Civic Intelligence

Intercambio De Comunidades

990 • Fiscal year 2016 • EIN 20-0078381

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

4735 Walnut Street Ste BBoulder, CO 80301

(303) 996-0275

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$1,700,814

Down $45,493 (-2.6%) from 2015

Net Assets

Up

$1,639,351

Up $157,876 (+11%) from 2015

Liabilities

Down

$61,463

Down $203,369 (-77%) from 2015

Revenue And Expenses

Revenue

Down

$1,057,390

Down $85,317 (-7.5%) from 2015

Expenses

Up

$898,425

Up $154,245 (+21%) from 2015

Net Income

Down

$158,965

Down $239,562 (-60%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $959,314Liabilities 2011: $24,034Net Assets 2011: $935,2802011Assets 2012: $912,987Liabilities 2012: $34,270Net Assets 2012: $878,7172012Assets 2013: $932,926Liabilities 2013: $24,304Net Assets 2013: $908,6222013Assets 2014: $1,105,722Liabilities 2014: $23,018Net Assets 2014: $1,082,7042014Assets 2015: $1,746,307Liabilities 2015: $264,832Net Assets 2015: $1,481,4752015Assets 2016: $1,700,814Liabilities 2016: $61,463Net Assets 2016: $1,639,3512016Assets 2017: $2,158,595Liabilities 2017: $82,148Net Assets 2017: $2,076,4472017Assets 2018: $2,042,839Liabilities 2018: $107,439Net Assets 2018: $1,935,4002018Assets 2019: $2,024,351Liabilities 2019: $111,004Net Assets 2019: $1,913,3472019Assets 2020: $2,342,694Liabilities 2020: $306,409Net Assets 2020: $2,036,2852020Assets 2021: $2,792,691Liabilities 2021: $500,785Net Assets 2021: $2,291,9062021Assets 2022: $2,746,026Liabilities 2022: $122,394Net Assets 2022: $2,623,6322022Assets 2023: $2,516,935Liabilities 2023: $169,572Net Assets 2023: $2,347,3632023Assets 2024: $4,037,749Liabilities 2024: $147,227Net Assets 2024: $3,890,5222024

Highlighted filing

2016

Assets$1,700,814
Liabilities$61,463
Net Assets$1,639,351

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $604,090Expenses 2011: $689,454Net Income 2011: -$85,3642011Revenue 2012: $317,175Expenses 2012: $376,664Net Income 2012: -$59,4892012Revenue 2013: $630,912Expenses 2013: $605,388Net Income 2013: $25,5242013Revenue 2014: $827,583Expenses 2014: $662,024Net Income 2014: $165,5592014Revenue 2015: $1,142,707Expenses 2015: $744,180Net Income 2015: $398,5272015Revenue 2016: $1,057,390Expenses 2016: $898,425Net Income 2016: $158,9652016Revenue 2017: $1,603,649Expenses 2017: $1,169,938Net Income 2017: $433,7112017Revenue 2018: $1,202,950Expenses 2018: $1,347,051Net Income 2018: -$144,1012018Revenue 2019: $1,312,068Expenses 2019: $1,336,379Net Income 2019: -$24,3112019Revenue 2020: $1,512,201Expenses 2020: $1,385,790Net Income 2020: $126,4112020Revenue 2021: $1,695,036Expenses 2021: $1,453,967Net Income 2021: $241,0692021Revenue 2022: $2,186,347Expenses 2022: $1,809,000Net Income 2022: $377,3472022Revenue 2023: $1,800,205Expenses 2023: $2,088,396Net Income 2023: -$288,1912023Revenue 2024: $3,631,310Expenses 2024: $2,124,317Net Income 2024: $1,506,9932024

Highlighted filing

2016

Revenue$1,057,390
Expenses$898,425
Net Income$158,965
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$1,118,441
Mission and Program Overview

Mission

Intercambio uniting communities' mission is to improve immigrant lives through english education, and unite communities across cultures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,064,825$1,168,213▲ $103,388
Cash and Non-Interest-Bearing Accounts$418,440$360,323▼ $58,117
Inventories for Sale or Use$30,754$42,582▲ $11,828
Pledges and Grants Receivable$95,097$34,250▼ $60,847
Accounts Receivable$14,640$9,830▼ $4,810
Intangible Assets$4,543$3,697▼ $846
Prepaid Expenses and Deferred Charges$2,592$3,165▲ $573
Savings and Temporary Cash Investments-$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-
Total Assets$1,746,307$1,700,814▼ $45,493
Other Assets Total$115,416$78,754▼ $36,662
Liabilities
Mortgage Notes Payable Secured by Investment Property$222,407--
Other Liabilities$42,202$49,723▲ $7,521
Accounts Payable and Accrued Expenses$223$11,740▲ $11,517
Total Liabilities$264,832$61,463▼ $203,369
Net Assets / Fund Balance
Unrestricted Net Assets$1,357,688$1,639,351▲ $281,663
Temporarily Rstr Net Assets$123,787--
Total Net Assets Fund Balance$1,481,475$1,639,351▲ $157,876
Total Liabilities and Net Assets / Fund Balance$1,746,307$1,700,814▼ $45,493

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,101,378$153,913$1,255,291
Equipment$12,370$44,912$57,282
Leasehold Improvements$42,109$9,725$51,834
Other Land Buildings$12,356$2,967$15,323

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$64,316-▲ $1,204-$60,752
2014$66,531-▲ $1,475-$64,316
2013$60,542-▲ $9,731-$66,531
2012$58,234-▲ $5,842-$60,542
2011$57,632-▲ $3,354-$58,234
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lee ShainisExec DirectorFT$85,292$5,765$91,057

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$983,933
Program Service Revenue
$72,579
Investment Income
$1,497
Other Revenue
$-619
All Other Contributions
$829,688
Change in Net Assets
$158,965

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table13$30,112Fair Market Value (FMV)
Other Non Cash Contri Table5$11,175Fair Market Value (FMV)
Other Non Cash Contri Table1$3,000Fair Market Value (FMV)
Total Noncash Contributions19$44,287-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,057,390
Revenue Not Reported on Form 990
$105,261
Total Revenue per Audited Statements
$1,162,651
Total Revenue per Form 990
$1,057,390
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$599,698
Other Expenses$298,727
Total Fundraising Expense$61,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,245$20,704$33,126$414,075
Current Officers, Directors, Trustees, and Key Employees$74,204$4,265$6,823$85,292
All Other Expenses$48,624$1,515$8,369$58,508
Occupancy$56,143$80$80$56,303
Payroll Taxes$44,555$2,561$4,097$51,213
Depreciation Depletion$39,077$2,886$2,909$44,872
Other Employee Benefits$35,841$2,060$3,296$41,197
Conferences and Meetings$19,955--$19,955
Advertising$17,228--$17,228
Other Expenses$9,410$705$705$10,820
Pension Plan Contributions$6,891$396$634$7,921
Fees for Services Accounting$5,100$450$450$6,000
Insurance$3,048$1,861$258$5,167
Interest$5,043--$5,043
Office Expenses$4,077$360$360$4,797
Total Functional Expenses$799,042$37,843$61,540$898,425

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,004,775
Expenses per Audited Statements$898,425
Total Expenses per Form 990$898,425
Expenses Not Reported on Form 990$106,350
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$59,860
Fundraising Gross Income$56,292
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fiesta$63,211$33,099$47,179$-14,080
Comedy for Cambio$23,193$23,193$12,681$10,512
Total Events$86,404$56,292$59,860$-3,568
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Vacation$25,906
Accrued Payroll$23,191
Other Current Liabilities$626
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
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

The 990 preparer provides a draft of the 990 to the finance committee which reviews it in detail, directing comments and questions to the preparer, prior to the date of filing. Then the completed 990 is provided to all board members for their review. The finance committee reviews the form with the board at its next regularly scheduled meeting. The board then votes to approve the final 990 before filing.

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

Organization requires board members to review and update conflict of interest statements annually.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Organization uses salary reviews from canpo and other local not for profits to evaluate compensation and approves compensation annually.

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

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Intercambio De Comunidades
EIN
20-0078381
Phone
3039960275
Address
4735 WALNUT STREET STE B, BOULDER, CO 80301

Signing Officer

Name
Lee Shainis
Title
Exec Director
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Shainis
Formed
2004
Legal Domicile
Co
Voting Board Members
17
Independent Board Members
17
Employees
23
Volunteers
400

Preparer

Firm
Middlemist Crouch & Co Cpas Pc
Address
2960 CENTER GREEN CT, BOULDER, CO 80301-5406
Preparer
Catherine Middlemist CPA
Phone
3034494025
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Change in value of board-designated endowment = -$1089

Amended Explanation

Return is amended to properly report the number of voting member of the board of directors as 17 and the number of independent voting members of the board as 17. Also, to appropriately identify directors on page 7.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Board-designated reserve for building maintenance and improvements

Part X : FIN48 Footnote

The Organization believes that it has conducted its operations in accordance with, and has properly maintained, its tax-exempt status, and that it has taken no material uncertain tax positions that qualify for recognition or disclosure in the financial statements.

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IRS990/Desc0Each year Intercambio serves 1,000+ adult immigrantS with English classes taught by 400+ volunteers at 200 immigrant homes and public facilities; resource workshops and courses on finances, culture, business, computers, and citizenship; and intercultural events including weekly dance classes, park cleanups and camping trips. At the University of Colorado, 120 university students are teaching individual English classes to immigrant workers on campus. Intercambio's programs have been replicated in all fifty states of the US.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXEC DIRECTOR
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IRS990/Form990TFiledInd0true
IRS990/FormationYr02004
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt030112
IRS990/FundraisingDirectExpensesAmt059860
IRS990/FundraisingGrossIncomeAmt056292
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt0124133
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossRentsGrp/RealAmt04140
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/FundraisingAmt0258
IRS990/InsuranceGrp/ManagementAndGeneralAmt01861
IRS990/InsuranceGrp/ProgramServicesAmt03048
IRS990/InsuranceGrp/TotalAmt05167
IRS990/IntangibleAssetsGrp/BOYAmt04543
IRS990/IntangibleAssetsGrp/EOYAmt03697
IRS990/InterestGrp/ProgramServicesAmt05043
IRS990/InterestGrp/TotalAmt05043
IRS990/InventoriesForSaleOrUseGrp/BOYAmt030754
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt0115416
IRS990/OtherAssetsTotalGrp/EOYAmt078754
IRS990/OtherChangesInNetAssetsAmt0-1089
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03296
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02060
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt035841
IRS990/OtherEmployeeBenefitsGrp/TotalAmt041197
IRS990/OtherExpensesGrp/Desc0CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2IN-KIND SUPPLIES
IRS990/OtherExpensesGrp/Desc3TELEPHONE & INTERNET
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IRS990/OtherExpensesGrp/FundraisingAmt1705
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0705
IRS990/OtherExpensesGrp/ProgramServicesAmt030201
IRS990/OtherExpensesGrp/ProgramServicesAmt125658
IRS990/OtherExpensesGrp/ProgramServicesAmt213742
IRS990/OtherExpensesGrp/ProgramServicesAmt39410
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IRS990/OtherExpensesGrp/TotalAmt125658
IRS990/OtherExpensesGrp/TotalAmt214175
IRS990/OtherExpensesGrp/TotalAmt310820
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020704
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0360245
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04097
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02561
IRS990/PayrollTaxesGrp/ProgramServicesAmt044555
IRS990/PayrollTaxesGrp/TotalAmt051213
IRS990/PensionPlanContributionsGrp/FundraisingAmt0634
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0396
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06891
IRS990/PensionPlanContributionsGrp/TotalAmt07921
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt095097
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt034250
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02592
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03165
IRS990/PrincipalOfficerNm0LEE SHAINIS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0OTHER INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PUBLICATION SALES - NET
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3VOLUNTEER TRAINING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01377
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt143199

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.04$0.15$3.89$3.63$2.12$1.51
2023Detailed filing. Detailed filing data is available for this year.$2.52$0.17$2.35$1.80$2.09$0.29
2022Detailed filing. Detailed filing data is available for this year.$2.75$0.12$2.62$2.19$1.81$0.38
2021Detailed filing. Detailed filing data is available for this year.$2.79$0.50$2.29$1.70$1.45$0.24
2020Detailed filing. Detailed filing data is available for this year.$2.34$0.31$2.04$1.51$1.39$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.11$1.91$1.31$1.34$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.04$0.11$1.94$1.20$1.35$0.14
2017Detailed filing. Detailed filing data is available for this year.$2.16$0.08$2.08$1.60$1.17$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.06$1.64$1.06$0.90$0.16
2015Summary only. Only limited summary data is available for this year.$1.75$0.26$1.48$1.14$0.74$0.40
2014Summary only. Only limited summary data is available for this year.$1.11$0.02$1.08$0.83$0.66$0.17
2013Summary only. Only limited summary data is available for this year.$0.93$0.02$0.91$0.63$0.61$0.03
2012Summary only. Only limited summary data is available for this year.$0.91$0.03$0.88$0.32$0.38$0.06
2011Summary only. Only limited summary data is available for this year.$0.96$0.02$0.94$0.60$0.69$0.09