Civic Intelligence

Veritas Impact Partners

990 • Fiscal year 2020 • EIN 83-1734762

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

809 N Cuernavaca Dr No 200Austin, TX 78733

(619) 520-8347

Siviq Scores

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

Liabilities / Assets

68th percentile

0.04x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.02x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

89th percentile

$37,425

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

87th percentile

93%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

86th percentile

42%

Faster revenue growth than 86% of similar nonprofits.

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

Assets

Up

$186,817

Up $90,254 (+93%) from 2019

Net Assets

Up

$179,913

Up $83,914 (+87%) from 2019

Liabilities

Up

$6,904

Up $6,340 (+1124%) from 2019

Revenue

Up

$373,145

Up $110,732 (+42%) from 2019

Expenses

Up

$289,231

Up $185,317 (+178%) from 2019

Net Income

Down

$83,914

Down $74,585 (-47%) from 2019

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

2020

Assets$186,817
Liabilities$6,904
Net Assets$179,913

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

2020

Revenue$373,145
Expenses$289,231
Net Income$83,914
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$378,936
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$186,817▲ $90,254
Total Assets$96,563$186,817▲ $90,254
Liabilities
Accounts Payable and Accrued Expenses$564$6,904▲ $6,340
Total Liabilities$564$6,904▲ $6,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,999$179,913▲ $83,914
Total Net Assets Fund Balance$95,999$179,913▲ $83,914
Total Liabilities and Net Assets / Fund Balance$96,563$186,817▲ $90,254
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SearlesCEOFT$37,425$37,425

Board Members and Trustees

NameTitle
Antonio MarquezCo-chair
Jp NewmanCo-chair
Anthony TarterVice-chair
Tom BaconDirector
Tracy ThompsonSecretary
Rachel DietemeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$378,936
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-5,791
All Other Contributions
$377,436
Change in Net Assets
$83,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$251,806
Total Fundraising Expense$41,674
Salaries, Compensation, and Employee Benefits$37,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$181,467$10,404$31,212$223,083
Current Officers, Directors, Trustees, and Key Employees$29,940$1,871$5,614$37,425
Advertising$10,639-$4,560$15,199
Fees for Services Accounting-$7,011-$7,011
Fees for Services Legal-$5,956-$5,956
Other Expenses-$119$288$119
Total Functional Expenses$222,046$25,511$41,674$289,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,791
Fundraising Gross Income$0
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
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

Antonio marquez , jp newman, and rachel dietemeyer have a business relationship. Antonio marquez and rachel dietemeyer have a family relationship.

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

The form 990 is prepared by an independent public accounting firm using information provided by the organization. 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 financial interest and all material facts, the interested person shall leave the governing board meeting while the determination of a conflict of interest 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 organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt 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
809 N CUERNAVACA DR NO 200, AUSTIN, TX 78733

Signing Officer

Name
Antonio Marquez
Title
Board Chair
Phone
6195208347
Signed
2021-11-12
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
Heidi Grinde
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 166,467. Management and general expenses 10,404. Fundraising expenses 31,212. Total expenses 208,083. Other professional fees: program service expenses 15,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,000.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1ANTONIO MARQUEZ , JP NEWMAN, AND RACHEL DIETEMEYER HAVE A BUSINESS RELATIONSHIP. ANTONIO MARQUEZ AND RACHEL DIETEMEYER HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM 990 WILL BE NOT BE REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 FINANCIAL INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON SHALL LEAVE THE GOVERNING BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST 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 ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING FEES: PROGRAM SERVICE EXPENSES 166,467. MANAGEMENT AND GENERAL EXPENSES 10,404. FUNDRAISING EXPENSES 31,212. TOTAL EXPENSES 208,083. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 15,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt096563
IRS990/TotalAssetsEOYAmt0186817
IRS990/TotalAssetsGrp/BOYAmt096563
IRS990/TotalAssetsGrp/EOYAmt0186817
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0378936
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt041674
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025511
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222046
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289231
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0564
IRS990/TotalLiabilitiesEOYAmt06904
IRS990/TotalLiabilitiesGrp/BOYAmt0564
IRS990/TotalLiabilitiesGrp/EOYAmt06904
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt095999
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0179913
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0222046
IRS990/TotalReportableCompFromOrgAmt037425
IRS990/TotalRevenueGrp/ExclusionAmt0-5791
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0373145
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0186817
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0809 N CUERNAVACA DR NO 200
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078733
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VERITASIMPACTPARTNERS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTONIO MARQUEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06195208347
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VERITAS IMPACT PARTNERS
ReturnHeader/Filer/BusinessNameControlTxt0VERI
ReturnHeader/Filer/EIN0831734762
ReturnHeader/Filer/PhoneNum06195208347
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 N CUERNAVACA DR NO 200
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078733
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/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEIDI GRINDE
ReturnHeader/ReturnTs02021-11-12T15:31:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANTONIO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARQUEZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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