Civic Intelligence

Goleta Entrepreneurial Magnet a Ca Non-Profit Public Benefitcorp

990 • Fiscal year 2015 • EIN 47-1008477

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

Organization ProfileGOLETAENTREPRENEURS.COM
600 Pine AveGoleta, CA 93117

(805) 456-4255

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

28th percentile

-5.9%

Higher net margin than 28% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

90th percentile

$42,669

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-31%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$92,301

Down $13,424 (-13%) from 2014

Net Assets

Down

$92,301

Down $13,424 (-13%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin28th percentile

Revenue

Down

$228,917

Down $100,612 (-31%) from 2014

Expenses

Up

$242,341

Up $18,537 (+8.3%) from 2014

Net Income

Down

-$13,424

Down $119,149 (-113%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$300K$200K$100K$0Assets 2014: $105,725Liabilities 2014: $0Net Assets 2014: $105,7252014Assets 2015: $92,301Liabilities 2015: $0Net Assets 2015: $92,3012015Assets 2016: $62,611Net Assets 2016: $62,6112016Assets 2017: $39,777Net Assets 2017: $39,7772017Assets 2018: $174,098Net Assets 2018: $174,0982018Assets 2019: $249,477Net Assets 2019: $249,4772019Assets 2020: $252,641Net Assets 2020: $252,6412020Assets 2021: $220,029Net Assets 2021: $220,0292021Assets 2022: $181,469Liabilities 2022: $02022Assets 2023: $171,442Net Assets 2023: $171,4422023Assets 2024: $159,027Net Assets 2024: $159,0272024

Highlighted filing

2015

Assets$92,301
Liabilities$0
Net Assets$92,301
Open 2015 Filing

Operations Trend

Revenue Growth17th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $329,529Expenses 2014: $223,804Net Income 2014: $105,7252014Revenue 2015: $228,917Expenses 2015: $242,341Net Income 2015: -$13,4242015Revenue 2016: $197,701Expenses 2016: $227,391Net Income 2016: -$29,6902016Revenue 2017: $6,600Expenses 2017: $29,434Net Income 2017: -$22,8342017Revenue 2018: $175,000Expenses 2018: $40,679Net Income 2018: $134,3212018Revenue 2019: $130,000Expenses 2019: $54,621Net Income 2019: $75,3792019Revenue 2020: $50,000Expenses 2020: $46,836Net Income 2020: $3,1642020Revenue 2021: $0Expenses 2021: $32,612Net Income 2021: -$32,6122021Revenue 2022: $0Expenses 2022: $38,560Net Income 2022: -$38,5602022Revenue 2023: $55,000Expenses 2023: $65,027Net Income 2023: -$10,0272023Revenue 2024: $0Expenses 2024: $12,415Net Income 2024: -$12,4152024

Highlighted filing

2015

Revenue$228,917
Expenses$242,341
Net Income-$13,424
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$228,917
Mission and Program Overview

Mission

To grow the local economy by supporting new and emerging science and technology entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$82,856$70,848▼ $12,008
Land, Buildings, and Equipment, Net$22,869$21,453▼ $1,416
Total Assets$105,725$92,301▼ $13,424
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$105,725$92,301▼ $13,424
Total Net Assets Fund Balance$105,725$92,301▼ $13,424
Total Liabilities and Net Assets / Fund Balance$105,725$92,301▼ $13,424

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$19,523$714$20,237
Other Land Buildings$1,466$929$2,395
Equipment$464$504$968
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleBaseTotal
Doug LynchEx-executive Director$42,669$42,669
Dave AdornettoExecutive Director$15,000$15,000

Board Members and Trustees

NameTitle
Vyto AdomitaisChairman
Bob YorkDirector
Dave ClarkDirector
Jamie ValdezDirector
Jim KnightDirector
Marc FisherDirector
Michelle GreeneDirector
Kirsten DeschlerSecretary
Kristen MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$200,492
Program Service Revenue
$28,425
Investment Income
$0
Other Revenue
$0
All Other Contributions
$200,492
Change in Net Assets
$-13,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,937
Salaries, Compensation, and Employee Benefits$72,404
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$90,000--$90,000
Current Officers, Directors, Trustees, and Key Employees$57,369--$57,369
Fees for Services Other$46,992--$46,992
All Other Expenses$9,855--$9,855
Payroll Taxes$8,880--$8,880
Other Expenses$8,333--$8,333
Office Expenses$5,014--$5,014
Insurance$4,210--$4,210
Other Employee Benefits$3,870--$3,870
Advertising$3,075--$3,075
Other Salaries and Wages$2,285--$2,285
Depreciation Depletion$1,204$212-$1,416
Fees for Services Accounting$952--$952
Fees for Services Legal$90--$90
Total Functional Expenses$242,129$212$0$242,341
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Tax return is presented to the board for review and approval before filing.”

CEO executive director top management comp Part VI line 15A

“The board reviews employee pay annually.”

Other officer or key employee compensation Part VI line 15B

“The board reviews employee pay annually.”

Governing documents etc available to public Part VI line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Goleta Entrepreneurial Magnet
EIN
47-1008477
Address
600 PINE AVE, GOLETA, CA 93117

Signing Officer

Name
Kristen Miller
Title
Treasurer
Phone
8054564255
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
20

Preparer

Firm
C Jeff Restivo CPA
Address
420 East Carrillo Street, Santa Barbara, CA 93101
Preparer
C Jeff Restivo
Phone
8052841905
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Allocation of services provided from the goleta valley chamber of commerce = $46,992 in 2015.”

Raw XML Appendix383 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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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0464
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0504
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0968
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019523
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0714
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020237
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01466
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0929
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02395
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021453
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS EMPLOYEE PAY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS EMPLOYEE PAY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALLOCATION OF SERVICES PROVIDED FROM THE GOLETA VALLEY CHAMBER OF COMMERCE = $46,992 IN 2015.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0105725
IRS990/TotalAssetsEOYAmt092301
IRS990/TotalAssetsGrp/BOYAmt0105725
IRS990/TotalAssetsGrp/EOYAmt092301
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0200492
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0212
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0242129
IRS990/TotalFunctionalExpensesGrp/TotalAmt0242341
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0105725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt092301
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0242129
IRS990/TotalProgramServiceRevenueAmt028425
IRS990/TotalReportableCompFromOrgAmt057669
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028425
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0228917
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105725
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt092301
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0105725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt092301
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0GOLETAENTREPRENEURS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08054564255
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOLETA ENTREPRENEURIAL MAGNET
ReturnHeader/Filer/BusinessNameControlTxt0GOLE
ReturnHeader/Filer/EIN0471008477
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 PINE AVE
ReturnHeader/Filer/USAddress/CityNm0GOLETA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C Jeff Restivo CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0420 East Carrillo Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Santa Barbara
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093101
ReturnHeader/PreparerPersonGrp/PhoneNum08052841905
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C Jeff Restivo
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-11-15T17:34:40-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$92,301
Liabilities
$0
Net assets
$92,301
Revenue
$228,917
Expenses
$242,341
Net income
-$13,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$1.59$0.00$0.12$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.71$1.71$0.55$0.65$0.10
2022Summary only. Only limited summary data is available for this year.$1.81$0.00$0.00$0.39$0.39
2021Detailed filing. Detailed filing data is available for this year.$2.20$2.20$0.00$0.33$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.53$2.53$0.50$0.47$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.49$2.49$1.30$0.55$0.75
2018Detailed filing. Detailed filing data is available for this year.$1.74$1.74$1.75$0.41$1.34
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.40$0.07$0.29$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.63$1.98$2.27$0.30
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$2.29$2.42$0.13
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$3.30$2.24$1.06