Civic Intelligence

Veritas Impact Partners

990 • Fiscal year 2019 • EIN 83-1734762

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

21750 Hardy Oak Blvd 104-28567San Antonio, TX 78258

(619) 520-8347

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

59th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

94th percentile

60%

Higher net margin than 94% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$96,563

No earlier filing loaded for comparison.

Net Assets

$95,999

No earlier filing loaded for comparison.

Liabilities

$564

No earlier filing loaded for comparison.

Revenue

$262,413

No earlier filing loaded for comparison.

Expenses

$103,914

No earlier filing loaded for comparison.

Net Income

$158,499

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2019: $96,563Liabilities 2019: $564Net Assets 2019: $95,9992019Assets 2020: $186,817Liabilities 2020: $6,904Net Assets 2020: $179,9132020Assets 2021: $100,528Liabilities 2021: $5,691Net Assets 2021: $94,8372021Assets 2022: $357,147Liabilities 2022: $5,736Net Assets 2022: $351,4112022Assets 2023: $211,113Liabilities 2023: $40,889Net Assets 2023: $170,2242023Assets 2024: $293,856Liabilities 2024: $80,359Net Assets 2024: $213,4972024

Highlighted filing

2019

Assets$96,563
Liabilities$564
Net Assets$95,999

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $262,413Expenses 2019: $103,914Net Income 2019: $158,4992019Revenue 2020: $373,145Expenses 2020: $289,231Net Income 2020: $83,9142020Revenue 2021: $326,356Expenses 2021: $411,432Net Income 2021: -$85,0762021Revenue 2022: $1,158,706Expenses 2022: $902,132Net Income 2022: $256,5742022Revenue 2023: $1,024,438Expenses 2023: $1,103,828Net Income 2023: -$79,3902023Revenue 2024: $784,579Expenses 2024: $762,180Net Income 2024: $22,3992024

Highlighted filing

2019

Revenue$262,413
Expenses$103,914
Net Income$158,499
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$262,413
Mission and Program Overview

Mission

Veritas Impact Partners was formed to carry out its mission of providing supportive services and upward mobility. It delivers better health and wellness outcomes and opportunities to low-income and moderate-income individuals and families across the United States. This mission is achieved by fostering social services and resident programs in multifamily residential developments located in low-income and moderate-income communities.

Provides social services and resident programs to low to moderate-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$96,563-
Total Assets$0$96,563▲ $96,563
Liabilities
Other Liabilities$62,500$0▼ $62,500
Accounts Payable and Accrued Expenses-$564-
Total Liabilities$62,500$564▼ $61,936
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-62,500$95,999▲ $158,499
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-62,500$95,999▲ $158,499
Total Liabilities and Net Assets / Fund Balance$0$96,563▲ $96,563
Compensation and Service Providers

Board Members and Trustees

NameTitle
Juan Antonio MarquezBoard Chair, Co-chair
Jp NewmanBoard Member, Co-chair
Anthony TarterBoard Member, Vice Chair
Pamela LopezBoard Member
Robert HannaBoard Member, CEO
Tracy ThompsonBoard Member, Secretary
Rachel MarquezBoard Member, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$262,413
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$262,413
Change in Net Assets
$158,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,914
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$46,061$46,061-$92,122
Fees for Services Accounting-$5,789-$5,789
Fees for Services Legal-$4,943-$4,943
Other Expenses-$1,060-$1,060
Total Functional Expenses$46,061$57,853$0$103,914
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 A, Line 1

The board of directors may appoint an executive committee of the board of directors consisting of not less than two members of the board of directors to recommend action to the board of directors and carry out and implement any instructions or any policies, plans, and programs theretofore approved, authorized, and adopted by the board of directors. Unless otherwise expressly delegated by the board of directors, and except to the extent otherwise provided by applicable law, the executive committee shall have and may exercise the authority and powers of the board of directors in the affairs of the corporation.

Form 990, Part VI, Section A, Line 2

Juan antonio marquez , jp newman, and rachel marquez have a business relationship. Juan antonio marquez and rachel marquez have a family relationship. Pamela lopez, juan antonio marquez, and rachel marquez have a family relationship.

Form 990, Part VI, Section A, Line 4

During the year covered by the return, the organization updated its bylaws to add the position of co-chairman.

Form 990, Part VI, Section B, Line 11B

The form 990 will be not be reviewed by the board of directors before it is filed with the irs.

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

The organization's conflict of interest policy covers directors, principal officers and members of a committee with board delegated powers who have a direct or indirect financial interest that the appropriate governing committee deems as a conflict of interest. In connection with any actual or possible conflict of interest, the interested person must disclose all material facts to the governing board. After disclosure of the cinancial interest and all material facts, the interested person shall leave the governing board meeting while the determination of a conflict of interst is discussed and voted upon. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organiation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or mor eof its tax-exmempt purposes.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Veritas Impact Partners
EIN
83-1734762
Phone
6195208347
Address
21750 HARDY OAK BLVD 104-28567, SAN ANTONIO, TX 78258

Signing Officer

Name
Antonio Marquez
Title
Board Chair, Co-chair
Phone
6195208347
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antonio Marquez
Formed
2018
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Karen Gries
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Helping community challenges (30 days health challenge).

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 46,061. Management and general expenses 46,061. Fundraising expenses 0. Total expenses 92,122.

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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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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD CHAIR, CO-CHAIR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HELPING COMMUNITY CHALLENGES (30 DAYS HEALTH CHALLENGE).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS MAY APPOINT AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONSISTING OF NOT LESS THAN TWO MEMBERS OF THE BOARD OF DIRECTORS TO RECOMMEND ACTION TO THE BOARD OF DIRECTORS AND CARRY OUT AND IMPLEMENT ANY INSTRUCTIONS OR ANY POLICIES, PLANS, AND PROGRAMS THERETOFORE APPROVED, AUTHORIZED, AND ADOPTED BY THE BOARD OF DIRECTORS. UNLESS OTHERWISE EXPRESSLY DELEGATED BY THE BOARD OF DIRECTORS, AND EXCEPT TO THE EXTENT OTHERWISE PROVIDED BY APPLICABLE LAW, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS IN THE AFFAIRS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JUAN ANTONIO MARQUEZ , JP NEWMAN, AND RACHEL MARQUEZ HAVE A BUSINESS RELATIONSHIP. JUAN ANTONIO MARQUEZ AND RACHEL MARQUEZ HAVE A FAMILY RELATIONSHIP. PAMELA LOPEZ, JUAN ANTONIO MARQUEZ, AND RACHEL MARQUEZ HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DURING THE YEAR COVERED BY THE RETURN, THE ORGANIZATION UPDATED ITS BYLAWS TO ADD THE POSITION OF CO-CHAIRMAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 WILL BE NOT BE REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, PRINCIPAL OFFICERS AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS WHO HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST THAT THE APPROPRIATE GOVERNING COMMITTEE DEEMS AS A CONFLICT OF INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE ALL MATERIAL FACTS TO THE GOVERNING BOARD. AFTER DISCLOSURE OF THE CINANCIAL INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTERST IS DISCUSSED AND VOTED UPON. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MOR EOF ITS TAX-EXMEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONSULTING FEES: PROGRAM SERVICE EXPENSES 46,061. MANAGEMENT AND GENERAL EXPENSES 46,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 92,122.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt096563
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt096563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0262413
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057853
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt046061
IRS990/TotalFunctionalExpensesGrp/TotalAmt0103914
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062500
IRS990/TotalLiabilitiesEOYAmt0564
IRS990/TotalLiabilitiesGrp/BOYAmt062500
IRS990/TotalLiabilitiesGrp/EOYAmt0564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-62500
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt095999
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt046061
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0262413
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt096563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt021750 HARDY OAK BLVD 104-28567
IRS990/USAddress/CityNm0SAN ANTONIO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078258
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VERITASIMPACTPARTNERS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTONIO MARQUEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR, CO-CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06195208347
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS IMPACT PARTNERS
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0831734762
ReturnHeader/Filer/PhoneNum06195208347
ReturnHeader/Filer/USAddress/AddressLine1Txt021750 HARDY OAK BLVD 104-28567
ReturnHeader/Filer/USAddress/CityNm0SAN ANTONIO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078258
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId000BE1F513142CA66DA2C367DB88293381486700F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B2546B713F7E481D53EBD38AC5C56AAB7076177B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0107.2.67.26
ReturnHeader/FilingSecurityInformation/IPDt02020-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:13:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0220 S 6TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055402
ReturnHeader/PreparerPersonGrp/PhoneNum06123764500
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN GRIES
ReturnHeader/ReturnTs02020-11-14T10:30:26-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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