Civic Intelligence

Mw23 Foundation

EIN 45-2915723 • 501(c)3 • Bellevue, WA

Profile

The mw foundation works to cultivate a positive environment and create inspiring experiences for communities in need through academic and athletic learning opportunities, mentorship programs and providing motivational tools to help develop confidence and community involvement.

11100 NE 8th Street Suite 400Bellevue, WA 98004

martellwebsterfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.22x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

4886.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

1st percentile

-410400%

Higher net margin than 1% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

60th percentile

3.3%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

52nd percentile

0.0%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$21,925

Up $697 (+3.3%) from 2014

Liabilities

Up

$4,886

Up $4,801 (+5648%) from 2014

Net Assets

Down

$17,039

Down $4,104 (-19%) from 2014

Revenue

Flat

$1

Flat from 2014

Expenses

Down

$4,105

Down $4,036 (-50%) from 2014

Net Income

Up

-$4,104

Up $4,036 (+50%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2012: $4,900Liabilities 2012: $0Net Assets 2012: $4,9002012Assets 2013: $29,283Liabilities 2013: $0Net Assets 2013: $29,2832013Assets 2014: $21,228Liabilities 2014: $85Net Assets 2014: $21,1432014Assets 2015: $21,925Liabilities 2015: $4,886Net Assets 2015: $17,0392015

Highlighted filing

2015

Assets$21,925
Liabilities$4,886
Net Assets$17,039

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KExpenses 2012: $38,0332012Revenue 2013: $91,383Expenses 2013: $68,128Net Income 2013: $23,2552013Revenue 2014: $1Expenses 2014: $8,141Net Income 2014: -$8,1402014Revenue 2015: $1Expenses 2015: $4,105Net Income 2015: -$4,1042015

Highlighted filing

2015

Revenue$1
Expenses$4,105
Net Income-$4,104

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.1
Gross Receipts
$1
Mission and Program Overview

Mission

The mw foundation works to cultivate a positive environment and create inspiring experiences for communities in need through academic and athletic learning opportunities, mentorship programs and providing motivational tools to help develop confidence and community involvement.

Dedicated to supporting communities in need, including youth and families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,776$17,597▼ $179
Rtn Earn Endowment Incm Other Fnds$21,143$17,039▼ $4,104
Savings and Temporary Cash Investments$3,452$3,453▲ $1
Accounts Receivable$0$875▲ $875
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$21,228$21,925▲ $697
Liabilities
Accounts Payable and Accrued Expenses$85$4,886▲ $4,801
Total Liabilities$85$4,886▲ $4,801
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,143$17,039▼ $4,104
Total Liabilities and Net Assets / Fund Balance$21,228$21,925▲ $697
Compensation and Service Providers

Board Members and Trustees

NameTitle
Martell WebsterPresident
Julie a ClarkeOfficer
Richard PaddenOfficer
Thomas E ClarkeOfficer
Courtney WebsterSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-4,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$2,856-$2,856
Fees for Services Legal-$568-$568
Fees for Services Other$180$346-$526
Office Expenses-$155-$155
Total Functional Expenses$180$3,925$0$4,105
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
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
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 A, Line 2

Courtney webster is the spouse of martell webster. Julie a. Clark and thomas e. Clarke are the mother and father of courtney.

Form 990, Part VI, Section B, Line 11

The president of mw23 reviews the form 990 in detail before filing to ensure that all information is accurately reflected in the filing. The form 990 is sent to the governing body before filing but no formal review process exists for their review of the return. The pertinent information for filing the 990 is derived from the financial statements that are reviewed by the governing body. Additionally, the financial statement and form 990 are reviewed several times by an independent accounting firm.

Form 990, Part VI, Section C, Line 18

The organization has available upon request a copy of form 1023, initial filing of a public organization. A request can be made by any member of the public to view the document at any time.

Form 990, Part VI, Section C, Line 19

The organization has available upon request a copy of the organizations governing documents, conflict of interset policy and financial statements. A request can be made by any member of the public to view the documents at any time.

Filing and Contact Details

Filer

Filer Name
Mw23 Foundation
EIN
45-2915723
Phone
4254547990
Address
11100 NE 8TH STREET SUITE 400, BELLEVUE, WA 98004

Signing Officer

Name
Martell Webster
Title
President
Phone
4254547990
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martell Webster
Formed
2011
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Berntson Porter & Company Pllc
Address
11100 NE 8TH ST SUITE 400, BELLEVUE, WA 98004
Preparer
Gary Holcomb
Phone
4254547990
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Website: program service expenses 180. Management and general expenses 0. Fundraising expenses 0. Total expenses 180. State licenses (oregon & washington): program service expenses 0. Management and general expenses 346. Fundraising expenses 0. Total expenses 346.

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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/Desc0BASKETBALL CAMPSTHE BASKETBALL CAMPS PROMOTE THE DEVELOPMENT OF INDIVIDUAL SKILLS, TEAMWORK, DISCIPLINE AND CONFIDENCE THROUGH HEALTHY COMPETITION WITH OTHER YOUNG ATHLETES IN THE AREA. THE PURPOSE IS TO TEACH THE PARTICIPANTS THE NEED TO BE PHYSICALLY FIT, USING BASEKTBALL AS THE MEANS TO DEVELOP THAT FITNESS. AS A MEANS OF REACHING THESE GOALS, MW23 WORKS IN PARTNERSHIP WITH OTHER ORGANIZATIONS TO SPONSOR EVERY CHILD ATTENDING ITS SEATTLE BASKETBALL CAMP.
IRS990/ProgSrvcAccomActy3Grp/Desc0FAMILY DAY COMMUNITY EVENTTHE MW23 FOUNDATION'S PROACTIVE APPROACH TO DEVELOPING AND INSPIRING FAMILY AND COMMUNITY INVOLVEMENT IS TO HOST A COMMUNITY FAMILY DAY EVENT. FAMILY DAY PROVIDES THE OPPORTUNITY TO GIVE BACK TO THE LOCAL COMMUNITY THROUGH A VARIETY OF ACTIVITIES, INCLUDING A BASKETBALL CLINIC FOR CHILDREN, MUSIC, GAMES, ARTS AND CRAFTS. FAMILY DAY IS OPEN TO THE PUBLIC, ENCOURAGING ALL PARTICIPANTS TO TAKE AN ACTIVE ROLE IN THE DEVELOPMENT AND SUPPORT OF THEIR COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COURTNEY WEBSTER IS THE SPOUSE OF MARTELL WEBSTER. JULIE A. CLARK AND THOMAS E. CLARKE ARE THE MOTHER AND FATHER OF COURTNEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT OF MW23 REVIEWS THE FORM 990 IN DETAIL BEFORE FILING TO ENSURE THAT ALL INFORMATION IS ACCURATELY REFLECTED IN THE FILING. THE FORM 990 IS SENT TO THE GOVERNING BODY BEFORE FILING BUT NO FORMAL REVIEW PROCESS EXISTS FOR THEIR REVIEW OF THE RETURN. THE PERTINENT INFORMATION FOR FILING THE 990 IS DERIVED FROM THE FINANCIAL STATEMENTS THAT ARE REVIEWED BY THE GOVERNING BODY. ADDITIONALLY, THE FINANCIAL STATEMENT AND FORM 990 ARE REVIEWED SEVERAL TIMES BY AN INDEPENDENT ACCOUNTING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS AVAILABLE UPON REQUEST A COPY OF FORM 1023, INITIAL FILING OF A PUBLIC ORGANIZATION. A REQUEST CAN BE MADE BY ANY MEMBER OF THE PUBLIC TO VIEW THE DOCUMENT AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS AVAILABLE UPON REQUEST A COPY OF THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTERSET POLICY AND FINANCIAL STATEMENTS. A REQUEST CAN BE MADE BY ANY MEMBER OF THE PUBLIC TO VIEW THE DOCUMENTS AT ANY TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WEBSITE: PROGRAM SERVICE EXPENSES 180. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180. STATE LICENSES (OREGON & WASHINGTON): PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 346. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 346.
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERNTSON PORTER & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011100 NE 8TH ST SUITE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BELLEVUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098004
ReturnHeader/PreparerPersonGrp/PhoneNum04254547990
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARY HOLCOMB
ReturnHeader/ReturnTs02016-08-04T11:50:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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