Civic Intelligence

Washington Cash DBA Ventures

990 • Fiscal year 2020 • EIN 91-1704028

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileVENTURESNONPROFIT.ORG
2100 24th Ave South Ste 380Seattle, WA 98144

(206) 352-1945

Siviq Scores

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

Liabilities / Assets

67th percentile

0.25x

Higher debt load relative to assets than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

0.24x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

81st percentile

$136,784

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

89th percentile

65%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$3,455,254

Up $1,366,828 (+65%) from 2019

Net Assets

Up

$2,586,623

Up $949,158 (+58%) from 2019

Liabilities

Up

$868,631

Up $417,670 (+93%) from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin79th percentile

Revenue

Up

$3,617,629

Up $1,854,251 (+105%) from 2019

Expenses

Up

$2,668,471

Up $858,777 (+47%) from 2019

Net Income

Up

$949,158

Up $995,474 (+2149%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $873,129Liabilities 2011: $470,067Net Assets 2011: $403,0622011Assets 2012: $818,555Liabilities 2012: $335,936Net Assets 2012: $482,6192012Assets 2013: $976,436Liabilities 2013: $428,459Net Assets 2013: $547,9772013Assets 2014: $577,353Liabilities 2014: $384,740Net Assets 2014: $192,6132014Assets 2015: $618,670Liabilities 2015: $312,662Net Assets 2015: $306,0082015Assets 2016: $1,369,936Liabilities 2016: $350,858Net Assets 2016: $1,019,0782016Assets 2017: $2,066,573Liabilities 2017: $350,092Net Assets 2017: $1,716,4812017Assets 2018: $2,083,040Liabilities 2018: $341,069Net Assets 2018: $1,741,9712018Assets 2019: $2,088,426Liabilities 2019: $450,961Net Assets 2019: $1,637,4652019Assets 2020: $3,455,254Liabilities 2020: $868,631Net Assets 2020: $2,586,6232020Assets 2021: $4,062,617Liabilities 2021: $817,106Net Assets 2021: $3,245,5112021Assets 2022: $3,910,500Liabilities 2022: $927,062Net Assets 2022: $2,983,4382022Assets 2023: $3,751,244Liabilities 2023: $983,091Net Assets 2023: $2,768,1532023Assets 2024: $3,739,386Liabilities 2024: $899,444Net Assets 2024: $2,839,9422024

Highlighted filing

2020

Assets$3,455,254
Liabilities$868,631
Net Assets$2,586,623
Open 2020 Filing

Operations Trend

Revenue Growth93rd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $1,502,134Expenses 2011: $1,500,331Net Income 2011: $1,8032011Expenses 2012: $1,435,8402012Expenses 2013: $1,260,6022013Revenue 2014: $955,889Expenses 2014: $1,311,253Net Income 2014: -$355,3642014Revenue 2015: $1,268,541Expenses 2015: $1,155,146Net Income 2015: $113,3952015Revenue 2016: $1,507,240Expenses 2016: $1,297,579Net Income 2016: $209,6612016Revenue 2017: $2,176,235Expenses 2017: $1,492,647Net Income 2017: $683,5882017Revenue 2018: $1,646,051Expenses 2018: $1,656,495Net Income 2018: -$10,4442018Revenue 2019: $1,763,378Expenses 2019: $1,809,694Net Income 2019: -$46,3162019Revenue 2020: $3,617,629Expenses 2020: $2,668,471Net Income 2020: $949,1582020Revenue 2021: $2,865,608Expenses 2021: $2,206,720Net Income 2021: $658,8882021Revenue 2022: $2,657,913Expenses 2022: $2,919,986Net Income 2022: -$262,0732022Revenue 2023: $2,930,364Expenses 2023: $3,395,649Net Income 2023: -$465,2852023Revenue 2024: $3,586,357Expenses 2024: $3,517,792Net Income 2024: $68,5652024

Highlighted filing

2020

Revenue$3,617,629
Expenses$2,668,471
Net Income$949,158
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$3,639,779
Mission and Program Overview

Mission

Ventures' mission is to empower individuals with limited resources and unlimited potential to improve their lives through small business ownership.

Ventures mission is to empower individuals with limited resources and unlimited potential to improve their lives through small business ownership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,051,517$1,816,934▲ $765,417
Pledges and Grants Receivable$270,643$931,610▲ $660,967
Savings and Temporary Cash Investments$426,806$440,621▲ $13,815
Other Notes and Loans Receivable, Net$265,361$201,099▼ $64,262
Land, Buildings, and Equipment, Net$67,463$53,780▼ $13,683
Prepaid Expenses and Deferred Charges$6,636$11,210▲ $4,574
Total Assets$2,088,426$3,455,254▲ $1,366,828
Liabilities
Mortgage Notes Payable Secured by Investment Property$184,399$380,246▲ $195,847
Unsecured Notes Loans Payable$85,000$365,000▲ $280,000
Accounts Payable and Accrued Expenses$132,329$123,385▼ $8,944
Other Liabilities$27,783--
Grants Payable$21,450--
Total Liabilities$450,961$868,631▲ $417,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,186,844$1,721,623▲ $534,779
Net Assets With Donor Restrictions$450,621$865,000▲ $414,379
Total Net Assets Fund Balance$1,637,465$2,586,623▲ $949,158
Total Liabilities and Net Assets / Fund Balance$2,088,426$3,455,254▲ $1,366,828

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,654$213,463$228,117
Leasehold Improvements$39,126$23,325$62,451
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carlos a Sanchez-yarceExecutive DirectorFT$131,500$5,284$136,784

Board Members and Trustees

NameTitle
Octaiviea ReneePresident
David GoldbergVice President
Aaron CahoonDirector
Bart CornelissenDirector
Berry ZimmermanDirector
David SpicerDirector
Dianna Winegarden SrDirector
Doug HallDirector
Erik WintersDirector
Fitsum MisganoDirector
Jamie SherbondyDirector
John YuDirector
Lisa TaylorDirector
Melissa ForziatDirector
Peyina Lin-robertsDirector
Renee MartinDirector
Ronny MendietaDirector
Ximena JuarezDirector
Yesenia CelestinoDirector
Chris RooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,545,631
Program Service Revenue
$53,376
Investment Income
$0
Other Revenue
$18,622
All Other Contributions
$2,096,532
Change in Net Assets
$949,158

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,617,629
Total Revenue per Audited Statements
$3,617,629
Total Revenue per Form 990
$3,617,629
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,434,308
Salaries, Compensation, and Employee Benefits$1,234,163
Total Fundraising Expense$411,411
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$964,478-$2,110$964,478
Other Salaries and Wages$532,359$153,279$205,870$891,508
Fees for Services Other$78,743$8,206$58,358$145,307
Current Officers, Directors, Trustees, and Key Employees$72,325$6,575$52,600$131,500
Payroll Taxes$57,525$14,740$26,734$98,999
Fees for Services Accounting$9,784$75,568$6,522$91,874
Other Employee Benefits$52,051$10,856$23,845$86,752
Occupancy$78,086$7,971-$86,057
All Other Expenses$24,741$8,405$13,127$46,273
Office Expenses$19,859$12,170$6,614$38,643
Pension Plan Contributions$15,242$7,391$2,771$25,404
Information Technology$8,849$6,307$3,671$18,827
Depreciation Depletion$10,673$1,779$1,231$13,683
Travel$1,818$28$6,621$8,467
Insurance$1,710$5,611-$7,321
Interest$5,468--$5,468
Advertising$386$20$585$991
Total Functional Expenses$1,938,154$318,906$411,411$2,668,471

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,668,471
Total Expenses per Audited Statements$2,668,471
Total Expenses per Form 990$2,668,471
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,333
Fundraising Direct Expenses$22,150
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Innoventures$27,333$27,333$2,735$24,598
Total Events$27,333$27,333$22,150$5,183
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
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 governing body review Part VI line 11

“The finance committee reviews and then a recommendation is made to the board to approve before the form 990 is filed with the irs.”

Conflict of interest policy compliance Part VI line 12C

“Employees who have any influence on or personal interest in transactions involving purchases, membership decisions, loans, grants, contracts, or leases, must disclose the existence of any acutal or potential conflict of interest in writing to ventures executive director as soon as possible, so that safeguards can be established to protect all parties. The executive director reports any potential conflicts to the executive committee.”

CEO executive director top management comp Part VI line 15A

“The board of directors researched comparable salaries using the united way king county nonprofit wage study and approved the compensation for the executive director.”

Governing documents etc available to public Part VI line 19

“Governing documents, policies and financial statements are made available upon request. In addition, the form 990 and audited financial statements are available on our website.”

Filing and Contact Details

Filer

Filer Name
Ventures
EIN
91-1704028
Address
2100 24TH AVE SOUTH STE 380, SEATTLE, WA 98144

Signing Officer

Name
Carlos a Sanchez-yarce
Title
Executive Direc
Phone
2063521945
Signed
2021-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Carlos a Sanchez-yarce
Formed
1995
Legal Domicile
Wa
Voting Board Members
20
Independent Board Members
20
Employees
32
Volunteers
109

Preparer

Firm
Boogles Books LLC
Address
1389 W 86TH ST STE 183, INDIANAPOLIS, IN 46260
Preparer
Elisabeth Anderson
Phone
3176062886
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

“Ventures provided more business grants in 2020 in response to the covid-19 pandemic to support struggling businesses.”

Raw XML AppendixShowing 400 of 591 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUSINESS TRAINING COURSES, WORKSHOPS & COACHING: 11 ORIENTATION WORKSHOPS FOR 219 INDIVIDUALS,10 BUSINESS BASICS COURSES FOR 183 CLIENTS GRADUATED, 10 ADVANCED WORKSHOPS, 15 ADVANCED TRAINING COURSES. PROVIDED 1,644 HOURS OF BUSINESS COACHING TO 359 CLIENTS
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt015058
IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS INCUBATORS(RETAIL & FOOD: 86 ACTIVE RETAIL VENDORS, 1 RETAIL INCUBATOR STORE, IT IS A 50/50 CONSIGNMENT, OVER $21,000 GENERATED FOR CLIENTS THROUGH STORE, PROVIDED 9 BUSINESSES WITH GRANTS AND PLACEMENT IN LOCAL GROCERY STORE CHAIN.

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,455,254
Liabilities
$868,631
Net assets
$2,586,623
Revenue
$3,617,629
Expenses
$2,668,471
Net income
$949,158
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.90$2.84$3.59$3.52$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.75$0.98$2.77$2.93$3.40$0.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.91$0.93$2.98$2.66$2.92$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$0.82$3.25$2.87$2.21$0.66
2020Detailed filing. Detailed filing data is available for this year.$3.46$0.87$2.59$3.62$2.67$0.95
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$0.45$1.64$1.76$1.81$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.08$0.34$1.74$1.65$1.66$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.35$1.72$2.18$1.49$0.68
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.35$1.02$1.51$1.30$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.31$0.31$1.27$1.16$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.58$0.38$0.19$0.96$1.31$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.43$0.55$1.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.34$0.48$1.44
2011Summary only. Only limited summary data is available for this year.$0.87$0.47$0.40$1.50$1.50$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits