Civic Intelligence

Ponyride Inc

990 • Fiscal year 2017 • EIN 46-1325946

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

1401 Vermont StreetDetroit, MI 48216

(313) 478-5735

Siviq Scores

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

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.25x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

8th percentile

-52%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

78th percentile

$6,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-48%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$275,701

Down $163,221 (-37%) from 2016

Net Assets

Down

$200,970

Down $152,860 (-43%) from 2016

Liabilities

Down

$74,731

Down $10,361 (-12%) from 2016

Revenue

Down

$293,424

Down $267,877 (-48%) from 2016

Expenses

Up

$446,284

Up $178,970 (+67%) from 2016

Net Income

Down

-$152,860

Down $446,847 (-152%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2013: $2,578Liabilities 2013: $02013Assets 2014: $51,213Liabilities 2014: $37,985Net Assets 2014: $13,2282014Assets 2015: $135,674Liabilities 2015: $75,831Net Assets 2015: $59,8432015Assets 2016: $438,922Liabilities 2016: $85,092Net Assets 2016: $353,8302016Assets 2017: $275,701Liabilities 2017: $74,731Net Assets 2017: $200,9702017Assets 2018: $75,367Liabilities 2018: $74,731Net Assets 2018: $6362018Assets 2019: $19,613Liabilities 2019: $38,759Net Assets 2019: -$19,1462019

Highlighted filing

2017

Assets$275,701
Liabilities$74,731
Net Assets$200,970

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2013: $128,559Expenses 2013: $125,981Net Income 2013: $2,5782013Revenue 2014: $222,263Expenses 2014: $211,613Net Income 2014: $10,6502014Revenue 2015: $292,881Expenses 2015: $246,266Net Income 2015: $46,6152015Revenue 2016: $561,301Expenses 2016: $267,314Net Income 2016: $293,9872016Revenue 2017: $293,424Expenses 2017: $446,284Net Income 2017: -$152,8602017Revenue 2018: $218,066Expenses 2018: $418,400Net Income 2018: -$200,3342018Revenue 2019: $224,905Expenses 2019: $244,687Net Income 2019: -$19,7822019

Highlighted filing

2017

Revenue$293,424
Expenses$446,284
Net Income-$152,860
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$293,424
Mission and Program Overview

Mission

Ponyride nutures collaboration using shared resources, knowledge, and ideas to cultivate opportunities created by the strengths and crises of detroit. Participants serve detroit communities by sharing their craft and expertise. We engage a diverse group of creative, socially conscious entrepreneurs giving them the opportunity for production, community outreach and education. The tenants' rent is well below market rates due to the low purchase price of the property and the outpouring of community support in the form of various resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$68,775$229,434▲ $160,659
Loans From Officers Directors$75,831$74,731▼ $1,100
Cash and Non-Interest-Bearing Accounts$370,147$25,267▼ $344,880
Pledges and Grants Receivable-$21,000-
Total Assets$438,922$275,701▼ $163,221
Liabilities
Accounts Payable and Accrued Expenses$9,261--
Total Liabilities$85,092$74,731▼ $10,361
Net Assets / Fund Balance
Temporarily Rstr Net Assets$273,166--
Unrestricted Net Assets$80,664$200,970▲ $120,306
Total Net Assets Fund Balance$353,830$200,970▼ $152,860
Total Liabilities and Net Assets / Fund Balance$438,922$275,701▼ $163,221

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$225,616$79,441$305,057
Equipment$3,818$21,203$25,021
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Phillip CooleyCo-chairPT$6,000$6,000

Board Members and Trustees

NameTitle
Eric WilliamsCo-chair
Jj CurtisDirector
John Van CampDirector
Kaija WuolletDirector
Karla HendersonDirector
Kate BordineDirector
Liz BooneDirector
Melissa ButlerDirector
Shawn WilsonDirector
Marc SchwartzFinance Chai
Catherine KellySecretary
Jamie SheaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$96,426
Program Service Revenue
$196,998
Investment Income
$0
Other Revenue
$0
All Other Contributions
$75,056
Change in Net Assets
$-152,860

Audited Revenue Reconciliation

Revenue per Audited Statements
$293,424
Total Revenue per Audited Statements
$293,424
Total Revenue per Form 990
$293,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,826
Salaries, Compensation, and Employee Benefits$127,458
Total Fundraising Expense$26,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$127,458-$127,458
Occupancy$104,205--$104,205
Fees for Services Management$70,051$19,000-$89,051
Fees for Services Accounting-$16,276-$16,276
Advertising-$14,663-$14,663
Office Expenses$3,677$8,791-$12,468
All Other Expenses$7,268$1,684$3,148$12,100
Insurance$10,830--$10,830
Travel-$9,706-$9,706
Depreciation Depletion$6,910--$6,910
Other Expenses$4,644$5,966$23,769$4,644
Information Technology$2,211$99-$2,310
Total Functional Expenses$215,724$203,643$26,917$446,284

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,284
Total Expenses per Audited Statements$446,284
Total Expenses per Form 990$446,284
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$21,370---
Total Events$21,370---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Phillip CooleyDirectorRentNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$75,831$74,731▼ $1,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 2

Phillip cooley kate bordine director director married

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board as prepared by the cpa and reviewed and approved by the board before signing and filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Ponyride Inc
EIN
46-1325946
Phone
3134785735
Address
1401 VERMONT STREET, DETROIT, MI 48216

Signing Officer

Name
Marc Schwartz
Title
Finance Chair
Phone
3134785735
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Schwartz
Formed
2012
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
100

Preparer

Firm
Austin Niester Schweihofer & Finnegan
Address
600 FORT ST STE 200, PORT HURON, MI 48060-3930
Preparer
Laura L Schweihofer
Phone
8109859000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Ponyride nutures collaboration using shared resources, knowledge, and ideas to cultivate opportunities created by the strengths and crises of detroit. Participants serve detroit communities by sharing their craft and expertise. We engage a diverse group of creative, socially conscious entrepreneurs giving them the opportunity for production, community outreach and education. The tenants' rent is well below market rates due to the low purchase price of the property and the outpouring of community support in the form of various resources.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PHILLIP COOLEY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PONYRIDE NUTURES COLLABORATION USING SHARED RESOURCES, KNOWLEDGE, AND IDEAS TO CULTIVATE OPPORTUNITIES CREATED BY THE STRENGTHS AND CRISES OF DETROIT. PARTICIPANTS SERVE DETROIT COMMUNITIES BY SHARING THEIR CRAFT AND EXPERTISE. WE ENGAGE A DIVERSE GROUP OF CREATIVE, SOCIALLY CONSCIOUS ENTREPRENEURS GIVING THEM THE OPPORTUNITY FOR PRODUCTION, COMMUNITY OUTREACH AND EDUCATION. THE TENANTS' RENT IS WELL BELOW MARKET RATES DUE TO THE LOW PURCHASE PRICE OF THE PROPERTY AND THE OUTPOURING OF COMMUNITY SUPPORT IN THE FORM OF VARIOUS RESOURCES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PHILLIP COOLEY KATE BORDINE DIRECTOR DIRECTOR MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED TO THE BOARD AS PREPARED BY THE CPA AND REVIEWED AND APPROVED BY THE BOARD BEFORE SIGNING AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt01401 VERMONT
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048216
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IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.PONYRIDE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC SCHWARTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03134785735
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PONYRIDE INC

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