Civic Intelligence

Btcf Resources Inc Co Berkshire

990 • Fiscal year 2017 • EIN 04-3585223

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

800 North Main Street PO Box 400Sheffield, MA 01257

(413) 229-0370

Siviq Scores

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

Liabilities / Assets

80th percentile

0.37x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

7.14x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$192,306

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 488.6% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

25th percentile

-4.3%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-54%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$753,612

Down $33,902 (-4.3%) from 2016

Net Assets

Down

$472,396

Down $15,069 (-3.1%) from 2016

Liabilities

Down

$281,216

Down $18,833 (-6.3%) from 2016

Revenue

Down

$39,360

Down $45,706 (-54%) from 2016

Expenses

Down

$54,429

Down $1,484 (-2.7%) from 2016

Net Income

Down

-$15,069

Down $44,222 (-152%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $815,129Liabilities 2010: $543,404Net Assets 2010: $271,7252010Assets 2011: $787,224Liabilities 2011: $463,115Net Assets 2011: $324,1092011Assets 2012: $820,126Liabilities 2012: $394,627Net Assets 2012: $425,4992012Assets 2013: $783,125Liabilities 2013: $365,965Net Assets 2013: $417,1602013Assets 2014: $781,259Liabilities 2014: $345,396Net Assets 2014: $435,8632014Assets 2015: $781,106Liabilities 2015: $322,794Net Assets 2015: $458,3122015Assets 2016: $787,514Liabilities 2016: $300,049Net Assets 2016: $487,4652016Assets 2017: $753,612Liabilities 2017: $281,216Net Assets 2017: $472,3962017Assets 2018: $727,554Liabilities 2018: $259,030Net Assets 2018: $468,5242018Assets 2019: $704,744Liabilities 2019: $236,858Net Assets 2019: $467,8862019Assets 2020: $693,230Liabilities 2020: $216,302Net Assets 2020: $476,9282020Assets 2021: $633,033Liabilities 2021: $189,766Net Assets 2021: $443,2672021Assets 2022: $593,635Liabilities 2022: $164,773Net Assets 2022: $428,8622022Assets 2023: $555,369Liabilities 2023: $138,838Net Assets 2023: $416,5312023Assets 2024: $538,011Liabilities 2024: $118,399Net Assets 2024: $419,6122024

Highlighted filing

2017

Assets$753,612
Liabilities$281,216
Net Assets$472,396

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $123,066Expenses 2010: $102,904Net Income 2010: $20,1622010Revenue 2011: $102,371Expenses 2011: $49,987Net Income 2011: $52,3842011Revenue 2012: $462,249Expenses 2012: $360,859Net Income 2012: $101,3902012Revenue 2013: $44,054Expenses 2013: $52,393Net Income 2013: -$8,3392013Revenue 2014: $64,489Expenses 2014: $45,786Net Income 2014: $18,7032014Revenue 2015: $68,711Expenses 2015: $46,262Net Income 2015: $22,4492015Revenue 2016: $85,066Expenses 2016: $55,913Net Income 2016: $29,1532016Revenue 2017: $39,360Expenses 2017: $54,429Net Income 2017: -$15,0692017Revenue 2018: $49,085Expenses 2018: $52,957Net Income 2018: -$3,8722018Revenue 2019: $49,085Expenses 2019: $49,723Net Income 2019: -$6382019Revenue 2020: $61,085Expenses 2020: $52,043Net Income 2020: $9,0422020Revenue 2021: $32,085Expenses 2021: $65,746Net Income 2021: -$33,6612021Revenue 2022: $32,085Expenses 2022: $46,490Net Income 2022: -$14,4052022Revenue 2023: $32,410Expenses 2023: $44,741Net Income 2023: -$12,3312023Revenue 2024: $39,006Expenses 2024: $35,925Net Income 2024: $3,0812024

Highlighted filing

2017

Revenue$39,360
Expenses$54,429
Net Income-$15,069
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$39,360
Mission and Program Overview

Mission

Btcf resources is a supporting organization to berkshire taconic community foundation formed to hold real estate for the charitable benefit of one or more charitable funds held by berkshire taconic community foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$760,532$747,587▼ $12,945
Cash and Non-Interest-Bearing Accounts$26,982$6,025▼ $20,957
Total Assets$787,514$753,612▼ $33,902
Liabilities
Unsecured Notes Loans Payable$300,049$277,661▼ $22,388
Accounts Payable and Accrued Expenses$0$3,555▲ $3,555
Total Liabilities$300,049$281,216▼ $18,833
Net Assets / Fund Balance
Unrestricted Net Assets$487,465$472,396▼ $15,069
Total Net Assets Fund Balance$487,465$472,396▼ $15,069
Total Liabilities and Net Assets / Fund Balance$787,514$753,612▼ $33,902

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$432,135$122,605$554,740
Other Land Buildings$197,884$167,374$365,258
Land$113,996-$113,996
Equipment$3,572$14,816$18,388
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sarah StackChair
Peter TaylorBtcf President
Robert W NorrisVice Chair
Anthony J PietrantoneBtcf Vice President of Fin
Thomas QuinnBoard Member
Peter PutzelDirector
Vera WeintraubDirector
Emilie PryorSecretary
Gloria Gaines CallenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$39,360
Change in Net Assets
$-15,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,429
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
Depreciation Depletion-$38,273-$38,273
Interest-$12,621-$12,621
Other Expenses-$47-$47
Total Functional Expenses$0$54,429$0$54,429
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
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 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 2

Officers peter taylor and anthony j. Pietrantone are employees of a related organization of which board members sarah stack, robert w. Norris, gloria gaines callen, thomas quinn, and vera weintraub are also board members.

Form 990, Part VI, Section B, Line 11B

The vice president of finance and administration distributes the form 990 to the board of directors prior to filing and reviews the form with the board annually.

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

There is an annual review by board members for any updates

Form 990, Part VI, Section C, Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Btcf Resources Inc Co Berkshire
EIN
04-3585223
Phone
4132290370
Address
800 NORTH MAIN STREET PO BOX 400, SHEFFIELD, MA 01257

Signing Officer

Name
Peter Taylor
Title
President
Phone
4132290370
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Taylor
Formed
2001
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Blum Shapiro & Company Pc
Address
ONE INTERNATIONAL PLACE 16TH FLOOR, BOSTON, MA 02110
Preparer
Laura J Kenney
Phone
6172211944
Supplemental Narrative

Additional Explanations

FORM 990, PART XII. LINE 2C:

The organization has not changed its oversight process or selection process during the tax year.

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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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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0154821
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1130606
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026966
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt126276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PETER TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANTHONY J PIETRANTONE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BTCF PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BTCF VICE PRESIDENT OF FIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0192306
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1156882
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE RELATED ORGANIZATION UTILIZES INDEPENDENT COMPENSATION CONSULTANTS, COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF INDIVIDIUALS NOTED IN PART II OF SCHEDULE J.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J: PART I, QUESTION 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS PETER TAYLOR AND ANTHONY J. PIETRANTONE ARE EMPLOYEES OF A RELATED ORGANIZATION OF WHICH BOARD MEMBERS SARAH STACK, ROBERT W. NORRIS, GLORIA GAINES CALLEN, THOMAS QUINN, AND VERA WEINTRAUB ARE ALSO BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION DISTRIBUTES THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING AND REVIEWS THE FORM WITH THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE IS AN ANNUAL REVIEW BY BOARD MEMBERS FOR ANY UPDATES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 XII. LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BERKSHIRE TACONIC COMMUNITY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0061254469
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GRANT MAKING FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0800 NORTH MAIN STREET PO BOX 400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEFFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001257
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0787514
IRS990/TotalAssetsEOYAmt0753612
IRS990/TotalAssetsGrp/BOYAmt0787514
IRS990/TotalAssetsGrp/EOYAmt0753612
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054429
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt054429
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0300049
IRS990/TotalLiabilitiesEOYAmt0281216
IRS990/TotalLiabilitiesGrp/BOYAmt0300049
IRS990/TotalLiabilitiesGrp/EOYAmt0281216
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0487465
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0472396
IRS990/TotalOtherCompensationAmt063242
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039360
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt039360
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0787514
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0753612
IRS990/TotReportableCompRltdOrgAmt0285946
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0487465
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0472396

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.38$1.18$4.20$0.39$0.36$0.03
2023Detailed filing. Detailed filing data is available for this year.$5.55$1.39$4.17$0.32$0.45$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.94$1.65$4.29$0.32$0.46$0.14
2021Detailed filing. Detailed filing data is available for this year.$6.33$1.90$4.43$0.32$0.66$0.34
2020Detailed filing. Detailed filing data is available for this year.$6.93$2.16$4.77$0.61$0.52$0.09
2019Detailed filing. Detailed filing data is available for this year.$7.05$2.37$4.68$0.49$0.50$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.28$2.59$4.69$0.49$0.53$0.04
2017Detailed filing. Detailed filing data is available for this year.$7.54$2.81$4.72$0.39$0.54$0.15
2016Summary only. Only limited summary data is available for this year.$7.88$3.00$4.87$0.85$0.56$0.29
2015Summary only. Only limited summary data is available for this year.$7.81$3.23$4.58$0.69$0.46$0.22
2014Detailed filing. Detailed filing data is available for this year.$7.81$3.45$4.36$0.64$0.46$0.19
2013Summary only. Only limited summary data is available for this year.$7.83$3.66$4.17$0.44$0.52$0.08
2012Summary only. Only limited summary data is available for this year.$8.20$3.95$4.25$4.62$3.61$1.01
2011Summary only. Only limited summary data is available for this year.$7.87$4.63$3.24$1.02$0.50$0.52
2010Summary only. Only limited summary data is available for this year.$8.15$5.43$2.72$1.23$1.03$0.20