Civic Intelligence

Btcf Resources Inc Co Berkshire

990 • Fiscal year 2019 • EIN 04-3585223

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

800 North Main StreetSheffield, 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

0.34x

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

4.83x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

35th percentile

-1.3%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

96th percentile

$206,386

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 420.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

29th percentile

-3.1%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

41st percentile

0.0%

Faster revenue growth than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$704,744

Down $22,810 (-3.1%) from 2018

Net Assets

Down

$467,886

Down $638 (-0.1%) from 2018

Liabilities

Down

$236,858

Down $22,172 (-8.6%) from 2018

Revenue

Flat

$49,085

Flat from 2018

Expenses

Down

$49,723

Down $3,234 (-6.1%) from 2018

Net Income

Up

-$638

Up $3,234 (+84%) from 2018

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

2019

Assets$704,744
Liabilities$236,858
Net Assets$467,886

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

2019

Revenue$49,085
Expenses$49,723
Net Income-$638
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$49,085
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$709,237$692,278▼ $16,959
Cash and Non-Interest-Bearing Accounts$18,317$12,466▼ $5,851
Total Assets$727,554$704,744▼ $22,810
Liabilities
Unsecured Notes Loans Payable$256,356$234,184▼ $22,172
Accounts Payable and Accrued Expenses$2,674$2,674→ $0
Total Liabilities$259,030$236,858▼ $22,172
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$468,524$467,886▼ $638
Total Net Assets Fund Balance$468,524$467,886▼ $638
Total Liabilities and Net Assets / Fund Balance$727,554$704,744▼ $22,810

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$402,982$151,758$554,740
Other Land Buildings$172,724$214,337$387,061
Land$113,996-$113,996
Equipment$2,576$15,812$18,388
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Joseph BakerBtcf Vice President of FinPT$90,888$90,888

Board Members and Trustees

NameTitle
Sarah StackChair
Peter TaylorBtcf President
Robert W NorrisVice Chair
Thomas QuinnBoard Member
Henry Putzel IiiDirector
Kelly MorganDirector
Emilie PryorSecretary
Richard WeiningerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$49,085
Change in Net Assets
$-638
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,723
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-$38,193-$38,193
Interest-$9,912-$9,912
Other Expenses-$30-$30
Total Functional Expenses$0$49,723$0$49,723
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 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
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 joseph baker are employees of a related organization of which board members sarah stack, robert w. Norris, richard weininger, emilie pryor, henry putzel iii, thomas quinn, and kelly morgan 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, SHEFFIELD, MA 01257

Signing Officer

Name
Peter Taylor
Title
President
Phone
4132290370
Signed
2020-11-12
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
7

Preparer

Firm
Blum Shapiro & Company Pc
Address
29 S MAIN STREET PO BOX 272000, WEST HARTFORD, CT 06127-2000
Preparer
Lori M Budnick
Phone
8605614000
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.

Raw XML AppendixShowing 400 of 440 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/Form990PartVIISectionAGrp/TitleTxt0BTCF PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BTCF VICE PRESIDENT OF FIN
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0151758
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0554740
IRS990ScheduleD/EquipmentGrp/BookValueAmt02576
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015812
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt018388
IRS990ScheduleD/LandGrp/BookValueAmt0113996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0113996
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0172724
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0214337
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0387061
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0692278
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0167154
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024895
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013122
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt01215
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PETER TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BTCF PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0206386
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 JOSEPH BAKER ARE EMPLOYEES OF A RELATED ORGANIZATION OF WHICH BOARD MEMBERS SARAH STACK, ROBERT W. NORRIS, RICHARD WEININGER, EMILIE PRYOR, HENRY PUTZEL III, THOMAS QUINN, AND KELLY MORGAN 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0727554
IRS990/TotalAssetsEOYAmt0704744
IRS990/TotalAssetsGrp/BOYAmt0727554
IRS990/TotalAssetsGrp/EOYAmt0704744
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049723
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt049723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0259030
IRS990/TotalLiabilitiesEOYAmt0236858
IRS990/TotalLiabilitiesGrp/BOYAmt0259030
IRS990/TotalLiabilitiesGrp/EOYAmt0236858
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0468524
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0467886
IRS990/TotalOtherCompensationAmt049901
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt049085
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt049085
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0727554
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0704744
IRS990/TotReportableCompRltdOrgAmt0247373
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0256356
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0234184
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 NORTH MAIN STREET PO BOX 400
IRS990/USAddress/CityNm0SHEFFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001257

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