Civic Intelligence

Innowest

990EZ • Fiscal year 2015 • EIN 46-3108541

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization Profilewww.meetup.com/innowest_meetup_group
764 San Aleso AveSunnyvale, CA 94085

(408) 462-2498

Siviq Scores

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

Liabilities / Assets

65th percentile

0.02x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

88th percentile

$35,700

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

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

Asset Growth

74th percentile

24%

Faster asset growth than 74% of similar nonprofits.

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

Revenue Growth

96th percentile

176%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$35,941

Up $6,967 (+24%) from 2014

Net Assets

Up

$35,265

Up $6,291 (+22%) from 2014

Liabilities

$676

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin51st percentile

Revenue

Up

$177,292

Up $113,092 (+176%) from 2014

Expenses

Up

$171,001

Up $135,557 (+382%) from 2014

Net Income

Down

$6,291

Down $22,465 (-78%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$40K$30K$20K$10K$0Assets 2014: $28,974Net Assets 2014: $28,9742014Assets 2015: $35,941Liabilities 2015: $676Net Assets 2015: $35,2652015Assets 2016: $17,487Net Assets 2016: $17,4872016

Highlighted filing

2015

Assets$35,941
Liabilities$676
Net Assets$35,265
Open 2015 Filing

Operations Trend

Revenue Growth96th percentile

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

$300K$200K$100K$0-$100KRevenue 2014: $64,200Expenses 2014: $35,444Net Income 2014: $28,7562014Revenue 2015: $177,292Expenses 2015: $171,001Net Income 2015: $6,2912015Revenue 2016: $192,812Expenses 2016: $210,590Net Income 2016: -$17,7782016

Highlighted filing

2015

Revenue$177,292
Expenses$171,001
Net Income$6,291
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$177,292
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

DescriptionGrantsExpenses
1. Silicon Valley Business ToursThe 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. BootcampsInnowest 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.$134,804-
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SERDAR TURACCEOFT$35,700-$35,700
TALIP OZTURKPresident-$0--
MURAT SEZGINTreasurer-$0--
ZEYNEP TULUSecretary-$0--
MARGARET DARIN HAGANMember-$0--
Filing and Contact Details

Filer

Filer Name
Innowest
EIN
46-3108541
Phone
4084622498
Address
764 SAN ALESO AVE, SUNNYVALE, CA 94085

Signing Officer

Name
Talip Ozturk
Title
President
Signed
2016-11-15
Discuss with paid preparer
Yes

Preparer

Firm
M Razi Sheikh CPA
Address
7133 Etiwanda Ave 205, Reseda, CA 91335
Preparer
M Razi Sheikh CPA
Phone
8187749201
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $410”

Other Expenses.1005

“Travel $5321”

Other Expenses.1009

“Depreciation $8729”

Other Expenses.1012

“Insurance $691”

Other Expenses.1

“Supplies $16202”

Other Expenses.2

“Meetup Expenses $14440”

Other Expenses.4

“Equipment Rental $917”

Other Expenses.5

“Books, Subscriptions & Referen $237”

Other Assets.1002

“Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $13094”

Other Assets.1

“Security Deposits - Beginning $6553 Security Deposits - Ending $6553”

Total Liabilities.1

“PAYROLL TAXES PAYABLE - Beginning $0 PAYROLL TAXES PAYABLE - Ending $676”

Raw XML Appendix158 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TALIP OZTURK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4CEO
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0INNOWEST 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/PrintingPublicationsPostageAmt01057
IRS990EZ/ProgramServiceRevenueAmt0120164
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt01. Silicon Valley Business ToursThe 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. BootcampsInnowest 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0134804
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt064200
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0121029
IRS990ScheduleA/TotalSupportAmt0241193
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $410
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $5321
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $8729
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $691
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Supplies $16202
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Meetup Expenses $14440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Equipment Rental $917
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Books, Subscriptions & Referen $237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $13094
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Security Deposits - Beginning $6553 Security Deposits - Ending $6553
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PAYROLL TAXES PAYABLE - Beginning $0 PAYROLL TAXES PAYABLE - Ending $676
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TALIP OZTURK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOWEST
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0463108541
ReturnHeader/Filer/PhoneNum04084622498
ReturnHeader/Filer/USAddress/AddressLine1Txt0764 SAN ALESO AVE
ReturnHeader/Filer/USAddress/CityNm0SUNNYVALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094085
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0M Razi Sheikh CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07133 Etiwanda Ave 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Reseda
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091335
ReturnHeader/PreparerPersonGrp/PhoneNum08187749201
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M Razi Sheikh CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-11-15T12:08:41-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$35,941
Liabilities
$676
Net assets
$35,265
Revenue
$177,292
Expenses
$171,001
Net income
$6,291
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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