Civic Intelligence

Lvtrise

990 • Fiscal year 2021 • EIN 83-2573725

Oct 01, 2020 to Sep 30, 2021 • Filed on Feb 16, 2022

8201 Calmont AvenueFort Worth, TX 76116

(817) 420-9741

Siviq Scores

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

Liabilities / Assets

38th percentile

0.02x

Higher debt load relative to assets than 38% of similar nonprofits.

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

Liabilities / Revenue

34th percentile

0.03x

Higher debt load relative to revenue than 34% of similar nonprofits.

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

Net Margin

86th percentile

49%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

69th percentile

$98,213

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

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

Asset Growth

91st percentile

72%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

54th percentile

16%

Faster revenue growth than 54% of similar nonprofits.

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

Assets

Up

$1,637,567

Up $688,008 (+72%) from 2020

Net Assets

Up

$1,597,388

Up $695,226 (+77%) from 2020

Liabilities

Down

$40,179

Down $7,218 (-15%) from 2020

Revenue

Up

$1,417,435

Up $190,355 (+16%) from 2020

Expenses

Up

$722,209

Up $384,023 (+114%) from 2020

Net Income

Down

$695,226

Down $193,668 (-22%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2019: $72,603Liabilities 2019: $59,335Net Assets 2019: $13,2682019Assets 2020: $949,559Liabilities 2020: $47,397Net Assets 2020: $902,1622020Assets 2021: $1,637,567Liabilities 2021: $40,179Net Assets 2021: $1,597,3882021Assets 2022: $2,622,097Liabilities 2022: $38,773Net Assets 2022: $2,583,3242022Assets 2023: $2,352,988Liabilities 2023: $40,962Net Assets 2023: $2,312,0262023Assets 2024: $1,817,157Liabilities 2024: $58,598Net Assets 2024: $1,758,5592024

Highlighted filing

2021

Assets$1,637,567
Liabilities$40,179
Net Assets$1,597,388

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2019: $501,612Expenses 2019: $488,344Net Income 2019: $13,2682019Revenue 2020: $1,227,080Expenses 2020: $338,186Net Income 2020: $888,8942020Revenue 2021: $1,417,435Expenses 2021: $722,209Net Income 2021: $695,2262021Revenue 2022: $1,542,984Expenses 2022: $1,923,592Net Income 2022: -$380,6082022Revenue 2023: $1,253,209Expenses 2023: $2,213,504Net Income 2023: -$960,2952023Revenue 2024: $1,683,754Expenses 2024: $2,710,447Net Income 2024: -$1,026,6932024

Highlighted filing

2021

Revenue$1,417,435
Expenses$722,209
Net Income$695,226
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Feb 16, 2022
Return Version
2020v4.2
Gross Receipts
$1,437,273
Mission and Program Overview

Mission

To assist the existing las vegas trail area transformational process by providing communication and coordination among all serving organizations and by partnering with the people who live and work in the area. Lvtrise will bring resources to the las vegas trail community and to work to remove barriers to access in order to create a thriving community for all residents on the las vegas trail area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$654,606$1,559,624▲ $905,018
Other Notes and Loans Receivable, Net$112,658--
Cash and Non-Interest-Bearing Accounts$175,072$61,507▼ $113,565
Pledges and Grants Receivable$235$2,640▲ $2,405
Total Assets$949,559$1,637,567▲ $688,008
Other Assets Total$6,988$13,796▲ $6,808
Liabilities
Other Liabilities$32,292$36,280▲ $3,988
Accounts Payable and Accrued Expenses$15,105$3,899▼ $11,206
Total Liabilities$47,397$40,179▼ $7,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$577,181$1,597,388▲ $1,020,207
Net Assets With Donor Restrictions$324,981$0▼ $324,981
Total Net Assets Fund Balance$902,162$1,597,388▲ $695,226
Total Liabilities and Net Assets / Fund Balance$949,559$1,637,567▲ $688,008

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,537,223$62,777$1,600,000
Equipment$22,401$5,549$27,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Willie RankinExecutive DirectorFT$98,213$98,213
Ashley MortimerProgram DirectorFT$61,450$61,450

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,395,334
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$22,095
All Other Contributions
$1,301,107
Change in Net Assets
$695,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,656
Salaries, Compensation, and Employee Benefits$266,553
Total Fundraising Expense$70,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$100,487$38,629$24,034$163,150
Occupancy$102,001$19,125$6,375$127,501
Other Salaries and Wages$49,518$19,036$11,844$80,398
Depreciation Depletion$64,432--$64,432
Information Technology$26,811$20,544$3,554$50,909
Advertising$19,764$9,882$9,882$39,528
Fees for Services Management-$32,568-$32,568
Office Expenses$7,742$9,921$5,173$22,836
Fees for Services Other$12,801-$7,075$19,876
Payroll Taxes$12,329$3,423$2,887$18,639
Insurance-$15,075-$15,075
Fees for Services Accounting-$5,000-$5,000
Conferences and Meetings$1,333$3,036$35$4,404
Other Employee Benefits$323$4,043-$4,366
Other Expenses$180$90-$270
Total Functional Expenses$470,978$180,372$70,859$722,209
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,933
Fundraising Direct Expenses$19,838
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$41,933$41,933$7,156$34,777
Total Events$41,933$41,933$19,838$22,095
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Ppp Loan$36,280
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, Part VI, Section A, Line 2

Jeffrey allison and chris stolarzyk have a business relationship.

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

The form 990 is provided to officers and directors for review prior to filing with the irs.

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

The organization regularly and consistently monitors the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

All salary payments are fixed payments based on a living wage scale. Bonuses are determined annually following a yearly performance review and based on a percentage basis.

Form 990, Part VI, Section C, Line 18

Form 1023 and form 990 are available to the public upon request.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lvtrise
EIN
83-2573725
Phone
8174209741
Address
8201 CALMONT AVENUE, FORT WORTH, TX 76116

Signing Officer

Name
Jeffrey Allison
Title
Treasurer
Phone
8174209741
Signed
2022-02-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Allison
Formed
2018
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
18
Employees
4
Volunteers
177

Preparer

Firm
Whitley Penn Llp
Address
640 TAYLOR STREET SUITE 2200, FT WORTH, TX 76102
Preparer
Emily Landry
Phone
8172599100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to the covid-19 pandemic, lvtrise upgraded technology and software to meet virtually. Computer security was also upgraded to handle pii. To coincide with meeting virtually, we expanded employee benefits to include working from home and paid sick days. We also shifted case management to accomodate virtual sessions. All of our neighborhood events were moved to outdoor events, vistors and staff were required to wear masks, and all visitors had their temperature checked.

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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt019838
IRS990/FundraisingGrossIncomeAmt041933
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt019
IRS990/GovernmentGrantsAmt094227
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01437273
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt03554
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt020544
IRS990/InformationTechnologyGrp/ProgramServicesAmt026811
IRS990/InformationTechnologyGrp/TotalAmt050909
IRS990/InsuranceGrp/ManagementAndGeneralAmt015075
IRS990/InsuranceGrp/TotalAmt015075
IRS990/InvestmentIncomeGrp/ExclusionAmt06
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt068326
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0654606
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01559624
IRS990/LandBldgEquipCostOrOtherBssAmt01627950
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ASSIST THE EXISTING LAS VEGAS TRAIL AREA TRANSFORMATIONAL PROCESS BY PROVIDING COMMUNICATION AND COORDINATION AMONG ALL SERVING ORGANIZATIONS AND BY PARTNERING WITH THE PEOPLE WHO LIVE AND WORK IN THE AREA. LVTRISE WILL BRING RESOURCES TO THE LAS VEGAS TRAIL COMMUNITY AND TO WORK TO REMOVE BARRIERS TO ACCESS IN ORDER TO CREATE A THRIVING COMMUNITY FOR ALL RESIDENTS ON THE LAS VEGAS TRAIL AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0902162
IRS990/NetAssetsOrFundBalancesEOYAmt01597388
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt022095
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt022095
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0577181
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01597388
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06375
IRS990/OccupancyGrp/ManagementAndGeneralAmt019125
IRS990/OccupancyGrp/ProgramServicesAmt0102001
IRS990/OccupancyGrp/TotalAmt0127501
IRS990/OfficeExpensesGrp/FundraisingAmt05173
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09921
IRS990/OfficeExpensesGrp/ProgramServicesAmt07742
IRS990/OfficeExpensesGrp/TotalAmt022836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06988
IRS990/OtherAssetsTotalGrp/EOYAmt013796
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04043
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0323
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04366
IRS990/OtherExpensesGrp/Desc0COMMUNITY PROGRAMS AND
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt090
IRS990/OtherExpensesGrp/ProgramServicesAmt073257
IRS990/OtherExpensesGrp/ProgramServicesAmt1180
IRS990/OtherExpensesGrp/TotalAmt073257
IRS990/OtherExpensesGrp/TotalAmt1270
IRS990/OtherLiabilitiesGrp/BOYAmt032292
IRS990/OtherLiabilitiesGrp/EOYAmt036280
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011844
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019036
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049518
IRS990/OtherSalariesAndWagesGrp/TotalAmt080398
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0112658
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02887
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03423
IRS990/PayrollTaxesGrp/ProgramServicesAmt012329
IRS990/PayrollTaxesGrp/TotalAmt018639
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0235
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02640
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JEFFREY ALLISON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01226855
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0225
IRS990/PYOtherExpensesAmt0166626
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0888894
IRS990/PYSalariesCompEmpBnftPaidAmt0171560
IRS990/PYTotalExpensesAmt0338186
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01227080
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0695226
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01395334
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01226855
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0501507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03123696
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0336
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01702620
IRS990ScheduleA/SubstantialContributorsTotAmt01421076
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01395334
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01226855
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0501507
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03123696
IRS990ScheduleA/TotalSupportAmt03124032
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01537223
IRS990ScheduleD/BuildingsGrp/DepreciationAmt062777
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01600000
IRS990ScheduleD/EquipmentGrp/BookValueAmt022401
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05549
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA PPP LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01559624
IRS990ScheduleD/TotalLiabilityAmt036280
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019838
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03759
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03759
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041933

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