Civic Intelligence

Unboundrva

990 • Fiscal year 2019 • EIN 46-4429894

Jun 01, 2018 to May 31, 2019 • Filed on Feb 12, 2020

2920 W Broad Street No 224Richmond, VA 23230

(804) 332-6892

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

44th percentile

1.1%

Higher net margin than 44% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

96th percentile

$75,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 32.1% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

48th percentile

1.2%

Faster asset growth than 48% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-43%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$201,390

Up $2,483 (+1.2%) from 2018

Net Assets

Up

$201,390

Up $2,483 (+1.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$233,329

Down $174,072 (-43%) from 2018

Expenses

Down

$230,846

Down $52,170 (-18%) from 2018

Net Income

Down

$2,483

Down $121,902 (-98%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $91,857Liabilities 2014: $0Net Assets 2014: $91,8572014Assets 2016: $221,256Liabilities 2016: $0Net Assets 2016: $221,2562016Assets 2017: $74,522Liabilities 2017: $0Net Assets 2017: $74,5222017Assets 2018: $198,907Liabilities 2018: $0Net Assets 2018: $198,9072018Assets 2019: $201,390Liabilities 2019: $0Net Assets 2019: $201,3902019Assets 2020: $54,663Liabilities 2020: $0Net Assets 2020: $54,6632020

Highlighted filing

2019

Assets$201,390
Liabilities$0
Net Assets$201,390

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $109,120Expenses 2014: $17,263Net Income 2014: $91,8572014Revenue 2016: $293,666Expenses 2016: $233,051Net Income 2016: $60,6152016Revenue 2017: $125,811Expenses 2017: $272,545Net Income 2017: -$146,7342017Revenue 2018: $407,401Expenses 2018: $283,016Net Income 2018: $124,3852018Revenue 2019: $233,329Expenses 2019: $230,846Net Income 2019: $2,4832019Revenue 2020: $8,181Expenses 2020: $154,908Net Income 2020: -$146,7272020

Highlighted filing

2019

Revenue$233,329
Expenses$230,846
Net Income$2,483
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$233,329
Mission and Program Overview

Mission

Unboundrva operates for the purpose of building leaders within low-income communities and inspiring and promoting social change. Unboundrva intends to achieve its purposes by providing talented individuals from low-income communities a path to entrepreneurship by connecting them to the resources, training, and support necessary to launch successful businesses. Specifically, unboundrva will provide business and leadership training and mentorship to underutilized individuals who demonstrate the motivation, skill, and potential to be successful entrepreneurs. In doing so, unboundrva will provide a critical social service and promote positive change for richmond's low-income communities.

To provide talented individuals from low-income communities a path to entrepreneurship

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$198,907$201,390▲ $2,483
Cash and Non-Interest-Bearing Accounts$165,896$155,317▼ $10,579
Investments Other Securities$32,855$33,137▲ $282
Inventories for Sale or Use-$5,980-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$198,907$201,390▲ $2,483
Other Assets Total$156$6,956▲ $6,800
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$198,907$201,390▲ $2,483
Total Liabilities and Net Assets / Fund Balance$198,907$201,390▲ $2,483

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$11,958--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sarah Williams Since SeptemberExecutive DirectorFT$75,000$75,000

Board Members and Trustees

NameTitle
Adrienne ColeDirector
Andrew WhiteDirector
Brad SwortzelDirector
Fredrick MooreDirector
James WalkerDirector
Richard LuckDirector
Sarah MullensDirector
Wanda OrtwineDirector
Zaheer LadakDirector
Luke Buckovich Through JuneExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$232,807
Program Service Revenue
$0
Investment Income
$522
Other Revenue
$0
All Other Contributions
$232,807
Change in Net Assets
$2,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$137,857
Other Expenses$92,989
Total Fundraising Expense$10,184
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,862$5,299$5,860$69,021
Current Officers, Directors, Trustees, and Key Employees$43,550$10,329$1,954$55,833
Fees for Services Other$18,334$6,220-$24,554
Occupancy$14,639--$14,639
Payroll Taxes$9,933$1,516$758$12,207
Office Expenses$6,575$4,785-$11,360
Other Expenses$5,061--$5,061
Insurance$3,736--$3,736
Advertising$1,132-$1,612$2,744
All Other Expenses$1,977$277-$2,254
Information Technology$1,417--$1,417
Other Employee Benefits$-165$961-$796
Travel$141--$141
Total Functional Expenses$191,275$29,387$10,184$230,846
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
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 11B

The board of directors reviews and approves the 990 before it is filed.

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

The board shall adopt and periodically review a conflict of interest policy to protect the corporation's interest when it is contemplating any transaction or arrangement which may benefit the private interest of an officer or director of the corporation or might result in a possible excess benefit transaction. The interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.

Form 990, Part VI, Section B, Line 15

The board examines average salaries of comparable positions at similar organizations. It adjusts compensation for experience of the organization's officers and size of organization, in services provided and monetary impact. A salary amount is proposed, then voted on by the board and documented in the board meeting minutes.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and the financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Unboundrva
EIN
46-4429894
Phone
8043326892
Address
2920 W BROAD STREET NO 224, RICHMOND, VA 23230

Signing Officer

Name
Sarah Williams
Title
Executive Director
Phone
8045927669
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Williams
Formed
2013
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
9
Employees
7
Volunteers
120

Preparer

Firm
Cherry Bekaert Llp
Address
200 SOUTH 10TH ST STE 900, RICHMOND, VA 23219
Preparer
James K Walker
Phone
8046735700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 18,334. Management and general expenses 6,220. Fundraising expenses 0. Total expenses 24,554.

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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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IRS990/MissionDesc0UNBOUNDRVA OPERATES FOR THE PURPOSE OF BUILDING LEADERS WITHIN LOW-INCOME COMMUNITIES AND INSPIRING AND PROMOTING SOCIAL CHANGE. UNBOUNDRVA INTENDS TO ACHIEVE ITS PURPOSES BY PROVIDING TALENTED INDIVIDUALS FROM LOW-INCOME COMMUNITIES A PATH TO ENTREPRENEURSHIP BY CONNECTING THEM TO THE RESOURCES, TRAINING, AND SUPPORT NECESSARY TO LAUNCH SUCCESSFUL BUSINESSES. SPECIFICALLY, UNBOUNDRVA WILL PROVIDE BUSINESS AND LEADERSHIP TRAINING AND MENTORSHIP TO UNDERUTILIZED INDIVIDUALS WHO DEMONSTRATE THE MOTIVATION, SKILL, AND POTENTIAL TO BE SUCCESSFUL ENTREPRENEURS. IN DOING SO, UNBOUNDRVA WILL PROVIDE A CRITICAL SOCIAL SERVICE AND PROMOTE POSITIVE CHANGE FOR RICHMOND'S LOW-INCOME COMMUNITIES.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0292506
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0342
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0141
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0805
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0292506
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0204088
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD SHALL ADOPT AND PERIODICALLY REVIEW A CONFLICT OF INTEREST POLICY TO PROTECT THE CORPORATION'S INTEREST WHEN IT IS CONTEMPLATING ANY TRANSACTION OR ARRANGEMENT WHICH MAY BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD EXAMINES AVERAGE SALARIES OF COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. IT ADJUSTS COMPENSATION FOR EXPERIENCE OF THE ORGANIZATION'S OFFICERS AND SIZE OF ORGANIZATION, IN SERVICES PROVIDED AND MONETARY IMPACT. A SALARY AMOUNT IS PROPOSED, THEN VOTED ON BY THE BOARD AND DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 18,334. MANAGEMENT AND GENERAL EXPENSES 6,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,554.
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 IX, LINE 11G
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IRS990/TravelGrp/TotalAmt0141
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IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SARAH WILLIAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08045927669
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNBOUNDRVA
ReturnHeader/Filer/BusinessNameControlTxt0UNBO
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ReturnHeader/FilingSecurityInformation/IPDt02020-02-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES

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