Civic Intelligence

The Vera Project

990 • Fiscal year 2018 • EIN 31-1816016

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

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

51st percentile

0.03x

Higher debt load relative to assets than 51% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.03x

Higher debt load relative to revenue than 50% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

42nd percentile

0.5%

Higher net margin than 42% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

67th percentile

$52,708

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

85th percentile

35%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

43%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$728,918

Up $188,399 (+35%) from 2017

Net Assets

Up

$703,696

Up $198,909 (+39%) from 2017

Liabilities

Down

$25,222

Down $10,510 (-29%) from 2017

Revenue

Up

$809,929

Up $245,281 (+43%) from 2017

Expenses

Up

$805,801

Up $177,646 (+28%) from 2017

Net Income

Up

$4,128

Up $67,635 (+107%) from 2017

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

2018

Assets$728,918
Liabilities$25,222
Net Assets$703,696

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

2018

Revenue$809,929
Expenses$805,801
Net Income$4,128
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$842,072
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 nonprofit 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$498,707$597,284▲ $98,577
Cash and Non-Interest-Bearing Accounts$31,817$107,614▲ $75,797
Accounts Receivable$2,263$14,778▲ $12,515
Prepaid Expenses and Deferred Charges$7,508$9,242▲ $1,734
Inventories for Sale or Use$224--
Total Assets$540,519$728,918▲ $188,399
Liabilities
Accounts Payable and Accrued Expenses$35,252$25,222▼ $10,030
Deferred Revenue$480--
Total Liabilities$35,732$25,222▼ $10,510
Net Assets / Fund Balance
Unrestricted Net Assets$504,787$703,696▲ $198,909
Total Net Assets Fund Balance$504,787$703,696▲ $198,909
Total Liabilities and Net Assets / Fund Balance$540,519$728,918▲ $188,399

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$597,284$893,308$1,490,592
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashraf HashamExecutive DirectorFT$52,708$52,708
Timothy LennonExecutive DirectorFT$7,929$7,929

Board Members and Trustees

NameTitle
Amy PinonChair, Acting Treasurer
Brea DunnBoard Member
Brittney Bush BollayBoard Member
Cleo BarnettBoard Member
Jenelle ClarkBoard Member
Jonathan ZwickelBoard Member
Kim WestBoard Member
Phil BouieBoard Member
Sunny HongBoard Member
Kayla DemonteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$486,305
Program Service Revenue
$341,890
Investment Income
$0
Other Revenue
$-18,266
All Other Contributions
$412,605
Change in Net Assets
$4,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$577,616
Salaries, Compensation, and Employee Benefits$228,185
Total Fundraising Expense$77,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$159,252$34,967$33,966$228,185
Depreciation Depletion-$105,561-$105,561
Other Expenses$8,640$57,921$308$66,868
Occupancy$52,053$4,199$724$56,976
All Other Expenses-$32,828-$32,828
Total Functional Expenses$490,747$237,654$77,401$805,801
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$31,105
Fundraising Gross Income$8,643
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$85,743$8,500$14,211$-5,711
Adftk$77,620$143-$143
Total Events$214,068$8,643$31,105$-22,462
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 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
Executive Director
Signed
2019-11-12
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
13
Volunteers
232

Preparer

Firm
Kingma CPA Firm 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

232 new and active volunteers were utilized in 3,380 volunteer opportunities.

Form 990, Part XI, Line 9

136,658 - adjustment to net assets for corrections made to depreciation. 58,123 - excess in tax depreciation over book depreciation.

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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/TotalRevenueColumnAmt02340
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2273615
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt336665
IRS990/ProgSrvcAccomActy2Grp/Desc0YOUTH-ORIENTED MUSIC AND ARTS-BASED EDUCATION PROGRAMMING, INCLUDING CLASSES, WORKSHOPS, OPEN SESSIONS, INTERNSHIPS, AND EXPERIENTIAL LEARNING OPPORTUNITIES, SERVING 752 PEOPLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt085097
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 232 NEW AND ACTIVE VOLUNTEERS IN 2018, FULFILLING 6,604 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 131 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2018, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt075191
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0314183
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0415061
IRS990/PYOtherRevenueAmt011805
IRS990/PYProgramServiceRevenueAmt0238660
IRS990/PYRevenuesLessExpensesAmt0-63507
IRS990/PYSalariesCompEmpBnftPaidAmt0213094
IRS990/PYTotalExpensesAmt0628155
IRS990/PYTotalRevenueAmt0564648
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04128
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0486305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0314183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0241544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0231719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0403338
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01677089
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt069108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt044685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt082040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt066462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt043134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0305429
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0276978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0238660
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0213875
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0203447
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0192386
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01125346
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/PublicSupportTotal509Amt03107864
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0832391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0597528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0537459
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0501628
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0638858
IRS990ScheduleA/Total509Grp/TotalAmt03107864
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0832391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0597528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0537459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0501628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0638858
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03107864
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0597284
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0893308
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01490592
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/TotalBookValueLandBuildingsAmt0597284
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0205425
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt077243
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt077477
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt050705
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt031105
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt03100
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt03100
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADFTK
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt013794
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt013794
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt085743
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt077620
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt050705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0214068
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt08500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0143
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt08643
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-22462
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014211
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014211
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0232 NEW AND ACTIVE VOLUNTEERS WERE UTILIZED IN 3,380 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 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4136,658 - ADJUSTMENT TO NET ASSETS FOR CORRECTIONS MADE TO DEPRECIATION. 58,123 - EXCESS IN TAX DEPRECIATION OVER BOOK DEPRECIATION.
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 XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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