Civic Intelligence

Solace International Inc

990 • Fiscal year 2014 • EIN 81-0622816

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 17, 2015

2104 Lincoln AvenueAnchorage, AK 99517

(907) 248-1016

Siviq Scores

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

Liabilities / Assets

97th percentile

2.02x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

66th percentile

0.02x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

35th percentile

-2.4%

Higher net margin than 35% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$54,167

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 19.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

3rd percentile

-82%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

-1.9%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$2,124

Down $9,810 (-82%) from 2013

Net Assets

Up

-$2,168

Up $2,405 (+53%) from 2013

Liabilities

Down

$4,292

Down $12,215 (-74%) from 2013

Revenue

Down

$281,998

Down $5,418 (-1.9%) from 2013

Expenses

Down

$288,844

Down $69,939 (-19%) from 2013

Net Income

Up

-$6,846

Up $64,521 (+90%) from 2013

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2010: $27,550Liabilities 2010: $168Net Assets 2010: $27,3822010Assets 2011: $36,298Liabilities 2011: $3,697Net Assets 2011: $32,6012011Assets 2012: $76,647Liabilities 2012: $9,853Net Assets 2012: $66,7942012Assets 2013: $11,934Liabilities 2013: $16,507Net Assets 2013: -$4,5732013Assets 2014: $2,124Liabilities 2014: $4,292Net Assets 2014: -$2,1682014Assets 2015: $12,857Liabilities 2015: $1,276Net Assets 2015: $11,5812015Assets 2016: $12,857Liabilities 2016: $1,276Net Assets 2016: $11,5812016Assets 2017: $9,398Liabilities 2017: $0Net Assets 2017: $9,3982017Assets 2018: $7,283Liabilities 2018: $02018Assets 2019: $13,282Liabilities 2019: $3772019

Highlighted filing

2014

Assets$2,124
Liabilities$4,292
Net Assets-$2,168

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $428,6462010Revenue 2011: $547,944Expenses 2011: $542,725Net Income 2011: $5,2192011Expenses 2012: $336,4622012Revenue 2013: $287,416Expenses 2013: $358,783Net Income 2013: -$71,3672013Revenue 2014: $281,998Expenses 2014: $288,844Net Income 2014: -$6,8462014Revenue 2015: $229,985Expenses 2015: $216,236Net Income 2015: $13,7492015Revenue 2016: $140,111Expenses 2016: $137,450Net Income 2016: $2,6612016Revenue 2017: $115,688Expenses 2017: $118,643Net Income 2017: -$2,9552017Revenue 2018: $113,288Expenses 2018: $115,008Net Income 2018: -$1,7202018Revenue 2019: $104,773Expenses 2019: $99,151Net Income 2019: $5,6222019

Highlighted filing

2014

Revenue$281,998
Expenses$288,844
Net Income-$6,846
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$281,998
Mission and Program Overview

Mission

To integrate education, healthcare, agriculture, and economic opportunity at the community level in developing countries with the goal that projects become self-sustainable, and a source for future local business and community leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,184$2,124▼ $19,060
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$21,184$2,124▼ $19,060
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$16,506$4,292▼ $12,214
Total Liabilities$16,506$4,292▼ $12,214
Net Assets / Fund Balance
Unrestricted Net Assets$4,678$-2,168▼ $6,846
Total Net Assets Fund Balance$4,678$-2,168▼ $6,846
Total Liabilities and Net Assets / Fund Balance$21,184$2,124▼ $19,060

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$1,935$1,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nathaniel YorkExecutive DirecFT$54,167$54,167

Board Members and Trustees

NameTitle
Chet HarrisPresident
Robert deLuciaVice President
Scott AnayaDirector
Michelle D WinstonProgram Director
Lachhin GurungProject Manager
Karl PaschSecretary
Scott GriffithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,909
Program Service Revenue
$42,047
Investment Income
$42
Other Revenue
$0
All Other Contributions
$239,909
Change in Net Assets
$-6,846
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,428
Salaries, Compensation, and Employee Benefits$107,416
Total Fundraising Expense$870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,861$15,706-$102,567
Other Employee Benefits-$4,849-$4,849
Fees for Services Accounting-$2,500-$2,500
Office Expenses-$613-$613
Other Expenses$175,243$371$870$371
All Other Expenses-$224-$224
Travel-$91-$91
Total Functional Expenses$262,104$25,870$870$288,844
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
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

Annual meeting held to do strategic planning, approve projects, review Ed performance and salary; regular reports filed by E.D. to Board and regular project updates posted to website.

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

Reviewed by Board of Directors and Executive Staff.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Any business before the board that may involve a conflict or perception of conflict is identified and any board member so involved abstains from voting on the matter.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Annual performance review conducted of E.D. Compensation reviewed and approved by full board.

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

All governing docs, policies and financial statements are available for public review upon request.

Filing and Contact Details

Filer

Filer Name
Solace International Inc
EIN
81-0622816
Phone
9072481016
Address
2104 Lincoln Avenue, Anchorage, AK 99517

Signing Officer

Name
Chet Harris
Title
President
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Ak
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
40

Preparer

Firm
Lila Vogt
Address
2104 Lincoln, Anchorage, AK 99517-3021
Preparer
Lila Vogt
Phone
9072481016
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: In 2013, Solace responded to the refugee crisis in Lebanon with an estimated 1 million Syrian refugees, many whom are living with no heat, no water or beds, crammed into uncomfortable housing. Lebanon has chosen not to set up refugee camps, so the refugees are living in substandard housing, wherever they can find shelter. Most are in a total state of confusion, schock and truama. Many of the refugees are women and children, having lost their fathers, sons, brothers in war torn Syria, from where they have fled for their lives. Solace continued setting up schools for some of the refugee children with a hot lunch program. OTHER PROGRAM SERVICES 5: Solace partnered with the Kevin Rohan Memorial Eco Foundation to provide chickens for the biodynamic farm in Kathmandu, Nepal. This sustainable community is an eco village for the urban poor built on a former wasteland that feeds over 800 daily, a school, a water purification system that supplies over 60,000 gallons of purified water daily to several villages, a hospital and a recycling center that combines waste paper and sawdust to make heating briquettes. Homes are built from recycled glass bottles and cement. OTHER PROGRAM SERVICES 6: Organic farm demonstration project located in Lake Worth, Florida. The farm serves several purposes; a open to the public farm that teaches about permaculture, sustainability and organic farming. The Solace farm serves as a model farm for sustainable organic agriculture that can be developed in the USA or abroad. All of the lessons learned abroad in our various projects are being utilized from water conservation to companion planting to permaculture.Many volunteers are working at the farm on a weekly basis, including high school students and other community members. Produce is donated to various local organizations such as food banks and other organizations serving the poor. OTHER PROGRAM SERVICES 7: Columbia Cottage Industry. Solace continues to work with the women of Cali to produce recycled, fair wage products. We provide them with the designs, materials, volunteers and market. The project is almost self sustaining at this point.

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

Board is in process of instituting policy for financial statement oversight.

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IRS990/ProgSrvcAccomActy2Grp/Desc0In 2013, Solace responded to the refugee crisis in Lebanon with an estimated 1 million Syrian refugees, many whom are living with no heat, no water or beds, crammed into uncomfortable housing. Lebanon has chosen not to set up refugee camps, so the refugees are living in substandard housing, wherever they can find shelter. Most are in a total state of confusion, schock and truama. Many of the refugees are women and children, having lost their fathers, sons, brothers in war torn Syria, from where they have fled for their lives. Solace continued setting up schools for some of the refugee children with a hot lunch program.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Nepal: As part of Solace's commitment to women, fair wage and the use of recycled materials we created a line of products using rubber from recycled tires, used snack chip wrappers and used rice bags. As this was a totally new product in the market place we spent over 1 year training women and families, working on designs, making samples, testing the market, purchasing materials, getting production online and shipping products to market both in Nepal and the USA. We also opened a shop in Kathmandu which served not only as a retail outlet for these fair wage recycled products but also provided a training facility for construction of samples in house and training facility for beaded and woven jewelry craft and practical instruction in international sales, marketing and packaging. Furthermore the shop provides a way for us to understand the local and expatriate market and therefore refine our designs for the wholesale export market.Ongoing support for this cottage industry.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: In 2013, Solace responded to the refugee crisis in Lebanon with an estimated 1 million Syrian refugees, many whom are living with no heat, no water or beds, crammed into uncomfortable housing. Lebanon has chosen not to set up refugee camps, so the refugees are living in substandard housing, wherever they can find shelter. Most are in a total state of confusion, schock and truama. Many of the refugees are women and children, having lost their fathers, sons, brothers in war torn Syria, from where they have fled for their lives. Solace continued setting up schools for some of the refugee children with a hot lunch program. OTHER PROGRAM SERVICES 5: Solace partnered with the Kevin Rohan Memorial Eco Foundation to provide chickens for the biodynamic farm in Kathmandu, Nepal. This sustainable community is an eco village for the urban poor built on a former wasteland that feeds over 800 daily, a school, a water purification system that supplies over 60,000 gallons of purified water daily to several villages, a hospital and a recycling center that combines waste paper and sawdust to make heating briquettes. Homes are built from recycled glass bottles and cement. OTHER PROGRAM SERVICES 6: Organic farm demonstration project located in Lake Worth, Florida. The farm serves several purposes; a open to the public farm that teaches about permaculture, sustainability and organic farming. The Solace farm serves as a model farm for sustainable organic agriculture that can be developed in the USA or abroad. All of the lessons learned abroad in our various projects are being utilized from water conservation to companion planting to permaculture.Many volunteers are working at the farm on a weekly basis, including high school students and other community members. Produce is donated to various local organizations such as food banks and other organizations serving the poor. OTHER PROGRAM SERVICES 7: Columbia Cottage Industry. Solace continues to work with the women of Cali to produce recycled, fair wage products. We provide them with the designs, materials, volunteers and market. The project is almost self sustaining at this point.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Annual meeting held to do strategic planning, approve projects, review Ed performance and salary; regular reports filed by E.D. to Board and regular project updates posted to website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reviewed by Board of Directors and Executive Staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Any business before the board that may involve a conflict or perception of conflict is identified and any board member so involved abstains from voting on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Annual performance review conducted of E.D. Compensation reviewed and approved by full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All governing docs, policies and financial statements are available for public review upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Board is in process of instituting policy for financial statement oversight.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2: Change of Oversight or Selection Process
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