Civic Intelligence

New Haven Works Inc.

990 • Fiscal year 2015 • EIN 46-2662124

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 16, 2016

205 Whitney Avenue No 106New Haven, CT 06511

(203) 500-4698

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.22x

Higher debt load relative to assets than 62% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

64th percentile

8.2%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

70%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$257,323

Up $68,107 (+36%) from 2014

Net Assets

Up

$201,131

Up $85,371 (+74%) from 2014

Liabilities

Down

$56,192

Down $17,264 (-24%) from 2014

Revenue

Up

$1,045,547

Up $432,030 (+70%) from 2014

Expenses

Up

$960,176

Up $458,383 (+91%) from 2014

Net Income

Down

$85,371

Down $26,353 (-24%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $9,036Liabilities 2013: $5,0002013Assets 2014: $189,216Liabilities 2014: $73,456Net Assets 2014: $115,7602014Assets 2015: $257,323Liabilities 2015: $56,192Net Assets 2015: $201,1312015Assets 2016: $195,458Liabilities 2016: $47,638Net Assets 2016: $147,8202016Assets 2017: $202,174Liabilities 2017: $67,538Net Assets 2017: $134,6362017Assets 2018: $216,738Liabilities 2018: $48,108Net Assets 2018: $168,6302018Assets 2019: $284,233Liabilities 2019: $41,011Net Assets 2019: $243,2222019Assets 2020: $366,543Liabilities 2020: $145,589Net Assets 2020: $220,9542020Assets 2021: $768,537Liabilities 2021: $331,206Net Assets 2021: $437,3312021Assets 2022: $685,482Liabilities 2022: $310,659Net Assets 2022: $374,8232022Assets 2023: $491,759Liabilities 2023: $136,560Net Assets 2023: $355,1992023Assets 2024: $516,077Liabilities 2024: $170,456Net Assets 2024: $345,6212024

Highlighted filing

2015

Assets$257,323
Liabilities$56,192
Net Assets$201,131

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2013: $7,000Expenses 2013: $2,964Net Income 2013: $4,0362013Revenue 2014: $613,517Expenses 2014: $501,793Net Income 2014: $111,7242014Revenue 2015: $1,045,547Expenses 2015: $960,176Net Income 2015: $85,3712015Revenue 2016: $728,423Expenses 2016: $777,734Net Income 2016: -$49,3112016Revenue 2017: $735,728Expenses 2017: $748,912Net Income 2017: -$13,1842017Revenue 2018: $684,057Expenses 2018: $650,063Net Income 2018: $33,9942018Revenue 2019: $737,563Expenses 2019: $662,971Net Income 2019: $74,5922019Revenue 2020: $681,860Expenses 2020: $704,128Net Income 2020: -$22,2682020Revenue 2021: $1,088,072Expenses 2021: $871,695Net Income 2021: $216,3772021Revenue 2022: $849,256Expenses 2022: $911,764Net Income 2022: -$62,5082022Revenue 2023: $974,475Expenses 2023: $994,099Net Income 2023: -$19,6242023Revenue 2024: $1,113,588Expenses 2024: $1,123,166Net Income 2024: -$9,5782024

Highlighted filing

2015

Revenue$1,045,547
Expenses$960,176
Net Income$85,371
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 16, 2016
Return Version
2014v6.0
Gross Receipts
$1,045,547
Mission and Program Overview

Mission

To grow the local economy and improve economic stability in all communities by providing employers with a trained and qualified workforce and connecting residents to jobs.

New haven works is focused on growing the local economy and improving economic stability in all communities by providing employers with a trained and qualified workforce and connecting residents to jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,678$141,675▲ $12,997
Accounts Receivable-$72,995-
Land, Buildings, and Equipment, Net$33,121$28,085▼ $5,036
Pledges and Grants Receivable$26,164$12,202▼ $13,962
Prepaid Expenses and Deferred Charges$1,253$2,366▲ $1,113
Total Assets$189,216$257,323▲ $68,107
Liabilities
Accounts Payable and Accrued Expenses$63,955$24,669▼ $39,286
Deferred Revenue-$17,770-
Other Liabilities$8,245$13,753▲ $5,508
Grants Payable$1,256--
Total Liabilities$73,456$56,192▼ $17,264
Net Assets / Fund Balance
Unrestricted Net Assets$115,760$154,667▲ $38,907
Temporarily Rstr Net Assets-$46,464-
Total Net Assets Fund Balance$115,760$201,131▲ $85,371
Total Liabilities and Net Assets / Fund Balance$189,216$257,323▲ $68,107

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,085$6,347$34,432
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jorge L PerezBoard Chair
Bob ProtoDirector
Bruce D AlexanderDirector
Denzel WalkerDirector
Desi KellyDirector
James P TorgersonDirector
Laurie KenningtonDirector
Mayor Toni HarpDirector
Vincent P PetriniDirector
Mary ReynoldsExecutive Director
Anthony P RescignoSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$735,997
Program Service Revenue
$309,179
Investment Income
$150
Other Revenue
$221
All Other Contributions
$243,746
Change in Net Assets
$85,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,045,547
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$280,400
Total Revenue per Audited Statements
$1,325,947
Total Revenue per Form 990
$1,045,547
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$759,821
Other Expenses$200,355
Total Fundraising Expense$581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$627,492$15,554-$643,046
Payroll Taxes$62,198$2,581$291$65,070
Other Employee Benefits$49,392$2,079$234$51,705
Fees for Services Accounting-$15,328-$15,328
Fees for Services Other$11,140--$11,140
Office Expenses$8,324$345$39$8,708
Depreciation Depletion-$5,036-$5,036
Other Expenses$4,005--$4,005
Occupancy$3,672$152$17$3,841
All Other Expenses$3,329--$3,329
Travel-$848-$848
Fees for Services Legal-$305-$305
Total Functional Expenses$917,367$42,228$581$960,176

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,240,576
Expenses per Audited Statements$960,176
Total Expenses per Form 990$960,176
Expenses Not Reported on Form 990$280,400
Expenses Not Reported on Financial Statements$0
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
Accrued Accounting Fees$10,000
Accrued Vacation$3,753
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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 11

The full board of directors receives a copy of the form 990 to review.

Form 990, Part VI, Section C, Line 19

The form 990 is available upon written request to the organization's mailing address.

Filing and Contact Details

Filer

Filer Name
New Haven Works Inc
EIN
46-2662124
Phone
2035004698
Address
205 WHITNEY AVENUE NO 106, NEW HAVEN, CT 06511

Signing Officer

Name
Melissa Mason Phd
Title
Executive Director
Phone
2035009000
Signed
2016-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Mason Phd
Formed
2013
Legal Domicile
Ct
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Beers Hamerman Cohen & Burger Pc
Address
234 CHURCH STREET, NEW HAVEN, CT 06510
Preparer
Anthony F Santore
Phone
2037876527
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization entered into agreements with new haven area employers to provide them with temporary employees.

Part V Lines 2A and B

The organization does not file payroll tax returns. The people performing services for the organization are employees of economic development corporation of new haven, inc. The organization reimburses that corporation for their services.

Financial Statement Notes

PART X, LINE 2:

The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit period is 2013.

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IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE CERTAIN NEW HAVEN AREA EMPLOYERS WITH TEMPORARY STAFF
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0309179
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0309179
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0613144
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0373
IRS990/PYOtherExpensesAmt0271038
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0111724
IRS990/PYSalariesCompEmpBnftPaidAmt0230755
IRS990/PYTotalExpensesAmt0501793
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0613517
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt085371
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0735997
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0613144
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt07000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01356141
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0373
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0744
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0309179
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01356141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0735997
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0613144
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt07000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01356141
IRS990ScheduleA/TotalSupportAmt01356885
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/DonatedServicesAndUseFcltsAmt0280400
IRS990ScheduleD/DonatedServicesUseFcltsAmt0280400
IRS990ScheduleD/EquipmentGrp/BookValueAmt028085
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06347
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034432
IRS990ScheduleD/ExpensesNotReportedAmt0280400
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0960176
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03753
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED ACCOUNTING FEES
IRS990ScheduleD/RevenueNotReportedAmt0280400
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01045547
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIOD IS 2013.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028085
IRS990ScheduleD/TotalExpensesPerForm990Amt0960176
IRS990ScheduleD/TotalLiabilityAmt013753
IRS990ScheduleD/TotalRevenuePerForm990Amt01045547
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01325947
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01240576
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO AGREEMENTS WITH NEW HAVEN AREA EMPLOYERS TO PROVIDE THEM WITH TEMPORARY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT FILE PAYROLL TAX RETURNS. THE PEOPLE PERFORMING SERVICES FOR THE ORGANIZATION ARE EMPLOYEES OF ECONOMIC DEVELOPMENT CORPORATION OF NEW HAVEN, INC. THE ORGANIZATION REIMBURSES THAT CORPORATION FOR THEIR SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FULL BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION'S MAILING ADDRESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V LINES 2A AND B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt046464
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0189216
IRS990/TotalAssetsEOYAmt0257323
IRS990/TotalAssetsGrp/BOYAmt0189216
IRS990/TotalAssetsGrp/EOYAmt0257323
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0735997
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0581
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042228
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0917367
IRS990/TotalFunctionalExpensesGrp/TotalAmt0960176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073456
IRS990/TotalLiabilitiesEOYAmt056192
IRS990/TotalLiabilitiesGrp/BOYAmt073456
IRS990/TotalLiabilitiesGrp/EOYAmt056192
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115760
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0201131
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0917367
IRS990/TotalProgramServiceRevenueAmt0309179
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0371
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0309179
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01045547
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0189216
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0257323
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0848
IRS990/TravelGrp/TotalAmt0848
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0115760
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0154667
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 WHITNEY AVENUE
IRS990/USAddress/CityNm0NEW HAVEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006511
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0NEWHAVENWORKSPIPELINE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.17$0.35$1.11$1.12$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.14$0.36$0.97$0.99$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.31$0.37$0.85$0.91$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.33$0.44$1.09$0.87$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.15$0.22$0.68$0.70$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$0.74$0.66$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.05$0.17$0.68$0.65$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.07$0.13$0.74$0.75$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.05$0.15$0.73$0.78$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.06$0.20$1.05$0.96$0.09
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.07$0.12$0.61$0.50$0.11
2013Summary only. Only limited summary data is available for this year.$0.01$0.01$0.01$0.00$0.00