Civic Intelligence

Public Thread X

990 • Fiscal year 2023 • EIN 88-2752338

Oct 01, 2023 to Dec 31, 2023 • Filed on Jun 11, 2024

446 Cesar E Chavez Avenue SWGrand Rapids, MI 49503

(616) 745-1222

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$424,779

No earlier filing loaded for comparison.

Net Assets

$328,343

No earlier filing loaded for comparison.

Liabilities

$96,436

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$102,079

No earlier filing loaded for comparison.

Expenses

$139,781

No earlier filing loaded for comparison.

Net Income

-$37,702

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2023: $424,779Liabilities 2023: $96,436Net Assets 2023: $328,3432023Assets 2024: $264,946Liabilities 2024: $186,430Net Assets 2024: $78,5162024

Highlighted filing

2023

Assets$424,779
Liabilities$96,436
Net Assets$328,343

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2023: $102,079Expenses 2023: $139,781Net Income 2023: -$37,7022023Revenue 2024: $655,848Expenses 2024: $905,674Net Income 2024: -$249,8262024

Highlighted filing

2023

Revenue$102,079
Expenses$139,781
Net Income-$37,702
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Dec 31, 2023
Signed
Jun 11, 2024
Return Version
2023v5.0
Gross Receipts
$134,801
Mission and Program Overview

Mission

To help grow living wage jobs, provide training, education and workforce development opportunities.

To help grow living wage jobs, provide training, education and workforce development opportunities to support a growing creative economy, and address textile waste through large scale upcycling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$366,045$328,343▼ $37,702
Cash and Non-Interest-Bearing Accounts$364,679$256,381▼ $108,298
Intangible Assets-$101,061-
Land, Buildings, and Equipment, Net$2,000$40,476▲ $38,476
Inventories for Sale or Use$2,752$21,861▲ $19,109
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$374,431$424,779▲ $50,348
Other Assets Total$5,000$5,000→ $0
Liabilities
Other Liabilities$0$77,482▲ $77,482
Accounts Payable and Accrued Expenses$8,386$18,954▲ $10,568
Total Liabilities$8,386$96,436▲ $88,050
Net Assets / Fund Balance
Total Net Assets Fund Balance$366,045$328,343▼ $37,702
Total Liabilities and Net Assets / Fund Balance$374,431$424,779▲ $50,348

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,476$292$40,768
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janay BrowerChief Executive OfficerFT$49,677$49,677

Board Members and Trustees

NameTitle
Alice JasperPresident
Kari BlissVice President
Anne Marie HertlBoard Member
Beca Velaszquez PublesSecretary
Jake HimmelspachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,454
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$6,625
All Other Contributions
$95,454
Change in Net Assets
$-37,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$114,715
Other Expenses$25,066
Total Fundraising Expense$9,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,169$28,477-$84,646
Current Officers, Directors, Trustees, and Key Employees$10,096$5,409$4,688$20,193
Payroll Taxes$6,426$3,068$382$9,876
Office Expenses$2,614$2,489-$5,103
Fees for Services Accounting-$3,755-$3,755
Travel$1,549$1,325-$2,874
Occupancy$1,349$907-$2,256
Advertising--$2,144$2,144
Fees for Services Management-$750-$750
Depreciation Depletion$292--$292
Information Technology$145$145-$290
Other Expenses$3$285$2,077$285
All Other Expenses-$218-$218
Fees for Services Legal-$150-$150
Total Functional Expenses$80,765$49,725$9,291$139,781
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/p Northern Initiatives$76,631
Security Deposit$851
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 organization's board rigorously reviews form 990 before it is submitted to ensure accuracy and transparency in our financial reporting. This critical review process involves a detailed examination of the form, followed by formal approval from the board. This practice underscores our commitment to ethical financial management and accountability to our stakeholders. By thoroughly vetting and approving form 990, the board ensures that our financial disclosures reflect our organization's integrity and adherence to regulatory requirements.

Form 990, Part VI, Section B, Line 12

Currently establishing policies

Form 990, Part VI, Section B, Line 15

Our leadership team discusses the rates, what we can afford, and what funding is anticipated. Multiple staff members are involved in conversations regarding contractor and employee compensation. Additionally, the board reviewed the compensation plans for the year and approved them. The board reviews the compensation of leadership and conducts ongoing budget reviews. However, they are not involved in staff compensation. For new sewists or other production staff, the pay rate is determined by the hours available and skill set, which is assessed with a sewing test.

Form 990, Part VI, Section C, Line 19

The organization is actively in the process of drafting its governing documents and conflict of interest policy. Once finalized, these critical documents will be available upon request, ensuring transparency and adherence to best practices in governance. This initiative reflects our commitment to operational integrity and ethical management. Additionally, our financial statements, which provide a clear and comprehensive view of the organization's financial health, are readily available upon request. We ensure that all financial information is presented transparently, making it accessible to stakeholders who wish to understand our financial management and performance.

Filing and Contact Details

Filer

Filer Name
Public Thread X
EIN
88-2752338
Phone
6167451222
Address
446 CESAR E CHAVEZ AVENUE SW, GRAND RAPIDS, MI 49503

Signing Officer

Name
Janay Brower
Title
President
Phone
6167451222
Signed
2024-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janay Brower
Formed
2022
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
23
Volunteers
0

Preparer

Firm
Hungerford Cpas Advisors
Address
2910 LUCERNE DR SE, GRAND RAPIDS, MI 49546
Preparer
Jennifer L Rogell CPA
Phone
6169493200
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD RIGOROUSLY REVIEWS FORM 990 BEFORE IT IS SUBMITTED TO ENSURE ACCURACY AND TRANSPARENCY IN OUR FINANCIAL REPORTING. THIS CRITICAL REVIEW PROCESS INVOLVES A DETAILED EXAMINATION OF THE FORM, FOLLOWED BY FORMAL APPROVAL FROM THE BOARD. THIS PRACTICE UNDERSCORES OUR COMMITMENT TO ETHICAL FINANCIAL MANAGEMENT AND ACCOUNTABILITY TO OUR STAKEHOLDERS. BY THOROUGHLY VETTING AND APPROVING FORM 990, THE BOARD ENSURES THAT OUR FINANCIAL DISCLOSURES REFLECT OUR ORGANIZATION'S INTEGRITY AND ADHERENCE TO REGULATORY REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CURRENTLY ESTABLISHING POLICIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR LEADERSHIP TEAM DISCUSSES THE RATES, WHAT WE CAN AFFORD, AND WHAT FUNDING IS ANTICIPATED. MULTIPLE STAFF MEMBERS ARE INVOLVED IN CONVERSATIONS REGARDING CONTRACTOR AND EMPLOYEE COMPENSATION. ADDITIONALLY, THE BOARD REVIEWED THE COMPENSATION PLANS FOR THE YEAR AND APPROVED THEM. THE BOARD REVIEWS THE COMPENSATION OF LEADERSHIP AND CONDUCTS ONGOING BUDGET REVIEWS. HOWEVER, THEY ARE NOT INVOLVED IN STAFF COMPENSATION. FOR NEW SEWISTS OR OTHER PRODUCTION STAFF, THE PAY RATE IS DETERMINED BY THE HOURS AVAILABLE AND SKILL SET, WHICH IS ASSESSED WITH A SEWING TEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS ACTIVELY IN THE PROCESS OF DRAFTING ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY. ONCE FINALIZED, THESE CRITICAL DOCUMENTS WILL BE AVAILABLE UPON REQUEST, ENSURING TRANSPARENCY AND ADHERENCE TO BEST PRACTICES IN GOVERNANCE. THIS INITIATIVE REFLECTS OUR COMMITMENT TO OPERATIONAL INTEGRITY AND ETHICAL MANAGEMENT. ADDITIONALLY, OUR FINANCIAL STATEMENTS, WHICH PROVIDE A CLEAR AND COMPREHENSIVE VIEW OF THE ORGANIZATION'S FINANCIAL HEALTH, ARE READILY AVAILABLE UPON REQUEST. WE ENSURE THAT ALL FINANCIAL INFORMATION IS PRESENTED TRANSPARENTLY, MAKING IT ACCESSIBLE TO STAKEHOLDERS WHO WISH TO UNDERSTAND OUR FINANCIAL MANAGEMENT AND PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER L ROGELL CPA
ReturnHeader/ReturnTs02024-06-14T08:06:39-05:00
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ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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