Civic Intelligence

Innovate St Louis

990 • Fiscal year 2013 • EIN 20-5235736

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 29, 2014

One Metropolitan Square No 130063102

(314) 444-1154

Siviq Scores

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

Liabilities / Assets

57th percentile

0.09x

Higher debt load relative to assets than 57% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

41st percentile

0.02x

Higher debt load relative to revenue than 41% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

93rd percentile

$125,712

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

97th percentile

160%

Faster asset growth than 97% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Assets

Up

$170,186

Up $104,800 (+160%) from 2012

Net Assets

Up

$154,134

Up $106,069 (+221%) from 2012

Liabilities

Down

$16,052

Down $1,318 (-7.6%) from 2012

Revenue

Up

$839,051

Up $165,539 (+25%) from 2012

Expenses

Up

$732,933

Up $40,960 (+5.9%) from 2012

Net Income

Up

$106,118

Up $124,579 (+675%) from 2012

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $82,456Liabilities 2010: $44,975Net Assets 2010: $37,4822010Assets 2011: $63,907Liabilities 2011: $16,609Net Assets 2011: $47,2982011Assets 2012: $65,386Liabilities 2012: $17,370Net Assets 2012: $48,0652012Assets 2013: $170,186Liabilities 2013: $16,052Net Assets 2013: $154,1342013Assets 2014: $257,410Liabilities 2014: $19,161Net Assets 2014: $238,2492014Assets 2015: $62,583Liabilities 2015: $4,537Net Assets 2015: $58,0462015Assets 2016: $56,103Liabilities 2016: $2,250Net Assets 2016: $53,8532016

Highlighted filing

2013

Assets$170,186
Liabilities$16,052
Net Assets$154,134

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $519,934Expenses 2010: $538,176Net Income 2010: -$18,2422010Revenue 2011: $590,809Expenses 2011: $581,650Net Income 2011: $9,1592011Revenue 2012: $673,512Expenses 2012: $691,973Net Income 2012: -$18,4612012Revenue 2013: $839,051Expenses 2013: $732,933Net Income 2013: $106,1182013Revenue 2014: $719,243Expenses 2014: $635,128Net Income 2014: $84,1152014Revenue 2015: $125,218Expenses 2015: $132,821Net Income 2015: -$7,6032015Revenue 2016: $0Expenses 2016: $4,193Net Income 2016: -$4,1932016

Highlighted filing

2013

Revenue$839,051
Expenses$732,933
Net Income$106,118
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 29, 2014
Return Version
2013v3.0
Gross Receipts
$847,388
Mission and Program Overview

Mission

Innovate st. Louis focuses on the promotion of science and technology by facilitating, stimulating, and sponsoring educational endeavors which will ultimately serve to make st. Louis a haven to innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,386$103,834▲ $38,448
Pledges and Grants Receivable-$60,000-
Accounts Receivable-$3,840-
Savings and Temporary Cash Investments-$2,512-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$65,386$170,186▲ $104,800
Liabilities
Accounts Payable and Accrued Expenses$17,370$16,052▼ $1,318
Total Liabilities$17,370$16,052▼ $1,318
Net Assets / Fund Balance
Unrestricted Net Assets$48,016$104,134▲ $56,118
Temporarily Rstr Net Assets-$50,000-
Total Net Assets Fund Balance$48,016$154,134▲ $106,118
Total Liabilities and Net Assets / Fund Balance$65,386$170,186▲ $104,800

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,050$3,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim BrasunasIten Executive DirectorFT$104,375$21,337$125,712
Marilyn GannonChief Executive OfficerPT$77,500$4,022$81,522

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$770,829
Program Service Revenue
$66,572
Investment Income
$5
Other Revenue
$1,645
All Other Contributions
$570,405
Change in Net Assets
$106,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$488,816
Other Expenses$229,367
Grants and Similar Amounts Paid$14,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,104$11,495-$320,599
Fees for Services Other$132,849$2,205-$135,054
Current Officers, Directors, Trustees, and Key Employees-$81,522-$81,522
Conferences and Meetings$46,873$2,872-$49,745
Other Employee Benefits$36,256$1,305-$37,561
Payroll Taxes$25,529$9,660-$35,189
Advertising$14,652$3,000-$17,652
Grants to Domestic Orgs$14,750--$14,750
Pension Plan Contributions$7,901$6,044-$13,945
Office Expenses$3,981$4,739-$8,720
Fees for Services Legal-$5,876-$5,876
Occupancy$4,774$248-$5,022
Travel$3,516--$3,516
Insurance-$1,794-$1,794
Information Technology$1,242$246-$1,488
Other Expenses-$500-$500
Total Functional Expenses$601,427$131,506$0$732,933
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
Backup withholding compliance
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 A, Line 8B

There is no committee with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The board members review the annual form 990. Any corrections or concerns are communicated to the accountant and corrected. The final copy is sent to the board chairman who provides e-file authorization.

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

The organization requires each board member to complete a conflict of interest statement and disclosure form on an annual basis. Conflicts of interest are summarized by management, and when applicable, board members are excused from meetings or votes when there is a conflict.

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

The board of directors approved the current salary for the ceo based on comparisons for similiar positions in the st. Louis marketplace. On an annual basis, the board of directors reviews the ceo's performance to determine whether any change in salary is warranted. Periodically, the board of directors undertakes a salary review to ensure that the ceo's total compensation is comparable with the current market rate for similiar positions.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
20-5235736
Phone
3144441154

Signing Officer

Name
Gilbert Bickel Iii
Title
Chairman
Phone
3144441154
Signed
2014-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Gannon
Formed
2006
Legal Domicile
Mo
Voting Board Members
26
Independent Board Members
26
Employees
9
Volunteers
240

Preparer

Preparer
Marie N Carlie CPA
Phone
3148891100
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2013, innovate st. Louis held the startup connection. The startup connection is st. Louis' single largest innovation showcase and entrepreneur resource fair, attracting over 1000 high-tech entrepreneurs and community members.

Form 990, Part IX, Line 11G

Contract labor: program service expenses 92,131. Management and general expenses 0. Fundraising expenses 0. Total expenses 92,131. Website development fees: program service expenses 40,718. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,718. Payroll fees: program service expenses 0. Management and general expenses 2,205. Fundraising expenses 0. Total expenses 2,205.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29ITEN EXECUTIVE DIRECTOR
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IRS990/MissionDesc0INNOVATE ST. LOUIS FOCUSES ON THE PROMOTION OF SCIENCE AND TECHNOLOGY BY FACILITATING, STIMULATING, AND SPONSORING EDUCATIONAL ENDEAVORS WHICH WILL ULTIMATELY SERVE TO MAKE ST. LOUIS A HAVEN TO INNOVATION.
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IRS990/OtherExpensesGrp/Desc0MEMBERSHIP DUES
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IRS990/ProgramServiceRevenueGrp/Desc0ACCELERATE ST. LOUIS
IRS990/ProgramServiceRevenueGrp/Desc1SLATE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2INNOVATION SHOWCASE
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IRS990/ProgSrvcAccomActy2Grp/Desc0INNOVATE VENTURE MENTORING SERVICE (IVMS) FOCUSES ON EDUCATING AND MENTORING ENTREPRENEURS STARTING SCALABLE, TECHNOLOGY-DRIVEN BUSINESSES. THE PROGRAM MATCHES TEAMS OF EXPERIENCED MENTORS WITH EACH ENTREPRENEUR, TO COACH THEM FROM THE CONCEPT STAGE, THROUGH PRODUCT DEVELOPMENT, LAUNCH, AND EVEN REVENUE GROWTH PHASES. THE SERVICES ARE PROVIDED FREE OF CHARGE.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt010252
IRS990/ProgSrvcAccomActy3Grp/Desc0THE STARTUP CONNECTION IS ST. LOUIS' SINGLE LARGEST INNOVATION SHOWCASE AND ENTREPRENEUR RESOURCE FAIR, ATTRACTING OVER 1000 HIGH-TECH ENTREPRENEURS AND COMMUNITY MEMBERS.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt014750
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt010398

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