Civic Intelligence

Wayfinding Initiative

990 • Fiscal year 2016 • EIN 47-2943786

Aug 01, 2015 to Jul 31, 2016 • Filed on Jan 10, 2017

8010 N Charleston AvePortland, OR 97203

(503) 482-9038

Siviq Scores

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

Liabilities / Assets

90th percentile

0.59x

Higher debt load relative to assets than 90% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

0.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

78th percentile

22%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

76th percentile

$1,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Assets

$119,672

No earlier filing loaded for comparison.

Net Assets

$49,355

No earlier filing loaded for comparison.

Liabilities

$70,317

No earlier filing loaded for comparison.

Revenue

$228,490

No earlier filing loaded for comparison.

Expenses

$179,219

No earlier filing loaded for comparison.

Net Income

$49,271

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.

$1.0M$500K$0-$500KAssets 2016: $119,672Liabilities 2016: $70,317Net Assets 2016: $49,3552016Assets 2017: $178,131Liabilities 2017: $141,036Net Assets 2017: $37,0952017Assets 2018: $175,066Liabilities 2018: $140,940Net Assets 2018: $34,1262018Assets 2019: $153,193Liabilities 2019: $155,649Net Assets 2019: -$2,4562019Assets 2020: $286,982Liabilities 2020: $390,159Net Assets 2020: -$103,1772020Assets 2021: $140,078Liabilities 2021: $310,071Net Assets 2021: -$169,9932021Assets 2022: $189,175Liabilities 2022: $562,805Net Assets 2022: -$373,6302022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$119,672
Liabilities$70,317
Net Assets$49,355

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $228,490Expenses 2016: $179,219Net Income 2016: $49,2712016Revenue 2017: $320,113Expenses 2017: $340,189Net Income 2017: -$20,0762017Revenue 2018: $378,689Expenses 2018: $381,657Net Income 2018: -$2,9682018Revenue 2019: $396,636Expenses 2019: $432,054Net Income 2019: -$35,4182019Revenue 2020: $373,766Expenses 2020: $474,568Net Income 2020: -$100,8022020Revenue 2021: $493,209Expenses 2021: $560,025Net Income 2021: -$66,8162021Revenue 2022: $314,827Expenses 2022: $518,464Net Income 2022: -$203,6372022Revenue 2023: $596,971Expenses 2023: $223,341Net Income 2023: $373,6302023

Highlighted filing

2016

Revenue$228,490
Expenses$179,219
Net Income$49,271
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jan 10, 2017
Return Version
2015v3.0
Gross Receipts
$228,490
Mission and Program Overview

Mission

Wayfinding academy is a nonprofit corporation and shall operate exclusively for educational and charitable purposes within the meaning of section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code. Wayfinding academy's purpose is to provide an alternative model of higher education/post-secondary education. To maximize our impact on current efforts, we seek to collaborate with other non-profit organizations which fall under the 501(c)(3) section of the internal revenue code and are operated exclusively for educational and charitable purposes.

Wayfinding Academy is a Nonprofit Corporation and shall operate exclusively for educational and charitable purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code, or the corresponding section of any future Federal tax code. Wayfinding Academy's purpose is to provide an alternative model of higher education/post-secondary education. To maximize our impact on current efforts, we seek to collaborate with other non-profit organizations which fall under the 501(c)(3) section of the internal revenue code and are operated exclusively for educational and charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$60,000$0▼ $60,000
Other Notes and Loans Receivable, Net$0$42,000▲ $42,000
Cash and Non-Interest-Bearing Accounts$60,080$30,761▼ $29,319
Land, Buildings, and Equipment, Net$0$30,452▲ $30,452
Accounts Receivable$0$12,027▲ $12,027
Prepaid Expenses and Deferred Charges$0$4,432▲ $4,432
Savings and Temporary Cash Investments$5$0▼ $5
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$60,085$119,672▲ $59,587
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$43,389▲ $43,389
Unsecured Notes Loans Payable$0$15,148▲ $15,148
Accounts Payable and Accrued Expenses$0$11,780▲ $11,780
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Other Liabilities$0--
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$60,000$70,317▲ $10,317
Net Assets / Fund Balance
Unrestricted Net Assets$85$49,355▲ $49,270
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$85$49,355▲ $49,270
Total Liabilities and Net Assets / Fund Balance$60,085$119,672▲ $59,587

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,500$0$17,500
Leasehold Improvements$8,500$0$8,500
Equipment$4,452$0$4,452
Other Land Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bjarke KronborgChief Business OfficerFT$1,000$1,000

Board Members and Trustees

NameTitle
Michelle JonesPresident and Chief Academic Officer
Ali O'NeillBoard member
Anton CobbBoard member
Charlie GilkeyBoard member
Cristal FinleyBoard member
Emily ZiontsBoard member
Jefferson SmithBoard member
Joshua WaldmanBoard member
Katarina KrouseBoard member
Matthew WhiteheadBoard member
Sean AikenBoard member
Sean KeenerBoard member
Revenue and Support

Revenue Composition

Contributions and Grants
$213,721
Program Service Revenue
$12,959
Investment Income
$67
Other Revenue
$1,743
All Other Contributions
$213,721
Change in Net Assets
$49,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$115,942
Other Expenses$63,277
Total Fundraising Expense$37,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,729$23,209$9,681$70,619
Current Officers, Directors, Trustees, and Key Employees$18,865$7,409$4,840$31,114
Office Expenses$4,257$3,159$13,763$21,179
Occupancy$8,165$4,221$4,082$16,468
All Other Expenses$6,535$2,749$27$9,311
Fees for Services Accounting$0$7,709$0$7,709
Other Employee Benefits$3,615$1,906$1,598$7,119
Payroll Taxes$3,601$1,898$1,591$7,090
Information Technology$2,454$0$1,229$3,683
Advertising$2,353$115$0$2,468
Conferences and Meetings$182$627$442$1,251
Insurance$425$216$206$847
Travel$357$4$0$361
Total Functional Expenses$88,538$53,222$37,459$179,219
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$60,000$0▼ $60,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

Form prepared by Chief Business Officer, reviewed by Treasurer, circulated among the Board of Directors, and finally signed/submitted by the Treasurer.

Form 990, Part VI, Section C, Line 19

Our organization has a community wiki where we add all policies. Our goal is to also make end of year financial statements and Form 990 available there as well. But until that point, they will be available upon request.

Filing and Contact Details

Filer

Filer Name
Wayfinding Initiative
EIN
47-2943786
Phone
5034829038
Address
8010 N Charleston Ave, Portland, OR 97203
Doing Business As
Wayfinding Academy

Signing Officer

Name
Katarina Krouse
Title
Treasurer
Phone
7024238821
Signed
2017-01-10

Organization Details

Principal Officer
Michelle Jones
Formed
2015
Legal Domicile
Or
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
25
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

As this was the first year of real operations, we initiated a number of programs to get the organization ready to start accepting students at the end of the fiscal year. This included testing a number of activities and starting to implement internal procedures and protocols.

Form 990, Part IX, Line 24E

Bulk of it is captured with the following: $4,000 in program accreditation fees, $1,800 in bank fees and processing charges, $990 to establish a Letter of Credit.

Form 990, Part XII, Line 1

We didn't directly changed them, but we changed accountant and accounting systems, and that caused some discrepancies between the financial statements.

Raw XML AppendixShowing 400 of 671 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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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/FundraisingAmt01229
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt02454
IRS990/InformationTechnologyGrp/TotalAmt03683
IRS990/InsuranceGrp/FundraisingAmt0206
IRS990/InsuranceGrp/ManagementAndGeneralAmt0216
IRS990/InsuranceGrp/ProgramServicesAmt0425
IRS990/InsuranceGrp/TotalAmt0847
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IRS990/MissionDesc0Wayfinding Academy is a Nonprofit Corporation and shall operate exclusively for educational and charitable purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code, or the corresponding section of any future Federal tax code. Wayfinding Academy's purpose is to provide an alternative model of higher education/post-secondary education. To maximize our impact on current efforts, we seek to collaborate with other non-profit organizations which fall under the 501(c)(3) section of the internal revenue code and are operated exclusively for educational and charitable purposes.
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