Civic Intelligence

The Werx Foundation Inc

990EZ • Fiscal year 2017 • EIN 47-2533449

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization Profilewww.mckinneywerx.com
504 Peterhouse DriveMcKinney, TX 75071

(214) 856-4113

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 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-94%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-38%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$4,299

Down $64,287 (-94%) from 2016

Net Assets

Down

$4,299

Down $64,287 (-94%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin46th percentile

Revenue

Down

$149,928

Down $90,741 (-38%) from 2016

Expenses

Down

$147,302

Down $74,498 (-34%) from 2016

Net Income

Down

$2,626

Down $16,243 (-86%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

2017

Assets$4,299
Liabilities-
Net Assets$4,299
Open 2017 Filing

Operations Trend

Revenue Growth13th percentile

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

2017

Revenue$149,928
Expenses$147,302
Net Income$2,626
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$149,928
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.

Program Services

DescriptionGrantsExpenses
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.$132,314-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark CottamExecutive DirectorFT$0--
Steve TuckerSecretary-$0--
Filing and Contact Details

Filer

Filer Name
The WERX Foundation Inc
EIN
47-2533449
Phone
2148564113
Address
504 Peterhouse Drive, McKinney, TX 75071

Signing Officer

Name
Mark Cottam
Title
Executive Director
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Michael Mosley CPA
Address
7656 El Pastel Drive, Dallas, TX 75248
Preparer
Michael Mosley
Phone
4699517507
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $1269”

Other Expenses.1003

“Information Technology $793”

Other Expenses.1007

“Conferences, Conventions, and Meetings $885”

Other Expenses.1012

“Insurance $672”

Other Expenses.1

“Program Expenses $3879”

Other Expenses.2

“Communications $3730”

Other Expenses.3

“Bank & Card Fees $2122”

Other Expenses.4

“Dues & Memberships $122”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1250”

Other Assets.1006

“Pledges and Grants Receivable - Beginning $39641 Pledges and Grants Receivable - Ending $0”

Other Assets.1

“Other Assets - In Kind Contributions - Beginning $26401 Other Assets - In Kind Contributions - Ending $0”

Changes in Net Assets

“Previously Donated Materials and Goods were lost with the entity undergoing a reorganization to better meet the community's needs.”

Raw XML Appendix173 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/CompensationOfHghstPdCntrctGrp/CompensationAmt115545
IRS990EZ/CompensationOfHghstPdCntrctGrp/PersonNm0Harry Smeenk
IRS990EZ/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt0Interim Director
IRS990EZ/CompensationOfHghstPdCntrctGrp/ServiceTypeTxt1Interim Director
IRS990EZ/CompensationOfHghstPdCntrctGrp/USAddress/AddressLine1Txt0504 Peterhouse Drive
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IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt068586
IRS990EZ/NetAssetsOrFundBalancesEOYAmt04299
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt068586
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt04299
IRS990EZ/OccupancyRentUtltsAndMaintAmt062347
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Mark Cottam
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Steve Tucker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt066042
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01250
IRS990EZ/OtherChangesInNetAssetsAmt0-66913
IRS990EZ/OtherExpensesTotalAmt013472
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The 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.
IRS990EZ/ProgramServiceRevenueAmt048281
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0132314
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt03824
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0147302
IRS990EZ/TotalProgramServiceExpensesAmt0132314
IRS990EZ/TotalRevenueAmt0149928
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://www.mckinneywerx.com/
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0101647
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0151392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0147000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0400139
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0400139
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0101647
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0151392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0147000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/Total509Grp/TotalAmt0400139
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0101647
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0151392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0147000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0400139
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1269
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $885
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $672
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Program Expenses $3879
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Communications $3730
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Bank & Card Fees $2122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues & Memberships $122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Pledges and Grants Receivable - Beginning $39641 Pledges and Grants Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other Assets - In Kind Contributions - Beginning $26401 Other Assets - In Kind Contributions - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Previously Donated Materials and Goods were lost with the entity undergoing a reorganization to better meet the community's needs.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1006
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Changes in Net Assets
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Cottam
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The WERX Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0WERX
ReturnHeader/Filer/EIN0472533449
ReturnHeader/Filer/PhoneNum02148564113
ReturnHeader/Filer/USAddress/AddressLine1Txt0504 Peterhouse Drive
ReturnHeader/Filer/USAddress/CityNm0McKinney
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075071
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471337569
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael Mosley CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07656 El Pastel Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Dallas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075248
ReturnHeader/PreparerPersonGrp/PhoneNum04699517507
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Mosley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-14T14:02:58-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,299
Liabilities
-
Net assets
$4,299
Revenue
$149,928
Expenses
$147,302
Net income
$2,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.04$1.50$1.47$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$2.41$2.22$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$1.99$1.87$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00