Civic Intelligence

Fuse Innovation Fund

990 • Fiscal year 2019 • EIN 87-0800705

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

1402 Third Avenue Room 406Seattle, WA 98101

(206) 420-0133

Siviq Scores

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

Liabilities / Assets

81st percentile

0.49x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

70th percentile

0.26x

Higher debt load relative to revenue than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

52nd percentile

4.0%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$121,870

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

89th percentile

43%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

1.5%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$718,706

Up $215,297 (+43%) from 2018

Net Assets

Up

$370,050

Up $52,877 (+17%) from 2018

Liabilities

Up

$348,656

Up $162,420 (+87%) from 2018

Revenue

Up

$1,336,281

Up $19,996 (+1.5%) from 2018

Expenses

Up

$1,283,404

Up $220,129 (+21%) from 2018

Net Income

Down

$52,877

Down $200,133 (-79%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2010: $116,808Liabilities 2010: $59,094Net Assets 2010: $57,7142010Assets 2011: $186,878Liabilities 2011: $197,641Net Assets 2011: -$10,7632011Assets 2012: $157,220Liabilities 2012: $235,025Net Assets 2012: -$77,8052012Assets 2013: $51,928Liabilities 2013: $230,078Net Assets 2013: -$178,1502013Assets 2014: $67,118Liabilities 2014: $186,739Net Assets 2014: -$119,6212014Assets 2015: $182,884Liabilities 2015: $161,376Net Assets 2015: $21,5082015Assets 2016: $203,235Liabilities 2016: $136,546Net Assets 2016: $66,6892016Assets 2017: $251,487Liabilities 2017: $193,494Net Assets 2017: $57,9932017Assets 2018: $503,409Liabilities 2018: $186,236Net Assets 2018: $317,1732018Assets 2019: $718,706Liabilities 2019: $348,656Net Assets 2019: $370,0502019Assets 2020: $1,620,847Liabilities 2020: $256,119Net Assets 2020: $1,364,7282020Assets 2021: $1,992,259Liabilities 2021: $263,208Net Assets 2021: $1,729,0512021Assets 2022: $313,989Liabilities 2022: $280,611Net Assets 2022: $33,3782022Assets 2023: $778,630Liabilities 2023: $377,782Net Assets 2023: $400,8482023

Highlighted filing

2019

Assets$718,706
Liabilities$348,656
Net Assets$370,050

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $294,971Expenses 2010: $292,245Net Income 2010: $2,7262010Expenses 2011: $347,8692011Revenue 2012: $290,527Expenses 2012: $355,484Net Income 2012: -$64,9572012Revenue 2013: $315,017Expenses 2013: $417,447Net Income 2013: -$102,4302013Revenue 2014: $453,723Expenses 2014: $395,194Net Income 2014: $58,5292014Revenue 2015: $598,126Expenses 2015: $454,881Net Income 2015: $143,2452015Revenue 2016: $653,842Expenses 2016: $616,127Net Income 2016: $37,7152016Revenue 2017: $810,708Expenses 2017: $831,028Net Income 2017: -$20,3202017Revenue 2018: $1,316,285Expenses 2018: $1,063,275Net Income 2018: $253,0102018Revenue 2019: $1,336,281Expenses 2019: $1,283,404Net Income 2019: $52,8772019Revenue 2020: $2,207,802Expenses 2020: $1,213,124Net Income 2020: $994,6782020Revenue 2021: $1,166,383Expenses 2021: $795,440Net Income 2021: $370,9432021Revenue 2022: $1,125,930Expenses 2022: $2,801,178Net Income 2022: -$1,675,2482022Revenue 2023: $1,419,590Expenses 2023: $1,067,040Net Income 2023: $352,5502023

Highlighted filing

2019

Revenue$1,336,281
Expenses$1,283,404
Net Income$52,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,339,753
Mission and Program Overview

Mission

To develop creative programs to educate and engage activists about critical issues in Washington State

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$372,742$463,628▲ $90,886
Cash and Non-Interest-Bearing Accounts$130,667$254,578▲ $123,911
Accounts Receivable-$500-
Total Assets$503,409$718,706▲ $215,297
Liabilities
Accounts Payable and Accrued Expenses$186,236$348,656▲ $162,420
Total Liabilities$186,236$348,656▲ $162,420
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$370,050-
Net Assets Without Donor Restrictions$317,173--
Total Net Assets Fund Balance$317,173$370,050▲ $52,877
Total Liabilities and Net Assets / Fund Balance$503,409$718,706▲ $215,297

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,169$6,169
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Aaron OstromExecutive DirectorPT$121,870$121,870

Board Members and Trustees

NameTitle
Daniel WeiseChair
Adriane LeithauserVice Chair
Adam GlickmanDirector
Ahmed GayaDirector
Jeff HansenDirector
Jeremy BarksdaleDirector
Julie RobinsonDirector
Phyllis IzantDirector
Ruth LipscombDirector
Suone CotnerDirector
Tom MillerDirector
Dean NielsenSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,328,766
Program Service Revenue
$0
Investment Income
$887
Other Revenue
$6,628
All Other Contributions
$1,328,766
Change in Net Assets
$52,877

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$125,478Fair Market Value (FMV)
Total Noncash Contributions12$125,478-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$759,006
Other Expenses$493,798
Total Fundraising Expense$69,556
Grants and Similar Amounts Paid$30,600
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$442,180$72,952$42,203$557,335
Fees for Services Other$307,602--$307,602
Other Employee Benefits$67,295$11,074$6,815$85,184
Occupancy$58,927$9,324$6,340$74,591
Current Officers, Directors, Trustees, and Key Employees$50,832$5,073$8,342$64,247
Payroll Taxes$41,270$6,530$4,440$52,240
Travel$39,749$447$46$40,242
All Other Expenses$32,691--$32,691
Grants to Domestic Orgs$30,600--$30,600
Other Expenses$3,977$2,787$718$7,482
Fees for Services Accounting-$5,896-$5,896
Insurance-$2,247-$2,247
Office Expenses-$1,333-$1,333
Total Functional Expenses$1,089,195$124,653$69,556$1,283,404
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Unitarian Universalist Church of SpokaneSpokane, WA501c3Support for immigrant families in need$30,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,100
Fundraising Direct Expenses$3,472
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
No
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 B, Line 11B

The Executive Director shares the 990 with the board before the return is filed and provides a time window for the board to comment and ask questions before the return is finalized and submitted.

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

Board members and staff must disclose any conflicts of interest and the agreement is reviewed at least annually.

Form 990, Part VI, Section B, Line 15A

The Executive Directors salary is reviewed annually by a board personnel committee.

Form 990, Part VI, Section C, Line 19

The organization makes its 990 and organizing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Fuse Innovation Fund
EIN
87-0800705
Phone
2064200133
Address
1402 Third Avenue Room 406, Seattle, WA 98101

Signing Officer

Name
Aaron Ostrom
Title
Executive Director
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Ostrom
Formed
2007
Legal Domicile
Wa
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
60

Preparer

Firm
Advocate Accounting LLC
Address
1916 Pike Pl Ste 12 323, Seattle, WA 98101
Preparer
Erin Louis CPA
Phone
2062164629
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Contributions to Other Orgs 7,500, Outreach 4,509, Food 862, Short Term Space Rental 19,820

Form 990, Part IX, Line 11G

Consulting 66,225, Organizers 88,582 Research 31,952, IT 70,483, Production 50,000

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IRS990/OtherExpensesGrp/Desc2Staff Training and Appreciation
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02261
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IRS990/OtherExpensesGrp/ProgramServicesAmt26724
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IRS990/OtherExpensesGrp/TotalAmt28598
IRS990/OtherExpensesGrp/TotalAmt37482
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IRS990/PrincipalOfficerNm0Aaron Ostrom
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt030600
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0887
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt0671
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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt037756
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt029355
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0163934
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0181221
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0151024
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0117419
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support for immigrant families in need

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.78$0.38$0.40$1.42$1.07$0.35
2022Summary only. Only limited summary data is available for this year.$0.31$0.28$0.03$1.13$2.80$1.68
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.99$0.26$1.73$1.17$0.80$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.26$1.36$2.21$1.21$0.99
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.35$0.37$1.34$1.28$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.19$0.32$1.32$1.06$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.19$0.06$0.81$0.83$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.14$0.07$0.65$0.62$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.16$0.02$0.60$0.45$0.14
2014Summary only. Only limited summary data is available for this year.$0.07$0.19$0.12$0.45$0.40$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.23$0.18$0.32$0.42$0.10
2012Summary only. Only limited summary data is available for this year.$0.16$0.24$0.08$0.29$0.36$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.20$0.01$0.35
2010Summary only. Only limited summary data is available for this year.$0.12$0.06$0.06$0.29$0.29$0.00