Civic Intelligence

Chelsea Improvement Trust

990 • Fiscal year 2020 • EIN 20-1611981

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 02, 2021

Organization Profile
637 Olive StreetChelsea, OK 74106

(918) 744-1919

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

3rd percentile

-125%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

48th percentile

4.9%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-45%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,756,074

Up $82,676 (+4.9%) from 2019

Net Assets

Up

$1,756,074

Up $82,676 (+4.9%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin3rd percentile

Revenue

Down

$16,188

Down $13,491 (-45%) from 2019

Expenses

Down

$36,358

Down $9,406 (-21%) from 2019

Net Income

Down

-$20,170

Down $4,085 (-25%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,454,191Liabilities 2011: $0Net Assets 2011: $1,454,1912011Assets 2012: $1,511,818Liabilities 2012: $0Net Assets 2012: $1,511,8182012Assets 2013: $1,712,406Liabilities 2013: $0Net Assets 2013: $1,712,4062013Assets 2014: $1,750,006Liabilities 2014: $0Net Assets 2014: $1,750,0062014Assets 2015: $1,592,533Liabilities 2015: $0Net Assets 2015: $1,592,5332015Assets 2016: $1,603,066Liabilities 2016: $0Net Assets 2016: $1,603,0662016Assets 2017: $1,684,356Liabilities 2017: $0Net Assets 2017: $1,684,3562017Assets 2018: $1,532,764Liabilities 2018: $0Net Assets 2018: $1,532,7642018Assets 2019: $1,673,398Liabilities 2019: $0Net Assets 2019: $1,673,3982019Assets 2020: $1,756,074Liabilities 2020: $0Net Assets 2020: $1,756,0742020Assets 2021: $1,813,215Liabilities 2021: $0Net Assets 2021: $1,813,2152021Assets 2022: $1,672,248Liabilities 2022: $0Net Assets 2022: $1,672,2482022Assets 2023: $1,764,195Liabilities 2023: $0Net Assets 2023: $1,764,1952023Assets 2024: $1,851,287Liabilities 2024: $0Net Assets 2024: $1,851,2872024

Highlighted filing

2020

Assets$1,756,074
Liabilities$0
Net Assets$1,756,074
Open 2020 Filing

Operations Trend

Revenue Growth9th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2011: $11Expenses 2011: $84,000Net Income 2011: -$83,9892011Revenue 2012: $2Expenses 2012: $84,000Net Income 2012: -$83,9982012Revenue 2013: $2Expenses 2013: $84,000Net Income 2013: -$83,9982013Revenue 2014: $2Expenses 2014: $84,000Net Income 2014: -$83,9982014Revenue 2015: $2Expenses 2015: $70,000Net Income 2015: -$69,9982015Revenue 2016: $4Expenses 2016: $60,000Net Income 2016: -$59,9962016Revenue 2017: $58,391Expenses 2017: $60,000Net Income 2017: -$1,6092017Revenue 2018: $26,838Expenses 2018: $60,000Net Income 2018: -$33,1622018Revenue 2019: $29,679Expenses 2019: $45,764Net Income 2019: -$16,0852019Revenue 2020: $16,188Expenses 2020: $36,358Net Income 2020: -$20,1702020Revenue 2021: $106,765Expenses 2021: $6,081Net Income 2021: $100,6842021Revenue 2022: $10,888Expenses 2022: $6,683Net Income 2022: $4,2052022Revenue 2023: $49,276Expenses 2023: $6,963Net Income 2023: $42,3132023Revenue 2024: $56,541Expenses 2024: $8,011Net Income 2024: $48,5302024

Highlighted filing

2020

Revenue$16,188
Expenses$36,358
Net Income-$20,170
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 2, 2021
Return Version
2020v4.0
Gross Receipts
$16,188
Mission and Program Overview

Mission

To provide funds for the furtherance and accomplishment of any authorized and proper public function or purpose of the Town of Chelsea, Oklahoma including, but not limited to, funding operating expenses and improving buildings, infrastructure, rolling stock, and facilities of Chelsea, Oklahoma

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,673,398$1,756,074▲ $82,676
Cap Stk Tr Prin Current Funds$1,673,398$1,756,074▲ $82,676
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,673,398$1,756,074▲ $82,676
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,673,398$1,756,074▲ $82,676
Total Liabilities and Net Assets / Fund Balance$1,673,398$1,756,074▲ $82,676
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Bill StocktonTrustee
Frank JohnsonTrustee
George KeltonTrustee
Lisa WootenTrustee
Mike ProvinceTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$16,188
Other Revenue
$0
Change in Net Assets
$-20,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,000
Other Expenses$6,358
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$30,000--$30,000
Fees for Service Investment Mgmnt Fees$6,358--$6,358
Total Functional Expenses$36,358$0$0$36,358
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Town of Chelsea OklahomaChelsea, OK-To provide funds for the furtherance and accomplishment of any authorized and proper public function or purpose of the Town of Chelsea, Oklahoma including, but not limited to, funding operating expenses and improving buildings, infrastructure, rolling stock, and facilities of Chelsea, Oklahoma$30,000
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
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The completed IRS Form 990 and the schedules are presented to the Board of Trustees of the Chelsea Improvement Trust at a meeting for review, comment and approval”

Form 990, Part VI, Section C, Line 19

“The Chelsea Improvement Trust makes its governing instruments and financial statements available to the public at the Trust's office upon request”

Filing and Contact Details

Filer

Filer Name
Chelsea Improvement Trust
EIN
20-1611981
Phone
9187441919
Address
637 Olive Street, Chelsea, OK 74106

Signing Officer

Name
Evan Barnes
Title
Trustee
Phone
9187892557
Signed
2021-06-02

Organization Details

Principal Officer
Evan Barnes
Formed
2004
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0
Raw XML Appendix375 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/MoreThan5000KToIndividualsInd00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0One hundred percent (100%) of the Organization's support is provided to the Town of Chelsea Oklahoma, a legal municipality of the State of Oklahoma. The Town of Chelsea Oklahoma is not required to obtain an IRS determination of its public charity status
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Town of Chelsea Oklahoma
IRS990ScheduleI/RecipientTable/RecipientEIN0736005136
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0637 Olive Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Chelsea
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd074106
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Fair Market Value
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Board of Trustees of the Chelsea Improvement Trust is comprised solely by the elected Councilpersons for the Town of Chelsea, Oklahoma. The Board of Trustees/Councilpersons monitor the expenditures of the grant money directly
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The completed IRS Form 990 and the schedules are presented to the Board of Trustees of the Chelsea Improvement Trust at a meeting for review, comment and approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Chelsea Improvement Trust makes its governing instruments and financial statements available to the public at the Trust's office upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt030000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Town of Chelsea
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01673398
IRS990/TotalAssetsEOYAmt01756074
IRS990/TotalAssetsGrp/BOYAmt01673398
IRS990/TotalAssetsGrp/EOYAmt01756074
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt036358
IRS990/TotalFunctionalExpensesGrp/TotalAmt036358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01673398
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01756074
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IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt036358
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt016188
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt016188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0637 Olive Street
IRS990/USAddress/CityNm0Chelsea
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd074106
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfileEmailAddressChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/ProfilePasswordChangeInd0X
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Evan Barnes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum09187892557
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHELSEA IMPROVEMENT TRUST
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Same
ReturnHeader/Filer/BusinessNameControlTxt0CHEL
ReturnHeader/Filer/EIN0201611981
ReturnHeader/Filer/PhoneNum09187441919
ReturnHeader/Filer/USAddress/AddressLine1Txt0637 Olive Street
ReturnHeader/Filer/USAddress/CityNm0Chelsea
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074106
ReturnHeader/ReturnTs02021-06-03T13:47:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,756,074
Liabilities
$0
Net assets
$1,756,074
Revenue
$16,188
Expenses
$36,358
Net income
-$20,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.00$1.85$0.06$0.01$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.00$1.76$0.05$0.01$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.67$0.01$0.01$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.00$1.81$0.11$0.01$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.02$0.04$0.02
2019Summary only. Only limited summary data is available for this year.$1.67$0.00$1.67$0.03$0.05$0.02
2018Summary only. Only limited summary data is available for this year.$1.53$0.00$1.53$0.03$0.06$0.03
2017Summary only. Only limited summary data is available for this year.$1.68$0.00$1.68$0.06$0.06$0.00
2016Summary only. Only limited summary data is available for this year.$1.60$0.00$1.60$0.00$0.06$0.06
2015Summary only. Only limited summary data is available for this year.$1.59$0.00$1.59$0.00$0.07$0.07
2014Summary only. Only limited summary data is available for this year.$1.75$0.00$1.75$0.00$0.08$0.08
2013Summary only. Only limited summary data is available for this year.$1.71$0.00$1.71$0.00$0.08$0.08
2012Summary only. Only limited summary data is available for this year.$1.51$0.00$1.51$0.00$0.08$0.08
2011Summary only. Only limited summary data is available for this year.$1.45$0.00$1.45$0.00$0.08$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits