Civic Intelligence

Southwest Creations Collaborative

990 • Fiscal year 2021 • EIN 85-0440047

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 15, 2022

722 Isleta Blvd SW Suite CAlbuquerque, NM 87105

(505) 247-8559

Siviq Scores

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

Liabilities / Assets

68th percentile

0.22x

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

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.09x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

0.7%

Higher net margin than 29% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

38th percentile

$81,376

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2021 filings • NTEE J • $1M-$5M nonprofits • Source year 2021

Asset Growth

7th percentile

-18%

Faster asset growth than 7% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • NTEE J • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$745,795

Down $165,441 (-18%) from 2020

Net Assets

Up

$582,145

Up $12,314 (+2.2%) from 2020

Liabilities

Down

$163,650

Down $177,755 (-52%) from 2020

Revenue

Down

$1,735,568

Down $235,165 (-12%) from 2020

Expenses

Up

$1,723,254

Up $57,392 (+3.4%) from 2020

Net Income

Down

$12,314

Down $292,557 (-96%) 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$0-$1.0MAssets 2011: $166,472Liabilities 2011: $408,370Net Assets 2011: -$241,8982011Assets 2012: $936,521Liabilities 2012: $347,433Net Assets 2012: $589,0882012Assets 2013: $977,033Liabilities 2013: $269,412Net Assets 2013: $707,6212013Assets 2014: $638,282Liabilities 2014: $228,379Net Assets 2014: $409,9032014Assets 2015: $436,552Liabilities 2015: $187,955Net Assets 2015: $248,5972015Assets 2016: $1,073,172Liabilities 2016: $144,045Net Assets 2016: $929,1272016Assets 2017: $631,913Liabilities 2017: $75,683Net Assets 2017: $556,2302017Assets 2018: $437,975Liabilities 2018: $25,298Net Assets 2018: $412,6772018Assets 2019: $542,701Liabilities 2019: $277,741Net Assets 2019: $264,9602019Assets 2020: $911,236Liabilities 2020: $341,405Net Assets 2020: $569,8312020Assets 2021: $745,795Liabilities 2021: $163,650Net Assets 2021: $582,1452021Assets 2022: $1,543,561Liabilities 2022: $1,248,774Net Assets 2022: $294,7872022Assets 2023: $1,535,619Liabilities 2023: $1,179,294Net Assets 2023: $356,3252023Assets 2024: $2,255,941Liabilities 2024: $1,128,382Net Assets 2024: $1,127,5592024

Highlighted filing

2021

Assets$745,795
Liabilities$163,650
Net Assets$582,145

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,052,861Expenses 2011: $1,089,846Net Income 2011: -$36,9852011Expenses 2012: $1,160,4672012Revenue 2013: $1,565,456Expenses 2013: $1,446,923Net Income 2013: $118,5332013Revenue 2014: $1,107,724Expenses 2014: $1,405,442Net Income 2014: -$297,7182014Revenue 2015: $1,366,097Expenses 2015: $1,527,403Net Income 2015: -$161,3062015Revenue 2016: $2,283,981Expenses 2016: $1,603,451Net Income 2016: $680,5302016Revenue 2017: $1,486,657Expenses 2017: $1,859,554Net Income 2017: -$372,8972017Revenue 2018: $1,545,909Expenses 2018: $1,689,462Net Income 2018: -$143,5532018Revenue 2019: $1,335,232Expenses 2019: $1,482,949Net Income 2019: -$147,7172019Revenue 2020: $1,970,733Expenses 2020: $1,665,862Net Income 2020: $304,8712020Revenue 2021: $1,735,568Expenses 2021: $1,723,254Net Income 2021: $12,3142021Revenue 2022: $1,757,310Expenses 2022: $2,044,668Net Income 2022: -$287,3582022Revenue 2023: $1,136,243Expenses 2023: $1,074,705Net Income 2023: $61,5382023Revenue 2024: $2,223,911Expenses 2024: $1,399,805Net Income 2024: $824,1062024

Highlighted filing

2021

Revenue$1,735,568
Expenses$1,723,254
Net Income$12,314
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 15, 2022
Return Version
2021v4.0
Gross Receipts
$1,735,568
Mission and Program Overview

Mission

The mission of southwest creations collaborative is to create dignified living wage jobs for women in new mexico through a sustainable manufacturing social enterprise that engages its employees, customers and the community in building strong families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$516,954$424,521▼ $92,433
Land, Buildings, and Equipment, Net$16,730$177,932▲ $161,202
Accounts Receivable$97,885$61,692▼ $36,193
Inventories for Sale or Use$22,210$40,954▲ $18,744
Pledges and Grants Receivable$250,000$25,000▼ $225,000
Prepaid Expenses and Deferred Charges$7,457$10,349▲ $2,892
Savings and Temporary Cash Investments-$5,347-
Total Assets$911,236$745,795▼ $165,441
Liabilities
Mortgage Notes Payable Secured by Investment Property$311,421$100,000▼ $211,421
Accounts Payable and Accrued Expenses$29,984$63,650▲ $33,666
Total Liabilities$341,405$163,650▼ $177,755
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$365,642$446,614▲ $80,972
Net Assets With Donor Restrictions$204,189$135,531▼ $68,658
Total Net Assets Fund Balance$569,831$582,145▲ $12,314
Total Liabilities and Net Assets / Fund Balance$911,236$745,795▼ $165,441

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$106,715$293,272$399,987
Equipment$71,217$171,360$242,577
Other Land Buildings-$38,066$38,066
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan MatteucciExecutive DiFT$81,376$81,376
Flora I LopezDirectorFT$75,035$75,035

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$639,782
Program Service Revenue
$1,095,762
Investment Income
$24
Other Revenue
$0
All Other Contributions
$428,361
Change in Net Assets
$12,314

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,735,568
Total Revenue per Audited Statements
$1,735,568
Total Revenue per Form 990
$1,735,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,265,427
Other Expenses$457,827
Total Fundraising Expense$32,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$914,581$77,522$20,246$1,012,349
Current Officers, Directors, Trustees, and Key Employees$141,304$11,978$3,129$156,411
Occupancy$91,314$30,436-$121,750
Payroll Taxes$83,147$7,048$1,841$92,036
Fees for Services Other$21,844$33,433-$55,277
Conferences and Meetings$16,433$5,478-$21,911
Depreciation Depletion$13,041$4,347-$17,388
Insurance$11,288$3,763-$15,051
All Other Expenses$5,396$563$7,155$13,114
Office Expenses$8,231$2,744-$10,975
Other Expenses$6,608$2,202-$8,810
Other Employee Benefits$4,445$93$93$4,631
Interest-$2,748-$2,748
Travel$253$84-$337
Total Functional Expenses$1,498,495$192,295$32,464$1,723,254

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,723,254
Total Expenses per Audited Statements$1,723,254
Total Expenses per Form 990$1,723,254
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Audit committee
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, Page 6, Part VI, Line 11B

The draft 990 information return is provided to the board of directors for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Each year, an annual board retreat is held and a discussion takes place regarding board members and potential conflicts of interest. During the retreat, the organization ensures that no member who exercises any function with respect to the organization's activities or who is in a position to participate in a decision making process would obtain a personal or financial interest or benefit in any way.

Form 990, Page 6, Part VI, Line 15A

Compensation of the executive director is determined by an annual review of the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation is determined by an annual review of the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and audited financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Creations Collaborative
EIN
85-0440047
Phone
5052478559
Address
722 ISLETA BLVD SW SUITE C, ALBUQUERQUE, NM 87105

Signing Officer

Name
Susan Matteucci
Title
Executive Director
Phone
5052478559
Signed
2022-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Matteucci
Formed
1994
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
9
Employees
52

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
Phone
5058838788
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

This return is being amended to provide correct address information.

FORM 990 - ORGANIZATION'S MISSION

The mission of southwest creations collaborative is to create dignified living wage jobs for women in new mexico through a sustainable manufacturing social enterprise that engages its employees, customers and the community in building strong families.

Financial Statement Notes

Schedule D, Page 3, Part X

Scc is a nonprofit organization and qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. Scc regularly evaluates activities as it relates to its tax-exempt status. If scc activities are determined to be outside of its tax-exempt status the potential exists for tax liabilities on those unrelated activities. Currently, scc engages in no activities that would be taxed as unrelated business income.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCC IS A NONPROFIT ORGANIZATION AND QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SCC REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX-EXEMPT STATUS. IF SCC ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX-EXEMPT STATUS THE POTENTIAL EXISTS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. CURRENTLY, SCC ENGAGES IN NO ACTIVITIES THAT WOULD BE TAXED AS UNRELATED BUSINESS INCOME.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS RETURN IS BEING AMENDED TO PROVIDE CORRECT ADDRESS INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MISSION OF SOUTHWEST CREATIONS COLLABORATIVE IS TO CREATE DIGNIFIED LIVING WAGE JOBS FOR WOMEN IN NEW MEXICO THROUGH A SUSTAINABLE MANUFACTURING SOCIAL ENTERPRISE THAT ENGAGES ITS EMPLOYEES, CUSTOMERS AND THE COMMUNITY IN BUILDING STRONG FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DRAFT 990 INFORMATION RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH YEAR, AN ANNUAL BOARD RETREAT IS HELD AND A DISCUSSION TAKES PLACE REGARDING BOARD MEMBERS AND POTENTIAL CONFLICTS OF INTEREST. DURING THE RETREAT, THE ORGANIZATION ENSURES THAT NO MEMBER WHO EXERCISES ANY FUNCTION WITH RESPECT TO THE ORGANIZATION'S ACTIVITIES OR WHO IS IN A POSITION TO PARTICIPATE IN A DECISION MAKING PROCESS WOULD OBTAIN A PERSONAL OR FINANCIAL INTEREST OR BENEFIT IN ANY WAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY AN ANNUAL REVIEW OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BY AN ANNUAL REVIEW OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, POLICIES AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.26$1.13$1.13$2.22$1.40$0.82
2023Detailed filing. Detailed filing data is available for this year.$1.54$1.18$0.36$1.14$1.07$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.54$1.25$0.29$1.76$2.04$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.75$0.16$0.58$1.74$1.72$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.91$0.34$0.57$1.97$1.67$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.28$0.26$1.34$1.48$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.44$0.03$0.41$1.55$1.69$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.56$1.49$1.86$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.14$0.93$2.28$1.60$0.68
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.19$0.25$1.37$1.53$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.23$0.41$1.11$1.41$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.98$0.27$0.71$1.57$1.45$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.35$0.59$1.16
2011Summary only. Only limited summary data is available for this year.$0.17$0.41$0.24$1.05$1.09$0.04