Civic Intelligence

Foundation for Insurance and Financial Education Inc

990EZ • Fiscal year 2022 • EIN 20-1227803

Jan 01, 2022 to Dec 31, 2022 • Filed on May 04, 2023

600 State St Ste ACedar Falls, IA 50613

(608) 455-6674

Siviq Scores

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

Liabilities / Assets

94th percentile

0.89x

Higher debt load relative to assets than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

4189.94x

Higher debt load relative to revenue than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-26263%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

44th percentile

-1.2%

Faster asset growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

167%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$75,291

Down $937 (-1.2%) from 2021

Net Assets

Down

$8,252

Down $4,202 (-34%) from 2021

Liabilities

Up

$67,039

Up $3,265 (+5.1%) from 2021

Revenue

Up

$16

Up $10 (+167%) from 2021

Expenses

Up

$4,218

Up $2,453 (+139%) from 2021

Net Income

Down

-$4,202

Down $2,443 (-139%) from 2021

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2011: $36,726Liabilities 2011: $4,400Net Assets 2011: $32,3262011Assets 2012: $32,247Liabilities 2012: $1,530Net Assets 2012: $30,7172012Assets 2013: $31,329Liabilities 2013: $0Net Assets 2013: $31,3292013Assets 2018: $73,946Liabilities 2018: $54,2882018Assets 2021: $76,228Liabilities 2021: $63,774Net Assets 2021: $12,4542021Assets 2022: $75,291Liabilities 2022: $67,039Net Assets 2022: $8,2522022Assets 2023: $41,881Liabilities 2023: $402Net Assets 2023: $41,4792023Assets 2024: $37,269Liabilities 2024: $535Net Assets 2024: $36,7342024

Highlighted filing

2022

Assets$75,291
Liabilities$67,039
Net Assets$8,252

Operations Trend

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

$40K$20K$0-$20K-$40KRevenue 2011: $5,436Expenses 2011: $4,044Net Income 2011: $1,3922011Revenue 2012: $2,789Expenses 2012: $4,398Net Income 2012: -$1,6092012Revenue 2013: $6,139Expenses 2013: $5,527Net Income 2013: $6122013Revenue 2018: $65Expenses 2018: $1,406Net Income 2018: -$1,3412018Revenue 2021: $6Expenses 2021: $1,765Net Income 2021: -$1,7592021Revenue 2022: $16Expenses 2022: $4,218Net Income 2022: -$4,2022022Revenue 2023: $197Expenses 2023: $30,183Net Income 2023: -$29,9862023Revenue 2024: $148Expenses 2024: $4,893Net Income 2024: -$4,7452024

Highlighted filing

2022

Revenue$16
Expenses$4,218
Net Income-$4,202
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 4, 2023
Return Version
2022v5.0
Gross Receipts
$16
Mission and Program Overview

Mission

To provide educational opportunites for students interested in pursuing careers in the insurance and financial servies industry; To present educational information regarding insurance and financial services to the general public;To provide continuing professional education opportunities for individuals in the insurance and financial services industry.

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL INFORMATION TO STUDENTS, THE GENERAL PUBLIC AND INDIVIDUALS WORKING IN THE INSURANCE AND FINANCIAL SERVICES INDUSTRY.-$2,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRANDON DEROUINPresident-$0--
MICHAEL SMITHVP- Programs-$0--
PAT MONGINVP- Membership-$0--
CHRIS HENDERSONSec/ Treasurer-$0--
DANIEL WARDPast President-$0--
MARK MILLERVP- Advocacy-$0--
RICHARD BALCHVP- Bus Dvmt-$0--
HEATHER LINDSLEYVice President-$0--
Filing and Contact Details

Filer

Filer Name
Foundation for Insurance and
EIN
20-1227803
Phone
6084556674
Address
600 STATE ST STE A, CEDAR FALLS, IA 50613

Signing Officer

Name
Julie Phillips
Title
Executive Director
Signed
2023-05-04
Discuss with paid preparer
Yes

Preparer

Firm
Timmins Jacobsen & Strawhacker LLP
Address
10550 New York Ave Suite 200, Des Moines, IA 50322
Preparer
Jeffrey F Strawhacker CPA
Phone
5152708080
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $1

Other Expenses.1012

Insurance $496

Other Expenses.1

Grants/scholarships/donations $2500

Other Expenses.2

Dues & subscriptions $21

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $496 Prepaid Expenses and Deferred Charges - Ending $7996

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $677 Accounts Payable and Accrued Expenses - Ending $3826

Total Liabilities.1

DUE TO AFFILIATES - Beginning $63097 DUE TO AFFILIATES - Ending $63213

Raw XML Appendix180 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VP- MEMBERSHIP
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PAST PRESIDENT
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IRS990EZ/OtherExpensesTotalAmt03018
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE EDUCATIONAL OPPORTUNITIES AND EDUCATIONAL INFORMATION TO STUDENTS, THE GENERAL PUBLIC AND INDIVIDUALS WORKING IN THE INSURANCE AND FINANCIAL SERVICES INDUSTRY.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVIEW OF FORM 990 FILED BY SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $496
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS/SCHOLARSHIPS/DONATIONS $2500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Dues & subscriptions $21
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JULIE PHILLIPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR INSURANCE AND
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FINANCIAL EDUCATION INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0201227803
ReturnHeader/Filer/PhoneNum06084556674
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 STATE ST STE A
ReturnHeader/Filer/USAddress/CityNm0CEDAR FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050613
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010550 New York Ave Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Des Moines
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050322
ReturnHeader/PreparerPersonGrp/PhoneNum05152708080
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY F STRAWHACKER CPA
ReturnHeader/ReturnTs02023-05-08T07:06:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JULIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHILLIPS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • <$500k nonprofits