Civic Intelligence

The Vera Project

990 • Fiscal year 2017 • EIN 31-1816016

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

305 Harrison StreetSeattle, WA 98109

(206) 956-8372

Siviq Scores

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

Liabilities / Assets

57th percentile

0.07x

Higher debt load relative to assets than 57% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

59th percentile

0.06x

Higher debt load relative to revenue than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-11%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

68th percentile

$55,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

13th percentile

-13%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

11%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$540,519

Down $81,149 (-13%) from 2016

Net Assets

Down

$504,787

Down $63,507 (-11%) from 2016

Liabilities

Down

$35,732

Down $17,642 (-33%) from 2016

Revenue

Up

$564,648

Up $55,732 (+11%) from 2016

Expenses

Up

$628,155

Up $54,924 (+9.6%) from 2016

Net Income

Up

-$63,507

Up $808 (+1.3%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $983,206Liabilities 2012: $81,726Net Assets 2012: $901,4802012Assets 2016: $621,668Liabilities 2016: $53,374Net Assets 2016: $568,2942016Assets 2017: $540,519Liabilities 2017: $35,732Net Assets 2017: $504,7872017Assets 2018: $728,918Liabilities 2018: $25,222Net Assets 2018: $703,6962018Assets 2019: $687,177Liabilities 2019: $29,501Net Assets 2019: $657,6762019Assets 2020: $769,242Liabilities 2020: $87,517Net Assets 2020: $681,7252020Assets 2021: $942,628Liabilities 2021: $87,368Net Assets 2021: $855,2602021Assets 2022: $857,993Liabilities 2022: $11,385Net Assets 2022: $846,6082022Assets 2023: $689,621Liabilities 2023: $4,178Net Assets 2023: $685,4432023Assets 2024: $557,335Liabilities 2024: $11,047Net Assets 2024: $546,2882024

Highlighted filing

2017

Assets$540,519
Liabilities$35,732
Net Assets$504,787

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $687,9382012Revenue 2016: $508,916Expenses 2016: $573,231Net Income 2016: -$64,3152016Revenue 2017: $564,648Expenses 2017: $628,155Net Income 2017: -$63,5072017Revenue 2018: $809,929Expenses 2018: $805,801Net Income 2018: $4,1282018Revenue 2019: $909,951Expenses 2019: $955,971Net Income 2019: -$46,0202019Revenue 2020: $721,757Expenses 2020: $697,708Net Income 2020: $24,0492020Revenue 2021: $1,094,389Expenses 2021: $920,854Net Income 2021: $173,5352021Revenue 2022: $1,241,947Expenses 2022: $1,250,599Net Income 2022: -$8,6522022Revenue 2023: $1,384,996Expenses 2023: $1,546,161Net Income 2023: -$161,1652023Revenue 2024: $1,595,935Expenses 2024: $1,735,090Net Income 2024: -$139,1552024

Highlighted filing

2017

Revenue$564,648
Expenses$628,155
Net Income-$63,507
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$597,528
Mission and Program Overview

Mission

The vera project is a music and arts nonprofit dedicated to fostering a participatory creative culture through popular music concerts, arts programs, experiential learning and volunteer opportunities for all ages, especially young people ages 14-24.

The vera project is a music and arts nonproit dedicated to fostering a participatory creative culture through popular music concerts, arts programs, experiential learning, and volunteer leadership opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$600,057$498,707▼ $101,350
Cash and Non-Interest-Bearing Accounts$8,999$31,817▲ $22,818
Prepaid Expenses and Deferred Charges$12,313$7,508▼ $4,805
Accounts Receivable-$2,263-
Inventories for Sale or Use$299$224▼ $75
Total Assets$621,668$540,519▼ $81,149
Liabilities
Accounts Payable and Accrued Expenses$33,174$35,252▲ $2,078
Other Liabilities$15,000--
Deferred Revenue$5,200$480▼ $4,720
Total Liabilities$53,374$35,732▼ $17,642
Net Assets / Fund Balance
Unrestricted Net Assets$568,294$504,787▼ $63,507
Total Net Assets Fund Balance$568,294$504,787▼ $63,507
Total Liabilities and Net Assets / Fund Balance$621,668$540,519▼ $81,149

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$498,707$983,677$1,482,384
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
-Executive DirectorFT$55,000$55,000

Board Members and Trustees

NameTitle
Mikhael Mei WilliamsChair, Acting Treasurer
Amy PinonVice Chair
Brea DunnBoard Member
Brittney Bush BollayBoard Member
Mayuri ReddyBoard Member
Michael ComptonBoard Member
Sarah LoritzBoard Member
Sunny HongBoard Member
Timothy LennonBoard Member
Kayla DemonteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$314,183
Program Service Revenue
$238,660
Investment Income
$0
Other Revenue
$11,805
All Other Contributions
$111,522
Change in Net Assets
$-63,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,061
Salaries, Compensation, and Employee Benefits$213,094
Total Fundraising Expense$65,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$65,755$21,396$33,706$120,857
Depreciation Depletion$64,305$34,370$12,195$110,870
Current Officers, Directors, Trustees, and Key Employees$25,300$16,500$13,200$55,000
Occupancy$195$54,007$525$54,727
Payroll Taxes$6,557$11,926$3,412$21,896
Office Expenses$1,389$14,389$134$15,912
Other Employee Benefits-$15,341-$15,341
Fees for Services Accounting-$11,382-$11,382
Other Expenses$5,143$3,784$271$9,199
Insurance-$6,496-$6,496
Fees for Services Management-$3,161-$3,161
Interest$838$1,784$39$2,661
All Other Expenses$21$733-$754
Travel-$717-$717
Total Functional Expenses$366,286$196,680$65,187$628,155
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,883
Fundraising Direct Expenses$32,530
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Adftk$51,748---
Auction$119,238$36,825$11,284$25,541
Total Events$170,986$36,825$30,491$6,334
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Other Liabilities-
Line of Credit-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Line 11B

The form 990 is reviewed by the finance and executive committees of the board of directors.

Form 990, Part VI, Line 12C

The board of directors reviews and signs a conflict of interest policy at each annual retreat.

Form 990, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available on veras website and upon request.

Filing and Contact Details

Filer

Filer Name
The Vera Project
EIN
31-1816016
Address
305 HARRISON STREET, SEATTLE, WA 98109

Signing Officer

Name
Ashraf Hasham
Title
Exec Director
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashraf Hasham
Formed
2002
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
11

Preparer

Firm
John E Kingma & Assoc CPAs PC
Address
31560 SR 20 Suite 201, Oak Harbor, WA 98277
Preparer
Carrie E Potter
Phone
3606793434
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

174 unique individual volunteers were utilized in over 750 volunteer opportunities.

Form 990, Part III, Line 4

Prog. 3, cont. 68 young people participated as members in 2017, and over 100 young people participated in other leadership opportunities.

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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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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021396
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt065755
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120857
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt03412
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011926
IRS990/PayrollTaxesGrp/ProgramServicesAmt06557
IRS990/PayrollTaxesGrp/TotalAmt021896
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012313
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07508
IRS990/PrincipalOfficerNm0ASHRAF HASHAM
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0711190
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/BusinessCd2711190
IRS990/ProgramServiceRevenueGrp/BusinessCd3711110
IRS990/ProgramServiceRevenueGrp/Desc0PORTABLE PA RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1THEATER RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc3ARTS PROGRAMMING
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0975
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2185709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt325181
IRS990/ProgSrvcAccomActy2Grp/Desc0YOUTH-ORIENTED MUSIC AND ARTS-BASED EDUCATION PROGRAMMING, INCLUDING CLASSES, WORKSHOPS, OPEN SESSIONS, INTERNSHIPS, AND EXPERIENTIAL LEARNING OPPORTUNITIES, SERVING 921 PEOPLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013599
IRS990/ProgSrvcAccomActy3Grp/Desc0YOUTH ENGAGEMENT AND PARTICIPATION, INCLUDING VOLUNTEER LEADERSHIP OPPORTUNITIES AT ALL CONCERT EVENTS AND A MEMBERSHIP STRUCTURE THAT INTEGRATES YOUTH MEMBERS INTO THE ORGANIZATIONS GOVERNANCE AND OPERATIONS. VERA ENGAGED OVER 391 NEW AND ACTIVE VOLUNTEERS IN 2017, FULFILLING 4,244 VOLUNTEER HOURS IN 754 SHIFTS OF A TOTAL OF 3,204 OPPORTUNITIES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01789
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0241544
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0379523
IRS990/PYOtherRevenueAmt053497
IRS990/PYProgramServiceRevenueAmt0213875
IRS990/PYRevenuesLessExpensesAmt0-64315
IRS990/PYSalariesCompEmpBnftPaidAmt0193708
IRS990/PYTotalExpensesAmt0573231
IRS990/PYTotalRevenueAmt0508916
IRS990/ReconcilationRevenueExpnssAmt0-63507
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0314183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0241544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0231719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0403338
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0435543
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01626327
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt044685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt082040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt066462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt043134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0248169
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0484490
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0238660
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0213875
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0203447
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0192386
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt029734
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0878102
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt02988919
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0597528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0537459
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0501628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0638858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0713446
IRS990ScheduleA/Total509Grp/TotalAmt02988919
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0597528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0537459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0501628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0638858
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0713446
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02988919
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0498707
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0983677
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01482384
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LINE OF CREDIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0498707
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0134161
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt082413
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt051748
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030491
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADFTK
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt019207
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt019207
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0119238
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt051748
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0170986
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt036825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt036825
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06334
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011284
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011284
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0174 UNIQUE INDIVIDUAL VOLUNTEERS WERE UTILIZED IN OVER 750 VOLUNTEER OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE FINANCE AND EXECUTIVE COMMITTEES OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND SIGNS A CONFLICT OF INTEREST POLICY AT EACH ANNUAL RETREAT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON VERAS WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROG. 3, CONT. 68 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2017, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part III, Line 4
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

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