Civic Intelligence

Inter-Cooperative Exchange

990 • Fiscal year 2023 • EIN 20-4792242

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 31, 2024

23929 22nd Dr SEBothell, WA 98021

(360) 399-1118

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.20x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

0.50x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-165%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$95,015

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 70.8% of source-year revenue.

2023 filings • 501(c)5 • <$500k nonprofits • Source year 2023

Asset Growth

6th percentile

-33%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-57%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)5 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$334,471

Down $162,898 (-33%) from 2022

Net Assets

Down

$267,308

Down $220,953 (-45%) from 2022

Liabilities

Up

$67,163

Up $58,055 (+637%) from 2022

Revenue

Down

$134,270

Down $180,058 (-57%) from 2022

Expenses

Up

$355,223

Up $7,254 (+2.1%) from 2022

Net Income

Down

-$220,953

Down $187,312 (-557%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $220,207Liabilities 2011: $0Net Assets 2011: $220,2072011Assets 2012: $703,246Liabilities 2012: $0Net Assets 2012: $703,2462012Assets 2013: $326,059Liabilities 2013: $0Net Assets 2013: $326,0592013Assets 2014: $370,750Liabilities 2014: $7,429Net Assets 2014: $363,3212014Assets 2015: $485,675Liabilities 2015: $6,355Net Assets 2015: $479,3202015Assets 2016: $596,297Liabilities 2016: $30,376Net Assets 2016: $565,9212016Assets 2017: $481,022Liabilities 2017: $0Net Assets 2017: $481,0222017Assets 2018: $454,513Liabilities 2018: $10,202Net Assets 2018: $444,3112018Assets 2019: $541,957Liabilities 2019: $7,037Net Assets 2019: $534,9202019Assets 2020: $544,055Liabilities 2020: $16,742Net Assets 2020: $527,3132020Assets 2021: $554,520Liabilities 2021: $32,618Net Assets 2021: $521,9022021Assets 2022: $497,369Liabilities 2022: $9,108Net Assets 2022: $488,2612022Assets 2023: $334,471Liabilities 2023: $67,163Net Assets 2023: $267,3082023Assets 2024: $266,012Liabilities 2024: $10,350Net Assets 2024: $255,6622024

Highlighted filing

2023

Assets$334,471
Liabilities$67,163
Net Assets$267,308

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $247,8882011Expenses 2012: $298,0782012Expenses 2013: $727,1872013Revenue 2014: $409,195Expenses 2014: $371,933Net Income 2014: $37,2622014Revenue 2015: $405,029Expenses 2015: $289,030Net Income 2015: $115,9992015Revenue 2016: $404,020Expenses 2016: $317,419Net Income 2016: $86,6012016Revenue 2017: $295,539Expenses 2017: $380,438Net Income 2017: -$84,8992017Revenue 2018: $314,289Expenses 2018: $351,000Net Income 2018: -$36,7112018Revenue 2019: $456,486Expenses 2019: $365,877Net Income 2019: $90,6092019Revenue 2020: $423,668Expenses 2020: $431,275Net Income 2020: -$7,6072020Revenue 2021: $411,206Expenses 2021: $416,617Net Income 2021: -$5,4112021Revenue 2022: $314,328Expenses 2022: $347,969Net Income 2022: -$33,6412022Revenue 2023: $134,270Expenses 2023: $355,223Net Income 2023: -$220,9532023Revenue 2024: $207,292Expenses 2024: $218,938Net Income 2024: -$11,6462024

Highlighted filing

2023

Revenue$134,270
Expenses$355,223
Net Income-$220,953
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 31, 2024
Return Version
2022v5.0
Gross Receipts
$134,270
Mission and Program Overview

Mission

See Schedule O Part III, Line 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$380,663$333,354▼ $47,309
Rtn Earn Endowment Incm Other Fnds$488,261$267,308▼ $220,953
Accounts Receivable$116,706$1,117▼ $115,589
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$497,369$334,471▼ $162,898
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$9,108$67,163▲ $58,055
Total Liabilities$9,108$67,163▲ $58,055
Net Assets / Fund Balance
Total Net Assets Fund Balance$488,261$267,308▼ $220,953
Total Liabilities and Net Assets / Fund Balance$497,369$334,471▼ $162,898
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Erling E JacobsenDirectorFT$95,015$95,015

Board Members and Trustees

NameTitle
Mark HenklePresident
Jennifer VickstromVice President
Dan GunnAlt Director
Melanie PotterAlt Director
Rip CarltonAlt Director
Glenn MikkelsenDirector
Lenny HerzogDirector
Louie LowenbergDirector
Mike WoodleyDirector
Oystein LoneDirector
Rick ShelfordDirector
Kris DeaneSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$134,270
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-220,953
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,004
Salaries, Compensation, and Employee Benefits$126,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$116,614
Fees for Services Legal---$115,411
Fees for Services Management---$36,000
Payroll Taxes---$9,605
Fees for Services Accounting---$7,657
Insurance---$1,901
Other Expenses---$124
All Other Expenses---$80
Total Functional Expenses$0$0$0$355,223
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 A, Line 6

The organization has a single class of members. The members are grouped into voting districts. Each voting district elects a single Delegate to represent its members in all matters requiring vote, consent or approval of the members (with the sole exception of the appointment of the district's Delegate).

Form 990, Part VI, Section B, Line 11B

The board members receive a copy of the Form 990 for review before filing.

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

Disclosure is made on at least an annual basis via email or other appropriate correspondence between the Association and Covered Officials (described below). Disclosure is shared with the Association's Board of Directors, which may take such further action it deems appropriate. In addition, any relationship or circumstance that is created or arises in the interim is disclosed to the Board President and Executive Director as soon as possible.Covered officials include the board of directors, officers and key employees.Once a conflict of interest arises, in addition to disclosure, the person with the conflict should use their best judgment as to whether and to what extent they should recuse themselves from deliberations, voting, decision-making, and other participation with respect to the matter at issue, and whether they should resign from an office or position. In making this determination, the best interests of the Association should be the sole criteria. The Board of Directors may require full or limited recusal or other measures, including resignation from an Association office or position.

Form 990, Part VI, Section C, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Inter-Cooperative Exchange
EIN
20-4792242
Phone
3603991118
Address
23929 22nd Dr SE, Bothell, WA 98021

Signing Officer

Name
Mark Henkel
Title
President
Signed
2024-01-31
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Ak
Voting Board Members
10
Independent Board Members
10
Employees
1

Preparer

Firm
Wgn Ps
Address
200 W Mercer Street Suite 310, Seattle, WA 98119
Preparer
Kalin Fohn
Phone
2062130010
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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/MissionDesc01. Negotiate agreements between crab harvesters and crab processors.2. Perform market analysis of crab species.3. Analyze import and export statistics for crab.4. Host meetings for coop members.5. Represent members in arbitration proceedings.6. Enhance value of crab products to coop members through marketing efforts.7. Receive and allocate individual fishing quota under the Bering Sea/Aleutian Island Crab rationalization program.
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt09605
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues & Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0134270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0134270
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0216717
IRS990/PYProgramServiceRevenueAmt0314328
IRS990/PYRevenuesLessExpensesAmt0-33641
IRS990/PYSalariesCompEmpBnftPaidAmt0131252
IRS990/PYTotalExpensesAmt0347969
IRS990/PYTotalRevenueAmt0314328
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-220953
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0488261
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0267308
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has a single class of members. The members are grouped into voting districts. Each voting district elects a single Delegate to represent its members in all matters requiring vote, consent or approval of the members (with the sole exception of the appointment of the district's Delegate).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board members receive a copy of the Form 990 for review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Disclosure is made on at least an annual basis via email or other appropriate correspondence between the Association and Covered Officials (described below). Disclosure is shared with the Association's Board of Directors, which may take such further action it deems appropriate. In addition, any relationship or circumstance that is created or arises in the interim is disclosed to the Board President and Executive Director as soon as possible.Covered officials include the board of directors, officers and key employees.Once a conflict of interest arises, in addition to disclosure, the person with the conflict should use their best judgment as to whether and to what extent they should recuse themselves from deliberations, voting, decision-making, and other participation with respect to the matter at issue, and whether they should resign from an office or position. In making this determination, the best interests of the Association should be the sole criteria. The Board of Directors may require full or limited recusal or other measures, including resignation from an Association office or position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0497369
IRS990/TotalAssetsEOYAmt0334471
IRS990/TotalAssetsGrp/BOYAmt0497369
IRS990/TotalAssetsGrp/EOYAmt0334471
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0355223
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09108
IRS990/TotalLiabilitiesEOYAmt067163
IRS990/TotalLiabilitiesGrp/BOYAmt09108
IRS990/TotalLiabilitiesGrp/EOYAmt067163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0488261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0267308
IRS990/TotalProgramServiceRevenueAmt0134270
IRS990/TotalReportableCompFromOrgAmt095015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0134270
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0134270
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0497369
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0334471
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt023929 22nd Dr SE
IRS990/USAddress/CityNm0Bothell
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098021
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Henkel
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Inter-Cooperative Exchange
ReturnHeader/Filer/BusinessNameControlTxt0INTE
ReturnHeader/Filer/EIN0204792242
ReturnHeader/Filer/PhoneNum03603991118
ReturnHeader/Filer/USAddress/AddressLine1Txt023929 22nd Dr SE
ReturnHeader/Filer/USAddress/CityNm0Bothell
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098021
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0911665325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WGN PS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 W Mercer Street Suite 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seattle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098119
ReturnHeader/PreparerPersonGrp/PhoneNum02062130010
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kalin Fohn
ReturnHeader/ReturnTs02024-02-02T11:26:14-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Mark
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Henkel
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.10$2.56$2.07$2.19$0.12
2023Detailed filing. Detailed filing data is available for this year.$3.34$0.67$2.67$1.34$3.55$2.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$0.09$4.88$3.14$3.48$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$0.33$5.22$4.11$4.17$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.44$0.17$5.27$4.24$4.31$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.42$0.07$5.35$4.56$3.66$0.91
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$0.10$4.44$3.14$3.51$0.37
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.81$0.00$4.81$2.96$3.80$0.85
2016Detailed filing. Detailed filing data is available for this year.$5.96$0.30$5.66$4.04$3.17$0.87
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$0.06$4.79$4.05$2.89$1.16
2014Detailed filing. Detailed filing data is available for this year.$3.71$0.07$3.63$4.09$3.72$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$0.00$3.26$7.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.03$0.00$7.03$2.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.00$2.20$2.48
Peer Organizations

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