Civic Intelligence

Microenterprise Resources Initiatives & Training

990 • Fiscal year 2021 • EIN 41-2247717

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

Organization ProfileWWW.MERITPNW.ORG
4494 River Rd North No 111Keizer, OR 97303

(503) 584-7314

Siviq Scores

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

Liabilities / Assets

90th percentile

0.56x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

0.38x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

58th percentile

14%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

97th percentile

$78,175

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

98th percentile

777%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

20%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$224,346

Up $198,753 (+777%) from 2020

Net Assets

Up

$97,658

Up $76,890 (+370%) from 2020

Liabilities

Up

$126,688

Up $121,863 (+2526%) from 2020

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin58th percentile

Revenue

Up

$337,001

Up $55,613 (+20%) from 2020

Expenses

Down

$288,171

Down $9,870 (-3.3%) from 2020

Net Income

Up

$48,830

Up $65,483 (+393%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2021

Assets$224,346
Liabilities$126,688
Net Assets$97,658
Open 2021 Filing

Operations Trend

Revenue Growth62nd 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

2021

Revenue$337,001
Expenses$288,171
Net Income$48,830
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$337,001
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$21,671$160,191▲ $138,520
Accounts Receivable-$59,766-
Prepaid Expenses and Deferred Charges$445--
Land, Buildings, and Equipment, Net$287$199▼ $88
Total Assets$25,593$224,346▲ $198,753
Other Assets Total$3,190$4,190▲ $1,000
Liabilities
Other Liabilities$0$97,048▲ $97,048
Accounts Payable and Accrued Expenses$4,825$29,640▲ $24,815
Total Liabilities$4,825$126,688▲ $121,863
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,768$97,658▲ $76,890
Total Net Assets Fund Balance$20,768$97,658▲ $76,890
Total Liabilities and Net Assets / Fund Balance$25,593$224,346▲ $198,753

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$199$569$768
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Victor VasquezExecutive DirectorFT$78,175$78,175

Board Members and Trustees

NameTitle
Sara Curiel-paezPresident
Darrin BrightmanDirector
Hugo MunozFund Development
Claudia MacielProgram Coordinator & Ida Specialist
Alex SalazarProgram Manager
Jose GarciaSecretary
Quinn BurkeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$315,511
Program Service Revenue
$21,490
Investment Income
$0
Other Revenue
$0
All Other Contributions
$139,152
Change in Net Assets
$48,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$206,544
Other Expenses$81,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,716$43,257-$186,973
Fees for Services Other$51,672--$51,672
Payroll Taxes$15,046$3,762-$18,808
Occupancy$6,953$1,738-$8,691
All Other Expenses$2,142$2,727-$4,869
Information Technology-$4,294-$4,294
Other Expenses$1,620$405-$2,025
Office Expenses-$1,094-$1,094
Other Employee Benefits$610$153-$763
Advertising$670--$670
Fees for Services Accounting-$400-$400
Depreciation Depletion-$88-$88
Total Functional Expenses$222,429$65,742$0$288,171
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loans$90,815
Other Current Liabilities$4,167
Payroll Liabilities$2,066
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
4494 RIVER RD NORTH NO 111, KEIZER, OR 97303
Doing Business As
Merit

Signing Officer

Name
Hugo Munoz
Title
Program Coordinator
Phone
5035847314
Signed
2022-05-16
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
0
Volunteers
0

Preparer

Firm
The Michael L Larson Company Pc
Address
5665 MEADOWS ROAD SUITE 310, LAKE OSWEGO, OR 97035
Preparer
Michael L Larson
Phone
5039688152
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contract services: program service expenses 51,672. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,672.”

FORM 990, PART XI, LINE 9:

“Accrual to cash adjustments 28,060.”

Raw XML Appendix393 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/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0156935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0375485
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01371928
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt021490
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01371928
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315511
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0281388
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0242609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0156935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0375485
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01371928
IRS990ScheduleA/TotalSupportAmt01371928
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0199
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0569
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0768
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt290815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP LOANS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0199
IRS990ScheduleD/TotalLiabilityAmt097048
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/ExplanationTxt3OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 51,672. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 51,672.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCRUAL TO CASH ADJUSTMENTS 28,060.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt025593
IRS990/TotalAssetsEOYAmt0224346
IRS990/TotalAssetsGrp/BOYAmt025593
IRS990/TotalAssetsGrp/EOYAmt0224346
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0315511
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt065742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222429
IRS990/TotalFunctionalExpensesGrp/TotalAmt0288171
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04825
IRS990/TotalLiabilitiesEOYAmt0126688
IRS990/TotalLiabilitiesGrp/BOYAmt04825
IRS990/TotalLiabilitiesGrp/EOYAmt0126688
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020768
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt097658
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0222429
IRS990/TotalProgramServiceRevenueAmt021490
IRS990/TotalReportableCompFromOrgAmt078175
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021490
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0337001
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025593
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0224346
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04494 RIVER ROAD NORTH
IRS990/USAddress/CityNm0KEIZER
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097303
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MERITPNW.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HUGO MUNOZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PROGRAM COORDINATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05035847314
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROENTERPRISE RESOURCES INITIATIVES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AND TRAINING D/B/A MERIT
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0412247717
ReturnHeader/Filer/PhoneNum05035847314
ReturnHeader/Filer/USAddress/AddressLine1Txt04494 RIVER RD NORTH NO 111
ReturnHeader/Filer/USAddress/CityNm0KEIZER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097303
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/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL L LARSON
ReturnHeader/ReturnTs02022-05-16T18:34:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HUGO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MUNOZ
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,346
Liabilities
$126,688
Net assets
$97,658
Revenue
$337,001
Expenses
$288,171
Net income
$48,830
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
2021Detailed filing. Detailed filing data is available for this year.$2.24$1.27$0.98$3.37$2.88$0.49
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits