Civic Intelligence

Ase Incorporated

990 • Fiscal year 2018 • EIN 20-4106910

Jan 01, 2018 to Dec 31, 2018 • Filed on May 02, 2019

214 E Bell CourtLexington, KY 40508

(859) 509-7072

Siviq Scores

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

Liabilities / Assets

90th percentile

0.56x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.28x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

90th percentile

86%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

118%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$98,212

Up $45,386 (+86%) from 2017

Net Assets

Up

$42,930

Up $36,579 (+576%) from 2017

Liabilities

Up

$55,282

Up $8,807 (+19%) from 2017

Revenue

Up

$198,177

Up $107,394 (+118%) from 2017

Expenses

Up

$161,598

Up $59,805 (+59%) from 2017

Net Income

Up

$36,579

Up $47,589 (+432%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $50,495Liabilities 2011: $28,8602011Assets 2012: $71,054Liabilities 2012: $27,500Net Assets 2012: $43,5542012Assets 2013: $36,366Liabilities 2013: $52,500Net Assets 2013: -$16,1342013Assets 2014: $54,213Liabilities 2014: $43,773Net Assets 2014: $10,4402014Assets 2015: $49,251Liabilities 2015: $41,500Net Assets 2015: $7,7512015Assets 2016: $41,018Liabilities 2016: $23,657Net Assets 2016: $17,3612016Assets 2017: $52,826Liabilities 2017: $46,475Net Assets 2017: $6,3512017Assets 2018: $98,212Liabilities 2018: $55,282Net Assets 2018: $42,9302018Assets 2019: $143,244Liabilities 2019: $50,596Net Assets 2019: $92,6482019Assets 2020: $144,688Liabilities 2020: $3,385Net Assets 2020: $141,3032020Assets 2021: $205,097Liabilities 2021: $9,396Net Assets 2021: $195,7012021Assets 2022: $247,704Liabilities 2022: $13,169Net Assets 2022: $234,5352022Assets 2023: $299,464Liabilities 2023: $10,200Net Assets 2023: $289,2642023Assets 2024: $426,235Liabilities 2024: $21,800Net Assets 2024: $404,4352024

Highlighted filing

2018

Assets$98,212
Liabilities$55,282
Net Assets$42,930

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $176,735Expenses 2011: $165,126Net Income 2011: $11,6092011Revenue 2012: $210,291Expenses 2012: $188,372Net Income 2012: $21,9192012Revenue 2013: $204,354Expenses 2013: $264,042Net Income 2013: -$59,6882013Revenue 2014: $201,206Expenses 2014: $174,632Net Income 2014: $26,5742014Revenue 2015: $137,209Expenses 2015: $139,898Net Income 2015: -$2,6892015Revenue 2016: $261,925Expenses 2016: $252,315Net Income 2016: $9,6102016Revenue 2017: $90,783Expenses 2017: $101,793Net Income 2017: -$11,0102017Revenue 2018: $198,177Expenses 2018: $161,598Net Income 2018: $36,5792018Revenue 2019: $214,609Expenses 2019: $164,891Net Income 2019: $49,7182019Revenue 2020: $332,373Expenses 2020: $283,718Net Income 2020: $48,6552020Revenue 2021: $104,457Expenses 2021: $50,059Net Income 2021: $54,3982021Revenue 2022: $313,914Expenses 2022: $275,080Net Income 2022: $38,8342022Revenue 2023: $285,515Expenses 2023: $230,786Net Income 2023: $54,7292023Revenue 2024: $394,519Expenses 2024: $279,348Net Income 2024: $115,1712024

Highlighted filing

2018

Revenue$198,177
Expenses$161,598
Net Income$36,579
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 2, 2019
Return Version
2018v3.1
Gross Receipts
$199,177
Mission and Program Overview

Mission

Educating, preserving and promoting the american spiritual art form

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$50,656-
Cash and Non-Interest-Bearing Accounts$10,005$19,575▲ $9,570
Prepaid Expenses and Deferred Charges$29,358$13,124▼ $16,234
Loans From Officers Directors$18,500$8,938▼ $9,562
Intangible Assets$5,961$5,934▼ $27
Accounts Receivable$4,112$4,112→ $0
Inventories for Sale or Use$2,188$3,963▲ $1,775
Land, Buildings, and Equipment, Net$1,202$848▼ $354
Total Assets$52,826$98,212▲ $45,386
Liabilities
Deferred Revenue$26,825$38,763▲ $11,938
Accounts Payable and Accrued Expenses$1,150$7,578▲ $6,428
Other Liabilities-$3-
Total Liabilities$46,475$55,282▲ $8,807
Net Assets / Fund Balance
Permanently Rstr Net Assets-$50,000-
Unrestricted Net Assets$6,351$-7,070▼ $13,421
Total Net Assets Fund Balance$6,351$42,930▲ $36,579
Total Liabilities and Net Assets / Fund Balance$52,826$98,212▲ $45,386

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$848$2,090$2,938
Compensation and Service Providers

Board Members and Trustees

NameTitle
Everett MccorveyPresident
Ann GrundyBoard Member
Mark DavisBoard Member
Peggy StampsBoard Member
Alicia HelmVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$50,500
Program Service Revenue
$143,455
Investment Income
$656
Other Revenue
$3,566
All Other Contributions
$50,500
Change in Net Assets
$36,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,098
Grants and Similar Amounts Paid$1,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$92,633--$92,633
Office Expenses$1,905--$1,905
Depreciation Depletion$1,492$354-$1,846
Grants to Domestic Orgs$1,500--$1,500
Fees for Services Accounting-$1,235-$1,235
Occupancy$1,230--$1,230
Other Expenses$835--$835
Interest-$500-$500
All Other Expenses$343--$343
Advertising$319--$319
Total Functional Expenses$159,509$2,089$0$161,598
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Peggy StampsBoard MemberProgram AdminNo$9,500
Alicia HelmBoard MemberPerformance FeesNo$2,100
Tedrin Blair LindsayBoard MemberPerformance FeesNo$2,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$18,500$8,938▼ $9,562
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Payable$3
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST

Filing and Contact Details

Filer

Filer Name
Ase Inc
EIN
20-4106910
Phone
8595097072
Address
214 E BELL COURT, LEXINGTON, KY 40508

Signing Officer

Name
Everett Mccorvey
Title
President
Phone
8595097072
Signed
2019-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Everett Mccorvey
Formed
2001
Legal Domicile
Ky
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Skw Cpas & Advisors Pllc
Address
183 WALTON AVE, LEXINGTON, KY 40508
Preparer
Donna J Smith CPA
Phone
8597211820
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/FilingSecurityInformation/IPTm013:20:53
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.26$0.22$4.04$3.95$2.79$1.15
2023Detailed filing. Detailed filing data is available for this year.$2.99$0.10$2.89$2.86$2.31$0.55
2022Detailed filing. Detailed filing data is available for this year.$2.48$0.13$2.35$3.14$2.75$0.39
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.09$1.96$1.04$0.50$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.41$3.32$2.84$0.49
2019Detailed filing. Detailed filing data is available for this year.$1.43$0.51$0.93$2.15$1.65$0.50
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.55$0.43$1.98$1.62$0.37
2017Detailed filing. Detailed filing data is available for this year.$0.53$0.46$0.06$0.91$1.02$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.24$0.17$2.62$2.52$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.42$0.08$1.37$1.40$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.54$0.44$0.10$2.01$1.75$0.27
2013Summary only. Only limited summary data is available for this year.$0.36$0.53$0.16$2.04$2.64$0.60
2012Summary only. Only limited summary data is available for this year.$0.71$0.28$0.44$2.10$1.88$0.22
2011Summary only. Only limited summary data is available for this year.$0.50$0.29$1.77$1.65$0.12