Civic Intelligence

Evonexus

990 • Fiscal year 2016 • EIN 33-0827743

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

4250 Executive Square No 200LA Jolla, CA 92037

(858) 768-5052

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-2.4%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

97th percentile

$454,539

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 26.5% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

18th percentile

-6.3%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

4.1%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$472,575

Down $32,029 (-6.3%) from 2015

Net Assets

Down

$462,117

Down $41,332 (-8.2%) from 2015

Liabilities

Up

$10,458

Up $9,303 (+805%) from 2015

Revenue

Up

$1,714,876

Up $66,781 (+4.1%) from 2015

Expenses

Up

$1,756,208

Up $26,127 (+1.5%) from 2015

Net Income

Up

-$41,332

Up $40,654 (+50%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $504,604Liabilities 2015: $1,155Net Assets 2015: $503,4492015Assets 2016: $472,575Liabilities 2016: $10,458Net Assets 2016: $462,1172016Assets 2017: $257,212Liabilities 2017: $10,004Net Assets 2017: $247,2082017Assets 2018: $416,338Liabilities 2018: $9,074Net Assets 2018: $407,2642018Assets 2019: $467,293Liabilities 2019: $47,684Net Assets 2019: $419,6092019Assets 2020: $760,926Liabilities 2020: $5,796Net Assets 2020: $755,1302020Assets 2022: $1,183,177Liabilities 2022: $6,087Net Assets 2022: $1,177,0902022Assets 2024: $331,264Liabilities 2024: $2,107Net Assets 2024: $329,1572024

Highlighted filing

2016

Assets$472,575
Liabilities$10,458
Net Assets$462,117

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,648,095Expenses 2015: $1,730,081Net Income 2015: -$81,9862015Revenue 2016: $1,714,876Expenses 2016: $1,756,208Net Income 2016: -$41,3322016Revenue 2017: $1,292,898Expenses 2017: $1,507,807Net Income 2017: -$214,9092017Revenue 2018: $1,617,403Expenses 2018: $1,457,347Net Income 2018: $160,0562018Revenue 2019: $2,348,779Expenses 2019: $2,336,434Net Income 2019: $12,3452019Revenue 2020: $2,447,434Expenses 2020: $2,111,913Net Income 2020: $335,5212020Revenue 2022: $1,946,708Expenses 2022: $1,953,605Net Income 2022: -$6,8972022Revenue 2024: $884,459Expenses 2024: $1,197,648Net Income 2024: -$313,1892024

Highlighted filing

2016

Revenue$1,714,876
Expenses$1,756,208
Net Income-$41,332
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,714,876
Mission and Program Overview

Mission

Evonexus delivers value to the technology ecosystem through our non-profit incubator for high-tech early stage companies by providing access to capital, long-term incubation and mentorship, graduating independent companies and creating jobs for the region.

Evonexus delivers value to the technology industry through programs that provide access to capital, talent and business development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$418,545$462,191▲ $43,646
Rtn Earn Endowment Incm Other Fnds$503,449$462,117▼ $41,332
Land, Buildings, and Equipment, Net$26,052$10,384▼ $15,668
Cash and Non-Interest-Bearing Accounts$7--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$504,604$472,575▼ $32,029
Other Assets Total$60,000$0▼ $60,000
Liabilities
Other Liabilities$1,155$10,458▲ $9,303
Total Liabilities$1,155$10,458▲ $9,303
Net Assets / Fund Balance
Total Net Assets Fund Balance$503,449$462,117▼ $41,332
Total Liabilities and Net Assets / Fund Balance$504,604$472,575▼ $32,029

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,384$129,464$139,848
Leasehold Improvements$0$61,211$61,211
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rory MooreCEOFT$354,539$100,000$454,539
Vadm Walter Davis Usn RetVP, Organizational DevelopmentPT$18,000-$18,000

Board Members and Trustees

NameTitle
Mike SalfityOfficer - Chairman
Tom TullieOfficer - Vice Chairman
Adam GouldBoard Director
Alex KunczynskiBoard Director
Aliza CarpioBoard Director
Bill EignerBoard Director
Bruce LeeBoard Director
Burton M GoldfieldBoard Director
Chad AdamsBoard Director
Chris BakerBoard Director
Dave MaqueraBoard Director
David MarinoBoard Director
Eddie RodriguezBoard Director
Eric OttersonBoard Director
George CacioppoBoard Director
Greg HallerBoard Director
James NolanBoard Director
Jeff BeckerBoard Director
John ElliottBoard Director
John MajorBoard Director
John TurnerBoard Director
Jordan BeckerBoard Director
Kenneth J RollinsBoard Director
Larry PaulsonBoard Director
Lixin ChengBoard Director
Marco ThompsonBoard Director
Mario DiezBoard Director
Mark DruckerBoard Director
Mark SkaistBoard Director
Min ParkBoard Director
Naveen DharBoard Director
Rick BaldridgeBoard Director
Rob DouglasBoard Director
Robert KornegayBoard Director
Rocky ViennaBoard Director
Steve RowlesOfficer - Secretary
Tim HollOfficer - Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$125,000
Program Service Revenue
$1,589,543
Investment Income
$256
Other Revenue
$77
Change in Net Assets
$-41,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$992,669
Other Expenses$763,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$472,539-$472,539
Fees for Services Other-$468,601-$468,601
Other Salaries and Wages-$399,099-$399,099
All Other Expenses-$66,492-$66,492
Other Employee Benefits-$66,318-$66,318
Payroll Taxes-$54,713-$54,713
Office Expenses-$24,671-$24,671
Travel-$20,771-$20,771
Depreciation Depletion-$20,511-$20,511
Advertising-$20,413-$20,413
Other Expenses-$16,071-$16,071
Insurance-$8,916-$8,916
Total Functional Expenses$0$1,756,208$0$1,756,208
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$10,458
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 6

The organization has members on the board of directors and sponsorship members that are not on the board of directors.

Form 990, Part VI, Section A, Line 7A

Members meeting certain participation criteria may offer an individual for election to the board of directors. The board of directors however is solely responsible for the election of all board directors.

Form 990, Part VI, Section B, Line 11B

The organization utilizes a public accounting firm to prepare its form 990. After the firm prepares the form 990, the ceo and controller of evonexus review the form before it is finalized and signed.

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

The board reviews the conflict of interest policy yearly. It is also signed by new members.

Form 990, Part VI, Section B, Line 15

The executive committee of the board of directors conducts an annual compensation review for all compensated officers and directors that includes a review of comparability data and contemporaneous substantiation of the deliberation and decision before approving compensation packages for these individuals.

Form 990, Part VI, Section C, Line 18

The organization will provide a copy of the documents listed upon request from the public.

Form 990, Part VI, Section C, Line 19

The organization will make its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Evonexus
EIN
33-0827743
Phone
8587685052
Address
4250 EXECUTIVE SQUARE NO 200, LA JOLLA, CA 92037

Signing Officer

Name
Edward R Moore
Title
CEO
Phone
8587685052
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward R Moore
Formed
1998
Legal Domicile
CA
Voting Board Members
39
Independent Board Members
2
Employees
15
Volunteers
130

Preparer

Firm
Pkf
Address
2020 CAMINO DEL RIO N 500, SAN DIEGO, CA 92108
Preparer
Paul Rutledge
Phone
6192381040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 0. Management and general expenses 20,048. Fundraising expenses 0. Total expenses 20,048. Bank & merchant fees: program service expenses 0. Management and general expenses 2,846. Fundraising expenses 0. Total expenses 2,846. Hr & payroll services: program service expenses 0. Management and general expenses 17,678. Fundraising expenses 0. Total expenses 17,678. Property management: program service expenses 0. Management and general expenses 387,625. Fundraising expenses 0. Total expenses 387,625. Audit & legal fees: program service expenses 0. Management and general expenses 40,404. Fundraising expenses 0. Total expenses 40,404.

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IRS990/Desc0EVONEXUS INCUBATORA PRO-BONO STARTUP TECHNOLOGY INCUBATOR LAUNCHING VITAL AND SUSTAINABLE COMPANIES INTO SOUTHERN CALIFORNIA'S INNOVATION ECOSYSTEM. EVONEXUS EMPOWERS MOTIVATED ENTREPRENEURS TO TURN THEIR TRANSFORMATIVE IDEAS INTO FUNDABLE, COMMERCIALLY VIABLE COMPANIES. EVONEXUS LEVERAGES COMMUNITY RESOURCES TO PROVIDE WHAT ENTREPRENEURS NEED, WITHOUT REQUIRING THEM TO SURRENDER EQUITY.EVONEXUS STATISTICS TO DATE: - 1600 APPLICATIONS RECEIVED - 48 COMPANIES CURRENTLY INCUBATING - 181 COMPANIES ADMITTED - 18 ACQUISITIONS TO DATE - $1.3B IN TOTAL VENTURE FUNDING AND ACQUISTION OUTCOMES BY COMPANIES - 2500+ JOBS CREATED
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IRS990/Form990PartVIISectionAGrp/PersonNm30ERIC OTTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm31MIN PARK
IRS990/Form990PartVIISectionAGrp/PersonNm32LARRY PAULSON
IRS990/Form990PartVIISectionAGrp/PersonNm33EDDIE RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm34KENNETH J ROLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm35MARK SKAIST
IRS990/Form990PartVIISectionAGrp/PersonNm36MARCO THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm37JOHN TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm38ROCKY VIENNA
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VP, ORGANIZATIONAL DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1OFFICER - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3OFFICER - SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4OFFICER - CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5OFFICER - VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37BOARD DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38BOARD DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt039
IRS990/GovernmentGrantsAmt030000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01714876
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InsuranceGrp/TotalAmt08916
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt026052
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IRS990/LandBldgEquipCostOrOtherBssAmt0201059
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EVONEXUS DELIVERS VALUE TO THE TECHNOLOGY INDUSTRY THROUGH PROGRAMS THAT PROVIDE ACCESS TO CAPITAL, TALENT AND BUSINESS DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0503449
IRS990/NetAssetsOrFundBalancesEOYAmt0462117
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd01
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024671
IRS990/OfficeExpensesGrp/TotalAmt024671
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X

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