Civic Intelligence

Sovrin Foundation

990 • Fiscal year 2019 • EIN 81-3702995

Jan 01, 2019 to Dec 31, 2019

Salt Lake Cty, UT
Siviq Scores

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

Liabilities / Assets

100th percentile

5.06x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.45x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Net Margin

2nd percentile

-155%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

2nd percentile

-46%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$441,627

Down $375,844 (-46%) from 2018

Net Assets

Down

-$1,794,395

Down $2,356,768 (-419%) from 2018

Liabilities

Up

$2,236,022

Up $1,980,924 (+777%) from 2018

Revenue

Down

$1,544,691

Down $1,411,441 (-48%) from 2018

Expenses

Up

$3,931,459

Up $1,362,212 (+53%) from 2018

Net Income

Down

-$2,386,768

Down $2,773,653 (-717%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2017: $175,488Liabilities 2017: $0Net Assets 2017: $175,4882017Assets 2018: $817,471Liabilities 2018: $255,098Net Assets 2018: $562,3732018Assets 2019: $441,627Liabilities 2019: $2,236,022Net Assets 2019: -$1,794,3952019Assets 2020: $60,001Liabilities 2020: $2,073,752Net Assets 2020: -$2,013,7512020Assets 2021: $29,914Liabilities 2021: $2,086,443Net Assets 2021: -$2,056,5292021Assets 2022: $62,436Liabilities 2022: $2,104,584Net Assets 2022: -$2,042,1482022Assets 2023: $98,745Liabilities 2023: $2,130,722Net Assets 2023: -$2,031,9772023Assets 2024: $35,242Liabilities 2024: $2,154,819Net Assets 2024: -$2,119,5772024

Highlighted filing

2019

Assets$441,627
Liabilities$2,236,022
Net Assets-$1,794,395

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2017: $323,700Expenses 2017: $168,292Net Income 2017: $155,4082017Revenue 2018: $2,956,132Expenses 2018: $2,569,247Net Income 2018: $386,8852018Revenue 2019: $1,544,691Expenses 2019: $3,931,459Net Income 2019: -$2,386,7682019Revenue 2020: $777,269Expenses 2020: $967,632Net Income 2020: -$190,3632020Revenue 2021: $90,718Expenses 2021: $133,497Net Income 2021: -$42,7792021Revenue 2022: $120,238Expenses 2022: $105,857Net Income 2022: $14,3812022Revenue 2023: $93,574Expenses 2023: $83,403Net Income 2023: $10,1712023Revenue 2024: $22,424Expenses 2024: $109,927Net Income 2024: -$87,5032024

Highlighted filing

2019

Revenue$1,544,691
Expenses$3,931,459
Net Income-$2,386,768
Filing Detail Status

This 2019 filing currently has summary financial data only. Detailed schedules, leadership, and program rows are not available for this filing yet.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Mission and Program Overview

Mission

The purpose of the foundation (Sovrin) is to provide a global public utility for self-sovereign (i.e. user controlled) internet identity that streamlines interactions and enables stronger levels of trust among all individuals, organizations and things.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings