Civic Intelligence

Digital Nest Inc.

990 • Fiscal year 2016 • EIN 46-5757256

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 09, 2017

17 Aspen WayWatsonville, CA 95076

(831) 331-7419

Siviq Scores

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

Liabilities / Assets

64th percentile

0.12x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

56th percentile

0.06x

Higher debt load relative to revenue than 56% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$91,411

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

95th percentile

123%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

78%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$307,011

Up $169,037 (+123%) from 2015

Net Assets

Up

$268,816

Up $132,653 (+97%) from 2015

Liabilities

Up

$38,195

Up $36,384 (+2009%) from 2015

Revenue

Up

$684,439

Up $300,345 (+78%) from 2015

Expenses

Up

$551,786

Up $303,509 (+122%) from 2015

Net Income

Down

$132,653

Down $3,164 (-2.3%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2015: $137,974Liabilities 2015: $1,811Net Assets 2015: $136,1632015Assets 2016: $307,011Liabilities 2016: $38,195Net Assets 2016: $268,8162016Assets 2017: $968,019Liabilities 2017: $72,812Net Assets 2017: $895,2072017Assets 2018: $1,318,495Liabilities 2018: $110,916Net Assets 2018: $1,207,5792018Assets 2019: $1,779,924Liabilities 2019: $147,569Net Assets 2019: $1,632,3552019Assets 2020: $2,063,909Liabilities 2020: $534,047Net Assets 2020: $1,529,8622020Assets 2021: $5,650,405Liabilities 2021: $301,026Net Assets 2021: $5,349,3792021Assets 2022: $4,056,459Liabilities 2022: $595,513Net Assets 2022: $3,460,9462022Assets 2023: $9,331,459Liabilities 2023: $1,270,251Net Assets 2023: $8,061,2082023Assets 2024: $12,820,227Liabilities 2024: $1,666,222Net Assets 2024: $11,154,0052024

Highlighted filing

2016

Assets$307,011
Liabilities$38,195
Net Assets$268,816

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $384,094Expenses 2015: $248,277Net Income 2015: $135,8172015Revenue 2016: $684,439Expenses 2016: $551,786Net Income 2016: $132,6532016Revenue 2017: $1,658,781Expenses 2017: $1,032,390Net Income 2017: $626,3912017Revenue 2018: $1,414,985Expenses 2018: $1,531,740Net Income 2018: -$116,7552018Revenue 2019: $2,353,681Expenses 2019: $1,928,905Net Income 2019: $424,7762019Revenue 2020: $2,126,167Expenses 2020: $2,424,649Net Income 2020: -$298,4822020Revenue 2021: $7,323,846Expenses 2021: $3,432,211Net Income 2021: $3,891,6352021Revenue 2022: $2,501,736Expenses 2022: $4,342,479Net Income 2022: -$1,840,7432022Revenue 2023: $8,905,777Expenses 2023: $4,338,703Net Income 2023: $4,567,0742023Revenue 2024: $8,652,216Expenses 2024: $5,491,526Net Income 2024: $3,160,6902024

Highlighted filing

2016

Revenue$684,439
Expenses$551,786
Net Income$132,653
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$684,439
Mission and Program Overview

Mission

Digital nest (nurturing entrepreneurial skills with technology) is dedicated toproviding equal access to technology and resources to young people in underserved communities. Digital nest seeks to stimulate economic development by providing youth with the training, workforce skills, and inspiration to reach their full potential in school, in careers, and in life.

Digital Nest (Nurturing Entrepreneurial Skills with Technology) is dedicated to providing equal access to technology to young people in poor and underserved communities. Digital Nest seeks to stimulate economic development in poor communities by providing youth with the training, workforce skills, and inspiration to reach their full potential in school, in careers, and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$46,445$178,055▲ $131,610
Savings and Temporary Cash Investments$37,987$73,483▲ $35,496
Cash and Non-Interest-Bearing Accounts$39,596$41,472▲ $1,876
Accounts Receivable$2,970$11,450▲ $8,480
Receivables From Officers Etc$2,935$0▼ $2,935
Prepaid Expenses and Deferred Charges$2,719$1,301▼ $1,418
Pledges and Grants Receivable$3,522$1,250▼ $2,272
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$137,974$307,011▲ $169,037
Other Assets Total$1,800$0▼ $1,800
Liabilities
Accounts Payable and Accrued Expenses$1,811$38,195▲ $36,384
Total Liabilities$1,811$38,195▲ $36,384
Net Assets / Fund Balance
Unrestricted Net Assets$136,163$196,242▲ $60,079
Temporarily Rstr Net Assets-$72,574-
Total Net Assets Fund Balance$136,163$268,816▲ $132,653
Total Liabilities and Net Assets / Fund Balance$137,974$307,011▲ $169,037

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$119,038$23,003$142,041
Equipment$32,596$19,745$52,341
Other Land Buildings$26,421$5,283$31,704
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jacob X MartinezExecutive DirectorFT$91,411$91,411

Board Members and Trustees

NameTitle
Michelle BassiPresident
Val ColeVice President
Antonia FrancoSecretary
Rose FilicettiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$665,961
Program Service Revenue
$17,467
Investment Income
$291
Other Revenue
$720
All Other Contributions
$665,961
Change in Net Assets
$132,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$339,063
Other Expenses$212,723
Total Fundraising Expense$67,661
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$162,521$17,711$28,128$208,360
Current Officers, Directors, Trustees, and Key Employees$47,534$21,939$21,938$91,411
All Other Expenses$15,962$17,237$10,155$43,354
Depreciation Depletion$39,871--$39,871
Occupancy$16,300$14,455-$30,755
Payroll Taxes$17,492$3,249$4,248$24,989
Other Employee Benefits$7,581$6,722-$14,303
Information Technology$5,478$4,857-$10,335
Other Expenses$8,746--$8,746
Office Expenses$3,318$2,942-$6,260
Insurance$1,789$1,586-$3,375
Advertising--$3,192$3,192
Travel$1,449$1,285-$2,734
Fees for Services Accounting-$2,192-$2,192
Total Functional Expenses$389,950$94,175$67,661$551,786
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$2,935$0▼ $2,935
Receivables from Disqualified Persons-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Organization has Board members.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Board members govern actions of the Organization. They meet monthly to discuss any Board actions or implement any direction to the Executive Director.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

Approval by Board Members.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any conflict of interest must be presented to Board members. To date, Board members have not had any situations where money has been paid to any members for services.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Reviewed and approved by Executive Committee of the Board members.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Executive Committee reviews Executive Directors compensation. They take into consideration Industry comparability data, performance, work hours, etc.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

AVAILABLE UPON REQUEST.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Digital Nest Inc
EIN
46-5757256
Phone
8313317419
Address
17 ASPEN WAY, WATSONVILLE, CA 95076

Signing Officer

Name
Michelle Bassi
Title
President
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Bassi
Formed
2013
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
12

Preparer

Firm
Hutchinson and Bloodgood LLP
Address
579 Auto Center Drive, Watsonville, CA 95076
Preparer
Willis L Hanna CPA
Phone
8317242441
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IRS990/ProgramServiceRevenueGrp/Desc0TECH TRAINING & EDUCATION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt017467
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt017467
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0381128
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0122212
IRS990/PYProgramServiceRevenueAmt02955
IRS990/PYRevenuesLessExpensesAmt0135817
IRS990/PYSalariesCompEmpBnftPaidAmt0126065
IRS990/PYTotalExpensesAmt0248277
IRS990/PYTotalRevenueAmt0384094
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt02935
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0132653
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017467
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037987
IRS990/SavingsAndTempCashInvstGrp/EOYAmt073483
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0665962
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0381128
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01047090
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0291
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0302
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017467
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02955
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt020422
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0720
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0720
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0291
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0302
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01068232
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0684149
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0384083
IRS990ScheduleA/Total509Grp/TotalAmt01068232
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0684440
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0384094
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01068534
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt032596
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019745
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052341
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0119038
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023003
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0142041
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026421
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05283
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031704
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178055
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members govern actions of the Organization. They meet monthly to discuss any Board actions or implement any direction to the Executive Director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Approval by Board Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Any conflict of interest must be presented to Board members. To date, Board members have not had any situations where money has been paid to any members for services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Reviewed and approved by Executive Committee of the Board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Executive Committee reviews Executive Directors compensation. They take into consideration Industry comparability data, performance, work hours, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt072574
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0137974
IRS990/TotalAssetsEOYAmt0307011
IRS990/TotalAssetsGrp/BOYAmt0137974
IRS990/TotalAssetsGrp/EOYAmt0307011
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0665961
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt067661
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt094175
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0389950
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551786
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01811
IRS990/TotalLiabilitiesEOYAmt038195
IRS990/TotalLiabilitiesGrp/BOYAmt01811
IRS990/TotalLiabilitiesGrp/EOYAmt038195
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0136163
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0268816
IRS990/TotalProgramServiceExpensesAmt0389950
IRS990/TotalProgramServiceRevenueAmt017467
IRS990/TotalReportableCompFromOrgAmt091411
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt018478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0684439
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0137974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0307011
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01285
IRS990/TravelGrp/ProgramServicesAmt01449
IRS990/TravelGrp/TotalAmt02734
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0136163
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0196242
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0133 CUTTER DRIVE
IRS990/USAddress/CityNm0WATSONVILLE
IRS990/USAddress/StateAbbreviationCd0CA

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