Civic Intelligence

Womens Bakery Inc.

990 • Fiscal year 2019 • EIN 47-4333365

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

1031 33rd St No 243Denver, CO 80205

(918) 289-1274

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

82nd percentile

28%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$40,000

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

94th percentile

102%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$458,833

Up $231,646 (+102%) from 2018

Net Assets

Up

$458,833

Up $231,646 (+102%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$830,661

Up $284,856 (+52%) from 2018

Expenses

Up

$599,015

Up $138,728 (+30%) from 2018

Net Income

Up

$231,646

Up $146,128 (+171%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $99,951Liabilities 2015: $2,373Net Assets 2015: $97,5782015Assets 2016: $181,559Liabilities 2016: $0Net Assets 2016: $181,5592016Assets 2017: $141,737Liabilities 2017: $68Net Assets 2017: $141,6692017Assets 2018: $227,187Liabilities 2018: $0Net Assets 2018: $227,1872018Assets 2019: $458,833Liabilities 2019: $0Net Assets 2019: $458,8332019Assets 2020: $775,721Liabilities 2020: $45,558Net Assets 2020: $730,1632020Assets 2021: $838,378Liabilities 2021: $19,097Net Assets 2021: $819,2812021Assets 2022: $584,199Liabilities 2022: $3,464Net Assets 2022: $580,7352022Assets 2023: $570,173Liabilities 2023: $3,485Net Assets 2023: $566,6882023Assets 2024: $1,271,305Liabilities 2024: $2,847Net Assets 2024: $1,268,4582024

Highlighted filing

2019

Assets$458,833
Liabilities$0
Net Assets$458,833

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $268,753Expenses 2015: $171,175Net Income 2015: $97,5782015Revenue 2016: $315,573Expenses 2016: $231,592Net Income 2016: $83,9812016Revenue 2017: $337,288Expenses 2017: $376,246Net Income 2017: -$38,9582017Revenue 2018: $545,805Expenses 2018: $460,287Net Income 2018: $85,5182018Revenue 2019: $830,661Expenses 2019: $599,015Net Income 2019: $231,6462019Revenue 2020: $961,827Expenses 2020: $690,497Net Income 2020: $271,3302020Revenue 2021: $1,065,951Expenses 2021: $976,833Net Income 2021: $89,1182021Revenue 2022: $1,119,861Expenses 2022: $1,358,407Net Income 2022: -$238,5462022Revenue 2023: $967,052Expenses 2023: $981,099Net Income 2023: -$14,0472023Revenue 2024: $1,623,962Expenses 2024: $922,192Net Income 2024: $701,7702024

Highlighted filing

2019

Revenue$830,661
Expenses$599,015
Net Income$231,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.1
Gross Receipts
$830,661
Mission and Program Overview

Mission

The women's bakery is a social enterprise that empowers women and builds bakeries.

The women's bakery is a social enterprise that gainfully employs women and provides access to quality breads in east africa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$202,406$441,846▲ $239,440
Investments Program Related$10,271$10,271→ $0
Land, Buildings, and Equipment, Net$8,684$6,714▼ $1,970
Prepaid Expenses and Deferred Charges$5,826$0▼ $5,826
Savings and Temporary Cash Investments-$2-
Total Assets$227,187$458,833▲ $231,646
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$227,187$458,833▲ $231,646
Total Net Assets Fund Balance$227,187$458,833▲ $231,646
Total Liabilities and Net Assets / Fund Balance$227,187$458,833▲ $231,646

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,714$7,525$14,239
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jane Markey CulverBoard Director/CEOFT$40,000$40,000

Board Members and Trustees

NameTitle
Sherry ManningChair as of 10/19
Emma KaranjaVice Chair as of 10/19
Burke FishburnBoard Director as of 10/19
David CulverBoard Director Thru 10/19
Julie Anne GreeneBoard Director Thru 10/19
Natalie HornsbyBoard Director Thru 10/19
Marla RosnerSecratary as of 10/19
Revenue and Support

Revenue Composition

Contributions and Grants
$827,219
Program Service Revenue
$3,134
Investment Income
$280
Other Revenue
$28
All Other Contributions
$827,219
Change in Net Assets
$231,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$251,016
Grants and Similar Amounts Paid$229,068
Other Expenses$118,931
Total Fundraising Expense$47,227
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$229,068--$229,068
Other Salaries and Wages$183,366--$183,366
Travel$42,526--$42,526
Current Officers, Directors, Trustees, and Key Employees-$10,000$30,000$40,000
Fees for Services Other$18,444--$18,444
Payroll Taxes$17,139--$17,139
Advertising--$13,927$13,927
Fees for Services Accounting-$11,676-$11,676
Other Employee Benefits$10,247--$10,247
Occupancy$8,093--$8,093
Office Expenses$8,064--$8,064
Information Technology$2,240-$3,300$5,540
Fees for Service Investment Mgmnt Fees$2,855--$2,855
Insurance$2,453--$2,453
Conferences and Meetings$2,216--$2,216
Depreciation Depletion$1,970--$1,970
Other Expenses$345$373-$345
Pension Plan Contributions$264--$264
Fees for Services Legal$25--$25
Total Functional Expenses$529,315$22,473$47,227$599,015
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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 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
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 A, Line 2

Board member david culver is the brother of jane markey culver. Neither party is a board member as of october 2019.

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

The board will receive the 990 for review before submission.

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

All staff, contractors and board members sign the conflict of interest agreement. If any person is found not in compliance with the agreement: employees are placed on a performance improvement plan, based on the severity of the conflict legal counsel is sought, and immediate separation is taken if need be.

Form 990, Part VI, Section C, Line 19

Form 990s are shared on the women's bakery website. Governing documents and conflict of interest policy are not currently shared publicly.

Filing and Contact Details

Filer

Filer Name
THE WOMEN'S BAKERY INC
EIN
47-4333365
Phone
9182891274
Address
1031 33RD ST NO 243, DENVER, CO 80205

Signing Officer

Name
Jane Markey Culver
Title
Founder/CEO
Phone
9182891274
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Markey Culver
Formed
2015
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
10

Preparer

Firm
Rubinbrown Llp
Address
1900 16TH STREET SUITE 300, DENVER, CO 80202
Preparer
Kimberly a Ryan
Phone
3036981883
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0545191
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0336483
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0314313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0263255
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02286461
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0280
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0727
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0212
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01260
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02479
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03134
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt028
IRS990ScheduleA/OtherIncome170Grp/TotalAmt028
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01707381
IRS990ScheduleA/SubstantialContributorsTotAmt0579080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0827219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0545191
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0336483
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0314313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0263255
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02286461
IRS990ScheduleA/TotalSupportAmt02288968
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06714
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07525
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014239
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06714
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0202797
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROGRAM SERVICES - BAKERY AND SOCIAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE WOMEN'S BAKERY KEEPS ACCOUNTING RECORDS SEPARATELY FOR GRANTS MADE TO RWANDA, WHICH COVER OPERATIONS IN RWANDA.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBER DAVID CULVER IS THE BROTHER OF JANE MARKEY CULVER. NEITHER PARTY IS A BOARD MEMBER AS OF OCTOBER 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL RECEIVE THE 990 FOR REVIEW BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL STAFF, CONTRACTORS AND BOARD MEMBERS SIGN THE CONFLICT OF INTEREST AGREEMENT. IF ANY PERSON IS FOUND NOT IN COMPLIANCE WITH THE AGREEMENT: EMPLOYEES ARE PLACED ON A PERFORMANCE IMPROVEMENT PLAN, BASED ON THE SEVERITY OF THE CONFLICT LEGAL COUNSEL IS SOUGHT, AND IMMEDIATE SEPARATION IS TAKEN IF NEED BE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990S ARE SHARED ON THE WOMEN'S BAKERY WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT CURRENTLY SHARED PUBLICLY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0KG 176 13
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0REMERA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0RW
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/ProvinceOrStateNm0KIGALI
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0RW
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROGRAM SERVICES - BAKERY AND SOCIAL SUPPORT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0THE WOMEN'S BAKERY LTD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt031241
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0211718
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0202797
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE WOMEN'S BAKERY LTD
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0227187
IRS990/TotalAssetsEOYAmt0458833
IRS990/TotalAssetsGrp/BOYAmt0227187
IRS990/TotalAssetsGrp/EOYAmt0458833
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0827219
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt047227
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022473
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0529315
IRS990/TotalFunctionalExpensesGrp/TotalAmt0599015
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0227187
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0458833
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0529315
IRS990/TotalProgramServiceRevenueAmt03134

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