Civic Intelligence

Coworks Wv Inc

990EZ • Fiscal year 2020 • EIN 83-2070584

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

1014 6th AvenueHuntington, WV 25701

(304) 566-3030

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

36th percentile

-2.6%

Higher net margin than 36% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

11th percentile

-40%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

24th percentile

-48%

Faster revenue growth than 24% of similar nonprofits.

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

Assets

Down

$3,268

Down $2,170 (-40%) from 2019

Net Assets

Down

$3,268

Down $2,170 (-40%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$82,454

Down $74,699 (-48%) from 2019

Expenses

Down

$84,624

Down $67,091 (-44%) from 2019

Net Income

Down

-$2,170

Down $7,608 (-140%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0K$4.0K$2.0K$0Assets 2019: $5,438Net Assets 2019: $5,4382019Assets 2020: $3,268Net Assets 2020: $3,2682020Assets 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$3,268
Liabilities-
Net Assets$3,268

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2019: $157,153Expenses 2019: $151,715Net Income 2019: $5,4382019Revenue 2020: $82,454Expenses 2020: $84,624Net Income 2020: -$2,1702020Expenses 2021: $3,2692021

Highlighted filing

2020

Revenue$82,454
Expenses$84,624
Net Income-$2,170
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$82,454
Mission and Program Overview

Mission

Coworks wv inc's purpose is to provide a network of free and low cost, mostly volunteer-led, community based programs on business start-ups, business entrepreneurship, technology education and integration, coding, business incubation and to educate by mentoring, instructing, coordinating, providing venues, locations, computers, equipment, internet access, computer coding, e-learning modules, and recommended practices, so that its students, members, and subscribers learn, and explore business and technology in an informal, creative, and social environment. There is a focus on instruction, peer learning, youth mentoring and self-led learning. We aim to help young people, non-profits, the disadvantaged, low-income, the under-employed and the unemployed realize that they can build a positive future through business entrepreneurship, technology and their community, and to provide other and further services as are desirable to promote economic and social welfare of citizens.

Program Services

DescriptionGrantsExpenses
PROVIDING LOW COST COWORKING SPACE TO MEMBERS.-$51,622
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JULIE HEWETTPresident-$0--
BRENT WALLSSecretary, T-$0--
Filing and Contact Details

Filer

Filer Name
Coworks Wv Inc
EIN
83-2070584
Phone
3045663030
Address
1014 6TH AVENUE, HUNTINGTON, WV 25701

Signing Officer

Name
Brent Walls
Title
Secretary, Treasurer
Signed
2021-11-12

Preparer

Firm
Walls & Associates Pllc
Address
19 THIRD STREET, HAMLIN, WV 25523
Preparer
Brent T Walls CPA
Phone
3043905971
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Room rental 220 total 220

Form 990-ez, Part I, Line 16

Expenses advertising 140 supplies 264 telephone 184 web subscriptions & services 10,338 events expenses 1,042 insurance 2,885 bank charges & fees 625 dues & subscriptions 397 equipment rental 1,159 total 17,034

Form 990-ez, Part III

Coworks wv inc's purpose is to provide a network of free and low cost, mostly volunteer-led, community based programs on business start-ups, business entrepreneurship, technology education and integration, coding, business incubation and to educate by mentoring, instructing, coordinating, providing venues, locations, computers, equipment, internet access, computer coding, e-learning modules, and recommended practices, so that its students, members, and subscribers learn, and explore business and technology in an informal, creative, and social environment. There is a focus on instruction, peer learning, youth mentoring and self-led learning. We aim to help young people, non-profits, the disadvantaged, low-income, the under-employed and the unemployed realize that they can build a positive future through business entrepreneurship, technology and their community, and to provide other and further services as are desirable to promote economic and social welfare of citizens.

Raw XML Appendix123 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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IRS990EZ/PrimaryExemptPurposeTxt0COWORKS WV INC'S PURPOSE IS TO PROVIDE A NETWORK OF FREE AND LOW COST, MOSTLY VOLUNTEER-LED, COMMUNITY BASED PROGRAMS ON BUSINESS START-UPS, BUSINESS ENTREPRENEURSHIP, TECHNOLOGY EDUCATION AND INTEGRATION, CODING, BUSINESS INCUBATION AND TO EDUCATE BY MENTORING, INSTRUCTING, COORDINATING, PROVIDING VENUES, LOCATIONS, COMPUTERS, EQUIPMENT, INTERNET ACCESS, COMPUTER CODING, E-LEARNING MODULES, AND RECOMMENDED PRACTICES, SO THAT ITS STUDENTS, MEMBERS, AND SUBSCRIBERS LEARN, AND EXPLORE BUSINESS AND TECHNOLOGY IN AN INFORMAL, CREATIVE, AND SOCIAL ENVIRONMENT. THERE IS A FOCUS ON INSTRUCTION, PEER LEARNING, YOUTH MENTORING AND SELF-LED LEARNING. WE AIM TO HELP YOUNG PEOPLE, NON-PROFITS, THE DISADVANTAGED, LOW-INCOME, THE UNDER-EMPLOYED AND THE UNEMPLOYED REALIZE THAT THEY CAN BUILD A POSITIVE FUTURE THROUGH BUSINESS ENTREPRENEURSHIP, TECHNOLOGY AND THEIR COMMUNITY, AND TO PROVIDE OTHER AND FURTHER SERVICES AS ARE DESIRABLE TO PROMOTE ECONOMIC AND SOCIAL WELFARE OF CITIZENS.
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IRS990EZ/TotalRevenueAmt082454
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROOM RENTAL 220 TOTAL 220
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 140 SUPPLIES 264 TELEPHONE 184 WEB SUBSCRIPTIONS & SERVICES 10,338 EVENTS EXPENSES 1,042 INSURANCE 2,885 BANK CHARGES & FEES 625 DUES & SUBSCRIPTIONS 397 EQUIPMENT RENTAL 1,159 TOTAL 17,034
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COWORKS WV INC'S PURPOSE IS TO PROVIDE A NETWORK OF FREE AND LOW COST, MOSTLY VOLUNTEER-LED, COMMUNITY BASED PROGRAMS ON BUSINESS START-UPS, BUSINESS ENTREPRENEURSHIP, TECHNOLOGY EDUCATION AND INTEGRATION, CODING, BUSINESS INCUBATION AND TO EDUCATE BY MENTORING, INSTRUCTING, COORDINATING, PROVIDING VENUES, LOCATIONS, COMPUTERS, EQUIPMENT, INTERNET ACCESS, COMPUTER CODING, E-LEARNING MODULES, AND RECOMMENDED PRACTICES, SO THAT ITS STUDENTS, MEMBERS, AND SUBSCRIBERS LEARN, AND EXPLORE BUSINESS AND TECHNOLOGY IN AN INFORMAL, CREATIVE, AND SOCIAL ENVIRONMENT. THERE IS A FOCUS ON INSTRUCTION, PEER LEARNING, YOUTH MENTORING AND SELF-LED LEARNING. WE AIM TO HELP YOUNG PEOPLE, NON-PROFITS, THE DISADVANTAGED, LOW-INCOME, THE UNDER-EMPLOYED AND THE UNEMPLOYED REALIZE THAT THEY CAN BUILD A POSITIVE FUTURE THROUGH BUSINESS ENTREPRENEURSHIP, TECHNOLOGY AND THEIR COMMUNITY, AND TO PROVIDE OTHER AND FURTHER SERVICES AS ARE DESIRABLE TO PROMOTE ECONOMIC AND SOCIAL WELFARE OF CITIZENS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRENT WALLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY, TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COWORKS WV INC
ReturnHeader/Filer/BusinessNameControlTxt0COWO
ReturnHeader/Filer/EIN0832070584
ReturnHeader/Filer/PhoneNum03045663030
ReturnHeader/Filer/USAddress/AddressLine1Txt01014 6TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0HUNTINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALLS & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019 THIRD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMLIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd025523
ReturnHeader/PreparerPersonGrp/PhoneNum03043905971
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRENT T WALLS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-12T09:04:59-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WALLS
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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