Civic Intelligence

The Tenacity Project Inc.

990 • Fiscal year 2019 • EIN 47-4906828

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 28, 2020

PO Box 2854San Francisco, CA 94126

(510) 506-9623

Siviq Scores

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

Liabilities / Assets

97th percentile

1.54x

Higher debt load relative to assets than 97% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.19x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

89th percentile

$193,917

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

2nd percentile

-49%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-60%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$124,831

Down $120,302 (-49%) from 2018

Net Assets

Down

-$66,919

Down $279,368 (-131%) from 2018

Liabilities

Up

$191,750

Up $159,066 (+487%) from 2018

Revenue

Down

$1,001,946

Down $1,510,929 (-60%) from 2018

Expenses

Down

$1,151,063

Down $1,332,062 (-54%) from 2018

Net Income

Down

-$149,117

Down $178,867 (-601%) from 2018

Historical Trend

Balance Sheet Trend

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

$500K$0-$500KAssets 2016: $149,641Liabilities 2016: $50,111Net Assets 2016: $99,5302016Assets 2017: $188,115Liabilities 2017: $0Net Assets 2017: $188,1152017Assets 2018: $245,133Liabilities 2018: $32,684Net Assets 2018: $212,4492018Assets 2019: $124,831Liabilities 2019: $191,750Net Assets 2019: -$66,9192019Assets 2020: $181,641Liabilities 2020: $473,967Net Assets 2020: -$292,3262020Assets 2021: $249,249Liabilities 2021: $423,895Net Assets 2021: -$174,6462021Assets 2022: $93,245Liabilities 2022: $418,504Net Assets 2022: -$325,2592022Assets 2023: $71,629Liabilities 2023: $361,058Net Assets 2023: -$289,4292023Assets 2024: $17,535Liabilities 2024: $465,654Net Assets 2024: -$448,1192024

Highlighted filing

2019

Assets$124,831
Liabilities$191,750
Net Assets-$66,919

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,718,239Expenses 2016: $2,645,209Net Income 2016: $73,0302016Revenue 2017: $2,952,129Expenses 2017: $2,837,043Net Income 2017: $115,0862017Revenue 2018: $2,512,875Expenses 2018: $2,483,125Net Income 2018: $29,7502018Revenue 2019: $1,001,946Expenses 2019: $1,151,063Net Income 2019: -$149,1172019Revenue 2020: $450,312Expenses 2020: $676,079Net Income 2020: -$225,7672020Revenue 2021: $702,313Expenses 2021: $599,394Net Income 2021: $102,9192021Revenue 2022: $697,823Expenses 2022: $848,436Net Income 2022: -$150,6132022Revenue 2023: $921,515Expenses 2023: $885,685Net Income 2023: $35,8302023Revenue 2024: $976,109Expenses 2024: $1,134,799Net Income 2024: -$158,6902024

Highlighted filing

2019

Revenue$1,001,946
Expenses$1,151,063
Net Income-$149,117
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 28, 2020
Return Version
2019v5.0
Gross Receipts
$1,001,946
Mission and Program Overview

Mission

To empower,educate,and inspire

The Tenacity Project empowers and enriches the lives of young women through competitive sports experiences. The project facilitates access to higher education and crucial life lessons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$108,129$116,180▲ $8,051
Loans From Officers Directors$2,173$26,404▲ $24,231
Accounts Receivable$136,467$4,335▼ $132,132
Prepaid Expenses and Deferred Charges-$3,779-
Other Notes and Loans Receivable, Net$537$537→ $0
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$245,133$124,831▼ $120,302
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$27,209$155,217▲ $128,008
Accounts Payable and Accrued Expenses$3,302$10,129▲ $6,827
Total Liabilities$32,684$191,750▲ $159,066
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,500--
Net Assets Without Donor Restrictions$210,949$-66,919▼ $277,868
Total Net Assets Fund Balance$212,449$-66,919▼ $279,368
Total Liabilities and Net Assets / Fund Balance$245,133$124,831▼ $120,302
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Theresa SherryPresidentFT$191,646$2,271$193,917
Caroline HaggertyNational DirectFT$41,750-$41,750

Board Members and Trustees

NameTitle
Laura MarchettaVice President
Adam BlackDirector
Julie ShackfordDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$205,383
Program Service Revenue
$796,563
Investment Income
$0
Other Revenue
$0
All Other Contributions
$205,383
Change in Net Assets
$-149,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$744,754
Salaries, Compensation, and Employee Benefits$406,309
Total Fundraising Expense$17,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$278,564$14,532-$293,096
Current Officers, Directors, Trustees, and Key Employees$176,750$58,917-$235,667
Other Salaries and Wages$131,673--$131,673
All Other Expenses$76,143$19,032$17,885$113,060
Other Expenses$37,842--$37,842
Payroll Taxes$23,628$4,514-$28,142
Fees for Services Accounting-$25,680-$25,680
Office Expenses$9,985$9,109-$19,094
Other Employee Benefits$7,872$2,955-$10,827
Insurance-$10,268-$10,268
Advertising-$5,485-$5,485
Fees for Services Legal-$4,627-$4,627
Total Functional Expenses$978,059$155,119$17,885$1,151,063
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,173$26,404▲ $24,231
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax return is prepared by an outside tax preparer and is forwarded to the president for review. The president forwards the draft return to all members of the board for their review. Any comments and/or questions are addressed and the tax return is finalized for signature and filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Tenacity Project Inc
EIN
47-4906828
Phone
5105069623
Address
PO Box 2854, San Francisco, CA 94126

Signing Officer

Name
Theresa Sherry
Title
President
Phone
5105069623
Signed
2020-07-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Theresa Sherry
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
27
Volunteers
20

Preparer

Firm
CFO Rick Inc
Address
301 8TH STREET SUITE 250, SAN FRANCISCO, CA 94103
Preparer
Rick Belgarde
Phone
4158210985
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt032399
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00.00000
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02952128
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02718239
IRS990ScheduleA/Total509Grp/TotalAmt09185188
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01001946
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02952128
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02718239
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09185188
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
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Theresa Sherry
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt026404
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt026404
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Theresa Sherry
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS PREPARED BY AN OUTSIDE TAX PREPARER AND IS FORWARDED TO THE PRESIDENT FOR REVIEW. THE PRESIDENT FORWARDS THE DRAFT RETURN TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW. ANY COMMENTS AND/OR QUESTIONS ARE ADDRESSED AND THE TAX RETURN IS FINALIZED FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0978059
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032684
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IRS990/TotalVolunteersCnt020
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IRS990/TravelGrp/ManagementAndGeneralAmt014532
IRS990/TravelGrp/ProgramServicesAmt0278564
IRS990/TravelGrp/TotalAmt0293096
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt027209
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0155217
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 2854
IRS990/USAddress/CityNm0San Francisco
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094126
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0tenacityproject.org

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