Civic Intelligence

Albina Vision Trust Inc

990 • Fiscal year 2021 • EIN 82-3733402

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

PO Box 5124Portland, OR 97208

(503) 809-4805

Siviq Scores

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

Liabilities / Assets

51st percentile

0.08x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

43rd percentile

0.06x

Higher debt load relative to revenue than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

93rd percentile

68%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$116,820

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

900%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

745%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,749,846

Up $1,574,817 (+900%) from 2020

Net Assets

Up

$1,617,002

Up $1,542,821 (+2080%) from 2020

Liabilities

Up

$132,844

Up $31,996 (+32%) from 2020

Revenue

Up

$2,276,354

Up $2,006,974 (+745%) from 2020

Expenses

Up

$731,029

Up $348,358 (+91%) from 2020

Net Income

Up

$1,545,325

Up $1,658,616 (+1464%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2019: $191,928Liabilities 2019: $4,456Net Assets 2019: $187,4722019Assets 2020: $175,029Liabilities 2020: $100,848Net Assets 2020: $74,1812020Assets 2021: $1,749,846Liabilities 2021: $132,844Net Assets 2021: $1,617,0022021Assets 2022: $3,422,640Liabilities 2022: $655,799Net Assets 2022: $2,766,8412022Assets 2023: $7,914,363Liabilities 2023: $1,068,703Net Assets 2023: $6,845,6602023Assets 2024: $37,673,202Liabilities 2024: $416,746Net Assets 2024: $37,256,4562024

Highlighted filing

2021

Assets$1,749,846
Liabilities$132,844
Net Assets$1,617,002

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2019: $208,825Expenses 2019: $32,817Net Income 2019: $176,0082019Revenue 2020: $269,380Expenses 2020: $382,671Net Income 2020: -$113,2912020Revenue 2021: $2,276,354Expenses 2021: $731,029Net Income 2021: $1,545,3252021Revenue 2022: $1,693,005Expenses 2022: $543,166Net Income 2022: $1,149,8392022Revenue 2023: $4,875,890Expenses 2023: $797,071Net Income 2023: $4,078,8192023Revenue 2024: $31,924,619Expenses 2024: $1,513,823Net Income 2024: $30,410,7962024

Highlighted filing

2021

Revenue$2,276,354
Expenses$731,029
Net Income$1,545,325
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 12, 2022
Return Version
2021v4.0
Gross Receipts
$2,276,354
Mission and Program Overview

Mission

Albina vision trust, inc (avt) is facilitating the reinvention of 94 acres in portland's albina area, from which thousands of primarily african american residents were idsplaced over decades of urban renewal. Avt's mission is to spur the creation of an innovative and remarkable place that is diverse, inclusive, affordable, and accessible. Avt is committed to healing past harm, amplifying underrepresented voices and setting a precedent for innovative community renewal.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$164,718$1,618,362▲ $1,453,644
Accounts Receivable$9,525$131,484▲ $121,959
Prepaid Expenses and Deferred Charges$786--
Total Assets$175,029$1,749,846▲ $1,574,817
Liabilities
Accounts Payable and Accrued Expenses$100,848$132,844▲ $31,996
Total Liabilities$100,848$132,844▲ $31,996
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,181$861,492▲ $787,311
Net Assets With Donor Restrictions-$755,510-
Total Net Assets Fund Balance$74,181$1,617,002▲ $1,542,821
Total Liabilities and Net Assets / Fund Balance$175,029$1,749,846▲ $1,574,817
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Winta YohannesExecutive DiFT$116,820$116,820

Board Members and Trustees

NameTitle
Rukaiyah AdamsChairperson
Tom CodyAt Large
Zari SantnerAt Large
Michael AlexanderSecretary
Gregg KantorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,273,025
Program Service Revenue
$0
Investment Income
$679
Other Revenue
$2,650
All Other Contributions
$1,935,025
Change in Net Assets
$1,545,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$563,568
Salaries, Compensation, and Employee Benefits$167,461
Total Fundraising Expense$78,653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$59,874$38,523$18,423$116,820
All Other Expenses$51,736$22,519$28,689$102,944
Other Salaries and Wages-$29,167-$29,167
Other Expenses$25,606$2,959$18,733$25,606
Payroll Taxes$5,550$3,285$4,889$13,724
Other Employee Benefits$3,900$900$2,950$7,750
Fees for Services Accounting-$7,299-$7,299
Advertising--$3,193$3,193
Occupancy-$2,972-$2,972
Office Expenses-$211$1,303$1,514
Insurance$626$145$471$1,242
Interest-$30$2$32
Total Functional Expenses$544,366$108,010$78,653$731,029
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Page 6, Part VI, Line 11B

The board of directors reviews and approves the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 12C

Albina vision trust requires all board members to annually disclose their business involvement with albina vision trust, if any. They also require that transactions benefitting a board member must be approved unanamiously, excluding the benefitted board member.

Form 990, Page 6, Part VI, Line 15A

The compensation of ceo's, executive directors, and top management in the area is reviewed and reported to the board to determine and approve salary increases.

Form 990, Page 6, Part VI, Line 15B

The board approves the budget which includes salary increases for all staff including the executive director.

Form 990, Page 6, Part VI, Line 19

Albina vision trust makes its governing documents and financial statements avialable upon request.

Filing and Contact Details

Filer

Filer Name
Albina Vision Trust Inc
EIN
82-3733402
Address
PO BOX 5124, PORTLAND, OR 97208

Signing Officer

Name
Winta Yohannes
Title
Executive Director
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Winta Yohannes
Formed
2017
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
11

Preparer

Firm
Fred L Carter CPA
Address
2300 SW FIRST AVE STE 100, PORTLAND, OR 97201
Preparer
Fred L Carter CPA
Phone
5033517250
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Albina vision trust, inc (avt) is facilitating the reinvention of 94 acres in portland's albina area, from which thousands of primarily african american residents were idsplaced over decades of urban renewal. Avt's mission is to spur the creation of an innovative and remarkable place that is diverse, inclusive, affordable, and accessible. Avt is committed to healing past harm, amplifying underrepresented voices and setting a precedent for innovative community renewal.

Form 990, Part IX, Line 24E

Communication management 22,130 0 0 operations support 0 6,939 14,330 arts & community events 19,920 0 0 development & fundraising 0 0 14,174 center for black excellen 9,490 0 0 dues & subscriptions 0 6,745 0 strategic planning 0 2,992 0 telephone & internet 0 1,463 0 bad debt 0 1,250 0 small tools & equipment 0 999 0 bank charges 0 836 0 miscellaneous expenses 0 610 0 workers comp 196 45 147 licenses & permits 0 257 0 business meals 0 207 0 general supplies 0 176 0 mileage 0 0 38 total 51,736 22,519 28,689

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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/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt02500
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt02500
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt033664
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt019134
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt052798
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0134654
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt076534
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0211188
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt07500
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt05000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt012500
IRS990ScheduleC/GrassrootsCeilingAmt079197
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt033664
IRS990ScheduleC/LobbyingCeilingAmt0316782
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0134654
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0723529
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0VERY MINIMAL LOBBYING ACTIVITIES FOR 2017, 2018, AND 2019.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-A
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt05000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0731029
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt02500
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt07500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALBINA VISION TRUST, INC (AVT) IS FACILITATING THE REINVENTION OF 94 ACRES IN PORTLAND'S ALBINA AREA, FROM WHICH THOUSANDS OF PRIMARILY AFRICAN AMERICAN RESIDENTS WERE IDSPLACED OVER DECADES OF URBAN RENEWAL. AVT'S MISSION IS TO SPUR THE CREATION OF AN INNOVATIVE AND REMARKABLE PLACE THAT IS DIVERSE, INCLUSIVE, AFFORDABLE, AND ACCESSIBLE. AVT IS COMMITTED TO HEALING PAST HARM, AMPLIFYING UNDERREPRESENTED VOICES AND SETTING A PRECEDENT FOR INNOVATIVE COMMUNITY RENEWAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALBINA VISION TRUST REQUIRES ALL BOARD MEMBERS TO ANNUALLY DISCLOSE THEIR BUSINESS INVOLVEMENT WITH ALBINA VISION TRUST, IF ANY. THEY ALSO REQUIRE THAT TRANSACTIONS BENEFITTING A BOARD MEMBER MUST BE APPROVED UNANAMIOUSLY, EXCLUDING THE BENEFITTED BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMPENSATION OF CEO'S, EXECUTIVE DIRECTORS, AND TOP MANAGEMENT IN THE AREA IS REVIEWED AND REPORTED TO THE BOARD TO DETERMINE AND APPROVE SALARY INCREASES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD APPROVES THE BUDGET WHICH INCLUDES SALARY INCREASES FOR ALL STAFF INCLUDING THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALBINA VISION TRUST MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVIALABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMMUNICATION MANAGEMENT 22,130 0 0 OPERATIONS SUPPORT 0 6,939 14,330 ARTS & COMMUNITY EVENTS 19,920 0 0 DEVELOPMENT & FUNDRAISING 0 0 14,174 CENTER FOR BLACK EXCELLEN 9,490 0 0 DUES & SUBSCRIPTIONS 0 6,745 0 STRATEGIC PLANNING 0 2,992 0 TELEPHONE & INTERNET 0 1,463 0 BAD DEBT 0 1,250 0 SMALL TOOLS & EQUIPMENT 0 999 0 BANK CHARGES 0 836 0 MISCELLANEOUS EXPENSES 0 610 0 WORKERS COMP 196 45 147 LICENSES & PERMITS 0 257 0 BUSINESS MEALS 0 207 0 GENERAL SUPPLIES 0 176 0 MILEAGE 0 0 38 TOTAL 51,736 22,519 28,689
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01749846
IRS990/TotalAssetsGrp/BOYAmt0175029
IRS990/TotalAssetsGrp/EOYAmt01749846
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IRS990/TotalContributionsAmt02273025
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt078653
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0108010
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0544366
IRS990/TotalFunctionalExpensesGrp/TotalAmt0731029
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100848
IRS990/TotalLiabilitiesEOYAmt0132844
IRS990/TotalLiabilitiesGrp/BOYAmt0100848
IRS990/TotalLiabilitiesGrp/EOYAmt0132844
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074181
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01617002
IRS990/TotalProgramServiceExpensesAmt0544366
IRS990/TotalReportableCompFromOrgAmt0116820
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02276354
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0175029
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01749846
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5124
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097208
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.ALBINAVISION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WINTA YOHANNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBINA VISION TRUST INC
ReturnHeader/Filer/BusinessNameControlTxt0ALBI
ReturnHeader/Filer/EIN0823733402
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5124
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097208
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRED L CARTER CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02300 SW FIRST AVE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097201
ReturnHeader/PreparerPersonGrp/PhoneNum05033517250
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRED L CARTER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-13T23:04:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WINTA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YOHANNES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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