Civic Intelligence

Sabre Finance

990 • Fiscal year 2016 • EIN 46-5457673

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 09, 2017

Organization Profilewww.venturesouth.org
2 20th Street NBirmingham, AL 35203

(205) 251-8139

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.04x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

83rd percentile

24%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$10,000

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

55th percentile

2.6%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$2,816,952

Up $71,306 (+2.6%) from 2015

Net Assets

Down

$2,715,154

Down $30,492 (-1.1%) from 2015

Liabilities

Up

$101,798

Up $101,798 from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin83rd percentile

Revenue

Down

$98,111

Down $46,193 (-32%) from 2015

Expenses

Down

$74,273

Down $198,293 (-73%) from 2015

Net Income

Up

$23,838

Up $152,100 (+119%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$10M$5.0M$0Assets 2015: $2,745,646Liabilities 2015: $0Net Assets 2015: $2,745,6462015Assets 2016: $2,816,952Liabilities 2016: $101,798Net Assets 2016: $2,715,1542016Assets 2017: $2,744,696Liabilities 2017: $337,934Net Assets 2017: $2,406,7622017Assets 2018: $3,124,195Liabilities 2018: $697,606Net Assets 2018: $2,426,5892018Assets 2019: $3,344,324Liabilities 2019: $1,061,516Net Assets 2019: $2,282,8082019Assets 2020: $5,158,850Liabilities 2020: $2,861,355Net Assets 2020: $2,297,4952020Assets 2021: $6,233,510Liabilities 2021: $3,041,629Net Assets 2021: $3,191,8812021Assets 2022: $6,932,040Liabilities 2022: $3,251,234Net Assets 2022: $3,680,8062022Assets 2023: $9,266,668Liabilities 2023: $5,415,014Net Assets 2023: $3,851,6542023

Highlighted filing

2016

Assets$2,816,952
Liabilities$101,798
Net Assets$2,715,154
Open 2016 Filing

Operations Trend

Revenue Growth10th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $144,304Expenses 2015: $272,566Net Income 2015: -$128,2622015Revenue 2016: $98,111Expenses 2016: $74,273Net Income 2016: $23,8382016Revenue 2017: $76,948Expenses 2017: $385,340Net Income 2017: -$308,3922017Revenue 2018: $285,007Expenses 2018: $265,180Net Income 2018: $19,8272018Revenue 2019: $553,504Expenses 2019: $697,285Net Income 2019: -$143,7812019Revenue 2020: $649,102Expenses 2020: $634,376Net Income 2020: $14,7262020Revenue 2021: $1,695,074Expenses 2021: $800,688Net Income 2021: $894,3862021Revenue 2022: $1,767,213Expenses 2022: $1,301,668Net Income 2022: $465,5452022Revenue 2023: $1,669,572Expenses 2023: $1,722,899Net Income 2023: -$53,3272023

Highlighted filing

2016

Revenue$98,111
Expenses$74,273
Net Income$23,838
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Aug 9, 2017
Return Version
2015v3.0
Gross Receipts
$98,111
Mission and Program Overview

Mission

To stimulate economic development through the provision of financial and technical assistance to small and medium-sized businesses, particularly those locating or wishing to locate in distressed areas of Alabama in general and the Birmingham region specifically.

To stimulate economic development through the provision of financial and technical assistance to small and medium-sized businesses, particularly those locating or wishing to locate in distressed areas of Alabama in general and the Biringham region specifically.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,585,695$1,585,991▲ $296
Cash and Non-Interest-Bearing Accounts$1,154,543$508,553▼ $645,990
Investments Other Securities$5,408$5,408→ $0
Total Assets$2,745,646$2,816,952▲ $71,306
Other Assets Total$0$717,000▲ $717,000
Liabilities
Accounts Payable and Accrued Expenses$54,330$101,798▲ $47,468
Total Liabilities$54,330$101,798▲ $47,468
Net Assets / Fund Balance
Unrestricted Net Assets$1,603,720$1,652,010▲ $48,290
Permanently Rstr Net Assets$1,087,596$1,063,144▼ $24,452
Total Net Assets Fund Balance$2,691,316$2,715,154▲ $23,838
Total Liabilities and Net Assets / Fund Balance$2,745,646$2,816,952▲ $71,306

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$717,000--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ray Morris PhDCEOFT$10,000$10,000
Brian O'DellCFOFT$4,995$4,995
Yvonne MurrayCOOFT$4,995$4,995

Board Members and Trustees

NameTitle
Jim ByramPresident
Akhlaque Haque PhDVice President
T Ray MauldinVice President
Charles BallSecretary
Allison McGuireTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$95,649
Investment Income
$1,262
Other Revenue
$1,200
Change in Net Assets
$23,838

Audited Revenue Reconciliation

Revenue per Audited Statements
$98,111
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$98,111
Total Revenue per Form 990
$98,111
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,249
Salaries, Compensation, and Employee Benefits$22,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$19,990-$19,990
Office Expenses-$8,145-$8,145
Insurance-$5,851-$5,851
Other Expenses$4,067$4,066-$4,066
Payroll Taxes-$2,034-$2,034
Fees for Services Legal$1,645--$1,645
All Other Expenses$-66,364--$-66,364
Total Functional Expenses$29,689$44,584$0$74,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$74,273
Total Expenses per Audited Statements$74,273
Total Expenses per Form 990$74,273
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
Governance and Compliance

Governance Checklist

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

“The members of the Board are provided with a copy of the 990 for review prior to filing. A member can express any concerns related to the items listed on the 990.”

Form 990, Part VI, Section C, line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Sabre Finance
EIN
46-5457673
Phone
2052518139
Address
2 20th Street N, Birmingham, AL 35203
Doing Business As
Venture South

Signing Officer

Name
Ray Morris
Title
CEO
Phone
2052518139
Signed
2017-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Morris
Formed
2014
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Kassouf & Co PC
Address
2101 Highland Ave S Suite 300, Birmingham, AL 35205-4009
Preparer
William P Bach
Phone
2054432500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“There has been no change in the oversight or selection process.”

Raw XML Appendix375 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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt098111
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0717000
IRS990ScheduleD/TotalExpensesPerForm990Amt074273
IRS990ScheduleD/TotalRevenuePerForm990Amt098111
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt098111
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt074273
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The members of the Board are provided with a copy of the 990 for review prior to filing. A member can express any concerns related to the items listed on the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There has been no change in the oversight or selection process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02745646
IRS990/TotalAssetsEOYAmt02816952
IRS990/TotalAssetsGrp/BOYAmt02745646
IRS990/TotalAssetsGrp/EOYAmt02816952
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044584
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029689
IRS990/TotalFunctionalExpensesGrp/TotalAmt074273
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt054330
IRS990/TotalLiabilitiesEOYAmt0101798
IRS990/TotalLiabilitiesGrp/BOYAmt054330
IRS990/TotalLiabilitiesGrp/EOYAmt0101798
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02691316
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02715154
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt029689
IRS990/TotalProgramServiceRevenueAmt095649
IRS990/TotalReportableCompFromOrgAmt019990
IRS990/TotalRevenueGrp/ExclusionAmt01262
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt096849
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt098111
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02745646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02816952
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01603720
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01652010
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 20th Street N
IRS990/USAddress/CityNm0Birmingham
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035203
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.venturesouth.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ray Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02052518139
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Sabre Finance
ReturnHeader/Filer/BusinessNameControlTxt0SABR
ReturnHeader/Filer/EIN0465457673
ReturnHeader/Filer/PhoneNum02052518139
ReturnHeader/Filer/USAddress/AddressLine1Txt02 20th Street N
ReturnHeader/Filer/USAddress/CityNm0Birmingham
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035203
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0630590670
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kassouf & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02101 Highland Ave S Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Birmingham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0352054009
ReturnHeader/PreparerPersonGrp/PhoneNum02054432500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William P Bach
ReturnHeader/ReturnTs02017-08-14T17:32:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,816,952
Liabilities
$101,798
Net assets
$2,715,154
Revenue
$98,111
Expenses
$74,273
Net income
$23,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.27$5.42$3.85$1.67$1.72$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.93$3.25$3.68$1.77$1.30$0.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$3.04$3.19$1.70$0.80$0.89
2020Summary only. Only limited summary data is available for this year.$5.16$2.86$2.30$0.65$0.63$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.34$1.06$2.28$0.55$0.70$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$0.70$2.43$0.29$0.27$0.02
2017Summary only. Only limited summary data is available for this year.$2.74$0.34$2.41$0.08$0.39$0.31
2016Detailed filing. Detailed filing data is available for this year.$2.82$0.10$2.72$0.10$0.07$0.02
2015Summary only. Only limited summary data is available for this year.$2.75$0.00$2.75$0.14$0.27$0.13