH SCHMIDT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03104670035
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WISHBONEORG
ReturnHeader/Filer/BusinessNameControlTxt0WISH
ReturnHeader/Filer/EIN0273354192
ReturnHeader/Filer/PhoneNum03104670035
ReturnHeader/Filer/USAddress/AddressLine1Txt02144 LEAVENWORTH STREET
ReturnHeader/Filer/USAddress/CityNm0SAN FRANCISCO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094133
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263839190
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURR PILGER MAYER INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02000 UNIVERSITY AVE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST PALO ALTO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094303
ReturnHeader/PreparerPersonGrp/PhoneNum06508556800
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN R AMSTER
ReturnHeader/ReturnTs02015-08-17T12:54:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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