Civic Intelligence

Foundry Community Foundation

990 • Fiscal year 2023 • EIN 47-1812040

Jan 01, 2023 to Dec 31, 2023 • Filed on May 24, 2024

Organization Profilethefoundry.co
211 N 14th StreetLincoln, NE 68508

(402) 434-8540

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.55x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.3%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

74th percentile

$116,593

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

32nd percentile

-1.2%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-48%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$1,252,600

Down $15,845 (-1.2%) from 2022

Net Assets

Down

$915,760

Down $1,523 (-0.2%) from 2022

Liabilities

Down

$336,840

Down $14,322 (-4.1%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin39th percentile

Revenue

Down

$607,956

Down $550,178 (-48%) from 2022

Expenses

Up

$609,505

Up $199,663 (+49%) from 2022

Net Income

Down

-$1,549

Down $749,841 (-100%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$2.0M$1.0M$0-$1.0MAssets 2014: $23,208Liabilities 2014: $809Net Assets 2014: $22,3992014Assets 2015: $281,132Liabilities 2015: $300,209Net Assets 2015: -$19,0772015Assets 2016: $260,681Liabilities 2016: $382,083Net Assets 2016: -$121,4022016Assets 2017: $441,489Liabilities 2017: $583,171Net Assets 2017: -$141,6822017Assets 2018: $490,333Liabilities 2018: $825,643Net Assets 2018: -$335,3102018Assets 2019: $440,269Liabilities 2019: $1,123,502Net Assets 2019: -$683,2332019Assets 2020: $401,070Liabilities 2020: $1,231,324Net Assets 2020: -$830,2542020Assets 2021: $1,331,953Liabilities 2021: $1,165,415Net Assets 2021: $166,5382021Assets 2022: $1,268,445Liabilities 2022: $351,162Net Assets 2022: $917,2832022Assets 2023: $1,252,600Liabilities 2023: $336,840Net Assets 2023: $915,7602023Assets 2024: $1,154,769Liabilities 2024: $290,473Net Assets 2024: $864,2962024

Highlighted filing

2023

Assets$1,252,600
Liabilities$336,840
Net Assets$915,760
Open 2023 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $35,000Expenses 2014: $12,601Net Income 2014: $22,3992014Revenue 2015: $504,773Expenses 2015: $546,248Net Income 2015: -$41,4752015Revenue 2016: $522,249Expenses 2016: $623,005Net Income 2016: -$100,7562016Revenue 2017: $642,045Expenses 2017: $665,049Net Income 2017: -$23,0042017Revenue 2018: $711,731Expenses 2018: $904,199Net Income 2018: -$192,4682018Revenue 2019: $861,604Expenses 2019: $1,209,749Net Income 2019: -$348,1452019Revenue 2020: $473,449Expenses 2020: $619,393Net Income 2020: -$145,9442020Revenue 2021: $1,232,288Expenses 2021: $236,858Net Income 2021: $995,4302021Revenue 2022: $1,158,134Expenses 2022: $409,842Net Income 2022: $748,2922022Revenue 2023: $607,956Expenses 2023: $609,505Net Income 2023: -$1,5492023Revenue 2024: $955,906Expenses 2024: $1,007,370Net Income 2024: -$51,4642024

Highlighted filing

2023

Revenue$607,956
Expenses$609,505
Net Income-$1,549
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 24, 2024
Return Version
2023v5.1
Gross Receipts
$646,126
Mission and Program Overview

Mission

Nonprofit Hub is a collaborative workspace in downtown Lincoln. The facility offers a ready-to-work environment that addresses varying productivity needs of our nonprofit community and those socially minded businesses. Provides networking, magazine, blog, webinar, classes

The foundry is a collaborative resource in downtown lincoln to support, educate, and develop the nebraska purpose driven community

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$917,283$915,760▼ $1,523
Other Notes and Loans Receivable, Net$818,605$721,330▼ $97,275
Cash and Non-Interest-Bearing Accounts$236,443$325,130▲ $88,687
Land, Buildings, and Equipment, Net$212,897$197,089▼ $15,808
Loans From Officers Directors$193,638$131,807▼ $61,831
Prepaid Expenses and Deferred Charges$500$9,051▲ $8,551
Total Assets$1,268,445$1,252,600▼ $15,845
Liabilities
Unsecured Notes Loans Payable$149,900$149,900→ $0
Deferred Revenue-$46,597-
Accounts Payable and Accrued Expenses$7,624$8,536▲ $912
Total Liabilities$351,162$336,840▼ $14,322
Net Assets / Fund Balance
Total Net Assets Fund Balance$917,283$915,760▼ $1,523
Total Liabilities and Net Assets / Fund Balance$1,268,445$1,252,600▼ $15,845

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$35,490$179,667-
Leasehold Improvements$161,599$101,763-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Julie Murray-JensenExec DirectorFT$116,593$116,593

Board Members and Trustees

NameTitle
Jay WilkinsonBoard Chair
Kelly MedwickDirector
Randy HawthorneDirector
Tawnya StarrDirector
Dustin BehrensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$68,802
Program Service Revenue
$499,786
Investment Income
$0
Other Revenue
$39,368
All Other Contributions
$68,802
Change in Net Assets
$-1,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$356,336
Salaries, Compensation, and Employee Benefits$253,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,390$191,779-$253,169
All Other Expenses$102,991$3,026-$106,017
Occupancy$86,940$5,769-$92,709
Fees for Services Other$50,480$2,850-$53,330
Advertising$33,292--$33,292
Travel$21,668$150-$21,818
Depreciation Depletion$11,991$3,843-$15,834
Fees for Services Accounting$4,068$6,852-$10,920
Information Technology$8,802--$8,802
Fees for Services Legal$5,929$680-$6,609
Other Expenses$1,535$841-$2,376
Total Functional Expenses$393,689$215,816$0$609,505
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
FirespringBoard Chair Owns 50 of SharesPurchase ContentNo-
Wilkinson Building LLCJay Wilkinson and Family Are OwnersCam Charges for Use of Donated BldgNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$193,638$131,807▼ $61,831
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cap 1-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
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 governing body review Part VI line 11

“The governing body has reviewed the form 990 before submission.”

Conflict of interest policy compliance Part VI line 12C

“The governing body reviewed all activity and requires each member to submit a Conflict of Interest Statement.”

CEO executive director top management comp Part VI line 15A

“The top management officials are not employees of the Foundation and do not receive a salary or any compensation, with the exception of the Executive Director”

Other officer or key employee compensation Part VI line 15B

“No compensation is paid to any of the board of directors, and officers of the foundation with the exception of the executive director role”

Governing documents etc available to public Part VI line 19

“The Governing Documents are available for review by the public on request.”

Filing and Contact Details

Filer

Filer Name
Foundry Community Foundation
EIN
47-1812040
Address
211 N 14TH STREET, LINCOLN, NE 68508

Signing Officer

Name
Jay Wilkinson
Title
Chair
Phone
4024348540
Signed
2024-05-24
Discuss with paid preparer
No

Organization Details

Formed
2014
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
1
Employees
9

Preparer

Firm
Paul Selivanoff Buck Reinke & Assoc
Address
4745 Prescott ste 206, Lincoln, NE 68506
Preparer
Paul Selivanoff
Phone
4024883823
Supplemental Narrative

Additional Explanations

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

“materials for program services”

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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/CurrentTaxYearMinus3YearsAmt0250473
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0428230
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0689045
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0667412
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0689045
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02875707
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0179667
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0215157
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0161599
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0101763
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0263362
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAP 1
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0197089
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0FIRESPRING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1WILKINSON BUILDING LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD CHAIR OWNS 50 OF SHARES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1JAY WILKINSON AND FAMILY ARE OWNERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASE CONTENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CAM CHARGES FOR USE OF DONATED BLDG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0131807
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SUPPORT OPERATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1refinance loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1253194
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1wcb llc
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD CHAIR IS OWNER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1board chair owns
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt0131807
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body has reviewed the form 990 before submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing body reviewed all activity and requires each member to submit a Conflict of Interest Statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The top management officials are not employees of the Foundation and do not receive a salary or any compensation, with the exception of the Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No compensation is paid to any of the board of directors, and officers of the foundation with the exception of the executive director role
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Governing Documents are available for review by the public on request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5materials for program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0609505
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IRS990/TotalLiabilitiesEOYAmt0336840
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IRS990/TotalProgramServiceRevenueAmt0499786
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01252600
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0150
IRS990/TravelGrp/ProgramServicesAmt021668
IRS990/TravelGrp/TotalAmt021818
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0149900
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0thefoundry.co
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,252,600
Liabilities
$336,840
Net assets
$915,760
Revenue
$607,956
Expenses
$609,505
Net income
-$1,549
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.29$0.86$0.96$1.01$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.34$0.92$0.61$0.61$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.35$0.92$1.16$0.41$0.75
2021Detailed filing. Detailed filing data is available for this year.$1.33$1.17$0.17$1.23$0.24$1.00
2020Detailed filing. Detailed filing data is available for this year.$0.40$1.23$0.83$0.47$0.62$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.44$1.12$0.68$0.86$1.21$0.35
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.83$0.34$0.71$0.90$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.58$0.14$0.64$0.67$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.38$0.12$0.52$0.62$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.28$0.30$0.02$0.50$0.55$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.04$0.01$0.02