Higher Works Collaborative EIN 83-0930283 Form 990 (PDF) Claim this org

Higher Works Collaborative FY2022 filing

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Empowers BIPOC communities through development initiatives and support programs. For fiscal year 2022 it reported $372K in revenue, $465K in expenses, and $10K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Saint Cloud, MN
Filings
5 on file (2019–2022)
Revenue
$372KFY2022
Expenses
$465K
Net assets
$10K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0930283 Public charity (501(c)(3)) Saint Cloud, MN
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →
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Size
$100K–1M
What they do
Empowers BIPOC communities through development initiatives and support programs.
Leadership
Natoyia Alberts · Exec Adminis · $32K
Money in and out
$372K revenue, $465K expenses
Bottom line
65% program efficiency
Where the money goes · FY2022
Total revenue
$372K
Pt VIII · Ln 12
Total expenses
$465K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$93K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.20 Fundraising $0.15
Program efficiency
65%
of spending reaches programs
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$372K
FY2022▲ +27%
Expenses
$465K
FY2022▲ +120%
Total assets
$14K
FY2022▼ -87%
Total liabilities
$3K
FY2022▲ +122%
Total revenue
$372K
Pt VIII · Ln 12
Total expenses
$465K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$93K
Total assetsPt X · Ln 16$14K
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHigher Works Collaborative
EINHdr · item D83-0930283
Principal addressHdr · item CSaint Cloud, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A99)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Exec Adminis
$32,160Pt VII · Sec A
Operations D
$8,600Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Natoyia Alberts’s $38K as Exec Adminis is at the 33rd percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020FY2019
Natoyia Alberts$37,671$32,160$22,080$605$2,450
Buddy King$8,305$8,600$7,200$7,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $185K of program spending, described in the organization's own filed words · FY2021.
01

Arts & Community Development

At the heart of our work are the voices of the community that we represent. HWC provides outlets for service in our community and opportunities for our community to speak to the world. The celebration of juneteenth, theatrical productions, arts projects, sports events, and youth engagement and more are how we show up in the community and…

$84Kprogram expense
02

Housing

Support of community needs in housing, from rental assistance to homeownership. "homeless to homeownership" is a program designed to adjust to the needs of the participant. This year also introduced rashad's house, a male transitional housing program for men needing housing options that are supportive of a new direction along their life…

$68Kprogram expense
03

General Crisis and Support

We all need help sometimes and through small bits of help such as gas cards, food cards, bus passes, rental assistance, car maintenance, and more we help a community struggling to survive to make it another day. We search for resources that already exist but there are cases where there is nowhere else to turn.

$32Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$362K · 97%
Program service revenue$10K · 3%
Contributions & grants97%$362K
Program service revenue3%$10K
— government grantsLn 1e$109K
Total revenueLn 12$372K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.20 Fundraising $0.15
Program services65%$304K
Management & general20%$93K
Fundraising15%$68K
Total functional expensesLn 25$465K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$14K
Total liabilitiesLn 26$3K
Total net assetsLn 32$10K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $465K
0.4 months
Where the money goes
Program services
Program services $304K · Total expenses $465K
65%
Management & General
Management & general $93K · Total expenses $465K
20%
Fundraising
Fundraising $68K · Total expenses $465K
15%
Cost to raise $1
Fundraising expense (2-yr avg) $43K · Solicited contributions (2-yr avg) $200K
$0.22 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $362K · Total revenue $372K
97%
Government reliance
Government grants $109K · Total revenue $372K
29%
Earned-income share
Program service revenue $10K · Total revenue $372K
3%
Investment reliance
Investment income $0 · Total revenue $372K
0%
Program self-sufficiency
Program service revenue $10K · Total expenses $465K
2%
Growth & trend
Revenue growth (YoY)
This year $372K · Prior year $293K
+27%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $372K · Expenses $465K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $14K
Net-asset ratio
Net assets $10K · Total assets $14K
76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Natoyia Alberts · Reported title EXEC ADMINIS · Highest reported compensation $32K · Total expenses $465K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $147K · Total expenses $465K
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 20%
Fundraising cost ratio 19%
Revenue growth 27%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
CommunitygivingFY2024$16K
Total grants receivedfrom 3 funders$41K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$372K revenue · ⤓ 990 PDF
FY2022$372K revenue · viewing · ⤓ 990 PDF
FY2021$293K revenue · ⤓ 990 PDF
FY2020$54K revenue · ⤓ 990 PDF
FY2019$5K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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