Civic Intelligence

Microenterprise Resources Initiatives & Training

990 • Fiscal year 2020 • EIN 41-2247717

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.MERITPNW.ORG
2640 Portland Road NESalem, OR 97301

(503) 584-7314

Siviq Scores

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

Liabilities / Assets

80th percentile

0.19x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-5.9%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$52,488

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$25,593

Down $17,341 (-40%) from 2019

Net Assets

Down

$20,768

Down $16,653 (-45%) from 2019

Liabilities

Down

$4,825

Down $688 (-12%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin32nd percentile

Revenue

Up

$281,388

Up $38,779 (+16%) from 2019

Expenses

Down

$298,041

Down $151 (-0.1%) from 2019

Net Income

Up

-$16,653

Up $38,930 (+70%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$300K$200K$100K$0-$100KAssets 2011: $141,920Liabilities 2011: $87,4932011Assets 2012: $190,380Liabilities 2012: $90,000Net Assets 2012: $100,3802012Assets 2013: $135,729Liabilities 2013: $26,472Net Assets 2013: $109,2572013Assets 2014: $99,048Liabilities 2014: $28,416Net Assets 2014: $70,6322014Assets 2015: $90,512Liabilities 2015: $3,520Net Assets 2015: $86,9922015Assets 2016: $134,271Liabilities 2016: $34,411Net Assets 2016: $99,8602016Assets 2017: $298,532Liabilities 2017: $101,550Net Assets 2017: $196,9822017Assets 2018: $95,761Liabilities 2018: $71,317Net Assets 2018: $24,4442018Assets 2019: $42,934Liabilities 2019: $5,513Net Assets 2019: $37,4212019Assets 2020: $25,593Liabilities 2020: $4,825Net Assets 2020: $20,7682020Assets 2021: $224,346Liabilities 2021: $126,688Net Assets 2021: $97,6582021Assets 2022: $35,746Liabilities 2022: $58,494Net Assets 2022: -$22,7482022Assets 2023: $36,649Liabilities 2023: $9,996Net Assets 2023: $26,6532023

Highlighted filing

2020

Assets$25,593
Liabilities$4,825
Net Assets$20,768
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

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

$400K$200K$0-$200KRevenue 2011: $183,301Expenses 2011: $183,468Net Income 2011: -$1672011Revenue 2012: $279,372Expenses 2012: $236,931Net Income 2012: $42,4412012Revenue 2013: $213,581Expenses 2013: $204,704Net Income 2013: $8,8772013Revenue 2014: $196,124Expenses 2014: $234,749Net Income 2014: -$38,6252014Revenue 2015: $195,345Expenses 2015: $179,285Net Income 2015: $16,0602015Revenue 2016: $291,903Expenses 2016: $263,609Net Income 2016: $28,2942016Revenue 2017: $375,485Expenses 2017: $285,268Net Income 2017: $90,2172017Revenue 2018: $156,935Expenses 2018: $329,473Net Income 2018: -$172,5382018Revenue 2019: $242,609Expenses 2019: $298,192Net Income 2019: -$55,5832019Revenue 2020: $281,388Expenses 2020: $298,041Net Income 2020: -$16,6532020Revenue 2021: $337,001Expenses 2021: $288,171Net Income 2021: $48,8302021Revenue 2022: $158,688Expenses 2022: $279,094Net Income 2022: -$120,4062022Revenue 2023: $270,261Expenses 2023: $220,860Net Income 2023: $49,4012023

Highlighted filing

2020

Revenue$281,388
Expenses$298,041
Net Income-$16,653
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$281,388
Mission and Program Overview

Mission

The merit mission is to help people explore, launch, and grow successful small businesses through training and support. We exist to help underserved people increase income and build assets through self-employment and workforce preparation.

Helping people start, launch, and grow successful microbusinesses through training and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$39,369$21,671▼ $17,698
Prepaid Expenses and Deferred Charges-$445-
Land, Buildings, and Equipment, Net$375$287▼ $88
Total Assets$42,934$25,593▼ $17,341
Other Assets Total$3,190$3,190→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,513$4,825▼ $688
Total Liabilities$5,513$4,825▼ $688
Net Assets / Fund Balance
Net Assets With Donor Restrictions$37,421$20,768▼ $16,653
Total Net Assets Fund Balance$37,421$20,768▼ $16,653
Total Liabilities and Net Assets / Fund Balance$42,934$25,593▼ $17,341

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$287$481$768
Other Assets Org$3,190--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Genevieve SheridanOutgoing Executive DirectoFT$52,488$52,488
Victor VasquezExecutive DirectorFT$16,811$16,811

Board Members and Trustees

NameTitle
Sara Curiel-paezPresident
Darrin BrightmanDirector
Jose GarciaSecretary
Quinn BurkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$278,605
Program Service Revenue
$2,783
Investment Income
$0
Other Revenue
$0
All Other Contributions
$37,575
Change in Net Assets
$-16,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$220,777
Other Expenses$77,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,256$26,564-$132,820
Current Officers, Directors, Trustees, and Key Employees$50,242$19,057-$69,299
Payroll Taxes$13,929$4,060-$17,989
Fees for Services Other$9,950$63-$10,013
Fees for Services Accounting-$7,541-$7,541
Advertising$7,378--$7,378
Information Technology-$7,206-$7,206
Conferences and Meetings$5,561$1,025-$6,586
Insurance-$4,323-$4,323
Travel$3,439--$3,439
All Other Expenses$737$2,660-$3,397
Other Expenses$3,368$5,338-$3,368
Occupancy-$3,000-$3,000
Office Expenses-$1,467-$1,467
Other Employee Benefits$533$136-$669
Depreciation Depletion-$88-$88
Total Functional Expenses$201,393$96,648$0$298,041
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
Lobbying activity
No
Subject to proxy tax
No
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, Section B, Line 11B

“Form 990 circulated electronically and in accordance with by-laws.”

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

“Conflict of interest policy is reviewed annually by the board.”

Form 990, Part VI, Section C, Line 19

“All policies, including the conflict of interest policy, articles, by-laws, and financial statements are available upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Microenterprise Resources Initiatives &
EIN
41-2247717
Phone
5035847314
Address
2640 PORTLAND ROAD NE, SALEM, OR 97301
Doing Business As
Merit

Signing Officer

Name
Hugo Munoz
Title
Interim Executive Director
Phone
9565660355
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Vasquez
Formed
2007
Legal Domicile
Or
Voting Board Members
4
Independent Board Members
4
Employees
13
Volunteers
1

Preparer

Firm
The Michael L Larson Company Pc
Address
5665 MEADOWS ROAD SUITE 310, LAKE OSWEGO, OR 97035
Preparer
Frances J Dishman
Phone
5039688152
Raw XML Appendix366 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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IRS990ScheduleD/EquipmentGrp/BookValueAmt0287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0481
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0768
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN LOSS RESERVE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0287
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03190
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 CIRCULATED ELECTRONICALLY AND IN ACCORDANCE WITH BY-LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY, ARTICLES, BY-LAWS, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042934
IRS990/TotalAssetsEOYAmt025593
IRS990/TotalAssetsGrp/BOYAmt042934
IRS990/TotalAssetsGrp/EOYAmt025593
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0278605
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt096648
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0201393
IRS990/TotalFunctionalExpensesGrp/TotalAmt0298041
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05513
IRS990/TotalLiabilitiesEOYAmt04825
IRS990/TotalLiabilitiesGrp/BOYAmt05513
IRS990/TotalLiabilitiesGrp/EOYAmt04825
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020768
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0201393
IRS990/TotalProgramServiceRevenueAmt02783
IRS990/TotalReportableCompFromOrgAmt069299
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02783
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281388
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042934
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025593
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03439
IRS990/TravelGrp/TotalAmt03439
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGO MUNOZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09565660355
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROENTERPRISE RESOURCES INITIATIVES &
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0MERIT
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0412247717
ReturnHeader/Filer/PhoneNum05035847314
ReturnHeader/Filer/USAddress/AddressLine1Txt02640 PORTLAND ROAD NE
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300214195
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE MICHAEL L LARSON COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05665 MEADOWS ROAD SUITE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE OSWEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097035
ReturnHeader/PreparerPersonGrp/PhoneNum05039688152
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCES J DISHMAN
ReturnHeader/ReturnTs02021-05-17T16:58:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,593
Liabilities
$4,825
Net assets
$20,768
Revenue
$281,388
Expenses
$298,041
Net income
-$16,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.37$0.10$0.27$2.70$2.21$0.49
2022Summary only. Only limited summary data is available for this year.$0.36$0.58$0.23$1.59$2.79$1.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.27$0.98$3.37$2.88$0.49
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.05$0.21$2.81$2.98$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.06$0.37$2.43$2.98$0.56
2018Summary only. Only limited summary data is available for this year.$0.96$0.71$0.24$1.57$3.29$1.73
2017Summary only. Only limited summary data is available for this year.$2.99$1.02$1.97$3.75$2.85$0.90
2016Summary only. Only limited summary data is available for this year.$1.34$0.34$1.00$2.92$2.64$0.28
2015Summary only. Only limited summary data is available for this year.$0.91$0.04$0.87$1.95$1.79$0.16
2014Summary only. Only limited summary data is available for this year.$0.99$0.28$0.71$1.96$2.35$0.39
2013Summary only. Only limited summary data is available for this year.$1.36$0.26$1.09$2.14$2.05$0.09
2012Summary only. Only limited summary data is available for this year.$1.90$0.90$1.00$2.79$2.37$0.42
2011Summary only. Only limited summary data is available for this year.$1.42$0.87$1.83$1.83$0.00