Civic Intelligence

Clearnote Fellowship Ltd

990EZ • Fiscal year 2019 • EIN 20-2511583

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 06, 2020

2401 S Endwright RdBloomington, IN 47403

(812) 825-2684

Siviq Scores

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

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

32nd percentile

-3.9%

Higher net margin than 32% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$42,116

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 32.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

8th percentile

-55%

Faster asset growth than 8% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-31%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$31,132

Down $38,025 (-55%) from 2018

Net Assets

Down

$29,011

Down $38,001 (-57%) from 2018

Liabilities

Down

$2,121

Down $24 (-1.1%) from 2018

Revenue

Down

$127,902

Down $57,438 (-31%) from 2018

Expenses

Down

$132,912

Down $78,439 (-37%) from 2018

Net Income

Up

-$5,010

Up $21,001 (+81%) from 2018

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2010: $37,578Liabilities 2010: $02010Assets 2011: $70,250Liabilities 2011: $02011Assets 2012: $89,838Liabilities 2012: $02012Assets 2013: $54,770Liabilities 2013: $0Net Assets 2013: $54,7702013Assets 2014: $73,391Liabilities 2014: $0Net Assets 2014: $73,3912014Assets 2015: $96,774Liabilities 2015: $235Net Assets 2015: $96,5392015Assets 2016: $58,899Liabilities 2016: -$13,730Net Assets 2016: $72,6292016Assets 2017: $87,796Liabilities 2017: -$5,256Net Assets 2017: $93,0522017Assets 2018: $69,157Liabilities 2018: $2,145Net Assets 2018: $67,0122018Assets 2019: $31,132Liabilities 2019: $2,121Net Assets 2019: $29,0112019Assets 2020: $58,502Liabilities 2020: $20,232Net Assets 2020: $38,2702020Assets 2021: $69,671Liabilities 2021: $121Net Assets 2021: $69,5502021Assets 2022: $42,683Liabilities 2022: $90Net Assets 2022: $42,5932022Assets 2023: $19,691Liabilities 2023: $0Net Assets 2023: $19,6912023Assets 2024: $30,541Liabilities 2024: $1,932Net Assets 2024: $28,6092024

Highlighted filing

2019

Assets$31,132
Liabilities$2,121
Net Assets$29,011

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $144,942Expenses 2010: $117,674Net Income 2010: $27,2682010Revenue 2011: $174,443Expenses 2011: $141,771Net Income 2011: $32,6722011Revenue 2012: $161,927Expenses 2012: $142,338Net Income 2012: $19,5892012Revenue 2013: $183,814Expenses 2013: $212,812Net Income 2013: -$28,9982013Revenue 2014: $213,338Expenses 2014: $197,824Net Income 2014: $15,5142014Revenue 2015: $252,112Expenses 2015: $248,217Net Income 2015: $3,8952015Revenue 2016: $275,725Expenses 2016: $299,279Net Income 2016: -$23,5542016Revenue 2017: $247,803Expenses 2017: $227,742Net Income 2017: $20,0612017Revenue 2018: $185,340Expenses 2018: $211,351Net Income 2018: -$26,0112018Revenue 2019: $127,902Expenses 2019: $132,912Net Income 2019: -$5,0102019Revenue 2020: $120,271Expenses 2020: $111,236Net Income 2020: $9,0352020Revenue 2021: $151,798Expenses 2021: $121,074Net Income 2021: $30,7242021Revenue 2022: $101,811Expenses 2022: $128,760Net Income 2022: -$26,9492022Revenue 2023: $91,275Expenses 2023: $114,177Net Income 2023: -$22,9022023Revenue 2024: $27,127Expenses 2024: $18,132Net Income 2024: $8,9952024

Highlighted filing

2019

Revenue$127,902
Expenses$132,912
Net Income-$5,010
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 6, 2020
Return Version
2019v5.0
Gross Receipts
$134,160
Mission and Program Overview

Mission

(a) The Corporation is organized and operated exclusively for charitable, religious, and educational purposes under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. Its activities shall be conducted in such a manner that no part of its net earnings shall inure to the benefit of any member, director, officer or other private person, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of these purposes. (b) The Corporation shall not carry on any other activities not permitted to be carried on by a corporation exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code, as amended, or corresponding provisions of any subsequent Federal tax laws.

The organization was formed exclusively for religious purposes to advance Christ's Kingdom by training pastors, planting churches, mobilizing foreign and domestic missions, and equipping churches with resources. The organization continues to produce media resources for churches, denominations, church members, and church leaders.

Program Services

DescriptionGrantsExpenses
Clearnote Fellowship held a conference for pastors in February of 2019.$0$4,745
We offered several concerts to churches and organizations.$0$300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan AlbersonCreative DirectorFT$42,116-$42,116
Jacob MentzelExecutive DirectorPT$22,522-$22,522
Alex McNeillyTreasurerPT$2,231-$2,231
David CurellBoard Member-$0--
Brian BaileyBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Clearnote Fellowship Ltd
EIN
20-2511583
Phone
8128252684
Address
2401 S Endwright Rd, Bloomington, IN 47403

Signing Officer

Name
Alex McNeilly
Title
Treasurer
Phone
3173748499
Signed
2020-03-06
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Description;Amount^Advertising income;29|Reimbursement income;208^Total;237^

Form 990-EZ, Part I, Line 10

internal distribution to internal ministry; OOM to MSAL

Form 990-EZ, Part I, Line 16

Description;Amount^Admin;5951|Pastors Conference food and travel;3145|Insurance;1664|Marketing and fundraising;18079|Technology;3650|Travel;203|Studio development;6910|Other production costs;1309|Podcasts;2960|Transitional reconciliat;-1026^Total;42845^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Accounts receivable;2177|Prepaid postage;26|Product inventory;8191|Undeposited funds;1243^Total;11637^

Form 990-EZ, Part II, Line 26

Payroll, taxes, royalties

Raw XML Appendix270 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/OperateHospitalInd00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt058607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt061129
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt07173
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0-825
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Organization divided based on various activities; assets designated for Clearnote Pastors College separated out into separate accounting and organization.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Clearnote Pastors College Inc
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02018-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0823169515
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt033694
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Liquid assets in dollars
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt02401 S Endwright Rd
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0IN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd047403
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Advertising income;29|Reimbursement income;208^Total;237^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1internal distribution to internal ministry; OOM to MSAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^Admin;5951|Pastors Conference food and travel;3145|Insurance;1664|Marketing and fundraising;18079|Technology;3650|Travel;203|Studio development;6910|Other production costs;1309|Podcasts;2960|Transitional reconciliat;-1026^Total;42845^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description;EOY Amount^Accounts receivable;2177|Prepaid postage;26|Product inventory;8191|Undeposited funds;1243^Total;11637^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Payroll, taxes, royalties
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Alex McNeilly
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum03173748499
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLEARNOTE FELLOWSHIP LTD
ReturnHeader/Filer/BusinessNameControlTxt0CLEA
ReturnHeader/Filer/EIN0202511583
ReturnHeader/Filer/PhoneNum08128252684
ReturnHeader/Filer/USAddress/AddressLine1Txt02401 S Endwright Rd
ReturnHeader/Filer/USAddress/CityNm0Bloomington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047403
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt04.53.193.35
ReturnHeader/ReturnTs02020-03-06T10:08:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.29$0.27$0.18$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.91$1.14$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$1.02$1.29$0.27
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$1.52$1.21$0.31
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.20$0.38$1.20$1.11$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.29$1.28$1.33$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.67$1.85$2.11$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.05$0.93$2.48$2.28$0.20
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.14$0.73$2.76$2.99$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$2.52$2.48$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$2.13$1.98$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$1.84$2.13$0.29
2012Summary only. Only limited summary data is available for this year.$0.90$0.00$1.62$1.42$0.20
2011Summary only. Only limited summary data is available for this year.$0.70$0.00$1.74$1.42$0.33
2010Summary only. Only limited summary data is available for this year.$0.38$0.00$1.45$1.18$0.27