Civic Intelligence

Cobiz Richmond Inc.

990EZ • Fiscal year 2019 • EIN 84-2956832

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 23, 2020

Organization Profilewww.cobizrichmond.com
1503 Macdonald Ave Ste ARichmond, CA 94801

(510) 309-7107

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

92nd percentile

51%

Higher net margin than 92% 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

Balance Sheet
Liabilities / Assets57th percentile

Assets

$55,210

No earlier filing loaded for comparison.

Net Assets

$55,210

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin92nd percentile

Revenue

$109,061

No earlier filing loaded for comparison.

Expenses

$53,851

No earlier filing loaded for comparison.

Net Income

$55,210

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0-$500KAssets 2019: $55,210Liabilities 2019: $0Net Assets 2019: $55,2102019Assets 2020: $774,544Liabilities 2020: $508,268Net Assets 2020: $266,2762020Assets 2021: $437,785Liabilities 2021: $139,719Net Assets 2021: $298,0662021Assets 2022: $136,740Liabilities 2022: $151,339Net Assets 2022: -$14,5992022Assets 2023: $143,496Liabilities 2023: $170,053Net Assets 2023: -$26,5572023Assets 2024: $180,718Liabilities 2024: $169,693Net Assets 2024: $11,0252024

Highlighted filing

2019

Assets$55,210
Liabilities$0
Net Assets$55,210
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2019: $109,061Expenses 2019: $53,851Net Income 2019: $55,2102019Revenue 2020: $696,966Expenses 2020: $494,167Net Income 2020: $202,7992020Revenue 2021: $787,520Expenses 2021: $755,525Net Income 2021: $31,9952021Revenue 2022: $563,616Expenses 2022: $622,803Net Income 2022: -$59,1872022Revenue 2023: $610,382Expenses 2023: $622,340Net Income 2023: -$11,9582023Revenue 2024: $928,989Expenses 2024: $891,407Net Income 2024: $37,5822024

Highlighted filing

2019

Revenue$109,061
Expenses$53,851
Net Income$55,210
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 23, 2020
Return Version
2019v5.0
Gross Receipts
$109,061
Mission and Program Overview

Mission

To create an entrepreneurial hub to foster a culture of innovation, collaboration, and entrepreneurship between individuals and tri-sector stakeholders with the intent to drive sustainable economic development and revitalization of downtown and greater richmond, california

Program Services

DescriptionGrantsExpenses
CoBiz intends to provide low to no cost business innovation and incubation services in downtown Richmond in a collaborative shared working-space setting that will foster an entrepreneurial spirit among the business community. CoBiz space and services will be affordable to entrepreneurs through efforts by CoBiz to solicit Corporate Sponsors to subsidize much of the cost for the entrepreneurs. Collectively, the CoBiz space will focus on creating an ecosystem and culture of entrepreneurship, innovation, collaboration, and community. In particular, CoBiz will offer subject matter experts, benchmark practices to drive operational and fiscal efficiency for businesses, nonprofits and community organizations, emerging technology, womens leadership and diversity programming, panel discussions, pitch competitions, hack-a-thons,community events and wellness activities.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wesley AlexanderPresidentFT$0--
Lily RahnemaSecretary-$0--
Michael MartinTreasurer-$0--
Bret SweetVice President-$0--
Filing and Contact Details

Filer

Filer Name
CoBiz Richmond
EIN
84-2956832
Phone
5103097107
Address
1503 Macdonald Ave Ste A, Richmond, CA 94801

Signing Officer

Name
Welsey Alexander
Title
President
Signed
2020-04-23
Discuss with paid preparer
Yes

Preparer

Firm
For Purpose Law Group LLP
Address
408 Nutmeg Street, San Diego, CA 92103
Preparer
Carol Stachwick CPA
Phone
6197803839
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $3043”

Other Expenses.1005

“Travel $208”

Other Expenses.1012

“Insurance $572”

Other Expenses.1

“Purchases $8872”

Other Expenses.2

“Repairs & Maintenance $3134”

Raw XML Appendix131 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
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IRS990EZ/BooksInCareOfDetail/PersonNm0Welsey Alexander
IRS990EZ/BooksInCareOfDetail/PhoneNum05103097107
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01503 Macdonald Avenue
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Richmond
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd094801
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt055210
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt055210
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt030296
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt055210
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0109061
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt055210
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt055210
IRS990EZ/OccupancyRentUtltsAndMaintAmt07718
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Wesley Alexander
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lily Rahnema
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael Martin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Bret Sweet
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt015829
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To create an entrepreneurial hub to foster a culture of innovation, collaboration, and entrepreneurship between individuals and tri-sector stakeholders with the intent to drive sustainable economic development and revitalization of downtown and greater Richmond, California
IRS990EZ/PrintingPublicationsPostageAmt08
IRS990EZ/ProgramServiceRevenueAmt0109061
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0CoBiz intends to provide low to no cost business innovation and incubation services in downtown Richmond in a collaborative shared working-space setting that will foster an entrepreneurial spirit among the business community. CoBiz space and services will be affordable to entrepreneurs through efforts by CoBiz to solicit Corporate Sponsors to subsidize much of the cost for the entrepreneurs. Collectively, the CoBiz space will focus on creating an ecosystem and culture of entrepreneurship, innovation, collaboration, and community. In particular, CoBiz will offer subject matter experts, benchmark practices to drive operational and fiscal efficiency for businesses, nonprofits and community organizations, emerging technology, womens leadership and diversity programming, panel discussions, pitch competitions, hack-a-thons,community events and wellness activities.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt053851
IRS990EZ/TotalRevenueAmt0109061
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.cobizrichmond.com
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0100000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0100000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0100000
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0100000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0100000
IRS990ScheduleA/TotalSupportAmt0100000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $3043
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Travel $208
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $572
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Purchases $8872
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs & Maintenance $3134
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Welsey Alexander
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CoBiz Richmond
ReturnHeader/Filer/BusinessNameControlTxt0COBI
ReturnHeader/Filer/EIN0842956832
ReturnHeader/Filer/PhoneNum05103097107
ReturnHeader/Filer/USAddress/AddressLine1Txt01503 Macdonald Ave Ste A
ReturnHeader/Filer/USAddress/CityNm0Richmond
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094801
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452079664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0For Purpose Law Group LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0408 Nutmeg Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Diego
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092103
ReturnHeader/PreparerPersonGrp/PhoneNum06197803839
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carol Stachwick CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-04-23T09:08:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,210
Liabilities
$0
Net assets
$55,210
Revenue
$109,061
Expenses
$53,851
Net income
$55,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$1.70$0.11$9.29$8.91$0.38
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.70$0.27$6.10$6.22$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$1.51$0.15$5.64$6.23$0.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.38$1.40$2.98$7.88$7.56$0.32
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.75$5.08$2.66$6.97$4.94$2.03
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$1.09$0.54$0.55