Civic Intelligence

The Vera Project

990 • Fiscal year 2020 • EIN 31-1816016

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

61st percentile

0.11x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.12x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

44th percentile

3.3%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

60th percentile

12%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-21%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$769,242

Up $82,065 (+12%) from 2019

Net Assets

Up

$681,725

Up $24,049 (+3.7%) from 2019

Liabilities

Up

$87,517

Up $58,016 (+197%) from 2019

Revenue

Down

$721,757

Down $188,194 (-21%) from 2019

Expenses

Down

$697,708

Down $258,263 (-27%) from 2019

Net Income

Up

$24,049

Up $70,069 (+152%) from 2019

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

2020

Assets$769,242
Liabilities$87,517
Net Assets$681,725

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

2020

Revenue$721,757
Expenses$697,708
Net Income$24,049
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$758,659
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$503,904$410,521▼ $93,383
Cash and Non-Interest-Bearing Accounts$105,445$185,124▲ $79,679
Prepaid Expenses and Deferred Charges$64,550$161,069▲ $96,519
Accounts Receivable$13,278$12,528▼ $750
Total Assets$687,177$769,242▲ $82,065
Liabilities
Accounts Payable and Accrued Expenses$29,501$87,517▲ $58,016
Total Liabilities$29,501$87,517▲ $58,016
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$657,676$681,725▲ $24,049
Total Net Assets Fund Balance$657,676$681,725▲ $24,049
Total Liabilities and Net Assets / Fund Balance$687,177$769,242▲ $82,065

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$408,018$839,196$1,247,214
Equipment$2,503$242,025$244,528
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jenelle ClarkCo-chair
Jonathan ZwickelCo-chair
Kim WestVice-chair
Abe ClaiborneBoard Member
Cheri KramerBoard Member
Mary RobinsBoard Member
Phil BouieBoard Member
Scott RosenBoard Member
Tessa TenborgBoard Member
Andrea AllsopSecretary
Rebecca DenkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$623,520
Program Service Revenue
$98,297
Investment Income
$0
Other Revenue
$-60
All Other Contributions
$320,400
Change in Net Assets
$24,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,369
Salaries, Compensation, and Employee Benefits$293,339
Total Fundraising Expense$59,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$190,356$49,880$53,103$293,339
Depreciation Depletion-$94,533-$94,533
Other Expenses$28,324$63,703$1,287$93,314
Occupancy-$10,091-$10,091
All Other Expenses$4,818--$4,818
Total Functional Expenses$410,843$227,431$59,434$697,708
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,902
Fundraising Gross Income$30,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$106,305$30,500$36,902$-6,402
Adftk----
Total Events$106,305$30,500$36,902$-6,402
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
Backup withholding compliance
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 Garboski
Title
Executive Director
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Graboski
Formed
2002
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
9
Volunteers
175

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.

Raw XML AppendixShowing 400 of 474 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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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0161069
IRS990/PrincipalOfficerNm0RICKY GRABOSKI
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1711190
IRS990/ProgramServiceRevenueGrp/BusinessCd2711110
IRS990/ProgramServiceRevenueGrp/Desc0THEATER RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1CONCERTS
IRS990/ProgramServiceRevenueGrp/Desc2ARTS PROGRAMMING
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt170642
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221412
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/ExpenseAmt041084
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 2020, FULFILLING 6,604 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 131 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2020, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt061626
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0550884
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0650539
IRS990/PYOtherRevenueAmt02228
IRS990/PYProgramServiceRevenueAmt0356839
IRS990/PYRevenuesLessExpensesAmt0-46020
IRS990/PYSalariesCompEmpBnftPaidAmt0305432
IRS990/PYTotalExpensesAmt0955971
IRS990/PYTotalRevenueAmt0909951
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt024049
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0522922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0551588
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0486305
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0314183
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0241544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02116542
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0103519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt057583
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt069108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt044685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt082040
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0356935
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt095318
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0300780
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0276978
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0238660
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0213875
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01125611
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/PublicSupportTotal509Amt03599088
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0721759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0909951
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0832391
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0597528
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0537459
IRS990ScheduleA/Total509Grp/TotalAmt03599088
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0721759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0909951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0832391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0597528
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0537459
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03599088
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/EquipmentGrp/BookValueAmt02503
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242025
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0244528
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0408018
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0839196
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01247214
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/TotalBookValueLandBuildingsAmt0410521
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt075805
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt075805
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036902
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ADFTK
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0106305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0106305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030500
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt030500
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6402
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036902
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036902
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
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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