Civic Intelligence

Closed End Fund Association Inc

990 • Fiscal year 2014 • EIN 04-3403082

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 22, 2014

Organization ProfileWWW.CEFA.COM
2345 Grand BoulevardRoom/Suite 1750Kansas City, MO 64108

(816) 413-8900

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

81st percentile

26%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

89th percentile

39%

Faster revenue growth than 89% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$108,972

Up $22,700 (+26%) from 2013

Net Assets

Up

$108,972

Up $22,700 (+26%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin58th percentile

Revenue

Up

$398,651

Up $111,170 (+39%) from 2013

Expenses

Up

$375,951

Up $80,050 (+27%) from 2013

Net Income

Up

$22,700

Up $31,120 (+370%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$300K$200K$100K$0-$100K-$200KAssets 2011: $70,037Net Assets 2011: $70,0372011Assets 2012: $94,692Liabilities 2012: $0Net Assets 2012: $94,6922012Assets 2013: $86,272Liabilities 2013: $0Net Assets 2013: $86,2722013Assets 2014: $108,972Liabilities 2014: $0Net Assets 2014: $108,9722014Assets 2015: $3,036Liabilities 2015: $469Net Assets 2015: $2,5672015Assets 2016: $122,786Liabilities 2016: $173,412Net Assets 2016: -$50,6262016Assets 2017: $105,340Liabilities 2017: $203,658Net Assets 2017: -$98,3182017Assets 2018: $22,285Liabilities 2018: $93,074Net Assets 2018: -$70,7892018Assets 2019: $104,098Liabilities 2019: $132,610Net Assets 2019: -$28,5122019Assets 2020: $92,264Liabilities 2020: $57,495Net Assets 2020: $34,7692020Assets 2021: $54,181Liabilities 2021: $57,786Net Assets 2021: -$3,6052021Assets 2022: $31,242Liabilities 2022: $73,320Net Assets 2022: -$42,0782022Assets 2023: $13,814Liabilities 2023: $73,671Net Assets 2023: -$59,8572023Assets 2024: $72,293Liabilities 2024: $159,790Net Assets 2024: -$87,4972024Assets 2025: $24,203Liabilities 2025: $134,747Net Assets 2025: -$110,5442025

Highlighted filing

2014

Assets$108,972
Liabilities$0
Net Assets$108,972
Open 2014 Filing

Operations Trend

Revenue Growth89th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $187,728Expenses 2011: $211,969Net Income 2011: -$24,2412011Expenses 2012: $212,9942012Revenue 2013: $287,481Expenses 2013: $295,901Net Income 2013: -$8,4202013Revenue 2014: $398,651Expenses 2014: $375,951Net Income 2014: $22,7002014Revenue 2015: $336,168Expenses 2015: $442,573Net Income 2015: -$106,4052015Revenue 2016: $430,765Expenses 2016: $412,491Net Income 2016: $18,2742016Revenue 2017: $553,482Expenses 2017: $601,174Net Income 2017: -$47,6922017Revenue 2018: $339,770Expenses 2018: $514,241Net Income 2018: -$174,4712018Revenue 2019: $351,071Expenses 2019: $308,795Net Income 2019: $42,2762019Revenue 2020: $286,219Expenses 2020: $281,348Net Income 2020: $4,8712020Revenue 2021: $219,701Expenses 2021: $258,075Net Income 2021: -$38,3742021Revenue 2022: $205,769Expenses 2022: $244,242Net Income 2022: -$38,4732022Revenue 2023: $240,964Expenses 2023: $256,527Net Income 2023: -$15,5632023Revenue 2024: $252,980Expenses 2024: $280,355Net Income 2024: -$27,3752024Revenue 2025: $218,261Expenses 2025: $241,309Net Income 2025: -$23,0482025

Highlighted filing

2014

Revenue$398,651
Expenses$375,951
Net Income$22,700
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 22, 2014
Return Version
2013v3.1
Gross Receipts
$398,651
Mission and Program Overview

Mission

Cefa is committed to educating the investing public about the many benefits of closed end products and to provide a resource for information about its members and their offerings

Cefa is committed to educating the investing public about the many benefits of closed end fund products and to provide a resource for information about its members and their offerings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$82,489$103,772▲ $21,283
Cash and Non-Interest-Bearing Accounts$3,224$2,164▼ $1,060
Total Assets$86,272$108,972▲ $22,700
Other Assets Total$559$3,036▲ $2,477
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$86,272$108,972▲ $22,700
Total Net Assets Fund Balance$86,272$108,972▲ $22,700
Total Liabilities and Net Assets / Fund Balance$86,272$108,972▲ $22,700
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Thomas DinsmorePresident of
Anne KritzmireBoard Member
Chris LagioiaBoard Member
Chris LarsenBoard Member
David ChristensenBoard Member
Doug OberBoard Member
James GibsonBoard Member
Joe MaloneBoard Member
Joseph AndersonBoard Member
Ken HassBoard Member
Kenneth HoBoard Member
Laura WoodwardBoard Member
Michelle KellyBoard Member
Russell ClevelandBoard Member
Mark HaleyBoard Treasu
Brian SmithDirector
Michael a SmedleySec of Board

Highest Paid Contractors

ContractorServicesLocationCompensation
Smith Group INCManagement Co-$188,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$398,330
Investment Income
$32
Other Revenue
$289
Change in Net Assets
$22,700
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$228,000
Conferences and Meetings---$99,681
Information Technology---$22,666
Occupancy---$11,750
Fees for Services Other---$3,750
Fees for Services Accounting---$3,485
Office Expenses---$726
Travel---$518
Insurance---$307
Fees for Services Legal---$154
Other Expenses---$85
All Other Expenses---$66
Total Functional Expenses$0$0$0$375,951
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Smith Group IncManagement CoMgmt Co ServicesNo$188,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

“An executive committee comprised of board members is given responsibility for making decisions for the organization on behalf of the full board.”

Form 990, Page 6, Part VI, Line 3

“The organization contracts with smith group, inc. To perform management duties and day to day operations of the organization. No employee of smith group, inc. Holds voting rights with respect to the organization.”

Form 990, Page 6, Part VI, Line 11B

“The organization's completed form 990 is reviewed by the organization's management. The board of governors is given an opportunity to view the form 990 as well. After the return has been reviewed by all interested parties, and all questions have been answered satisfactorily, the return is filed as final”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

EIN
04-3403082
Phone
8164138900

Signing Officer

Name
Brian Smith
Title
Director
Phone
8164138900
Signed
2014-10-22

Organization Details

Principal Officer
Smith Group Inc
Formed
1998
Legal Domicile
Mo
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Preparer
Steven T Osborne
Phone
8168420960
Raw XML Appendix376 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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322488
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0183250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1132592
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322488
IRS990/ProgSrvcAccomActy2Grp/Desc0CONFERENCES AND SEMINARS PROVIDE A FORUM FOR INDIVIDUALS IN THE CLOSED END FUND INDUSTRY TO COMMUNICATE, ENHANCE BUSINESS RELATIONSHIPS AND INCREASE KNOWLEDGE OF RELEVANT INDUSTRY ISSUES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt064
IRS990/PYOtherExpensesAmt0295901
IRS990/PYOtherRevenueAmt01369
IRS990/PYProgramServiceRevenueAmt0286048
IRS990/PYRevenuesLessExpensesAmt0-8420
IRS990/PYTotalExpensesAmt0295901
IRS990/PYTotalRevenueAmt0287481
IRS990/ReconcilationRevenueExpnssAmt022700
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082489
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0103772
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SMITH GROUP INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MANAGEMENT CO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0188000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MGMT CO SERVICES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART IV, ADDITIONAL INFORMATION: BRIAN SMITH SERVES AS THE DIRECTOR (A NON VOTING POSITION) OF THE ORGANIZATION. BRIAN SMITH HOLDS AN OWNERSHIP INTEREST IN SMITH GROUP, INC. SMITH GROUP, INC. PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION AS AN INDEPENDENT CONTRACTOR. AMOUNTS PAID TO SMITH GROUP, INC. ARE DISCLOSED IN PART VII, SECTION B. BRIAN SMITH'S COMPENSATION IS PAID BY SMITH GROUP, INC.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN EXECUTIVE COMMITTEE COMPRISED OF BOARD MEMBERS IS GIVEN RESPONSIBILITY FOR MAKING DECISIONS FOR THE ORGANIZATION ON BEHALF OF THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONTRACTS WITH SMITH GROUP, INC. TO PERFORM MANAGEMENT DUTIES AND DAY TO DAY OPERATIONS OF THE ORGANIZATION. NO EMPLOYEE OF SMITH GROUP, INC. HOLDS VOTING RIGHTS WITH RESPECT TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. THE BOARD OF GOVERNORS IS GIVEN AN OPPORTUNITY TO VIEW THE FORM 990 AS WELL. AFTER THE RETURN HAS BEEN REVIEWED BY ALL INTERESTED PARTIES, AND ALL QUESTIONS HAVE BEEN ANSWERED SATISFACTORILY, THE RETURN IS FILED AS FINAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt086272
IRS990/TotalAssetsEOYAmt0108972
IRS990/TotalAssetsGrp/BOYAmt086272
IRS990/TotalAssetsGrp/EOYAmt0108972
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0375951
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108972
IRS990/TotalProgramServiceRevenueAmt0398330
IRS990/TotalRevenueGrp/ExclusionAmt032
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0398619
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0398651
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt086272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0108972
IRS990/TravelGrp/TotalAmt0518
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt086272
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0108972
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine102345 GRAND BOULEVARD SUITE 1750
IRS990/USAddress/City0KANSAS CITY
IRS990/USAddress/State0MO
IRS990/USAddress/ZIPCode064108
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.CEFA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08164138900
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-22
ReturnHeader/Filer/BusinessName/BusinessNameLine10CLOSED END FUND ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CLOS
ReturnHeader/Filer/EIN0043403082
ReturnHeader/Filer/PhoneNum08164138900
ReturnHeader/Filer/USAddress/AddressLine102345 GRAND BOULEVARD
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 1750
ReturnHeader/Filer/USAddress/City0KANSAS CITY
ReturnHeader/Filer/USAddress/State0MO
ReturnHeader/Filer/USAddress/ZIPCode064108
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431395134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10STEVEN T OSBORNE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine102101 BURLINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0N KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode064116
ReturnHeader/PreparerPersonGrp/PhoneNum08168420960
ReturnHeader/PreparerPersonGrp/PreparationDt02014-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN T OSBORNE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-12-23T16:19:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$108,972
Liabilities
$0
Net assets
$108,972
Revenue
$398,651
Expenses
$375,951
Net income
$22,700
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.24$1.35$1.11$2.18$2.41$0.23
2024Detailed filing. Detailed filing data is available for this year.$0.72$1.60$0.87$2.53$2.80$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.74$0.60$2.41$2.57$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.73$0.42$2.06$2.44$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.54$0.58$0.04$2.20$2.58$0.38
2020Detailed filing. Detailed filing data is available for this year.$0.92$0.57$0.35$2.86$2.81$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.04$1.33$0.29$3.51$3.09$0.42
2018Detailed filing. Detailed filing data is available for this year.$0.22$0.93$0.71$3.40$5.14$1.74
2017Detailed filing. Detailed filing data is available for this year.$1.05$2.04$0.98$5.53$6.01$0.48
2016Detailed filing. Detailed filing data is available for this year.$1.23$1.73$0.51$4.31$4.12$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$3.36$4.43$1.06
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$3.99$3.76$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.00$0.86$2.87$2.96$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$2.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.70$1.88$2.12$0.24