Civic Intelligence

Intercambio De Comunidades

990 • Fiscal year 2021 • EIN 20-0078381

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 09, 2022

4735 Walnut Street Ste BBoulder, CO 80301

(303) 996-0275

Siviq Scores

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

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.30x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

53rd percentile

14%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

67th percentile

19%

Faster asset growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

12%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,792,691

Up $449,997 (+19%) from 2020

Net Assets

Up

$2,291,906

Up $255,621 (+13%) from 2020

Liabilities

Up

$500,785

Up $194,376 (+63%) from 2020

Revenue

Up

$1,695,036

Up $182,835 (+12%) from 2020

Expenses

Up

$1,453,967

Up $68,177 (+4.9%) from 2020

Net Income

Up

$241,069

Up $114,658 (+91%) from 2020

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

2021

Assets$2,792,691
Liabilities$500,785
Net Assets$2,291,906

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

2021

Revenue$1,695,036
Expenses$1,453,967
Net Income$241,069
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 9, 2022
Return Version
2020v4.0
Gross Receipts
$1,703,209
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$1,056,971$1,018,752▼ $38,219
Savings and Temporary Cash Investments$547,858$979,857▲ $431,999
Cash and Non-Interest-Bearing Accounts$144,688$229,055▲ $84,367
Inventories for Sale or Use$70,802$99,392▲ $28,590
Prepaid Expenses and Deferred Charges$8,328$36,199▲ $27,871
Pledges and Grants Receivable$70,000$20,000▼ $50,000
Accounts Receivable$5,709$14,741▲ $9,032
Total Assets$2,342,694$2,792,691▲ $449,997
Other Assets Total$438,338$394,695▼ $43,643
Liabilities
Unsecured Notes Loans Payable$207,900$207,900→ $0
Other Liabilities$5,232$170,272▲ $165,040
Accounts Payable and Accrued Expenses$93,277$117,752▲ $24,475
Deferred Revenue-$4,861-
Total Liabilities$306,409$500,785▲ $194,376
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,878,249$2,196,056▲ $317,807
Net Assets With Donor Restrictions$158,036$95,850▼ $62,186
Total Net Assets Fund Balance$2,036,285$2,291,906▲ $255,621
Total Liabilities and Net Assets / Fund Balance$2,342,694$2,792,691▲ $449,997

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$994,892$332,495$1,327,387
Equipment$11,757$84,468$96,225
Leasehold Improvements$12,103$6,271$18,374
Other Assets Org$75,850--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$63,036-▲ $15,297-$75,850
2019$64,314-▲ $1,054-$63,036
2018$64,136-▲ $2,784-$64,314
2017$63,190-▲ $3,398-$64,136
2016$60,752-▲ $4,937-$63,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lee ShainisExecutive DiFT$100,259$8,942$109,201

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,477,323
Program Service Revenue
$213,961
Investment Income
$3,568
Other Revenue
$184
All Other Contributions
$1,094,126
Change in Net Assets
$241,069

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,695,036
Revenue Not Reported on Form 990
$14,651
Total Revenue per Audited Statements
$1,709,687
Total Revenue per Form 990
$1,695,036
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,017,752
Other Expenses$436,215
Total Fundraising Expense$181,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$600,262$49,553$111,416$761,231
Depreciation Depletion$129,029$1,865$5,125$136,019
Current Officers, Directors, Trustees, and Key Employees$94,412$7,483$16,944$118,839
Payroll Taxes$54,093$4,534$10,191$68,818
Information Technology$55,249$1,408$7,576$64,233
Occupancy$55,070$2,893$5,496$63,459
Fees for Services Other$47,626$12,665-$60,291
Other Employee Benefits$49,367$336$3,933$53,636
Advertising$7,786-$13,551$21,337
Pension Plan Contributions$11,602$1,464$2,162$15,228
All Other Expenses$7,627$2,047$929$10,603
Conferences and Meetings$4,682$4,670-$9,352
Other Expenses$5,173$624$3,445$9,242
Insurance-$5,724-$5,724
Office Expenses$915$496$581$1,992
Travel$744--$744
Total Functional Expenses$1,167,349$105,269$181,349$1,453,967

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,454,066
Expenses per Audited Statements$1,453,967
Total Expenses per Form 990$1,453,967
Expenses Not Reported on Form 990$99
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,357
Fundraising Direct Expenses$8,173
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberServicesNo$45,513
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advances$167,500
Capital Lease$2,772
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

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

Form 990, Page 6, Part VI, Line 15A

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

Form 990, Page 6, Part VI, Line 15B

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

Form 990, Page 6, Part VI, Line 19

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
Doing Business As
Intercambio Uniting Communities

Signing Officer

Name
Jenny Desmond
Title
Exec Director 11/2021
Phone
3039960275
Signed
2022-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenny Desmond
Formed
2004
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
23
Volunteers
400

Preparer

Firm
Jds Professional Group
Address
10303 E DRY CREEK RD STE 400, ENGLEWOOD, CO 80112
Preparer
Lori B Bauer CPA
Phone
3037710123
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in beneficial interest 12,814

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Board-designated reserve for building maintenance and improvements

Schedule D, Page 3, Part X

The organization follows the accounting for uncertainty in income taxes accounting standard which requires the organization to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming that the tax position is examined by the appropriate taxing authority that has full knowledge of all relevant information. During the year ended june 30, 2021, the organization's management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an affect on its tax-exempt status.

Schedule D, Page 4, Part XI, Line 2D

Change in beneficial interest 12,814

Raw XML AppendixShowing 400 of 551 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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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