Civic Intelligence

Sabre Finance

990 • Fiscal year 2020 • EIN 46-5457673

Oct 01, 2019 to Sep 30, 2020 • Filed on Apr 22, 2021

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

79th percentile

0.55x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

4.41x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

44th percentile

2.3%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

89th percentile

54%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets79th percentile

Assets

Flat

$5,158,850

Flat from 2020

Net Assets

Flat

$2,297,495

Flat from 2020

Liabilities

Flat

$2,861,355

Flat from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin44th percentile

Revenue

Flat

$649,102

Flat from 2020

Expenses

Flat

$634,376

Flat from 2020

Net Income

Flat

$14,726

Flat from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th 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 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

2020

Assets$5,158,850
Liabilities$2,861,355
Net Assets$2,297,495
Open 2020 Filing

Operations Trend

Revenue Growth74th 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 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

2020

Revenue$649,102
Expenses$634,376
Net Income$14,726
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Apr 22, 2021
Return Version
2019v5.2
Gross Receipts
$649,102
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,233,935$2,709,812▲ $475,877
Cash and Non-Interest-Bearing Accounts$711,512$2,042,401▲ $1,330,889
Total Assets$3,344,324$5,158,850▲ $1,814,526
Other Assets Total$398,877$406,637▲ $7,760
Liabilities
Mortgage Notes Payable Secured by Investment Property$993,427$2,731,407▲ $1,737,980
Accounts Payable and Accrued Expenses$68,089$129,948▲ $61,859
Total Liabilities$1,061,516$2,861,355▲ $1,799,839
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,443,754$1,550,238▲ $106,484
Net Assets Without Donor Restrictions$839,054$747,257▼ $91,797
Total Net Assets Fund Balance$2,282,808$2,297,495▲ $14,687
Total Liabilities and Net Assets / Fund Balance$3,344,324$5,158,850▲ $1,814,526

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$406,637--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Jim ByramPresident
Akhlaque Haque PhDVice President
T Ray MauldinVice President
Ray Morris PhDCEO
Brian O'DellCFO
Kimberly ReynoldsMember
Mike CraneMember
Charles BallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$307,116
Program Service Revenue
$243,229
Investment Income
$0
Other Revenue
$98,757
All Other Contributions
$184,000
Change in Net Assets
$14,726

Audited Revenue Reconciliation

Revenue per Audited Statements
$649,102
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$649,102
Total Revenue per Form 990
$649,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$333,381
Salaries, Compensation, and Employee Benefits$300,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$164,486$70,494-$234,980
Other Employee Benefits-$46,707-$46,707
Interest$27,292--$27,292
All Other Expenses$9,210$17,522-$26,732
Occupancy$24,403--$24,403
Payroll Taxes$13,516$5,792-$19,308
Office Expenses-$12,217-$12,217
Other Expenses$5,863$2,513-$8,376
Fees for Services Accounting-$6,668-$6,668
Travel$3,566$2,378-$5,944
Fees for Services Legal$5,197--$5,197
Insurance-$3,107-$3,107
Advertising$2,907--$2,907
Fees for Services Other$1,525--$1,525
Total Functional Expenses$355,690$278,686$0$634,376

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$634,376
Total Expenses per Audited Statements$634,376
Total Expenses per Form 990$634,376
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 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
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.”

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
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ray Morris
Formed
2014
Legal Domicile
Al
Voting Board Members
6
Independent Board Members
6
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/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0243229
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0205616
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0170875
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0106325
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt095649
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0821694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt098757
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021158
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016833
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02462
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0153254
IRS990ScheduleA/InvestmentIncomeCYPct00.08920
IRS990ScheduleA/InvestmentIncomePYPct00.04530
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.91080
IRS990ScheduleA/PublicSupportPY509Pct00.95470
IRS990ScheduleA/PublicSupportTotal509Amt01564861
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0550345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0532346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0255196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0131325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt095649
IRS990ScheduleA/Total509Grp/TotalAmt01564861
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0649102
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0553504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0272029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0145369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt098111
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01718115
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/ExpensesSubtotalAmt0634376
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0406637
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment Property - Real Estate
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0649102
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0406637
IRS990ScheduleD/TotalExpensesPerForm990Amt0634376
IRS990ScheduleD/TotalRevenuePerForm990Amt0649102
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0649102
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0634376
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 11b
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03344324
IRS990/TotalAssetsEOYAmt05158850
IRS990/TotalAssetsGrp/BOYAmt03344324
IRS990/TotalAssetsGrp/EOYAmt05158850
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0307116
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0278686
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0355690
IRS990/TotalFunctionalExpensesGrp/TotalAmt0634376
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01061516
IRS990/TotalLiabilitiesEOYAmt02861355
IRS990/TotalLiabilitiesGrp/BOYAmt01061516
IRS990/TotalLiabilitiesGrp/EOYAmt02861355
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02282808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02297495
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0355690
IRS990/TotalProgramServiceRevenueAmt0243229
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0341986
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0649102
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03344324
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05158850
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02378
IRS990/TravelGrp/ProgramServicesAmt03566
IRS990/TravelGrp/TotalAmt05944
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02 20th Street N
IRS990/USAddress/CityNm0Birmingham
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035203
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.venturesouth.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Ray Morris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,158,850
Liabilities
$2,861,355
Net assets
$2,297,495
Revenue
$649,102
Expenses
$634,376
Net income
$14,726
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
2020Detailed filing. Detailed filing data is available for this year.$5.16$2.86$2.30$0.65$0.63$0.01
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