Civic Intelligence

We Own IT Inc.

990 • Fiscal year 2016 • EIN 47-4058872

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

PO Box 3090Madison, WI 53704-0090

(608) 375-8540

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.13x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

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

Top Officer Pay

97th percentile

$76,442

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 35.7% 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

$241,528

No earlier filing loaded for comparison.

Net Assets

$214,575

No earlier filing loaded for comparison.

Liabilities

$26,953

No earlier filing loaded for comparison.

Revenue

$214,251

No earlier filing loaded for comparison.

Expenses

$248,696

No earlier filing loaded for comparison.

Net Income

-$34,445

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.

$600K$400K$200K$0Assets 2016: $241,528Liabilities 2016: $26,953Net Assets 2016: $214,5752016Assets 2017: $478,872Liabilities 2017: $21,971Net Assets 2017: $456,9012017Assets 2018: $505,257Liabilities 2018: $67,975Net Assets 2018: $437,2822018Assets 2019: $314,170Liabilities 2019: $12,645Net Assets 2019: $301,5252019

Highlighted filing

2016

Assets$241,528
Liabilities$26,953
Net Assets$214,575

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $214,251Expenses 2016: $248,696Net Income 2016: -$34,4452016Revenue 2017: $705,157Expenses 2017: $483,494Net Income 2017: $221,6632017Revenue 2018: $697,145Expenses 2018: $716,764Net Income 2018: -$19,6192018Revenue 2019: $491,036Expenses 2019: $626,793Net Income 2019: -$135,7572019

Highlighted filing

2016

Revenue$214,251
Expenses$248,696
Net Income-$34,445
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$214,251
Mission and Program Overview

Mission

Catalyzing citizen action for democracy, participation, and excellence in cooperatives, through member education and organizing. Our vision is an economy that works for all of us, with many democratically-owned businesses working to build civic leadership and local assets, equity and economic security, and long-term sustainability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,466$233,438▲ $195,972
Land, Buildings, and Equipment, Net$0$3,626▲ $3,626
Pledges and Grants Receivable$210,136$2,946▼ $207,190
Total Assets$249,120$241,528▼ $7,592
Other Assets Total$1,518$1,518→ $0
Liabilities
Accounts Payable and Accrued Expenses$100$26,953▲ $26,853
Total Liabilities$100$26,953▲ $26,853
Net Assets / Fund Balance
Unrestricted Net Assets$249,020$214,575▼ $34,445
Total Net Assets Fund Balance$249,020$214,575▼ $34,445
Total Liabilities and Net Assets / Fund Balance$249,120$241,528▼ $7,592

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,229$826$3,055
Equipment$1,397$614$2,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jake SchlachterExecutive DirectorFT$71,288$5,154$76,442

Board Members and Trustees

NameTitle
Katie Disalvo-thronsonChair
Keith TaylorSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$214,251
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$214,251
Change in Net Assets
$-34,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,667
Salaries, Compensation, and Employee Benefits$80,739
Total Fundraising Expense$18,861
Grants and Similar Amounts Paid$3,290
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$62,048$25,879-$87,927
Current Officers, Directors, Trustees, and Key Employees$37,721$18,861$18,861$75,443
Travel$30,262$3,363-$33,625
Information Technology$25,678--$25,678
Conferences and Meetings$4,019$4,500-$8,519
Office Expenses-$6,220-$6,220
Payroll Taxes-$5,296-$5,296
Grants to Domestic Individuals$3,290--$3,290
Depreciation Depletion-$1,440-$1,440
Insurance$579$579-$1,158
Advertising-$100-$100
Total Functional Expenses$163,597$66,238$18,861$248,696
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
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
Yes
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

The prepared form 990 is reviewed by the organization's governing body and management before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Part VI, Section B, Line 15A

The members of the governing body determine the executive director's compensation using data on compensation paid by comparable organizations in the area for similar services. This process was last undertaken in 2016.

Form 990, Part VI, Section C, Line 19

The organization makes is governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
We Own It Inc
EIN
47-4058872
Phone
6083758540
Address
PO BOX 3090, MADISON, WI 53704-0090

Signing Officer

Name
Jake Schlachter
Title
Executive Director
Phone
6083758540
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jake Schlachter
Formed
2016
Legal Domicile
Wi
Voting Board Members
2
Independent Board Members
2
Employees
1
Volunteers
15

Preparer

Firm
Wegner Cpas Llp
Address
2110 LUANN LN, MADISON, WI 53713-3074
Preparer
Bruce Mayer CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Choctaw film project: program service expenses 9,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,500. Fellowship program development: program service expenses 20,823. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,823. Network outreach: program service expenses 31,725. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,725. Organizational development: program service expenses 0. Management and general expenses 15,379. Fundraising expenses 0. Total expenses 15,379. Fiscal agent: program service expenses 0. Management and general expenses 10,500. Fundraising expenses 0. Total expenses 10,500.

Raw XML Appendix308 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PREPARED FORM 990 IS REVIEWED BY THE ORGANIZATION'S GOVERNING BODY AND MANAGEMENT BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE GOVERNING BODY DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION USING DATA ON COMPENSATION PAID BY COMPARABLE ORGANIZATIONS IN THE AREA FOR SIMILAR SERVICES. THIS PROCESS WAS LAST UNDERTAKEN IN 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES IS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHOCTAW FILM PROJECT: PROGRAM SERVICE EXPENSES 9,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,500. FELLOWSHIP PROGRAM DEVELOPMENT: PROGRAM SERVICE EXPENSES 20,823. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,823. NETWORK OUTREACH: PROGRAM SERVICE EXPENSES 31,725. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,725. ORGANIZATIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,379. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,379. FISCAL AGENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAKE SCHLACHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06083758540
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WE OWN IT INC
ReturnHeader/Filer/BusinessNameControlTxt0WEOW
ReturnHeader/Filer/EIN0474058872
ReturnHeader/Filer/PhoneNum06083758540
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3090
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd0537040090
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId080350FAD928A7FBACD543344D5CF0EB6BEA04B03
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId038ADCCD4451C13DD10062D258D4F13D8E82D36F2
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.91.110.18
ReturnHeader/FilingSecurityInformation/IPDt02017-11-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm011:43:31
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02110 LUANN LN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537133074
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE MAYER CPA
ReturnHeader/ReturnTs02017-11-08T08:29:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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