Civic Intelligence

Public Assets Institute Inc.

990 • Fiscal year 2016 • EIN 16-1703662

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

PO Box 942Montpelier, VT 05601

(802) 223-6677

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

17th percentile

-18%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

97th percentile

$77,480

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$227,063

Down $27,854 (-11%) from 2015

Net Assets

Down

$190,573

Down $50,496 (-21%) from 2015

Liabilities

Up

$36,490

Up $22,642 (+164%) from 2015

Revenue

Up

$281,936

Up $27,902 (+11%) from 2015

Expenses

Up

$332,432

Up $80,738 (+32%) from 2015

Net Income

Down

-$50,496

Down $52,836 (-2258%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $183,970Liabilities 2010: $125Net Assets 2010: $183,8452010Assets 2011: $129,977Liabilities 2011: $02011Assets 2012: $147,497Liabilities 2012: $9,852Net Assets 2012: $137,6452012Assets 2013: $138,222Liabilities 2013: $5,396Net Assets 2013: $132,8262013Assets 2014: $257,594Liabilities 2014: $18,865Net Assets 2014: $238,7292014Assets 2015: $254,917Liabilities 2015: $13,848Net Assets 2015: $241,0692015Assets 2016: $227,063Liabilities 2016: $36,490Net Assets 2016: $190,5732016Assets 2017: $156,096Liabilities 2017: $21,512Net Assets 2017: $134,5842017Assets 2018: $159,550Liabilities 2018: $19,711Net Assets 2018: $139,8392018Assets 2019: $340,649Liabilities 2019: $28,015Net Assets 2019: $312,6342019Assets 2020: $462,589Liabilities 2020: $95,307Net Assets 2020: $367,2822020Assets 2021: $375,614Liabilities 2021: $47,022Net Assets 2021: $328,5922021Assets 2022: $528,161Liabilities 2022: $42,704Net Assets 2022: $485,4572022Assets 2023: $490,161Liabilities 2023: $31,482Net Assets 2023: $458,6792023

Highlighted filing

2016

Assets$227,063
Liabilities$36,490
Net Assets$190,573

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $246,142Expenses 2010: $248,307Net Income 2010: -$2,1652010Revenue 2011: $188,381Expenses 2011: $242,249Net Income 2011: -$53,8682011Expenses 2012: $250,6422012Expenses 2013: $265,9612013Revenue 2014: $373,723Expenses 2014: $254,323Net Income 2014: $119,4002014Revenue 2015: $254,034Expenses 2015: $251,694Net Income 2015: $2,3402015Revenue 2016: $281,936Expenses 2016: $332,432Net Income 2016: -$50,4962016Revenue 2017: $257,708Expenses 2017: $320,051Net Income 2017: -$62,3432017Revenue 2018: $305,414Expenses 2018: $300,159Net Income 2018: $5,2552018Revenue 2019: $522,358Expenses 2019: $349,563Net Income 2019: $172,7952019Revenue 2020: $527,742Expenses 2020: $473,094Net Income 2020: $54,6482020Revenue 2021: $475,041Expenses 2021: $513,731Net Income 2021: -$38,6902021Revenue 2022: $739,196Expenses 2022: $582,331Net Income 2022: $156,8652022Revenue 2023: $555,832Expenses 2023: $582,610Net Income 2023: -$26,7782023

Highlighted filing

2016

Revenue$281,936
Expenses$332,432
Net Income-$50,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$281,936
Mission and Program Overview

Mission

Conduct research, perform fiscal analysis, disseminate information, develop policies that apply the powers of government to improve the well-being of ordinary citizens, especially the most vulnerable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$203,671$191,644▼ $12,027
Cash and Non-Interest-Bearing Accounts$7,022$18,719▲ $11,697
Pledges and Grants Receivable$42,000$14,725▼ $27,275
Land, Buildings, and Equipment, Net$714$466▼ $248
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$254,917$227,063▼ $27,854
Other Assets Total$1,510$1,509▼ $1
Liabilities
Accounts Payable and Accrued Expenses$13,848$36,490▲ $22,642
Total Liabilities$13,848$36,490▲ $22,642
Net Assets / Fund Balance
Unrestricted Net Assets$241,069$190,573▼ $50,496
Total Net Assets Fund Balance$241,069$190,573▼ $50,496
Total Liabilities and Net Assets / Fund Balance$254,917$227,063▼ $27,854

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$466$4,955$5,421
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul CilloPresidentPT$77,480$77,480

Board Members and Trustees

NameTitle
Larry MandellChairman
Steve GoldVice Chair
Gaye SymingtonBoard Member
Scudder ParkerBoard Member
Tiffany BluemleBoard Member
Sheila ReedSecretary
Carlen FinnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$234,820
Program Service Revenue
$46,630
Investment Income
$486
Other Revenue
$0
All Other Contributions
$234,820
Change in Net Assets
$-50,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$274,568
Other Expenses$57,864
Total Fundraising Expense$29,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,282$14,814$7,847$161,943
Current Officers, Directors, Trustees, and Key Employees$58,110$7,748$11,622$77,480
Occupancy$13,893$2,977$2,977$19,847
Other Employee Benefits$15,384$1,217$1,328$17,929
Payroll Taxes$14,342$1,672$1,202$17,216
Fees for Services Other$14,910-$525$15,435
Travel$6,047$300$644$6,991
Fees for Services Accounting-$4,300-$4,300
Information Technology$962$33$709$1,704
Office Expenses$236$1,389-$1,625
Insurance-$1,392-$1,392
All Other Expenses$572$185$405$1,162
Other Expenses$262$338$333$933
Conferences and Meetings$412$309-$721
Depreciation Depletion-$248-$248
Total Functional Expenses$265,395$37,128$29,909$332,432
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft is provided to the board. Questions if any are submitted to the accountant.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members sign statements regarding compliance with conflict of interest policy. The statement includes a "duty to disclose" clause. Any potential conflict is discussed during board meetings. Statements are reviewed annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board compares the compensation of the executive director with non-profits of similar size and mission.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon consideration of the board.

Filing and Contact Details

Filer

Filer Name
Public Assets Institute Inc
EIN
16-1703662
Phone
8022236677
Address
PO Box 942, Montpelier, VT 05601

Signing Officer

Name
Paul Cillo
Title
President
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Vt
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
2

Preparer

Firm
Pace and Hawley
Address
PO BOX 603, MONTPELIER, VT 05601-0603
Preparer
Robert Pace
Phone
8024612587
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1338
IRS990/OtherExpensesGrp/ProgramServicesAmt0655
IRS990/OtherExpensesGrp/ProgramServicesAmt1328
IRS990/OtherExpensesGrp/ProgramServicesAmt2262
IRS990/OtherExpensesGrp/TotalAmt01313
IRS990/OtherExpensesGrp/TotalAmt11219
IRS990/OtherExpensesGrp/TotalAmt2974
IRS990/OtherExpensesGrp/TotalAmt3933
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt07847
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014814
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0139282
IRS990/OtherSalariesAndWagesGrp/TotalAmt0161943
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01202
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01672
IRS990/PayrollTaxesGrp/ProgramServicesAmt014342
IRS990/PayrollTaxesGrp/TotalAmt017216
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt042000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt014725
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0Contracts
IRS990/ProgramServiceRevenueGrp/Desc1Speaking Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt046000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1630
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0221844
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0368
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt042485
IRS990/PYProgramServiceRevenueAmt031822
IRS990/PYRevenuesLessExpensesAmt02340
IRS990/PYSalariesCompEmpBnftPaidAmt0209209
IRS990/PYTotalExpensesAmt0251694
IRS990/PYTotalRevenueAmt0254034
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-50496
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt046630
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0203671
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0191644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0234820
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0221844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0317872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0235966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0223445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01233947
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0486
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0735
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0547
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02612
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0133568
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.53200
IRS990ScheduleA/PublicSupportPY170Pct00.50010
IRS990ScheduleA/PublicSupportTotal170Amt0657871
IRS990ScheduleA/SubstantialContributorsTotAmt0576076
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0234820
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0221844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0317872
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0235966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0223445
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01233947
IRS990ScheduleA/TotalSupportAmt01236559
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt016690
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt012587
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt012716
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt013298
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt055291
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt066761
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt050348
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt050865
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt053192
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0221166
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt01373
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt045
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt0431
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt025872
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt027721
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/Form4720FiledInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrassrootsCeilingAmt082937
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt016690
IRS990ScheduleC/LobbyingCeilingAmt0331749
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt066761
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0332432
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt01373
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0333805
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt01373
IRS990ScheduleD/EquipmentGrp/BookValueAmt0466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05421
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0466
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft is provided to the board. Questions if any are submitted to the accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members sign statements regarding compliance with conflict of interest policy. The statement includes a "duty to disclose" clause. Any potential conflict is discussed during board meetings. Statements are reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board compares the compensation of the executive director with non-profits of similar size and mission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon consideration of the board.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.90$0.31$4.59$5.56$5.83$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$0.43$4.85$7.39$5.82$1.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.47$3.29$4.75$5.14$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$0.95$3.67$5.28$4.73$0.55
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$0.28$3.13$5.22$3.50$1.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.60$0.20$1.40$3.05$3.00$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.22$1.35$2.58$3.20$0.62
2016Detailed filing. Detailed filing data is available for this year.$2.27$0.36$1.91$2.82$3.32$0.50
2015Detailed filing. Detailed filing data is available for this year.$2.55$0.14$2.41$2.54$2.52$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.19$2.39$3.74$2.54$1.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.05$1.33$2.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.10$1.38$2.51
2011Summary only. Only limited summary data is available for this year.$1.30$0.00$1.88$2.42$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.00$1.84$2.46$2.48$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits