Civic Intelligence

Washington Cash DBA Ventures

990 • Fiscal year 2021 • EIN 91-1704028

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 17, 2022

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

68th percentile

0.20x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.29x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

66th percentile

23%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$152,177

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

64th percentile

18%

Faster asset growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$4,062,617

Up $607,363 (+18%) from 2020

Net Assets

Up

$3,245,511

Up $658,888 (+25%) from 2020

Liabilities

Down

$817,106

Down $51,525 (-5.9%) from 2020

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin66th percentile

Revenue

Down

$2,865,608

Down $752,021 (-21%) from 2020

Expenses

Down

$2,206,720

Down $461,751 (-17%) from 2020

Net Income

Down

$658,888

Down $290,270 (-31%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2021

Assets$4,062,617
Liabilities$817,106
Net Assets$3,245,511
Open 2021 Filing

Operations Trend

Revenue Growth13th 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

2021

Revenue$2,865,608
Expenses$2,206,720
Net Income$658,888
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 17, 2022
Return Version
2021v4.2
Gross Receipts
$2,865,608
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 provides a robust kit of services including business training, coaching, microloans,access to market, incubation and hands-on learning, specifically designed to equip low income individuals to lift themselves out of poverty by launching their own micro business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,816,934$2,195,049▲ $378,115
Savings and Temporary Cash Investments$440,621$1,147,813▲ $707,192
Pledges and Grants Receivable$931,610$479,710▼ $451,900
Other Notes and Loans Receivable, Net$201,099$157,185▼ $43,914
Land, Buildings, and Equipment, Net$53,780$57,682▲ $3,902
Accounts Receivable-$15,109-
Prepaid Expenses and Deferred Charges$11,210$10,069▼ $1,141
Total Assets$3,455,254$4,062,617▲ $607,363
Liabilities
Unsecured Notes Loans Payable$365,000$321,478▼ $43,522
Mortgage Notes Payable Secured by Investment Property$380,246$196,495▼ $183,751
Other Liabilities-$178,316-
Accounts Payable and Accrued Expenses$123,385$120,817▼ $2,568
Total Liabilities$868,631$817,106▼ $51,525
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,721,623$2,336,953▲ $615,330
Net Assets With Donor Restrictions$865,000$908,558▲ $43,558
Total Net Assets Fund Balance$2,586,623$3,245,511▲ $658,888
Total Liabilities and Net Assets / Fund Balance$3,455,254$4,062,617▲ $607,363

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,454$225,088$246,542
Leasehold Improvements$36,228$26,223$62,451
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carlos a Sanchez-yarceExecutive DirectorFT$142,458$9,719$152,177

Board Members and Trustees

NameTitle
Octaiviea ReneePresident
David GoldbergVice President
David SpicerDirector
Doug HallDirector
Erik WintersDirector
Jamie SherbondyDirector
John YuDirector
Lisa TaylorDirector
Ronny MendietaDirector
Ximena JuarezDirector
Yesenia CelestinoDirector
Renee MartinSecretary
Chris RooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,536,951
Program Service Revenue
$76,888
Investment Income
$2,649
Other Revenue
$249,120
All Other Contributions
$1,816,382
Change in Net Assets
$658,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,865,608
Total Revenue per Audited Statements
$2,865,608
Total Revenue per Form 990
$2,865,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,420,106
Other Expenses$572,467
Total Fundraising Expense$400,415
Grants and Similar Amounts Paid$214,147
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$742,958$91,915$183,985$1,018,858
Grants to Domestic Orgs$214,147--$214,147
All Other Expenses$74,011-$80,954$154,965
Other Expenses$104,533$10,453$34,348$149,334
Current Officers, Directors, Trustees, and Key Employees$85,475$14,246$42,738$142,459
Other Employee Benefits$94,134$14,482$12,069$120,685
Payroll Taxes$79,318$9,813$19,642$108,773
Occupancy$94,171$7,992-$102,163
Office Expenses$29,978$15,942$5,955$51,875
Information Technology$28,427$5,487$3,988$37,902
Pension Plan Contributions$22,878$3,520$2,933$29,331
Fees for Services Accounting$5,708$21,406$1,427$28,541
Depreciation Depletion$10,166$2,905$1,452$14,523
Travel$1,895$88$7,763$9,746
Insurance$7,670$1,450$575$9,695
Advertising$361-$1,208$1,569
Total Functional Expenses$1,601,017$205,288$400,415$2,206,720

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,206,720
Total Expenses per Audited Statements$2,206,720
Total Expenses per Form 990$2,206,720
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Innoventures$114,918$114,918$6,592$108,326
Total Events$114,918$114,918$42,822$72,096
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$178,316
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
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 990 and board votes to approve the form before 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 501 commons nonprofit wage survey 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
Laura Donaldson-fletcher
Title
Interim Exec D
Phone
2069058442
Signed
2022-09-17
Discuss with paid preparer
No

Organization Details

Principal Officer
Carlos a Sanchez-yarce
Formed
1995
Legal Domicile
Wa
Voting Board Members
13
Independent Board Members
13
Employees
29
Volunteers
109

Preparer

Firm
Boogles Books LLC
Address
4 MILLS RD 183, NEWCASTLE, ME 04553
Preparer
Elisabeth Riehle
Phone
3176062886
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
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IRS990/ProgSrvcAccomActy2Grp/Desc0FINANCIAL PRODUCTS: OVER $90,000 IN BUSINESS GRANTS AWARDED TO 175 BUSINESSES AND INDIVIDUALS, 46 NEW LOANS TOTALING OVER $160,000 IN LOAN FUNDS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0BUSINESS INCUBATORS(RETAIL & FOOD): 72 ACTIVE RETAIL VENDORS, 1 RETAIL INCUBATOR STORE, IT IS A 50/50 CONSIGNMENT, $58,577 GENERATED FOR CLIENTS THROUGH THE STORE.
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Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,062,617
Liabilities
$817,106
Net assets
$3,245,511
Revenue
$2,865,608
Expenses
$2,206,720
Net income
$658,888
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
2021Detailed filing. Detailed filing data is available for this year.$4.06$0.82$3.25$2.87$2.21$0.66
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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. 2021 filings • 501(c)3 • $1M-$5M nonprofits