Civic Intelligence

Wishboneorg

990 • Fiscal year 2016 • EIN 27-3354192

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 26, 2017

850 Montgomery Street No 350San Francisco, CA 94133

(415) 580-7294

Siviq Scores

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

Liabilities / Assets

48th percentile

0.03x

Higher debt load relative to assets than 48% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

46th percentile

0.03x

Higher debt load relative to revenue than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

7th percentile

-49%

Higher net margin than 7% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$116,767

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

4th percentile

-38%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$809,327

Down $494,144 (-38%) from 2015

Net Assets

Down

$781,591

Down $478,370 (-38%) from 2015

Liabilities

Down

$27,736

Down $15,774 (-36%) from 2015

Revenue

Down

$971,170

Down $890,217 (-48%) from 2015

Expenses

Up

$1,449,540

Up $120,342 (+9.1%) from 2015

Net Income

Down

-$478,370

Down $1,010,559 (-190%) from 2015

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

2016

Assets$809,327
Liabilities$27,736
Net Assets$781,591

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

2016

Revenue$971,170
Expenses$1,449,540
Net Income-$478,370
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 26, 2017
Return Version
2016v3.0
Gross Receipts
$971,170
Mission and Program Overview

Mission

Wishbone is commmitted 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$505,283$403,500▼ $101,783
Pledges and Grants Receivable$500,000$350,000▼ $150,000
Accounts Receivable$234,742$0▼ $234,742
Prepaid Expenses and Deferred Charges$23,839$20,367▼ $3,472
Land, Buildings, and Equipment, Net$10,911$6,764▼ $4,147
Total Assets$1,303,471$809,327▼ $494,144
Other Assets Total$28,696$28,696→ $0
Liabilities
Accounts Payable and Accrued Expenses$43,510$27,736▼ $15,774
Total Liabilities$43,510$27,736▼ $15,774
Net Assets / Fund Balance
Temporarily Rstr Net Assets$942,742$558,772▼ $383,970
Unrestricted Net Assets$317,219$222,819▼ $94,400
Total Net Assets Fund Balance$1,259,961$781,591▼ $478,370
Total Liabilities and Net Assets / Fund Balance$1,303,471$809,327▼ $494,144

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,136$13,072$18,208
Leasehold Improvements$1,628$2,838$4,466
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric BrandtVice President of ProgramsFT$105,863$10,904$116,767
Beth SchmidtFounder & Executive ChairmanFT$37,319$1,665$38,984

Board Members and Trustees

NameTitle
Shanna NasiriTrustee
Michael PolanskySecretary
Doug KrebsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$904,696
Program Service Revenue
$66,474
Investment Income
$0
Other Revenue
$0
All Other Contributions
$904,696
Change in Net Assets
$-478,370

Audited Revenue Reconciliation

Revenue per Audited Statements
$971,170
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$971,170
Total Revenue per Form 990
$971,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$520,564
Salaries, Compensation, and Employee Benefits$493,476
Other Expenses$435,500
Total Fundraising Expense$48,188
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$520,564--$520,564
Other Salaries and Wages$348,300$23,784$6,768$378,852
Fees for Services Other$115,805$285$35,200$151,290
Office Expenses$81,453$27,870$61$109,384
Fees for Services Accounting$21,466$50,082-$71,548
Travel$37,213$11,107$4,759$53,079
Other Employee Benefits$32,822$6,359$348$39,529
Current Officers, Directors, Trustees, and Key Employees$35,840$2,448$696$38,984
Payroll Taxes$29,984$5,809$318$36,111
Fees for Services Management$9,264$21,616-$30,880
Depreciation Depletion-$6,791-$6,791
Advertising$4,274$949-$5,223
Insurance-$3,513-$3,513
Other Expenses$3,529$225$38$225
Total Functional Expenses$1,240,514$160,838$48,188$1,449,540

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,449,540
Total Expenses per Audited Statements$1,449,540
Total Expenses per Form 990$1,449,540
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 11B

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
4155807294
Address
850 Montgomery Street No 350, San Francisco, CA 94133

Signing Officer

Name
Beth Schmidt
Title
Founder and Executive Chairman
Phone
4155807294
Signed
2017-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Schmidt
Formed
2010
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
9
Volunteers
0

Preparer

Firm
Bpm Llp
Address
2000 University Ave Ste 201, East Palo Alto, CA 94303
Preparer
Carolyn R Amster
Phone
6508556800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

OUTSIDE CONTRACTORS: Program service expenses 115,805. Management and general expenses 285. Fundraising expenses 35,200. Total expenses 151,290.

form 990, part XII, line 2C

THE ORGANIZATION'S BOARD OF DIRECTORS OVERSEE THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE haVE BEEN NO CHANGES FROM PRIOR YEARS.

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IRS990/Desc0WISHBONE SOURCES LOW-INCOME high school STUDENTS WITH POTENTIAL AND CONNECTS THEM TO a large database of summer programs that align with their passions. We provide each student with a platform to crowd source the cost of their program by reaching out to their personal networks of friends, family and teachers. In addition we receive private funding, scholarships and discounted rates from our various program partners.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05136
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013072
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018208
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01449540
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01628
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02838
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04466
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0971170
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06764
IRS990ScheduleD/TotalExpensesPerForm990Amt01449540
IRS990ScheduleD/TotalRevenuePerForm990Amt0971170
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0971170
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01449540
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0520564
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0413
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant funds are monitored within the financial system or independently, depending on grant type and restrictions, if any.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
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/ExplanationTxt5OUTSIDE CONTRACTORS: Program service expenses 115,805. Management and general expenses 285. Fundraising expenses 35,200. Total expenses 151,290.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S BOARD OF DIRECTORS OVERSEE THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE haVE BEEN NO CHANGES FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6form 990, part xii, line 2c
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/StatesWhereCopyOfReturnIsFldCd1CT
IRS990/StatesWhereCopyOfReturnIsFldCd2IL
IRS990/StatesWhereCopyOfReturnIsFldCd3MA
IRS990/StatesWhereCopyOfReturnIsFldCd4NJ
IRS990/StatesWhereCopyOfReturnIsFldCd5NY
IRS990/StatesWhereCopyOfReturnIsFldCd6CO
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0942742
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0558772
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt01303471
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0904696
IRS990/TotalEmployeeCnt09
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0160838
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01240514
IRS990/TotalFunctionalExpensesGrp/TotalAmt01449540
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt043510
IRS990/TotalLiabilitiesEOYAmt027736
IRS990/TotalLiabilitiesGrp/BOYAmt043510
IRS990/TotalLiabilitiesGrp/EOYAmt027736
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01259961
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0781591
IRS990/TotalOtherCompensationAmt012569
IRS990/TotalProgramServiceExpensesAmt01240514
IRS990/TotalProgramServiceRevenueAmt066474
IRS990/TotalReportableCompFromOrgAmt0143182
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt066474
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0971170
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01303471
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0809327
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt04759
IRS990/TravelGrp/ManagementAndGeneralAmt011107
IRS990/TravelGrp/ProgramServicesAmt037213
IRS990/TravelGrp/TotalAmt053079
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0317219
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0222819
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0850 Montgomery
IRS990/USAddress/CityNm0san francisco
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094133
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.wishbone.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Beth Schmidt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder and Executive Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum04155807294
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wishboneorg
ReturnHeader/Filer/BusinessNameControlTxt0WISH
ReturnHeader/Filer/EIN0273354192
ReturnHeader/Filer/PhoneNum04155807294
ReturnHeader/Filer/USAddress/AddressLine1Txt0850 Montgomery Street No 350
ReturnHeader/Filer/USAddress/CityNm0San Francisco
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094133
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId072B1DA3BB6D9854A15F466378DF67564E7612084
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.203.91.180
ReturnHeader/FilingSecurityInformation/IPDt02017-06-26
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm015:01:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814234542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BPM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02000 University Ave Ste 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0East Palo Alto
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA

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