Civic Intelligence

Sabre Finance

990 • Fiscal year 2019 • EIN 46-5457673

Oct 01, 2018 to Sep 30, 2019 • Filed on Mar 10, 2020

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

73rd percentile

0.32x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

1.92x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

7.0%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

94%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$3,344,324

Up $220,129 (+7.0%) from 2018

Net Assets

Down

$2,282,808

Down $143,781 (-5.9%) from 2018

Liabilities

Up

$1,061,516

Up $363,910 (+52%) from 2018

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin11th percentile

Revenue

Up

$553,504

Up $268,497 (+94%) from 2018

Expenses

Up

$697,285

Up $432,105 (+163%) from 2018

Net Income

Down

-$143,781

Down $163,608 (-825%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2019

Assets$3,344,324
Liabilities$1,061,516
Net Assets$2,282,808
Open 2019 Filing

Operations Trend

Revenue Growth93rd 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

2019

Revenue$553,504
Expenses$697,285
Net Income-$143,781
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Mar 10, 2020
Return Version
2018v3.1
Gross Receipts
$553,504
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$2,015,391$2,233,935▲ $218,544
Cash and Non-Interest-Bearing Accounts$859,347$711,512▼ $147,835
Total Assets$3,124,195$3,344,324▲ $220,129
Other Assets Total$249,457$398,877▲ $149,420
Liabilities
Mortgage Notes Payable Secured by Investment Property$639,342$993,427▲ $354,085
Accounts Payable and Accrued Expenses$58,264$68,089▲ $9,825
Total Liabilities$697,606$1,061,516▲ $363,910
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,173,801$1,417,216▲ $243,415
Unrestricted Net Assets$1,069,357$839,054▼ $230,303
Temporarily Rstr Net Assets$183,431$26,538▼ $156,893
Total Net Assets Fund Balance$2,426,589$2,282,808▼ $143,781
Total Liabilities and Net Assets / Fund Balance$3,124,195$3,344,324▲ $220,129

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$398,877--
Compensation and Service Providers
Top Officer Pay36th 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
$326,730
Program Service Revenue
$205,616
Investment Income
$0
Other Revenue
$21,158
All Other Contributions
$40,000
Change in Net Assets
$-143,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$553,504
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$553,504
Total Revenue per Form 990
$553,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$483,694
Salaries, Compensation, and Employee Benefits$213,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,316$54,992-$183,308
Fees for Services Other$42,595--$42,595
Occupancy$18,873--$18,873
All Other Expenses$10,707$6,010-$16,717
Office Expenses-$15,605-$15,605
Payroll Taxes$10,600$4,543-$15,143
Other Employee Benefits-$15,140-$15,140
Interest$9,407--$9,407
Other Expenses$8,845$55,590-$8,845
Insurance-$6,492-$6,492
Fees for Services Accounting-$6,044-$6,044
Fees for Services Legal$2,501--$2,501
Travel$1,111$740-$1,851
Advertising$712--$712
Total Functional Expenses$532,129$165,156$0$697,285

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$697,285
Total Expenses per Audited Statements$697,285
Total Expenses per Form 990$697,285
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
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
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

Signing Officer

Name
Ray Morris
Title
CEO
Phone
2052518139
Signed
2020-03-10
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.”

Raw XML AppendixShowing 400 of 428 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/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0101992
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0680457
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt016833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02462
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt054981
IRS990ScheduleA/InvestmentIncomeCYPct00.04530
IRS990ScheduleA/InvestmentIncomePYPct00.04280
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95470
IRS990ScheduleA/PublicSupportPY509Pct00.95720
IRS990ScheduleA/PublicSupportTotal509Amt01158336
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0532346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0255196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0131325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt095649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0143820
IRS990ScheduleA/Total509Grp/TotalAmt01158336
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0553504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0272029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0145369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt098111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0144304
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01213317
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0697285
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0398877
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment Property - Real Estate
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0553504
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0398877
IRS990ScheduleD/TotalExpensesPerForm990Amt0697285
IRS990ScheduleD/TotalRevenuePerForm990Amt0553504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0553504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0697285
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0183431
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt026538
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03124195
IRS990/TotalAssetsEOYAmt03344324
IRS990/TotalAssetsGrp/BOYAmt03124195
IRS990/TotalAssetsGrp/EOYAmt03344324
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0326730
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0165156
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0697285
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0697606
IRS990/TotalLiabilitiesEOYAmt01061516
IRS990/TotalLiabilitiesGrp/BOYAmt0697606
IRS990/TotalLiabilitiesGrp/EOYAmt01061516
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02426589
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02282808
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0532129
IRS990/TotalProgramServiceRevenueAmt0205616
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0226774
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0553504
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03124195
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03344324
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0740
IRS990/TravelGrp/ProgramServicesAmt01111
IRS990/TravelGrp/TotalAmt01851
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01069357
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0839054
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ray Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02052518139
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-10

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,344,324
Liabilities
$1,061,516
Net assets
$2,282,808
Revenue
$553,504
Expenses
$697,285
Net income
-$143,781
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
2019Detailed filing. Detailed filing data is available for this year.$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