Civic Intelligence

Acenet Ventures Inc

EIN 31-1688567 • 501(c)3 • Athens, OH

Profile

To provide loans and technical assistance to various businesses in southeast ohio in order to increase job opportunities especially for low income, or unemployed individuals.

94 Columbus RoadAthens, OH 45701

www.acenetworks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.68x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

99th percentile

16.88x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

13th percentile

-60%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Down

$117,843

Down $209,977 (-64%) from 2014

Liabilities

Down

$197,873

Down $202,952 (-51%) from 2014

Net Assets

Down

-$80,030

Down $7,025 (-9.6%) from 2014

Revenue

Up

$11,721

Up $1,542 (+15%) from 2014

Expenses

Down

$18,746

Down $16,712 (-47%) from 2014

Net Income

Up

-$7,025

Up $18,254 (+72%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2014: $327,820Liabilities 2014: $400,825Net Assets 2014: -$73,0052014Assets 2015: $117,843Liabilities 2015: $197,873Net Assets 2015: -$80,0302015

Highlighted filing

2015

Assets$117,843
Liabilities$197,873
Net Assets-$80,030

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2014: $10,179Expenses 2014: $35,458Net Income 2014: -$25,2792014Revenue 2015: $11,721Expenses 2015: $18,746Net Income 2015: -$7,0252015

Highlighted filing

2015

Revenue$11,721
Expenses$18,746
Net Income-$7,025

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 6, 2016
Return Version
2015v2.1
Gross Receipts
$11,721
Mission and Program Overview

Mission

To provide loans and technical assistance to various businesses in southeast ohio in order to increase job opportunities especially for low income, or unemployed individuals.

Program Services

DescriptionGrantsExpenses
PROVIDED LOANS AND TECHNICAL ASSISTANCE TO VARIOUS BUSINESSES IN SOUTHEAST, OHIO.-$14,859
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TONYA CONRATHBd. Trustee-$0--
BRENT HARTMANBd. Trustee-$0--
ANDREA LEWISBd. Trustee-$0--
DONNA RUSSELLBd. Trustee-$0--
STACY STRAUSSBd. Trustee-$0--
RIC WASSERMANBd. Trustee-$0--
ARIANA ULLOA-OLAVARRIETABd. Trustee-$0--
AARON THOMASBd. Trustee-$0--
PHILIP MEYERBd. Trustee-$0--
KATHRYN MCGUSHINBd. Trustee-$0--
KRISTIN MILLERBd. Trustee-$0--
LARRY FISHERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Acenet Ventures Inc
EIN
31-1688567
Phone
7405923854
Address
94 COLUMBUS ROAD, ATHENS, OH 45701

Signing Officer

Name
Larry Fisher
Title
Director
Phone
7405923854
Signed
2016-07-06
Discuss with paid preparer
Yes

Preparer

Firm
Romine Cpas and Associates
Address
6895 E MAIN ST, REYNOLDSBURG, OH 43068-3156
Preparer
Shain E Colley
Phone
6147552727
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses interest 1,583 insurance 1,500 credit bureau fees 75 collection fees 1,158 ucc filing renewal 36 bank service fee 5 grant related 1,211 total 5,568

Form 990-ez, Part II, Line 24

Various loans 241,325 149,144 less allowance 52,407 41,668 net 188,918 107,476 prepaid insurance 1,500 1,500 total 190,418 108,976

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 16,179 3,269 unsecured notes and loans payable 241,500 194,604 mortgage and other notes payable 143,146 0

Form 990-ez, Part III

To provide loans and technical assistance to various businesses in southeast ohio in order to increase job opportunities especially for low income, or unemployed individuals.

Raw XML Appendix175 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/ExplanationTxt0EXPENSES INTEREST 1,583 INSURANCE 1,500 CREDIT BUREAU FEES 75 COLLECTION FEES 1,158 UCC FILING RENEWAL 36 BANK SERVICE FEE 5 GRANT RELATED 1,211 TOTAL 5,568
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VARIOUS LOANS 241,325 149,144 LESS ALLOWANCE 52,407 41,668 NET 188,918 107,476 PREPAID INSURANCE 1,500 1,500 TOTAL 190,418 108,976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 16,179 3,269 UNSECURED NOTES AND LOANS PAYABLE 241,500 194,604 MORTGAGE AND OTHER NOTES PAYABLE 143,146 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO PROVIDE LOANS AND TECHNICAL ASSISTANCE TO VARIOUS BUSINESSES IN SOUTHEAST OHIO IN ORDER TO INCREASE JOB OPPORTUNITIES ESPECIALLY FOR LOW INCOME, OR UNEMPLOYED INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02016-09-27 15:27:22Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY FISHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07405923854
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ReturnHeader/Filer/EIN0311688567
ReturnHeader/Filer/PhoneNum07405923854
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06895 E MAIN ST
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-06
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ReturnHeader/ReturnTs02016-07-12T08:13:09-05:00
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ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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