Civic Intelligence

The Cleo Fund

990 • Fiscal year 2016 • EIN 01-0361574

Apr 01, 2015 to Mar 31, 2016 • Filed on Nov 10, 2016

P O Box 43West Kennebunk, ME 04094

(207) 985-3244

Siviq Scores

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

Liabilities / Assets

25th percentile

0.01x

Higher debt load relative to assets than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

76th percentile

$117,945

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

97th percentile

169%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

2010%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,605,517

Up $1,009,294 (+169%) from 2015

Net Assets

Up

$1,588,546

Up $992,655 (+167%) from 2015

Liabilities

Up

$16,971

Up $16,639 (+5012%) from 2015

Revenue

Up

$1,305,749

Up $1,243,863 (+2010%) from 2015

Expenses

Up

$309,722

Up $250,246 (+421%) from 2015

Net Income

Up

$996,027

Up $993,617 (+41229%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $196,094Liabilities 2010: $0Net Assets 2010: $196,0942010Assets 2011: $209,667Liabilities 2011: $0Net Assets 2011: $209,6672011Assets 2012: $210,544Liabilities 2012: $0Net Assets 2012: $210,5442012Assets 2013: $237,087Liabilities 2013: $92Net Assets 2013: $236,9952013Assets 2014: $593,609Liabilities 2014: $128Net Assets 2014: $593,4812014Assets 2015: $596,223Liabilities 2015: $332Net Assets 2015: $595,8912015Assets 2016: $1,605,517Liabilities 2016: $16,971Net Assets 2016: $1,588,5462016

Highlighted filing

2016

Assets$1,605,517
Liabilities$16,971
Net Assets$1,588,546

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $20,2092010Revenue 2011: $43,483Expenses 2011: $29,910Net Income 2011: $13,5732011Expenses 2012: $46,3222012Revenue 2013: $57,745Expenses 2013: $58,653Net Income 2013: -$9082013Revenue 2014: $370,196Expenses 2014: $15,235Net Income 2014: $354,9612014Revenue 2015: $61,886Expenses 2015: $59,476Net Income 2015: $2,4102015Revenue 2016: $1,305,749Expenses 2016: $309,722Net Income 2016: $996,0272016

Highlighted filing

2016

Revenue$1,305,749
Expenses$309,722
Net Income$996,027
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,324,864
Mission and Program Overview

Mission

The organization's mission is to prevent cruelty to unwanted animals by preventing the overbreeding of cats and dogs which might otherwise die of starvation, disease or injury or might suffer a life of abuse and neglect and to aid pet owners who desire to spay or neuter their pets but cannnot otherwise afford the cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$544,180$1,403,219▲ $859,039
Cash and Non-Interest-Bearing Accounts$52,043$183,222▲ $131,179
Land, Buildings, and Equipment, Net$0$19,076▲ $19,076
Total Assets$596,223$1,605,517▲ $1,009,294
Liabilities
Other Liabilities$0$9,779▲ $9,779
Accounts Payable and Accrued Expenses$332$7,192▲ $6,860
Total Liabilities$332$16,971▲ $16,639
Net Assets / Fund Balance
Permanently Rstr Net Assets-$950,000-
Unrestricted Net Assets$588,691$538,597▼ $50,094
Temporarily Rstr Net Assets$7,200$99,949▲ $92,749
Total Net Assets Fund Balance$595,891$1,588,546▲ $992,655
Total Liabilities and Net Assets / Fund Balance$596,223$1,605,517▲ $1,009,294

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,076$841$19,917

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$0$950,000▲ $17,398$15,458$950,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Abigail SmithExecutive DirectorFT$117,945$117,945

Board Members and Trustees

NameTitle
John CavarettaPresident
Catherine ConnorsVice President
John M RhoadesDirector
Susan HallDirector
Katie GraczykCo-treasurer
Sam BishopCo-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,280,618
Program Service Revenue
$0
Investment Income
$17,947
Other Revenue
$7,184
All Other Contributions
$1,280,618
Change in Net Assets
$996,027

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,305,749
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$42,156
Total Revenue per Audited Statements
$1,347,905
Total Revenue per Form 990
$1,305,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$205,779
Salaries, Compensation, and Employee Benefits$103,943
Total Fundraising Expense$4,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,524$13,615-$92,139
Payroll Taxes$7,970$1,407-$9,377
Fees for Service Investment Mgmnt Fees-$6,891-$6,891
Office Expenses$3,465$583$2,019$6,067
Travel$3,811--$3,811
Advertising--$2,329$2,329
Pension Plan Contributions$1,133$200-$1,333
Other Employee Benefits$930$164-$1,094
Depreciation Depletion$841--$841
Other Expenses$613$365-$613
Conferences and Meetings$567--$567
Insurance$315--$315
Fees for Services Other-$75-$75
Total Functional Expenses$282,074$23,300$4,348$309,722

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$355,248
Expenses per Audited Statements$309,722
Total Expenses per Form 990$309,722
Expenses Not Reported on Form 990$45,526
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,208
Fundraising Direct Expenses$0
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
Due To/from Affiliate$9,779
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committes with authority to act on behalf of the board exist, as such no minutes of subcommittes have been recorded.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the president of the board of directors and is made available to all members of the board for review.

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

The executive director oversees all financial and business transactions and monitors compliance with the policy.

Form 990, Part VI, Section C, Line 19

Form 990 is made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Cleo Fund
EIN
01-0361574
Phone
2079853244
Address
P O BOX 43, WEST KENNEBUNK, ME 04094

Signing Officer

Name
Katie Graczyk
Title
Co-treasurer
Phone
2079853244
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie Graczyk
Formed
1978
Legal Domicile
Me
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
225

Preparer

Firm
Cummings Lamont & Mcnamee Pa
Address
ONE NEW HAMPSHIRE AVENUE SUITE 230, PORTSMOUTH, NH 03801
Preparer
Derrick Emery CPA
Phone
6034306200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -2.

Form 990, Part 12, Line 2C

The organization has a formally designated audit committee, starting for fiscal year ending 3/31/16. This was not applicable in prior years.

Financial Statement Notes

PART X, LINE 2:

The federal returns of organization exempt from income tax of the organization is subject to examination generally for three years after they are filed.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt022513
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012871
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0768
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05339
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt041491
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05926
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt07914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02333
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt06022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt08034
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt030229
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt022513
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012871
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0768
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05339
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt041491
IRS990ScheduleA/InvestmentIncomeCYPct00.02270
IRS990ScheduleA/InvestmentIncomePYPct00.03390
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt01208
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt01208
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97660
IRS990ScheduleA/PublicSupportPY509Pct00.96600
IRS990ScheduleA/PublicSupportTotal509Amt01784147
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01286544
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt023625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0368603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt052177
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt053198
IRS990ScheduleA/Total509Grp/TotalAmt01784147
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01310315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt036546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0369371
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt057516
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt053198
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01826946
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01940
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0950000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0950000
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt00
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017398
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015458
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt045526
IRS990ScheduleD/DonatedServicesUseFcltsAmt045526
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt019076
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0841
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019917
IRS990ScheduleD/ExpensesNotReportedAmt045526
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0309722
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO/FROM AFFILIATE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt042156
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01305749
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX OF THE ORGANIZATION IS SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019076
IRS990ScheduleD/TotalExpensesPerForm990Amt0309722
IRS990ScheduleD/TotalLiabilityAmt09779
IRS990ScheduleD/TotalRevenuePerForm990Amt01305749
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01347905
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0355248
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD EXIST, AS SUCH NO MINUTES OF SUBCOMMITTES HAVE BEEN RECORDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND IS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR OVERSEES ALL FINANCIAL AND BUSINESS TRANSACTIONS AND MONITORS COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A FORMALLY DESIGNATED AUDIT COMMITTEE, STARTING FOR FISCAL YEAR ENDING 3/31/16. THIS WAS NOT APPLICABLE IN PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART 12, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ANIMAL WELFARE SOCIETY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237018176
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HUMANE SHELTER AND CARE TO ANIMALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 43
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST KENNEBUNK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0ME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd004094
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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