Civic Intelligence

Sabre Finance

990 • Fiscal year 2018 • EIN 46-5457673

Oct 01, 2017 to Sep 30, 2018 • Filed on May 24, 2019

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

66th percentile

0.22x

Higher debt load relative to assets than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

2.45x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

270%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$3,124,195

Up $379,499 (+14%) from 2017

Net Assets

Up

$2,426,589

Up $19,827 (+0.8%) from 2017

Liabilities

Up

$697,606

Up $359,672 (+106%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin60th percentile

Revenue

Up

$285,007

Up $208,059 (+270%) from 2017

Expenses

Down

$265,180

Down $120,160 (-31%) from 2017

Net Income

Up

$19,827

Up $328,219 (+106%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2018

Assets$3,124,195
Liabilities$697,606
Net Assets$2,426,589
Open 2018 Filing

Operations Trend

Revenue Growth97th 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

2018

Revenue$285,007
Expenses$265,180
Net Income$19,827
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 24, 2019
Return Version
2017v2.3
Gross Receipts
$559,863
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$1,806,336$2,015,391▲ $209,055
Cash and Non-Interest-Bearing Accounts$465,401$859,347▲ $393,946
Investments Other Securities$5,408$0▼ $5,408
Total Assets$2,744,696$3,124,195▲ $379,499
Other Assets Total$467,551$249,457▼ $218,094
Liabilities
Mortgage Notes Payable Secured by Investment Property$301,919$639,342▲ $337,423
Accounts Payable and Accrued Expenses$36,015$58,264▲ $22,249
Total Liabilities$337,934$697,606▲ $359,672
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,063,926$1,173,801▲ $109,875
Unrestricted Net Assets$1,240,016$1,069,357▼ $170,659
Temporarily Rstr Net Assets$102,820$183,431▲ $80,611
Total Net Assets Fund Balance$2,406,762$2,426,589▲ $19,827
Total Liabilities and Net Assets / Fund Balance$2,744,696$3,124,195▲ $379,499

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$249,457--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jim ByramPresident
Akhlaque Haque PhDVice President
T Ray MauldinVice President
Ray Morris PhDCEO
Brian O'DellCFO
Charles BallSecretary
Allison McGuireTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,321
Program Service Revenue
$170,875
Investment Income
$13,011
Other Revenue
$16,800
Change in Net Assets
$19,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,007
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$285,007
Total Revenue per Form 990
$285,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$165,588
Other Expenses$99,592
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-$105,000-$105,000
Other Salaries and Wages-$41,407-$41,407
Office Expenses-$26,253-$26,253
Fees for Services Legal$19,244--$19,244
Payroll Taxes-$19,181-$19,181
Other Expenses$30,118$11,545-$11,545
Interest$8,625--$8,625
Insurance-$6,341-$6,341
Travel$242$2,174-$2,416
All Other Expenses$-61,632--$-61,632
Total Functional Expenses$38,649$226,531$0$265,180

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$265,180
Total Expenses per Audited Statements$265,180
Total Expenses per Form 990$265,180
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 11B

“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.”

Form 990, Part VII, Section A

“Officer's salary will be disclosed upon request to the Organization.”

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
2019-05-24
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
5
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.”

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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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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95720
IRS990ScheduleA/PublicSupportPY509Pct00.96650
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt095649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0143820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0164185
IRS990ScheduleA/Total509Grp/TotalAmt0790175
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0272029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0145369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt098111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0144304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0165725
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0825538
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0265180
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0249457
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment Property - Real Estate
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0285007
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0249457
IRS990ScheduleD/TotalExpensesPerForm990Amt0265180
IRS990ScheduleD/TotalRevenuePerForm990Amt0285007
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0285007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0265180
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/ExplanationTxt2Officer's salary will be disclosed upon request to the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3There has been no change in the oversight or selection process.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII, Section A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0102820
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0183431
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02744696
IRS990/TotalAssetsEOYAmt03124195
IRS990/TotalAssetsGrp/BOYAmt02744696
IRS990/TotalAssetsGrp/EOYAmt03124195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt084321
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0226531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038649
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265180
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0337934
IRS990/TotalLiabilitiesEOYAmt0697606
IRS990/TotalLiabilitiesGrp/BOYAmt0337934
IRS990/TotalLiabilitiesGrp/EOYAmt0697606
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02406762
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02426589
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt038649
IRS990/TotalProgramServiceRevenueAmt0170875
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200653
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285007
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03124195
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/ProgramServicesAmt0242
IRS990/TravelGrp/TotalAmt02416
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01240016
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01069357
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ray Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02052518139
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-24
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/FilingSecurityInformation/AtSubmissionCreationDeviceId08ABFE07265733443A9C92DFE0FFE4C06C9C70314
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07A76D4FD7F02BF53398B1E3788AA7C27F613AF52
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.227.109.2
ReturnHeader/FilingSecurityInformation/IPDt02019-05-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:30:29
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

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,124,195
Liabilities
$697,606
Net assets
$2,426,589
Revenue
$285,007
Expenses
$265,180
Net income
$19,827
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
2018Detailed filing. Detailed filing data is available for this year.$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