Civic Intelligence

Placemade

990 • Fiscal year 2017 • EIN 46-3459764

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 08, 2018

150 Hooper Street No 200San Francisco, CA 94107

(415) 408-5605

Siviq Scores

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

Liabilities / Assets

97th percentile

2.39x

Higher debt load relative to assets than 97% of similar nonprofits.

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

Liabilities / Revenue

98th percentile

3.69x

Higher debt load relative to revenue than 98% of similar nonprofits.

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

Net Margin

2nd percentile

-271%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

99th percentile

$227,445

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 234.3% of source-year revenue.

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

Asset Growth

84th percentile

51%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

6th percentile

-65%

Faster revenue growth than 6% of similar nonprofits.

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

Assets

Up

$150,039

Up $50,955 (+51%) from 2016

Net Assets

Down

-$208,037

Down $263,480 (-475%) from 2016

Liabilities

Up

$358,076

Up $314,435 (+721%) from 2016

Revenue

Down

$97,083

Down $181,603 (-65%) from 2016

Expenses

Up

$360,563

Up $116,356 (+48%) from 2016

Net Income

Down

-$263,480

Down $297,959 (-864%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $35,798Liabilities 2014: $47,368Net Assets 2014: -$11,5702014Assets 2015: $70,096Liabilities 2015: $49,132Net Assets 2015: $20,9642015Assets 2016: $99,084Liabilities 2016: $43,641Net Assets 2016: $55,4432016Assets 2017: $150,039Liabilities 2017: $358,076Net Assets 2017: -$208,0372017Assets 2018: $17,119,969Liabilities 2018: $9,152,433Net Assets 2018: $7,967,5362018Assets 2019: $17,048,153Liabilities 2019: $8,794,712Net Assets 2019: $8,253,4412019Assets 2020: $17,156,769Liabilities 2020: $8,629,359Net Assets 2020: $8,527,4102020Assets 2021: $17,227,363Liabilities 2021: $8,661,935Net Assets 2021: $8,565,4282021Assets 2022: $17,113,983Liabilities 2022: $8,437,849Net Assets 2022: $8,676,1342022Assets 2023: $16,870,191Liabilities 2023: $8,185,283Net Assets 2023: $8,684,9082023Assets 2024: $16,860,129Liabilities 2024: $8,035,923Net Assets 2024: $8,824,2062024

Highlighted filing

2017

Assets$150,039
Liabilities$358,076
Net Assets-$208,037

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $71,515Expenses 2014: $83,085Net Income 2014: -$11,5702014Revenue 2015: $317,551Expenses 2015: $285,017Net Income 2015: $32,5342015Revenue 2016: $278,686Expenses 2016: $244,207Net Income 2016: $34,4792016Revenue 2017: $97,083Expenses 2017: $360,563Net Income 2017: -$263,4802017Revenue 2018: $10,661,423Expenses 2018: $2,485,850Net Income 2018: $8,175,5732018Revenue 2019: $911,738Expenses 2019: $625,833Net Income 2019: $285,9052019Revenue 2020: $913,473Expenses 2020: $639,504Net Income 2020: $273,9692020Revenue 2021: $930,193Expenses 2021: $892,175Net Income 2021: $38,0182021Revenue 2022: $742,645Expenses 2022: $631,939Net Income 2022: $110,7062022Revenue 2023: $662,644Expenses 2023: $653,870Net Income 2023: $8,7742023Revenue 2024: $634,644Expenses 2024: $495,346Net Income 2024: $139,2982024

Highlighted filing

2017

Revenue$97,083
Expenses$360,563
Net Income-$263,480
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 8, 2018
Return Version
2017v2.3
Gross Receipts
$97,083
Mission and Program Overview

Mission

To sustain and grow manufacturing jobs for residents of urban communities by creating more real estate for manufacturing businesses in cities that is functional, accessible, and affordable.

To collaborate with public and private sector to develop industrial real estate for manufacturers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$93,028$83,854▼ $9,174
Prepaid Expenses and Deferred Charges$2,160$62,123▲ $59,963
Savings and Temporary Cash Investments$3,896$4,062▲ $166
Total Assets$99,084$150,039▲ $50,955
Liabilities
Accounts Payable and Accrued Expenses$43,641$298,076▲ $254,435
Other Liabilities$0$60,000▲ $60,000
Total Liabilities$43,641$358,076▲ $314,435
Net Assets / Fund Balance
Unrestricted Net Assets$55,443$-208,037▼ $263,480
Total Net Assets Fund Balance$55,443$-208,037▼ $263,480
Total Liabilities and Net Assets / Fund Balance$99,084$150,039▲ $50,955
Compensation and Service Providers

Employees

NameTitleOtherTotal
Brett HazlettChief Financial Officer$132,954$132,954

Board Members and Trustees

NameTitle
Kate SofisPresident
Byron RhettBoard Member
Greg SheppardBoard Member
Jon KnorppBoard Member
Corinne IngrassiaBoard Member (thru 8/30/17)
Alicia Esterkamp AllbinSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,081
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-263,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,083
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$97,083
Total Revenue per Form 990
$97,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$218,205
Salaries, Compensation, and Employee Benefits$142,358
Total Fundraising Expense$6,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$89,333$22,731$4,239$116,303
Fees for Services Other$112,894--$112,894
Fees for Services Legal$37,526$1,868-$39,394
Fees for Services Accounting-$27,875-$27,875
Office Expenses$17,682$3,861$896$22,439
Other Employee Benefits$13,446$3,332$702$17,480
Payroll Taxes$6,575$1,656$344$8,575
Insurance$4,045$883$205$5,133
Occupancy$3,116$680$158$3,954
Travel$1,300$1,236-$2,536
Information Technology$1,645$359$83$2,087
Advertising$1,053--$1,053
Other Expenses$810$30$0$840
Total Functional Expenses$289,425$64,511$6,627$360,563

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$360,563
Total Expenses per Audited Statements$360,563
Total Expenses per Form 990$360,563
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Loan From Related Party$60,000
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The finance committee reviewed the 990 before approving and signing. The full board approved submitting the 990 based on the finance committee recommendation. The final draft was distributed to the board prior to filing.

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

Each director, officer, and key employee must annually complete a new conflict of interest form and sign it. Each conflict of interest form is reviewed by the chairman/president of the board. All disclosed conflicts are reported to the board of directors. If there is a potential conflict of interest relating to a particular transaction, the individual must disclose the existence and nature of the relationship. Until the potential conflict is resolved, the individual will recuse himself or not participate in the deliberations and decisions in the related transaction.

Form 990, Part VI, Section B, Line 15

Placemade employees are compensated by sfmade and compensation is determinable under the sfmade policy. Sfmade runs comparable salary reports every 2 years. Sfmade board approves ceo compensation annually. Sfmade board approves budget, which specifies total employee compensation planned for the year, annually. Board is informed of all hires while the executive director retains ultimate decision authority on hire specifics.

Form 990, Part VI, Section C, Line 19

The documents are available by coming to the sfmade offices and requesting to see them or by requesting in writing to receive a copy of the documents. The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request for the same period of time set forth in sec. 6104(d).

Form 990, Part VI, Section B, Line 14

Placemade is in the process of adopting a written document retention and destruction policy.

Filing and Contact Details

Filer

Filer Name
Placemade
EIN
46-3459764
Phone
4154085605
Address
150 HOOPER STREET NO 200, SAN FRANCISCO, CA 94107

Signing Officer

Name
Kate Sofis
Title
President
Phone
4154085605
Signed
2018-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kate Sofis
Formed
2013
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Hood & Strong Llp
Address
275 BATTERY ST STE 900, SAN FRANCISCO, CA 94111
Preparer
Maga E Kisriev
Phone
4157810793
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional consultants: program service expenses 112,894. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,894.

Financial Statement Notes

PART X, LINE 2:

Placemade is exempt from federal income tax on related income under the internal revenue code, section 501(c)(3). Accordingly, no provision for income taxes has been reflected in these financial statements. Placemade follows the guidance on accounting for uncertainty in income taxes issued by financial accounting standards board (fasb) accounting standards codification (asc) topic 740. As of december 31, 2017, management evaluated placemade's tax positions and concluded that placemade had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements.

Raw XML AppendixShowing 400 of 479 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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0289425
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SFMADE INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/ExpensesNotReportedAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RELATED PARTY
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt097083
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PLACEMADE IS EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. PLACEMADE FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740. AS OF DECEMBER 31, 2017, MANAGEMENT EVALUATED PLACEMADE'S TAX POSITIONS AND CONCLUDED THAT PLACEMADE HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalLiabilityAmt060000
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATE SOFIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SFMADE, THE SUPPORTED ORGANIZATION, USES COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, QUESTION 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWED THE 990 BEFORE APPROVING AND SIGNING. THE FULL BOARD APPROVED SUBMITTING THE 990 BASED ON THE FINANCE COMMITTEE RECOMMENDATION. THE FINAL DRAFT WAS DISTRIBUTED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE MUST ANNUALLY COMPLETE A NEW CONFLICT OF INTEREST FORM AND SIGN IT. EACH CONFLICT OF INTEREST FORM IS REVIEWED BY THE CHAIRMAN/PRESIDENT OF THE BOARD. ALL DISCLOSED CONFLICTS ARE REPORTED TO THE BOARD OF DIRECTORS. IF THERE IS A POTENTIAL CONFLICT OF INTEREST RELATING TO A PARTICULAR TRANSACTION, THE INDIVIDUAL MUST DISCLOSE THE EXISTENCE AND NATURE OF THE RELATIONSHIP. UNTIL THE POTENTIAL CONFLICT IS RESOLVED, THE INDIVIDUAL WILL RECUSE HIMSELF OR NOT PARTICIPATE IN THE DELIBERATIONS AND DECISIONS IN THE RELATED TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PLACEMADE EMPLOYEES ARE COMPENSATED BY SFMADE AND COMPENSATION IS DETERMINABLE UNDER THE SFMADE POLICY. SFMADE RUNS COMPARABLE SALARY REPORTS EVERY 2 YEARS. SFMADE BOARD APPROVES CEO COMPENSATION ANNUALLY. SFMADE BOARD APPROVES BUDGET, WHICH SPECIFIES TOTAL EMPLOYEE COMPENSATION PLANNED FOR THE YEAR, ANNUALLY. BOARD IS INFORMED OF ALL HIRES WHILE THE EXECUTIVE DIRECTOR RETAINS ULTIMATE DECISION AUTHORITY ON HIRE SPECIFICS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE BY COMING TO THE SFMADE OFFICES AND REQUESTING TO SEE THEM OR BY REQUESTING IN WRITING TO RECEIVE A COPY OF THE DOCUMENTS. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PLACEMADE IS IN THE PROCESS OF ADOPTING A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL CONSULTANTS: PROGRAM SERVICE EXPENSES 112,894. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 112,894.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SFMADE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1150 HOOPER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0272850703
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1823791092
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUSTAINABLE MANUFACTURER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SUPPORT SFMADE INC.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 HOOPER STREET UNIT 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1150 HOOPER STREET UNIT 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SAN FRANCISCO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1SAN FRANCISCO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
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IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt099084

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