Civic Intelligence

Chelsea Improvement Trust

990 • Fiscal year 2021 • EIN 20-1611981

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

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

17th percentile

0.00x

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

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

98th percentile

94%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

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

Asset Growth

36th percentile

3.3%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

98th percentile

560%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,813,215

Up $57,141 (+3.3%) from 2020

Net Assets

Up

$1,813,215

Up $57,141 (+3.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin98th percentile

Revenue

Up

$106,765

Up $90,577 (+560%) from 2020

Expenses

Down

$6,081

Down $30,277 (-83%) from 2020

Net Income

Up

$100,684

Up $120,854 (+599%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2021

Assets$1,813,215
Liabilities$0
Net Assets$1,813,215
Open 2021 Filing

Operations Trend

Revenue Growth98th 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

2021

Revenue$106,765
Expenses$6,081
Net Income$100,684
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.0
Gross Receipts
$106,765
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$1,756,074$1,813,215▲ $57,141
Cap Stk Tr Prin Current Funds$1,756,074$1,813,215▲ $57,141
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
Loans From Officers Directors$0$0→ $0
Total Assets$1,756,074$1,813,215▲ $57,141
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,756,074$1,813,215▲ $57,141
Total Liabilities and Net Assets / Fund Balance$1,756,074$1,813,215▲ $57,141
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Don HefnerTrustee
Jared GavitTrustee
Josh TadychTrustee
Larry CopelandTrustee
Lisa WootenTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$106,765
Other Revenue
$0
Change in Net Assets
$100,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,081
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$6,081$0$0$6,081
Total Functional Expenses$6,081$0$0$6,081
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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, financial statements, and tax returns available to the public at the organization'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
Jared Gavit
Title
Trustee
Phone
9187892557
Signed
2022-05-13

Organization Details

Principal Officer
Jared Gavit
Formed
2004
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0
Raw XML AppendixShowing 400 of 483 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/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-20170
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt036358
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt016188
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0100684
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0106765
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 2
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0736005136
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Town of Chelsea Oklahoma
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
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, financial statements, and tax returns available to the public at the organization's office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Town of Chelsea
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0736005136
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Town Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0637Olive Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chelsea
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd074016
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0The organization's records and meeting are held in the municipal offices of the Town of Chelsea
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1The Town of Chelsea office employees maintain the records for the Organization
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Town of Chelsea
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Town of Chelsea
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0n
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1o
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,813,215
Liabilities
$0
Net assets
$1,813,215
Revenue
$106,765
Expenses
$6,081
Net income
$100,684
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
2021Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.11$0.01$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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