Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
990EZ • Fiscal year 2015 • EIN 47-2533449
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Liabilities / Revenue
57th percentile
Higher debt load relative to revenue than 57% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
92nd percentile
Higher top officer pay than 92% of similar nonprofits.
Top officer pay equals 24.2% of source-year revenue.
Asset Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
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.
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
| Description | Grants | Expenses |
|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHRISTINE SMITH | Executive Di | FT | $48,000 | - | $48,000 |
| JOHN VALENCIA | Board Member | - | $0 | - | - |
| MARK COTTAM | Co-Chairman/ | - | $0 | - | - |
| STEVE TUCKER | Co-Chairman/ | - | $0 | - | - |
| TERRY CASEY | Board Member | - | $0 | - | - |
| JOHN MINNIS | Board Member | - | $0 | - | - |
“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”
“CONTRIBUTION 38,621”
“Accounts receivable 0 150 other assets 0 38,990 total 0 39,140”
“Accounts payable and accrued expenses 0 370”
“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”
“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”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHRISTINE SMITH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2148564113 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 610 ELM STREET 700 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | 610 ELM STREET 700 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MCKINNEY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75069 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10947 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 147000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 11096 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 103 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 50087 |
| IRS990EZ/GrossReceiptsAmt | 0 | 198594 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 49717 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 49717 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 115612 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 48000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHRISTINE SMITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOHN VALENCIA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MARK COTTAM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | STEVE TUCKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TERRY CASEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JOHN MINNIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | EXECUTIVE DI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | CO-CHAIRMAN/ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CO-CHAIRMAN/ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 39140 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 38621 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 18118 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 51594 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | 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 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 187498 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 53665 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 370 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 187498 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 187498 |
| IRS990EZ/TotalRevenueAmt | 0 | 198594 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MCKINNEYWERX.COM |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 147000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 100 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 147100 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 51594 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 51594 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 198694 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 198594 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 100 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 198694 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 198594 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 100 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 198694 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CONTRIBUTION 38,621 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS RECEIVABLE 0 150 OTHER ASSETS 0 38,990 TOTAL 0 39,140 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 370 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHRISTINE SMITH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE WERX FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | WERX |
| ReturnHeader/Filer/EIN | 0 | 472533449 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 610 ELM STREET 700 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MCKINNEY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75069 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 454002407 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DAVID M KESEL CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4833 MEDICAL CENTER DR STE 6A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MCKINNEY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75069 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9727341040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID KESEL |
| ReturnHeader/ReturnTs | 0 | 2016-11-15T15:23:58-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
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Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.