Civic Intelligence

The Werx Foundation Inc

990EZ • Fiscal year 2015 • EIN 47-2533449

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 11, 2016

610 Elm Street 700Mckinney, TX 75069

(214) 856-4113

Siviq Scores

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

Liabilities / Assets

61st percentile

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

55th percentile

5.6%

Higher net margin than 55% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$48,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

Up

$50,087

Up $50,087 from 2014

Net Assets

Up

$49,717

Up $49,717 from 2014

Liabilities

$370

No earlier filing loaded for comparison.

Revenue

$198,594

No earlier filing loaded for comparison.

Expenses

$187,498

No earlier filing loaded for comparison.

Net Income

$11,096

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2014: $0Net Assets 2014: $02014Assets 2015: $50,087Liabilities 2015: $370Net Assets 2015: $49,7172015Assets 2016: $68,586Liabilities 2016: $0Net Assets 2016: $68,5862016Assets 2017: $4,299Net Assets 2017: $4,2992017

Highlighted filing

2015

Assets$50,087
Liabilities$370
Net Assets$49,717

Operations Trend

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

$300K$200K$100K$0Revenue 2015: $198,594Expenses 2015: $187,498Net Income 2015: $11,0962015Revenue 2016: $240,669Expenses 2016: $221,800Net Income 2016: $18,8692016Revenue 2017: $149,928Expenses 2017: $147,302Net Income 2017: $2,6262017

Highlighted filing

2015

Revenue$198,594
Expenses$187,498
Net Income$11,096
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 11, 2016
Return Version
2015v2.1
Gross Receipts
$198,594
Mission and Program Overview

Mission

The Werx is a collaborative shared work space and business center for start-ups and entrepreneurs that offers a unique atmosphere and eco-system of resources and networking. Dedicated desk plans are reserved for technology start-ups. The accepted residents share an open working space with dedicated desks and shared amenities. The Werx Foundation, Inc. was established to allow for our corporate and community partners to contribute donations to help grow and build the entrepreneurial community for years to come in the area.

The werx is a collaborative shared workspace, and business center for start-ups and entrepreneurs that offers a unique atmosphere and eco-system of resources and coolness dedicated desk plans are reserved for technology start-ups. The accepted residents share an open working space with dedicated desks and shared free amenities the werx foundation, inc. Has also been established to allow for our corporate and community partners to contribute donations to help grow and build the entrepreneurial community for years to come thank you, to all that have given back to your community

Program Services

DescriptionGrantsExpenses
THE WERX IS A COLLABORATIVE SHARED WORKSPACE, AND BUSINESS CENTER FOR START-UPS AND ENTREPRENEURS THAT OFFERS A UNIQUE ATMOSPHERE AND ECO-SYSTEM OF RESOURCES AND COOLNESS DEDICATED DESK PLANS ARE RESERVED FOR TECHNOLOGY START-UPS. THE ACCEPTED RESIDENTS SHARE AN OPEN WORKING SPACE WITH DEDICATED DESKS AND SHARED FREE AMENITIES THE WERX FOUNDATION, INC. HAS ALSO BEEN ESTABLISHED TO ALLOW FOR OUR CORPORATE AND COMMUNITY PARTNERS TO CONTRIBUTE DONATIONS TO HELP GROW AND BUILD THE ENTREPRENEURIAL COMMUNITY FOR YEARS TO COME THANK YOU, TO ALL THAT HAVE GIVEN BACK TO YOUR COMMUNITY-$187,498
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CHRISTINE SMITHExecutive DiFT$48,000-$48,000
JOHN VALENCIABoard Member-$0--
MARK COTTAMCo-Chairman/-$0--
STEVE TUCKERCo-Chairman/-$0--
TERRY CASEYBoard Member-$0--
JOHN MINNISBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Werx Foundation Inc
EIN
47-2533449
Address
610 ELM STREET 700, MCKINNEY, TX 75069

Signing Officer

Name
Christine Smith
Title
Executive Director
Signed
2016-11-11
Discuss with paid preparer
Yes

Preparer

Firm
David M Kesel CPA
Address
4833 MEDICAL CENTER DR STE 6A, MCKINNEY, TX 75069
Preparer
David Kesel
Phone
9727341040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses supplies 3,289 furnishings 2,006 office supplies 280 postage 12 printing 687 shipping 4 bank 12 dues & subscriptions 800 other expense 1,190 city fees 50 gifts 123 software 60 online expense 816 paypal 87 meals & entertainment 113 events 6,742 expense 1,114 insurance 733 total 18,118

Form 990-ez, Part I, Line 20

CONTRIBUTION 38,621

Form 990-ez, Part II, Line 24

Accounts receivable 0 150 other assets 0 38,990 total 0 39,140

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 370

Form 990-ez, Part III

The werx is a collaborative shared workspace, and business center for start-ups and entrepreneurs that offers a unique atmosphere and eco-system of resources and coolness dedicated desk plans are reserved for technology start-ups. The accepted residents share an open working space with dedicated desks and shared free amenities the werx foundation, inc. Has also been established to allow for our corporate and community partners to contribute donations to help grow and build the entrepreneurial community for years to come thank you, to all that have given back to your community

Form 990-ez, Part III, Line 28

The werx is a collaborative shared workspace, and business center for start-ups and entrepreneurs that offers a unique atmosphere and eco-system of resources and coolness dedicated desk plans are reserved for technology start-ups. The accepted residents share an open working space with dedicated desks and shared free amenities the werx foundation, inc. Has also been established to allow for our corporate and community partners to contribute donations to help grow and build the entrepreneurial community for years to come thank you, to all that have given back to your community

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES SUPPLIES 3,289 FURNISHINGS 2,006 OFFICE SUPPLIES 280 POSTAGE 12 PRINTING 687 SHIPPING 4 BANK 12 DUES & SUBSCRIPTIONS 800 OTHER EXPENSE 1,190 CITY FEES 50 GIFTS 123 SOFTWARE 60 ONLINE EXPENSE 816 PAYPAL 87 MEALS & ENTERTAINMENT 113 EVENTS 6,742 EXPENSE 1,114 INSURANCE 733 TOTAL 18,118
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTION 38,621
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 370
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WERX IS A COLLABORATIVE SHARED WORKSPACE, AND BUSINESS CENTER FOR START-UPS AND ENTREPRENEURS THAT OFFERS A UNIQUE ATMOSPHERE AND ECO-SYSTEM OF RESOURCES AND COOLNESS DEDICATED DESK PLANS ARE RESERVED FOR TECHNOLOGY START-UPS. THE ACCEPTED RESIDENTS SHARE AN OPEN WORKING SPACE WITH DEDICATED DESKS AND SHARED FREE AMENITIES THE WERX FOUNDATION, INC. HAS ALSO BEEN ESTABLISHED TO ALLOW FOR OUR CORPORATE AND COMMUNITY PARTNERS TO CONTRIBUTE DONATIONS TO HELP GROW AND BUILD THE ENTREPRENEURIAL COMMUNITY FOR YEARS TO COME THANK YOU, TO ALL THAT HAVE GIVEN BACK TO YOUR COMMUNITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE WERX IS A COLLABORATIVE SHARED WORKSPACE, AND BUSINESS CENTER FOR START-UPS AND ENTREPRENEURS THAT OFFERS A UNIQUE ATMOSPHERE AND ECO-SYSTEM OF RESOURCES AND COOLNESS DEDICATED DESK PLANS ARE RESERVED FOR TECHNOLOGY START-UPS. THE ACCEPTED RESIDENTS SHARE AN OPEN WORKING SPACE WITH DEDICATED DESKS AND SHARED FREE AMENITIES THE WERX FOUNDATION, INC. HAS ALSO BEEN ESTABLISHED TO ALLOW FOR OUR CORPORATE AND COMMUNITY PARTNERS TO CONTRIBUTE DONATIONS TO HELP GROW AND BUILD THE ENTREPRENEURIAL COMMUNITY FOR YEARS TO COME THANK YOU, TO ALL THAT HAVE GIVEN BACK TO YOUR COMMUNITY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHRISTINE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WERX FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WERX
ReturnHeader/Filer/EIN0472533449
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 ELM STREET 700
ReturnHeader/Filer/USAddress/CityNm0MCKINNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075069
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID M KESEL CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04833 MEDICAL CENTER DR STE 6A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MCKINNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075069
ReturnHeader/PreparerPersonGrp/PhoneNum09727341040
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID KESEL
ReturnHeader/ReturnTs02016-11-15T15:23:58-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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