Civic Intelligence

The Vera Project

990 • Fiscal year 2023 • EIN 31-1816016

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

7th percentile

-20%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

12%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$689,621

Down $168,372 (-20%) from 2022

Net Assets

Down

$685,443

Down $161,165 (-19%) from 2022

Liabilities

Down

$4,178

Down $7,207 (-63%) from 2022

Revenue

Up

$1,384,996

Up $143,049 (+12%) from 2022

Expenses

Up

$1,546,161

Up $295,562 (+24%) from 2022

Net Income

Down

-$161,165

Down $152,513 (-1763%) from 2022

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

2023

Assets$689,621
Liabilities$4,178
Net Assets$685,443

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

2023

Revenue$1,384,996
Expenses$1,546,161
Net Income-$161,165
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,454,310
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
Cash and Non-Interest-Bearing Accounts$629,814$544,102▼ $85,712
Land, Buildings, and Equipment, Net$245,078$162,418▼ $82,660
Inventories for Sale or Use$-15$-15→ $0
Accounts Receivable$-16,884$-16,884→ $0
Total Assets$857,993$689,621▼ $168,372
Liabilities
Accounts Payable and Accrued Expenses$11,385$4,178▼ $7,207
Total Liabilities$11,385$4,178▼ $7,207
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$846,608$685,443▼ $161,165
Total Net Assets Fund Balance$846,608$685,443▼ $161,165
Total Liabilities and Net Assets / Fund Balance$857,993$689,621▼ $168,372

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$160,578$1,086,636$1,247,214
Equipment$1,840$242,688$244,528
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jonathan ZwickelChair
Kim WestVice-chair
Aaron CarrBoard Member
Abe ClaiborneBoard Member
Andrew WalshBoard Member
Dana BosBoard Member
Mary RobinsBoard Member
Phil BouieBoard Member
Scott RosenSecretary
Betsy TroutmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$649,685
Program Service Revenue
$669,589
Investment Income
$0
Other Revenue
$65,722
All Other Contributions
$328,928
Change in Net Assets
$-161,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$957,182
Salaries, Compensation, and Employee Benefits$588,979
Total Fundraising Expense$86,978
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$335,503$167,355$86,120$588,979
Other Expenses$63,503$101,674$858$166,035
Occupancy$52,641$73,802-$126,443
Depreciation Depletion-$82,660-$82,660
Total Functional Expenses$1,027,031$432,151$86,978$1,546,161
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$119,595
Fundraising Direct Expenses$68,633
Gaming Gross Income$15,441
Gaming Direct Expenses$681
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Vera Fundraiser$119,595$119,595$68,633$50,962
Total Events$119,595$119,595$68,633$50,962
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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, 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
Phone
2069568372
Address
305 Harrison Street, Seattle, WA 98109

Signing Officer

Name
Ricky Graboski
Title
Executive Director
Phone
2069568372
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Graboski
Formed
2002
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
12

Preparer

Firm
Kingma CPA Firm PC
Address
PO Box 726, Oak Harbor, WA 98277
Preparer
Jordan J Kingma
Phone
3606793434
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

400 new and active volunteers were utilized in 2,800 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/ProgSrvcAccomActy2Grp/Desc0YOUTH-ORIENTED MUSIC AND ARTS-BASED EDUCATION PROGRAMMING, INCLUDING CLASSES, WORKSHOPS, OPEN SESSIONS, INTERNSHIPS, AND EXPERIENTIAL LEARNING OPPORTUNITIES, SERVING 750 PEOPLE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0102703
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 2023, FULFILLING 6,600 VOLUNTEER HOURS IN 1,160 SHIFTS OF A TOTAL OF 3,380 OPPORTUNITIES. ADDITIONALLY, 130 YOUNG PEOPLE PARTICIPATED AS MEMBERS IN 2023, AND OVER 100 YOUNG PEOPLE PARTICIPATED IN OTHER LEADERSHIP OPPORTUNITIES THROUGH VERAS COMMITTEE STRUCTURES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0154055
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0548573
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0727119
IRS990/PYOtherRevenueAmt0132994
IRS990/PYProgramServiceRevenueAmt0560380
IRS990/PYRevenuesLessExpensesAmt0-8652
IRS990/PYSalariesCompEmpBnftPaidAmt0523480
IRS990/PYTotalExpensesAmt01250599
IRS990/PYTotalRevenueAmt01241947
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-161165
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0649685
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0548573
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0796733
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0522922
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0551588
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03069501
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt065722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0272824
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0133961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0103519
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt057583
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0633609
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0669589
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0420550
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0163695
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt095318
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0300780
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01649932
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05353042
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01384996
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01241947
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01094389
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0721759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0909951
IRS990ScheduleA/Total509Grp/TotalAmt05353042
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01384996
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01241947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01094389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0721759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0909951
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05353042
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/BookValueAmt01840
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0244528
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0160578
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01086636
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/TotalBookValueLandBuildingsAmt0162418
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt068633
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VERA FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0119595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0119595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0119595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0119595
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt050962
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt068633
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt068633
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt0681
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt015441
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt015441
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt014760
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssOtherGamingAmt0681
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0681
IRS990ScheduleG/LicensedStatesCd0WA
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0400 NEW AND ACTIVE VOLUNTEERS WERE UTILIZED IN 2,800 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 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, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0857993
IRS990/TotalAssetsEOYAmt0689621
IRS990/TotalAssetsGrp/BOYAmt0857993
IRS990/TotalAssetsGrp/EOYAmt0689621
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0649685
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt086978

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