Civic Intelligence

Would-Works Inc

990 • Fiscal year 2023 • EIN 81-1484179

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 13, 2024

407 E Pico Blvd Ste 1003Los Angeles, CA 90015

(323) 356-1319

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.13x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

28th percentile

-9.4%

Higher net margin than 28% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

91st percentile

$46,106

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

13th percentile

-40%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

51%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$46,767

Down $31,416 (-40%) from 2022

Net Assets

Down

$40,631

Down $28,549 (-41%) from 2022

Liabilities

Down

$6,136

Down $2,867 (-32%) from 2022

Revenue

Up

$303,474

Up $102,233 (+51%) from 2022

Expenses

Up

$332,024

Up $55,634 (+20%) from 2022

Net Income

Up

-$28,550

Up $46,599 (+62%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2021: $153,735Liabilities 2021: $9,531Net Assets 2021: $144,2042021Assets 2022: $78,183Liabilities 2022: $9,003Net Assets 2022: $69,1802022Assets 2023: $46,767Liabilities 2023: $6,136Net Assets 2023: $40,6312023Assets 2024: $45,248Liabilities 2024: $61,029Net Assets 2024: -$15,7812024Assets 2025: $45,715Liabilities 2025: $30,413Net Assets 2025: $15,3022025

Highlighted filing

2023

Assets$46,767
Liabilities$6,136
Net Assets$40,631

Operations Trend

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

$400K$200K$0-$200KRevenue 2021: $193,295Expenses 2021: $111,577Net Income 2021: $81,7182021Revenue 2022: $201,241Expenses 2022: $276,390Net Income 2022: -$75,1492022Revenue 2023: $303,474Expenses 2023: $332,024Net Income 2023: -$28,5502023Revenue 2024: $203,244Expenses 2024: $259,655Net Income 2024: -$56,4112024Revenue 2025: $209,065Expenses 2025: $177,982Net Income 2025: $31,0832025

Highlighted filing

2023

Revenue$303,474
Expenses$332,024
Net Income-$28,550
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 13, 2024
Return Version
2023v5.0
Gross Receipts
$303,474
Mission and Program Overview

Mission

At Would Works, we are committed to help youth with barriers to employment to heal, learn new skills, grow their confidence and prepare for their next opportunities, by providing paid, creative, hands-on woodworking training in a supportive community. We envision a future where communities and systems work together to advance human dignity, increasing creative economic opportunities for all and enabling people to thrive in balance with each other. Thus demonstrating that more equitable workforce models are possible.

Would Workss Los Angeles-based social enterprise programs open pathways for folks who face barriers to employment, help to break the cycle of system-dependency, and to empower those who would work if they could through skills-building in the craft of woodworking. Would Works (WW) guides artisans in cohort-based programs as they develop basic woodworking, communication and shop safety skills through paid work, while along the way gaining confidence and exploring paths toward self-sufficiency and new careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$62,131$34,279▼ $27,852
Land, Buildings, and Equipment, Net$14,490$10,925▼ $3,565
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$78,183$46,767▼ $31,416
Other Assets Total$1,562$1,563▲ $1
Liabilities
Accounts Payable and Accrued Expenses$6,236$4,792▼ $1,444
Other Liabilities$2,767$1,344▼ $1,423
Total Liabilities$9,003$6,136▼ $2,867
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$69,180$40,631▼ $28,549
Total Net Assets Fund Balance$69,180$40,631▼ $28,549
Total Liabilities and Net Assets / Fund Balance$78,183$46,767▼ $31,416

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,801$9,371$13,172
Leasehold Improvements$7,124$3,176$10,300
Compensation and Service Providers

Board Members and Trustees

NameTitle
Daniela GersonCo-Chair
Roberto SheinbergCo-Chair
Diane GomezDirector
Donna KirknerDirector
Harold GreeneDirector
Holly KretschmarDirector
Jeri WingoDirector
Nick OffermanDirector
Michele LiuExecutive Director
Connor JohnsonFounder
Stephanie RagleSecretary
Tyler FongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$241,912
Program Service Revenue
$61,562
Investment Income
$0
Other Revenue
$0
All Other Contributions
$118,244
Change in Net Assets
$-28,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$191,470
Other Expenses$140,554
Total Fundraising Expense$25,049
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,427$41,452$11,658$129,537
Current Officers, Directors, Trustees, and Key Employees$27,203$14,754$4,149$46,106
Insurance$21,090$11,438$3,217$35,745
Occupancy$10,676$5,790$1,629$18,095
Payroll Taxes$9,338$5,065$1,424$15,827
Conferences and Meetings$5,312$2,882$810$9,004
Advertising$3,796$2,059$579$6,434
Fees for Services Legal$2,866$1,555$437$4,858
Depreciation Depletion$2,103$1,141$321$3,565
Fees for Services Accounting$1,858$1,008$283$3,149
All Other Expenses$1,023$553$157$1,733
Other Expenses$847$459$129$1,435
Office Expenses$450$244$69$763
Travel$44$24$7$75
Total Functional Expenses$217,911$89,064$25,049$332,024
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$985
Payroll Taxes Payable$359
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Section B, Line 11B

Trustees of the organization receive a review copy of the return and its accompanying schedules for the purpose of conducting their review prior to approval of the filing.

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

The board of directors regularly reviews its confilct of interest policy. Actually and potentially conflicted officers, directors, and trustees recuse themselves from discussion and voting on such matters.

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

Compensation is based on survey of similiarly situated organizations and comparative salary assesments.

Form 990, Part VI, Section C, Line 19

Access to the organization's governing documents, policies, and financial statements is freely granted to interested members of the general public upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Would-Works Inc
EIN
81-1484179
Phone
3233561319
Address
407 E Pico Blvd Ste 1003, Los Angeles, CA 90015

Signing Officer

Name
Michele Liu
Title
Executive Director
Signed
2024-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Sheinberg
Formed
2016
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
10
Employees
19
Volunteers
30

Preparer

Firm
Fortunate Fields Inc
Address
30 N Gould St Ste 27946, Sheridan, WY 82801
Preparer
Dave Yoshida EA
Phone
6192200375
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding Adjustment = $1

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IRS990/Desc0In 2023, Would Works grew our programming to encompass three segments that provided over 6,000 hours of employment and training in woodworking for 18 participants.Our Beginning Builders Program offers folks who face employment barriers and housinginsecurity an opportunity to develop basic woodworking, communication and shop safety skills, gaining confidence and exploring paths toward self-sufficiency and new careers. Our Community Builders Program provided Artisans who completed BBP an opportunity to move into learning advanced woodworking techniques through furniture making and more complex homeware objects.Both these programs run for an average of 6 months each, offered twice a year. This way Artisans can finish BBP and directly begin CBP for a combined full year of paid, hands-on training in a shared studio/ workshop environment with supportive services.WW makes high-quality wood products and is trusted to make products in collaboration with a growing list of partners: LULU, a restaurant at the Hammer Museum, conceived by food activist Alice Waters; Terremoto, a cutting edge landscape architecture design studio; as well as Canadian industry legend, Lee Valley Tools.Some examples of what folks move into after their year with Would Works includes: Luis moving into a construction training program; Taaj landing a sales job; and Valerie experiencing psychological healing from past trauma. A variety of qualitative outcomes is reflected consistently in Artisan feedback, which speaks to the unique value and sense of purpose WWs programs kindle in folks who are in a transitional phase, simultaneously providing structured days and the ABCs of working with tools.Lastly, we started a third program called Peoples Builders Program in the latter half of 2023 in partnership with different nonprofit housing sites around LA County as a way to not only provide free enrichment and skill development workshops, but to also reach folks who may not be plugged into wrap-around services such as employment counseling so that we can share information about our paid training program. Through these pilot workshops, we were able to connect with roughly three dozen individuals in about 6 months. Our hope is to use these workshops as a way to expand our reach and allow us to serve more people in our program each year.In 2024, we are looking to double the number of hours our Artisans work, grow our product line and build connections across the country so that we can expand our programming into other cities.
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