Civic Intelligence

Placemade

990 • Fiscal year 2023 • EIN 46-3459764

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 08, 2024

150 Hooper Street 200San Francisco, CA 94103

(415) 408-5605

Siviq Scores

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

Liabilities / Assets

75th percentile

0.49x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

12.35x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

42nd percentile

1.3%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$173,563

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 26.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

24th percentile

-1.4%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-11%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$16,870,191

Down $243,792 (-1.4%) from 2022

Net Assets

Up

$8,684,908

Up $8,774 (+0.1%) from 2022

Liabilities

Down

$8,185,283

Down $252,566 (-3.0%) from 2022

Revenue

Down

$662,644

Down $80,001 (-11%) from 2022

Expenses

Up

$653,870

Up $21,931 (+3.5%) from 2022

Net Income

Down

$8,774

Down $101,932 (-92%) from 2022

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

2023

Assets$16,870,191
Liabilities$8,185,283
Net Assets$8,684,908

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

2023

Revenue$662,644
Expenses$653,870
Net Income$8,774
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 8, 2024
Return Version
2023v5.1
Gross Receipts
$662,644
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.

Bay Area's first non-profit industrial real estate development corporation collaborates with both the private and public sector to ensure that the Bay Area has adequate quality industrial space to support a vibrant and growing manufacturing sector.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$16,706,080$16,706,080→ $0
Cash and Non-Interest-Bearing Accounts$402,537$162,451▼ $240,086
Prepaid Expenses and Deferred Charges$5,366$1,660▼ $3,706
Total Assets$17,113,983$16,870,191▼ $243,792
Liabilities
Unsecured Notes Loans Payable$8,307,985$8,175,295▼ $132,690
Other Liabilities$129,842$9,988▼ $119,854
Accounts Payable and Accrued Expenses$22--
Total Liabilities$8,437,849$8,185,283▼ $252,566
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,676,134$8,684,908▲ $8,774
Total Net Assets Fund Balance$8,676,134$8,684,908▲ $8,774
Total Liabilities and Net Assets / Fund Balance$17,113,983$16,870,191▼ $243,792
Compensation and Service Providers

Board Members and Trustees

NameTitle
Byron RhettBoard President
Greg SheppardBoard Member
Jon KnorppBoard Member
Alicia Esterkamp AllbinBoard Secretary/Treasurer
Linda BeckerCEO- ended on April 30
Stephen SellersInterim CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,000
Investment Income
$572,644
Other Revenue
$0
Change in Net Assets
$8,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$653,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$461,936--$461,936
Depreciation Depletion$20,250--$20,250
Fees for Services Accounting-$13,087-$13,087
Insurance$6,571--$6,571
Information Technology$1,645--$1,645
Office Expenses-$281-$281
Other Expenses$100$150,000-$100
Total Functional Expenses$490,502$163,368$0$653,870
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 Interest$9,988
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 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
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 Form 990 before approving and signing. The full board approved submitting the Form 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 CEO 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 set forth in Sec. 6104(d).

Filing and Contact Details

Filer

Filer Name
Placemade
EIN
46-3459764
Phone
4154085605
Address
150 Hooper Street 200, San Francisco, CA 94103

Signing Officer

Name
Stephen Sellers
Title
Interim CEO
Phone
4154085605
Signed
2024-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Sellers
Formed
2013
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Aprio LLP
Address
150 Post Street Suite 200, San Francisco, CA 94108
Preparer
Stacy Cullen
Phone
4157774488
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The Board of Directors assumes responsibility for oversight of the audit. This has not changed from the prior year.

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Linda Becker
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO- ended on April 30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0173563
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The finance committee reviewed the Form 990 before approving and signing. The full board approved submitting the Form 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 CEO 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 set forth in Sec. 6104(d).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board of Directors assumes responsibility for oversight of the audit. This has not changed from the prior year.
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 XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0SFMade
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0150 Hooper Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SF Made
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0823791092
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1272850703
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C) (3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Sustainable Manufacturing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Sustainable Manufacturing
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0150 Hooper Street Unit 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1150 Hooper StreetSuite 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1San Francisco
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd094103
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd194107
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0150000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt190000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt241
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0150 Hooper Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1150 Hooper Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2SFMade
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1Q
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017113983
IRS990/TotalAssetsEOYAmt016870191
IRS990/TotalAssetsGrp/BOYAmt017113983
IRS990/TotalAssetsGrp/EOYAmt016870191
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163368
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0490502
IRS990/TotalFunctionalExpensesGrp/TotalAmt0653870
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08437849
IRS990/TotalLiabilitiesEOYAmt08185283
IRS990/TotalLiabilitiesGrp/BOYAmt08437849
IRS990/TotalLiabilitiesGrp/EOYAmt08185283
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt08676134
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08684908
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0490502
IRS990/TotalProgramServiceRevenueAmt090000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0572644
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0662644
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017113983
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016870191
IRS990/TotReportableCompRltdOrgAmt0173563
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt08307985
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt08175295
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0150 Hooper Street 200
IRS990/USAddress/CityNm0San Francisco
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094103
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.placemade.com
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Sellers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Interim CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04154085605

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