Civic Intelligence

Goleta Entrepreneurial Magnet a Ca Non-Profit Public Benefitcorp

990EZ • Fiscal year 2016 • EIN 47-1008477

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 11, 2017

130 Cremona DrGoleta, CA 93117

(805) 456-4255

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

88th percentile

$36,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

14th percentile

-32%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

30th percentile

-14%

Faster revenue growth than 30% of similar nonprofits.

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

Assets

Down

$62,611

Down $29,690 (-32%) from 2015

Net Assets

Down

$62,611

Down $29,690 (-32%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$197,701

Down $31,216 (-14%) from 2015

Expenses

Down

$227,391

Down $14,950 (-6.2%) from 2015

Net Income

Down

-$29,690

Down $16,266 (-121%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$62,611
Liabilities-
Net Assets$62,611

Operations Trend

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

2016

Revenue$197,701
Expenses$227,391
Net Income-$29,690
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 11, 2017
Return Version
2016v3.0
Gross Receipts
$197,701
Mission and Program Overview

Mission

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

Program Services

DescriptionGrantsExpenses
Monthly workshops aimed towards Startups; Summer Accelerator program that provides funding and mentorship for UCSB startups; and Incubator program to support local entrepreneurs$200,516-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVE ADORNETTOExecutive DirectorFT$36,000-$36,000
VYTO ADOMAITISChairman-$0--
JAIME VALDEZDirector-$0--
MICHELLE GREENEDirector-$0--
BOB YORKDirector-$0--
KIRSTEN DESCHLERSecretary-$0--
KRISTEN MILLERTreasurer-$0--
JIM KNIGHTDirector-$0--
DAVE CLARKDirector-$0--
MARC FISHERDirector-$0--
Filing and Contact Details

Filer

Filer Name
Goleta Entrepreneurial Magnet
EIN
47-1008477
Phone
8054564255
Address
130 CREMONA DR, GOLETA, CA 93117

Signing Officer

Name
kristen miller
Title
Treasurer
Signed
2017-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Walpole & Co LLP
Address
70 Santa Felicia Drive, Goleta, CA 93117
Preparer
Yusuf a Balogun CPA
Phone
8055699864
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $800

Other Expenses.1002

Office Expenses $1523

Other Expenses.1003

Information Technology $375

Other Expenses.1005

Travel $93

Other Expenses.1009

Depreciation $1124

Other Expenses.1012

Insurance $6267

Other Expenses.1

Summer accelerator $37870

Other Expenses.2

DEMO DAY $10357

Other Expenses.3

TELEPHONE $2298

Other Expenses.4

PAYROLL PROCESSING $2254

Other Expenses.5

JANITORIAL $1605

Other Expenses.7

BANK CHARGES $528

Other Assets.1

ACCOUNTS RECEIVABLE OTHER - Beginning $-1 ACCOUNTS RECEIVABLE OTHER - Ending $4300

Raw XML Appendix202 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt936000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JAIME VALDEZ
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BOB YORK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8MARC FISHER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Executive Dir.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04300
IRS990EZ/OtherExpensesTotalAmt065094
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IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalProgramServiceExpensesAmt0200516
IRS990EZ/TotalRevenueAmt0197701
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt039495
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt028425
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt08418
IRS990ScheduleA/OtherIncome509Grp/TotalAmt076338
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0679809
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0158206
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0228917
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0329529
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0756147
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $1523
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $93
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation $1124
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Insurance $6267
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUMMER ACCELERATOR $37870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEMO DAY $10357
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TELEPHONE $2298
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PAYROLL PROCESSING $2254
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10JANITORIAL $1605
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK CHARGES $528
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ACCOUNTS RECEIVABLE OTHER - Beginning $-1 ACCOUNTS RECEIVABLE OTHER - Ending $4300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Assets.1
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0kristen miller
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GOLETA ENTREPRENEURIAL MAGNET
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0A CA NON-PROFIT PUBLIC BENEFITCORP
ReturnHeader/Filer/BusinessNameControlTxt0GOLE
ReturnHeader/Filer/EIN0471008477
ReturnHeader/Filer/PhoneNum08054564255
ReturnHeader/Filer/USAddress/AddressLine1Txt0130 CREMONA DR
ReturnHeader/Filer/USAddress/CityNm0GOLETA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093117
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walpole & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 Santa Felicia Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Goleta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093117
ReturnHeader/PreparerPersonGrp/PhoneNum08055699864
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YUSUF A BALOGUN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-10-11T08:49:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings