Civic Intelligence

Conscious Capitalism Inc.

990 • Fiscal year 2020 • EIN 20-2238653

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

PO Box 5458Warren, MI 48090

(202) 320-4447

Siviq Scores

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

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

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

Liabilities / Revenue

38th percentile

0.07x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$258,760

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

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

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

15th percentile

-32%

Faster revenue growth than 15% of similar nonprofits.

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

Assets

Up

$1,678,640

Up $293,689 (+21%) from 2019

Net Assets

Up

$1,515,921

Up $438,887 (+41%) from 2019

Liabilities

Down

$162,719

Down $145,198 (-47%) from 2019

Revenue

Down

$2,270,791

Down $1,057,056 (-32%) from 2019

Expenses

Down

$1,831,904

Down $1,024,700 (-36%) from 2019

Net Income

Down

$438,887

Down $32,356 (-6.9%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $389,100Liabilities 2011: $23,090Net Assets 2011: $366,0102011Assets 2012: $632,298Liabilities 2012: $63,722Net Assets 2012: $568,5762012Assets 2013: $882,654Liabilities 2013: $169,149Net Assets 2013: $713,5052013Assets 2014: $784,886Liabilities 2014: $56,505Net Assets 2014: $728,3812014Assets 2015: $1,236,333Liabilities 2015: $253,573Net Assets 2015: $982,7602015Assets 2016: $1,254,997Liabilities 2016: $141,406Net Assets 2016: $1,113,5912016Assets 2017: $1,180,817Liabilities 2017: $282,803Net Assets 2017: $898,0142017Assets 2018: $1,222,929Liabilities 2018: $617,138Net Assets 2018: $605,7912018Assets 2019: $1,384,951Liabilities 2019: $307,917Net Assets 2019: $1,077,0342019Assets 2020: $1,678,640Liabilities 2020: $162,719Net Assets 2020: $1,515,9212020Assets 2021: $2,250,493Liabilities 2021: $313,953Net Assets 2021: $1,936,5402021Assets 2022: $1,381,779Liabilities 2022: $383,131Net Assets 2022: $998,6482022Assets 2023: $797,442Liabilities 2023: $283,436Net Assets 2023: $514,0062023Assets 2024: $643,930Liabilities 2024: $183,232Net Assets 2024: $460,6982024

Highlighted filing

2020

Assets$1,678,640
Liabilities$162,719
Net Assets$1,515,921

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $665,653Expenses 2011: $638,565Net Income 2011: $27,0882011Expenses 2012: $807,0322012Revenue 2013: $1,419,442Expenses 2013: $1,274,513Net Income 2013: $144,9292013Revenue 2014: $1,473,877Expenses 2014: $1,459,001Net Income 2014: $14,8762014Revenue 2015: $1,753,241Expenses 2015: $1,498,862Net Income 2015: $254,3792015Revenue 2016: $1,821,396Expenses 2016: $1,690,565Net Income 2016: $130,8312016Revenue 2017: $2,208,777Expenses 2017: $2,424,354Net Income 2017: -$215,5772017Revenue 2018: $2,684,089Expenses 2018: $2,976,312Net Income 2018: -$292,2232018Revenue 2019: $3,327,847Expenses 2019: $2,856,604Net Income 2019: $471,2432019Revenue 2020: $2,270,791Expenses 2020: $1,831,904Net Income 2020: $438,8872020Revenue 2021: $2,919,413Expenses 2021: $2,498,794Net Income 2021: $420,6192021Revenue 2022: $2,139,454Expenses 2022: $3,083,066Net Income 2022: -$943,6122022Revenue 2023: $1,972,529Expenses 2023: $2,511,421Net Income 2023: -$538,8922023Revenue 2024: $2,007,260Expenses 2024: $2,060,568Net Income 2024: -$53,3082024

Highlighted filing

2020

Revenue$2,270,791
Expenses$1,831,904
Net Income$438,887
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$2,270,791
Mission and Program Overview

Mission

Conscious capitalism, inc. Is building a movement of business leaders dedicated to elevating humanity through business.

Conscious capitalism, inc. Is building a movement of business leaders changing the practice and perception of capitalism to elevate humanity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$944,203$1,410,314▲ $466,111
Investments Other Securities$155,736--
Pledges and Grants Receivable-$147,809-
Intangible Assets$23,718$23,718→ $0
Accounts Receivable$219,315$13,395▼ $205,920
Prepaid Expenses and Deferred Charges$37,813$5,348▼ $32,465
Land, Buildings, and Equipment, Net$4,166$2,167▼ $1,999
Total Assets$1,384,951$1,678,640▲ $293,689
Other Assets Total-$75,889-
Liabilities
Deferred Revenue$60,750$125,141▲ $64,391
Accounts Payable and Accrued Expenses$247,167$37,578▼ $209,589
Total Liabilities$307,917$162,719▼ $145,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$889,904$1,373,209▲ $483,305
Net Assets With Donor Restrictions$187,130$142,712▼ $44,418
Total Net Assets Fund Balance$1,077,034$1,515,921▲ $438,887
Total Liabilities and Net Assets / Fund Balance$1,384,951$1,678,640▲ $293,689

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,167$14,140$16,307
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexander MccobinCEOFT$185,000$73,760$258,760
Clark RuperCOOFT$142,571-$142,571

Board Members and Trustees

NameTitle
Kip TindellCo-chair
Raj SisodiaCo-chair
Alan LazowskiBoard Member
Brian MohrBoard Member
Brian SchultzBoard Member
Carrie Freeman ParsonsBoard Member
Curtis HiteBoard Member
David GardnerBoard Member
Dev PatnaikBoard Member
Doug RauchBoard Member
Gerald AndersonBoard Member
Jevon MccormickBoard Member
John MackeyBoard Member
Karen SammonBoard Member
Lynne TwistBoard Member
Rand StagenBoard Member
Ron ShaichBoard Member
Safwan ShahBoard Member
Steve HallBoard Member
Sunny VanderbeckBoard Member
Vidar JorgensenBoard Member
Cheryl RosnerSecretary
Greg MasseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,976,035
Program Service Revenue
$218,867
Investment Income
$0
Other Revenue
$75,889
All Other Contributions
$1,830,736
Change in Net Assets
$438,887

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
Securities Closely Held Stock1$150,850Fair Market Value
Total Noncash Contributions1$150,850-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,270,791
Total Revenue per Audited Statements
$2,270,791
Total Revenue per Form 990
$2,270,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$923,811
Other Expenses$908,093
Total Fundraising Expense$300,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$285,528$159,127$129,642$574,297
Current Officers, Directors, Trustees, and Key Employees-$129,380$129,380$258,760
Advertising$249,171$640$1,960$251,771
Fees for Services Other$145,136$86,601-$231,737
Information Technology$36,216$60,950-$97,166
Payroll Taxes$21,594$17,160$16,232$54,986
Other Employee Benefits$12,259$12,387$11,122$35,768
Occupancy-$24,828-$24,828
Office Expenses$7,328$14,372$328$22,028
Insurance-$7,373-$7,373
Depreciation Depletion$2,000--$2,000
Other Expenses$300$1,123$30$300
Total Functional Expenses$971,364$559,926$300,614$1,831,904

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,831,904
Total Expenses per Audited Statements$1,831,904
Total Expenses per Form 990$1,831,904
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
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Accounting functions performed by third party provider under the supervision of the ceo.

Form 990, Page 6, Part VI, Line 11B

The 990 is provided to all board members electronically prior to filing with request for full review, comment, and approval

Form 990, Page 6, Part VI, Line 12C

A copy of the policy is located in all board manuals and the corporate minute book online.

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

Senior officers of the organization follow the irs section 958 guidelines. The organization obtains a minimum of 5 comparables for each position offered with annual compensation in excess of 75,000. The comparables are given to the board members at a meeting to discuss the hire. After discussion, the board approves the pay package and minutes of the discussion, along with the checklist and comparables, are filed with the minutes of the corporation (or the division board, as appropriate), prior to the first payment made to the new hire.

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

Senior officers of the organization follow the irs section 958 guidelines. The organization obtains a minimum of 5 comparables for each position offered with annual compensation in excess of 75,000. The comparables are given to the board members at a meeting to discuss the hire. After discussion, the board approves the pay package and minutes of the discussion, along with the checklist and comparables, are filed with the minutes of the corporation (or the division board, as appropriate), prior to the first payment made to the new hire.

Form 990, Page 6, Part VI, Line 18

Form 990 is available upon request by email and via guidestar.

Form 990, Page 6, Part VI, Line 19

The governing documents, policies, and financial statements are available upon request by return mail or email.

Filing and Contact Details

Filer

Filer Name
Conscious Capitalism Inc
EIN
20-2238653
Phone
2023204447
Address
PO BOX 5458, WARREN, MI 48090

Signing Officer

Name
Alexander Mccobin
Title
CEO
Phone
2023204447
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexander Mccobin
Formed
2005
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
9
Volunteers
256

Preparer

Firm
Jansen Valk Thompson & Reahm Pc
Address
7171 STADIUM DR, KALAMAZOO, MI 49009-4943
Preparer
Rhonda L Newman
Phone
2693817600
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Conscious capitalism, inc. (cci) is a u.s. - based 501(c)(3) nonprofit organization whose purpose is to build a movement of business leaders improving the practice and perception of capitalism to elevate humanity so that billions of people can flourish, leading lives infused with passion, purpose, love and creativity; a world of freedom, harmony, prosperity, and compassion. Conscious capitalism, inc. (cci) improves the practice of capitalism by providing business leaders with support to run their businesses in a conscious way, fulfilling the potential of capitalism. Cci does so through various vehicles, including sharing access to information and ideas, building networks of peer support between business leaders, and certifying coaches and consultants. To improve the perception of capitalism, cci creates and shares resources such as articles, videos, social media content, and traditional media. Cci supports a network of 30 chapters around the world that carry out all of these activities in their home markets.

Form 990, Part IX, Line 11G

Professional services 145,136 86,601 0

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IRS990/Form990PartVIISectionAGrp/PersonNm24SAFWAN SHAH
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IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CO-CHAIR
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IRS990/FormationYr02005
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IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CONSCIOUS CAPITALISM, INC. IS BUILDING A MOVEMENT OF BUSINESS LEADERS DEDICATED TO ELEVATING HUMANITY THROUGH BUSINESS.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012259
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TELEPHONE AND INTERNET
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IRS990/OtherExpensesGrp/FundraisingAmt15481
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13498
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IRS990/OtherExpensesGrp/ProgramServicesAmt113994
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IRS990/OtherExpensesGrp/TotalAmt122973
IRS990/OtherExpensesGrp/TotalAmt21153
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/PYTotalRevenueAmt03327847
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0218867
IRS990/RoyaltiesRevenueGrp/ExclusionAmt075889
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt075889
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0407400
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0802243

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.18$0.46$2.01$2.06$0.05
2023Summary only. Only limited summary data is available for this year.$0.80$0.28$0.51$1.97$2.51$0.54
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.38$1.00$2.14$3.08$0.94
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$0.31$1.94$2.92$2.50$0.42
2020Detailed filing. Detailed filing data is available for this year.$1.68$0.16$1.52$2.27$1.83$0.44
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.31$1.08$3.33$2.86$0.47
2018Summary only. Only limited summary data is available for this year.$1.22$0.62$0.61$2.68$2.98$0.29
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.28$0.90$2.21$2.42$0.22
2016Summary only. Only limited summary data is available for this year.$1.25$0.14$1.11$1.82$1.69$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.25$0.98$1.75$1.50$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.78$0.06$0.73$1.47$1.46$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.17$0.71$1.42$1.27$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.06$0.57$0.81
2011Summary only. Only limited summary data is available for this year.$0.39$0.02$0.37$0.67$0.64$0.03