Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Innowest
EIN 46-3108541 • 501(c)3 • Los Altos, CA
Profile
Innowest exists to deliver resources and solutions to local & international companies and entrepreneurs. These resources include workspace and business tools to ensure successful ventures for startups.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 29.1% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Balance Sheet
Assets
Down$17,487
Down $18,454 (-51%) from 2015
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$17,487
Down $17,778 (-50%) from 2015
Revenue
Up$192,812
Up $15,520 (+8.8%) from 2015
Expenses
Up$210,590
Up $39,589 (+23%) from 2015
Net Income
Down-$17,778
Down $24,069 (-383%) from 2015
Trend Graphs
Filings
Most recent year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $17,487
- Liabilities
- -
- Net assets
- $17,487
- Revenue
- $192,812
- Expenses
- $210,590
- Net income
- -$17,778
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2016Detailed filing. Detailed filing data is available for this year. | $0.17 | $0.17 | $1.93 | $2.11 | $0.18 | |
| 2015Detailed filing. Detailed filing data is available for this year. | $0.36 | $0.01 | $0.35 | $1.77 | $1.71 | $0.06 |
| 2014Detailed filing. Detailed filing data is available for this year. | $0.29 | $0.29 | $0.64 | $0.35 | $0.29 | |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Jun 16, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $192,812
Mission and Program Overview
Mission
Innowest exists to deliver resources and solutions to local & international companies and entrepreneurs. These resources include workspace and business tools to ensure successful ventures for startups.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SEE SCHEDULE O | - | $162,184 |
| SEE SCHEDULE O | - | - |
| SEE SCHDULE O | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SERDAR TURAC | President & CEO | FT | $56,100 | - | $56,100 |
| ZEYNEP TULU | Secretary | - | $0 | - | - |
| MURAT SEZGIN | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Innowest
- EIN
- 46-3108541
- Phone
- 5105569002
- Address
- 201 CUESTA DR UNIT 18, LOS ALTOS, CA 94022
Signing Officer
- Name
- Serdar Turac
- Title
- President
- Phone
- 5105569002
- Signed
- 2017-06-16
Preparer
- Firm
- Expert Tax & Accounting
- Address
- 8210 Constantine Dr Apt 58, Huntington Beach, CA 92646
- Preparer
- Arif Caparoglu Mba Ea
- Phone
- 6027039091
Supplemental Narrative
Additional Explanations
Other
“Form 990-ez, part ill, line 28 - statement of program service accomplishments1. Silicon valley business tours: the organization executes business tours for managers, executives, entrepreneurs and keen individuals. It hosts business travel, meetings, training, workshops and networking events. Innowest provides travel arrangements & customized itinerary. 2. Bootcamps: innowest and santa clara university offer an accelarated cetificate program providing access to leavey school of business for international students, entrepreneurs and ceos. Innowest provides silicon valley professional networks to ensure these bootcamps supply meaningful connections in addition to enrichment and training. 3. Free coworking and networking day (every wednesday) free coworking day on wednesdays once every two weeks.”
Form 990EZ, Part I, Line 16
“PROGRAM EXPENSE 11532.”
Form 990EZ, Part I, Line 16
“SUPPLIES 1806.”
Form 990EZ, Part I, Line 16
“OFFICE EXPENSE 217.”
Form 990EZ, Part I, Line 16
“TRAVEL 728.”
Form 990EZ, Part I, Line 16
“Books, subscriptions, reference 175.”
Form 990EZ, Part I, Line 16
“PROPERTY TAX 75.”
Form 990EZ, Part I, Line 16
“Equipment rental and maintenance 6165.”
Form 990EZ, Part I, Line 16
“Depreciation 5499.”
Form 990EZ, Part II, Line 24
“Furniture and fixtures 13094. 8903.”
Form 990EZ, Part II, Line 24
“Security deposits 6553. 0.”
Form 990EZ, Part II, Line 24
“Fraudulent charge 0. 4648.”
Form 990EZ, Part II, Line 26
“Payroll taxes payable 676. 0.”
Form 990, Part IX, Line 24E
“Event Expense 4656.”
Form 990, Part IX, Line 24E
“Operations:Books, Subscriptions, Reference 175.”
Form 990, Part IX, Line 24E
“Program Expense 6876.”
Form 990, Part IX, Line 24E
“Bank Charge 117.”
Form 990, Part IX, Line 24E
“Business Expenses:Business Registration Fees 100.”
Form 990, Part IX, Line 24E
“Property Tax 75.”
Raw XML Appendix178 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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT & CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
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| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 19647 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 13551 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26197 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | INNOWEST EXISTS TO DELIVER RESOURCES AND SOLUTIONS TO LOCAL & INTERNATIONAL COMPANIES AND ENTREPRENEURS. THESE RESOURCES INCLUDE WORKSPACE AND BUSINESS TOOLS TO ENSURE SUCCESSFUL VENTURES FOR STARTUPS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 179612 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SEE SCHEDULE O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | SEE SCHEDULE O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | SEE SCHDULE O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 162184 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 60700 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 676 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 210590 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 162184 |
| IRS990EZ/TotalRevenueAmt | 0 | 192812 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.innowest.org |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Other Income Part II, Line 10 Description: Private Office 2015: 85716. 2016: 151906. Description: Executive Program 2015: 34448. 2016: 27706. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Pt II Ln 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 13200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 56829 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 64200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 134229 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 179612 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 120164 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 299776 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 134229 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 13200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 56829 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 64200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 134229 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 434005 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORM 990-EZ, PART ILL, LINE 28 - STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS1. SILICON VALLEY BUSINESS TOURS: THE ORGANIZATION EXECUTES BUSINESS TOURS FOR MANAGERS, EXECUTIVES, ENTREPRENEURS AND KEEN INDIVIDUALS. IT HOSTS BUSINESS TRAVEL, MEETINGS, TRAINING, WORKSHOPS AND NETWORKING EVENTS. INNOWEST PROVIDES TRAVEL ARRANGEMENTS & CUSTOMIZED ITINERARY. 2. BOOTCAMPS: INNOWEST AND SANTA CLARA UNIVERSITY OFFER AN ACCELARATED CETIFICATE PROGRAM PROVIDING ACCESS TO LEAVEY SCHOOL OF BUSINESS FOR INTERNATIONAL STUDENTS, ENTREPRENEURS AND CEOS. INNOWEST PROVIDES SILICON VALLEY PROFESSIONAL NETWORKS TO ENSURE THESE BOOTCAMPS SUPPLY MEANINGFUL CONNECTIONS IN ADDITION TO ENRICHMENT AND TRAINING. 3. FREE COWORKING AND NETWORKING DAY (EVERY WEDNESDAY) FREE COWORKING DAY ON WEDNESDAYS ONCE EVERY TWO WEEKS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PROGRAM EXPENSE 11532. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | SUPPLIES 1806. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | OFFICE EXPENSE 217. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | TRAVEL 728. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BOOKS, SUBSCRIPTIONS, REFERENCE 175. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PROPERTY TAX 75. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | EQUIPMENT RENTAL AND MAINTENANCE 6165. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Depreciation 5499. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | FURNITURE AND FIXTURES 13094. 8903. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | SECURITY DEPOSITS 6553. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | FRAUDULENT CHARGE 0. 4648. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | PAYROLL TAXES PAYABLE 676. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Event Expense 4656. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | Operations:Books, Subscriptions, Reference 175. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Program Expense 6876. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | Bank Charge 117. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | Business Expenses:Business Registration Fees 100. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | Property Tax 75. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990EZ, Part II, Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Form 990, Part IX, Line 24e |
| ReturnHeader/BuildTS | 0 | 2018-03-14 21:41:22Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SERDAR TURAC |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5105569002 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-06-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOWEST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 463108541 |
| ReturnHeader/Filer/PhoneNum | 0 | 5105569002 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 201 CUESTA DR UNIT 18 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LOS ALTOS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94022 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 23FBEA9BEF3B2F0894067740C7A1B4A3EF35BA2A |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 23FBEA9BEF3B2F0894067740C7A1B4A3EF35BA2A |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 104.35.216.225 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-11-07 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | PS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:42:33 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Expert Tax & Accounting |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 8210 Constantine Dr Apt 58 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Huntington Beach |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 92646 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6027039091 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2017-11-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ARIF CAPAROGLU MBA EA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2017-11-07T14:42:43-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
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