Civic Intelligence

Microenterprise Resources Initiatives & Training

990 • Fiscal year 2019 • EIN 41-2247717

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

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

0.13x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

15th percentile

-23%

Higher net margin than 15% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$52,488

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-55%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

55%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$42,934

Down $52,827 (-55%) from 2018

Net Assets

Up

$37,421

Up $12,977 (+53%) from 2018

Liabilities

Down

$5,513

Down $65,804 (-92%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin15th percentile

Revenue

Up

$242,609

Up $85,674 (+55%) from 2018

Expenses

Down

$298,192

Down $31,281 (-9.5%) from 2018

Net Income

Up

-$55,583

Up $116,955 (+68%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2019

Assets$42,934
Liabilities$5,513
Net Assets$37,421
Open 2019 Filing

Operations Trend

Revenue Growth87th 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

2019

Revenue$242,609
Expenses$298,192
Net Income-$55,583
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.1
Gross Receipts
$242,609
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
Accounts Receivable$39,625--
Cash and Non-Interest-Bearing Accounts$52,224$39,369▼ $12,855
Land, Buildings, and Equipment, Net$522$375▼ $147
Total Assets$95,761$42,934▼ $52,827
Other Assets Total$3,390$3,190▼ $200
Liabilities
Deferred Revenue$64,583--
Accounts Payable and Accrued Expenses$6,734$5,513▼ $1,221
Total Liabilities$71,317$5,513▼ $65,804
Net Assets / Fund Balance
Temporarily Rstr Net Assets$24,444$37,421▲ $12,977
Total Net Assets Fund Balance$24,444$37,421▲ $12,977
Total Liabilities and Net Assets / Fund Balance$95,761$42,934▼ $52,827

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$375$393$768
Other Assets Org$3,190--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$236,384
Program Service Revenue
$6,225
Investment Income
$0
Other Revenue
$0
All Other Contributions
$125,320
Change in Net Assets
$-55,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$209,366
Other Expenses$88,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$99,625$24,906-$124,531
Current Officers, Directors, Trustees, and Key Employees$50,242$19,057-$69,299
Payroll Taxes$12,012$3,524-$15,536
Information Technology-$12,159-$12,159
Fees for Services Accounting-$12,094-$12,094
Occupancy$6,950$4,560-$11,510
Office Expenses-$8,082-$8,082
Fees for Services Other$5,985$860-$6,845
Travel$6,710--$6,710
Insurance-$4,109-$4,109
Advertising$3,242--$3,242
Conferences and Meetings$2,456$516-$2,972
All Other Expenses-$2,233-$2,233
Other Expenses$1,123$737-$1,860
Depreciation Depletion-$147-$147
Total Functional Expenses$197,945$100,247$0$298,192
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 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
Victor Vasquez
Title
Interim Executive Director
Phone
9565660355
Signed
2020-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Victor Vasquez
Formed
2007
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
13
Volunteers
2

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Other contract services: program service expenses 5,985. Management and general expenses 860. Fundraising expenses 0. Total expenses 6,845.”

FORM 990, PART XI, LINE 9:

“Accrual to cash adjustments 68,560.”

Raw XML Appendix390 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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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0291903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0186100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01253032
IRS990ScheduleA/TotalSupportAmt01253032
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/BookValueAmt0375
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0768
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03190
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN LOSS RESERVE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0375
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/ExplanationTxt3OTHER CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 5,985. MANAGEMENT AND GENERAL EXPENSES 860. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,845.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCRUAL TO CASH ADJUSTMENTS 68,560.
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/TemporarilyRstrNetAssetsGrp/BOYAmt024444
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt037421
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt095761
IRS990/TotalAssetsEOYAmt042934
IRS990/TotalAssetsGrp/BOYAmt095761
IRS990/TotalAssetsGrp/EOYAmt042934
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0236384
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100247
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0197945
IRS990/TotalFunctionalExpensesGrp/TotalAmt0298192
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt071317
IRS990/TotalLiabilitiesEOYAmt05513
IRS990/TotalLiabilitiesGrp/BOYAmt071317
IRS990/TotalLiabilitiesGrp/EOYAmt05513
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024444
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037421
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0197945
IRS990/TotalProgramServiceRevenueAmt06225
IRS990/TotalReportableCompFromOrgAmt069299
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06225
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt095761
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042934
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06710
IRS990/TravelGrp/TotalAmt06710
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VICTOR VASQUEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0INTERIM EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09565660355
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.89.96.197
ReturnHeader/FilingSecurityInformation/IPDt02020-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:58:56
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/PreparationDt02020-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANCES J DISHMAN
ReturnHeader/ReturnTs02020-05-15T16:58:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,934
Liabilities
$5,513
Net assets
$37,421
Revenue
$242,609
Expenses
$298,192
Net income
-$55,583
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
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
2019Detailed filing. Detailed filing data is available for this year.$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