Civic Intelligence

Aire Ventures Inc.

990 • Fiscal year 2020 • EIN 81-4117606

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileWWW.AIREVENTURES.ORG
1951 NW 7th Ave Suite 160-113Miami, FL 33136

(305) 981-6875

Siviq Scores

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

Liabilities / Assets

54th percentile

0.07x

Higher debt load relative to assets than 54% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.11x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

9th percentile

-41%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$135,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

44%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$875,889

Down $205,061 (-19%) from 2019

Net Assets

Down

$816,371

Down $232,182 (-22%) from 2019

Liabilities

Up

$59,518

Up $27,121 (+84%) from 2019

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin9th percentile

Revenue

Up

$540,622

Up $165,017 (+44%) from 2019

Expenses

Up

$762,804

Up $90,701 (+13%) from 2019

Net Income

Up

-$222,182

Up $74,316 (+25%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

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

$3.0M$2.0M$1.0M$0Assets 2017: $43,580Liabilities 2017: $1,349Net Assets 2017: $42,2312017Assets 2018: $1,357,451Liabilities 2018: $12,400Net Assets 2018: $1,345,0512018Assets 2019: $1,080,950Liabilities 2019: $32,397Net Assets 2019: $1,048,5532019Assets 2020: $875,889Liabilities 2020: $59,518Net Assets 2020: $816,3712020Assets 2021: $2,047,559Liabilities 2021: $71,384Net Assets 2021: $1,976,1752021Assets 2022: $1,443,227Liabilities 2022: $426,295Net Assets 2022: $1,016,9322022Assets 2023: $1,011,501Liabilities 2023: $203,819Net Assets 2023: $807,6822023Assets 2024: $795,300Liabilities 2024: $182,735Net Assets 2024: $612,5652024

Highlighted filing

2020

Assets$875,889
Liabilities$59,518
Net Assets$816,371
Open 2020 Filing

Operations Trend

Revenue Growth84th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2017: $301,348Expenses 2017: $259,117Net Income 2017: $42,2312017Revenue 2018: $1,677,461Expenses 2018: $369,455Net Income 2018: $1,308,0062018Revenue 2019: $375,605Expenses 2019: $672,103Net Income 2019: -$296,4982019Revenue 2020: $540,622Expenses 2020: $762,804Net Income 2020: -$222,1822020Revenue 2021: $1,912,559Expenses 2021: $752,755Net Income 2021: $1,159,8042021Revenue 2022: $137,078Expenses 2022: $1,096,321Net Income 2022: -$959,2432022Revenue 2023: $764,399Expenses 2023: $973,649Net Income 2023: -$209,2502023Revenue 2024: $672,346Expenses 2024: $867,463Net Income 2024: -$195,1172024

Highlighted filing

2020

Revenue$540,622
Expenses$762,804
Net Income-$222,182
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$540,622
Mission and Program Overview

Mission

To bridge systemic gaps in access, opportunity, and racial equity by scaling innovation and technology solutions to them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$618,688$609,517▼ $9,171
Pledges and Grants Receivable$453,000$253,001▼ $199,999
Prepaid Expenses and Deferred Charges$4,347$8,477▲ $4,130
Land, Buildings, and Equipment, Net$4,915$4,894▼ $21
Total Assets$1,080,950$875,889▼ $205,061
Liabilities
Accounts Payable and Accrued Expenses$32,397$59,518▲ $27,121
Total Liabilities$32,397$59,518▲ $27,121
Net Assets / Fund Balance
Net Assets With Donor Restrictions$396,276$472,046▲ $75,770
Net Assets Without Donor Restrictions$652,277$344,325▼ $307,952
Total Net Assets Fund Balance$1,048,553$816,371▼ $232,182
Total Liabilities and Net Assets / Fund Balance$1,080,950$875,889▼ $205,061

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,894$4,256$9,150
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Leigh-ann BuchananPresident & Executive DirectorFT$135,000$135,000

Board Members and Trustees

NameTitle
Monique HayesChairman
Lucas HernandezDirector
Pilar Guzman-zavalaDirector
Travis SheridanDirector
Uhriel BedoyaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$540,622
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$477,023
Change in Net Assets
$-222,182
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$476,471
Other Expenses$286,333
Total Fundraising Expense$5,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$247,707--$247,707
Current Officers, Directors, Trustees, and Key Employees$125,798$6,573$2,629$135,000
Other Employee Benefits$62,954$1,108$443$64,505
Fees for Services Other$34,721$13,593$48$48,362
Payments to Affiliates$40,501$2,250$2,250$45,001
Office Expenses$2,967$33,439-$36,406
Payroll Taxes$28,555$503$201$29,259
Information Technology$10,626$7,805-$18,431
Insurance-$6,832-$6,832
Travel$5,640$73$20$5,733
Depreciation Depletion$1,763$1,052-$2,815
Other Expenses$7,904$1,705-$1,705
Total Functional Expenses$680,805$76,408$5,591$762,804
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“Draft of form 990 was distributed via email with a comment period available before filing.”

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

“Quarterly conflict of interest policy review and disclosure solicitiations are circulated to the above referenced parties for completion.”

Form 990, Part VI, Section B, Line 15

“(1) the board convenes an independent compensation subcommittee, not including the person receiving the compensation to conduct a comparability review comprised of an evaluation of comparable salary and benefits data, including but not limited to such as data available from salary and benefit surveys, to learn what nonprofit employers with similar missions, and of a similar budget size, that are located in the same, or a similar geographic region, pay their senior leaders. (2) the board compensation committee documents who was involved, confirms the respective independence of each member thereof, the process used to conduct the review, as well as the disposition of the full board's decision to approve the executive director's compensation. (3) said documentation demonstrates that the board took the comparable data into consideration when it approved the compensation.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Aire Ventures Inc
EIN
81-4117606
Phone
3059816875
Address
1951 NW 7TH AVE SUITE 160-113, MIAMI, FL 33136

Signing Officer

Name
Leigh-ann Buchanan
Title
President & Executive Director
Phone
3059816875
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leigh-ann Buchanan
Formed
2016
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
25

Preparer

Firm
Hancock Askew & Co Llp
Address
325 ALMERIA AVENUE, CORAL GABLES, FL 33134
Preparer
Patricia M Siles
Phone
3056977365
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Bad debt expense -10,000.”

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt04894
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09150
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04894
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT OF FORM 990 WAS DISTRIBUTED VIA EMAIL WITH A COMMENT PERIOD AVAILABLE BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1QUARTERLY CONFLICT OF INTEREST POLICY REVIEW AND DISCLOSURE SOLICITIATIONS ARE CIRCULATED TO THE ABOVE REFERENCED PARTIES FOR COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2(1) THE BOARD CONVENES AN INDEPENDENT COMPENSATION SUBCOMMITTEE, NOT INCLUDING THE PERSON RECEIVING THE COMPENSATION TO CONDUCT A COMPARABILITY REVIEW COMPRISED OF AN EVALUATION OF COMPARABLE SALARY AND BENEFITS DATA, INCLUDING BUT NOT LIMITED TO SUCH AS DATA AVAILABLE FROM SALARY AND BENEFIT SURVEYS, TO LEARN WHAT NONPROFIT EMPLOYERS WITH SIMILAR MISSIONS, AND OF A SIMILAR BUDGET SIZE, THAT ARE LOCATED IN THE SAME, OR A SIMILAR GEOGRAPHIC REGION, PAY THEIR SENIOR LEADERS. (2) THE BOARD COMPENSATION COMMITTEE DOCUMENTS WHO WAS INVOLVED, CONFIRMS THE RESPECTIVE INDEPENDENCE OF EACH MEMBER THEREOF, THE PROCESS USED TO CONDUCT THE REVIEW, AS WELL AS THE DISPOSITION OF THE FULL BOARD'S DECISION TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION. (3) SAID DOCUMENTATION DEMONSTRATES THAT THE BOARD TOOK THE COMPARABLE DATA INTO CONSIDERATION WHEN IT APPROVED THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BAD DEBT EXPENSE -10,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsGrp/BOYAmt01080950
IRS990/TotalAssetsGrp/EOYAmt0875889
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0540622
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05591
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0680805
IRS990/TotalFunctionalExpensesGrp/TotalAmt0762804
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032397
IRS990/TotalLiabilitiesEOYAmt059518
IRS990/TotalLiabilitiesGrp/BOYAmt032397
IRS990/TotalLiabilitiesGrp/EOYAmt059518
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01048553
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0816371
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0680805
IRS990/TotalReportableCompFromOrgAmt0135000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0540622
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01080950
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0875889
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt020
IRS990/TravelGrp/ManagementAndGeneralAmt073
IRS990/TravelGrp/ProgramServicesAmt05640
IRS990/TravelGrp/TotalAmt05733
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01951 NW 7TH AVE SUITE 160-113
IRS990/USAddress/CityNm0MIAMI
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033136
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.AIREVENTURES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LEIGH-ANN BUCHANAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03059816875
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AIRE VENTURES INC
ReturnHeader/Filer/BusinessNameControlTxt0AIRE
ReturnHeader/Filer/EIN0814117606
ReturnHeader/Filer/PhoneNum03059816875
ReturnHeader/Filer/USAddress/AddressLine1Txt01951 NW 7TH AVE SUITE 160-113
ReturnHeader/Filer/USAddress/CityNm0MIAMI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033136
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580662558
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HANCOCK ASKEW & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0325 ALMERIA AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CORAL GABLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033134
ReturnHeader/PreparerPersonGrp/PhoneNum03056977365
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICIA M SILES
ReturnHeader/ReturnTs02021-11-15T16:45:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LEIGH-ANN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUCHANAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$875,889
Liabilities
$59,518
Net assets
$816,371
Revenue
$540,622
Expenses
$762,804
Net income
-$222,182
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.18$0.61$0.67$0.87$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.20$0.81$0.76$0.97$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.43$1.02$0.14$1.10$0.96
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.07$1.98$1.91$0.75$1.16
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.06$0.82$0.54$0.76$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.03$1.05$0.38$0.67$0.30
2018Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$1.68$0.37$1.31
2017Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.30$0.26$0.04