Civic Intelligence

Startup Tucson

990 • Fiscal year 2022 • EIN 46-0801496

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

PO Box 1214Tucson, AZ 85702

(520) 477-8278

Siviq Scores

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

Liabilities / Assets

35th percentile

0.02x

Higher debt load relative to assets than 35% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

49th percentile

6.4%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$159,125

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

30%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$563,833

Up $65,048 (+13%) from 2021

Net Assets

Up

$554,076

Up $68,388 (+14%) from 2021

Liabilities

Down

$9,757

Down $3,340 (-26%) from 2021

Revenue

Up

$1,071,369

Up $249,513 (+30%) from 2021

Expenses

Up

$1,002,981

Up $366,398 (+58%) from 2021

Net Income

Down

$68,388

Down $116,885 (-63%) from 2021

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $132,755Liabilities 2015: $3,462Net Assets 2015: $129,2932015Assets 2016: $309,105Liabilities 2016: $2,751Net Assets 2016: $306,3542016Assets 2017: $485,420Liabilities 2017: $34,961Net Assets 2017: $450,4592017Assets 2018: $421,871Liabilities 2018: $30,364Net Assets 2018: $391,5072018Assets 2019: $479,355Liabilities 2019: $51,684Net Assets 2019: $427,6712019Assets 2020: $360,552Liabilities 2020: $60,137Net Assets 2020: $300,4152020Assets 2021: $498,785Liabilities 2021: $13,097Net Assets 2021: $485,6882021Assets 2022: $563,833Liabilities 2022: $9,757Net Assets 2022: $554,0762022Assets 2023: $700,972Liabilities 2023: $127,351Net Assets 2023: $573,6212023Assets 2024: $713,527Liabilities 2024: $134,539Net Assets 2024: $578,9882024

Highlighted filing

2022

Assets$563,833
Liabilities$9,757
Net Assets$554,076

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $307,229Expenses 2015: $234,451Net Income 2015: $72,7782015Revenue 2016: $487,105Expenses 2016: $310,044Net Income 2016: $177,0612016Revenue 2017: $553,460Expenses 2017: $409,355Net Income 2017: $144,1052017Revenue 2018: $474,468Expenses 2018: $573,631Net Income 2018: -$99,1632018Revenue 2019: $691,944Expenses 2019: $655,780Net Income 2019: $36,1642019Revenue 2020: $248,310Expenses 2020: $375,566Net Income 2020: -$127,2562020Revenue 2021: $821,856Expenses 2021: $636,583Net Income 2021: $185,2732021Revenue 2022: $1,071,369Expenses 2022: $1,002,981Net Income 2022: $68,3882022Revenue 2023: $1,013,072Expenses 2023: $993,527Net Income 2023: $19,5452023Revenue 2024: $583,207Expenses 2024: $577,840Net Income 2024: $5,3672024

Highlighted filing

2022

Revenue$1,071,369
Expenses$1,002,981
Net Income$68,388
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,071,369
Mission and Program Overview

Mission

Working to transform the region's economy through entrepreneurship and innovation.

Grow a strong, vibrant startup ecosystem of companies, entrepreneurs, and talent in tucson.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$42,630$230,333▲ $187,703
Cash and Non-Interest-Bearing Accounts$205,107$182,202▼ $22,905
Savings and Temporary Cash Investments$208,481$108,731▼ $99,750
Total Assets$498,785$563,833▲ $65,048
Other Assets Total$42,567$42,567→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,097$9,757▼ $3,340
Total Liabilities$13,097$9,757▼ $3,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$485,688$554,076▲ $68,388
Total Net Assets Fund Balance$485,688$554,076▲ $68,388
Total Liabilities and Net Assets / Fund Balance$498,785$563,833▲ $65,048

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$42,567--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth PocockCEOFT$147,500$11,625$159,125

Board Members and Trustees

NameTitle
Fletcher MccuskerDirector & Chair
Andrew MoreDirector
Gina CatalanoDirector
Harry GeorgeDirector
Katina KollerDirector
Joann MacmasterDirector & Secretary
David SmallhouseDirector & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,013,709
Program Service Revenue
$49,510
Investment Income
$250
Other Revenue
$7,900
All Other Contributions
$406,189
Change in Net Assets
$68,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$525,001
Other Expenses$405,740
Grants and Similar Amounts Paid$72,240
Total Fundraising Expense$22,751
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$299,017$10,772-$309,789
Conferences and Meetings$211,041$4,968$646$216,655
Current Officers, Directors, Trustees, and Key Employees$127,300$23,869$7,956$159,125
Fees for Services Other$93,060$983-$94,043
Grants to Domestic Orgs$49,500--$49,500
Payroll Taxes$31,902$1,791-$33,693
Advertising$16,054$2,997$5,363$24,414
Grants to Domestic Individuals$22,740--$22,740
Other Employee Benefits$17,684$3,860-$21,544
Fees for Services Accounting-$16,423$45$16,468
Travel$2,261$1,572$8,709$12,542
Other Expenses$11,487--$11,487
Information Technology$6,770$3,691-$10,461
Insurance-$8,725-$8,725
Office Expenses$823$6,095$32$6,950
Occupancy$3,504$491-$3,995
Pension Plan Contributions-$850-$850
Total Functional Expenses$893,143$87,087$22,751$1,002,981
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Divine Hair GoodsTucson, AZ-Ideafunding Award & Prize$26,000
The Earnest House LLCTucson, AZ-Ideafunding Award & Prize$7,500
Fraqtals Innovations LLCTucson, AZ-Ideafunding Award & Prize$6,000
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 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
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 B, Line 11B

Form 990 is prepared by an external cpa firm using information provided by the organization. The form is reviewed by the organization's chief executive officer and board of directors prior to being finalized.

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

No officer or director of the corporation ("corporate official") shall participate in the decision making process on any matter in which such corporate official or a relative of such corporate official has any interest. Upon learning that the board of directors is involved in a matter in which a corporate official is an interested party, the corporate official shall notify the chairperson of the board and shall immediately withdraw from any further consideration or discussion with the board of directors or other officers or employees of the corporation with respect thereto. Upon receipt of notice from a corporate official that such corporate official has an interest in a matter in which the corporation is involved, the chairperson shall remove such corporate official from any deliberation and not furnish or provide him or her with the information pertaining to that matter which is furnished to the other directors; except to the extent that such information is generally available to the public at large. At the time a person becomes a board member such person shall complete and submit to the chairman of the board or president a signed statement which affirms such corporate official has (i) received a copy of these bylaws, (ii) has read and understands the conflict of interest policies contained in these bylaws, and (iii) has agreed to comply with such policies.

Form 990, Part VI, Section B, Line 15

The board of directors determines compensation for the ceo and senior executives of the organization. The ceo's compensation and bonus was determined in june 2022 and documented in the executive board minutes and via e-mail communications with the organization's external bookkeeper.

Form 990, Part VI, Section C, Line 19

The articles of incorporation are available on the arizona corporation commission's website. Form 990 is available on guidestar and on request, and form 1023 is available on request.

Filing and Contact Details

Filer

Filer Name
Startup Tucson
EIN
46-0801496
Phone
5204778278
Address
PO BOX 1214, TUCSON, AZ 85702

Signing Officer

Name
Elizabeth Pocock
Title
CEO
Phone
5204778278
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Pocock
Formed
2012
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
5
Employees
16
Volunteers
75

Preparer

Firm
Beachfleischman Pllc
Address
1985 E RIVER ROAD SUITE 201, TUCSON, AZ 85718
Preparer
Gina Khawam CPA
Phone
5203214600
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Volunteers include our 5 board members as well as multiple mentors. These mentors help provide advice and guidance to our startup founders and entrepreneurs through direct one-to-one support, office hours, judging and teaching at events and instructing educational sessions.

Form 990, Part III, Line 4A

Startup tucson provides comprehensive wrap-around services for entrepreneurs that include discovery & networking events, educational programming, and a free membership hub called the startup tucson network. We are also known for two of our larger regional ecosystem building events, tenwest festival of innovation and ideafunding. In 2022, startup tucson had the following program successes: -startup tucson continued to deliver monthly 101 and fundamentals workshops and one-to-one coaching sessions with entrepreneurs. In 2022, startup tucson served over 3,000 entrepreneurs and had 300+ members active in its startup network. With funding from the usda farmer's market promotion program, startup tucson continued its food forward program, specifically designed to help support entrepreneurs launching and growing food businesses. This program saw two cohorts of graduates in 2022, helped entrepreneurs develop new e-commerce websites and build an online platform for consumers to buy local food products. -with funding from the eda, startup tucson continued to run its sprint challenge program. This program included e-commerce and prototyping online masterclasses, pairings with statewide mentors and use of the newly built launch lab that includes prototyping and media spaces and tools. -with funding from the eda, startup tucson continued its rising arizona investor network to support local entrepreneurs that want to learn about investing in local diverse founders. -tenwest impact festival returned in person with over 1500 conference attendees and the addition of the first ever tenwest street fest. The ideafunding pitch competition and training had a record number of applicants and prizes of over $50,000 were distributed to local entrepreneurs.

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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0IDEAFUNDING AWARD & PRIZE
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IRS990ScheduleI/RecipientTable/CashGrantAmt126000
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2IDEAFUNDING AWARD & PRIZE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FRAQTALS INNOVATIONS LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DIVINE HAIR GOODS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE EARNEST HOUSE LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0873401231
IRS990ScheduleI/RecipientTable/RecipientEIN1883856790
IRS990ScheduleI/RecipientTable/RecipientEIN2812828075
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0325 W 2ND STREET 5
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1550 N HARRISON ROAD 18107
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt27959 N THORNYDALE ROAD 91111
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TUCSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1TUCSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2TUCSON
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AWARDS ARE GIVEN TO WINNERS OF THE IDEAFUNDING PITCH COMPETITION HELD DURING THE TENWEST FESTIVAL. THE AWARDS AND PRIZES DISTRIBUTED IN 2022 WERE TO THE WINNERS OF THE 2022 COMPETITION AFTER THEY COMPLETED THE NECESSARY STEPS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ELIZABETH POCOCK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS INCLUDE OUR 5 BOARD MEMBERS AS WELL AS MULTIPLE MENTORS. THESE MENTORS HELP PROVIDE ADVICE AND GUIDANCE TO OUR STARTUP FOUNDERS AND ENTREPRENEURS THROUGH DIRECT ONE-TO-ONE SUPPORT, OFFICE HOURS, JUDGING AND TEACHING AT EVENTS AND INSTRUCTING EDUCATIONAL SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STARTUP TUCSON PROVIDES COMPREHENSIVE WRAP-AROUND SERVICES FOR ENTREPRENEURS THAT INCLUDE DISCOVERY & NETWORKING EVENTS, EDUCATIONAL PROGRAMMING, AND A FREE MEMBERSHIP HUB CALLED THE STARTUP TUCSON NETWORK. WE ARE ALSO KNOWN FOR TWO OF OUR LARGER REGIONAL ECOSYSTEM BUILDING EVENTS, TENWEST FESTIVAL OF INNOVATION AND IDEAFUNDING. IN 2022, STARTUP TUCSON HAD THE FOLLOWING PROGRAM SUCCESSES: -STARTUP TUCSON CONTINUED TO DELIVER MONTHLY 101 AND FUNDAMENTALS WORKSHOPS AND ONE-TO-ONE COACHING SESSIONS WITH ENTREPRENEURS. IN 2022, STARTUP TUCSON SERVED OVER 3,000 ENTREPRENEURS AND HAD 300+ MEMBERS ACTIVE IN ITS STARTUP NETWORK. WITH FUNDING FROM THE USDA FARMER'S MARKET PROMOTION PROGRAM, STARTUP TUCSON CONTINUED ITS FOOD FORWARD PROGRAM, SPECIFICALLY DESIGNED TO HELP SUPPORT ENTREPRENEURS LAUNCHING AND GROWING FOOD BUSINESSES. THIS PROGRAM SAW TWO COHORTS OF GRADUATES IN 2022, HELPED ENTREPRENEURS DEVELOP NEW E-COMMERCE WEBSITES AND BUILD AN ONLINE PLATFORM FOR CONSUMERS TO BUY LOCAL FOOD PRODUCTS. -WITH FUNDING FROM THE EDA, STARTUP TUCSON CONTINUED TO RUN ITS SPRINT CHALLENGE PROGRAM. THIS PROGRAM INCLUDED E-COMMERCE AND PROTOTYPING ONLINE MASTERCLASSES, PAIRINGS WITH STATEWIDE MENTORS AND USE OF THE NEWLY BUILT LAUNCH LAB THAT INCLUDES PROTOTYPING AND MEDIA SPACES AND TOOLS. -WITH FUNDING FROM THE EDA, STARTUP TUCSON CONTINUED ITS RISING ARIZONA INVESTOR NETWORK TO SUPPORT LOCAL ENTREPRENEURS THAT WANT TO LEARN ABOUT INVESTING IN LOCAL DIVERSE FOUNDERS. -TENWEST IMPACT FESTIVAL RETURNED IN PERSON WITH OVER 1500 CONFERENCE ATTENDEES AND THE ADDITION OF THE FIRST EVER TENWEST STREET FEST. THE IDEAFUNDING PITCH COMPETITION AND TRAINING HAD A RECORD NUMBER OF APPLICANTS AND PRIZES OF OVER $50,000 WERE DISTRIBUTED TO LOCAL ENTREPRENEURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PREPARED BY AN EXTERNAL CPA FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM IS REVIEWED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND BOARD OF DIRECTORS PRIOR TO BEING FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OFFICER OR DIRECTOR OF THE CORPORATION ("CORPORATE OFFICIAL") SHALL PARTICIPATE IN THE DECISION MAKING PROCESS ON ANY MATTER IN WHICH SUCH CORPORATE OFFICIAL OR A RELATIVE OF SUCH CORPORATE OFFICIAL HAS ANY INTEREST. UPON LEARNING THAT THE BOARD OF DIRECTORS IS INVOLVED IN A MATTER IN WHICH A CORPORATE OFFICIAL IS AN INTERESTED PARTY, THE CORPORATE OFFICIAL SHALL NOTIFY THE CHAIRPERSON OF THE BOARD AND SHALL IMMEDIATELY WITHDRAW FROM ANY FURTHER CONSIDERATION OR DISCUSSION WITH THE BOARD OF DIRECTORS OR OTHER OFFICERS OR EMPLOYEES OF THE CORPORATION WITH RESPECT THERETO. UPON RECEIPT OF NOTICE FROM A CORPORATE OFFICIAL THAT SUCH CORPORATE OFFICIAL HAS AN INTEREST IN A MATTER IN WHICH THE CORPORATION IS INVOLVED, THE CHAIRPERSON SHALL REMOVE SUCH CORPORATE OFFICIAL FROM ANY DELIBERATION AND NOT FURNISH OR PROVIDE HIM OR HER WITH THE INFORMATION PERTAINING TO THAT MATTER WHICH IS FURNISHED TO THE OTHER DIRECTORS; EXCEPT TO THE EXTENT THAT SUCH INFORMATION IS GENERALLY AVAILABLE TO THE PUBLIC AT LARGE. AT THE TIME A PERSON BECOMES A BOARD MEMBER SUCH PERSON SHALL COMPLETE AND SUBMIT TO THE CHAIRMAN OF THE BOARD OR PRESIDENT A SIGNED STATEMENT WHICH AFFIRMS SUCH CORPORATE OFFICIAL HAS (I) RECEIVED A COPY OF THESE BYLAWS, (II) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICIES CONTAINED IN THESE BYLAWS, AND (III) HAS AGREED TO COMPLY WITH SUCH POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR THE CEO AND SENIOR EXECUTIVES OF THE ORGANIZATION. THE CEO'S COMPENSATION AND BONUS WAS DETERMINED IN JUNE 2022 AND DOCUMENTED IN THE EXECUTIVE BOARD MINUTES AND VIA E-MAIL COMMUNICATIONS WITH THE ORGANIZATION'S EXTERNAL BOOKKEEPER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ARTICLES OF INCORPORATION ARE AVAILABLE ON THE ARIZONA CORPORATION COMMISSION'S WEBSITE. FORM 990 IS AVAILABLE ON GUIDESTAR AND ON REQUEST, AND FORM 1023 IS AVAILABLE ON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalGrossUBIAmt00
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