Civic Intelligence

Equaspace

990EZ • Fiscal year 2021 • EIN 84-2176692

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 25, 2022

Organization ProfileEQUASPACE.ORG
PO Box 4458St Paul, MN 55104

(612) 804-3986

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

0.54x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

46th percentile

6.2%

Higher net margin than 46% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

99th percentile

2251%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-45%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$15,542

Up $14,881 (+2251%) from 2020

Net Assets

-$5,058

No earlier filing loaded for comparison.

Liabilities

Up

$20,600

Up $12,500 (+154%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin46th percentile

Revenue

Down

$38,500

Down $31,501 (-45%) from 2020

Expenses

Down

$36,119

Down $37,325 (-51%) from 2020

Net Income

Up

$2,381

Up $5,824 (+169%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2019: $6,569Liabilities 2019: $2,4652019Assets 2020: $661Liabilities 2020: $8,1002020Assets 2021: $15,542Liabilities 2021: $20,600Net Assets 2021: -$5,0582021Assets 2022: $456,428Liabilities 2022: $36,177Net Assets 2022: $420,2512022Assets 2023: $449,605Liabilities 2023: $46,418Net Assets 2023: $403,1872023Assets 2024: $2,584,944Liabilities 2024: $2,479,394Net Assets 2024: $105,5502024

Highlighted filing

2021

Assets$15,542
Liabilities$20,600
Net Assets-$5,058
Open 2021 Filing

Operations Trend

Revenue Growth19th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $20,010Expenses 2019: $15,906Net Income 2019: $4,1042019Revenue 2020: $70,001Expenses 2020: $73,444Net Income 2020: -$3,4432020Revenue 2021: $38,500Expenses 2021: $36,119Net Income 2021: $2,3812021Revenue 2022: $1,277,672Expenses 2022: $852,363Net Income 2022: $425,3092022Revenue 2023: $214,120Expenses 2023: $231,184Net Income 2023: -$17,0642023Revenue 2024: $1,356,531Expenses 2024: $1,654,168Net Income 2024: -$297,6372024

Highlighted filing

2021

Revenue$38,500
Expenses$36,119
Net Income$2,381
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 25, 2022
Return Version
2021v4.2
Gross Receipts
$38,500
Mission and Program Overview

Mission

Equaspace is a nonprofit center start-up. The mission is to provide a platform of high functioning work spaces, shared resources and a platform for collaborative opportunities for 501(c)3's. We work to allow our nonprofit tenants to expand capacity and achieve more mission like many other non profit centers in the united states.as a start-up, our expenses to date are related to market and real estate research, gathering of community input and design planning. We will need to add fundraising, lobbying, staff and other expenses to move into the next phase.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION HAS A LONG START-UP PHASE AS IT REQUIRES SIGNIFICANT MARKET AND REAL ESTATE RESEARCH. ON-GOING START-UP EXPENSES WILL CONTINUE THROUGH DESIGN, STRATEGY AND FUNDRAISING. EQUASPACE SEEKS TO GAIN SITE CONTROL OVER OFFICE/WORK SPACES IN ORDER TO FULFILL ITS MISSION OF PROVIDING HIGH FUNCTIONING WORK SPACES AND OTHER RELATED PROGRAMMING AND RESOURCES TO 501(C)3'S.$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MIKE LOGANDirector-$0--
IMEE CAMBRONERODirector-$0--
SUSAN C KELLYPresident And Assistant TreasurerPT$0--
RON LATTINVice PresidentPT$0--
LINDA IRELANDSecretary And Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Equaspace
EIN
84-2176692
Phone
6128043986
Address
PO BOX 4458, ST PAUL, MN 55104

Signing Officer

Name
Susan C Kelly
Title
President and Assistant Treasurer
Phone
6128043986
Signed
2022-04-25
Discuss with paid preparer
Yes

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-ez, Part I, Line 16 - Other Expenses

“Description: tax filing fee. Amount: 25.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 8,100. End of year amount: 20,600.”

Raw XML Appendix160 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/AddressChangeInd0X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUSAN C KELLY
IRS990EZ/BooksInCareOfDetail/PhoneNum06128043986
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 4458
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ST PAUL
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055104
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0661
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt015542
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt038500
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt02381
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt036094
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0661
IRS990EZ/Form990TotalAssetsGrp/EOYAmt015542
IRS990EZ/GrossReceiptsAmt038500
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-7439
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-5058
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-7439
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-5058
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt230.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt43.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MIKE LOGAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1IMEE CAMBRONERO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2SUSAN C KELLY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RON LATTIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LINDA IRELAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT AND ASSISTANT TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY AND TREASURER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt025
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0EQUASPACE IS A NONPROFIT CENTER START-UP. THE MISSION IS TO PROVIDE A PLATFORM OF HIGH FUNCTIONING WORK SPACES, SHARED RESOURCES AND A PLATFORM FOR COLLABORATIVE OPPORTUNITIES FOR 501(C)3'S. WE WORK TO ALLOW OUR NONPROFIT TENANTS TO EXPAND CAPACITY AND ACHIEVE MORE MISSION LIKE MANY OTHER NON PROFIT CENTERS IN THE UNITED STATES.AS A START-UP, OUR EXPENSES TO DATE ARE RELATED TO MARKET AND REAL ESTATE RESEARCH, GATHERING OF COMMUNITY INPUT AND DESIGN PLANNING. WE WILL NEED TO ADD FUNDRAISING, LOBBYING, STAFF AND OTHER EXPENSES TO MOVE INTO THE NEXT PHASE.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION HAS A LONG START-UP PHASE AS IT REQUIRES SIGNIFICANT MARKET AND REAL ESTATE RESEARCH. ON-GOING START-UP EXPENSES WILL CONTINUE THROUGH DESIGN, STRATEGY AND FUNDRAISING. EQUASPACE SEEKS TO GAIN SITE CONTROL OVER OFFICE/WORK SPACES IN ORDER TO FULFILL ITS MISSION OF PROVIDING HIGH FUNCTIONING WORK SPACES AND OTHER RELATED PROGRAMMING AND RESOURCES TO 501(C)3'S.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08100
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt020600
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt036119
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt038500
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0EQUASPACE.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0IN 2019, PUBLIC CHARITY STATUS 170(B)(1)(A)(VI) WAS GRANTED TO EQUASPACE. THE ORGANIZATION HAS A LONG START-UP PHASE AS IT REQUIRES SIGNIFICANT MARKET AND REAL ESTATE RESEARCH. ON-GOING START-UP EXPENSES WILL CONTINUE THROUGH DESIGN, STRATEGY AND FUNDRAISING. EQUASPACE SEEKS TO GAIN SITE CONTROL OVER OFFICE/WORK SPACES IN ORDER TO FULFILL ITS MISSION OF PROVIDING HIGH FUNCTIONING WORK SPACES AND OTHER RELATED PROGRAMMING AND RESOURCES TO 501(C)3'S. IN FULL OPERATION, EQUASPACE WILL MEET THE 170(B)(1)(A)(VI) REQUIREMENTS OF 33 1/3% PUBLIC SUPPORT MINIMUM. IN THE INTERIM, THE ORGANIZATION MAY BE FUNDED BY LARGE GRANTS FROM A FEW FOUNDATIONS AND/OR THE GOVERNMENT.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt038500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0128500
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt011
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02570
IRS990ScheduleA/SubstantialContributorsTotAmt0125930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt038500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt020000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0128500
IRS990ScheduleA/TotalSupportAmt0128511
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: TAX FILING FEE. AMOUNT: 25.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 8,100. END OF YEAR AMOUNT: 20,600.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN C KELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND ASSISTANT TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06128043986
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EQUASPACE
ReturnHeader/Filer/BusinessNameControlTxt0EQUA
ReturnHeader/Filer/EIN0842176692
ReturnHeader/Filer/PhoneNum06128043986
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 4458
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055104
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/PreparationDt02022-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEIDI GRINDE
ReturnHeader/ReturnTs02022-05-02T07:42:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUSAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KELLY
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,542
Liabilities
$20,600
Net assets
-$5,058
Revenue
$38,500
Expenses
$36,119
Net income
$2,381
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$2.48$0.11$1.36$1.65$0.30
2023Summary only. Only limited summary data is available for this year.$0.45$0.05$0.40$0.21$0.23$0.02
2022Summary only. Only limited summary data is available for this year.$0.46$0.04$0.42$1.28$0.85$0.43
2021Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$0.04$0.04$0.00
2020Summary only. Only limited summary data is available for this year.$0.00$0.01$0.07$0.07$0.00
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.02$0.02$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • <$500k nonprofits