Civic Intelligence

Grid110 Inc.

990 • Fiscal year 2020 • EIN 47-4318779

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

Organization ProfileWWW.GRID110.ORG
800 Wilshire Boulevard No 200Los Angeles, CA 90017

(424) 257-0289

Siviq Scores

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

Liabilities / Assets

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.01x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$120,839

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

98th percentile

449%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

51%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$83,621

Up $68,391 (+449%) from 2019

Net Assets

Up

$80,315

Up $101,170 (+485%) from 2019

Liabilities

Down

$3,306

Down $32,779 (-91%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin68th percentile

Revenue

Up

$567,693

Up $192,059 (+51%) from 2019

Expenses

Up

$465,793

Up $69,304 (+17%) from 2019

Net Income

Up

$101,900

Up $122,755 (+589%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$600K$400K$200K$0-$200KAssets 2017: $93,920Liabilities 2017: $93,920Net Assets 2017: $02017Assets 2018: $138,786Liabilities 2018: $138,786Net Assets 2018: $02018Assets 2019: $15,230Liabilities 2019: $36,085Net Assets 2019: -$20,8552019Assets 2020: $83,621Liabilities 2020: $3,306Net Assets 2020: $80,3152020Assets 2021: $199,287Liabilities 2021: $131,904Net Assets 2021: $67,3832021Assets 2022: $155,027Liabilities 2022: $129,164Net Assets 2022: $25,8632022Assets 2023: $195,647Liabilities 2023: $3,033Net Assets 2023: $192,6142023Assets 2024: $451,448Liabilities 2024: $161,075Net Assets 2024: $290,3732024

Highlighted filing

2020

Assets$83,621
Liabilities$3,306
Net Assets$80,315
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $94,005Expenses 2017: $94,005Net Income 2017: $02017Revenue 2018: $289,478Expenses 2018: $289,478Net Income 2018: $02018Revenue 2019: $375,634Expenses 2019: $396,489Net Income 2019: -$20,8552019Revenue 2020: $567,693Expenses 2020: $465,793Net Income 2020: $101,9002020Revenue 2021: $639,161Expenses 2021: $652,093Net Income 2021: -$12,9322021Revenue 2022: $626,792Expenses 2022: $703,209Net Income 2022: -$76,4172022Revenue 2023: $736,849Expenses 2023: $570,098Net Income 2023: $166,7512023Revenue 2024: $421,584Expenses 2024: $407,859Net Income 2024: $13,7252024

Highlighted filing

2020

Revenue$567,693
Expenses$465,793
Net Income$101,900
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$567,693
Mission and Program Overview

Mission

Grid110 is an economic and community development organization that connects early-stage entrepreneurs to mentoring and critical resources through free programs. The focus is to activate community and help entrepreneurs realize sustainable growth paths that allow them to scale their businesses (and teams) right here in los angeles. Our mission is to foster the most thriving, inviting & inclusive community for entrepreneurs in los angeles. We believe that anyone with the goal of becoming an entrepreneur should have the chance to pursue it and receive support along the way. Our work impacts individuals who are often overlooked by traditional entrepreneurial ecosystems. That's what drives us to make the entrepreneurial path more equitable, inclusive and accessible.

Creating clearer pathways to success for early stage entrepreneurs in los angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,897$81,113▲ $69,216
Rtn Earn Endowment Incm Other Fnds$-20,855$80,315▲ $101,170
Pledges and Grants Receivable$3,333$2,508▼ $825
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,230$83,621▲ $68,391
Liabilities
Unsecured Notes Loans Payable$12,108$0▼ $12,108
Accounts Payable and Accrued Expenses$23,977$3,306▼ $20,671
Total Liabilities$36,085$3,306▼ $32,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$-20,855$80,315▲ $101,170
Total Liabilities and Net Assets / Fund Balance$15,230$83,621▲ $68,391
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Miki ReynoldsCEOFT$114,361$6,478$120,839

Board Members and Trustees

NameTitle
Jade Turner-bondDirector
Jared GoodnerDirector
Prashant SamantDirector
Stephen KaneDirector
Ashumi ShippeeCFO
Megan SetteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$567,693
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,897
Change in Net Assets
$101,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$378,866
Other Expenses$86,927
Total Fundraising Expense$26,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$221,096--$221,096
Current Officers, Directors, Trustees, and Key Employees$60,419$36,252$24,168$120,839
Payroll Taxes$20,285$3,494$2,330$26,109
Other Employee Benefits$10,822--$10,822
Office Expenses-$5,355-$5,355
Fees for Services Accounting-$3,800-$3,800
Insurance-$3,410-$3,410
Conferences and Meetings$3,362--$3,362
Travel-$1,171-$1,171
Other Expenses$1,277$237-$237
All Other Expenses-$126-$126
Total Functional Expenses$382,154$57,141$26,498$465,793
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
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 A, Line 2

“Jared goodner and prashant samant (both board directors) are business partners in a separate company together. This preceedes their affiliation with the organization.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have a committee to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Once complete, a copy of the form 990 will be distributed to the board for review by the next board meeting.”

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

“The conflict of interest policy is monitored by the organization through an annual disclosure form that is completed and signed by each director. Any conflicts that should arise are reviewed by the remaining board.”

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

“The board of directors reviewed and approved the compensation of the executive director independently, without the participation of interested persons. Comparable information was used in determining compensation for the executive director. The compensation was also approved by the city of los angeles thorugh the grant budget process.”

Form 990, Part VI, Section C, Line 19

“The form 990, financial statements and the governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Grid110 Inc
EIN
47-4318779
Phone
4242570289
Address
800 WILSHIRE BOULEVARD NO 200, LOS ANGELES, CA 90017

Signing Officer

Name
Miki Reynolds
Title
Executive Director/CEO
Phone
4242570289
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Miki Reynolds
Formed
2015
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
6
Volunteers
50

Preparer

Firm
Green Hasson & Janks Llp
Address
700 SOUTH FLOWER STREET SUITE 3300, LOS ANGELES, CA 90017
Preparer
Lizbeth Nevarez
Phone
3108731600
Raw XML Appendix363 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/MissionDesc0GRID110 IS AN ECONOMIC AND COMMUNITY DEVELOPMENT ORGANIZATION THAT CONNECTS EARLY-STAGE ENTREPRENEURS TO MENTORING AND CRITICAL RESOURCES THROUGH FREE PROGRAMS. THE FOCUS IS TO ACTIVATE COMMUNITY AND HELP ENTREPRENEURS REALIZE SUSTAINABLE GROWTH PATHS THAT ALLOW THEM TO SCALE THEIR BUSINESSES (AND TEAMS) RIGHT HERE IN LOS ANGELES. OUR MISSION IS TO FOSTER THE MOST THRIVING, INVITING & INCLUSIVE COMMUNITY FOR ENTREPRENEURS IN LOS ANGELES. WE BELIEVE THAT ANYONE WITH THE GOAL OF BECOMING AN ENTREPRENEUR SHOULD HAVE THE CHANCE TO PURSUE IT AND RECEIVE SUPPORT ALONG THE WAY. OUR WORK IMPACTS INDIVIDUALS WHO ARE OFTEN OVERLOOKED BY TRADITIONAL ENTREPRENEURIAL ECOSYSTEMS. THAT'S WHAT DRIVES US TO MAKE THE ENTREPRENEURIAL PATH MORE EQUITABLE, INCLUSIVE AND ACCESSIBLE.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JARED GOODNER AND PRASHANT SAMANT (BOTH BOARD DIRECTORS) ARE BUSINESS PARTNERS IN A SEPARATE COMPANY TOGETHER. THIS PRECEEDES THEIR AFFILIATION WITH THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE A COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ONCE COMPLETE, A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD FOR REVIEW BY THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE ORGANIZATION THROUGH AN ANNUAL DISCLOSURE FORM THAT IS COMPLETED AND SIGNED BY EACH DIRECTOR. ANY CONFLICTS THAT SHOULD ARISE ARE REVIEWED BY THE REMAINING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE COMPENSATION OF THE EXECUTIVE DIRECTOR INDEPENDENTLY, WITHOUT THE PARTICIPATION OF INTERESTED PERSONS. COMPARABLE INFORMATION WAS USED IN DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE COMPENSATION WAS ALSO APPROVED BY THE CITY OF LOS ANGELES THORUGH THE GRANT BUDGET PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990, FINANCIAL STATEMENTS AND THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015230
IRS990/TotalAssetsEOYAmt083621
IRS990/TotalAssetsGrp/BOYAmt015230
IRS990/TotalAssetsGrp/EOYAmt083621
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0567693
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026498
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057141
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0382154
IRS990/TotalFunctionalExpensesGrp/TotalAmt0465793
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036085
IRS990/TotalLiabilitiesEOYAmt03306
IRS990/TotalLiabilitiesGrp/BOYAmt036085
IRS990/TotalLiabilitiesGrp/EOYAmt03306
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-20855
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt080315
IRS990/TotalOtherCompensationAmt06478
IRS990/TotalProgramServiceExpensesAmt0382154
IRS990/TotalReportableCompFromOrgAmt0114361
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0567693
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt083621
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt01171
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012108
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090017
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.GRID110.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKI REYNOLDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04242570289
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRID110 INC
ReturnHeader/Filer/BusinessNameControlTxt0GRID
ReturnHeader/Filer/EIN0474318779
ReturnHeader/Filer/PhoneNum04242570289
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 WILSHIRE BOULEVARD NO 200
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0951777440
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEN HASSON & JANKS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 SOUTH FLOWER STREET SUITE 3300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LOS ANGELES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd090017
ReturnHeader/PreparerPersonGrp/PhoneNum03108731600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LIZBETH NEVAREZ
ReturnHeader/ReturnTs02021-11-11T16:14:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MIKI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0REYNOLDS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$83,621
Liabilities
$3,306
Net assets
$80,315
Revenue
$567,693
Expenses
$465,793
Net income
$101,900
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$1.61$2.90$4.22$4.08$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.03$1.93$7.37$5.70$1.67
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$1.29$0.26$6.27$7.03$0.76
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$1.32$0.67$6.39$6.52$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.03$0.80$5.68$4.66$1.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.15$0.36$0.21$3.76$3.96$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$1.39$0.00$2.89$2.89$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.94$0.00$0.94$0.94$0.00