Civic Intelligence

The Vera Project

990 • Fiscal year 2019 • EIN 31-1816016

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

54th percentile

0.04x

Higher debt load relative to assets than 54% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

51st percentile

0.03x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

27th percentile

-5.1%

Higher net margin than 27% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

64th percentile

$45,167

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

22nd percentile

-5.7%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

12%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$687,177

Down $41,741 (-5.7%) from 2018

Net Assets

Down

$657,676

Down $46,020 (-6.5%) from 2018

Liabilities

Up

$29,501

Up $4,279 (+17%) from 2018

Revenue

Up

$909,951

Up $100,022 (+12%) from 2018

Expenses

Up

$955,971

Up $150,170 (+19%) from 2018

Net Income

Down

-$46,020

Down $50,148 (-1215%) from 2018

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

2019

Assets$687,177
Liabilities$29,501
Net Assets$657,676

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

2019

Revenue$909,951
Expenses$955,971
Net Income-$46,020
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$944,408
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$597,284$503,904▼ $93,380
Cash and Non-Interest-Bearing Accounts$107,614$105,445▼ $2,169
Prepaid Expenses and Deferred Charges$9,242$64,550▲ $55,308
Accounts Receivable$14,778$13,278▼ $1,500
Total Assets$728,918$687,177▼ $41,741
Liabilities
Accounts Payable and Accrued Expenses$25,222$29,501▲ $4,279
Total Liabilities$25,222$29,501▲ $4,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$703,696$657,676▼ $46,020
Total Net Assets Fund Balance$703,696$657,676▼ $46,020
Total Liabilities and Net Assets / Fund Balance$728,918$687,177▼ $41,741

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$503,904$986,688$1,490,592
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ricky GraboskiExecutive DirectorFT$45,167$45,167

Board Members and Trustees

NameTitle
Jenelle ClarkCo-chair
Jonathan ZwickelCo-chair
Kim WestVice-chair
Cheri KramerBoard Member
Phil BouieBoard Member
Rebecca DenkBoard Member
Sunny HongBoard Member
Tessa TenborgBoard Member
Cleo BarnettSecretary
Andrea AllsopTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550,884
Program Service Revenue
$356,839
Investment Income
$0
Other Revenue
$2,228
All Other Contributions
$276,561
Change in Net Assets
$-46,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$650,539
Salaries, Compensation, and Employee Benefits$305,432
Total Fundraising Expense$202,765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$177,151$33,597$94,684$305,432
Other Expenses$59,507$11,286$31,804$102,597
Depreciation Depletion-$93,380-$93,380
Occupancy$58,148$3,105$5,931$66,184
All Other Expenses-$10,611-$10,611
Total Functional Expenses$599,420$154,785$202,765$955,971
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,000
Fundraising Direct Expenses$34,296
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$132,466$35,000$22,072$12,928
Adftk$26,520---
Total Events$234,122$35,000$34,296$704
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 35% controlled entity
No
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
Ricky Graboski
Title
Executive Director
Signed
2020-11-16
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
Kingma CPA Firm PC
Address
31560 SR 20 Suite 201, Oak Harbor, WA 98277
Preparer
Jordan J Kingma
Phone
3606793434
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

232 new and active volunteers were utilized in 3,380 volunteer 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/ProgramServiceRevenueGrp/Desc1THEATER RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc3ARTS PROGRAMMING
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01295
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114701
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2298985
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt341858
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/ExpenseAmt072874
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 2019, FULFILLING 6,604 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 131 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2019, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt085382
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0486305
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0577616
IRS990/PYOtherRevenueAmt0-18266
IRS990/PYProgramServiceRevenueAmt0341890
IRS990/PYRevenuesLessExpensesAmt04128
IRS990/PYSalariesCompEmpBnftPaidAmt0228185
IRS990/PYTotalExpensesAmt0805801
IRS990/PYTotalRevenueAmt0809929
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-46020
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0551588
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0486305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0314183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0241544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0231719
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01825339
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt057583
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt069108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt044685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt082040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt066462
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0319878
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0300780
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0276978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0238660
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0213875
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0203447
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01233740
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/PublicSupportTotal509Amt03378957
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0909951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0832391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0597528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0537459
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0501628
IRS990ScheduleA/Total509Grp/TotalAmt03378957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0909951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0832391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0597528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0537459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0501628
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03378957
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0503904
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0986688
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/TotalBookValueLandBuildingsAmt0503904
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0199122
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt097466
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt026520
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt075136
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034296
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02200
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02200
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADFTK
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt010024
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt010024
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0132466
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt026520
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt075136
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0234122
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0704
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022072
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022072
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/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
IRS990/SchoolOperatingInd0false

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