Civic Intelligence

Diversity Focus

990 • Fiscal year 2014 • EIN 20-3420207

Jan 01, 2014 to Dec 31, 2014 • Filed on May 08, 2015

222 2nd Street SECedar Rapids, IA 52401

(319) 363-3707

Siviq Scores

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

Liabilities / Assets

90th percentile

0.62x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

98th percentile

$113,424

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

10th percentile

-43%

Faster asset growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-28%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$145,201

Down $110,800 (-43%) from 2013

Net Assets

Down

$55,201

Down $140,800 (-72%) from 2013

Liabilities

Up

$90,000

Up $30,000 (+50%) from 2013

Revenue

Down

$449,984

Down $177,625 (-28%) from 2013

Expenses

Down

$590,784

Down $8,993 (-1.5%) from 2013

Net Income

Down

-$140,800

Down $168,632 (-606%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $877,689Liabilities 2010: $11,422Net Assets 2010: $866,2672010Assets 2011: $739,066Liabilities 2011: $123,056Net Assets 2011: $616,0102011Assets 2012: $168,169Liabilities 2012: $0Net Assets 2012: $168,1692012Assets 2013: $256,001Liabilities 2013: $60,000Net Assets 2013: $196,0012013Assets 2014: $145,201Liabilities 2014: $90,000Net Assets 2014: $55,2012014Assets 2015: $35,002Liabilities 2015: $100,000Net Assets 2015: -$64,9982015Assets 2016: $35,485Liabilities 2016: $69,297Net Assets 2016: -$33,8122016Assets 2017: $18,786Liabilities 2017: $14,2972017

Highlighted filing

2014

Assets$145,201
Liabilities$90,000
Net Assets$55,201

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $502,3772010Expenses 2011: $518,6952011Revenue 2012: $465,926Expenses 2012: $700,156Net Income 2012: -$234,2302012Revenue 2013: $627,609Expenses 2013: $599,777Net Income 2013: $27,8322013Revenue 2014: $449,984Expenses 2014: $590,784Net Income 2014: -$140,8002014Revenue 2015: $451,975Expenses 2015: $572,174Net Income 2015: -$120,1992015Revenue 2016: $431,493Expenses 2016: $400,653Net Income 2016: $30,8402016Revenue 2017: $77,960Expenses 2017: $39,859Net Income 2017: $38,1012017

Highlighted filing

2014

Revenue$449,984
Expenses$590,784
Net Income-$140,800
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 8, 2015
Return Version
2014v5.0
Gross Receipts
$449,984
Mission and Program Overview

Mission

The mission of diversity focus is to lead in the promotion of diversity, cultural awareness and inclusion in our corridor community. Diversity focus's vision, diversity is the crucial link to economic, cultural, academic, and technological success. Diversity focus' vision is that the corridor community be the model of inclusion that values, nurtures, attracts, and retains people of diverse backgrounds, cultures, and beliefs.

Diversity focus is devoted to enhancing the diversity of the cedar rapids - iowa city corridor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$203,704$90,667▼ $113,037
Cash and Non-Interest-Bearing Accounts$40,050$52,489▲ $12,439
Land, Buildings, and Equipment, Net$12,247$2,045▼ $10,202
Total Assets$256,001$145,201▼ $110,800
Liabilities
Unsecured Notes Loans Payable$60,000$90,000▲ $30,000
Total Liabilities$60,000$90,000▲ $30,000
Net Assets / Fund Balance
Unrestricted Net Assets$196,001$55,201▼ $140,800
Total Net Assets Fund Balance$196,001$55,201▼ $140,800
Total Liabilities and Net Assets / Fund Balance$256,001$145,201▼ $110,800

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,045$55,820$57,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad SimmonsExecutive DirectorFT$103,996$9,428$113,424

Board Members and Trustees

NameTitle
Marcella DavidPast President - Left 9/2014
Kevin BurkePresident
Dr David BensonVice President
Brian BurrellDirector
Circe StumboDirector
Colin MahoneyDirector
Dr Georgina DodgeDirector
Dr Sherree WilsonDirector
Jill HandleyDirector
Kim BecickaDirector
Ron CorbettDirector
SISTER SUSAN O'CONNORDirector
Stefanie Munsterman-robinsonDirector
William LargentDirector - Left 9/2014
Dr Ruth WhiteSecretary
Sophia JosephTreasurer
Ruben Alejandro CastilloTreasurer - Left 1/2014
Revenue and Support

Revenue Composition

Contributions and Grants
$304,978
Program Service Revenue
$144,229
Investment Income
$110
Other Revenue
$667
All Other Contributions
$247,478
Change in Net Assets
$-140,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$449,984
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$449,984
Total Revenue per Form 990
$449,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,890
Salaries, Compensation, and Employee Benefits$248,931
Grants and Similar Amounts Paid$44,574
Professional Fundraising Fees$1,389
Total Fundraising Expense$1,389

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$102,081$11,343-$113,424
Other Salaries and Wages$98,838$9,519-$108,357
Conferences and Meetings$99,014$60-$99,074
Grants to Domestic Orgs$44,374--$44,374
Fees for Services Other$38,646$242-$38,888
Advertising$36,721$1,959-$38,680
Occupancy$27,425$3,048-$30,473
Office Expenses$23,555$2,301-$25,856
Information Technology$18,322$153-$18,475
Payroll Taxes$15,786$1,619-$17,405
Fees for Services Accounting$12,150$1,279-$13,429
Depreciation Depletion$11,481$1,225-$12,706
Travel$10,937$1,134-$12,071
Other Employee Benefits$8,776$969-$9,745
Insurance$2,851$58-$2,909
Interest$1,920$213-$2,133
Fees for Services Professional Fundraising--$1,389$1,389
All Other Expenses$1,125$71-$1,196
Grants to Domestic Individuals$200--$200
Total Functional Expenses$554,202$35,193$1,389$590,784

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$590,784
Total Expenses per Audited Statements$590,784
Total Expenses per Form 990$590,784
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Summer of the Arts IncIowa City, IA501(c)(3)To Support Diversified Community Art and Cultural Events Within the Corridor.$40,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,389
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent public accounting firm and then reviewed by the executive director. The entire board will receive a copy of the form 990 prior to the return being filed.

Form 990, Part VI, Section B, Line 12C

Board members and officers annually sign a conflict of interest statement. Board members agree to self report any conflicts as they arise. If a conflict were to arise the director in conflict would abstain from voting or being present while the item under conflict is being discussed.

Form 990, Part VI, Section B, Line 15A

The organization performed an initial market survey to determine compensation when the executive director position was posted in 2011. Form 990, part vi, section b, line 15b: the organization does not have any other officers or key employees as per the definition of those positions in the instructions to the form 990.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Diversity Focus
EIN
20-3420207
Phone
3193633707
Address
222 2ND STREET SE, CEDAR RAPIDS, IA 52401

Signing Officer

Name
Chad Simmons
Title
Executive Director
Phone
3193633707
Signed
2015-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Simmons
Formed
2005
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
11
Volunteers
150

Preparer

Firm
Cliftonlarsonallen Llp
Address
600 3RD AVE SE STE 300, CEDAR RAPIDS, IA 52401
Preparer
David Little
Phone
3193632697
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year.

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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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR - LEFT 9/2014
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PAST PRESIDENT - LEFT 9/2014
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER - LEFT 1/2014
IRS990/Form990PartVIISectionAGrp/TitleTxt14TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR
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IRS990/MissionDesc0THE MISSION OF DIVERSITY FOCUS IS TO LEAD IN THE PROMOTION OF DIVERSITY, CULTURAL AWARENESS AND INCLUSION IN OUR CORRIDOR COMMUNITY. DIVERSITY FOCUS'S VISION, DIVERSITY IS THE CRUCIAL LINK TO ECONOMIC, CULTURAL, ACADEMIC, AND TECHNOLOGICAL SUCCESS. DIVERSITY FOCUS' VISION IS THAT THE CORRIDOR COMMUNITY BE THE MODEL OF INCLUSION THAT VALUES, NURTURES, ATTRACTS, AND RETAINS PEOPLE OF DIVERSE BACKGROUNDS, CULTURES, AND BELIEFS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ARTS & CULTURE: OUR GOAL IS FOR THE CREATIVE CORRIDOR TO BECOME ONE OF THE MOST VIBRANT REGIONS IN THE COUNTRY. TO DO THIS, DIVERSITY FOCUS WILL ENGAGE THE AREA IN VARIOUS ARTISTIC, INTELLECTUAL AND CULTURAL ACTIVITIES BY PROVIDING NURTURING CULTURAL EXPERIENCES FOR PEOPLE OF DIVERSE BACKGROUNDS. IN COLLABORATION WITH THE ARTS AND CULTURE ORGANIZATIONS WITHIN THE REGION, DIVERSITY FOCUS WILL PROMOTE AND PROVIDE OPPORTUNITIES TO CONNECT PEOPLE TO THEIR COMMUNITIES. BY CREATING NEW EVENTS, AS WELL AS PARTNERING WITH EXISTING EVENTS, WE INFORM THE PUBLIC ABOUT THE VALUE THAT EMERGING AND ESTABLISHED COMMUNITIES BRING TO THE AREA. WE ORGANIZE AND PROMOTE EVENTS AND ACTIVITIES THROUGHOUT THE REGION TO EDUCATE THE PUBLIC ABOUT DIVERSE CULTURES. DIVERSITY FOCUS' GOAL IS TO BE THE TRUSTED SOURCE OF INFORMATION CONNECTING COMMUNITIES TO ARTS AND CULTURE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HEALTH & WELL-BEING: DIVERSITY FOCUS IS HELPING BUILD A WELCOMING AND VIBRANT COMMUNITY WHERE PEOPLE ENJOY GETTING INVOLVED, ARE COMMITTED TO WORK AND PLAY, AS WELL AS LIVING HEALTHIER LIFESTYLES. WE CONNECT RESIDENTS BY STRENGTHENING THEIR TIES TO ONE ANOTHER, AND HELPING THEM "FIND THEIR TRIBES." THEY CAN THEN PURSUE THEIR PASSIONS. DIVERSITY FOCUS IS DEVELOPING AND PROMOTING PROGRAMS AND EVENTS THAT PROVIDE VARIED SOCIAL OUTLETS. THROUGH STRATEGIES SUCH AS THESE, WE ARE ENCOURAGING PEOPLE OF DIVERSE BACKGROUNDS, CULTURES, AND BELIEFS TO FEEL MORE CONNECTED TO OUR COMMUNITY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0107797
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0500
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt07478
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ECONOMIC DEVELOPMENT: INNOVATION IS A KEY TO GROWTH. DIVERSITY FOCUS PARTNERS AND SUPPORTS EXISTING AND NEW BUSINESSES TO ACHIEVE INNOVATIVE MODELS FOR FINANCIAL SUCCESS. THE CORRIDOR IS BECOMING A MAGNET FOR DIFFERENT CULTURES, BACKGROUNDS, AND BELIEFS. IN ORDER TO SUSTAIN THIS GROWTH, DIVERSITY FOCUS SERVES AS ADVISORS WHO IDENTIFY LOCAL NEEDS AND HELP NURTURE AND SUPPORT BUSINESSES WILLING TO MEET THOSE NEEDS. WE ARE DIVERSITY ADVOCATES AND ENCOURAGE LARGE ORGANIZATIONS AND COMPANIES TO BUILD STRONGER RELATIONSHIPS WITH LOCAL MINORITY-OWNED BUSINESSES. OUR ORGANIZATION IS A SMALL BUSINESS DEVELOPMENT ALLY THAT SUPPORTS ENTREPRENEURIAL GROWTH. DIVERSITY FOCUS ENCOURAGES COMMUNITY MEMBERS TO INVEST THEIR TIME, TALENT AND TREASURE TO HELP BUSINESSES INCREASE EMPLOYMENT OPPORTUNITIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1EDUCATION: IN ORDER TO ADVANCE THE CONCEPT OF LIFELONG LEARNING, DIVERSITY FOCUS IS IMPLEMENTING A MULTIFACETED APPROACH TO EDUCATION WHILE PROMOTING THE VALUE OF DIVERSITY IN THE COMMUNITY. THE CREATIVE CORRIDOR OFFERS A NUMBER OF PERSONAL AND PROFESSIONAL OPPORTUNITIES FOR PEOPLE TO LEARN. DIVERSITY FOCUS PARTNERS WITH LOCAL ORGANIZATIONS AND SCHOOLS TO IMPROVE THE REGION'S COMMUNITY-BASED PROGRAMMING. WE HAVE DEVELOPED COLLABORATIVE PARTNERSHIPS WITH OTHER ORGANIZATIONS TO MINIMIZE DUPLICATION OF EFFORTS AND TO ACCELERATE THE USE OF PROVEN MODELS. OUR ORGANIZATION WORKS WITH COMMUNITY LEADERS, EDUCATORS AND PARENTS TO ENSURE EVERY CHILD CAN ACHIEVE HIS OR HER FULL POTENTIAL. WE CONNECT PEOPLES' PASSIONS TO COMMUNITIES FOR MUTUAL GROWTH. DIVERSITY FOCUS STRENGTHENS CULTURAL EXCHANGE BY IMPROVING ACCESS TO COMMUNITY RESOURCES. WE EMPOWER RESIDENTS BY PROVIDING TRAINING OPPORTUNITIES AND EXPERIENCES THAT RAISE AWARENESS AND EXPLORE THE IMPACT OUR UNIQUE CULTURES HAVE ON OUR INTERACTIONS WITH OTHERS.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt090667
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2011 AMOUNT: $ 155. 2012 AMOUNT: $ 4,634. 2013 AMOUNT: $ 575. 2014 AMOUNT: $ 667.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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